January 27, 2026
RA Jainee
Mahindra Manulife Mid Cap Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 36.97 |
| NAV Bonus (Rs.) | — |
| NAV IDCW (Rs.) | 29.53 |
| Min. Investment (Rs.) | 1,000 |
| Min. SIP Investment (Rs.) | 500 |
| Min. No of Cheques | 6 |
| Benchmark | NIFTY Midcap 150 TRI |
| AUM Rs. | 4,295 Cr |
| (As on 31-Dec-2025) | |
| Expense | 0.45% |
| 1 Year Return (%) | 4.44 |
| 3 Year Return (%) | 24.45 |
| 5 Year Return (%) | 23.88 |
| 10 Year Return (%) | — |
| Return Since Launch | 63.00% |
⚖️ Sahifund Review – Mahindra Manulife Mid Cap Fund ✔
PLUS: Stability, track record, cost efficiency
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MINUS: Large AUM, large-cap bias, momentum lag
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Sahifund View (Decisive Line):
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| NFO Guidance |
What lies ahead? Below we decode returns consistency, portfolio concentration, peer positioning and risk profile in detail.
Suitable For Which Investors?
Mid-cap funds are suitable for investors:
1. Seeking exposure in mid-cap stocks for high returns
2. Aiming for long-term wealth creation
3. With a 7+ year investment horizon
4. Who can withstand interim sharp declines in investment value
Note:
• Invest only through SIP.
Fund’s Investment Strategy:
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.
Fund Manager:
1) 1) Kirti Dalvi
Education: MMS (Finance), CFA level 2
Experience: Prior to Joining the Mahindra Manulife AMC he has worked with ENAM AMC, Angel Broking Ltd.
2) Krishna Sanghavi
Education: Mr. Sanghvi is a B.Com (H), CWA from ICWAI, Master of Management Studies (Finance) from NMIMS, Mumbai and CFA from ICFAI.
Experience: Prior to joining Mahindra Manulife Investment Management Pvt. Ltd., he has worked with Canara Robeco AMC, Kotak Mahindra AMC Ltd. and Kotak Life Insurance, Aviva Life Insurance Company Ltd..
Investment Details
| Min. Investment (Rs) | 1,000 |
| Min. Addl Investment (RS) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 6 |
| Min. Balance (RS) | 1 |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 3 months |
Basic Details of Mahindra Manulife Mid Cap Fund
| Fund House | Mahindra Manulife Mutual Fund |
| Launch Date | 30-Jan-18 |
| Return Since Launch | 17.79% |
| Benchmark | NIFTY Midcap 150 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets (Rs.) | 4,295 Cr |
| (As on 31-Dec-2025) | |
| Expense | 0.45% |
| (As on 31-Dec-2025) | |
| Risk Grade | Average |
| Return Grade | Above Average |
| Turnover | 63.00% |
Trailing Returns (%) of Mahindra Manulife Mid Cap Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Mahindra Manulife Mid Cap Dir | -3.97 | -1.52 | -3.71 | -3.04 | -2.84 | 4.44 | 24.45 | 23.88 | 21.84 | — |
| BSE 150 MidCap TRI | -5.91 | -1.72 | -6.07 | -5.27 | -4.77 | 3.69 | 21.09 | 21.12 | 19.93 | — |
| Equity: Mid Cap | -5.59 | -1.64 | -6.08 | -5.25 | -5.01 | 3.71 | 20.86 | 20.53 | 19.61 | — |
| Rank within category | 2 | 18 | 2 | 8 | 13 | 29 | 6 | 4 | 4 | — |
| Number of funds in category | 57 | 57 | 57 | 54 | 52 | 48 | 40 | 25 | 22 | 19 |
Peer Comparison of Mahindra Manulife Mid Cap Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| Mahindra Manulife Mid Cap Dir | 4 star | 4.44 | 24.45 | 23.88 | 0.45 | 4,295 | 17.79 | 1.00 (90) | 7Y 11M | 63.00 |
| HDFC Mid Cap Dir | 5 star | 9.97 | 24.97 | 24.78 | 0.71 | 92,642 | 20.60 | 1.00 (365) | 13Y | 10.86 |
| Kotak Midcap Dir | 4 star | 3.64 | 20.77 | 21.57 | 0.37 | 60,637 | 19.84 | 1.00 (365) | 13Y | 23.67 |
| Nippon India Growth Mid Cap Dir | 4 star | 6.55 | 24.18 | 23.45 | 0.74 | 42,124 | 18.07 | 1.00 (30) | 13Y | 4.00 |
| Motilal Oswal Midcap Dir | 5 star | -6.50 | 23.19 | 26.28 | 0.74 | 36,880 | 21.83 | 1.00 (365) | 11Y 11M | 120.00 |
Portfolio Analysis of Mahindra Manulife Mid Cap Fund
| No. of Stocks | 63 |
| Top 10 Stocks | 25.61% |
| Top 5 Stocks | 13.76% |
| Top 3 Sectors | 59.37% |
| Portfolio P/B Ratio | 3.35 |
| Portfolio P/E Ratio | 29.13 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 54,415 | 64,434 |
| Giant (%) | — | — |
| Large (%) | 7.33 | 11.63 |
| Mid (%) | 76.81 | 77.04 |
| Small (%) | 15.86 | 12.35 |
| Tiny (%) | — | — |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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