Should I invest in Mahindra Manulife Mid Cap Fund?

We don't give personal investment advice. Mahindra Manulife Mid Cap Fund - Direct Plan -Growth 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: 20.9%. 5-year CAGR: 20.22%.

Mahindra Manulife

Mahindra Manulife Mid Cap Fund - Direct Plan -Growth

Latest NAV

₹40.0850

As of

3 Jun 2026

2,048 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	-0.62%	+0.15%	-0.77	34 / 34	Q4
1W	-2.51%	-1.85%	-0.65	32 / 34	Q4
2W	+0.26%	-0.16%	+0.42	9 / 34	Q2
1M	+0.55%	+0.51%	+0.05	13 / 34	Q2
3M	+6.77%	+4.16%	+2.61	8 / 33	Q1
6M	+5.15%	+0.22%	+4.92	3 / 33	Q1
YTD	+3.69%	+0.48%	+3.21	5 / 33	Q1
1Y	+9.77%	+6.03%	+3.74	6 / 32	Q1
2Y	+7.20%	+6.85%	+0.35	16 / 31	Q3
3Y	+23.96%	+20.47%	+3.50	7 / 31	Q1
4Y	+23.16%	+19.91%	+3.25	7 / 25	Q2
5Y	+20.22%	+17.75%	+2.48	7 / 24	Q2
7Y	+22.44%	+19.64%	+2.81	4 / 22	Q1
10Y	—	—	—	—	—
Inception	+19.11%	+18.51%	+0.60	13 / 34	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	+3.69%	+0.48%	+3.21	5 / 33
2025	+2.07%	+2.51%	-0.44	19 / 31
2024	+30.14%	+29.88%	+0.26	16 / 31
2023	+49.68%	+38.88%	+10.80	1 / 30
2022	+1.96%	+4.09%	-2.13	17 / 24
2021	+51.05%	+45.26%	+5.79	6 / 23
2020	+20.68%	+24.48%	-3.79	16 / 22
2019	+7.30%	+4.55%	+2.75	6 / 21
2018	—	—	—	—

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

+22.80%

90 windows

min -19.6% · max 80.5%

80% positive

3-Year rolling

+25.77%

65 windows

min 12.9% · max 35.0%

100% positive

5-Year rolling

+25.53%

41 windows

min 14.0% · max 33.1%

100% positive

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

7-Year rolling

+21.32%

17 windows

min 18.4% · max 23.0%

100% positive

Limited basis — fund is young, so this average may be skewed by which 7Y windows happen to be available.

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

16.04%

3-year · annualised

Sharpe ratio

1.03

vs risk-free 6.5%

Sortino ratio

1.83

Downside-only deviation

Max drawdown

-20.92%

Sep 2024 → Feb 2025

% positive months

72.2%

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 Mid Cap Fund

Scheme	Fund house	NAV	As of
HDFC Mid Cap Fund - Growth Option - Direct Plan	HDFC	₹219.0770	3 Jun 2026
NIPPON INDIA GROWTH MID CAP FUND - DIRECT Plan - IDCW Option	Nippon India	₹184.7203	3 Jun 2026
SBI MIDCAP FUND - DIRECT PLAN - GROWTH	SBI	₹261.4456	3 Jun 2026
ICICI Prudential MidCap Fund - Direct Plan - Growth	ICICI Prudential	₹374.7000	3 Jun 2026
Invesco India Midcap Fund - Direct Plan - Growth Option	Invesco	₹220.3000	3 Jun 2026
BANDHAN MIDCAP FUND - GROWTH - DIRECT PLAN	Bandhan	₹18.8500	3 Jun 2026
quant Mid Cap Fund - Growth Option - Direct Plan	Quant	₹245.6593	3 Jun 2026
Aditya Birla Sun Life Midcap Fund - Growth - Direct Plan	Aditya Birla Sun Life	₹896.8300	3 Jun 2026
Motilal Oswal Midcap Fund-Direct Plan-Growth Option	Motilal Oswal	₹104.1164	3 Jun 2026
Franklin India Mid Cap Fund - Direct - Growth	Franklin India	₹3,000.7955	3 Jun 2026

