EquityLarge Cap FundRegularGrowthVery High

Mahindra Manulife Large Cap Fund

Q: What is the NAV of Mahindra Manulife Large Cap Fund?

As of 20 Aug 2026, the NAV of Mahindra Manulife Large Cap Fund is ₹22.41 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Mahindra Manulife Large Cap Fund delivered?

Mahindra Manulife Large Cap Fund has returned -3.06% over 1 year, +9.42% per year over 3 years, +8.82% per year over 5 years and +11.46% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of Mahindra Manulife Large Cap Fund?

Mahindra Manulife Large Cap Fund charges an expense ratio of 2.63% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of Mahindra Manulife Large Cap Fund?

Its largest holdings are ICICI Bank Ltd (9.8%), HDFC Bank Ltd (9.3%), Bharti Airtel Ltd (5.3%), Reliance Industries Ltd (5.0%) and Infosys Ltd (3.6%). Holdings are disclosed monthly and change over time.

Q: How risky is Mahindra Manulife Large Cap Fund?

It is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 13.0% and its worst peak-to-trough fall in our sample was -35.5%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of 0.23 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Mahindra Manulife Large Cap Fund's 0.23 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of Mahindra Manulife Large Cap Fund?

Mahindra Manulife Large Cap Fund is benchmarked against the The Scheme performance would be benchmarked against the Nifty 100. Its alpha and beta on this page are measured against that index.

Q: Who manages Mahindra Manulife Large Cap Fund?

Mahindra Manulife Large Cap Fund is managed by Fatema Pacha at Mahindra Manulife.

Q: How is Mahindra Manulife Large Cap Fund taxed?

Mahindra Manulife Large Cap Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.

Mahindra Manulife Mutual Fund · Best Large Cap Mutual Funds

This is the Regular plan of Mahindra Manulife Large Cap Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

NAV

₹22.41

+0.51% 1D

as of 20 Aug 2026

Compare SIP calculator

Performance

-2.62%CAGR

52-week rangePrev NAV ₹22.29

Latest ₹22.41

Low ₹20.5651st percentile of its 52-week rangeHigh ₹24.17

Scorecard

★★★★☆4/5 vs 33 of 34 Large Cap Fund peers

Performance 60%
Risk 15%
Cost 10%
Downside 15%

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Large Cap Fund (same plan and option). 33 of the 34 Large Cap Funds in this cohort carry the full record the stars need, so they are the ones ranked against.

PerformanceBelow avg

3Y CAGR +9.42% · ranks 25 of 34 Large Cap Funds

RiskModerate

Volatility 13.0% vs 13.5% category avg

CostHigh

2.6% expense vs 2.2% category avg

ConsistencyHigh

100% of rolling 3Y windows were positive

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

Consistent — positive in 100% of rolling 3-year windows

Concerns

Trails the Large Cap Fund average on 3M/6M/1Y — 1Y by 3.48pp
3-year return (+9.42%) trails the Large Cap Fund average (+11.28%)
5-year return (+8.82%) trails the Large Cap Fund average (+9.93%)
Ranks #31 of 34 on 1-year return in its Large Cap Fund cohort
Weaker risk-adjusted returns — Sharpe 0.23 below the Large Cap Fund average of 0.25

Key Metrics

Annual fee charged by the fund, already deducted from NAV

Category 2.19%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

Category 22.01

Excess return per unit of total volatility (rf = 6.5%)

0.23

Category 0.25▼0.02

Scheme Info

Definitions

Plan

Regular · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

Exit Load

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Smallest recurring SIP instalment the scheme accepts

Smallest one-time (lumpsum) investment the scheme accepts

Benchmark

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

19 Mar 2019

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

+0.72%

Absolute return over the last 3 months (not annualized)

+4.08%

Absolute return over the last 6 months (not annualized)

-4.55%

Absolute return since 1 Jan of this year (not annualized)

-6.67%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

-3.06%

3-year annualized return (CAGR)

+9.42%

5-year annualized return (CAGR)

+8.82%

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the fund's inception

+11.46%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

12.97%

Excess return per unit of total volatility (rf = 6.5%)

0.23

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

0.31

Largest peak-to-trough decline over full history

-35.47%

Benchmark ratios (vs Nifty 100 · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty 100

-0.41%

Sensitivity to Nifty 100 moves; 1 = moves with the index

0.95

How much of the fund's movement Nifty 100 explains

96.0%

Excess return per unit of beta (market risk)

2.80

Active return over the benchmark per unit of tracking error

-0.21

Annualized std dev of fund-minus-benchmark returns

2.88%

Fund's share of benchmark gains in up months (100 = matches index)

96.8%

Fund's share of benchmark losses in down months (lower is better)

98.6%

Computed vs the Nifty 100 price index — the closest match to this fund's mandate. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (Large Cap Fund)

Period	Fund	Category avg.	Diff
1M abs	+0.72%	+1.11%	-0.39%
3M abs	+4.08%	+5.12%	-1.04%
6M abs	-4.55%	-0.95%	-3.60%
1Y CAGR	-3.06%	+0.42%	-3.48%
3Y CAGR	+9.42%	+11.28%	-1.86%
5Y CAGR	+8.82%	+9.93%	-1.11%

