Mutual fund

Mahindra Manulife Small Cap Fund

Mahindra Manulife Mutual Fund · Equity

Current range: July 2026 → August 2026

Fund Quality

Average fund↓62.7 / 100

#8 of 19 in Small Cap Fund

Returns20%: 79.8
Consistency20%: 65.0
Downside20%: 46.2
Fees10%: 67.5
Risk10%: 52.2

Increasing Chemicals exposure while reducing Fast Moving Consumer Goods.

Sector allocation, Feb 2026 → Aug 2026

81Holdings
12Increased
10Reduced
5New
1Exited

AUM ₹5,472 cr · 31 Aug 202641 historical disclosures

Fund Quality

Average62.7 / 100

Rank 8 of 19 in Small Cap Fund
↓ Deteriorating · −3.7 since 30 Jun 2026

Low confidence

PerformancePartial evidence803-year return 19.2% a year against a peer median of 14.6%.
ConsistencyPartial evidence65Beat the peer median in 58% of rolling 1-year periods over 3 years.
Downside protectionPartial evidence46Deepest fall −26.0% in 3 years; fell 101% as much as the peer median in down months.
Value for moneyPartial evidence68Expense ratio 0.92% against a peer median of 0.96%.
Portfolio riskPartial evidence52Top 10 stocks are 32% of assets, about 50 effective holdings.
Manager & process stability—Not measured. Manager appointment records and process documentation are not loaded, so manager and process stability cannot be assessed.

Strengths: Long-term returns ahead of most category peers.

Change since 30 Jun 2026: Portfolio risk −2.6, Performance −0.9, Downside protection −0.5 points.

How Fund Quality works

Each diversified active fund is compared with its current category peers over identical five- and three-year windows, using its Direct Growth plan. Index funds, ETFs and sector or thematic funds are not rated.
Six dimensions are scored 0–100 against peers. Returns, consistency and downside protection carry most of the weight; value for money, portfolio risk and manager stability support them. A dimension without evidence is left out and the rest re-weighted; it is never scored as zero or average.
Great is 85+, Good 70–85, Average 50–70, Poor 30–50 and Awful below 30. Great also needs strong returns, consistency and downside protection and five years of history; weak downside protection caps a fund at Average.
A rating with all three core dimensions and only one supporting dimension is provisional and lower confidence. Without all three core dimensions there is no rating.
Fund Quality is not a return ranking and not a recommendation. Past performance does not predict future returns.
Peers are the plan's current AMFI category; dated category history is not loaded, so a fund that changed category is compared with its current peers throughout.
Closed and merged schemes are not loaded, so peer groups contain survivors only.
No fund-to-benchmark mapping is loaded, so nothing here measures performance against the fund's benchmark.
Manager & process stability is not assessed: its data is not loaded. Mandate discipline is not part of the rating.
Fund Quality describes past evidence. In a 2019–2023 test, funds with higher return, consistency and downside scores did not go on to beat their peers over the next three years.
Past performance and risk do not predict future results. Fund Quality is not a recommendation to buy, sell or switch.
Methodology fund_quality_v1, NAV as of 1 Oct 2026.

Latest changes

Current range: July 2026 → August 2026

What changed?

