Mahindra Manulife Small Cap Fund

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

The Mahindra Manulife Small Cap Fund is a 2 yrs 11 m old fund and has delivered average annual returns of 26.78% since inception. Mahindra Manulife Small Cap Fund Returns 1-Year Since Inception 1.17% 26.78%

NAV as of Oct 20, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹19.6744+0.74% 1 day change	26.78% p.a.	App exclusive #NA View Ranked Funds	₹4,065 Cr

Historical NAV & returns

NAV: ₹19.6744 as on Oct 20, 2025

This fund Category average

Mahindra Manulife Small Cap Fund overview

AUM (Fund size)	₹4,065 Cr
Exit load	1.0% Exit load of 1% if redeemed within 3 months!
Lock-in Period	Nil
Age	2 yrs 11 m since Nov 21, 2022
Benchmark	BSE 250 SmallCap TRI
Min. investment	SIP: ₹500 & Lumpsum: ₹1000
Expense ratio	1.85% as on Sep 30, 2025
Plan type	Regular
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 Small 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 Oct 17, 2025

Period	This fund	Category average
1 Month	2.13%	1.12%
3 Months	2.72%	0.57%
6 Months	13.02%	11.6%
1 Year	1.17%	2.09%
2 Years	22.76%	19.24%

View returns in detail

Asset allocationas on Sep 30, 2025

Large Cap 1.9%

Mid Cap 24.52%

Small Cap 69.73%

Other Cap 0%

Top holdings

APL Apollo Tubes Ltd.3.34%

Multi Commodity Exchange Of India Ltd.2.59%

Oswal Pumps Ltd.2.54%

Godfrey Phillips India Ltd.2.49%

Top sectors

Financial 18.620000000000005%

Consumer Staples 12.090000000000002%

Capital Goods 9.93%

Healthcare 8.91%

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 1.59%

Net Receivables 1.15%

Mutual Fund 1.11%

Other Holdings

Others 1.15%

Mahindra Manulife Liquid Fund Direct -Growth 1.11%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
Mahindra Manulife Small Cap Fund	2.13%	13.02%	1.17%	N.A.	N.A.	N.A.
Nippon India Small Cap Fund	1.07%	10.31%	0.27%	22.87%	32.7%	20.54%
Bandhan Small Cap Fund	1.91%	13.35%	7.3%	30.71%	30.75%	16.92%
Tata Small Cap Fund	-1.87%	7.64%	-4.39%	19.87%	29.2%	14.7%
Invesco India Smallcap Fund	3.61%	14.33%	8.79%	25.84%	31.13%	15.62%
Quant Small Cap Fund	2.37%	10.46%	0.71%	24.5%	33.7%	19.55%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Mahindra Manulife Small Cap Fund	N.A.	N.A.	N.A.	N.A.
Nippon India Small Cap Fund	16.46	0.85	0.93	1.3
Bandhan Small Cap Fund	17.88	0.91	1.17	1.84
Tata Small Cap Fund	16.04	0.8	0.83	1.16
Invesco India Smallcap Fund	16.15	0.81	1.04	1.26
Quant Small Cap Fund	17.35	0.87	0.95	1.47

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Mahindra Manulife Small Cap Fund	N.A.	4,065 Cr	2 yrs 11 m	1.85%
Nippon India Small Cap Fund	N.A.	66,136 Cr	15 yrs 1 m	1.4%
Bandhan Small Cap Fund	N.A.	15,738 Cr	5 yrs 8 m	1.65%
Tata Small Cap Fund	N.A.	11,637 Cr	7 yrs	1.67%
Invesco India Smallcap Fund	N.A.	8,055 Cr	7 yrs	1.73%
Quant Small Cap Fund	N.A.	29,288 Cr	29 yrs 1 m	1.59%

View all Small Cap funds

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

Risk ratios are based on three-year data. The required data is unavailable for the scheme.

