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Mahindra Manulife Multi Cap Fund - Investment Objective, Fund Managers & Should You Invest?

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Explore Mahindra Manulife Multi Cap Fund's investment objective, strategy, fund managers, and AMC details. Find out if this multi-cap equity fund is right for your portfolio.

Investment Objective and Approach

The investment objective of the Mahindra Manulife Multi Cap Fund is to provide medium to long term capital appreciation through appropriate diversification and taking low risk on business quality. The diversified portfolio would predominantly consist of equity and equity related securities including derivatives.

The fund follows a multi-cap investment approach that is mandated to invest at least 25 per cent of its money each in stocks of large, medium and small-sized companies. The fund maintains a well-diversified portfolio of companies having demonstrated industry leadership and scalability leading to high earnings growth potential. The portfolio will tap into emerging growth opportunities from across sectors stemming from under penetration, structural market share shifts and technology driven changes.

Key portfolio characteristics include:

- Key Overweight sector/Industries include Capital Goods, Consumer Durables and Construction Materials vs the Scheme's Benchmark

- Key Underweights sectors /Industries includes FMCG, Banks and Chemicals vs the Scheme's Benchmark

- Portfolio is underweight on large cap, neutral on midcap and overweight on SmallCap vs the Scheme's Benchmark

Fund Managers

The fund is co-managed by two experienced professionals:

Ms. Fatema Pacha

Ms. Fatema Pacha has been an Equity Fund Manager in Mahindra Manulife Mutual Fund since September 2020. She has over 14 years of work experience in equity research and fund management. She holds a PGDBM (Finance) from SP Jain Institute of Management and Research and a B.E. (Computers) degree from Thadomal Shahani Engineering College. Ms. Fatema also worked for ICICI Prudential Life Insurance Company and UTI Mutual Fund before joining Mahindra Manulife Mutual Fund. Ms. Fatema Pacha is managing this scheme since October 16, 2020.

Mr. Manish Lodha

Mr. Manish Lodha (both a Chartered Accountant and a Company Secretary) has around 20 years of work experience. He has worked in the mutual fund industry for 11 years and the insurance industry (in equity research and fund management) for four years. Before associating with MMIMPL as an Equity Fund Manager, Mr. Lodha worked in Canara HSBC OBC Life Insurance Co. Ltd. and Kotak Mahindra Mutual Fund as a Portfolio Manager, Equity Research. Mr. Manish Lodha is managing this fund since December 21, 2020.

Mr. Manish Lodha manages 10 schemes and Ms. Fatema Pacha manages 9 schemes each of Mahindra Manulife Mutual Fund.

About the Fund House (AMC)

Mahindra Manulife Mutual Fund represents a strategic partnership between two established financial entities. Mahindra Manulife Investment Management Pvt. Ltd (MMIMPL) was incorporated on 20th June 2013 under the Companies Act, 1956. It is the Investment Manager of Mahindra Manulife Mutual Fund, offering a wide variety of investment solutions across India.

Before April 2020, the Mahindra Manulife Investment Management Pvt. Ltd was known as Mahindra Asset Management Company Private Limited. However, on 29th April 2020, Manulife Singapore acquired 49% of the equity share capital of the Asset Management Company and became a co-sponsor of the mutual fund. Accordingly, Mahindra Mutual Fund was renamed Mahindra Manulife Mutual Fund and Mahindra Asset Management Company Private Limited as Mahindra Manulife Investment Management Pvt. Ltd.

The partnership combines Mahindra & Mahindra Financial Services Limited and Manulife Investment Management together bring a perfect blend of global wealth and asset management skills. Mahindra Manulife Mutual Funds brings forth a diverse set of mutual funds, including multi-cap, large-cap, mid-cap, flexi-cap, small-cap, aggressive hybrid, ELSS, etc.

As of recent data, Mahindra Manulife Mutual Funds has an AUM of over Rs 19091.98 crore (as on Mar 2024). The Mahindra Manulife Investment Management Pvt. Ltd offers several open-ended schemes for long-term financial growth, focusing primarily on the semi-urban areas.

Should I Invest in Mahindra Manulife Multi Cap Fund?

This fund may be suitable for investors who:

Risk Profile: Such funds can be fairly volatile since at least 50% of their assets will always be invested in mid and small cap stocks which generally experience more severe ups and downs. This makes them suitable for long-term investors who don't mind higher risk, but we suggest you also consider flexi-cap funds which offer complete freedom to fund managers to choose companies of different sizes.

Investment Horizon: When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. But be prepared for ups and downs in your investment value along the way. Warning: Do not invest in this, or any other multi-cap fund, if you need to redeem your investment in less than five years.

Investment Method: Like for all equity funds, you must invest only through the SIP route.

Key considerations:

- Minimum SIP amount: ₹500

- Minimum lump sum: ₹1,000

- Exit load: 1% if redeemed within 3 months

- Latest NAV (as of Aug 22, 2025): ₹40.98

- AUM: ₹4,742 Cr

FAQs

What is today's NAV of Mahindra Manulife Multi Cap Fund?

The latest NAV varies daily. You can check the current NAV on financial websites like Groww, Angel One, or the official Mahindra Manulife website for real-time updates.

What is the AUM of Mahindra Manulife Multi Cap Fund?

As of August 2025, the fund has an AUM of approximately ₹4,742 crores. This reflects the total assets under management across all investors.

What is the expense ratio of Mahindra Manulife Multi Cap Fund?

The expense ratio for the direct plan is 0.40% while the regular plan has a higher expense ratio of around 1.78%. Direct plans offer lower costs.

What are the returns of Mahindra Manulife Multi Cap Fund since inception?

The fund was launched in May 2017. Historical returns vary based on market conditions and you should check the latest factsheets for current performance data.

What is the minimum SIP amount to invest in Mahindra Manulife Multi Cap Fund?

The minimum SIP amount is ₹500 per month. You can also make a lump sum investment with a minimum of ₹1,000.

How do I invest in Mahindra Manulife Multi Cap Fund?

You can invest through Allvest's platform by completing your KYC, selecting the fund, choosing SIP or lump sum, and setting up payment methods like UPI or bank mandate.

How to start a SIP in Mahindra Manulife Multi Cap Fund?

Log into Allvest, search for the fund, select "Start SIP", choose your monthly amount (minimum ₹500), set the date, and authorize automatic payments.

How do I automate an SIP in Mahindra Manulife Multi Cap Fund?

After setting up your SIP on Allvest, you can automate payments through bank mandate or UPI autopay to ensure seamless monthly investments without manual intervention.

How can I withdraw/redeem my investment in Mahindra Manulife Multi Cap Fund?

You can redeem through Allvest by selecting the fund, clicking "Redeem", specifying the amount or units, and confirming. Proceeds are typically credited within 3-4 business days.