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 May 2026 Comparing Apr 2026 → May 2026

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Stocks Held

May 2026

Equity Holdings

₹4,330.13 Cr

Equity only, excl. debt & cash

Top 5 Weight

13.1%

Diversified

Top 10 Weight

24.2%

Diversified

Changes

9 new · 4 exits

Top Sector

Industrial Products

13.8% of portfolio

📋 What Happened This Month Mahindra Manulife Small Cap Fund made 9 new additions and exited 4 stocks this month. The biggest new buy was Coforge Limited (IT - Software) at 2.04% weight. CESC Limited was the biggest exit (Power), which was held at 1.19%. Among existing holdings, Garware Hi-Tech Films Ltd saw the biggest increase — now at 2.14% of the portfolio. Welspun Corp Limited was trimmed the most, now at 1.20%. Jindal Saw Limited remains the top holding with Industrial Products the dominant sector at 13.8%. ↓ Scroll down for full holdings, sector allocation and month-on-month changes in detail.

How Has the NAV Performed?

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

+5.24%

+20.87%

+9.63%

+11.46%

Latest NAV

₹22.29

25 Jun 2026

52W High

₹22.42

-1% from High

52W Low

₹16.39

+36% 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

28.7%

+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)

18.1%

Lower = more consistent returns.

NAV Chart ₹22.29 25 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: ₹22.29

Sector Shift Industry allocation month-over-month

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%

Apr 2026 → May 2026

Sector	Prev	Curr ▼	Delta
Industrial Products	12.9%	13.8%	▲ +0.9%
Pharmaceuticals & Biotechnology	14.2%	11.9%	▼ -2.3%
Auto Components	9.4%	10.6%	▲ +1.3%
Banks	7.2%	8.1%	▲ +0.9%
Finance	5.9%	6.3%	▲ +0.4%
Consumer Durables	4.3%	5.0%	▲ +0.7%
Chemicals & Petrochemicals	4.4%	4.8%	▲ +0.4%
Textiles & Apparels	4.4%	4.8%	▲ +0.4%
Capital Markets	3.8%	3.6%	▼ -0.2%
Electrical Equipment	3.5%	3.4%	▼ -0.2%

🟢

Biggest New Buy

Coforge Limited

2.04% weight · IT - Software

🔴

Biggest Exit

CESC Limited

1.19% was held · Power

↑

Biggest Add

Garware Hi-Tech Films Ltd

+1.22% · now 2.14%

↓

Biggest Trim

Welspun Corp Limited

-1.38% · now 1.20%

🤝 Other funds also bought this month

Dixon Technologies (India) Limited 32 funds

Coforge Limited 26 funds

Bandhan Bank Limited 19 funds

Sona BLW Precision Forgings Limited 17 funds

Krishna Institute Of Medical Sciences Limited 9 funds

Aarti Industries Limited 7 funds

👋 Other funds also exited

Radico Khaitan Limited 8 funds

Birlasoft Limited 5 funds

CESC Limited 5 funds

IPCA Laboratories Limited 5 funds

What Changed in the Portfolio This Month?

Comparing Apr 2026 → May 2026

Apr 2026 → May 2026

🟢 9 New Entries 🔴 4 Exits ↑ 25 Increased ↓ 42 Decreased

#	Stock	Sector	Weight (May 2026)
1	Coforge Limited ₹93.84 Cr	IT - Software	2.04%
2	Dixon Technologies (India) Limited ₹55.32 Cr	Consumer Durables	1.20%
3	Bandhan Bank Limited ₹52.08 Cr	Banks	1.13%
4	Sona BLW Precision Forgings Limited ₹51.03 Cr	Auto Components	1.11%
5	Mold-Tek Packaging Limited ₹50.90 Cr	Industrial Products	1.11%
6	Ideaforge Technology Limited ₹30.72 Cr	Aerospace & Defense	0.67%
7	Aarti Industries Limited ₹27.40 Cr	Chemicals & Petrochemicals	0.60%
8	Krishna Institute Of Medical Sciences Limited ₹24.94 Cr	Healthcare Services	0.54%
9	Fedbank Financial Ser Ltd ₹8.28 Cr	Finance	0.18%

