Mahindra Manulife Small 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 : Small Cap Fund

Fund House : Mahindra Manulife Mutual Fund

Portfolio Turnover Ratio : 116.00%. Category average turnover ratio is 77.03%. Fund manager updated portfolio more frequently than peers in last 1 year. (I.e. fund manager held stocks/bonds in the portfolio for shorter duration than peers)

Equity Holding : 95.31% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 95.31%

No of Stocks : 69 (Category Avg - 89.00) | Large Cap Investments : 2.94%| Mid Cap Investments : 15.07% | Small Cap Investments : 50.69% | Other : 26.61%

Portfolio Summary (as on 31st Oct,2025)

Particulars	This Scheme	Category
No. of Stocks	69	88.77
Top 5 Stock Weight	13.83%	14.78%
Top 10 Stock Weight	24.79%	25.54%
Top 3 Sector Weight	21.52%	19.67%

Category - Small Cap Fund

Particulars	This Scheme	Category
Average mcap (Cr)	5440.31	9999.98
Holdings in large cap stocks	2.94%	3.07%
Holdings in mid cap stocks	15.07%	9.41%
Holdings in small cap stocks	50.69%	45.12%

Category - Small 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
APL Apollo Tubes Ltd.	Iron & steel products	1528.8	3.55%	0.21%	3.55% (Oct 2025)	0% (Nov 2024)	8.53 L	48.64 k
Multi Commodity Exchange Of India Ltd.	Exchange and data platform	1247.9	2.90%	0.31%	2.9% (Oct 2025)	0% (Nov 2024)	1.35 L	0.00
eClerx Services Ltd.	Business process outsourcing (bpo)/ knowledge process outsourcing (kpo)	1078	2.50%	0.25%	2.67% (Aug 2025)	0.8% (Nov 2024)	2.28 L	0.00
Neuland Laboratories Ltd.	Pharmaceuticals	1063.9	2.47%	0.57%	2.47% (Oct 2025)	0% (Nov 2024)	64.58 k	11.72 k
Oswal Pumps Ltd.	Compressors, pumps & diesel engines	1039.7	2.41%	-0.13%	2.85% (Aug 2025)	0% (Nov 2024)	14.32 L	0.00
IIFL Finance Ltd.	Non banking financial company (nbfc)	1009.3	2.34%	0.24%	2.34% (Oct 2025)	0% (Nov 2024)	18.88 L	0.00
The Ramco Cements Ltd.	Cement & cement products	948.6	2.20%	0.05%	2.2% (Oct 2025)	0% (Nov 2024)	9.08 L	22.24 k
Radico Khaitan Ltd.	Breweries & distilleries	933.8	2.17%	0.05%	2.17% (Oct 2025)	0% (Nov 2024)	2.98 L	0.00
Godfrey Phillips India Ltd.	Cigarettes & tobacco products	921.2	2.14%	-0.35%	2.76% (Aug 2025)	0% (Nov 2024)	2.99 L	0.00
Divis Laboratories Ltd.	Pharmaceuticals	909.6	2.11%	1.06%	2.11% (Oct 2025)	0% (Nov 2024)	1.35 L	60.00 k

