Mahindra Manulife Multi Cap Fund - Regular Plan - Growth

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

Category : Multi Cap Fund

Fund House : Mahindra Manulife Mutual Fund

Portfolio Turnover Ratio : 90.00%. Category average turnover ratio is 347.70%. Fund manager updated portfolio less frequently than peers in last 1 year. (I.e. fund manager held stocks/bonds in the portfolio for longer duration than peers)

Equity Holding : 98.04% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 98.04%

No of Stocks : 75 (Category Avg - 84.79) | Large Cap Investments : 32.72%| Mid Cap Investments : 21.94% | Small Cap Investments : 13.33% | Other : 30.05%

Portfolio Summary (as on 31st Oct,2025)

Particulars	This Scheme	Category
No. of Stocks	75	83.76
Top 5 Stock Weight	14.56%	18.27%
Top 10 Stock Weight	26.75%	30.27%
Top 3 Sector Weight	26.12%	24.65%

Category - Multi Cap Fund

Particulars	This Scheme	Category
Average mcap (Cr)	60501.28	61679.36
Holdings in large cap stocks	32.72%	27.42%
Holdings in mid cap stocks	21.94%	15.46%
Holdings in small cap stocks	13.33%	16.99%

Category - Multi Cap Fund

Top 10 Stocks holding in Portfolio (as on 31st Oct,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
Divis Laboratories Ltd.	Pharmaceuticals	1920.3	3.17%	0.14%	3.66% (Feb 2025)	2.97% (Nov 2024)	2.85 L	-0.20 L
ICICI Bank Ltd.	Private sector bank	1887.5	3.12%	-0.19%	3.63% (Jul 2025)	1.71% (Jun 2025)	14.03 L	0.00
Glenmark Pharmaceuticals Ltd.	Pharmaceuticals	1870.4	3.09%	-0.29%	3.48% (Jul 2025)	0% (Nov 2024)	9.89 L	0.00
Indus Towers Ltd.	Telecom - infrastructure	1632.6	2.70%	0.01%	3.6% (Apr 2025)	0% (Nov 2024)	44.90 L	0.00
Fortis Healthcare Ltd.	Hospital	1498.8	2.48%	0.89%	2.48% (Oct 2025)	0% (Nov 2024)	14.65 L	5.30 L
Ultratech Cement Ltd.	Cement & cement products	1493.4	2.47%	-0.20%	2.81% (Aug 2025)	0% (Nov 2024)	1.25 L	0.00
Angel One Ltd.	Stockbroking & allied	1487.2	2.46%	0.95%	2.46% (Oct 2025)	0.83% (Feb 2025)	5.97 L	1.93 L
- Polycab India Limited	Cables - electricals	1486.9	2.46%	0.00%	2.46% (Oct 2025)	0% (Nov 2024)	1.93 L	0.00
State Bank Of India	Public sector bank	1457	2.41%	0.42%	2.41% (Oct 2025)	0% (Nov 2024)	15.55 L	2.50 L
J S W Steel Ltd.	Iron & steel products	1445.1	2.39%	0.96%	2.39% (Oct 2025)	0% (Nov 2024)	11.98 L	4.80 L

- indicates change in weight in the portfolio. # indicates a new entry.

View complete holding

Complete equity Portfolio (as on 31st Oct,2025)

