Should I invest in Mahindra Manulife Multi Cap Fund?

We don't give personal investment advice. Mahindra Manulife Multi 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: 20.6%. 5-year CAGR: 17.69%.

Mahindra Manulife

Mahindra Manulife Multi Cap Fund - Direct Plan -Growth

Latest NAV

₹42.8624

As of

3 Jun 2026

2,228 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%	+0.24%	-0.55	32 / 34	Q4
1W	-1.67%	-1.48%	-0.19	18 / 34	Q3
2W	+0.51%	+0.35%	+0.16	12 / 34	Q2
1M	+0.06%	-0.08%	+0.14	16 / 34	Q2
3M	+5.52%	+2.78%	+2.74	5 / 34	Q1
6M	+2.40%	-1.80%	+4.20	6 / 34	Q1
YTD	+1.55%	-1.68%	+3.23	6 / 34	Q1
1Y	+8.10%	+2.90%	+5.20	5 / 34	Q1
2Y	+6.31%	+5.03%	+1.28	10 / 28	Q2
3Y	+20.21%	+17.07%	+3.14	5 / 22	Q1
4Y	+19.02%	+17.21%	+1.80	7 / 16	Q2
5Y	+17.69%	+16.21%	+1.49	3 / 9	Q2
7Y	+20.40%	+17.43%	+2.96	2 / 8	Q1
10Y	—	—	—	—	—
Inception	+17.43%	+13.01%	+4.42	7 / 34	Q1

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	+1.55%	-1.68%	+3.23	6 / 34
2025	+4.15%	+2.81%	+1.34	15 / 31
2024	+24.22%	+24.46%	-0.24	12 / 25
2023	+37.21%	+33.82%	+3.39	7 / 18
2022	+3.51%	+5.30%	-1.79	9 / 15
2021	+52.87%	+44.41%	+8.46	2 / 8
2020	+18.51%	+14.97%	+3.54	4 / 8
2019	+15.25%	+6.71%	+8.55	1 / 7
2018	-7.41%	-4.29%	-3.12	5 / 7
2017	—	—	—	—

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

+19.81%

99 windows

min -21.2% · max 84.4%

84% positive

3-Year rolling

+21.94%

74 windows

min 2.2% · max 33.7%

100% positive

5-Year rolling

+22.52%

50 windows

min 14.4% · max 30.4%

100% positive

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

7-Year rolling

+20.44%

26 windows

min 17.9% · max 22.4%

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

15.91%

3-year · annualised

Sharpe ratio

0.84

vs risk-free 6.5%

Sortino ratio

1.52

Downside-only deviation

Max drawdown

-20.17%

Sep 2024 → Mar 2025

% positive months

63.9%

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 Multi Cap Fund

Scheme	Fund house	NAV	As of
HDFC Multi Cap Fund - Growth Option - Direct Plan	HDFC	₹18.8230	3 Jun 2026
Nippon India Multi Cap Fund - Direct Plan Growth Plan - Bonus Option	Nippon India	₹322.8845	3 Jun 2026
SBI Multicap Fund- Direct Plan- Growth option	SBI	₹17.1515	3 Jun 2026
ICICI Prudential Multicap Fund - Direct Plan - Growth	ICICI Prudential	₹931.9300	3 Jun 2026
Invesco India Multicap Fund - Direct Plan - Growth Option	Invesco	₹145.1300	3 Jun 2026
BANDHAN MULTI CAP FUND - GROWTH - DIRECT PLAN	Bandhan	₹18.0940	3 Jun 2026
quant Multi Cap Fund-GROWTH OPTION-Direct Plan	Quant	₹700.0486	3 Jun 2026
Aditya Birla Sun Life Multi-Cap Fund-Direct Growth	Aditya Birla Sun Life	₹21.0900	3 Jun 2026
Motilal Oswal Multi Cap Fund-Direct Plan Growth	Motilal Oswal	₹13.0080	3 Jun 2026
Franklin India Multi Cap Fund - Direct - Growth	Franklin India	₹10.4405	3 Jun 2026

Recent NAVs

Date	NAV
3 Jun 2026	₹42.8624
2 Jun 2026	₹42.9945
1 Jun 2026	₹42.9003
29 May 2026	₹43.0884
27 May 2026	₹43.5914
26 May 2026	₹43.4597
25 May 2026	₹43.2938
22 May 2026	₹42.7639
21 May 2026	₹42.7436
20 May 2026	₹42.6466

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 Multi Cap Fund - Direct Plan -Growth is ₹42.8624. It's a Multi Cap Fund from Mahindra Manulife, run as a Direct plan Growth option. NAVs update once per business day from the AMFI feed.

Mahindra Manulife Multi Cap Fund - Direct Plan -Growth has NAV history starting from 18 May 2017, a track record of about 9 years. 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 Multi Cap Fund - Direct Plan -Growth is managed by Mahindra Manulife. It's classified by AMFI under the 'Multi Cap Fund' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, Mahindra Manulife Multi Cap Fund - Direct Plan -Growth has delivered a absolute return of 8.10% — +5.2 pp ahead of the Multi Cap Fund category average of 2.90%. The fund ranks #5 of 34 in its category — the top (Q1) quartile.

Over the trailing 3-year window, Mahindra Manulife Multi Cap Fund - Direct Plan -Growth has delivered a CAGR of 20.21% — +3.14 pp ahead of the Multi Cap Fund category average of 17.07%. The fund ranks #5 of 22 in its category — the top (Q1) quartile.

Over the trailing 5-year window, Mahindra Manulife Multi Cap Fund - Direct Plan -Growth has delivered a CAGR of 17.69% — +1.49 pp ahead of the Multi Cap Fund category average of 16.21%. The fund ranks #3 of 9 in its category — the second (Q2) quartile.

₹1 lakh invested in Mahindra Manulife Multi Cap Fund - Direct Plan -Growth exactly 5 years ago would be worth approximately ₹225,816 today — a multiplier of 2.26×, based on the 5-year CAGR of 17.69%. The category average over the same window would have grown ₹1 lakh to ₹211,901.

A ₹10,000 monthly SIP in Mahindra Manulife Multi Cap Fund - Direct Plan -Growth over the last 5 years — total invested ₹600,000 — would be worth ₹891,983 today. That's an XIRR (money-weighted annualised return) of 15.85%.

Mahindra Manulife Multi 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 ₹1,724,880 — XIRR 20.18%.

On a 5-year basis, Mahindra Manulife Multi Cap Fund - Direct Plan -Growth ranks #3 out of 9 funds in the Multi Cap Fund category — that places it in the second quartile (Q2) — above the median. The category average return over the same window is 16.21%; this fund delivered 17.69%.

The worst peak-to-trough decline Mahindra Manulife Multi Cap Fund - Direct Plan -Growth has experienced over the last 5-year window is 20.56% — its NAV fell from a high on 17 Jan 2022 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 Multi Cap Fund - Direct Plan -Growth averaged 22.52% (best 30.39%, worst 14.36%). 100% of rolling windows ended positive. The 5-year Sharpe ratio is 0.70 — reasonable risk-adjusted performance.

In calendar year 2025, Mahindra Manulife Multi Cap Fund - Direct Plan -Growth returned 4.15% — beating the Multi Cap Fund category average of 2.81% by 1.34 pp. It ranked #15 of 31 in its category that year.

Mahindra Manulife Multi 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 Multi 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: 20.6%. 5-year CAGR: 17.69%.

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

Mahindra Manulife Multi 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 Multi Cap Fund

Recent NAVs

Frequently asked questions

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