Fund Overview
Fund Size
₹3,293 Cr
Expense Ratio
0.43%
ISIN
INF174V01507
Minimum SIP
₹1,000
Exit Load
1.00%
Inception Date
23 Jan 2018
About this fund
As of 11-Sep-24, it has a Net Asset Value (NAV) of ₹38.47, Assets Under Management (AUM) of 3292.76 Crores, and an expense ratio of 0.43%.
- Mahindra Manulife Mid Cap Fund Direct Growth has given a CAGR return of 22.52% since inception.
- The fund's asset allocation comprises around 95.58% in equities, 0.00% in debts, and 4.42% 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
+49.42%
+45.35% (Cat Avg.)
3 Years
+28.97%
+24.25% (Cat Avg.)
5 Years
+33.26%
+29.45% (Cat Avg.)
Since Inception
+22.52%
— (Cat Avg.)
Portfolio Summaryas of 31st August 2024
| Equity | ₹3,147.28 Cr | 95.58% |
| Others | ₹145.48 Cr | 4.42% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Persistent Systems Ltd | Equity | ₹114.89 Cr | 3.49% |
| Indus Towers Ltd Ordinary Shares | Equity | ₹101.31 Cr | 3.08% |
| LTIMindtree Ltd | Equity | ₹92.09 Cr | 2.80% |
| Net Receivables / (Payables) | Cash | ₹89.69 Cr | 2.72% |
| Aurobindo Pharma Ltd | Equity | ₹86.32 Cr | 2.62% |
| State Bank of India | Equity | ₹81.56 Cr | 2.48% |
| Max Healthcare Institute Ltd Ordinary Shares | Equity | ₹81.07 Cr | 2.46% |
| Zomato Ltd | Equity | ₹75.16 Cr | 2.28% |
| Indian Bank | Equity | ₹73.75 Cr | 2.24% |
| Hero MotoCorp Ltd | Equity | ₹73.14 Cr | 2.22% |
| CG Power & Industrial Solutions Ltd | Equity | ₹69.32 Cr | 2.11% |
| Cummins India Ltd | Equity | ₹67.4 Cr | 2.05% |
| Colgate-Palmolive (India) Ltd | Equity | ₹65.53 Cr | 1.99% |
| Mphasis Ltd | Equity | ₹65.2 Cr | 1.98% |
| Hindustan Petroleum Corp Ltd | Equity | ₹64.95 Cr | 1.97% |
| Godrej Industries Ltd | Equity | ₹64.87 Cr | 1.97% |
| Samvardhana Motherson International Ltd | Equity | ₹64.44 Cr | 1.96% |
| Suzlon Energy Ltd | Equity | ₹60.67 Cr | 1.84% |
| Petronet LNG Ltd | Equity | ₹60.6 Cr | 1.84% |
| Nippon Life India Asset Management Ltd Ordinary Shares | Equity | ₹60.57 Cr | 1.84% |
| Power Finance Corp Ltd | Equity | ₹60.45 Cr | 1.84% |
| Ramco Cements Ltd | Equity | ₹59.02 Cr | 1.79% |
| Deepak Nitrite Ltd | Equity | ₹58.22 Cr | 1.77% |
| Zydus Lifesciences Ltd | Equity | ₹56.4 Cr | 1.71% |
| L&T Finance Ltd | Equity | ₹55.89 Cr | 1.70% |
| Triparty Repo | Cash - Repurchase Agreement | ₹55.8 Cr | 1.69% |
| Jindal Steel & Power Ltd | Equity | ₹50.95 Cr | 1.55% |
| Steel Authority Of India Ltd | Equity | ₹50.8 Cr | 1.54% |
| Bharti Hexacom Ltd | Equity | ₹50.08 Cr | 1.52% |
| Alkem Laboratories Ltd | Equity | ₹49.98 Cr | 1.52% |
| REC Ltd | Equity | ₹49.15 Cr | 1.49% |
| HDFC Bank Ltd | Equity | ₹49.11 Cr | 1.49% |
| Torrent Power Ltd | Equity | ₹47.42 Cr | 1.44% |
| Schaeffler India Ltd | Equity | ₹46.51 Cr | 1.41% |
| Apar Industries Ltd | Equity | ₹45.82 Cr | 1.39% |
| Minda Corp Ltd | Equity | ₹45.44 Cr | 1.38% |
| Biocon Ltd | Equity | ₹44.89 Cr | 1.36% |
| Oil India Ltd | Equity | ₹44.46 Cr | 1.35% |
| Abbott India Ltd | Equity | ₹42.27 Cr | 1.28% |
| Marico Ltd | Equity | ₹42.06 Cr | 1.28% |
| Endurance Technologies Ltd | Equity | ₹40.78 Cr | 1.24% |
| Anant Raj Ltd | Equity | ₹39.93 Cr | 1.21% |
| The Federal Bank Ltd | Equity | ₹38.94 Cr | 1.18% |
| Page Industries Ltd | Equity | ₹37.84 Cr | 1.15% |
| Aditya Birla Fashion and Retail Ltd | Equity | ₹37.4 Cr | 1.14% |
| KEI Industries Ltd | Equity | ₹36.88 Cr | 1.12% |
| Voltas Ltd | Equity | ₹36.62 Cr | 1.11% |
| LIC Housing Finance Ltd | Equity | ₹35.41 Cr | 1.08% |
| Bharat Forge Ltd | Equity | ₹34.91 Cr | 1.06% |
| Dixon Technologies (India) Ltd | Equity | ₹34.24 Cr | 1.04% |
| CRISIL Ltd | Equity | ₹32.71 Cr | 0.99% |
| Escorts Kubota Ltd | Equity | ₹30.83 Cr | 0.94% |
| Emami Ltd | Equity | ₹30.53 Cr | 0.93% |
| Bandhan Bank Ltd | Equity | ₹29.64 Cr | 0.90% |
