Should I invest in Mahindra Manulife Flexi Cap Fund?

We don't give personal investment advice. Mahindra Manulife Flexi Cap Fund - Direct Plan -IDCW is suitable for an investor whose:time horizon is **5+ years** — equity funds can drop 30-50% in bad years; horizons under 5 years materially raise the risk of selling at a lossrisk tolerance accepts seeing the portfolio fall sharply without panic-sellinggoal isn't capital preservation in the short termCross-check the numbers above against alternatives before deciding.

Mahindra Manulife

Mahindra Manulife Flexi Cap Fund - Direct Plan -IDCW

Latest NAV

₹13.4037

As of

3 Jun 2026

1,174 NAV records on file

NAV history & peer comparison

All NAVs split-adjusted and normalised to 100 at the start of the selected period, so funds with very different absolute NAV scales can be compared on one axis.

Period

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Returns matrix

Fund return alongside the category average and peer rank for every standard window. Returns under one year are absolute; one year and longer are compound annualised (CAGR).

Window	Fund	Category avg	+/− vs avg	Rank	Quartile
1D	-0.18%	-0.75%	+0.57	96 / 105	Q4
1W	-1.84%	-1.81%	-0.03	83 / 104	Q4
2W	-0.58%	-1.11%	+0.53	78 / 104	Q3
1M	-2.14%	-1.16%	-0.97	89 / 104	Q4
3M	-8.38%	+1.00%	-9.38	91 / 103	Q4
6M	-13.80%	+1.92%	-15.72	88 / 100	Q4
YTD	-14.09%	-1.23%	-12.86	88 / 98	Q4
1Y	-8.67%	+9.43%	-18.11	76 / 88	Q4
2Y	-4.83%	+5.85%	-10.68	74 / 82	Q4
3Y	+5.15%	+10.05%	-4.90	53 / 71	Q3
4Y	+8.29%	+9.63%	-1.34	27 / 39	Q3
5Y	—	—	—	—	—
7Y	—	—	—	—	—
10Y	—	—	—	—	—
Inception	+6.30%	+8.04%	-1.74	62 / 105	Q3

Quartile legend: Q1 top 25% Q2 25-50% Q3 50-75% Q4 bottom 25%

Calendar-year returns

Full-year performance vs category average. Current year is partial (year-to-date).

Year	Fund	Category avg	+/− vs avg	Rank
2026 YTD	-14.09%	-6.20%	-7.89	41 / 46
2025	+0.26%	+1.97%	-1.71	30 / 43
2024	+8.40%	+18.83%	-10.43	40 / 42
2023	+32.82%	+26.32%	+6.50	6 / 36
2022	+3.48%	-2.27%	+5.75	8 / 36
2021	—	—	—	—

Rolling returns

Removes start-date bias by averaging CAGR over every overlapping N-year window in the fund's history. Higher average plus tight min/max plus high "% positive" = consistent.

1-Year rolling

+11.24%

47 windows

min -8.7% · max 38.2%

77% positive

Limited basis — fund is young, so this average may be skewed by which 1Y windows happen to be available.

3-Year rolling

+12.66%

22 windows

min 5.1% · max 17.5%

100% positive

Limited basis — fund is young, so this average may be skewed by which 3Y windows happen to be available.

5-Year rolling

—

Insufficient history

7-Year rolling

—

Insufficient history

SIP returns — historical "what if"

If you had invested every month in this fund over the chosen period, this is what your investment would be worth today.

Period

Total invested

₹ —

Today's value

₹ —

XIRR

Annualised

Wealth multiplier

Period	Total invested	Today's value	XIRR	Wealth multiplier

XIRR is the annualised internal rate of return on the SIP cash flow — invariant to the monthly amount. "Today's value" and "Total invested" scale linearly with the slider. Past performance does not guarantee future returns. Excludes exit load and taxes.

Risk profile

Risk-adjusted return and volatility, computed from monthly NAV returns over the trailing 3-year and 5-year windows.

Std deviation

15.10%

3-year · annualised

Sharpe ratio

-0.01

vs risk-free 6.5%

Sortino ratio

-0.01

Downside-only deviation

Max drawdown

-25.45%

Sep 2024 → Mar 2026

% positive months

63.9%

Share of monthly returns > 0 over the 3-year window

Sharpe / Sortino use a risk-free rate of 6.5% (1-year T-bill proxy). Higher Sharpe = more return per unit of total risk; higher Sortino = more return per unit of downside risk.

Peers in Flexi Cap Fund

Scheme	Fund house	NAV	As of
HDFC Flexi Cap Fund - IDCW Option - Direct Plan	HDFC	₹85.5390	3 Jun 2026
Nippon India Flexi Cap Fund - Direct Plan - IDCW Option	Nippon India	₹17.0211	3 Jun 2026
SBI Flexicap Fund - Direct Plan - Income Distribution cum Capital Withdrawal Option (IDCW)	SBI	₹58.6919	2 Jun 2026
ICICI Prudential Flexicap Fund - Direct Plan - IDCW	ICICI Prudential	₹16.7500	3 Jun 2026
Invesco India Flexi Cap Fund - Direct Plan - IDCW	Invesco	₹17.0200	3 Jun 2026
BANDHAN Flexi Cap Fund-Direct Plan-IDCW	Bandhan	₹49.6510	3 Jun 2026
quant Flexi Cap Fund - IDCW Option - Direct Plan	Quant	₹80.8500	3 Jun 2026
Aditya Birla Sun Life Flexi Cap Fund -DIRECT - IDCW	Aditya Birla Sun Life	₹224.7300	3 Jun 2026
Motilal Oswal Flexi Cap Fund Direct - IDCW Payout/Reinvestment	Motilal Oswal	₹31.2807	3 Jun 2026
Franklin India Flexi Cap Fund - Direct - IDCW	Franklin India	₹66.6106	3 Jun 2026

