Mahindra Manulife Flexi Cap Fund Direct Growth

Fund Overview

Fund Size

₹1,590 Cr

Expense Ratio

1.00%

ISIN

INF174V01AS2

Minimum SIP

₹1,000

Exit Load

1.00%

Inception Date

23 Aug 2021

About this fund

Mahindra Manulife Flexi Cap Fund Direct Growth is a Flexi Cap mutual fund schemes offered by Mahindra Manulife Mutual Fund. This fund has been in existence for 5 years, 1 months and 9 days, having been launched on 23-Aug-21.
As of 01-Oct-26, it has a Net Asset Value (NAV) of ₹16.62, Assets Under Management (AUM) of 1589.55 Crores, and an expense ratio of 1%.

Mahindra Manulife Flexi Cap Fund Direct Growth has given a CAGR return of 10.44% since inception.
The fund's asset allocation comprises around 96.46% in equities, 0.00% in debts, and 3.52% in cash & cash equivalents.
You can start investing in Mahindra Manulife Flexi Cap Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹1000.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

-4.12%

+1.43% (Cat Avg.)

3 Years

+8.90%

+10.85% (Cat Avg.)

5 Years

+10.23%

+9.94% (Cat Avg.)

Since Inception

+10.44%

— (Cat Avg.)

Portfolio Summaryas of 31st August 2026

Equity	₹1,533.33 Cr	96.46%
Others	₹55.9 Cr	3.52%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
ICICI Bank Ltd	Equity	₹134.5 Cr	8.46%
HDFC Bank Ltd	Equity	₹59.34 Cr	3.73%
Triparty Repo	Cash - Repurchase Agreement	₹52.93 Cr	3.33%
Bajaj Finance Ltd	Equity	₹51.69 Cr	3.25%
Bharti Airtel Ltd	Equity	₹48.92 Cr	3.08%
Larsen & Toubro Ltd	Equity	₹36.79 Cr	2.31%
Eternal Ltd	Equity	₹33.79 Cr	2.13%
Kotak Mahindra Bank Ltd	Equity	₹33.13 Cr	2.08%
Axis Bank Ltd	Equity	₹33.02 Cr	2.08%
IndusInd Bank Ltd	Equity	₹30.65 Cr	1.93%
TVS Motor Co Ltd	Equity	₹30 Cr	1.89%
UNO Minda Ltd	Equity	₹29.47 Cr	1.85%
Reliance Industries Ltd	Equity	₹29.37 Cr	1.85%
The Federal Bank Ltd	Equity	₹27.64 Cr	1.74%
Sun Pharmaceuticals Industries Ltd	Equity	₹25.8 Cr	1.62%
Tech Mahindra Ltd	Equity	₹24.26 Cr	1.53%
Cochin Shipyard Ltd	Equity	₹23.41 Cr	1.47%
Coforge Ltd	Equity	₹23.03 Cr	1.45%
Torrent Pharmaceuticals Ltd	Equity	₹22.8 Cr	1.43%
Adani Ports & Special Economic Zone Ltd	Equity	₹22.3 Cr	1.40%
Tata Capital Ltd	Equity	₹22.13 Cr	1.39%
Info Edge (India) Ltd	Equity	₹22.04 Cr	1.39%
Maruti Suzuki India Ltd	Equity	₹21.95 Cr	1.38%
RBL Bank Ltd	Equity	₹21.68 Cr	1.36%
Polycab India Ltd	Equity	₹21.53 Cr	1.35%
Trent Ltd	Equity	₹21.37 Cr	1.34%
Oil & Natural Gas Corp Ltd	Equity	₹20.86 Cr	1.31%
Neuland Laboratories Ltd	Equity	₹20.71 Cr	1.30%
Shriram Finance Ltd	Equity	₹20.13 Cr	1.27%
Persistent Systems Ltd	Equity	₹19.58 Cr	1.23%
