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. 5-year CAGR: 6.88%.

Mahindra Manulife

Mahindra Manulife Flexi Cap Fund - Direct Plan -IDCW

Latest NAV

₹13.9627

As of

17 Jul 2026

1,205 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	+0.31%	-0.75%	+1.06	23 / 105	Q1
1W	-0.08%	-1.14%	+1.06	57 / 104	Q3
2W	+0.23%	-1.11%	+1.34	44 / 104	Q2
1M	+1.19%	-0.05%	+1.24	62 / 104	Q3
3M	+1.90%	+3.22%	-1.32	69 / 103	Q3
6M	-9.28%	+4.88%	-14.16	91 / 100	Q4
YTD	-10.51%	+0.89%	-11.40	89 / 98	Q4
1Y	-8.18%	+10.06%	-18.23	77 / 88	Q4
2Y	-6.65%	+5.19%	-11.84	78 / 82	Q4
3Y	+4.12%	+9.89%	-5.77	58 / 73	Q4
4Y	+9.38%	+10.57%	-1.19	27 / 43	Q3
5Y	+6.88%	+9.11%	-2.23	22 / 36	Q3
7Y	—	—	—	—	—
10Y	—	—	—	—	—
Inception	+7.03%	+8.47%	-1.44	63 / 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	-10.51%	-1.68%	-8.83	44 / 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

+11.18%

48 windows

min -9.3% · max 40.9%

75% positive

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

3-Year rolling

+12.63%

24 windows

min 4.1% · max 17.9%

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

16.76%

3-year · annualised

Sharpe ratio

-0.06

vs risk-free 6.5%

Sortino ratio

-0.08

Downside-only deviation

Max drawdown

-25.45%

Sep 2024 → Mar 2026

% positive months

61.1%

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	₹90.9250	17 Jul 2026
Nippon India Flexi Cap Fund - Direct Plan - IDCW Option	Nippon India	₹17.9459	17 Jul 2026
SBI Flexicap Fund - Direct Plan - Income Distribution cum Capital Withdrawal Option (IDCW)	SBI	₹60.6918	17 Jul 2026
ICICI Prudential Flexicap Fund - Direct Plan - IDCW	ICICI Prudential	₹17.8600	17 Jul 2026
Invesco India Flexi Cap Fund - Direct Plan - IDCW	Invesco	₹18.4500	17 Jul 2026
BANDHAN Flexi Cap Fund-Direct Plan-IDCW	Bandhan	₹51.9180	17 Jul 2026
quant Flexi Cap Fund - IDCW Option - Direct Plan	Quant	₹83.0629	17 Jul 2026
Aditya Birla Sun Life Flexi Cap Fund -DIRECT - IDCW	Aditya Birla Sun Life	₹235.7300	17 Jul 2026
Motilal Oswal Flexi Cap Fund Direct - IDCW Payout/Reinvestment	Motilal Oswal	₹33.4858	17 Jul 2026
Franklin India Flexi Cap Fund - Direct - IDCW	Franklin India	₹69.9344	17 Jul 2026

Recent NAVs

Date	NAV
17 Jul 2026	₹13.9627
16 Jul 2026	₹13.9192
15 Jul 2026	₹13.9382
14 Jul 2026	₹13.8828
13 Jul 2026	₹13.9653
10 Jul 2026	₹13.9739
9 Jul 2026	₹13.8332
8 Jul 2026	₹13.7345
7 Jul 2026	₹13.9732
6 Jul 2026	₹14.0117

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 17 Jul 2026, the NAV of Mahindra Manulife Flexi Cap Fund - Direct Plan -IDCW is ₹13.9627. 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 10 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 -8.18% — -18.23 pp behind the Flexi Cap Fund category average of 10.06%. The fund ranks #77 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 4.12% — -5.77 pp behind the Flexi Cap Fund category average of 9.89%. The fund ranks #58 of 73 in its category — the bottom (Q4) quartile.

Over the trailing 5-year window, Mahindra Manulife Flexi Cap Fund - Direct Plan -IDCW has delivered a CAGR of 6.88% — -2.23 pp behind the Flexi Cap Fund category average of 9.11%. The fund ranks #22 of 36 in its category — the third (Q3) quartile.

₹1 lakh invested in Mahindra Manulife Flexi Cap Fund - Direct Plan -IDCW exactly 5 years ago would be worth approximately ₹139,468 today — a multiplier of 1.39×, based on the 5-year CAGR of 6.88%. The category average over the same window would have grown ₹1 lakh to ₹154,639.

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 ₹348,228 today. That's an XIRR (money-weighted annualised return) of -2.15%.

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 ₹348,228 — XIRR -2.15%.

On a 5-year basis, Mahindra Manulife Flexi Cap Fund - Direct Plan -IDCW ranks #22 out of 36 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 9.11%; this fund delivered 6.88%.

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 12.63% (best 17.91%, worst 4.12%). 100% of rolling windows ended positive. The 3-year Sharpe ratio is -0.06 — 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. 5-year CAGR: 6.88%.

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