Mahindra Manulife Flexi Cap Fund Direct Growth

Fund Overview

Fund Size

₹1,399 Cr

Expense Ratio

0.46%

ISIN

INF174V01AS2

Minimum SIP

₹1,000

Exit Load

1.00%

Inception Date

23 Aug 2021

About this fund

Mahindra Manulife Flexi Cap Fund Direct Growth is a Flexi Cap mutual fund schemes offered by Kotak Mahindra Mutual Fund. This fund has been in existence for 3 years, 5 months and 30 days, having been launched on 23-Aug-21.
As of 21-Feb-25, it has a Net Asset Value (NAV) of ₹15.49, Assets Under Management (AUM) of 1399.25 Crores, and an expense ratio of 0.46%.

Mahindra Manulife Flexi Cap Fund Direct Growth has given a CAGR return of 13.30% since inception.
The fund's asset allocation comprises around 97.60% in equities, 0.00% in debts, and 2.40% in cash & cash equivalents.
You can start investing in Mahindra Manulife Flexi Cap Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹1000.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+4.97%

+4.98% (Cat Avg.)

3 Years

+15.76%

+13.55% (Cat Avg.)

Since Inception

+13.30%

— (Cat Avg.)

Portfolio Summaryas of 31st January 2025

Equity	₹1,365.61 Cr	97.60%
Others	₹33.64 Cr	2.40%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
HDFC Bank Ltd	Equity	₹126.62 Cr	9.05%
ICICI Bank Ltd	Equity	₹115.7 Cr	8.27%
Reliance Industries Ltd	Equity	₹63.68 Cr	4.55%
Infosys Ltd	Equity	₹61.17 Cr	4.37%
Larsen & Toubro Ltd	Equity	₹53 Cr	3.79%
State Bank of India	Equity	₹50.08 Cr	3.58%
Tata Consultancy Services Ltd	Equity	₹41.74 Cr	2.98%
Hindustan Unilever Ltd	Equity	₹40.98 Cr	2.93%
Axis Bank Ltd	Equity	₹40.53 Cr	2.90%
Bharti Airtel Ltd	Equity	₹37.57 Cr	2.68%
Net Receivables / (Payables)	Cash	₹33.64 Cr	2.40%
Voltas Ltd	Equity	₹31.23 Cr	2.23%
Shree Cement Ltd	Equity	₹30.58 Cr	2.19%
Cholamandalam Investment and Finance Co Ltd	Equity	₹27.1 Cr	1.94%
Mahindra & Mahindra Ltd	Equity	₹26.91 Cr	1.92%
Tata Power Co Ltd	Equity	₹22.6 Cr	1.62%
Cipla Ltd	Equity	₹21.98 Cr	1.57%
Page Industries Ltd	Equity	₹21.91 Cr	1.57%
L&T Finance Ltd	Equity	₹21.82 Cr	1.56%
Eicher Motors Ltd	Equity	₹21.82 Cr	1.56%
Havells India Ltd	Equity	₹20.67 Cr	1.48%
Hindustan Petroleum Corp Ltd	Equity	₹20.42 Cr	1.46%
IndusInd Bank Ltd	Equity	₹19.82 Cr	1.42%
InterGlobe Aviation Ltd	Equity	₹19.46 Cr	1.39%
Britannia Industries Ltd	Equity	₹18.98 Cr	1.36%
ICICI Prudential Life Insurance Co Ltd	Equity	₹18.42 Cr	1.32%
Asian Paints Ltd	Equity	₹16.1 Cr	1.15%
Bharat Dynamics Ltd Ordinary Shares	Equity	₹16.09 Cr	1.15%
Bata India Ltd	Equity	₹15.3 Cr	1.09%
GHCL Ltd	Equity	₹15.17 Cr	1.08%
Suzlon Energy Ltd	Equity	₹15.12 Cr	1.08%
Vinati Organics Ltd	Equity	₹14.89 Cr	1.06%
JK Cement Ltd	Equity	₹14.5 Cr	1.04%
National Aluminium Co Ltd	Equity	₹14.46 Cr	1.03%
Jyoti CNC Automation Ltd	Equity	₹14.46 Cr	1.03%
LTIMindtree Ltd	Equity	₹14.13 Cr	1.01%
Navin Fluorine International Ltd	Equity	₹14.11 Cr	1.01%
Gland Pharma Ltd	Equity	₹13.72 Cr	0.98%
DOMS Industries Ltd	Equity	₹13.65 Cr	0.98%
ITC Ltd	Equity	₹13.43 Cr	0.96%
Bajaj Finance Ltd	Equity	₹13.4 Cr	0.96%
NCC Ltd	Equity	₹13.36 Cr	0.96%
Arvind Fashions Ltd	Equity	₹12.83 Cr	0.92%
Multi Commodity Exchange of India Ltd	Equity	₹12.61 Cr	0.90%
Gokaldas Exports Ltd	Equity	₹12.51 Cr	0.89%
Piramal Pharma Ltd	Equity	₹12.23 Cr	0.87%
Kaynes Technology India Ltd	Equity	₹11.98 Cr	0.86%
Info Edge (India) Ltd	Equity	₹11.59 Cr	0.83%
SKF India Ltd	Equity	₹11.32 Cr	0.81%
Power Grid Corp Of India Ltd	Equity	₹11.16 Cr	0.80%
UltraTech Cement Ltd	Equity	₹10.91 Cr	0.78%
Devyani International Ltd	Equity	₹10.56 Cr	0.76%
VIP Industries Ltd	Equity	₹10.38 Cr	0.74%
GlaxoSmithKline Pharmaceuticals Ltd	Equity	₹9.25 Cr	0.66%
Deepak Fertilisers & Petrochemicals Corp Ltd	Equity	₹7.27 Cr	0.52%
TVS Motor Co Ltd	Equity	₹6.88 Cr	0.49%
Indian Hotels Co Ltd	Equity	₹6.01 Cr	0.43%
Karur Vysya Bank Ltd	Equity	₹1.19 Cr	0.09%
Sai Life Sciences Ltd	Equity	₹0.13 Cr	0.01%
Vishal Mega Mart Ltd	Equity	₹0.11 Cr	0.01%

