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Mahindra Manulife Large & Mid Cap Fund - Direct Plan -Growth

Mid Cap Data as of Apr 2026 Comparing Mar 2026 → Apr 2026
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Stocks Held
66
Apr 2026
Equity Holdings
₹2,583.15 Cr
Equity only, excl. debt & cash
Top 5 Weight
15.3%
Diversified
Top 10 Weight
27.2%
Diversified
Changes
68
6 new · 4 exits
Top Sector
Banks
20.2% of portfolio
📋 What Happened This Month Mahindra Manulife Large & Mid Cap Fund made 6 new additions and exited 4 stocks this month. The biggest new buy was Jindal Steel Limited (Ferrous Metals) at 2.13% weight. JSW Steel Limited was the biggest exit (Ferrous Metals), which was held at 2.40%. Among existing holdings, Eternal Limited saw the biggest increase — now at 2.15% of the portfolio. Indus Towers Limited was trimmed the most, now at 2.47%. ICICI Bank Limited remains the top holding with Banks the dominant sector at 20.2%. ↓ Scroll down for full holdings, sector allocation and month-on-month changes in detail.
Sector Shift Industry allocation month-over-month
Feb 2026 Mar 2026
Sector Prev Curr Delta
Banks 21.4% 19.8% -1.5%
Pharmaceuticals & Biotechnology 10.9% 11.7% +0.8%
IT - Software 7.8% 7.6% -0.2%
Telecom - Services 5.6% 5.1% -0.5%
Finance 5.8% 4.9% -0.9%
Automobiles 4.4% 4.5% +0.1%
Cement & Cement Products 4.3% 3.8% -0.6%
Auto Components 3.2% 3.1% -0.2%
Capital Markets 2.0% 2.9% +0.9%
Petroleum Products 2.6% 2.8% +0.2%
Mar 2026 Apr 2026
Sector Prev Curr Delta
Banks 19.8% 20.2% +0.4%
Pharmaceuticals & Biotechnology 11.7% 10.6% -1.2%
Finance 4.9% 6.1% +1.3%
IT - Software 7.6% 5.7% -1.8%
Automobiles 4.5% 4.5% 0.0%
Telecom - Services 5.1% 3.9% -1.2%
Retailing 2.6% 3.8% +1.1%
Auto Components 3.1% 3.3% +0.2%
Capital Markets 2.9% 3.2% +0.3%
Transport Services 1.0% 3.2% +2.1%
🟢
Biggest New Buy
Jindal Steel Limited
2.13% weight · Ferrous Metals
🔴
Biggest Exit
JSW Steel Limited
2.40% was held · Ferrous Metals
Biggest Add
Eternal Limited
+1.01% · now 2.15%
Biggest Trim
Indus Towers Limited
-1.61% · now 2.47%
🤝 Other funds also bought this month
PB Fintech Limited 39 funds
PB Fintech Limited
Mirae Asset Nifty India Internet ETF
HDFC Nifty India Digital Index Fund (An open ended scheme replicating/tracking Nifty India Digital Index (TRI))
Mirae Asset BSE Select IPO ETF + more
L&T Finance Limited 30 funds
L&T Finance Limited
Mirae Asset Nifty 200 Alpha 30 ETF
Invesco India Midcap Fund - Direct Plan - Growth Option
Mahindra Manulife Banking & Financial Services Fund - Direct - Growth + more
Jindal Steel Limited 28 funds
Jindal Steel Limited
Axis Quant Fund - Direct Plan - Growth
Union Active Momentum Fund - Direct Plan - Growth Option
ICICI Prudential Conglomerate Fund - Direct Plan - Growth + more
Delhivery Limited 27 funds
Delhivery Limited
SBI Long Term Advantage Fund - Series IV - Direct Plan - Growth
Mirae Asset ELSS Tax Saver Fund - Direct Plan - Growth
Mirae Asset BSE Select IPO ETF + more
Aditya Birla Capital Limited 23 funds
Aditya Birla Capital Limited
Mirae Asset Nifty 200 Alpha 30 ETF
BAJAJ FINSERV LARGE CAP FUND - DIRECT PLAN - GROWTH
Bajaj Finserv Flexi Cap Fund-Direct Plan-Growth + more
Black Buck Ltd 11 funds
Black Buck Ltd
quant ESG Integration Strategy Fund
quant Teck Fund
Mahindra Manulife Innovation Opportunities Fund - Direct - Growth + more
👋 Other funds also exited
LTIMindtree Limited 23 funds
LTIMindtree Limited
ICICI Prudential Nifty IT Index Fund - Direct Plan - Growth
ICICI Prudential Nifty Next 50 Index Fund - Direct Plan - Growth
ICICI Prudential Innovation Fund - Direct Plan - Growth + more
Dalmia Bharat Limited 15 funds
Dalmia Bharat Limited
ICICI Prudential MidCap Fund - Direct Plan - Growth
ICICI Prudential Commodities Fund - Direct Plan - Growth Option
quant Commodities Fund - Growth Option - Direct Plan + more
JSW Steel Limited 9 funds
JSW Steel Limited
ICICI Prudential MNC Fund - Direct Plan - Growth Option
Mahindra Manulife Balanced Advantage Fund - Direct Plan - Growth
360 ONE ELSS Tax Saver Nifty 50 Index Fund - Direct Plan - Growth + more
IPCA Laboratories Limited 6 funds
IPCA Laboratories Limited
TRUSTMF MID CAP FUND -DIRECT -GROWTH
Kotak Business Cycle - Direct Plan - Growth
ICICI Prudential Nifty Midcap 150 Index Fund - Direct Plan - Growth + more

What Changed?

