What stocks does Mahindra Manulife Multi Cap Fund hold?

Mahindra Manulife Multi 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 Multi Cap Fund?

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

What category is Mahindra Manulife Multi Cap Fund?

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

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

Portfolio holdings for Mahindra Manulife Multi 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 Multi Cap Fund - Direct Plan -Growth

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

Share: WhatsApp X

Stocks Held

May 2026

Equity Holdings

₹6,342.49 Cr

Equity only, excl. debt & cash

Top 5 Weight

14.2%

Diversified

Top 10 Weight

25.1%

Diversified

Changes

0 new · 2 exits

Top Sector

Pharmaceuticals & Biotechnology

9.6% of portfolio

📋 What Happened This Month Mahindra Manulife Multi Cap Fund exited 2 stocks from its portfolio this month. Vedanta Limited was the biggest exit (Diversified Metals), which was held at 0.76%. Among existing holdings, Adani Enterprises Limited saw the biggest increase — now at 3.16% of the portfolio. Glenmark Pharmaceuticals Limited was trimmed the most, now at 1.27%. Larsen & Toubro Limited remains the top holding with Pharmaceuticals & Biotechnology the dominant sector at 9.6%. ↓ Scroll down for full holdings, sector allocation and month-on-month changes in detail.

How Has the NAV Performed?

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

+2.19%

+15.21%

+5.95%

+7.91%

Latest NAV

₹44.41

24 Jun 2026

52W High

₹44.55

-0% from High

52W Low

₹34.06

+30% from Low

Calendar Year Returns

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

2025

+4.8%

2024

+25.3%

2023

+36.4%

2022

+3.5%

2021

+53.5%

2020

+18.7%

2019

+15.7%

2018

-7.7%

Rolling Returns

Performance across every possible investment start date.

1Y Rolling Avg

20.9%

+ve in 83% windows

95.5% / -23.8%

3Y Rolling Avg

22.9% p.a.

+ve in 100% windows

39.7% / 2.5%

5Y Rolling Avg

23.3% p.a.

+ve in 100% windows

35.5% / 13.8%

Crisis Period Behaviour

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

2024–25 Tariff

-20.2%

Rec: Jan 2026 (1yr 3mo)

COVID-19 Crash

-34.4%

Rec: Nov 2020 (11 mo)

2022 Rate Hike

-18.7%

Rec: Dec 2022 (8 mo)

2018 IL&FS

-14.1%

Rec: May 2019 (11 mo)

Risk Ratios

3 years daily NAV · Risk-free rate 6.5% p.a. What do these mean? →

Sharpe Ratio (3Y)

0.97

Return per unit of risk. >1 is good.

Sortino Ratio (3Y)

1.31

Penalises downside volatility only.

Std Deviation (3Y)

16.4%

Lower = more consistent returns.

NAV Chart ₹44.41 24 Jun 2026

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

Mahindra Manulife Multi Cap Fund - Direct Plan -Growth

Chart shows indexed performance (base = 100). Actual NAV: ₹44.41

Sector Shift Industry allocation month-over-month

Mar 2026 → Apr 2026

Sector	Prev	Curr ▼	Delta
Pharmaceuticals & Biotechnology	11.6%	12.0%	▲ +0.4%
Banks	8.2%	9.9%	▲ +1.7%
Industrial Products	9.9%	9.4%	▼ -0.5%
Capital Markets	6.1%	7.3%	▲ +1.2%
Finance	8.0%	6.7%	▼ -1.3%
Cement & Cement Products	5.6%	5.2%	▼ -0.4%
IT - Software	4.8%	4.8%	● 0.0%
Automobiles	4.6%	4.5%	▼ -0.2%
Consumer Durables	3.3%	3.6%	▲ +0.3%
Chemicals & Petrochemicals	2.8%	3.3%	▲ +0.6%

Apr 2026 → May 2026

Sector	Prev	Curr ▼	Delta
Pharmaceuticals & Biotechnology	12.0%	9.6%	▼ -2.5%
Banks	9.9%	9.5%	▼ -0.4%
Industrial Products	9.4%	9.2%	▼ -0.2%
Finance	6.7%	6.9%	▲ +0.2%
Capital Markets	7.3%	6.8%	▼ -0.5%
IT - Software	4.8%	6.0%	▲ +1.2%
Cement & Cement Products	5.2%	4.9%	▼ -0.4%
Automobiles	4.5%	4.4%	● -0.1%
Metals & Minerals Trading	3.1%	3.8%	▲ +0.8%
Chemicals & Petrochemicals	3.3%	3.3%	● -0.1%

🔴

Biggest Exit

Vedanta Limited

0.76% was held · Diversified Metals

↑

Biggest Add

Adani Enterprises Limited

+0.77% · now 3.16%

↓

Biggest Trim

Glenmark Pharmaceuticals Limited

-2.43% · now 1.27%

👋 Other funds also exited

Vedanta Limited 24 funds

ICICI Prudential Asset Management Company Limited 6 funds

What Changed in the Portfolio This Month?

