Mahindra Manulife Aggressive Hybrid Fund vs Mahindra Manulife Large Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Mahindra Manulife Aggressive Hybrid Fund is an Aggressive Hybrid fund and Mahindra Manulife Large Cap Fund is a Large Cap fund. In the 3 years to 30-10-2026, Mahindra Manulife Aggressive Hybrid Fund (Direct) returned 10.6% a year and Mahindra Manulife Large Cap Fund (Direct) returned 9.2% a year. Mahindra Manulife Aggressive Hybrid Fund charges 0.84% a year and Mahindra Manulife Large Cap Fund 1.09% (Direct plans). Their portfolios overlap 42.7%: they hold 30 of the same securities.
Mahindra Manulife Aggressive Hybrid Fund
Aggressive Hybrid
- 3 year return
- 10.6%
- Expense ratio
- 0.84%
- NAV
- ₹28.59
Mahindra Manulife Large Cap Fund
Large Cap
- 3 year return
- 9.2%
- Expense ratio
- 1.09%
- NAV
- ₹24.22
Which is better, Mahindra Manulife Aggressive Hybrid or Mahindra Manulife Large Cap? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Mahindra Manulife Aggressive Hybrid returned more over 5 years: 10.2% a year against 7.6%.
- Mahindra Manulife Aggressive Hybrid returned more over 3 years: 10.6% a year against 9.2%.
- Mahindra Manulife Aggressive Hybrid costs less: 0.84% a year against 1.09% (Direct plans).
- Mahindra Manulife Aggressive Hybrid swung less over 3 years: a standard deviation of 10.6% a year against 12.9%.
- Mahindra Manulife Aggressive Hybrid fell less in its worst fall since 23-07-2019: −25.4% against −35.3%.
- Mahindra Manulife Large Cap holds more in large companies: 85.5% of the fund in large caps against 40.8%.
- Mahindra Manulife Aggressive Hybrid is the larger fund: ₹2,798 Cr against ₹647 Cr.
- Their portfolios overlap 42.7%: 30 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Mahindra Manulife Aggressive Hybrid Fund | Mahindra Manulife Large Cap Fund |
|---|---|---|
| Fund house | Mahindra Manulife Mutual Fund | Mahindra Manulife Mutual Fund |
| Category | Aggressive Hybrid | Large Cap |
| AUM | ₹2,798 Cr (30-09-2026) | ₹647 Cr (30-09-2026) |
| NAV | ₹28.59 (Direct) | ₹24.22 (Direct) |
| Expense ratio (Direct) | 0.84% | 1.09% |
| Expense ratio (Regular) | 2.17% | 2.60% |
| Riskometer | Very High | Very High |
| Benchmark | CRISIL Hybrid 35+65 - Aggressive Index | Nifty 100 TRI |
| Launch date | 19-07-2019 | 15-03-2019 |
| Minimum investment | ₹1,000 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Kirti Dalvi, Vishal Jajoo, Rahul Pal, Amit Garg | $ Mr. Hemang Kapasi, $ Ms. Kirti Dalvii |
| Exit load | Exit load for units more than 10% of the investments, an exit load of 1% if redeemed within 3 months. | An Exit Load of 1% is payable if Units are redeemed / switched-out upto 3 months from the date of allotment, Nil if Units are redeemed / switched-out after 3 months from the date of allotment. |
Mahindra Manulife Aggressive Hybrid vs Mahindra Manulife Large Cap: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Mahindra Manulife Aggressive Hybrid Fund (Direct) | −2.15% | −6.30% | −4.03% | −8.15% | +10.64% | +10.17% | -- |
| Mahindra Manulife Large Cap Fund (Direct) | +1.55% | −5.30% | −2.62% | −8.80% | +9.23% | +7.57% | -- |
| Aggressive Hybrid average | −0.88% | −3.67% | −0.27% | −3.33% | +10.77% | +9.35% | -- |
| Large Cap average | +0.62% | −4.36% | −1.05% | −6.33% | +10.38% | +8.23% | -- |
Category average: the average of the 29 Aggressive Hybrid funds and the 35 Large Cap funds, same plan type.