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

View complete holding

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

None
Sector
M-Cap

Help me understand this table

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
APL Apollo Tubes Ltd.	Iron & steel products	7.25	1528.8	3.55%	0.21%	3.55% (Oct 2025)	0% (Nov 2024)	8.53 L	48.64 k	Other	26.61
Multi Commodity Exchange Of India Ltd.	Exchange and data platform	2.9	1247.9	2.90%	0.31%	2.9% (Oct 2025)	0% (Nov 2024)	1.35 L	0.00	Small Cap	50.69
eClerx Services Ltd.	Business process outsourcing (bpo)/ knowledge process outsourcing (kpo)	2.5	1078	2.50%	0.25%	2.67% (Aug 2025)	0.8% (Nov 2024)	2.28 L	0.00	Small Cap	50.69
Neuland Laboratories Ltd.	Pharmaceuticals	9.51	1063.9	2.47%	0.57%	2.47% (Oct 2025)	0% (Nov 2024)	64.58 k	11.72 k	Small Cap	50.69
Oswal Pumps Ltd.	Compressors, pumps & diesel engines	4.41	1039.7	2.41%	-0.13%	2.85% (Aug 2025)	0% (Nov 2024)	14.32 L	0.00	Other	26.61
IIFL Finance Ltd.	Non banking financial company (nbfc)	2.34	1009.3	2.34%	0.24%	2.34% (Oct 2025)	0% (Nov 2024)	18.88 L	0.00	Small Cap	50.69
The Ramco Cements Ltd.	Cement & cement products	2.2	948.6	2.20%	0.05%	2.2% (Oct 2025)	0% (Nov 2024)	9.08 L	22.24 k	Mid Cap	15.07
Radico Khaitan Ltd.	Breweries & distilleries	4.76	933.8	2.17%	0.05%	2.17% (Oct 2025)	0% (Nov 2024)	2.98 L	0.00	Small Cap	50.69
Godfrey Phillips India Ltd.	Cigarettes & tobacco products	2.14	921.2	2.14%	-0.35%	2.76% (Aug 2025)	0% (Nov 2024)	2.99 L	0.00	Small Cap	50.69
Divis Laboratories Ltd.	Pharmaceuticals	9.51	909.6	2.11%	1.06%	2.11% (Oct 2025)	0% (Nov 2024)	1.35 L	60.00 k	Large Cap	2.94
Glenmark Pharmaceuticals Ltd.	Pharmaceuticals	9.51	894.5	2.08%	0.11%	2.08% (Oct 2025)	0% (Nov 2024)	4.73 L	63.00 k	Mid Cap	15.07
Motilal Oswal Financial Services Ltd.	Stockbroking & allied	2.31	884.9	2.05%	0.06%	2.05% (Oct 2025)	0% (Nov 2024)	9.05 L	0.00	Small Cap	50.69
Usha Martin Ltd.	Iron & steel products	7.25	839.6	1.95%	0.08%	1.95% (Oct 2025)	0% (Nov 2024)	18.06 L	1.47 L	Small Cap	50.69
Central Depository Services (India) Ltd.	Depositories, clearing houses and other intermediaries	1.93	830.1	1.93%	0.05%	2.31% (Jun 2025)	0% (Nov 2024)	5.23 L	0.00	Small Cap	50.69
Firstsource Solutions Ltd.	It enabled services	2.84	806.6	1.87%	0.03%	2.76% (Feb 2025)	1.84% (Sep 2025)	22.79 L	0.00	Small Cap	50.69
Aditya Birla Real Estate Ltd.	Paper & paper products	1.82	785.4	1.82%	0.08%	3.01% (Dec 2024)	1.74% (Sep 2025)	4.19 L	0.00	Mid Cap	15.07
Arvind Ltd.	Garments & apparels	2.97	773.6	1.80%	-0.01%	2.25% (Feb 2025)	1.46% (Nov 2024)	24.27 L	0.00	Small Cap	50.69
Supreme Petrochem Ltd.	Petrochemicals	1.78	764.7	1.78%	-0.31%	2.09% (Sep 2025)	0% (Nov 2024)	10.19 L	0.00	Other	26.61
Welspun Corp Ltd.	Iron & steel products	7.25	754.3	1.75%	0.10%	1.79% (Jul 2025)	0% (Nov 2024)	7.81 L	0.00	Small Cap	50.69
CreditAccess Grameen Ltd.	Microfinance institutions	1.7	732.7	1.70%	0.01%	1.7% (Oct 2025)	0% (Nov 2024)	5.15 L	5.66 k	Small Cap	50.69
J S W Energy Ltd.	Power generation	2.73	721.1	1.67%	-0.12%	1.79% (Sep 2025)	0% (Nov 2024)	13.67 L	0.00	Mid Cap	15.07
