Mahindra Manulife Mid Cap Fund Direct Growth

Fund Overview

Fund Size

₹3,921 Cr

Expense Ratio

0.47%

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, 7 months and 23 days, having been launched on 23-Jan-18.
As of 12-Sep-25, it has a Net Asset Value (NAV) of ₹37.47, Assets Under Management (AUM) of 3920.88 Crores, and an expense ratio of 0.47%.

Mahindra Manulife Mid Cap Fund Direct Growth has given a CAGR return of 18.88% since inception.
The fund's asset allocation comprises around 96.81% in equities, 0.00% in debts, and 3.19% 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

-4.09%

— (Cat Avg.)

3 Years

+23.33%

+20.39% (Cat Avg.)

5 Years

+29.41%

+26.57% (Cat Avg.)

Since Inception

+18.88%

— (Cat Avg.)

Portfolio Summaryas of 31st August 2025

Equity	₹3,795.81 Cr	96.81%
Others	₹125.07 Cr	3.19%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
Triparty Repo	Cash - Repurchase Agreement	₹104.56 Cr	2.68%
Indian Bank	Equity	₹103.84 Cr	2.66%
UNO Minda Ltd	Equity	₹101.58 Cr	2.60%
Blue Star Ltd	Equity	₹100.94 Cr	2.59%
Max Healthcare Institute Ltd Ordinary Shares	Equity	₹91.19 Cr	2.34%
Tube Investments of India Ltd Ordinary Shares	Equity	₹91.17 Cr	2.33%
JK Cement Ltd	Equity	₹90.3 Cr	2.31%
Glenmark Pharmaceuticals Ltd	Equity	₹82.73 Cr	2.12%
Astral Ltd	Equity	₹82.45 Cr	2.11%
APL Apollo Tubes Ltd	Equity	₹80.78 Cr	2.07%
IDFC First Bank Ltd	Equity	₹78.53 Cr	2.01%
Bharti Hexacom Ltd	Equity	₹78.06 Cr	2.00%
Nippon Life India Asset Management Ltd Ordinary Shares	Equity	₹77.65 Cr	1.99%
JSW Energy Ltd	Equity	₹74.83 Cr	1.92%
Marico Ltd	Equity	₹73.67 Cr	1.89%
Piramal Enterprises Ltd	Equity	₹72.86 Cr	1.87%
Infosys Ltd	Equity	₹72.75 Cr	1.86%
The Federal Bank Ltd	Equity	₹71.89 Cr	1.84%
Coforge Ltd	Equity	₹71.19 Cr	1.82%
ITC Hotels Ltd	Equity	₹68.53 Cr	1.76%
Alkem Laboratories Ltd	Equity	₹65.76 Cr	1.68%
Godrej Properties Ltd	Equity	₹63.69 Cr	1.63%
Schaeffler India Ltd	Equity	₹61.9 Cr	1.59%
Whirlpool of India Ltd	Equity	₹60.83 Cr	1.56%
Triveni Turbine Ltd	Equity	₹60.73 Cr	1.56%
Persistent Systems Ltd	Equity	₹58.96 Cr	1.51%
Union Bank of India	Equity	₹58.67 Cr	1.50%
Mphasis Ltd	Equity	₹58.55 Cr	1.50%
Ceat Ltd	Equity	₹56.85 Cr	1.46%
Aurobindo Pharma Ltd	Equity	₹56.53 Cr	1.45%
KEI Industries Ltd	Equity	₹55.76 Cr	1.43%
Solar Industries India Ltd	Equity	₹54.6 Cr	1.40%
Kirloskar Brothers Ltd	Equity	₹51.78 Cr	1.33%
Anthem Biosciences Ltd	Equity	₹50.92 Cr	1.30%
Hindustan Petroleum Corp Ltd	Equity	₹50.75 Cr	1.30%
Lupin Ltd	Equity	₹50.21 Cr	1.29%
L&T Finance Ltd	Equity	₹49.79 Cr	1.28%
CRISIL Ltd	Equity	₹49.72 Cr	1.27%
LIC Housing Finance Ltd	Equity	₹49.25 Cr	1.26%
Oil India Ltd	Equity	₹48.79 Cr	1.25%
Page Industries Ltd	Equity	₹48.77 Cr	1.25%
Bharat Heavy Electricals Ltd	Equity	₹47.84 Cr	1.23%
Indus Towers Ltd Ordinary Shares	Equity	₹47.73 Cr	1.22%
Aditya Birla Capital Ltd	Equity	₹47.23 Cr	1.21%
Godrej Consumer Products Ltd	Equity	₹46.6 Cr	1.19%
Biocon Ltd	Equity	₹45.63 Cr	1.17%
AWL Agri Business Ltd	Equity	₹45.27 Cr	1.16%
Suzlon Energy Ltd	Equity	₹45.14 Cr	1.16%
Abbott India Ltd	Equity	₹44.07 Cr	1.13%
Belrise Industries Ltd	Equity	₹41.84 Cr	1.07%
Hero MotoCorp Ltd	Equity	₹41.72 Cr	1.07%
Hexaware Technologies Ltd Ordinary Shares	Equity	₹40.25 Cr	1.03%
Minda Corp Ltd	Equity	₹39.91 Cr	1.02%
Fortis Healthcare Ltd	Equity	₹39.65 Cr	1.02%
Varun Beverages Ltd	Equity	₹38.96 Cr	1.00%
Torrent Power Ltd	Equity	₹38.69 Cr	0.99%
Voltas Ltd	Equity	₹38.2 Cr	0.98%
JSW Infrastructure Ltd	Equity	₹37.28 Cr	0.95%
Shriram Finance Ltd	Equity	₹37.14 Cr	0.95%
Sri Lotus Developers And Realty Ltd	Equity	₹36.78 Cr	0.94%
REC Ltd	Equity	₹35.98 Cr	0.92%
Kajaria Ceramics Ltd	Equity	₹35.64 Cr	0.91%
NMDC Ltd	Equity	₹34.96 Cr	0.90%
Escorts Kubota Ltd	Equity	₹32.2 Cr	0.82%
Havells India Ltd	Equity	₹30.51 Cr	0.78%
AIA Engineering Ltd	Equity	₹29.47 Cr	0.75%
PNB Housing Finance Ltd	Equity	₹27.79 Cr	0.71%
Atul Ltd	Equity	₹25.88 Cr	0.66%
Net Receivables / (Payables)	Cash	₹19.99 Cr	0.51%

