What stocks does Mahindra Manulife Small Cap Fund hold?

Mahindra Manulife Small 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 Small Cap Fund?

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

What category is Mahindra Manulife Small Cap Fund?

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

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

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

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

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Stocks Held

Apr 2026

Equity Holdings

₹4,171.07 Cr

Equity only, excl. debt & cash

Top 5 Weight

13.1%

Diversified

Top 10 Weight

24.4%

Diversified

Changes

0 new · 5 exits

Top Sector

Pharmaceuticals & Biotechnology

14.2% of portfolio

📋 What Happened This Month Mahindra Manulife Small Cap Fund exited 5 stocks from its portfolio this month. IIFL Finance Limited was the biggest exit (Finance), which was held at 2.13%. Among existing holdings, Aditya Birla Capital Limited saw the biggest increase — now at 2.18% of the portfolio. Acutaas Chemicals Ltd was trimmed the most, now at 0.98%. Jindal Saw Limited remains the top holding with Pharmaceuticals & Biotechnology the dominant sector at 14.2%. ↓ Scroll down for full holdings, sector allocation and month-on-month changes in detail.

NAV Performance

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

-0.78%

+11.90%

+5.04%

+8.48%

Latest NAV

₹21.26

04 Jun 2026

52W High

₹21.66

-2% from High

52W Low

₹16.39

+30% from Low

Calendar Year Returns

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

2025

-1.3%

2024

+30.0%

2023

+60.0%

Rolling Returns

Performance across every possible investment start date.

1Y Rolling Avg

29.0%

+ve in 78% windows

81.8% / -10.1%

3Y Rolling Avg

25.7% p.a.

+ve in 100% windows

29.5% / 21.8%

Crisis Period Behaviour

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

2024–25 Tariff

-26.0%

Rec: not yet

COVID-19 Crash

Pre-inception

Rec: N/A

2022 Rate Hike

Pre-inception

Rec: N/A

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)

1.11

Return per unit of risk. >1 is good.

Sortino Ratio (3Y)

1.51

Penalises downside volatility only.

Std Deviation (3Y)

18.0%

Lower = more consistent returns.

NAV Chart ₹21.26 04 Jun 2026

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

Mahindra Manulife Small Cap Fund - Direct Plan - Growth

Chart shows indexed performance (base = 100). Actual NAV: ₹21.26

Sector Shift Industry allocation month-over-month

Feb 2026 → Mar 2026

Sector	Prev	Curr ▼	Delta
Pharmaceuticals & Biotechnology	14.8%	16.4%	▲ +1.7%
Industrial Products	11.9%	11.8%	▼ -0.2%
Auto Components	7.2%	9.5%	▲ +2.3%
Finance	6.1%	7.4%	▲ +1.3%
Banks	7.0%	6.6%	▼ -0.3%
Beverages	4.4%	4.4%	● +0.1%
Consumer Durables	3.2%	4.3%	▲ +1.1%
Textiles & Apparels	3.7%	4.2%	▲ +0.5%
Chemicals & Petrochemicals	2.6%	4.1%	▲ +1.5%
Capital Markets	3.0%	3.6%	▲ +0.6%

Mar 2026 → Apr 2026

Sector	Prev	Curr ▼	Delta
Pharmaceuticals & Biotechnology	16.4%	14.2%	▼ -2.3%
Industrial Products	11.8%	12.9%	▲ +1.2%
Auto Components	9.5%	9.4%	▼ -0.1%
Banks	6.6%	7.2%	▲ +0.5%
Finance	7.4%	5.9%	▼ -1.5%
Textiles & Apparels	4.2%	4.4%	▲ +0.2%
Chemicals & Petrochemicals	4.1%	4.4%	▲ +0.3%
Consumer Durables	4.3%	4.3%	● +0.1%
Capital Markets	3.6%	3.8%	▲ +0.3%
Electrical Equipment	3.2%	3.5%	▲ +0.4%

🔴

Biggest Exit

IIFL Finance Limited

2.13% was held · Finance

↑

Biggest Add

Aditya Birla Capital Limited

+1.49% · now 2.18%

↓

Biggest Trim

Acutaas Chemicals Ltd

-1.15% · now 0.98%

👋 Other funds also exited

ICICI Prudential Asset Management Company Limited 21 funds

eClerx Services Limited 5 funds

Zensar Technologies Limited 4 funds

IIFL Finance Limited 3 funds

Firstsource Solutions Limited 1 fund

What Changed?

