Fund Overview
Fund Size
₹5,186 Cr
Expense Ratio
0.76%
ISIN
INF174V01507
Minimum SIP
₹1,000
Exit Load
1.00%
Inception Date
23 Jan 2018
About this fund
As of 27-Aug-26, it has a Net Asset Value (NAV) of ₹42.79, Assets Under Management (AUM) of 5186.23 Crores, and an expense ratio of 0.76%.
- Mahindra Manulife Mid Cap Fund Direct Growth has given a CAGR return of 18.44% since inception.
- The fund's asset allocation comprises around 97.33% in equities, 0.00% in debts, and 2.67% 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
+16.39%
+12.00% (Cat Avg.)
3 Years
+21.43%
+18.58% (Cat Avg.)
5 Years
+20.15%
+17.07% (Cat Avg.)
Since Inception
+18.44%
— (Cat Avg.)
Portfolio Summaryas of 31st July 2026
| Equity | ₹5,047.78 Cr | 97.33% |
| Others | ₹138.45 Cr | 2.67% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| The Federal Bank Ltd | Equity | ₹195.77 Cr | 3.77% |
| IndusInd Bank Ltd | Equity | ₹181.38 Cr | 3.50% |
| Nippon Life India Asset Management Ltd Ordinary Shares | Equity | ₹135.24 Cr | 2.61% |
| L&T Finance Ltd | Equity | ₹132.77 Cr | 2.56% |
| Coforge Ltd | Equity | ₹131.81 Cr | 2.54% |
| Aditya Birla Capital Ltd | Equity | ₹129.92 Cr | 2.51% |
| Triparty Repo | Cash - Repurchase Agreement | ₹126.77 Cr | 2.44% |
| Glenmark Pharmaceuticals Ltd | Equity | ₹126.05 Cr | 2.43% |
| KEI Industries Ltd | Equity | ₹120.74 Cr | 2.33% |
| AIA Engineering Ltd | Equity | ₹118.88 Cr | 2.29% |
| Fortis Healthcare Ltd | Equity | ₹117.94 Cr | 2.27% |
| JSW Energy Ltd | Equity | ₹116.59 Cr | 2.25% |
| PB Fintech Ltd | Equity | ₹116.32 Cr | 2.24% |
| IDFC First Bank Ltd | Equity | ₹113.68 Cr | 2.19% |
| Marico Ltd | Equity | ₹108.91 Cr | 2.10% |
| Max Financial Services Ltd | Equity | ₹105.84 Cr | 2.04% |
| Bank of Maharashtra | Equity | ₹104.56 Cr | 2.02% |
| SRF Ltd | Equity | ₹103.27 Cr | 1.99% |
| Anthem Biosciences Ltd | Equity | ₹102.95 Cr | 1.99% |
| Cochin Shipyard Ltd | Equity | ₹102.06 Cr | 1.97% |
| UNO Minda Ltd | Equity | ₹101.66 Cr | 1.96% |
| Radico Khaitan Ltd | Equity | ₹100.82 Cr | 1.94% |
| JK Cement Ltd | Equity | ₹99.77 Cr | 1.92% |
| Tube Investments of India Ltd Ordinary Shares | Equity | ₹98.51 Cr | 1.90% |
| Blue Star Ltd | Equity | ₹98.42 Cr | 1.90% |
| APL Apollo Tubes Ltd | Equity | ₹98.28 Cr | 1.89% |
| Belrise Industries Ltd | Equity | ₹96.2 Cr | 1.85% |
| Biocon Ltd | Equity | ₹95.61 Cr | 1.84% |
| Mphasis Ltd | Equity | ₹88.27 Cr | 1.70% |
| Astral Ltd | Equity | ₹87.83 Cr | 1.69% |
| Karur Vysya Bank Ltd | Equity | ₹87.14 Cr | 1.68% |
| Larsen & Toubro Ltd | Equity | ₹83.35 Cr | 1.61% |
| GE Vernova T&D India Ltd | Equity | ₹83.32 Cr | 1.61% |
| JSW Infrastructure Ltd | Equity | ₹83.24 Cr | 1.60% |
| Equitas Small Finance Bank Ltd Ordinary Shares | Equity | ₹81.55 Cr | 1.57% |
| 360 One Wam Ltd Ordinary Shares | Equity | ₹80.35 Cr | 1.55% |
| Godrej Properties Ltd | Equity | ₹79.38 Cr | 1.53% |
| Triveni Turbine Ltd | Equity | ₹76.42 Cr | 1.47% |
| Minda Corp Ltd | Equity | ₹74.42 Cr | 1.43% |
| Shriram Finance Ltd | Equity | ₹73.85 Cr | 1.42% |
| Ceat Ltd | Equity | ₹73.57 Cr | 1.42% |
| Solar Industries India Ltd | Equity | ₹72.79 Cr | 1.40% |
| Aster DM Quality Care Ltd Ordinary Shares | Equity | ₹71.31 Cr | 1.37% |
