Mahindra Manulife Multi Cap Fund Direct Growth

Mahindra Manulife Multi Cap Fund Direct Growth is an equity fund. This fund was started on 11 May, 2017. The fund is managed by Fatema Pacha, Manish Lodha. The fund could potentially beat inflation in the long-run.

1. Mahindra Manulife Multi Cap Fund Direct Growth has ₹5094 Cr worth of assets under management (AUM) as on Mar 2025 and is less than category average.
2. The fund has an expense ratio 0.4.
   

Mahindra Manulife Multi Cap Fund Direct Growth has given a CAGR return of 18.54% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 11.27%, 24.10% and 31.21% respectively.

Mahindra Manulife Multi Cap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Industrial, Health, Basic Materials, Tech, Communication, Energy, Utilities, Consumer Defensive. Its top holdings are HDFC Bank Ltd, Bajaj Finance Ltd, Indus Towers Ltd Ordinary Shares, Divi's Laboratories Ltd, Reliance Industries Ltd

As it is a multi-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 provide medium to long term capital appreciation through appropriate diversification and taking low risk on business quality. The diversified portfolio would predominantly consist of equity and equity related securities including derivatives. 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 Multi Cap Fund Direct Growth has no lock in period.