Comparing Mar 2026 → Apr 2026

Mar 2026 → Apr 2026

🔴 5 Exits ↑ 36 Increased ↓ 36 Decreased

#	Stock	Sector	Last Weight (Mar 2026)
1	IIFL Finance Limited ₹81.27 Cr	Finance	2.13%
2	Zensar Technologies Limited ₹39.62 Cr	IT - Software	1.04%
3	eClerx Services Limited ₹27.23 Cr	Commercial Services & Supplies	0.71%
4	Firstsource Solutions Limited ₹19.75 Cr	Commercial Services & Supplies	0.52%
5	ICICI Prudential Asset Management Company Limited ₹1.55 Cr	Capital Markets	0.04%

#	Stock	Sector	Mar 2026	Apr 2026	Change
1	Aditya Birla Capital Limited ₹97.09 Cr	Finance	0.69%	2.18%	+1.49%
2	Welspun Corp Limited ₹115.15 Cr	Industrial Products	1.83%	2.58%	+0.75%
3	VA Tech Wabag Limited ₹90.73 Cr	Other Utilities	1.28%	2.03%	+0.75%
4	Garware Hi-Tech Films Ltd ₹41.06 Cr	Industrial Products	0.46%	0.92%	+0.46%
5	Equitas Small Finance Bank Limited ₹38.25 Cr	Banks	0.41%	0.86%	+0.45%
6	NOCIL Limited ₹71.06 Cr	Chemicals & Petrochemicals	1.22%	1.59%	+0.37%
7	Voltamp Transformers Limited ₹109.62 Cr	Electrical Equipment	2.12%	2.46%	+0.34%
8	Angel One Limited ₹104.42 Cr	Capital Markets	2.01%	2.34%	+0.33%
9	EQ - MAHINDRA LOGISTICS LTD. ₹49.33 Cr	Transport Services	0.87%	1.11%	+0.24%
10	Globus Spirits Limited ₹56.14 Cr	Beverages	1.07%	1.26%	+0.19%
11	Jamna Auto Industries Ltd. ₹43.77 Cr	Auto Components	0.79%	0.98%	+0.19%
12	Dalmia Bharat Limited ₹40.79 Cr	Cement & Cement Products	0.72%	0.91%	+0.19%
13	Oswal Pumps Ltd. ₹39.08 Cr	Industrial Products	0.72%	0.88%	+0.16%
14	Neuland Laboratories Limited ₹103.16 Cr	Pharmaceuticals & Biotechnology	2.16%	2.31%	+0.15%
15	Nitin Spinners Limited ₹50.71 Cr	Textiles & Apparels	0.99%	1.14%	+0.15%
16	Vodafone Idea Limited ₹75.58 Cr	Telecom - Services	1.57%	1.69%	+0.12%
17	Jindal Saw Limited ₹124.90 Cr	Industrial Products	2.69%	2.80%	+0.11%
18	Kirloskar Brothers Limited ₹51.14 Cr	Industrial Products	1.04%	1.15%	+0.11%
19	Lumax Auto Technologies Limited ₹33.23 Cr	Auto Components	0.63%	0.74%	+0.11%
20	Bank of Maharashtra ₹51.72 Cr	Banks	1.06%	1.16%	+0.10%
21	Aditya Birla Real Estate Limited ₹32.86 Cr	Paper, Forest & Jute Products	0.65%	0.74%	+0.09%
22	CESC Limited ₹53.19 Cr	Power	1.11%	1.19%	+0.08%
23	P N Gadgil Jewellers Limited ₹61.09 Cr	Consumer Durables	1.30%	1.37%	+0.07%
24	Kajaria Ceramics Limited ₹30.29 Cr	Consumer Durables	0.61%	0.68%	+0.07%
25	Karur Vysya Bank Limited ₹71.45 Cr	Banks	1.54%	1.60%	+0.06%
26	Multi Commodity Exchange of India Limited ₹38.63 Cr	Capital Markets	0.81%	0.87%	+0.06%
27	GE Vernova T&D India Limited ₹48.28 Cr	Electrical Equipment	1.03%	1.08%	+0.05%
28	JSW Energy Limited ₹87.21 Cr	Power	1.92%	1.95%	+0.03%
29	Ratnamani Metals & Tubes Ltd. ₹48.13 Cr	Industrial Products	1.05%	1.08%	+0.03%
30	Stove Kraft Limited ₹43.66 Cr	Consumer Durables	0.95%	0.98%	+0.03%
31	Gokaldas Exports Limited ₹43.49 Cr	Textiles & Apparels	0.94%	0.97%	+0.03%
32	KEI Industries Limited ₹41.29 Cr	Industrial Products	0.90%	0.93%	+0.03%
33	Arvind Limited ₹102.29 Cr	Textiles & Apparels	2.28%	2.29%	+0.01%
34	Manappuram Finance Limited ₹79.47 Cr	Finance	1.77%	1.78%	+0.01%
35	DCB Bank Limited ₹64.90 Cr	Banks	1.44%	1.45%	+0.01%
36	LAKSHMI MACHINE WORKS LTD ₹4.30 Cr	Industrial Manufacturing	0.09%	0.10%	+0.01%

