Should I invest in Mahindra Manulife Large & Mid Cap Fund?

We don't give personal investment advice. Mahindra Manulife Large & Mid 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. Worst 5-year drawdown: 24.3%. 5-year CAGR: 7.60%.

Mahindra Manulife

Mahindra Manulife Large & Mid Cap Fund - Direct Plan - IDCW

Latest NAV

₹22.2928

As of

17 Jul 2026

1,614 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	+0.19%	+0.15%	+0.03	18 / 36	Q2
1W	-0.19%	-0.20%	+0.01	19 / 36	Q3
2W	+1.09%	+0.24%	+0.85	2 / 36	Q1
1M	+2.53%	+1.73%	+0.79	9 / 36	Q1
3M	+4.24%	+3.75%	+0.48	13 / 36	Q2
6M	-5.46%	+0.56%	-6.02	30 / 36	Q4
YTD	-5.77%	-1.67%	-4.10	28 / 36	Q4
1Y	-6.02%	-0.06%	-5.96	32 / 36	Q4
2Y	-4.37%	-0.46%	-3.92	29 / 34	Q4
3Y	+7.99%	+11.48%	-3.50	23 / 31	Q3
4Y	+9.99%	+13.30%	-3.31	25 / 31	Q4
5Y	+7.60%	+10.82%	-3.23	24 / 31	Q4
7Y	—	—	—	—	—
10Y	—	—	—	—	—
Inception	+13.00%	+10.89%	+2.11	13 / 36	Q2

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	-5.77%	-1.67%	-4.10	28 / 36
2025	-1.71%	+1.18%	-2.89	25 / 35
2024	+12.48%	+19.71%	-7.23	29 / 31
2023	+25.90%	+26.16%	-0.26	18 / 31
2022	-2.23%	+0.59%	-2.82	22 / 31
2021	+42.82%	+33.41%	+9.42	5 / 31
2020	+18.82%	+14.39%	+4.43	7 / 30

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

+19.56%

68 windows

min -10.6% · max 73.1%

66% positive

3-Year rolling

+15.81%

44 windows

min 8.0% · max 27.1%

100% positive

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

5-Year rolling

+15.62%

19 windows

min 7.6% · max 23.5%

100% positive

Limited basis — fund is young, so this average may be skewed by which 5Y windows happen to be available.

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

17.66%

3-year · annualised

Sharpe ratio

0.16

vs risk-free 6.5%

Sortino ratio

0.21

Downside-only deviation

Max drawdown

-24.33%

Sep 2024 → Mar 2026

% positive months

66.7%

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 Large & Mid Cap Fund

Scheme	Fund house	NAV	As of
HDFC Large and Mid Cap Fund - IDCW Option - Direct Plan	HDFC	₹47.7870	17 Jul 2026
NIPPON INDIA VISION LARGE & MID CAP FUND - DIRECT Plan - IDCW Option	Nippon India	₹70.7641	17 Jul 2026
SBI Large & Midcap Fund - Direct Plan - Income Distribution cum Capital Withdrawal Option (IDCW)	SBI	₹373.6439	17 Jul 2026
ICICI Prudential Large & Mid Cap Fund - Direct Plan - IDCW	ICICI Prudential	₹54.4600	17 Jul 2026
Invesco India Large & Mid Cap Fund - Direct Plan - IDCW (Payout / Reinvestment)	Invesco	₹55.8900	17 Jul 2026
Bandhan Large & Mid Cap Fund - Direct Plan - IDCW	Bandhan	₹36.7850	17 Jul 2026
quant Large & Mid Cap Fund - IDCW Option - Direct Plan	Quant	₹64.5206	17 Jul 2026
Aditya Birla Sun Life Large & Mid Cap Fund -Direct - IDCW	Aditya Birla Sun Life	₹210.4900	17 Jul 2026
Motilal Oswal Large and Midcap Fund Direct - IDCW Payout/Reinvestment	Motilal Oswal	₹27.8134	17 Jul 2026
Franklin India Large & Mid cap Fund - Direct - IDCW	Franklin India	₹22.8896	17 Jul 2026

