Mahindra Manulife Mid Cap Fund
Mahindra Manulife Mutual Fund·Mid Cap Fund·vs Nifty Midcap 150 TRI
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 | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹39.4836 | — | — | — | — | — | — |
| Regular Growth | ₹34.4978 | +3.91% | +2.44% | +1.59% | +7.55% | +23.64% | +19.62% |
| Direct IDCW | ₹29.9572 | — | — | — | — | — | — |
| Regular IDCW | ₹25.3268 | — | — | — | — | — | — |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
59
Top 5 Weight
13.97%
Top 10 Weight
25.77%
Active Share
—
Large Cap
6.67%
Gini
0.208
What Changed2026-03-31 → 2026-04-30
Holdings: 60 → 61+5 added−4 removed34 weight shifts ≥ 0.1%
| 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
Banks15.0%
Industrial Products9.6%
Auto Components9.1%
Pharmaceuticals & Biotechnology7.6%
Finance6.2%
Electrical Equipment6.1%
Consumer Durables4.8%
Telecom - Services3.5%
nan3.1%
Beverages3.1%
Top 10 sectors by % to NAV. Excludes derivatives.