#	Stock	Sector	Mar 2026	Apr 2026	Change
1	Acutaas Chemicals Ltd ₹43.63 Cr	Pharmaceuticals & Biotechnology	2.13%	0.98%	-1.15%
2	Radico Khaitan Limited ₹51.37 Cr	Beverages	2.27%	1.15%	-1.12%
3	CreditAccess Grameen Limited ₹47.70 Cr	Finance	1.92%	1.07%	-0.85%
4	IPCA Laboratories Limited ₹30.19 Cr	Pharmaceuticals & Biotechnology	1.25%	0.68%	-0.57%
5	AGI Greenpac Limited ₹16.42 Cr	Industrial Products	0.84%	0.37%	-0.47%
6	The Ramco Cements Limited ₹92.56 Cr	Cement & Cement Products	2.38%	2.07%	-0.31%
7	Doms Industries Limited ₹45.95 Cr	Household Products	1.21%	1.03%	-0.18%
8	ZF Commercial Vehicle Control Systems India Limited ₹83.28 Cr	Auto Components	2.04%	1.87%	-0.17%
9	Ajanta Pharma Limited ₹46.84 Cr	Pharmaceuticals & Biotechnology	1.22%	1.05%	-0.17%
10	Sagility Limited ₹54.34 Cr	IT - Services	1.36%	1.22%	-0.14%
11	Divi's Laboratories Limited ₹87.78 Cr	Pharmaceuticals & Biotechnology	2.10%	1.97%	-0.13%
12	Asahi India Glass Limited ₹62.51 Cr	Auto Components	1.53%	1.40%	-0.13%
13	GlaxoSmithKline Pharmaceuticals Limited ₹42.74 Cr	Pharmaceuticals & Biotechnology	1.09%	0.96%	-0.13%
14	Glenmark Pharmaceuticals Limited ₹125.13 Cr	Pharmaceuticals & Biotechnology	2.90%	2.80%	-0.10%
15	Laurus Labs Limited ₹72.05 Cr	Pharmaceuticals & Biotechnology	1.70%	1.61%	-0.09%
16	Sun TV Network Limited ₹41.20 Cr	Entertainment	1.01%	0.92%	-0.09%
17	Ujjivan Small Finance Bank Limited ₹94.34 Cr	Banks	2.19%	2.11%	-0.08%
18	Arvind Fashions Limited ₹60.95 Cr	Retailing	1.45%	1.37%	-0.08%
19	LG Balakrishnan & Bros Limited ₹42.69 Cr	Auto Components	1.04%	0.96%	-0.08%
20	KFin Technologies Limited ₹27.51 Cr	Capital Markets	0.70%	0.62%	-0.08%
21	Alkem Laboratories Limited ₹21.60 Cr	Pharmaceuticals & Biotechnology	0.55%	0.48%	-0.07%
22	Supreme Petrochem Ltd. ₹109.40 Cr	Chemicals & Petrochemicals	2.51%	2.45%	-0.06%
23	Blue Star Limited ₹50.70 Cr	Consumer Durables	1.20%	1.14%	-0.06%
24	Mrs. Bectors Food Specialities Limited ₹39.57 Cr	Food Products	0.95%	0.89%	-0.06%
25	TILAKNAGAR INDUSTRIES LIMITED ₹46.38 Cr	Beverages	1.09%	1.04%	-0.05%
26	Wakefit Innovations Limited ₹7.62 Cr	Consumer Durables	0.22%	0.17%	-0.05%
27	Kilburn Engineering Limited ₹48.27 Cr	Industrial Manufacturing	1.12%	1.08%	-0.04%
28	Usha Martin Limited ₹98.81 Cr	Industrial Products	2.24%	2.21%	-0.03%
29	Belrise Industries Ltd. ₹63.82 Cr	Auto Components	1.46%	1.43%	-0.03%
30	Cholamandalam Financial Holdings Limited ₹40.31 Cr	Finance	0.93%	0.90%	-0.03%
31	EID Parry India Limited ₹21.64 Cr	Food Products	0.52%	0.49%	-0.03%
32	Shriram Pistons & Rings Limited ₹88.77 Cr	Auto Components	2.01%	1.99%	-0.02%
33	Bajaj Auto Limited ₹39.98 Cr	Automobiles	0.92%	0.90%	-0.02%
34	Birlasoft Limited ₹14.78 Cr	IT - Software	0.35%	0.33%	-0.02%
35	Navin Fluorine International Limited ₹14.45 Cr	Chemicals & Petrochemicals	0.34%	0.32%	-0.02%
36	Anthem Biosciences Limited ₹58.33 Cr	Pharmaceuticals & Biotechnology	1.32%	1.31%	-0.01%

