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.

← Mahindra Manulife Mutual Fund

Mahindra Manulife Flexi Cap Fund - Direct Plan -Growth

Flexi Cap Data as of May 2026 Comparing Apr 2026 → May 2026

Share: WhatsApp X

Stocks Held

May 2026

Equity Holdings

₹1,514.03 Cr

Equity only, excl. debt & cash

Top 5 Weight

22.0%

Diversified

Top 10 Weight

32.3%

Diversified

Changes

5 new · 4 exits

Top Sector

Banks

21.9% of portfolio

📋 What Happened This Month Mahindra Manulife Flexi Cap Fund made 5 new additions and exited 4 stocks this month. The biggest new buy was Crompton Greaves Consumer Electricals Limited (Consumer Durables) at 1.10% weight. NTPC Limited was the biggest exit (Power), which was held at 1.14%. Among existing holdings, Kotak Mahindra Bank Limited saw the biggest increase — now at 3.45% of the portfolio. Reliance Industries Limited was trimmed the most, now at 1.99%. ICICI Bank Limited remains the top holding with Banks the dominant sector at 21.9%. ↓ 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

+1.66%

+8.77%

-4.00%

-1.65%

Latest NAV

₹17.23

24 Jun 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

16.7%

+ve in 92% windows

49.3% / -4.3%

3Y Rolling Avg

18.1% 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)

0.64

Return per unit of risk. >1 is good.

Sortino Ratio (3Y)

0.89

Penalises downside volatility only.

Std Deviation (3Y)

13.4%

Lower = more consistent returns.

NAV Chart ₹17.23 24 Jun 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: ₹17.23

Sector Shift Industry allocation month-over-month

Mar 2026 → Apr 2026

Sector	Prev	Curr ▼	Delta
Banks	22.4%	19.9%	▼ -2.5%
Retailing	6.9%	7.6%	▲ +0.8%
IT - Software	8.4%	6.2%	▼ -2.2%
Telecom - Services	3.8%	5.9%	▲ +2.1%
Pharmaceuticals & Biotechnology	6.4%	5.9%	▼ -0.5%
Finance	4.5%	5.3%	▲ +0.8%
Consumer Durables	6.7%	4.9%	▼ -1.8%
Automobiles	5.2%	4.3%	▼ -0.9%
Power	3.5%	4.0%	▲ +0.6%
Construction	2.9%	3.6%	▲ +0.7%

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%

🟢

Biggest New Buy

Crompton Greaves Consumer Electricals Limited

1.10% weight · Consumer Durables

🔴

Biggest Exit

NTPC Limited

1.14% was held · Power

↑

Biggest Add

Kotak Mahindra Bank Limited

+1.34% · now 3.45%

↓

Biggest Trim

Reliance Industries Limited

-1.40% · now 1.99%

🤝 Other funds also bought this month

Grasim Industries Limited 23 funds

Persistent Systems Limited 23 funds

Crompton Greaves Consumer Electricals Limited 18 funds

Kirloskar Oil Engines Limited 14 funds

Titagarh Rail Systems Limited 10 funds

👋 Other funds also exited

Jubilant Foodworks Limited 18 funds

NTPC Limited 15 funds

Dixon Technologies (India) Limited 12 funds

L&T Finance Limited 9 funds

What Changed in the Portfolio This Month?

Comparing Apr 2026 → May 2026

Apr 2026 → May 2026

🟢 5 New Entries 🔴 4 Exits ↑ 35 Increased ↓ 30 Decreased

#	Stock	Sector	Weight (May 2026)
1	Crompton Greaves Consumer Electricals Limited ₹16.87 Cr	Consumer Durables	1.10%
2	Grasim Industries Limited ₹15.61 Cr	Cement & Cement Products	1.02%
3	Persistent Systems Limited ₹12.99 Cr	IT - Software	0.85%
4	Titagarh Rail Systems Limited ₹8.26 Cr	Industrial Manufacturing	0.54%
5	Kirloskar Oil Engines Limited ₹7.71 Cr	Industrial Products	0.51%

#	Stock	Sector	Last Weight (Apr 2026)
1	NTPC Limited ₹17.64 Cr	Power	1.14%
2	Dixon Technologies (India) Limited ₹17.42 Cr	Consumer Durables	1.13%
3	Jubilant Foodworks Limited ₹13.21 Cr	Leisure Services	0.86%
4	L&T Finance Limited ₹2.24 Cr	Finance	0.15%

