Mahindra Manulife Small Cap Fund Direct Growth
Get the latest NAV of Mahindra Manulife Small Cap Fund Direct Growth. View historical returns compared to its benchmark and category average. Know which stocks and sectors the fund is investing in. Get an estimate of returns from the SIP and lump sum returns calculator. View detailed holding analysis and peer comparison. Get INDmoney ranking of the fund.
₹23.48
NAV as on 17 Aug 2026
26.07%/per year
Since Inception
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3820 people have invested ₹ 4.4Cr in Mahindra Manulife Small Cap Fund in the last three months
Mahindra Manulife Small Cap Fund Performance vs. Nifty Smallcap 250
Fund returns vs Benchmark returns vs Category Average returns as on (17-Aug-26)
The fund has outperformed the benchmark (Nifty Smallcap 250) over 1Y, 3Y, but underperformed over 5Y.
Peer comparison
Mahindra Manulife Small Cap Fund Returns Calculator
Calculate SIP and lumpsum returns based on historical performance
Total Investment
0
Profit
Total Corpus
0
Mahindra Manulife Small Cap Fund Asset Allocation
See fund asset allocation details as on (15-Aug-26)
Fund Distribution
as on (15-Aug-26)
Mahindra Manulife Small Cap Fund Sector Allocation
See fund sector allocation details as on (15-Aug-26)
Sector Allocation
Top 3 Sectors in July were Consumer Cyclical, Basic Materials & Financial Services
Consumer Cyclical
22%
Basic Materials
20%
Financial Services
16%
Consumer Cyclical
22%
Basic Materials
20%
Financial Services
16%
Mahindra Manulife Small Cap Fund Holdings Details
as on (31-Jul-26)
Mahindra Manulife Small Cap Fund Overview
Get key fund statistics, minimum investment details, AUM, expense ratio, exit load, and tax treatment.
| Expense ratio | 0.43% |
Benchmark | S&P BSE 250 SmallCap Index TR INR |
| AUM | ₹5087 Cr |
| Inception Date | 14 December, 2022 |
| Min Lumpsum/SIP | ₹1,000/₹500 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 98.82% |
| Risk |   Very High Risk |
About Mahindra Manulife Small Cap Fund
Mahindra Manulife Small Cap Fund Direct Growth is an equity fund. This fund was started on 14 December, 2022. The fund is managed by Krishna Sanghavi, Neelesh Dhamnaskar, Vishal Jajoo. The fund could potentially beat inflation in the long-run.
Key Parameters
- Mahindra Manulife Small Cap Fund has ₹5087 Cr worth of assets under management (AUM) as on Aug 2026 and is more than category average.
- The fund has an expense ratio 0.4.
Returns
Mahindra Manulife Small Cap Fund has given a CAGR return of 26.07% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 19.60% and 22.37% respectively.
Holdings
Mahindra Manulife Small Cap Fund has allocated its funds majorly in Cash Equivalent, Consumer Cyclical, Basic Materials, Financial Services, Health, Industrial, Tech, Energy, Utilities, Communication, Consumer Defensive, Real Estate. Its top holdings are Neuland Laboratories Ltd, Multi Commodity Exchange of India Ltd, Garware Hi-Tech Films Ltd, Jindal Saw Ltd, Oil India Ltd
Taxation
As it is a small-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 benefitDividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.
Investment objective of Mahindra Manulife Small Cap Fund
The investment objective of the Scheme is to generate long term capital appreciation by investing in a diversified portfolio of equity & equity related securities of small 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 Small Cap Fund has no lock in period.
Fund Manager
Krishna Sanghavi
Fund Manager of Mahindra Manulife Small Cap Fund, since 24 October 2024
Neelesh Dhamnaskar
Fund Manager of Mahindra Manulife Small Cap Fund, since 16 February 2026
Vishal Jajoo
Fund Manager of Mahindra Manulife Small Cap Fund, since 23 December 2024
- AUM of the fund stands at 5.1K Cr as of Jul'26
- AUM increased by 156.2 Cr between Jul'26 and Jun'26
Compare Mahindra Manulife Small Cap Fund
Mahindra Manulife Small Cap Fund
VS
Nippon India Small Cap Fund
Frequently Asked Questions for Mahindra Manulife Small Cap Fund Direct Growth
How do I invest in Mahindra Manulife Small Cap Fund?
- Download the INDmoney app.
- Search for ‘Mahindra Manulife Small Cap Fund’.
- Select whether you want to invest in SIP or lump sum.
- Enter the amount you wish to invest.
- Set up payments via bank mandate or UPI.