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Fund Overview
Fund Size
₹1,578 Cr
Expense Ratio
1.06%
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 and 5 days, having been launched on 23-Aug-21.
As of 27-Aug-26, it has a Net Asset Value (NAV) of ₹17.69, Assets Under Management (AUM) of 1577.58 Crores, and an expense ratio of 1.06%.
As of 27-Aug-26, it has a Net Asset Value (NAV) of ₹17.69, Assets Under Management (AUM) of 1577.58 Crores, and an expense ratio of 1.06%.
- Mahindra Manulife Flexi Cap Fund Direct Growth has given a CAGR return of 12.04% since inception.
- The fund's asset allocation comprises around 95.64% in equities, 0.00% in debts, and 4.34% 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
+2.40%
+6.08% (Cat Avg.)
3 Years
+12.17%
+13.84% (Cat Avg.)
5 Years
+12.06%
+12.36% (Cat Avg.)
Since Inception
+12.04%
— (Cat Avg.)
Portfolio Summaryas of 31st July 2026
| Equity | ₹1,508.77 Cr | 95.64% |
| Others | ₹68.49 Cr | 4.34% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| ICICI Bank Ltd | Equity | ₹132.77 Cr | 8.42% |
| HDFC Bank Ltd | Equity | ₹62.62 Cr | 3.97% |
| Bajaj Finance Ltd | Equity | ₹55.8 Cr | 3.54% |
| Bharti Airtel Ltd | Equity | ₹53.24 Cr | 3.38% |
| Triparty Repo | Cash - Repurchase Agreement | ₹45.89 Cr | 2.91% |
| Kotak Mahindra Bank Ltd | Equity | ₹41.76 Cr | 2.65% |
| Larsen & Toubro Ltd | Equity | ₹35.82 Cr | 2.27% |
| Axis Bank Ltd | Equity | ₹31.23 Cr | 1.98% |
| Eternal Ltd | Equity | ₹31.15 Cr | 1.97% |
| IndusInd Bank Ltd | Equity | ₹30.53 Cr | 1.94% |
| Reliance Industries Ltd | Equity | ₹30.08 Cr | 1.91% |
| TVS Motor Co Ltd | Equity | ₹29.8 Cr | 1.89% |
| UNO Minda Ltd | Equity | ₹27.27 Cr | 1.73% |
| Sun Pharmaceuticals Industries Ltd | Equity | ₹25.88 Cr | 1.64% |
| Tech Mahindra Ltd | Equity | ₹24.6 Cr | 1.56% |
| Adani Ports & Special Economic Zone Ltd | Equity | ₹23.75 Cr | 1.51% |
| Maruti Suzuki India Ltd | Equity | ₹23.06 Cr | 1.46% |
| Torrent Pharmaceuticals Ltd | Equity | ₹23.05 Cr | 1.46% |
| Trent Ltd | Equity | ₹22.31 Cr | 1.41% |
| Net Receivables / (Payables) | Cash | ₹22.21 Cr | 1.41% |
| Cochin Shipyard Ltd | Equity | ₹22.06 Cr | 1.40% |
| Tata Capital Ltd | Equity | ₹21.98 Cr | 1.39% |
| Oil & Natural Gas Corp Ltd | Equity | ₹21.83 Cr | 1.38% |
| RBL Bank Ltd | Equity | ₹21.4 Cr | 1.36% |
| Infosys Ltd | Equity | ₹21.23 Cr | 1.35% |
| Polycab India Ltd | Equity | ₹20.76 Cr | 1.32% |
| Info Edge (India) Ltd | Equity | ₹20.58 Cr | 1.30% |
| Avenue Supermarts Ltd | Equity | ₹19.8 Cr | 1.26% |
| Tata Power Co Ltd | Equity | ₹19.61 Cr | 1.24% |
| The Federal Bank Ltd | Equity | ₹19.56 Cr | 1.24% |
| Persistent Systems Ltd | Equity | ₹19.42 Cr | 1.23% |
| Shriram Finance Ltd | Equity | ₹18.98 Cr | 1.20% |
| NMDC Ltd | Equity | ₹18.71 Cr | 1.19% |
| Jubilant Ingrevia Ltd Ordinary Shares | Equity | ₹18.51 Cr | 1.17% |
| Bajaj Auto Ltd | Equity | ₹18.48 Cr | 1.17% |
| Godrej Properties Ltd | Equity | ₹18.18 Cr | 1.15% |
| Titan Co Ltd | Equity | ₹17.4 Cr | 1.10% |
| Neuland Laboratories Ltd | Equity | ₹17.14 Cr | 1.09% |
| Dr. Lal PathLabs Ltd | Equity | ₹16.67 Cr | 1.06% |
| Aarti Industries Ltd | Equity | ₹16.38 Cr | 1.04% |
| Engineers India Ltd | Equity | ₹16.23 Cr | 1.03% |
| Zydus Lifesciences Ltd | Equity | ₹16.21 Cr | 1.03% |
| Voltas Ltd | Equity | ₹16.07 Cr | 1.02% |
| Anthem Biosciences Ltd | Equity | ₹16.03 Cr | 1.02% |
| Crompton Greaves Consumer Electricals Ltd | Equity | ₹15.61 Cr | 0.99% |
| Grasim Industries Ltd | Equity | ₹15.5 Cr | 0.98% |
| Multi Commodity Exchange of India Ltd | Equity | ₹15.35 Cr | 0.97% |
| ACME Solar Holdings Ltd | Equity | ₹15.23 Cr | 0.97% |
