INDEX

Contents Page No.

How to Read Factsheet 1
Samvaad 2-5
Equity & Fund of Fund Scheme Snapshot
Scheme Name Scheme Category
Equity Funds/Fund of Fund
Mahindra Manulife ELSS Tax Saver Fund ELSS 6
Mahindra Manulife Multi Cap Fund Multi Cap Fund 7
Mahindra Manulife Mid Cap Fund Mid Cap Fund 8
Mahindra Manulife Consumption Fund Thematic 9
Mahindra Manulife Large Cap Fund Large Cap Fund 10
Mahindra Manulife Large & Mid Cap Fund Large and Mid Cap Fund 11
Mahindra Manulife Focused Fund Focused Fund 12
Mahindra Manulife Flexi Cap Fund Flexi Cap Fund 13
Mahindra Manulife Small Cap Fund Small Cap Fund 14
Mahindra Manulife Business Cycle Fund Thematic 15
Mahindra Manulife Manufacturing Fund Thematic 16
Mahindra Manulife Asia Pacific REITs FOF FOF (Overseas) 17
Hybrid Funds
Hybrid Scheme Snapshot
Mahindra Manulife Equity Savings Fund Equity Savings 18
Mahindra Manulife Aggressive Hybrid Fund Aggressive Hybrid Fund 19
Mahindra Manulife Balanced Advantage Fund Dynamic Asset Allocation 20
Mahindra Manulife Multi Asset Allocation Fund Multi Asset Allocation 21
Mahindra Manulife Arbitrage Fund Arbitrage Fund 22
Debt Funds
Debt Scheme Snapshot
Mahindra Manulife Liquid Fund Liquid Fund 23
Mahindra Manulife Low Duration Fund Low Duration Fund 24
Mahindra Manulife Dynamic Bond Fund Dynamic Bond 25
Mahindra Manulife Overnight Fund Overnight Fund 26
Mahindra Manulife Ultra Short Duration Fund Ultra Short Duration Fund 27
Mahindra Manulife Short Duration Fund Short Duration Fund 28
Riskometers 29-30
Potential Risk Class Matrix (PRC) 31
Fund Performance 32-35
SIP Performance 36-39

How to Read Factsheet

Fund Manager: An employee of the asset management company such as a mutual fund Macaulay Duration: It measures the average time that would be taken to receive the
of the insurer, who manages investments of the scheme. He is usually part of larger cash flows from the invested instrument. It is the weighted average term to maturity of
team of fund managers and research analysts. the cash flows from an instrument. Macaulay Duration is a measure of interest rate
Application Amount for fresh Subscription: This is the minimum investment amount sensitivity of a fixed income instrument. Higher the Macaulay Duration, higher would be
for a new investor in mutual fund scheme. the interest rate risk. For a detailed understanding of calculations, please refer page no
19 of SID of Mahindra Manulife Low Duration Fund.
Minimum Additional Amount: This is the minimum investment amount for an existing
investor in a mutual fund scheme. Standard Deviation: Standard Deviation is a statistical measure of the range of an
investment’s performance. When a mutual fund has a high standard deviation, it means
SIP: SIP or systematic investment plan works on the principle of making periodic its range of performance is wide, implying greater volatility.
investment of affixed sum. It works similar to a recurring bank deposit. For instance, an
investor may opt for an SIP that invests Rs. 500 every 15th of the month in an equity Sharpe Ratio: The Sharpe Ratio, named after its founder, the Nobel Laureate William
fund for a period of three years. Sharpe, is a measure of risk-adjusted returns. It is calculated using standard deviation
and excess return to determine reward per unit of risk.
NAV: The NAV or the net asset value is the total asset value per unit of the mutual fund
after deducting all related and permissible expenses. The NAV is calculated at the end of Beta: Beta is a measure of an investment’s volatility vis-à-vis the market. Beta of less
every business day. It is the value at which the investor enters or exits the mutual fund. than 1 means that the security will be less volatile than the market. A beta of greater
than 1 implies that the security’s price will be more volatile than the market.
Benchmark: A group of securities, usually a market index, whose performance is used
as a standard or benchmark to measure investment performance of mutual funds, AUM: AUM or asset under management refers to the recent / updated cumulative
among other investments. Some typical benchmarks include the Nifty, Sensex, BSE market value of investments managed by a mutual fund or any investment firm.
200, BSE 500, 10- year GSec. Holdings: The holdings or the portfolio is a mutual fund’s latest or updated reported
Entry Load: A mutual fund may have a sales charge or load at the time of entry and / statement of investments/ Securities. These are usually displayed in terms of
or exit to compensate the distributor / agent. Entry load is charged at the time an percentage to net assets or the rupee value or both. The objective is to give investors
investor purchases the units of a mutual fund. The entry load is added to the prevailing an idea of where their money is being invested by the fund manager.
NAV at the time of investment. Nature of Scheme: The investment objective and underlying investments determine
For instance, if the NAV is Rs. 100 and the entry load is 1%, the investor will enter the the nature of the mutual fund scheme. For instance, a mutual fund that aims at
fund at Rs. 101. As per Clause 10.4 of SEBI Master Circular dated June 27, 2024, There generating capital appreciation by investing in stock markets is an equity fund or
shall be no entry load for all Mutual Fund schemes and mandated that the upfront growth fund. Likewise, a mutual fund that aims at capital preservation by investing in
commission to distributors will be paid by the investor directly to the distributor, based debt markets is a debt fund or income fund. Each of these categories may have
on his assessment of various factors including the service rendered by the distributor. sub-categories.
Exit load: Exit load is charged at the time an investor redeems the units of a mutual Rating Profile: Mutual funds invest in securities after evaluating their creditworthiness
fund. The exit load is deducted from the prevailing NAV at the time of redemption. For as disclosed by the ratings. A depiction of the mutual fund in various investments based
instance, if the NAV is Rs. 100 and the exit load is 1%, the redemption price would be on their ratings becomes the rating profile of the fund. Typically, this is a feature of
Rs. 99 per unit. debt funds.
Modified Duration: Modified duration is the price sensitivity and the percentage change Yield to Maturity: The Yield to Maturity or the YTM is the rate of return anticipated on
in price for unit change in yield. a bond if held to maturity. YTM is expressed as an annual rate. The YTM factors in the
bond’s current market price, par value, coupon interest rate and time to maturity.

1
SAMVAAD
Market Outlook | September 2024

OIL PRICE SHOCK? DON’T BE SHOCKED.

Oil Prices have recently seen an uptick, with the price of the Bloomberg Brent Crude Index rising by ~6% between September 30, 2024,
and October 9, 2024. This increase seems largely been driven by the uncertainties created by political instability in the Middle East
which remains a major producer of crude oil and natural gas.
Source: Bloomberg

The prices of crude oil and natural gas may have a major impact on the price of feedstock and fuel across a wide variety of sectors from
the closely related Oil & Gas, automobile, aviation, and power sectors to less obvious such as plastics and rubber which derive their raw
materials from petrochemicals.
While the upward movement of oil prices could rattle the markets, the long-term impact may be much more ambiguous as can be
seen below.

Brent Crude Price vs Indian Equities

140000 80

105000 60

70000 40

35000 20

0 0
Sep-13 Sep-14 Sep-15 Sep-16 Sep-17 Sep-18 Sep-19 Sep-20 Sep-21 Sep-22 Sep-23 Sep-24

BSE Sensex TRI Bloomberg Brent Crude Index ($/barrel)

Source: Bloomberg/MFI

As can be seen, while crude oil prices fell in from 2013-15 due to the shale boom and then remained range-bound till ~2020, the equity
indices continued to grow. When oil prices started to rise again on back of renewed demand after the pandemic, the equity indices grew
faster, and even in recent months of comparatively elevated prices, equity indices have gone from strength to strength.
This may be because while higher oil prices may impact certain sectors such as aviation (higher fuel prices may cut into margins) others
such as upstream oil firms that explore and drill for crude oil could benefit. In the near term though markets may have their own volatility
as some concern on India’s Current Account Deficit (CAD) and Balance of Payments (BoP) might surface as well as some adjustment to
earnings of oil-related industries may play out. Eventually the CAD and BoP concern gets played out via currency depreciation and that
seems to create its own winners in terms of incremental profit pool participation amongst sectors and stocks.

2
What most firms may want is not higher or lower prices, but stable prices as have been seen in the recent 7-8 quarters because it tends
to allow businesses to forecast demand and prices of sales and acquisition more accurately.
What may an investor do in case of a rapid increase in oil prices? In one word,nothing. Oil prices have their own dynamic, one that is often
removed from the dynamics of the equity markets. As the chart above shows, staying invested despite the near-term ups and downs of
both the equity markets and oil prices might be the best way of long-term wealth creation.

EQUITY MARKET OUTLOOK

MOMENT OF THE MONTH:

 The Rush for Easing: USA, China & Japan, Top 3 economies announce policy measures towards easing, either a rate cut or infusion
of liquidity or no more rate hike. US Federal Reserve initiated the rate cutting cycle with a hefty 50bps cut. While rate cut by USA was
reasonably expected, China & Japan were a surprise. China announced a series of measures to boost growth by cutting rate as well as
liquidity infusion. Japan on the other hand had a change of leadership with the new Prime Minister expressing his support for no more
rate hikes.