Allocation By Market Cap (Equity)

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Financial Services	₹760.32 Cr	19.47%
Industrials	₹737.7 Cr	18.89%
Consumer Cyclical	₹560.12 Cr	14.34%
Healthcare	₹526.7 Cr	13.49%
Technology	₹301.69 Cr	7.73%
Basic Materials	₹286.52 Cr	7.34%
Consumer Defensive	₹204.5 Cr	5.24%
Communication Services	₹125.78 Cr	3.22%
Utilities	₹113.52 Cr	2.91%
Energy	₹99.53 Cr	2.55%
Real Estate	₹63.69 Cr	1.63%

Risk & Performance Ratios

Fund Managers

Krishna Sanghavi

Since October 2024

Manish Lodha

Since December 2020

Kirti Dalvi

Since December 2024

Additional Scheme Detailsas of 31st August 2025

ISIN

INF174V01507

Expense Ratio

0.47%

Exit Load

1.00%

Fund Size

₹3,921 Cr

Age

7 years 7 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
Bank of India Mid Cap Fund Direct Growth Very High Risk	-	1.0%	-	-
Bank of India Mid Cap Fund Regular Growth Very High Risk	-	1.0%	-	-
Kotak Nifty Midcap 150 ETF Very High Risk	0.1%	-	₹4.58 Cr	-
Helios Mid Cap Fund Direct Growth Very High Risk	0.8%	1.0%	₹243.71 Cr	-
Helios Mid Cap Fund Regular Growth Very High Risk	2.4%	1.0%	₹243.71 Cr	-
ICICI Prudential Nifty Midcap 150 ETF Very High Risk	0.1%	-	₹489.10 Cr	-1.8%
ICICI Prudential Midcap Select ETF Very High Risk	0.1%	-	₹86.95 Cr	-5.8%
Zerodha Nifty Midcap 150 ETF Very High Risk	0.2%	-	₹98.62 Cr	-1.2%
LIC MF Nifty Midcap 100 ETF Very High Risk	0.2%	-	₹691.86 Cr	-2.1%
HDFC NIFTY Midcap 150 ETF Very High Risk	0.2%	-	₹94.47 Cr	-1.8%
UTI Nifty Midcap 150 ETF Very High Risk	0.3%	-	₹9.93 Cr	-1.8%
Invesco India Mid Cap Fund Regular Growth Very High Risk	1.8%	1.0%	₹7801.80 Cr	7.8%
HSBC Midcap Fund Direct Growth Very High Risk	0.7%	1.0%	₹11749.13 Cr	0.2%
Canara Robeco Mid Cap Fund Regular Growth Very High Risk	1.9%	1.0%	₹3176.49 Cr	0.5%
Canara Robeco Mid Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹3176.49 Cr	1.8%
ICICI Prudential Midcap Fund Direct Growth Very High Risk	1.1%	1.0%	₹6492.10 Cr	1.9%
Nippon India Growth Fund Direct Growth Very High Risk	0.7%	1.0%	₹38581.28 Cr	1.1%
Edelweiss Mid Cap Fund Direct Growth Very High Risk	0.4%	1.0%	₹11026.93 Cr	3.0%
Invesco India Mid Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹7801.80 Cr	9.1%
Kotak Emerging Equity Scheme Direct Growth Very High Risk	0.4%	1.0%	₹56988.32 Cr	3.0%