Mahindra Manulife Aggressive Hybrid vs Mahindra Manulife Large Cap: Year-wise Returns
| Year | Aggressive HybridMahindra Manulife Aggressive Hybrid | Large CapMahindra Manulife Large Cap |
|---|---|---|
| 2026to date | −8.78% | −10.45% |
| 2025 | +9.85% | +11.28% |
| 2024 | +21.67% | +14.73% |
| 2023 | +25.49% | +23.99% |
| 2022 | +6.29% | +3.87% |
| 2021 | +33.09% | +31.99% |
Mahindra Manulife Aggressive Hybrid vs Mahindra Manulife Large Cap: Rolling Returns
Every holding period of both funds, against Nifty 100 TRI, the benchmark of Mahindra Manulife Large Cap Fund
Rolling returns
Every 3-year holding period, 1,050 of them, one for each trading day from 25-07-2022 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Mahindra Manulife Aggressive Hybrid Fund (Direct)
Mahindra Manulife Large Cap Fund (Direct)
Nifty 100 TRI
to
Nov 2022Aug 2020
to
Aug 2023May 2021
to
May 2024Jan 2022
to
Jan 2025Oct 2022
to
Oct 2025Jun 2023
to
Jun 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mahindra Manulife Aggressive Hybrid | 0.0 | 0.0 | 0.1 | 10.7 | 49.4 | 36.6 | 3.2 | 19.3% | 19.4% | 9.9% | 28.3% | 96% |
| Mahindra Manulife Large Cap | 0.0 | 0.0 | 3.7 | 23.3 | 55.2 | 14.0 | 3.7 | 17.0% | 16.7% | 7.0% | 30.9% | 92% |
| Nifty 100 TRI | 0.0 | 0.0 | 4.7 | 38.3 | 44.4 | 9.2 | 3.4 | 15.8% | 15.6% | 7.1% | 31.4% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is Nifty 100 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 23-07-2019. Past returns do not promise future returns.
Mahindra Manulife Aggressive Hybrid vs Mahindra Manulife Large Cap: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 23-07-2019 to 30-10-2026: 88 instalments, ₹8,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Mahindra Manulife Aggressive HybridMahindra Manulife Aggressive Hybrid Fund (Direct) | ₹8,80,000 | ₹14,12,180 | ₹5,32,180 | 12.7% |
| Mahindra Manulife Large CapMahindra Manulife Large Cap Fund (Direct) | ₹8,80,000 | ₹13,10,124 | ₹4,30,124 | 10.7% |
Mahindra Manulife Aggressive HybridMahindra Manulife Aggressive Hybrid Fund (Direct)
Mahindra Manulife Large CapMahindra Manulife Large Cap Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Mahindra Manulife Aggressive Hybrid vs Mahindra Manulife Large Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Mahindra Manulife Aggressive Hybrid Fund (Direct) | Mahindra Manulife Large Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −8.15% | −8.80% |
| Standard deviation | 10.72% | 13.18% |
| Sharpe ratio | -1.25 | -1.07 |
| Sortino ratio | -1.63 | -1.42 |
| Maximum drawdown | −11.3% (30-03-2026) | −14.6% (31-03-2026) |
| Beta | -- | 0.94 |
| Alpha | -- | −1.01% |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Mahindra Manulife Aggressive Hybrid Fund (Direct) | Mahindra Manulife Large Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.64% | +9.23% |
| Standard deviation | 10.64% | 12.91% |
| Sharpe ratio | 0.43 | 0.25 |
| Sortino ratio | 0.59 | 0.34 |
| Maximum drawdown | −12.3% (28-02-2025) | −15.1% (28-02-2025) |
| Beta | -- | 0.93 |
| Alpha | -- | +0.36% |
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Mahindra Manulife Aggressive Hybrid Fund (Direct) | Mahindra Manulife Large Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.17% | +7.57% |
| Standard deviation | 10.69% | 13.40% |
| Sharpe ratio | 0.41 | 0.13 |
| Sortino ratio | 0.56 | 0.18 |
| Maximum drawdown | −13.4% (17-06-2022) | −16.7% (17-06-2022) |
| Beta | -- | 0.95 |
| Alpha | -- | +0.42% |
From daily NAVs, 29-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Mahindra Manulife Aggressive Hybrid Fund (Direct) | Mahindra Manulife Large Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +15.54% | +12.29% |
| Standard deviation | 12.11% | 16.22% |
| Sharpe ratio | 0.86 | 0.44 |
| Sortino ratio | 1.15 | 0.60 |
| Maximum drawdown | −25.4% (23-03-2020) | −35.3% (23-03-2020) |
| Beta | -- | 0.93 |
| Alpha | -- | +1.56% |
From daily NAVs, 23-07-2019 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Mahindra Manulife Aggressive Hybrid Fund (Direct)
Mahindra Manulife Large Cap Fund (Direct)
Nifty 100 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Mahindra Manulife Aggressive Hybrid Fund (Direct) | −25.4% | 20-02-2020 | 23-03-2020 | 28-08-2020 | 5 months | −9.5% |
| Mahindra Manulife Large Cap Fund (Direct) | −35.3% | 24-01-2020 | 23-03-2020 | 09-11-2020 | 8 months | −11.4% |
