Mahindra Manulife Mid Cap Fund Direct Growth

Mahindra Manulife Mid Cap Fund Direct Growth

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Equity
Direct
Mid-Cap
NAV: ₹ 34.78 as on 11-06-2024

About the Fund

Mahindra Manulife Mid Cap Fund Direct Growth is an equity fund. This fund was started on 23 January, 2018. The fund is managed by Manish Lodha. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Mahindra Manulife Mid Cap Fund Direct Growth has ₹2580 Cr worth of assets under management (AUM) as on Apr 2024 and is less than category average.
  2. The fund has an expense ratio 0.5.

Returns

Mahindra Manulife Mid Cap Fund Direct Growth has given a CAGR return of 21.57% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 63.16%, 28.40% and 29.08% respectively.

Holdings

Mahindra Manulife Mid Cap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Basic Materials, Health, Tech, Communication, Energy, Utilities, Consumer Defensive, Real Estate. Its top holdings are Indus Towers Ltd Ordinary Shares, Hero MotoCorp Ltd, Indian Bank, REC Ltd, Persistent Systems Ltd

Taxation

As it is a 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 Mid Cap Fund Direct Growth

The investment objective of the Scheme is to seek 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. 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 Mid Cap Fund Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
3471 people have invested ₹ 3.1Cr in Mahindra Manulife Mid Cap Fund Direct Growth in the last three months

INDmoney Rank

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IND ranking is not available for this fund.

Pros

5Y returns in the top 25% of the category
3Y returns in the top 25% of the category
Beats FD returns for both 3Y & 5Y duration

Cons

No bad points found for this fund.

Overview

Expense ratio
Expense ratio
0.47%
Benchmark
Benchmark
S&P BSE Midcap TR INR
AUM
AUM
₹2580 Cr
Inception Date
Inception Date
23 January, 2018
Min Lumpsum/SIP
Min Lumpsum/SIP
₹1000/₹500
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
116%

Mahindra Manulife Mid Cap Fund Direct Growth Distribution as on (30-Apr-24)

  • Equity 95%

  • Debt & Cash 5.1%

Size breakup

Mid cap
66.1%
Large cap
15.9%
Small cap
12.9%
Sector Allocation

Apr'24

Mar'24

Feb'24

Financial Services
22.6%
Industrial
20.3%
Basic Materials
15.2%
Consumer Cyclical
11.3%
Health
11.3%
Communication
5.4%
Energy
5%
Tech
5%
Utilities
3.1%
Consumer Defensive
0.8%

Monthly Changes Updates

All changes are between Feb'24 and Apr'24
Fund Performance
Apr'24
Mar'24
Feb'24
Fund Returns
7.67%
0.55%
0.80%
Nifty Midcap 150
4.47%
-1.16%
0.27%
  • This fund’s returns stands at 7.67% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at 4.47% as on Apr'24
  • This fund outperformed Nifty Midcap 150 by 3.20% in Apr'24
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 2.4K Cr
₹ 2.2K Cr
₹ 2.2K Cr
  • AUM of the fund stands at 2.4K Cr as of Apr'24
  • AUM increased by 231.2 Cr between Apr'24 and Mar'24
Fund Portfolio Changes

Top Holdings of Mahindra Manulife Mid Cap Fund Direct Growth as on (31-May-24)

  • Equity

Equity Holdings65

Mutual Fund Insights

Insights icon
In the last 1 year, Quant Mid Cap Fund Growth Option Direct Plan has given 77.35% return, outperforming this fund by 14.19%.
Insights icon
This fund has one of the lowest expense ratio in the category (mid-cap). Its expense ratio is 0.47% which is lower than the category average expense ratio of 1.16%.
Insights icon
In the last 3 years, Motilal Oswal Midcap Direct Growth has given 36.77% return, outperforming this fund by 8.37% per annum.
Insights icon
In the last 5 years, Quant Mid Cap Fund Growth Option Direct Plan has given 36.5% return, outperforming this fund by 7.43% per annum.
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Over the last 6 months, this fund has experienced a 48.6% growth in AUM moving from 1.73K Cr to 2.58K Cr.

Fund Manager

Manish Lodha
Manish Lodha
Fund Manager of Mahindra Manulife Mid Cap Fund Direct Growth, since 21 December 2020

Mahindra Manulife 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 21.57% since inception which is more than its category average return of 19.91%
Fund Allocations

Fund Allocations

This fund has an allocation of 94.95% in Equity, 0% in Debt and 5.05% in Cash related instruments
AUM size ₹2580 Cr

AUM size ₹2580 Cr

This fund has AUM of ₹2580 Cr which is less than its category average of ₹ 8040 Cr
Expense Ratio 0.47%

Expense Ratio 0.47%

This fund has an expense ratio of 0.47% which is less than its category average expense ratio of 1.38%

Frequently Asked Questions

The current NAV of Mahindra Manulife Mid Cap Fund Direct Growth is ₹34.78 as on 11-Jun-2024.
Existing (Absolute + CAGR) as on 11-Jun-2024.
Mahindra Manulife Mid Cap Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
7.81%
7.81%
6 Month Returns
26.34%
26.34%
1 Year Returns
63.16%
63.16%
3 Years Returns
111.71%
28.4%
5 Years Returns
258.29%
29.08%
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.
0.47% as on May 2024
₹2580 Cr as on May 2024
Indus Towers Ltd Ordinary Shares(3.1%), Hero MotoCorp Ltd(2.98%), Indian Bank(2.86%), REC Ltd(2.83%), Persistent Systems Ltd(2.78%) as on May 2024
Financial Services(19.94%), Industrial(18.11%), Consumer Cyclical(13.19%) as on May 2024
The alpha ratio for the Mahindra Manulife Mid Cap Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Mahindra Manulife Mid Cap Fund Direct Growth
7.87
2.3
4.93
As on May 2024
The alpha for Mahindra Manulife Mid Cap Fund Direct Growth is calculated against S&P BSE Midcap 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 Mid Cap Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Mahindra Manulife Mid Cap Fund Direct Growth
0.92
0.97
0.83
As on May 2024
The Beta for Mahindra Manulife Mid Cap Fund Direct Growth is calculated with S&P BSE Midcap 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 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 Mid Cap Fund Direct Growth
3.52
1.44
1.15
As on May 2024
The sharpe ratio for Mahindra Manulife Mid Cap Fund Direct Growth is calculated with S&P BSE Midcap 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 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 Mid Cap Fund Direct Growth
12.17
14.85
18.97
As on May 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 2.84 as on May 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.54 as on May 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Manish Lodha is the fund manager of Mahindra Manulife Mid Cap Fund Direct Growth
The Exit load of Mahindra Manulife Mid Cap Fund Direct Growth is 1%