Compare Mahindra Manulife Small Cap Fund in detail with

About this fund

About Mahindra Manulife Small Cap Fund

Mahindra Manulife Small Cap Fund is a Small Cap mutual fund scheme from Mahindra Manulife Mutual Fund. This fund has been in existence for 2 yrs 11 m, having been launched on 21/11/2022. Mahindra Manulife Small Cap Fund has ₹4,065 Crores worth of assets under management (AUM) as on 30/09/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Mahindra Manulife Small Cap Fund as of 20/10/2025 is ₹19.67. The fund has an expense ratio of 1.85%, which is higher than what most other Small Cap funds charge.

Mahindra Manulife Small Cap Fund returns of last 1-year are -6.41%. Since launch, it has delivered 26.72% average annual returns. The fund has doubled the money invested in it every 3 yrs.
The fund has the majority of its money invested in Financial, Consumer Staples, Capital Goods, Healthcare, Services sectors. It has taken less exposure in Financial, Consumer Staples sectors compared to other funds in the category.
The fund's top 5 holdings are in APL Apollo Tubes Ltd., Multi Commodity Exchange Of India Ltd., Oswal Pumps Ltd., Godfrey Phillips India Ltd., eClerx Services Ltd..

...

Fund AUM	4,065 Cr as on Sep 30, 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..

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 generate long term capital appreciation by investing in a diversified portfolio of equity & equity related securities of small cap companies.

Mahindra Manulife Mutual Fund details

No. of schemes	25 view all schemes
Total AUM	31,673 Cr as on Sep 30, 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.	3,994 Cr	2.71%	27.82%
Mahindra Manulife Multi Cap Fund	N.A.	5,720 Cr	5.15%	25.36%
Mahindra Manulife Large & Mid Cap Fund	N.A.	2,647 Cr	2.48%	22.35%
Mahindra Manulife Focused Fund	N.A.	2,127 Cr	5.07%	N.A.
Mahindra Manulife ELSS Tax Saver Fund	N.A.	942 Cr	7.35%	20.88%
Mahindra Manulife Consumption Fund	N.A.	540 Cr	3.23%	20.25%

See all Equity funds from this AMC

Frequently asked questions

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

The current Net Asset Value (NAV) of the Mahindra Manulife Small Cap Fund plan is approximately ₹19.6744 as of Oct 20, 2025.

What are the returns of this mutual fund scheme?

The Mahindra Manulife Small Cap Fund is a 2 yrs 11 m old fund and has delivered average annual returns of 26.78% since inception.

Mahindra Manulife Small Cap Fund Returns

1-Year	Since Inception
1.17%	26.78%

How much does this mutual fund charge as expense ratio?

The Mahindra Manulife Small Cap Fund has an expense ratio of 1.85%, 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 Small Cap Fund currently has assets under management (AUM) or fund size valued at approximately 4,065 Cr as on Sep 30, 2025.

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

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

Company	Percentage of Portfolio
APL Apollo Tubes Ltd.	3.34%
Multi Commodity Exchange Of India Ltd.	2.59%
Oswal Pumps Ltd.	2.54%
Godfrey Phillips India Ltd.	2.49%
eClerx Services Ltd.	2.25%
The Ramco Cements Ltd.	2.15%
Radico Khaitan Ltd.	2.12%
IIFL Finance Ltd.	2.1%
Supreme Petrochem Ltd.	2.09%
RBL Bank Ltd.	2.05%

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

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

Sector	Percentage of Portfolio
Financial	18.620000000000005%
Consumer Staples	12.090000000000002%
Capital Goods	9.93%
Healthcare	8.91%
Services	8.309999999999999%
Metals & Mining	8.11%
Materials	7.51%
Textiles	5.23%
Automobile	5.08%
Consumer Discretionary	4.18%

What is risk level of Mahindra Manulife Small Cap Fund?

This is a Small 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 can I redeem my investments in Mahindra Manulife Small Cap Fund?

Redeeming your investments in the Mahindra Manulife Small 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 Small Cap

#NA

Return Outperformance: This fund has generated highest return amongst Small Cap funds in the last 2 Years.
Return/Risk: The fund is performing poorly than its category.
Exit Load: Exit load of 1% if redeemed within 3 months