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 Sep 2026 Comparing Aug 2026 → Sep 2026

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Stocks Held

Sep 2026

Equity Holdings

₹6,916.75 Cr

Equity only, excl. debt & cash

AAUM

₹7,348.06 Cr

Jul-Sep 2026 · Direct + Regular

Top 5 Weight

18.1%

Diversified

Top 10 Weight

30.0%

Diversified

Changes

6 new · 4 exits

Top Sector

Pharmaceuticals & Biotechnology

16.2% of portfolio

Launch Date

20 Apr 2017

9 years old

AAUM (Average Assets Under Management) of ₹7,348.06 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 Multi Cap Fund made 6 new additions and exited 4 stocks this month. The biggest new buy was HDFC Bank Limited (Banks) at 2.85% weight. Mahindra & Mahindra Limited was the biggest exit (Automobiles), which was held at 1.07%. Among existing holdings, Divi's Laboratories Limited saw the biggest increase — now at 5.01% of the portfolio. Neuland Laboratories Limited was trimmed the most, now at 2.73%. Divi's Laboratories Limited remains the top holding with Pharmaceuticals & Biotechnology the dominant sector at 16.2%. ↓ 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

-2.29%

+0.01%

+5.90%

+8.33%

Latest NAV

₹44.89

13 Oct 2026

52W High

₹47.75

-6% from High

52W Low

₹37.35

+20% 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

20.5%

+ve in 84% windows

95.5% / -23.8%

3Y Rolling Avg

22.8% p.a.

+ve in 100% windows

39.7% / 2.5%

5Y Rolling Avg

23.0% 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. · CAGR, Sharpe Ratio & Standard Deviation — Mutual Fund Guide →

Sharpe Ratio (3Y)

0.68

Return per unit of risk. >1 is good.

Sortino Ratio (3Y)

0.92

Penalises downside volatility only.

Std Deviation (3Y)

16.6%

Lower = more consistent returns.

NAV Chart ₹44.89 13 Oct 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: ₹44.89

Sector Shift Industry allocation month-over-month

Jul 2026 → Aug 2026

Sector	Prev	Curr ▼	Delta
Pharmaceuticals & Biotechnology	12.9%	14.8%	▲ +1.9%
Banks	10.6%	10.2%	▼ -0.4%
Industrial Products	8.2%	8.9%	▲ +0.7%
Capital Markets	5.4%	5.8%	▲ +0.5%
IT - Software	6.5%	4.8%	▼ -1.7%
Metals & Minerals Trading	4.8%	4.3%	▼ -0.5%
Automobiles	4.2%	3.9%	▼ -0.3%
Cement & Cement Products	3.9%	3.5%	▼ -0.4%
Retailing	2.8%	3.0%	▲ +0.2%
Oil	2.4%	3.0%	▲ +0.6%

Aug 2026 → Sep 2026

Sector	Prev	Curr ▼	Delta
Pharmaceuticals & Biotechnology	14.8%	16.2%	▲ +1.3%
Banks	10.2%	12.6%	▲ +2.5%
Industrial Products	8.9%	8.6%	▼ -0.2%
Capital Markets	5.8%	6.1%	▲ +0.3%
Retailing	3.0%	4.4%	▲ +1.4%
Metals & Minerals Trading	4.3%	3.8%	▼ -0.5%
IT - Software	4.8%	3.8%	▼ -1.0%
Cement & Cement Products	3.5%	3.5%	● 0.0%
Consumer Durables	2.4%	3.3%	▲ +1.0%
Oil	3.0%	2.8%	▼ -0.1%

🟢

Biggest New Buy

HDFC Bank Limited

2.85% weight · Banks

🔴

Biggest Exit

Mahindra & Mahindra Limited

1.07% was held · Automobiles

↑

Biggest Add

Divi's Laboratories Limited

+1.08% · now 5.01%

↓

Biggest Trim

Neuland Laboratories Limited

-1.27% · now 2.73%

🤝 Other funds also bought this month

HDFC Bank Limited 45 funds

InterGlobe Aviation Limited 28 funds

Lenskart Solutions Limited 23 funds

Shriram Finance Limited 23 funds

Alkem Laboratories Limited 17 funds

Motilal Oswal Financial Services Limited 12 funds

👋 Other funds also exited

Mahindra & Mahindra Limited 29 funds

LTIMindtree Limited 19 funds

Malco Energy Limited 5 funds

Tega Industries Limited 5 funds

What Changed in the Portfolio This Month?