Comparing Apr 2026 → May 2026

Apr 2026 → May 2026

🔴 2 Exits ↑ 26 Increased ↓ 51 Decreased

#	Stock	Sector	Last Weight (Apr 2026)
1	Vedanta Limited ₹48.88 Cr	Diversified Metals	0.76%
2	ICICI Prudential Asset Management Company Limited ₹16.54 Cr	Capital Markets	0.26%

#	Stock	Sector	Apr 2026	May 2026	Change
1	Adani Enterprises Limited ₹210.02 Cr	Metals & Minerals Trading	2.39%	3.16%	+0.77%
2	Mphasis Limited ₹120.38 Cr	IT - Software	1.24%	1.81%	+0.57%
3	JSW Steel Limited ₹62.50 Cr	Ferrous Metals	0.39%	0.94%	+0.55%
4	Tech Mahindra Limited ₹59.36 Cr	IT - Software	0.46%	0.89%	+0.43%
5	Vodafone Idea Limited ₹111.22 Cr	Telecom - Services	1.26%	1.67%	+0.41%
6	Tata Steel Limited ₹59.11 Cr	Ferrous Metals	0.49%	0.89%	+0.40%
7	Laurus Labs Limited ₹149.82 Cr	Pharmaceuticals & Biotechnology	1.88%	2.26%	+0.38%
8	InterGlobe Aviation Limited ₹133.25 Cr	Transport Services	1.67%	2.01%	+0.34%
9	Infosys Limited ₹66.85 Cr	IT - Software	0.71%	1.01%	+0.30%
10	Max Financial Services Limited ₹66.96 Cr	Insurance	0.74%	1.01%	+0.27%
11	BSE Limited ₹165.84 Cr	Capital Markets	2.26%	2.50%	+0.24%
12	Neuland Laboratories Limited ₹160.17 Cr	Pharmaceuticals & Biotechnology	2.18%	2.41%	+0.23%
13	PTC Industries Limited ₹116.89 Cr	Industrial Products	1.55%	1.76%	+0.21%
14	Shriram Finance Limited ₹133.13 Cr	Finance	1.83%	2.00%	+0.17%
15	Nippon Life India Asset Management Limited ₹142.46 Cr	Capital Markets	1.98%	2.14%	+0.16%
16	Angel One Limited ₹121.13 Cr	Capital Markets	1.72%	1.82%	+0.10%
17	Manappuram Finance Limited ₹99.65 Cr	Finance	1.40%	1.50%	+0.10%
18	Jindal Saw Limited ₹93.02 Cr	Industrial Products	1.30%	1.40%	+0.10%
19	Stylam Industries Ltd ₹32.92 Cr	Consumer Durables	0.40%	0.50%	+0.10%
20	SRF Limited ₹81.42 Cr	Chemicals & Petrochemicals	1.17%	1.23%	+0.06%
21	Aditya Birla Capital Limited ₹142.23 Cr	Finance	2.10%	2.14%	+0.04%
22	Bajaj Auto Limited ₹118.20 Cr	Automobiles	1.75%	1.78%	+0.03%
23	Bandhan Bank Limited ₹123.36 Cr	Banks	1.84%	1.86%	+0.02%
24	National Aluminium Company Limited ₹42.45 Cr	Non - Ferrous Metals	0.62%	0.64%	+0.02%
25	Nitin Spinners Limited ₹38.27 Cr	Textiles & Apparels	0.56%	0.58%	+0.02%
26	Tega Industries Limited ₹35.43 Cr	Industrial Manufacturing	0.52%	0.53%	+0.01%