#	Stock	Sector	Last Weight (Apr 2026)
1	CESC Limited ₹53.19 Cr	Power	1.19%
2	Radico Khaitan Limited ₹51.37 Cr	Beverages	1.15%
3	IPCA Laboratories Limited ₹30.19 Cr	Pharmaceuticals & Biotechnology	0.68%
4	Birlasoft Limited ₹14.78 Cr	IT - Software	0.33%

#	Stock	Sector	Apr 2026	May 2026	Change
1	Garware Hi-Tech Films Ltd ₹98.02 Cr	Industrial Products	0.92%	2.14%	+1.22%
2	Vodafone Idea Limited ₹103.46 Cr	Telecom - Services	1.69%	2.25%	+0.56%
3	Manappuram Finance Limited ₹100.87 Cr	Finance	1.78%	2.20%	+0.42%
4	Arvind Limited ₹121.48 Cr	Textiles & Apparels	2.29%	2.65%	+0.36%
5	Laurus Labs Limited ₹89.14 Cr	Pharmaceuticals & Biotechnology	1.61%	1.94%	+0.33%
6	Jamna Auto Industries Ltd. ₹57.46 Cr	Auto Components	0.98%	1.25%	+0.27%
7	DCB Bank Limited ₹78.73 Cr	Banks	1.45%	1.71%	+0.26%
8	Neuland Laboratories Limited ₹117.49 Cr	Pharmaceuticals & Biotechnology	2.31%	2.56%	+0.25%
9	Jindal Saw Limited ₹138.55 Cr	Industrial Products	2.80%	3.02%	+0.22%
10	The Ramco Cements Limited ₹104.61 Cr	Cement & Cement Products	2.07%	2.28%	+0.21%
11	Asahi India Glass Limited ₹73.73 Cr	Auto Components	1.40%	1.61%	+0.21%
12	Acutaas Chemicals Ltd ₹52.43 Cr	Pharmaceuticals & Biotechnology	0.98%	1.14%	+0.16%
13	Angel One Limited ₹114.09 Cr	Capital Markets	2.34%	2.49%	+0.15%
14	Usha Martin Limited ₹107.67 Cr	Industrial Products	2.21%	2.35%	+0.14%
15	NOCIL Limited ₹79.30 Cr	Chemicals & Petrochemicals	1.59%	1.73%	+0.14%
16	Doms Industries Limited ₹53.72 Cr	Household Products	1.03%	1.17%	+0.14%
17	GE Vernova T&D India Limited ₹55.66 Cr	Electrical Equipment	1.08%	1.21%	+0.13%
18	Ajanta Pharma Limited ₹52.47 Cr	Pharmaceuticals & Biotechnology	1.05%	1.14%	+0.09%
19	KEI Industries Limited ₹44.77 Cr	Industrial Products	0.93%	0.98%	+0.05%
20	Aditya Birla Capital Limited ₹102.09 Cr	Finance	2.18%	2.22%	+0.04%
21	Nitin Spinners Limited ₹53.72 Cr	Textiles & Apparels	1.14%	1.17%	+0.03%
22	Lumax Auto Technologies Limited ₹35.34 Cr	Auto Components	0.74%	0.77%	+0.03%
23	Equitas Small Finance Bank Limited ₹40.17 Cr	Banks	0.86%	0.88%	+0.02%
24	Bajaj Auto Limited ₹41.84 Cr	Automobiles	0.90%	0.91%	+0.01%
25	Navin Fluorine International Limited ₹15.10 Cr	Chemicals & Petrochemicals	0.32%	0.33%	+0.01%

