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Fund Overview

Fund Size

Fund Size

₹2,580 Cr

Expense Ratio

Expense Ratio

0.47%

ISIN

ISIN

INF174V01507

Minimum SIP

Minimum SIP

₹1,000

Exit Load

Exit Load

1.00%

Inception Date

Inception Date

23 Jan 2018

About this fund

Mahindra Manulife Mid Cap Fund Direct Growth is a Mid-Cap mutual fund schemes offered by Kotak Mahindra Mutual Fund. This fund has been in existence for 6 years, 4 months and 20 days, having been launched on 23-Jan-18.
As of 11-Jun-24, it has a Net Asset Value (NAV) of ₹34.78, Assets Under Management (AUM) of 2580.04 Crores, and an expense ratio of 0.47%.
  • Mahindra Manulife Mid Cap Fund Direct Growth has given a CAGR return of 21.57% since inception.
  • The fund's asset allocation comprises around 94.95% in equities, 0.00% in debts, and 5.05% 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

+63.16%

+52.33% (Cat Avg.)

3 Years

+28.40%

+23.76% (Cat Avg.)

5 Years

+29.08%

+24.27% (Cat Avg.)

Since Inception

+21.57%

(Cat Avg.)

Portfolio Summaryas of 31st May 2024

Equity2,449.77 Cr94.95%
Others130.27 Cr5.05%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
Triparty RepoCash - Repurchase Agreement104.71 Cr4.06%
Indus Towers Ltd Ordinary SharesEquity80.07 Cr3.10%
Hero MotoCorp LtdEquity76.79 Cr2.98%
Indian BankEquity73.78 Cr2.86%
REC LtdEquity73.03 Cr2.83%
Persistent Systems LtdEquity71.68 Cr2.78%
Max Healthcare Institute Ltd Ordinary SharesEquity66.16 Cr2.56%
CG Power & Industrial Solutions LtdEquity59.84 Cr2.32%
Union Bank of IndiaEquity58.63 Cr2.27%
Bharti Hexacom LtdEquity55.96 Cr2.17%
Jindal Steel & Power LtdEquity53.98 Cr2.09%
Nippon Life India Asset Management Ltd Ordinary SharesEquity53.85 Cr2.09%
Zomato LtdEquity50.16 Cr1.94%
Schaeffler India LtdEquity46.05 Cr1.78%
Steel Authority Of India LtdEquity45.97 Cr1.78%
Container Corporation of India LtdEquity45.36 Cr1.76%
Oil India LtdEquity45.13 Cr1.75%
L&T Finance LtdEquity44.36 Cr1.72%
Deepak Nitrite LtdEquity43.83 Cr1.70%
Zydus Lifesciences LtdEquity43.01 Cr1.67%
Godrej Industries LtdEquity42.48 Cr1.65%
Power Finance Corp LtdEquity40.63 Cr1.57%
Hindustan Aeronautics Ltd Ordinary SharesEquity39.79 Cr1.54%
Max Financial Services LtdEquity39.54 Cr1.53%
Apar Industries LtdEquity39.54 Cr1.53%
Coal India LtdEquity39.3 Cr1.52%
Voltas LtdEquity38.75 Cr1.50%
Biocon LtdEquity38.66 Cr1.50%
Escorts Kubota LtdEquity38.18 Cr1.48%
Hindustan Petroleum Corp LtdEquity37.61 Cr1.46%
Torrent Power LtdEquity37.55 Cr1.46%
Dixon Technologies (India) LtdEquity37.09 Cr1.44%
Mphasis LtdEquity36.55 Cr1.42%
Lupin LtdEquity35.61 Cr1.38%
Aurobindo Pharma LtdEquity35.57 Cr1.38%
Piramal Enterprises LtdEquity34.86 Cr1.35%
Aditya Birla Fashion and Retail LtdEquity34.52 Cr1.34%
Bharat Forge LtdEquity34.2 Cr1.33%
Minda Corp LtdEquity34.03 Cr1.32%
LIC Housing Finance LtdEquity33.22 Cr1.29%
KEI Industries LtdEquity32.8 Cr1.27%
The Federal Bank LtdEquity32.41 Cr1.26%
NMDC LtdEquity31.22 Cr1.21%
Solar Industries India LtdEquity30.45 Cr1.18%
CRISIL LtdEquity30.09 Cr1.17%
Grindwell Norton LtdEquity29.22 Cr1.13%
Suzlon Energy LtdEquity26.21 Cr1.02%
Linde India LtdEquity26.13 Cr1.01%
Net Receivables / (Payables)Cash25.56 Cr0.99%
Jindal Stainless LtdEquity25.39 Cr0.98%
Gujarat Fluorochemicals Ltd Ordinary SharesEquity25.07 Cr0.97%
CESC LtdEquity24.26 Cr0.94%
Page Industries LtdEquity24.16 Cr0.94%
Emami LtdEquity23.49 Cr0.91%
Century Textiles & Industries LtdEquity22.83 Cr0.89%
AIA Engineering LtdEquity22.06 Cr0.85%
Vedant Fashions LtdEquity20.87 Cr0.81%
NLC India LtdEquity20.56 Cr0.80%
Gland Pharma LtdEquity20.55 Cr0.80%
Kaynes Technology India LtdEquity20.33 Cr0.79%
Endurance Technologies LtdEquity19.65 Cr0.76%
Abbott India LtdEquity19.42 Cr0.75%
Anant Raj LtdEquity19.27 Cr0.75%
Dalmia Bharat LtdEquity17.76 Cr0.69%
Aarti Industries LtdEquity17.74 Cr0.69%
Lakshmi Machine Works LtdEquity16.73 Cr0.65%
Kirloskar Oil Engines LtdEquity15.83 Cr0.61%

