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Mahindra Manulife Large & Mid Cap Fund Direct Growth
EquityLarge & Mid-CapVery High Risk
Direct
NAV (23-Sep-26)
₹31.500.72%1D
Returns (Since Inception)
18.57%
Rated ★4.3+ on 
Fund Overview
Fund Size
₹2,929 Cr
Expense Ratio
0.86%
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, 8 months and 23 days, having been launched on 01-Jan-20.
As of 23-Sep-26, it has a Net Asset Value (NAV) of ₹31.50, Assets Under Management (AUM) of 2929.22 Crores, and an expense ratio of 0.86%.
As of 23-Sep-26, it has a Net Asset Value (NAV) of ₹31.50, Assets Under Management (AUM) of 2929.22 Crores, and an expense ratio of 0.86%.
- Mahindra Manulife Large & Mid Cap Fund Direct Growth has given a CAGR return of 18.57% since inception.
- The fund's asset allocation comprises around 96.82% in equities, 0.00% in debts, and 3.18% 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
+5.76%
+1.68% (Cat Avg.)
3 Years
+13.02%
+13.73% (Cat Avg.)
5 Years
+12.78%
+12.22% (Cat Avg.)
Since Inception
+18.57%
— (Cat Avg.)
Portfolio Summaryas of 31st August 2026
| Equity | ₹2,836.17 Cr | 96.82% |
| Others | ₹93.05 Cr | 3.18% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| ICICI Bank Ltd | Equity | ₹132.75 Cr | 4.53% |
| The Federal Bank Ltd | Equity | ₹85.25 Cr | 2.91% |
| Axis Bank Ltd | Equity | ₹81.9 Cr | 2.80% |
| Triparty Repo | Cash - Repurchase Agreement | ₹80.1 Cr | 2.73% |
| IndusInd Bank Ltd | Equity | ₹79.19 Cr | 2.70% |
| Eternal Ltd | Equity | ₹76.61 Cr | 2.62% |
| HDFC Bank Ltd | Equity | ₹74.64 Cr | 2.55% |
| Glenmark Pharmaceuticals Ltd | Equity | ₹69.11 Cr | 2.36% |
| Laurus Labs Ltd | Equity | ₹62.17 Cr | 2.12% |
| Senores Pharmaceuticals Ltd | Equity | ₹61.55 Cr | 2.10% |
| Larsen & Toubro Ltd | Equity | ₹58.65 Cr | 2.00% |
| Reliance Industries Ltd | Equity | ₹57.34 Cr | 1.96% |
| Neuland Laboratories Ltd | Equity | ₹56.82 Cr | 1.94% |
| Jindal Steel Ltd | Equity | ₹55.95 Cr | 1.91% |
| Bajaj Auto Ltd | Equity | ₹53.6 Cr | 1.83% |
| Bharat Heavy Electricals Ltd | Equity | ₹53.38 Cr | 1.82% |
| Aditya Birla Capital Ltd | Equity | ₹52.48 Cr | 1.79% |
| Polycab India Ltd | Equity | ₹51.95 Cr | 1.77% |
| Multi Commodity Exchange of India Ltd | Equity | ₹50.32 Cr | 1.72% |
| Divi's Laboratories Ltd | Equity | ₹50.18 Cr | 1.71% |
| Bosch Ltd | Equity | ₹49.96 Cr | 1.71% |
| Bharti Hexacom Ltd | Equity | ₹48.96 Cr | 1.67% |
| Mahindra & Mahindra Ltd | Equity | ₹47.92 Cr | 1.64% |
| State Bank of India | Equity | ₹47.7 Cr | 1.63% |
| Shriram Finance Ltd | Equity | ₹46.84 Cr | 1.60% |
| Oil & Natural Gas Corp Ltd | Equity | ₹45.85 Cr | 1.57% |
| IDFC First Bank Ltd | Equity | ₹43.84 Cr | 1.50% |
| Phoenix Mills Ltd | Equity | ₹43.13 Cr | 1.47% |
| Solar Industries India Ltd | Equity | ₹40.42 Cr | 1.38% |
| JSW Energy Ltd | Equity | ₹40.33 Cr | 1.38% |
| Titan Co Ltd | Equity | ₹39.29 Cr | 1.34% |
| Torrent Pharmaceuticals Ltd | Equity | ₹36.81 Cr | 1.26% |
| PB Fintech Ltd | Equity | ₹36.75 Cr | 1.25% |
| GE Vernova T&D India Ltd | Equity | ₹36.45 Cr | 1.24% |
| UNO Minda Ltd | Equity | ₹35.98 Cr | 1.23% |
| Radico Khaitan Ltd | Equity | ₹35.43 Cr | 1.21% |
| Apollo Hospitals Enterprise Ltd | Equity | ₹34.7 Cr | 1.18% |
| Bharat Electronics Ltd | Equity | ₹34.19 Cr | 1.17% |
| Tech Mahindra Ltd | Equity | ₹34.03 Cr | 1.16% |
