Mahindra Manulife Multi Cap Fund Direct - Growth

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

The Mahindra Manulife Multi Cap Fund Direct - Growth is a 8 yrs 9 m old fund and has delivered average annual returns of 17.4% since inception. Mahindra Manulife Multi Cap Fund Direct - Growth Returns 1-Year 3-Year 5-Year Since Inception 8.45% 21.91% 20.66% 17.4%

NAV as of Feb 02, 2026	Returns since inception	ET Money Rank	AUM (Fund size)
₹40.5577-1.69% 1 day change	17.4% p.a.	App exclusive #NA View Ranked Funds	₹6,133 Cr

Historical NAV & returns

NAV: ₹40.5577 as on Feb 02, 2026

This fund Category average

Mahindra Manulife Multi Cap Fund overview

Expense ratio	0.42% as on Feb 02, 2026
Exit load	1.0% Exit load of 1% if redeemed within 3 months.!
AUM (Fund size)	₹6,133 Cr
Lock-in Period	Nil
Age	8 yrs 9 m since Apr 20, 2017
Benchmark	Nifty 500 Multicap 50:25:25 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 Multi 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	-4.81%	-5.27%
3 Months	-4.4%	-6.24%
6 Months	-0.45%	-2.04%
1 Year	8.45%	5.5%
2 Years	8.26%	8.69%
3 Years	21.91%	18.96%
4 Years	14.99%	14.35%
5 Years	20.66%	17.73%
7 Years	21.01%	16.68%

View returns in detail

Asset allocationas on Dec 31, 2025

Large Cap 39.04%

Mid Cap 32.87%

Small Cap 26.39%

Other Cap 0%

Top holdings

Glenmark Pharmaceuticals Ltd.3.28%

ICICI Bank Ltd.3.07%

Indus Towers Ltd.3.07%

Divi's Laboratories Ltd.2.97%

Top sectors

Financial 25.200000000000003%

Healthcare 13.040000000000001%

Automobile 8.14%

Materials 7.419999999999999%

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

Repo 0.93%

Net Receivables 0.77%

Other Holdings

Others 0.77%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
Mahindra Manulife Multi Cap Fund	-4.81%	-0.45%	8.45%	21.91%	20.66%	N.A.
Nippon India Multi Cap Fund	-5.47%	-3.96%	7.1%	21.43%	23.11%	16.73%
ICICI Prudential Multicap Fund	-5.09%	-1.47%	5.44%	19.9%	17.9%	16.54%
ITI Multi Cap Fund	-5.45%	-0.81%	8.03%	20.82%	14.97%	10.06%
Baroda BNP Paribas Multi Cap Fund	-5.09%	-1.52%	2.12%	18.3%	18.18%	15.93%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Mahindra Manulife Multi Cap Fund	14.44	0.95	1.05	1.49
Nippon India Multi Cap Fund	13.26	0.87	1.1	1.65
ICICI Prudential Multicap Fund	12.45	0.82	1.07	1.74
ITI Multi Cap Fund	14.95	1.0	0.95	1.19
Baroda BNP Paribas Multi Cap Fund	13.81	0.9	0.88	1.09

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Mahindra Manulife Multi Cap Fund	N.A.	6,133 Cr	8 yrs 9 m	0.42%
Nippon India Multi Cap Fund	N.A.	50,352 Cr	13 yrs 1 m	0.72%
ICICI Prudential Multicap Fund	N.A.	16,263 Cr	13 yrs 1 m	0.94%
ITI Multi Cap Fund	N.A.	1,349 Cr	6 yrs 9 m	0.34%
Baroda BNP Paribas Multi Cap Fund	N.A.	3,142 Cr	13 yrs 1 m	0.9%

View all Multi Cap funds

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

Alpha	4.01 vs. 3.63 Higher outperformance against benchmark
Sharpe	1.05 vs. 3.56 Poor risk-adjusted returns
Beta	0.95 vs. 0.56 More sensitive to market's ups & downs
Standard deviation	14.44 vs. 6.99 More volatile performance

About this fund

About Mahindra Manulife Multi Cap Fund

Mahindra Manulife Multi Cap Fund Direct - Growth is a Multi Cap mutual fund scheme from Mahindra Manulife Mutual Fund. This fund has been in existence for 8 yrs 9 m, having been launched on 20/04/2017. Mahindra Manulife Multi Cap Fund Direct - Growth has ₹6,133 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 Multi Cap Fund Direct - Growth as of 02/02/2026 is ₹40.56. The fund has an expense ratio of 0.42%, which is less than what most other Multi Cap funds charge.

