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.

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Mahindra Manulife Multi Cap Fund - Direct Plan -Growth

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

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Stocks Held

Apr 2026

Equity Holdings

₹6,348.33 Cr

Equity only, excl. debt & cash

Top 5 Weight

14.7%

Diversified

Top 10 Weight

25.5%

Diversified

Changes

9 new · 5 exits

Top Sector

Pharmaceuticals & Biotechnology

12.0% of portfolio

📋 What Happened This Month Mahindra Manulife Multi Cap Fund made 9 new additions and exited 5 stocks this month. The biggest new buy was Adani Enterprises Limited (Metals & Minerals Trading) at 2.39% weight. Indus Towers Limited was the biggest exit (Telecom - Services), which was held at 2.16%. Among existing holdings, Nippon Life India Asset Management Limited saw the biggest increase — now at 1.98% of the portfolio. ICICI Prudential Asset Management Company Limited was trimmed the most, now at 0.26%. Glenmark Pharmaceuticals Limited remains the top holding with Pharmaceuticals & Biotechnology the dominant sector at 12.0%. ↓ Scroll down for full holdings, sector allocation and month-on-month changes in detail.

NAV Performance

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

-0.91%

+5.59%

+2.68%

+7.45%

Latest NAV

₹43.06

04 Jun 2026

52W High

₹43.70

-1% from High

52W Low

₹34.06

+26% 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)

1.00

Return per unit of risk. >1 is good.

Sortino Ratio (3Y)

1.34

Penalises downside volatility only.

Std Deviation (3Y)

16.3%

Lower = more consistent returns.

NAV Chart ₹43.06 04 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: ₹43.06

Sector Shift Industry allocation month-over-month

Feb 2026 → Mar 2026

Sector	Prev	Curr ▼	Delta
Pharmaceuticals & Biotechnology	11.2%	11.6%	▲ +0.5%
Industrial Products	6.8%	9.9%	▲ +3.1%
Banks	13.0%	8.2%	▼ -4.7%
Finance	10.8%	8.0%	▼ -2.8%
Capital Markets	4.3%	6.1%	▲ +1.8%
Cement & Cement Products	6.1%	5.6%	▼ -0.4%
IT - Software	4.9%	4.8%	● -0.1%
Automobiles	5.0%	4.6%	▼ -0.3%
Retailing	2.5%	3.7%	▲ +1.2%
Construction	3.0%	3.3%	▲ +0.3%

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%

🟢

Biggest New Buy

Adani Enterprises Limited

2.39% weight · Metals & Minerals Trading

🔴

Biggest Exit

Indus Towers Limited

2.16% was held · Telecom - Services

↑

Biggest Add

Nippon Life India Asset Management Limited

+1.39% · now 1.98%

↓

Biggest Trim

ICICI Prudential Asset Management Company Limited

-1.43% · now 0.26%

🤝 Other funds also bought this month

Talwandi Sabo Power Limited 183 funds

Vedanta Aluminium Metal Limited 183 funds

Vedanta Iron And Steel Limited 183 funds

Malco Energy Limited 176 funds

Avenue Supermarts Limited 41 funds

Max Financial Services Limited 35 funds

👋 Other funds also exited

Bajaj Finance Limited 24 funds

Bajaj Finserv Limited 13 funds

Indus Towers Limited 13 funds

CreditAccess Grameen Limited 9 funds

IIFL Finance Limited 3 funds

What Changed?

Comparing Mar 2026 → Apr 2026

Mar 2026 → Apr 2026

🟢 9 New Entries 🔴 5 Exits ↑ 28 Increased ↓ 42 Decreased

#	Stock	Sector	Weight (Apr 2026)
1	Adani Enterprises Limited ₹154.14 Cr	Metals & Minerals Trading	2.39%
2	Aditya Birla Capital Limited ₹135.26 Cr	Finance	2.10%
3	Godfrey Phillips India Limited ₹67.53 Cr	Cigarettes & Tobacco Products	1.05%
4	Max Financial Services Limited ₹47.57 Cr	Insurance	0.74%
5	Avenue Supermarts Limited ₹34.39 Cr	Retailing	0.53%
6	Vedanta Iron And Steel Limited ₹21.78 Cr	Metals & Minerals Trading	0.34%
7	Malco Energy Limited ₹21.78 Cr	Power	0.34%
8	Talwandi Sabo Power Limited ₹21.78 Cr	Power	0.34%
9	Vedanta Aluminium Metal Limited ₹21.78 Cr	Metals & Minerals Trading	0.34%

