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 Jun 2026 Comparing May 2026 → Jun 2026

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Stocks Held

Jun 2026

Equity Holdings

₹1,481.14 Cr

Equity only, excl. debt & cash

Top 5 Weight

22.0%

Diversified

Top 10 Weight

32.3%

Diversified

Changes

2 new · 5 exits

Top Sector

Banks

22.9% of portfolio

📋 What Happened This Month Mahindra Manulife Flexi Cap Fund made 2 new additions and exited 5 stocks this month. The biggest new buy was Polycab India Limited (Industrial Products) at 1.34% weight. Tata Consultancy Services Limited was the biggest exit (IT - Software), which was held at 2.07%. Among existing holdings, Axis Bank Limited saw the biggest increase — now at 2.19% of the portfolio. Hindustan Unilever Limited was trimmed the most, now at 0.83%. ICICI Bank Limited remains the top holding with Banks the dominant sector at 22.9%. ↓ 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

+1.80%

+2.07%

-3.07%

-2.17%

Latest NAV

₹17.24

14 Jul 2026

52W High

₹18.22

-5% from High

52W Low

₹14.96

+15% 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

16.4%

+ve in 91% windows

49.3% / -4.3%

3Y Rolling Avg

18.0% p.a.

+ve in 100% windows

25.4% / 12.8%

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. What do these mean? →

Sharpe Ratio (3Y)

0.55

Return per unit of risk. >1 is good.

Sortino Ratio (3Y)

0.76

Penalises downside volatility only.

Std Deviation (3Y)

13.5%

Lower = more consistent returns.

NAV Chart ₹17.24 14 Jul 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: ₹17.24

Sector Shift Industry allocation month-over-month

Apr 2026 → May 2026

Sector	Prev	Curr ▼	Delta
Banks	19.9%	21.9%	▲ +2.0%
Retailing	7.6%	7.6%	● -0.1%
IT - Software	6.2%	7.3%	▲ +1.1%
Pharmaceuticals & Biotechnology	5.9%	6.6%	▲ +0.7%
Telecom - Services	5.9%	6.1%	▲ +0.2%
Finance	5.3%	5.0%	▼ -0.3%
Automobiles	4.3%	4.2%	▼ -0.1%
Consumer Durables	4.9%	4.2%	▼ -0.7%
Construction	3.6%	3.5%	● -0.1%
Industrial Products	1.9%	3.1%	▲ +1.2%

May 2026 → Jun 2026

Sector	Prev	Curr ▼	Delta
Banks	21.9%	22.9%	▲ +0.9%
Retailing	7.6%	8.0%	▲ +0.5%
Pharmaceuticals & Biotechnology	6.6%	7.7%	▲ +1.1%
Finance	5.0%	5.5%	▲ +0.5%
Telecom - Services	6.1%	5.1%	▼ -1.0%
Industrial Products	3.1%	4.5%	▲ +1.4%
IT - Software	7.3%	4.4%	▼ -3.0%
Automobiles	4.2%	4.2%	● 0.0%
Consumer Durables	4.2%	4.0%	▼ -0.2%
Construction	3.5%	3.6%	● +0.0%

🟢

Biggest New Buy

Polycab India Limited

1.34% weight · Industrial Products

🔴

Biggest Exit

Tata Consultancy Services Limited

2.07% was held · IT - Software

↑

Biggest Add

Axis Bank Limited

+1.06% · now 2.19%

↓

Biggest Trim

Hindustan Unilever Limited

-0.89% · now 0.83%

🤝 Other funds also bought this month

Polycab India Limited 36 funds

Acme Solar Holdings Ltd 27 funds

👋 Other funds also exited

Tata Consultancy Services Limited 35 funds

Oil India Limited 31 funds

Britannia Industries Limited 22 funds

Dabur India Limited 11 funds

Wakefit Innovations Limited 2 funds

What Changed in the Portfolio This Month?

Comparing May 2026 → Jun 2026

May 2026 → Jun 2026

🟢 2 New Entries 🔴 5 Exits ↑ 33 Increased ↓ 29 Decreased

#	Stock	Sector	Weight (Jun 2026)
1	Polycab India Limited ₹20.92 Cr	Industrial Products	1.34%
2	Acme Solar Holdings Ltd ₹2.85 Cr	Power	0.18%

#	Stock	Sector	Last Weight (May 2026)
1	Tata Consultancy Services Limited ₹31.62 Cr	IT - Software	2.07%
2	Britannia Industries Limited ₹19.00 Cr	Food Products	1.24%
3	Dabur India Limited ₹17.29 Cr	Personal Products	1.13%
4	Oil India Limited ₹13.33 Cr	Oil	0.87%
5	Wakefit Innovations Limited ₹2.61 Cr	Consumer Durables	0.17%