Recent NAVs

Date	NAV
17 Jul 2026	₹22.2928
16 Jul 2026	₹22.2511
15 Jul 2026	₹22.3568
14 Jul 2026	₹22.2397
13 Jul 2026	₹22.3523
10 Jul 2026	₹22.3344
9 Jul 2026	₹22.0425
8 Jul 2026	₹21.8355
7 Jul 2026	₹22.1669
6 Jul 2026	₹22.2213

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 Large & Mid Cap Fund - Direct Plan - IDCW is ₹22.2928. It's a Large & Mid 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 Large & Mid Cap Fund - Direct Plan - IDCW has NAV history starting from 01 Jan 2020, a track record of about 6 years 6 months. That's enough history to evaluate the fund across one or two market cycles. Look at rolling returns rather than point-to-point to judge consistency.

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

Over the trailing 1-year window, Mahindra Manulife Large & Mid Cap Fund - Direct Plan - IDCW has delivered a absolute return of -6.02% — -5.96 pp behind the Large & Mid Cap Fund category average of -0.06%. The fund ranks #32 of 36 in its category — the bottom (Q4) quartile.

Over the trailing 3-year window, Mahindra Manulife Large & Mid Cap Fund - Direct Plan - IDCW has delivered a CAGR of 7.99% — -3.5 pp behind the Large & Mid Cap Fund category average of 11.48%. The fund ranks #23 of 31 in its category — the third (Q3) quartile.

Over the trailing 5-year window, Mahindra Manulife Large & Mid Cap Fund - Direct Plan - IDCW has delivered a CAGR of 7.60% — -3.23 pp behind the Large & Mid Cap Fund category average of 10.82%. The fund ranks #24 of 31 in its category — the bottom (Q4) quartile.

₹1 lakh invested in Mahindra Manulife Large & Mid Cap Fund - Direct Plan - IDCW exactly 5 years ago would be worth approximately ₹144,200 today — a multiplier of 1.44×, based on the 5-year CAGR of 7.60%. The category average over the same window would have grown ₹1 lakh to ₹167,152.

A ₹10,000 monthly SIP in Mahindra Manulife Large & Mid Cap Fund - Direct Plan - IDCW over the last 5 years — total invested ₹600,000 — would be worth ₹694,103 today. That's an XIRR (money-weighted annualised return) of 5.76%.

Mahindra Manulife Large & Mid Cap Fund - Direct Plan - IDCW doesn't yet have 10 years of NAVs. Over the longest available window (5-year SIP), ₹10,000/month would have grown to ₹694,103 — XIRR 5.76%.

On a 5-year basis, Mahindra Manulife Large & Mid Cap Fund - Direct Plan - IDCW ranks #24 out of 31 funds in the Large & Mid Cap Fund category — that places it in the bottom quartile (Q4) — material underperformance. The category average return over the same window is 10.82%; this fund delivered 7.60%.

The worst peak-to-trough decline Mahindra Manulife Large & Mid Cap Fund - Direct Plan - IDCW has experienced over the last 5-year window is 24.33% — its NAV fell from a high on 27 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 5-year rolling windows, Mahindra Manulife Large & Mid Cap Fund - Direct Plan - IDCW averaged 15.62% (best 23.54%, worst 7.60%). 100% of rolling windows ended positive. The 5-year Sharpe ratio is 0.13 — weak risk-adjusted performance.

In calendar year 2025, Mahindra Manulife Large & Mid Cap Fund - Direct Plan - IDCW returned -1.71% — lagging the Large & Mid Cap Fund category average of 1.18% by 2.89 pp. It ranked #25 of 35 in its category that year.

Mahindra Manulife Large & Mid 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 Large & Mid 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. Worst 5-year drawdown: 24.3%. 5-year CAGR: 7.60%.

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