Allocation By Market Cap (Equity)

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Financial Services	₹447.3 Cr	31.97%
Industrials	₹220.35 Cr	15.75%
Consumer Cyclical	₹145.22 Cr	10.38%
Basic Materials	₹137.98 Cr	9.86%
Technology	₹117.04 Cr	8.36%
Energy	₹84.1 Cr	6.01%
Consumer Defensive	₹73.39 Cr	5.24%
Healthcare	₹57.3 Cr	4.10%
Communication Services	₹49.15 Cr	3.51%
Utilities	₹33.76 Cr	2.41%

Risk & Performance Ratios

Fund Managers

Manish Lodha

Since August 2021

Fatema Pacha

Since August 2021

Additional Scheme Detailsas of 31st January 2025

ISIN

INF174V01AS2

Expense Ratio

0.46%

Exit Load

1.00%

Fund Size

₹1,399 Cr

Age

3 years 5 months

Lumpsum Minimum

₹1,000

Fund Status

Open Ended Investment Company

Benchmark

Nifty 500 TR INR

Investment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

Capital Gains Taxation:

Dividend Taxation:

Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar Flexi Cap Funds

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Kotak Flexicap Fund Regular Growth Very High Risk	1.5%	1.0%	₹49112.04 Cr	7.0%
Baroda BNP Paribas Flexi Cap Fund Direct Growth Very High Risk	0.9%	1.0%	₹1212.50 Cr	4.8%
Baroda BNP Paribas Flexi Cap Fund Regular Growth Very High Risk	2.2%	1.0%	₹1212.50 Cr	3.5%
JM Flexicap Fund Regular Growth Very High Risk	1.8%	1.0%	₹5254.65 Cr	5.9%
ITI Flexi Cap Fund Direct Growth Very High Risk	0.1%	1.0%	₹1200.60 Cr	4.4%
ITI Flexi Cap Fund Regular Growth Very High Risk	2.0%	1.0%	₹1200.60 Cr	2.6%
Parag Parikh Flexi Cap Fund Regular Growth Very High Risk	1.3%	2.0%	₹87539.41 Cr	13.7%
Parag Parikh Flexi Cap Fund Direct Growth Very High Risk	0.6%	2.0%	₹87539.41 Cr	14.5%
Motilal Oswal Flexicap Fund Direct Growth Very High Risk	0.9%	1.0%	₹11855.06 Cr	19.5%
Motilal Oswal Flexicap Fund Regular Growth Very High Risk	1.7%	1.0%	₹11855.06 Cr	18.5%

