Mahindra Manulife Large Cap Fund
Large CapVery HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹22.93+0.42%1 day
- Return since launch
- 11.4%
- 52-week range
- ₹20.56 — ₹24.17
- AUM
- ₹647 Cr
Mahindra Manulife Large Cap Fund is a Large Cap equity fund from Mahindra Manulife Mutual Fund with ₹647 Cr under management, launched in 2019. Over three years it has returned 3.4% a year, against 11.0% for its category. The expense ratio is 2.60% and the SEBI riskometer reading is Very High.
Performance
Mahindra Manulife Large Cap Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned -2.1% against -0.3% 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% | +4.0 pts | 0.7% | 6.5% |
| 2Y | 2.5% | −2.5 pts | 5.0% | 4.3% |
| 3Y | 3.4% | −7.6 pts | 11.0% | 5.0% |
| 5Y | 7.6% | −0.6 pts | 8.1% | 9.0% |
| 7Y | 10.3% | −1.2 pts | 11.5% | 11.1% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 10.8% | +1.2 pts | 9.7% | 9.7% |
| 3M | 1.0% | −0.1 pts | 1.1% | 0.7% |
| 6M | 5.5% | −0.7 pts | 6.2% | 5.8% |
| 1Y | -2.0% | −2.7 pts | 0.7% | 0.1% |
| 2Y | 1.3% | −1.5 pts | 2.8% | 2.6% |
| 3Y | 9.8% | −1.3 pts | 11.0% | 11.0% |
| 5Y | 6.9% | −1.2 pts | 8.1% | 8.0% |
| 7Y | 11.3% | −1.1 pts | 12.4% | 11.4% |
Since launch (22 Feb 2019): 11.4%
Calendar-year returns
Category average11.9%
29.7%
1.9%
21.9%
12.7%
9.4%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 9.4% | +1.0 pts | 8.5% |
| 2024 | 12.7% | −3.6 pts | 16.3% |
| 2023 | 21.9% | −3.4 pts | 25.3% |
| 2022 | 1.9% | −1.3 pts | 3.2% |
| 2021 | 29.7% | +2.5 pts | 27.2% |
| 2020 | 11.9% | −3.1 pts | 15.0% |
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
2.59%
Expense ratio as on 6 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 2.04%
- Brokerage
- 0.08%
- Transaction charges
- 0.00%
- Statutory levies
- 0.47%
- 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 100 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 | -1.25 | 2.41 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.96 | 1.00 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.19 | 0.43 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.25 | 0.57 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 14.27 | 15.29 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Mahindra Manulife Large Cap Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Equity94.0%
- Other6.0%
Market cap split
- Large91.0%
- Mid7.3%
- Small1.7%
- P/E
- 19.69
- P/B
- 3.10
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| ICICI Bank Ltd. | Financial | 8.79% | ₹56.84 Cr | +9.83% | +8.94% | +7.79% |
| HDFC Bank Ltd. | Financial | 8.06% | ₹52.16 Cr | +9.35% | +8.34% | +9.08% |
| Others | Others | 6.02% | ₹38.94 Cr | +0.09% | +10.98% | +0.45% |
| Reliance Industries Ltd. | Energy | 4.97% | ₹32.17 Cr | +5.01% | +7.53% | +7.06% |