 Going ahead, US Federal has guided for another 50bps cut by year end. US data continue to be mixed with GDP data clocking higher
at 3% Quarter-on-Quarter but other data showing softness. However, inflation continues to remain within Fed limits.

 Israel’s steps its action on Hezbollah group in Lebanon. Any escalation in the conflict may create a potential rise in oil prices as well as
geopolitical risk premium.

 Earnings Q2FY25: Q2 results, and commentary of festive sales maybe one of the key things to watch out for this result season as the
market balances between the consumption and investment sectors.

Source: Bloomberg

WHO MOVED MARKETS

 Foreign Portfolio Investors (FPI) has become a material buyer of India in September with net inflows at $5.4 billion.
Source: NSDL/Internal Research

MOVERS & SHAKERS

10.0%
India Index
8.0%

6.0%
Performance

4.0%

2.0%

0.0%

-2.0%

-4.0%
Nifty Nifty BSE Nifty Nifty BSE 250
Nifty Nifty Nifty Nifty Nifty Nifty Nifty Nifty BSE
Nifty 50 Financial Nifty IT Commod Small Midcap Small Small
Auto Bank FMCG Media Metal Realty Pharma Energy Midcap
Services ities Cap 100 Cap 100 Cap
1 Mth Performance 2.3% 3.3% 3.2% 3.6% 3.9% -2.0% 1.6% 8.4% 3.6% 4.3% 0.3% 0.6% 0.6% 2.0% 1.5% -0.7% 1.6%

Source: Bloomberg; Data as on September 30, 2024; Performance – Absolute returns. Past performance may or may not be sustained in future.

World Index
40.0%
35.0%
30.0%
Performance

25.0%
20.0%
15.0%
10.0%
5.0%
0.0%
-5.0%
Dow Nasdaq Hang
S&P 500 Ftse 100 Cac 40 Nikkei
Jones Composite Dax Index Seng Nifty 50
Index Index Index 225
Indus. Avg Index Index
1 Mth Performance 1.8% 2.0% 2.7% -1.7% 0.1% 2.2% -1.9% 17.5% 2.3%
1 Yr Performance 26.3% 34.4% 37.6% 8.3% 7.0% 25.6% 19.0% 18.7% 31.4%

Source: Bloomberg; Data as on September 30, 2024; Performance – Absolute returns. Past performance may or may not be sustained in future.

3
 PERFORMANCE SNAPSHOT OF SECTORAL INDICES – QUARTER ON QUARTER
Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24
Nifty 50 -29.3 19.8 9.2 24.3 5.1 7 12.1 -1.5 0.6 -9.6 3.9 5.9 -4.1 10.5 2.3 10.7 2.7 7.5 7.5
Nifty Midcap 100 -31.6 25.6 15.5 22.7 13.7 13.8 12.7 0.2 -2.5 -10.9 5.8 2.7 -4.7 19 13.4 13.9 4.1 15.9 7.9
Nifty Small Cap 100 -38.4 28.4 26.2 21.7 14.5 20 11.9 3.7 -7.6 -19.1 4.5 3.1 -7.6 20.5 17.6 18.8 0.8 20 4.7
Note - Yellow highlighted cells represent highest returns amongst the 3 indices provided above, for the respective quarter end periods. Performance – Absolute returns. Past performance may
or may not be sustained in future.
Bloomberg Data as on September 30, 2024

Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24
Nifty Auto -42.6 42 17.7 16.3 7.3 7.5 0 3.2 -3.5 10.9 5.9 -0.7 -2.9 23.7 6.8 15 15 17.7 7.2
Nifty Bank -40.5 11.6 0.4 45.7 6.5 4.4 7.6 -5.2 2.5 -8.1 -1.5 11.3 -5.5 10.2 -0.4 8.3 -2.4 11.1 1.2
Nifty Fin Services -36 13.4 0.6 43.2 3.3 4.6 11.3 -5.3 -1.1 -9.8 0 8.4 -4.9 11.1 -1.2 8.5 -2.3 11.6 4.5
Nifty FMCG -9.3 10 -0.7 14.5 2.2 3.3 12 -7 -3.4 3.8 9.4 -0.5 3.9 13.7 -1.1 10.4 -5.3 5.2 15.5
Nifty IT -18.5 15.6 35.2 21.6 6.6 12.8 20.1 10.5 -6.2 -23.3 13 6.1 0.3 3 7.5 11.7 -1.7 3.6 16
Nifty Media -42.3 29.2 15.2 6.5 -6.3 16.3 19 3.8 7.2 -20.3 7.9 -3.4 -14.7 2.6 30.1 5.3 -24.8 10.9 7.3
Nifty Metal -43.4 25.6 12.6 45.1 22.2 31.1 7.6 -1.6 16.3 -27.4 -2.4 16.6 -18.2 12.9 10.1 16.6 3.5 18.9 3.9
Nifty Commodities -33.1 24.6 8.8 22.2 17.7 14.9 10.9 -2.1 7.4 -16.2 4.2 6.9 -6.6 8.6 7.5 18.9 8 11.2 6
Nifty Realty -41.2 15.5 4.6 48.1 6.5 2.9 49.4 -5.8 -4.3 -16.9 -1 1.8 -10.3 34.2 10.7 36 15 22.7 -0.5
Nifty Pharma -10.7 39.1 17.9 9.7 -5 16.6 1.1 -1.7 -4.5 -10.5 10.4 -2.9 -4.6 14.6 12 9.1 12.9 3.9 18
Nifty Energy -30.1 29.4 4.4 12.6 7.5 9 15.3 -1 14.1 -2.8 5.5 1.1 -11.8 8.2 10.6 22.5 16.6 7.1 5.3
Note - Cells highlighted in green colour represents top 2 performers and the pink highlighted cells represent bottom 2 performers amongst the indices covered above for the respective quarter end periods.
Source: Bloomberg. Returns have been calculated on Absolute basis for respective quarter end periods beginning March 2020 until September 2024. The data provided above is for illustrative
purpose only and should not be construed as a promise on minimum returns and safeguard of capital. Mahindra Manulife Investment Management Company Private Limited/Mahindra Manulife
Mutual Fund is not guaranteeing or forecasting any returns. Past performance may or may not be sustained in future.

MARKET CAPITALIZATION - PERFORMANCE SNAPSHOT

107%
99%
76%

59%
57%
56%

56%
55%

47%

47%
46%
39%
37%

31%

30%
29%
28%

27%
24%

4%
22%
21%

20%
19%

19%
18%

18%

15%
12%

4%
7%

7%
7%

6%

3%
3%

2%
-4%

-4%
-5%
-8%

-10%

-14%
-15%
-25%

-29%
-31%
-34%
-52%
-59%
-71%

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2 0 2 3 CYTD 2024

Nifty 50 Nifty Midcap 100 Nifty Smallcap 100

Source: ICRA. Data period: January 1, 2008 till September 30, 2024. Returns are absolute returns (1 year) calculated as of the last business day of every calendrer year end.
The data provided above is for illustrative purpose only and should not be construed as a promise on minimum returns and safeguard of capital. Mahindra Manulife Investment
Management Private Limited/Mahindra Manulife Mutual Fund is not guaranteeing or forecasting any returns. Past performance may or may not be sustained in future.

FIXED INCOME OUTLOOK

BOND AND MONEY MARKET

Shown below is a matrix detailing some movement in some key market (Domestic and global) and key event:
Parameters 30-Sep-2024 30-Aug-2024 29-Sep-2023
RBI Repo Rate % 6.50 6.50 6.50
5Y AAA PSU % 7.37 7.50 7.69
1 year CD % 7.56 7.63 7.40
10Y Gsec % 6.75 6.87 7.22
CPI (%) 3.65 3.54 6.83
IIP (YoY) % 4.80 4.24 5.65
US 10Y % 3.78 3.90 4.57
Dollar Rupee 83.80 83.87 83.04
Source: Bloomberg; Data as on September 30, 2024
4
FIXED INCOME IN A GLANCE

The US Fed finally did bite the bullet. After around 15 hiatus months of no action and 11 rate hikes, the Fed lowered the Federal fund rates by
50 basis points (50 bps) to the range of 4.75% -5.00%. The Federal Reserve Chairman later in the press conference while alluding to a strong
and resilient US economy also referred that ‘the upside risks to inflation have diminished, and the downside risks to employment have increased”.
Source: Bloomberg/US Federal Reserve

The US Fed action was certainly a closely watched event. However, what was unanticipated was the stimulus action by China which also
grabbed the economic headlines. The Chinese central bank unveiled its biggest stimulus since the pandemic in an attempt to pull the nation
out of a possible deflation. The Central Banker cut the reserve requirement ratios (RRR) by 50 bps freeing up about USD 142 billion for
new lending. The seven-day repo rate was cut by 20 bps to 1.50% and announced support to the property markets that included a 50-bps
reduction on average interest rates for existing mortgages, and a cut in the minimum downpayment requirement to 15% on all types of homes.
Source: US Federal Reserve/PBOC

