Flexi Cap · Equity

Mahindra Manulife Flexi Cap Fund

Mahindra Manulife Investment Management Pvt Ltd

Benchmark

Nifty 500 TRI

Riskometer

Very High

Size

₹1,502 cr

Allotted

23 Aug 2021

Holdings as of

30 Sep 2026

Mahindra Manulife Flexi Cap Fund is a flexi cap fund of Mahindra Manulife Investment Management Pvt Ltd with ₹1,502 cr under management. It is ahead of its benchmark (Nifty 500 TRI) in 1 of 3 periods. Its direct plan charges 0.99% a year.

Has Mahindra Manulife Flexi Cap Fund beaten its benchmark?

Ahead of its benchmark, Nifty 500 TRI, in 1 of 3 periods in AMFI's figures; −4.65% over the last year against −4.30%.

Period returns

Direct Plan, growth · 3y and longer a year

Period	Fund	Nifty 500 TRI	Ahead
1 month	−3.52%	−3.60%	—
3 months	−3.83%	−5.03%	—
6 months	−1.49%	−1.83%	—
1 year	−4.76%	−4.06%	−0.70 pts
3 years	+8.71%	+9.27%	−0.56 pts
5 years	+9.46%	+8.00%	+1.46 pts
10 years	—	+12.69%	—
Since start from 25 Aug 2021	+10.41%	—	—

Valarth price history to 14 Oct 2026 · the index is the one the fund is nearest; — not on record

Official figures

AMFI performance feed, 13 Oct 2026

Ahead of its benchmark (Nifty 500 TRI) in 1 of 3 periods.

Period	Direct	Regular	Benchmark	Ahead	Rank
1y	−4.65%	−6.12%	−4.30%	−0.35	🔒
3y	+8.91%	+7.15%	+9.33%	−0.42	🔒
5y	+9.80%	+7.88%	+8.24%	+1.56	🔒
10y	—	—	—	—	—

Ahead in points a year · its rank among Flexi Cap funds, and how steady the lead is, in the app

Value of 100, month-end

Aug 2021 to 14 Oct 2026

Fund 166Nifty 500 TRI 159

₹100 put in at the start of Aug 2021 would be ₹166 on 14 Oct 2026, against ₹159 in the Nifty 500 TRI.

Risk, falls and every year

🔒 Pro

Its worst fall and how long it took to recover, three-year stretches, Sharpe, beta and capture ratios, calendar years beside the index, and money in and out: in the app.

See them in the app →

What does Mahindra Manulife Flexi Cap Fund cost?

0.99% a year on the direct plan, 2.49% on the regular plan; 23 of 46 funds in its category charge less.

Direct plan

0.99% a year

Category median 0.96%

Regular plan

2.49% a year

Category median 2.19%

Gap

1.50 points

for the same holdings

23 of 46 funds in its category charge less on the direct plan.

Expense report, Oct 2026 · Equity Schemes - Flexi Cap Fund

What the regular plan costs you over time

🔒 Pro

The same money left for years in the direct and the regular plan, side by side, and what the commission takes: in the app.

Who manages Mahindra Manulife Flexi Cap Fund?

ManagersNot on record

Benchmark as filedNifty 500 TRI

Exit load

Exit Load: 1%* *An Exit Load of 1.00% is payable if Units are redeemed / switched-out upto 3 months from the date of allotment; Nil if Units are redeemed / switched-out after 3 months from the date of allotment.

From 9 Scheme Summary Documents filed with NSE, first on 14 Apr 2026; as on 12 Oct 2026

What does Mahindra Manulife Flexi Cap Fund hold?

76 holdings as of 30 Sep 2026; the ten largest are 27.9% of the fund, the largest ICICI Bank Limited at 6.4%.

Mix

Holdings as of 30 Sep 2026

Equity96.8%Debt0.0%Cash4.1%Other0.0%

Holdings

72 shares

Top ten

27.9%

of the fund

Effective holdings

52.3

spread, as if equal-weighted

Matched to our table

100%

of the equity

Five largest

% of fund

ICICI Bank Limited6.44%

HDFC Bank Limited3.93%

Axis Bank Limited2.55%

Eternal Limited2.50%

Bharti Airtel Limited2.49%

Five largest industries

% of fund

Banks22.7%

Pharmaceuticals & Biotechnology10.1%

Retailing6.40%

Industrial Products5.00%

Finance5.00%

By company size

% of equity · SEBI size lists

Large Cap53.0%Mid Cap23.2%Small Cap23.7%

How does Mahindra Manulife Flexi Cap Fund score against its category?

Seven scores against funds of its kind, and the warning signs it trips.

Scorecard

🔒 Pro

Seven scores, each out of 5, against funds in its category, with the reasons, and the warning signs it trips: in the app.

Open scorecard in the app →

Are the companies inside any good?

The holdings by valuation, forensic risk, business quality and balance sheet, weighted by their share of the fund.

The companies inside

🔒 Pro

The holdings weighted by their share of the fund: P/E and ROE, forensic risk levels, Valarth's valuation view, quality, moats, balance sheets and who owns them: in the app.

How is Mahindra Manulife Flexi Cap Fund run?

Turnover, what it bought and sold, its cash and its record in new listings, from its monthly holdings files.

How it is run

🔒 Pro

Turnover, what it bought and sold and when, how long it holds, size drift, cash and its record in new listings, from up to two years of monthly holdings files: in the app.

Which funds hold much the same?

The index it is nearest and the funds whose holdings overlap most.

Moves with its indexnot an index tracker

Nearest to the Nifty 50: 59% of it differs from the index (an active fund is usually above 60%).

Active share 59.0%60%

Funds that hold much the same

% of holdings in common

Mahindra Manulife ELSS Tax Saver Fund51.8% the same

31 shared holdings

Mahindra Manulife Aggressive Hybrid Fund48.9% the same

38 shared holdings

Mahindra Manulife Large & Mid Cap Fund48.2% the same

34 shared holdings

How much is in its sponsor's own group?

Holdings in companies of the fund house's sponsor group, beside the index.

Related-party exposure

🔒 Pro

How much of the fund is in companies of its sponsor's own group, beside what the index holds of them: in the app.

Questions people ask

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

0.99% a year on the direct plan and 2.49% on the regular plan (expense report, Oct 2026).

How has Mahindra Manulife Flexi Cap Fund done?

Its direct plan returned +8.91% a year over 3 years against +9.33% for its benchmark, Nifty 500 TRI, as of 13 Oct 2026.