Mahindra Manulife Large Cap Fund
Large CapVery HighOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹21.25+0.30%1 day
- Return since launch
- 10.7%
- 52-week range
- ₹20.56 — ₹24.17
- AUM
- ₹695 Cr
Mahindra Manulife Large Cap Fund is a Large Cap equity fund from Mahindra Manulife Mutual Fund with ₹695 Cr under management, launched in 2019. Over three years it has returned -1.0% a year, against 8.8% for its category. The expense ratio is 2.63% 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 -5.8% against -2.6% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | -10.9% | −8.9 pts | -2.0% | -6.0% |
| 2Y | -5.3% | −4.2 pts | -1.1% | -1.9% |
| 3Y | -1.0% | −9.8 pts | 8.8% | 1.8% |
| 5Y | 5.1% | −2.2 pts | 7.3% | 7.2% |
| 7Y | 8.9% | −1.5 pts | 10.4% | 10.0% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -5.1% | −1.0 pts | -4.0% | -4.4% |
| 3M | -3.0% | −1.6 pts | -1.5% | -1.8% |
| 6M | 1.2% | −4.7 pts | 5.9% | 5.1% |
| 1Y | -5.8% | −3.8 pts | -2.0% | -2.6% |
| 2Y | -6.2% | −2.2 pts | -3.9% | -4.2% |
| 3Y | 6.4% | −2.4 pts | 8.8% | 8.7% |
| 5Y | 6.0% | −1.3 pts | 7.3% | 7.2% |
| 7Y | 10.7% | −1.2 pts | 11.9% | 10.9% |
Since launch (22 Feb 2019): 10.7%
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
2.60%
Expense ratio as on 23 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 2.05%
- 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 | -1.31 | 2.62 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.96 | 1.04 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.28 | 0.53 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.37 | 0.70 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 13.95 | 15.51 | 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 31 Aug 2026
Asset allocation
- Equity95.3%
- Other4.7%
Market cap split
- Large90.6%
- Mid8.3%
- Small1.1%
- P/E
- 20.18
- P/B
- 3.20
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| ICICI Bank Ltd. | Financial | 9.52% | ₹66.17 Cr | +9.15% | +9.06% | +7.77% |
| HDFC Bank Ltd. | Financial | 7.51% | ₹52.18 Cr | +8.89% | +8.55% | +8.89% |
| Reliance Industries Ltd. | Energy | 4.98% | ₹34.61 Cr | +5.21% | +7.77% | +6.84% |
| Others | Others | 4.72% | ₹32.82 Cr | +0.09% | -0.24% | +0.93% |
| Bharti Airtel Ltd. | Communication | 4.27% | ₹29.67 Cr | +5.11% | +3.90% | +3.75% |
| Larsen & Toubro Ltd. | Construction | 3.47% | ₹24.14 Cr | +3.54% | +4.33% | +4.28% |
| Axis Bank Ltd. | Financial | 3.05% | ₹21.19 Cr | +2.96% | +4.28% | +3.55% |
| Eternal Ltd. | Services | 3.02% | ₹21.00 Cr | +2.33% | — | — |
| Bajaj Finserv Ltd. | Financial | 2.82% | ₹19.60 Cr | +2.52% | +4.73% | +3.91% |
| Infosys Ltd. | Technology | 2.75% | ₹19.10 Cr | +4.23% | +4.41% | +5.80% |
| Mahindra & Mahindra Ltd. | Automobile | 2.62% | ₹18.22 Cr | +1.77% | +2.62% | +0.91% |
| TVS Motor Company Ltd. | Automobile | 2.57% | ₹17.85 Cr | +1.81% | +1.39% | +1.50% |
| Kotak Mahindra Bank Ltd. | Financial | 2.41% | ₹16.73 Cr | +3.10% | +1.77% | +0.36% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 2.17% | ₹15.08 Cr | +1.99% | +1.08% | +0.45% |
| Tech Mahindra Ltd. | Technology | 1.97% | ₹13.68 Cr | +1.81% | +1.55% | +1.37% |
| Avenue Supermarts Ltd. | Services | 1.91% | ₹13.26 Cr | +1.83% | +1.46% | +1.69% |
