What stocks does Mahindra Manulife Flexi Cap Fund hold?

Mahindra Manulife Flexi Cap Fund holds a portfolio of Indian equity stocks disclosed monthly by Mahindra Manulife Mutual Fund to AMFI. The complete current holdings with weights and month-over-month changes are available on this page. Data is sourced from official AMFI portfolio disclosures.

Which AMC manages Mahindra Manulife Flexi Cap Fund?

Mahindra Manulife Flexi Cap Fund is managed by Mahindra Manulife Mutual Fund, a SEBI-registered Asset Management Company in India.

What category is Mahindra Manulife Flexi Cap Fund?

Mahindra Manulife Flexi Cap Fund is classified as a Flexi Cap mutual fund under SEBI's mutual fund categorisation framework.

How often is Mahindra Manulife Flexi Cap Fund portfolio data updated?

Portfolio holdings for Mahindra Manulife Flexi Cap Fund are updated monthly. SEBI mandates all AMCs to disclose their complete portfolio within 10 days of each month end. RightAdvise sources this data directly from official AMFI portfolio disclosures.

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Mahindra Manulife Flexi Cap Fund - Direct Plan -Growth

Flexi Cap Data as of Oct 2026 Comparing Sep 2026 → Oct 2026

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Stocks Held

Oct 2026

Equity Holdings

₹1,398.77 Cr

Equity only, excl. debt & cash

AAUM

₹1,562.01 Cr

Jul-Sep 2026 · Direct + Regular

Top 5 Weight

18.9%

Diversified

Top 10 Weight

29.5%

Diversified

Changes

1 new · 3 exits

Top Sector

Banks

21.7% of portfolio

Launch Date

30 Jul 2021

5 years old

AAUM (Average Assets Under Management) of ₹1,562.01 Cr for Jul-Sep 2026 is the combined figure across Direct and Regular plans — sourced from AMFI India's quarterly disclosure. Equity Holdings above shows only the stock portion from the latest portfolio filing.

📋 What Happened This Month Mahindra Manulife Flexi Cap Fund made 1 new addition and exited 3 stocks this month. The biggest new buy was Aditya Birla Capital Limited (Finance) at 0.50% weight. Jubilant Ingrevia Limited was the biggest exit (Chemicals & Petrochemicals), which was held at 1.09%. Among existing holdings, One 97 Communications Limited saw the biggest increase — now at 1.10% of the portfolio. Sun Pharmaceutical Industries Limited was trimmed the most, now at 1.11%. ICICI Bank Limited remains the top holding with Banks the dominant sector at 21.7%. ↓ Scroll down for full holdings, sector allocation and month-on-month changes in detail.

How Has the NAV Performed?

1 year history · Mahindra Manulife Flexi Cap Fund - Direct Plan -Growth

+5.91%

+0.36%

+5.88%

-1.37%

Latest NAV

₹17.72

13 Nov 2026

52W High

₹18.22

-3% from High

52W Low

₹15.52

+14% from Low

Calendar Year Returns

Jan 1 to Dec 31 each year. Simple point-to-point — not CAGR.

2025

+8.6%

2024

+16.6%

2023

+33.2%

2022

+3.5%

Rolling Returns

Performance across every possible investment start date.

1Y Rolling Avg

15.0%

+ve in 87% windows

49.3% / -8.9%

3Y Rolling Avg

17.0% p.a.

+ve in 100% windows

25.4% / 7.7%

5Y Rolling Avg

10.4% p.a.

+ve in 100% windows

10.9% / 9.7%

Crisis Period Behaviour

"Pre-inception" = fund didn't exist during that period.

2024–25 Tariff

-16.9%

Rec: Oct 2025 (1yr)

COVID-19 Crash

Pre-inception

Rec: N/A

2022 Rate Hike

-17.2%

Rec: Sep 2022 (4 mo)

2018 IL&FS

Pre-inception

Rec: N/A

Risk Ratios

3 years daily NAV · Risk-free rate 6.5% p.a. · CAGR, Sharpe Ratio & Standard Deviation — Mutual Fund Guide →

Sharpe Ratio (3Y)

0.22

Return per unit of risk. >1 is good.

Sortino Ratio (3Y)

0.30

Penalises downside volatility only.

Std Deviation (3Y)

13.7%

Lower = more consistent returns.

