MF Gyan
multi capHigh risk9 years oldAccelerating recently (last 6m ≈ 35% p.a.)

Mahindra Manulife Multi Cap Fund - Direct Plan - Growth

Legally required to hold at least 25% each in large, mid and small cap. Diversified but with a fixed structure. From Mahindra Manulife Mutual Fund. It's been running since 18 May 2017.

Latest price per unit
₹47.1163
▲ 0.20% today
As of 4 Sep 2026 · updated once each business day

What ₹1 lakh would have become

Based on past returns
Invested 1 year ago
₹1.17 L
▲ ₹16.7k gain · 16.7% / year
Invested 3 years ago
₹1.64 L
▲ ₹64.3k gain · 18.0% / year
Invested 5 years ago
₹2.18 L
▲ ₹1.18 L gain · 16.8% / year

These are calculations from the fund's past prices, not a prediction. Real future returns can and often do differ.

SIP simulator

Play with a monthly investment

Slide the amount and switch the duration. Left column uses real past prices. Right column projects forward using this fund's historical rate — a calculation, not a prediction.

₹5.0k
Looking back · real
You would have invested₹1.80 L
Value today₹2.21 L
Gain / loss+₹41.3k
XIRR (annualised)14.59%
Looking forward · hypothetical
You would invest₹1.80 L
Would become*₹2.27 L
Projected gain*+₹46.9k
*at this fund's historical rate of 14.59% per year. Actual future returns can be different — sometimes very different.
Value Cumulative invested
Reality check. The backward SIP is real math on real past NAVs. The forward projection assumes the fund keeps up its historical rate — which rarely happens exactly. Past performance is not a promise. MF Gyan does not recommend any specific investment.
How it compares to peers

Vs 21 other funds in Equity Schemes - Multi Cap Fund

Same plan
1-year return
16.73%median 7.04% (+9.69%)
Rank #3 of 22Beats 90% of peers
3-year return
17.99%median 14.78% (+3.21%)
Rank #4 of 22Beats 80% of peers
5-year return
16.83%median 12.91% (+3.93%)
Rank #1 of 22Beats 100% of peers
Bumpiness (3Y)
16.75%median 14.96% (+1.79%)
Rank #21 of 22Less risky than 5% of peers
Worst-ever drop
-34.44%median -20.07% (-14.36%)
Rank #6 of 22Less risky than 76% of peers

Descriptive rankings within the same category and plan. Not a recommendation — one fund beating another historically does not mean it will continue to do so.

Year by year

Calendar-year returns. 7 of last 7 years were positive.

+19%
2020
+53%
2021
+2%
2022
+36%
2023
+24%
2024
+4%
2025
+12%
2026
Best year
2021 · 52.87%
Worst year
2022 · 2.35%

Price over time

How the per-unit price has moved. Tap a range to zoom in.

Bumpiness & worst drops

Day-to-day bumpiness
16.7%

The value swings roughly 17% up or down in a typical year. Finance-speak calls this volatility.

Worst drop ever
-34.44%

A lump sum invested at the previous peak would have temporarily lost about this much before recovering. Finance-speak calls this max drawdown.

Similar funds you might want to look at

Same category, same plan, sorted by 3-year return. Not recommendations — just neighbours.

Head-to-head comparisons

Side-by-side comparisons of Mahindra Manulife Multi Cap Fund - Direct Plan - Growth against other multi cap funds.

Technical details (for the pros)
CAGR — 1 year16.73%
CAGR — 3 years17.99%
CAGR — 5 years16.83%
CAGR — since launch18.12%
Volatility — 1 year (annualised)14.93%
Volatility — 3 years (annualised)16.75%
Max drawdown — 1 year-12.24%
Max drawdown — 3 years-20.17%
Sharpe ratio — 1 year (rf=6%)0.66
Sharpe ratio — 3 years (rf=6%)0.65

Fund info

Fund house
Mahindra Manulife Mutual Fund
Category
Equity Schemes - Multi Cap Fund
Plan
Direct
Option
Growth
ISIN (Growth)
INF174V01341
ISIN (Div re-invest)
—
Fund code
141226
First price on record
18 May 2017 · 2,294 daily prices

About Mahindra Manulife Multi Cap Fund - Direct Plan - Growth

Mahindra Manulife Multi Cap Fund - Direct Plan - Growth is a Equity Schemes - Multi Cap Fund offered by Mahindra Manulife Mutual Fund under the Direct plan with the Growth option. It has approximately 9 years of NAV track record. The fund falls in the multi cap category — Legally required to hold at least 25% each in large, mid and small cap. Diversified but with a fixed structure.

The current NAV of Mahindra Manulife Multi Cap Fund - Direct Plan - Growth is ₹47.1163 (as of 4 Sep 2026). Historically, it has delivered 16.72% over the last year, 17.99% CAGR over 3 years, 16.83% CAGR over 5 years. Returns are historical and don't predict future performance.

Over the last three years, the fund's prices have moved with 16.7% annualised volatility — a "high" level of bumpiness; its deepest peak-to-trough fall on record was 34.4%. Being mentally prepared for drawdowns of this size is what separates long-term investors from reactive traders.

Frequently asked

What is the latest NAV of Mahindra Manulife Multi Cap Fund - Direct Plan - Growth?+

The latest NAV of Mahindra Manulife Multi Cap Fund - Direct Plan - Growth is ₹47.1163 as of 4 Sep 2026, up 0.20% from the previous day. NAV is updated once a business day after the market close.

What are the returns of Mahindra Manulife Multi Cap Fund - Direct Plan - Growth?+

Mahindra Manulife Multi Cap Fund - Direct Plan - Growth has delivered 1-year return 16.72%, 3-year CAGR 17.99%, 5-year CAGR 16.83%, since-inception CAGR 18.12%. Returns are historical and don't predict future performance — markets move in cycles.

What category does Mahindra Manulife Multi Cap Fund - Direct Plan - Growth belong to?+

Mahindra Manulife Multi Cap Fund - Direct Plan - Growth is categorised as Equity Schemes - Multi Cap Fund. Legally required to hold at least 25% each in large, mid and small cap. Diversified but with a fixed structure.

How risky is Mahindra Manulife Multi Cap Fund - Direct Plan - Growth?+

Based on its 3-year annualised volatility of 16.7%, Mahindra Manulife Multi Cap Fund - Direct Plan - Growth sits in the "high" risk bucket. Volatility measures how much prices swing — higher means bigger ups and downs along the way.

Is Mahindra Manulife Multi Cap Fund - Direct Plan - Growth a direct plan?+

Mahindra Manulife Multi Cap Fund - Direct Plan - Growth is a Direct plan (no distributor commission — lower expense ratio) with the Growth option (all returns compound within the fund, no interim payouts).

How old is Mahindra Manulife Multi Cap Fund - Direct Plan - Growth?+

Mahindra Manulife Multi Cap Fund - Direct Plan - Growth has NAV history available from 18 May 2017 — approximately 9 years of track record and 2,294 daily NAV observations.

Numbers are computed from stored daily prices from mfapi.in/AMFI. This is descriptive analytics, not investment advice. Past performance is not indicative of future returns.