Domestically retail inflation was printed at a low of 3.65% with food inflation moderating to 5.66%.
The fixed income markets continued to remain benign in September. The benchmark US 10-year treasury eased by around 12 basis points (bps) to
close at 3.78 %. The benchmark namely India gilt yields also moderated by 12 bps to close at 6.75%. Domestic liquidity remained easy supporting
low money market rates.
Sount: US Federal Reserve

WHAT NEXT?
India’s core economy remains on track and markets keep recording newer highs driven by investment surge
by domestic investors.
 Core sector growth: First time in 42 months, the output of India’s eight key infrastructure industries contracted
by 1.8% in August. Contraction may be attributed to high base or monsoon impacting industrial activity.
 Goods and Services Tax Collections for September came at Rs 1.73 trillion, a 10% growth year-on-year.
 Nifty rallied by 2.3% for the month with Midcap & Smallcap trailing for the first time at 1.5% and Smallcap
showing a marginal decline of 0.7%. However, the wider NSE Smallcap 250 index was up 1.4%.
 Nifty Metals & Realty were the key outperforming indices for the month with NSEIT index posting a
negative return.
 Equity Mutual Fund Schemes see Rs 38000 crores of net flows for August with the shift happening towards Sectoral/Thematic funds (nearly
Rs 18000 Crores). Monthly gross Systematic Information Plan (SIP) continues to inch up. Smallcap & Midcap fund flows got higher flows at Rs
6200 Crores.
India’s fiscal deficit for the first five months of this fiscal year through August stood at Rs 4.35 lakh crore, or 27% of annual estimates vs 36%
reported in comparable period last year. Government spending pickup seems yet running lower versus estimates
Source: NSDL/Bloomberg

Market moves are a function of fundamentals, liquidity & sentiments. The Indian equity markets are rising on the back of fundamentals (expected
economic growth over next 3-5-7 years), liquidity (savings generated with nominal economic growth) and sentiment towards equities as an asset
class (a rare combination of some under-invested population as well as some leveraged investors).
In the short term, the economic indicators like core sector growth, GST, corporate commentary showing some softness in economic momentum.
India has been the most preferred country in the recent past, enjoying high valuations as China struggled to recover post Covid. However, as
government announced a big stimulus with a focus on reviving GDP growth, it could be possible that the global flows could move back to China. This
could cause volatility in the short term for Indian markets. Another concern area for Indian equity markets might be the transition to new norms
governing derivative segment. Regulator is working towards improving quality of participating investors (!) by raising bar on the size of minimum
market lot as well as strengthen market processes by raising margin requirements. Any sharp reduction in market volumes on the derivatives
segment could impact overall liquidity and sentiments.
For now, the rise in markets has created worries more on valuations front and less on India’s core economic fundamentals. On valuations front, we
believe that a few pockets/segments in equity markets have run up ahead of time, there exists few pockets of value for fresh investing.
Sentiments towards equity as an asset class may be a global phenomenon with equity markets in many countries trading at or around newer highs.
These sentiments remain dependent on global monetary policy actions as witnessed earlier during the month. Worries over Yen appreciation caused
a sharp downtick in global equities that was recovered fully as Bank of Japan stepped in to say, “the central bank would not hike interest rates when
markets are unstable”.
We believe asset allocation could be a key for investors in their journey of wealth creation. The allocation is applicable to both equity as an asset
class as well as choice of market capitalization within equities. From investors perspective, we believe as an aggregate large cap offers better
value and margin of safety as compared to micro caps, small caps & mid-caps. For now, the valuation favors large caps while sentiments, flows &
momentum favor others. Investors with near term objectives or low risk appetite, may opt to prefer Equity Hybrid Funds or multi asset allocation
funds. Investors with a longer-term horizon may continue to remain invested with fresh equity allocation towards large caps.
Source: Internal Research/RBI/Bloomberg

SUMMARISING OUR THOUGHTS

While the Monetary Policy Committee (MPC) has continued its monetary policy stance. With the US Fed
announcing its first cut, the MPC may possibly shift the stance to neutral as we go through the year. It seems
the MPC would still be in a wait and watch mode before initiating its first cut. The FPI flows in Government
of India securities post the induction of India bonds in the JP Morgan Bond Index continues to be robust.
While China announced a policy push for economy revival, it has flattered to deceive in the past. We would
be closely watching the commodity prices as a harbinger for the recovery in China.
With the escalation of the crisis in the Middle East and the bearing on crude prices, we would remain wary
about sustainable upward movements in crude. However, it may be believe that energy prices may not
escalate dramatically going ahead.

Our portfolio strategy across our duration-oriented funds tends to run in a similar vein a) Relatively heavy on duration (b) Bias towards Gilts which
is gradually shifting towards credits (c) A steepening of the Yield curve.
Source: Bloomberg, Data as on September 30, 2024

Disclaimer: The information contained herein is not for distribution and do not constitute an offer to buy or sell or solicitation of an offer to buy or sell any schemes/
Units of Mahindra Manulife Mutual Fund / securities in the United States of America (‘US’) and/or Canada or for the benefit of US Persons (being persons falling within the
Cno.02189

definition of the term “US Person” under the Securities Act of 1933 of the United States or as defined by the U.S. Commodity Futures Trading Commission, as amended)
or residents of Canada as defined under applicable laws of Canada.
5
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
 Equity & Fund of Fund Scheme Snapshot - Page 1 of 2 Contd...

Data as on 30th September - 2024

Scheme Name
Mahindra Manulife Mahindra Manulife Mahindra Manulife Mahindra Manulife Mahindra Manulife Mahindra Manulife
Multi Cap Fund ELSS Tax Saver Fund Mid Cap Fund Large Cap Fund Consumption Fund Large & Mid Cap Fund

Category Large &

Multi Cap Fund ELSS Mid Cap Fund Large Cap Fund Thematic
Mid Cap Fund

Inception Date May 11, 2017 October 18, 2016 January 30, 2018 March 15, 2019 November 13, 2018 December 30, 2019

Benchmark Nifty 500 Multicap 50:25:25 Nifty Large Midcap 250

Nifty 500 TRI Nifty Midcap 150 TRI Nifty 100 TRI Nifty India Consumption TRI
TRI TRI

Fund Manager Manish Lodha & Fatema Pacha & Abhinav Khandelwal & Fatema Pacha & Abhinav Khandelwal &
Manish Lodha &
Fatema Pacha Manish Lodha Manish Lodha Abhinav Khandelwal Fatema Pacha
Abhinav Khandelwal

AUM (` in cr.) 4,868.80 982.74 3,442.41 596.25 376.44 2,628.07

Total No of
Equity holdings
66 53 67 38 49 70

Top 5 Sectors Financial Services 20.28% Financial Services 28.27% Financial Services 17.93% Financial Services 29.89% Fast Moving
33.42% Financial Services 22.90%
Consumer Goods
(% to Net Assets) Information Technology 9.83% Information Technology 10.47% Capital Goods 11.06% Oil Gas & Consumable Fuels 12.42%
Consumer Services 19.89% Information Technology 10.34%
Oil Gas & Automobile and 10.87% Information Technology 11.03%
Capital Goods 9.51% Consumable Fuels 7.24% Auto Components Automobile and 18.99% Oil Gas &
Fast Moving 10.45% Auto Components Consumable Fuels 9.65%
Fast Moving Consumer Durables 6.84% Healthcare 10.37% Consumer Goods
9.06% Consumer Durables 9.46% Automobile and
Consumer Goods Fast Moving Information Technology 8.07%
Automobile and 6.61% 9.07%
6.79% Auto Components Auto Components
Consumer Services 8.44% Consumer Goods Telecommunication 5.48% Fast Moving 8.60%
Consumer Goods

Top 10 Equity Holdings

(% to Net Assets)
31% 45% 26% 51% 41% 30%

Market Cap (% to Equity Holdings)

3.57%
Small Cap 11.24% 16.73%
19.13%
Mid Cap 28.28% 10.16% 27.36%
Large Cap
16.76%
As per the latest Market Capitalisation 9.73% 35.48%
data provided by AMFI (In line with the
applicable SEBI guidelines) 25.73% 67.39%

86.27%
64.11% 62.91%
45.99% 47.79%

21.37%

Value of Rs. 10,000 invested

in scheme since 1 Year
14,586 13,180 15,377 13,481 14,928 13,853

Value of Rs. 10,000 invested in

benchmark since 1 Year
14,435 14,154 14,821 13,884 15,315 14,354

Past performance may or may not be sustained in future and should not be used as a basis of comparison with other investments. The performance details provided herein are of Growth Option under Regular Plan and based on standard
investment of Rs. 10,000 made since inception. Different Plans i.e Regular Plan and Direct Plan under the scheme have different expense structure. Please refer Pg. no 32 to 39 of Factsheet for complete details of Scheme performance as per
SEBI prescribed format.
 Equity & Fund of Fund Scheme Snapshot - Page 2 of 2

