Mahindra Manulife Small Cap Fund Direct Growth

Fund Overview

Fund Size

₹4,053 Cr

Expense Ratio

0.44%

ISIN

INF174V01BK7

Minimum SIP

₹1,000

Exit Load

1.00%

Inception Date

14 Dec 2022

About this fund

Mahindra Manulife Small Cap Fund Direct Growth is a Small-Cap mutual fund schemes offered by Mahindra Manulife Mutual Fund. This fund has been in existence for 2 years, 9 months and 1 days, having been launched on 14-Dec-22.
As of 12-Sep-25, it has a Net Asset Value (NAV) of ₹20.25, Assets Under Management (AUM) of 4052.92 Crores, and an expense ratio of 0.44%.

Mahindra Manulife Small Cap Fund Direct Growth has given a CAGR return of 29.19% since inception.
The fund's asset allocation comprises around 98.34% in equities, 0.00% in debts, and 1.66% in cash & cash equivalents.
You can start investing in Mahindra Manulife Small 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

-7.82%

— (Cat Avg.)

Since Inception

+29.19%

— (Cat Avg.)

Portfolio Summaryas of 31st August 2025

Equity	₹3,985.67 Cr	98.34%
Others	₹67.25 Cr	1.66%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
APL Apollo Tubes Ltd	Equity	₹119.14 Cr	2.99%
Oswal Pumps Ltd	Equity	₹113.52 Cr	2.85%
Godfrey Phillips India Ltd	Equity	₹109.79 Cr	2.76%
eClerx Services Ltd	Equity	₹106.25 Cr	2.67%
Multi Commodity Exchange of India Ltd	Equity	₹99.77 Cr	2.51%
RBL Bank Ltd	Equity	₹96.59 Cr	2.43%
Radico Khaitan Ltd	Equity	₹85.06 Cr	2.14%
Manappuram Finance Ltd	Equity	₹84.51 Cr	2.12%
Laurus Labs Ltd	Equity	₹81.62 Cr	2.05%
Firstsource Solutions Ltd	Equity	₹80 Cr	2.01%
Glenmark Pharmaceuticals Ltd	Equity	₹78.88 Cr	1.98%
Supreme Petrochem Ltd	Equity	₹76.04 Cr	1.91%
Central Depository Services (India) Ltd	Equity	₹74.5 Cr	1.87%
Aditya Birla Real Estate Ltd	Equity	₹73.25 Cr	1.84%
Whirlpool of India Ltd	Equity	₹72.43 Cr	1.82%
IIFL Finance Ltd	Equity	₹72.18 Cr	1.81%
Arvind Fashions Ltd	Equity	₹71.01 Cr	1.78%
Ramco Cements Ltd	Equity	₹69.19 Cr	1.74%
Bajaj Auto Ltd	Equity	₹68.92 Cr	1.73%
Arvind Ltd	Equity	₹68.15 Cr	1.71%
JSW Energy Ltd	Equity	₹66.78 Cr	1.68%
Welspun Corp Ltd	Equity	₹65.79 Cr	1.65%
AGI Greenpac Ltd	Equity	₹65.6 Cr	1.65%
Belrise Industries Ltd	Equity	₹64.64 Cr	1.62%
DOMS Industries Ltd	Equity	₹63.75 Cr	1.60%
CreditAccess Grameen Ltd Ordinary Shares	Equity	₹63.17 Cr	1.59%
Varroc Engineering Ltd Ordinary Shares	Equity	₹63.05 Cr	1.58%
Voltamp Transformers Ltd	Equity	₹61.37 Cr	1.54%
ZF Commercial Vehicle Control Systems India Ltd	Equity	₹60.03 Cr	1.51%
Neuland Laboratories Ltd	Equity	₹59.45 Cr	1.49%
Zensar Technologies Ltd	Equity	₹59.14 Cr	1.49%
Usha Martin Ltd	Equity	₹58.52 Cr	1.47%
PNB Housing Finance Ltd	Equity	₹57.74 Cr	1.45%
Kirloskar Brothers Ltd	Equity	₹57.39 Cr	1.44%