| Bharti Airtel Ltd. | Communication | 4.45% | ₹28.77 Cr | +5.29% | +4.64% | +3.73% |
| Axis Bank Ltd. | Financial | 3.60% | ₹23.29 Cr | +3.13% | +4.05% | +4.09% |
| Larsen & Toubro Ltd. | Construction | 3.47% | ₹22.44 Cr | +3.53% | +4.27% | +4.34% |
| Eternal Ltd. | Services | 3.22% | ₹20.80 Cr | +2.42% | +1.58% | — |
| TVS Motor Company Ltd. | Automobile | 2.61% | ₹16.88 Cr | +2.03% | +1.76% | +1.47% |
| Bajaj Finserv Ltd. | Financial | 2.60% | ₹16.79 Cr | +2.47% | +2.42% | +4.44% |
| Infosys Ltd. | Technology | 2.59% | ₹16.74 Cr | +3.58% | +4.79% | +5.68% |
| Kotak Mahindra Bank Ltd. | Financial | 2.57% | ₹16.64 Cr | +3.39% | +3.00% | +1.78% |
| Mahindra & Mahindra Ltd. | Automobile | 2.53% | ₹16.37 Cr | +2.32% | +2.79% | +0.87% |
| HDFC Life Insurance Co Ltd. | Insurance | 2.26% | ₹14.59 Cr | +1.40% | — | — |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 2.13% | ₹13.81 Cr | +2.02% | +2.04% | +0.45% |
| Grasim Industries Ltd. | Materials | 2.04% | ₹13.17 Cr | +1.02% | +1.80% | +2.48% |
| Avenue Supermarts Ltd. | Services | 2.00% | ₹12.92 Cr | +1.94% | +1.88% | +1.59% |
| Tech Mahindra Ltd. | Technology | 1.98% | ₹12.80 Cr | +1.69% | +1.78% | +1.29% |
| Divi's Laboratories Ltd. | Healthcare | 1.88% | ₹12.17 Cr | +1.32% | +1.18% | +0.81% |
| Adani Enterprises Ltd. | Services | 1.72% | ₹11.12 Cr | — | — | — |
| Titan Company Ltd. | Consumer Discretionary | 1.70% | ₹11.01 Cr | +1.51% | +1.75% | +1.62% |
| Interglobe Aviation Ltd. | Services | 1.70% | ₹10.96 Cr | +1.69% | — | +0.40% |
| Adani Energy Solutions Ltd. | Energy | 1.68% | ₹10.86 Cr | — | — | — |
| Indusind Bank Ltd. | Financial | 1.66% | ₹10.72 Cr | +1.46% | +1.28% | +1.19% |
| State Bank of India | Financial | 1.60% | ₹10.36 Cr | +1.58% | +2.77% | +3.72% |
| Gland Pharma Ltd. | Healthcare | 1.57% | ₹10.15 Cr | — | — | — |
| Tata Consultancy Services Ltd. | Technology | 1.47% | ₹9.52 Cr | +2.67% | +3.32% | +3.28% |
| Shriram Finance Ltd | Financial | 1.43% | ₹9.25 Cr | +1.40% | +1.48% | +2.09% |
| Pidilite Industries Ltd. | Chemicals | 1.43% | ₹9.23 Cr | +1.43% | +1.24% | +1.45% |
| Trent Ltd. | Services | 1.38% | ₹8.91 Cr | +1.59% | +1.01% | — |
| Tata Motors Passenger Vehicles Ltd. | Automobile | 1.31% | ₹8.51 Cr | +1.51% | — | +0.82% |
| Hindustan Aeronautics Ltd. | Capital Goods | 1.30% | ₹8.40 Cr | +1.13% | — | — |
| SRF Ltd. | Chemicals | 1.26% | ₹8.16 Cr | +1.29% | +1.04% | — |
| Hindustan Unilever Ltd. | Consumer Staples | 1.24% | ₹8.02 Cr | +2.56% | +2.66% | +3.38% |
| Godrej Properties Ltd. | Construction | 1.13% | ₹7.33 Cr | +1.20% | — | — |
| NTPC Ltd. | Energy | 1.11% | ₹7.20 Cr | +1.14% | +2.66% | — |
| Tata Power Company Ltd. | Energy | 1.03% | ₹6.64 Cr | +1.02% | +0.99% | — |
| Dr. Reddy's Laboratories Ltd. | Healthcare | 0.97% | ₹6.29 Cr | +1.18% | +1.08% | — |
| Nestle India Ltd. | Consumer Staples | 0.97% | ₹6.29 Cr | +1.47% | +1.04% | — |
