Should I invest in Mahindra Manulife Multi Cap Fund?

We don't give personal investment advice. Mahindra Manulife Multi 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: 26.4%. 5-year CAGR: 11.06%.

Mahindra Manulife

Mahindra Manulife Multi Cap Fund - Direct Plan - IDCW

Latest NAV

₹32.1232

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%	0.00%	-0.03	19 / 28	Q3
1W	-0.20%	-0.36%	+0.16	8 / 28	Q2
2W	+0.14%	+0.13%	+0.01	18 / 28	Q3
1M	+1.90%	+1.70%	+0.20	15 / 28	Q3
3M	+5.89%	+5.76%	+0.12	16 / 28	Q3
6M	+1.23%	+3.75%	-2.52	21 / 28	Q3
YTD	+1.08%	+1.69%	-0.61	17 / 28	Q3
1Y	+0.98%	+1.97%	-0.99	15 / 28	Q3
2Y	+0.87%	+1.78%	-0.91	17 / 26	Q3
3Y	+13.98%	+14.20%	-0.22	11 / 21	Q3
4Y	+15.49%	+15.57%	-0.08	7 / 13	Q3
5Y	+11.06%	+11.38%	-0.31	6 / 8	Q3
7Y	+16.22%	+14.84%	+1.38	3 / 7	Q2
10Y	—	—	—	—	—
Inception	+13.56%	+13.82%	-0.26	19 / 28	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	+1.08%	+1.69%	-0.61	17 / 28
2025	+0.29%	+1.67%	-1.38	20 / 27
2024	+19.63%	+22.18%	-2.55	13 / 22
2023	+30.01%	+32.16%	-2.15	10 / 15
2022	-4.05%	+3.83%	-7.88	11 / 12
2021	+41.31%	+39.38%	+1.93	4 / 7
2020	+18.52%	+13.20%	+5.32	3 / 7
2019	+15.66%	+3.47%	+12.19	1 / 6
2018	-7.52%	-10.47%	+2.96	3 / 6
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

+15.92%

100 windows

min -14.3% · max 69.7%

75% positive

3-Year rolling

+17.29%

76 windows

min -0.9% · max 28.8%

99% positive

5-Year rolling

+17.09%

51 windows

min 10.8% · max 25.5%

100% positive

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

7-Year rolling

+16.01%

27 windows

min 13.9% · max 18.1%

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

17.28%

3-year · annualised

Sharpe ratio

0.47

vs risk-free 6.5%

Sortino ratio

0.69

Downside-only deviation

Max drawdown

-21.65%

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 Multi Cap Fund

Scheme	Fund house	NAV	As of
HDFC Multi Cap Fund - IDCW Option - Direct Plan	HDFC	₹18.1520	17 Jul 2026
NIPPON INDIA MULTI CAP FUND - DIRECT Plan - IDCW Option	Nippon India	₹86.7307	17 Jul 2026
SBI Multicap Fund- Direct Plan - Income Distribution cum Capital Withdrawal Option (IDCW)	SBI	₹17.7991	17 Jul 2026
ICICI Prudential Multicap Fund - Direct Plan - IDCW	ICICI Prudential	₹63.7400	17 Jul 2026
Invesco India Multicap Fund - Direct Plan - IDCW (Payout / Reinvestment)	Invesco	₹141.3500	17 Jul 2026
BANDHAN MULTI CAP FUND - IDCW - DIRECT PLAN	Bandhan	₹16.5460	17 Jul 2026
quant Multi Cap Fund-IDCW Option - Direct Plan	Quant	₹84.6443	17 Jul 2026
Aditya Birla Sun Life Multi-Cap Fund-Direct IDCW Payout	Aditya Birla Sun Life	₹19.5800	17 Jul 2026
Motilal Oswal Multi Cap Fund-Direct Plan IDCW	Motilal Oswal	₹13.9462	17 Jul 2026
Franklin India Multi Cap Fund - Direct - IDCW	Franklin India	₹11.0079	17 Jul 2026

Recent NAVs

Date	NAV
17 Jul 2026	₹32.1232
16 Jul 2026	₹32.1345
15 Jul 2026	₹32.1860
14 Jul 2026	₹32.0662
13 Jul 2026	₹32.2515
10 Jul 2026	₹32.1878
9 Jul 2026	₹31.7744
8 Jul 2026	₹31.4496
7 Jul 2026	₹32.0318
6 Jul 2026	₹32.2110

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 - IDCW is ₹32.1232. It's a Multi 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 Multi Cap Fund - Direct Plan - IDCW 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 - IDCW 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 - IDCW has delivered a absolute return of 0.98% — -0.99 pp behind the Multi Cap Fund category average of 1.97%. The fund ranks #15 of 28 in its category — the third (Q3) quartile.

Over the trailing 3-year window, Mahindra Manulife Multi Cap Fund - Direct Plan - IDCW has delivered a CAGR of 13.98% — -0.22 pp behind the Multi Cap Fund category average of 14.20%. The fund ranks #11 of 21 in its category — the third (Q3) quartile.

Over the trailing 5-year window, Mahindra Manulife Multi Cap Fund - Direct Plan - IDCW has delivered a CAGR of 11.06% — -0.31 pp behind the Multi Cap Fund category average of 11.38%. The fund ranks #6 of 8 in its category — the third (Q3) quartile.

₹1 lakh invested in Mahindra Manulife Multi Cap Fund - Direct Plan - IDCW exactly 5 years ago would be worth approximately ₹168,986 today — a multiplier of 1.69×, based on the 5-year CAGR of 11.06%. The category average over the same window would have grown ₹1 lakh to ₹171,382.

A ₹10,000 monthly SIP in Mahindra Manulife Multi Cap Fund - Direct Plan - IDCW over the last 5 years — total invested ₹600,000 — would be worth ₹794,456 today. That's an XIRR (money-weighted annualised return) of 11.17%.

Mahindra Manulife Multi 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 ₹1,409,183 — XIRR 14.52%.

On a 5-year basis, Mahindra Manulife Multi Cap Fund - Direct Plan - IDCW ranks #6 out of 8 funds in the Multi Cap Fund category — that places it in the third quartile (Q3) — below the median. The category average return over the same window is 11.38%; this fund delivered 11.06%.

The worst peak-to-trough decline Mahindra Manulife Multi Cap Fund - Direct Plan - IDCW has experienced over the last 5-year window is 26.37% — 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 - IDCW averaged 17.09% (best 25.48%, worst 10.81%). 100% of rolling windows ended positive. The 5-year Sharpe ratio is 0.31 — weak risk-adjusted performance.

In calendar year 2025, Mahindra Manulife Multi Cap Fund - Direct Plan - IDCW returned 0.29% — lagging the Multi Cap Fund category average of 1.67% by 1.38 pp. It ranked #20 of 27 in its category that year.

Mahindra Manulife Multi 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 Multi 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: 26.4%. 5-year CAGR: 11.06%.

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