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Sector
M-Cap

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Stock Invested in	Sector	Sector Total	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty	M-Cap	GroupName
Divis Laboratories Ltd.	Pharmaceuticals	9.81	1920.3	3.17%	0.14%	3.66% (Feb 2025)	2.97% (Nov 2024)	2.85 L	-0.20 L	Large Cap	32.72
ICICI Bank Ltd.	Private sector bank	11.77	1887.5	3.12%	-0.19%	3.63% (Jul 2025)	1.71% (Jun 2025)	14.03 L	0.00	Large Cap	32.72
Glenmark Pharmaceuticals Ltd.	Pharmaceuticals	9.81	1870.4	3.09%	-0.29%	3.48% (Jul 2025)	0% (Nov 2024)	9.89 L	0.00	Mid Cap	21.94
Indus Towers Ltd.	Telecom - infrastructure	2.7	1632.6	2.70%	0.01%	3.6% (Apr 2025)	0% (Nov 2024)	44.90 L	0.00	Large Cap	32.72
Fortis Healthcare Ltd.	Hospital	4.05	1498.8	2.48%	0.89%	2.48% (Oct 2025)	0% (Nov 2024)	14.65 L	5.30 L	Other	30.05
Ultratech Cement Ltd.	Cement & cement products	3.17	1493.4	2.47%	-0.20%	2.81% (Aug 2025)	0% (Nov 2024)	1.25 L	0.00	Large Cap	32.72
Angel One Ltd.	Stockbroking & allied	2.46	1487.2	2.46%	0.95%	2.46% (Oct 2025)	0.83% (Feb 2025)	5.97 L	1.93 L	Other	30.05
- Polycab India Limited	Cables - electricals	2.46	1486.9	2.46%	0.00%	2.46% (Oct 2025)	0% (Nov 2024)	1.93 L	0.00	Other	30.05
State Bank Of India	Public sector bank	4.25	1457	2.41%	0.42%	2.41% (Oct 2025)	0% (Nov 2024)	15.55 L	2.50 L	Large Cap	32.72
J S W Steel Ltd.	Iron & steel products	2.39	1445.1	2.39%	0.96%	2.39% (Oct 2025)	0% (Nov 2024)	11.98 L	4.80 L	Large Cap	32.72
Laurus Labs Ltd.	Pharmaceuticals	9.81	1408.8	2.33%	-0.62%	3.42% (Jul 2025)	0% (Nov 2024)	14.77 L	-5.27 L	Other	30.05
Godrej Properties Ltd.	Residential, commercial projects	3.19	1372.8	2.27%	0.85%	2.27% (Oct 2025)	0% (Nov 2024)	6.00 L	1.87 L	Mid Cap	21.94
Kaynes Technology India Private Ltd.	Industrial products	2.18	1320.8	2.18%	-0.25%	2.43% (Sep 2025)	1.45% (Nov 2024)	1.97 L	0.00	Other	30.05
Axis Bank Ltd.	Private sector bank	11.77	1294.4	2.14%	0.06%	2.28% (Apr 2025)	0% (Nov 2024)	10.50 L	0.00	Large Cap	32.72
# Federal Bank Ltd.	Private sector bank	11.77	1277.7	2.11%	2.11%	2.11% (Oct 2025)	0% (Nov 2024)	54.00 L	54.00 L	Mid Cap	21.94
PTC Industries Ltd.	Other industrial products	2.05	1240.9	2.05%	0.10%	2.2% (Mar 2025)	1.65% (Feb 2025)	71.80 k	0.00	Small Cap	13.33
Reliance Industries Ltd.	Refineries & marketing	2.03	1226.3	2.03%	-0.41%	4.43% (Jan 2025)	2.03% (Oct 2025)	8.25 L	-2.00 L	Large Cap	32.72
Maruti Suzuki India Ltd.	Passenger cars & utility vehicles	3.19	1060.2	1.75%	-0.09%	1.99% (Aug 2025)	0% (Nov 2024)	65.50 k	0.00	Large Cap	32.72