| Britannia Industries Ltd. | Consumer Staples | 0.96% | ₹6.18 Cr | +1.28% | +1.44% | +1.73% |
| Maruti Suzuki India Ltd. | Automobile | 0.93% | ₹5.98 Cr | — | — | — |
| Eicher Motors Ltd. | Automobile | 0.83% | ₹5.37 Cr | +1.52% | — | +0.94% |
| Multi Commodity Exchange Of India Ltd. | Services | 0.81% | ₹5.25 Cr | — | — | — |
| LG Electronics India Ltd. | Consumer Discretionary | 0.80% | ₹5.17 Cr | — | +0.66% | — |
| Nippon Life India Asset Management Ltd. | Financial | 0.25% | ₹1.61 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| HDFC Life Insurance Co Ltd. | 0.94% | 2.26% | +1.32% |
| Tata Capital Ltd. | 1.10% | 0.00% | -1.10% |
| Punjab National Bank | 1.07% | 0.00% | -1.07% |
| Havells India Ltd. | 1.04% | 0.00% | -1.04% |
| HDB Financial Services Ltd. | 0.98% | 0.00% | -0.98% |
| Indus Towers Ltd. | 0.95% | 0.00% | -0.95% |
| Grasim Industries Ltd. | 1.12% | 2.04% | +0.92% |
| Eicher Motors Ltd. | 1.72% | 0.83% | -0.89% |
| Max Healthcare Institute Ltd. | 0.82% | 0.00% | -0.82% |
| Multi Commodity Exchange Of India Ltd. | 0.00% | 0.81% | +0.81% |
| LG Electronics India Ltd. | 0.00% | 0.80% | +0.80% |
| ICICI Bank Ltd. | 9.52% | 8.79% | -0.73% |
| Divi's Laboratories Ltd. | 1.25% | 1.88% | +0.63% |
| HDFC Bank Ltd. | 7.51% | 8.06% | +0.56% |
| Axis Bank Ltd. | 3.05% | 3.60% | +0.55% |
| Gland Pharma Ltd. | 1.04% | 1.57% | +0.53% |
| Nippon Life India Asset Management Ltd. | 0.00% | 0.25% | +0.25% |
| Bajaj Finserv Ltd. | 2.82% | 2.60% | -0.22% |
| Eternal Ltd. | 3.02% | 3.22% | +0.19% |
| Bharti Airtel Ltd. | 4.27% | 4.45% | +0.18% |
| Godrej Properties Ltd. | 1.30% | 1.13% | -0.17% |
| Kotak Mahindra Bank Ltd. | 2.41% | 2.57% | +0.16% |
| Infosys Ltd. | 2.75% | 2.59% | -0.16% |
| Adani Enterprises Ltd. | 1.58% | 1.72% | +0.14% |
| Tata Consultancy Services Ltd. | 1.60% | 1.47% | -0.13% |
| Dr. Reddy's Laboratories Ltd. | 0.85% | 0.97% | +0.13% |
| Tata Power Company Ltd. | 0.92% | 1.03% | +0.10% |
| Pidilite Industries Ltd. | 1.53% | 1.43% | -0.10% |
| Avenue Supermarts Ltd. | 1.91% | 2.00% | +0.09% |
| Mahindra & Mahindra Ltd. | 2.62% | 2.53% | -0.09% |
| Indusind Bank Ltd. | 1.74% | 1.66% | -0.08% |
| Shriram Finance Ltd | 1.50% | 1.43% | -0.07% |
| NTPC Ltd. | 1.05% | 1.11% | +0.06% |
| Nestle India Ltd. | 1.03% | 0.97% | -0.06% |
| Titan Company Ltd. | 1.76% | 1.70% | -0.06% |
| Hindustan Aeronautics Ltd. | 1.24% | 1.30% | +0.06% |
| Maruti Suzuki India Ltd. | 0.97% | 0.93% | -0.05% |
| SRF Ltd. | 1.22% | 1.26% | +0.05% |
| State Bank of India | 1.65% | 1.60% | -0.04% |
| TVS Motor Company Ltd. | 2.57% | 2.61% | +0.04% |
| Interglobe Aviation Ltd. | 1.66% | 1.70% | +0.04% |
| Sun Pharmaceutical Industries Ltd. | 2.17% | 2.13% | -0.04% |
| Hindustan Unilever Ltd. | 1.21% | 1.24% | +0.03% |
| Trent Ltd. | 1.41% | 1.38% | -0.03% |
