Mahindra Manulife Mid Cap Fund Direct Growth
Equity
Direct
Mid-Cap
NAV: ₹ 31.73 as on 22-04-2024
Fund Performance
2777 people have invested ₹ 2.5Cr in Mahindra Manulife Mid Cap Fund Direct Growth in the last three months
Mutual Fund Insights
In the last 3 years, Motilal Oswal Midcap Direct Growth has given 38.56% return, outperforming this fund by 7.43% per annum.
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 1.17%.
In the last 1 year, Quant Mid Cap Fund Growth Option Direct Plan has given 70.59% return, outperforming this fund by 5.4%.
Over the last 6 months, this fund has experienced a 40.3% growth in AUM moving from 1.56K Cr to 2.20K Cr.
In the last 5 years, Quant Mid Cap Fund Growth Option Direct Plan has given 33.51% return, outperforming this fund by 6.47% per annum.
INDmoney Rank of Mahindra Manulife Mid Cap Fund Direct Growth
Powered by IND quant engine
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.
About the 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 Manish Lodha. The fund could potentially beat inflation in the long-run.
Key Parameters
- Mahindra Manulife Mid Cap Fund Direct Growth has ₹2202 Cr worth of assets under management (AUM) as on Mar 2024 and is less than category average.
- The fund has an expense ratio 0.5.
Mahindra Manulife Mid Cap Fund Direct Growth Overview
 | 0.48% |
 Benchmark | S&P BSE Midcap TR INR |
 | ₹2202 Cr |
 | 23 January, 2018 |
 | ₹1000/₹500 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 116% |
Mahindra Manulife Mid Cap Fund Direct Growth Distribution as on (31-Mar-24)
Size breakup
Mid cap
69.9%
Small cap
14.3%
Large cap
9%
Sector Allocation
Financial Services
23.2%
Industrial
18.9%
Basic Materials
13.9%
Consumer Cyclical
12.3%
Health
11.7%
Energy
5.8%
Tech
5.8%
Utilities
3.4%
Communication
3.3%
Real Estate
1%
Consumer Defensive
0.8%
Top Holdings of Mahindra Manulife Mid Cap Fund Direct Growth as on (31-Mar-24)
Equity Holdings65
Mahindra Manulife Mid Cap Fund Direct Growth: Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at 0.55% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at -1.16% as on Mar'24
- This fund outperformed Nifty Midcap 150 by 1.71% in Mar'24
AUM Change
- AUM of the fund stands at 2.2K Cr as of Mar'24
- AUM increased by 49 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Gainers & Losers in Mahindra Manulife Mid Cap Fund Direct Growth portfolio Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 Indus Towers Ltd | 38.8% |
 Solar Industries India Ltd | 16.1% |
 CG Power & Industrial Solutions Ltd | 7.1% |
Peer Analysis
Mahindra Manulife Mid Cap Fund Direct Growth Fund Manager
Manish Lodha
Fund Manager of Mahindra Manulife Mid Cap Fund Direct Growth, since 21 December 2020
Top funds managed
Mahindra Manulife Mid Cap Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 20.31% since inception which is more than its category average return of 18.75%
Fund Allocations
This fund has an allocation of 93.22% in Equity, 0% in Debt and 6.78% in Cash related instruments
AUM size ₹2202 Cr
This fund has AUM of ₹2202 Cr which is less than its category average of ₹ 7349 Cr
Expense Ratio 0.48%
This fund has an expense ratio of 0.48% which is less than its category average expense ratio of 1.4%
Frequently Asked Questions
The current NAV of Mahindra Manulife Mid Cap Fund Direct Growth is ₹31.73 as on 22-Apr-2024.
Existing (Absolute + CAGR) as on 22-Apr-2024.
Mahindra Manulife Mid Cap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 5.82% | 5.82% |
6 Month Returns | 26.75% | 26.75% |
1 Year Returns | 65.18% | 65.18% |
3 Years Returns | 125.45% | 31.12% |
5 Years Returns | 230.89% | 27.04% |
With INDmoney, the process of investing is very simple and involves zero commission.
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- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
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0.48% as on March 2024
₹2202 Cr as on March 2024
Indian Bank(3.07%), Indus Towers Ltd Ordinary Shares(3.04%), Union Bank of India(2.87%), REC Ltd(2.78%), Max Healthcare Institute Ltd Ordinary Shares(2.57%) as on March 2024
Financial Services(21.64%), Industrial(17.62%), Basic Materials(12.97%) as on March 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 | 7.3 | 2.51 | 4.74 |
As on March 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 | 0.89 | 0.97 | 0.82 |
As on March 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 | 3.73 | 1.45 | 1.06 |
As on March 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 | 11.54 | 14.81 | 18.86 |
As on March 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 2.87 as on March 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.59 as on March 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%