| Titan Company Ltd. | Consumer Discretionary | 1.76% | ₹12.25 Cr | +1.42% | +1.89% | +1.83% |
| Indusind Bank Ltd. | Financial | 1.74% | ₹12.09 Cr | +1.48% | +1.44% | +0.99% |
| Eicher Motors Ltd. | Automobile | 1.72% | ₹11.93 Cr | +1.36% | — | +0.87% |
| Adani Energy Solutions Ltd. | Energy | 1.68% | ₹11.71 Cr | — | — | — |
| Interglobe Aviation Ltd. | Services | 1.66% | ₹11.51 Cr | +0.96% | — | +0.74% |
| State Bank of India | Financial | 1.65% | ₹11.45 Cr | +1.75% | +3.83% | +3.43% |
| Tata Consultancy Services Ltd. | Technology | 1.60% | ₹11.14 Cr | +3.02% | +3.29% | +3.50% |
| Adani Enterprises Ltd. | Services | 1.58% | ₹10.95 Cr | — | — | — |
| Pidilite Industries Ltd. | Chemicals | 1.53% | ₹10.63 Cr | +1.36% | +1.41% | +1.51% |
| Shriram Finance Ltd | Financial | 1.50% | ₹10.45 Cr | +0.88% | +1.80% | +1.97% |
| Trent Ltd. | Services | 1.41% | ₹9.79 Cr | +1.54% | +0.90% | — |
| Tata Motors Passenger Vehicles Ltd. | Automobile | 1.33% | ₹9.27 Cr | +1.55% | — | — |
| Godrej Properties Ltd. | Construction | 1.30% | ₹9.07 Cr | — | — | — |
| Divi's Laboratories Ltd. | Healthcare | 1.25% | ₹8.71 Cr | +1.36% | +0.87% | +0.87% |
| Hindustan Aeronautics Ltd. | Capital Goods | 1.24% | ₹8.64 Cr | +0.81% | — | — |
| SRF Ltd. | Chemicals | 1.22% | ₹8.45 Cr | +1.30% | +0.87% | +0.32% |
| Hindustan Unilever Ltd. | Consumer Staples | 1.21% | ₹8.40 Cr | +2.66% | +3.00% | +3.70% |
| Grasim Industries Ltd. | Materials | 1.12% | ₹7.75 Cr | +1.05% | +1.75% | +2.50% |
| Tata Capital Ltd. | Financial | 1.10% | ₹7.65 Cr | +1.04% | +1.05% | — |
| Punjab National Bank | Financial | 1.07% | ₹7.43 Cr | — | — | — |
| NTPC Ltd. | Energy | 1.05% | ₹7.31 Cr | +1.37% | +2.17% | — |
| Havells India Ltd. | Capital Goods | 1.04% | ₹7.22 Cr | +1.61% | +1.56% | +2.41% |
| company:16324 | Healthcare | 1.04% | ₹7.21 Cr | — | — | — |
| Nestle India Ltd. | Consumer Staples | 1.03% | ₹7.18 Cr | +1.30% | +1.02% | — |
| HDB Financial Services Ltd. | Financial | 0.98% | ₹6.82 Cr | +0.97% | — | — |
| Maruti Suzuki India Ltd. | Automobile | 0.97% | ₹6.77 Cr | — | — | — |
| Britannia Industries Ltd. | Consumer Staples | 0.97% | ₹6.72 Cr | +1.32% | +1.42% | +2.06% |
| Indus Towers Ltd. | Communication | 0.95% | ₹6.57 Cr | +1.51% | +1.29% | — |
| HDFC Life Insurance Co Ltd. | Insurance | 0.94% | ₹6.52 Cr | +1.30% | — | — |
| Tata Power Company Ltd. | Energy | 0.92% | ₹6.42 Cr | +1.13% | — | — |
| Dr. Reddy's Laboratories Ltd. | Healthcare | 0.85% | ₹5.89 Cr | +1.25% | — | — |
| Max Healthcare Institute Ltd. | Healthcare | 0.82% | ₹5.73 Cr | +1.12% | — | +0.30% |
| TVS Motor Company Ltd - Pref. Shares | Automobile | 0.02% | ₹0.14 Cr | +0.02% | +0.02% | +0.02% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Tata Consultancy Services Ltd. | 3.06% | 1.60% | -1.46% |
| company:16324 | 0.00% | 1.04% | +1.04% |
| Bharti Airtel Ltd. | 5.05% | 4.27% | -0.78% |
| HDFC Bank Ltd. | 8.26% | 7.51% | -0.75% |
| Infosys Ltd. | 3.19% | 2.75% | -0.44% |
| Eternal Ltd. | 2.72% | 3.02% | +0.30% |
| Axis Bank Ltd. | 2.82% | 3.05% | +0.23% |
| Adani Energy Solutions Ltd. | 1.91% | 1.68% | -0.23% |
| Kotak Mahindra Bank Ltd. | 2.19% | 2.41% | +0.22% |