#	Stock	Sector	Last Weight (Mar 2026)
1	Indus Towers Limited ₹122.52 Cr	Telecom - Services	2.16%
2	Bajaj Finserv Limited ₹79.96 Cr	Finance	1.41%
3	IIFL Finance Limited ₹65.43 Cr	Finance	1.16%
4	CreditAccess Grameen Limited ₹37.05 Cr	Finance	0.65%
5	Bajaj Finance Limited ₹34.07 Cr	Finance	0.60%

#	Stock	Sector	Mar 2026	Apr 2026	Change
1	Nippon Life India Asset Management Limited ₹127.72 Cr	Capital Markets	0.59%	1.98%	+1.39%
2	State Bank of India ₹122.87 Cr	Banks	0.95%	1.91%	+0.96%
3	BSE Limited ₹145.62 Cr	Capital Markets	1.42%	2.26%	+0.84%
4	Bandhan Bank Limited ₹118.28 Cr	Banks	1.03%	1.84%	+0.81%
5	Aarti Industries Limited ₹109.67 Cr	Chemicals & Petrochemicals	1.00%	1.70%	+0.70%
6	InterGlobe Aviation Limited ₹107.38 Cr	Transport Services	1.04%	1.67%	+0.63%
7	Neuland Laboratories Limited ₹140.63 Cr	Pharmaceuticals & Biotechnology	1.57%	2.18%	+0.61%
8	Shriram Finance Limited ₹117.70 Cr	Finance	1.23%	1.83%	+0.60%
9	PB Fintech Limited ₹101.82 Cr	Financial Technology (Fintech)	1.15%	1.58%	+0.43%
10	Vodafone Idea Limited ₹81.25 Cr	Telecom - Services	0.93%	1.26%	+0.33%
11	Voltamp Transformers Limited ₹118.86 Cr	Electrical Equipment	1.55%	1.85%	+0.30%
12	Angel One Limited ₹110.86 Cr	Capital Markets	1.44%	1.72%	+0.28%
13	Oracle Financial Services Software Limited ₹77.81 Cr	IT - Software	0.95%	1.21%	+0.26%
14	P N Gadgil Jewellers Limited ₹65.49 Cr	Consumer Durables	0.78%	1.02%	+0.24%
15	Kajaria Ceramics Limited ₹78.98 Cr	Consumer Durables	1.08%	1.23%	+0.15%
16	Polycab India Limited ₹156.53 Cr	Industrial Products	2.33%	2.43%	+0.10%
17	Multi Commodity Exchange of India Limited ₹68.34 Cr	Capital Markets	0.97%	1.06%	+0.09%
18	Nitin Spinners Limited ₹36.12 Cr	Textiles & Apparels	0.47%	0.56%	+0.09%
19	Oswal Pumps Ltd. ₹30.39 Cr	Industrial Products	0.38%	0.47%	+0.09%
20	Jindal Saw Limited ₹83.86 Cr	Industrial Products	1.22%	1.30%	+0.08%
21	IndusInd Bank Limited ₹59.54 Cr	Banks	0.86%	0.92%	+0.06%
22	Gokaldas Exports Limited ₹45.49 Cr	Textiles & Apparels	0.66%	0.71%	+0.05%
23	Manappuram Finance Limited ₹90.14 Cr	Finance	1.36%	1.40%	+0.04%
24	DCB Bank Limited ₹63.59 Cr	Banks	0.95%	0.99%	+0.04%
25	IDFC First Bank Limited ₹50.38 Cr	Banks	0.75%	0.78%	+0.03%
26	Larsen & Toubro Limited ₹211.32 Cr	Construction	3.26%	3.28%	+0.02%
27	Belrise Industries Ltd. ₹91.47 Cr	Auto Components	1.41%	1.42%	+0.01%
28	TILAKNAGAR INDUSTRIES LIMITED ₹26.11 Cr	Beverages	0.40%	0.41%	+0.01%