Data as on 30th September - 2024

Scheme Name Mahindra Manulife Mahindra Manulife Mahindra Manulife Mahindra Manulife Mahindra Manulife Mahindra Manulife
Focused Fund Flexi Cap Fund Small Cap Fund Business Cycle Fund Manufacturing Fund Asia Pacific REITs FOF
Category Focused Fund Flexi Cap Fund Small cap Fund Thematic Thematic FOF (Overseas)

Inception Date November 17, 2020 August 23, 2021 December 12, 2022 September 11, 2023 June 24, 2024 October 20, 2021

Benchmark FTSE EPRA Nareit Asia ex

Nifty 500 TRI Nifty 500 TRI BSE 250 Small Cap TRI NIFTY 500 TRI BSE India Manufacturing TRI
Japan REITs Index

Fund Manager Mr. Krishna Sanghavi, Mr.Renjith Sivaram,

Krishna Sanghavi & Fatema Pacha & Mr. Abhinav Khandelwal & Mr. Pranav Patel^ &
Mr. Renjith Sivaram & Mr. Manish Lodha &
Fatema Pacha Manish Lodha Mr. Manish Lodha Amit Garg
Mr. Pranav Patel^ Mr. Pranav Patel^

AUM (` in cr.) 1,850.46 1,519.59 5,478.45 1,199.71 946.10 21.10

Total No of
Equity holdings
30 57 80 62 56 1

Top 5 Sectors Financial Services 28.78% Financial Services 27.57% Capital Goods 15.55% Financial Services 21.82% Automobile and
Auto Components 23.94% International
(% to Net Assets) Oil Gas & Consumable Fuels 14.90% Information Technology 10.95% Financial Services 10.48% Oil Gas & Consumable Fuels 14.88% Capital Goods 19.22% Mutual Fund Units 97.00%

Fast Moving Information Technology

Consumer Goods 14.00% Consumer Durables 8.24% Healthcare 6.32% 9.39% Oil Gas & Consumable Fuels 12.94%
Fast Moving Fast Moving Fast Moving Cash & Other
Information Technology 9.28% 8.15% 6.01% 9.23% Fast Moving Consumer Goods 11.08% 3.00%
Consumer Goods Consumer Goods Consumer Goods Receivables
Construction Materials 5.57% Oil Gas & Consumable Fuels 7.36% Automobile and Metals & Mining 7.50% Chemicals 7.38%
5.05%
Auto Components

Top 10 Equity Holdings

(% to Net Assets) 53% 44% 25% 33% 30% 97%

Market Cap (% to Equity Holdings)

Small Cap 8.16%
5.85% 22.37%
Mid Cap 32.71% 35.91%
Large Cap
15.52%
As per the latest Market Capitalisation
data provided by AMFI (In line with the 78.32% 12.39% 7.83%
applicable SEBI guidelines)

85.99%

54.90% 56.26%
62.11%
12.08%
9.60%

Value of Rs. 10,000 invested in

scheme since 1 Year
14,871 13,627 15,954 16,002 N.A. 11,670

Value of Rs. 10,000 invested in

benchmark since 1 Year
14,154 14,154 14,926 14,154 N.A. 11,964

Past performance may or may not be sustained in future and should not be used as a basis of comparison with other investments. The performance details provided herein are of Growth Option under Regular Plan and based on standard
investment of Rs. 10,000 made since inception. Different Plans i.e Regular Plan and Direct Plan under the scheme have different expense structure. Please refer Pg. no 32 to 39 of Factsheet for complete details of Scheme performance as per
SEBI prescribed format. ^Dedicated Fund Manager for Overseas Investments.
 Mahindra Manulife
FACTSHEET
ELSS Tax Saver Fund
September 2024
(An open ended equity linked saving scheme
with a statutory lock in of 3 years and tax benefit)

Investment Objective Portfolio ( Top Ten Holdings - Issuer wise) as on September 30, 2024

The investment objective of the Scheme is to Company / Issuer % of Net Assets Company / Issuer % of Net Assets
generate long term capital appreciation through a
Automobile and Auto Components 6.53 Financial Services 28.27
diversified portfolio of equity and equity related
securities. The Scheme does not guarantee or Tata Motors Ltd. 1.62 HDFC Bank Ltd. 9.20
assure any returns. Maruti Suzuki India Ltd. 1.41 ICICI Bank Ltd. 7.59
UNO Minda Ltd. 1.35 State Bank of India 3.09
Fund Features Schaeffler India Ltd. 1.29 Axis Bank Ltd. 2.57
Samvardhana Motherson International Ltd. 0.86 IndusInd Bank Ltd. 1.53
Potential Capital Appreciation: Scheme invests in
a diversified equity portfolio thereby offering the Capital Goods 4.82 L&T Finance Ltd. 1.37
investor, possibility of growing their investments. Honeywell Automation India Ltd. 1.39 Multi Commodity Exchange of India Ltd. 1.06
Tax Benefit: Investments in this scheme are Graphite India Ltd. 1.16 Manappuram Finance Ltd. 1.01
entitled for tax deduction under section 80C. Finolex Industries Ltd. 0.88 The South Indian Bank Ltd. 0.84
Possibility of saving upto Rs. 51,480/-*. Jyoti CNC Automation Ltd 0.71 Healthcare 2.91
Lock-in Feature: This feature endeavors to CG Power and Industrial Solutions Ltd. 0.70 Alembic Pharmaceuticals Ltd. 1.23
protect your investments from impact of short Chemicals 2.38 Piramal Pharma Ltd. 0.93
term market volatility. Lock-in of only 3 years! Vinati Organics Ltd. 1.23 GlaxoSmithKline Pharmaceuticals Ltd. 0.75
Other traditional tax savings options may have Navin Fluorine International Ltd. 1.14 Information Technology 10.47
longer holding periods. Construction 5.32 Infosys Ltd. 6.03
*Assuming investor uses the entire ₹ 1.50 lac limit available under Larsen & Toubro Ltd. 3.84 Tata Consultancy Services Ltd. 2.85
Section 80C of the Income Tax Act 1961 for investing in Mahindra
Manulife ELSS Tax Saver Fund. The tax benefit is calculated on the Kalpataru Projects International Ltd. 1.48 Wipro Ltd. 1.46
basis of current applicable tax rates under the old regime, ignoring Construction Materials 3.18 LTIMindtree Ltd. 0.13
marginal relief on surcharge, if any, for net taxable income
between ₹ 50 lacs and ₹ 1 crore. The Finance Act 2020 has
Shree Cement Ltd. 2.02 Metals & Mining 0.88
introduced a new income tax regime at concessional tax rates for JK Cement Ltd. 1.16 Kirloskar Ferrous Industries Ltd. 0.88
individual taxpayers. However, the option for such concessional
Consumer Durables 6.84 Oil Gas & Consumable Fuels 7.24
tax regime requires the taxpayer to forego certain solicited
deductions including deduction u/s 80C of Income Tax Act. 1961. Voltas Ltd. 2.36 Reliance Industries Ltd. 4.99
Please consult your financial / tax advisor before investing. Asian Paints Ltd. 1.93 Hindustan Petroleum Corporation Ltd. 1.19
Crompton Greaves Consumer Electricals Ltd. 1.53 Oil & Natural Gas Corporation Ltd. 1.06
Fund Manager And Bata India Ltd. 1.03 Power 3.47
Experience
Consumer Services 4.85 NTPC Ltd. 1.98
Fund Manager: Ms. Fatema Pacha
Avenue Supermarts Ltd. 1.79 Power Grid Corporation of India Ltd. 1.49
Total Experience: 18 years
Info Edge (India) Ltd. 1.26 Services 0.93
Experience in managing this fund: 3 years and
11 months (managing since October 16, 2020) Restaurant Brands Asia Ltd. 1.07 Delhivery Ltd. 0.93
Arvind Fashions Ltd. 0.72 Textiles 2.16
Fund Manager: Mr. Manish Lodha
Total Experience: 23 years Fast Moving Consumer Goods 6.79 Page Industries Ltd. 1.31
Experience in managing this fund: 3 years and Hindustan Unilever Ltd. 2.89 Gokaldas Exports Ltd. 0.85
9 months (Managing since December 21, 2020) Britannia Industries Ltd. 1.87 Equity and Equity Related Total 97.04
Colgate Palmolive (India) Ltd. 1.22 Cash & Other Receivables 2.96
Portfolio Stats Gillette India Ltd. 0.81 Grand Total 100.00

