Mahindra Manulife Mid Cap Fund Direct - Growth

Q: What are the returns of this mutual fund scheme?

The Mahindra Manulife Mid Cap Fund Direct - Growth is a 8 yrs old fund and has delivered average annual returns of 17.84% since inception. Mahindra Manulife Mid Cap Fund Direct - Growth Returns 1-Year 3-Year 5-Year Since Inception 8.8% 25.55% 23.4% 17.84%

NAV as of Feb 02, 2026	Returns since inception	ET Money Rank	AUM (Fund size)
₹37.2864-1.31% 1 day change	17.84% p.a.	App exclusive #NA View Ranked Funds	₹4,295 Cr

Historical NAV & returns

NAV: ₹37.2864 as on Feb 02, 2026

This fund Category average

Mahindra Manulife Mid Cap Fund overview

Expense ratio	0.47% as on Feb 02, 2026
Exit load	1.0% Exit load of 1% if redeemed within 3 months.!
AUM (Fund size)	₹4,295 Cr
Lock-in Period	Nil
Age	8 yrs since Jan 08, 2018
Benchmark	NIFTY Midcap 150 TRI
Min. investment	SIP: ₹500 & Lumpsum: ₹1000
Risk	Very High
Short term capital gains (STCG)	Returns taxed at 20% if you redeem before 1 year
Long term capital gains (LTCG)	After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%

Mahindra Manulife Mid Cap Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Feb 03, 2026

Period	This fund	Category average
1 Month	-4.79%	-5.32%
3 Months	-3.15%	-6.06%
6 Months	1.42%	-1.6%
1 Year	8.8%	7.78%
2 Years	10.77%	10.87%
3 Years	25.55%	21.34%
4 Years	18.16%	15.42%
5 Years	23.4%	19.31%
7 Years	22.13%	18.87%

View returns in detail

Asset allocationas on Dec 31, 2025

Large Cap 7.2%

Mid Cap 75.45%

Small Cap 15.58%

Other Cap 0%

Top holdings

Glenmark Pharmaceuticals Ltd.3.11%

Indian Bank2.9%

Max Financial Services Ltd.2.62%

The Federal Bank Ltd.2.59%

Top sectors

Financial 27.549999999999997%

Healthcare 11.31%

Capital Goods 9.43%

Automobile 7.44%

Credit quality

Bifurcation by Credit Quality is not available for this fund

Top Debt Holdings

Bifurcation by Holding is not available for this fund

Allocation by Instruments

Mutual Fund 0.93%

Repo 0.9%

Other Holdings

Mahindra Manulife Liquid Fund Direct -Growth 0.93%

Others 0.9%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
Mahindra Manulife Mid Cap Fund	-4.79%	1.42%	8.8%	25.55%	23.4%	N.A.
HDFC Mid Cap Fund	-3.42%	3.25%	13.4%	25.92%	24.19%	19.89%
Nippon India Growth Mid Cap Fund	-4.17%	0.71%	10.98%	25.7%	23.3%	19.94%
Motilal Oswal Midcap Fund	-7.8%	-10.58%	-4.17%	23.28%	25.54%	18.22%
Edelweiss Mid Cap Fund	-4.66%	1.31%	10.91%	26.68%	23.68%	20.4%
Kotak Midcap Fund	-5.0%	-2.91%	9.46%	21.86%	21.13%	19.85%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Mahindra Manulife Mid Cap Fund	15.33	0.95	1.18	1.63
HDFC Mid Cap Fund	13.88	0.85	1.31	1.87
Nippon India Growth Mid Cap Fund	15.42	0.95	1.18	1.74
Motilal Oswal Midcap Fund	18.56	0.96	0.92	1.15
Edelweiss Mid Cap Fund	15.41	0.93	1.27	1.64
Kotak Midcap Fund	15.18	0.89	1.0	1.25

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Mahindra Manulife Mid Cap Fund	N.A.	4,295 Cr	8 yrs	0.47%
HDFC Mid Cap Fund	N.A.	92,642 Cr	13 yrs 1 m	0.74%
Nippon India Growth Mid Cap Fund	N.A.	42,124 Cr	13 yrs 1 m	0.74%
Motilal Oswal Midcap Fund	N.A.	36,880 Cr	12 yrs	0.76%
Edelweiss Mid Cap Fund	N.A.	13,650 Cr	13 yrs 1 m	0.42%
Kotak Midcap Fund	N.A.	60,637 Cr	13 yrs 1 m	0.38%

View all Mid Cap funds

Key risk & return ratios Compared to other funds in the category

Alpha	3.29 vs. 6.75 Underperformed at beating benchmark
Sharpe	1.18 vs. 6.89 Poor risk-adjusted returns
Beta	0.95 vs. 1.05 Less sensitive to market ups & downs
Standard deviation	15.33 vs. 14.58 More volatile performance

About this fund

About Mahindra Manulife Mid Cap Fund

Mahindra Manulife Mid Cap Fund Direct - Growth is a Mid Cap mutual fund scheme from Mahindra Manulife Mutual Fund. This fund has been in existence for 8 yrs, having been launched on 08/01/2018. Mahindra Manulife Mid Cap Fund Direct - Growth has ₹4,295 Crores worth of assets under management (AUM) as on 31/12/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Mahindra Manulife Mid Cap Fund Direct - Growth as of 02/02/2026 is ₹37.29. The fund has an expense ratio of 0.47%, which is less than what most other Mid Cap funds charge.