NAV Chart ₹17.72 13 Nov 2026

Simple Moving Avg: Click to draw · click again to remove

Mahindra Manulife Flexi Cap Fund - Direct Plan -Growth

Chart shows indexed performance (base = 100). Actual NAV: ₹17.72

Sector Shift Industry allocation month-over-month

Aug 2026 → Sep 2026

Sector	Prev	Curr ▼	Delta
Banks	22.2%	22.0%	▼ -0.2%
Pharmaceuticals & Biotechnology	8.2%	9.7%	▲ +1.6%
Retailing	6.3%	6.2%	▼ -0.1%
Industrial Products	4.4%	4.8%	▲ +0.4%
Finance	6.4%	4.8%	▼ -1.6%
IT - Software	4.2%	4.1%	▼ -0.2%
Automobiles	4.5%	3.7%	▼ -0.8%
Construction	3.5%	3.5%	● +0.0%
Telecom - Services	4.0%	3.4%	▼ -0.6%
Healthcare Services	2.3%	3.2%	▲ +0.9%

Sep 2026 → Oct 2026

Sector	Prev	Curr ▼	Delta
Banks	22.0%	21.7%	▼ -0.2%
Pharmaceuticals & Biotechnology	9.7%	9.8%	● +0.0%
Retailing	6.2%	6.5%	▲ +0.3%
IT - Software	4.1%	5.0%	▲ +0.9%
Industrial Products	4.8%	4.4%	▼ -0.4%
Finance	4.8%	4.3%	▼ -0.5%
Automobiles	3.7%	3.7%	● +0.0%
Construction	3.5%	3.4%	▼ -0.1%
Telecom - Services	3.4%	3.4%	● 0.0%
Healthcare Services	3.2%	3.0%	▼ -0.2%

🟢

Biggest New Buy

Aditya Birla Capital Limited

0.50% weight · Finance

🔴

Biggest Exit

Jubilant Ingrevia Limited

1.09% was held · Chemicals & Petrochemicals

↑

Biggest Add

One 97 Communications Limited

+0.59% · now 1.10%

↓

Biggest Trim

Sun Pharmaceutical Industries Limited

-0.45% · now 1.11%

🤝 Other funds also bought this month

Aditya Birla Capital Limited 12 funds

👋 Other funds also exited

Tata Capital Limited 12 funds

Jubilant Ingrevia Limited 10 funds

Bandhan Bank Limited 8 funds

What Changed in the Portfolio This Month?

Comparing Sep 2026 → Oct 2026

Sep 2026 → Oct 2026

🟢 1 New Entry 🔴 3 Exits ↑ 28 Increased ↓ 39 Decreased

#	Stock	Sector	Weight (Oct 2026)
1	Aditya Birla Capital Limited ₹7.39 Cr	Finance	0.50%

#	Stock	Sector	Last Weight (Sep 2026)
1	Jubilant Ingrevia Limited ₹16.44 Cr	Chemicals & Petrochemicals	1.09%
2	Bandhan Bank Limited ₹13.44 Cr	Banks	0.89%
3	Tata Capital Limited ₹8.02 Cr	Finance	0.53%