| Varun Beverages Ltd | Equity | ₹70.98 Cr | 1.37% |
| NMDC Ltd | Equity | ₹69.06 Cr | 1.33% |
| Bharti Hexacom Ltd | Equity | ₹66.71 Cr | 1.29% |
| Elecon Engineering Co Ltd | Equity | ₹58.28 Cr | 1.12% |
| Container Corporation of India Ltd | Equity | ₹55 Cr | 1.06% |
| Schaeffler India Ltd | Equity | ₹54.76 Cr | 1.06% |
| Kajaria Ceramics Ltd | Equity | ₹53.32 Cr | 1.03% |
| Kirloskar Brothers Ltd | Equity | ₹49.87 Cr | 0.96% |
| Garden Reach Shipbuilders & Engineers Ltd | Equity | ₹47.57 Cr | 0.92% |
| ITC Hotels Ltd | Equity | ₹46.67 Cr | 0.90% |
| LIC Housing Finance Ltd | Equity | ₹44.2 Cr | 0.85% |
| Dalmia Bharat Ltd | Equity | ₹42.25 Cr | 0.81% |
| LG Electronics India Ltd | Equity | ₹38.38 Cr | 0.74% |
| Net Receivables / (Payables) | Cash | ₹10.17 Cr | 0.20% |
| Margin Placed With Ccil & Arcl | Cash - Repurchase Agreement | ₹1.51 Cr | 0.03% |
Allocation By Market Cap (Equity)
Large Cap Stocks
5.80%
Mid Cap Stocks
77.21%
Small Cap Stocks
14.32%
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹1,582.56 Cr | 30.51% |
| Industrials | ₹1,320.07 Cr | 25.45% |
| Healthcare | ₹513.86 Cr | 9.91% |
| Consumer Cyclical | ₹447.29 Cr | 8.62% |
| Basic Materials | ₹382.15 Cr | 7.37% |
| Consumer Defensive | ₹280.71 Cr | 5.41% |
| Technology | ₹258.45 Cr | 4.98% |
| Utilities | ₹116.59 Cr | 2.25% |
| Real Estate | ₹79.38 Cr | 1.53% |
| Communication Services | ₹66.71 Cr | 1.29% |
Risk & Performance Ratios
Standard Deviation
This fund
17.30%
Cat. avg.
17.83%
Lower the better
Sharpe Ratio
This fund
0.85
Cat. avg.
0.68
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
1.05
Higher the better
Fund Managers
Krishna Sanghavi
Since October 2024
Neelesh Dhamnaskar
Since February 2026
Kirti Dalvi
Since December 2024
Additional Scheme Detailsas of 31st July 2026
ISIN INF174V01507 | Expense Ratio 0.76% | Exit Load 1.00% | Fund Size ₹5,186 Cr | Age 8 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  |
|---|---|---|---|---|
| The Wealth Company Mid Cap Fund Regular Growth Very High Risk | - | 1.0% | - | - |
| The Wealth Company Mid Cap Fund Direct Growth Very High Risk | - | 1.0% | - | - |
| SBI Nifty Midcap 150 ETF Very High Risk | 0.2% | - | ₹12.97 Cr | - |
| Kotak Nifty Midcap 50 ETF Very High Risk | 0.3% | - | ₹206.59 Cr | 15.0% |
| TRUSTMF Mid Cap Fund Direct Growth Very High Risk | 0.6% | 1.0% | ₹429.31 Cr | - |
| TRUSTMF Mid Cap Fund Regular Growth Very High Risk | 2.1% | 1.0% | ₹429.31 Cr | - |
| Samco Mid Cap Fund Direct Growth Very High Risk | 1.9% | 1.0% | ₹78.01 Cr | - |
| Samco Mid Cap Fund Regular Growth Very High Risk | 3.3% | 1.0% | ₹78.01 Cr | - |
| DSP Nifty Midcap 150 ETF Very High Risk | 0.4% | - | ₹5.57 Cr | - |
| Groww Nifty Midcap 150 ETF Very High Risk | 0.3% | - | ₹6.11 Cr | - |
| Bank of India Mid Cap Fund Direct Growth Very High Risk | 1.0% | 1.0% | ₹732.64 Cr | 8.5% |
| Bank of India Mid Cap Fund Regular Growth Very High Risk | 2.0% | 1.0% | ₹732.64 Cr | 7.3% |
| Kotak Nifty Midcap 150 ETF Very High Risk | 0.1% | - | ₹13.35 Cr | 11.8% |
| Helios Mid Cap Fund Direct Growth Very High Risk | 0.9% | 1.0% | ₹1951.37 Cr | 17.5% |
| Helios Mid Cap Fund Regular Growth Very High Risk | 2.4% | 1.0% | ₹1951.37 Cr | 15.7% |
| ICICI Prudential Nifty Midcap 150 ETF Very High Risk | 0.2% | - | ₹774.35 Cr | 11.9% |