#	Stock	Sector	Mar 2026	Apr 2026	Change
1	ICICI Prudential Asset Management Company Limited ₹16.54 Cr	Capital Markets	1.69%	0.26%	-1.43%
2	Eternal Limited ₹63.18 Cr	Retailing	2.05%	0.98%	-1.07%
3	Reliance Industries Limited ₹71.54 Cr	Petroleum Products	1.96%	1.11%	-0.85%
4	Vedanta Limited ₹48.88 Cr	Diversified Metals	1.21%	0.76%	-0.45%
5	APL Apollo Tubes Limited ₹123.85 Cr	Industrial Products	2.22%	1.92%	-0.30%
6	CRISIL Limited ₹35.31 Cr	Finance	0.75%	0.55%	-0.20%
7	Supreme Industries Limited ₹57.24 Cr	Industrial Products	1.05%	0.89%	-0.16%
8	Astral Limited ₹55.31 Cr	Industrial Products	1.02%	0.86%	-0.16%
9	ICICI Bank Limited ₹107.77 Cr	Banks	1.82%	1.67%	-0.15%
10	Infosys Limited ₹45.95 Cr	IT - Software	0.86%	0.71%	-0.15%
11	Max Healthcare Institute Limited ₹86.28 Cr	Healthcare Services	1.48%	1.34%	-0.14%
12	The Ramco Cements Limited ₹74.88 Cr	Cement & Cement Products	1.30%	1.16%	-0.14%
13	UltraTech Cement Limited ₹144.83 Cr	Cement & Cement Products	2.37%	2.25%	-0.12%
14	SRF Limited ₹75.51 Cr	Chemicals & Petrochemicals	1.29%	1.17%	-0.12%
15	Divi's Laboratories Limited ₹185.32 Cr	Pharmaceuticals & Biotechnology	2.99%	2.88%	-0.11%
16	PTC Industries Limited ₹99.93 Cr	Industrial Products	1.65%	1.55%	-0.10%
17	Mahindra & Mahindra Limited ₹77.44 Cr	Automobiles	1.30%	1.20%	-0.10%
18	Maruti Suzuki India Limited ₹97.46 Cr	Automobiles	1.59%	1.51%	-0.08%
19	LTIMindtree Limited ₹73.70 Cr	IT - Software	1.22%	1.14%	-0.08%
20	JK Cement Limited ₹54.77 Cr	Cement & Cement Products	0.93%	0.85%	-0.08%
21	Union Bank of India ₹39.83 Cr	Banks	0.70%	0.62%	-0.08%
22	Sagility Limited ₹52.61 Cr	IT - Services	0.89%	0.82%	-0.07%
23	Tega Industries Limited ₹33.37 Cr	Industrial Manufacturing	0.59%	0.52%	-0.07%
24	NTPC Limited ₹71.85 Cr	Power	1.18%	1.12%	-0.06%
25	Dalmia Bharat Limited ₹62.45 Cr	Cement & Cement Products	1.03%	0.97%	-0.06%
26	Sun TV Network Limited ₹59.89 Cr	Entertainment	0.99%	0.93%	-0.06%
27	National Aluminium Company Limited ₹39.93 Cr	Non - Ferrous Metals	0.68%	0.62%	-0.06%
28	Doms Industries Limited ₹25.20 Cr	Household Products	0.45%	0.39%	-0.06%
29	Laurus Labs Limited ₹121.10 Cr	Pharmaceuticals & Biotechnology	1.93%	1.88%	-0.05%
30	ITC Limited ₹75.58 Cr	Diversified FMCG	1.22%	1.17%	-0.05%
31	Coal India Limited ₹57.77 Cr	Consumable Fuels	0.95%	0.90%	-0.05%
32	Sai Life Sciences Limited ₹88.71 Cr	Pharmaceuticals & Biotechnology	1.42%	1.38%	-0.04%
33	Aditya Vision Ltd ₹64.94 Cr	Retailing	1.05%	1.01%	-0.04%
34	Stylam Industries Ltd ₹26.00 Cr	Consumer Durables	0.44%	0.40%	-0.04%
35	Mphasis Limited ₹79.68 Cr	IT - Software	1.27%	1.24%	-0.03%
36	Blue Star Limited ₹60.02 Cr	Consumer Durables	0.96%	0.93%	-0.03%
37	Tech Mahindra Limited ₹29.47 Cr	IT - Software	0.49%	0.46%	-0.03%
38	Glenmark Pharmaceuticals Limited ₹237.98 Cr	Pharmaceuticals & Biotechnology	3.72%	3.70%	-0.02%
39	Arvind Fashions Limited ₹35.92 Cr	Retailing	0.58%	0.56%	-0.02%
40	Tata Steel Limited ₹31.70 Cr	Ferrous Metals	0.51%	0.49%	-0.02%
41	Ujjivan Small Finance Bank Limited ₹75.18 Cr	Banks	1.18%	1.17%	-0.01%
42	Navin Fluorine International Limited ₹30.01 Cr	Chemicals & Petrochemicals	0.48%	0.47%	-0.01%

