Mahindra Manulife Flexi Cap Fund - Direct Plan - IDCW

NAVs of 8 Nov 2026

Mahindra Manulife Mutual Fund · Equity fund · Direct plan · IDCW

Flexi CapDirect · IDCWRisk: Very High

NAV · 6 Nov 2026

₹12.6081 ▲ 0.98%

Mahindra Manulife Mutual Fund

Fund size₹1,570 crJuly - September 2026

1-month range₹11.57 – 12.61

1 year-10.35%

Expense ratio0.95%direct plan, a year

5 years+4.30%a year

What the fund does

The investment objective of the Scheme is to generate long term capital appreciation by investing in a diversified portfolio of equity and equity-related securities across market capitalization. However, there can be no assurance that the investment objective of the Scheme will be achieved.

BenchmarkNifty 500 TRI

Launched23 Aug 2021

Fund houseMahindra Manulife Mutual Fund

Fund managersFM-1 Mr. Neelesh DhamnaskarFM-2 Ms. Kirti Dalvi

NAV history

Returns

1 week

+6.66%avg 6.2%

1 month

+3.82%avg 4.3%

3 months

-1.29%avg -0.7%

6 months

+1.32%avg 4.9%

This year

-11.44%avg 3.0%

1 year

-10.35%avg 3.6%

3 years (a year)

+1.38%avg 13.9%

5 years (a year)

+4.30%avg 11.2%

Bars: this plan; the thin mark is the Flexi Cap average (direct plans, growth option). Over a year: yearly averages (CAGR). Past returns do not guarantee future returns. Information only, not investment advice.

Monthly returns (%)

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2024												-1.0
2025	-3.8	-6.9	-1.3	+2.9	+3.5	+4.0	-2.7	-1.6	+0.7	+3.3	+1.5	-0.8
2026	-3.2	-0.0	-17.9	+8.9	-1.2	+2.2	+1.7	+1.2	-4.9	-2.8	+6.7

Each month's change in NAV (the current month to the latest NAV).

What if you had invested?

Amount (₹) Started

Worked out from this plan's actual NAVs. SIP: invested on the first NAV of each month. Taxes and exit loads are not included. Past returns do not guarantee future returns. Information only, not investment advice.

Portfolio as on 30 Sept 2026

Stocks held7276 lines in all

Top 10 stocks28.0%of the fund

Equity96.8%stocks and equity derivatives

Debt & cash4.1%everything else

Where the money is

Equity 96.8%Cash & others 4.1%

Sectors (stocks held)