| ICICI Prudential Midcap Select ETF Very High Risk | 0.2% | - | ₹112.81 Cr | 16.3% |
| Zerodha Nifty Midcap 150 ETF Very High Risk | 0.2% | - | ₹262.06 Cr | 12.6% |
| LIC MF Nifty Midcap 100 ETF Very High Risk | 0.2% | - | ₹669.26 Cr | 13.2% |
| HDFC NIFTY Midcap 150 ETF Very High Risk | 0.2% | - | ₹157.68 Cr | 11.7% |
| UTI Nifty Midcap 150 ETF Very High Risk | 0.3% | - | ₹13.25 Cr | 11.8% |
| Invesco India Mid Cap Fund Regular Growth Very High Risk | 1.4% | 1.0% | ₹14721.45 Cr | 11.8% |
| HSBC Midcap Fund Direct Growth Very High Risk | 1.2% | 1.0% | ₹15578.18 Cr | 24.9% |
| Canara Robeco Mid Cap Fund Regular Growth Very High Risk | 1.6% | 1.0% | ₹4977.21 Cr | 9.0% |
| Canara Robeco Mid Cap Fund Direct Growth Very High Risk | 0.5% | 1.0% | ₹4977.21 Cr | 10.3% |
| ICICI Prudential Midcap Fund Direct Growth Very High Risk | 1.1% | 1.0% | ₹7953.69 Cr | 20.7% |
| Nippon India Growth Fund Direct Growth Very High Risk | 0.6% | 1.0% | ₹50750.81 Cr | 12.2% |
| Edelweiss Mid Cap Fund Direct Growth Very High Risk | 0.7% | 1.0% | ₹18704.00 Cr | 12.1% |
| Invesco India Mid Cap Fund Direct Growth Very High Risk | 0.5% | 1.0% | ₹14721.45 Cr | 13.1% |
| Kotak Emerging Equity Scheme Direct Growth Very High Risk | 0.4% | 1.0% | ₹69282.83 Cr | 10.8% |
| JM Midcap Fund Regular Growth Very High Risk | 2.4% | 1.0% | ₹1295.14 Cr | 13.7% |
| JM Midcap Fund Direct Growth Very High Risk | 0.9% | 1.0% | ₹1295.14 Cr | 15.5% |
| Mirae Asset Nifty Midcap 150 ETF Very High Risk | 0.1% | - | ₹1825.60 Cr | 12.0% |
| DSP Midcap Fund Regular Growth Very High Risk | 1.7% | 1.0% | ₹20522.87 Cr | 8.1% |
| Kotak Emerging Equity Scheme Regular Growth Very High Risk | 1.4% | 1.0% | ₹69282.83 Cr | 9.7% |
| 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 | 1.3% | 1.0% | ₹105142.69 Cr | 11.2% |
| Nippon India ETF Nifty Midcap 150 Very High Risk | 0.2% | - | ₹3729.09 Cr | 11.8% |
| UTI Mid Cap Fund Direct Growth Very High Risk | 1.1% | 1.0% | ₹12379.17 Cr | 8.7% |
| Axis Midcap Fund Direct Growth Very High Risk | 0.8% | 1.0% | ₹34403.73 Cr | 10.5% |
| HDFC Mid-Cap Opportunities Fund Direct Growth Very High Risk | 0.8% | 1.0% | ₹105142.69 Cr | 11.9% |
| Aditya Birla Sun Life Mid Cap Fund Direct Growth Very High Risk | 0.9% | 1.0% | ₹6722.78 Cr | 13.0% |
| Baroda BNP Paribas Mid Cap Fund Direct Growth Very High Risk | 0.5% | 1.0% | ₹2584.12 Cr | 15.7% |
| SBI Magnum Midcap Fund Direct Growth Very High Risk | 1.0% | 0.0% | ₹24353.77 Cr | 9.2% |
| Sundaram Mid Cap Fund Direct Growth Very High Risk | 0.8% | 1.0% | ₹14504.36 Cr | 12.4% |
| Tata Mid Cap Growth Fund Direct Growth Very High Risk | 0.8% | 0.0% | ₹6056.43 Cr | 11.9% |
| Taurus Discovery (Midcap) Fund Direct Growth Very High Risk | 1.7% | 1.0% | ₹135.02 Cr | 9.0% |
| DSP Midcap Fund Direct Growth Very High Risk | 0.8% | 1.0% | ₹20522.87 Cr | 9.1% |
| Quant Mid Cap Fund Direct Growth Very High Risk | 1.2% | 0.0% | ₹8106.70 Cr | 9.2% |
About the AMC
Mahindra Manulife Mutual Fund
Total AUM
₹35,080 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
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- Krishna Sanghavi
- Neelesh Dhamnaskar
- Kirti Dalvi
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