| Nifty 100 TRI | −37.9% | 17-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −10.1% |
From daily values since 23-07-2019, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Mahindra Manulife Aggressive Hybrid Fund (Direct)
Mahindra Manulife Large Cap Fund (Direct)
Nifty 100 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Mahindra Manulife Aggressive Hybrid Fund (Direct)
Mahindra Manulife Large Cap Fund (Direct)
Nifty 100 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Mahindra Manulife Aggressive Hybrid Fund (Direct)
Mahindra Manulife Large Cap Fund (Direct)
Nifty 100 TRI
Against Nifty 100 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Mahindra Manulife Aggressive Hybrid Fund (Direct) | 87% | 61% | 5.84% |
| Mahindra Manulife Large Cap Fund (Direct) | 97% | 91% | 3.34% |
From month-end values since 23-07-2019. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Mahindra Manulife Aggressive Hybrid vs Mahindra Manulife Large Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Mahindra Manulife Aggressive Hybrid Fund, September 2026; Mahindra Manulife Large Cap Fund, September 2026
Holdings in common
- Overlap
- 42.7%
- Held by both
- 30
- Only in Mahindra Manulife Aggressive Hybrid
- 81
- Only in Mahindra Manulife Large Cap
- 14
| Security | % of Mahindra Manulife Aggressive Hybrid | % of Mahindra Manulife Large Cap |
|---|---|---|
| ICICI Bank Limited | 4.79% | 8.79% |
| HDFC Bank Limited | 4.69% | 8.06% |
| Reliance Industries Limited | 2.32% | 4.97% |
| Bharti Airtel Limited | 2.13% | 4.45% |
| Axis Bank Limited | 1.89% | 3.60% |
| Kotak Mahindra Bank Ltd | 1.85% | 2.57% |
| Bajaj Finserv Limited | 1.79% | 2.60% |
| Eternal Limited | 1.58% | 3.22% |
| Larsen & Toubro Limited | 1.53% | 3.47% |
| Tech Mahindra Limited | 1.50% | 1.98% |
| Adani Energy Solutions Limited | 1.40% | 1.68% |
| IndusInd Bank Limited | 1.36% | 1.66% |
| Adani Enterprises Limited | 1.35% | 1.72% |
| TVS Motor Company Limited | 1.17% | 2.61% |
| Avenue Supermarts Limited | 1.16% | 2.00% |
| Sun Pharmaceutical Industries Limited | 1.12% | 2.13% |
| Mahindra & Mahindra Limited | 1.05% | 2.53% |
| Trent Limited | 1.01% | 1.38% |
| Grasim Industries Limited | 0.96% | 2.04% |
| Divi's Laboratories Limited | 0.95% | 1.88% |
| SRF Limited | 0.88% | 1.26% |
| Titan Company Limited | 0.86% | 1.70% |
| Dr Reddys Laboratories Limited | 0.82% | 0.97% |
| Shriram Finance Limited | 0.73% | 1.43% |
| Tata Power Company Limited | 0.71% | 1.03% |
| InterGlobe Aviation Limited | 0.68% | 1.70% |
| LG Electronics India Ltd | 0.66% | 0.80% |
| Pidilite Industries Limited | 0.64% | 1.43% |
| Britannia Industries Limited | 0.63% | 0.96% |
| Godrej Properties Limited | 0.49% | 1.13% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 42.7% means 42.7% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Mahindra Manulife Aggressive Hybrid Fund
| Security | % of fund |
|---|---|
| Mahindra Manulife Liquid Fund -Direct Plan -Growth | 4.65% |
| 7.71% Government of India 2066 | 1.70% |
| 7.24% Government of India 2055 | 1.53% |
| Kirloskar Oil Engines Limited | 1.41% |
| KEI Industries Limited | 1.37% |
Largest holdings only in Mahindra Manulife Large Cap Fund
| Security | % of fund |
|---|---|
| Infosys Limited | 2.59% |
| HDFC Life Insurance Company Limited | 2.26% |
| State Bank of India | 1.60% |
| Gland Pharma Limited | 1.57% |
| Tata Consultancy Services Limited | 1.47% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Mahindra Manulife Aggressive Hybrid | Mahindra Manulife Large Cap |
|---|---|---|
| Equity | 73.9% | 94.0% |
| Debt | 17.2% | 0.0% |
| Cash and others | 8.9% | 6.0% |
Market cap of stocks
| Market cap | Mahindra Manulife Aggressive Hybrid | Mahindra Manulife Large Cap |
|---|---|---|
| Large Cap | 40.8% | 85.5% |
| Mid Cap | 22.6% | 6.9% |
| Small Cap | 10.5% | 1.6% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Mahindra Manulife Aggressive Hybrid | Mahindra Manulife Large Cap |
|---|---|---|
| Banks | 16.0% | 26.3% |
| Automobiles | 2.2% | 8.2% |
| Finance | 7.0% | 4.0% |
| Retailing | 4.2% | 6.6% |
| Pharmaceuticals & Biotechnology | 5.0% | 6.5% |
| IT - Software | 2.5% | 6.0% |
| Petroleum Products | 2.3% | 5.0% |
| Industrial Products | 4.2% | 0.0% |
| Consumer Durables | 3.6% | 2.5% |
The six largest sectors of each fund's stocks, % of the fund.
