Mahindra Manulife Small Cap Fund
The fund is positioned for steady value creation through a balanced small-cap portfolio with meaningful exposure to pharmaceuticals, industrials, and auto components—sectors offering both growth and defensive qualities. The manager's recent exit from IT and financial services roles, coupled with increased conviction in Aditya Birla Capital, signals a pivot away from cyclical financial plays toward capital-light, cash-generative businesses. The 6.5% cash buffer and measured top-10 concentration of 27% suggest a disciplined, opportunistic stance rather than aggressive risk-taking.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹20.8367 | — | — | — | — | — | — |
| Regular Growth | ₹19.7443 | +4.97% | +5.90% | -0.25% | +8.21% | +23.37% | — |
| Direct IDCW | ₹20.0158 | — | — | — | — | — | — |
| Regular IDCW | ₹18.9254 | — | — | — | — | — | — |
Portfolio Metrics(latest month)
What Changed2026-03-31 → 2026-04-30
| Stock | Weight | |
|---|---|---|
| No new entries this month | ||
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Triparty Repo nan | 4.65% |
| 2 | Glenmark Pharmaceuticals Limited INE935A01035 | 2.80% |
| 3 | Jindal Saw Ltd INE324A01032 | 2.80% |
| 4 | Welspun Corp Limited INE191B01025 | 2.58% |
| 5 | Voltamp Transformers Limited INE540H01012 | 2.46% |
| 6 | Supreme Petrochem Limited INE663A01033 | 2.45% |
| 7 | Angel One Limited INE732I01021 | 2.34% |
| 8 | Neuland Laboratories Limited INE794A01010 | 2.31% |
| 9 | Arvind Limited INE034A01011 | 2.29% |
| 10 | Usha Martin Limited INE228A01035 | 2.21% |
| 11 | Aditya Birla Capital Limited INE674K01013 | 2.18% |
| 12 | Ujjivan Small Finance Bank Limited INE551W01018 | 2.11% |
| 13 | The Ramco Cements Limited INE331A01037 | 2.07% |
| 14 | VA Tech Wabag Limited INE956G01038 | 2.03% |
| 15 | Shriram Pistons & Rings Limited INE526E01018 | 1.99% |
| 16 | Divi's Laboratories Limited INE361B01024 | 1.97% |
| 17 | JSW Energy Limited INE121E01018 | 1.95% |
| 18 | ZF Commercial Vehicle Control Systems India Limited INE342J01019 | 1.87% |
| 19 | Net Receivables / (Payables) nan | 1.86% |
| 20 | Manappuram Finance Limited INE522D01027 | 1.78% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.