Mahindra Manulife Small Cap Fund Direct Growth

Fund Overview

Fund Size

₹3,841 Cr

Expense Ratio

0.42%

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 Kotak Mahindra Mutual Fund. This fund has been in existence for 2 years, 6 months and 17 days, having been launched on 14-Dec-22.
As of 30-Jun-25, it has a Net Asset Value (NAV) of ₹20.30, Assets Under Management (AUM) of 3841.36 Crores, and an expense ratio of 0.42%.

Mahindra Manulife Small Cap Fund Direct Growth has given a CAGR return of 31.98% since inception.
The fund's asset allocation comprises around 95.83% in equities, 0.00% in debts, and 4.17% 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

+2.97%

+4.66% (Cat Avg.)

Since Inception

+31.98%

— (Cat Avg.)

Portfolio Summaryas of 31st May 2025

Equity	₹3,681.13 Cr	95.83%
Others	₹160.23 Cr	4.17%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
APL Apollo Tubes Ltd	Equity	₹134.51 Cr	3.50%
Bajaj Auto Ltd	Equity	₹111.76 Cr	2.91%
Aditya Birla Real Estate Ltd	Equity	₹91.16 Cr	2.37%
Net Receivables / (Payables)	Cash	₹91.05 Cr	2.37%
eClerx Services Ltd	Equity	₹89.16 Cr	2.32%
Firstsource Solutions Ltd	Equity	₹84.66 Cr	2.20%
PNB Housing Finance Ltd	Equity	₹80.05 Cr	2.08%
Central Depository Services (India) Ltd	Equity	₹80 Cr	2.08%
RBL Bank Ltd	Equity	₹78.84 Cr	2.05%
Arvind Ltd	Equity	₹75.04 Cr	1.95%
Minda Corp Ltd	Equity	₹73.57 Cr	1.92%
Tega Industries Ltd	Equity	₹71.37 Cr	1.86%
Tata Communications Ltd	Equity	₹71.24 Cr	1.85%
ITC Hotels Ltd	Equity	₹70.03 Cr	1.82%
Godfrey Phillips India Ltd	Equity	₹69.42 Cr	1.81%
Triparty Repo	Cash - Repurchase Agreement	₹69.18 Cr	1.80%
CESC Ltd	Equity	₹68.98 Cr	1.80%
Whirlpool of India Ltd	Equity	₹68.83 Cr	1.79%
Ramco Cements Ltd	Equity	₹65.88 Cr	1.71%
Voltamp Transformers Ltd	Equity	₹64.22 Cr	1.67%
DOMS Industries Ltd	Equity	₹64.17 Cr	1.67%
Triveni Engineering & Industries Ltd	Equity	₹64.16 Cr	1.67%
Kirloskar Brothers Ltd	Equity	₹63.38 Cr	1.65%
Arvind Fashions Ltd	Equity	₹62.91 Cr	1.64%
Varroc Engineering Ltd Ordinary Shares	Equity	₹62.37 Cr	1.62%
Kalpataru Projects International Ltd	Equity	₹61.42 Cr	1.60%