Comparing Aug 2026 → Sep 2026

Aug 2026 → Sep 2026

🟢 6 New Entries 🔴 4 Exits ↑ 17 Increased ↓ 45 Decreased

#	Stock	Sector	Weight (Sep 2026)
1	HDFC Bank Limited ₹212.61 Cr	Banks	2.85%
2	Alkem Laboratories Limited ₹115.36 Cr	Pharmaceuticals & Biotechnology	1.55%
3	Motilal Oswal Financial Services Limited ₹73.64 Cr	Capital Markets	0.99%
4	Lenskart Solutions Limited ₹73.99 Cr	Retailing	0.99%
5	InterGlobe Aviation Limited ₹29.90 Cr	Transport Services	0.40%
6	Shriram Finance Limited ₹23.58 Cr	Finance	0.32%

#	Stock	Sector	Last Weight (Aug 2026)
1	Mahindra & Mahindra Limited ₹82.05 Cr	Automobiles	1.07%
2	LTIMindtree Limited ₹46.58 Cr	IT - Software	0.61%
3	Tega Industries Limited ₹29.02 Cr	Industrial Manufacturing	0.38%
4	Malco Energy Limited ₹6.97 Cr	Power	0.09%

#	Stock	Sector	Aug 2026	Sep 2026	Change
1	Divi's Laboratories Limited ₹373.80 Cr	Pharmaceuticals & Biotechnology	3.93%	5.01%	+1.08%
2	Sun TV Network Limited ₹113.31 Cr	Entertainment	0.60%	1.52%	+0.92%
3	P N Gadgil Jewellers Limited ₹118.06 Cr	Consumer Durables	0.76%	1.58%	+0.82%
4	Eternal Limited ₹73.49 Cr	Retailing	0.58%	0.99%	+0.41%
5	Manappuram Finance Limited ₹95.65 Cr	Finance	1.03%	1.28%	+0.25%
6	Jindal Saw Limited ₹139.56 Cr	Industrial Products	1.67%	1.87%	+0.20%
7	Bandhan Bank Limited ₹105.55 Cr	Banks	1.26%	1.42%	+0.16%
8	Kajaria Ceramics Limited ₹78.41 Cr	Consumer Durables	0.95%	1.05%	+0.10%
9	PTC Industries Limited ₹160.20 Cr	Industrial Products	2.08%	2.15%	+0.07%
10	Laurus Labs Limited ₹73.26 Cr	Pharmaceuticals & Biotechnology	0.92%	0.98%	+0.06%
11	Sai Life Sciences Limited ₹65.48 Cr	Pharmaceuticals & Biotechnology	0.82%	0.88%	+0.06%
12	Coal India Limited ₹51.00 Cr	Consumable Fuels	0.63%	0.68%	+0.05%
13	Blue Star Limited ₹51.16 Cr	Consumer Durables	0.64%	0.69%	+0.05%
14	JK Cement Limited ₹52.58 Cr	Cement & Cement Products	0.69%	0.71%	+0.02%
15	NTPC Limited ₹58.10 Cr	Power	0.77%	0.78%	+0.01%
16	One 97 Communications Limited ₹76.66 Cr	Financial Technology (Fintech)	1.02%	1.03%	+0.01%
17	Ujjivan Small Finance Bank Limited ₹77.99 Cr	Banks	1.04%	1.05%	+0.01%

