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 | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹20.9068 | — | — | — | — |
| Regular Growth | ₹19.8101 | +2.76% | +7.37% | +23.22% | — |
| Direct IDCW | ₹20.0832 | — | — | — | — |
| Regular IDCW | ₹18.9884 | — | — | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Highly DifferentiatedActive 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 | |
|---|---|---|
| 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.
Frequently Asked Questions
How many stocks does Mahindra Manulife Small Cap Fund hold?
Mahindra Manulife Small Cap Fund holds 72 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 13.09% of NAV.
What is the largest holding in Mahindra Manulife Small Cap Fund?
The largest position in Mahindra Manulife Small Cap Fund is Triparty Repo, accounting for 4.65% of NAV in the nan sector.
Is Mahindra Manulife Small Cap Fund a concentrated or diversified fund?
With a Gini coefficient of 0.272, Mahindra Manulife Small Cap Fund is well-diversified. The HHI concentration index is 15,056 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 13.09% of the portfolio.
What is the market cap allocation of Mahindra Manulife Small Cap Fund?
Based on SEBI's AMFI classification, Mahindra Manulife Small Cap Fund's equity portfolio is split as: Large Cap: 2.87%, Mid Cap: 20.93%, Small Cap: 66.48%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Mahindra Manulife Small Cap Fund invest in most?
Mahindra Manulife Small Cap Fund has the highest allocation to Pharmaceuticals & Biotechnology (14.15%), Industrial Products (12.92%), Auto Components (9.37%). The fund is invested across 25 sectors in total.
How actively managed is Mahindra Manulife Small Cap Fund compared to other Small Cap Fund funds?
Mahindra Manulife Small Cap Fund has an Active Share of 77.70%, classifying it as "Highly Differentiated" among 31 Small Cap Fund peers. This means the fund takes significantly different stock positions compared to its category peers.
What changed in Mahindra Manulife Small Cap Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Mahindra Manulife Small Cap Fund exited 5 stocks (including IIFL Finance Limited). Total holding count decreased from 79 to 74 stocks.