Triparty Repo	Cash - Repurchase Agreement	₹57.29 Cr	1.44%
Sobha Ltd	Equity	₹56.18 Cr	1.41%
Deepak Fertilisers & Petrochemicals Corp Ltd	Equity	₹55.51 Cr	1.39%
P N Gadgil Jewellers Ltd	Equity	₹53.59 Cr	1.35%
Globus Spirits Ltd	Equity	₹52.08 Cr	1.31%
GlaxoSmithKline Pharmaceuticals Ltd	Equity	₹50.94 Cr	1.28%
Tega Industries Ltd	Equity	₹49.43 Cr	1.24%
KFin Technologies Ltd	Equity	₹48.51 Cr	1.22%
Mrs Bectors Food Specialities Ltd Ordinary Shares	Equity	₹48.45 Cr	1.22%
Divi's Laboratories Ltd	Equity	₹45.99 Cr	1.16%
Aadhar Housing Finance Ltd	Equity	₹44.87 Cr	1.13%
Stove Kraft Ltd Ordinary Shares	Equity	₹44.16 Cr	1.11%
Karur Vysya Bank Ltd	Equity	₹43.55 Cr	1.09%
Triveni Turbine Ltd	Equity	₹43.21 Cr	1.09%
Shriram Pistons & Rings Ltd	Equity	₹42.65 Cr	1.07%
Kilburn Engineering Ltd	Equity	₹41.62 Cr	1.05%
NHPC Ltd	Equity	₹41.56 Cr	1.04%
AWL Agri Business Ltd	Equity	₹41.5 Cr	1.04%
DCB Bank Ltd	Equity	₹40.38 Cr	1.01%
Canara Bank	Equity	₹36.34 Cr	0.91%
Triveni Engineering & Industries Ltd	Equity	₹36.27 Cr	0.91%
Sun TV Network Ltd	Equity	₹35.7 Cr	0.90%
Nitin Spinners Ltd	Equity	₹34.76 Cr	0.87%
Taj GVK Hotels & Resorts Ltd	Equity	₹34.74 Cr	0.87%
Ipca Laboratories Ltd	Equity	₹34.61 Cr	0.87%
Asahi India Glass Ltd	Equity	₹32.68 Cr	0.82%
KEI Industries Ltd	Equity	₹32.39 Cr	0.81%
Ujjivan Small Finance Bank Ltd Ordinary Shares	Equity	₹30.29 Cr	0.76%
Swaraj Engines Ltd	Equity	₹29.35 Cr	0.74%
E I D Parry India Ltd	Equity	₹28.87 Cr	0.73%
CESC Ltd	Equity	₹28.7 Cr	0.72%
Engineers India Ltd	Equity	₹27.77 Cr	0.70%
Kajaria Ceramics Ltd	Equity	₹24.19 Cr	0.61%
Gokaldas Exports Ltd	Equity	₹22.18 Cr	0.56%
Motilal Oswal Financial Services Ltd	Equity	₹20.58 Cr	0.52%
Angel One Ltd Ordinary Shares	Equity	₹10.11 Cr	0.25%
Net Receivables / (Payables)	Cash	₹8.77 Cr	0.22%
LMW Ltd	Equity	₹4.17 Cr	0.10%

Allocation By Market Cap (Equity)

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Consumer Cyclical	₹827.95 Cr	20.80%
Financial Services	₹774.55 Cr	19.46%
Basic Materials	₹546.31 Cr	13.72%
Industrials	₹518.8 Cr	13.03%
Consumer Defensive	₹373.14 Cr	9.37%
Healthcare	₹351.49 Cr	8.83%
Technology	₹293.9 Cr	7.38%
Utilities	₹137.04 Cr	3.44%
Real Estate	₹56.18 Cr	1.41%
Communication Services	₹35.7 Cr	0.90%

Risk & Performance Ratios

Fund Managers

Krishna Sanghavi

Since October 2024

Manish Lodha

Since December 2022

Vishal Jajoo

Since December 2024

Additional Scheme Detailsas of 31st August 2025

ISIN

INF174V01BK7

Expense Ratio

0.44%

Exit Load

1.00%

Fund Size

₹4,053 Cr

Age

2 years 9 months

Lumpsum Minimum

₹1,000

Fund Status

Open Ended Investment Company

Benchmark

S&P BSE 250 SmallCap Index 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.