Comparing Mar 2026 → Apr 2026

Mar 2026 Apr 2026
🟢 6 New Entries 🔴 4 Exits ↑ 31 Increased ↓ 27 Decreased
#StockSectorWeight (Apr 2026)
1
Jindal Steel Limited
₹57.37 Cr
Ferrous Metals 2.13%
2
Aditya Birla Capital Limited
₹36.52 Cr
Finance 1.36%
3
Delhivery Limited
₹33.49 Cr
Transport Services 1.25%
4
Black Buck Ltd
₹24.02 Cr
Transport Services 0.89%
5
PB Fintech Limited
₹21.16 Cr
Financial Technology (Fintech) 0.79%
6
L&T Finance Limited
₹20.78 Cr
Finance 0.77%
#StockSectorLast Weight (Mar 2026)
1
JSW Steel Limited
₹58.93 Cr
Ferrous Metals 2.40%
2
Dalmia Bharat Limited
₹15.39 Cr
Cement & Cement Products 0.63%
3
IPCA Laboratories Limited
₹14.96 Cr
Pharmaceuticals & Biotechnology 0.61%
4
LTIMindtree Limited
₹6.01 Cr
IT - Software 0.24%
#StockSectorMar 2026Apr 2026Change
1
Eternal Limited
₹57.68 Cr
Retailing 1.14% 2.15% +1.01%
2
Bharat Heavy Electricals Limited
₹52.86 Cr
Electrical Equipment 1.50% 1.97% +0.47%
3
Oil & Natural Gas Corporation Limited
₹39.84 Cr
Oil 1.02% 1.48% +0.46%
4
Bharti Hexacom Limited
₹38.54 Cr
Telecom - Services 1.01% 1.43% +0.42%
5
Radico Khaitan Limited
₹27.04 Cr
Beverages 0.64% 1.01% +0.37%
6
Larsen & Toubro Limited
₹50.18 Cr
Construction 1.56% 1.87% +0.31%
7
IndusInd Bank Limited
₹71.36 Cr
Banks 2.39% 2.65% +0.26%
8
Bharat Electronics Limited
₹39.90 Cr
Aerospace & Defense 1.27% 1.48% +0.21%
9
The Federal Bank Limited
₹68.58 Cr
Banks 2.38% 2.55% +0.17%
10
Neuland Laboratories Limited
₹37.05 Cr
Pharmaceuticals & Biotechnology 1.21% 1.38% +0.17%
#StockSectorMar 2026Apr 2026Change
1
Indus Towers Limited
₹66.49 Cr
Telecom - Services 4.08% 2.47% -1.61%
2
UltraTech Cement Limited
₹54.22 Cr
Cement & Cement Products 3.12% 2.02% -1.10%
3
Infosys Limited
₹40.51 Cr
IT - Software 2.31% 1.51% -0.80%
4
Bajaj Finserv Limited
₹27.76 Cr
Finance 1.72% 1.03% -0.69%
5
Tech Mahindra Limited
₹45.24 Cr
IT - Software 2.20% 1.68% -0.52%
6
Glenmark Pharmaceuticals Limited
₹76.52 Cr
Pharmaceuticals & Biotechnology 3.29% 2.85% -0.44%
7
Divi's Laboratories Limited
₹56.57 Cr
Pharmaceuticals & Biotechnology 2.47% 2.10% -0.37%
8
IIFL Finance Limited
₹21.46 Cr
Finance 1.01% 0.80% -0.21%
9
ICICI Bank Limited
₹95.89 Cr
Banks 3.73% 3.57% -0.16%
10
Persistent Systems Limited
₹33.84 Cr
IT - Software 1.40% 1.26% -0.14%

Full Portfolio

66 stocks — Apr 2026

# Stock Sector Cap Weight & Value
1
₹95.89 Cr
Banks
3.57%
2
₹82.06 Cr
Banks
3.05%
3
₹81.61 Cr
Banks
3.04%
4
₹76.52 Cr
Pharmaceuticals & Biotechnology
2.85%
5
₹73.69 Cr
Petroleum Products
2.74%
6
₹71.36 Cr
Banks
2.65%
7
₹68.58 Cr
Banks
2.55%
8
₹66.49 Cr
Telecom - Services
2.47%
9
₹57.68 Cr
Retailing
2.15%
10
₹57.37 Cr
Ferrous Metals
2.13%
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🏦 Mahindra Manulife Mutual Fund — Portfolio & Holdings
See all funds managed by Mahindra Manulife Mutual Fund — conviction stocks, monthly entries & exits

Disclaimer: Data sourced from individual AMC monthly portfolio disclosures, as mandated by SEBI/AMFI. While we strive for accuracy, errors in parsing or presentation may occasionally occur. This is not investment advice. Please consult a SEBI-registered investment adviser before making any investment decisions.

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