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Fund Overview
Fund Size
₹4,295 Cr
Expense Ratio
0.45%
ISIN
INF174V01507
Minimum SIP
₹1,000
Exit Load
1.00%
Inception Date
23 Jan 2018
About this fund
Mahindra Manulife Mid Cap Fund Direct Growth is a Mid-Cap mutual fund schemes offered by Mahindra Manulife Mutual Fund. This fund has been in existence for 7 years, 11 months and 30 days, having been launched on 23-Jan-18.
As of 21-Jan-26, it has a Net Asset Value (NAV) of ₹37.03, Assets Under Management (AUM) of 4294.84 Crores, and an expense ratio of 0.45%.
As of 21-Jan-26, it has a Net Asset Value (NAV) of ₹37.03, Assets Under Management (AUM) of 4294.84 Crores, and an expense ratio of 0.45%.
- Mahindra Manulife Mid Cap Fund Direct Growth has given a CAGR return of 17.79% since inception.
- The fund's asset allocation comprises around 98.24% in equities, 0.00% in debts, and 1.76% in cash & cash equivalents.
- You can start investing in Mahindra Manulife 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
+5.00%
+3.68% (Cat Avg.)
3 Years
+24.64%
+21.23% (Cat Avg.)
5 Years
+23.66%
+19.64% (Cat Avg.)
Since Inception
+17.79%
— (Cat Avg.)
Portfolio Summaryas of 31st December 2025
| Equity | ₹4,219.07 Cr | 98.24% |
| Others | ₹75.77 Cr | 1.76% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Glenmark Pharmaceuticals Ltd | Equity | ₹133.78 Cr | 3.11% |
| Indian Bank | Equity | ₹124.38 Cr | 2.90% |
| Max Financial Services Ltd | Equity | ₹112.54 Cr | 2.62% |
| The Federal Bank Ltd | Equity | ₹111.25 Cr | 2.59% |
| IDFC First Bank Ltd | Equity | ₹108.94 Cr | 2.54% |
| Piramal Finance Ltd | Equity | ₹106.86 Cr | 2.49% |
| AIA Engineering Ltd | Equity | ₹106.67 Cr | 2.48% |
| UNO Minda Ltd | Equity | ₹102.12 Cr | 2.38% |
| IndusInd Bank Ltd | Equity | ₹97.22 Cr | 2.26% |
| APL Apollo Tubes Ltd | Equity | ₹96.35 Cr | 2.24% |
| Union Bank of India | Equity | ₹95.33 Cr | 2.22% |
| JK Cement Ltd | Equity | ₹93.14 Cr | 2.17% |
| Blue Star Ltd | Equity | ₹92.84 Cr | 2.16% |
| Nippon Life India Asset Management Ltd Ordinary Shares | Equity | ₹91.44 Cr | 2.13% |
| KEI Industries Ltd | Equity | ₹87.56 Cr | 2.04% |
| Astral Ltd | Equity | ₹84.19 Cr | 1.96% |
| Indus Towers Ltd Ordinary Shares | Equity | ₹82.06 Cr | 1.91% |
| Mphasis Ltd | Equity | ₹81.5 Cr | 1.90% |
| Bharat Heavy Electricals Ltd | Equity | ₹80.49 Cr | 1.87% |
| Tube Investments of India Ltd Ordinary Shares | Equity | ₹80.47 Cr | 1.87% |
| Marico Ltd | Equity | ₹76.19 Cr | 1.77% |
| Bharti Hexacom Ltd | Equity | ₹75.6 Cr | 1.76% |
| JSW Energy Ltd | Equity | ₹73.91 Cr | 1.72% |
| L&T Finance Ltd | Equity | ₹72.43 Cr | 1.69% |
| Anthem Biosciences Ltd | Equity | ₹72.13 Cr | 1.68% |
| Coforge Ltd | Equity | ₹68.66 Cr | 1.60% |
| Alkem Laboratories Ltd | Equity | ₹68.28 Cr | 1.59% |