Mahindra Manulife Aggressive Hybrid vs Mahindra Manulife Large Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Mahindra Manulife Aggressive Hybrid Fund | Mahindra Manulife Large Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.84% | 1.09% |
| Base expense ratio (Direct) | 0.49% | 0.72% |
| Total expense ratio (Regular) | 2.17% | 2.60% |
| Base expense ratio (Regular) | 1.67% | 2.05% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare Mahindra Manulife Aggressive Hybrid with
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Mahindra Manulife Aggressive Hybrid Fund vs Mahindra Manulife Large Cap Fund: Frequently Asked Questions
What is the difference between Mahindra Manulife Aggressive Hybrid Fund and Mahindra Manulife Large Cap Fund?
Mahindra Manulife Aggressive Hybrid Fund is an Aggressive Hybrid fund, Mahindra Manulife Large Cap Fund is a Large Cap fund, run by Mahindra Manulife Mutual Fund. Their portfolios overlap 42.7%. Mahindra Manulife Aggressive Hybrid Fund charges 0.84% a year and Mahindra Manulife Large Cap Fund 1.09%.
Which has given higher returns, Mahindra Manulife Aggressive Hybrid Fund or Mahindra Manulife Large Cap Fund?
Over 1 year: Mahindra Manulife Aggressive Hybrid Fund −8.15%, Mahindra Manulife Large Cap Fund −8.80%. Over 3 years: Mahindra Manulife Aggressive Hybrid Fund +10.64% a year, Mahindra Manulife Large Cap Fund +9.23% a year. Over 5 years: Mahindra Manulife Aggressive Hybrid Fund +10.17% a year, Mahindra Manulife Large Cap Fund +7.57% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Mahindra Manulife Aggressive Hybrid Fund or Mahindra Manulife Large Cap Fund?
Mahindra Manulife Aggressive Hybrid Fund charges less: 0.84% a year against 1.09%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Mahindra Manulife Aggressive Hybrid Fund and Mahindra Manulife Large Cap Fund overlap?
42.7%. They hold 30 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, Mahindra Manulife Aggressive Hybrid Fund or Mahindra Manulife Large Cap Fund?
On SEBI's riskometer, Mahindra Manulife Aggressive Hybrid Fund is rated Very High and Mahindra Manulife Large Cap Fund Very High. Over 3 years, the standard deviation of daily returns was 10.64% and 12.91% a year.
Which is better for SIP, Mahindra Manulife Aggressive Hybrid Fund or Mahindra Manulife Large Cap Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,55,156 in Mahindra Manulife Aggressive Hybrid Fund (XIRR 8.3% a year) and ₹7,18,522 in Mahindra Manulife Large Cap Fund (XIRR 6.4% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Mahindra Manulife Aggressive Hybrid Fund and Mahindra Manulife Large Cap Fund?
Yes. 42.7% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Mahindra Manulife Aggressive Hybrid Fund and Mahindra Manulife Large Cap Fund?
Mahindra Manulife Aggressive Hybrid Fund: Kirti Dalvi, Vishal Jajoo, Rahul Pal, Amit Garg. Mahindra Manulife Large Cap Fund: $ Mr. Hemang Kapasi, $ Ms. Kirti Dalvii.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.