#	Stock	Sector	Sep 2026	Oct 2026	Change
1	One 97 Communications Limited ₹16.07 Cr	Financial Technology (Fintech)	0.51%	1.10%	+0.59%
2	ICICI Bank Limited ₹102.75 Cr	Banks	6.44%	7.01%	+0.57%
3	Coforge Limited ₹25.36 Cr	IT - Software	1.34%	1.73%	+0.39%
4	Tech Mahindra Limited ₹26.68 Cr	IT - Software	1.50%	1.82%	+0.32%
5	Acutaas Chemicals Ltd ₹20.65 Cr	Pharmaceuticals & Biotechnology	1.12%	1.41%	+0.29%
6	Kotak Mahindra Bank Limited ₹32.08 Cr	Banks	1.92%	2.19%	+0.27%
7	Reliance Industries Limited ₹30.29 Cr	Petroleum Products	1.81%	2.07%	+0.26%
8	Eternal Limited ₹40.46 Cr	Retailing	2.50%	2.76%	+0.26%
9	Persistent Systems Limited ₹21.17 Cr	IT - Software	1.22%	1.44%	+0.22%
10	Trent Limited ₹18.32 Cr	Retailing	1.05%	1.25%	+0.20%
11	The Federal Bank Limited ₹30.91 Cr	Banks	1.91%	2.11%	+0.20%
12	Radico Khaitan Limited ₹13.89 Cr	Beverages	0.78%	0.95%	+0.17%
13	Divi's Laboratories Limited ₹27.38 Cr	Pharmaceuticals & Biotechnology	1.72%	1.87%	+0.15%
14	Zydus Lifesciences Limited ₹20.29 Cr	Pharmaceuticals & Biotechnology	1.25%	1.38%	+0.13%
15	Larsen & Toubro Limited ₹31.34 Cr	Construction	2.02%	2.14%	+0.12%
16	Adani Ports and Special Economic Zone Limited ₹25.90 Cr	Transport Infrastructure	1.67%	1.77%	+0.10%
17	Hindustan Aeronautics Limited ₹15.53 Cr	Aerospace & Defense	0.99%	1.06%	+0.07%
18	TVS Motor Company Limited ₹23.54 Cr	Automobiles	1.53%	1.60%	+0.07%
19	Axis Bank Limited ₹38.21 Cr	Banks	2.55%	2.61%	+0.06%
20	Bharti Airtel Limited ₹37.30 Cr	Telecom - Services	2.49%	2.54%	+0.05%
21	Oil & Natural Gas Corporation Limited ₹20.29 Cr	Oil	1.35%	1.38%	+0.03%
22	HDFC Bank Limited ₹57.99 Cr	Banks	3.93%	3.95%	+0.02%
23	K.P.R. Mill Limited ₹7.57 Cr	Textiles & Apparels	0.50%	0.52%	+0.02%
24	Grasim Industries Limited ₹14.91 Cr	Cement & Cement Products	1.01%	1.02%	+0.01%
25	InterGlobe Aviation Limited ₹13.66 Cr	Transport Services	0.92%	0.93%	+0.01%
26	Astral Limited ₹15.53 Cr	Industrial Products	1.05%	1.06%	+0.01%
27	Aster DM Healthcare Limited ₹15.24 Cr	Healthcare Services	1.03%	1.04%	+0.01%
28	Titagarh Rail Systems Limited ₹14.19 Cr	Industrial Manufacturing	0.96%	0.97%	+0.01%

#	Stock	Sector	Sep 2026	Oct 2026	Change
1	Sun Pharmaceutical Industries Limited ₹16.25 Cr	Pharmaceuticals & Biotechnology	1.56%	1.11%	-0.45%
2	Doms Industries Limited ₹6.48 Cr	Household Products	0.73%	0.44%	-0.29%
3	Engineers India Limited ₹18.39 Cr	Construction	1.50%	1.25%	-0.25%
4	Ujjivan Small Finance Bank Limited ₹15.66 Cr	Banks	1.32%	1.07%	-0.25%
5	Bajaj Finance Limited ₹31.65 Cr	Finance	2.38%	2.16%	-0.22%
