Equity
Direct
Mid-Cap
NAV as on 06-12-2024
₹ 38.68
▲0.3%
1D
Inception Returns
21.7%
/yr
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.
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.
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
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 benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
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 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.
Expense ratio | 0.48% |
Benchmark | S&P BSE Midcap TR INR |
AUM | ₹3461 Cr |
Inception Date | 23 January, 2018 |
Min Lumpsum/SIP | ₹1000/₹500 |
Exit Load | 1.0% |
Lock In | No Lock-in |
TurnOver | 98.77% |
STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
Risk | Very High Risk |
as on (06-Dec-24)
as on (31-Oct-24)
Top 3 Sectors in October were Financial Services, Consumer Cyclical & Industrial
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% |
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Mahindra Manulife Mid Cap Fund Direct Growth | 7.26 | 3.77 | 4.54 |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Mahindra Manulife Mid Cap Fund Direct Growth | 0.99 | 0.96 | 0.84 |
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 |
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 |