Bajaj Finserv Ltd	Holding company	1.69	1023.3	1.69%	0.15%	1.69% (Apr 2025)	0% (Nov 2024)	4.90 L	50.00 k	Other	30.05
Indusind Bank Ltd.	Private sector bank	11.77	993.5	1.64%	0.03%	2.06% (Apr 2025)	0% (Nov 2024)	12.50 L	0.00	Large Cap	32.72
Sai Life Sciences Ltd.	Petrochemicals	1.62	982.5	1.62%	0.01%	1.63% (Feb 2025)	0% (Nov 2024)	10.70 L	0.00	Other	30.05
IDFC First Bank Ltd.	Private sector bank	11.77	981.2	1.62%	0.64%	1.62% (Oct 2025)	0% (Nov 2024)	1.20 Cr	40.00 L	Mid Cap	21.94
Mphasis Ltd.	Computers - software & consulting	4.54	967.5	1.60%	-0.23%	1.96% (Aug 2025)	0% (Nov 2024)	3.50 L	-0.45 L	Mid Cap	21.94
Apollo Hospitals Enterprises Ltd.	Hospital	4.05	952.4	1.57%	-0.04%	1.61% (Sep 2025)	0% (Nov 2024)	1.24 L	0.00	Mid Cap	21.94
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	3.19	871.8	1.44%	-0.06%	2.27% (Jan 2025)	0% (Nov 2024)	2.50 L	0.00	Large Cap	32.72
Bajaj Auto Ltd.	2/3 wheelers	1.44	871.5	1.44%	-0.05%	1.49% (Sep 2025)	0% (Nov 2024)	98.00 k	0.00	Large Cap	32.72
HDFC Asset Management Co. Ltd.	Asset management company	2.05	817.6	1.35%	-0.12%	1.5% (Jul 2025)	0% (Nov 2024)	1.52 L	0.00	Large Cap	32.72
IIFL Finance Ltd.	Non banking financial company (nbfc)	3.39	812.6	1.34%	0.14%	1.34% (Oct 2025)	0% (Nov 2024)	15.20 L	0.00	Small Cap	13.33
InterGlobe Aviation Ltd.	Airline	1.33	804.4	1.33%	-0.07%	3.01% (Mar 2025)	1.33% (Oct 2025)	1.43 L	0.00	Large Cap	32.72
Kajaria Ceramics Ltd.	Ceramics	1.33	803.1	1.33%	-0.03%	1.43% (Aug 2025)	0% (Nov 2024)	6.65 L	0.00	Small Cap	13.33
Pi Industries Ltd.	Pesticides & agrochemicals	1.33	803	1.33%	-0.36%	2.26% (Nov 2024)	1.33% (Oct 2025)	2.24 L	-0.50 L	Mid Cap	21.94
Piramal Finance Ltd.	Non banking financial company (nbfc)	3.39	798.2	1.32%	-0.08%	1.4% (Sep 2025)	0% (Nov 2024)	7.10 L	0.00	Other	30.05
Persistent Systems Ltd.	Computers - software & consulting	4.54	733.7	1.21%	0.08%	2.9% (Dec 2024)	1.13% (Sep 2025)	1.24 L	-0.10 L	Other	30.05
Canara Bank	Public sector bank	4.25	726.1	1.20%	-0.53%	1.73% (Sep 2025)	0% (Nov 2024)	53.00 L	-0.27 Cr	Other	30.05
Mahanagar Gas Ltd.	Lpg/cng/png/lng supplier	1.19	722.7	1.19%	-0.09%	1.58% (Mar 2025)	0% (Nov 2024)	5.66 L	0.00	Small Cap	13.33
Bharat Electronics Ltd.	Aerospace & defense	2.07	722.2	1.19%	-0.01%	1.2% (Sep 2025)	0% (Nov 2024)	16.95 L	0.00	Mid Cap	21.94
Amara Raja Batteries Limited	Auto components & equipments	2.26	718.4	1.19%	-0.05%	1.27% (May 2025)	1% (Mar 2025)	7.15 L	0.00	Mid Cap	21.94
