Mahindra Manulife Mid Cap Fund
The scheme seeks 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.
Growthvine rating: 4/5 — ranked #4 of 34 in category.
Fund basics
| Category | Equity: Mid Cap |
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| NAV | ₹31.89 (as of 2026-10-23) |
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| AUM | ₹5,058 Cr |
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| Expense ratio | 1.60% |
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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 | 14.57% |
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| Sharpe ratio | 0.51 |
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| Standard deviation | 18.04% |
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| Max drawdown | −33.21% |
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| Alpha | 1.74 |
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| Beta | 0.97 |
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Over 5 years, captured 96.4% of NIFTY Midcap 150's upside and 95.5% of its downside.
Market cap allocation
| Large cap | 6.3% |
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| Mid cap | 76.2% |
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| Small cap | 17.5% |
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Concentration
| Top 5 holdings | 14.7% |
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| Top 10 holdings | 25.1% |
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| Total holdings | 63 |
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| Index overlap | 29.6% |
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| Active share | 70.4% |
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Top holdings
- Federal Bank Ltd. — 3.4%
- IndusInd Bank Ltd. — 3.2%
- Aditya Birla Capital Ltd — 2.8%
- COFORGE LIMITED — 2.7%
- Glenmark Pharmaceuticals ltd — 2.6%
- Triparty Repo — 2.5%
- IDFC FIRST BANK LIMITED — 2.2%
- KEI Industries Ltd. — 2.1%
- Bank of maharashtra — 2.1%
- NIPPON LIFE INDIA ASSET MANAGEMENT LIMITED — 2.0%
Top sectors
- Banking & Financial — 17.1%
- Industrial Products — 12.5%
- Automobile — 9.4%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | −5.7% | Q3 | #20 of 31 |
| 2025 | 1.2% | Q3 | #18 of 29 |
| 2024 | 29.3% | Q2 | #13 of 29 |
| 2023 | 47.0% | Q1 (Top) | #2 of 28 |
| 2022 | 0.2% | Q3 | #16 of 22 |