About the AMC

Kotak Mahindra Mutual Fund

+91 22 61152100

https://www.kotakmf.com/

Total AUM

₹5,12,837 Cr

Address

2nd Floor, 12-BKC, Plot No C-12, Mumbai, 400 051

Other Funds by Kotak Mahindra Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Kotak FMP Series 327 Direct Growth Moderately High risk	-	0.0%	₹206.03 Cr	-
Kotak FMP Series 326 - 175 Days Direct Growth Moderate Risk	-	-	-	-
Kotak FMP Series 325 - 90 Days Direct Growth Moderate Risk	-	0.0%	-	-
Kotak FMP Series 324 - 109 Days Direct Growth Moderately High risk	-	0.0%	-	-
Kotak Healthcare Fund Direct Growth Very High Risk	0.8%	0.0%	₹415.85 Cr	8.5%
Kotak FMP Series 323 Direct Growth Low Risk	-	0.0%	-	-
Kotak Consumption Fund Direct Growth Very High Risk	0.6%	0.0%	₹1231.06 Cr	16.5%
Kotak Nifty G-Sec July 2033 Index Fund Direct Growth Moderate Risk	0.1%	0.0%	₹19.46 Cr	8.7%
Kotak Multi Asset Allocation Fund Direct Growth High Risk	0.4%	1.0%	₹7680.06 Cr	9.7%
Kotak S&P BSE Housing Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹17.59 Cr	2.9%
Kotak Fixed Maturity Plan 1174 Days Series 268 Direct Growth Low to Moderate Risk	-	0.0%	-	-
Kotak FMP Series 308 - 1125 Days Direct Growth Moderately High risk	-	0.0%	₹94.00 Cr	8.6%
Kotak Yearly Interval Plan Series 1 Direct Growth Low to Moderate Risk	-	0.0%	-	-
Kotak Fixed Maturity Plan 1355 Days Series 286 Direct Growth Low to Moderate Risk	-	-	-	-
Kotak FMP Series 304 Direct Growth Moderate Risk	-	-	₹109.38 Cr	9.1%
Kotak Fixed Maturity Plan Series 262 Direct Growth Low to Moderate Risk	-	0.0%	-	-
Kotak FMP Series 291 - 1826 Days Direct Growth Low to Moderate Risk	-	0.0%	-	-
Kotak Fixed Maturity Plan Series 264 Direct Growth Low to Moderate Risk	-	0.0%	-	-
Kotak FMP Series 310 - 1131 Days Direct Growth Moderate Risk	-	0.0%	₹125.59 Cr	7.7%
Kotak FMP Series 306 Direct Growth Moderate Risk	-	0.0%	-	-
Kotak Quarterly Interval Series 12 Direct Growth Low to Moderate Risk	-	0.0%	-	-
Kotak Fixed Maturity Plan Series 249 Direct Growth Low to Moderate Risk	-	0.0%	-	-
Kotak FMP Series 295 Direct Growth Moderate Risk	-	0.0%	-	-
Kotak Fixed Maturity Plan Series 258 Direct Growth Low to Moderate Risk	-	0.0%	-	-
Kotak FMP Series 298 Direct Growth Low to Moderate Risk	-	0.0%	-	-
Kotak FMP Series 290 - 1180 Days Direct Growth Low to Moderate Risk	-	0.0%	-	-
Kotak Monthly Interval Series 4 Direct Growth Low to Moderate Risk	-	0.0%	-	-
Kotak FMP Series 293 - 1826 Days Direct Growth Moderate Risk	-	0.0%	-	-
Kotak India Growth Fund Series IV Direct Growth Very High Risk	0.3%	0.0%	₹132.94 Cr	50.2%
Kotak Fixed Maturity Plan Series 260 Direct Growth Low to Moderate Risk	-	0.0%	-	-
Kotak FMP Series 287 - 1188 days Direct Growth Low to Moderate Risk	-	0.0%	-	-
Kotak Fixed Maturity Plan Series 272 Direct Growth Low to Moderate Risk	-	-	-	-
