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Fund Overview
Fund Size
₹6,046 Cr
Expense Ratio
0.41%
ISIN
INF174V01341
Minimum SIP
₹1,000
Exit Load
1.00%
Inception Date
11 May 2017
About this fund
Mahindra Manulife Multi Cap Fund Direct Growth is a Multi-Cap mutual fund schemes offered by Mahindra Manulife Mutual Fund. This fund has been in existence for 8 years, 9 months and 10 days, having been launched on 11-May-17.
As of 20-Feb-26, it has a Net Asset Value (NAV) of ₹42.01, Assets Under Management (AUM) of 6045.74 Crores, and an expense ratio of 0.41%.
As of 20-Feb-26, it has a Net Asset Value (NAV) of ₹42.01, Assets Under Management (AUM) of 6045.74 Crores, and an expense ratio of 0.41%.
- Mahindra Manulife Multi Cap Fund Direct Growth has given a CAGR return of 17.75% 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 Multi 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
+16.57%
+13.07% (Cat Avg.)
3 Years
+22.65%
+19.09% (Cat Avg.)
5 Years
+20.60%
+16.77% (Cat Avg.)
Since Inception
+17.75%
— (Cat Avg.)
Portfolio Summaryas of 31st January 2026
| Equity | ₹5,852.76 Cr | 96.81% |
| Others | ₹192.97 Cr | 3.19% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| ICICI Bank Ltd | Equity | ₹230.76 Cr | 3.82% |
| Indus Towers Ltd Ordinary Shares | Equity | ₹199.49 Cr | 3.30% |
| Glenmark Pharmaceuticals Ltd | Equity | ₹199.37 Cr | 3.30% |
| Net Receivables / (Payables) | Cash | ₹192.97 Cr | 3.19% |
| Divi's Laboratories Ltd | Equity | ₹172.45 Cr | 2.85% |
| UltraTech Cement Ltd | Equity | ₹158.68 Cr | 2.62% |
| Axis Bank Ltd | Equity | ₹143.89 Cr | 2.38% |
| Multi Commodity Exchange of India Ltd | Equity | ₹142.83 Cr | 2.36% |
| Shriram Finance Ltd | Equity | ₹142.8 Cr | 2.36% |
| Polycab India Ltd | Equity | ₹135.36 Cr | 2.24% |
| Piramal Finance Ltd | Equity | ₹133.27 Cr | 2.20% |
| State Bank of India | Equity | ₹124.41 Cr | 2.06% |
| Reliance Industries Ltd | Equity | ₹115.12 Cr | 1.90% |
| LTIMindtree Ltd | Equity | ₹114.71 Cr | 1.90% |
| PTC Industries Ltd | Equity | ₹112.31 Cr | 1.86% |
| Bajaj Auto Ltd | Equity | ₹108.45 Cr | 1.79% |
| Maruti Suzuki India Ltd | Equity | ₹106.86 Cr | 1.77% |
| Laurus Labs Ltd | Equity | ₹106.15 Cr | 1.76% |
| IDFC First Bank Ltd | Equity | ₹102.26 Cr | 1.69% |
| ICICI Prudential Asset Management Co Ltd | Equity | ₹101.46 Cr | 1.68% |
| Neuland Laboratories Ltd | Equity | ₹97.03 Cr | 1.60% |
| Mphasis Ltd | Equity | ₹96.57 Cr | 1.60% |
| Bajaj Finserv Ltd | Equity | ₹95.68 Cr | 1.58% |
| Jamna Auto Industries Ltd | Equity | ₹92.96 Cr | 1.54% |
| Aurobindo Pharma Ltd | Equity | ₹90.58 Cr | 1.50% |
| Ramco Cements Ltd | Equity | ₹89.77 Cr | 1.48% |
| Manappuram Finance Ltd | Equity | ₹87.17 Cr | 1.44% |
| Sai Life Sciences Ltd | Equity | ₹86.96 Cr | 1.44% |
| Mahindra & Mahindra Ltd | Equity | ₹85.8 Cr | 1.42% |
| SRF Ltd | Equity | ₹84.43 Cr | 1.40% |
| Larsen & Toubro Ltd | Equity | ₹82.27 Cr | 1.36% |
| IIFL Finance Ltd | Equity | ₹80.36 Cr | 1.33% |
| Angel One Ltd Ordinary Shares | Equity | ₹76.33 Cr | 1.26% |
| Belrise Industries Ltd | Equity | ₹73.47 Cr | 1.22% |
| Vedanta Ltd | Equity | ₹71.56 Cr | 1.18% |
| Voltamp Transformers Ltd | Equity | ₹69.86 Cr | 1.16% |
| Dalmia Bharat Ltd | Equity | ₹67.67 Cr | 1.12% |
| DCB Bank Ltd | Equity | ₹64.38 Cr | 1.06% |
| Infosys Ltd | Equity | ₹63.8 Cr | 1.06% |
| Sagility Ltd | Equity | ₹62.94 Cr | 1.04% |
| Oracle Financial Services Software Ltd | Equity | ₹62.08 Cr | 1.03% |
| Blue Star Ltd | Equity | ₹61.23 Cr | 1.01% |
| Kajaria Ceramics Ltd | Equity | ₹60.01 Cr | 0.99% |
| IndusInd Bank Ltd | Equity | ₹58.25 Cr | 0.96% |
| Bharti Airtel Ltd | Equity | ₹58.08 Cr | 0.96% |
| Bandhan Bank Ltd | Equity | ₹57.99 Cr | 0.96% |
| JK Cement Ltd | Equity | ₹57.22 Cr | 0.95% |