Mahindra Manulife Mid Cap Fund Direct - Growth returns of last 1-year are 7.60%. Since launch, it has delivered 17.85% average annual returns. The fund has doubled the money invested in it every 3 yrs.
Mahindra Manulife Mid Cap Fund Direct - Growth scheme's ability to deliver returns consistently is higher than most funds of its category. Its ability to control losses in a falling market is above average.
The fund has the majority of its money invested in Financial, Healthcare, Capital Goods, Automobile, Metals & Mining sectors. It has taken less exposure in Financial, Healthcare sectors compared to other funds in the category.
The fund's top 5 holdings are in Glenmark Pharmaceuticals Ltd., Indian Bank, Max Financial Services Ltd., The Federal Bank Ltd., IDFC First Bank Ltd..

...

Fund AUM	4,295 Cr as on Dec 31, 2025
Scheme document	View Scheme Document

Fund managers

Krishna Sanghavi

Mr. Sanghvi is a B.Com (H), CWA from ICWAI, Master of Management Studies (Finance) from NMIMS, Mumbai and CFA from ICFAI. Prior to joining Mahindra Manulife Investment Management Pvt. Ltd., he has worked with Canara Robeco AMC, Kotak Mahindra AMC Ltd. and Kotak Life Insurance, Aviva Life Insurance Company Ltd..

Kirti Dalvi

MMS (Finance), CFA level 2 Prior to Joining the Mahindra Manulife AMC he has worked with ENAM AMC, Angel Broking Ltd.

Investment objective

The scheme seeks to generate long term capital appreciation & provide long-term growth opportunities by investing in a portfolio constituted of equity & equity related securities and derivatives predominantly in mid cap companies.

Mahindra Manulife Mutual Fund details

No. of schemes	25 view all schemes
Total AUM	32,930 Cr as on Dec 31, 2025
Address	1st Floor - Sadhana House, 570 - P.B. Marg, Worli, Mumbai, 400018
Phone	022-66327900

More funds from Mahindra Manulife Mutual Fund

Fund name	ETM Rank	AUM	1Y	5Y
Mahindra Manulife Multi Cap Fund	N.A.	6,133 Cr	8.45%	20.66%
Mahindra Manulife Focused Fund	N.A.	2,228 Cr	8.58%	20.11%
Mahindra Manulife Large & Mid Cap Fund	N.A.	2,777 Cr	7.57%	18.08%
Mahindra Manulife ELSS Tax Saver Fund	N.A.	973 Cr	8.1%	16.02%
Mahindra Manulife Consumption Fund	N.A.	559 Cr	-2.62%	14.67%

See all Equity funds from this AMC

Frequently asked questions

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

The current Net Asset Value (NAV) of the Mahindra Manulife Mid Cap Fund - Direct Growth plan is approximately ₹37.2864 as of Feb 02, 2026.

What are the returns of this mutual fund scheme?

The Mahindra Manulife Mid Cap Fund Direct - Growth is a 8 yrs old fund and has delivered average annual returns of 17.84% since inception.

Mahindra Manulife Mid Cap Fund Direct - Growth Returns

1-Year	3-Year	5-Year	Since Inception
8.8%	25.55%	23.4%	17.84%

How much does this mutual fund charge as expense ratio?

The Mahindra Manulife Mid Cap Fund - Direct Growth has an expense ratio of 0.47%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

What is the AUM or fund size of this mutual fund?

The Mahindra Manulife Mid Cap Fund currently has assets under management (AUM) or fund size valued at approximately 4,295 Cr as on Dec 31, 2025.

What are the top stock holdings of Mahindra Manulife Mid Cap Fund?

The Mahindra Manulife Mid Cap Fund has invested the majority of its money in the stocks of the following companies -

Company	Percentage of Portfolio
Glenmark Pharmaceuticals Ltd.	3.11%
Indian Bank	2.9%
Max Financial Services Ltd.	2.62%
The Federal Bank Ltd.	2.59%
IDFC First Bank Ltd.	2.54%
Piramal Finance Ltd.	2.49%
AIA Engineering Ltd.	2.48%
UNO Minda Ltd.	2.38%
Indusind Bank Ltd.	2.26%
APL Apollo Tubes Ltd.	2.24%

What are the top sectors Mahindra Manulife Mid Cap Fund has invested in?

The Mahindra Manulife Mid Cap Fund has primarily invested in the following sectors

Sector	Percentage of Portfolio
Financial	27.549999999999997%
Healthcare	11.31%
Capital Goods	9.43%
Automobile	7.44%
Metals & Mining	6.290000000000001%
Materials	6.14%
Technology	6.0600000000000005%
Consumer Staples	4.34%
Construction	3.7199999999999998%
Consumer Discretionary	3.6700000000000004%

What is risk level of Mahindra Manulife Mid Cap Fund?

This is a Mid Cap fund comes with Very High risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How do I invest in Mahindra Manulife Mid Cap Fund Direct - Growth?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. The whole process takes just a few minutes. Here's how it works:

For the Desktop Version:

Click on the "Invest Now" button at the top right, then scan the QR code to download the app.

For the Mobile Version:

Click on the "Invest on App" button at the bottom to download the app.
Once the app is downloaded:
Sign-up and complete your one time KYC process, or log in if you're already registered.
Search for Mahindra Manulife Mid Cap Fund - Direct Growth, select your investment mode (lump sum or SIP), and enter the investment amount.
Provide the required details, including the bank account you'll use for payment, and confirm your investment.

That's it. Your investment in the Mahindra Manulife Mid Cap Fund is complete.

How can I redeem my investments in Mahindra Manulife Mid Cap Fund?

Redeeming your investments in the Mahindra Manulife Mid Cap Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

If you have invested from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

App exclusive

in Mid Cap

#NA

Return Consistency: This fund is one of the best in generating consistent return in it's category.
Return/Risk: For every unit of risk this fund takes, it produces 20% more returns.
Exit Load: Exit load of 1% if redeemed within 3 months.