| Varun Beverages Ltd | Equity | ₹15.04 Cr | 0.95% |
| Tata Steel Ltd | Equity | ₹14.89 Cr | 0.94% |
| Carborundum Universal Ltd | Equity | ₹14.84 Cr | 0.94% |
| InterGlobe Aviation Ltd | Equity | ₹14.48 Cr | 0.92% |
| Suzlon Energy Ltd | Equity | ₹14.4 Cr | 0.91% |
| Aster DM Quality Care Ltd Ordinary Shares | Equity | ₹14.28 Cr | 0.91% |
| LG Electronics India Ltd | Equity | ₹14.04 Cr | 0.89% |
| Vodafone Idea Ltd | Equity | ₹13.53 Cr | 0.86% |
| Bandhan Bank Ltd | Equity | ₹13.13 Cr | 0.83% |
| Astral Ltd | Equity | ₹13 Cr | 0.82% |
| Adani Enterprises Ltd | Equity | ₹12.85 Cr | 0.81% |
| Belrise Industries Ltd | Equity | ₹12.66 Cr | 0.80% |
| Titagarh Rail Systems Ltd | Equity | ₹12.5 Cr | 0.79% |
| Vishal Mega Mart Ltd | Equity | ₹12.34 Cr | 0.78% |
| DOMS Industries Ltd | Equity | ₹11.87 Cr | 0.75% |
| Elgi Equipments Ltd | Equity | ₹10.23 Cr | 0.65% |
| Arvind Fashions Ltd | Equity | ₹10.22 Cr | 0.65% |
| Mankind Pharma Ltd | Equity | ₹10.19 Cr | 0.65% |
| MTAR Technologies Ltd | Equity | ₹9.16 Cr | 0.58% |
| Kirloskar Oil Engines Ltd | Equity | ₹8.76 Cr | 0.56% |
| Coforge Ltd | Equity | ₹8.61 Cr | 0.55% |
| Schaeffler India Ltd | Equity | ₹8.16 Cr | 0.52% |
| Radico Khaitan Ltd | Equity | ₹7.81 Cr | 0.50% |
| K.P.R. Mill Ltd | Equity | ₹7.13 Cr | 0.45% |
| Manipal Health Enterprises Ltd | Equity | ₹5 Cr | 0.32% |
| Margin Placed With Ccil & Arcl | Cash - Repurchase Agreement | ₹0.39 Cr | 0.02% |
| Tvs Motor Company Limited | Preferred Stock | ₹0.32 Cr | 0.02% |
Allocation By Market Cap (Equity)
Large Cap Stocks
57.89%
Mid Cap Stocks
21.73%
Small Cap Stocks
15.70%
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹465.12 Cr | 29.48% |
| Consumer Cyclical | ₹251.67 Cr | 15.95% |
| Industrials | ₹227.86 Cr | 14.44% |
| Healthcare | ₹144.45 Cr | 9.16% |
| Technology | ₹87.9 Cr | 5.57% |
| Communication Services | ₹87.35 Cr | 5.54% |
| Basic Materials | ₹84 Cr | 5.32% |
| Energy | ₹64.76 Cr | 4.10% |
| Consumer Defensive | ₹42.65 Cr | 2.70% |
| Utilities | ₹34.84 Cr | 2.21% |
| Real Estate | ₹18.18 Cr | 1.15% |
Risk & Performance Ratios
Standard Deviation
This fund
14.38%
Cat. avg.
15.55%
Lower the better
Sharpe Ratio
This fund
0.41
Cat. avg.
0.46
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
0.68
Higher the better
Fund Managers
Fatema Pacha
Since August 2021
ND
Neelesh Dhamnaskar
Since February 2026
Additional Scheme Detailsas of 31st July 2026
ISIN INF174V01AS2 | Expense Ratio 1.06% | Exit Load 1.00% | Fund Size ₹1,578 Cr | Age 5 years | 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
About the AMC
Mahindra Manulife Mutual Fund
Total AUM
₹35,080 Cr
Address
570 P. B. Marg, Worli, Mumbai 400018, Mumbai, 400018
Other Funds by Mahindra Manulife Mutual Fund
Risk Level
Your principal amount will be at Very High Risk
Take control of your wealth
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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 27-Aug-2026, is ₹17.69.
What are the returns of Mahindra Manulife Flexi Cap Fund Direct Growth?
The fund has generated 2.40% over the last 1 year and 12.17% 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 95.64% in equities, 0.00% in bonds, and 4.34% 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
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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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Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Pvt. Ltd. is a Portfolio Manager with SEBI Registration no. INP000007377, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
