Historical NAV & Returns
Absolute
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4354 people have invested ₹ 2.1Cr in Mahindra Manulife Small Cap Fund Direct Growth in the last three months
About Mahindra Manulife Small Cap Fund Direct Growth
Mahindra Manulife Small Cap Fund Direct Growth is an equity fund. This fund was started on 14 December, 2022. The fund is managed by Krishna Sanghavi, Manish Lodha. The fund could potentially beat inflation in the long-run.
Key Parameters
- Mahindra Manulife Small Cap Fund Direct Growth has ₹3464 Cr worth of assets under management (AUM) as on Mar 2025 and is less than category average.
- The fund has an expense ratio 0.4.
Returns
Mahindra Manulife Small Cap Fund Direct Growth has given a CAGR return of 28.98% since inception. Over the last 1 year the fund has given a CAGR return of 4.84%.
Holdings
Mahindra Manulife Small Cap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Consumer Cyclical, Industrial, Basic Materials, Health, Financial Services, Consumer Defensive, Utilities, Tech, Communication, Real Estate. Its top holdings are APL Apollo Tubes Ltd, Bajaj Finance Ltd, CESC Ltd, Piramal Pharma Ltd, Aditya Birla Real Estate Ltd
Taxation
As it is a small-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 benefitDividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.
Investment objective of Mahindra Manulife Small Cap Fund Direct Growth
The investment objective of the Scheme is to generate long term capital appreciation by investing in a diversified portfolio of equity & equity related securities of small cap companies, 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 Small Cap Fund Direct Growth has no lock in period.
Mahindra Manulife Small Cap Fund Direct Growth Overview
| Expense ratio | 0.43% |
Benchmark | S&P BSE 250 SmallCap Index TR INR |
| AUM | ₹3464 Cr |
| Inception Date | 14 December, 2022 |
| Min Lumpsum/SIP | ₹1000/₹500 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 65.71% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (17-Apr-25)
Fund Distribution
as on (31-Mar-25)
Small cap
66.5%
Mid cap
15.6%
Large cap
12%
Sector Allocation
Consumer Cyclical
18.1%
Industrial
16.6%
Basic Materials
15.9%
Health
11.2%
Financial Services
11%
Consumer Defensive
8.2%
Utilities
6.5%
Tech
6.5%
Communication
4.4%
Real Estate
1.6%
All changes are between Jan'25 and Mar'25
- This fund’s returns stands at 8.45% whereas the fund’s underlying benchmark Nifty Smallcap 250 returns stands at 9.80% as on Mar'25
- This fund underperformed Nifty Smallcap 250 by 1.35% in Mar'25
- AUM of the fund stands at 3.5K Cr as of Mar'25
- AUM increased by 307 Cr between Mar'25 and Feb'25
Top Stocks bought last month
Radico Khaitan Ltd's allocation increased from 0.2% to 1.25%
eClerx Services Ltd's allocation increased from 1.44% to 2.02%
APL Apollo Tubes Ltd's allocation increased from 2.73% to 3.19%
Top Stocks sold last month
Bajaj Finance Ltd's allocation decreased from 3.13 % to 3 %
Aditya Birla Real Estate Ltd's allocation decreased from 2.54 % to 2.42 %
Firstsource Solutions Ltd's allocation decreased from 2.76 % to 2.24 %
Small Cap allocation has gone up from 63.8% to 66.5%
Mid Cap allocation has gone up from 13.1% to 15.6%
Large Cap allocation has gone down from 15.9% to 12%
Cash allocation has gone down from 5.8% to 4%
Top 3 Sectors in March were Industrial, Consumer Cyclical & Basic Materials
Mar'25
Consumer Cyclical
18%
Industrial
17%
Basic Materials
16%
Feb'25
Industrial
20%
Consumer Cyclical
18%
Basic Materials
14%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 APL Apollo Tubes Ltd | 3.19% | 20.9% | |
