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Mahindra Manulife Small Cap Fund

Small Cap Fund - An open ended equity scheme predominantly investing in small cap stocks


Opened on: Nov 21, 2022
Closes on: Dec 5, 2022

Scheme reopens for continuous sale and repurchase from: Dec 14, 2022



Potential growth tailwinds in Indian Economy.
Opportunity to capitalize on Indian Entrepreneurship.
Opportunity to capture market / economic cycles.
Potential to create wealth and generate alpha over long-term.
Small caps are generallyunder-researched and under-owned and hence provides an opportunity for stock-picking at reasonable valuations.
Small Caps could be beneficiaries of structural reforms announced from time to time.
Small caps also provide exposure to companies which are potential market leaders in the industries they operate in (a few examples include textile, paper, sugar, luggage) and have potential to become midcaps of tomorrow as they achieve scale.


Small caps: Under-researched and Under-owned

Computation of NSE 500 Index stocks

Source : Bloomberg. Data as of 30th Sep 2022. Large, Mid & Small Cap stocks are classified in terms of market capitalisations


Instrument Indicative Allocation (% of assets) Risk Profile
Minimum Maximum High/Moderate/Low
Equity & Equity related instruments of Small Cap Companies# 65 100 Very High
Equity & Equity related instruments of other than Small Cap Companies 0 35 Very High
Debt and Money Market Securities (including TREPS (Tri-Party Repo), Reverse Repo) 0 35 Low to Moderate
Units issued by REITs & InvITs 0 10 Moderately High
The Scheme may take exposure in equity derivative instruments to the extent of 50% of the Equity component. Investment in derivatives shall be for hedging, portfolio balancing and such other purposes as maybe permitted from time to time under the Regulations and subject to guidelines issued by SEBI/RBI from time to time. #Definition of Small Cap Companies: 251st company onwards in terms of full Market Capitalization.


Investment Objective: The investment objective of the Scheme is to generate long term capital appreciation by investing in a diversified portfolio of equity & equity related securities of small cap companies, However, there can be no assurance that the investment objective of the Scheme will be achieved.
Benchmark: S&P BSE 250 Small Cap TRI (First Tier Benchmark)
Plans: Regular & Direct
Options: Growth^; IDCW#
IDCW Sub-options: IDCW Reinvestment^ & IDCW Payout
Entry Load: Not Applicable
Exit Load:
  • • An Exit Load of 0.5% 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.
  • • Redemption /Switch-Out of Units would be done on First in First out Basis (FIFO).
Fund Managers: Mr. Abhinav Khandelwal and Mr. Manish Lodha
Minimum Application Amount (Lumpsum): ₹1,000 and in multiples of ₹1/- thereafter
Minimum Amount for Switch in: ₹1,000/- and in multiples of ₹0.01/- thereafter.
Minimum Application Amount (SIP) for weekly and monthly frequencies: 6 installments of ₹500 /- each and in multiples of ₹1/- thereafter
Minimum Application Amount (SIP) for quarterly frequency 4 installments of ₹1,500/- each and in multiples of ₹1/- thereafter
#IDCW: Income Distribution cum Capital Withdrawal ^ Default Option

This product is suitable for investors who are seeking#

  • • Long term capital appreciation;
  • • Investment predominantly in equity and equity related securities of small cap companies.

#Investor should consult their financial advisers if in doubt about whether the product is suitable for them.

The product labelling /risk level assigned for the Scheme during the New Fund Offer is based on internal assessment of the Scheme’s characteristics or model portfolio and the same may vary post New Fund Offer when the actual investments are made.


Mutual Fund investments are subject to market risks, read all scheme related documents carefully.