#	Stock	Sector	Apr 2026	May 2026	Change
1	Welspun Corp Limited ₹55.08 Cr	Industrial Products	2.58%	1.20%	-1.38%
2	Glenmark Pharmaceuticals Limited ₹65.86 Cr	Pharmaceuticals & Biotechnology	2.80%	1.43%	-1.37%
3	JSW Energy Limited ₹45.66 Cr	Power	1.95%	0.99%	-0.96%
4	GlaxoSmithKline Pharmaceuticals Limited ₹16.16 Cr	Pharmaceuticals & Biotechnology	0.96%	0.35%	-0.61%
5	Arvind Fashions Limited ₹36.49 Cr	Retailing	1.37%	0.79%	-0.58%
6	Alkem Laboratories Limited ₹4.67 Cr	Pharmaceuticals & Biotechnology	0.48%	0.10%	-0.38%
7	Supreme Petrochem Ltd. ₹96.16 Cr	Chemicals & Petrochemicals	2.45%	2.09%	-0.36%
8	Voltamp Transformers Limited ₹98.68 Cr	Electrical Equipment	2.46%	2.15%	-0.31%
9	Multi Commodity Exchange of India Limited ₹25.85 Cr	Capital Markets	0.87%	0.56%	-0.31%
10	Globus Spirits Limited ₹43.90 Cr	Beverages	1.26%	0.96%	-0.30%
11	Bank of Maharashtra ₹40.43 Cr	Banks	1.16%	0.88%	-0.28%
12	CreditAccess Grameen Limited ₹36.28 Cr	Finance	1.07%	0.79%	-0.28%
13	P N Gadgil Jewellers Limited ₹51.03 Cr	Consumer Durables	1.37%	1.11%	-0.26%
14	EQ - MAHINDRA LOGISTICS LTD. ₹41.83 Cr	Transport Services	1.11%	0.91%	-0.20%
15	Sun TV Network Limited ₹34.16 Cr	Entertainment	0.92%	0.74%	-0.18%
16	LG Balakrishnan & Bros Limited ₹36.70 Cr	Auto Components	0.96%	0.80%	-0.16%
17	Blue Star Limited ₹45.24 Cr	Consumer Durables	1.14%	0.99%	-0.15%
18	Ujjivan Small Finance Bank Limited ₹90.21 Cr	Banks	2.11%	1.97%	-0.14%
19	Mrs. Bectors Food Specialities Limited ₹34.63 Cr	Food Products	0.89%	0.75%	-0.14%
20	Aditya Birla Real Estate Limited ₹27.50 Cr	Paper, Forest & Jute Products	0.74%	0.60%	-0.14%
21	Ratnamani Metals & Tubes Ltd. ₹43.51 Cr	Industrial Products	1.08%	0.95%	-0.13%
22	Oswal Pumps Ltd. ₹34.32 Cr	Industrial Products	0.88%	0.75%	-0.13%
23	Shriram Pistons & Rings Limited ₹86.22 Cr	Auto Components	1.99%	1.88%	-0.11%
24	AGI Greenpac Limited ₹11.83 Cr	Industrial Products	0.37%	0.26%	-0.11%
25	Kirloskar Brothers Limited ₹48.27 Cr	Industrial Products	1.15%	1.05%	-0.10%
26	Dalmia Bharat Limited ₹37.41 Cr	Cement & Cement Products	0.91%	0.81%	-0.10%
27	Kilburn Engineering Limited ₹46.00 Cr	Industrial Manufacturing	1.08%	1.00%	-0.08%
28	Kajaria Ceramics Limited ₹27.36 Cr	Consumer Durables	0.68%	0.60%	-0.08%
29	Karur Vysya Bank Limited ₹70.29 Cr	Banks	1.60%	1.53%	-0.07%
30	EID Parry India Limited ₹19.37 Cr	Food Products	0.49%	0.42%	-0.07%
31	ZF Commercial Vehicle Control Systems India Limited ₹83.14 Cr	Auto Components	1.87%	1.81%	-0.06%
32	Sagility Limited ₹53.43 Cr	IT - Services	1.22%	1.16%	-0.06%
33	TILAKNAGAR INDUSTRIES LIMITED ₹45.51 Cr	Beverages	1.04%	0.99%	-0.05%
34	KFin Technologies Limited ₹26.34 Cr	Capital Markets	0.62%	0.57%	-0.05%
35	Anthem Biosciences Limited ₹58.32 Cr	Pharmaceuticals & Biotechnology	1.31%	1.27%	-0.04%
36	Gokaldas Exports Limited ₹42.75 Cr	Textiles & Apparels	0.97%	0.93%	-0.04%
37	Stove Kraft Limited ₹43.65 Cr	Consumer Durables	0.98%	0.95%	-0.03%
38	VA Tech Wabag Limited ₹92.12 Cr	Other Utilities	2.03%	2.01%	-0.02%
39	Belrise Industries Ltd. ₹64.94 Cr	Auto Components	1.43%	1.41%	-0.02%
40	Wakefit Innovations Limited ₹6.80 Cr	Consumer Durables	0.17%	0.15%	-0.02%
41	Divi's Laboratories Limited ₹90.00 Cr	Pharmaceuticals & Biotechnology	1.97%	1.96%	-0.01%
42	Cholamandalam Financial Holdings Limited ₹40.98 Cr	Finance	0.90%	0.89%	-0.01%