Banks

22.0%

Pharmaceuticals & Biotechnology

9.7%

Retailing

6.2%

Industrial Products

4.8%

Finance

4.8%

IT - Software

4.1%

Automobiles

3.7%

Construction

3.5%

Stocks held 72

Holding	Sector / type	% of fund
ICICI Bank Limited INE090A01021	Banks	6.44%
HDFC Bank Limited INE040A01034	Banks	3.93%
Axis Bank Limited INE238A01034	Banks	2.55%
Eternal Limited INE758T01015	Retailing	2.50%
Bharti Airtel Limited INE397D01024	Telecom - Services	2.49%
Bajaj Finance Ltd INE296A01032	Finance	2.38%
Larsen & Toubro Limited INE018A01030	Construction	2.02%
Kotak Mahindra Bank Ltd INE237A01036	Banks	1.92%
The Federal Bank Limited INE171A01029	Banks	1.91%
Reliance Industries Limited INE002A01018	Petroleum Products	1.81%
UNO Minda Limited INE405E01023	Auto Components	1.74%
Divi's Laboratories Limited INE361B01024	Pharmaceuticals & Biotechnology	1.72%
Torrent Pharmaceuticals Limited INE685A01028	Pharmaceuticals & Biotechnology	1.69%
Adani Ports and Special Economic Zone Limited INE742F01042	Transport Infrastructure	1.67%
Titan Company Limited INE280A01028	Consumer Durables	1.60%
Sun Pharmaceutical Industries Limited INE044A01036	Pharmaceuticals & Biotechnology	1.56%
TVS Motor Company Limited INE494B01023	Automobiles	1.53%
RBL Bank Limited INE976G01028	Banks	1.52%
Tech Mahindra Limited INE669C01036	IT - Software	1.50%
IndusInd Bank Limited INE095A01012	Banks	1.50%
Engineers India Limited INE510A01028	Construction	1.50%
Multi Commodity Exchange of India Limited INE745G01043	Capital Markets	1.46%
Dr. Lal Path Labs Limited INE600L01024	Healthcare Services	1.40%
Cochin Shipyard Limited INE704P01025	Industrial Manufacturing	1.35%
Oil & Natural Gas Corporation Limited INE213A01029	Oil	1.35%
Coforge Limited INE591G01025	IT - Software	1.34%
LG Electronics India Ltd INE324D01010	Consumer Durables	1.33%
Ujjivan Small Finance Bank Limited INE551W01018	Banks	1.32%
Cartrade Tech Limited INE290S01011	Retailing	1.29%
Neuland Laboratories Limited INE794A01010	Pharmaceuticals & Biotechnology	1.27%
Zydus Lifesciences Limited INE010B01027	Pharmaceuticals & Biotechnology	1.25%
Persistent Systems Ltd INE262H01021	IT - Software	1.22%
Acme Solar Holdings Ltd INE622W01025	Power	1.22%
Clean Max Enviro Energy Solutions Limited INE647U01026	Power	1.22%
Polycab India Limited INE455K01017	Industrial Products	1.21%
Shriram Finance Limited INE721A01047	Finance	1.18%
Carborundum Universal Limited INE120A01034	Industrial Products	1.16%
Bajaj Auto Limited INE917I01010	Automobiles	1.16%
Anthem Biosciences Limited INE0CZ201020	Pharmaceuticals & Biotechnology	1.13%
Acutaas Chemicals Limited INE00FF01025	Pharmaceuticals & Biotechnology	1.12%
NMDC Limited INE584A01023	Minerals & Mining	1.12%
Jubilant Ingrevia Limited INE0BY001018	Chemicals & Petrochemicals	1.09%
Aarti Industries Limited INE769A01020	Chemicals & Petrochemicals	1.06%
Trent Limited INE849A01020	Retailing	1.05%
Smartworks Coworking Spaces Ltd INE0NAZ01010	Commercial Services & Supplies	1.05%
Astral Limited INE006I01046	Industrial Products	1.05%
Aster DM Quality Care Limited INE914M01019	Healthcare Services	1.03%
Suzlon Energy Limited INE040H01021	Electrical Equipment	1.02%
Grasim Industries Limited INE047A01021	Cement & Cement Products	1.01%
Maruti Suzuki India Limited INE585B01010	Automobiles	1.01%
Hindustan Aeronautics Limited INE066F01020	Aerospace & Defense	0.99%
Varun Beverages Ltd INE200M01039	Beverages	0.97%
Titagarh Rail Systems Limited INE615H01020	Industrial Manufacturing	0.96%
Tata Steel Limited INE081A01020	Ferrous Metals	0.96%
InterGlobe Aviation Limited INE646L01027	Transport Services	0.92%
Vodafone Idea Limited INE669E01016	Telecom - Services	0.89%
Bandhan Bank Limited INE545U01014	Banks	0.89%
Belrise Industries Ltd. INE894V01022	Auto Components	0.85%
MTAR Technologies Limited INE864I01014	Electrical Equipment	0.83%
Adani Enterprises Limited INE423A01024	Metals & Minerals Trading	0.82%
Elgi Equipments Limited INE285A01027	Industrial Products	0.81%
Radico Khaitan Limited INE944F01028	Beverages	0.78%
Vishal Mega Mart Limited INE01EA01019	Retailing	0.77%
Doms Industries Limited INE321T01012	Household Products	0.73%
Manipal Health Enterprises Ltd INE459N01021	Healthcare Services	0.73%
Piramal Finance Limited INE202B01038	Finance	0.72%
Kirloskar Oil Engines Limited INE146L01010	Industrial Products	0.61%
Arvind Fashions Limited INE955V01021	Retailing	0.58%
Tata Capital Limited INE976I01016	Finance	0.53%
Schaeffler India Limited INE513A01022	Auto Components	0.52%
One 97 Communications Limited INE982J01020	Financial Technology (Fintech)	0.51%
K.P.R. Mill Limited INE930H01031	Textiles & Apparels	0.50%