HDFC Bank Ltd.	Private sector bank	11.77	691.1	1.14%	-0.82%	8.06% (Feb 2025)	1.14% (Oct 2025)	7.00 L	-4.80 L	Other	30.05
Oracle Financial Services Software Limited	Software products	1.12	681.2	1.12%	-0.06%	1.37% (Apr 2025)	0% (Nov 2024)	80.00 k	0.00	Mid Cap	21.94
Blue Star Ltd.	Household appliances	1.85	652.9	1.08%	-0.03%	1.11% (Sep 2025)	0% (Nov 2024)	3.37 L	0.00	Small Cap	13.33
Belrise Industries Ltd.	Auto components & equipments	2.26	647.5	1.07%	-0.11%	1.32% (Aug 2025)	0% (Nov 2024)	43.00 L	0.00	Other	30.05
- Samhi Hotels Ltd.	Hotels & resorts	1.96	621	1.03%	0.00%	1.03% (Oct 2025)	0.46% (Mar 2025)	30.07 L	0.00	Other	30.05
ICICI Lombard General Insurance Co Ltd.	General insurance	1	608.1	1.00%	-0.01%	1.12% (Apr 2025)	0.88% (Dec 2024)	3.05 L	0.00	Large Cap	32.72
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	1	606.1	1.00%	0.03%	2.43% (Apr 2025)	0.57% (Aug 2025)	2.95 L	0.00	Large Cap	32.72
Neuland Laboratories Ltd.	Pharmaceuticals	9.81	593	0.98%	0.06%	0.98% (Oct 2025)	0% (Nov 2024)	36.00 k	0.00	Small Cap	13.33
LTIMindtree Ltd.	Computers - software & consulting	4.54	591.2	0.98%	-0.23%	1.49% (Nov 2024)	0.98% (Oct 2025)	1.04 L	-0.30 L	Mid Cap	21.94
Cholamandalam Financial Holdings Ltd.	Investment company	0.95	573	0.95%	-0.04%	1.13% (Jun 2025)	0.83% (Dec 2024)	3.00 L	0.00	Small Cap	13.33
ITC Hotels Ltd	Hotels & resorts	1.96	563.9	0.93%	-0.10%	1.1% (Aug 2025)	0% (Nov 2024)	26.00 L	0.00	Other	30.05
Sri Lotus Developers And Realty Ltd.	Residential, commercial projects	3.19	555.8	0.92%	-0.09%	1.01% (Sep 2025)	0% (Nov 2024)	30.50 L	0.00	Other	30.05
CRISIL Ltd.	Other financial services	0.91	554	0.91%	0.04%	1.42% (Dec 2024)	0.87% (Sep 2025)	1.12 L	0.00	Mid Cap	21.94
Aditya Vision Ltd.	Speciality retail	1.57	542.5	0.90%	-0.03%	0.96% (Dec 2024)	0.61% (Jun 2025)	9.45 L	0.00	Other	30.05
Bharat Dynamics Ltd.	Aerospace & defense	2.07	535.5	0.88%	-0.03%	1.3% (May 2025)	0% (Nov 2024)	3.50 L	0.00	Other	30.05
Oswal Pumps Ltd.	Compressors, pumps & diesel engines	0.88	535	0.88%	-0.05%	1.04% (Aug 2025)	0% (Nov 2024)	7.37 L	0.00	Other	30.05
Whirlpool Of India Ltd.	Household appliances	1.85	468.3	0.77%	0.27%	0.77% (Oct 2025)	0% (Nov 2024)	3.35 L	92.68 k	Mid Cap	21.94
Infosys Ltd.	Computers - software & consulting	4.54	452.1	0.75%	-0.02%	0.8% (Aug 2025)	0% (Nov 2024)	3.05 L	0.00	Large Cap	32.72
Gokaldas Exports Ltd.	Garments & apparels	0.74	449.4	0.74%	0.25%	0.85% (Dec 2024)	0.46% (Aug 2025)	5.36 L	1.50 L	Small Cap	13.33
Bajaj Finance Ltd.	Non banking financial company (nbfc)	3.39	443.2	0.73%	-0.01%	4.12% (Mar 2025)	0.73% (Oct 2025)	4.25 L	0.00	Other	30.05