Portfolio Turnover Ratio (Last one year): 0.79

Standard Deviation: 12.52%
Beta: 0.91
Sharpe Ratio#: 0.72 SECTOR ALLOCATION (%) MARKET CAPITALIZATION
Jenson’s Alpha: -0.1142 (% of Equity Holdings)
Financial Services 28.27
#Risk-free rate assumed to be 6.76% (MIBOR as on
30-09-24). Information Technology 10.47
Source: www.mmda.org Oil Gas & Consumable Fuels 7.24
Note: As per AMFI guidelines for factsheet, the ratios are Consumer Durables 6.84
calculated based on month rolling returns for last 3 years. Fast Moving Consumer Goods 6.79
Data as on September 30, 2024.
Automobile and Auto Components 6.53 64.11 - Large Cap
Construction 5.32
Scheme Details 16.76 - Mid Cap
Consumer Services 4.85
Date of allotment: October 18, 2016 Capital Goods 4.82
Benchmark: Nifty 500 TRI Power 3.47 19.13 - Small Cap
Option: IDCW (IDCW Option will have only Construction Materials 3.18
IDCW Payout facility) and Growth (D) D- Default Healthcare 2.91
Minimum Application Amount: Rs. 500 and in Chemicals 2.38
multiples of Rs. 500 thereafter Textiles 2.16 Data as on September 30, 2024
Minimum Additional Purchase Amount: Rs. 500 and Services 0.93
in multiples of Rs. 500 thereafter Metals & Mining 0.88 As per the latest Market Capitalisation data provided by AMFI
Minimum Repurchase Amount: Rs. 500 or 50 units Data as on September 30, 2024 (In line with the applicable SEBI guidelines)
or account balance, whichever is lower
Minimum Weekly & Monthly SIP Amount: Rs 500
and in multiples of Rs 500 thereafter
IDCW History
Minimum Weekly & Monthly SIP installments: 6
Minimum Quarterly SIP Amount: Rs 1,500 and IDCW Face Value Cum-IDCW NAV
Record Date Plan(s) / Option(s)
in multiples of Rs 500 thereafter (Rs. per unit) (Rs. per unit) (Rs. per unit)
Minimum Quarterly SIP installments: 4
17-Mar-22 Regular IDCW 1.00 10 14.8463
Monthly AAUM as on September 30, 2024
(Rs. in Cr.): 978.16 17-Mar-22 Direct IDCW 1.00 10 16.6096
Quarterly AAUM as on September 30, 2024 27-Feb-23 Regular IDCW 1.00 10 14.9950
(Rs. in Cr.): 959.54
27-Feb-23 Direct IDCW 1.00 10 17.1833
Monthly AUM as on September 30, 2024
(Rs. in Cr.): 982.74 14-Mar-24 Regular IDCW 1.00 10 18.2013
Total Expense Ratio1 Regular Plan: 2.14% 14-Mar-24 Direct IDCW 1.00 10 21.4077
as on Sep 30, 2024: Direct Plan: 0.56%
Load Structure: Pursuant to payment of IDCW, the NAV of the IDCW Option(s) of the Scheme/Plan(s) falls to the extent of payout and
Entry Load: N.A. statutory levy, if any. Past performance may or may not be sustained in future and should not be used as a basis for
Exit Load: Nil comparison with other investments.
For complete list of IDCWs, visit www.mahindramanulife.com.
1
Includes additional expenses charged in terms of Regulation 52(6A)(b) of SEBI (Mutual Funds) Regulations, 1996 and Goods and
Services Tax.
NAV as on Sep 30, 2024:
IDCW: Income Distribution cum Capital Withdrawal.
Regular Plan Direct Plan
NAV/Unit Note: The Finance Act 2020 has introduced a new income tax regime at concessional tax rates for individual taxpayers. However, the
(In Rs.) (In Rs.) option for such concessional tax regime requires the taxpayer to forego certain specified deductions including deduction u/s 80C of
IDCW 20.1844 24.1707 Income Tax Act, 1961
Please refer Page no. 29 for Product labelling and Benchmark Riskometer
Growth 29.3443 33.9941

6
 Mahindra Manulife
FACTSHEET
Multi Cap Fund
September 2024
(Multi Cap Fund- An open ended equity scheme
investing across large cap, mid cap, small cap stocks)

Investment Objective Portfolio ( Top Ten Holdings - Issuer wise) as on September 30, 2024
The investment objective of the Scheme is to Company / Issuer % of Net Assets Company / Issuer % of Net Assets
provide medium to long term capital appreciation
Automobile and Auto Components 5.91 Bandhan Bank Ltd. 1.29
through appropriate diversification and taking low
risk on business quality. The diversified portfolio Samvardhana Motherson International Ltd. 2.27 Cholamandalam Financial Holdings Ltd. 1.25
would predominantly consist of equity and equity Mahindra & Mahindra Ltd. 1.49 360 One WAM Ltd. 1.19
related securities including derivatives. However, Amara Raja Energy & Mobility Ltd 1.37 Manappuram Finance Ltd. 1.12
there can be no assurance that the investment TVS Motor Company Ltd. 0.79 Aadhar Housing Finance Ltd. 1.08
objective of the Scheme will be achieved.
Capital Goods 9.51 ICICI Lombard General Insurance Company Ltd. 1.00
PTC Industries Ltd. 2.09 HDFC Asset Management Company Ltd. 0.88
Fund Features Hitachi Energy India Ltd. 1.44 CRISIL Ltd. 0.77
Prudent portfolio of investments across Kaynes Technology India Ltd. 1.32 Max Financial Services Ltd. 0.44
companies and sectors. Cummins India Ltd. 1.20 Forest Materials 1.69
Actively managed by professional fund managers Voltamp Transformers Ltd. 0.97 Century Textiles & Industries Ltd. 1.69
for potential long term capital appreciation. Escorts Kubota Ltd. 0.95 Healthcare 4.44
Opportunity to participate in successful KEI Industries Ltd. 0.84 Aurobindo Pharma Ltd. 2.24
businesses through equity market.
Thejo Engineering Ltd. 0.70 Alkem Laboratories Ltd. 1.17
Chemicals 4.96 Divi's Laboratories Ltd. 1.02
Fund Manager and
PI Industries Ltd. 2.58 Information Technology 9.83
Experience
PCBL Ltd. 2.38 Tata Consultancy Services Ltd. 3.17
Fund Manager: Mr. Manish Lodha
Construction 1.59 Persistent Systems Ltd. 2.52
Total Experience: 23 years
Experience in managing this fund: 3 years and Kalpataru Projects International Ltd. 1.59 HCL Technologies Ltd. 1.91
9 months (Managing since December 21, 2020) Construction Materials 3.55 LTIMindtree Ltd. 1.50
Fund Manager: Ms. Fatema Pacha Grasim Industries Ltd. 2.02 Protean eGov Technologies Ltd. 0.42
Total Experience: 18 years ACC Ltd. 1.53 Wipro Ltd. 0.31
Experience in managing this fund: 3 years and Consumer Durables 1.82 Oil Gas & Consumable Fuels 7.96
11 months (managing since October 16, 2020) Havells India Ltd. 1.03 Reliance Industries Ltd. 4.09
Safari Industries (India) Ltd. 0.78 Oil & Natural Gas Corporation Ltd. 1.43
Portfolio Stats Consumer Services 8.44 Oil India Ltd. 1.26
Trent Ltd. 2.59 Hindustan Petroleum Corporation Ltd. 1.18
Portfolio Turnover Ratio (Last 1 year): 1.35
Zomato Ltd. 1.87 Power 2.85
Standard Deviation: 14.12%
The Indian Hotels Company Ltd. 1.35 NTPC Ltd. 1.87
Beta: 0.95
Arvind Fashions Ltd. 1.00 CESC Ltd. 0.99
Sharpe Ratio#: 1.01
Aditya Vision Ltd 0.97 Realty 0.52
Jenson’s Alpha : 0.0898
Samhi Hotels Ltd. 0.66 Anant Raj Ltd. 0.52
#Risk-free rate assumed to be 6.76% (MIBOR as on
30-09-24) Fast Moving Consumer Goods 9.06 Services 2.88
Source:www.mmda.org Hindustan Unilever Ltd. 3.06 InterGlobe Aviation Ltd. 1.90
Note: As per AMFI guidelines for factsheet, the ratios are ITC Ltd. 1.92 The Great Eastern Shipping Company Ltd. 0.98
calculated based on month rolling returns for last 3 years.
Marico Ltd. 1.86 Telecommunication 1.13
Data as on September 30, 2024
Balrampur Chini Mills Ltd. 1.20 Bharti Airtel Ltd. 1.13
Scheme Details Colgate Palmolive (India) Ltd. 0.63 Textiles 1.32
Sula Vineyards Ltd 0.39 Gokaldas Exports Ltd. 0.75
Date of allotment: May 11, 2017 Financial Services 20.28 Nitin Spinners Ltd. 0.57
Benchmark: Nifty 500 Multicap 50:25:25 TRI HDFC Bank Ltd. 5.60 Equity and Equity Related Total 97.73
Option: IDCW (IDCW Option will have IDCW Bajaj Finance Ltd. 1.99 Cash & Other Receivables 2.27
Reinvestment (D) & IDCW Payout facility) and Kotak Mahindra Bank Ltd. 1.98 Grand Total 100.00
Growth (D) D-Default Multi Commodity Exchange of India Ltd. 1.67
Minimum Application Amount: Rs. 1,000 and in
multiples of Re. 1/- thereafter SECTOR ALLOCATION (%) MARKET CAPITALIZATION
Minimum Additional Purchase Amount: Rs. 1,000 Financial Services 20.28 (% of Equity Holdings)
and in multiples of Re. 1/- thereafter Information Technology 9.83
Minimum Redemption / Switch-outs: Rs. 1,000/- or Capital Goods 9.51
100 units or account balance, whichever is lower Fast Moving Consumer Goods 9.06
Consumer Services 8.44
Minimum Weekly & Monthly SIP Amount: Rs 500 Oil Gas & Consumable Fuels 7.96
and in multiples of Re 1 thereafter Automobile and Auto Components 5.91 45.99 - Large Cap
Minimum Weekly & Monthly SIP Installments: 6 Chemicals 4.96
Minimum Quarterly SIP Amount: Rs 1,500 and in Healthcare 4.44 25.73 - Mid Cap
multiples of Re 1 thereafter Construction Materials 3.55
Services 2.88 28.28 - Small Cap
Minimum Quarterly SIP installments: 4 Power 2.85
Monthly AAUM as on September 30, 2024 Consumer Durables 1.82
(Rs. in Cr.): 4,778.15 Forest Materials 1.69
Construction 1.59
Quarterly AAUM as on September 30, 2024
Textiles 1.32 Data as on September 30, 2024
(Rs. in Cr.): 4,506.72
Telecommunication 1.13
Monthly AUM as on September 30, 2024 Realty 0.52 As per the latest Market Capitalisation data provided by AMFI
(Rs. in Cr.): 4,868.80
Data as on September 30, 2024 (In line with the applicable SEBI guidelines)
Total Expense Ratio 1
Regular Plan: 1.83%
as on Sep 30, 2024: Direct Plan: 0.41% IDCW HISTORY
Load Structure: IDCW Face Value Cum-IDCW NAV
Record Date Plan(s) / Option(s)
Entry Load: N.A. (Rs. per unit) (Rs. per unit) (Rs. per unit)
Exit Load: ● An Exit Load of 1% is payable if Units 17-Mar-22 Regular IDCW 1.50 10 17.9233
are redeemed / switched-out upto 3 months from
the date of allotment; 17-Mar-22 Direct IDCW 1.50 10 19.8577
● Nil if Units are redeemed / switched-out after 27-Feb-23 Regular IDCW 1.00 10 17.1815
3 months from the date of allotment. 27-Feb-23 Direct IDCW 1.00 10 19.5379
14-Mar-24 Regular IDCW 1.00 10 24.4659
14-Mar-24 Direct IDCW 1.00 10 28.4955
Pursuant to payment of IDCW, the NAV of the IDCW Option(s) of the Scheme/Plan(s) falls to the extent of payout and
statutory levy, if any. Past performance may or may not be sustained in future and should not be used as a basis for
NAV as on Sep 30, 2024: comparison with other investments.
Regular Plan Direct Plan For complete list of IDCWs, visit www.mahindramanulife.com.
NAV/Unit
(In Rs.) (In Rs.) 1
Includes additional expenses charged in terms of Regulation 52(6A)(b) and 52(6A)(c) of SEBI (Mutual Funds) Regulations, 1996
and Goods and Services Tax.
IDCW 28.0347 33.1340
IDCW: Income Distribution cum Capital Withdrawal
Growth 36.9255 42.3747 Please refer Page no. 29 for Product labelling and Benchmark Riskometer