#	Stock	Sector	Apr 2026	May 2026	Change
1	Kotak Mahindra Bank Limited ₹52.64 Cr	Banks	2.11%	3.45%	+1.34%
2	Infosys Limited ₹30.40 Cr	IT - Software	1.55%	1.99%	+0.44%
3	The Federal Bank Limited ₹15.75 Cr	Banks	0.68%	1.03%	+0.35%
4	Dabur India Limited ₹17.29 Cr	Personal Products	0.80%	1.13%	+0.33%
5	Carborundum Universal Limited ₹14.35 Cr	Industrial Products	0.62%	0.94%	+0.32%
6	Mankind Pharma Limited ₹21.68 Cr	Pharmaceuticals & Biotechnology	1.11%	1.42%	+0.31%
7	Zydus Lifesciences Limited ₹15.63 Cr	Pharmaceuticals & Biotechnology	0.72%	1.02%	+0.30%
8	Dr. Reddy's Laboratories Limited ₹24.11 Cr	Pharmaceuticals & Biotechnology	1.33%	1.58%	+0.25%
9	RBL Bank Limited ₹19.67 Cr	Banks	1.05%	1.29%	+0.24%
10	Elgi Equipments Limited ₹10.30 Cr	Industrial Products	0.50%	0.67%	+0.17%
11	Adani Ports and Special Economic Zone Limited ₹25.26 Cr	Transport Infrastructure	1.50%	1.65%	+0.15%
12	Astral Limited ₹14.16 Cr	Industrial Products	0.78%	0.93%	+0.15%
13	Indus Towers Limited ₹25.90 Cr	Telecom - Services	1.56%	1.70%	+0.14%
14	Bandhan Bank Limited ₹15.71 Cr	Banks	0.89%	1.03%	+0.14%
15	Dr. Lal Path Labs Limited ₹14.06 Cr	Healthcare Services	0.78%	0.92%	+0.14%
16	Vodafone Idea Limited ₹18.19 Cr	Telecom - Services	1.06%	1.19%	+0.13%
17	Engineers India Limited ₹16.91 Cr	Construction	0.98%	1.11%	+0.13%
18	NMDC Limited ₹19.36 Cr	Minerals & Mining	1.17%	1.27%	+0.10%
19	Eternal Limited ₹25.81 Cr	Retailing	1.65%	1.69%	+0.04%
20	Trent Limited ₹20.90 Cr	Retailing	1.33%	1.37%	+0.04%
21	Suzlon Energy Limited ₹17.10 Cr	Electrical Equipment	1.08%	1.12%	+0.04%
22	Neuland Laboratories Limited ₹15.38 Cr	Pharmaceuticals & Biotechnology	0.97%	1.01%	+0.04%
23	Doms Industries Limited ₹13.67 Cr	Household Products	0.85%	0.89%	+0.04%
24	Arvind Fashions Limited ₹10.48 Cr	Retailing	0.65%	0.69%	+0.04%
25	ICICI Bank Limited ₹120.24 Cr	Banks	7.84%	7.87%	+0.03%
26	Tech Mahindra Limited ₹22.11 Cr	IT - Software	1.42%	1.45%	+0.03%
27	Axis Bank Limited ₹17.24 Cr	Banks	1.10%	1.13%	+0.03%
28	Info Edge (India) Limited ₹16.70 Cr	Retailing	1.06%	1.09%	+0.03%
29	InterGlobe Aviation Limited ₹12.33 Cr	Transport Services	0.78%	0.81%	+0.03%
30	Shriram Finance Limited ₹13.58 Cr	Finance	0.87%	0.89%	+0.02%
31	Aster DM Healthcare Limited ₹8.74 Cr	Healthcare Services	0.55%	0.57%	+0.02%
32	K.P.R. Mill Limited ₹6.57 Cr	Textiles & Apparels	0.41%	0.43%	+0.02%
33	IndusInd Bank Limited ₹24.73 Cr	Banks	1.61%	1.62%	+0.01%
34	Sun Pharmaceutical Industries Limited ₹23.39 Cr	Pharmaceuticals & Biotechnology	1.52%	1.53%	+0.01%
35	Vishal Mega Mart Limited ₹14.03 Cr	Retailing	0.91%	0.92%	+0.01%

