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Large Cap · Mahindra Manulife Mutual Fund · AMFI code 146548Mahindra Manulife Large Cap Fund
Disclosed for 3 months, Jul 2026 to Sep 2026.
Portfolio value
₹647 Cr
down ₹48.2 Cr vs Aug 2026
- Stocks held
- 44
- down 3 vs Aug 2026
- Top 10 weight
- 44.4%
- of the portfolio in its ten largest
- Cash & debt
- 6.0%
- cash, money market and debt
- Moves this month
- 3 in · 6 out
- added to 8, trimmed 32
Mahindra Manulife Large Cap Fund is an active equity fund in the Large Cap category from Mahindra Manulife Mutual Fund. In September 2026 it disclosed 44 stocks worth ₹647 Cr, down ₹48.2 Cr from Aug 2026. Its largest positions were ICICI Bank Limited (8.8%), HDFC Bank Limited (8.1%), Reliance Industries Limited (5.0%); the ten largest together made up 44.4% of the portfolio, and Banks was the biggest sector at 28.0% of its equity. Cash and debt stood at 6.0%. Compared with Aug 2026 the fund entered 3 new stocks and exited 6.
Against 33 other Large Cap funds
Concentration
27%
Top-10 weight is higher than 27% of peers
Breadth
30%
Holds more stocks than 30% of peers
Cash
91%
Holds more cash than 91% of peers
What these mean: concentration · cash
Holdings in September 2026
Download CSVEvery line the fund disclosed, with the change against Aug 2026. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| ICICI Bank Limited | 8.79% | down 0.73 pts | ₹56.8 Cr | down ₹9.3 Cr | Trimmed |
| HDFC Bank Limited | 8.06% | up 0.56 pts | ₹52.2 Cr | down ₹2 L | Held |
| Cash, TREPS & receivables | 6.02% | up 1.30 pts | ₹38.9 Cr | up ₹6.1 Cr | Added |
| Reliance Industries Limited | 4.97% | down 0.01 pts | ₹32.2 Cr | down ₹2.4 Cr | Trimmed |
| Bharti Airtel Limited | 4.45% | up 0.18 pts | ₹28.8 Cr | down ₹90 L | Trimmed |
| Axis Bank Limited | 3.60% | up 0.55 pts | ₹23.3 Cr | up ₹2.1 Cr | Added |
| Larsen & Toubro Limited | 3.47% | down <0.01 pts | ₹22.4 Cr | down ₹1.7 Cr | Trimmed |
| Eternal Limited | 3.22% | up 0.19 pts | ₹20.8 Cr | down ₹20 L | Trimmed |
| TVS Motor Company Limited | 2.61% | up 0.04 pts | ₹16.9 Cr | down ₹97 L | Trimmed |
| Bajaj Finserv Limited | 2.60% | down 0.22 pts | ₹16.8 Cr | down ₹2.8 Cr | Trimmed |
| Infosys Limited | 2.59% | down 0.16 pts | ₹16.7 Cr | down ₹2.4 Cr | Trimmed |
| Kotak Mahindra Bank Limited | 2.57% | up 0.16 pts | ₹16.6 Cr | down ₹10 L | Trimmed |
| Mahindra & Mahindra Limited | 2.53% | down 0.09 pts | ₹16.4 Cr | down ₹1.8 Cr | Trimmed |
| HDFC Life Insurance Company Limited | 2.26% | up 1.32 pts | ₹14.6 Cr | up ₹8.1 Cr | Added |
| Sun Pharmaceutical Industries Limited | 2.13% | down 0.04 pts | ₹13.8 Cr | down ₹1.3 Cr | Trimmed |
| Grasim Industries Limited | 2.04% | up 0.92 pts | ₹13.2 Cr | up ₹5.4 Cr | Added |
| Avenue Supermarts Limited | 2.00% | up 0.09 pts | ₹12.9 Cr | down ₹34 L | Trimmed |
| Tech Mahindra Limited | 1.98% | up 0.01 pts | ₹12.8 Cr | down ₹87 L | Trimmed |
| Divi's Laboratories Limited | 1.88% | up 0.63 pts | ₹12.2 Cr | up ₹3.5 Cr | Added |
| Adani Enterprises Limited | 1.72% | up 0.14 pts | ₹11.1 Cr | up ₹17 L | Added |
| Titan Company Limited | 1.70% | down 0.06 pts | ₹11 Cr | down ₹1.2 Cr | Trimmed |
| InterGlobe Aviation Limited | 1.70% | up 0.04 pts | ₹11 Cr | down ₹55 L | Trimmed |
| Adani Energy Solutions Limited | 1.68% | down 0.01 pts | ₹10.9 Cr | down ₹85 L | Trimmed |
| IndusInd Bank Limited | 1.66% | down 0.08 pts | ₹10.7 Cr | down ₹1.4 Cr | Trimmed |
| State Bank of India | 1.60% | down 0.04 pts | ₹10.4 Cr | down ₹1.1 Cr | Trimmed |
| Gland Pharma Limited | 1.57% | up 0.53 pts | ₹10.1 Cr | up ₹2.9 Cr | Added |
| Tata Consultancy Services Limited | 1.47% | down 0.13 pts | ₹9.5 Cr | down ₹1.6 Cr | Trimmed |
| Shriram Transport Finance Company Limited Shriram Finance Limited · history in this fund | 1.43% | down 0.07 pts | ₹9.3 Cr | down ₹1.2 Cr | Trimmed |
| Pidilite Industries Limited | 1.43% | down 0.10 pts | ₹9.2 Cr | down ₹1.4 Cr | Trimmed |
