Mahindra Manulife Mid Cap Fund Direct Growth

Mahindra Manulife Mid Cap Fund Direct Growth

Equity

Direct

Mid-Cap

NAV as on 06-12-2024

₹ 38.68

0.3%

1D

Inception Returns

21.7%

/yr

About Mahindra Manulife Mid Cap Fund Direct Growth

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

Key Parameters

  1. Mahindra Manulife Mid Cap Fund Direct Growth has ₹3461 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 Mid Cap Fund Direct Growth has given a CAGR return of 21.72% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 40.92%, 28.12% and 30.89% respectively.

Holdings

Mahindra Manulife Mid Cap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Industrial, Basic Materials, Tech, Health, Energy, Consumer Defensive, Communication, Real Estate, Utilities. Its top holdings are Persistent Systems Ltd, State Bank of India, Max Healthcare Institute Ltd Ordinary Shares, LTIMindtree Ltd, Indian Bank

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.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
6192 people have invested ₹ 4Cr in Mahindra Manulife Mid Cap Fund Direct Growth in the last three months

INDmoney Rank for Mahindra Manulife Mid Cap Fund Direct Growth

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IND ranking is not available for this fund.
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5Y returns in the top 25% of the category
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3Y returns in the top 25% of the category
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Beats FD returns for both 3Y & 5Y duration
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No bad points found for this fund.

Mahindra Manulife Mid Cap Fund Direct Growth Overview

Expense ratio0.48%
Benchmark
S&P BSE Midcap TR INR
AUM₹3461 Cr
Inception Date23 January, 2018
Min Lumpsum/SIP₹1000/₹500
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
98.77%
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 Mid Cap Fund Direct Growth
Nifty Midcap 150
mid-cap
1M
3.4%
1.7%
3.4%
3M
-1.1%
-0%
-1.2%
6M
16.1%
10.5%
14.7%
1Y
40.9%
32.2%
35.3%
3Y
28.1%
24.3%
23.1%
5Y
30.9%
28.5%
27.1%

Fund Distribution

as on (31-Oct-24)

  • Equity 97.8%

  • Debt & Cash 2.2%

Mid cap
65.6%

Large cap
19.2%

Small cap
12.1%

Sector Allocation

Oct'24

Sep'24

Aug'24

Financial Services
22.7%
Consumer Cyclical
15.4%
Industrial
14.6%
Basic Materials
12.2%
Tech
10.2%
Health
10%
Energy
4.7%
Consumer Defensive
3.9%
Communication
3.4%
Real Estate
1.5%
Utilities
1.5%
All changes are between Aug'24 and Oct'24
Oct'24
Sep'24
Aug'24
Fund Returns
-5.87%
2.03%
0.44%
Nifty Midcap 150
-6.72%
2.05%
1.01%
  • This fund’s returns stands at -5.87% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at -6.72% as on Oct'24
  • This fund outperformed Nifty Midcap 150 by 0.84% in Oct'24
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 3.3K Cr
₹ 3.4K Cr
₹ 3.3K Cr
  • AUM of the fund stands at 3.3K Cr as of Oct'24
  • AUM decreased by 101.7 Cr between Oct'24 and Sep'24
Top Stocks bought last month
Persistent Systems Ltd's allocation increased from 2.11% to 3.57%
Persistent Systems Ltd's allocation increased from 2.11% to 3.57%
Premier Energies Ltd's allocation increased from 0.03% to 0.95%
Premier Energies Ltd's allocation increased from 0.03% to 0.95%
Indian Bank's allocation increased from 1.98% to 2.48%
Indian Bank's allocation increased from 1.98% to 2.48%
Top Stocks sold last month
LTIMindtree Ltd's allocation decreased from 2.71 % to 2.56 %
LTIMindtree Ltd's allocation decreased from 2.71 % to 2.56 %
Aurobindo Pharma Ltd's allocation decreased from 2.33 % to 2.3 %
Aurobindo Pharma Ltd's allocation decreased from 2.33 % to 2.3 %
CG Power & Industrial Solutions Ltd's allocation decreased from 2.2 % to 2.1 %
CG Power & Industrial Solutions Ltd's allocation decreased from 2.2 % to 2.1 %
Mid Cap allocation has gone up from 64.8% to 65.6%
Mid Cap allocation has gone up from 64.8% to 65.6%
Large Cap allocation has gone down from 20.6% to 19.2%
Large Cap allocation has gone down from 20.6% to 19.2%
Small Cap allocation has gone up from 10.8% to 12.1%
Small Cap allocation has gone up from 10.8% to 12.1%
Cash allocation has gone down from 3.8% to 2.2%
Cash allocation has gone down from 3.8% to 2.2%

