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.

1. Mahindra Manulife Mid Cap Fund Direct Growth has ₹3776 Cr worth of assets under management (AUM) as on May 2025 and is more than category average.
2. The fund has an expense ratio 0.5.
   

Mahindra Manulife Mid Cap Fund Direct Growth has given a CAGR return of 19.23% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 2.14%, 32.60% and 31.63% respectively.

Mahindra Manulife Mid Cap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Health, Basic Materials, Consumer Defensive, Energy, Tech, Communication, Utilities. Its top holdings are Max Healthcare Institute Ltd Ordinary Shares, Indian Bank, Tube Investments of India Ltd Ordinary Shares, APL Apollo Tubes Ltd, Bharti Hexacom Ltd

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 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

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.