Mahindra Manulife Large & Mid Cap Fund
Large & MidCapVery HighOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹27.52+0.02%1 day
- Return since launch
- 16.6%
- 52-week range
- ₹23.98 — ₹28.69
- AUM
- ₹2,929 Cr
Mahindra Manulife Large & Mid Cap Fund is a Large & MidCap equity fund from Mahindra Manulife Mutual Fund with ₹2,929 Cr under management, launched in 2019. Over three years it has returned 4.9% a year, against 12.9% for its category. The expense ratio is 2.22% 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 +5.4% against -0.1% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 4.7% | +1.4 pts | 3.3% | -1.3% |
| 2Y | 4.0% | +0.5 pts | 3.5% | 0.9% |
| 3Y | 4.9% | −8.0 pts | 12.9% | 4.3% |
| 5Y | 10.3% | −1.0 pts | 11.3% | 10.2% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -3.7% | +0.2 pts | -3.9% | -4.0% |
| 3M | 2.6% | +2.6 pts | -0.0% | -0.5% |
| 6M | 12.2% | +0.9 pts | 11.3% | 9.8% |
| 1Y | 5.4% | +2.1 pts | 3.3% | -0.1% |
| 2Y | -1.9% | −0.7 pts | -1.2% | -2.6% |
| 3Y | 10.4% | −2.5 pts | 12.9% | 11.3% |
| 5Y | 10.6% | −0.7 pts | 11.3% | 10.3% |
Since launch (6 Dec 2019): 16.6%
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
2.19%
Expense ratio as on 23 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.68%
- Brokerage
- 0.08%
- Transaction charges
- 0.00%
- Statutory levies
- 0.43%
- 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 | 1.21 | 7.31 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.96 | 1.05 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.49 | 0.80 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.63 | 0.99 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 15.27 | 17.61 | 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 31 Aug 2026
Asset allocation
- Equity96.8%
- Other3.2%
Market cap split
- Large46.6%
- Mid40.6%
- Small12.8%
- P/E
- 31.87
- P/B
- 3.71
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| ICICI Bank Ltd. | Financial | 4.53% | ₹133 Cr | +3.76% | +3.83% | +3.61% |
| Others | Others | 3.18% | ₹93.05 Cr | +0.09% | +5.79% | +0.66% |
| The Federal Bank Ltd. | Financial | 2.91% | ₹85.25 Cr | +2.54% | +2.47% | — |
| Axis Bank Ltd. | Financial | 2.80% | ₹81.90 Cr | +2.60% | +2.23% | — |
| Indusind Bank Ltd. | Financial | 2.70% | ₹79.19 Cr | +2.62% | +2.73% | +2.01% |
| Eternal Ltd. | Services | 2.62% | ₹76.61 Cr | +2.15% | — | — |
| HDFC Bank Ltd. | Financial | 2.55% | ₹74.64 Cr | +3.09% | +3.18% | +1.24% |
| Glenmark Pharmaceuticals Ltd. | Healthcare | 2.36% | ₹69.11 Cr | +2.33% | +2.97% | +3.31% |
| Laurus Labs Ltd. | Healthcare | 2.12% | ₹62.17 Cr | +1.75% | +1.58% | +2.33% |
| Senores Pharmaceuticals Ltd. | Healthcare | 2.10% | ₹61.55 Cr | +2.08% | +1.51% | +1.76% |
| Larsen & Toubro Ltd. | Construction | 2.00% | ₹58.65 Cr | +1.88% | +1.25% | — |
| Reliance Industries Ltd. | Energy | 1.96% | ₹57.34 Cr | +2.50% | +2.63% | +2.29% |
| Neuland Laboratories Ltd. | Healthcare | 1.94% | ₹56.82 Cr | +1.55% | +1.16% | +1.43% |
| Jindal Steel Ltd. | Metals & Mining | 1.91% | ₹55.95 Cr | +2.08% | — | — |
| Bajaj Auto Ltd. | Automobile | 1.83% | ₹53.60 Cr | +1.74% | +1.65% | — |
