Mahindra Manulife Multi Cap Fund Direct Growth

Mahindra Manulife Multi Cap Fund Direct Growth

NAV as on 17-04-2025

₹ 37.66

1%

1D

Inception Returns

18.2%

/yr

Historical NAV & Returns

Absolute

zero opening, trading, fund transfer fee
5559 people have invested ₹ 2.6Cr in Mahindra Manulife Multi Cap Fund Direct Growth in the last three months

About Mahindra Manulife Multi Cap Fund Direct Growth

Mahindra Manulife Multi Cap Fund Direct Growth is an equity fund. This fund was started on 11 May, 2017. The fund is managed by Manish Lodha, Fatema Pacha. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Mahindra Manulife Multi Cap Fund Direct Growth has ₹4883 Cr worth of assets under management (AUM) as on Mar 2025 and is less than category average.
  2. The fund has an expense ratio 0.4.

Returns

Mahindra Manulife Multi Cap Fund Direct Growth has given a CAGR return of 18.17% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.63%, 16.94% and 29.90% respectively.

Holdings

Mahindra Manulife Multi Cap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Industrial, Basic Materials, Health, Tech, Communication, Energy, Consumer Defensive, Utilities. Its top holdings are HDFC Bank Ltd, Bajaj Finance Ltd, Reliance Industries Ltd, Divi's Laboratories Ltd, Indus Towers Ltd Ordinary Shares

Taxation

As it is a multi-cap mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

Investment objective of Mahindra Manulife Multi Cap Fund Direct Growth

The investment objective of the Scheme is to provide medium to long term capital appreciation through appropriate diversification and taking low risk on business quality. The diversified portfolio would predominantly consist of equity and equity related securities including derivatives. However, there can be no assurance that the investment objective of the Scheme will be achieved.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 500.00. Mahindra Manulife Multi Cap Fund Direct Growth has no lock in period.

Mahindra Manulife Multi Cap Fund Direct Growth Overview

Expense ratio0.43%
Benchmark
Nifty 500 Multicap 50:25:25 TR INR
AUM₹4883 Cr
Inception Date11 May, 2017
Min Lumpsum/SIP₹1000/₹500
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
116.41%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

INDmoney Rank for Mahindra Manulife Multi Cap Fund Direct Growth

Powered by IND quant engine
IND ranking is not available for this fund.
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5Y returns in the top 25% of the category
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Beats FD returns for both 3Y & 5Y duration
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No bad points found for this fund.

Trailing Returns

as on (17-Apr-25)

Period
Mahindra Manulife Multi Cap Fund Direct Growth
Nifty 500
multi-cap
1M
8.3%
5%
6.7%
3M
-2.1%
0%
-2.7%
6M
-8.7%
-7.5%
-9%
1Y
8.6%
6.7%
8%
3Y
16.9%
13.3%
17%
5Y
29.9%
23.3%
26.7%

Fund Distribution

as on (31-Mar-25)