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Debt, money market and cash 4

Holding	Sector / type	% of fund
Triparty Repo	–	2.25%
Net Receivables / (Payables)	–	0.93%
Net Receivables / (Payables)	–	0.89%
Margin placed with CCIL & ARCL	–	0.03%

From the fund house's monthly portfolio (mahindramanulife.com), as on 30 Sept 2026. Percentages are of the fund's net assets. Published about ten days after each month ends.

Risk

Volatility16.9%yearly, from daily NAVs

Worst fall-28.18%27 Sept 2024 → 31 Mar 2026

RiskometerVery HighVery High

Volatility: how much the NAV moves, as a yearly figure (higher = bumpier). Worst fall: the biggest drop from a high, in the NAV history we hold (from 31 Aug 2021).

Where it can invest (limits from the scheme document)

Equity & Equity related instruments ^

65–100%

Money Market Instruments / other liquid instruments@

0–35%

Units of mutual funds$

0–20%

Units issued by REITs & InvITs

0–10%

The ranges the fund is allowed to hold, not what it holds today.

Fund details

Fund size (average AUM, July - September 2026)	₹1,570 cr across all plans · this plan ₹7.36 cr
Fund house	Mahindra Manulife Mutual Fund
Category	Equity · Flexi Cap
Plan	Direct
Option	IDCW
Expense ratio (TER)	Direct 0.95% · Regular 2.44% (5 Nov 2026)
Exit load	1%**An Exit Load of 1% is payable if Units are redeemed / switched-out upto 3 months from the date of allotment; Nil if Units are redeemed / switched-out after 3 months from the date of allotment.
Minimum investment	₹1,000 · additional ₹1,000
Scheme code (AMFI)	149102
ISIN	INF174V01AR4
NAV date	6 Nov 2026

Scheme details from the fund's scheme summary document filed with AMFI; expense ratios from AMFI's daily filings.

Other plans of this fund

Plan	NAV	1 year
Direct · Growth	₹15.9269	-2.92%
Regular · Growth	₹17.4664	-1.41%
Regular · IDCW	₹14.0621	-8.26%

Top Flexi Cap funds (direct plans)

Fund	1 year	3 years (a year)
ITI Flexi Cap Fund	+14.79%	+20.17%
Invesco India Flexi Cap Fund	+6.51%	+18.87%
Motilal Oswal Flexi Cap Fund	+3.92%	+18.27%
HDFC Flexi Cap Fund	+4.04%	+17.88%
Bajaj Finserv Flexi Cap Fund	+6.86%	+17.66%
ICICI Prudential Flexi Cap fund	+6.30%	+17.01%
Aditya Birla Sun Life Flexi Cap Fund	+8.42%	+16.92%
Quant Flexi Cap Fund	+11.42%	+16.38%

All Flexi Cap funds ranked › · Compare with others ›

← All mutual funds

Information only, not investment advice.

What is the NAV of Mahindra Manulife Flexi Cap Fund - Direct Plan - IDCW today?

₹12.6081 as of 6 Nov 2026, from AMFI's official NAV data.

What are the returns of Mahindra Manulife Flexi Cap Fund - Direct Plan - IDCW?

1 year: -10.35%, 3 years: 1.38% a year, 5 years: 4.30% a year

What is the difference between direct and regular plans?

Both invest in the same portfolio. Direct plans are bought straight from the fund house and pay no distributor commission, so their expenses are lower and their NAV grows slightly faster.