Deepak Fertilisers & Petrochemicals Corp Ltd	Equity	₹59.35 Cr	1.54%
IIFL Finance Ltd	Equity	₹58.32 Cr	1.52%
Laurus Labs Ltd	Equity	₹58.07 Cr	1.51%
GlaxoSmithKline Pharmaceuticals Ltd	Equity	₹57.4 Cr	1.49%
Welspun Corp Ltd	Equity	₹56.6 Cr	1.47%
Supreme Petrochem Ltd	Equity	₹56.39 Cr	1.47%
JSW Energy Ltd	Equity	₹54.51 Cr	1.42%
CreditAccess Grameen Ltd Ordinary Shares	Equity	₹51.64 Cr	1.34%
P N Gadgil Jewellers Ltd	Equity	₹51.38 Cr	1.34%
Mrs Bectors Food Specialities Ltd Ordinary Shares	Equity	₹51.23 Cr	1.33%
Divi's Laboratories Ltd	Equity	₹49.59 Cr	1.29%
Sarda Energy & Minerals Ltd	Equity	₹47.77 Cr	1.24%
ZF Commercial Vehicle Control Systems India Ltd	Equity	₹47.66 Cr	1.24%
Zensar Technologies Ltd	Equity	₹47.48 Cr	1.24%
Canara Bank	Equity	₹45.9 Cr	1.19%
AWL Agri Business Ltd	Equity	₹45.38 Cr	1.18%
Radico Khaitan Ltd	Equity	₹45.13 Cr	1.17%
Trent Ltd	Equity	₹42.78 Cr	1.11%
Kotak Mahindra Bank Ltd	Equity	₹41.49 Cr	1.08%
Sun TV Network Ltd	Equity	₹41.36 Cr	1.08%
Sobha Ltd	Equity	₹40.45 Cr	1.05%
DCB Bank Ltd	Equity	₹39.69 Cr	1.03%
Triveni Turbine Ltd	Equity	₹39.66 Cr	1.03%
Aadhar Housing Finance Ltd	Equity	₹39.63 Cr	1.03%
Polycab India Ltd	Equity	₹39.57 Cr	1.03%
Manappuram Finance Ltd	Equity	₹38.96 Cr	1.01%
Nitin Spinners Ltd	Equity	₹38.88 Cr	1.01%
Grasim Industries Ltd	Equity	₹38.19 Cr	0.99%
AGI Greenpac Ltd	Equity	₹38.1 Cr	0.99%
Emami Ltd	Equity	₹38.07 Cr	0.99%
Angel One Ltd Ordinary Shares	Equity	₹37.95 Cr	0.99%
Karur Vysya Bank Ltd	Equity	₹37.58 Cr	0.98%
Taj GVK Hotels & Resorts Ltd	Equity	₹37.19 Cr	0.97%
Ipca Laboratories Ltd	Equity	₹35.62 Cr	0.93%
Usha Martin Ltd	Equity	₹35.4 Cr	0.92%
Stove Kraft Ltd Ordinary Shares	Equity	₹33.34 Cr	0.87%
Lupin Ltd	Equity	₹31.49 Cr	0.82%
KEI Industries Ltd	Equity	₹30.69 Cr	0.80%
Ujjivan Small Finance Bank Ltd Ordinary Shares	Equity	₹30.54 Cr	0.79%
Asahi India Glass Ltd	Equity	₹29.24 Cr	0.76%
Persistent Systems Ltd	Equity	₹29.2 Cr	0.76%
Multi Commodity Exchange of India Ltd	Equity	₹25.09 Cr	0.65%
NLC India Ltd	Equity	₹20.42 Cr	0.53%
Swaraj Engines Ltd	Equity	₹16.3 Cr	0.42%
Piramal Pharma Ltd	Equity	₹10.32 Cr	0.27%
Bharat Bijlee Ltd	Equity	₹8.1 Cr	0.21%
LMW Ltd	Equity	₹4.93 Cr	0.13%