Doms Industries Ltd.	Stationary	0.72	437.3	0.72%	-0.02%	0.93% (Mar 2025)	0% (Nov 2024)	1.70 L	0.00	Other	30.05
J.K. Cement Ltd.	Cement & cement products	3.17	426.2	0.70%	-0.22%	1.43% (Aug 2025)	0% (Nov 2024)	68.59 k	-0.15 L	Small Cap	13.33
Nippon Life India Asset Management Ltd.	Asset management company	2.05	424.3	0.70%	-0.04%	0.74% (Sep 2025)	0% (Nov 2024)	4.85 L	0.00	Mid Cap	21.94
Arvind Fashions Ltd.	Speciality retail	1.57	407.6	0.67%	-0.08%	0.96% (Nov 2024)	0.63% (Mar 2025)	8.11 L	0.00	Other	30.05
Aarti Industries Ltd.	Specialty chemicals	0.67	406.6	0.67%	-0.03%	0.93% (May 2025)	0% (Nov 2024)	10.70 L	0.00	Mid Cap	21.94
# Indian Bank	Public sector bank	4.25	386.4	0.64%	0.64%	0.64% (Oct 2025)	0% (Nov 2024)	4.50 L	4.50 L	Mid Cap	21.94
ICICI Prudential Life Insurance Co Ltd.	Life insurance	0.59	354.7	0.59%	-0.24%	0.98% (May 2025)	0% (Nov 2024)	6.00 L	-2.00 L	Large Cap	32.72
Stylam Industries Ltd.	Plywood boards/ laminates	0.58	349.7	0.58%	0.09%	0.69% (Dec 2024)	0% (Nov 2024)	1.70 L	0.00	Other	30.05
Safari Industries (India) Ltd.	Plastic products - consumer	0.55	332.2	0.55%	-0.05%	0.86% (Nov 2024)	0.55% (Oct 2025)	1.56 L	0.00	Small Cap	13.33
Great Eastern Shipping Co. Ltd.	Shipping	0.49	297.4	0.49%	-0.07%	0.9% (Nov 2024)	0.49% (Oct 2025)	2.70 L	-0.53 L	Small Cap	13.33
Thejo Engineering Ltd.	Industrial equipment	0.48	292.4	0.48%	-0.03%	0.66% (Jul 2025)	0.48% (Oct 2025)	1.63 L	1.50 k	Small Cap	13.33
Nitin Spinners Ltd.	Other textile products	0.43	259.8	0.43%	-0.02%	0.64% (Dec 2024)	0.43% (Oct 2025)	7.82 L	0.00	Small Cap	13.33
Navin Flourine International Ltd.	Commodity chemicals	0.41	250.3	0.41%	0.05%	0.41% (Oct 2025)	0% (Nov 2024)	44.00 k	0.00	Small Cap	13.33
Vishal Mega Mart Ltd.	Diversified retail	0.41	246	0.41%	-0.03%	0.45% (Aug 2025)	0% (Nov 2024)	17.00 L	0.00	Other	30.05
Voltamp Transformers Ltd.	Heavy electrical equipment	0.41	245.8	0.41%	-0.01%	0.75% (Nov 2024)	0.41% (Oct 2025)	33.20 k	0.00	Small Cap	13.33
Mankind Pharma Ltd.	Pharmaceuticals	9.81	147.8	0.24%	-0.02%	0.28% (Jul 2025)	0% (Nov 2024)	62.00 k	0.00	Other	30.05
eClerx Services Ltd.	Business process outsourcing (bpo)/ knowledge process outsourcing (kpo)	0.2	122.9	0.20%	0.02%	0.2% (Aug 2025)	0% (Nov 2024)	26.00 k	0.00	Small Cap	13.33
Syngene International Ltd.	Healthcare research, analytics & technology	0.18	110.5	0.18%	-0.01%	0.21% (Jul 2025)	0% (Nov 2024)	1.70 L	0.00	Mid Cap	21.94
Cesc Ltd.	Integrated power utilities		472.1	0.00%	-0.83%	-	-	-	-	Other	30.05