Category average across peers in Large Cap Fund (33 of 34 carry a figure for at least one period), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Category rank

Vs 34 peers in Large Cap Fund

1Y return

-3.06%

Beats 6.3% · rank #31

3Y return

+9.42%

Beats 17.2% · rank #25

5Y return

+8.82%

Beats 26.9% · rank #20

Sharpe

0.23

Beats 25% · rank #25

Sortino

0.31

Beats 28.1% · rank #24

Rolling returns

Return for every possible 1Y holding period, not just today’s

This fundNifty 100

Average

+14.4%

Median

+9.0%

Best

+64.0%

Worst

-20.8%

Positive periods

75.6%

78 overlapping 1Y windows, sampled monthly across the fund’s history.

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹7.18L

Absolute

+19.74%

XIRR

+7.37%

Value vs. invested

60 monthly installments of ₹10,000 into Mahindra Manulife Large Cap Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund	Nifty 100	Diff
2026part	-6.34%	-4.85%	-1.49%
2025	+9.44%	+8.96%	+0.48%
2024	+12.81%	+11.76%	+1.05%
2023	+21.88%	+20.05%	+1.83%
2022	+1.89%	+3.63%	-1.74%
2021	+29.69%	+25.04%	+4.65%
2020	+11.89%	+14.86%	-2.97%
2019part	+7.36%	—	—

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.

History points

1,829

Expense ratio

AUM

Portfolio turnover

Exit load

P/E ratio

P/B ratio

Avg market cap

Taxation

Taxed as equity

This is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

On gains above ₹1.25 L per financial year

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Large Cap Fund

Compare all


Mahindra Manulife Large Cap FundThis fund Mahindra Manulife	★★★★☆	-3.06%	+9.42%	+8.82%	18.13	2.63%	₹695.45Cr
Invesco India Largecap Fund Invesco	★★★☆☆	+5.45%	+14.64%	+11.90%	28.93	2.19%	₹1,742Cr
Taurus Large Cap Fund Taurus	★★☆☆☆	+5.99%	+13.86%	+11.26%	19.17	2.76%	₹49.42Cr
Bank of India Large Cap Fund Bank of India	★★★☆☆	+6.33%	+13.75%	+10.04%	19.14	2.77%	₹212.41Cr
quant Large Cap Fund quant	★★★☆☆	+6.02%	+13.73%	—	28.99	2.89%	₹3,172Cr
WhiteOak Capital Large Cap Fund WhiteOak Capital	★★★★★	+1.53%	+13.71%	—	21.68	2.50%	₹1,167Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 100% of the equity sleeve priced.

Large cap90.1%
Mid cap9.9%
Small cap0.0%

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-35.5%24 Jan 2020 → 23 Mar 2020
Fell over 2 months, back to the old high on 11 Nov 2020 — 8 months under water after the low.
-17.6%18 Oct 2021 → 17 Jun 2022
Fell over 8 months, back to the old high on 01 Dec 2022 — 5 months under water after the low.
-15.7%27 Sep 2024 → 28 Feb 2025
Fell over 5 months, back to the old high on 02 Jan 2026 — 10 months under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Fund size over time

Quarterly average AUM · AMFI

₹695.45Cr

April - June 2026

-4%

since January - March 2026

At or near its largest, ₹726.69Cr in January - March 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

Mahindra Manulife in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Large Cap funds

Large cap funds invest mainly in India's 100 biggest listed companies. They tend to be steadier than mid- and small-cap funds, with more modest but more dependable growth.

Frequently asked questions

What is the NAV of Mahindra Manulife Large Cap Fund?

As of 20 Aug 2026, the NAV of Mahindra Manulife Large Cap Fund is ₹22.41 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Mahindra Manulife Large Cap Fund delivered?

Mahindra Manulife Large Cap Fund has returned -3.06% over 1 year, +9.42% per year over 3 years, +8.82% per year over 5 years and +11.46% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of Mahindra Manulife Large Cap Fund?

Mahindra Manulife Large Cap Fund charges an expense ratio of 2.63% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of Mahindra Manulife Large Cap Fund?

Its largest holdings are ICICI Bank Ltd (9.8%), HDFC Bank Ltd (9.3%), Bharti Airtel Ltd (5.3%), Reliance Industries Ltd (5.0%) and Infosys Ltd (3.6%). Holdings are disclosed monthly and change over time.

How risky is Mahindra Manulife Large Cap Fund?

It is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 13.0% and its worst peak-to-trough fall in our sample was -35.5%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What does the Sharpe ratio of 0.23 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Mahindra Manulife Large Cap Fund's 0.23 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of Mahindra Manulife Large Cap Fund?

Mahindra Manulife Large Cap Fund is benchmarked against the The Scheme performance would be benchmarked against the Nifty 100. Its alpha and beta on this page are measured against that index.

Who manages Mahindra Manulife Large Cap Fund?

Mahindra Manulife Large Cap Fund is managed by Fatema Pacha at Mahindra Manulife.

How is Mahindra Manulife Large Cap Fund taxed?

Mahindra Manulife Large Cap Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.