Mahindra Manulife Small Cap Fund Direct Growth

Mahindra Manulife Small Cap Fund Direct Growth is an equity fund. This fund was started on 14 December, 2022. The fund is managed by Manish Lodha, Krishna Sanghavi. The fund could potentially beat inflation in the long-run.

1. Mahindra Manulife Small Cap Fund Direct Growth has ₹3841 Cr worth of assets under management (AUM) as on Jun 2025 and is more than category average.
2. The fund has an expense ratio 0.4.
   

Mahindra Manulife Small Cap Fund Direct Growth has given a CAGR return of 31.98% since inception. Over the last 1 year the fund has given a CAGR return of 2.97%.

Mahindra Manulife Small Cap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Consumer Cyclical, Financial Services, Basic Materials, Industrial, Consumer Defensive, Tech, Health, Utilities, Communication, Real Estate. Its top holdings are APL Apollo Tubes Ltd, Bajaj Auto Ltd, Aditya Birla Real Estate Ltd, eClerx Services Ltd, Firstsource Solutions Ltd

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 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 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 for lump sum payment is INR 1000.00 and for SIP is INR 500.00. Mahindra Manulife Small Cap Fund Direct Growth has no lock in period.