Mahindra Manulife Mid Cap Fund
The fund maintains a defensive financial services tilt with banks representing over 15 percent of the portfolio, suggesting confidence in the sector's stability amid economic headwinds. Recent trimming of pharma and financial services positions while adding infrastructure and capital goods plays—particularly in shipping and engineering—signals a tactical rotation toward cyclical recovery themes. The modest cash buffer and concentrated top-10 holdings indicate the manager is selectively committed to conviction ideas rather than broadly diversified.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹39.8357 | — | — | — | — |
| Regular Growth | ₹34.8042 | +2.57% | +7.29% | +23.66% | +19.83% |
| Direct IDCW | ₹30.2243 | — | — | — | — |
| Regular IDCW | ₹25.5517 | — | — | — | — |
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 |
|---|---|
| Cochin Shipyard Limited | 1.09% |
| Karur Vysya Bank Limited | 1.03% |
| Container Corporation of India Limited | 1.02% |
| Garden Reach Shipbuilders & Engineers Limited | 1.00% |
| Elecon Engineering Company Limited | 0.29% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | IndusInd Bank Limited INE095A01012 | 3.10% |
| 2 | The Federal Bank Limited INE171A01029 | 2.93% |
| 3 | Glenmark Pharmaceuticals Limited INE935A01035 | 2.91% |
| 4 | Triparty Repo nan | 2.63% |
| 5 | JSW Energy Limited INE121E01018 | 2.52% |
| 6 | Nippon Life India Asset Management Limited INE298J01013 | 2.51% |
| 7 | KEI Industries Limited INE878B01027 | 2.50% |
| 8 | Bharat Heavy Electricals Limited INE257A01026 | 2.48% |
| 9 | Max Financial Services Limited INE180A01020 | 2.29% |
| 10 | AIA Engineering Limited INE212H01026 | 2.28% |
| 11 | Tube Investments Of India Limited INE974X01010 | 2.25% |
| 12 | L&T Finance Limited INE498L01015 | 2.24% |
| 13 | Blue Star Limited INE472A01039 | 2.22% |
| 14 | Bank of Maharashtra INE457A01014 | 2.20% |
| 15 | Indus Towers Limited INE121J01017 | 2.15% |
| 16 | PB Fintech Limited INE417T01026 | 2.11% |
| 17 | JK Cement Limited INE823G01014 | 2.07% |
| 18 | Indian Bank INE562A01011 | 2.07% |
| 19 | Anthem Biosciences Limited INE0CZ201020 | 2.06% |
| 20 | IDFC First Bank Limited INE092T01019 | 1.99% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Mahindra Manulife Mid Cap Fund hold?
Mahindra Manulife Mid Cap Fund holds 59 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 13.97% of NAV.
What is the largest holding in Mahindra Manulife Mid Cap Fund?
The largest position in Mahindra Manulife Mid Cap Fund is IndusInd Bank Limited, accounting for 3.10% of NAV in the Banks sector.
Is Mahindra Manulife Mid Cap Fund a concentrated or diversified fund?
With a Gini coefficient of 0.208, Mahindra Manulife Mid Cap Fund is well-diversified. The HHI concentration index is 18,064 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 13.97% of the portfolio.
What is the market cap allocation of Mahindra Manulife Mid Cap Fund?
Based on SEBI's AMFI classification, Mahindra Manulife Mid Cap Fund's equity portfolio is split as: Large Cap: 6.67%, Mid Cap: 74.16%, Small Cap: 16.03%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Mahindra Manulife Mid Cap Fund invest in most?
Mahindra Manulife Mid Cap Fund has the highest allocation to Banks (15.01%), Industrial Products (9.60%), Auto Components (9.09%). The fund is invested across 26 sectors in total.
How actively managed is Mahindra Manulife Mid Cap Fund compared to other Mid Cap Fund funds?
Mahindra Manulife Mid Cap Fund has an Active Share of 66.03%, classifying it as "Active Stock Picker" among 30 Mid Cap Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in Mahindra Manulife Mid Cap Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Mahindra Manulife Mid Cap Fund added 5 new stocks (including Cochin Shipyard Limited) and exited 4 stocks (including Oil India Limited). Total holding count increased from 60 to 61 stocks.