BANDHAN MID CAP FUND vs Mahindra Manulife Mid Cap Fund
BANDHAN MID CAP FUND and Mahindra Manulife Mid Cap Fund are both Mid Cap funds. As of 5 Nov 2026 (Direct plan, Growth option): 3-year CAGR +18.54% vs +16.85%, 5-year CAGR — vs +16.01%, volatility 18.11% vs 17.92%, maximum drawdown −22.71% vs −33.10%. Their portfolios overlap by 27.1% (21 stocks held by both).
Showing the Direct plan, Growth option. Portfolio, sector and market-cap figures are the same for every plan and option of a fund.
Key facts
| BANDHAN MID CAP | Mahindra Manulife Mid Cap | |
|---|---|---|
| Fund house | Bandhan Mutual Fund | Mahindra Manulife Mutual Fund |
| Compared as | Mid Cap | Mid Cap |
| NAV | ₹20.2220 | ₹39.9084 |
| NAV date | 5 Nov 2026 | 5 Nov 2026 |
| Launched (first NAV) | 19 Aug 2022 | 6 Feb 2018 |
| Track record | 4.2 yrs | 8.7 yrs |
| Fund size (AUM) | ₹2,519 Cr | ₹5,070 Cr |
| Securities held | 83 | 63 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| BANDHAN MID CAP | Mahindra Manulife Mid Cap | |
|---|---|---|
| 1 month | +1.24% | +1.39% |
| 3 months | −0.33% | −6.47% |
| 6 months | +5.61% | −2.81% |
| 1 year | +7.72% | +4.25% |
| 3 years (CAGR) | +18.54% | +16.85% |
| 5 years (CAGR) | — | +16.01% |
| 7 years (CAGR) | — | +21.72% |
| 10 years (CAGR) | — | — |
| Since launch (CAGR) | +18.16% | +18.05% |
| SIP return (XIRR, 5 years) ⓘ | — | +15.91% |
Up to one year: absolute return. Beyond one year: CAGR. Computed from each fund's own NAV history (AMFI), measured to the latest NAV.
Calendar-year returns
| BANDHAN MID CAP | Mahindra Manulife Mid Cap | |
|---|---|---|
| 2026 (year to date) | +10.79% | +3.66% |
| 2025 | −1.60% | +2.66% |
| 2024 | +34.08% | +31.20% |
| 2023 | +39.67% | +49.29% |
| 2022 | — | +1.96% |
| 2021 | — | +52.30% |
Risk
| BANDHAN MID CAP | Mahindra Manulife Mid Cap | |
|---|---|---|
| Volatility (annualised) ⓘ | 18.11% | 17.92% |
| Downside volatility ⓘ | 12.53% | 11.98% |
| Sharpe ratio ⓘ | 0.67 | 0.58 |
| Sortino ratio ⓘ | 0.96 | 0.87 |
| Maximum drawdown ⓘ | −22.71% | −33.10% |
| Recovery from that fall | 14 months | 8 months |
| Current fall from peak | −3.36% | −7.11% |
| Rolling 1-year return: worst | −5.61% | −22.37% |
| Rolling 1-year return: median | +14.60% | +12.37% |
| Rolling 1-year return: best | +59.46% | +93.13% |
| Share of 1-year periods with a loss | 7.38% | 17.28% |
Against each fund's benchmark
| BANDHAN MID CAP | Mahindra Manulife Mid Cap | |
|---|---|---|
| Beta ⓘ | 0.97 | 0.97 |
| Alpha (Jensen's, annualised) ⓘ | +2.59% | +0.70% |
| R² ⓘ | 88.39 | 95.20 |
| Upside capture | 104.07% | 99.62% |
| Downside capture | 94.42% | 97.06% |
| Tracking error | 6.49% | 4.04% |
| Information ratio | 0.39 | 0.12 |
| Treynor ratio | 11.14 | 9.07 |
Portfolio
Asset mix
| BANDHAN MID CAP | Mahindra Manulife Mid Cap | |
|---|---|---|
| Equity | 97.47% | 97.25% |
| Cash & equivalents | 2.53% | 2.73% |
Market-cap split (share of fund assets)
| BANDHAN MID CAP | Mahindra Manulife Mid Cap | |
|---|---|---|
| Large Cap | 14.98% | 6.13% |
| Mid Cap | 64.05% | 74.07% |
| Small Cap | 15.37% | 17.05% |
| Unclassified | 3.07% | 0.00% |
Concentration
| BANDHAN MID CAP | Mahindra Manulife Mid Cap | |
|---|---|---|
| Top 10 holdings | 25.75% | 25.08% |
| Effective number of stocks ⓘ | 63.3 | 57.6 |
| Securities held | 83 | 63 |
Portfolio overlap: 27.1%
21 companies are held by both funds; by weight, 27.1% of the two portfolios is the same. That is a moderate overlap.