#	Stock	Sector	May 2026	Jun 2026	Change
1	Axis Bank Limited ₹34.18 Cr	Banks	1.13%	2.19%	+1.06%
2	Anthem Biosciences Limited ₹15.26 Cr	Pharmaceuticals & Biotechnology	0.03%	0.98%	+0.95%
3	Titagarh Rail Systems Limited ₹13.34 Cr	Industrial Manufacturing	0.54%	0.86%	+0.32%
4	Avenue Supermarts Limited ₹33.07 Cr	Retailing	1.82%	2.12%	+0.30%
5	Aster DM Healthcare Limited ₹13.63 Cr	Healthcare Services	0.57%	0.87%	+0.30%
6	ICICI Bank Limited ₹127.21 Cr	Banks	7.87%	8.16%	+0.29%
7	Bajaj Finance Limited ₹49.13 Cr	Finance	2.91%	3.15%	+0.24%
8	HDFC Bank Limited ₹73.97 Cr	Banks	4.52%	4.74%	+0.22%
9	Tata Capital Limited ₹22.01 Cr	Finance	1.21%	1.41%	+0.20%
10	Trent Limited ₹24.36 Cr	Retailing	1.37%	1.56%	+0.19%
11	InterGlobe Aviation Limited ₹15.03 Cr	Transport Services	0.81%	0.96%	+0.15%
12	The Federal Bank Limited ₹17.99 Cr	Banks	1.03%	1.15%	+0.12%
13	Persistent Systems Limited ₹15.14 Cr	IT - Software	0.85%	0.97%	+0.12%
14	Carborundum Universal Limited ₹16.43 Cr	Industrial Products	0.94%	1.05%	+0.11%
15	Kirloskar Oil Engines Limited ₹9.46 Cr	Industrial Products	0.51%	0.61%	+0.10%
16	Maruti Suzuki India Limited ₹22.87 Cr	Automobiles	1.39%	1.47%	+0.08%
17	K.P.R. Mill Limited ₹8.00 Cr	Textiles & Apparels	0.43%	0.51%	+0.08%
18	Mankind Pharma Limited ₹23.24 Cr	Pharmaceuticals & Biotechnology	1.42%	1.49%	+0.07%
19	Shriram Finance Limited ₹14.94 Cr	Finance	0.89%	0.96%	+0.07%
20	Eternal Limited ₹27.25 Cr	Retailing	1.69%	1.75%	+0.06%
21	RBL Bank Limited ₹21.04 Cr	Banks	1.29%	1.35%	+0.06%
22	Neuland Laboratories Limited ₹16.72 Cr	Pharmaceuticals & Biotechnology	1.01%	1.07%	+0.06%
23	Titan Company Limited ₹15.72 Cr	Consumer Durables	0.95%	1.01%	+0.06%
24	Doms Industries Limited ₹14.44 Cr	Household Products	0.89%	0.93%	+0.04%
25	Dr. Reddy's Laboratories Limited ₹25.11 Cr	Pharmaceuticals & Biotechnology	1.58%	1.61%	+0.03%
26	Godrej Properties Limited ₹16.11 Cr	Realty	1.00%	1.03%	+0.03%
27	Sun Pharmaceutical Industries Limited ₹24.21 Cr	Pharmaceuticals & Biotechnology	1.53%	1.55%	+0.02%
28	Engineers India Limited ₹17.56 Cr	Construction	1.11%	1.13%	+0.02%
29	Elgi Equipments Limited ₹10.74 Cr	Industrial Products	0.67%	0.69%	+0.02%
30	TVS Motor Company Limited ₹23.91 Cr	Automobiles	1.52%	1.53%	+0.01%
31	Cochin Shipyard Limited ₹18.85 Cr	Industrial Manufacturing	1.20%	1.21%	+0.01%
32	Suzlon Energy Limited ₹17.67 Cr	Electrical Equipment	1.12%	1.13%	+0.01%
33	Zydus Lifesciences Limited ₹16.01 Cr	Pharmaceuticals & Biotechnology	1.02%	1.03%	+0.01%