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Fund name	Expense Ratio	Exit Load	Fund size	1Y
Bajaj Finserv Small Cap Fund Direct Growth Very High Risk	0.4%	0.0%	₹1272.71 Cr	-
Bajaj Finserv Small Cap Fund Regular Growth Very High Risk	2.1%	0.0%	₹1272.71 Cr	-
Mirae Asset Small Cap Fund Regular Growth Very High Risk	2.0%	1.0%	₹2021.73 Cr	-
Mirae Asset Small Cap Fund Direct Growth Very High Risk	0.4%	1.0%	₹2021.73 Cr	-
TrustMF Small Cap Fund Direct Growth Very High Risk	0.5%	1.0%	₹1056.01 Cr	-
TrustMF Small Cap Fund Regular Growth Very High Risk	2.1%	1.0%	₹1056.01 Cr	-
JM Small Cap Fund Regular Growth Very High Risk	2.3%	1.0%	₹731.30 Cr	-7.3%
JM Small Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹731.30 Cr	-5.7%
Motilal Oswal Nifty Smallcap 250 ETF Very High Risk	0.3%	-	₹123.83 Cr	-6.6%
Motilal Oswal Small Cap Fund Regular Growth Very High Risk	1.8%	1.0%	₹5268.43 Cr	1.6%
Motilal Oswal Small Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹5268.43 Cr	3.0%
Quantum Small Cap Fund Direct Growth Very High Risk	0.7%	1.0%	₹153.75 Cr	-0.3%
Quantum Small Cap Fund Regular Growth Very High Risk	2.2%	1.0%	₹153.75 Cr	-1.7%
Baroda BNP Paribas Small Cap Fund Direct Growth Very High Risk	0.9%	1.0%	₹1249.01 Cr	-5.5%
Baroda BNP Paribas Small Cap Fund Regular Growth Very High Risk	2.1%	1.0%	₹1249.01 Cr	-6.6%
Sundaram Emerging Small Cap - Series VI Regular Growth Low Risk	1.3%	0.0%	₹45.47 Cr	7.2%
Sundaram Emerging Small Cap - Series VI Direct Growth Low Risk	0.8%	0.0%	₹45.47 Cr	7.8%
Sundaram Emerging Small Cap - Series VII Regular Growth Low Risk	1.4%	0.0%	₹159.75 Cr	10.9%
Sundaram Emerging Small Cap - Series VII Direct Growth Low Risk	1.0%	0.0%	₹159.75 Cr	11.3%
Sundaram Emerging Small Cap - Series V Regular Growth Low Risk	1.3%	0.0%	₹83.88 Cr	6.9%
Sundaram Emerging Small Cap - Series V Direct Growth Low Risk	0.8%	0.0%	₹83.88 Cr	7.5%
Sundaram Long Term Micro Cap Tax Advantage Fund Series VI Direct Growth Very High Risk	1.2%	0.0%	₹37.34 Cr	-0.7%
Sundaram Long Term Micro Cap Tax Advantage Fund Series VI Regular Growth Very High Risk	1.4%	0.0%	₹37.34 Cr	-0.9%
Union Small Cap Fund Regular Growth Very High Risk	2.1%	1.0%	₹1657.79 Cr	-2.5%