What Stocks Does This Fund Hold?

77 stocks — May 2026

#	Stock	Sector	Weight & Value
1	Jindal Saw Limited ₹138.55 Cr	Industrial Products	3.02%
2	Arvind Limited ₹121.48 Cr	Textiles & Apparels	2.65%
3	Neuland Laboratories Limited ₹117.49 Cr	Pharmaceuticals & Biotechnology	2.56%
4	Angel One Limited ₹114.09 Cr	Capital Markets	2.49%
5	Usha Martin Limited ₹107.67 Cr	Industrial Products	2.35%
6	The Ramco Cements Limited ₹104.61 Cr	Cement & Cement Products	2.28%
7	Vodafone Idea Limited ₹103.46 Cr	Telecom - Services	2.25%
8	Aditya Birla Capital Limited ₹102.09 Cr	Finance	2.22%
9	Manappuram Finance Limited ₹100.87 Cr	Finance	2.20%
10	Voltamp Transformers Limited ₹98.68 Cr	Electrical Equipment	2.15%
11	Garware Hi-Tech Films Ltd ₹98.02 Cr	Industrial Products	2.14%
12	Supreme Petrochem Ltd. ₹96.16 Cr	Chemicals & Petrochemicals	2.09%
13	Coforge Limited ₹93.84 Cr	IT - Software	2.04%
14	VA Tech Wabag Limited ₹92.12 Cr	Other Utilities	2.01%
15	Ujjivan Small Finance Bank Limited ₹90.21 Cr	Banks	1.97%
16	Divi's Laboratories Limited ₹90.00 Cr	Pharmaceuticals & Biotechnology	1.96%
17	Laurus Labs Limited ₹89.14 Cr	Pharmaceuticals & Biotechnology	1.94%
18	Shriram Pistons & Rings Limited ₹86.22 Cr	Auto Components	1.88%
19	ZF Commercial Vehicle Control Systems India Limited ₹83.14 Cr	Auto Components	1.81%
20	NOCIL Limited ₹79.30 Cr	Chemicals & Petrochemicals	1.73%
21	DCB Bank Limited ₹78.73 Cr	Banks	1.71%
22	Asahi India Glass Limited ₹73.73 Cr	Auto Components	1.61%
23	Karur Vysya Bank Limited ₹70.29 Cr	Banks	1.53%
24	Glenmark Pharmaceuticals Limited ₹65.86 Cr	Pharmaceuticals & Biotechnology	1.43%
25	Belrise Industries Ltd. ₹64.94 Cr	Auto Components	1.41%
26	Anthem Biosciences Limited ₹58.32 Cr	Pharmaceuticals & Biotechnology	1.27%
27	Jamna Auto Industries Ltd. ₹57.46 Cr	Auto Components	1.25%
28	GE Vernova T&D India Limited ₹55.66 Cr	Electrical Equipment	1.21%
29	Dixon Technologies (India) Limited ₹55.32 Cr	Consumer Durables	1.20%
30	Welspun Corp Limited ₹55.08 Cr	Industrial Products	1.20%
31	Doms Industries Limited ₹53.72 Cr	Household Products	1.17%
32	Nitin Spinners Limited ₹53.72 Cr	Textiles & Apparels	1.17%
33	Sagility Limited ₹53.43 Cr	IT - Services	1.16%
34	Ajanta Pharma Limited ₹52.47 Cr	Pharmaceuticals & Biotechnology	1.14%
35	Acutaas Chemicals Ltd ₹52.43 Cr	Pharmaceuticals & Biotechnology	1.14%
36	Bandhan Bank Limited ₹52.08 Cr	Banks	1.13%
37	Mold-Tek Packaging Limited ₹50.90 Cr	Industrial Products	1.11%
38	P N Gadgil Jewellers Limited ₹51.03 Cr	Consumer Durables	1.11%