| NMDC Ltd | Equity | ₹67.54 Cr | 1.57% |
| Aditya Birla Capital Ltd | Equity | ₹66.17 Cr | 1.54% |
| Godrej Properties Ltd | Equity | ₹65.54 Cr | 1.53% |
| Shriram Finance Ltd | Equity | ₹63.76 Cr | 1.48% |
| SRF Ltd | Equity | ₹63.15 Cr | 1.47% |
| Triveni Turbine Ltd | Equity | ₹62.97 Cr | 1.47% |
| Varun Beverages Ltd | Equity | ₹62.49 Cr | 1.46% |
| Hexaware Technologies Ltd Ordinary Shares | Equity | ₹59.15 Cr | 1.38% |
| ITC Hotels Ltd | Equity | ₹56.75 Cr | 1.32% |
| Lupin Ltd | Equity | ₹55.9 Cr | 1.30% |
| Aster DM Healthcare Ltd Ordinary Shares | Equity | ₹53.5 Cr | 1.25% |
| Oil India Ltd | Equity | ₹53.04 Cr | 1.24% |
| Biocon Ltd | Equity | ₹51.6 Cr | 1.20% |
| Persistent Systems Ltd | Equity | ₹50.89 Cr | 1.18% |
| Belrise Industries Ltd | Equity | ₹50.73 Cr | 1.18% |
| Fortis Healthcare Ltd | Equity | ₹50.55 Cr | 1.18% |
| Schaeffler India Ltd | Equity | ₹49.71 Cr | 1.16% |
| Equitas Small Finance Bank Ltd Ordinary Shares | Equity | ₹49.7 Cr | 1.16% |
| Solar Industries India Ltd | Equity | ₹48.49 Cr | 1.13% |
| Radico Khaitan Ltd | Equity | ₹47.89 Cr | 1.11% |
| LIC Housing Finance Ltd | Equity | ₹47.86 Cr | 1.11% |
| Minda Corp Ltd | Equity | ₹45.93 Cr | 1.07% |
| Kajaria Ceramics Ltd | Equity | ₹45.24 Cr | 1.05% |
| Kirloskar Brothers Ltd | Equity | ₹42.94 Cr | 1.00% |
| Suzlon Energy Ltd | Equity | ₹42.14 Cr | 0.98% |
| Torrent Power Ltd | Equity | ₹41.19 Cr | 0.96% |
| Dalmia Bharat Ltd | Equity | ₹41.07 Cr | 0.96% |
| Ceat Ltd | Equity | ₹40.5 Cr | 0.94% |
| Mahindra Manu Liquid Dir Gr | Mutual Fund - Open End | ₹40.02 Cr | 0.93% |
| Page Industries Ltd | Equity | ₹39.65 Cr | 0.92% |
| LG Electronics India Ltd | Equity | ₹39.17 Cr | 0.91% |
| Triparty Repo | Cash - Repurchase Agreement | ₹38.52 Cr | 0.90% |
| JSW Infrastructure Ltd | Equity | ₹35.87 Cr | 0.84% |
| PNB Housing Finance Ltd | Equity | ₹35.09 Cr | 0.82% |
| Atul Ltd | Equity | ₹31.14 Cr | 0.73% |
| Sri Lotus Developers And Realty Ltd | Equity | ₹31.01 Cr | 0.72% |
| Havells India Ltd | Equity | ₹28.5 Cr | 0.66% |
| Whirlpool of India Ltd | Equity | ₹25.92 Cr | 0.60% |
| Net Receivables / (Payables) | Cash | ₹-2.76 Cr | 0.06% |
Allocation By Market Cap (Equity)
Large Cap Stocks
7.20%
Mid Cap Stocks
72.97%
Small Cap Stocks
18.07%
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹1,182.96 Cr | 27.54% |
| Industrials | ₹884.04 Cr | 20.58% |
| Healthcare | ₹485.74 Cr | 11.31% |
| Consumer Cyclical | ₹411.3 Cr | 9.58% |
| Basic Materials | ₹377.75 Cr | 8.80% |
| Technology | ₹299.37 Cr | 6.97% |
| Consumer Defensive | ₹186.56 Cr | 4.34% |
| Communication Services | ₹157.66 Cr | 3.67% |
| Utilities | ₹115.1 Cr | 2.68% |
| Real Estate | ₹65.54 Cr | 1.53% |
| Energy | ₹53.04 Cr | 1.24% |
Risk & Performance Ratios
Standard Deviation
This fund
15.24%
Cat. avg.