  • Equity 98.2%

  • Debt & Cash 1.8%

Large cap
47%

Small cap
26.1%

Mid cap
24.6%

Sector Allocation

Mar'25

Feb'25

Jan'25

Financial Services
30.5%
Consumer Cyclical
14.3%
Industrial
12.1%
Basic Materials
9.8%
Health
9.1%
Tech
8.2%
Communication
6%
Energy
4.3%
Consumer Defensive
3.3%
Utilities
2.4%
All changes are between Jan'25 and Mar'25
Mar'25
Feb'25
Jan'25
Fund Returns
7.75%
-7.78%
-7.49%
Nifty 500
7.25%
-7.88%
-4.01%
  • This fund’s returns stands at 7.75% whereas the fund’s underlying benchmark Nifty 500 returns stands at 7.25% as on Mar'25
  • This fund outperformed Nifty 500 by 0.50% in Mar'25
Parameters
Mar'25
Feb'25
Jan'25
AUM
₹ 4.9K Cr
₹ 4.4K Cr
₹ 4.8K Cr
  • AUM of the fund stands at 4.9K Cr as of Mar'25
  • AUM increased by 434.7 Cr between Mar'25 and Feb'25
Top Stocks bought last month
PTC Industries Ltd's allocation increased from 1.65% to 2.2%
PTC Industries Ltd's allocation increased from 1.65% to 2.2%
Persistent Systems Ltd's allocation increased from 1.56% to 2.03%
Persistent Systems Ltd's allocation increased from 1.56% to 2.03%
InterGlobe Aviation Ltd's allocation increased from 2.67% to 3.01%
InterGlobe Aviation Ltd's allocation increased from 2.67% to 3.01%
Top Stocks sold last month
HDFC Bank Ltd's allocation decreased from 8.06 % to 5.69 %
HDFC Bank Ltd's allocation decreased from 8.06 % to 5.69 %
Reliance Industries Ltd's allocation decreased from 4.01 % to 3.88 %
Reliance Industries Ltd's allocation decreased from 4.01 % to 3.88 %
Divi's Laboratories Ltd's allocation decreased from 3.66 % to 3.51 %
Divi's Laboratories Ltd's allocation decreased from 3.66 % to 3.51 %
Large Cap allocation has gone up from 46.9% to 47%
Large Cap allocation has gone up from 46.9% to 47%
Small Cap allocation has gone up from 24.9% to 26.1%
Small Cap allocation has gone up from 24.9% to 26.1%
Mid Cap allocation has gone down from 24.8% to 24.6%
Mid Cap allocation has gone down from 24.8% to 24.6%
Cash allocation has gone down from 2.8% to 1.8%
Cash allocation has gone down from 2.8% to 1.8%

Top 3 Sectors in March were Financial Services, Consumer Cyclical & Industrial

Mar'25
Financial Services
31%
Consumer Cyclical
14%
Industrial
12%
Feb'25
Financial Services
30%
Consumer Cyclical
19%
Industrial
10%
  • Equity

Holdings
Weight%
1M Change
HDFC Bank Ltd
HDFC Bank Ltd
5.69%
-26.5%
Bajaj Finance Ltd
Bajaj Finance Ltd
4.12%
8.7%
Reliance Industries Ltd
Reliance Industries Ltd
3.88%
0%
Divi's Laboratories Ltd
Divi's Laboratories Ltd
3.51%
0%
Indus Towers Ltd Ordinary Shares
Indus Towers Ltd Ordinary Shares
3.05%
0%
  • Returns %

  • Fund Ratios

  • Overview

Funds
1Y Returns
3Y Returns
5Y Returns
Since Inception
Mahindra Manulife Multi Cap Fund Direct Growth
Mahindra Manulife Multi Cap Fund Direct Growth
8.63%
16.94%
29.9%
18.17%
Invesco India Multicap Fund Direct Plan Growth Option
Invesco India Multicap Fund Direct Plan Growth Option
11.64%
17.95%
26.52%
18.57%
ICICI Prudential Multicap Fund Direct Plan Growth
ICICI Prudential Multicap Fund Direct Plan Growth
10.32%
19.62%
27.61%
16.86%
Nippon India Multi Cap Fund - Direct Plan - Growth
Nippon India Multi Cap Fund - Direct Plan - Growth
9.83%
21.87%
31.97%
16.73%
  • Gainers

  • Losers

Top Growth Drivers
1M Return
BSE Ltd
BSE Ltd
43%
PTC Industries Ltd
PTC Industries Ltd
14.7%
Interglobe Aviation Ltd
Interglobe Aviation Ltd
11.7%
Fund
Mar'25
Feb'25
Jan'25
No of Holdings
71
64
66
Top 5 Company Concentration
20.3%
22.9%
22%
Company having highest exposure
HDFC Bank Ltd (5.7%)
HDFC Bank Ltd (8.1%)
HDFC Bank Ltd (7.7%)
No of Sectors
10
10
11
Top 5 Sectors Concentration
75.8%
76%
76.6%
Sector having highest exposure
Financial Services (30.5%)
Financial Services (30.5%)
Financial Services (30.1%)
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Manish Lodha
Manish Lodha
Fund Manager of Mahindra Manulife Multi Cap Fund Direct Growth, since 21 December 2020
Top funds managed
Fatema Pacha
Fatema Pacha
Fund Manager of Mahindra Manulife Multi Cap Fund Direct Growth, since 16 October 2020
Fund House
Mahindra Manulife Investment Management Pvt. Ltd.
Total AUM
₹25.98K Cr
as on 31-Mar-2025
Address
1st Floor, Sadhana House, Behind Mahindra Tower,570 P. B. Marg, Worli, Mumbai 400018
Phone
022-66327900
Website
mfinvestors@mahindra.com

