Mahindra Manulife Large & Mid Cap Fund
Large & MidCapVery HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹28.57+0.68%1 day
- Return since launch
- 16.4%
- 52-week range
- ₹23.98 — ₹28.69
- AUM
- ₹2,753 Cr
Mahindra Manulife Large & Mid Cap Fund is a Large & MidCap equity fund from Mahindra Manulife Mutual Fund with ₹2,753 Cr under management, launched in 2019. Over three years it has returned 6.4% a year, against 13.5% for its category. The expense ratio is 2.18% and the SEBI riskometer reading is Very High.
Performance
Mahindra Manulife Large & Mid Cap Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +4.0% against -1.4% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 11.2% | +8.8 pts | 2.4% | 4.3% |
| 2Y | 7.6% | +1.6 pts | 6.0% | 3.5% |
| 3Y | 6.4% | −7.0 pts | 13.5% | 5.0% |
| 5Y | 11.0% | +0.1 pts | 10.9% | 10.5% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 7.4% | +1.4 pts | 6.0% | 6.1% |
| 3M | 1.1% | +2.3 pts | -1.2% | -1.5% |
| 6M | 7.7% | +3.1 pts | 4.6% | 3.7% |
| 1Y | 3.9% | +1.5 pts | 2.4% | -1.1% |
| 2Y | 3.7% | +0.1 pts | 3.6% | 2.1% |
| 3Y | 11.7% | −1.7 pts | 13.5% | 12.1% |
| 5Y | 9.9% | −1.0 pts | 10.9% | 10.0% |
Since launch (6 Dec 2019): 16.4%
Calendar-year returns
Category average45.2%
1.9%
32.2%
16.5%
2.3%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 2.3% | −3.1 pts | 5.4% |
| 2024 | 16.5% | −8.5 pts | 25.0% |
| 2023 | 32.2% | +0.8 pts | 31.4% |
| 2022 | 1.9% | −1.1 pts | 3.0% |
| 2021 | 45.2% | +6.1 pts | 39.1% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
2.17%
Expense ratio as on 6 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.68%
- Brokerage
- 0.08%
- Transaction charges
- 0.00%
- Statutory levies
- 0.41%
- Exit load
- Exit load of 1%, if redeemed within 3 months.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- Nifty Large Midcap 250 TRI
- Short-term capital gains
- Returns taxed at 20% if you redeem before 1 year
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Very High
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | 0.83 | 6.58 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.97 | 1.07 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.34 | 0.63 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.46 | 0.83 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 15.68 | 18.21 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Mahindra Manulife Large & Mid Cap Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Equity96.2%
- Other3.8%
Market cap split
- Large46.7%
- Mid39.0%
- Small14.3%
- P/E
- 30.48
- P/B
- 3.53
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| ICICI Bank Ltd. | Financial | 4.38% | ₹121 Cr | +4.54% | +3.73% | +3.43% |
| Others | Others | 3.79% | ₹104 Cr | +0.09% | +8.94% | +0.69% |
| Eternal Ltd. | Services | 2.84% | ₹78.20 Cr | +2.24% | +1.14% | — |
| Axis Bank Ltd. | Financial | 2.81% | ₹77.24 Cr | +3.07% | +2.08% | +2.35% |