#	Stock	Sector	May 2026	Jun 2026	Change
1	Hindustan Unilever Limited ₹12.92 Cr	Diversified FMCG	1.72%	0.83%	-0.89%
2	Infosys Limited ₹18.79 Cr	IT - Software	1.99%	1.21%	-0.78%
3	Kotak Mahindra Bank Limited ₹41.97 Cr	Banks	3.45%	2.69%	-0.76%
4	Indus Towers Limited ₹15.12 Cr	Telecom - Services	1.70%	0.97%	-0.73%
5	Escorts Kubota Limited ₹7.10 Cr	Agricultural, Commercial & Construction Vehicles	0.90%	0.46%	-0.44%
6	Vodafone Idea Limited ₹15.04 Cr	Telecom - Services	1.19%	0.96%	-0.23%
7	Oil & Natural Gas Corporation Limited ₹21.14 Cr	Oil	1.56%	1.36%	-0.20%
8	Astral Limited ₹11.98 Cr	Industrial Products	0.93%	0.77%	-0.16%
9	Tata Power Company Limited ₹19.85 Cr	Power	1.42%	1.27%	-0.15%
10	LTIMindtree Limited ₹12.87 Cr	IT - Software	0.97%	0.83%	-0.14%
11	Bajaj Auto Limited ₹17.97 Cr	Automobiles	1.27%	1.15%	-0.12%
12	Tata Steel Limited ₹14.76 Cr	Ferrous Metals	1.07%	0.95%	-0.12%
13	Tech Mahindra Limited ₹20.93 Cr	IT - Software	1.45%	1.34%	-0.11%
14	CESC Limited ₹16.88 Cr	Power	1.19%	1.08%	-0.11%
15	Reliance Industries Limited ₹29.76 Cr	Petroleum Products	1.99%	1.91%	-0.08%
16	Jubilant Ingrevia Limited ₹15.30 Cr	Chemicals & Petrochemicals	1.06%	0.98%	-0.08%
17	NMDC Limited ₹18.74 Cr	Minerals & Mining	1.27%	1.20%	-0.07%
18	UNO Minda Limited ₹25.13 Cr	Auto Components	1.67%	1.61%	-0.06%
19	Aarti Industries Limited ₹15.35 Cr	Chemicals & Petrochemicals	1.04%	0.98%	-0.06%
20	Vishal Mega Mart Limited ₹13.59 Cr	Retailing	0.92%	0.87%	-0.05%
21	MTAR Technologies Limited ₹12.19 Cr	Aerospace & Defense	0.83%	0.78%	-0.05%
22	Crompton Greaves Consumer Electricals Limited ₹16.49 Cr	Consumer Durables	1.10%	1.06%	-0.04%
23	Info Edge (India) Limited ₹16.41 Cr	Retailing	1.09%	1.05%	-0.04%
24	Bandhan Bank Limited ₹15.40 Cr	Banks	1.03%	0.99%	-0.04%
25	Grasim Industries Limited ₹15.50 Cr	Cement & Cement Products	1.02%	0.99%	-0.03%
26	Bharti Airtel Limited ₹50.00 Cr	Telecom - Services	3.23%	3.21%	-0.02%
27	Adani Ports and Special Economic Zone Limited ₹25.34 Cr	Transport Infrastructure	1.65%	1.63%	-0.02%
28	IndusInd Bank Limited ₹25.00 Cr	Banks	1.62%	1.60%	-0.02%
29	Larsen & Toubro Limited ₹37.68 Cr	Construction	2.43%	2.42%	-0.01%

What Stocks Does This Fund Hold?

