Investment Objective and Approach

The investment objective of the Mahindra Manulife Small Cap Fund is to generate long-term capital appreciation by investing in a diversified portfolio of equity & equity related securities of small cap companies. The scheme seeks to generate long term capital appreciation by investing in a diversified portfolio of equity & equity related securities.

The fund follows a systematic investment approach:

- Portfolio construction on bottom up stock selection basis

- Focus on companies ranked 251st onwards in market capitalization as per SEBI guidelines

- Emphasis on identifying quality small-cap companies with strong growth potential

- Disciplined risk management with appropriate diversification

Key Investment Strategy:

- Key Overweight sectors/Industries include Automobile and Auto Components, FMCG and Power vs the Schemes' Benchmark

- Key Underweight sectors /Industries include Healthcare, Chemicals and Construction vs the Schemes' Benchmark

Fund Managers

Manish Lodha is the Current Fund Manager of Mahindra Manulife Small Cap Fund Direct Growth fund. The fund is managed by an experienced team of fund managers:

Mr. Manish Lodha:

- Total Experience: 23 years, Experience in managing this fund: 2 Years and 6 months (Managing since December 12, 2022)

- He is a Chartered Accountant and a Company Secretary

- Mr Manish Lodha carries an experience of more than 22 years during which he has worked in the Mutual Fund Industry, Life Insurance Industry, etc. He worked with Kotak Mahindra Mutual Fund and Canara HSBC OBC Life Insurance Co Ltd before joining Mahindra Manulife Mutual Funds.

Mr. Krishna Sanghavi:

- Total Experience: 27 years Experience in managing this fund: 8 months (Managing since October 24, 2024)

- Mr. Sanghvi is a B.Com (H), CWA from ICWAI, Master of Management Studies (Finance) from NMIMS, Mumbai and CFA from ICFAI

- Prior to joining Mahindra Manulife Investment Management Pvt. Ltd., he has worked with Canara Robeco AMC, Kotak Mahindra AMC Ltd.

Mr. Vishal Jajoo:

- Mr. Vishal Jajoo is managing this fund since December 23, 2024

About the Fund House (AMC)

Mahindra & Mahindra Financial Services Limited (Mahindra Finance) has completed the proceedings for divestment of 49 percent stake in its wholly-owned subsidiary, Mahindra Asset Management Company Private Limited (Mahindra AMC), to Manulife, a leading global financial services group. Manulife has invested US$ 35 million (~INR 265 crore) in the 51:49 joint venture.

Company Background:

- Mahindra Manulife Investment Management Pvt. Ltd (MMIMPL) was incorporated on 20th June 2013 under the Companies Act, 1956

- In April 2020, Manulife, Canada based global financial services group completed acquisition of 49% stake in Mahindra AMC. Manulife invested US$ 35 million (around Rs.265 crore) in this joint venture.

Partnership Strengths:

- The joint venture brings together Mahindra Finance's domestic market strength and track record of building successful businesses and partnerships, with Manulife's global wealth and asset management capabilities and richness of experience in servicing the needs of consumers in Asia and around the world across developed and developing markets.

- Manulife is one of big names in developed markets with focus on asset management business. We strongly believe that the alliance will strengthen our fund management process which has proven track record of success across geographies.

Focus Areas:

- Mahindra Manulife Mutual Fund endeavours to offer a variety of mutual fund schemes pan India, with special focus in rural and semi urban areas.

- According to the latest available financial data, Mahindra Manulife Mutual Funds has an AUM of over Rs 19091.98 crore (as on Mar 2024).

Should I Invest in Mahindra Manulife Small Cap Fund?

This fund may be suitable for investors who:

Investment Suitability:

- Have a long-term investment horizon of at least 7 years

- Can tolerate high volatility and risk associated with small-cap investments

- Seek capital appreciation over income generation

- Want exposure to India's emerging small-cap companies

Key Considerations:

- When you invest for seven years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. Warning: Do not invest in this, or any other small-cap fund, if you need to redeem your investment in less than seven years.

- The Mahindra Manulife Small Cap Fund Direct Growth is rated Very High risk.

- Like for all equity funds, you must invest only through the SIP route. Click here to read a primer on SIP investing.

Financial Metrics (as of latest available data):

- The fund currently has an Asset Under Management(AUM) of ₹31,279 Cr and the Latest NAV as of 25 Aug 2025 is ₹20.19.

- Mahindra Manulife Small Cap Fund Direct Growth has given a CAGR return of 28.80% since inception.

- The fund has an expense ratio 0.4.

- Inception/Allotment date: 12-Dec-22.

FAQs

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

The NAV changes daily based on market movements. You can check the current NAV on the fund house website or through your investment platform like Allvest.

What is the AUM of Mahindra Manulife Small Cap Fund?

As of June 30, 2025, the fund has a Monthly AUM of ₹4,065.41 crores.

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

The fund has an expense ratio of 0.4%.

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

The fund has given a CAGR return of 28.80% since inception. However, past performance may not be sustained in future.

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

The minimum investment required for SIP (Systematic Investment Plan) option is ₹500.

How do I invest in Mahindra Manulife Small Cap Fund?

You can invest in this fund through Allvest platform online, through the fund house website, or via registered mutual fund distributors with proper KYC compliance.

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

You can start a SIP through Allvest by selecting the fund, choosing SIP option, setting the amount and frequency, and completing the mandate setup for automated debits.

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

Set up an auto-debit mandate with your bank through Allvest or the fund house platform to ensure seamless monthly investments without manual intervention.

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

You can redeem your investment online through Allvest, the fund house website, or by submitting a redemption request. An Exit Load of 1% is payable if Units are redeemed within 3 months from the date of allotment; Nil if redeemed after 3 months.