Mutual Fund Insights

Insights icon
Over the last 1 month, this fund has experienced a 9.8% growth in AUM moving from 4.44K Cr to 4.88K Cr.
Insights icon
In the last 1 year, SBI Multicap Fund Direct Growth has given 18.19% return, outperforming this fund by 9.56%.
Insights icon
In the last 3 years, Kotak Multicap Fund Direct Growth has given 23.26% return, outperforming this fund by 6.32% per annum.
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This fund has one of the lowest expense ratio in the category (multi-cap). Its expense ratio is 0.43% which is lower than the category average expense ratio of 1.23%.
Insights icon
In the last 5 years, Quant Active Fund Growth Option Direct Plan has given 32.23% return, outperforming this fund by 2.32% per annum.

Mahindra Manulife Multi Cap Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 18.17% since inception which is more than its category average return of 14.19%
Fund Allocations

Fund Allocations

This fund has an allocation of 98.24% in Equity, 0% in Debt and 1.76% in Cash related instruments
AUM size ₹4883 Cr

AUM size ₹4883 Cr

This fund has AUM of ₹4883 Cr which is less than its category average of ₹ 6333 Cr
Expense Ratio 0.43%

Expense Ratio 0.43%

This fund has an expense ratio of 0.43% which is less than its category average expense ratio of 1.27%
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Frequently Asked Questions for Mahindra Manulife Multi Cap Fund Direct Growth

The current NAV of Mahindra Manulife Multi Cap Fund Direct Growth is ₹37.66 as on 17-Apr-2025.
Existing (Absolute + CAGR) as on 17-Apr-2025.
Mahindra Manulife Multi Cap Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
8.32%
8.32%
6 Month Returns
-8.75%
-8.75%
1 Year Returns
8.63%
8.63%
3 Years Returns
59.93%
16.94%
With INDmoney, the process of investing is very simple and involves zero commission.
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  • Select your bank account and proceed with Payment.
0.43% as on March 2025
₹4883 Cr as on March 2025
HDFC Bank Ltd(5.69%), Bajaj Finance Ltd(4.12%), Reliance Industries Ltd(3.88%), Divi's Laboratories Ltd(3.51%), Indus Towers Ltd Ordinary Shares(3.05%) as on March 2025
Financial Services(29.98%), Consumer Cyclical(14.04%), Industrial(11.85%) as on March 2025
The alpha ratio for the Mahindra Manulife Multi Cap Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Mahindra Manulife Multi Cap Fund Direct Growth
1.35
1.8
1.96
As on March 2025
The alpha for Mahindra Manulife Multi Cap Fund Direct Growth is calculated against Nifty 500 Multicap 50:25:25 TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Mahindra Manulife Multi Cap Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Mahindra Manulife Multi Cap Fund Direct Growth
1.01
0.98
0.97
As on March 2025
The Beta for Mahindra Manulife Multi Cap Fund Direct Growth is calculated with Nifty 500 Multicap 50:25:25 TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Mahindra Manulife Multi Cap Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Mahindra Manulife Multi Cap Fund Direct Growth
0.15
0.7
1.42
As on March 2025
The sharpe ratio for Mahindra Manulife Multi Cap Fund Direct Growth is calculated with Nifty 500 Multicap 50:25:25 TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Mahindra Manulife Multi Cap Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Mahindra Manulife Multi Cap Fund Direct Growth
18.87
16.08
16.78
As on March 2025
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 1.11 as on March 2025. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.39 as on March 2025. It tells the consistency of the fund in generating superior risk-adjusted performance
Manish Lodha, Fatema Pacha are the fund managers of Mahindra Manulife Multi Cap Fund Direct Growth
The Exit load of Mahindra Manulife Multi Cap Fund Direct Growth is 1%