#	Stock	Sector	Apr 2026	May 2026	Change
1	Glenmark Pharmaceuticals Limited ₹84.63 Cr	Pharmaceuticals & Biotechnology	3.70%	1.27%	-2.43%
2	Multi Commodity Exchange of India Limited ₹23.51 Cr	Capital Markets	1.06%	0.35%	-0.71%
3	Sai Life Sciences Limited ₹49.82 Cr	Pharmaceuticals & Biotechnology	1.38%	0.75%	-0.63%
4	Aditya Vision Ltd ₹31.42 Cr	Retailing	1.01%	0.47%	-0.54%
5	Voltamp Transformers Limited ₹96.13 Cr	Electrical Equipment	1.85%	1.45%	-0.40%
6	Polycab India Limited ₹145.48 Cr	Industrial Products	2.43%	2.19%	-0.24%
7	State Bank of India ₹110.91 Cr	Banks	1.91%	1.67%	-0.24%
8	Kajaria Ceramics Limited ₹65.96 Cr	Consumer Durables	1.23%	0.99%	-0.24%
9	P N Gadgil Jewellers Limited ₹54.70 Cr	Consumer Durables	1.02%	0.82%	-0.20%
10	Sun TV Network Limited ₹49.66 Cr	Entertainment	0.93%	0.75%	-0.18%
11	Aarti Industries Limited ₹102.64 Cr	Chemicals & Petrochemicals	1.70%	1.55%	-0.15%
12	APL Apollo Tubes Limited ₹119.05 Cr	Industrial Products	1.92%	1.79%	-0.13%
13	ITC Limited ₹68.86 Cr	Diversified FMCG	1.17%	1.04%	-0.13%
14	Reliance Industries Limited ₹66.06 Cr	Petroleum Products	1.11%	0.99%	-0.12%
15	Blue Star Limited ₹53.55 Cr	Consumer Durables	0.93%	0.81%	-0.12%
16	CRISIL Limited ₹28.42 Cr	Finance	0.55%	0.43%	-0.12%
17	The Ramco Cements Limited ₹69.76 Cr	Cement & Cement Products	1.16%	1.05%	-0.11%
18	Dalmia Bharat Limited ₹57.27 Cr	Cement & Cement Products	0.97%	0.86%	-0.11%
19	UltraTech Cement Limited ₹143.53 Cr	Cement & Cement Products	2.25%	2.16%	-0.09%
20	Ujjivan Small Finance Bank Limited ₹71.89 Cr	Banks	1.17%	1.08%	-0.09%
21	Max Healthcare Institute Limited ₹83.85 Cr	Healthcare Services	1.34%	1.26%	-0.08%
22	LTIMindtree Limited ₹70.10 Cr	IT - Software	1.14%	1.06%	-0.08%
23	NTPC Limited ₹69.64 Cr	Power	1.12%	1.05%	-0.07%
24	Coal India Limited ₹54.95 Cr	Consumable Fuels	0.90%	0.83%	-0.07%
25	Avenue Supermarts Limited ₹30.41 Cr	Retailing	0.53%	0.46%	-0.07%
26	Oswal Pumps Ltd. ₹26.68 Cr	Industrial Products	0.47%	0.40%	-0.07%
27	ICICI Bank Limited ₹107.17 Cr	Banks	1.67%	1.61%	-0.06%
28	Maruti Suzuki India Limited ₹96.09 Cr	Automobiles	1.51%	1.45%	-0.06%
29	Larsen & Toubro Limited ₹214.61 Cr	Construction	3.28%	3.23%	-0.05%
30	Mahindra & Mahindra Limited ₹76.14 Cr	Automobiles	1.20%	1.15%	-0.05%
31	Supreme Industries Limited ₹56.08 Cr	Industrial Products	0.89%	0.84%	-0.05%
32	Arvind Fashions Limited ₹33.60 Cr	Retailing	0.56%	0.51%	-0.05%
33	JK Cement Limited ₹53.57 Cr	Cement & Cement Products	0.85%	0.81%	-0.04%
34	Sagility Limited ₹51.73 Cr	IT - Services	0.82%	0.78%	-0.04%
35	Gokaldas Exports Limited ₹44.72 Cr	Textiles & Apparels	0.71%	0.67%	-0.04%
36	IndusInd Bank Limited ₹59.43 Cr	Banks	0.92%	0.89%	-0.03%
37	Doms Industries Limited ₹24.03 Cr	Household Products	0.39%	0.36%	-0.03%
38	Divi's Laboratories Limited ₹190.01 Cr	Pharmaceuticals & Biotechnology	2.88%	2.86%	-0.02%
39	Belrise Industries Ltd. ₹93.08 Cr	Auto Components	1.42%	1.40%	-0.02%
40	Godfrey Phillips India Limited ₹68.48 Cr	Cigarettes & Tobacco Products	1.05%	1.03%	-0.02%
41	Eternal Limited ₹64.09 Cr	Retailing	0.98%	0.96%	-0.02%
42	PB Fintech Limited ₹104.03 Cr	Financial Technology (Fintech)	1.58%	1.57%	-0.01%
43	Oracle Financial Services Software Limited ₹79.71 Cr	IT - Software	1.21%	1.20%	-0.01%
44	DCB Bank Limited ₹64.96 Cr	Banks	0.99%	0.98%	-0.01%
45	Cholamandalam Financial Holdings Limited ₹52.22 Cr	Finance	0.80%	0.79%	-0.01%
46	Union Bank of India ₹40.29 Cr	Banks	0.62%	0.61%	-0.01%
47	TILAKNAGAR INDUSTRIES LIMITED ₹26.35 Cr	Beverages	0.41%	0.40%	-0.01%
48	Malco Energy Limited ₹21.78 Cr	Power	0.34%	0.33%	-0.01%
49	Vedanta Aluminium Metal Limited ₹21.78 Cr	Metals & Minerals Trading	0.34%	0.33%	-0.01%
50	Vedanta Iron And Steel Limited ₹21.78 Cr	Metals & Minerals Trading	0.34%	0.33%	-0.01%
51	Talwandi Sabo Power Limited ₹21.78 Cr	Power	0.34%	0.33%	-0.01%