Full Portfolio

82 stocks — Apr 2026

#	Stock	Sector	Weight & Value
1	Glenmark Pharmaceuticals Limited ₹237.98 Cr	Pharmaceuticals & Biotechnology	3.70%
2	Larsen & Toubro Limited ₹211.32 Cr	Construction	3.28%
3	Divi's Laboratories Limited ₹185.32 Cr	Pharmaceuticals & Biotechnology	2.88%
4	Polycab India Limited ₹156.53 Cr	Industrial Products	2.43%
5	Adani Enterprises Limited ₹154.14 Cr	Metals & Minerals Trading	2.39%
6	BSE Limited ₹145.62 Cr	Capital Markets	2.26%
7	UltraTech Cement Limited ₹144.83 Cr	Cement & Cement Products	2.25%
8	Neuland Laboratories Limited ₹140.63 Cr	Pharmaceuticals & Biotechnology	2.18%
9	Aditya Birla Capital Limited ₹135.26 Cr	Finance	2.10%
10	Nippon Life India Asset Management Limited ₹127.72 Cr	Capital Markets	1.98%
11	APL Apollo Tubes Limited ₹123.85 Cr	Industrial Products	1.92%
12	State Bank of India ₹122.87 Cr	Banks	1.91%
13	Laurus Labs Limited ₹121.10 Cr	Pharmaceuticals & Biotechnology	1.88%
14	Voltamp Transformers Limited ₹118.86 Cr	Electrical Equipment	1.85%
15	Bandhan Bank Limited ₹118.28 Cr	Banks	1.84%
16	Shriram Finance Limited ₹117.70 Cr	Finance	1.83%
17	Bajaj Auto Limited ₹112.93 Cr	Automobiles	1.75%
18	Angel One Limited ₹110.86 Cr	Capital Markets	1.72%
19	Aarti Industries Limited ₹109.67 Cr	Chemicals & Petrochemicals	1.70%
20	ICICI Bank Limited ₹107.77 Cr	Banks	1.67%
21	InterGlobe Aviation Limited ₹107.38 Cr	Transport Services	1.67%
22	PB Fintech Limited ₹101.82 Cr	Financial Technology (Fintech)	1.58%
23	PTC Industries Limited ₹99.93 Cr	Industrial Products	1.55%
24	Maruti Suzuki India Limited ₹97.46 Cr	Automobiles	1.51%
25	Belrise Industries Ltd. ₹91.47 Cr	Auto Components	1.42%
26	Manappuram Finance Limited ₹90.14 Cr	Finance	1.40%
27	Sai Life Sciences Limited ₹88.71 Cr	Pharmaceuticals & Biotechnology	1.38%
28	Max Healthcare Institute Limited ₹86.28 Cr	Healthcare Services	1.34%
29	Jindal Saw Limited ₹83.86 Cr	Industrial Products	1.30%
30	Vodafone Idea Limited ₹81.25 Cr	Telecom - Services	1.26%
31	Mphasis Limited ₹79.68 Cr	IT - Software	1.24%
32	Kajaria Ceramics Limited ₹78.98 Cr	Consumer Durables	1.23%
33	Oracle Financial Services Software Limited ₹77.81 Cr	IT - Software	1.21%
34	Mahindra & Mahindra Limited ₹77.44 Cr	Automobiles	1.20%
35	ITC Limited ₹75.58 Cr	Diversified FMCG	1.17%
36	SRF Limited ₹75.51 Cr	Chemicals & Petrochemicals	1.17%
37	Ujjivan Small Finance Bank Limited ₹75.18 Cr	Banks	1.17%
38	The Ramco Cements Limited ₹74.88 Cr	Cement & Cement Products	1.16%
39	LTIMindtree Limited ₹73.70 Cr	IT - Software	1.14%