Recent NAVs

Date	NAV
3 Jun 2026	₹40.0850
2 Jun 2026	₹40.3358
1 Jun 2026	₹40.1257
29 May 2026	₹40.7050
27 May 2026	₹41.1153
26 May 2026	₹40.8356
25 May 2026	₹40.7206
22 May 2026	₹40.3523
21 May 2026	₹40.1832
20 May 2026	₹39.9823

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 Mid Cap Fund - Direct Plan -Growth is ₹40.0850. It's a Mid Cap Fund from Mahindra Manulife, run as a Direct plan Growth option. NAVs update once per business day from the AMFI feed.

Mahindra Manulife Mid Cap Fund - Direct Plan -Growth has NAV history starting from 06 Feb 2018, a track record of about 8 years 3 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 Mid Cap Fund - Direct Plan -Growth is managed by Mahindra Manulife. It's classified by AMFI under the 'Mid Cap Fund' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, Mahindra Manulife Mid Cap Fund - Direct Plan -Growth has delivered a absolute return of 9.77% — +3.74 pp ahead of the Mid Cap Fund category average of 6.03%. The fund ranks #6 of 32 in its category — the top (Q1) quartile.

Over the trailing 3-year window, Mahindra Manulife Mid Cap Fund - Direct Plan -Growth has delivered a CAGR of 23.96% — +3.5 pp ahead of the Mid Cap Fund category average of 20.47%. The fund ranks #7 of 31 in its category — the top (Q1) quartile.

Over the trailing 5-year window, Mahindra Manulife Mid Cap Fund - Direct Plan -Growth has delivered a CAGR of 20.22% — +2.48 pp ahead of the Mid Cap Fund category average of 17.75%. The fund ranks #7 of 24 in its category — the second (Q2) quartile.

₹1 lakh invested in Mahindra Manulife Mid Cap Fund - Direct Plan -Growth exactly 5 years ago would be worth approximately ₹251,142 today — a multiplier of 2.51×, based on the 5-year CAGR of 20.22%. The category average over the same window would have grown ₹1 lakh to ₹226,318.

A ₹10,000 monthly SIP in Mahindra Manulife Mid Cap Fund - Direct Plan -Growth over the last 5 years — total invested ₹600,000 — would be worth ₹964,327 today. That's an XIRR (money-weighted annualised return) of 19.04%.

Mahindra Manulife Mid Cap Fund - Direct Plan -Growth doesn't yet have 10 years of NAVs. Over the longest available window (7-year SIP), ₹10,000/month would have grown to ₹1,891,839 — XIRR 22.78%.

On a 5-year basis, Mahindra Manulife Mid Cap Fund - Direct Plan -Growth ranks #7 out of 24 funds in the Mid Cap Fund category — that places it in the second quartile (Q2) — above the median. The category average return over the same window is 17.75%; this fund delivered 20.22%.

The worst peak-to-trough decline Mahindra Manulife Mid Cap Fund - Direct Plan -Growth has experienced over the last 5-year window is 20.92% — its NAV fell from a high on 24 Sep 2024 to a low on 28 Feb 2025. 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 Mid Cap Fund - Direct Plan -Growth averaged 25.53% (best 33.12%, worst 14.04%). 100% of rolling windows ended positive. The 5-year Sharpe ratio is 0.83 — reasonable risk-adjusted performance.

In calendar year 2025, Mahindra Manulife Mid Cap Fund - Direct Plan -Growth returned 2.07% — lagging the Mid Cap Fund category average of 2.51% by 0.44 pp. It ranked #19 of 31 in its category that year.

Mahindra Manulife Mid Cap Fund - Direct Plan -Growth 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 Mid Cap Fund - Direct Plan -Growth 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: 20.9%. 5-year CAGR: 20.22%.

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

Mahindra Manulife Mid Cap Fund - Direct Plan -Growth

NAV history & peer comparison

Returns matrix

Calendar-year returns

Rolling returns

SIP returns — historical "what if"

Risk profile

Peers in Mid Cap Fund

Recent NAVs

Frequently asked questions

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