PNB Housing Finance Ltd.	Housing finance company	2.71	711.5	1.65%	0.02%	2.21% (Mar 2025)	1.44% (Nov 2024)	7.66 L	0.00	Mid Cap	15.07
Arvind Fashions Ltd.	Speciality retail	1.59	687	1.59%	-0.18%	1.88% (Jul 2025)	1.2% (Dec 2024)	13.66 L	0.00	Other	26.61
KFIN Technologies Ltd.	Financial technology (fintech)	1.54	663.5	1.54%	0.03%	1.54% (Oct 2025)	0% (Nov 2024)	6.04 L	19.20 k	Other	26.61
Stove Kraft Ltd.	Household appliances	2.85	630.5	1.46%	0.30%	1.46% (Oct 2025)	0% (Nov 2024)	8.00 L	1.06 L	Other	26.61
Zensar Technologies Ltd.	Computers - software & consulting	1.43	614.1	1.43%	-0.02%	1.6% (Jun 2025)	0% (Nov 2024)	7.70 L	0.00	Small Cap	50.69
P N Gadgil Jewellers Ltd.	Gems, jewellery and watches	1.41	606.7	1.41%	0.02%	1.51% (Feb 2025)	0% (Nov 2024)	9.37 L	0.00	Other	26.61
Shriram Pistons & Rings Ltd.	Auto ancillaries	1.4	604.5	1.40%	-0.13%	1.53% (Sep 2025)	0% (Nov 2024)	2.31 L	100.00	Small Cap	50.69
HSIL Ltd.	Packaging	1.4	602.1	1.40%	-0.13%	1.74% (Jul 2025)	0% (Nov 2024)	7.35 L	0.00	Small Cap	50.69
Whirlpool Of India Ltd.	Household appliances	2.85	597.6	1.39%	-0.24%	1.96% (Apr 2025)	0% (Nov 2024)	4.27 L	-1.30 L	Mid Cap	15.07
Deepak Fertilisers & Petrochemicals Corp. Ltd.	Commodity chemicals	1.39	596.6	1.39%	-0.09%	1.68% (Jun 2025)	1.21% (Feb 2025)	4.00 L	0.00	Small Cap	50.69
Globus Spirits Ltd.	Breweries & distilleries	4.76	587.2	1.36%	0.05%	1.36% (Oct 2025)	0% (Nov 2024)	5.08 L	0.00	Small Cap	50.69
Voltamp Transformers Ltd.	Heavy electrical equipment	2.38	581.9	1.35%	-0.05%	1.84% (Jun 2025)	0.97% (Nov 2024)	78.60 k	0.00	Small Cap	50.69
Kirloskar Brothers Ltd.	Compressors, pumps & diesel engines	4.41	554.1	1.29%	-0.11%	2.03% (Jun 2025)	1.29% (Oct 2025)	2.96 L	0.00	Small Cap	50.69
Canara Bank	Public sector bank	1.26	541.1	1.26%	-0.25%	1.83% (Jun 2025)	0% (Nov 2024)	39.50 L	-0.10 Cr	Other	26.61
WABCO India Ltd.	Auto components & equipments	3.64	529.9	1.23%	-0.12%	1.51% (Aug 2025)	0% (Nov 2024)	42.65 k	0.00	Mid Cap	15.07
Tilaknagar Industries Ltd.	Breweries & distilleries	4.76	527.8	1.23%	0.13%	1.23% (Oct 2025)	0% (Nov 2024)	9.99 L	0.00	Small Cap	50.69
Belrise Industries Ltd.	Auto components & equipments	3.64	523.8	1.22%	-0.13%	2.58% (Jul 2025)	0% (Nov 2024)	34.79 L	0.00	Other	26.61
Tega Industries Ltd.	Industrial products	2.27	519	1.20%	-0.05%	1.86% (May 2025)	1.2% (Nov 2024)	2.68 L	0.00	Other	26.61
Asahi India Glass Ltd.	Auto components & equipments	3.64	513.6	1.19%	0.02%	1.19% (Oct 2025)	0.63% (Nov 2024)	5.57 L	0.00	Small Cap	50.69
Gokaldas Exports Ltd.	Garments & apparels	2.97	503.6	1.17%	0.32%	1.17% (Oct 2025)	0% (Nov 2024)	6.01 L	1.20 L	Small Cap	50.69
Karur Vysya Bank Ltd	Private sector bank	1.79	494.7	1.15%	0.09%	1.15% (Oct 2025)	0% (Nov 2024)	20.34 L	0.00	Small Cap	50.69
GlaxoSmithKline Pharmaceuticals Ltd.	Pharmaceuticals	9.51	479	1.11%	-0.09%	1.49% (May 2025)	0% (Nov 2024)	1.83 L	0.00	Mid Cap	15.07
- Mrs.Bectors Food Specialities Ltd.	Packaged foods	1.09	470.3	1.09%	0.00%	1.49% (Dec 2024)	1.09% (Sep 2025)	3.51 L	0.00	Other	26.61
NHPC Ltd.	Power generation	2.73	456.5	1.06%	-0.08%	1.14% (Sep 2025)	0% (Nov 2024)	53.81 L	0.00	Mid Cap	15.07
