Mahindra Manulife Mid Cap Fund Direct - Growth

Q: What are the returns of Mahindra Manulife Mid Cap Fund?

The Mahindra Manulife Mid Cap Fund is a 7 yrs 5 m old fund and has delivered average annual returns of 19.42% since inception. Mahindra Manulife Mid Cap Fund Returns 1-Year 3-Year 5-Year Since Inception 8.58% 28.57% 31.99% 19.42%

NAV as of Jun 05, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹36.9195+0.45% 1 day change	19.42% p.a.	#NA View Ranked Funds	₹3,398 Crs

Historical NAV & returns

NAV: ₹36.9195 as on Jun 05, 2025

This fund Category average

Mahindra Manulife Mid Cap Fund overview

Expense ratio	0.45% as on May 31, 2025
Exit load	1.0% Exit load of 1% if redeemed within 3 months.!
AUM (Fund size)	₹3,398 Crs
Lock-in	No Lockin
Age	7 yrs 5 m since Jan 08, 2018
Benchmark	NIFTY Midcap 150 TRI
Min. investment	SIP ₹500 & Lump. ₹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, pay tax of 12.5% on returns of ₹1.25 lakh+ in a financial year

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 Jun 06, 2025

Period	This fund	Category average
1 Month	6.18%	8.31%
3 Months	12.63%	14.98%
6 Months	-4.56%	-2.76%
1 Year	8.58%	11.1%
2 Years	32.02%	29.38%
3 Years	28.57%	26.13%
4 Years	22.94%	21.37%
5 Years	31.99%	31.1%
7 Years	21.12%	19.44%

View returns in detail

Asset allocationas on Mar 31, 2025

Large Cap 16.031392%

Mid Cap 67.06897599999999%

Small Cap 9.459632000000001%

Other Cap 0.0%

Top holdings

Max Healthcare Institute Ltd.3.23%

State Bank of India2.4%

Indian Bank2.23%

Voltas Ltd.2.19%

Top sectors

Financial 16.84%

Healthcare 12.559999999999999%

Capital Goods 10.0%

Automobile 9.15%

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

Net Receivables 4.49%

Repo 2.95%

Other Holdings

Others 4.49%

Detailed portfolio analysis

Peer comparison

Fund name	ETM Rank	AUM (in Crs.)	Fund age	Expense ratio
Mahindra Manulife Mid Cap Fund	N.A.	₹3,398 Crs	7 yrs 5 m	0.45%
Motilal Oswal Midcap Fund	N.A.	₹27,780 Crs	11 yrs 4 m	0.7%
Nippon India Growth Fund	N.A.	₹34,690 Crs	12 yrs 5 m	0.72%
HDFC Mid-Cap Opportunities Fund	N.A.	₹72,610 Crs	12 yrs 5 m	0.77%
Kotak Emerging Equity Fund	N.A.	₹48,129 Crs	12 yrs 5 m	0.42%
Edelweiss Mid Cap Fund	N.A.	₹8,634 Crs	12 yrs 5 m	0.4%

Fund name	1M	6M	1Y	3Y	5Y	10Y
Mahindra Manulife Mid Cap Fund	6.18%	-4.56%	8.58%	28.57%	31.99%	N.A.
Motilal Oswal Midcap Fund	5.9%	-10.15%	16.82%	33.96%	38.35%	19.3%
Nippon India Growth Fund	8.28%	-1.78%	13.8%	29.71%	34.33%	19.06%
HDFC Mid-Cap Opportunities Fund	7.56%	-1.12%	12.62%	30.77%	33.86%	18.96%
Kotak Emerging Equity Fund	9.63%	-3.0%	12.93%	26.1%	32.17%	19.62%
Edelweiss Mid Cap Fund	8.26%	-2.21%	18.78%	30.74%	35.55%	19.76%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Mahindra Manulife Mid Cap Fund	16.5	0.96	1.21	1.72
Motilal Oswal Midcap Fund	18.22	0.89	1.33	1.63
Nippon India Growth Fund	16.22	0.93	1.28	1.91
HDFC Mid-Cap Opportunities Fund	15.11	0.87	1.41	2.09
Kotak Emerging Equity Fund	16.24	0.91	1.07	1.4
Edelweiss Mid Cap Fund	16.65	0.95	1.26	1.69

