Mahindra Manulife Large & Mid Cap Fund

Mahindra Manulife Large & Mid Cap Fund

Equity

Mahindra Mutual Fund

Large & Mid-Cap

Get the latest NAV of Mahindra Manulife Large & Mid Cap Fund. 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.

₹30.24

▲0.3%1D

NAV as on 19 Jun 2026

18.65%/per year

Since Inception

Absolute Gain%

▲▼

335 people have invested ₹ 66.6L in Mahindra Manulife Large & Mid Cap Fund in the last three months

Mahindra Manulife Large & Mid Cap Fund Performance vs. NIFTY 500

Fund returns vs Benchmark returns vs Category Average returns as on (19-Jun-26)

The fund has consistently outperformed the benchmark (NIFTY 500) over the last 1Y, 3Y, 5Y time periods.

Period
1M
3M
6M
1Y
3Y
5Y
This Fund
2.98%
10.33%
0.57%
4.02%
15.28%
15.25%
NIFTY 500
2.51%
8.52%
-2.25%
0.45%
12.63%
11.57%
Large & Mid-Cap Avg
3.69%
11.05%
0.49%
5.04%
16.41%
14.91%
Best in Large & Mid-Cap
6.05%
17.32%
10.62%
12.88%
24.86%
21.4%
Worst in Large & Mid-Cap
0.69%
4.78%
-3.93%
-4.87%
9.66%
10.13%

Mahindra Manulife Large & Mid Cap Fund Ranking and Peer Comparison

Ranked based on performance, risk management and cost efficiency

18
/26
43% Performance
54% Risk Management
100% Cost

Ranked 18 out of 26 mutual funds in the large & mid-cap category as per INDmoney.

Fund Name
INDmoney Rank
AUM (in Crs.)
Expense Ratio
1Y Returns
3Y Returns
3Y Alpha
3Y Beta
3Y Sharpe
3Y Sortino
3Y Info Ratio
Mahindra Manulife Large & Mid Cap Fund
18/26
2,717Cr
0.44%
4.02%
15.28%
-0.13
0.94
0.62
0.94
-0.19
Bandhan Large & Mid Cap Fund
1/26
17,461Cr
0.44%
8.45%
22.42%
5.64
0.98
1.00
1.63
2.07
ICICI Prudential Large & Mid Cap Fund
2/26
30,147Cr
0.65%
4.2%
18.91%
3.13
0.86
0.85
1.29
0.45
Invesco India Large&MidCap Fund
3/26
10,153Cr
0.54%
11.64%
24.91%
5.44
1.06
0.92
1.44
1.10
See all
Positive: Beats FD returns for both 3Y & 5Y
Beats FD returns for both 3Y & 5Y
Negative: 3Y returns in the bottom 25% of the category
3Y returns in the bottom 25% of the category

Mahindra Manulife Large & Mid Cap Fund Returns Calculator

Calculate SIP and lumpsum returns based on historical performance

  • 1-time

  • SIP

Total Investment

0

Profit

Total Corpus

0

Absolute Return
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Mahindra Manulife Large & Mid Cap Fund Asset Allocation

See fund asset allocation details as on (14-Jun-26)

Fund Distribution

as on (14-Jun-26)

Large cap
45.4%
Mid cap
40.5%
Small cap
9.6%
Mid Cap allocation has gone down from 40.7% to 40.5%
Mid Cap allocation has gone down from 40.7% to 40.5%
Large Cap allocation has gone down from 46.6% to 45.4%
Large Cap allocation has gone down from 46.6% to 45.4%
Small Cap allocation has gone up from 8.8% to 9.6%
Small Cap allocation has gone up from 8.8% to 9.6%
Cash allocation has gone up from 3.9% to 4.5%
Cash allocation has gone up from 3.9% to 4.5%

Mahindra Manulife Large & Mid Cap Fund Sector Allocation

See fund sector allocation details as on (14-Jun-26)

Sector Allocation

Financial Services
28.9%
Health
18.2%
Industrial
14.1%
Tech
11.3%
Basic Materials
6.6%
Consumer Cyclical
6.4%
Communication
5.2%
Energy
3.4%
Real Estate
2.3%
Consumer Defensive
1.9%
Utilities
1.8%

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

May'26

Financial Services

33%

Industrial

14%

Health

14%

Apr'26

Financial Services

34%

Industrial

13%

Consumer Cyclical

12%

Mahindra Manulife Large & Mid Cap Fund Holdings Details

as on (31-May-26)