Allocation By Market Cap (Equity)

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Consumer Cyclical	₹859.37 Cr	22.37%
Financial Services	₹685.68 Cr	17.85%
Basic Materials	₹585.24 Cr	15.24%
Industrials	₹447.5 Cr	11.65%
Consumer Defensive	₹313.39 Cr	8.16%
Technology	₹250.51 Cr	6.52%
Healthcare	₹242.48 Cr	6.31%
Utilities	₹143.91 Cr	3.75%
Communication Services	₹112.6 Cr	2.93%
Real Estate	₹40.45 Cr	1.05%

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 May 2025

ISIN

INF174V01BK7

Expense Ratio

0.42%

Exit Load

1.00%

Fund Size

₹3,841 Cr

Age

2 years 6 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.

Similar Small-Cap Funds

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Mirae Asset Small Cap Fund Regular Growth Very High Risk	2.0%	1.0%	₹1580.47 Cr	-
Mirae Asset Small Cap Fund Direct Growth Very High Risk	0.4%	1.0%	₹1580.47 Cr	-
TrustMF Small Cap Fund Direct Growth Very High Risk	0.5%	1.0%	₹970.00 Cr	-
TrustMF Small Cap Fund Regular Growth Very High Risk	2.2%	1.0%	₹970.00 Cr	-
JM Small Cap Fund Regular Growth Very High Risk	2.3%	1.0%	₹720.48 Cr	4.3%
JM Small Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹720.48 Cr	6.1%
Motilal Oswal Nifty Smallcap 250 ETF Very High Risk	0.3%	-	₹100.05 Cr	3.9%
Motilal Oswal Small Cap Fund Regular Growth Very High Risk	1.8%	1.0%	₹4927.18 Cr	16.5%
Motilal Oswal Small Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹4927.18 Cr	18.2%
Quantum Small Cap Fund Direct Growth Very High Risk	0.7%	1.0%	₹132.10 Cr	10.9%
Quantum Small Cap Fund Regular Growth Very High Risk	2.1%	1.0%	₹132.10 Cr	9.3%
Baroda BNP Paribas Small Cap Fund Direct Growth Very High Risk	0.9%	1.0%	₹1290.54 Cr	0.7%
Baroda BNP Paribas Small Cap Fund Regular Growth Very High Risk	2.2%	1.0%	₹1290.54 Cr	-0.6%
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%	₹36.39 Cr	4.3%
Sundaram Long Term Micro Cap Tax Advantage Fund Series VI Regular Growth Very High Risk	1.4%	0.0%	₹36.39 Cr	4.0%
Union Small Cap Fund Regular Growth Very High Risk	2.1%	1.0%	₹1577.40 Cr	3.3%
Union Small Cap Fund Direct Growth Very High Risk	1.0%	1.0%	₹1577.40 Cr	4.5%
HDFC Small Cap Fund Direct Growth Very High Risk	0.7%	1.0%	₹34032.09 Cr	7.1%
Kotak Small Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹17329.27 Cr	1.9%
ICICI Prudential Smallcap Fund Direct Growth Very High Risk	0.7%	1.0%	₹8254.04 Cr	2.3%
Nippon India Small Cap Fund Direct Growth Very High Risk	0.7%	1.0%	₹63006.73 Cr	2.9%
Nippon India Small Cap Fund Regular Growth Very High Risk	1.4%	1.0%	₹63006.73 Cr	2.1%
Invesco India Smallcap Fund Direct Growth Very High Risk	0.4%	1.0%	₹6822.51 Cr	12.7%
Invesco India Smallcap Fund Regular Growth Very High Risk	1.8%	1.0%	₹6822.51 Cr	11.1%
ICICI Prudential Smallcap Fund Regular Growth Very High Risk	1.8%	1.0%	₹8254.04 Cr	1.2%
ITI Small Cap Fund Regular Growth Very High Risk	1.9%	0.0%	₹2504.41 Cr	3.9%
ITI Small Cap Fund Direct Growth Very High Risk	0.6%	0.0%	₹2504.41 Cr	5.5%
Mahindra Manulife Small Cap Fund Regular Growth Very High Risk	1.9%	1.0%	₹3841.36 Cr	1.5%
Mahindra Manulife Small Cap Fund Direct Growth Very High Risk	0.4%	1.0%	₹3841.36 Cr	3.0%
Canara Robeco Small Cap Fund Regular Growth Very High Risk	1.7%	1.0%	₹12369.98 Cr	1.7%
Canara Robeco Small Cap Fund Direct Growth Very High Risk	0.5%	1.0%	₹12369.98 Cr	2.9%
Aditya Birla Sun Life Small Cap Fund Regular Growth Very High Risk	1.9%	1.0%	₹4913.87 Cr	1.4%
DSP Small Cap Fund Regular Growth Very High Risk	1.7%	1.0%	₹16304.77 Cr	9.6%
UTI Small Cap Fund Regular Growth Very High Risk	1.9%	1.0%	₹4529.01 Cr	9.2%
UTI Small Cap Fund Direct Growth Very High Risk	0.7%	1.0%	₹4529.01 Cr	10.5%
Tata Small Cap Fund Regular Growth Very High Risk	1.7%	1.0%	₹10529.36 Cr	4.5%
Aditya Birla Sun Life Small Cap Fund Direct Growth Very High Risk	1.0%	1.0%	₹4913.87 Cr	2.4%
Tata Small Cap Fund Direct Growth Very High Risk	0.3%	1.0%	₹10529.36 Cr	5.9%
Sundaram Small Cap Fund Direct Growth Very High Risk	0.9%	1.0%	₹3310.65 Cr	6.5%
Edelweiss Small Cap Fund Direct Growth Very High Risk	0.4%	1.0%	₹4580.06 Cr	6.7%
Edelweiss Small Cap Fund Regular Growth Very High Risk	1.8%	1.0%	₹4580.06 Cr	5.2%
LIC MF Small Cap Fund Direct Growth Very High Risk	0.9%	1.0%	₹575.56 Cr	-1.7%
LIC MF Small Cap Fund Regular Growth Very High Risk	2.4%	1.0%	₹575.56 Cr	-2.9%
SBI Small Cap Fund Direct Growth Very High Risk	0.7%	1.0%	₹34028.06 Cr	1.2%