| ICICI Lombard General Insurance Co Ltd | Equity | ₹55.33 Cr | 0.92% |
| Cholamandalam Financial Holdings Ltd | Equity | ₹54.61 Cr | 0.90% |
| CRISIL Ltd | Equity | ₹52.39 Cr | 0.87% |
| Astral Ltd | Equity | ₹51.68 Cr | 0.85% |
| Great Eastern Shipping Co Ltd | Equity | ₹50.83 Cr | 0.84% |
| SAMHI Hotels Ltd | Equity | ₹48.91 Cr | 0.81% |
| Aditya Vision Ltd | Equity | ₹47.25 Cr | 0.78% |
| Oil & Natural Gas Corp Ltd | Equity | ₹45.72 Cr | 0.76% |
| Ujjivan Small Finance Bank Ltd Ordinary Shares | Equity | ₹45.68 Cr | 0.76% |
| Ashok Leyland Ltd | Equity | ₹42.71 Cr | 0.71% |
| Nippon Life India Asset Management Ltd Ordinary Shares | Equity | ₹42.59 Cr | 0.70% |
| CreditAccess Grameen Ltd Ordinary Shares | Equity | ₹42.44 Cr | 0.70% |
| Aarti Industries Ltd | Equity | ₹39.8 Cr | 0.66% |
| Bajaj Finance Ltd | Equity | ₹39.52 Cr | 0.65% |
| Whirlpool of India Ltd | Equity | ₹39.3 Cr | 0.65% |
| ICICI Prudential Life Insurance Co Ltd | Equity | ₹38.21 Cr | 0.63% |
| Arvind Fashions Ltd | Equity | ₹38.16 Cr | 0.63% |
| Gokaldas Exports Ltd | Equity | ₹35.56 Cr | 0.59% |
| Tech Mahindra Ltd | Equity | ₹34.86 Cr | 0.58% |
| Tega Industries Ltd | Equity | ₹34.15 Cr | 0.56% |
| Union Bank of India | Equity | ₹32.54 Cr | 0.54% |
| Stylam Industries Ltd | Equity | ₹30.39 Cr | 0.50% |
| Bank of Baroda | Equity | ₹29.94 Cr | 0.50% |
| Oswal Pumps Ltd | Equity | ₹29.19 Cr | 0.48% |
| Tata Steel Ltd | Equity | ₹28.97 Cr | 0.48% |
| Navin Fluorine International Ltd | Equity | ₹26.84 Cr | 0.44% |
| DOMS Industries Ltd | Equity | ₹26.28 Cr | 0.43% |
| Nitin Spinners Ltd | Equity | ₹25.81 Cr | 0.43% |
| Sri Lotus Developers And Realty Ltd | Equity | ₹24.04 Cr | 0.40% |
| JSW Steel Ltd | Equity | ₹23.91 Cr | 0.40% |
| Tilaknagar Industries Ltd | Equity | ₹10.12 Cr | 0.17% |
Allocation By Market Cap (Equity)
Large Cap Stocks
38.83%
Mid Cap Stocks
27.55%
Small Cap Stocks
30.43%
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹2,075.07 Cr | 34.32% |
| Industrials | ₹864.36 Cr | 14.30% |
| Healthcare | ₹815.48 Cr | 13.49% |
| Consumer Cyclical | ₹732.9 Cr | 12.12% |
| Basic Materials | ₹564.41 Cr | 9.34% |
| Technology | ₹372.02 Cr | 6.15% |
| Communication Services | ₹257.57 Cr | 4.26% |
| Energy | ₹160.84 Cr | 2.66% |
| Consumer Defensive | ₹10.12 Cr | 0.17% |
Risk & Performance Ratios
Standard Deviation
This fund
14.44%
Cat. avg.
14.03%
Lower the better
Sharpe Ratio
This fund
1.03
Cat. avg.
0.87
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
1.40
Higher the better
Fund Managers
Fatema Pacha
Since October 2020
VJ
Vishal Jajoo
Since November 2025
Additional Scheme Detailsas of 31st January 2026
ISIN INF174V01341 | Expense Ratio 0.41% | Exit Load 1.00% | Fund Size ₹6,046 Cr | Age 8 years 9 months | Lumpsum Minimum ₹1,000 | Fund Status Open Ended Investment Company | Benchmark Nifty 500 Multicap 50:25:25 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 Multi-Cap Funds
About the AMC
Mahindra Manulife Mutual Fund
Total AUM
₹33,642 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
Related Articles
Still got questions?
We're here to help.
What is the current NAV of Mahindra Manulife Multi Cap Fund Direct Growth?
The NAV of Mahindra Manulife Multi Cap Fund Direct Growth, as of 20-Feb-2026, is ₹42.01.
What are the returns of Mahindra Manulife Multi Cap Fund Direct Growth?
The fund has generated 16.57% over the last 1 year and 22.65% 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 Multi 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 Multi Cap Fund Direct Growth?
The fund managers responsible for Mahindra Manulife Multi Cap Fund Direct Growth are:-
- Fatema Pacha
- Vishal Jajoo
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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.