Holdings
Weight%
1M Change
ICICI Bank Ltd
3.76%
7.1%
HDFC Bank Ltd
3.09%
6.6%
IndusInd Bank Ltd
2.62%
0%
Axis Bank Ltd
2.6%
25%
The Federal Bank Ltd
2.54%
0%
See all
Top Stocks bought last month
Axis Bank Ltd's allocation increased from 2.08% to 2.6%
Axis Bank Ltd's allocation increased from 2.08% to 2.6%
Bharat Heavy Electricals Ltd's allocation increased from 1.97% to 2.3%
Bharat Heavy Electricals Ltd's allocation increased from 1.97% to 2.3%
Senores Pharmaceuticals Ltd's allocation increased from 1.81% to 2.08%
Senores Pharmaceuticals Ltd's allocation increased from 1.81% to 2.08%
Top Stocks sold last month
IndusInd Bank Ltd's allocation decreased from 2.65 % to 2.62 %
IndusInd Bank Ltd's allocation decreased from 2.65 % to 2.62 %
The Federal Bank Ltd's allocation decreased from 2.55 % to 2.54 %
The Federal Bank Ltd's allocation decreased from 2.55 % to 2.54 %
Reliance Industries Ltd's allocation decreased from 2.74 % to 2.5 %
Reliance Industries Ltd's allocation decreased from 2.74 % to 2.5 %

Mahindra Manulife Large & Mid Cap Fund Overview

Get key fund statistics, minimum investment details, AUM, expense ratio, exit load, and tax treatment.

Expense ratio0.44%
Benchmark
Nifty LargeMidcap 250 TR INR
AUM₹2717 Cr
Inception Date1 January, 2020
Min Lumpsum/SIP₹1,000/₹500
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
141.42%
Risk
Risk meter
pointer
Very High Risk

About Mahindra Manulife Large & Mid Cap Fund

Mahindra Manulife Large & Mid Cap Fund is an equity fund. This fund was started on 1 January, 2020. The fund is managed by Neelesh Dhamnaskar, Kirti Dalvi. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Mahindra Manulife Large & Mid Cap Fund has ₹2717 Cr worth of assets under management (AUM) as on Jun 2026 and is more than category average.
  2. The fund has an expense ratio 0.4.

Returns

Mahindra Manulife Large & Mid Cap Fund has given a CAGR return of 18.65% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 4.02%, 15.28% and 15.25% respectively.

Holdings

Mahindra Manulife Large & Mid Cap Fund has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Health, Consumer Cyclical, Basic Materials, Tech, Energy, Communication, Consumer Defensive, Utilities, Real Estate. Its top holdings are ICICI Bank Ltd, HDFC Bank Ltd, IndusInd Bank Ltd, Axis Bank Ltd, The Federal Bank Ltd

Taxation

As it is a large & 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.

Investment objective of Mahindra Manulife Large & Mid Cap Fund

The investment objective of the Scheme is to seek long term capital growth through investments in equity and equity related securities of both large cap and mid cap stocks. 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 Large & Mid Cap Fund has no lock in period.

Fund Manager

Neelesh Dhamnaskar

Fund Manager of Mahindra Manulife Large & Mid Cap Fund, since 16 February 2026

Kirti Dalvi

Fund Manager of Mahindra Manulife Large & Mid Cap Fund, since 2 December 2025

Learn more about Mahindra Mutual Fund
Parameters
May'26
Apr'26
Mar'26
AUM
₹ 2.7K Cr
₹ 2.7K Cr
₹ 2.5K Cr
  • AUM of the fund stands at 2.7K Cr as of May'26
  • AUM increased by 29.1 Cr between May'26 and Apr'26

Compare Mahindra Manulife Large & Mid Cap Fund

Mahindra Manulife Large & Mid Cap Fund

VS

Mirae Asset Large & Midcap Fund

Frequently Asked Questions for Mahindra Manulife Large & Mid Cap Fund

How do I invest in Mahindra Manulife Large & Mid Cap Fund?

INDmoney makes it simple to invest in the Mahindra Manulife Large & Mid Cap Fund. To do so, follow the steps below:
  • Download the INDmoney app.
  • Search for ‘Mahindra Manulife Large & Mid 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.

What is the current NAV of Mahindra Manulife Large & Mid Cap Fund?

The NAV of the fund today is ₹30.24. NAV or Net Asset Value is the per unit price of a mutual fund. For example, if the NAV of a fund is ₹10, it means you can get 1000 units of that mutual fund at ₹10,000.

What is the return on the fund?

Mahindra Manulife Large & Mid Cap Fund fund has generated a return of 4.02% in 1 year, 15.28% in 3 years, 15.25% in 5 years.

Who is the fund manager of Mahindra Manulife Large & Mid Cap Fund?

The fund managers are Neelesh Dhamnaskar, Kirti Dalvi.

What is the exit load of the fund?

The exit load is 1% if redeemed in 0-3 Months. Exit load is a fee levied for ‘exiting’ the fund earlier than a stipulated period, usually 1 year.

What is the expense ratio of the fund?

The expense ratio is 0.44%. The Expense Ratio is a fee charged for managing the fund. This includes commissions, administrative costs etc.

What is the AUM of the fund?

The AUM of the fund is ₹2717 Cr. AUM stands for Assets Under Management. It refers to the total assets managed by the fund.

What are the top holdings of Mahindra Manulife Large & Mid Cap Fund?

The top 3 holdings of the fund are ICICI Bank Ltd(3.76%), HDFC Bank Ltd(3.09%), IndusInd Bank Ltd(2.62%)