MonitorDirect · GrowthWatch before adding
Mahindra Manulife Large & Mid Cap Fund
Mahindra Manulife Mutual FundEquity Schemes - Large & Mid Cap Fund6.8 years
The Scheme seeks long term capital growth through investments in equity and equity related securities of both large cap and mid cap stocks.
- NAV
- 29.6973
- 28 Oct 2026
- 1Y
- -2.6%
- Trailing CAGR
- AUM
- ₹2,753.02 Cr
- 30 Sept 2026
- Volatility
- High
- 17.7% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 28 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 56% of rolling 1-year windows.
Fits if · Risk-adjusted return sits above the documented risk-free proxy.
Prefer peers if · Prefer Axis Large & Mid Cap Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
6.8 years of path to read.
Engine status
Watch
Recent evidence is mixed. Compare peers before increasing exposure.
Expense ratio
Pass
0.83% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -32.9%. Ask whether you can hold through a similar fall.
Vs category
Watch
45% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Watch
Neelesh Dhamnaskar · 0.7 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 ≈ 27.6% 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 33%. 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-2.6%
- 3Y+11.7%
- 5Y+10.7%
- 10Yn/a
- SI+17.3%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y-0.9%
- 3Y+3.4%
- 5Y+10.1%
- 10Yn/a
- Since inception
- +17.3%
- Calendar-day CAGR
- Excess 1Y
- +2.2%
- Category median, same plan and option
- 3Y win rate
- +45%
- Windows beating the median
- 3Y percentile
- 14
- Vs comparable share classes
- SIP 3Y XIRR
- +3.4%
- Simulated monthly SIP
- Worst rolling 3Y
- +10.2%
- 941 daily-ending windows
- Median rolling 3Y
- +20.3%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 452 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -32.9%
- Worst peak-to-trough
- Current
- -7.6%
- Below last peak
- Current spell
- 58 days
- Days below latest peak
- Time below peak
- +86%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 15 days
- 88 recovered episodes
- Longest recovery
- 518 days
- Trough to prior peak
20 Feb 2020 – 28 Aug 2020
Trough 23 Mar 2020 · recovered in 158 days
-32.9%
27 Sept 2024 – 3 Aug 2026
Trough 3 Mar 2025 · recovered in 518 days
-20.0%
17 Jan 2022 – 13 Sept 2022
Trough 20 Jun 2022 · recovered in 85 days
-18.2%
2 Dec 2022 – 1 Jun 2023
Trough 28 Mar 2023 · recovered in 65 days
-11.1%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
14
Vs category
64
Consistency
50
Risk-adjusted
59
Drawdown
18
Mean
41
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
- Three-year return sits below the 25th percentile of comparable share classes.
Supporting reads
- The fund beat the category median in 56% of rolling 1-year windows.
- Risk-adjusted return sits above the documented risk-free proxy.
Portfolio
30 Sept 2026 · 72 holdings · top 10 are 27.6%.
- Top 5
- 16.3%
- Top 10
- 27.6%
- Largest holding
- 4.4%
- Effective holdings
- 56.4
ICICI Bank Ltd
Financial
4.4%
Repo
Unspecified
3.5%
Zomato Ltd
Technology
2.8%
Axis Bank Ltd
Financial
2.8%
The Federal Bank Ltd
Financial
2.8%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Axis Large & Mid Cap Fund
Axis Mutual Fund
- 1Y
- -0.6%
- 3Y
- +14.6%
- Vol
- 14.6%
- Max DD
- -31.9%
- Sharpe
- 0.80
- 3Y win
- +50%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Canara Robeco Large and Mid Cap Fund
Canara Robeco Mutual Fund
- 1Y
- -5.7%
- 3Y
- +12.6%
- Vol
- 16.4%
- Max DD
- -36.2%
- Sharpe
- 0.78
- 3Y win
- +53%
- Lower volatility
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Deeper drawdown
Helios Large & Mid Cap Fund
Helios Mutual Fund
- 1Y
- -3.4%
- 3Y
- n/a
- Vol
- 15.9%
- Max DD
- -18.0%
- Sharpe
- 0.03
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
Caveat: Higher TER · Lower trailing returns
JM Large & Mid Cap Fund
JM Financial Mutual Fund
- 1Y
- -4.2%
- 3Y
- n/a
- Vol
- 14.4%
- Max DD
- -15.5%
- Sharpe
- -0.27
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
Caveat: Higher TER · Lower trailing returns
WhiteOak Capital Large & Mid Cap Fund
WhiteOak Capital Mutual Fund
- 1Y
- -3.1%
- 3Y
- n/a
- Vol
- 14.5%
- Max DD
- -16.0%
- Sharpe
- 0.41
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
Caveat: Higher TER · Lower trailing returns