| company:20133 | 0.02% | 0.00% | -0.02% |
| Tata Motors Passenger Vehicles Ltd. | 1.33% | 1.31% | -0.02% |
| Tech Mahindra Ltd. | 1.97% | 1.98% | +0.01% |
| Britannia Industries Ltd. | 0.97% | 0.96% | -0.01% |
| Others | 0.02% | 0.03% | +0.01% |
| Reliance Industries Ltd. | 4.98% | 4.97% | -0.01% |
| Adani Energy Solutions Ltd. | 1.68% | 1.68% | -0.01% |
| Larsen & Toubro Ltd. | 3.47% | 3.47% | 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 | ₹3,138 Cr | 2.31% | 10.1% | 7.1% | 11.3% |
 DSP Large Cap Fund | ₹6,642 Cr | 2.02% | 6.5% | 5.3% | 10.3% |
 Quant Large Cap Fund | ₹3,669 Cr | 2.75% | 11.5% | 6.5% | — |
 Bandhan Large Cap Fund | ₹2,098 Cr | 2.20% | 10.6% | 7.7% | 11.2% |
 Invesco India Large Cap Fund | ₹1,995 Cr | 2.14% | 14.1% | 9.0% | 12.2% |
 WhiteOak Capital Large Cap Fund | ₹1,287 Cr | 2.45% | 8.0% | 6.9% | — |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The Scheme seeks to provide long term capital appreciation & provide long-term growth opportunities by investing in a portfolio constituted of equity & equity related securities and derivatives predominantly in large cap companies.
Fund managers
- Hemang KapasiMr. Kapasi is B.Com (H), PGDBA (Finance) & CFA.Prior to joining Mahindra Manulife AMC, he has worked with Canara Robecco AMC and ICICI Bank.
- Kirti DalviMMS (Finance), CFA level 2Prior to Joining the Mahindra Manulife AMC he has worked with ENAM AMC, Angel Broking Ltd.
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 months5.53% absolute | ₹60,000 | ₹63,318 | 5.53% | |
| 1 year−1.99% annualised | ₹1,20,000 | ₹1,18,714 | −1.07% | |
| 3 years9.77% annualised | ₹3,60,000 | ₹4,19,750 | 16.60% | |
| 5 years6.93% annualised | ₹6,00,000 | ₹7,18,760 | 19.79% |
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 Cap Fund?
The NAV of Mahindra Manulife Large Cap Fund is ₹22.93 as on 9 Nov 2026.
What is the expense ratio of Mahindra Manulife Large Cap Fund?
The expense ratio of Mahindra Manulife Large Cap Fund is 2.60% per year.
What is the minimum SIP amount for Mahindra Manulife Large Cap Fund?
You can start a SIP in Mahindra Manulife Large Cap Fund with ₹3,000 a month.
What returns has Mahindra Manulife Large Cap Fund given?
Mahindra Manulife Large Cap Fund has returned 4.7% over 1 year, 3.4% over 3 years and 7.6% over 5 years (annualised).
Is there a lock-in or exit load on Mahindra Manulife Large Cap Fund?
Lock-in: None. Exit load: Exit load of 1% if redeemed within 3 months..
How risky is Mahindra Manulife Large Cap Fund?
Mahindra Manulife Large Cap Fund is rated Very High on the SEBI riskometer and belongs to the Large Cap category.
Which fund house manages Mahindra Manulife Large Cap Fund?
Mahindra Manulife Large Cap Fund is managed by Mahindra Manulife Mutual Fund, which runs 27 schemes with ₹38,154 Cr under management.