Mahindra Manulife Flexi Cap Fund
The scheme seeks to generate long term capital appreciation by investing in a diversified portfolio of equity and equity-related securities across market capitalization.
Growthvine rating: 2/5 — ranked #28 of 53 in category.
Fund basics
| Category | Equity: Flexi Cap |
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| NAV | ₹15.18 (as of 2026-10-01) |
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| AUM | ₹1,578 Cr |
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| Expense ratio | 1.80% |
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| Riskometer | Very High |
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| Fund manager | Kirti Dalvi |
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| Exit load | 1% for redemption within 3 months |
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Performance & risk
| 5-year annualised return | 8.30% |
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| Sharpe ratio | 0.33 |
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| Standard deviation | 14.36% |
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| Max drawdown | −17.96% |
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| Alpha | -1.24 |
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| Beta | 0.93 |
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Over 5 years, captured 95.1% of Nifty 500's upside and 95.4% of its downside.
Market cap allocation
| Large cap | 55.8% |
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| Mid cap | 25.4% |
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| Small cap | 18.9% |
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Concentration
| Top 5 holdings | 20.8% |
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| Top 10 holdings | 30.9% |
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| Total holdings | 73 |
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| Index overlap | 38.1% |
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| Active share | 61.9% |
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Top holdings
- ICICI Bank Ltd. — 8.5%
- HDFC Bank Ltd. — 3.7%
- Triparty Repo — 3.3%
- Bajaj Finance Limited — 3.3%
- Bharti Airtel Ltd. — 3.1%
- Larsen & Toubro Limited — 2.3%
- Eternal Limited — 2.1%
- AXIS Bank Ltd. — 2.1%
- Kotak Mahindra Bank Ltd. — 2.1%
- IndusInd Bank Ltd. — 1.9%
Top sectors
- Banking & Financial — 23.4%
- Pharma & Biotech — 8.2%
- Automobile — 7.7%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | −8.6% | Q4 (Bottom) | #46 of 50 |
| 2025 | 6.8% | Q2 | #13 of 43 |
| 2024 | 14.6% | Q4 (Bottom) | #34 of 42 |
| 2023 | 30.9% | Q2 | #11 of 36 |
| 2022 | 1.4% | Q2 | #11 of 30 |