Should I invest in Mahindra Manulife Small Cap Fund?

We don't give personal investment advice. Mahindra Manulife Small 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.

Mahindra Manulife

Mahindra Manulife Small Cap Fund - Direct Plan - Growth

Latest NAV

₹22.5939

As of

17 Jul 2026

883 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	-0.50%	-0.55%	+0.05	12 / 36	Q2
1W	-0.50%	-0.78%	+0.27	11 / 36	Q2
2W	+0.23%	+0.21%	+0.01	20 / 36	Q3
1M	+3.28%	+2.84%	+0.44	13 / 36	Q2
3M	+9.63%	+10.77%	-1.14	21 / 36	Q3
6M	+14.40%	+14.16%	+0.24	16 / 34	Q2
YTD	+10.97%	+10.96%	+0.01	16 / 33	Q2
1Y	+9.25%	+6.25%	+3.00	8 / 32	Q1
2Y	+4.37%	+4.89%	-0.52	16 / 29	Q3
3Y	+22.80%	+18.29%	+4.51	5 / 25	Q1
4Y	—	—	—	—	—
5Y	—	—	—	—	—
7Y	—	—	—	—	—
10Y	—	—	—	—	—
Inception	+25.39%	+19.38%	+6.01	3 / 36	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	+10.97%	+10.96%	+0.01	16 / 33
2025	-1.96%	-4.11%	+2.15	10 / 30
2024	+28.55%	+27.89%	+0.66	9 / 28
2023	+60.44%	+43.05%	+17.39	1 / 24
2022	—	—	—	—

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

+27.64%

32 windows

min -5.3% · max 74.0%

84% positive

Limited basis — fund is young, so this average may be skewed by which 1Y windows happen to be available.

3-Year rolling

+24.82%

8 windows

min 22.8% · max 27.0%

100% positive

Limited basis — fund is young, so this average may be skewed by which 3Y windows happen to be available.

5-Year rolling

—

Insufficient history

7-Year rolling

—

Insufficient history

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

19.23%

3-year · annualised

Sharpe ratio

0.83

vs risk-free 6.5%

Sortino ratio

1.32

Downside-only deviation

Max drawdown

-26.00%

Oct 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 Small Cap Fund

Scheme	Fund house	NAV	As of
HDFC Small Cap Fund - Growth Option - Direct Plan	HDFC	₹160.5300	17 Jul 2026
Nippon India Small Cap Fund - Direct Plan Growth Plan - Bonus Option	Nippon India	₹203.5938	17 Jul 2026
SBI Small Cap Fund - Direct Plan - Growth	SBI	₹208.9152	17 Jul 2026
ICICI Prudential Smallcap Fund - Direct Plan - Growth	ICICI Prudential	₹100.5000	17 Jul 2026
Invesco India Smallcap Fund - Direct Plan - Growth	Invesco	₹52.7200	17 Jul 2026
BANDHAN SMALL CAP FUND - DIRECT PLAN GROWTH	Bandhan	₹55.5270	17 Jul 2026
quant Small Cap Fund - Growth Option - Direct Plan	Quant	₹313.4689	17 Jul 2026
QUANTUM SMALL CAP FUND - DIRECT PLAN GROWTH OPTION	Quantum	₹13.9100	17 Jul 2026
Aditya Birla Sun Life Small Cap Fund - Growth - Direct Plan	Aditya Birla Sun Life	₹109.4685	17 Jul 2026
Motilal Oswal Small Cap Fund - Direct - Growth	Motilal Oswal	₹16.8394	17 Jul 2026

Recent NAVs

Date	NAV
17 Jul 2026	₹22.5939
16 Jul 2026	₹22.7070
15 Jul 2026	₹22.7357
14 Jul 2026	₹22.6413
13 Jul 2026	₹22.7697
10 Jul 2026	₹22.7078
9 Jul 2026	₹22.4829
8 Jul 2026	₹22.1068
7 Jul 2026	₹22.4742
6 Jul 2026	₹22.6211

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 Small Cap Fund - Direct Plan - Growth is ₹22.5939. It's a Small Cap Fund from Mahindra Manulife, run as a Direct plan Growth option. NAVs update once per business day from the AMFI feed.

Mahindra Manulife Small Cap Fund - Direct Plan - Growth has NAV history starting from 14 Dec 2022, a track record of about 3 years 7 months. It's a relatively new scheme. With under 5 years of NAVs, peer comparison is the best yardstick — point-to-point returns can be skewed by entry timing.

Mahindra Manulife Small Cap Fund - Direct Plan - Growth is managed by Mahindra Manulife. It's classified by AMFI under the 'Small Cap Fund' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, Mahindra Manulife Small Cap Fund - Direct Plan - Growth has delivered a absolute return of 9.25% — +3 pp ahead of the Small Cap Fund category average of 6.25%. The fund ranks #8 of 32 in its category — the top (Q1) quartile.

Over the trailing 3-year window, Mahindra Manulife Small Cap Fund - Direct Plan - Growth has delivered a CAGR of 22.80% — +4.51 pp ahead of the Small Cap Fund category average of 18.29%. The fund ranks #5 of 25 in its category — the top (Q1) quartile.

Mahindra Manulife Small Cap Fund - Direct Plan - Growth doesn't have a complete 5-year window yet (we need at least 5 year of NAVs). Check the shorter-window returns above.

₹1 lakh invested in Mahindra Manulife Small Cap Fund - Direct Plan - Growth exactly 3 years ago would be worth approximately ₹185,185 today — a multiplier of 1.85×, based on the 3-year CAGR of 22.80%. The category average over the same window would have grown ₹1 lakh to ₹165,516.

A ₹10,000 monthly SIP in Mahindra Manulife Small Cap Fund - Direct Plan - Growth over the last 3 years — total invested ₹360,000 — would be worth ₹448,881 today. That's an XIRR (money-weighted annualised return) of 14.86%.

Mahindra Manulife Small Cap Fund - Direct Plan - Growth doesn't yet have 10 years of NAVs. Over the longest available window (3-year SIP), ₹10,000/month would have grown to ₹448,881 — XIRR 14.86%.

On a 3-year basis, Mahindra Manulife Small Cap Fund - Direct Plan - Growth ranks #5 out of 25 funds in the Small Cap Fund category — that places it in the top quartile (Q1) — strong outperformance. The category average return over the same window is 18.29%; this fund delivered 22.80%.

The worst peak-to-trough decline Mahindra Manulife Small Cap Fund - Direct Plan - Growth has experienced over the last 3-year window is 26.00% — its NAV fell from a high on 01 Oct 2024 to a low on 03 Mar 2025. Drawdown is a useful gauge of how much short-term pain you'd have endured to capture the long-term return.

Across all 3-year rolling windows, Mahindra Manulife Small Cap Fund - Direct Plan - Growth averaged 24.82% (best 27.03%, worst 22.80%). 100% of rolling windows ended positive. The 3-year Sharpe ratio is 0.83 — reasonable risk-adjusted performance.

In calendar year 2025, Mahindra Manulife Small Cap Fund - Direct Plan - Growth returned -1.96% — beating the Small Cap Fund category average of -4.11% by 2.15 pp. It ranked #10 of 30 in its category that year.

Mahindra Manulife Small 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 Small 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.

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