| Divi's Laboratories Ltd. | 1.04% | 1.25% | +0.21% |
| ICICI Bank Ltd. | 9.70% | 9.52% | -0.18% |
| Larsen & Toubro Ltd. | 3.31% | 3.47% | +0.16% |
| Grasim Industries Ltd. | 1.00% | 1.12% | +0.12% |
| Shriram Finance Ltd | 1.39% | 1.50% | +0.11% |
| Titan Company Ltd. | 1.65% | 1.76% | +0.11% |
| Pidilite Industries Ltd. | 1.43% | 1.53% | +0.10% |
| Tata Motors Passenger Vehicles Ltd. | 1.43% | 1.33% | -0.10% |
| State Bank of India | 1.56% | 1.65% | +0.09% |
| TVS Motor Company Ltd. | 2.50% | 2.57% | +0.07% |
| Eicher Motors Ltd. | 1.65% | 1.72% | +0.07% |
| Tata Power Company Ltd. | 0.99% | 0.92% | -0.07% |
| Hindustan Aeronautics Ltd. | 1.18% | 1.24% | +0.06% |
| Interglobe Aviation Ltd. | 1.60% | 1.66% | +0.06% |
| Hindustan Unilever Ltd. | 1.26% | 1.21% | -0.05% |
| Bajaj Finserv Ltd. | 2.77% | 2.82% | +0.05% |
| Indusind Bank Ltd. | 1.69% | 1.74% | +0.05% |
| Adani Enterprises Ltd. | 1.62% | 1.58% | -0.04% |
| Sun Pharmaceutical Industries Ltd. | 2.13% | 2.17% | +0.04% |
| NTPC Ltd. | 1.09% | 1.05% | -0.04% |
| Punjab National Bank | 1.03% | 1.07% | +0.04% |
| Trent Ltd. | 1.44% | 1.41% | -0.03% |
| Tata Capital Ltd. | 1.07% | 1.10% | +0.03% |
| Mahindra & Mahindra Ltd. | 2.65% | 2.62% | -0.03% |
| Avenue Supermarts Ltd. | 1.88% | 1.91% | +0.03% |
| Dr. Reddy's Laboratories Ltd. | 0.82% | 0.85% | +0.03% |
| Godrej Properties Ltd. | 1.33% | 1.30% | -0.03% |
| Maruti Suzuki India Ltd. | 1.00% | 0.97% | -0.03% |
| Max Healthcare Institute Ltd. | 0.85% | 0.82% | -0.03% |
| Tech Mahindra Ltd. | 1.95% | 1.97% | +0.02% |
| Indus Towers Ltd. | 0.93% | 0.95% | +0.02% |
| Nestle India Ltd. | 1.02% | 1.03% | +0.01% |
| Britannia Industries Ltd. | 0.98% | 0.97% | -0.01% |
| HDB Financial Services Ltd. | 0.97% | 0.98% | +0.01% |
| Reliance Industries Ltd. | 4.99% | 4.98% | -0.01% |
| Havells India Ltd. | 1.03% | 1.04% | +0.01% |
| HDFC Life Insurance Co Ltd. | 0.93% | 0.94% | +0.01% |
| Others | 0.03% | 0.02% | -0.01% |
| SRF Ltd. | 1.22% | 1.22% | 0.00% |
| TVS Motor Company Ltd - Pref. Shares | 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 | ₹1,872 Cr | 2.51% | 0.5% | 4.8% | 9.7% |
 Quant Large Cap Fund | ₹3,651 Cr | 2.93% | 5.8% | 5.4% | — |
 Bandhan Large Cap Fund | ₹2,180 Cr | 2.19% | -3.0% | 4.1% | 9.1% |
 Invesco India Large Cap Fund | ₹2,021 Cr | 2.19% | 2.3% | 6.0% | 10.5% |
 WhiteOak Capital Large Cap Fund | ₹1,276 Cr | 2.48% | -4.5% | 3.7% | — |
 Bank of India Large Cap Fund | ₹231 Cr | 2.75% | 1.9% | 4.9% | 9.6% |
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
- 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 months1.19% absolute | ₹60,000 | ₹60,714 | 1.19% | |
| 1 year−5.77% annualised | ₹1,20,000 | ₹1,16,315 | −3.07% | |
| 3 years6.38% annualised | ₹3,60,000 | ₹3,97,708 | 10.47% | |
| 5 years6.04% annualised | ₹6,00,000 | ₹7,01,933 | 16.99% |
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 ₹21.25 as on 25 Sep 2026.
What is the expense ratio of Mahindra Manulife Large Cap Fund?
The expense ratio of Mahindra Manulife Large Cap Fund is 2.63% 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 -10.9% over 1 year, -1.0% over 3 years and 5.1% 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 ₹34,805 Cr under management.