| Bharat Heavy Electricals Ltd. | Capital Goods | 1.82% | ₹53.38 Cr | +2.30% | +1.46% | +1.00% |
| Aditya Birla Capital Ltd. | Financial | 1.79% | ₹52.48 Cr | +1.41% | — | — |
| Polycab India Ltd. | Capital Goods | 1.77% | ₹51.95 Cr | +1.31% | +1.18% | +1.19% |
| Multi Commodity Exchange Of India Ltd. | Services | 1.72% | ₹50.32 Cr | +1.12% | — | — |
| Divi's Laboratories Ltd. | Healthcare | 1.71% | ₹50.18 Cr | +1.89% | +2.39% | +2.93% |
| Bosch Ltd. | Automobile | 1.71% | ₹49.96 Cr | +1.35% | +1.55% | +1.77% |
| Bharti Hexacom Ltd. | Communication | 1.67% | ₹48.96 Cr | +1.40% | +0.97% | +1.46% |
| Mahindra & Mahindra Ltd. | Automobile | 1.64% | ₹47.92 Cr | +1.64% | +1.56% | +0.54% |
| State Bank of India | Financial | 1.63% | ₹47.70 Cr | +2.02% | +3.38% | +1.96% |
| Shriram Finance Ltd | Financial | 1.60% | ₹46.84 Cr | +1.16% | +1.31% | — |
| Oil And Natural Gas Corporation Ltd. | Energy | 1.57% | ₹45.85 Cr | +1.67% | — | — |
| IDFC First Bank Ltd. | Financial | 1.50% | ₹43.84 Cr | +1.34% | +1.91% | +1.85% |
| The Phoenix Mills Ltd. | Construction | 1.47% | ₹43.13 Cr | +1.24% | +1.15% | — |
| Solar Industries India Ltd. | Chemicals | 1.38% | ₹40.42 Cr | +1.08% | +0.80% | +0.85% |
| JSW Energy Ltd. | Capital Goods | 1.38% | ₹40.33 Cr | +1.86% | +1.52% | +0.37% |
| Titan Company Ltd. | Consumer Discretionary | 1.34% | ₹39.29 Cr | +1.15% | +1.22% | — |
| Torrent Pharmaceuticals Ltd. | Healthcare | 1.26% | ₹36.81 Cr | +0.81% | +0.79% | — |
| PB Fintech Ltd. | Services | 1.25% | ₹36.75 Cr | +1.02% | — | — |
| GE Vernova T&D India Ltd | Capital Goods | 1.24% | ₹36.45 Cr | — | — | — |
| UNO Minda Ltd. | Automobile | 1.23% | ₹35.98 Cr | +1.05% | +0.88% | — |
| Radico Khaitan Ltd. | Consumer Staples | 1.21% | ₹35.43 Cr | +1.02% | — | — |
| Apollo Hospitals Enterprise Ltd. | Healthcare | 1.18% | ₹34.70 Cr | +1.17% | +1.12% | +1.02% |
| Bharat Electronics Ltd. | Capital Goods | 1.17% | ₹34.19 Cr | +1.40% | +1.26% | +0.49% |
| Tech Mahindra Ltd. | Technology | 1.16% | ₹34.03 Cr | +1.36% | +1.94% | — |
| company:7041 | Technology | 1.15% | ₹33.75 Cr | — | — | — |
| Interglobe Aviation Ltd. | Services | 1.15% | ₹33.60 Cr | +1.04% | +0.96% | +1.50% |
| company:407 | Financial | 1.12% | ₹32.77 Cr | — | — | +1.06% |
| Delhivery Ltd. | Services | 1.12% | ₹32.71 Cr | +1.19% | — | — |
| Global Health Ltd. | Healthcare | 1.10% | ₹32.29 Cr | +0.87% | — | — |
| company:17109 | Services | 1.09% | ₹32.05 Cr | — | — | — |
| L&T Finance Ltd. | Financial | 1.09% | ₹31.87 Cr | +0.78% | — | — |
| IIFL Finance Ltd. | Financial | 1.03% | ₹30.24 Cr | +0.80% | +1.05% | +0.94% |
| JK Cement Ltd. | Materials | 1.01% | ₹29.61 Cr | — | — | — |
| Persistent Systems Ltd. | Technology | 0.98% | ₹28.81 Cr | +1.14% | +1.60% | +1.26% |
| 360 One Wam Ltd. | Financial | 0.95% | ₹27.97 Cr | — | — | — |
| Aarti Industries Ltd. | Chemicals | 0.95% | ₹27.79 Cr | +0.93% | +0.87% | +0.76% |
| Adani Enterprises Ltd. | Services | 0.95% | ₹27.74 Cr | — | — | — |
| Marico Ltd. | Consumer Staples | 0.94% | ₹27.55 Cr | — | — | — |
| Vishal Mega Mart Ltd. | Services | 0.92% | ₹27.05 Cr | +1.10% | +0.96% | +1.59% |
| BlackBuck Ltd. | Services | 0.89% | ₹26.02 Cr | +0.82% | — | — |
