Mahindra Manulife Multi Cap Fund
The scheme seeks to provide medium to long term capital appreciation through appropriate diversification and taking low risk on business quality.
Growthvine rating: 5/5 — ranked #3 of 34 in category.
Fund basics
| Category | Equity: Multi Cap |
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| NAV | ₹39.91 (as of 2026-08-21) |
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| AUM | ₹6,926 Cr |
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| Expense ratio | 1.54% |
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| Riskometer | Very High |
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| Fund manager | Neelesh Dhamnaskar |
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| Exit load | 1% for redemption within 3 months |
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Performance & risk
| 5-year annualised return | 15.44% |
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| Sharpe ratio | 0.68 |
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| Standard deviation | 16.40% |
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| Max drawdown | -34.53% |
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| Alpha | 3.99 |
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| Beta | 0.96 |
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Over 5 years, captured 102.9% of NIFTY500 Multicap 50:25:25's upside and 96.6% of its downside.
Market cap allocation
| Large cap | 41.9% |
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| Mid cap | 31.1% |
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| Small cap | 27.0% |
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Concentration
| Top 5 holdings | 18.2% |
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| Top 10 holdings | 29.1% |
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| Total holdings | 71 |
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| Index overlap | 23.4% |
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| Active share | 76.6% |
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Top holdings
- Triparty Repo — 8.6%
- Multi Commodity Exchange of India Ltd — 3.8%
- ICICI Bank Ltd. — 3.7%
- Adani Enterprises Ltd. — 3.6%
- Divis Laboratories Ltd. — 3.6%
- Neuland Laboratories Limited. — 3.5%
- Larsen & Toubro Limited — 2.3%
- APL Apollo Tubes Limited — 2.3%
- UltraTech Cement Ltd — 2.1%
- Torrent Pharmaceuticals Ltd. — 2.1%
Top sectors
- Banking & Financial — 15.9%
- Pharma & Biotech — 12.9%
- Industrial Products — 8.6%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | 10.8% | Q1 (Top) | #5 of 34 |
| 2025 | 3.4% | Q2 | #14 of 31 |
| 2024 | 23.4% | Q2 | #12 of 24 |
| 2023 | 34.2% | Q2 | #7 of 17 |
| 2022 | 1.6% | Q3 | #8 of 13 |