Full Portfolio

72 stocks — Apr 2026

#	Stock	Sector	Weight & Value
1	Jindal Saw Limited ₹124.90 Cr	Industrial Products	2.80%
2	Glenmark Pharmaceuticals Limited ₹125.13 Cr	Pharmaceuticals & Biotechnology	2.80%
3	Welspun Corp Limited ₹115.15 Cr	Industrial Products	2.58%
4	Voltamp Transformers Limited ₹109.62 Cr	Electrical Equipment	2.46%
5	Supreme Petrochem Ltd. ₹109.40 Cr	Chemicals & Petrochemicals	2.45%
6	Angel One Limited ₹104.42 Cr	Capital Markets	2.34%
7	Neuland Laboratories Limited ₹103.16 Cr	Pharmaceuticals & Biotechnology	2.31%
8	Arvind Limited ₹102.29 Cr	Textiles & Apparels	2.29%
9	Usha Martin Limited ₹98.81 Cr	Industrial Products	2.21%
10	Aditya Birla Capital Limited ₹97.09 Cr	Finance	2.18%
11	Ujjivan Small Finance Bank Limited ₹94.34 Cr	Banks	2.11%
12	The Ramco Cements Limited ₹92.56 Cr	Cement & Cement Products	2.07%
13	VA Tech Wabag Limited ₹90.73 Cr	Other Utilities	2.03%
14	Shriram Pistons & Rings Limited ₹88.77 Cr	Auto Components	1.99%
15	Divi's Laboratories Limited ₹87.78 Cr	Pharmaceuticals & Biotechnology	1.97%
16	JSW Energy Limited ₹87.21 Cr	Power	1.95%
17	ZF Commercial Vehicle Control Systems India Limited ₹83.28 Cr	Auto Components	1.87%
18	Manappuram Finance Limited ₹79.47 Cr	Finance	1.78%
19	Vodafone Idea Limited ₹75.58 Cr	Telecom - Services	1.69%
20	Laurus Labs Limited ₹72.05 Cr	Pharmaceuticals & Biotechnology	1.61%
21	Karur Vysya Bank Limited ₹71.45 Cr	Banks	1.60%
22	NOCIL Limited ₹71.06 Cr	Chemicals & Petrochemicals	1.59%
23	DCB Bank Limited ₹64.90 Cr	Banks	1.45%
24	Belrise Industries Ltd. ₹63.82 Cr	Auto Components	1.43%
25	Asahi India Glass Limited ₹62.51 Cr	Auto Components	1.40%
26	P N Gadgil Jewellers Limited ₹61.09 Cr	Consumer Durables	1.37%
27	Arvind Fashions Limited ₹60.95 Cr	Retailing	1.37%
28	Anthem Biosciences Limited ₹58.33 Cr	Pharmaceuticals & Biotechnology	1.31%
29	Globus Spirits Limited ₹56.14 Cr	Beverages	1.26%
30	Sagility Limited ₹54.34 Cr	IT - Services	1.22%
31	CESC Limited ₹53.19 Cr	Power	1.19%
32	Bank of Maharashtra ₹51.72 Cr	Banks	1.16%
33	Radico Khaitan Limited ₹51.37 Cr	Beverages	1.15%
34	Kirloskar Brothers Limited ₹51.14 Cr	Industrial Products	1.15%
35	Nitin Spinners Limited ₹50.71 Cr	Textiles & Apparels	1.14%
36	Blue Star Limited ₹50.70 Cr	Consumer Durables	1.14%
37	EQ - MAHINDRA LOGISTICS LTD. ₹49.33 Cr	Transport Services	1.11%