Allocation By Market Cap (Equity)

Large Cap Stocks

15.95%

Mid Cap Stocks

66.15%

Small Cap Stocks

12.85%

Other Allocation

Equity Sector

Debt & Others

SectorAmount sortHoldings sort
Financial Services514.37 Cr19.94%
Industrials467.12 Cr18.11%
Consumer Cyclical340.42 Cr13.19%
Basic Materials340.36 Cr13.19%
Healthcare258.96 Cr10.04%
Technology145.31 Cr5.63%
Communication Services136.04 Cr5.27%
Energy122.05 Cr4.73%
Utilities82.37 Cr3.19%
Consumer Defensive23.49 Cr0.91%
Real Estate19.27 Cr0.75%

Risk & Performance Ratios

Standard Deviation

This fund

14.85%

Cat. avg.

14.02%

Lower the better

Sharpe Ratio

This fund

1.44

Cat. avg.

1.23

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

2.45

Higher the better

Fund Managers

ML

Manish Lodha

Since December 2020

AK

Abhinav Khandelwal

Since February 2022

Additional Scheme Detailsas of 31st May 2024

ISININF174V01507Expense Ratio0.47%Exit Load1.00%Fund Size₹2,580 CrAge23 Jan 2018Lumpsum Minimum₹1,000Fund StatusOpen Ended Investment CompanyBenchmarkNifty Midcap 150 TR INR

Investment ObjectiveInvestment 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

Withdrawal within 1 year

Flat 15% tax on realised gains (STCG - short term capital gains)

Withdrawal after 1 year

10% tax on realised gains above Rs. 1 lakh per financial year (LTCG - long term capital gains)

Note: Mutual funds are subject to capital gains taxation with surcharge and cess, based on prevailing income tax rules and investor income. Taxation applies 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 nameExpense RatioExit LoadFund size
1Y
Bandhan Midcap Fund Regular Growth

