Mahindra Manulife Mid Cap Fund

Mahindra Manulife Mid Cap Fund

Equity

Mahindra Mutual Fund

Mid-Cap

Get the latest NAV of Mahindra Manulife 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.

₹40.71

▼-1%1D

NAV as on 29 May 2026

18.32%/per year

Since Inception

Absolute Gain%

▲▼

4930 people have invested ₹ 3.4Cr in Mahindra Manulife Mid Cap Fund in the last three months

Mahindra Manulife Mid Cap Fund Performance vs. Nifty Midcap 150

Fund returns vs Benchmark returns vs Category Average returns as on (29-May-26)

The fund has consistently outperformed the benchmark (Nifty Midcap 150) over the last 1Y, 3Y, 5Y time periods.

Period
1M
3M
6M
1Y
3Y
5Y
This Fund
1.55%
4.63%
5.62%
11.05%
25.53%
20.99%
Nifty Midcap 150
2.6%
3.31%
0.79%
6.84%
21.52%
18.46%
Mid-Cap Avg
1.61%
3.3%
0.49%
6.88%
21.07%
17.71%
Best in Mid-Cap
4.66%
12.41%
10.39%
20.61%
28.83%
23.41%
Worst in Mid-Cap
-0.1%
-1.18%
-10.58%
-7.22%
13.31%
12.63%
Category Rank
9/21
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Mahindra Manulife Mid Cap Fund Ranking and Peer Comparison

Ranked based on performance, risk management and cost efficiency

5
/25
79% Performance
68% Risk Management
100% Cost

Ranked 5 out of 25 mutual funds in the 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 Mid Cap Fund
5/25
4,688Cr
0.42%
11.05%
25.53%
3.04
0.94
--
--
0.88
Nippon India Growth Mid Cap Fund Mid Cap
1/25
45,820Cr
0.63%
9.3%
24.86%
3.06
0.97
--
--
0.88
ICICI Prudential MidCap Fund
2/25
7,557Cr
0.87%
18.4%
27.12%
3.60
0.98
--
--
0.87
HDFC Mid Cap Fund
3/25
94,745Cr
0.72%
6.67%
23.22%
2.98
0.85
--
--
0.25
See all
Positive: Generated Consistent Returns
Generated Consistent Returns
Positive: 5Y returns in the top 25% of the category
5Y returns in the top 25% of the category
Positive: 3Y returns in the top 25% of the category
3Y returns in the top 25% of the category
Negative: No bad points found for this fund.
No bad points found for this fund.

Mahindra Manulife 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 Mid Cap Fund Asset Allocation

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

Fund Distribution

as on (14-May-26)

Mid cap
74.2%
Small cap
16%
Large cap
6.7%
Small Cap allocation has gone up from 13.3% to 16%
Small Cap allocation has gone up from 13.3% to 16%
Mid Cap allocation has gone down from 77.4% to 74.2%
Mid Cap allocation has gone down from 77.4% to 74.2%
Large Cap allocation has gone up from 6.4% to 6.7%
Large Cap allocation has gone up from 6.4% to 6.7%
Cash allocation has gone up from 2.9% to 3.1%
Cash allocation has gone up from 2.9% to 3.1%

Mahindra Manulife Mid Cap Fund Sector Allocation

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

Sector Allocation

Financial Services
23.1%
Industrial
20.4%
Health
13.8%
Consumer Cyclical
13%
Basic Materials
8.4%
Tech
6.6%
Consumer Defensive
5.1%
Communication
3.3%
Utilities
3.1%
Real Estate
1.9%
Energy
1.4%

Top 3 Sectors in April were Financial Services, Industrial & Health

Apr'26

Financial Services

29%

Industrial

29%

Health

11%

Mar'26

Financial Services

29%

Industrial

25%

Health

13%

Mahindra Manulife Mid Cap Fund Holdings Details

as on (30-Apr-26)