Kotak Fixed Maturity Plan Series 273 Direct Growth Low to Moderate Risk	-	-	-	-
Kotak FMP Series 305 Direct Growth Low to Moderate Risk	-	0.0%	₹33.56 Cr	7.6%
Kotak FMP Series 300 - 1223 days Direct Growth Low to Moderate Risk	-	0.0%	₹241.41 Cr	7.7%
Kotak Quarterly Interval Series 13 Direct Growth Low to Moderate Risk	-	0.0%	-	-
Kotak FMP Series 292 - 1735 Days Direct Growth Low to Moderate Risk	-	0.0%	₹447.13 Cr	8.0%
Kotak FMP Series 289 -1179 days Direct Growth Low to Moderate Risk	-	0.0%	-	-
Kotak FMP Series 288 -1177 days Direct Growth Low to Moderate Risk	-	0.0%	-	-
Kotak Small Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹16450.27 Cr	5.8%
Kotak Flexicap Fund Direct Growth Very High Risk	0.7%	1.0%	₹49112.04 Cr	7.9%
Kotak Equity Opportunities Fund Direct Growth Very High Risk	0.6%	1.0%	₹24533.81 Cr	8.2%
Kotak Taxsaver Fund Direct Growth Very High Risk	0.7%	0.0%	₹5892.76 Cr	4.9%
Kotak Nifty 200 Momentum 30 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹372.49 Cr	-4.4%
Kotak Nifty 50 Index Fund Direct Growth Very High Risk	0.1%	0.0%	₹742.20 Cr	4.1%
Kotak Infrastructure and Economic Reform Fund Direct Growth Very High Risk	0.7%	0.0%	₹2251.13 Cr	3.2%
Kotak Low Duration Fund Direct Growth Moderate Risk	0.4%	0.0%	₹11882.66 Cr	8.1%
Kotak Bluechip Fund Direct Growth Very High Risk	0.6%	1.0%	₹9267.66 Cr	7.5%
Kotak Bond Fund Direct Growth Moderate Risk	0.7%	0.0%	₹2087.67 Cr	8.1%
Kotak Bond Fund Short Term Plan Direct Growth Low to Moderate Risk	0.4%	0.0%	₹16979.34 Cr	8.3%

Risk Level

Your principal amount will be at Very High Risk

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Still got questions?
We're here to help.

What is the current NAV of Mahindra Manulife Flexi Cap Fund Direct Growth?

The NAV of Mahindra Manulife Flexi Cap Fund Direct Growth, as of 21-Feb-2025, is ₹15.49.

What are the returns of Mahindra Manulife Flexi Cap Fund Direct Growth?

The fund has generated 4.97% over the last 1 year and 15.76% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.

What is the portfolio composition of Mahindra Manulife Flexi Cap Fund Direct Growth?

The fund's allocation of assets is distributed as 97.60% in equities, 0.00% in bonds, and 2.40% in cash and cash equivalents.

Who manages the Mahindra Manulife Flexi Cap Fund Direct Growth?

The fund managers responsible for Mahindra Manulife Flexi Cap Fund Direct Growth are:-

Manish Lodha
Fatema Pacha

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

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Fund Overview

Fund Size

₹1,399 Cr

Expense Ratio

0.46%

ISIN

INF174V01AS2

Minimum SIP

₹1,000

Exit Load

1.00%

Inception Date

23 Aug 2021

Risk Level

Your principal amount will be at Very High Risk