Current range: July 2026 → August 2026

StockSharesPortfolio weight

Multi Commodity Exchange of India Ltd.MCX

Financial Services

Shares+₹119 cr725.30K → 925.30K+200.00K+27.6% shares

Portfolio weight3.8% → 5.8%+1.9 pp weight

Divi's Laboratories Ltd.DIVISLAB

Healthcare

Shares+₹81.0 cr151.50K → 214.50K+63.00K+41.6% shares

Portfolio weight2.4% → 3.7%+1.3 pp weight

Ather Energy Ltd.ATHERENERG

Automobile and Auto Components

Shares+₹46.5 cr452.43K → 602.43K+150.00K+33.2% shares

Portfolio weight1.1% → 1.9%+0.8 pp weight

Jindal Saw Ltd.JINDALSAW

Capital Goods

Shares+₹46.1 cr5.61M → 6.14M+535.29K+9.5% shares

Portfolio weight2.8% → 3.5%+0.6 pp weight

Glaxosmithkline Pharmaceuticals Ltd.GLAXO

Healthcare

Shares+₹31.1 cr113.17K → 200.43K+87.26K+77.1% shares

Portfolio weight0.6% → 1.1%+0.5 pp weight

Arvind LimitedARVIND

Consumer Services

Shares+₹25.2 cr2.06M → 2.36M+297.03K+14.4% shares

Portfolio weight2.1% → 2.4%+0.3 pp weight

Voltamp Transformers LimitedVOLTAMP

Capital Goods

Shares+₹24.3 cr113.91K → 125.91K+12.00K+10.5% shares

Portfolio weight2.2% → 2.5%+0.3 pp weight

Garware Hi-Tech Films LimitedGRWRHITECH

Capital Goods

Shares+₹14.0 cr202.77K → 222.77K+20.00K+9.9% shares

Portfolio weight2.9% → 2.9%+0.1 pp weight

Oil India Ltd.OIL

Oil Gas & Consumable Fuels

Shares+₹11.5 cr2.81M → 2.91M+96.00K+3.4% shares

Portfolio weight2.5% → 2.6%+0.0 pp weight

Nitin Spinners LimitedNITINSPIN

Consumer Services

Shares+₹10.4 cr1.10M → 1.12M+20.95K+1.9% shares

Portfolio weight1.2% → 1.3%+0.1 pp weight

Bank of MaharashtraMAHABANK

Financial Services

Shares+₹8.0 cr2.39M → 3.29M+900.00K+37.7% shares

Portfolio weight0.4% → 0.5%+0.1 pp weight

Gabriel India Ltd.GABRIEL

Automobile and Auto Components

Shares+₹3.6 cr261.40K → 286.90K+25.50K+9.8% shares

Portfolio weight0.7% → 0.8%+0.0 pp weight

Current portfolio

Disclosed holdings for August 2026. Change columns use share quantities, with earlier quantities adjusted when a corporate action has a usable ratio.