| Mphasis Ltd. | Technology | 0.83% | ₹24.19 Cr | +1.26% | +1.41% | +2.01% |
| Belrise Industries Ltd. | Automobile | 0.82% | ₹24.13 Cr | — | — | — |
| APL Apollo Tubes Ltd. | Metals & Mining | 0.78% | ₹22.90 Cr | +0.69% | +0.61% | — |
| Cochin Shipyard Ltd. | Capital Goods | 0.77% | ₹22.65 Cr | — | — | — |
| Aditya Birla Sun Life AMC Ltd. | Financial | 0.77% | ₹22.61 Cr | +0.84% | +0.70% | +0.69% |
| Indian Bank | Financial | 0.76% | ₹22.38 Cr | +1.38% | +1.63% | +1.32% |
| Ultratech Cement Ltd. | Materials | 0.75% | ₹22.10 Cr | +1.98% | +3.31% | +2.65% |
| Prestige Estates Projects Ltd. | Construction | 0.71% | ₹20.90 Cr | — | — | +0.48% |
| Max Financial Services Ltd. | Financial | 0.69% | ₹20.14 Cr | +0.79% | — | — |
| PTC Industries Ltd. | Metals & Mining | 0.63% | ₹18.35 Cr | +0.85% | +0.94% | +0.77% |
| Blue Star Ltd. | Consumer Discretionary | 0.62% | ₹18.30 Cr | +0.73% | +0.89% | +0.90% |
| Sai Life Sciences Ltd. | Healthcare | 0.62% | ₹18.25 Cr | +0.53% | — | — |
| Hindustan Aeronautics Ltd. | Capital Goods | 0.57% | ₹16.81 Cr | +0.55% | +0.50% | +0.58% |
| Swiggy Ltd. | Services | 0.49% | ₹14.39 Cr | +0.48% | +0.56% | — |
| Adani Ports and Special Economic Zone Ltd. | Services | 0.41% | ₹11.95 Cr | — | — | — |
| company:17009 | Healthcare | 0.40% | ₹11.85 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| company:7041 | 0.00% | 1.15% | +1.15% |
| company:407 | 0.00% | 1.12% | +1.12% |
| company:17109 | 0.00% | 1.09% | +1.09% |
| Infosys Ltd. | 1.00% | 0.00% | -1.00% |
| SRF Ltd. | 0.91% | 0.00% | -0.91% |
| Maruti Suzuki India Ltd. | 0.86% | 0.00% | -0.86% |
| HDFC Asset Management Company Ltd. | 0.63% | 0.00% | -0.63% |
| Reliance Industries Ltd. | 2.38% | 1.96% | -0.42% |
| company:17009 | 0.00% | 0.40% | +0.40% |
| Multi Commodity Exchange Of India Ltd. | 1.41% | 1.72% | +0.31% |
| Neuland Laboratories Ltd. | 1.66% | 1.94% | +0.28% |
| PTC Industries Ltd. | 0.90% | 0.63% | -0.27% |
| L&T Finance Ltd. | 0.82% | 1.09% | +0.27% |
| Bosch Ltd. | 1.45% | 1.71% | +0.26% |
| Mphasis Ltd. | 1.07% | 0.83% | -0.24% |
| HDFC Bank Ltd. | 2.79% | 2.55% | -0.24% |
| Persistent Systems Ltd. | 1.17% | 0.98% | -0.19% |
| Aditya Birla Capital Ltd. | 1.63% | 1.79% | +0.16% |
| Glenmark Pharmaceuticals Ltd. | 2.20% | 2.36% | +0.16% |
| PB Fintech Ltd. | 1.11% | 1.25% | +0.14% |
| JSW Energy Ltd. | 1.52% | 1.38% | -0.14% |
| Oil And Natural Gas Corporation Ltd. | 1.70% | 1.57% | -0.13% |
| Bharti Hexacom Ltd. | 1.80% | 1.67% | -0.13% |
| Mahindra & Mahindra Ltd. | 1.76% | 1.64% | -0.12% |
| APL Apollo Tubes Ltd. | 0.66% | 0.78% | +0.12% |
| Senores Pharmaceuticals Ltd. | 1.98% | 2.10% | +0.12% |
| The Federal Bank Ltd. | 3.03% | 2.91% | -0.12% |
| Eternal Ltd. | 2.50% | 2.62% | +0.12% |
| Blue Star Ltd. | 0.74% | 0.62% | -0.12% |
| ICICI Bank Ltd. | 4.64% | 4.53% | -0.11% |
| Delhivery Ltd. | 1.22% | 1.12% | -0.10% |
| Bharat Electronics Ltd. | 1.27% | 1.17% | -0.10% |
| JK Cement Ltd. | 1.11% | 1.01% | -0.10% |
| Divi's Laboratories Ltd. | 1.62% | 1.71% | +0.09% |
| Marico Ltd. | 1.03% | 0.94% | -0.09% |
| Indusind Bank Ltd. | 2.79% | 2.70% | -0.09% |