About the AMC

Kotak Mahindra Mutual Fund

+91 22 61152100

https://www.kotakmf.com/

Total AUM

₹5,56,416 Cr

Address

2nd Floor, 12-BKC, Plot No C-12, Mumbai, 400 051

Other Funds by Kotak Mahindra Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Kotak FMP Series 327 Direct Growth Moderately High risk	-	0.0%	₹206.03 Cr	-
Kotak FMP Series 326 - 175 Days Direct Growth Moderate Risk	-	-	-	-
Kotak FMP Series 325 - 90 Days Direct Growth Moderate Risk	-	0.0%	-	-
Kotak FMP Series 324 - 109 Days Direct Growth Moderately High risk	-	0.0%	-	-
Kotak Healthcare Fund Direct Growth Very High Risk	0.8%	0.0%	₹434.55 Cr	18.2%
Kotak FMP Series 323 Direct Growth Low Risk	-	0.0%	-	-
Kotak Consumption Fund Direct Growth Very High Risk	0.6%	0.0%	₹1247.64 Cr	11.0%
Kotak Nifty G-Sec July 2033 Index Fund Direct Growth Moderate Risk	0.1%	0.0%	₹21.41 Cr	10.9%
Kotak Multi Asset Allocation Fund Direct Growth High Risk	0.4%	1.0%	₹7947.03 Cr	6.7%
Kotak S&P BSE Housing Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹17.14 Cr	-5.6%
Kotak Fixed Maturity Plan 1174 Days Series 268 Direct Growth Low to Moderate Risk	-	0.0%	-	-
Kotak FMP Series 308 - 1125 Days Direct Growth Moderately High risk	-	0.0%	₹94.00 Cr	9.2%
Kotak Yearly Interval Plan Series 1 Direct Growth Low to Moderate Risk	-	0.0%	-	-
Kotak Fixed Maturity Plan 1355 Days Series 286 Direct Growth Low to Moderate Risk	-	-	-	-
Kotak FMP Series 304 Direct Growth Moderate Risk	-	-	₹109.38 Cr	11.8%
Kotak Fixed Maturity Plan Series 262 Direct Growth Low to Moderate Risk	-	0.0%	-	-
Kotak FMP Series 291 - 1826 Days Direct Growth Low to Moderate Risk	-	0.0%	-	-
Kotak Fixed Maturity Plan Series 264 Direct Growth Low to Moderate Risk	-	0.0%	-	-
Kotak FMP Series 310 - 1131 Days Direct Growth Low to Moderate Risk	-	0.0%	₹125.59 Cr	8.2%
Kotak FMP Series 306 Direct Growth Moderate Risk	-	0.0%	-	-
Kotak Quarterly Interval Series 12 Direct Growth Low to Moderate Risk	-	0.0%	-	-
Kotak Fixed Maturity Plan Series 249 Direct Growth Low to Moderate Risk	-	0.0%	-	-
Kotak FMP Series 295 Direct Growth Moderate Risk	-	0.0%	-	-
Kotak Fixed Maturity Plan Series 258 Direct Growth Low to Moderate Risk	-	0.0%	-	-
Kotak FMP Series 298 Direct Growth Low to Moderate Risk	-	0.0%	-	-
Kotak FMP Series 290 - 1180 Days Direct Growth Low to Moderate Risk	-	0.0%	-	-