- indicates change in weight in the portfolio. # indicates a new entry.

New Stocks added in Portfolio (in 1 month period ending 31st Oct,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
# Federal Bank Ltd.	Private sector bank	1277.7	2.11%	2.11%	2.11% (Oct 2025)	0% (Nov 2024)	54.00 L	5400000
# Indian Bank	Public sector bank	386.4	0.64%	0.64%	0.64% (Oct 2025)	0% (Nov 2024)	4.50 L	450000

Stocks removed from Portfolio (in 1 month period ending 31st Oct,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
Cesc Ltd.	Integrated power utilities	472.1	0.00%	-0.83%	0.91% (Apr 2025)	0% (Nov 2024)	0.00	-2915000

Trend in stock holdings (Top 15 Holding)

Stock	Oct 2025	Sep 2025	Aug 2025	Jul 2025	Jun 2025	May 2025	Apr 2025	Mar 2025	Feb 2025	Jan 2025	Dec 2024	Nov 2024	Oct 2024
HDFC Bank Ltd.	1.14%	1.96%	3.01%	3.14%	3.56%	4.33%	4.55%	5.69%	8.06%	7.72%	7.01%	6.49%	5.77%
Divis Laboratories Ltd.	3.17%	3.03%	3.33%	3.51%	3.39%	3.51%	3.43%	3.51%	3.66%	3.49%	3.61%	2.97%	2.46%
Reliance Industries Ltd.	2.03%	2.44%	2.47%	2.49%	2.90%	2.93%	3.08%	3.88%	4.01%	4.43%	4.04%	3.59%	3.80%
Glenmark Pharmaceuticals Ltd.	3.09%	3.38%	3.20%	3.48%	2.57%	-	-	-	-	-	-	-	-
Indus Towers Ltd.	2.70%	2.69%	2.70%	2.85%	3.28%	3.19%	3.60%	3.05%	3.24%	2.37%	-	-	-
Ultratech Cement Ltd.	2.47%	2.67%	2.81%	2.67%	2.34%	2.31%	2.55%	2.55%	2.46%	-	-	-	-
Trent Limited	-	-	-	-	2.49%	2.40%	2.34%	2.44%	2.44%	2.71%	2.67%	2.38%	2.51%
ICICI Bank Ltd.	3.12%	3.31%	3.49%	3.63%	1.71%	1.83%	1.91%	1.89%	2.44%	2.37%	2.30%	1.81%	-
Laurus Labs Ltd.	2.33%	2.95%	3.05%	3.42%	2.65%	2.12%	2.23%	2.20%	1.97%	1.88%	1.62%	-	-
Hindustan Unilever Ltd.	-	-	-	-	-	-	-	1.67%	1.77%	2.62%	2.34%	2.59%	2.69%
BSE Ltd.	-	-	-	-	1.67%	1.72%	1.56%	2.01%	2.95%	3.17%	2.44%	2.21%	2.16%
Garden Reach Shipbuilders and Engineers Ltd.	-	-	-	-	-	2.14%	-	-	-	-	-	-	-
Bajaj Finance Ltd.	0.73%	0.74%	0.90%	0.88%	2.03%	2.12%	3.78%	4.12%	3.97%	3.14%	1.72%	1.71%	1.83%
InterGlobe Aviation Ltd.	1.33%	1.40%	1.44%	1.48%	1.48%	1.90%	2.96%	3.01%	2.67%	2.29%	2.29%	2.27%	2.16%
HCL Technologies Limited	-	-	-	-	-	-	-	-	-	-	1.98%	1.97%	1.93%