| Trent Limited | 1.38% | down 0.03 pts | ₹8.9 Cr | down ₹88 L | Trimmed |
| Tata Motors Limited | 1.31% | down 0.02 pts | ₹8.5 Cr | down ₹76 L | Trimmed |
| Hindustan Aeronautics Limited | 1.30% | up 0.06 pts | ₹8.4 Cr | down ₹24 L | Trimmed |
| SRF Limited | 1.26% | up 0.05 pts | ₹8.2 Cr | down ₹29 L | Trimmed |
| Hindustan Unilever Limited | 1.24% | up 0.03 pts | ₹8 Cr | down ₹38 L | Trimmed |
| Godrej Properties Limited | 1.13% | down 0.17 pts | ₹7.3 Cr | down ₹1.7 Cr | Trimmed |
| NTPC Limited | 1.11% | up 0.06 pts | ₹7.2 Cr | down ₹10 L | Trimmed |
| Tata Power Company Limited | 1.03% | up 0.10 pts | ₹6.6 Cr | up ₹22 L | Added |
| Dr. Reddy's Laboratories Limited | 0.97% | up 0.13 pts | ₹6.3 Cr | up ₹40 L | Added |
| Nestle India Limited | 0.97% | down 0.06 pts | ₹6.3 Cr | down ₹90 L | Trimmed |
| Britannia Industries Limited | 0.96% | down 0.01 pts | ₹6.2 Cr | down ₹54 L | Trimmed |
| Maruti Suzuki India Limited | 0.93% | down 0.05 pts | ₹6 Cr | down ₹79 L | Trimmed |
| Eicher Motors Limited | 0.83% | down 0.89 pts | ₹5.4 Cr | down ₹6.6 Cr | Trimmed |
| Multi Commodity Exchange of India Limited | 0.81% | up 0.81 pts | ₹5.3 Cr | up ₹5.3 Cr | New |
| LG Electronics India Ltd | 0.80% | up 0.80 pts | ₹5.2 Cr | up ₹5.2 Cr | New |
| Nippon Life India Asset Management Limited | 0.25% | up 0.25 pts | ₹1.6 Cr | up ₹1.6 Cr | New |
What changed, Aug 2026 to Sep 2026
New New positions (3)
- Multi Commodity Exchange of India Limited0.8% · ₹5.3 Cr
- LG Electronics India Ltd0.8% · ₹5.2 Cr
- Nippon Life India Asset Management Limited0.2% · ₹1.6 Cr
Exited Exited (6)
- Tata Capital Limitedwas 1.1% · ₹7.6 Cr
- Punjab National Bankwas 1.1% · ₹7.4 Cr
- Havells India Limitedwas 1.0% · ₹7.2 Cr
- HDB Financial Services Limitedwas 1.0% · ₹6.8 Cr
- Indus Towers Limited
Sectors
Which sectors the fund is moving towards and away from, and where its money sits now. Shares are of the fund’s classified equity holdings, so they add up to 100%.
Where the weight moved
Compared with
Since Aug 2026, the weight rose most in Insurance (+1.4 pts) and Pharmaceuticals & Biotechnology (+1.4 pts), and fell most in Finance (−2.4 pts) and Automobiles (−0.9 pts).
- Insurance1.0% → 2.4%+1.4 pts
- Pharmaceuticals & Biotechnology5.6% → 7.0%+1.4 pts
- Capital Markets0.0% → 1.1%new+1.1 pts
- Cement & Cement Products1.2% → 2.2%+1.0 pts
- Retailing6.7% → 7.0%+0.4 pts
- Power3.8% → 4.1%+0.2 pts
- Finance6.7% → 4.3%−2.4 pts
- Automobiles9.7% → 8.7%−0.9 pts
- Healthcare Services0.9% → 0.0%exited−0.9 pts
- Telecom - Services5.5% → 4.7%−0.7 pts
- Banks28.3% → 28.0%−0.3 pts
- Consumer Durables2.9% → 2.7%−0.3 pts
A sector’s weight changes when the fund buys or sells, and also when its shares rise or fall in price, so a change is not by itself a sign of buying or selling.
Main sectors’ weights over time
| Sector | Aug 2026 | Sep 2026 |
|---|---|---|
| Banks | 28.3% | 28.0% |
| Automobiles | 9.7% | 8.7% |
| Retailing | 6.7% | 7.0% |
| Pharmaceuticals & Biotechnology | 5.6% | 7.0% |
| IT - Software | 6.6% | 6.4% |
| Petroleum Products | 5.2% | 5.3% |
| Telecom - Services | 5.5% | 4.7% |
| Finance | 6.7% | 4.3% |
| Power | 3.8% | 4.1% |
| Construction | 3.6% | 3.7% |
Allocation in Sep 2026change vs Aug 2026
- Banks (6)28.0%▼ 0.3 pts
- Automobiles (5)8.7%▼ 0.9 pts
- Retailing (3)7.0%▲ 0.4 pts
Cash and debt
The share of the portfolio not in shares: cash and net receivables, money-market instruments and bonds, as disclosed each month. Cash can dip below zero when payables, often on derivative positions, exceed it. A change here describes what the fund did; it is not a signal. More on reading cash.
Cash & debt, Sep 2026
6.0%
▲ 1.3 pts vs Aug 2026
- Cash alone
- 6.0%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 3.7% – 6.0%
- lowest to highest · record 6.0% in Sep 2026
History
Disclosed portfolio value by month, with the stocks the fund entered and exited against its previous disclosure. Every month is a link to that portfolio.