Mahindra Manulife Large & Mid Cap Fund Direct Growth

Mahindra Manulife Large & Mid Cap Fund Direct Growth

Equity

Direct

Large & Mid-Cap

NAV as on 06-12-2024

₹ 30.01

0.4%

1D

Inception Returns

24.9%

/yr

About Mahindra Manulife Large & Mid Cap Fund Direct Growth

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

  1. Mahindra Manulife Large & Mid Cap Fund Direct Growth has ₹2538 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
  2. The fund has an expense ratio 0.5.

Returns

Mahindra Manulife Large & Mid Cap Fund Direct Growth has given a CAGR return of 24.93% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 26.52% and 20.36% respectively.

Holdings

Mahindra Manulife Large & Mid Cap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Industrial, Tech, Consumer Defensive, Energy, Health, Basic Materials, Utilities, Communication. Its top holdings are HDFC Bank Ltd, Reliance Industries Ltd, ICICI Bank Ltd, Persistent Systems Ltd, Divi's Laboratories 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 benefit
Dividends 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.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
513 people have invested ₹ 40.9L in Mahindra Manulife Large & Mid Cap Fund Direct Growth in the last three months

Mahindra Manulife Large & Mid Cap Fund Direct Growth Overview

Expense ratio0.45%
Benchmark
S&P BSE 200 India TR INR
AUM₹2538 Cr
Inception Date1 January, 2020
Min Lumpsum/SIP₹1000/₹500
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
136.03%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (06-Dec-24)

Period
Mahindra Manulife Large & Mid Cap Fund Direct Growth
NIFTY 500
large & mid-cap
1M
1.2%
2.2%
1.9%
3M
-0.9%
-0.7%
0.4%
6M
8.4%
7.1%
12.2%
1Y
26.5%
24.6%
32.3%
3Y
20.4%
16.3%
21%

Fund Distribution

as on (31-Oct-24)

  • Equity 93.5%

  • Debt & Cash 6.5%

Large cap
45%

Mid cap
35%

Small cap
12.9%

Sector Allocation

Oct'24

Sep'24

Aug'24

Financial Services
28.8%
Consumer Cyclical
14.4%
Industrial
10.7%
Tech
10.4%
Consumer Defensive
8.9%
Energy
6.9%
Health
6.5%
Basic Materials
6%
Utilities
5.9%
Communication
1.6%
All changes are between Aug'24 and Oct'24
Oct'24
Sep'24
Aug'24
Fund Returns
-5.67%
0.90%
2.33%
NIFTY 500
-6.52%
2.04%
0.97%
  • This fund’s returns stands at -5.67% whereas the fund’s underlying benchmark NIFTY 500 returns stands at -6.52% as on Oct'24
  • This fund outperformed NIFTY 500 by 0.85% in Oct'24
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 2.5K Cr
₹ 2.6K Cr
₹ 2.6K Cr
  • AUM of the fund stands at 2.5K Cr as of Oct'24
  • AUM decreased by 114.1 Cr between Oct'24 and Sep'24
Top Stocks bought last month
ICICI Bank Ltd's allocation increased from 0.44% to 2.31%
ICICI Bank Ltd's allocation increased from 0.44% to 2.31%
Divi's Laboratories Ltd's allocation increased from 1.22% to 2.42%
Divi's Laboratories Ltd's allocation increased from 1.22% to 2.42%
Kaynes Technology India Ltd's allocation increased from 0.48% to 0.97%
Kaynes Technology India Ltd's allocation increased from 0.48% to 0.97%
Top Stocks sold last month
Reliance Industries Ltd's allocation decreased from 4.25 % to 4.01 %
Reliance Industries Ltd's allocation decreased from 4.25 % to 4.01 %
Hindustan Unilever Ltd's allocation decreased from 3.04 % to 2.72 %
Hindustan Unilever Ltd's allocation decreased from 3.04 % to 2.72 %
Trent Ltd's allocation decreased from 2.46 % to 2.42 %
Trent Ltd's allocation decreased from 2.46 % to 2.42 %
Mid Cap allocation has gone up from 35% to 35.1%
Mid Cap allocation has gone up from 35% to 35.1%
Large Cap allocation has gone down from 47.1% to 43%
Large Cap allocation has gone down from 47.1% to 43%
Small Cap allocation has gone down from 14.5% to 13.1%
Small Cap allocation has gone down from 14.5% to 13.1%
Cash allocation has gone up from 1.4% to 6.5%
Cash allocation has gone up from 1.4% to 6.5%