View all Mid Cap funds

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

Alpha	2.56 vs. 7.14 Underperformed at beating benchmark
Sharpe	1.21 vs. 7.54 Poor risk-adjusted returns
Beta	0.96 vs. 1.03 Less sensitive to market ups & downs
Standard deviation	16.5 vs. 13.66 More volatile performance

Compare Mahindra Manulife Mid Cap Fund in detail with

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 7 yrs 5 m, having been launched on 08/01/2018. Mahindra Manulife Mid Cap Fund Direct - Growth has ₹3,398 Crores worth of assets under management (AUM) as on 31/03/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Mahindra Manulife Mid Cap Fund Direct - Growth as of 05/06/2025 is ₹36.92. The fund has an expense ratio of 0.45%, which is less than what most other Mid Cap funds charge.

Mahindra Manulife Mid Cap Fund Direct - Growth returns of last 1-year are 11.20%. Since launch, it has delivered 19.45% 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 in-line with 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, Consumer Staples 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 Max Healthcare Institute Ltd., State Bank of India, Indian Bank, Voltas Ltd., ICICI Bank Ltd..

...

Fund AUM	₹3,398 Crs as on Mar 31, 2025
Scheme document	View Scheme Document

Fund managers

Manish Lodha

Mr. Lodha is a Chartered Accountant and Company Secretary Prior to joining Mahindra Manulife Mutual Fund, he was associated with Canara HSBC OBC Life Insurance Co Ltd, Kotak Mahindra Mutual Fund. In these roles, he was responsible for Portfolio Management, Equity Research. He has also held various positions in Finance function during his association with BOC India Ltd (Now Linde India Ltd.).

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	24 view all schemes
Total AUM	₹27,256 Crs as on Mar 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 (in Crs.)	1Y	5Y
Mahindra Manulife Multi Cap Fund	N.A.	₹4,883 Crs	10.7%	29.48%
Mahindra Manulife Large & Mid Cap Fund	N.A.	₹2,415 Crs	6.1%	27.26%
Mahindra Manulife ELSS Tax Saver Fund	N.A.	₹895 Crs	8.17%	24.88%
Mahindra Manulife Focused Fund	N.A.	₹1,971 Crs	6.82%	N.A.
Mahindra Manulife Large Cap Fund	N.A.	₹611 Crs	9.42%	22.3%

See all Equity funds from this AMC

Frequently asked questions

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

The current Net Asset Value (NAV) of the Mahindra Manulife Mid Cap Fund - Direct Growth plan is approximately ₹36.9195 as of Jun 05, 2025.

What are the returns of this mutual fund scheme?

The Mahindra Manulife Mid Cap Fund is a 7 yrs 5 m old fund and has delivered average annual returns of 19.42% since inception.

Mahindra Manulife Mid Cap Fund Returns

1-Year	3-Year	5-Year	Since Inception
8.58%	28.57%	31.99%	19.42%

How much does this mutual fund charge as expense ratio?

The Mahindra Manulife Mid Cap Fund - Direct Growth has an expense ratio of 0.45%, which reflects the fund's management and operating costs. This percentage is subtracted from the fund's annual returns, impacting net returns for investors.

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 ₹3,398 Crs crore as of Mar 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
Max Healthcare Institute Ltd.	3.23%
State Bank of India	2.4%
Indian Bank	2.23%
Voltas Ltd.	2.19%
ICICI Bank Ltd.	2.18%
Blue Star Ltd.	2.17%
The Federal Bank Ltd.	2.13%
HDFC Bank Ltd.	2.04%
Coforge Ltd.	1.97%
Jindal Steel & Power Ltd.	1.97%

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	16.84%
Healthcare	12.559999999999999%
Capital Goods	10.0%
Automobile	9.15%
Consumer Staples	8.870000000000001%
Energy	6.249999999999999%
Technology	5.32%
Metals & Mining	4.75%
Consumer Discretionary	4.68%
Communication	3.29%

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?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. It is just a matter of a few minutes. Here's how:

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 and choose the investment mode (Lump sum investment or a SIP). Then, enter your investment amount.
Fill in additional required details, including the bank account you'll use for payment, and confirm.

All set! Your investment in Mahindra Manulife Mid Cap Fund is complete.

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

Redeeming your investments in Mahindra Manulife Mid Cap Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.

If you have invested in Mahindra Manulife Mid Cap Fund from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

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.
Volatility Protection: This fund ranks lower in terms of protecting against volatility within its category.
Exit Load: Exit load of 1% if redeemed within 3 months.