Current range: Change columns compare with July 2026


Multi Commodity Exchange of India Ltd.MCX	Financial Services	+₹119 cr+27.6% shares	925.30K	5.8%	+₹315 cr	Increased
Neuland Laboratories Ltd.NEULANDLAB	Healthcare	+₹41.0 cr0.0% shares	103.40K	4.3%	+₹238 cr	Unchanged
Divi's Laboratories Ltd.DIVISLAB	Healthcare	+₹81.0 cr+41.6% shares	214.50K	3.7%	+₹203 cr	Increased
Jindal Saw Ltd.JINDALSAW	Capital Goods	+₹46.1 cr+9.5% shares	6.14M	3.5%	+₹190 cr	Increased
Garware Hi-Tech Films LimitedGRWRHITECH	Capital Goods	+₹14.0 cr+9.9% shares	222.77K	2.9%	+₹159 cr	Increased
Oil India Ltd.OIL	Oil Gas & Consumable Fuels	+₹11.5 cr+3.4% shares	2.91M	2.6%	+₹140 cr	Increased
Voltamp Transformers LimitedVOLTAMP	Capital Goods	+₹24.3 cr+10.5% shares	125.91K	2.5%	+₹137 cr	Increased
Arvind LimitedARVIND	Consumer Services	+₹25.2 cr+14.4% shares	2.36M	2.4%	+₹131 cr	Increased
Usha Martin Ltd.USHAMART	Capital Goods	+₹67.4 L0.0% shares	2.25M	2.0%	+₹112 cr	Unchanged
Vodafone Idea Ltd.IDEA	Telecommunication	+₹9.8 cr0.0% shares	73.95M	1.9%	+₹106 cr	Unchanged
Supreme Petrochem Ltd.SPLPETRO	Chemicals	+₹2.3 cr0.0% shares	1.44M	1.9%	+₹105 cr	Unchanged
Ather Energy Ltd.ATHERENERG	Automobile and Auto Components	+₹46.5 cr+33.2% shares	602.43K	1.9%	+₹103 cr	Increased
Adani Enterprises Ltd.ADANIENT	Metals & Mining	−₹5.3 cr0.0% shares	349.34K	1.8%	+₹99.9 cr	Unchanged
Coforge Ltd.COFORGE	Information Technology	−₹18.3 cr−27.3% shares	480.00K	1.7%	+₹95.3 cr	Reduced
Anthem Biosciences Ltd.ANTHEM	Healthcare	+₹8.4 cr0.0% shares	997.58K	1.6%	+₹89.1 cr	Unchanged
SPR Auto Technologies LimitedSHRIPISTON	Automobile and Auto Components	+₹4.0 cr0.0% shares	188.72K	1.6%	+₹87.0 cr	Unchanged
Ujjivan Small Finance Bank LimitedUJJIVANSFB	Financial Services	−₹3.3 cr0.0% shares	12.59M	1.6%	+₹87.0 cr	Unchanged
Sona BLW Precision Forgings Ltd.SONACOMS	Automobile and Auto Components	+₹4.6 cr0.0% shares	1.05M	1.6%	+₹85.6 cr	Unchanged
Karur Vysya Bank Ltd.KARURVYSYA	Financial Services	+₹1.3 cr0.0% shares	2.43M	1.6%	+₹84.6 cr	Unchanged
ZF Commercial Vehicle Control Systems India Ltd.ZFCVINDIA	Automobile and Auto Components	+₹3.9 cr0.0% shares	330.70K	1.5%	+₹83.8 cr	Unchanged
NOCIL LimitedNOCIL	Chemicals	+₹3.5 cr0.0% shares	4.83M	1.5%	+₹82.7 cr	Unchanged
Asahi India Glass Ltd.ASAHIINDIA	Automobile and Auto Components	+₹6.0 cr0.0% shares	800.54K	1.4%	+₹76.2 cr	Unchanged
DCB Bank LimitedDCBBANK	Financial Services	−₹11.8 cr−26.7% shares	3.29M	1.3%	+₹71.8 cr	Reduced
Glenmark Pharmaceuticals Ltd.GLENMARK	Healthcare	+₹7.1 cr0.0% shares	289.52K	1.3%	+₹71.8 cr	Unchanged
Dixon Technologies (India) Ltd.DIXON	Consumer Durables	+₹3.8 cr0.0% shares	48.00K	1.3%	+₹71.3 cr	Unchanged
Nitin Spinners LimitedNITINSPIN	Consumer Services	+₹10.4 cr+1.9% shares	1.12M	1.3%	+₹70.2 cr	Increased
Adani Energy Solutions Ltd.ADANIENSOL	Power	−₹10.7 cr0.0% shares	468.63K	1.2%	+₹66.4 cr	Unchanged
Ajanta Pharmaceuticals Ltd.AJANTPHARM	Healthcare	+₹2.4 cr0.0% shares	179.16K	1.2%	+₹64.5 cr	Unchanged