#	Stock	Sector	Aug 2026	Sep 2026	Change
1	Neuland Laboratories Limited ₹203.56 Cr	Pharmaceuticals & Biotechnology	4.00%	2.73%	-1.27%
2	Multi Commodity Exchange of India Limited ₹313.87 Cr	Capital Markets	4.86%	4.21%	-0.65%
3	PB Fintech Limited ₹65.01 Cr	Financial Technology (Fintech)	1.50%	0.87%	-0.63%
4	Gokaldas Exports Limited ₹9.14 Cr	Textiles & Apparels	0.66%	0.12%	-0.54%
5	Adani Enterprises Limited ₹207.99 Cr	Metals & Minerals Trading	3.23%	2.79%	-0.44%
6	APL Apollo Tubes Limited ₹161.27 Cr	Industrial Products	2.51%	2.16%	-0.35%
7	Oracle Financial Services Software Limited ₹127.56 Cr	IT - Software	1.96%	1.71%	-0.25%
8	ICICI Bank Limited ₹242.80 Cr	Banks	3.49%	3.26%	-0.23%
9	State Bank of India ₹133.37 Cr	Banks	1.92%	1.79%	-0.13%
10	Maruti Suzuki India Limited ₹87.60 Cr	Automobiles	1.29%	1.17%	-0.12%
11	Bajaj Auto Limited ₹106.54 Cr	Automobiles	1.55%	1.43%	-0.12%
12	Mphasis Limited ₹91.19 Cr	IT - Software	1.34%	1.22%	-0.12%
13	Oil India Limited ₹183.96 Cr	Oil	2.59%	2.47%	-0.12%
14	Max Healthcare Institute Limited ₹80.78 Cr	Healthcare Services	1.18%	1.08%	-0.10%
15	IndusInd Bank Limited ₹75.96 Cr	Banks	1.12%	1.02%	-0.10%
16	Vodafone Idea Limited ₹99.07 Cr	Telecom - Services	1.43%	1.33%	-0.10%
17	Aarti Industries Limited ₹102.79 Cr	Chemicals & Petrochemicals	1.48%	1.38%	-0.10%
18	Max Financial Services Limited ₹54.94 Cr	Insurance	0.82%	0.74%	-0.08%
19	Astral Limited ₹70.19 Cr	Industrial Products	1.02%	0.94%	-0.08%
20	Godfrey Phillips India Limited ₹80.18 Cr	Cigarettes & Tobacco Products	1.16%	1.08%	-0.08%
21	Oswal Pumps Ltd. ₹14.87 Cr	Industrial Products	0.28%	0.20%	-0.08%
22	Adani Energy Solutions Limited ₹116.74 Cr	Power	1.64%	1.57%	-0.07%
23	Torrent Pharmaceuticals Limited ₹175.23 Cr	Pharmaceuticals & Biotechnology	2.41%	2.35%	-0.06%
24	Nippon Life India Asset Management Limited ₹68.26 Cr	Capital Markets	0.98%	0.92%	-0.06%
25	Larsen & Toubro Limited ₹75.29 Cr	Construction	1.06%	1.01%	-0.05%
26	Sagility Limited ₹53.67 Cr	IT - Services	0.77%	0.72%	-0.05%
27	Arvind Fashions Limited ₹28.21 Cr	Retailing	0.43%	0.38%	-0.05%
28	Sun Pharmaceutical Industries Limited ₹45.36 Cr	Pharmaceuticals & Biotechnology	0.65%	0.61%	-0.04%
29	Union Bank of India ₹41.04 Cr	Banks	0.59%	0.55%	-0.04%
30	Glenmark Pharmaceuticals Limited ₹86.85 Cr	Pharmaceuticals & Biotechnology	1.20%	1.16%	-0.04%
31	Hindustan Zinc Limited ₹144.33 Cr	Non - Ferrous Metals	1.98%	1.94%	-0.04%
32	Reliance Industries Limited ₹59.35 Cr	Petroleum Products	0.83%	0.80%	-0.03%
33	UltraTech Cement Limited ₹136.95 Cr	Cement & Cement Products	1.87%	1.84%	-0.03%
34	Tech Mahindra Limited ₹60.96 Cr	IT - Software	0.85%	0.82%	-0.03%
35	Voltamp Transformers Limited ₹141.99 Cr	Electrical Equipment	1.93%	1.90%	-0.03%
36	DCB Bank Limited ₹52.16 Cr	Banks	0.73%	0.70%	-0.03%
37	Vedanta Aluminium Metal Limited ₹74.32 Cr	Metals & Minerals Trading	1.02%	1.00%	-0.02%
38	JSW Steel Limited ₹61.29 Cr	Ferrous Metals	0.83%	0.82%	-0.01%
39	Navin Fluorine International Limited ₹36.28 Cr	Chemicals & Petrochemicals	0.50%	0.49%	-0.01%
40	Cholamandalam Financial Holdings Limited ₹20.52 Cr	Finance	0.29%	0.28%	-0.01%
41	The Ramco Cements Limited ₹67.71 Cr	Cement & Cement Products	0.92%	0.91%	-0.01%
42	Anthem Biosciences Limited ₹65.89 Cr	Pharmaceuticals & Biotechnology	0.89%	0.88%	-0.01%
43	TILAKNAGAR INDUSTRIES LIMITED ₹58.54 Cr	Beverages	0.79%	0.78%	-0.01%
44	Piramal Finance Ltd ₹11.72 Cr	Finance	0.17%	0.16%	-0.01%
45	Nitin Spinners Limited ₹46.79 Cr	Textiles & Apparels	0.64%	0.63%	-0.01%