| The Federal Bank Ltd. | Financial | 2.76% | ₹75.86 Cr | +2.85% | +2.38% | — |
| HDFC Bank Ltd. | Financial | 2.71% | ₹74.61 Cr | +3.26% | +2.92% | — |
| Glenmark Pharmaceuticals Ltd. | Healthcare | 2.36% | ₹65.06 Cr | +2.22% | +3.29% | +3.31% |
| Senores Pharmaceuticals Ltd. | Healthcare | 2.16% | ₹59.53 Cr | +2.09% | +1.67% | +1.73% |
| Indusind Bank Ltd. | Financial | 2.04% | ₹56.24 Cr | +2.61% | +2.39% | +1.97% |
| Laurus Labs Ltd. | Healthcare | 2.03% | ₹55.77 Cr | +1.92% | +1.62% | +1.97% |
| Larsen & Toubro Ltd. | Construction | 1.98% | ₹54.52 Cr | +2.17% | +1.56% | — |
| Reliance Industries Ltd. | Energy | 1.94% | ₹53.30 Cr | +2.41% | +2.82% | +1.57% |
| Jindal Steel Ltd. | Metals & Mining | 1.93% | ₹53.23 Cr | +1.80% | — | — |
| Neuland Laboratories Ltd. | Healthcare | 1.92% | ₹52.72 Cr | +1.66% | +1.21% | +1.53% |
| Divi's Laboratories Ltd. | Healthcare | 1.79% | ₹49.25 Cr | +1.55% | +2.47% | +2.69% |
| Bharti Hexacom Ltd. | Communication | 1.78% | ₹49.12 Cr | +1.36% | +1.01% | +1.35% |
| Multi Commodity Exchange Of India Ltd. | Services | 1.77% | ₹48.85 Cr | +1.06% | +1.00% | — |
| Aditya Birla Capital Ltd. | Financial | 1.77% | ₹48.79 Cr | +1.50% | — | — |
| Bajaj Auto Ltd. | Automobile | 1.75% | ₹48.05 Cr | +1.59% | +1.62% | +0.33% |
| Bharat Heavy Electricals Ltd. | Capital Goods | 1.71% | ₹47.20 Cr | +2.25% | +1.50% | +1.13% |
| Bosch Ltd. | Automobile | 1.71% | ₹47.06 Cr | +1.44% | +1.17% | +1.67% |
| Oil And Natural Gas Corporation Ltd. | Energy | 1.62% | ₹44.66 Cr | +1.68% | +1.02% | — |
| Polycab India Ltd. | Capital Goods | 1.60% | ₹44.14 Cr | +1.86% | +1.05% | +2.06% |
| The Phoenix Mills Ltd. | Construction | 1.60% | ₹43.92 Cr | +1.34% | +1.17% | — |
| State Bank of India | Financial | 1.57% | ₹43.18 Cr | +1.87% | +3.07% | +2.10% |
| IDFC First Bank Ltd. | Financial | 1.51% | ₹41.53 Cr | +1.47% | +1.70% | +1.87% |
| Shriram Finance Ltd | Financial | 1.51% | ₹41.47 Cr | +1.59% | +1.18% | — |
| Solar Industries India Ltd. | Chemicals | 1.44% | ₹39.60 Cr | +1.09% | +0.79% | +0.81% |
| JSW Energy Ltd. | Capital Goods | 1.39% | ₹38.34 Cr | +1.79% | +1.63% | +0.40% |
| Coforge Ltd. | Technology | 1.37% | ₹37.78 Cr | — | — | — |
| Clean Max Enviro Energy Solutions Ltd. | Energy | 1.30% | ₹35.78 Cr | — | — | — |
| One 97 Communications Ltd. | Services | 1.29% | ₹35.51 Cr | — | — | — |
| Titan Company Ltd. | Consumer Discretionary | 1.28% | ₹35.32 Cr | +1.23% | +1.24% | — |
| Torrent Pharmaceuticals Ltd. | Healthcare | 1.27% | ₹34.88 Cr | +0.83% | +0.85% | — |
| Mahindra & Mahindra Ltd. | Automobile | 1.26% | ₹34.81 Cr | +1.62% | +1.76% | +1.15% |
| Radico Khaitan Ltd. | Consumer Staples | 1.25% | ₹34.49 Cr | +1.13% | +0.64% | — |
| GE Vernova T&D India Ltd | Capital Goods | 1.25% | ₹34.45 Cr | +1.23% | — | — |
| 360 One Wam Ltd. | Financial | 1.23% | ₹33.99 Cr | — | — | — |
| UNO Minda Ltd. | Automobile | 1.20% | ₹32.99 Cr | +1.02% | +1.09% | — |
| Bharat Electronics Ltd. | Capital Goods | 1.16% | ₹32.03 Cr | +1.38% | +1.27% | +1.18% |