| Bayer CropScience Ltd | Equity | ₹28.24 Cr | 0.86% |
| Grindwell Norton Ltd | Equity | ₹27.82 Cr | 0.84% |
| ZF Commercial Vehicle Control Systems India Ltd | Equity | ₹27.08 Cr | 0.82% |
| Century Textiles & Industries Ltd | Equity | ₹27.02 Cr | 0.82% |
| NMDC Ltd | Equity | ₹26.72 Cr | 0.81% |
| Jindal Stainless Ltd | Equity | ₹25.39 Cr | 0.77% |
| Aarti Industries Ltd | Equity | ₹25.08 Cr | 0.76% |
| Linde India Ltd | Equity | ₹21.68 Cr | 0.66% |
| Solar Industries India Ltd | Equity | ₹21.46 Cr | 0.65% |
| Lakshmi Machine Works Ltd | Equity | ₹15.73 Cr | 0.48% |
| Vedant Fashions Ltd | Equity | ₹12.5 Cr | 0.38% |
| UNO Minda Ltd | Equity | ₹11.86 Cr | 0.36% |
| Gland Pharma Ltd | Equity | ₹8.27 Cr | 0.25% |
Allocation By Market Cap (Equity)
Large Cap Stocks
15.20%
Mid Cap Stocks
68.78%
Small Cap Stocks
10.08%
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹567.17 Cr | 17.22% |
| Consumer Cyclical | ₹507.07 Cr | 15.40% |
| Industrials | ₹455.96 Cr | 13.85% |
| Basic Materials | ₹394.58 Cr | 11.98% |
| Healthcare | ₹369.2 Cr | 11.21% |
| Technology | ₹306.42 Cr | 9.31% |
| Energy | ₹170.02 Cr | 5.16% |
| Communication Services | ₹151.39 Cr | 4.60% |
| Consumer Defensive | ₹138.13 Cr | 4.19% |
| Utilities | ₹47.42 Cr | 1.44% |
| Real Estate | ₹39.93 Cr | 1.21% |
Risk & Performance Ratios
Standard Deviation
This fund
15.07%
Cat. avg.
14.34%
Lower the better
Sharpe Ratio
This fund
1.48
Cat. avg.
1.26
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
2.62
Higher the better
Fund Managers
Manish Lodha
Since December 2020
Abhinav Khandelwal
Since February 2022
Additional Scheme Detailsas of 31st August 2024
ISIN | INF174V01507 | Expense Ratio | 0.43% | Exit Load | 1.00% | Fund Size | ₹3,293 Cr | Age | 23 Jan 2018 | 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:
- If units are sold after 1 year from the date of investment: Gains up to INR 1.25 lakh in a financial year are exempt from tax. Any gains exceeding INR 1.25 lakh are taxed at a rate of 12.5%.
- If units are sold within 1 year from the date of investment: The entire amount of gain is taxed at a rate of 20%.
- Holding the units: No tax is applicable as long as you continue to hold the units.
Dividend Taxation:
Dividends are added to the investor’s income and taxed according to their respective tax slabs. Additionally, if an investors dividend income exceeds INR 5,000 in a financial year, the fund house deducts a 10% Tax Deducted at Source (TDS) before distributing the dividend.
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  |
|---|---|---|---|---|
| Bandhan Midcap Fund Regular Growth Very High Risk | 2.1% | 1.0% | ₹1459.13 Cr | 43.7% |
| Bandhan Midcap Fund Direct Growth Very High Risk | 0.6% | 1.0% | ₹1459.13 Cr | 46.0% |
| Motilal Oswal Midcap Fund Regular Growth Very High Risk | 1.7% | 1.0% | ₹14445.55 Cr | 60.2% |
| 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% | ₹17560.99 Cr | 36.6% |
| Mirae Asset Midcap Fund Direct Growth Very High Risk | 0.6% | 1.0% | ₹17560.99 Cr | 38.1% |
| Axis Midcap Fund Regular Growth Very High Risk | 1.6% | 1.0% | ₹31321.58 Cr | 40.6% |
| Mahindra Manulife Mid Cap Fund Direct Growth Very High Risk | 0.4% | 1.0% | ₹3292.76 Cr | 49.4% |
| Mahindra Manulife Mid Cap Fund Regular Growth Very High Risk | 1.9% | 1.0% | ₹3292.76 Cr | 47.2% |
| Tata Mid Cap Growth Fund Regular Growth Very High Risk | 1.9% | 1.0% | ₹4514.03 Cr | 40.5% |
About the AMC
Total AUM
₹4,96,460 Cr
Address
2nd Floor, 12-BKC, Plot No C-12, Mumbai, 400 051
Other Funds by Kotak Mahindra Mutual Fund
Risk Level
Your principal amount will be at Very High Risk
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- Manish Lodha
- Abhinav Khandelwal
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