Ujjivan Small Finance Bank Ltd.	Other bank	1.06	455.1	1.06%	0.25%	1.06% (Oct 2025)	0% (Nov 2024)	87.79 L	16.82 L	Other	26.61
Aadhar Housing Finance Ltd.	Housing finance company	2.71	454.8	1.06%	-0.06%	1.33% (Dec 2024)	0% (Nov 2024)	8.92 L	0.00	Other	26.61
Triveni Turbine Ltd.	Heavy electrical equipment	2.38	445.5	1.03%	-0.03%	1.31% (Dec 2024)	0.99% (Apr 2025)	8.32 L	0.00	Small Cap	50.69
Laurus Labs Ltd.	Pharmaceuticals	9.51	431.6	1.00%	-0.97%	2.05% (Aug 2025)	0% (Nov 2024)	4.53 L	-5.00 L	Other	26.61
# Sagility India Ltd.	It enabled services	2.84	417.5	0.97%	0.97%	0.97% (Oct 2025)	0% (Nov 2024)	79.46 L	79.46 L	Other	26.61
Kilburn Engineering Ltd.	Industrial products	2.27	414.6	0.96%	-0.13%	1.09% (Sep 2025)	0% (Nov 2024)	7.50 L	0.00	Small Cap	50.69
Sun TV Network Ltd.	Tv broadcasting & software production	0.86	369	0.86%	0.01%	1.14% (Apr 2025)	0% (Nov 2024)	6.57 L	0.00	Mid Cap	15.07
Sobha Ltd.	Residential, commercial projects	0.84	361.4	0.84%	-0.65%	1.55% (Jul 2025)	0.84% (Oct 2025)	2.23 L	-1.70 L	Small Cap	50.69
Doms Industries Ltd.	Stationary	0.83	357.3	0.83%	-0.02%	2.18% (Mar 2025)	0% (Nov 2024)	1.39 L	0.00	Other	26.61
Bajaj Auto Ltd.	2/3 wheelers	0.83	355.7	0.83%	-0.02%	2.91% (May 2025)	0% (Nov 2024)	40.00 k	0.00	Large Cap	2.94
Engineers India Ltd.	Civil construction	0.8	343.7	0.80%	-0.01%	0.81% (Sep 2025)	0% (Nov 2024)	17.00 L	0.00	Small Cap	50.69
KEI Industries Ltd.	Cables - electricals	0.8	342.7	0.80%	-0.05%	0.85% (Sep 2025)	0% (Nov 2024)	85.00 k	0.00	Small Cap	50.69
Cesc Ltd.	Integrated power utilities	0.79	339.4	0.79%	0.04%	2.57% (Apr 2025)	0.21% (Jun 2025)	18.86 L	0.00	Other	26.61
Nitin Spinners Ltd.	Other textile products	0.77	331.5	0.77%	-0.03%	1.16% (Jan 2025)	0.77% (Oct 2025)	9.98 L	0.00	Small Cap	50.69
Taj GVK Hotels & Resorts Ltd.	Hotels & resorts	0.74	320.8	0.74%	-0.04%	0.97% (May 2025)	0% (Nov 2024)	7.64 L	0.00	Small Cap	50.69
Ipca Laboratories Ltd.	Pharmaceuticals	9.51	317.8	0.74%	-0.08%	1.08% (Mar 2025)	0% (Nov 2024)	2.50 L	0.00	Other	26.61
Adani Wilmar Ltd.	Edible oil	0.73	314.5	0.73%	-0.01%	1.29% (Feb 2025)	0% (Nov 2024)	11.44 L	0.00	Other	26.61
Kajaria Ceramics Ltd.	Ceramics	0.72	308	0.72%	0.15%	0.8% (Dec 2024)	0% (Nov 2024)	2.55 L	55.06 k	Small Cap	50.69
Swaraj Engines Ltd.	Compressors, pumps & diesel engines	4.41	306.7	0.71%	-0.05%	0.76% (Jul 2025)	0% (Nov 2024)	76.66 k	1.54 k	Small Cap	50.69
# Sapphire Foods India Ltd.	Restaurants	0.66	286.1	0.66%	0.66%	0.66% (Oct 2025)	0% (Nov 2024)	10.00 L	10.00 L	Other	26.61
DCB Bank Ltd.	Private sector bank	1.79	275.8	0.64%	-0.39%	1.18% (Jun 2025)	0% (Nov 2024)	17.46 L	-0.16 Cr	Small Cap	50.69
EID-Parry (India) Ltd.	Other agricultural products	0.64	275	0.64%	-0.01%	0.78% (Jul 2025)	0% (Nov 2024)	2.56 L	0.00	Small Cap	50.69
Angel One Ltd.	Stockbroking & allied	2.31	114	0.26%	0.02%	0.99% (May 2025)	0% (Nov 2024)	45.73 k	0.00	Other	26.61
Lakshmi Machine Works Ltd.	Industrial products	2.27	46.5	0.11%	0.01%	1.07% (Dec 2024)	0.1% (Aug 2025)	2.96 k	0.00	Small Cap	50.69
RBL Bank Ltd.	Private sector bank	1.79	831.8	0.00%	-2.05%	-	-	-	-	Mid Cap	15.07