The Ramco Cements Ltd.RAMCOCEM	Construction Materials	−₹2.7 cr0.0% shares	700.74K	1.1%	+₹61.6 cr	Unchanged
Glaxosmithkline Pharmaceuticals Ltd.GLAXO	Healthcare	+₹31.1 cr+77.1% shares	200.43K	1.1%	+₹61.1 cr	Increased
Sagility Ltd.SAGILITY	Information Technology	+₹4.8 cr0.0% shares	13.02M	1.1%	+₹61.3 cr	Unchanged
Capri Global Capital Ltd.CGCL	Financial Services	+₹57.8 cr—	2.25M	1.1%	+₹57.8 cr	New
Ideaforge Technology LimitedIDEAFORGE	Information Technology	−₹5.7 cr0.0% shares	713.08K	1.0%	+₹56.7 cr	Unchanged
Kirloskar Brothers LimitedKIRLOSBROS	Capital Goods	+₹89.0 L0.0% shares	295.60K	1.0%	+₹56.2 cr	Unchanged
Manappuram Finance Ltd.MANAPPURAM	Financial Services	−₹68.5 cr−50.7% shares	1.65M	1.0%	+₹56.1 cr	Reduced
Tilaknagar Industries LimitedTI	Fast Moving Consumer Goods	+₹9.6 cr0.0% shares	999.44K	1.0%	+₹56.1 cr	Unchanged
Mold-Tek Packaging LimitedMOLDTKPAC	Capital Goods	+₹2.9 cr0.0% shares	774.43K	1.0%	+₹54.9 cr	Unchanged
DOMS Industries Ltd.DOMS	Fast Moving Consumer Goods	−₹66.8 L−0.0% shares	241.42K	1.0%	+₹53.9 cr	Reduced
Ganesha Ecosphere LimitedGANECOS	Consumer Services	−₹8.6 cr0.0% shares	529.46K	1.0%	+₹54.1 cr	Unchanged
Acutaas Chemicals Ltd.ACUTAAS	Healthcare	+₹93.2 L0.0% shares	167.39K	1.0%	+₹52.9 cr	Unchanged
Stove Kraft LimitedSTOVEKRAFT	Consumer Durables	−₹3.2 cr−13.8% shares	597.71K	0.9%	+₹50.8 cr	Reduced
GE Vernova T&D India Ltd.GVT&D	Capital Goods	+₹1.3 cr0.0% shares	108.11K	0.9%	+₹48.1 cr	Unchanged
Gokaldas Exports LimitedGOKEX	Consumer Services	−₹2.1 cr0.0% shares	617.97K	0.9%	+₹48.3 cr	Unchanged
Laurus Labs Ltd.LAURUSLABS	Healthcare	+₹2.5 cr0.0% shares	251.46K	0.9%	+₹48.2 cr	Unchanged
Mahindra Logistics LimitedMAHLOG	Services	−₹2.2 cr0.0% shares	1.22M	0.9%	+₹47.9 cr	Unchanged
Welspun Corp Ltd.WELCORP	Capital Goods	−₹18.2 cr−50.0% shares	200.00K	0.9%	+₹47.8 cr	Reduced
Adani Green Energy Ltd.ADANIGREEN	Power	−₹6.4 cr0.0% shares	380.00K	0.8%	+₹46.2 cr	Unchanged
NBCC (India) Ltd.NBCC	Construction	−₹4.5 cr0.0% shares	5.28M	0.8%	+₹45.5 cr	Unchanged
Ratnamani Metals & Tubes LimitedRATNAMANI	Capital Goods	+₹5.0 cr0.0% shares	170.43K	0.8%	+₹45.2 cr	Unchanged
Titagarh Rail Systems Ltd.TITAGARH	Capital Goods	−₹39.1 L0.0% shares	551.11K	0.8%	+₹45.1 cr	Unchanged
Bajaj Auto Ltd.BAJAJ-AUTO	Automobile and Auto Components	+₹2.1 cr0.0% shares	34.68K	0.8%	+₹42.1 cr	Unchanged
Blue Star Ltd.BLUESTARCO	Consumer Durables	−₹6.2 cr0.0% shares	284.70K	0.8%	+₹41.7 cr	Unchanged
Aarti Industries Ltd.AARTIIND	Chemicals	+₹2.7 cr0.0% shares	776.90K	0.8%	+₹40.7 cr	Unchanged
Aditya Birla Real Estate Ltd.ABREL	Realty	−₹23.3 cr−33.1% shares	303.84K	0.8%	+₹41.2 cr	Reduced
Bandhan Bank Ltd.BANDHANBNK	Financial Services	−₹2.7 cr0.0% shares	2.50M	0.8%	+₹40.9 cr	Unchanged
Gabriel India Ltd.GABRIEL	Automobile and Auto Components	+₹3.6 cr+9.8% shares	286.90K	0.8%	+₹41.3 cr	Increased
LG Balakrishnan & Bros LimitedLGBBROSLTD	Automobile and Auto Components	+₹2.5 cr0.0% shares	242.63K	0.8%	+₹41.1 cr	Unchanged