6	Carborundum Universal Limited ₹14.37 Cr	Industrial Products	1.16%	0.98%	-0.18%
7	Manipal Health Enterprises Ltd ₹8.06 Cr	Healthcare Services	0.73%	0.55%	-0.18%
8	Cochin Shipyard Limited ₹17.27 Cr	Industrial Manufacturing	1.35%	1.18%	-0.17%
9	Shriram Finance Limited ₹14.93 Cr	Finance	1.18%	1.02%	-0.16%
10	RBL Bank Limited ₹20.01 Cr	Banks	1.52%	1.36%	-0.16%
11	Suzlon Energy Limited ₹13.22 Cr	Electrical Equipment	1.02%	0.90%	-0.12%
12	Kirloskar Oil Engines Limited ₹7.18 Cr	Industrial Products	0.61%	0.49%	-0.12%
13	NMDC Limited ₹14.81 Cr	Minerals & Mining	1.12%	1.01%	-0.11%
14	Vishal Mega Mart Limited ₹9.72 Cr	Retailing	0.77%	0.66%	-0.11%
15	Elgi Equipments Limited ₹10.23 Cr	Industrial Products	0.81%	0.70%	-0.11%
16	Belrise Industries Ltd. ₹11.04 Cr	Auto Components	0.85%	0.75%	-0.10%
17	UNO Minda Limited ₹24.25 Cr	Auto Components	1.74%	1.65%	-0.09%
18	MTAR Technologies Limited ₹10.94 Cr	Aerospace & Defense	0.83%	0.75%	-0.08%
19	Adani Enterprises Limited ₹11.01 Cr	Metals & Minerals Trading	0.82%	0.75%	-0.07%
20	Tata Steel Limited ₹13.16 Cr	Ferrous Metals	0.96%	0.90%	-0.06%
21	Varun Beverages Limited ₹13.33 Cr	Beverages	0.97%	0.91%	-0.06%
22	IndusInd Bank Limited ₹21.08 Cr	Banks	1.50%	1.44%	-0.06%
23	Neuland Laboratories Limited ₹17.73 Cr	Pharmaceuticals & Biotechnology	1.27%	1.21%	-0.06%
24	Aarti Industries Limited ₹14.60 Cr	Chemicals & Petrochemicals	1.06%	1.00%	-0.06%
25	Acme Solar Holdings Ltd ₹17.00 Cr	Power	1.22%	1.16%	-0.06%
26	Piramal Finance Ltd ₹9.70 Cr	Finance	0.72%	0.66%	-0.06%
27	Vodafone Idea Limited ₹12.30 Cr	Telecom - Services	0.89%	0.84%	-0.05%
28	Smartworks Coworking Spaces Ltd. ₹14.66 Cr	Commercial Services & Supplies	1.05%	1.00%	-0.05%
29	Clean Max Enviro Energy Solutions Limited # ₹17.20 Cr	Power	1.22%	1.17%	-0.05%
30	Arvind Fashions Limited ₹7.94 Cr	Retailing	0.58%	0.54%	-0.04%
31	Bajaj Auto Limited ₹16.60 Cr	Automobiles	1.16%	1.13%	-0.03%
32	Schaeffler India Limited ₹7.15 Cr	Auto Components	0.52%	0.49%	-0.03%
33	CarTrade Tech Limited ₹18.51 Cr	Retailing	1.29%	1.26%	-0.03%
34	Maruti Suzuki India Limited ₹14.47 Cr	Automobiles	1.01%	0.99%	-0.02%
35	Torrent Pharmaceuticals Limited ₹24.45 Cr	Pharmaceuticals & Biotechnology	1.69%	1.67%	-0.02%
36	Dr. Lal Path Labs Limited ₹20.30 Cr	Healthcare Services	1.40%	1.38%	-0.02%
37	Titan Company Limited ₹23.38 Cr	Consumer Durables	1.60%	1.59%	-0.01%
38	Anthem Biosciences Limited ₹16.42 Cr	Pharmaceuticals & Biotechnology	1.13%	1.12%	-0.01%
39	LG Electronics India Ltd ₹19.30 Cr	Consumer Durables	1.33%	1.32%	-0.01%