39	Sona BLW Precision Forgings Limited ₹51.03 Cr	Auto Components	1.11%
40	Kirloskar Brothers Limited ₹48.27 Cr	Industrial Products	1.05%
41	Kilburn Engineering Limited ₹46.00 Cr	Industrial Manufacturing	1.00%
42	JSW Energy Limited ₹45.66 Cr	Power	0.99%
43	TILAKNAGAR INDUSTRIES LIMITED ₹45.51 Cr	Beverages	0.99%
44	Blue Star Limited ₹45.24 Cr	Consumer Durables	0.99%
45	KEI Industries Limited ₹44.77 Cr	Industrial Products	0.98%
46	Globus Spirits Limited ₹43.90 Cr	Beverages	0.96%
47	Stove Kraft Limited ₹43.65 Cr	Consumer Durables	0.95%
48	Ratnamani Metals & Tubes Ltd. ₹43.51 Cr	Industrial Products	0.95%
49	Gokaldas Exports Limited ₹42.75 Cr	Textiles & Apparels	0.93%
50	Bajaj Auto Limited ₹41.84 Cr	Automobiles	0.91%
51	EQ - MAHINDRA LOGISTICS LTD. ₹41.83 Cr	Transport Services	0.91%
52	Cholamandalam Financial Holdings Limited ₹40.98 Cr	Finance	0.89%
53	Bank of Maharashtra ₹40.43 Cr	Banks	0.88%
54	Equitas Small Finance Bank Limited ₹40.17 Cr	Banks	0.88%
55	Dalmia Bharat Limited ₹37.41 Cr	Cement & Cement Products	0.81%
56	LG Balakrishnan & Bros Limited ₹36.70 Cr	Auto Components	0.80%
57	CreditAccess Grameen Limited ₹36.28 Cr	Finance	0.79%
58	Arvind Fashions Limited ₹36.49 Cr	Retailing	0.79%
59	Lumax Auto Technologies Limited ₹35.34 Cr	Auto Components	0.77%
60	Mrs. Bectors Food Specialities Limited ₹34.63 Cr	Food Products	0.75%
61	Oswal Pumps Ltd. ₹34.32 Cr	Industrial Products	0.75%
62	Sun TV Network Limited ₹34.16 Cr	Entertainment	0.74%
63	Ideaforge Technology Limited ₹30.72 Cr	Aerospace & Defense	0.67%
64	Aditya Birla Real Estate Limited ₹27.50 Cr	Paper, Forest & Jute Products	0.60%
65	Aarti Industries Limited ₹27.40 Cr	Chemicals & Petrochemicals	0.60%
66	Kajaria Ceramics Limited ₹27.36 Cr	Consumer Durables	0.60%
67	KFin Technologies Limited ₹26.34 Cr	Capital Markets	0.57%
68	Multi Commodity Exchange of India Limited ₹25.85 Cr	Capital Markets	0.56%
69	Krishna Institute Of Medical Sciences Limited ₹24.94 Cr	Healthcare Services	0.54%
70	EID Parry India Limited ₹19.37 Cr	Food Products	0.42%
71	GlaxoSmithKline Pharmaceuticals Limited ₹16.16 Cr	Pharmaceuticals & Biotechnology	0.35%
72	Navin Fluorine International Limited ₹15.10 Cr	Chemicals & Petrochemicals	0.33%
73	AGI Greenpac Limited ₹11.83 Cr	Industrial Products	0.26%
74	Fedbank Financial Ser Ltd ₹8.28 Cr	Finance	0.18%
75	Wakefit Innovations Limited ₹6.80 Cr	Consumer Durables	0.15%
76	Alkem Laboratories Limited ₹4.67 Cr	Pharmaceuticals & Biotechnology	0.10%
77	LAKSHMI MACHINE WORKS LTD ₹4.64 Cr	Industrial Manufacturing	0.10%