The scheme aims to generate long term capital appreciation from a portfolio that is substantially constituted of equity and equity related securities of Mid Cap companies.
The scheme seeks to generate long term capital appreciation & provide long-term growth opportunities by investing in a portfolio constituted of equity & equity related securities and derivatives predominantly in mid cap companies.
Fund Manager
Dhruv Bhatia, Trideep Bhattacharya, Mehul Dalmia
Krishna Sanghavi, Neelesh Dhamnaskar, Kirti Dalvi
AMC
Edelweiss Mutual Fund
Mahindra Manulife Mutual Fund
Taxation
Equity
Equity
Launch Date
31 Dec 2012
29 Jan 2018
Portfolio Overlap
37.4%
Moderate overlap
common holdings
37.4% of the combined portfolio weight is common between Edelweiss Mid Cap Direct Plan-Growth and Mahindra Manulife Mid Cap Fund Direct-Growth.
31 stocks appear in both portfolios.
The largest shared holding is The Federal Bank Ltd., at 3.87% of Edelweiss Mid Cap Direct Plan-Growth and 3.32% of Mahindra Manulife Mid Cap Fund Direct-Growth.
The funds share a meaningful part of their portfolios but still differ enough to add some diversification.
Largest common holdings
The Federal Bank Ltd.Marico Ltd.L&T Finance Ltd.Kei Industries Ltd.Fortis Healthcare Ltd.JSW Energy Ltd.IDFC First Bank Ltd.Coforge Ltd.
Edelweiss Mid Cap Direct Plan-Growth has delivered the higher 3-year CAGR (23.76% vs 22.61%). Edelweiss Mid Cap Direct Plan-Growth is the cheaper of the two with an expense ratio of 0.72% against 0.75%. Edelweiss Mid Cap Direct Plan-Growth manages the larger corpus at ₹17.75k Cr. There is no single "better" fund — the right choice depends on your holding period, risk appetite and what you already own. Use the returns, risk and portfolio overlap tables above to judge which fits your portfolio, and remember that past returns do not guarantee future performance.
Over 1 year, Mahindra Manulife Mid Cap Fund Direct-Growth returned 15.49% against 11.36% for Edelweiss Mid Cap Direct Plan-Growth; and over 3 years, Edelweiss Mid Cap Direct Plan-Growth leads with a 23.76% CAGR versus 22.61%. Returns beyond one year are CAGR (annualised). Short-period returns are heavily influenced by market cycles, so compare over at least three to five years before drawing conclusions.
Edelweiss Mid Cap Direct Plan-Growth has the lower expense ratio at 0.72%, compared with 0.75% for Mahindra Manulife Mid Cap Fund Direct-Growth — a difference of 0.03% a year. The expense ratio is deducted from NAV daily, so a lower ratio directly improves your net return, though it should not be the only reason to pick a fund.
Both Edelweiss Mid Cap Direct Plan-Growth and Mahindra Manulife Mid Cap Fund Direct-Growth carry a "Very High" rating on the SEBI Riskometer. Within the same riskometer band, differences still show up in maximum drawdown, volatility and market-cap mix — all of which are compared in the tables above.
The portfolio overlap between the two funds is 37.4%, which is considered moderate. At this level the funds share a meaningful part of their portfolios but still differ enough to add some diversification. You can see the shared stocks in the overlap section above.
Yes — both are Equity: Mid Cap funds, which means they follow similar mandates and are benchmarked against comparable indices. That makes a direct comparison of returns, expense ratio and risk meaningful.
Edelweiss Mid Cap Direct Plan-Growth has a NAV of ₹129.60 and an AUM of ₹17.75k Cr, and was launched on 31 Dec 2012. Mahindra Manulife Mid Cap Fund Direct-Growth has a NAV of ₹42.46 and an AUM of ₹5.08k Cr, launched on 29 Jan 2018. NAV on its own says nothing about how expensive or cheap a fund is — only the return on it matters.