Top Stocks bought last month
Radico Khaitan Ltd's allocation increased from 1.03% to 1.7%
Radico Khaitan Ltd's allocation increased from 1.03% to 1.7%
L&T Finance Ltd's allocation increased from 1.73% to 2.24%
L&T Finance Ltd's allocation increased from 1.73% to 2.24%
Bharat Heavy Electricals Ltd's allocation increased from 1.98% to 2.48%
Bharat Heavy Electricals Ltd's allocation increased from 1.98% to 2.48%
Top Stocks sold last month
The Federal Bank Ltd's allocation decreased from 3.03 % to 2.93 %
The Federal Bank Ltd's allocation decreased from 3.03 % to 2.93 %
Glenmark Pharmaceuticals Ltd's allocation decreased from 3.42 % to 2.91 %
Glenmark Pharmaceuticals Ltd's allocation decreased from 3.42 % to 2.91 %
Max Financial Services Ltd's allocation decreased from 2.45 % to 2.29 %
Max Financial Services Ltd's allocation decreased from 2.45 % to 2.29 %

Mahindra Manulife Mid Cap Fund Overview

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

Expense ratio0.42%
Benchmark
Nifty Midcap 150 TR INR
AUM₹4688 Cr
Inception Date23 January, 2018
Min Lumpsum/SIP₹1,000/₹500
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
62%
Risk
Risk meter
pointer
Very High Risk

About Mahindra Manulife Mid Cap Fund

Mahindra Manulife Mid Cap Fund is an equity fund. This fund was started on 23 January, 2018. The fund is managed by Krishna Sanghavi, Kirti Dalvi, Neelesh Dhamnaskar. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Mahindra Manulife Mid Cap Fund has ₹4688 Cr worth of assets under management (AUM) as on May 2026 and is more than category average.
  2. The fund has an expense ratio 0.4.

Returns

Mahindra Manulife Mid Cap Fund has given a CAGR return of 18.32% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 11.05%, 25.53% and 20.99% respectively.

Holdings

Mahindra Manulife Mid Cap Fund has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Health, Consumer Cyclical, Basic Materials, Consumer Defensive, Communication, Tech, Utilities, Real Estate. Its top holdings are IndusInd Bank Ltd, The Federal Bank Ltd, Glenmark Pharmaceuticals Ltd, JSW Energy Ltd, Nippon Life India Asset Management Ltd Ordinary Shares

Taxation

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.

Investment objective of Mahindra Manulife Mid Cap Fund

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.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 500.00. Mahindra Manulife Mid Cap Fund has no lock in period.

Fund Manager

Krishna Sanghavi

Fund Manager of Mahindra Manulife Mid Cap Fund, since 24 October 2024

Kirti Dalvi

Fund Manager of Mahindra Manulife Mid Cap Fund, since 3 December 2024

Neelesh Dhamnaskar

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

Learn more about Mahindra Mutual Fund
Parameters
Apr'26
Mar'26
Feb'26
AUM
₹ 4.7K Cr
₹ 4.1K Cr
₹ 4.4K Cr
  • AUM of the fund stands at 4.7K Cr as of Apr'26
  • AUM increased by 589 Cr between Apr'26 and Mar'26

Compare Mahindra Manulife Mid Cap Fund

Mahindra Manulife Mid Cap Fund

VS

HDFC Mid Cap Fund

Frequently Asked Questions for Mahindra Manulife Mid Cap Fund

How do I invest in Mahindra Manulife Mid Cap Fund?

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

The NAV of the fund today is ₹40.71. 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 Mid Cap Fund fund has generated a return of 11.05% in 1 year, 25.53% in 3 years, 20.99% in 5 years.

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

The fund managers are Krishna Sanghavi, Kirti Dalvi, Neelesh Dhamnaskar.

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 0.42%. 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 ₹4688 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 Mid Cap Fund?

The top 3 holdings of the fund are IndusInd Bank Ltd(3.1%), The Federal Bank Ltd(2.93%), Glenmark Pharmaceuticals Ltd(2.91%)