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Mahindra Manulife Large & Mid Cap Fund Direct Growth
EquityLarge & Mid-CapVery High Risk
Direct
NAV (17-Jun-26)
₹30.020.50%1D
Returns (Since Inception)
18.53%
Rated ★4.3+ on 
Fund Overview
Fund Size
₹2,717 Cr
Expense Ratio
0.44%
ISIN
INF174V01945
Minimum SIP
₹1,000
Exit Load
1.00%
Inception Date
01 Jan 2020
About this fund
Mahindra Manulife Large & Mid Cap Fund Direct Growth is a Large & Mid-Cap mutual fund schemes offered by Mahindra Manulife Mutual Fund. This fund has been in existence for 6 years, 5 months and 17 days, having been launched on 01-Jan-20.
As of 17-Jun-26, it has a Net Asset Value (NAV) of ₹30.02, Assets Under Management (AUM) of 2717.27 Crores, and an expense ratio of 0.44%.
As of 17-Jun-26, it has a Net Asset Value (NAV) of ₹30.02, Assets Under Management (AUM) of 2717.27 Crores, and an expense ratio of 0.44%.
- Mahindra Manulife Large & Mid Cap Fund Direct Growth has given a CAGR return of 18.53% since inception.
- The fund's asset allocation comprises around 95.53% in equities, 0.00% in debts, and 4.47% in cash & cash equivalents.
- You can start investing in Mahindra Manulife Large & Mid 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
+1.67%
+1.75% (Cat Avg.)
3 Years
+14.97%
+15.89% (Cat Avg.)
5 Years
+14.94%
+14.34% (Cat Avg.)
Since Inception
+18.53%
— (Cat Avg.)
Portfolio Summaryas of 31st May 2026
| Equity | ₹2,595.81 Cr | 95.53% |
| Others | ₹121.46 Cr | 4.47% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Triparty Repo | Cash - Repurchase Agreement | ₹110.1 Cr | 4.05% |
| ICICI Bank Ltd | Equity | ₹102.15 Cr | 3.76% |
| HDFC Bank Ltd | Equity | ₹83.97 Cr | 3.09% |
| IndusInd Bank Ltd | Equity | ₹71.22 Cr | 2.62% |
| Axis Bank Ltd | Equity | ₹70.76 Cr | 2.60% |
| The Federal Bank Ltd | Equity | ₹69.06 Cr | 2.54% |
| Reliance Industries Ltd | Equity | ₹68.04 Cr | 2.50% |
| Glenmark Pharmaceuticals Ltd | Equity | ₹63.39 Cr | 2.33% |
| Bharat Heavy Electricals Ltd | Equity | ₹62.51 Cr | 2.30% |
| Eternal Ltd | Equity | ₹58.51 Cr | 2.15% |
| Indus Towers Ltd Ordinary Shares | Equity | ₹57.2 Cr | 2.11% |
| Jindal Steel Ltd | Equity | ₹56.62 Cr | 2.08% |
| Senores Pharmaceuticals Ltd | Equity | ₹56.56 Cr | 2.08% |
| State Bank of India | Equity | ₹54.97 Cr | 2.02% |
| UltraTech Cement Ltd | Equity | ₹53.74 Cr | 1.98% |
| Divi's Laboratories Ltd | Equity | ₹51.34 Cr | 1.89% |
| Larsen & Toubro Ltd | Equity | ₹50.96 Cr | 1.88% |
| JSW Energy Ltd | Equity | ₹50.58 Cr | 1.86% |
| Laurus Labs Ltd | Equity | ₹47.67 Cr | 1.75% |
| Bajaj Auto Ltd | Equity | ₹47.28 Cr | 1.74% |
| Oil & Natural Gas Corp Ltd | Equity | ₹45.28 Cr | 1.67% |
| Mahindra & Mahindra Ltd | Equity | ₹44.47 Cr | 1.64% |
| Neuland Laboratories Ltd | Equity | ₹42.2 Cr | 1.55% |
| Aditya Birla Capital Ltd | Equity | ₹38.4 Cr | 1.41% |
| Bharat Electronics Ltd | Equity | ₹37.99 Cr | 1.40% |
| Bharti Hexacom Ltd | Equity | ₹37.99 Cr | 1.40% |
| Indian Bank | Equity | ₹37.49 Cr | 1.38% |
| Tech Mahindra Ltd | Equity | ₹36.96 Cr | 1.36% |
| Bosch Ltd | Equity | ₹36.59 Cr | 1.35% |
| IDFC First Bank Ltd | Equity | ₹36.37 Cr | 1.34% |
| Polycab India Ltd | Equity | ₹35.54 Cr | 1.31% |
| ICICI Lombard General Insurance Co Ltd | Equity | ₹35.31 Cr | 1.30% |
| Mphasis Ltd | Equity | ₹34.29 Cr | 1.26% |
| Phoenix Mills Ltd | Equity | ₹33.65 Cr | 1.24% |
| HDFC Asset Management Co Ltd | Equity | ₹33.16 Cr | 1.22% |
| Delhivery Ltd | Equity | ₹32.43 Cr | 1.19% |
| Apollo Hospitals Enterprise Ltd | Equity | ₹31.89 Cr | 1.17% |
| Shriram Finance Ltd | Equity | ₹31.45 Cr | 1.16% |
| Titan Co Ltd | Equity | ₹31.38 Cr | 1.15% |
| Persistent Systems Ltd | Equity | ₹30.91 Cr | 1.14% |
| Multi Commodity Exchange of India Ltd | Equity | ₹30.43 Cr | 1.12% |
| Vishal Mega Mart Ltd | Equity | ₹29.77 Cr | 1.10% |