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

Oct'24
Financial Services
23%
Consumer Cyclical
15%
Industrial
15%
Sep'24
Financial Services
19%
Consumer Cyclical
17%
Industrial
15%
Fund
Oct'24
Sep'24
Aug'24
No of Holdings
69
69
67
Top 5 Company Concentration
14.8%
14.6%
14.5%
Company having highest exposure
Persistent Systems Ltd (3.6%)
Persistent Systems Ltd (3.5%)
Persistent Systems Ltd (3.5%)
No of Sectors
11
11
11
Top 5 Sectors Concentration
75.1%
75%
72.9%
Sector having highest exposure
Financial Services (22.7%)
Financial Services (18.6%)
Financial Services (18%)
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Krishna Sanghavi
Krishna Sanghavi
Fund Manager of Mahindra Manulife Mid Cap Fund Direct Growth, since 24 October 2024
Top funds managed
Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Mahindra Manulife Mid Cap Fund Direct Growth
28.12%
23.12%
Manish Lodha
Manish Lodha
Fund Manager of Mahindra Manulife 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

Mutual Fund Insights

Insights icon
In the last 3 years, Motilal Oswal Midcap Direct Growth has given 37.39% return, outperforming this fund by 9.28% per annum.
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In the last 1 year, Motilal Oswal Midcap Direct Growth has given 64.34% return, outperforming this fund by 23.42%.
Insights icon
This fund has one of the lowest expense ratio in the category (mid-cap). Its expense ratio is 0.48% which is lower than the category average expense ratio of 1.14%.
Insights icon
Over the last 6 months, this fund has experienced a 37.3% growth in AUM moving from 2.43K Cr to 3.34K Cr.
Insights icon
In the last 5 years, Motilal Oswal Midcap Direct Growth has given 34.85% return, outperforming this fund by 3.96% per annum.

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 21.72% since inception which is more than its category average return of 19.83%
Fund Allocations

Fund Allocations

This fund has an allocation of 97.81% in Equity, 0% in Debt and 2.19% in Cash related instruments
AUM size ₹3461 Cr

AUM size ₹3461 Cr

This fund has AUM of ₹3461 Cr which is less than its category average of ₹ 9421 Cr
Expense Ratio 0.48%

Expense Ratio 0.48%

This fund has an expense ratio of 0.48% which is less than its category average expense ratio of 1.37%

Frequently Asked Questions for Mahindra Manulife Mid Cap Fund Direct Growth

The current NAV of Mahindra Manulife Mid Cap Fund Direct Growth is ₹38.68 as on 06-Dec-2024.
Existing (Absolute + CAGR) as on 06-Dec-2024.
Mahindra Manulife Mid Cap Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
3.44%
3.44%
6 Month Returns
16.15%
16.15%
1 Year Returns
40.92%
40.92%
3 Years Returns
110.29%
28.12%
5 Years Returns
284.16%
30.89%
With INDmoney, the process of investing is very simple and involves zero commission.
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0.48% as on November 2024
₹3461 Cr as on November 2024
Persistent Systems Ltd(3.57%), State Bank of India(3.14%), Max Healthcare Institute Ltd Ordinary Shares(3.05%), LTIMindtree Ltd(2.56%), Indian Bank(2.48%) as on November 2024
Financial Services(22.21%), Consumer Cyclical(15.05%), Industrial(14.24%) as on November 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
7.26
3.77
4.54
As on November 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
0.99
0.96
0.84
As on November 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
2.06
1.31
1.23
As on November 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
14.02
15.34
18.92
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 2.51 as on November 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 1.41 as on November 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Krishna Sanghavi, Manish Lodha are the fund managers of Mahindra Manulife Mid Cap Fund Direct Growth
The Exit load of Mahindra Manulife Mid Cap Fund Direct Growth is 1%