7
 Mahindra Manulife
FACTSHEET
Mid Cap Fund
September 2024
(Mid Cap Fund – An open ended equity scheme
predominantly investing in mid cap stocks)

Investment Objective Portfolio ( Top Ten Holdings - Issuer wise) as on September 30, 2024
The investment objective of the Scheme is to seek Company / Issuer % of Net Assets Company / Issuer % of Net Assets
to generate long term capital appreciation & Automobile and Auto Components 10.87 Nippon Life India Asset Management Ltd. 1.94
provide long-term growth opportunities by Hero MotoCorp Ltd. 2.22 L&T Finance Ltd. 1.78
investing in a portfolio constituted of equity &
Samvardhana Motherson International Ltd. 2.03 Power Finance Corporation Ltd. 1.56
equity related securities and derivatives
predominantly in mid cap companies. However, Minda Corporation Ltd. 1.40 HDFC Bank Ltd. 1.51
there can be no assurance that the investment Schaeffler India Ltd. 1.34 REC Ltd. 1.28
objective of the Scheme will be achieved. Endurance Technologies Ltd. 1.15 The Federal Bank Ltd. 1.14
Bharat Forge Ltd. 0.97 LIC Housing Finance Ltd. 1.01
Fund Features UNO Minda Ltd. 0.96 CRISIL Ltd. 0.99
ZF Commercial Vehicle Control Systems India Ltd. 0.80 Punjab National Bank 0.95
Selection of focused sustainable businesses from Capital Goods 11.06 Bandhan Bank Ltd. 0.85
across sectors
CG Power and Industrial Solutions Ltd. 2.20 Forest Materials 0.94
Potential to generate higher risk adjusted returns Cummins India Ltd. 1.99 Century Textiles & Industries Ltd. 0.94
in the long term Suzlon Energy Ltd. 1.86 Healthcare 10.37
Active management of portfolio with primary Apar Industries Ltd. 1.63 Max Healthcare Institute Ltd. 2.86
investments in mid-caps KEI Industries Ltd. 1.00 Aurobindo Pharma Ltd. 2.33
Escorts Kubota Ltd. 0.99 Alkem Laboratories Ltd. 1.42
Fund Manager and Grindwell Norton Ltd. 0.80 Biocon Ltd. 1.32
Experience Lakshmi Machine Works Ltd. 0.56 Zydus Lifesciences Ltd. 1.24
Fund Manager : Mr. Abhinav Khandelwal Premier Energies Ltd. 0.03 Abbott India Ltd. 1.19
Total Experience: 14 years Chemicals 4.61 Information Technology 8.07
Experience in managing this fund: 2 years and Deepak Nitrite Ltd. 1.69 Persistent Systems Ltd. 3.52
8 months (Managing since February 1, 2022) Bayer Cropscience Ltd. 0.84 LTIMindtree Ltd. 2.71
Linde India Ltd. 0.74 Mphasis Ltd. 1.84
Fund Manager : Mr. Manish Lodha Aarti Industries Ltd. 0.68 Metals & Mining 4.73
Total Experience: 23 years Solar Industries India Ltd. 0.67 Jindal Steel & Power Ltd. 1.59
Experience in managing this fund: 3 years and Construction Materials 2.73 Steel Authority of India Ltd. 1.56
9 months (Managing since December 21, 2020) The Ramco Cements Ltd. 1.79 NMDC Ltd. 0.85
JK Cement Ltd. 0.94 Jindal Stainless Ltd. 0.73
Portfolio Stats Consumer Durables 2.17 Oil Gas & Consumable Fuels 4.63
Portfolio Turnover Ratio (Last 1 year): 0.77 Voltas Ltd. 1.13 Hindustan Petroleum Corporation Ltd. 1.98
Standard Deviation: 15.00% Dixon Technologies (India) Ltd. 1.04 Petronet LNG Ltd. 1.64
Beta: 0.95 Consumer Services 4.15 Oil India Ltd. 1.01
Zomato Ltd. 2.54 Power 1.48
Sharpe Ratio#: 1.24
Aditya Birla Fashion and Retail Ltd. 1.22 Torrent Power Ltd. 1.48
Jenson’s Alpha : 0.1115
Vedant Fashions Ltd. 0.39 Realty 1.37
#Risk-free rate assumed to be 6.76% (MIBOR as on
Diversified 2.30 Anant Raj Ltd. 1.37
30-09-24)
Source:www.mmda.org
Godrej Industries Ltd. 2.30 Telecommunication 3.28
Note: As per AMFI guidelines for factsheet, the ratios are Fast Moving Consumer Goods 4.14 Bharti Hexacom Ltd. 1.68
calculated based on month rolling returns for last 3 years. Colgate Palmolive (India) Ltd. 1.99 Indus Towers Ltd. 1.61
Data as on September 30, 2024 Marico Ltd. 1.31 Textiles 1.37
Emami Ltd. 0.84 Page Industries Ltd. 1.37
Scheme Details Financial Services 17.93 Equity and Equity Related Total 96.21
State Bank of India 2.93 Cash & Other Receivables 3.79
Date of allotment: January 30, 2018 Indian Bank 1.98 Grand Total 100.00
Benchmark: Nifty Midcap 150 TRI
Option: IDCW (IDCW Option will have IDCW
Reinvestment (D) & IDCW Payout facility) and
SECTOR ALLOCATION (%) MARKET CAPITALIZATION
Growth (D) D-Default
Financial Services 17.93 (% of Equity Holdings)
Minimum Application Amount: Rs. 1,000/- and in
multiples of Re. 1/- thereafter Capital Goods 11.06
Automobile and Auto Components 10.87
Minimum Additional Purchase Amount: Rs. 1,000/-
Healthcare 10.37
and in multiples of Re. 1/- thereafter
Information Technology 8.07
Minimum Repurchase Amount: Rs. 1,000/- or 100 Metals & Mining 4.73
units or account balance, whichever is lower Oil Gas & Consumable Fuels 4.63 21.37 - Large Cap
Minimum Weekly & Monthly SIP Amount: Rs 500 Chemicals 4.61
and in multiples of Re 1 thereafter Consumer Services 4.15 67.39 - Mid Cap
Minimum Weekly & Monthly SIP Installments: 6 Fast Moving Consumer Goods 4.14
Telecommunication 3.28 11.24 - Small Cap
Minimum Quarterly SIP Amount: Rs 1,500 and in
multiples of Re 1 thereafter Construction Materials 2.73
Diversified 2.30
Minimum Quarterly SIP installments: 4
Consumer Durables 2.17
Monthly AAUM as on September 30, 2024 Power 1.48
(Rs. in Cr.): 3,372.64 Realty 1.37 Data as on September 30, 2024
Quarterly AAUM as on September 30, 2024 Textiles 1.37
(Rs. in Cr.): 3,187.85 Forest Materials 0.94 As per the latest Market Capitalisation data provided by AMFI
Monthly AUM as on September 30, 2024 (In line with the applicable SEBI guidelines)
Data as on September 30, 2024
(Rs. in Cr.): 3,442.41
Total Expense Ratio1 Regular Plan: 1.88% IDCW HISTORY
as on Sep 30, 2024: Direct Plan: 0.44%
IDCW Face Value Cum-IDCW NAV
Load Structure: Record Date Plan(s) / Option(s)
Entry Load: N.A.
(Rs. per unit) (Rs. per unit) (Rs. per unit)
Exit Load:- ● An Exit Load of 1% is payable if 17-Mar-22 Regular IDCW 1.00 10 15.8458
Units are redeemed / switched-out upto 3 17-Mar-22 Direct IDCW 1.00 10 17.0649
months from the date of allotment;
27-Feb-23 Regular IDCW 1.00 10 15.9686
● Nil if Units are redeemed / switched-out after 3
27-Feb-23 Direct IDCW 1.00 10 17.5623
months from the date of allotment.
14-Mar-24 Regular IDCW 1.00 10 23.7599
14-Mar-24 Direct IDCW 1.00 10 26.7130

