MF Gyan
mid capHigh risk9 years oldSteady vs its 3-year pace

Mahindra Manulife Mid Cap Fund - Direct Plan - IDCW

Invests in mid-sized companies (ranked 101-250). Faster growing than large cap, but with bigger price swings. From Mahindra Manulife Mutual Fund. It's been running since 6 Feb 2018.

Latest price per unit
₹32.0643
▼ 0.58% 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
₹1.09 L
▲ ₹9.0k gain · 9.0% / year
Invested 3 years ago
₹1.48 L
▲ ₹48.5k gain · 14.1% / year
Invested 5 years ago
₹1.81 L
▲ ₹80.8k gain · 12.6% / 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₹2.02 L
Gain / loss+₹21.9k
XIRR (annualised)7.99%
Looking forward · hypothetical
You would invest₹1.80 L
Would become*₹2.04 L
Projected gain*+₹24.0k
*at this fund's historical rate of 7.99% 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 25 other funds in Equity Schemes - Mid Cap Fund

Same plan
1-year return
9.04%median 13.31% (-4.26%)
Rank #18 of 26Beats 26% of peers
3-year return
14.08%median 18.73% (-4.65%)
Rank #19 of 26Beats 5% of peers
5-year return
12.58%median 17.58% (-5.00%)
Rank #8 of 26Beats 22% of peers
Bumpiness (3Y)
17.55%median 16.63% (+0.92%)
Rank #16 of 26Less risky than 35% of peers
Worst-ever drop
-33.07%median -22.72% (-10.35%)
Rank #10 of 26Less risky than 64% 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. 5 of last 7 years were positive.

+21%
2020
+47%
2021
-5%
2022
+40%
2023
+25%
2024
-2%
2025
+4%
2026
Best year
2021 · 46.87%
Worst year
2022 · -4.98%

Price over time

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

Bumpiness & worst drops

Day-to-day bumpiness
17.5%

The value swings roughly 18% up or down in a typical year. Finance-speak calls this volatility.

Worst drop ever
-33.07%

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 Mid Cap Fund - Direct Plan - IDCW against other mid cap funds.

Technical details (for the pros)
CAGR — 1 year9.04%
CAGR — 3 years14.08%
CAGR — 5 years12.58%
CAGR — since launch15.46%
Volatility — 1 year (annualised)16.83%
Volatility — 3 years (annualised)17.55%
Max drawdown — 1 year-15.53%
Max drawdown — 3 years-22.12%
Sharpe ratio — 1 year (rf=6%)0.17
Sharpe ratio — 3 years (rf=6%)0.43

Fund info

Fund house
Mahindra Manulife Mutual Fund
Category
Equity Schemes - Mid Cap Fund
Plan
Direct
Option
IDCW
ISIN (Growth)
INF174V01523
ISIN (Div re-invest)
INF174V01515
Fund code
142108
First price on record
6 Feb 2018 · 2,114 daily prices

About Mahindra Manulife Mid Cap Fund - Direct Plan - IDCW

Mahindra Manulife Mid Cap Fund - Direct Plan - IDCW is a Equity Schemes - Mid Cap Fund offered by Mahindra Manulife Mutual Fund under the Direct plan with the IDCW option. It has approximately 9 years of NAV track record. The fund falls in the mid cap category — Invests in mid-sized companies (ranked 101-250). Faster growing than large cap, but with bigger price swings.

The current NAV of Mahindra Manulife Mid Cap Fund - Direct Plan - IDCW is ₹32.0643 (as of 4 Sep 2026). Historically, it has delivered 9.04% over the last year, 14.08% CAGR over 3 years, 12.58% 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 17.5% annualised volatility — a "high" level of bumpiness; its deepest peak-to-trough fall on record was 33.1%. 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 Mid Cap Fund - Direct Plan - IDCW?+

The latest NAV of Mahindra Manulife Mid Cap Fund - Direct Plan - IDCW is ₹32.0643 as of 4 Sep 2026, down 0.58% from the previous day. NAV is updated once a business day after the market close.

What are the returns of Mahindra Manulife Mid Cap Fund - Direct Plan - IDCW?+

Mahindra Manulife Mid Cap Fund - Direct Plan - IDCW has delivered 1-year return 9.04%, 3-year CAGR 14.08%, 5-year CAGR 12.58%, since-inception CAGR 15.46%. Returns are historical and don't predict future performance — markets move in cycles.

What category does Mahindra Manulife Mid Cap Fund - Direct Plan - IDCW belong to?+

Mahindra Manulife Mid Cap Fund - Direct Plan - IDCW is categorised as Equity Schemes - Mid Cap Fund. Invests in mid-sized companies (ranked 101-250). Faster growing than large cap, but with bigger price swings.

How risky is Mahindra Manulife Mid Cap Fund - Direct Plan - IDCW?+

Based on its 3-year annualised volatility of 17.5%, Mahindra Manulife Mid Cap Fund - Direct Plan - IDCW sits in the "high" risk bucket. Volatility measures how much prices swing — higher means bigger ups and downs along the way.

Is Mahindra Manulife Mid Cap Fund - Direct Plan - IDCW a direct plan?+

Mahindra Manulife Mid Cap Fund - Direct Plan - IDCW is a Direct plan (no distributor commission — lower expense ratio) with the IDCW option (periodic distributions, taxable at your slab rate).

How old is Mahindra Manulife Mid Cap Fund - Direct Plan - IDCW?+

Mahindra Manulife Mid Cap Fund - Direct Plan - IDCW has NAV history available from 6 Feb 2018 — approximately 9 years of track record and 2,114 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.