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NS Wealth Research
Mahindra Manulife Multi Cap Fund
Details as per 28-Feb-2026
NSW RANK – 2
For March 2026
Category : Multi Cap Equity Scheme
Who should invest?
The Mahindra Manulife Multi-Cap fund is best suited for investors seeking automatic portfolio diversification across all market caps, as the scheme’s portfolio construction ensures mandatory equal diversification across large-, mid-, and small-cap shares listed in the Indian stock market. Investing in the fund helps build a strong foundation for the portfolio, with 25% large-cap exposure and the ability to generate additional alpha through 50% of the portfolio exposure to mid- and small-cap shares. The fund is well-suited for first-time equity investors seeking broad exposure and looking to fund long-term financial goals like retirement & child-education.
Available Options:
Growth , IDCW (Income Distribution cum Capital Withdrawal) , IDCW Reinvestment:
Latest Returns:
| 1 Year | 3 Year | 5 Year |
|---|---|---|
| 4% | 21% | 23% |
Portfolio Details
| Top Sector Holdings | Details |
|---|---|
| Financials | 28.97% |
| Materials | 14.25% |
| Industrials | 13.56% |
| Healthcare | 12.70% |
| Technology | 11.02% |
| Consumer Discretionary | 9.21% |
| Energy & Utilities | 2.90% |
| Consumer Staples | 1.39% |
| Portfolio Concentration | Details |
|---|---|
| No. of Stocks | 75 |
| Top 10 Stocks | 28.02% |
| Top 5 Stocks | 16.45% |
| Top 3 Sectors | 56.78% |
| Portfolio P/B Ratio | 3.31 |
| Portfolio P/E Ratio | 27.87 |
| Top Stock Holdings | Details |
|---|---|
| ICICI Bank | 3.80% |
| Glenmark Pharma | 3.42% |
| Indus Towers | 3.26% |
| Larsen & Toubro | 3.01% |
| Divi’s Labs | 2.96% |
| Polycab India | 2.69% |
| Ultratech Cement | 2.57% |
| MCX | 2.24% |
Frequently Asked Questions -FAQs
Is it a good idea to invest in the Mahindra Manulife Multicap Fund?
The Mahindra Manulife MultiCap fund is good or bad depending on the investor’s risk-taking capacity and risk profile. Best suited for financial goals with terms ranging from 10 to 15 years, and investors who don’t want to engage in portfolio rebalancing actively. The fund’s mandatory 1:1:1 portfolio exposure makes it easy for investors seeking stability, with an additional boost from high-momentum stocks in the mid- and small-cap space.
Can one invest in the Mahindra Manulife Multicap Cap Fund through a Direct plan?
Yes, one can invest in the Mahindra Manulife Multicap Cap Fund through a Direct plan. The scheme offers both the Direct and Regular Plan. As a Certified Investment Advisor, NS Wealth offers only fee-based mutual fund advisory services, so we consider only direct plans for advisory purposes.
What are the key risks associated with investing in the Mahindra Manulife Multi Cap Fund?
Like any other equity scheme, investing in the Mahindra Manulife Multi Cap Fund has a few risks that are common to any other equity scheme. These are the common, inherent risks associated with investing in the Indian equity market, such as market volatility stemming from macroeconomic trends, geopolitical issues, or government policy changes. On the other hand, a specific risk associated with the Mahindra Manulife Multi Cap Fund stems from the structure of the scheme’s portfolio. As the scheme is required to maintain a 50% allocation to mid- and small-cap stocks, the downside risk during market downturns would be much higher than that of a large-cap fund but lower than that of a mid-cap or small-cap fund. The best part of the fund is that it offers much greater diversification across market caps and sectors, which may reduce investment risk.
Who is the fund manager of the Mahindra Manulife Multi Cap Scheme?
The fund is currently managed by a team of two fund managers- Ms. Fatema Pacha & Mr. Vishal Jagoo, with a combined experience in equity markets of 35 years.
How does Mahindra Manulife Multi Cap Fund’s expense ratio compare to its peers?
The expense ratio of the Direct plan for the Mahindra Manulife Multi Cap fund is in the range of 0.41% to 0.53%, whereas the category average is in the range of 0.65% to 0.95%.On the other hand, for the regular plan, the expense ratio is in the range of 1.8% to 1.89%, which makes it much cheaper among the bigger AUM schemes in the category
Disclaimer
The Information in the ranking model and scheme information details is provided solely for general information and educational purposes and shall not constitute any advice or recommendation. Mutual Fund investments are subject to market risks. Please read all scheme-related documents carefully before investing. Past performance is not an indicator of future returns.
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