What Stocks Does This Fund Hold?

73 stocks — Sep 2026

#	Stock	Sector	Weight & Value
1	Divi's Laboratories Limited ₹373.80 Cr	Pharmaceuticals & Biotechnology	5.01%
2	Multi Commodity Exchange of India Limited ₹313.87 Cr	Capital Markets	4.21%
3	ICICI Bank Limited ₹242.80 Cr	Banks	3.26%
4	HDFC Bank Limited ₹212.61 Cr	Banks	2.85%
5	Adani Enterprises Limited ₹207.99 Cr	Metals & Minerals Trading	2.79%
6	Neuland Laboratories Limited ₹203.56 Cr	Pharmaceuticals & Biotechnology	2.73%
7	Oil India Limited ₹183.96 Cr	Oil	2.47%
8	Torrent Pharmaceuticals Limited ₹175.23 Cr	Pharmaceuticals & Biotechnology	2.35%
9	APL Apollo Tubes Limited ₹161.27 Cr	Industrial Products	2.16%
10	PTC Industries Limited ₹160.20 Cr	Industrial Products	2.15%
11	Avenue Supermarts Limited ₹150.54 Cr	Retailing	2.02%
12	Hindustan Zinc Limited ₹144.33 Cr	Non - Ferrous Metals	1.94%
13	Voltamp Transformers Limited ₹141.99 Cr	Electrical Equipment	1.90%
14	Jindal Saw Limited ₹139.56 Cr	Industrial Products	1.87%
15	UltraTech Cement Limited ₹136.95 Cr	Cement & Cement Products	1.84%
16	State Bank of India ₹133.37 Cr	Banks	1.79%
17	Oracle Financial Services Software Limited ₹127.56 Cr	IT - Software	1.71%
18	P N Gadgil Jewellers Limited ₹118.06 Cr	Consumer Durables	1.58%
19	Adani Energy Solutions Limited ₹116.74 Cr	Power	1.57%
20	Alkem Laboratories Limited ₹115.36 Cr	Pharmaceuticals & Biotechnology	1.55%
21	Sun TV Network Limited ₹113.31 Cr	Entertainment	1.52%
22	Bajaj Auto Limited ₹106.54 Cr	Automobiles	1.43%
23	Bandhan Bank Limited ₹105.55 Cr	Banks	1.42%
24	Aarti Industries Limited ₹102.79 Cr	Chemicals & Petrochemicals	1.38%
25	Vodafone Idea Limited ₹99.07 Cr	Telecom - Services	1.33%
26	Supreme Industries Limited ₹96.58 Cr	Industrial Products	1.30%
27	Manappuram Finance Limited ₹95.65 Cr	Finance	1.28%
28	Radico Khaitan Limited ₹93.14 Cr	Beverages	1.25%
29	Mphasis Limited ₹91.19 Cr	IT - Software	1.22%
30	Maruti Suzuki India Limited ₹87.60 Cr	Automobiles	1.17%
31	Glenmark Pharmaceuticals Limited ₹86.85 Cr	Pharmaceuticals & Biotechnology	1.16%
32	Max Healthcare Institute Limited ₹80.78 Cr	Healthcare Services	1.08%
33	Godfrey Phillips India Limited ₹80.18 Cr	Cigarettes & Tobacco Products	1.08%
34	Kajaria Ceramics Limited ₹78.41 Cr	Consumer Durables	1.05%
35	Ujjivan Small Finance Bank Limited ₹77.99 Cr	Banks	1.05%