Bajaj Auto Ltd	Equity	₹19.46 Cr	1.22%
NMDC Ltd	Equity	₹19.4 Cr	1.22%
Multi Commodity Exchange of India Ltd	Equity	₹19.38 Cr	1.22%
Engineers India Ltd	Equity	₹19.12 Cr	1.20%
Titan Co Ltd	Equity	₹18.22 Cr	1.15%
Tata Power Co Ltd	Equity	₹17.87 Cr	1.12%
Anthem Biosciences Ltd	Equity	₹17.69 Cr	1.11%
Aarti Industries Ltd	Equity	₹17.57 Cr	1.11%
Godrej Properties Ltd	Equity	₹17.39 Cr	1.09%
Jubilant Ingrevia Ltd Ordinary Shares	Equity	₹16.98 Cr	1.07%
Dr. Lal PathLabs Ltd	Equity	₹16.92 Cr	1.06%
ACME Solar Holdings Ltd	Equity	₹16.88 Cr	1.06%
Grasim Industries Ltd	Equity	₹16.86 Cr	1.06%
Zydus Lifesciences Ltd	Equity	₹16.71 Cr	1.05%
Acutaas Chemicals Ltd	Equity	₹16.3 Cr	1.03%
LG Electronics India Ltd	Equity	₹15.99 Cr	1.01%
Carborundum Universal Ltd	Equity	₹15.43 Cr	0.97%
Vodafone Idea Ltd	Equity	₹14.9 Cr	0.94%
InterGlobe Aviation Ltd	Equity	₹14.66 Cr	0.92%
Tata Steel Ltd	Equity	₹14.47 Cr	0.91%
Voltas Ltd	Equity	₹14.44 Cr	0.91%
Suzlon Energy Ltd	Equity	₹14.26 Cr	0.90%
Crompton Greaves Consumer Electricals Ltd	Equity	₹14.15 Cr	0.89%
Astral Ltd	Equity	₹13.66 Cr	0.86%
Varun Beverages Ltd	Equity	₹13.62 Cr	0.86%
Aster DM Quality Care Ltd Ordinary Shares	Equity	₹13.13 Cr	0.83%
Vishal Mega Mart Ltd	Equity	₹12.75 Cr	0.80%
Belrise Industries Ltd	Equity	₹12.43 Cr	0.78%
Titagarh Rail Systems Ltd	Equity	₹12.39 Cr	0.78%
Bandhan Bank Ltd	Equity	₹12.33 Cr	0.78%
Adani Enterprises Ltd	Equity	₹12.21 Cr	0.77%
Radico Khaitan Ltd	Equity	₹12.11 Cr	0.76%
DOMS Industries Ltd	Equity	₹11.73 Cr	0.74%
MTAR Technologies Ltd	Equity	₹11.27 Cr	0.71%
Elgi Equipments Ltd	Equity	₹11.26 Cr	0.71%
Arvind Fashions Ltd	Equity	₹10.28 Cr	0.65%
Mankind Pharma Ltd	Equity	₹9.99 Cr	0.63%
Kirloskar Oil Engines Ltd	Equity	₹8.4 Cr	0.53%
Smartworks Coworking Spaces Ltd	Equity	₹8.21 Cr	0.52%
Piramal Finance Ltd	Equity	₹8.14 Cr	0.51%
Schaeffler India Ltd	Equity	₹8.03 Cr	0.51%
K.P.R. Mill Ltd	Equity	₹8 Cr	0.50%
Manipal Health Enterprises Ltd	Equity	₹6.46 Cr	0.41%
Net Receivables / (Payables)	Cash - Collateral	₹2.57 Cr	0.16%
Margin Placed With Ccil & Arcl	Cash - Repurchase Agreement	₹0.39 Cr	0.02%
Tvs Motor Company Limited	Preferred Stock	₹0.33 Cr	0.02%

Allocation By Market Cap (Equity)

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Financial Services	₹473.76 Cr	29.80%
Consumer Cyclical	₹254.33 Cr	16.00%
Industrials	₹236.2 Cr	14.86%
Healthcare	₹150.21 Cr	9.45%
Basic Materials	₹101.58 Cr	6.39%
Communication Services	₹85.86 Cr	5.40%
Technology	₹82.86 Cr	5.21%
Energy	₹62.44 Cr	3.93%
Utilities	₹34.75 Cr	2.19%
Consumer Defensive	₹25.72 Cr	1.62%
Real Estate	₹25.6 Cr	1.61%

