January 24, 2026
RA Jainee
Mahindra Manulife Small Cap Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 19.23 |
| NAV Bonus (Rs.) | — |
| NAV IDCW (Rs.) | 19.23 |
| Min. Investment (Rs.) | 1,000 |
| Min. SIP Investment (Rs.) | 500 |
| Min. No of Cheques | 6 |
| Benchmark | BSE 250 SmallCap TRI |
| AUM Rs. | 4,224 Cr |
| (As on 31-Dec-2025) | |
| Expense | 0.42% |
| 1 Year Return (%) | 1.22 |
| 3 Year Return (%) | 24.64 |
| 5 Year Return (%) | — |
| 10 Year Return (%) | — |
| Return Since Launch | 23.36% |
⚖️ Sahifund Review – Mahindra Manulife Small 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?
Small-cap funds are suitable for investors:
1. Seeking exposure in small-cap stocks for high returns
2. Aiming for long-term wealth creation
4. With a 7+ year investment horizon
5. 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 by investing in a diversified portfolio of equity & equity related securities of small cap companies.
Fund Manager:
1) 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..
3) Vishal Jajoo
Education: Mr. Jajoo is a Chartered Accountant, PGDM (Finance) and MBA (Investments)
Experience: Prior to joining Mahindra Manulife AMC, he has worked with ITI Mutual Fund and Tata Investment Corporation Ltd
Investment Details
| Min. Investment (Rs) | 1,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 3 months |
Basic Details of Mahindra Manulife Small Cap Fund
| Fund House | Mahindra Manulife Mutual Fund |
| Launch Date | 12-Dec-22 |
| Return Since Launch | 23.36% |
| Benchmark | BSE 250 SmallCap TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | 4,224 Cr |
| (As on 31-Dec-2025) | |
| Expense | 0.42% |
| (As on 31-Dec-2025) | |
| Risk Grade | Below Average |
| Return Grade | High |
| Turnover | 108.00% |
Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Mahindra Manulife Small Cap Dir | -5.67 | 1.25 | -5.80 | -6.66 | -6.78 | 1.22 | 24.64 | — | — | — |
| BSE 250 SmallCap TRI | -6.81 | 0.90 | -6.45 | -9.85 | -12.63 | -3.67 | 18.07 | — | — | — |
| Equity: Small Cap | -5.71 | 1.04 | -5.72 | -7.85 | -10.07 | -1.70 | 18.97 | — | — | — |
| Rank within category | 26 | 11 | 33 | 12 | 7 | 12 | 3 | — | — | — |
| Number of funds in category | 52 | 52 | 52 | 49 | 47 | 43 | 31 | 24 | 17 | 12 |
Peer Comparison of Mahindra Manulife Small 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 Small Cap Dir | 4 star | 1.22 | 24.64 | — | 0.42 | 4,224 | 23.36 | 1.00 (90) | 3Y 1M | 108.00 |
| Nippon India Small Cap Dir | 4 star | -1.72 | 20.17 | 26.23 | 0.64 | 68,287 | 23.68 | 1.00 (365) | 13Y | 14.00 |
| HDFC Small Cap Dir | 4 star | 2.86 | 19.47 | 23.77 | 0.67 | 37,753 | 18.78 | 1.00 (365) | 13Y | 9.42 |
| Quant Small Cap Dir | 4 star | -3.14 | 18.09 | 27.91 | 0.77 | 29,785 | 16.72 | 1.00 (365) | 13Y | 151.00 |
| Bandhan Small Cap Dir | 5 star | 3.75 | 29.93 | 25.47 | 0.47 | 18,990 | 30.67 | 1.00 (365) | 5Y 10M | 21.00 |
Portfolio Analysis of Mahindra Manulife Small Cap Fund
| No. of Stocks | 70 |
| Top 10 Stocks | 26.06% |
| Top 5 Stocks | 15.09% |
| Top 3 Sectors | 54.65% |
| Portfolio P/B Ratio | 3.83 |
| Portfolio P/E Ratio | 31.13 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 19,791 | 19,734 |
| Giant (%) | — | — |
| Large (%) | 3.18 | 7.31 |
| Mid (%) | 23.53 | 14.07 |
| Small (%) | 73.29 | 83.64 |
| Tiny (%) | — | — |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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