Kotak Monthly Interval Series 4 Direct Growth Low to Moderate Risk	-	0.0%	-	-
Kotak FMP Series 293 - 1826 Days Direct Growth Moderate Risk	-	0.0%	-	-
Kotak India Growth Fund Series IV Direct Growth Very High Risk	0.3%	0.0%	₹132.94 Cr	50.2%
Kotak Fixed Maturity Plan Series 260 Direct Growth Low to Moderate Risk	-	0.0%	-	-
Kotak FMP Series 287 - 1188 days Direct Growth Low to Moderate Risk	-	0.0%	-	-
Kotak Fixed Maturity Plan Series 272 Direct Growth Low to Moderate Risk	-	-	-	-
Kotak Fixed Maturity Plan Series 273 Direct Growth Low to Moderate Risk	-	-	-	-
Kotak FMP Series 305 Direct Growth Low to Moderate Risk	-	0.0%	₹33.56 Cr	8.1%
Kotak FMP Series 300 - 1223 days Direct Growth Low to Moderate Risk	-	0.0%	₹241.41 Cr	8.2%
Kotak Quarterly Interval Series 13 Direct Growth Low to Moderate Risk	-	0.0%	-	-
Kotak FMP Series 292 - 1735 Days Direct Growth Low to Moderate Risk	-	0.0%	₹462.24 Cr	8.4%
Kotak FMP Series 289 -1179 days Direct Growth Low to Moderate Risk	-	0.0%	-	-
Kotak FMP Series 288 -1177 days Direct Growth Low to Moderate Risk	-	0.0%	-	-
Kotak Small Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹17329.27 Cr	1.9%
Kotak Flexicap Fund Direct Growth Very High Risk	0.6%	1.0%	₹52532.92 Cr	8.0%
Kotak Equity Opportunities Fund Direct Growth Very High Risk	0.6%	1.0%	₹27046.44 Cr	4.5%
Kotak Taxsaver Fund Direct Growth Very High Risk	0.6%	0.0%	₹6266.40 Cr	2.8%
Kotak Nifty 200 Momentum 30 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹447.33 Cr	-8.9%
Kotak Nifty 50 Index Fund Direct Growth Very High Risk	0.1%	0.0%	₹899.91 Cr	7.1%
Kotak Infrastructure and Economic Reform Fund Direct Growth Very High Risk	0.7%	0.0%	₹2402.04 Cr	-4.1%
Kotak Low Duration Fund Direct Growth Low to Moderate Risk	0.4%	0.0%	₹12903.84 Cr	8.7%
Kotak Bluechip Fund Direct Growth Very High Risk	0.6%	1.0%	₹10138.03 Cr	7.5%
Kotak Bond Fund Direct Growth Moderate Risk	0.7%	0.0%	₹2063.21 Cr	9.3%
Kotak Bond Fund Short Term Plan Direct Growth Low to Moderate Risk	0.4%	0.0%	₹18428.66 Cr	9.8%

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 30-Jun-2025, is ₹20.30.

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

The fund's allocation of assets is distributed as 95.83% in equities, 0.00% in bonds, and 4.17% 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

₹3,841 Cr

Expense Ratio

0.42%

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