Mahindra Manulife Large & Mid Cap Fund
The fund maintains a defensive banking-heavy tilt at 20% with balanced pharmaceutical and IT exposure, positioning for steady dividend flows in uncertain markets. Recent portfolio churn—swapping cyclicals like JSW Steel for infrastructure and fintech plays—signals the manager is rotating toward quality compounders while trimming commodity and IT concentration. The modest cash buffer and 68-stock spread suggest conviction in selective stock-picking over broad market bets.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹29.2560 | — | — | — | — |
| Regular Growth | ₹26.2363 | -0.24% | +0.15% | +14.93% | +14.35% |
| Direct IDCW | ₹21.1913 | — | — | — | — |
| Regular IDCW | ₹18.4703 | — | — | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Active Stock PickerActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Jindal Steel Limited | 2.13% |
| Aditya Birla Capital Limited | 1.36% |
| Delhivery Limited | 1.25% |
| Black Buck Ltd | 0.89% |
| PB Fintech Limited | 0.79% |
| L&T Finance Limited | 0.77% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | ICICI Bank Limited INE090A01021 | 3.57% |
| 2 | State Bank of India INE062A01020 | 3.05% |
| 3 | HDFC Bank Limited INE040A01034 | 3.04% |
| 4 | Triparty Repo nan | 2.90% |
| 5 | Glenmark Pharmaceuticals Limited INE935A01035 | 2.85% |
| 6 | Reliance Industries Limited INE002A01018 | 2.74% |
| 7 | IndusInd Bank Limited INE095A01012 | 2.65% |
| 8 | The Federal Bank Limited INE171A01029 | 2.55% |
| 9 | Indus Towers Limited INE121J01017 | 2.47% |
| 10 | Eternal Limited INE758T01015 | 2.15% |
| 11 | Jindal Steel Limited INE749A01030 | 2.13% |
| 12 | Divi's Laboratories Limited INE361B01024 | 2.10% |
| 13 | Axis Bank Limited INE238A01034 | 2.08% |
| 14 | UltraTech Cement Limited INE481G01011 | 2.02% |
| 15 | Bharat Heavy Electricals Limited INE257A01026 | 1.97% |
| 16 | Larsen & Toubro Limited INE018A01030 | 1.87% |
| 17 | IDFC First Bank Limited INE092T01019 | 1.84% |
| 18 | Senores Pharmaceuticals Limited INE0RB801010 | 1.81% |
| 19 | JSW Energy Limited INE121E01018 | 1.77% |
| 20 | Mahindra & Mahindra Limited INE101A01026 | 1.68% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Mahindra Manulife Large & Mid Cap Fund hold?
Mahindra Manulife Large & Mid Cap Fund holds 66 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 15.25% of NAV.
What is the largest holding in Mahindra Manulife Large & Mid Cap Fund?
The largest position in Mahindra Manulife Large & Mid Cap Fund is ICICI Bank Limited, accounting for 3.57% of NAV in the Banks sector.
Is Mahindra Manulife Large & Mid Cap Fund a concentrated or diversified fund?
With a Gini coefficient of 0.246, Mahindra Manulife Large & Mid Cap Fund is well-diversified. The HHI concentration index is 16,935 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 15.25% of the portfolio.
What is the market cap allocation of Mahindra Manulife Large & Mid Cap Fund?
Based on SEBI's AMFI classification, Mahindra Manulife Large & Mid Cap Fund's equity portfolio is split as: Large Cap: 46.61%, Mid Cap: 39.57%, Small Cap: 8.79%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Mahindra Manulife Large & Mid Cap Fund invest in most?
Mahindra Manulife Large & Mid Cap Fund has the highest allocation to Banks (20.21%), Pharmaceuticals & Biotechnology (10.55%), Finance (6.14%). The fund is invested across 28 sectors in total.
How actively managed is Mahindra Manulife Large & Mid Cap Fund compared to other Large & Mid Cap Fund funds?
Mahindra Manulife Large & Mid Cap Fund has an Active Share of 57.59%, classifying it as "Active Stock Picker" among 33 Large & Mid Cap Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in Mahindra Manulife Large & Mid Cap Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Mahindra Manulife Large & Mid Cap Fund added 6 new stocks (including Jindal Steel Limited) and exited 5 stocks (including JSW Steel Limited). Total holding count increased from 67 to 68 stocks.