Pursuant to payment of IDCW, the NAV of the IDCW Option(s) of the Scheme/Plan(s) falls to the extent of payout and statutory levy, if
any. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.
NAV as on Sep 30, 2024: For complete list of IDCWs, visit www.mahindramanulife.com.
Regular Plan Direct Plan
1
Includes additional expenses charged in terms of Regulation 52(6A)(b) and 52(6A)(c) of SEBI (Mutual Funds) Regulations, 1996 and Goods
NAV/Unit and Services Tax.
(In Rs.) (In Rs.)
IDCW: Income Distribution cum Capital Withdrawal
IDCW 28.7734 32.7887
Please refer Page no. 29 for Product labelling and Benchmark Riskometer
Growth 35.3083 39.5094

8
 Mahindra Manulife
FACTSHEET
Consumption Fund
September 2024
(An open ended equity scheme following Consumption theme)

Low
Investment Objective PORTFOLIO ( Top Ten Holdings - Issuer wise) as on September 30, 2024
The investment objective of the Scheme is to Company / Issuer % of Net Company / Issuer % of Net
generate long term capital appreciation by Assets Assets
investing in a portfolio of companies that are likely Automobile and Auto Components 18.99 Varun Beverages Ltd. 1.72
to benefit from consumption led demand in India.
Mahindra & Mahindra Ltd. 6.25 Colgate Palmolive (India) Ltd. 1.67
However, there can be no assurance that the
investment objective of the Scheme will be Maruti Suzuki India Ltd. 3.16 Jyothy Labs Ltd. 1.65
achieved. Hero MotoCorp Ltd. 3.11 Dabur India Ltd. 1.64
TVS Motor Company Ltd. 1.86 United Spirits Ltd. 1.63
CEAT Ltd. 1.68 Mrs. Bectors Food Specialities Ltd. 1.62
Fund Features Amara Raja Energy & Mobility Ltd 1.52 Emami Ltd. 1.47
Invests in segments with strongest contribution Tata Motors Ltd. 1.38 Doms Industries Ltd. 1.43
potential to India’s growing GDP
LG Balakrishnan & Bros Ltd. 0.03 Godrej Consumer Products Ltd. 1.29
Focuses on segments largely insulated from
Consumer Durables 9.46 Gillette India Ltd. 0.93
global volatility
Havells India Ltd. 2.67 Nestle India Ltd. 0.86
Participating in India’s Consumption Growth
Theme Asian Paints Ltd. 2.56 Tata Consumer Products Ltd. 0.77
Blue Star Ltd. 1.81 Forest Materials 1.89
Fund Manager and Bata India Ltd. 1.30 Century Textiles & Industries Ltd. 1.89
Experience Greenply Industries Ltd. 1.11 Healthcare 1.18
Fund Manager: Mr. Abhinav Khandelwal Max Healthcare Institute Ltd. 1.18
Consumer Services 19.89
Total Experience: 14 years
Experience in managing this fund: 2 years and Zomato Ltd. 3.68 Media, Entertainment & Publication 0.50
6 months (Managing since April 1, 2022) Trent Ltd. 3.62 D.B.Corp Ltd. 0.50
Fund Manager: Ms. Fatema Pacha Aditya Vision Ltd 2.11 Power 2.53
Total Experience: 18 years Avenue Supermarts Ltd. 1.92 Tata Power Company Ltd. 2.53
Experience in managing this fund: 3 years and
FSN E-Commerce Ventures Ltd. 1.61 Realty 0.57
9 months (Managing since December 21, 2020)
Aditya Birla Fashion and Retail Ltd. 1.39 DLF Ltd. 0.57
Restaurant Brands Asia Ltd. 1.34 Telecommunication 5.48
Portfolio Stats Chalet Hotels Ltd. 1.31 Bharti Airtel Ltd. 3.68
Portfolio Turnover Ratio (Last 1 year): 0.62 Info Edge (India) Ltd. 1.16 Bharti Hexacom Ltd. 0.92
Standard Deviation: 11.89% Devyani International Ltd. 0.93 Indus Towers Ltd. 0.89
Beta: 0.80 Thomas Cook (India) Ltd. 0.81 Textiles 0.95
Sharpe Ratio#: 1.23 Fast Moving Consumer Goods 33.42 Kewal Kiran Clothing Ltd. 0.95
Jenson’s Alpha : 0.2240 Equity and Equity Related Total 94.87
Hindustan Unilever Ltd. 6.92
#Risk-free rate assumed to be 6.76% (MIBOR as on
30-09-24) ITC Ltd. 5.51 Cash & Other Receivables 5.13
Source:www.mmda.org Britannia Industries Ltd. 2.36 Grand Total 100.00
Note: As per AMFI guidelines for factsheet, the ratios are
Balrampur Chini Mills Ltd. 1.98
calculated based on month rolling returns for last 3 years.
Data as on September 30, 2024

Scheme Details SECTOR ALLOCATION (%) THEME BASED SECTOR

Date of allotment: November 13, 2018 ALLOCATION*
Benchmark: Nifty India Consumption TRI Fast Moving Consumer Goods 33.42 (% of Equity Holdings)
Option: IDCW (IDCW Option will have IDCW Consumer Services 19.89
Reinvestment (D) & IDCW Payout facility)
and Growth (D) D-Default Automobile and Auto Components 18.99
Minimum Application Amount: Rs. 1,000 and in Consumer Durables 9.46
multiples of Re. 1/- thereafter 80.13 - Consumption
Telecommunication 5.48
Minimum Additional Purchase Amount: Rs. 1,000
and in multiples of Re. 1/- thereafter Power 2.53 15.39 - Auxilliary Rural and
Minimum Weekly & Monthly SIP Amount: Rs 500 Consumption Sectors
Forest Materials 1.89
and in multiples of Re 1 thereafter
Healthcare 1.18 4.48 - Rural Infrastructure
Minimum Weekly & Monthly SIP installments: 6
Minimum Quarterly SIP Amount: Rs 1,500 Textiles 0.95
and in multiples of Re 1 thereafter
Realty 0.57
Minimum Quarterly SIP installments: 4
Minimum Amount for Switch in: Rs. 1,000/- Media, Entertainment & Publication 0.50
and in multiples of Re. 0.01/- thereafter.
Minimum Amount for Redemption / Switch-outs: Data as on September 30, 2024 *Investible sector as per SID
Rs. 1,000/- or 100 units or account balance,
whichever is lower in respect of each Option. Data as on September 30, 2024
Monthly AAUM as on September 30, 2024
(Rs. in Cr.): 352.49
IDCW HISTORY
Quarterly AAUM as on September 30, 2024
(Rs. in Cr.): 301.63 IDCW Face Value Cum-IDCW NAV
Record Date Plan(s) / Option(s)
Monthly AUM as on September 30, 2024 (Rs. per unit) (Rs. per unit) (Rs. per unit)
(Rs. in Cr.): 376.44
17-Mar-22 Regular IDCW 1.00 10 13.1211
Total Expense Ratio1 Regular Plan: 2.37%
17-Mar-22 Direct IDCW 1.00 10 13.9060
as on Sep 30, 2024: Direct Plan: 0.66%
27-Feb-23 Regular IDCW 1.00 10 13.3749
Load Structure:
27-Feb-23 Direct IDCW 1.00 10 14.4631
Entry Load: N.A.
14-Mar-24 Regular IDCW 1.00 10 16.9634
Exit Load: ● An Exit Load of 1% is payable if
Units are redeemed / switched-out upto 3 14-Mar-24 Direct IDCW 1.00 10 18.7727
months from the date of allotment;
● Nil if Units are redeemed / switched-out Pursuant to payment of IDCW, the NAV of the IDCW Option(s) of the Scheme/Plan(s) falls to the extent of payout and
after 3 months from the date of allotment. statutory levy, if any. Past performance may or may not be sustained in future and should not be used as a basis for
comparison with other investments.
For complete list of IDCWs, visit www.mahindramanulife.com.
NAV as on Sep 30, 2024: 1
Includes additional expenses charged in terms of Regulation 52(6A)(b) and 52(6A)(c) of SEBI (Mutual Funds) Regulations, 1996
Regular Plan Direct Plan and Goods and Services Tax.
NAV/Unit
(In Rs.) (In Rs.) IDCW: Income Distribution cum Capital Withdrawal
IDCW 20.3477 22.8783 Please refer Page no. 29 for Product labelling and Benchmark Riskometer
Growth 25.3032 27.9739