| Interglobe Aviation Ltd. | Services | 1.16% | ₹32.00 Cr | +1.25% | +1.03% | +1.15% |
| Tech Mahindra Ltd. | Technology | 1.16% | ₹31.86 Cr | +1.27% | +2.20% | — |
| Apollo Hospitals Enterprise Ltd. | Healthcare | 1.16% | ₹31.85 Cr | +1.23% | +1.18% | +0.98% |
| Global Health Ltd. | Healthcare | 1.08% | ₹29.79 Cr | +0.94% | — | — |
| Bajaj Finance Ltd. | Financial | 1.08% | ₹29.74 Cr | — | — | +0.49% |
| JK Cement Ltd. | Materials | 1.08% | ₹29.70 Cr | +0.82% | — | — |
| Delhivery Ltd. | Services | 1.07% | ₹29.38 Cr | +1.22% | — | — |
| Adani Enterprises Ltd. | Services | 1.02% | ₹28.17 Cr | — | — | — |
| Persistent Systems Ltd. | Technology | 0.99% | ₹27.19 Cr | +0.93% | +1.40% | +1.13% |
| BlackBuck Ltd. | Services | 0.97% | ₹26.64 Cr | +0.84% | — | — |
| Marico Ltd. | Consumer Staples | 0.96% | ₹26.41 Cr | +0.82% | — | — |
| L&T Finance Ltd. | Financial | 0.96% | ₹26.31 Cr | +0.84% | — | — |
| Aarti Industries Ltd. | Chemicals | 0.92% | ₹25.21 Cr | +0.88% | +0.86% | +0.75% |
| Belrise Industries Ltd. | Automobile | 0.91% | ₹24.96 Cr | — | — | — |
| Vishal Mega Mart Ltd. | Services | 0.90% | ₹24.69 Cr | +1.04% | +0.95% | +1.23% |
| APL Apollo Tubes Ltd. | Metals & Mining | 0.82% | ₹22.56 Cr | +0.67% | +0.81% | — |
| Hindustan Aeronautics Ltd. | Capital Goods | 0.80% | ₹21.94 Cr | +0.55% | +0.50% | +0.63% |
| Acutaas Chemicals Ltd. | Healthcare | 0.78% | ₹21.48 Cr | — | — | — |
| Aditya Birla Sun Life AMC Ltd. | Financial | 0.78% | ₹21.40 Cr | +0.90% | +0.77% | +0.64% |
| Ultratech Cement Ltd. | Materials | 0.77% | ₹21.15 Cr | +1.42% | +3.12% | +2.53% |
| PB Fintech Ltd. | Services | 0.76% | ₹20.85 Cr | +1.16% | — | — |
| Indian Bank | Financial | 0.73% | ₹20.07 Cr | +0.93% | +1.55% | +1.50% |
| Cochin Shipyard Ltd. | Capital Goods | 0.72% | ₹19.73 Cr | — | — | — |
| Sai Life Sciences Ltd. | Healthcare | 0.69% | ₹19.06 Cr | +0.56% | — | — |
| Blue Star Ltd. | Consumer Discretionary | 0.69% | ₹18.98 Cr | +0.74% | +0.82% | +0.89% |
| Prestige Estates Projects Ltd. | Construction | 0.69% | ₹18.97 Cr | — | — | +0.46% |
| PTC Industries Ltd. | Metals & Mining | 0.67% | ₹18.42 Cr | +0.89% | +0.87% | +0.84% |
| Max Financial Services Ltd. | Financial | 0.64% | ₹17.58 Cr | +0.73% | +0.68% | — |
| IIFL Finance Ltd. | Financial | 0.54% | ₹14.87 Cr | +0.86% | +1.01% | +0.98% |
| Adani Ports and Special Economic Zone Ltd. | Services | 0.49% | ₹13.49 Cr | +0.49% | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Clean Max Enviro Energy Solutions Ltd. | 0.00% | 1.30% | +1.30% |
| Mphasis Ltd. | 0.83% | 0.00% | -0.83% |
| Indusind Bank Ltd. | 2.70% | 2.04% | -0.66% |
| PB Fintech Ltd. | 1.25% | 0.76% | -0.50% |
| IIFL Finance Ltd. | 1.03% | 0.54% | -0.49% |
| Swiggy Ltd. | 0.49% | 0.00% | -0.49% |
| Acutaas Chemicals Ltd. | 0.40% | 0.78% | +0.38% |
| Mahindra & Mahindra Ltd. | 1.64% | 1.26% | -0.37% |
| 360 One Wam Ltd. | 0.95% | 1.23% | +0.28% |