15.58%
Lower the better
Sharpe Ratio
This fund
1.19
Cat. avg.
0.97
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
1.59
Higher the better
Fund Managers
Additional Scheme Detailsas of 31st December 2025
ISIN INF174V01507 | Expense Ratio 0.45% | Exit Load 1.00% | Fund Size ₹4,295 Cr | Age 7 years 11 months | Lumpsum Minimum ₹1,000 | Fund Status Open Ended Investment Company | Benchmark Nifty Midcap 150 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 Mid-Cap Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Samco Mid Cap Fund Direct Growth Very High Risk | - | 1.0% | - | - |
| Samco Mid Cap Fund Regular Growth Very High Risk | - | 1.0% | - | - |
| Bank of India Mid Cap Fund Direct Growth Very High Risk | 1.1% | 1.0% | ₹683.84 Cr | - |
| Bank of India Mid Cap Fund Regular Growth Very High Risk | 2.2% | 1.0% | ₹683.84 Cr | - |
| Kotak Nifty Midcap 150 ETF Very High Risk | 0.1% | - | ₹4.92 Cr | - |
| Helios Mid Cap Fund Direct Growth Very High Risk | 0.6% | 1.0% | ₹1157.07 Cr | - |
| Helios Mid Cap Fund Regular Growth Very High Risk | 2.1% | 1.0% | ₹1157.07 Cr | - |
| ICICI Prudential Nifty Midcap 150 ETF Very High Risk | 0.1% | - | ₹581.00 Cr | 6.4% |
| ICICI Prudential Midcap Select ETF Very High Risk | 0.1% | - | ₹94.43 Cr | 4.7% |
| Zerodha Nifty Midcap 150 ETF Very High Risk | 0.2% | - | ₹169.34 Cr | 7.0% |
| LIC MF Nifty Midcap 100 ETF Very High Risk | 0.2% | - | ₹642.81 Cr | 7.0% |
| HDFC NIFTY Midcap 150 ETF Very High Risk | 0.2% | - | ₹102.56 Cr | 6.3% |
| UTI Nifty Midcap 150 ETF Very High Risk | 0.3% | - | ₹11.15 Cr | 6.3% |
| Invesco India Mid Cap Fund Regular Growth Very High Risk | 1.7% | 1.0% | ₹10296.36 Cr | 9.3% |
| HSBC Midcap Fund Direct Growth Very High Risk | 0.7% | 1.0% | ₹12439.62 Cr | 7.3% |
| Canara Robeco Mid Cap Fund Regular Growth Very High Risk | 1.9% | 1.0% | ₹4067.87 Cr | 7.5% |
| Canara Robeco Mid Cap Fund Direct Growth Very High Risk | 0.6% | 1.0% | ₹4067.87 Cr | 8.8% |
| ICICI Prudential Midcap Fund Direct Growth Very High Risk | 1.0% | 1.0% | ₹7132.04 Cr | 12.4% |
| Nippon India Growth Fund Direct Growth Very High Risk | 0.7% | 1.0% | ₹42124.50 Cr | 7.3% |
| Edelweiss Mid Cap Fund Direct Growth Very High Risk | 0.4% | 1.0% | ₹13650.47 Cr | 7.7% |
| Invesco India Mid Cap Fund Direct Growth Very High Risk | 0.5% | 1.0% | ₹10296.36 Cr | 10.6% |
| Kotak Emerging Equity Scheme Direct Growth Very High Risk | 0.4% | 1.0% | ₹60636.84 Cr | 5.1% |
| JM Midcap Fund Regular Growth Very High Risk | 2.1% | 1.0% | ₹1474.62 Cr | -1.9% |
| JM Midcap Fund Direct Growth Very High Risk | 0.6% | 1.0% | ₹1474.62 Cr | -0.3% |
| Mirae Asset Nifty Midcap 150 ETF Very High Risk | 0.1% | - | ₹1365.64 Cr | 6.4% |
| DSP Midcap Fund Regular Growth Very High Risk | 1.7% | 1.0% | ₹19585.60 Cr | 4.2% |
| Kotak Emerging Equity Scheme Regular Growth Very High Risk | 1.4% | 1.0% | ₹60636.84 Cr | 4.0% |
