April 25, 2023
mayank
Mahindra Manulife Mid Cap Fund
NAV Growth: Rs 19.3009
NAV IDCW: Rs 16.6731
Suitable For Which Investors?
When you invest for seven years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options.
This is a fund that invests in medium-sized companies. Compared to those that invest in larger companies, such funds tend to fall more when stock prices fall. So while you can expect higher returns in the long term, there will be more severe ups and downs along the way.
Like for all equity funds, you must invest only through the SIP route.
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) Abhinav Khandelwal
Education: Mr. Khandelwal is Chartered Accountant
Experience: Prior to joining Canara Robeco Mutual Fund he has worked with Aegon life Insurance Company as Fund Manager, Asian Market Securities as Equity Analyst and Systematix Shares & Stocks as Equity Analyst.
2) Manish Lodha
Education: Mr. Lodha is a Chartered Accountant and Company Secretary
Experience: Prior to joining MMIMPL, he was associated with Canara HSBC OBC Life Insurance Co Ltd, Kotak Mahindra Mutual Fund. In these roles, he was responsible for Portfolio Management, Equity Research. He has also held various positions in Finance function during his association with BOC India Ltd (Now Linde India 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 365 days |
Basic Details
| Fund House | Mahindra Manulife Mutual Fund |
| Launch Date | 30-Jan-18 |
| Return Since Launch | 14.92% |
| Benchmark | NIFTY Midcap 150 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 1,077 Cr |
| (As on 31-Mar-2023) | |
| Expense | 0.65% |
| (As on 31-Mar-2023) | |
| Risk Grade | Average |
| Return Grade | Average |
| Turnover | 116.00% |
Mahindra Manulife Mid Cap Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Mahindra Mnulife Mid Cap Dir | 0.81 | 0.48 | 3.93 | 1.34 | 1.82 | 2.27 | 31.59 | 13.84 | — | — |
| S&P BSE 150 MidCap TRI | -1.47 | 0.32 | 5.06 | -0.29 | 0.72 | 3.36 | 34.82 | 11.39 | — | — |
| Equity: Mid Cap | -1.23 | 0.30 | 4.62 | 0.20 | -0.29 | 3.54 | 32.56 | 11.87 | — | — |
| Rank within category | 3 | 8 | 32 | 11 | 3 | 20 | 15 | 7 | — | — |
| Number of funds in category | 38 | 39 | 38 | 38 | 34 | 31 | 25 | 21 | 19 | 17 |
Mahindra Manulife Mid Cap Fund Peer Comparison
| 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 Mnulife Mid Cap Dir | 3 star | 2.27 | 31.59 | 13.84 | 0.65 | 1,077 | 14.92 | 1.00 (365) | 5yrs 2mo | 116.00 |
| Kotak Emrgng Eqt Dir | 4 star | 5.67 | 35.44 | 14.42 | 0.45 | 23,963 | 19.16 | 1.00 (365) | 10yrs 3mo | 2.88 |
| Axis Midcap Dir | 4 star | 0.21 | 25.87 | 14.69 | 0.57 | 18,749 | 17.83 | 1.00 (365) | 10yrs 3mo | 23.00 |
| Nippon Ind Growth Dir | 4 star | 6.17 | 34.86 | 14.12 | 0.70 | 13,420 | 15.84 | 1.00 (30) | 10yrs 3mo | 59.00 |
| Mirae Asset Midcap Dir | 4 star | 1.47 | 35.57 | — | 0.70 | 8,852 | 23.52 | 1.00 (365) | 3yrs 9mo | 34.00 |
Portfolio Analysis
| No. of Stocks | 59 |
| Top 10 Stocks | 26.47% |
| Top 5 Stocks | 14.24% |
| Top 3 Sectors | 38.37% |
| Portfolio P/B Ratio | 2.46 |
| Portfolio P/E Ratio | 17.50 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 23,989 | 31,507 |
| Giant (%) | 2.20 | 5.68 |
| Large (%) | 10.61 | 17.97 |
| Mid (%) | 71.97 | 74.02 |
| Small (%) | 15.22 | 7.21 |
| Tiny (%) | — | 0.71 |
Chanakya’s Mutual Fund Guidance For Mahindra Manulife Mid Cap Fund
Do not invest in this, or any other mid-cap fund, if you need to redeem your investment in less than seven years.
Apply Online: https://www.mahindramanulife.com/
>> Post your MF questions @ sahifund.com/ask-me/
>> Stock Research Reports:
https://www.analysislibrary.com/
>> NFO Guidance:
https://sahifund.com/category/nfos/
>> Chanakya’s Mutual Fund Guidance on YouTube
https://www.youtube.com/c/ChanakyaNiPothi
>> Join Chanakya MF’s Telegram Channel @
https://t.me/chanakyaMFGuidance
>> For Higher studies, Interview skills, Competitive Exam books
http://www.gyanpothi.com/search-institutes/
>> Get Good Staff or Job, Click: Staffavailable.com
>> To apply for Government & PSU jobs, click
https://www.staffavailable.com/government-psu-jobs/
>> Go to IPOs Analysis Section, Click
>> Interested in Used Automobiles or vintage cars? Click: BigGaddi.com
>> Interested in Crossword Puzzles? Click: magajmari.com