- 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
# Sagility India Ltd.	It enabled services	417.5	0.97%	0.97%	0.97% (Oct 2025)	0% (Nov 2024)	79.46 L	7946032
# Sapphire Foods India Ltd.	Restaurants	286.1	0.66%	0.66%	0.66% (Oct 2025)	0% (Nov 2024)	10.00 L	1000000

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
RBL Bank Ltd.	Private sector bank	831.8	0.00%	-2.05%	2.44% (Jul 2025)	0% (Nov 2024)	0.00	-3000000

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
Aditya Birla Real Estate Ltd.	1.82%	1.74%	1.84%	1.95%	2.51%	2.37%	2.25%	2.42%	2.54%	2.82%	3.01%	-	-
Century Textile & Industries Ltd.	-	-	-	-	-	-	-	-	-	-	-	2.99%	3.24%
Reliance Industries Ltd.	-	-	-	-	-	-	-	-	-	3.57%	3.14%	3.03%	2.14%
APL Apollo Tubes Ltd.	3.55%	3.34%	2.99%	2.93%	3.18%	3.50%	3.37%	3.19%	2.73%	2.16%	1.41%	-	-
Oswal Pumps Ltd.	2.41%	2.54%	2.85%	2.63%	1.73%	-	-	-	-	-	-	-	-
GAIL (India) Ltd.	-	-	-	-	-	-	-	-	-	-	-	2.34%	2.30%
RBL Bank Ltd.	-	2.05%	2.43%	2.44%	2.26%	2.05%	-	-	-	-	-	-	-
Bajaj Finance Ltd.	-	-	-	-	-	-	0.44%	3.00%	3.13%	2.36%	-	-	-
Firstsource Solutions Ltd.	1.87%	1.84%	2.01%	1.92%	2.10%	2.20%	2.18%	2.24%	2.76%	2.38%	2.45%	2.28%	2.41%
Piramal Pharma Ltd.	-	-	-	-	-	0.27%	2.16%	2.43%	2.25%	2.46%	2.58%	2.36%	2.42%
Indus Towers Ltd.	-	-	-	-	-	-	-	-	2.32%	2.22%	2.00%	1.85%	1.48%
Anant Raj Industries Ltd.	-	-	-	-	-	-	-	0.50%	1.06%	1.22%	3.14%	2.87%	3.04%
Godfrey Phillips India Ltd.	2.14%	2.49%	2.76%	2.24%	2.09%	1.81%	1.45%	0.67%	-	-	-	-	-
The Ramco Cements Ltd.	2.20%	2.15%	1.74%	1.92%	2.18%	1.71%	1.78%	-	-	-	-	-	-
Bajaj Auto Ltd.	0.83%	0.85%	1.73%	2.57%	2.68%	2.91%	-	-	-	-	-	-	-