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: 17.46%.

Mahindra Manulife

Mahindra Manulife Multi Cap Fund - Direct Plan -Growth

Latest NAV

₹44.8850

As of

17 Jul 2026

2,259 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	-0.04%	-0.04%	+0.00	22 / 34	Q3
1W	-0.20%	-0.38%	+0.18	10 / 34	Q2
2W	+0.14%	+0.35%	-0.21	22 / 34	Q3
1M	+1.90%	+2.05%	-0.15	21 / 34	Q3
3M	+5.89%	+5.97%	-0.09	18 / 34	Q3
6M	+6.50%	+5.52%	+0.98	14 / 34	Q2
YTD	+6.35%	+3.37%	+2.98	6 / 34	Q1
1Y	+6.24%	+4.05%	+2.19	12 / 34	Q2
2Y	+5.44%	+3.91%	+1.52	7 / 29	Q1
3Y	+18.87%	+16.39%	+2.48	6 / 23	Q2
4Y	+20.81%	+18.31%	+2.49	6 / 16	Q2
5Y	+17.46%	+15.97%	+1.50	3 / 9	Q2
7Y	+21.90%	+19.00%	+2.91	1 / 8	Q1
10Y	—	—	—	—	—
Inception	+17.77%	+14.47%	+3.30	8 / 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	+6.35%	+3.37%	+2.98	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

+20.41%

100 windows

min -14.6% · max 83.2%

86% positive

3-Year rolling

+22.37%

76 windows

min -0.9% · max 36.6%

99% positive

5-Year rolling

+22.63%

51 windows

min 14.7% · max 32.8%

100% positive

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

7-Year rolling

+20.69%

27 windows

min 18.4% · max 22.7%

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

15.32%

3-year · annualised

Sharpe ratio

0.79

vs risk-free 6.5%

Sortino ratio

1.30

Downside-only deviation

Max drawdown

-20.17%

Sep 2024 → Mar 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 Multi Cap Fund

Scheme	Fund house	NAV	As of
HDFC Multi Cap Fund - Growth Option - Direct Plan	HDFC	₹19.8640	17 Jul 2026
Nippon India Multi Cap Fund - Direct Plan Growth Plan - Bonus Option	Nippon India	₹335.1908	17 Jul 2026
SBI Multicap Fund- Direct Plan- Growth option	SBI	₹17.7990	17 Jul 2026
ICICI Prudential Multicap Fund - Direct Plan - Growth	ICICI Prudential	₹953.5300	17 Jul 2026
Invesco India Multicap Fund - Direct Plan - Growth Option	Invesco	₹156.2100	17 Jul 2026
BANDHAN MULTI CAP FUND - GROWTH - DIRECT PLAN	Bandhan	₹18.7790	17 Jul 2026
quant Multi Cap Fund-GROWTH OPTION-Direct Plan	Quant	₹730.8942	17 Jul 2026
Aditya Birla Sun Life Multi-Cap Fund-Direct Growth	Aditya Birla Sun Life	₹22.1300	17 Jul 2026
Motilal Oswal Multi Cap Fund-Direct Plan Growth	Motilal Oswal	₹14.1539	17 Jul 2026
Franklin India Multi Cap Fund - Direct - Growth	Franklin India	₹11.0079	17 Jul 2026

Recent NAVs

Date	NAV
17 Jul 2026	₹44.8850
16 Jul 2026	₹44.9009
15 Jul 2026	₹44.9728
14 Jul 2026	₹44.8053
13 Jul 2026	₹45.0643
10 Jul 2026	₹44.9753
9 Jul 2026	₹44.3976
8 Jul 2026	₹43.9439
7 Jul 2026	₹44.7573
6 Jul 2026	₹45.0077

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 Multi Cap Fund - Direct Plan -Growth is ₹44.8850. 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 2 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 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 6.24% — +2.19 pp ahead of the Multi Cap Fund category average of 4.05%. The fund ranks #12 of 34 in its category — the second (Q2) quartile.

Over the trailing 3-year window, Mahindra Manulife Multi Cap Fund - Direct Plan -Growth has delivered a CAGR of 18.87% — +2.48 pp ahead of the Multi Cap Fund category average of 16.39%. The fund ranks #6 of 23 in its category — the second (Q2) quartile.

Over the trailing 5-year window, Mahindra Manulife Multi Cap Fund - Direct Plan -Growth has delivered a CAGR of 17.46% — +1.5 pp ahead of the Multi Cap Fund category average of 15.97%. 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 ₹223,609 today — a multiplier of 2.24×, based on the 5-year CAGR of 17.46%. The category average over the same window would have grown ₹1 lakh to ₹209,725.

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 ₹914,644 today. That's an XIRR (money-weighted annualised return) of 16.88%.

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 ₹1,766,355 — XIRR 20.86%.

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 15.97%; this fund delivered 17.46%.

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 22.63% (best 32.81%, worst 14.75%). 100% of rolling windows ended positive. The 5-year Sharpe ratio is 0.66 — 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: 17.46%.

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