| Solar Industries India Ltd | Equity | ₹29.38 Cr | 1.08% |
| Infosys Ltd | Equity | ₹29.06 Cr | 1.07% |
| Maruti Suzuki India Ltd | Equity | ₹28.88 Cr | 1.06% |
| UNO Minda Ltd | Equity | ₹28.42 Cr | 1.05% |
| Bajaj Finserv Ltd | Equity | ₹28.34 Cr | 1.04% |
| InterGlobe Aviation Ltd | Equity | ₹28.28 Cr | 1.04% |
| Radico Khaitan Ltd | Equity | ₹27.8 Cr | 1.02% |
| PB Fintech Ltd | Equity | ₹27.58 Cr | 1.02% |
| SRF Ltd | Equity | ₹26.61 Cr | 0.98% |
| CRISIL Ltd | Equity | ₹25.19 Cr | 0.93% |
| Aarti Industries Ltd | Equity | ₹25.18 Cr | 0.93% |
| Tube Investments of India Ltd Ordinary Shares | Equity | ₹25.13 Cr | 0.92% |
| Global Health Ltd | Equity | ₹23.57 Cr | 0.87% |
| Britannia Industries Ltd | Equity | ₹23.42 Cr | 0.86% |
| PTC Industries Ltd | Equity | ₹23.15 Cr | 0.85% |
| Aditya Birla Sun Life AMC Ltd | Equity | ₹22.88 Cr | 0.84% |
| Blackbuck Ltd | Equity | ₹22.38 Cr | 0.82% |
| Coal India Ltd | Equity | ₹22.21 Cr | 0.82% |
| Torrent Pharmaceuticals Ltd | Equity | ₹21.91 Cr | 0.81% |
| IIFL Finance Ltd | Equity | ₹21.83 Cr | 0.80% |
| Max Financial Services Ltd | Equity | ₹21.43 Cr | 0.79% |
| L&T Finance Ltd | Equity | ₹21.29 Cr | 0.78% |
| Blue Star Ltd | Equity | ₹19.86 Cr | 0.73% |
| APL Apollo Tubes Ltd | Equity | ₹18.86 Cr | 0.69% |
| Hindustan Aeronautics Ltd Ordinary Shares | Equity | ₹15.06 Cr | 0.55% |
| Sai Life Sciences Ltd | Equity | ₹14.5 Cr | 0.53% |
| Swiggy Ltd | Equity | ₹13.16 Cr | 0.48% |
| Net Receivables / (Payables) | Cash - Collateral | ₹10.42 Cr | 0.38% |
| Margin Placed With Ccil & Arcl | Cash - Repurchase Agreement | ₹0.95 Cr | 0.03% |
Allocation By Market Cap (Equity)
Large Cap Stocks
45.37%
Mid Cap Stocks
40.55%
Small Cap Stocks
9.61%
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹863.27 Cr | 31.77% |
| Industrials | ₹357.54 Cr | 13.16% |
| Healthcare | ₹353.02 Cr | 12.99% |
| Consumer Cyclical | ₹318.46 Cr | 11.72% |
| Basic Materials | ₹183.77 Cr | 6.76% |
| Technology | ₹153.59 Cr | 5.65% |
| Energy | ₹135.53 Cr | 4.99% |
| Communication Services | ₹95.19 Cr | 3.50% |
| Consumer Defensive | ₹51.22 Cr | 1.88% |
| Utilities | ₹50.58 Cr | 1.86% |
| Real Estate | ₹33.65 Cr | 1.24% |
Risk & Performance Ratios
Standard Deviation
This fund
15.62%
Cat. avg.
16.33%
Lower the better
Sharpe Ratio
This fund
0.62
Cat. avg.
0.63
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
0.96
Higher the better
Fund Managers
ND
Neelesh Dhamnaskar
Since February 2026
KD
Kirti Dalvi
Since December 2025
Additional Scheme Detailsas of 31st May 2026
ISIN INF174V01945 | Expense Ratio 0.44% | Exit Load 1.00% | Fund Size ₹2,717 Cr | Age 6 years 5 months | Lumpsum Minimum ₹1,000 | Fund Status Open Ended Investment Company | Benchmark Nifty LargeMidcap 250 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 Large & Mid-Cap Funds
About the AMC
Mahindra Manulife Mutual Fund
Total AUM
₹34,537 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
Related Articles
Still got questions?
We're here to help.
What is the current NAV of Mahindra Manulife Large & Mid Cap Fund Direct Growth?
The NAV of Mahindra Manulife Large & Mid Cap Fund Direct Growth, as of 17-Jun-2026, is ₹30.02.
What are the returns of Mahindra Manulife Large & Mid Cap Fund Direct Growth?
The fund has generated 1.67% over the last 1 year and 14.97% 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 Large & Mid Cap Fund Direct Growth?
The fund's allocation of assets is distributed as 95.53% in equities, 0.00% in bonds, and 4.47% in cash and cash equivalents.
Who manages the Mahindra Manulife Large & Mid Cap Fund Direct Growth?
The fund managers responsible for Mahindra Manulife Large & Mid Cap Fund Direct Growth are:-
- Neelesh Dhamnaskar
- Kirti Dalvi
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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.