Kilburn Engineering LimitedKLBRENG-B	Capital Goods	−₹66.0 L0.0% shares	950.00K	0.7%	+₹40.7 cr	Unchanged
P N Gadgil Jewellers LimitedPNGJL	Consumer Durables	−₹5.9 cr0.0% shares	682.07K	0.7%	+₹39.8 cr	Unchanged
Kalyan Jewellers India Ltd.KALYANKJIL	Consumer Durables	−₹69.6 L0.0% shares	600.00K	0.7%	+₹36.1 cr	Unchanged
Arvind Fashions LimitedARVINDFASN	Consumer Services	+₹19.8 L0.0% shares	790.87K	0.7%	+₹35.8 cr	Unchanged
Sun TV Network Ltd.SUNTV	Media Entertainment & Publication	−₹2.9 cr0.0% shares	680.32K	0.6%	+₹31.7 cr	Unchanged
Kajaria Ceramics Ltd.KAJARIACER	Consumer Durables	+₹1.1 cr0.0% shares	242.97K	0.6%	+₹30.2 cr	Unchanged
Foseco India LimitedFOSECOIND	Chemicals	+₹28.4 cr—	44.10K	0.5%	+₹28.4 cr	New
Globus Spirits LimitedGLOBUSSPR	Fast Moving Consumer Goods	−₹16.6 cr−39.4% shares	307.43K	0.5%	+₹28.2 cr	Reduced
Oswal Pumps LimitedOSWALPUMPS	Capital Goods	−₹3.5 cr0.0% shares	947.80K	0.5%	+₹27.7 cr	Unchanged
Bank of MaharashtraMAHABANK	Financial Services	+₹8.0 cr+37.7% shares	3.29M	0.5%	+₹27.0 cr	Increased
Symbiotec Pharmalab LimitedSYMBIOTEC	Healthcare	+₹25.0 cr—	253.05K	0.5%	+₹25.0 cr	New
Krishna Institute of Medical Sciences Ltd.KIMS	Healthcare	−₹1.6 cr0.0% shares	328.60K	0.5%	+₹24.8 cr	Unchanged
Bata India Ltd.BATAINDIA	Consumer Durables	+₹23.9 cr—	350.00K	0.4%	+₹23.9 cr	New
Cholamandalam Financial Holdings Ltd.CHOLAHLDNG	Financial Services	−₹78.4 L0.0% shares	160.92K	0.4%	+₹23.9 cr	Unchanged
Lumax Auto Technologies LimitedLUMAXTECH	Automobile and Auto Components	−₹8.3 cr−43.9% shares	114.92K	0.4%	+₹23.9 cr	Reduced
Mrs. Bectors Food Specialities LimitedBECTORFOOD	Fast Moving Consumer Goods	+₹2.1 cr0.0% shares	1.04M	0.4%	+₹23.7 cr	Unchanged
Inox Green Energy Services LimitedINOXGREEN	Services	+₹20.0 cr—	1.20M	0.4%	+₹20.0 cr	New
JSW Energy Ltd.JSWENERGY	Power	−₹1.3 cr0.0% shares	377.29K	0.4%	+₹19.6 cr	Unchanged
Navin Fluorine International Ltd.NAVINFLUOR	Chemicals	+₹2.3 cr0.0% shares	21.18K	0.3%	+₹18.4 cr	Unchanged
Fedbank Financial Services LimitedFEDFINA	Financial Services	+₹33.3 L0.0% shares	975.94K	0.3%	+₹15.3 cr	Unchanged
AGI Greenpac LimitedAGI	Capital Goods	+₹1.2 cr0.0% shares	174.69K	0.3%	+₹13.6 cr	Unchanged
Jamna Auto Industries LimitedJAMNAAUTO	Automobile and Auto Components	−₹98.0 L0.0% shares	1.00M	0.2%	+₹12.2 cr	Unchanged
LMW LimitedLMW	Capital Goods	+₹83.4 L0.0% shares	2.96K	0.1%	+₹5.6 cr	Unchanged
CreditAccess Grameen Ltd.CREDITACC	Financial Services	−₹18.6 cr−75.3% shares	36.60K	0.1%	+₹5.0 cr	Reduced
Dalmia Bharat Ltd.DALBHARAT	Construction Materials	−₹27.7 cr−100.0% shares	0	—	₹0	Exited

Mahindra Manulife Small Cap Fund

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Intersector Rotation

Intrasector Rotation — Fast Moving Consumer Goods

Capital Rotation

Current portfolio

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Capital Rotation

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Intersector Rotation

Intrasector Rotation — Fast Moving Consumer Goods

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