38	Kilburn Engineering Limited ₹48.27 Cr	Industrial Manufacturing	1.08%
39	GE Vernova T&D India Limited ₹48.28 Cr	Electrical Equipment	1.08%
40	Ratnamani Metals & Tubes Ltd. ₹48.13 Cr	Industrial Products	1.08%
41	CreditAccess Grameen Limited ₹47.70 Cr	Finance	1.07%
42	Ajanta Pharma Limited ₹46.84 Cr	Pharmaceuticals & Biotechnology	1.05%
43	TILAKNAGAR INDUSTRIES LIMITED ₹46.38 Cr	Beverages	1.04%
44	Doms Industries Limited ₹45.95 Cr	Household Products	1.03%
45	Jamna Auto Industries Ltd. ₹43.77 Cr	Auto Components	0.98%
46	Stove Kraft Limited ₹43.66 Cr	Consumer Durables	0.98%
47	Acutaas Chemicals Ltd ₹43.63 Cr	Pharmaceuticals & Biotechnology	0.98%
48	Gokaldas Exports Limited ₹43.49 Cr	Textiles & Apparels	0.97%
49	GlaxoSmithKline Pharmaceuticals Limited ₹42.74 Cr	Pharmaceuticals & Biotechnology	0.96%
50	LG Balakrishnan & Bros Limited ₹42.69 Cr	Auto Components	0.96%
51	KEI Industries Limited ₹41.29 Cr	Industrial Products	0.93%
52	Sun TV Network Limited ₹41.20 Cr	Entertainment	0.92%
53	Garware Hi-Tech Films Ltd ₹41.06 Cr	Industrial Products	0.92%
54	Dalmia Bharat Limited ₹40.79 Cr	Cement & Cement Products	0.91%
55	Cholamandalam Financial Holdings Limited ₹40.31 Cr	Finance	0.90%
56	Bajaj Auto Limited ₹39.98 Cr	Automobiles	0.90%
57	Mrs. Bectors Food Specialities Limited ₹39.57 Cr	Food Products	0.89%
58	Oswal Pumps Ltd. ₹39.08 Cr	Industrial Products	0.88%
59	Multi Commodity Exchange of India Limited ₹38.63 Cr	Capital Markets	0.87%
60	Equitas Small Finance Bank Limited ₹38.25 Cr	Banks	0.86%
61	Lumax Auto Technologies Limited ₹33.23 Cr	Auto Components	0.74%
62	Aditya Birla Real Estate Limited ₹32.86 Cr	Paper, Forest & Jute Products	0.74%
63	IPCA Laboratories Limited ₹30.19 Cr	Pharmaceuticals & Biotechnology	0.68%
64	Kajaria Ceramics Limited ₹30.29 Cr	Consumer Durables	0.68%
65	KFin Technologies Limited ₹27.51 Cr	Capital Markets	0.62%
66	EID Parry India Limited ₹21.64 Cr	Food Products	0.49%
67	Alkem Laboratories Limited ₹21.60 Cr	Pharmaceuticals & Biotechnology	0.48%
68	AGI Greenpac Limited ₹16.42 Cr	Industrial Products	0.37%
69	Birlasoft Limited ₹14.78 Cr	IT - Software	0.33%
70	Navin Fluorine International Limited ₹14.45 Cr	Chemicals & Petrochemicals	0.32%
71	Wakefit Innovations Limited ₹7.62 Cr	Consumer Durables	0.17%
72	LAKSHMI MACHINE WORKS LTD ₹4.30 Cr	Industrial Manufacturing	0.10%