Risk & Performance Ratios

Fund Managers

Fatema Pacha

Since August 2021

Neelesh Dhamnaskar

Since February 2026

Additional Scheme Detailsas of 31st August 2026

ISIN

INF174V01AS2

Expense Ratio

1.00%

Exit Load

1.00%

Fund Size

₹1,590 Cr

Age

5 years 1 month

Lumpsum Minimum

₹1,000

Fund Status

Open Ended Investment Company

Benchmark

Nifty 500 TR INR

Investment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

Capital Gains Taxation:

Dividend Taxation:

Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar Flexi Cap Funds

Fund name	Expense Ratio	Exit Load	Fund size	1Y
JioBlackRock Flexi Cap Fund Regular Growth Very High Risk	1.8%	0.0%	₹3274.95 Cr	-
Quantum Flexi Cap Fund Regular Growth Very High Risk	-	1.0%	-	-
Quantum Flexi Cap Fund Direct Growth Very High Risk	-	1.0%	-	-
AlphaGrep Flexi Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹50.65 Cr	-
AlphaGrep Flexi Cap Fund Regular Growth Very High Risk	2.5%	1.0%	₹50.65 Cr	-
Old Bridge Flexi Cap Fund Direct Growth Very High Risk	1.5%	1.0%	₹396.97 Cr	-
Old Bridge Flexi Cap Fund Regular Growth Very High Risk	3.0%	1.0%	₹396.97 Cr	-
Abakkus Flexi Cap Fund Direct Growth Very High Risk	0.8%	1.0%	₹7394.97 Cr	-
Abakkus Flexi Cap Fund Regular Growth Very High Risk	2.1%	1.0%	₹7394.97 Cr	-
Franklin India Multi-Factor Fund Direct Growth Very High Risk	1.1%	0.0%	₹615.86 Cr	-
Franklin India Multi-Factor Fund Regular Growth Very High Risk	2.7%	0.0%	₹615.86 Cr	-
The Wealth Company Flexi Cap Fund Direct Growth Very High Risk	1.8%	0.0%	₹250.50 Cr	-
The Wealth Company Flexi Cap Fund Regular Growth Very High Risk	3.8%	0.0%	₹250.50 Cr	-
JioBlackRock Flexi Cap Fund Direct Growth Very High Risk	1.1%	0.0%	₹3274.95 Cr	-
Capitalmind Flexi Cap Fund Direct Growth Very High Risk	1.8%	1.0%	₹476.28 Cr	3.1%
Capitalmind Flexi Cap Fund Regular Growth Very High Risk	3.2%	1.0%	₹476.28 Cr	1.7%
Unifi Flexi Cap Fund Direct Growth Very High Risk	1.5%	1.0%	₹235.94 Cr	4.7%
Unifi Flexi Cap Fund Regular Growth Very High Risk	2.7%	1.0%	₹235.94 Cr	3.4%
TrustMF Flexi Cap Fund Regular Growth Very High Risk	3.3%	1.0%	₹1041.58 Cr	4.7%
TrustMF Flexi Cap Fund Direct Growth Very High Risk	1.8%	1.0%	₹1041.58 Cr	6.4%
Helios Flexi Cap Fund Direct Growth Very High Risk	0.8%	1.0%	₹8747.55 Cr	1.6%
Helios Flexi Cap Fund Regular Growth Very High Risk	2.1%	1.0%	₹8747.55 Cr	0.3%
