Question 1

Which funds are similar to Mahindra Manulife Equity Savings Fund Direct-Growth?

Accepted Answer

Funds similar to Mahindra Manulife Equity Savings Fund Direct-Growth in the Hybrid: Equity Savings category include ICICI Prudential Equity Savings Fund Direct-Growth, Kotak Equity Savings Fund Direct-Growth, and HDFC Equity Savings Direct Plan-Growth. These funds follow a comparable investment mandate and are benchmarked against similar indices. You can compare them in detail — across returns, risk metrics, expense ratio, and portfolio composition — using the fund comparison tool on sharpely.

Question 2

What is the rank of Mahindra Manulife Equity Savings Fund Direct-Growth in its category?

Accepted Answer

On a 3-year return basis Mahindra Manulife Equity Savings Fund Direct-Growth is ranked 5 out of 21 funds in the Hybrid: Equity Savings category as of 16 Jul 2026. On a 5-year return basis it ranks 6 out of 21. Consistently ranking in the top across multiple time periods is a stronger signal of fund quality than a single-period rank.

Question 3

How does Mahindra Manulife Equity Savings Fund Direct-Growth's expense ratio compare to similar funds?

Accepted Answer

Mahindra Manulife Equity Savings Fund Direct-Growth has an expense ratio of 1.21%. The peers ICICI Prudential Equity Savings Fund Direct-Growth has an expense ratio of 1.10% and Kotak Equity Savings Fund Direct-Growth has 1.11%. Over the long term, a higher expense ratio can meaningfully drag on returns, so it is worth evaluating whether the fund's performance justifies the additional cost.

Question 4

How does Mahindra Manulife Equity Savings Fund Direct-Growth's AUM compare to similar funds?

Accepted Answer

Mahindra Manulife Equity Savings Fund Direct-Growth has an AUM of ₹530.48 crore. The peers ICICI Prudential Equity Savings Fund Direct-Growth has an AUM of ₹16,499.9 crore and Kotak Equity Savings Fund Direct-Growth has ₹10,223.5 crore. A large AUM can sometimes limit a fund's ability to take meaningful positions in mid and small-cap stocks, as larger trades can move prices. This is particularly relevant for funds that invest outside large caps.

Question 5

Which fund has the best 3-year returns in the Hybrid: Equity Savings?

Accepted Answer

The top performing fund in the Hybrid: Equity Savings category on a 3-year basis is HSBC Equity Savings Fund Direct-Growth with a CAGR of 13.86% as of 16 Jul 2026. Mahindra Manulife Equity Savings Fund Direct-Growth has delivered 10.42% CAGR over the same period, ranking 5 out of 21 funds. You can view and compare the full category ranking on sharpely.

Question 6

How does Mahindra Manulife Equity Savings Fund Direct-Growth rank in risk-adjusted returns vs peers?

Accepted Answer

On a risk-adjusted basis, Mahindra Manulife Equity Savings Fund Direct-Growth has a Sharpe ratio of 0.82 compared to the Hybrid: Equity Savings average of 0.67 as of 16 Jul 2026. It ranks 3 out of 21 funds in its category on Sharpe ratio.

Period	This Fund	Category Avg	Category Rank
1Y Return	+6.69%	4.82%	4 / 22
3Y Return	+10.42%	9.32%	5 / 21
5Y Return	+9.75%	8.71%	6 / 21
10Y Return	—	9.05%	—

Mahindra Manulife Equity Savings Fund Direct-Growth

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