What Stocks Does This Fund Hold?

70 stocks — Oct 2026

#	Stock	Sector	Weight & Value
1	ICICI Bank Limited ₹102.75 Cr	Banks	7.01%
2	HDFC Bank Limited ₹57.99 Cr	Banks	3.95%
3	Eternal Limited ₹40.46 Cr	Retailing	2.76%
4	Axis Bank Limited ₹38.21 Cr	Banks	2.61%
5	Bharti Airtel Limited ₹37.30 Cr	Telecom - Services	2.54%
6	Kotak Mahindra Bank Limited ₹32.08 Cr	Banks	2.19%
7	Bajaj Finance Limited ₹31.65 Cr	Finance	2.16%
8	Larsen & Toubro Limited ₹31.34 Cr	Construction	2.14%
9	The Federal Bank Limited ₹30.91 Cr	Banks	2.11%
10	Reliance Industries Limited ₹30.29 Cr	Petroleum Products	2.07%
11	Divi's Laboratories Limited ₹27.38 Cr	Pharmaceuticals & Biotechnology	1.87%
12	Tech Mahindra Limited ₹26.68 Cr	IT - Software	1.82%
13	Adani Ports and Special Economic Zone Limited ₹25.90 Cr	Transport Infrastructure	1.77%
14	Coforge Limited ₹25.36 Cr	IT - Software	1.73%
15	Torrent Pharmaceuticals Limited ₹24.45 Cr	Pharmaceuticals & Biotechnology	1.67%
16	UNO Minda Limited ₹24.25 Cr	Auto Components	1.65%
17	TVS Motor Company Limited ₹23.54 Cr	Automobiles	1.60%
18	Titan Company Limited ₹23.38 Cr	Consumer Durables	1.59%
19	Multi Commodity Exchange of India Limited ₹21.37 Cr	Capital Markets	1.46%
20	Persistent Systems Limited ₹21.17 Cr	IT - Software	1.44%
21	IndusInd Bank Limited ₹21.08 Cr	Banks	1.44%
22	Acutaas Chemicals Ltd ₹20.65 Cr	Pharmaceuticals & Biotechnology	1.41%
23	Dr. Lal Path Labs Limited ₹20.30 Cr	Healthcare Services	1.38%
24	Zydus Lifesciences Limited ₹20.29 Cr	Pharmaceuticals & Biotechnology	1.38%
25	Oil & Natural Gas Corporation Limited ₹20.29 Cr	Oil	1.38%
26	RBL Bank Limited ₹20.01 Cr	Banks	1.36%
27	LG Electronics India Ltd ₹19.30 Cr	Consumer Durables	1.32%
28	CarTrade Tech Limited ₹18.51 Cr	Retailing	1.26%
29	Engineers India Limited ₹18.39 Cr	Construction	1.25%
30	Trent Limited ₹18.32 Cr	Retailing	1.25%
31	Polycab India Limited ₹17.75 Cr	Industrial Products	1.21%
32	Neuland Laboratories Limited ₹17.73 Cr	Pharmaceuticals & Biotechnology	1.21%
33	Cochin Shipyard Limited ₹17.27 Cr	Industrial Manufacturing	1.18%
34	Clean Max Enviro Energy Solutions Limited # ₹17.20 Cr	Power	1.17%
35	Acme Solar Holdings Ltd ₹17.00 Cr	Power	1.16%
36	Bajaj Auto Limited ₹16.60 Cr	Automobiles	1.13%
37	Anthem Biosciences Limited ₹16.42 Cr	Pharmaceuticals & Biotechnology	1.12%
38	Sun Pharmaceutical Industries Limited ₹16.25 Cr	Pharmaceuticals & Biotechnology	1.11%
39	One 97 Communications Limited ₹16.07 Cr	Financial Technology (Fintech)	1.10%
40	Ujjivan Small Finance Bank Limited ₹15.66 Cr	Banks	1.07%
41	Astral Limited ₹15.53 Cr	Industrial Products	1.06%
42	Hindustan Aeronautics Limited ₹15.53 Cr	Aerospace & Defense	1.06%
43	Aster DM Healthcare Limited ₹15.24 Cr	Healthcare Services	1.04%
44	Shriram Finance Limited ₹14.93 Cr	Finance	1.02%
45	Grasim Industries Limited ₹14.91 Cr	Cement & Cement Products	1.02%
46	NMDC Limited ₹14.81 Cr	Minerals & Mining	1.01%
47	Smartworks Coworking Spaces Ltd. ₹14.66 Cr	Commercial Services & Supplies	1.00%
48	Aarti Industries Limited ₹14.60 Cr	Chemicals & Petrochemicals	1.00%
49	Maruti Suzuki India Limited ₹14.47 Cr	Automobiles	0.99%
50	Carborundum Universal Limited ₹14.37 Cr	Industrial Products	0.98%
51	Titagarh Rail Systems Limited ₹14.19 Cr	Industrial Manufacturing	0.97%
52	Radico Khaitan Limited ₹13.89 Cr	Beverages	0.95%
53	InterGlobe Aviation Limited ₹13.66 Cr	Transport Services	0.93%
54	Varun Beverages Limited ₹13.33 Cr	Beverages	0.91%
55	Suzlon Energy Limited ₹13.22 Cr	Electrical Equipment	0.90%
56	Tata Steel Limited ₹13.16 Cr	Ferrous Metals	0.90%
57	Vodafone Idea Limited ₹12.30 Cr	Telecom - Services	0.84%
58	Belrise Industries Ltd. ₹11.04 Cr	Auto Components	0.75%
59	Adani Enterprises Limited ₹11.01 Cr	Metals & Minerals Trading	0.75%
60	MTAR Technologies Limited ₹10.94 Cr	Aerospace & Defense	0.75%
61	Elgi Equipments Limited ₹10.23 Cr	Industrial Products	0.70%
62	Vishal Mega Mart Limited ₹9.72 Cr	Retailing	0.66%
63	Piramal Finance Ltd ₹9.70 Cr	Finance	0.66%
64	Manipal Health Enterprises Ltd ₹8.06 Cr	Healthcare Services	0.55%
65	Arvind Fashions Limited ₹7.94 Cr	Retailing	0.54%
66	K.P.R. Mill Limited ₹7.57 Cr	Textiles & Apparels	0.52%
67	Aditya Birla Capital Limited ₹7.39 Cr	Finance	0.50%
68	Kirloskar Oil Engines Limited ₹7.18 Cr	Industrial Products	0.49%
69	Schaeffler India Limited ₹7.15 Cr	Auto Components	0.49%
70	Doms Industries Limited ₹6.48 Cr	Household Products	0.44%