40	NTPC Limited ₹71.85 Cr	Power	1.12%
41	Reliance Industries Limited ₹71.54 Cr	Petroleum Products	1.11%
42	Multi Commodity Exchange of India Limited ₹68.34 Cr	Capital Markets	1.06%
43	Godfrey Phillips India Limited ₹67.53 Cr	Cigarettes & Tobacco Products	1.05%
44	P N Gadgil Jewellers Limited ₹65.49 Cr	Consumer Durables	1.02%
45	Aditya Vision Ltd ₹64.94 Cr	Retailing	1.01%
46	DCB Bank Limited ₹63.59 Cr	Banks	0.99%
47	Eternal Limited ₹63.18 Cr	Retailing	0.98%
48	Dalmia Bharat Limited ₹62.45 Cr	Cement & Cement Products	0.97%
49	Blue Star Limited ₹60.02 Cr	Consumer Durables	0.93%
50	Sun TV Network Limited ₹59.89 Cr	Entertainment	0.93%
51	IndusInd Bank Limited ₹59.54 Cr	Banks	0.92%
52	Coal India Limited ₹57.77 Cr	Consumable Fuels	0.90%
53	Supreme Industries Limited ₹57.24 Cr	Industrial Products	0.89%
54	Astral Limited ₹55.31 Cr	Industrial Products	0.86%
55	JK Cement Limited ₹54.77 Cr	Cement & Cement Products	0.85%
56	Sagility Limited ₹52.61 Cr	IT - Services	0.82%
57	Cholamandalam Financial Holdings Limited ₹51.37 Cr	Finance	0.80%
58	IDFC First Bank Limited ₹50.38 Cr	Banks	0.78%
59	Vedanta Limited ₹48.88 Cr	Diversified Metals	0.76%
60	Max Financial Services Limited ₹47.57 Cr	Insurance	0.74%
61	Infosys Limited ₹45.95 Cr	IT - Software	0.71%
62	Gokaldas Exports Limited ₹45.49 Cr	Textiles & Apparels	0.71%
63	National Aluminium Company Limited ₹39.93 Cr	Non - Ferrous Metals	0.62%
64	Union Bank of India ₹39.83 Cr	Banks	0.62%
65	Nitin Spinners Limited ₹36.12 Cr	Textiles & Apparels	0.56%
66	Arvind Fashions Limited ₹35.92 Cr	Retailing	0.56%
67	CRISIL Limited ₹35.31 Cr	Finance	0.55%
68	Avenue Supermarts Limited ₹34.39 Cr	Retailing	0.53%
69	Tega Industries Limited ₹33.37 Cr	Industrial Manufacturing	0.52%
70	Tata Steel Limited ₹31.70 Cr	Ferrous Metals	0.49%
71	Oswal Pumps Ltd. ₹30.39 Cr	Industrial Products	0.47%
72	Navin Fluorine International Limited ₹30.01 Cr	Chemicals & Petrochemicals	0.47%
73	Tech Mahindra Limited ₹29.47 Cr	IT - Software	0.46%
74	TILAKNAGAR INDUSTRIES LIMITED ₹26.11 Cr	Beverages	0.41%
75	Stylam Industries Ltd ₹26.00 Cr	Consumer Durables	0.40%
76	Doms Industries Limited ₹25.20 Cr	Household Products	0.39%
77	JSW Steel Limited ₹24.89 Cr	Ferrous Metals	0.39%
78	Vedanta Iron And Steel Limited ₹21.78 Cr	Metals & Minerals Trading	0.34%
79	Malco Energy Limited ₹21.78 Cr	Power	0.34%
80	Talwandi Sabo Power Limited ₹21.78 Cr	Power	0.34%
81	Vedanta Aluminium Metal Limited ₹21.78 Cr	Metals & Minerals Trading	0.34%
82	ICICI Prudential Asset Management Company Limited ₹16.54 Cr	Capital Markets	0.26%