| Coforge Ltd | Equity | ₹33.75 Cr | 1.15% |
| InterGlobe Aviation Ltd | Equity | ₹33.6 Cr | 1.15% |
| Bajaj Finance Ltd | Equity | ₹32.77 Cr | 1.12% |
| Delhivery Ltd | Equity | ₹32.71 Cr | 1.12% |
| Global Health Ltd | Equity | ₹32.29 Cr | 1.10% |
| One97 Communications Ltd | Equity | ₹32.05 Cr | 1.09% |
| L&T Finance Ltd | Equity | ₹31.87 Cr | 1.09% |
| IIFL Finance Ltd | Equity | ₹30.24 Cr | 1.03% |
| JK Cement Ltd | Equity | ₹29.61 Cr | 1.01% |
| Persistent Systems Ltd | Equity | ₹28.81 Cr | 0.98% |
| 360 One Wam Ltd Ordinary Shares | Equity | ₹27.97 Cr | 0.95% |
| Aarti Industries Ltd | Equity | ₹27.79 Cr | 0.95% |
| Adani Enterprises Ltd | Equity | ₹27.74 Cr | 0.95% |
| Marico Ltd | Equity | ₹27.55 Cr | 0.94% |
| Vishal Mega Mart Ltd | Equity | ₹27.05 Cr | 0.92% |
| Blackbuck Ltd | Equity | ₹26.02 Cr | 0.89% |
| Mphasis Ltd | Equity | ₹24.19 Cr | 0.83% |
| Belrise Industries Ltd | Equity | ₹24.13 Cr | 0.82% |
| APL Apollo Tubes Ltd | Equity | ₹22.9 Cr | 0.78% |
| Cochin Shipyard Ltd | Equity | ₹22.65 Cr | 0.77% |
| Aditya Birla Sun Life AMC Ltd | Equity | ₹22.61 Cr | 0.77% |
| Indian Bank | Equity | ₹22.38 Cr | 0.76% |
| UltraTech Cement Ltd | Equity | ₹22.1 Cr | 0.75% |
| Prestige Estates Projects Ltd | Equity | ₹20.9 Cr | 0.71% |
| Max Financial Services Ltd | Equity | ₹20.14 Cr | 0.69% |
| PTC Industries Ltd | Equity | ₹18.35 Cr | 0.63% |
| Blue Star Ltd | Equity | ₹18.3 Cr | 0.62% |
| Sai Life Sciences Ltd | Equity | ₹18.25 Cr | 0.62% |
| Hindustan Aeronautics Ltd Ordinary Shares | Equity | ₹16.81 Cr | 0.57% |
| Swiggy Ltd | Equity | ₹14.39 Cr | 0.49% |
| Net Receivables / (Payables) | Cash - Collateral | ₹12.39 Cr | 0.42% |
| Adani Ports & Special Economic Zone Ltd | Equity | ₹11.95 Cr | 0.41% |
| Acutaas Chemicals Ltd | Equity | ₹11.85 Cr | 0.40% |
| Margin Placed With Ccil & Arcl | Cash - Repurchase Agreement | ₹0.57 Cr | 0.02% |
Allocation By Market Cap (Equity)
Large Cap Stocks
45.13%
Mid Cap Stocks
39.31%
Small Cap Stocks
12.38%
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹919.64 Cr | 31.40% |
| Healthcare | ₹421.89 Cr | 14.40% |
| Industrials | ₹388.99 Cr | 13.28% |
| Consumer Cyclical | ₹368.93 Cr | 12.59% |
| Basic Materials | ₹210.62 Cr | 7.19% |
| Technology | ₹178.86 Cr | 6.11% |
| Energy | ₹130.93 Cr | 4.47% |
| Real Estate | ₹64.03 Cr | 2.19% |
| Consumer Defensive | ₹62.98 Cr | 2.15% |
| Communication Services | ₹48.96 Cr | 1.67% |
| Utilities | ₹40.33 Cr | 1.38% |
Risk & Performance Ratios
Standard Deviation
This fund
15.29%
Cat. avg.
16.18%
Lower the better
Sharpe Ratio
This fund
0.55
Cat. avg.
0.57
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
0.85
Higher the better
Fund Managers
ND
Neelesh Dhamnaskar
Since February 2026
KD
Kirti Dalvi
Since December 2025
Additional Scheme Detailsas of 31st August 2026
ISIN INF174V01945 | Expense Ratio 0.86% | Exit Load 1.00% | Fund Size ₹2,929 Cr | Age 6 years 8 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
₹37,731 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 23-Sep-2026, is ₹31.50.
What are the returns of Mahindra Manulife Large & Mid Cap Fund Direct Growth?
The fund has generated 5.76% over the last 1 year and 13.02% 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 96.82% in equities, 0.00% in bonds, and 3.18% 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.
