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.
The scheme seeks to achieve long term capital appreciation by investing in quality mid-cap companies having long-term competitive advantages and potential for growth.
18.2% of the combined portfolio weight is common between Mahindra Manulife Mid Cap Fund Direct-Growth and Motilal Oswal Midcap Fund Direct-Growth.
9 stocks appear in both portfolios.
The largest shared holding is Coforge Ltd., at 2.21% of Mahindra Manulife Mid Cap Fund Direct-Growth and 6.04% of Motilal Oswal Midcap Fund Direct-Growth.
The two funds hold largely different portfolios, so holding both can genuinely diversify your equity exposure.
Largest common holdings
Coforge Ltd.Kei Industries Ltd.Aditya Birla Capital Ltd.Tube Investments Of India Ltd.L&T Finance Ltd.Shriram Finance LtdPB Fintech Ltd.IDFC First Bank Ltd.
Mahindra Manulife Mid Cap Fund Direct-Growth has delivered the higher 3-year CAGR (22.61% vs 20.38%). Mahindra Manulife Mid Cap Fund Direct-Growth is the cheaper of the two with an expense ratio of 0.75% against 0.94%. Motilal Oswal Midcap Fund Direct-Growth manages the larger corpus at ₹37.47k 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 -0.57% for Motilal Oswal Midcap Fund Direct-Growth; and over 3 years, Mahindra Manulife Mid Cap Fund Direct-Growth leads with a 22.61% CAGR versus 20.38%. 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.
Mahindra Manulife Mid Cap Fund Direct-Growth has the lower expense ratio at 0.75%, compared with 0.94% for Motilal Oswal Midcap Fund Direct-Growth — a difference of 0.19% 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 Mahindra Manulife Mid Cap Fund Direct-Growth and Motilal Oswal Midcap 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 18.2%, which is considered low. At this level the two funds hold largely different portfolios, so holding both can genuinely diversify your equity exposure. 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.
Mahindra Manulife Mid Cap Fund Direct-Growth has a NAV of ₹42.46 and an AUM of ₹5.08k Cr, and was launched on 29 Jan 2018. Motilal Oswal Midcap Fund Direct-Growth has a NAV of ₹117.36 and an AUM of ₹37.47k Cr, launched on 24 Feb 2014. NAV on its own says nothing about how expensive or cheap a fund is — only the return on it matters.