Mahindra Manulife Multi Cap Fund Direct - Growth returns of last 1-year are 9.19%. Since launch, it has delivered 17.38% average annual returns. The fund has doubled the money invested in it every 4 yrs.
Mahindra Manulife Multi 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, Automobile, Materials, Services 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., ICICI Bank Ltd., Indus Towers Ltd., Divi's Laboratories Ltd., Shriram Finance Ltd.

...

Fund AUM	6,133 Cr as on Dec 31, 2025
Scheme document	View Scheme Document

Fund managers

Fatema Pacha

Ms. Pacha has done PGDBM (Finance) and BE (Computers) Prior to joining Mahindra Manulife Mutual Fund, she was associated with ICICI Prudential Life Insurance and UTI Mutual Fund.

Vishal Jajoo

Mr. Jajoo is a Chartered Accountant, PGDM (Finance) and MBA (Investments) Prior to joining Mahindra Manulife AMC, he has worked with ITI Mutual Fund and Tata Investment Corporation Ltd

Investment objective

The scheme seeks to provide medium to long term capital appreciation through appropriate diversification and taking low risk on business quality.

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 Mid Cap Fund	N.A.	4,295 Cr	8.8%	23.4%
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 Multi Cap Fund Direct - Growth?

The current Net Asset Value (NAV) of the Mahindra Manulife Multi Cap Fund - Direct Growth plan is approximately ₹40.5577 as of Feb 02, 2026.

What are the returns of this mutual fund scheme?

The Mahindra Manulife Multi Cap Fund Direct - Growth is a 8 yrs 9 m old fund and has delivered average annual returns of 17.4% since inception.

Mahindra Manulife Multi Cap Fund Direct - Growth Returns

1-Year	3-Year	5-Year	Since Inception
8.45%	21.91%	20.66%	17.4%

How much does this mutual fund charge as expense ratio?

The Mahindra Manulife Multi Cap Fund - Direct Growth has an expense ratio of 0.42%, 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 Multi Cap Fund currently has assets under management (AUM) or fund size valued at approximately 6,133 Cr as on Dec 31, 2025.

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

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

Company	Percentage of Portfolio
Glenmark Pharmaceuticals Ltd.	3.28%
ICICI Bank Ltd.	3.07%
Indus Towers Ltd.	3.07%
Divi's Laboratories Ltd.	2.97%
Shriram Finance Ltd	2.51%
Ultratech Cement Ltd.	2.4%
Polycab India Ltd.	2.4%
Axis Bank Ltd.	2.17%
Reliance Industries Ltd.	2.11%
Piramal Finance Ltd.	2.05%

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

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

Sector	Percentage of Portfolio
Financial	25.200000000000003%
Healthcare	13.040000000000001%
Automobile	8.14%
Materials	7.419999999999999%
Services	7.180000000000001%
Capital Goods	6.6899999999999995%
Technology	6.029999999999999%
Metals & Mining	4.62%
Communication	4.08%
Energy	3.95%

What is risk level of Mahindra Manulife Multi Cap Fund?

This is a Multi 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 Multi 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 Multi 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 Multi Cap Fund is complete.

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

Redeeming your investments in the Mahindra Manulife Multi 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 Multi Cap

#NA

Return/Risk: For every unit of risk this fund takes, it produces 20% more returns.
Expense Ratio: This fund has the 3rd lowest expense ratio amongst actively/passively managed Multi Cap funds.
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.