NJ Flexi Cap Fund Regular Growth Very High Risk	2.3%	0.0%	₹2696.50 Cr	-6.8%
NJ Flexi Cap Fund Direct Growth Very High Risk	0.9%	0.0%	₹2696.50 Cr	-5.4%
Shriram Flexi Cap Fund Regular Growth Very High Risk	2.6%	1.0%	₹130.73 Cr	-6.4%
Shriram Flexi Cap Fund Direct Growth Very High Risk	1.1%	1.0%	₹130.73 Cr	-4.9%
LIC MF Flexi Cap Fund Direct Growth Very High Risk	1.9%	1.0%	₹1125.39 Cr	0.7%
Kotak Flexicap Fund Direct Growth Very High Risk	0.7%	1.0%	₹56392.25 Cr	-3.8%
Bandhan Flexi Cap Fund Direct Growth Very High Risk	1.5%	1.0%	₹7508.00 Cr	-3.3%
Union Flexi Cap Fund Regular Growth Very High Risk	2.6%	1.0%	₹2452.32 Cr	-1.4%
JM Flexicap Fund Direct Growth Very High Risk	1.1%	1.0%	₹5290.61 Cr	-0.4%
ICICI Prudential Flexicap Fund Regular Growth Very High Risk	1.7%	1.0%	₹25894.53 Cr	0.9%
ICICI Prudential Flexicap Fund Direct Growth Very High Risk	0.9%	1.0%	₹25894.53 Cr	1.8%
Edelweiss Flexi Cap Fund Regular Growth Very High Risk	2.1%	1.0%	₹3698.06 Cr	-3.2%
Edelweiss Flexi Cap Fund Direct Growth Very High Risk	0.8%	1.0%	₹3698.06 Cr	-1.8%
Axis Flexi Cap Fund Regular Growth Very High Risk	1.8%	0.0%	₹13942.88 Cr	1.9%
Axis Flexi Cap Fund Direct Growth Very High Risk	0.8%	0.0%	₹13942.88 Cr	3.0%
Navi Flexi Cap Fund Direct Growth Very High Risk	0.7%	0.0%	₹297.31 Cr	7.5%
Navi Flexi Cap Fund Regular Growth Very High Risk	2.6%	0.0%	₹297.31 Cr	5.6%
360 ONE Flexicap Fund Regular Growth Very High Risk	2.0%	1.0%	₹2249.87 Cr	6.4%
360 ONE Flexicap Fund Direct Growth Very High Risk	0.6%	1.0%	₹2249.87 Cr	8.0%
Sundaram Flexi Cap Fund Regular Growth Very High Risk	2.1%	1.0%	₹1962.63 Cr	-8.2%
Sundaram Flexi Cap Fund Direct Growth Very High Risk	0.8%	1.0%	₹1962.63 Cr	-7.0%
Mahindra Manulife Flexi Cap Fund Regular Growth Very High Risk	2.5%	1.0%	₹1589.55 Cr	-5.6%
DSP Flexi Cap Fund Regular Growth Very High Risk	1.9%	1.0%	₹12500.27 Cr	-4.2%
Bank of India Flexi Cap Fund Regular Growth Very High Risk	2.3%	1.0%	₹2953.00 Cr	7.8%
Mahindra Manulife Flexi Cap Fund Direct Growth Very High Risk	1.0%	1.0%	₹1589.55 Cr	-4.1%
Nippon India Flexi Cap Fund Regular Growth Very High Risk	1.8%	1.0%	₹9822.45 Cr	-4.4%
Bank of India Flexi Cap Fund Direct Growth Very High Risk	0.9%	1.0%	₹2953.00 Cr	9.3%
Nippon India Flexi Cap Fund Direct Growth Very High Risk	0.7%	1.0%	₹9822.45 Cr	-3.2%