Union Small Cap Fund Direct Growth Very High Risk	0.9%	1.0%	₹1657.79 Cr	-1.4%
HDFC Small Cap Fund Direct Growth Very High Risk	0.7%	1.0%	₹36353.10 Cr	0.8%
Kotak Small Cap Fund Direct Growth Very High Risk	0.5%	1.0%	₹17508.37 Cr	-6.8%
ICICI Prudential Smallcap Fund Direct Growth Very High Risk	0.7%	1.0%	₹8441.09 Cr	-2.8%
Nippon India Small Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹65922.00 Cr	-5.4%
Nippon India Small Cap Fund Regular Growth Very High Risk	1.4%	1.0%	₹65922.00 Cr	-6.1%
Invesco India Smallcap Fund Direct Growth Very High Risk	0.4%	1.0%	₹7580.46 Cr	0.2%
Invesco India Smallcap Fund Regular Growth Very High Risk	1.7%	1.0%	₹7580.46 Cr	-1.2%
ICICI Prudential Smallcap Fund Regular Growth Very High Risk	1.8%	1.0%	₹8441.09 Cr	-3.8%
ITI Small Cap Fund Regular Growth Very High Risk	1.9%	0.0%	₹2622.42 Cr	-3.1%
ITI Small Cap Fund Direct Growth Very High Risk	0.5%	0.0%	₹2622.42 Cr	-1.7%
Mahindra Manulife Small Cap Fund Regular Growth Very High Risk	1.9%	1.0%	₹4052.92 Cr	-9.1%
Mahindra Manulife Small Cap Fund Direct Growth Very High Risk	0.4%	1.0%	₹4052.92 Cr	-7.8%
Canara Robeco Small Cap Fund Regular Growth Very High Risk	1.7%	1.0%	₹12588.41 Cr	-7.0%
Canara Robeco Small Cap Fund Direct Growth Very High Risk	0.5%	1.0%	₹12588.41 Cr	-5.8%
Aditya Birla Sun Life Small Cap Fund Regular Growth Very High Risk	1.9%	1.0%	₹4823.71 Cr	-6.2%
DSP Small Cap Fund Regular Growth Very High Risk	1.7%	1.0%	₹17005.25 Cr	-3.0%
UTI Small Cap Fund Regular Growth Very High Risk	1.9%	1.0%	₹4780.24 Cr	-2.4%
UTI Small Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹4780.24 Cr	-1.2%
Tata Small Cap Fund Regular Growth Very High Risk	1.7%	0.0%	₹11576.03 Cr	-6.8%
Aditya Birla Sun Life Small Cap Fund Direct Growth Very High Risk	0.9%	1.0%	₹4823.71 Cr	-5.3%
Tata Small Cap Fund Direct Growth Very High Risk	0.3%	0.0%	₹11576.03 Cr	-5.6%
Sundaram Small Cap Fund Direct Growth Very High Risk	0.9%	1.0%	₹3393.53 Cr	-1.2%
Edelweiss Small Cap Fund Direct Growth Very High Risk	0.4%	1.0%	₹4979.92 Cr	-1.1%
Edelweiss Small Cap Fund Regular Growth Very High Risk	1.8%	1.0%	₹4979.92 Cr	-2.5%
LIC MF Small Cap Fund Direct Growth Very High Risk	1.0%	1.0%	₹604.36 Cr	-7.3%