| Eternal Ltd. | 2.62% | 2.84% | +0.23% |
| Hindustan Aeronautics Ltd. | 0.57% | 0.80% | +0.22% |
| Coforge Ltd. | 1.15% | 1.37% | +0.22% |
| One 97 Communications Ltd. | 1.09% | 1.29% | +0.20% |
| Polycab India Ltd. | 1.77% | 1.60% | -0.17% |
| HDFC Bank Ltd. | 2.55% | 2.71% | +0.16% |
| The Federal Bank Ltd. | 2.91% | 2.76% | -0.15% |
| ICICI Bank Ltd. | 4.53% | 4.38% | -0.15% |
| L&T Finance Ltd. | 1.09% | 0.96% | -0.13% |
| The Phoenix Mills Ltd. | 1.47% | 1.60% | +0.12% |
| Bharti Hexacom Ltd. | 1.67% | 1.78% | +0.11% |
| Bharat Heavy Electricals Ltd. | 1.82% | 1.71% | -0.11% |
| Laurus Labs Ltd. | 2.12% | 2.03% | -0.10% |
| Shriram Finance Ltd | 1.60% | 1.51% | -0.09% |
| Bajaj Auto Ltd. | 1.83% | 1.75% | -0.08% |
| Belrise Industries Ltd. | 0.82% | 0.91% | +0.08% |
| Adani Ports and Special Economic Zone Ltd. | 0.41% | 0.49% | +0.08% |
| BlackBuck Ltd. | 0.89% | 0.97% | +0.08% |
| Adani Enterprises Ltd. | 0.95% | 1.02% | +0.08% |
| Divi's Laboratories Ltd. | 1.71% | 1.79% | +0.08% |
| Sai Life Sciences Ltd. | 0.62% | 0.69% | +0.07% |
| JK Cement Ltd. | 1.01% | 1.08% | +0.07% |
| Blue Star Ltd. | 0.62% | 0.69% | +0.06% |
| Senores Pharmaceuticals Ltd. | 2.10% | 2.16% | +0.06% |
| State Bank of India | 1.63% | 1.57% | -0.06% |
| Solar Industries India Ltd. | 1.38% | 1.44% | +0.06% |
| Titan Company Ltd. | 1.34% | 1.28% | -0.06% |
| Oil And Natural Gas Corporation Ltd. | 1.57% | 1.62% | +0.06% |
| Cochin Shipyard Ltd. | 0.77% | 0.72% | -0.06% |
| Multi Commodity Exchange Of India Ltd. | 1.72% | 1.77% | +0.06% |
| Delhivery Ltd. | 1.12% | 1.07% | -0.05% |
| Max Financial Services Ltd. | 0.69% | 0.64% | -0.05% |
| Radico Khaitan Ltd. | 1.21% | 1.25% | +0.04% |
| PTC Industries Ltd. | 0.63% | 0.67% | +0.04% |
| Bajaj Finance Ltd. | 1.12% | 1.08% | -0.04% |
| APL Apollo Tubes Ltd. | 0.78% | 0.82% | +0.04% |
| Indian Bank | 0.76% | 0.73% | -0.04% |
| Aarti Industries Ltd. | 0.95% | 0.92% | -0.03% |
| UNO Minda Ltd. | 1.23% | 1.20% | -0.03% |
| Apollo Hospitals Enterprise Ltd. | 1.18% | 1.16% | -0.03% |
| Vishal Mega Mart Ltd. | 0.92% | 0.90% | -0.03% |
| Neuland Laboratories Ltd. | 1.94% | 1.92% | -0.02% |
| Prestige Estates Projects Ltd. | 0.71% | 0.69% | -0.02% |
| Jindal Steel Ltd. | 1.91% | 1.93% | +0.02% |
| Larsen & Toubro Ltd. | 2.00% | 1.98% | -0.02% |
| Reliance Industries Ltd. | 1.96% | 1.94% | -0.02% |
| Global Health Ltd. | 1.10% | 1.08% | -0.02% |
| Aditya Birla Capital Ltd. | 1.79% | 1.77% | -0.02% |
| Marico Ltd. | 0.94% | 0.96% | +0.02% |
| JSW Energy Ltd. | 1.38% | 1.39% | +0.02% |
| Interglobe Aviation Ltd. | 1.15% | 1.16% | +0.02% |
| Ultratech Cement Ltd. | 0.75% | 0.77% | +0.01% |
| IDFC First Bank Ltd. | 1.50% | 1.51% | +0.01% |
| Torrent Pharmaceuticals Ltd. | 1.26% | 1.27% | +0.01% |
| Axis Bank Ltd. | 2.80% | 2.81% | +0.01% |
| GE Vernova T&D India Ltd | 1.24% | 1.25% | +0.01% |
| Aditya Birla Sun Life AMC Ltd. | 0.77% | 0.78% | +0.01% |