#	Stock	Sector	Apr 2026	May 2026	Change
1	Reliance Industries Limited ₹30.39 Cr	Petroleum Products	3.39%	1.99%	-1.40%
2	Tata Steel Limited ₹16.33 Cr	Ferrous Metals	2.04%	1.07%	-0.97%
3	Titan Company Limited ₹14.55 Cr	Consumer Durables	1.44%	0.95%	-0.49%
4	Tata Power Company Limited ₹21.67 Cr	Power	1.66%	1.42%	-0.24%
5	Avenue Supermarts Limited ₹27.77 Cr	Retailing	2.04%	1.82%	-0.22%
6	Cochin Shipyard Limited ₹18.34 Cr	Industrial Manufacturing	1.41%	1.20%	-0.21%
7	Larsen & Toubro Limited ₹37.07 Cr	Construction	2.63%	2.43%	-0.20%
8	Oil & Natural Gas Corporation Limited ₹23.89 Cr	Oil	1.75%	1.56%	-0.19%
9	Tata Consultancy Services Limited ₹31.62 Cr	IT - Software	2.25%	2.07%	-0.18%
10	Anthem Biosciences Limited ₹49.85 L	Pharmaceuticals & Biotechnology	0.20%	0.03%	-0.17%
11	Voltas Limited ₹15.06 Cr	Consumer Durables	1.12%	0.99%	-0.13%
12	HDFC Bank Limited ₹69.02 Cr	Banks	4.64%	4.52%	-0.12%
13	Britannia Industries Limited ₹19.00 Cr	Food Products	1.36%	1.24%	-0.12%
14	Escorts Kubota Limited ₹13.78 Cr	Agricultural, Commercial & Construction Vehicles	1.01%	0.90%	-0.11%
15	Jubilant Ingrevia Limited ₹16.26 Cr	Chemicals & Petrochemicals	1.16%	1.06%	-0.10%
16	Tata Capital Limited ₹18.40 Cr	Finance	1.30%	1.21%	-0.09%
17	Bharti Airtel Limited ₹49.38 Cr	Telecom - Services	3.30%	3.23%	-0.07%
18	Bajaj Finance Limited ₹44.41 Cr	Finance	2.97%	2.91%	-0.06%
19	Hindustan Unilever Limited ₹26.27 Cr	Diversified FMCG	1.78%	1.72%	-0.06%
20	Bajaj Auto Limited ₹19.35 Cr	Automobiles	1.33%	1.27%	-0.06%
21	Aarti Industries Limited ₹15.91 Cr	Chemicals & Petrochemicals	1.10%	1.04%	-0.06%
22	TVS Motor Company Limited ₹23.19 Cr	Automobiles	1.57%	1.52%	-0.05%
23	LTIMindtree Limited ₹14.78 Cr	IT - Software	1.01%	0.97%	-0.04%
24	CESC Limited ₹18.21 Cr	Power	1.22%	1.19%	-0.03%
25	Godrej Properties Limited ₹15.22 Cr	Realty	1.03%	1.00%	-0.03%
26	LG Electronics India Ltd ₹14.35 Cr	Consumer Durables	0.97%	0.94%	-0.03%
27	Oil India Limited ₹13.33 Cr	Oil	0.89%	0.87%	-0.02%
28	Wakefit Innovations Limited ₹2.61 Cr	Consumer Durables	0.19%	0.17%	-0.02%
29	Maruti Suzuki India Limited ₹21.27 Cr	Automobiles	1.40%	1.39%	-0.01%
30	MTAR Technologies Limited ₹12.61 Cr	Aerospace & Defense	0.84%	0.83%	-0.01%

What Stocks Does This Fund Hold?