| ICICI Prudential Midcap Select ETF Very High Risk | 0.1% | - | ₹79.99 Cr | 36.3% |
| ICICI Prudential Nifty Midcap 150 ETF Very High Risk | 0.1% | - | ₹424.94 Cr | 26.8% |
| HDFC Mid-Cap Opportunities Fund Regular Growth Very High Risk | 1.4% | 1.0% | ₹92641.55 Cr | 10.4% |
| Nippon India ETF Nifty Midcap 150 Very High Risk | 0.2% | - | ₹2812.08 Cr | 6.3% |
| UTI Mid Cap Fund Direct Growth Very High Risk | 0.9% | 1.0% | ₹11956.07 Cr | 2.3% |
| Axis Midcap Fund Direct Growth Very High Risk | 0.6% | 1.0% | ₹31717.15 Cr | 5.0% |
| HDFC Mid-Cap Opportunities Fund Direct Growth Very High Risk | 0.7% | 1.0% | ₹92641.55 Cr | 11.1% |
| Aditya Birla Sun Life Mid Cap Fund Direct Growth Very High Risk | 1.0% | 1.0% | ₹6300.76 Cr | 6.0% |
| Baroda BNP Paribas Mid Cap Fund Direct Growth Very High Risk | 0.6% | 1.0% | ₹2312.61 Cr | 6.2% |
| SBI Magnum Midcap Fund Direct Growth Very High Risk | 0.8% | 0.0% | ₹23314.80 Cr | 0.7% |
| Sundaram Mid Cap Fund Direct Growth Very High Risk | 0.9% | 1.0% | ₹13292.89 Cr | 7.8% |
| Tata Mid Cap Growth Fund Direct Growth Very High Risk | 0.6% | 0.0% | ₹5497.27 Cr | 8.0% |
| Taurus Discovery (Midcap) Fund Direct Growth Very High Risk | 2.1% | 1.0% | ₹129.14 Cr | 0.9% |
| DSP Midcap Fund Direct Growth Very High Risk | 0.7% | 1.0% | ₹19585.60 Cr | 5.2% |
| Quant Mid Cap Fund Direct Growth Very High Risk | 0.8% | 0.0% | ₹8351.55 Cr | -9.9% |
| Franklin India Prima Fund Direct Growth Very High Risk | 1.0% | 1.0% | ₹12831.02 Cr | 4.2% |
| Motilal Oswal Nifty Midcap 100 ETF Very High Risk | 0.2% | - | ₹754.65 Cr | 7.1% |
| Union Midcap Fund Regular Growth Very High Risk | 2.1% | 1.0% | ₹1633.88 Cr | 6.8% |
| Union Midcap Fund Direct Growth Very High Risk | 0.7% | 1.0% | ₹1633.88 Cr | 8.3% |
| Edelweiss Mid Cap Fund Regular Growth Very High Risk | 1.7% | 1.0% | ₹13650.47 Cr | 6.4% |
| Motilal Oswal Midcap Fund Direct Growth Very High Risk | 0.7% | 1.0% | ₹36880.18 Cr | -2.6% |
| LIC MF Midcap Fund Regular Growth Very High Risk | 2.5% | 1.0% | ₹345.56 Cr | -3.1% |
| LIC MF Midcap Fund Direct Growth Very High Risk | 1.4% | 1.0% | ₹345.56 Cr | -2.0% |
About the AMC
Mahindra Manulife Mutual Fund
Total AUM
₹33,324 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 Mid Cap Fund Direct Growth?
The NAV of Mahindra Manulife Mid Cap Fund Direct Growth, as of 21-Jan-2026, is ₹37.03.
What are the returns of Mahindra Manulife Mid Cap Fund Direct Growth?
The fund has generated 5.00% over the last 1 year and 24.64% 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 Mid Cap Fund Direct Growth?
The fund's allocation of assets is distributed as 98.24% in equities, 0.00% in bonds, and 1.76% in cash and cash equivalents.
Who manages the Mahindra Manulife Mid Cap Fund Direct Growth?
The fund managers responsible for Mahindra Manulife Mid Cap Fund Direct Growth are:-
- Krishna Sanghavi
- Manish Lodha
- 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.