| Held by both | BANDHAN MID CAP | Mahindra Manulife Mid Cap |
|---|---|---|
| The Federal Bank Limited | 3.02% | 3.42% |
| Fortis Healthcare Limited | 2.27% | 1.90% |
| GE Vernova T&D India Limited | 3.18% | 1.77% |
| L&T Finance Limited | 1.94% | 1.73% |
| KEI Industries Limited | 1.66% | 2.13% |
| APL Apollo Tubes Limited | 1.56% | 2.03% |
| Glenmark Pharmaceuticals Limited | 1.56% | 2.60% |
| UNO Minda Limited | 1.53% | 1.95% |
| JK Cement Limited | 1.51% | 1.84% |
| Radico Khaitan Limited | 1.38% | 2.00% |
| PB Fintech Limited | 1.25% | 1.53% |
| Coforge Limited | 1.24% | 2.65% |
| Piramal Finance Limited | 1.13% | 1.16% |
| Bharti Hexacom Limited | 1.13% | 1.17% |
| Schaeffler India Ltd. | 1.19% | 1.03% |
Top 10 holdings
BANDHAN MID CAP
- Apar Industries Limited3.99%
- GE Vernova T&D India Limited3.18%
- The Federal Bank Limited3.02%
- IPCA Laboratories Limited2.66%
- Aditya Infotech Limited2.32%
- Fortis Healthcare Limited2.27%
- Persistent Systems Limited2.14%
- Sai Life Sciences Limited2.10%
- Vishal Mega Mart Limited2.04%
- Multi Commodity Exchange of India Limited2.03%
Mahindra Manulife Mid Cap
- The Federal Bank Limited3.42%
- IndusInd Bank Limited3.19%
- Aditya Birla Capital Limited2.79%
- Coforge Limited2.65%
- Glenmark Pharmaceuticals Limited2.60%
- IDFC First Bank Limited2.16%
- KEI Industries Limited2.13%
- Bank of Maharashtra2.07%
- Nippon Life India Asset Management Limited2.04%
- APL Apollo Tubes Limited2.03%
Sector exposure
| BANDHAN MID CAP | Mahindra Manulife Mid Cap | |
|---|---|---|
| Banks | 5.24% | 13.57% |
| Retailing | 11.10% | 0.00% |
| Industrial Products | 6.90% | 10.66% |
| Electrical Equipment | 9.80% | 4.39% |
| Auto Components | 5.81% | 9.42% |
| Pharmaceuticals & Biotechnology | 9.07% | 7.25% |
| Finance | 4.57% | 7.92% |
| Healthcare Services | 6.29% | 3.38% |
| Capital Markets | 4.60% | 3.56% |
| Industrial Manufacturing | 4.28% | 1.86% |
| IT - Software | 3.38% | 4.15% |
| Consumer Durables | 2.33% | 3.58% |
| Beverages | 2.06% | 3.37% |
| Realty | 3.29% | 1.21% |
Questions people ask
What is the difference between BANDHAN MID CAP and Mahindra Manulife Mid Cap returns?
As of 5 Nov 2026, Direct plan Growth option: 1-year return +7.72% vs +4.25%; 3-year CAGR +18.54% vs +16.85%; 5-year CAGR — vs +16.01%; 10-year CAGR — vs —. Past returns do not indicate future returns.
How do BANDHAN MID CAP and Mahindra Manulife Mid Cap compare on risk?
Volatility (36 monthly returns, annualised) 18.11% vs 17.92%; Sharpe ratio 0.67 vs 0.58; Sortino ratio 0.96 vs 0.87; maximum drawdown −22.71% vs −33.10%; beta 0.97 vs 0.97.
How much do BANDHAN MID CAP and Mahindra Manulife Mid Cap overlap?
By weight, 27.1% of the two portfolios is invested in the same companies; 21 stocks are held by both, the largest shared positions being The Federal Bank Limited, Fortis Healthcare Limited, GE Vernova T&D India Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of BANDHAN MID CAP and Mahindra Manulife Mid Cap?
BANDHAN MID CAP: large cap 15.0%, mid cap 64.1%, small cap 15.4%. Mahindra Manulife Mid Cap: large cap 6.1%, mid cap 74.1%, small cap 17.1% (share of the fund's assets, from its latest disclosed portfolio).
Is this a recommendation to choose one of these funds?
No. This page places the published figures of both funds side by side. It does not rank, rate or recommend either fund; which one suits an investor depends on their goals, horizon and risk tolerance.
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Sources: NAV from AMFI; returns, risk and ratios computed by MF Analyser from each fund's NAV history (risk on 36 monthly returns, risk-free rate 6.5%); benchmark ratios against each fund's benchmark total-return index; portfolios from each fund house's monthly disclosure. Returns and ratios as of 5 Nov 2026. IDCW options show no return or risk figures because payouts reduce the NAV and AMFI's file carries no payout history to add back. This page compares published figures only — it does not rank, rate or recommend either fund. Past performance does not indicate future returns; mutual fund investments are subject to market risks.