What Stocks Does This Fund Hold?

80 stocks — May 2026

#	Stock	Sector	Weight & Value
1	Larsen & Toubro Limited ₹214.61 Cr	Construction	3.23%
2	Adani Enterprises Limited ₹210.02 Cr	Metals & Minerals Trading	3.16%
3	Divi's Laboratories Limited ₹190.01 Cr	Pharmaceuticals & Biotechnology	2.86%
4	BSE Limited ₹165.84 Cr	Capital Markets	2.50%
5	Neuland Laboratories Limited ₹160.17 Cr	Pharmaceuticals & Biotechnology	2.41%
6	Laurus Labs Limited ₹149.82 Cr	Pharmaceuticals & Biotechnology	2.26%
7	Polycab India Limited ₹145.48 Cr	Industrial Products	2.19%
8	UltraTech Cement Limited ₹143.53 Cr	Cement & Cement Products	2.16%
9	Nippon Life India Asset Management Limited ₹142.46 Cr	Capital Markets	2.14%
10	Aditya Birla Capital Limited ₹142.23 Cr	Finance	2.14%
11	InterGlobe Aviation Limited ₹133.25 Cr	Transport Services	2.01%
12	Shriram Finance Limited ₹133.13 Cr	Finance	2.00%
13	Bandhan Bank Limited ₹123.36 Cr	Banks	1.86%
14	Angel One Limited ₹121.13 Cr	Capital Markets	1.82%
15	Mphasis Limited ₹120.38 Cr	IT - Software	1.81%
16	APL Apollo Tubes Limited ₹119.05 Cr	Industrial Products	1.79%
17	Bajaj Auto Limited ₹118.20 Cr	Automobiles	1.78%
18	PTC Industries Limited ₹116.89 Cr	Industrial Products	1.76%
19	Vodafone Idea Limited ₹111.22 Cr	Telecom - Services	1.67%
20	State Bank of India ₹110.91 Cr	Banks	1.67%
21	ICICI Bank Limited ₹107.17 Cr	Banks	1.61%
22	PB Fintech Limited ₹104.03 Cr	Financial Technology (Fintech)	1.57%
23	Aarti Industries Limited ₹102.64 Cr	Chemicals & Petrochemicals	1.55%
24	Manappuram Finance Limited ₹99.65 Cr	Finance	1.50%
25	Voltamp Transformers Limited ₹96.13 Cr	Electrical Equipment	1.45%
26	Maruti Suzuki India Limited ₹96.09 Cr	Automobiles	1.45%
27	Belrise Industries Ltd. ₹93.08 Cr	Auto Components	1.40%
28	Jindal Saw Limited ₹93.02 Cr	Industrial Products	1.40%
29	Glenmark Pharmaceuticals Limited ₹84.63 Cr	Pharmaceuticals & Biotechnology	1.27%
30	Max Healthcare Institute Limited ₹83.85 Cr	Healthcare Services	1.26%
31	SRF Limited ₹81.42 Cr	Chemicals & Petrochemicals	1.23%
32	Oracle Financial Services Software Limited ₹79.71 Cr	IT - Software	1.20%
33	Mahindra & Mahindra Limited ₹76.14 Cr	Automobiles	1.15%
34	Ujjivan Small Finance Bank Limited ₹71.89 Cr	Banks	1.08%
35	LTIMindtree Limited ₹70.10 Cr	IT - Software	1.06%
36	The Ramco Cements Limited ₹69.76 Cr	Cement & Cement Products	1.05%
37	NTPC Limited ₹69.64 Cr	Power	1.05%
38	ITC Limited ₹68.86 Cr	Diversified FMCG	1.04%