JM Midcap Fund Regular Growth Very High Risk	2.1%	1.0%	₹1425.88 Cr	-3.9%
JM Midcap Fund Direct Growth Very High Risk	0.5%	1.0%	₹1425.88 Cr	-2.4%
Mirae Asset Nifty Midcap 150 ETF Very High Risk	0.1%	-	₹1116.91 Cr	-1.7%
DSP Midcap Fund Regular Growth Very High Risk	1.7%	1.0%	₹19330.78 Cr	-2.5%
Kotak Emerging Equity Scheme Regular Growth Very High Risk	1.4%	1.0%	₹56988.32 Cr	1.9%
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%	₹83847.39 Cr	1.4%
Nippon India ETF Nifty Midcap 150 Very High Risk	0.2%	-	₹2385.38 Cr	-1.9%
UTI Mid Cap Fund Direct Growth Very High Risk	0.9%	1.0%	₹11822.41 Cr	-5.0%
Axis Midcap Fund Direct Growth Very High Risk	0.6%	1.0%	₹31056.04 Cr	0.3%
HDFC Mid-Cap Opportunities Fund Direct Growth Very High Risk	0.7%	1.0%	₹83847.39 Cr	2.0%
Aditya Birla Sun Life Mid Cap Fund Direct Growth Very High Risk	1.0%	1.0%	₹5969.95 Cr	-2.9%
Baroda BNP Paribas Mid Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹2157.05 Cr	-2.6%
SBI Magnum Midcap Fund Direct Growth Very High Risk	0.8%	1.0%	₹22011.53 Cr	-5.7%
Sundaram Mid Cap Fund Direct Growth Very High Risk	0.9%	1.0%	₹12595.54 Cr	0.3%
Tata Mid Cap Growth Fund Direct Growth Very High Risk	0.6%	0.0%	₹4984.23 Cr	-3.1%
Taurus Discovery (Midcap) Fund Direct Growth Very High Risk	2.1%	1.0%	₹128.14 Cr	-5.2%
DSP Midcap Fund Direct Growth Very High Risk	0.7%	1.0%	₹19330.78 Cr	-1.6%
Quant Mid Cap Fund Direct Growth Very High Risk	0.7%	0.0%	₹8318.96 Cr	-13.3%
Franklin India Prima Fund Direct Growth Very High Risk	0.9%	1.0%	₹12540.39 Cr	-1.1%
Motilal Oswal Nifty Midcap 100 ETF Very High Risk	0.2%	-	₹656.63 Cr	-1.9%
Union Midcap Fund Regular Growth Very High Risk	2.1%	1.0%	₹1508.16 Cr	-0.5%
Union Midcap Fund Direct Growth Very High Risk	0.7%	1.0%	₹1508.16 Cr	0.9%
Edelweiss Mid Cap Fund Regular Growth Very High Risk	1.7%	1.0%	₹11026.93 Cr	1.7%
Motilal Oswal Midcap Fund Direct Growth Very High Risk	0.7%	1.0%	₹34779.73 Cr	-0.1%
LIC MF Midcap Fund Regular Growth Very High Risk	2.5%	1.0%	₹329.93 Cr	-5.0%
LIC MF Midcap Fund Direct Growth Very High Risk	1.4%	1.0%	₹329.93 Cr	-4.0%
Kotak Nifty Midcap 50 ETF Very High Risk	0.1%	-	₹73.23 Cr	-1.6%
Aditya Birla Sun Life Mid Cap Fund Regular Growth Very High Risk	1.9%	1.0%	₹5969.95 Cr	-3.7%