Top 3 Sectors in October were Financial Services, Consumer Cyclical & Tech

Oct'24
Financial Services
29%
Consumer Cyclical
14%
Industrial
11%
Sep'24
Financial Services
24%
Consumer Cyclical
16%
Tech
11%
Fund
Oct'24
Sep'24
Aug'24
No of Holdings
66
72
69
Top 5 Company Concentration
17.9%
18.1%
18.4%
Company having highest exposure
HDFC Bank Ltd (5.7%)
HDFC Bank Ltd (5.5%)
HDFC Bank Ltd (4.9%)
No of Sectors
10
10
10
Top 5 Sectors Concentration
73.1%
69.7%
67.1%
Sector having highest exposure
Financial Services (28.8%)
Financial Services (23.5%)
Financial Services (19.5%)
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Manish Lodha
Manish Lodha
Fund Manager of Mahindra Manulife Large & Mid Cap Fund Direct Growth, since 21 December 2020
Fund House
Mahindra Manulife Investment Management Pvt. Ltd.
Total AUM
₹30.15K Cr
as on 31-Oct-2024
Address
1st Floor, Sadhana House, Behind Mahindra Tower,570 P. B. Marg, Worli, Mumbai 400018
Phone
022-66327900
Website
mfinvestors@mahindra.com

Mahindra Manulife Large & Mid Cap Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 24.93% since inception which is more than its category average return of 17.38%
Fund Allocations

Fund Allocations

This fund has an allocation of 93.52% in Equity, 0% in Debt and 6.48% in Cash related instruments
AUM size ₹2538 Cr

AUM size ₹2538 Cr

This fund has AUM of ₹2538 Cr which is less than its category average of ₹ 7300 Cr
Expense Ratio 0.45%

Expense Ratio 0.45%

This fund has an expense ratio of 0.45% which is less than its category average expense ratio of 1.37%

Frequently Asked Questions for Mahindra Manulife Large & Mid Cap Fund Direct Growth

The current NAV of Mahindra Manulife Large & Mid Cap Fund Direct Growth is ₹30.01 as on 06-Dec-2024.
Existing (Absolute + CAGR) as on 06-Dec-2024.
Mahindra Manulife Large & Mid Cap Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
1.18%
1.18%
6 Month Returns
8.37%
8.37%
1 Year Returns
26.52%
26.52%
3 Years Returns
74.37%
20.36%
5 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
  • 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.
0.45% as on November 2024
₹2538 Cr as on November 2024
HDFC Bank Ltd(6.5%), Reliance Industries Ltd(3.85%), ICICI Bank Ltd(3%), Persistent Systems Ltd(2.93%), Divi's Laboratories Ltd(2.74%) as on November 2024
Financial Services(26.97%), Consumer Cyclical(13.43%), Industrial(9.96%) as on November 2024
The alpha ratio for the Mahindra Manulife Large & Mid Cap Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Mahindra Manulife Large & Mid Cap Fund Direct Growth
1.57
0.88
-
As on November 2024
The alpha for Mahindra Manulife Large & Mid Cap Fund Direct Growth is calculated against S&P BSE 200 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Mahindra Manulife Large & Mid Cap Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Mahindra Manulife Large & Mid Cap Fund Direct Growth
0.81
0.93
-
As on November 2024
The Beta for Mahindra Manulife Large & Mid Cap Fund Direct Growth is calculated with S&P BSE 200 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Mahindra Manulife Large & Mid Cap Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Mahindra Manulife Large & Mid Cap Fund Direct Growth
1.49
0.94
-
As on November 2024
The sharpe ratio for Mahindra Manulife Large & Mid Cap Fund Direct Growth is calculated with S&P BSE 200 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Mahindra Manulife Large & Mid Cap Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Mahindra Manulife Large & Mid Cap Fund Direct Growth
11.56
13.49
-
As on November 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 1.63 as on November 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Manish Lodha is the fund manager of Mahindra Manulife Large & Mid Cap Fund Direct Growth
The Exit load of Mahindra Manulife Large & Mid Cap Fund Direct Growth is 1%