69 stocks — Jun 2026

#	Stock	Sector	Weight & Value
1	ICICI Bank Limited ₹127.21 Cr	Banks	8.16%
2	HDFC Bank Limited ₹73.97 Cr	Banks	4.74%
3	Bharti Airtel Limited ₹50.00 Cr	Telecom - Services	3.21%
4	Bajaj Finance Limited ₹49.13 Cr	Finance	3.15%
5	Kotak Mahindra Bank Limited ₹41.97 Cr	Banks	2.69%
6	Larsen & Toubro Limited ₹37.68 Cr	Construction	2.42%
7	Axis Bank Limited ₹34.18 Cr	Banks	2.19%
8	Avenue Supermarts Limited ₹33.07 Cr	Retailing	2.12%
9	Reliance Industries Limited ₹29.76 Cr	Petroleum Products	1.91%
10	Eternal Limited ₹27.25 Cr	Retailing	1.75%
11	Adani Ports and Special Economic Zone Limited ₹25.34 Cr	Transport Infrastructure	1.63%
12	UNO Minda Limited ₹25.13 Cr	Auto Components	1.61%
13	Dr. Reddy's Laboratories Limited ₹25.11 Cr	Pharmaceuticals & Biotechnology	1.61%
14	IndusInd Bank Limited ₹25.00 Cr	Banks	1.60%
15	Trent Limited ₹24.36 Cr	Retailing	1.56%
16	Sun Pharmaceutical Industries Limited ₹24.21 Cr	Pharmaceuticals & Biotechnology	1.55%
17	TVS Motor Company Limited ₹23.91 Cr	Automobiles	1.53%
18	Mankind Pharma Limited ₹23.24 Cr	Pharmaceuticals & Biotechnology	1.49%
19	Maruti Suzuki India Limited ₹22.87 Cr	Automobiles	1.47%
20	Tata Capital Limited ₹22.01 Cr	Finance	1.41%
21	Oil & Natural Gas Corporation Limited ₹21.14 Cr	Oil	1.36%
22	RBL Bank Limited ₹21.04 Cr	Banks	1.35%
23	Tech Mahindra Limited ₹20.93 Cr	IT - Software	1.34%
24	Polycab India Limited ₹20.92 Cr	Industrial Products	1.34%
25	Tata Power Company Limited ₹19.85 Cr	Power	1.27%
26	Cochin Shipyard Limited ₹18.85 Cr	Industrial Manufacturing	1.21%
27	Infosys Limited ₹18.79 Cr	IT - Software	1.21%
28	NMDC Limited ₹18.74 Cr	Minerals & Mining	1.20%
29	The Federal Bank Limited ₹17.99 Cr	Banks	1.15%
30	Bajaj Auto Limited ₹17.97 Cr	Automobiles	1.15%
31	Suzlon Energy Limited ₹17.67 Cr	Electrical Equipment	1.13%
32	Engineers India Limited ₹17.56 Cr	Construction	1.13%
33	CESC Limited ₹16.88 Cr	Power	1.08%
34	Neuland Laboratories Limited ₹16.72 Cr	Pharmaceuticals & Biotechnology	1.07%
35	Crompton Greaves Consumer Electricals Limited ₹16.49 Cr	Consumer Durables	1.06%
36	Info Edge (India) Limited ₹16.41 Cr	Retailing	1.05%
37	Carborundum Universal Limited ₹16.43 Cr	Industrial Products	1.05%
38	Godrej Properties Limited ₹16.11 Cr	Realty	1.03%
39	Zydus Lifesciences Limited ₹16.01 Cr	Pharmaceuticals & Biotechnology	1.03%
40	Titan Company Limited ₹15.72 Cr	Consumer Durables	1.01%
41	Grasim Industries Limited ₹15.50 Cr	Cement & Cement Products	0.99%
42	Voltas Limited ₹15.45 Cr	Consumer Durables	0.99%
43	Bandhan Bank Limited ₹15.40 Cr	Banks	0.99%
44	Aarti Industries Limited ₹15.35 Cr	Chemicals & Petrochemicals	0.98%
45	Jubilant Ingrevia Limited ₹15.30 Cr	Chemicals & Petrochemicals	0.98%
46	Anthem Biosciences Limited ₹15.26 Cr	Pharmaceuticals & Biotechnology	0.98%
47	Persistent Systems Limited ₹15.14 Cr	IT - Software	0.97%
48	Indus Towers Limited ₹15.12 Cr	Telecom - Services	0.97%
49	Vodafone Idea Limited ₹15.04 Cr	Telecom - Services	0.96%
50	InterGlobe Aviation Limited ₹15.03 Cr	Transport Services	0.96%
51	Shriram Finance Limited ₹14.94 Cr	Finance	0.96%
52	Tata Steel Limited ₹14.76 Cr	Ferrous Metals	0.95%
53	LG Electronics India Ltd ₹14.62 Cr	Consumer Durables	0.94%
54	Doms Industries Limited ₹14.44 Cr	Household Products	0.93%
55	Dr. Lal Path Labs Limited ₹14.40 Cr	Healthcare Services	0.92%
56	Aster DM Healthcare Limited ₹13.63 Cr	Healthcare Services	0.87%
57	Vishal Mega Mart Limited ₹13.59 Cr	Retailing	0.87%
58	Titagarh Rail Systems Limited ₹13.34 Cr	Industrial Manufacturing	0.86%
59	Hindustan Unilever Limited ₹12.92 Cr	Diversified FMCG	0.83%
60	LTIMindtree Limited ₹12.87 Cr	IT - Software	0.83%
61	MTAR Technologies Limited ₹12.19 Cr	Aerospace & Defense	0.78%
62	Astral Limited ₹11.98 Cr	Industrial Products	0.77%
63	Elgi Equipments Limited ₹10.74 Cr	Industrial Products	0.69%
64	Arvind Fashions Limited ₹10.70 Cr	Retailing	0.69%
65	Kirloskar Oil Engines Limited ₹9.46 Cr	Industrial Products	0.61%
66	Schaeffler India Limited ₹8.38 Cr	Auto Components	0.54%
67	K.P.R. Mill Limited ₹8.00 Cr	Textiles & Apparels	0.51%
68	Escorts Kubota Limited ₹7.10 Cr	Agricultural, Commercial & Construction Vehicles	0.46%
69	Acme Solar Holdings Ltd ₹2.85 Cr	Power	0.18%