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Fund Overview
Fund Size
₹7,457 Cr
Expense Ratio
0.95%
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 9 years, 5 months and 8 days, having been launched on 11-May-17.
As of 16-Oct-26, it has a Net Asset Value (NAV) of ₹44.78, Assets Under Management (AUM) of 7457.36 Crores, and an expense ratio of 0.95%.
As of 16-Oct-26, it has a Net Asset Value (NAV) of ₹44.78, Assets Under Management (AUM) of 7457.36 Crores, and an expense ratio of 0.95%.
- Mahindra Manulife Multi Cap Fund Direct Growth has given a CAGR return of 17.22% since inception.
- The fund's asset allocation comprises around 92.75% in equities, 0.00% in debts, and 7.25% 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
+7.57%
+0.40% (Cat Avg.)
3 Years
+15.94%
+12.31% (Cat Avg.)
5 Years
+13.56%
+10.93% (Cat Avg.)
Since Inception
+17.22%
— (Cat Avg.)
Portfolio Summaryas of 30th September 2026
| Equity | ₹6,916.75 Cr | 92.75% |
| Others | ₹540.61 Cr | 7.25% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Triparty Repo | Cash - Repurchase Agreement | ₹434.5 Cr | 5.83% |
| Divi's Laboratories Ltd | Equity | ₹373.8 Cr | 5.01% |
| Multi Commodity Exchange of India Ltd | Equity | ₹313.87 Cr | 4.21% |
| ICICI Bank Ltd | Equity | ₹242.8 Cr | 3.26% |
| HDFC Bank Ltd | Equity | ₹212.61 Cr | 2.85% |
| Adani Enterprises Ltd | Equity | ₹207.99 Cr | 2.79% |
| Neuland Laboratories Ltd | Equity | ₹203.56 Cr | 2.73% |
| Oil India Ltd | Equity | ₹183.96 Cr | 2.47% |
| Torrent Pharmaceuticals Ltd | Equity | ₹175.23 Cr | 2.35% |
| APL Apollo Tubes Ltd | Equity | ₹161.27 Cr | 2.16% |
| PTC Industries Ltd | Equity | ₹160.2 Cr | 2.15% |
| Avenue Supermarts Ltd | Equity | ₹150.54 Cr | 2.02% |
| Hindustan Zinc Ltd | Equity | ₹144.33 Cr | 1.94% |
| Voltamp Transformers Ltd | Equity | ₹141.99 Cr | 1.90% |
| Jindal Saw Ltd | Equity | ₹139.56 Cr | 1.87% |
| UltraTech Cement Ltd | Equity | ₹136.95 Cr | 1.84% |
| State Bank of India | Equity | ₹133.37 Cr | 1.79% |
| Oracle Financial Services Software Ltd | Equity | ₹127.56 Cr | 1.71% |
| P N Gadgil Jewellers Ltd | Equity | ₹118.06 Cr | 1.58% |
| Adani Energy Solutions Ltd | Equity | ₹116.74 Cr | 1.57% |
| Alkem Laboratories Ltd | Equity | ₹115.36 Cr | 1.55% |
| Sun TV Network Ltd | Equity | ₹113.31 Cr | 1.52% |
| Bajaj Auto Ltd | Equity | ₹106.54 Cr | 1.43% |
| Bandhan Bank Ltd | Equity | ₹105.55 Cr | 1.42% |
| Aarti Industries Ltd | Equity | ₹102.79 Cr | 1.38% |
| Vodafone Idea Ltd | Equity | ₹99.07 Cr | 1.33% |
| Supreme Industries Ltd | Equity | ₹96.58 Cr | 1.30% |
| Manappuram Finance Ltd | Equity | ₹95.65 Cr | 1.28% |
| Radico Khaitan Ltd | Equity | ₹93.14 Cr | 1.25% |
| Mphasis Ltd | Equity | ₹91.19 Cr | 1.22% |
| Maruti Suzuki India Ltd | Equity | ₹87.6 Cr | 1.17% |
| Glenmark Pharmaceuticals Ltd | Equity | ₹86.85 Cr | 1.16% |
| Max Healthcare Institute Ltd Ordinary Shares | Equity | ₹80.78 Cr | 1.08% |
| Godfrey Phillips India Ltd | Equity | ₹80.18 Cr | 1.08% |
| Kajaria Ceramics Ltd | Equity | ₹78.41 Cr | 1.05% |
| Ujjivan Small Finance Bank Ltd Ordinary Shares | Equity | ₹77.99 Cr | 1.05% |
| One97 Communications Ltd | Equity | ₹76.66 Cr | 1.03% |
| IndusInd Bank Ltd | Equity | ₹75.96 Cr | 1.02% |
| Larsen & Toubro Ltd | Equity | ₹75.29 Cr | 1.01% |
| Vedanta Aluminium Metal Ltd | Equity | ₹74.32 Cr | 1.00% |
| Lenskart Solutions Ltd | Equity | ₹73.99 Cr | 0.99% |