 Bajaj Finance Ltd | 3% | 0% | |
 CESC Ltd | 2.56% | 0% | |
 Piramal Pharma Ltd | 2.43% | 0% | |
 Aditya Birla Real Estate Ltd | 2.42% | -0.6% |
See all
Funds | 1Y Returns | 3Y Returns | 5Y Returns | Since Inception |
|---|---|---|---|---|
 Mahindra Manulife Small Cap Fund Direct Growth | 4.84% | - | - | 28.98% |
 Bandhan Small Cap Fund Direct Growth | 17.6% | 26.52% | 37.4% | 34.34% |
 UTI Small Cap Fund Direct Growth | 11.77% | 15.73% | - | 23.61% |
 Axis Small Cap Fund Direct Growth | 11.59% | 17.54% | 31.36% | 23.71% |
See all
Top Growth Drivers | 1M Return |
|---|---|
 CESC Ltd | 12.6% |
 Piramal Pharma Ltd | 7.7% |
 Doms Industries Ltd | 1.5% |
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Krishna Sanghavi
Fund Manager of Mahindra Manulife Small Cap Fund Direct Growth, since 24 October 2024
Top funds managed
Manish Lodha
Fund Manager of Mahindra Manulife Small Cap Fund Direct Growth, since 14 December 2022
Top funds managed
Fund House
Mahindra Manulife Investment Management Pvt. Ltd.
Total Schemes
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
Mahindra Manulife Small Cap Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 28.98% since inception which is more than its category average return of 17.38%
Fund Allocations
This fund has an allocation of 95.96% in Equity, 0% in Debt and 4.04% in Cash related instruments
AUM size ₹3464 Cr
This fund has AUM of ₹3464 Cr which is less than its category average of ₹ 9875 Cr
Expense Ratio 0.43%
This fund has an expense ratio of 0.43% which is less than its category average expense ratio of 1.28%
Frequently Asked Questions for Mahindra Manulife Small Cap Fund Direct Growth
The current NAV of Mahindra Manulife Small Cap Fund Direct Growth is ₹18.18 as on 17-Apr-2025.
Existing (Absolute + CAGR) as on 17-Apr-2025.
Mahindra Manulife Small Cap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 8.68% | 8.68% |
6 Month Returns | -16.21% | -16.21% |
1 Year Returns | 4.84% | 4.84% |
3 Years Returns | 0% | 0% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.43% as on March 2025
₹3464 Cr as on March 2025
APL Apollo Tubes Ltd(3.19%), Bajaj Finance Ltd(3%), CESC Ltd(2.56%), Piramal Pharma Ltd(2.43%), Aditya Birla Real Estate Ltd(2.42%) as on March 2025
Consumer Cyclical(17.35%), Industrial(15.89%), Basic Materials(15.22%) as on March 2025
The alpha ratio for the Mahindra Manulife Small Cap Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Mahindra Manulife Small Cap Fund Direct Growth | -1.68 | - | - |
As on March 2025
The alpha for Mahindra Manulife Small Cap Fund Direct Growth is calculated against S&P BSE 250 SmallCap Index 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 Small Cap Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Mahindra Manulife Small Cap Fund Direct Growth | 0.93 | - | - |
As on March 2025
The Beta for Mahindra Manulife Small Cap Fund Direct Growth is calculated with S&P BSE 250 SmallCap Index 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 Small 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 Small Cap Fund Direct Growth | 0.11 | - | - |
As on March 2025
The sharpe ratio for Mahindra Manulife Small Cap Fund Direct Growth is calculated with S&P BSE 250 SmallCap Index 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 Small 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 Small Cap Fund Direct Growth | 23.96 | - | - |
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.
Krishna Sanghavi, Manish Lodha are the fund managers of Mahindra Manulife Small Cap Fund Direct Growth
The Exit load of Mahindra Manulife Small Cap Fund Direct Growth is 1%