MonitorDirect · GrowthWatch before adding
Mahindra Manulife Large Cap Fund
Mahindra Manulife Mutual FundEquity Schemes - Large Cap Fund7.6 years
The Scheme seeks to provide long term capital appreciation & provide long-term growth opportunities by investing in a portfolio constituted of equity & equity related securities and derivatives predominantly in large cap companies.
- NAV
- 24.1202
- 29 Oct 2026
- 1Y
- -9.7%
- Trailing CAGR
- AUM
- ₹646.81 Cr
- 30 Sept 2026
- Volatility
- High
- 16.4% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 29 Oct 2026
Stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
In three lines
Fits if · The fund beat the category median in 70% of rolling 3-year windows.
Prefer peers if · Prefer WhiteOak Capital Large Cap Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
7.6 years of path to read.
Engine status
Watch
Recent evidence is mixed. Compare peers before increasing exposure.
Expense ratio
Pass
1.09% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Watch
Peak-to-trough -35.3%. Ask whether you can hold through a similar fall.
Vs category
Pass
70% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Watch
Hemang Kapasi · 0.1 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Pass
Top 10 holdings ≈ 46.9% of the portfolio.
Browse category
Same-category peers are preloaded into compare when available.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
Drawdown rehearsal
This scheme’s worst fall on file is about 35%. Before you SIP, ask whether you would keep contributing through a similar drop - pausing on fear is the usual India MF failure mode.
SIP discipline
Monitor is recent mixed evidence - keep the SIP unless the buying brief says prefer peers, then swap with intent.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y-9.7%
- 3Y+9.2%
- 5Y+7.5%
- 10Yn/a
- SI+12.2%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y-8.8%
- 3Y-0.2%
- 5Y+6.4%
- 10Yn/a
- Since inception
- +12.2%
- Calendar-day CAGR
- Excess 1Y
- -2.6%
- Category median, same plan and option
- 3Y win rate
- +70%
- Windows beating the median
- 3Y percentile
- 25
- Vs comparable share classes
- SIP 3Y XIRR
- -0.2%
- Simulated monthly SIP
- Worst rolling 3Y
- +7.0%
- 1137 daily-ending windows
- Median rolling 3Y
- +16.6%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 646 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -35.3%
- Worst peak-to-trough
- Current
- -11.7%
- Below last peak
- Current spell
- 300 days
- Days below latest peak
- Time below peak
- +88%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 14 days
- 86 recovered episodes
- Longest recovery
- 243 days
- Trough to prior peak
24 Jan 2020 – 9 Nov 2020
Trough 23 Mar 2020 · recovered in 231 days
-35.3%
17 Jan 2022 – 24 Nov 2022
Trough 17 Jun 2022 · recovered in 160 days
-16.7%
27 Sept 2024 – 29 Oct 2025
Trough 28 Feb 2025 · recovered in 243 days
-15.1%
2 Jan 2026 – open
Trough 31 Mar 2026 · not recovered
-14.6%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
25
Vs category
34
Consistency
57
Risk-adjusted
47
Drawdown
12
Mean
35
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Monitor
Buying stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
Why this status
- Long-term category-relative performance remains stronger than the most recent rolling 1-year windows, which have deteriorated across multiple periods.
- Maximum drawdown exceeded 35%.
Supporting reads
- The fund beat the category median in 70% of rolling 3-year windows.
Portfolio
30 Sept 2026 · 47 holdings · top 10 are 46.9%.
- Top 5
- 31.4%
- Top 10
- 46.9%
- Largest holding
- 8.8%
- Effective holdings
- 28.5
ICICI Bank Ltd
Financial
8.8%
HDFC Bank Ltd
Financial
8.1%
Repo
Unspecified
5.1%
Reliance Industries Ltd
Energy & Utilities
5.0%
Bharti Airtel Ltd
Technology
4.5%
What changed
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
29 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
28 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
27 Oct 2026
DECISION
Status moved from MONITOR to REVIEW.
27 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
26 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
23 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
22 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
21 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
19 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
16 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
24 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
23 Sept 2026
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
WhiteOak Capital Large Cap Fund
WhiteOak Capital Mutual Fund
- 1Y
- -6.1%
- 3Y
- +13.2%
- Vol
- 12.6%
- Max DD
- -15.2%
- Sharpe
- 0.47
- 3Y win
- +100%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Invesco India Large Cap Fund
Invesco Mutual Fund
- 1Y
- -3.1%
- 3Y
- +14.0%
- Vol
- 15.6%
- Max DD
- -36.9%
- Sharpe
- 0.59
- 3Y win
- +73%
- Lower volatility
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Deeper drawdown
Axis Large Cap Fund
Axis Mutual Fund
- 1Y
- -6.7%
- 3Y
- +9.3%
- Vol
- 14.6%
- Max DD
- -30.1%
- Sharpe
- 0.53
- 3Y win
- +44%
- Lower volatility
- Shallower drawdown
- Lower TER
- Higher trailing returns
Canara Robeco Large Cap Fund
Canara Robeco Mutual Fund
- 1Y
- -8.6%
- 3Y
- +10.5%
- Vol
- 15.2%
- Max DD
- -32.6%
- Sharpe
- 0.54
- 3Y win
- +60%
- Lower volatility
- Shallower drawdown
- Lower TER
- Higher trailing returns
JM Large Cap Fund
JM Financial Mutual Fund
- 1Y
- -6.1%
- 3Y
- +10.5%
- Vol
- 13.5%
- Max DD
- -19.8%
- Sharpe
- 0.48
- 3Y win
- +42%
- Lower volatility
- Shallower drawdown
- Higher trailing returns
Caveat: Higher TER