Should I invest in Mahindra Manulife Mid Cap Fund?

We don't give personal investment advice. Mahindra Manulife 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: 25.3%. 5-year CAGR: 12.78%.

Mahindra Manulife

Mahindra Manulife Mid Cap Fund - Direct Plan - IDCW

Latest NAV

₹31.6320

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 / 31	Q2
1W	-0.80%	-0.51%	-0.28	24 / 31	Q4
2W	-0.30%	+0.60%	-0.90	30 / 31	Q4
1M	+0.10%	+1.56%	-1.46	28 / 31	Q4
3M	+6.03%	+5.71%	+0.32	15 / 31	Q2
6M	+2.87%	+5.07%	-2.20	22 / 31	Q3
YTD	+2.43%	+2.84%	-0.41	18 / 30	Q3
1Y	+3.21%	+2.58%	+0.63	13 / 30	Q2
2Y	+0.44%	+1.07%	-0.62	16 / 28	Q3
3Y	+17.35%	+15.52%	+1.84	11 / 28	Q2
4Y	+18.36%	+16.21%	+2.15	10 / 24	Q2
5Y	+12.78%	+12.80%	-0.02	12 / 21	Q3
7Y	+19.29%	+16.87%	+2.43	7 / 19	Q2
10Y	—	—	—	—	—
Inception	+15.52%	+15.15%	+0.37	17 / 31	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	+2.43%	+2.84%	-0.41	18 / 30
2025	-1.76%	-0.94%	-0.82	18 / 28
2024	+25.03%	+26.10%	-1.08	13 / 28
2023	+41.00%	+33.37%	+7.63	5 / 27
2022	-3.85%	-0.01%	-3.83	17 / 21
2021	+46.87%	+39.11%	+7.76	7 / 20
2020	+20.69%	+21.28%	-0.60	9 / 19
2019	+7.24%	-0.12%	+7.36	2 / 18
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

+19.71%

91 windows

min -12.1% · max 79.4%

73% positive

3-Year rolling

+21.64%

67 windows

min 11.5% · max 28.3%

100% positive

5-Year rolling

+20.60%

43 windows

min 10.8% · max 28.9%

100% positive

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

7-Year rolling

+17.75%

18 windows

min 15.9% · max 19.5%

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

18.26%

3-year · annualised

Sharpe ratio

0.62

vs risk-free 6.5%

Sortino ratio

0.94

Downside-only deviation

Max drawdown

-22.12%

Sep 2024 → Apr 2025

% positive months

69.4%

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 - IDCW Option - Direct Plan	HDFC	₹81.4130	17 Jul 2026
SBI Midcap Fund - Direct Plan - Income Distribution cum Capital Withdrawal Option (IDCW)	SBI	₹155.8445	17 Jul 2026
ICICI Prudential MidCap Fund - Direct Plan - IDCW	ICICI Prudential	₹70.3500	17 Jul 2026
Invesco India Midcap Fund - Direct Plan - IDCW (Payout / Reinvestment)	Invesco	₹84.0600	17 Jul 2026
BANDHAN MIDCAP FUND - IDCW - DIRECT PLAN	Bandhan	₹19.7020	17 Jul 2026
quant Mid Cap Fund - IDCW Option - Direct Plan	Quant	₹89.2853	17 Jul 2026
Aditya Birla Sun Life Midcap Fund -DIRECT - IDCW	Aditya Birla Sun Life	₹100.6900	17 Jul 2026
Motilal Oswal Midcap Fund-Direct - IDCW Payout/Reinvestment	Motilal Oswal	₹46.6684	17 Jul 2026
Franklin India Mid Cap Fund - Direct - IDCW	Franklin India	₹105.1035	17 Jul 2026
Mirae Asset Midcap Fund Direct IDCW	Mirae Asset	₹28.6980	17 Jul 2026

Recent NAVs

Date	NAV
17 Jul 2026	₹31.6320
16 Jul 2026	₹31.6533
15 Jul 2026	₹31.8427
14 Jul 2026	₹31.6850
13 Jul 2026	₹31.9208
10 Jul 2026	₹31.8864
9 Jul 2026	₹31.4701
8 Jul 2026	₹31.0796
7 Jul 2026	₹31.7963
6 Jul 2026	₹31.9103

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 - IDCW is ₹31.6320. It's a 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 Mid Cap Fund - Direct Plan - IDCW 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 - IDCW 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 - IDCW has delivered a absolute return of 3.21% — +0.63 pp ahead of the Mid Cap Fund category average of 2.58%. The fund ranks #13 of 30 in its category — the second (Q2) quartile.

Over the trailing 3-year window, Mahindra Manulife Mid Cap Fund - Direct Plan - IDCW has delivered a CAGR of 17.35% — +1.84 pp ahead of the Mid Cap Fund category average of 15.52%. The fund ranks #11 of 28 in its category — the second (Q2) quartile.

Over the trailing 5-year window, Mahindra Manulife Mid Cap Fund - Direct Plan - IDCW has delivered a CAGR of 12.78% — -0.02 pp behind the Mid Cap Fund category average of 12.80%. The fund ranks #12 of 21 in its category — the third (Q3) quartile.

₹1 lakh invested in Mahindra Manulife Mid Cap Fund - Direct Plan - IDCW exactly 5 years ago would be worth approximately ₹182,469 today — a multiplier of 1.82×, based on the 5-year CAGR of 12.78%. The category average over the same window would have grown ₹1 lakh to ₹182,629.

A ₹10,000 monthly SIP in Mahindra Manulife Mid Cap Fund - Direct Plan - IDCW over the last 5 years — total invested ₹600,000 — would be worth ₹848,405 today. That's an XIRR (money-weighted annualised return) of 13.82%.

Mahindra Manulife Mid Cap Fund - Direct Plan - IDCW doesn't yet have 10 years of NAVs. Over the longest available window (7-year SIP), ₹10,000/month would have grown to ₹1,564,038 — XIRR 17.44%.

On a 5-year basis, Mahindra Manulife Mid Cap Fund - Direct Plan - IDCW ranks #12 out of 21 funds in the Mid Cap Fund category — that places it in the third quartile (Q3) — below the median. The category average return over the same window is 12.80%; this fund delivered 12.78%.

The worst peak-to-trough decline Mahindra Manulife Mid Cap Fund - Direct Plan - IDCW has experienced over the last 5-year window is 25.28% — its NAV fell from a high on 18 Oct 2021 to a low on 20 Jun 2022. 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 - IDCW averaged 20.60% (best 28.88%, worst 10.81%). 100% of rolling windows ended positive. The 5-year Sharpe ratio is 0.39 — weak risk-adjusted performance.

In calendar year 2025, Mahindra Manulife Mid Cap Fund - Direct Plan - IDCW returned -1.76% — lagging the Mid Cap Fund category average of -0.94% by 0.82 pp. It ranked #18 of 28 in its category that year.

Mahindra Manulife 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 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: 25.3%. 5-year CAGR: 12.78%.

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 - IDCW

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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