About the AMC

Mahindra Manulife Mutual Fund

022-66327900

https://www.mahindramanulife.com/

Total AUM

₹19,132 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 Banking & Financial Services Fund Direct Growth Very High Risk	0.6%	0.0%	₹286.55 Cr	-
Mahindra Manulife Value Fund Direct Growth Very High Risk	0.6%	0.0%	₹483.32 Cr	-
Mahindra Manulife Manufacturing Fund Direct Growth Very High Risk	0.7%	0.0%	₹839.29 Cr	-2.3%
Mahindra Manulife Multi Asset Allocation Fund Direct Growth Very High Risk	0.4%	0.0%	₹630.13 Cr	11.0%
Mahindra Manulife Business Cycle Fund Direct Growth Very High Risk	0.5%	1.0%	₹1226.81 Cr	-5.4%
Mahindra Manulife Large Cap Fund Direct Growth Very High Risk	0.7%	1.0%	₹708.93 Cr	-1.1%
Mahindra Manulife Liquid Fund Direct Growth Moderate Risk	0.1%	0.0%	₹1133.95 Cr	7.0%
Mahindra Manulife Large & Mid Cap Fund Direct Growth Very High Risk	0.5%	1.0%	₹2687.96 Cr	-3.5%
Mahindra Manulife ELSS Fund Direct Growth Very High Risk	0.6%	0.0%	₹952.81 Cr	0.3%
Mahindra Manulife Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹183.35 Cr	6.2%
Mahindra Manulife Small Cap Fund Direct Growth Very High Risk	0.4%	1.0%	₹4052.92 Cr	-7.8%
Mahindra Manulife Flexi Cap Fund Direct Growth Very High Risk	0.4%	1.0%	₹1528.56 Cr	-0.8%
Mahindra Manulife Consumption Fund Direct Growth Very High Risk	0.7%	1.0%	₹514.52 Cr	-4.4%
Mahindra Manulife Focused Fund Direct Growth Very High Risk	0.4%	1.0%	₹2136.65 Cr	-3.8%
Mahindra Manulife Asia Pacific REITs FOF Direct Growth Very High Risk	0.5%	1.0%	₹40.09 Cr	13.4%
Mahindra Manulife Equity Savings Fund Direct Growth Moderately High risk	0.7%	1.0%	₹551.87 Cr	4.1%
Mahindra Manulife Multi Cap Fund Direct Growth Very High Risk	0.4%	1.0%	₹5727.03 Cr	-2.2%
Mahindra Manulife Dynamic Bond Fund Direct Growth Moderate Risk	0.4%	0.0%	₹115.87 Cr	7.3%
Mahindra Manulife Ultra Short Duration Fund Direct Growth Moderate Risk	0.3%	0.0%	₹258.65 Cr	7.6%
Mahindra Manulife Short Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹78.73 Cr	8.8%
Mahindra Manulife Mid Cap Fund Direct Growth Very High Risk	0.5%	1.0%	₹3920.88 Cr	-4.1%
Mahindra Manulife Arbitrage Fund Direct Growth Low Risk	0.2%	0.0%	₹96.95 Cr	6.1%
Mahindra Manulife Low Duration Fund Direct Growth Moderate Risk	0.3%	0.0%	₹647.22 Cr	8.2%
Mahindra Manulife Aggressive Hybrid Fund Direct Growth Very High Risk	0.5%	1.0%	₹1811.08 Cr	3.3%
Mahindra Manulife Balanced Advantage Fund Direct Growth Very High Risk	0.6%	1.0%	₹923.06 Cr	2.4%

Risk Level

Your principal amount will be at Very High Risk

Take control of your wealth

Track and Analyse all your investments with Wealth Monitor

Rated ★ 4.3+ on

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 12-Sep-2025, is ₹37.47.

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

The fund has generated -4.09% over the last 1 year and 23.33% 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 96.81% in equities, 0.00% in bonds, and 3.19% 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

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.

;

Fund Overview

Fund Size

₹3,921 Cr

Expense Ratio

0.47%

ISIN

INF174V01507

Minimum SIP

₹1,000

Exit Load

1.00%

Inception Date

23 Jan 2018

Risk Level

Your principal amount will be at Very High Risk