39	Godfrey Phillips India Limited ₹68.48 Cr	Cigarettes & Tobacco Products	1.03%
40	Infosys Limited ₹66.85 Cr	IT - Software	1.01%
41	Max Financial Services Limited ₹66.96 Cr	Insurance	1.01%
42	Reliance Industries Limited ₹66.06 Cr	Petroleum Products	0.99%
43	Kajaria Ceramics Limited ₹65.96 Cr	Consumer Durables	0.99%
44	DCB Bank Limited ₹64.96 Cr	Banks	0.98%
45	Eternal Limited ₹64.09 Cr	Retailing	0.96%
46	JSW Steel Limited ₹62.50 Cr	Ferrous Metals	0.94%
47	IndusInd Bank Limited ₹59.43 Cr	Banks	0.89%
48	Tech Mahindra Limited ₹59.36 Cr	IT - Software	0.89%
49	Tata Steel Limited ₹59.11 Cr	Ferrous Metals	0.89%
50	Dalmia Bharat Limited ₹57.27 Cr	Cement & Cement Products	0.86%
51	Astral Limited ₹57.06 Cr	Industrial Products	0.86%
52	Supreme Industries Limited ₹56.08 Cr	Industrial Products	0.84%
53	Coal India Limited ₹54.95 Cr	Consumable Fuels	0.83%
54	P N Gadgil Jewellers Limited ₹54.70 Cr	Consumer Durables	0.82%
55	JK Cement Limited ₹53.57 Cr	Cement & Cement Products	0.81%
56	Blue Star Limited ₹53.55 Cr	Consumer Durables	0.81%
57	Cholamandalam Financial Holdings Limited ₹52.22 Cr	Finance	0.79%
58	Sagility Limited ₹51.73 Cr	IT - Services	0.78%
59	IDFC First Bank Limited ₹51.60 Cr	Banks	0.78%
60	Sun TV Network Limited ₹49.66 Cr	Entertainment	0.75%
61	Sai Life Sciences Limited ₹49.82 Cr	Pharmaceuticals & Biotechnology	0.75%
62	Gokaldas Exports Limited ₹44.72 Cr	Textiles & Apparels	0.67%
63	National Aluminium Company Limited ₹42.45 Cr	Non - Ferrous Metals	0.64%
64	Union Bank of India ₹40.29 Cr	Banks	0.61%
65	Nitin Spinners Limited ₹38.27 Cr	Textiles & Apparels	0.58%
66	Tega Industries Limited ₹35.43 Cr	Industrial Manufacturing	0.53%
67	Arvind Fashions Limited ₹33.60 Cr	Retailing	0.51%
68	Stylam Industries Ltd ₹32.92 Cr	Consumer Durables	0.50%
69	Aditya Vision Ltd ₹31.42 Cr	Retailing	0.47%
70	Navin Fluorine International Limited ₹31.37 Cr	Chemicals & Petrochemicals	0.47%
71	Avenue Supermarts Limited ₹30.41 Cr	Retailing	0.46%
72	CRISIL Limited ₹28.42 Cr	Finance	0.43%
73	Oswal Pumps Ltd. ₹26.68 Cr	Industrial Products	0.40%
74	TILAKNAGAR INDUSTRIES LIMITED ₹26.35 Cr	Beverages	0.40%
75	Doms Industries Limited ₹24.03 Cr	Household Products	0.36%
76	Multi Commodity Exchange of India Limited ₹23.51 Cr	Capital Markets	0.35%
77	Malco Energy Limited ₹21.78 Cr	Power	0.33%
78	Vedanta Aluminium Metal Limited ₹21.78 Cr	Metals & Minerals Trading	0.33%
79	Vedanta Iron And Steel Limited ₹21.78 Cr	Metals & Minerals Trading	0.33%
80	Talwandi Sabo Power Limited ₹21.78 Cr	Power	0.33%