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: 19.19%.

Mahindra Manulife

Mahindra Manulife Mid Cap Fund - Direct Plan -Growth

Latest NAV

₹41.6910

As of

17 Jul 2026

2,079 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	-0.07%	-0.23%	+0.16	10 / 34	Q2
1W	-0.80%	-0.54%	-0.26	24 / 34	Q3
2W	-0.30%	+0.58%	-0.88	34 / 34	Q4
1M	+0.10%	+1.91%	-1.81	33 / 34	Q4
3M	+6.03%	+6.18%	-0.15	16 / 34	Q2
6M	+8.30%	+7.27%	+1.03	13 / 33	Q2
YTD	+7.84%	+5.24%	+2.61	8 / 33	Q1
1Y	+8.66%	+6.21%	+2.46	10 / 33	Q2
2Y	+5.05%	+4.78%	+0.27	17 / 31	Q3
3Y	+22.54%	+19.66%	+2.88	8 / 31	Q2
4Y	+24.10%	+20.58%	+3.52	2 / 27	Q1
5Y	+19.19%	+17.15%	+2.04	7 / 24	Q2
7Y	+24.09%	+21.56%	+2.53	5 / 22	Q1
10Y	—	—	—	—	—
Inception	+19.36%	+19.25%	+0.12	14 / 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	+7.84%	+5.24%	+2.61	8 / 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

+23.58%

91 windows

min -12.0% · max 84.1%

82% positive

3-Year rolling

+26.25%

67 windows

min 11.5% · max 34.7%

100% positive

5-Year rolling

+25.37%

43 windows

min 14.1% · max 34.8%

100% positive

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

7-Year rolling

+21.81%

18 windows

min 19.2% · max 24.1%

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

16.50%

3-year · annualised

Sharpe ratio

0.93

vs risk-free 6.5%

Sortino ratio

1.57

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	₹229.2790	17 Jul 2026
NIPPON INDIA GROWTH MID CAP FUND - DIRECT Plan - IDCW Option	Nippon India	₹191.8428	17 Jul 2026
SBI MIDCAP FUND - DIRECT PLAN - GROWTH	SBI	₹274.8819	17 Jul 2026
ICICI Prudential MidCap Fund - Direct Plan - Growth	ICICI Prudential	₹379.8000	17 Jul 2026
Invesco India Midcap Fund - Direct Plan - Growth Option	Invesco	₹240.7600	17 Jul 2026
BANDHAN MIDCAP FUND - GROWTH - DIRECT PLAN	Bandhan	₹19.7200	17 Jul 2026
quant Mid Cap Fund - Growth Option - Direct Plan	Quant	₹254.1999	17 Jul 2026
Aditya Birla Sun Life Midcap Fund - Growth - Direct Plan	Aditya Birla Sun Life	₹943.0600	17 Jul 2026
Motilal Oswal Midcap Fund-Direct Plan-Growth Option	Motilal Oswal	₹114.4178	17 Jul 2026
Franklin India Mid Cap Fund - Direct - Growth	Franklin India	₹3,195.9391	17 Jul 2026

Recent NAVs

Date	NAV
17 Jul 2026	₹41.6910
16 Jul 2026	₹41.7191
15 Jul 2026	₹41.9687
14 Jul 2026	₹41.7608
13 Jul 2026	₹42.0717
10 Jul 2026	₹42.0263
9 Jul 2026	₹41.4777
8 Jul 2026	₹40.9629
7 Jul 2026	₹41.9076
6 Jul 2026	₹42.0578

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 Mid Cap Fund - Direct Plan -Growth is ₹41.6910. 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 5 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 8.66% — +2.46 pp ahead of the Mid Cap Fund category average of 6.21%. The fund ranks #10 of 33 in its category — the second (Q2) quartile.

Over the trailing 3-year window, Mahindra Manulife Mid Cap Fund - Direct Plan -Growth has delivered a CAGR of 22.54% — +2.88 pp ahead of the Mid Cap Fund category average of 19.66%. The fund ranks #8 of 31 in its category — the second (Q2) quartile.

Over the trailing 5-year window, Mahindra Manulife Mid Cap Fund - Direct Plan -Growth has delivered a CAGR of 19.19% — +2.04 pp ahead of the Mid Cap Fund category average of 17.15%. 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 ₹240,506 today — a multiplier of 2.41×, based on the 5-year CAGR of 19.19%. The category average over the same window would have grown ₹1 lakh to ₹220,642.

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 ₹982,098 today. That's an XIRR (money-weighted annualised return) of 19.80%.

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 ₹1,925,312 — XIRR 23.29%.

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 17.15%; this fund delivered 19.19%.

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 25.37% (best 34.81%, worst 14.12%). 100% of rolling windows ended positive. The 5-year Sharpe ratio is 0.72 — 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: 19.19%.

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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