| Tech Mahindra Ltd. | 1.16% | 1.16% | 0.00% |
| Persistent Systems Ltd. | 0.98% | 0.99% | 0.00% |
| Glenmark Pharmaceuticals Ltd. | 2.36% | 2.36% | 0.00% |
| Bosch Ltd. | 1.71% | 1.71% | 0.00% |
| Bharat Electronics Ltd. | 1.17% | 1.16% | 0.00% |
| Others | 0.02% | 0.02% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹12,985 Cr | 2.05% | 11.5% | 10.6% | 16.1% |
 Bandhan Large & Mid Cap Fund | ₹20,650 Cr | 2.25% | 5.6% | 7.9% | 14.9% |
 Motilal Oswal Large and Midcap Fund | ₹19,832 Cr | 1.79% | 13.3% | 12.3% | 18.5% |
 Invesco India Large & Mid Cap Fund | ₹12,439 Cr | 1.85% | 20.3% | 14.9% | 18.9% |
 UTI Large & Mid Cap Fund | ₹6,220 Cr | 1.96% | 4.1% | 6.7% | 13.1% |
 HSBC Large and Mid Cap Fund | ₹5,784 Cr | 2.40% | 14.4% | 11.2% | 15.2% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The Scheme seeks long term capital growth through investments in equity and equity related securities of both large cap and mid cap stocks.
Fund managers
- Kirti DalviMMS (Finance), CFA level 2Prior to Joining the Mahindra Manulife AMC he has worked with ENAM AMC, Angel Broking Ltd.
- Neelesh DhamnaskarMr. Dhamnaskar is a B.Com (H)and MMS (Finance).Prior to joining Mahindra Manulife Mutual Fund, he has worked with Invesco MF, ENAM Securities Direct Pvt. Ltd. and KR Choksey Shares and Securities Pvt. Ltd. He has also worked with Anand Rathi Ltd., as Commodity Research Analyst.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
₹
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months7.70% absolute | ₹60,000 | ₹64,620 | 7.70% | |
| 1 year3.89% annualised | ₹1,20,000 | ₹1,22,559 | 2.13% | |
| 3 years11.74% annualised | ₹3,60,000 | ₹4,33,255 | 20.35% | |
| 5 years9.93% annualised | ₹6,00,000 | ₹7,79,336 | 29.89% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.
What is the NAV of Mahindra Manulife Large & Mid Cap Fund?
The NAV of Mahindra Manulife Large & Mid Cap Fund is ₹28.57 as on 9 Nov 2026.
What is the expense ratio of Mahindra Manulife Large & Mid Cap Fund?
The expense ratio of Mahindra Manulife Large & Mid Cap Fund is 2.18% per year.
What is the minimum SIP amount for Mahindra Manulife Large & Mid Cap Fund?
You can start a SIP in Mahindra Manulife Large & Mid Cap Fund with ₹3,000 a month.
What returns has Mahindra Manulife Large & Mid Cap Fund given?
Mahindra Manulife Large & Mid Cap Fund has returned 11.2% over 1 year, 6.4% over 3 years and 11.0% over 5 years (annualised).
Is there a lock-in or exit load on Mahindra Manulife Large & Mid Cap Fund?
Lock-in: None. Exit load: Exit load of 1%, if redeemed within 3 months..
How risky is Mahindra Manulife Large & Mid Cap Fund?
Mahindra Manulife Large & Mid Cap Fund is rated Very High on the SEBI riskometer and belongs to the Large & MidCap category.
Which fund house manages Mahindra Manulife Large & Mid Cap Fund?
Mahindra Manulife Large & Mid Cap Fund is managed by Mahindra Manulife Mutual Fund, which runs 27 schemes with ₹38,154 Cr under management.