72 stocks — May 2026

#	Stock	Sector	Weight & Value
1	ICICI Bank Limited ₹120.24 Cr	Banks	7.87%
2	HDFC Bank Limited ₹69.02 Cr	Banks	4.52%
3	Kotak Mahindra Bank Limited ₹52.64 Cr	Banks	3.45%
4	Bharti Airtel Limited ₹49.38 Cr	Telecom - Services	3.23%
5	Bajaj Finance Limited ₹44.41 Cr	Finance	2.91%
6	Larsen & Toubro Limited ₹37.07 Cr	Construction	2.43%
7	Tata Consultancy Services Limited ₹31.62 Cr	IT - Software	2.07%
8	Infosys Limited ₹30.40 Cr	IT - Software	1.99%
9	Reliance Industries Limited ₹30.39 Cr	Petroleum Products	1.99%
10	Avenue Supermarts Limited ₹27.77 Cr	Retailing	1.82%
11	Hindustan Unilever Limited ₹26.27 Cr	Diversified FMCG	1.72%
12	Indus Towers Limited ₹25.90 Cr	Telecom - Services	1.70%
13	Eternal Limited ₹25.81 Cr	Retailing	1.69%
14	UNO Minda Limited ₹25.45 Cr	Auto Components	1.67%
15	Adani Ports and Special Economic Zone Limited ₹25.26 Cr	Transport Infrastructure	1.65%
16	IndusInd Bank Limited ₹24.73 Cr	Banks	1.62%
17	Dr. Reddy's Laboratories Limited ₹24.11 Cr	Pharmaceuticals & Biotechnology	1.58%
18	Oil & Natural Gas Corporation Limited ₹23.89 Cr	Oil	1.56%
19	Sun Pharmaceutical Industries Limited ₹23.39 Cr	Pharmaceuticals & Biotechnology	1.53%
20	TVS Motor Company Limited ₹23.19 Cr	Automobiles	1.52%
21	Tech Mahindra Limited ₹22.11 Cr	IT - Software	1.45%
22	Mankind Pharma Limited ₹21.68 Cr	Pharmaceuticals & Biotechnology	1.42%
23	Tata Power Company Limited ₹21.67 Cr	Power	1.42%
24	Maruti Suzuki India Limited ₹21.27 Cr	Automobiles	1.39%
25	Trent Limited ₹20.90 Cr	Retailing	1.37%
26	RBL Bank Limited ₹19.67 Cr	Banks	1.29%
27	NMDC Limited ₹19.36 Cr	Minerals & Mining	1.27%
28	Bajaj Auto Limited ₹19.35 Cr	Automobiles	1.27%
29	Britannia Industries Limited ₹19.00 Cr	Food Products	1.24%
30	Tata Capital Limited ₹18.40 Cr	Finance	1.21%
31	Cochin Shipyard Limited ₹18.34 Cr	Industrial Manufacturing	1.20%
32	CESC Limited ₹18.21 Cr	Power	1.19%
33	Vodafone Idea Limited ₹18.19 Cr	Telecom - Services	1.19%
34	Dabur India Limited ₹17.29 Cr	Personal Products	1.13%
35	Axis Bank Limited ₹17.24 Cr	Banks	1.13%
36	Suzlon Energy Limited ₹17.10 Cr	Electrical Equipment	1.12%
37	Engineers India Limited ₹16.91 Cr	Construction	1.11%
38	Crompton Greaves Consumer Electricals Limited ₹16.87 Cr	Consumer Durables	1.10%
39	Info Edge (India) Limited ₹16.70 Cr	Retailing	1.09%
40	Tata Steel Limited ₹16.33 Cr	Ferrous Metals	1.07%
41	Jubilant Ingrevia Limited ₹16.26 Cr	Chemicals & Petrochemicals	1.06%
42	Aarti Industries Limited ₹15.91 Cr	Chemicals & Petrochemicals	1.04%
43	The Federal Bank Limited ₹15.75 Cr	Banks	1.03%
44	Bandhan Bank Limited ₹15.71 Cr	Banks	1.03%
45	Zydus Lifesciences Limited ₹15.63 Cr	Pharmaceuticals & Biotechnology	1.02%
46	Grasim Industries Limited ₹15.61 Cr	Cement & Cement Products	1.02%
47	Neuland Laboratories Limited ₹15.38 Cr	Pharmaceuticals & Biotechnology	1.01%
48	Godrej Properties Limited ₹15.22 Cr	Realty	1.00%
49	Voltas Limited ₹15.06 Cr	Consumer Durables	0.99%
50	LTIMindtree Limited ₹14.78 Cr	IT - Software	0.97%
51	Titan Company Limited ₹14.55 Cr	Consumer Durables	0.95%
52	LG Electronics India Ltd ₹14.35 Cr	Consumer Durables	0.94%
53	Carborundum Universal Limited ₹14.35 Cr	Industrial Products	0.94%
54	Astral Limited ₹14.16 Cr	Industrial Products	0.93%
55	Dr. Lal Path Labs Limited ₹14.06 Cr	Healthcare Services	0.92%
56	Vishal Mega Mart Limited ₹14.03 Cr	Retailing	0.92%
57	Escorts Kubota Limited ₹13.78 Cr	Agricultural, Commercial & Construction Vehicles	0.90%
58	Doms Industries Limited ₹13.67 Cr	Household Products	0.89%
59	Shriram Finance Limited ₹13.58 Cr	Finance	0.89%
60	Oil India Limited ₹13.33 Cr	Oil	0.87%
61	Persistent Systems Limited ₹12.99 Cr	IT - Software	0.85%
62	MTAR Technologies Limited ₹12.61 Cr	Aerospace & Defense	0.83%
63	InterGlobe Aviation Limited ₹12.33 Cr	Transport Services	0.81%
64	Arvind Fashions Limited ₹10.48 Cr	Retailing	0.69%
65	Elgi Equipments Limited ₹10.30 Cr	Industrial Products	0.67%
66	Aster DM Healthcare Limited ₹8.74 Cr	Healthcare Services	0.57%
67	Titagarh Rail Systems Limited ₹8.26 Cr	Industrial Manufacturing	0.54%
68	Schaeffler India Limited ₹8.26 Cr	Auto Components	0.54%
69	Kirloskar Oil Engines Limited ₹7.71 Cr	Industrial Products	0.51%
70	K.P.R. Mill Limited ₹6.57 Cr	Textiles & Apparels	0.43%
71	Wakefit Innovations Limited ₹2.61 Cr	Consumer Durables	0.17%
72	Anthem Biosciences Limited ₹49.85 L	Pharmaceuticals & Biotechnology	0.03%