NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹27.00
0.65%
NAV as on 21 Jul 26, 12:00 AM
very high risk
mid cap
equity
NAV as on 21 Jul 26, 12:00 AM
very high risk
mid cap
equity
8.86%p.a.
Last 1Y
21.17%p.a.
Last 3Y
18.03%p.a.
Last 5Y
16.60%p.a.
Since Inception
About Mahindra Manulife Mid Cap Fund -IDCW for NRIs
NRIs can achieve long-term capital appreciation by investing in the Mahindra Manulife Mid Cap Fund -IDCW scheme from Mahindra Manulife Investment Management Private Limited. It is a Mid-Cap mutual fund scheme that predominantly invests in Mid-Cap stocks of companies. Launched on Jan 2018, Mahindra Manulife Mid Cap Fund -IDCW is Mid-Cap fund of its category with 5,075.66 Cr fund under management as on Jul 2026. The expense ratio of this fund is less than that of most other Fund category Mid-Cap funds.
- Mahindra Manulife Mid Cap Fund -IDCW delivered 8.9% annual returns during the last year. It has delivered 16.6% average annual returns since the fund was launched.
- Mahindra Manulife Mid Cap Fund -IDCW scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in equity
Fund Objective
The investment objective of the Scheme is to seek 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. However, there can be no assurance that the investment objective of the Scheme will be achieved.
Top 10 Holdings
HEXAWARE TECHNOLOGIES LIMITED EQ NEW FV RS.2/-
1.26%
Repo
1.23%
Net Receivables
0.61%
ITC Hotels Ltd
1.02%
Belrise Industries Ltd.
1.17%
Abbott India Ltd
0.99%
AIA Engineering Ltd
2.59%
Astral Ltd
1.60%
Atul Ltd
0.50%
Aurobindo Pharma Ltd
1.49%
Fund Managers
- Krishna Sanghavi (Oct 2024 - Present)
- Kirti Dalvi (Dec 2024 - Present)
- Manish Lodha (Dec 2020 - Present)
- Neelesh Dhamnaskar (Feb 2026 - Present)
Key Information
View Scheme Document
Mahindra Manulife Mid Cap Fund -IDCW SIP Calculator
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NRI Mutual Fund Tax on Mahindra Manulife Mid Cap Fund -IDCW
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in Mahindra Manulife Mid Cap Fund -IDCW?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
- Passport – front and back
- Passport size photograph
- signature
If all details are correct, your KYC will be approved within 7 to 8 business days.
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in Mahindra Manulife Mid Cap Fund -IDCW
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the latest 3 months
- Nominee details
Frequently Asked Questions
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