About the AMC

Mahindra Manulife Mutual Fund

022-66327900

https://www.mahindramanulife.com/

Total AUM

₹39,084 Cr

Address

570 P. B. Marg, Worli, Mumbai 400018, Mumbai, 400018

Other Funds by Mahindra Manulife Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Mahindra Manulife Innovation Opportunities Fund Direct Growth Very High Risk	0.9%	0.0%	₹262.96 Cr	-
Mahindra Manulife Income Plus Arbitrage Active FOF Direct Growth Moderate Risk	0.2%	0.0%	₹12.78 Cr	-
Mahindra Manulife Banking & Financial Services Fund Direct Growth Very High Risk	1.2%	0.0%	₹477.42 Cr	3.0%
Mahindra Manulife Value Fund Direct Growth Very High Risk	1.0%	0.0%	₹1028.62 Cr	7.3%
Mahindra Manulife Manufacturing Fund Direct Growth Very High Risk	1.2%	0.0%	₹684.43 Cr	6.2%
Mahindra Manulife Multi Asset Allocation Fund Direct Growth Very High Risk	0.6%	0.0%	₹1234.81 Cr	8.3%
Mahindra Manulife Business Cycle Fund Direct Growth Very High Risk	0.9%	1.0%	₹1364.42 Cr	3.9%
Mahindra Manulife Large Cap Fund Direct Growth Very High Risk	1.1%	1.0%	₹695.06 Cr	-7.3%
Mahindra Manulife Liquid Fund Direct Growth Moderate Risk	0.1%	0.0%	₹1392.28 Cr	6.5%
Mahindra Manulife Large & Mid Cap Fund Direct Growth Very High Risk	0.9%	1.0%	₹2929.22 Cr	2.1%
Mahindra Manulife ELSS Fund Direct Growth Very High Risk	1.1%	0.0%	₹894.74 Cr	-7.4%
Mahindra Manulife Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹76.89 Cr	5.2%
Mahindra Manulife Small Cap Fund Direct Growth Very High Risk	1.0%	1.0%	₹5467.66 Cr	15.6%
Mahindra Manulife Flexi Cap Fund Direct Growth Very High Risk	1.0%	1.0%	₹1589.55 Cr	-4.1%
Mahindra Manulife Consumption Fund Direct Growth Very High Risk	1.1%	1.0%	₹489.39 Cr	-9.1%
Mahindra Manulife Focused Fund Direct Growth Very High Risk	0.8%	1.0%	₹2108.86 Cr	-4.3%
Mahindra Manulife Asia Pacific REITs FOF Direct Growth Very High Risk	0.5%	1.0%	₹41.50 Cr	2.4%
Mahindra Manulife Equity Savings Fund Direct Growth Moderately High risk	1.3%	1.0%	₹530.31 Cr	4.3%
Mahindra Manulife Multi Cap Fund Direct Growth Very High Risk	0.9%	1.0%	₹7662.34 Cr	10.0%
Mahindra Manulife Dynamic Bond Fund Direct Growth Moderately High risk	0.4%	0.0%	₹49.18 Cr	4.4%
Mahindra Manulife Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹221.94 Cr	6.6%
Mahindra Manulife Short Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹81.27 Cr	5.6%
Mahindra Manulife Mid Cap Fund Direct Growth Very High Risk	0.8%	1.0%	₹5406.37 Cr	5.1%
Mahindra Manulife Arbitrage Fund Direct Growth Low Risk	1.2%	0.0%	₹134.02 Cr	6.3%
Mahindra Manulife Low Duration Fund Direct Growth Moderate Risk	0.3%	0.0%	₹534.58 Cr	6.3%
Mahindra Manulife Aggressive Hybrid Fund Direct Growth Very High Risk	0.9%	1.0%	₹2790.82 Cr	-4.2%
Mahindra Manulife Balanced Advantage Fund Direct Growth Very High Risk	0.8%	1.0%	₹922.99 Cr	1.6%

Risk Level

Your principal amount will be at Very High Risk

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Still got questions?
We're here to help.

What is the current NAV of Mahindra Manulife Flexi Cap Fund Direct Growth?

The NAV of Mahindra Manulife Flexi Cap Fund Direct Growth, as of 01-Oct-2026, is ₹16.62.

What are the returns of Mahindra Manulife Flexi Cap Fund Direct Growth?

The fund has generated -4.12% over the last 1 year and 8.90% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.

What is the portfolio composition of Mahindra Manulife Flexi Cap Fund Direct Growth?

The fund's allocation of assets is distributed as 96.46% in equities, 0.00% in bonds, and 3.52% in cash and cash equivalents.

Who manages the Mahindra Manulife Flexi Cap Fund Direct Growth?

The fund managers responsible for Mahindra Manulife Flexi Cap Fund Direct Growth are:-

Fatema Pacha
Neelesh Dhamnaskar

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

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Mahindra Manulife Flexi Cap Fund Direct Growth

Fund Overview