About the AMC

Mahindra Manulife Mutual Fund

022-66327900

https://www.mahindramanulife.com/

Total AUM

₹19,132 Cr

Address

570 P. B. Marg, Worli, Mumbai 400018, Mumbai, 400018

Other Funds by Mahindra Manulife Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Mahindra Manulife Banking & Financial Services Fund Direct Growth Very High Risk	0.6%	0.0%	₹286.55 Cr	-
Mahindra Manulife Value Fund Direct Growth Very High Risk	0.6%	0.0%	₹483.32 Cr	-
Mahindra Manulife Manufacturing Fund Direct Growth Very High Risk	0.7%	0.0%	₹839.29 Cr	-2.3%
Mahindra Manulife Multi Asset Allocation Fund Direct Growth Very High Risk	0.4%	0.0%	₹630.13 Cr	11.0%
Mahindra Manulife Business Cycle Fund Direct Growth Very High Risk	0.5%	1.0%	₹1226.81 Cr	-5.4%
Mahindra Manulife Large Cap Fund Direct Growth Very High Risk	0.7%	1.0%	₹708.93 Cr	-1.1%
Mahindra Manulife Liquid Fund Direct Growth Moderate Risk	0.1%	0.0%	₹1133.95 Cr	7.0%
Mahindra Manulife Large & Mid Cap Fund Direct Growth Very High Risk	0.5%	1.0%	₹2687.96 Cr	-3.5%
Mahindra Manulife ELSS Fund Direct Growth Very High Risk	0.6%	0.0%	₹952.81 Cr	0.3%
Mahindra Manulife Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹183.35 Cr	6.2%
Mahindra Manulife Small Cap Fund Direct Growth Very High Risk	0.4%	1.0%	₹4052.92 Cr	-7.8%
Mahindra Manulife Flexi Cap Fund Direct Growth Very High Risk	0.4%	1.0%	₹1528.56 Cr	-0.8%
Mahindra Manulife Consumption Fund Direct Growth Very High Risk	0.7%	1.0%	₹514.52 Cr	-4.4%
Mahindra Manulife Focused Fund Direct Growth Very High Risk	0.4%	1.0%	₹2136.65 Cr	-3.8%
Mahindra Manulife Asia Pacific REITs FOF Direct Growth Very High Risk	0.5%	1.0%	₹40.09 Cr	13.4%
Mahindra Manulife Equity Savings Fund Direct Growth Moderately High risk	0.7%	1.0%	₹551.87 Cr	4.1%
Mahindra Manulife Multi Cap Fund Direct Growth Very High Risk	0.4%	1.0%	₹5727.03 Cr	-2.2%
Mahindra Manulife Dynamic Bond Fund Direct Growth Moderate Risk	0.4%	0.0%	₹115.87 Cr	7.3%
Mahindra Manulife Ultra Short Duration Fund Direct Growth Moderate Risk	0.3%	0.0%	₹258.65 Cr	7.6%
Mahindra Manulife Short Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹78.73 Cr	8.8%
Mahindra Manulife Mid Cap Fund Direct Growth Very High Risk	0.5%	1.0%	₹3920.88 Cr	-4.1%
Mahindra Manulife Arbitrage Fund Direct Growth Low Risk	0.2%	0.0%	₹96.95 Cr	6.1%
Mahindra Manulife Low Duration Fund Direct Growth Moderate Risk	0.3%	0.0%	₹647.22 Cr	8.2%
Mahindra Manulife Aggressive Hybrid Fund Direct Growth Very High Risk	0.5%	1.0%	₹1811.08 Cr	3.3%
Mahindra Manulife Balanced Advantage Fund Direct Growth Very High Risk	0.6%	1.0%	₹923.06 Cr	2.4%

Risk Level

Your principal amount will be at Very High Risk

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Still got questions?
We're here to help.

What is the current NAV of Mahindra Manulife Small Cap Fund Direct Growth?

The NAV of Mahindra Manulife Small Cap Fund Direct Growth, as of 12-Sep-2025, is ₹20.25.

What is the portfolio composition of Mahindra Manulife Small Cap Fund Direct Growth?

The fund's allocation of assets is distributed as 98.34% in equities, 0.00% in bonds, and 1.66% in cash and cash equivalents.

Who manages the Mahindra Manulife Small Cap Fund Direct Growth?

The fund managers responsible for Mahindra Manulife Small Cap Fund Direct Growth are:-

Krishna Sanghavi
Manish Lodha
Vishal Jajoo

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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Fund Overview

Fund Size

₹4,053 Cr

Expense Ratio

0.44%

ISIN

INF174V01BK7

Minimum SIP

₹1,000

Exit Load

1.00%

Inception Date

14 Dec 2022

Risk Level

Your principal amount will be at Very High Risk