Very High Risk

2.1%1.0%₹1181.31 Cr49.7%
Bandhan Midcap Fund Direct Growth

Very High Risk

0.6%1.0%₹1181.31 Cr52.1%
Motilal Oswal Midcap Fund Regular Growth

Very High Risk

1.7%1.0%₹9819.09 Cr56.9%
HDFC NIFTY Midcap 150 ETF

Very High Risk

0.2%-₹15.15 Cr-
Mirae Asset Midcap Fund Regular Growth

Very High Risk

1.7%1.0%₹15353.87 Cr49.8%
Mirae Asset Midcap Fund Direct Growth

Very High Risk

0.6%1.0%₹15353.87 Cr51.4%
Axis Midcap Fund Regular Growth

Very High Risk

1.6%1.0%₹27747.62 Cr44.7%
Mahindra Manulife Mid Cap Fund Direct Growth

Very High Risk

0.5%1.0%₹2580.04 Cr63.2%
Mahindra Manulife Mid Cap Fund Regular Growth

Very High Risk

1.9%1.0%₹2580.04 Cr60.7%
Tata Mid Cap Growth Fund Regular Growth

Very High Risk

1.9%1.0%₹3823.84 Cr56.6%

About the AMC

Total AUM

₹4,28,353 Cr

Address

2nd Floor, 12-BKC, Plot No C-12, Mumbai, 400 051

Other Funds by Kotak Mahindra Mutual Fund

Fund nameExpense RatioExit LoadFund size
1Y
Kotak FMP Series 327 Direct Growth

Moderately High risk

-0.0%--
Kotak FMP Series 326 - 175 Days Direct Growth

Moderate Risk

----
Kotak FMP Series 325 - 90 Days Direct Growth

Moderate Risk

-0.0%--
Kotak FMP Series 324 - 109 Days Direct Growth

Moderately High risk

-0.0%--
Kotak Healthcare Fund Direct Growth

Very High Risk

0.7%1.0%₹290.95 Cr-
Kotak FMP Series 323 Direct Growth

Low Risk

-0.0%--
Kotak Consumption Fund Direct Growth

Very High Risk

0.7%1.0%₹547.81 Cr-
Kotak Nifty G-Sec July 2033 Index Fund Direct Growth

Moderate Risk

0.1%0.0%₹21.93 Cr-
Kotak Multi Asset Allocation Fund Direct Growth

High Risk

0.3%1.0%₹5755.21 Cr-
Kotak S&P BSE Housing Index Fund Direct Growth

Very High Risk

0.2%0.0%₹10.13 Cr-
Kotak Fixed Maturity Plan 1174 Days Series 268 Direct Growth

Low to Moderate Risk

-0.0%--
Kotak FMP Series 308 - 1125 Days Direct Growth

Low Risk

-0.0%-7.7%
Kotak Yearly Interval Plan Series 1 Direct Growth

Low to Moderate Risk

-0.0%--
Kotak Fixed Maturity Plan 1355 Days Series 286 Direct Growth

Low to Moderate Risk

----
Kotak FMP Series 304 Direct Growth

Moderate Risk

---6.9%
Kotak Fixed Maturity Plan Series 262 Direct Growth

Low to Moderate Risk

-0.0%--
Kotak FMP Series 291 - 1826 Days Direct Growth

Low to Moderate Risk

-0.0%--
Kotak Fixed Maturity Plan Series 264 Direct Growth

Low to Moderate Risk

-0.0%--
Kotak FMP Series 310 - 1131 Days Direct Growth

Moderate Risk

-0.0%-7.0%
Kotak FMP Series 306 Direct Growth

Moderate Risk

-0.0%--
Kotak Quarterly Interval Series 12 Direct Growth

Low to Moderate Risk

-0.0%--
Kotak Fixed Maturity Plan Series 249 Direct Growth

Low to Moderate Risk

-0.0%--
Kotak FMP Series 295 Direct Growth

Moderate Risk

-0.0%--
Kotak Fixed Maturity Plan Series 258 Direct Growth

Low to Moderate Risk

-0.0%--
Kotak FMP Series 298 Direct Growth

Low to Moderate Risk

-0.0%--
Kotak FMP Series 290 - 1180 Days Direct Growth

Low to Moderate Risk

-0.0%--
Kotak Monthly Interval Series 4 Direct Growth

Low to Moderate Risk

-0.0%--
Kotak FMP Series 293 - 1826 Days Direct Growth

Moderate Risk

-0.0%--
Kotak India Growth Fund Series IV Direct Growth

Very High Risk

0.3%0.0%₹132.94 Cr50.2%
Kotak Fixed Maturity Plan Series 260 Direct Growth

Low to Moderate Risk

-0.0%--
Kotak FMP Series 287 - 1188 days Direct Growth

Low to Moderate Risk

-0.0%--
Kotak Fixed Maturity Plan Series 272 Direct Growth

Low to Moderate Risk

----
Kotak Fixed Maturity Plan Series 273 Direct Growth

Low to Moderate Risk

----
Kotak FMP Series 305 Direct Growth

Low to Moderate Risk

-0.0%-7.0%
Kotak FMP Series 300 - 1223 days Direct Growth

Low to Moderate Risk

-0.0%-7.0%
Kotak Quarterly Interval Series 13 Direct Growth

Low to Moderate Risk

-0.0%--
Kotak FMP Series 292 - 1735 Days Direct Growth

Low to Moderate Risk

-0.0%₹424.46 Cr7.2%
Kotak FMP Series 289 -1179 days Direct Growth

Low to Moderate Risk

-0.0%--
Kotak FMP Series 288 -1177 days Direct Growth

Low to Moderate Risk

-0.0%--
Kotak Small Cap Fund Direct Growth

Very High Risk

0.5%1.0%₹15282.62 Cr46.3%
Kotak Flexicap Fund Direct Growth

Very High Risk

0.6%1.0%₹48469.47 Cr39.0%
Kotak Equity Opportunities Fund Direct Growth

Very High Risk

0.5%1.0%₹22329.12 Cr48.2%
Kotak Taxsaver Fund Direct Growth

Very High Risk

0.6%0.0%₹5768.54 Cr43.9%
Kotak Nifty 200 Momentum 30 Index Fund Direct Growth

Very High Risk

0.4%0.0%₹163.61 Cr-
Kotak Nifty 50 Index Fund Direct Growth

Very High Risk

0.1%0.0%₹663.74 Cr26.2%
Kotak Infrastructure and Economic Reform Fund Direct Growth

Very High Risk

0.7%1.0%₹1989.53 Cr62.7%
Kotak Low Duration Fund Direct Growth

Moderate Risk

0.4%0.0%₹9154.40 Cr7.6%
Kotak Bluechip Fund Direct Growth

Very High Risk

0.6%1.0%₹8199.81 Cr35.2%
Kotak Bond Fund Direct Growth

Moderate Risk

0.7%0.0%₹1903.40 Cr8.0%
Kotak Bond Fund Short Term Plan Direct Growth

Moderate Risk

0.4%0.0%₹14949.40 Cr7.4%

Risk Level

Your principal amount will be at Very High Risk

Very High Risk
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The NAV of Mahindra Manulife Mid Cap Fund Direct Growth, as of 11-Jun-2024, is ₹34.78.
The fund has generated 63.16% over the last 1 year and 28.40% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
The fund's allocation of assets is distributed as 94.95% in equities, 0.00% in bonds, and 5.05% in cash and cash equivalents.
The fund managers responsible for Mahindra Manulife Mid Cap Fund Direct Growth are:-
  1. Manish Lodha
  2. Abhinav Khandelwal