Mahindra Manulife Large & Mid Cap Fund Direct Growth
About the Fund
Mahindra Manulife Large & Mid Cap Fund Direct Growth is an equity fund. This fund was started on 1 January, 2020. The fund is managed by Manish Lodha. The fund could potentially beat inflation in the long-run.
Key Parameters
- Mahindra Manulife Large & Mid Cap Fund Direct Growth has ₹2212 Cr worth of assets under management (AUM) as on Jun 2024 and is less than category average.
- The fund has an expense ratio 0.4.
Returns
Mahindra Manulife Large & Mid Cap Fund Direct Growth has given a CAGR return of 26.66% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 41.77% and 23.84% respectively.
Holdings
Mahindra Manulife Large & Mid Cap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Energy, Basic Materials, Tech, Health, Utilities, Communication, Consumer Defensive. Its top holdings are HDFC Bank Ltd, Reliance Industries Ltd, Indus Towers Ltd Ordinary Shares, Grasim Industries Ltd, Bharat Forge Ltd
Taxation
As it is a large & mid-cap mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of Mahindra Manulife Large & Mid Cap Fund Direct Growth
The investment objective of the Scheme is to seek long term capital growth through investments in equity and equity related securities of both large cap and mid cap stocks. However, there can be no assurance that the investment objective of the Scheme will be achieved.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 500.00. Mahindra Manulife Large & Mid Cap Fund Direct Growth has no lock in period.
Fund Overview
| Expense ratio | 0.4% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹2212 Cr |
| Inception Date | 1 January, 2020 |
| Min Lumpsum/SIP | ₹1000/₹500 |
Exit Load | 1% |
| Lock In | No Lock-in |
TurnOver | 119% |
| Risk |   Very High Risk |
Fund Distributionas on (30-Jun-24)
as on (30-Jun-24)
Returns for the month of Jun
Top Growth Drivers | 1M Return |
|---|---|
 JK Paper Ltd | 3.9% |
Samvardhana Motherson International Ltd | 2.4% |
 Wipro Ltd | 2% |
Mahindra Manulife Large & Mid Cap Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹2212 Cr
Expense Ratio 0.4%
Frequently Asked Questions
Mahindra Manulife Large & Mid Cap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 2.12% | 2.12% |
6 Month Returns | 17.33% | 17.33% |
1 Year Returns | 41.77% | 41.77% |
3 Years Returns | 89.91% | 23.84% |
5 Years Returns | 0% | 0% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Mahindra Manulife Large & Mid Cap Fund Direct Growth | 4.85 | 2.25 | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Mahindra Manulife Large & Mid Cap Fund Direct Growth | 0.87 | 0.95 | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Mahindra Manulife Large & Mid Cap Fund Direct Growth | 2.87 | 1.31 | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Mahindra Manulife Large & Mid Cap Fund Direct Growth | 11.04 | 13.35 | - |