| Adani Enterprises Ltd. | 1.03% | 0.95% | -0.08% |
| Bharat Heavy Electricals Ltd. | 1.74% | 1.82% | +0.08% |
| Jindal Steel Ltd. | 1.83% | 1.91% | +0.08% |
| Solar Industries India Ltd. | 1.31% | 1.38% | +0.07% |
| Torrent Pharmaceuticals Ltd. | 1.32% | 1.26% | -0.06% |
| Tech Mahindra Ltd. | 1.22% | 1.16% | -0.06% |
| Axis Bank Ltd. | 2.74% | 2.80% | +0.06% |
| Ultratech Cement Ltd. | 0.81% | 0.75% | -0.06% |
| Apollo Hospitals Enterprise Ltd. | 1.24% | 1.18% | -0.06% |
| The Phoenix Mills Ltd. | 1.42% | 1.47% | +0.05% |
| BlackBuck Ltd. | 0.84% | 0.89% | +0.05% |
| UNO Minda Ltd. | 1.18% | 1.23% | +0.05% |
| Belrise Industries Ltd. | 0.87% | 0.82% | -0.05% |
| Sai Life Sciences Ltd. | 0.58% | 0.62% | +0.04% |
| Adani Ports and Special Economic Zone Ltd. | 0.45% | 0.41% | -0.04% |
| Shriram Finance Ltd | 1.56% | 1.60% | +0.04% |
| IDFC First Bank Ltd. | 1.53% | 1.50% | -0.03% |
| Bajaj Auto Ltd. | 1.80% | 1.83% | +0.03% |
| Aarti Industries Ltd. | 0.92% | 0.95% | +0.03% |
| Laurus Labs Ltd. | 2.15% | 2.12% | -0.03% |
| Indian Bank | 0.74% | 0.76% | +0.02% |
| Interglobe Aviation Ltd. | 1.17% | 1.15% | -0.02% |
| IIFL Finance Ltd. | 1.01% | 1.03% | +0.02% |
| Swiggy Ltd. | 0.51% | 0.49% | -0.02% |
| Larsen & Toubro Ltd. | 2.02% | 2.00% | -0.02% |
| Prestige Estates Projects Ltd. | 0.73% | 0.71% | -0.02% |
| Cochin Shipyard Ltd. | 0.76% | 0.77% | +0.01% |
| Global Health Ltd. | 1.09% | 1.10% | +0.01% |
| State Bank of India | 1.64% | 1.63% | -0.01% |
| Titan Company Ltd. | 1.33% | 1.34% | +0.01% |
| Others | 0.03% | 0.02% | -0.01% |
| Max Financial Services Ltd. | 0.68% | 0.69% | +0.01% |
| Vishal Mega Mart Ltd. | 0.93% | 0.92% | -0.01% |
| Hindustan Aeronautics Ltd. | 0.58% | 0.57% | -0.01% |
| GE Vernova T&D India Ltd | 1.25% | 1.24% | -0.01% |
| 360 One Wam Ltd. | 0.96% | 0.95% | -0.01% |
| Polycab India Ltd. | 1.77% | 1.77% | 0.00% |
| Aditya Birla Sun Life AMC Ltd. | 0.77% | 0.77% | 0.00% |
| Radico Khaitan Ltd. | 1.21% | 1.21% | 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 | ₹18,618 Cr | 2.09% | 7.9% | 10.7% | 16.2% |
 ICICI Prudential Large & Mid Cap Fund | ₹33,592 Cr | 2.03% | -1.9% | 6.4% | 13.0% |
 Bandhan Large & Mid Cap Fund | ₹21,020 Cr | 2.29% | 2.1% | 8.1% | 15.2% |
 Motilal Oswal Large and Midcap Fund | ₹20,159 Cr | 1.81% | 15.9% | 14.2% | 19.5% |
 Invesco India Large & Mid Cap Fund | ₹12,387 Cr | 1.87% | 12.6% | 13.9% | 18.2% |
 HSBC Large and Mid Cap Fund | ₹5,931 Cr | 2.47% | 10.5% | 10.8% | 14.9% |
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 months12.23% absolute | ₹60,000 | ₹67,338 | 12.23% | |
| 1 year5.42% annualised | ₹1,20,000 | ₹1,23,582 | 2.99% | |
| 3 years10.44% annualised | ₹3,60,000 | ₹4,24,284 | 17.86% | |
| 5 years10.58% annualised | ₹6,00,000 | ₹7,93,289 | 32.21% |
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 ₹27.52 as on 25 Sep 2026.
What is the expense ratio of Mahindra Manulife Large & Mid Cap Fund?
The expense ratio of Mahindra Manulife Large & Mid Cap Fund is 2.22% 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 4.7% over 1 year, 4.9% over 3 years and 10.3% 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 ₹34,805 Cr under management.