| Motilal Oswal Financial Services Ltd | Equity | ₹73.64 Cr | 0.99% |
| Eternal Ltd | Equity | ₹73.49 Cr | 0.99% |
| Laurus Labs Ltd | Equity | ₹73.26 Cr | 0.98% |
| Astral Ltd | Equity | ₹70.19 Cr | 0.94% |
| Nippon Life India Asset Management Ltd Ordinary Shares | Equity | ₹68.26 Cr | 0.92% |
| Ramco Cements Ltd | Equity | ₹67.71 Cr | 0.91% |
| Anthem Biosciences Ltd | Equity | ₹65.89 Cr | 0.88% |
| Sai Life Sciences Ltd | Equity | ₹65.47 Cr | 0.88% |
| PB Fintech Ltd | Equity | ₹65.01 Cr | 0.87% |
| JSW Steel Ltd | Equity | ₹61.29 Cr | 0.82% |
| Tech Mahindra Ltd | Equity | ₹60.96 Cr | 0.82% |
| Reliance Industries Ltd | Equity | ₹59.35 Cr | 0.80% |
| Tilaknagar Industries Ltd | Equity | ₹58.54 Cr | 0.78% |
| NTPC Ltd | Equity | ₹58.1 Cr | 0.78% |
| Max Financial Services Ltd | Equity | ₹54.94 Cr | 0.74% |
| Sagility Ltd | Equity | ₹53.67 Cr | 0.72% |
| JK Cement Ltd | Equity | ₹52.58 Cr | 0.71% |
| DCB Bank Ltd | Equity | ₹52.16 Cr | 0.70% |
| Net Receivables / (Payables) | Cash | ₹52.04 Cr | 0.70% |
| Blue Star Ltd | Equity | ₹51.16 Cr | 0.69% |
| Coal India Ltd | Equity | ₹51 Cr | 0.68% |
| Mahindra Manu Liquid Dir Gr | Mutual Fund - Open End | ₹50.01 Cr | 0.67% |
| Nitin Spinners Ltd | Equity | ₹46.79 Cr | 0.63% |
| Sun Pharmaceuticals Industries Ltd | Equity | ₹45.36 Cr | 0.61% |
| Union Bank of India | Equity | ₹41.04 Cr | 0.55% |
| Navin Fluorine International Ltd | Equity | ₹36.28 Cr | 0.49% |
| InterGlobe Aviation Ltd | Equity | ₹29.9 Cr | 0.40% |
| Arvind Fashions Ltd | Equity | ₹28.21 Cr | 0.38% |
| Oil & Natural Gas Corp Ltd | Equity | ₹27.1 Cr | 0.36% |
| Shriram Finance Ltd | Equity | ₹23.58 Cr | 0.32% |
| Cholamandalam Financial Holdings Ltd | Equity | ₹20.52 Cr | 0.28% |
| Oswal Pumps Ltd | Equity | ₹14.87 Cr | 0.20% |
| Hatsun Agro Product Ltd | Equity | ₹13.99 Cr | 0.19% |
| Piramal Finance Ltd | Equity | ₹11.72 Cr | 0.16% |
| Gokaldas Exports Ltd | Equity | ₹9.14 Cr | 0.12% |
| Margin Placed With Ccil & Arcl | Cash - Repurchase Agreement | ₹4.06 Cr | 0.05% |
Allocation By Market Cap (Equity)
Large Cap Stocks
38.46%
Mid Cap Stocks
30.09%
Small Cap Stocks
24.20%
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹1,668.67 Cr | 22.38% |
| Healthcare | ₹1,413.21 Cr | 18.95% |
| Basic Materials | ₹977.09 Cr | 13.10% |
| Industrials | ₹718.58 Cr | 9.64% |
| Energy | ₹529.4 Cr | 7.10% |
| Consumer Cyclical | ₹469.83 Cr | 6.30% |
| Consumer Defensive | ₹396.38 Cr | 5.32% |
| Technology | ₹356.37 Cr | 4.78% |
| Communication Services | ₹212.38 Cr | 2.85% |
| Utilities | ₹174.83 Cr | 2.34% |
Risk & Performance Ratios
Standard Deviation
This fund
16.95%
Cat. avg.
16.57%
Lower the better
Sharpe Ratio
This fund
0.62
Cat. avg.
0.43
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
0.65
Higher the better
Fund Managers
Fatema Pacha
Since October 2020
VJ
Vishal Jajoo
Since November 2025
Additional Scheme Detailsas of 30th September 2026
ISIN INF174V01341 | Expense Ratio 0.95% | Exit Load 1.00% | Fund Size ₹7,457 Cr | Age 9 years 5 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
₹39,084 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 16-Oct-2026, is ₹44.78.
What are the returns of Mahindra Manulife Multi Cap Fund Direct Growth?
The fund has generated 7.57% over the last 1 year and 15.94% 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 92.75% in equities, 0.00% in bonds, and 7.25% 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.