36	One 97 Communications Limited ₹76.66 Cr	Financial Technology (Fintech)	1.03%
37	IndusInd Bank Limited ₹75.96 Cr	Banks	1.02%
38	Larsen & Toubro Limited ₹75.29 Cr	Construction	1.01%
39	Vedanta Aluminium Metal Limited ₹74.32 Cr	Metals & Minerals Trading	1.00%
40	Eternal Limited ₹73.49 Cr	Retailing	0.99%
41	Motilal Oswal Financial Services Limited ₹73.64 Cr	Capital Markets	0.99%
42	Lenskart Solutions Limited ₹73.99 Cr	Retailing	0.99%
43	Laurus Labs Limited ₹73.26 Cr	Pharmaceuticals & Biotechnology	0.98%
44	Astral Limited ₹70.19 Cr	Industrial Products	0.94%
45	Nippon Life India Asset Management Limited ₹68.26 Cr	Capital Markets	0.92%
46	The Ramco Cements Limited ₹67.71 Cr	Cement & Cement Products	0.91%
47	Anthem Biosciences Limited ₹65.89 Cr	Pharmaceuticals & Biotechnology	0.88%
48	Sai Life Sciences Limited ₹65.48 Cr	Pharmaceuticals & Biotechnology	0.88%
49	PB Fintech Limited ₹65.01 Cr	Financial Technology (Fintech)	0.87%
50	JSW Steel Limited ₹61.29 Cr	Ferrous Metals	0.82%
51	Tech Mahindra Limited ₹60.96 Cr	IT - Software	0.82%
52	Reliance Industries Limited ₹59.35 Cr	Petroleum Products	0.80%
53	NTPC Limited ₹58.10 Cr	Power	0.78%
54	TILAKNAGAR INDUSTRIES LIMITED ₹58.54 Cr	Beverages	0.78%
55	Max Financial Services Limited ₹54.94 Cr	Insurance	0.74%
56	Sagility Limited ₹53.67 Cr	IT - Services	0.72%
57	JK Cement Limited ₹52.58 Cr	Cement & Cement Products	0.71%
58	DCB Bank Limited ₹52.16 Cr	Banks	0.70%
59	Blue Star Limited ₹51.16 Cr	Consumer Durables	0.69%
60	Coal India Limited ₹51.00 Cr	Consumable Fuels	0.68%
61	Nitin Spinners Limited ₹46.79 Cr	Textiles & Apparels	0.63%
62	Sun Pharmaceutical Industries Limited ₹45.36 Cr	Pharmaceuticals & Biotechnology	0.61%
63	Union Bank of India ₹41.04 Cr	Banks	0.55%
64	Navin Fluorine International Limited ₹36.28 Cr	Chemicals & Petrochemicals	0.49%
65	InterGlobe Aviation Limited ₹29.90 Cr	Transport Services	0.40%
66	Arvind Fashions Limited ₹28.21 Cr	Retailing	0.38%
67	Oil & Natural Gas Corporation Limited ₹27.10 Cr	Oil	0.36%
68	Shriram Finance Limited ₹23.58 Cr	Finance	0.32%
69	Cholamandalam Financial Holdings Limited ₹20.52 Cr	Finance	0.28%
70	Oswal Pumps Ltd. ₹14.87 Cr	Industrial Products	0.20%
71	Hatsun Agro Product Limited ₹13.99 Cr	Food Products	0.19%
72	Piramal Finance Ltd ₹11.72 Cr	Finance	0.16%
73	Gokaldas Exports Limited ₹9.14 Cr	Textiles & Apparels	0.12%