Mahindra Manulife Multi Cap Fund
Mahindra Manulife Mutual Fund·Multi Cap Fund·vs Nifty 500 Multicap 50:25:25 TRI
The fund maintains a quality-biased stance with meaningful overweight to pharmaceuticals and financial services, signaling conviction in resilient sectors. The recent churn—exiting high-beta financials like Bajaj Finserv while adding Adani Enterprises and Aditya Birla Capital—suggests a tactical shift toward large-cap stability within the multi-cap mandate. The tight top-10 concentration at 25.4% reflects disciplined stock-picking rather than index-hugging, though the manager appears moderately cautious with minimal cash deployment.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹42.3257 | — | — | — | — | — | — |
| Regular Growth | ₹36.0726 | +3.49% | +0.71% | -0.82% | +6.84% | +19.82% | +17.42% |
| Direct IDCW | ₹30.2914 | — | — | — | — | — | — |
| Regular IDCW | ₹24.6052 | — | — | — | — | — | — |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
82
Top 5 Weight
14.68%
Top 10 Weight
25.45%
Active Share
—
Large Cap
36.75%
Gini
0.311
What Changed2026-03-31 → 2026-04-30
Holdings: 81 → 84+9 added−6 removed34 weight shifts ≥ 0.1%
| Stock | Weight |
|---|---|
| Adani Enterprises Limited | 2.39% |
| Aditya Birla Capital Limited | 2.10% |
| Godfrey Phillips India Limited | 1.05% |
| Max Financial Services Limited | 0.74% |
| Avenue Supermarts Limited | 0.53% |
| Vedanta Iron And Steel Limited | 0.34% |
| Malco Energy Limited | 0.34% |
| Talwandi Sabo Power Limited | 0.34% |
| Vedanta Aluminium Metal Limited | 0.34% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Glenmark Pharmaceuticals Limited INE935A01035 | 3.70% |
| 2 | Larsen & Toubro Limited INE018A01030 | 3.28% |
| 3 | Divi's Laboratories Limited INE361B01024 | 2.88% |
| 4 | Polycab India Limited INE455K01017 | 2.43% |
| 5 | Adani Enterprises Limited INE423A01024 | 2.39% |
| 6 | BSE Limited INE118H01025 | 2.26% |
| 7 | UltraTech Cement Limited INE481G01011 | 2.25% |
| 8 | Neuland Laboratories Limited INE794A01010 | 2.18% |
| 9 | Aditya Birla Capital Limited INE674K01013 | 2.10% |
| 10 | Nippon Life India Asset Management Limited INE298J01013 | 1.98% |
| 11 | APL Apollo Tubes Limited INE702C01027 | 1.92% |
| 12 | State Bank of India INE062A01020 | 1.91% |
| 13 | Laurus Labs Limited INE947Q01028 | 1.88% |
| 14 | Voltamp Transformers Limited INE540H01012 | 1.85% |
| 15 | Bandhan Bank Limited INE545U01014 | 1.84% |
| 16 | Shriram Finance Limited INE721A01047 | 1.83% |
| 17 | Bajaj Auto Limited INE917I01010 | 1.75% |
| 18 | Angel One Limited INE732I01021 | 1.72% |
| 19 | Aarti Industries Limited INE769A01020 | 1.70% |
| 20 | ICICI Bank Limited INE090A01021 | 1.67% |
Sector Allocation
Pharmaceuticals & Biotechnology12.0%
Banks9.9%
Industrial Products9.4%
Capital Markets7.3%
Finance6.7%
Cement & Cement Products5.2%
IT - Software4.8%
Automobiles4.5%
Consumer Durables3.6%
Chemicals & Petrochemicals3.3%
Top 10 sectors by % to NAV. Excludes derivatives.