Recent NAVs

Date	NAV
3 Jun 2026	₹13.4037
2 Jun 2026	₹13.4279
1 Jun 2026	₹13.3618
29 May 2026	₹13.4762
27 May 2026	₹13.6547
26 May 2026	₹13.6425
25 May 2026	₹13.6683
22 May 2026	₹13.5094
21 May 2026	₹13.4927
20 May 2026	₹13.4821

Frequently asked questions

These answers are generated from this fund's live metrics — NAV, returns, peer rank, drawdown, SIP backtest. Numbers refresh nightly after AMFI's NAV feed lands.

As of 03 Jun 2026, the NAV of Mahindra Manulife Flexi Cap Fund - Direct Plan -IDCW is ₹13.4037. It's a Flexi Cap Fund from Mahindra Manulife, run as a Direct plan IDCW (dividend) option. NAVs update once per business day from the AMFI feed.

Mahindra Manulife Flexi Cap Fund - Direct Plan -IDCW has NAV history starting from 25 Aug 2021, a track record of about 4 years 9 months. It's a relatively new scheme. With under 5 years of NAVs, peer comparison is the best yardstick — point-to-point returns can be skewed by entry timing.

Mahindra Manulife Flexi Cap Fund - Direct Plan -IDCW is managed by Mahindra Manulife. It's classified by AMFI under the 'Flexi Cap Fund' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, Mahindra Manulife Flexi Cap Fund - Direct Plan -IDCW has delivered a absolute return of -8.67% — -18.11 pp behind the Flexi Cap Fund category average of 9.43%. The fund ranks #76 of 88 in its category — the bottom (Q4) quartile.

Over the trailing 3-year window, Mahindra Manulife Flexi Cap Fund - Direct Plan -IDCW has delivered a CAGR of 5.15% — -4.9 pp behind the Flexi Cap Fund category average of 10.05%. The fund ranks #53 of 71 in its category — the third (Q3) quartile.

Mahindra Manulife Flexi Cap Fund - Direct Plan -IDCW doesn't have a complete 5-year window yet (we need at least 5 year of NAVs). Check the shorter-window returns above.

₹1 lakh invested in Mahindra Manulife Flexi Cap Fund - Direct Plan -IDCW exactly 3 years ago would be worth approximately ₹116,254 today — a multiplier of 1.16×, based on the 3-year CAGR of 5.15%. The category average over the same window would have grown ₹1 lakh to ₹133,288.

A ₹10,000 monthly SIP in Mahindra Manulife Flexi Cap Fund - Direct Plan -IDCW over the last 3 years — total invested ₹360,000 — would be worth ₹335,862 today. That's an XIRR (money-weighted annualised return) of -4.45%.

Mahindra Manulife Flexi Cap Fund - Direct Plan -IDCW doesn't yet have 10 years of NAVs. Over the longest available window (3-year SIP), ₹10,000/month would have grown to ₹335,862 — XIRR -4.45%.

On a 3-year basis, Mahindra Manulife Flexi Cap Fund - Direct Plan -IDCW ranks #53 out of 71 funds in the Flexi Cap Fund category — that places it in the third quartile (Q3) — below the median. The category average return over the same window is 10.05%; this fund delivered 5.15%.

The worst peak-to-trough decline Mahindra Manulife Flexi Cap Fund - Direct Plan -IDCW has experienced over the last 3-year window is 25.45% — its NAV fell from a high on 24 Sep 2024 to a low on 31 Mar 2026. Drawdown is a useful gauge of how much short-term pain you'd have endured to capture the long-term return.

Across all 3-year rolling windows, Mahindra Manulife Flexi Cap Fund - Direct Plan -IDCW averaged 12.66% (best 17.45%, worst 5.15%). 100% of rolling windows ended positive. The 3-year Sharpe ratio is -0.01 — negative risk-adjusted performance.

In calendar year 2025, Mahindra Manulife Flexi Cap Fund - Direct Plan -IDCW returned 0.26% — lagging the Flexi Cap Fund category average of 1.97% by 1.71 pp. It ranked #30 of 43 in its category that year.

Mahindra Manulife Flexi Cap Fund - Direct Plan -IDCW is classified as an Equity fund (at least 65% equity exposure). Tax rules (post Budget 2024): if you hold 12 months or more, gains are Long-Term and taxed at 12.5% on the amount exceeding ₹1.25 lakh per financial year. Held for under 12 months, gains are Short-Term and taxed at 20%. The ₹1.25 L exemption is per PAN per FY across all equity LTCG.

We don't give personal investment advice. Mahindra Manulife Flexi Cap Fund - Direct Plan -IDCW is suitable for an investor whose:

time horizon is **5+ years** — equity funds can drop 30-50% in bad years; horizons under 5 years materially raise the risk of selling at a loss
risk tolerance accepts seeing the portfolio fall sharply without panic-selling
goal isn't capital preservation in the short term

Cross-check the numbers above against alternatives before deciding.

Educational content only — not investment advice. Tax rules summarised above reflect Budget 2024; consult a qualified adviser before transacting.