9
 Mahindra Manulife
FACTSHEET
Large Cap Fund
September 2024
(Large Cap Fund - An open ended equity scheme
predominantly investing in large cap stocks)

Investment Objective Portfolio ( Top Ten Holdings - Issuer wise) as on September 30, 2024
The investment objective of the Scheme is to Company / Issuer % of Net Assets Company / Issuer % of Net Assets
provide long term capital appreciation & provide
long-term growth opportunities by investing in a Automobile and Auto Components 6.61 HDFC Bank Ltd. 9.04
portfolio constituted of equity & equity related Maruti Suzuki India Ltd. 1.78 ICICI Bank Ltd. 6.74
securities and derivatives predominantly in large Tata Motors Ltd. 1.72 State Bank of India 3.78
cap companies. However, there can be no
Samvardhana Motherson International Ltd. 1.68 Axis Bank Ltd. 3.45
assurance that the investment objective of the
Scheme will be achieved. Eicher Motors Ltd. 1.43 Shriram Finance Ltd. 2.86
Capital Goods 1.00 ICICI Prudential Life Insurance Company Ltd. 1.82
Fund Features Honeywell Automation India Ltd. 1.00 IndusInd Bank Ltd. 1.18
Chemicals 1.46 Karur Vysya Bank Ltd. 1.03
Agile quality portfolio from India’s Big 100
Companies* SRF Ltd. 1.46 Healthcare 3.06
Exposure to the more stable half of the market Construction 4.73 Abbott India Ltd. 2.05
High conviction bottom up stock picking with a Larsen & Toubro Ltd. 4.73 Divi's Laboratories Ltd. 1.00
focus on alpha generation Construction Materials 3.00 Information Technology 11.03
*In terms of Full Market Capitalisation. Grasim Industries Ltd. 2.06 Infosys Ltd. 5.71
JK Cement Ltd. 0.93 Tata Consultancy Services Ltd. 3.94
Fund Manager and Consumer Durables 2.94 Tech Mahindra Ltd. 1.38
Experience Havells India Ltd. 2.94 Oil Gas & Consumable Fuels 12.42
Fund Manager: Ms. Fatema Pacha Consumer Services 4.70 Reliance Industries Ltd. 7.41
Total Experience: 18 years Avenue Supermarts Ltd. 2.22 GAIL (India) Ltd. 1.88
Experience in managing this fund: 3 years and FSN E-Commerce Ventures Ltd. 1.18 Bharat Petroleum Corporation Ltd. 1.63
9 months (Managing since December 21, 2020)
Devyani International Ltd. 0.74 Oil & Natural Gas Corporation Ltd. 1.50
Fund Manager: Mr. Abhinav Khandelwal
Zomato Ltd. 0.55 Power 2.73
Total Experience: 14 years
Experience in managing this fund: 2 years and Fast Moving Consumer Goods 10.45 Power Grid Corporation of India Ltd. 2.73
7 months (Managing since March 1, 2022) ITC Ltd. 3.47 Textiles 1.22
Hindustan Unilever Ltd. 2.28 Page Industries Ltd. 1.22
Portfolio Stats Dabur India Ltd. 1.95 Equity and Equity Related Total 95.24
Portfolio Turnover Ratio (Last one year): 0.84 Balrampur Chini Mills Ltd. 1.63 Cash & Other Receivables 4.76
Standard Deviation: 12.15% Nestle India Ltd. 1.12 Grand Total 100.00
Beta: 0.91 Financial Services 29.89
Sharpe Ratio#: 0.66
Jenson’s Alpha : -0.0192
#
Risk-free rate assumed to be 6.76% (MIBOR as on
30-09-24)
Source: www.mmda.org
Note: As per AMFI guidelines for factsheet, the ratios are
calculated based on month rolling returns for last 3 years.
Data as on September 30, 2024

Scheme Details SECTOR ALLOCATION (%) MARKET CAPITALIZATION

Date of allotment: March 15, 2019 Financial Services 29.89 (% of Equity Holdings)
Benchmark: Nifty 100 TRI Oil Gas & Consumable Fuels 12.42
Option: IDCW (IDCW Option will have IDCW Information Technology 11.03
Reinvestment (D) & IDCW Payout facility) and Fast Moving Consumer Goods 10.45
Growth (D) D-Default Automobile and Auto Components 6.61 86.27 - Large Cap
Minimum Application Amount: Rs. 1,000 and in Construction 4.73
multiples of Re. 1/- thereafter
Consumer Services 4.70 10.16 - Mid Cap
Minimum Additional Purchase Amount: Rs. 1,000
and in multiples of Re. 1/- thereafter Healthcare 3.06
Construction Materials 3.00 3.57 - Small Cap
Minimum Weekly & Monthly SIP Amount: Rs 500
and in multiples of Re 1 thereafter Consumer Durables 2.94
Minimum Weekly & Monthly SIP installments: 6 Power 2.73
Minimum Quarterly SIP Amount: Rs 1,500 and Chemicals 1.46
in multiples of Re 1 thereafter Textiles 1.22 Data as on September 30, 2024
Minimum Quarterly SIP installments: 4 Capital Goods 1.00
Minimum Amount for Switch in: Rs. 1,000/- As per the latest Market Capitalisation data provided by AMFI
and in multiples of Re. 0.01/- thereafter. Data as on September 30, 2024 (In line with the applicable SEBI guidelines)

Minimum Amount for Redemption / Switch-outs:

Rs. 1,000/- or 100 units or account balance,
whichever is lower in respect of each Option.
Monthly AAUM as on September 30, 2024
(Rs. in Cr.): 586.09 IDCW HISTORY
Quarterly AAUM as on September 30, 2024
IDCW Face Value Cum-IDCW NAV
(Rs. in Cr.): 559.51 Record Date Plan(s) / Option(s)
Monthly AUM as on September 30, 2024 (Rs. per unit) (Rs. per unit) (Rs. per unit)
(Rs. in Cr.): 596.25 17-Mar-22 Regular IDCW 1.00 10 14.2722
Total Expense Ratio1 Regular Plan: 2.34% 17-Mar-22 Direct IDCW 1.00 10 15.1213
as on Sep 30, 2024: Direct Plan: 0.66% 27-Feb-23 Regular IDCW 1.00 10 14.0070
Load Structure: 27-Feb-23 Direct IDCW 1.00 10 15.1798
Entry Load: N.A. 14-Mar-24 Regular IDCW 1.00 10 17.0939
Exit Load: ● An Exit Load of 1% is payable if Units
are redeemed / switched-out upto 3 months from 14-Mar-24 Direct IDCW 1.00 10 18.9682
the date of allotment;
● Nil if Units are redeemed / switched-out after 3 Pursuant to payment of IDCW, the NAV of the IDCW Option(s) of the Scheme/Plan(s) falls to the extent of payout and
months from the date of allotment. statutory levy, if any. Past performance may or may not be sustained in future and should not be used as a basis for
comparison with other investments.
For complete list of IDCWs, visit www.mahindramanulife.com.
NAV as on Sep 30, 2024: 1
Includes additional expenses charged in terms of Regulation 52(6A)(b) and 52(6A)(c) of SEBI (Mutual Funds) Regulations,
Regular Plan Direct Plan 1996 and Goods and Services Tax.
NAV/Unit
(In Rs.) (In Rs.)
IDCW: Income Distribution cum Capital Withdrawal
IDCW 18.7516 21.1396
Please refer Page no. 29 for Product labelling and Benchmark Riskometer
Growth 23.8482 26.4020

10
 Mahindra Manulife
FACTSHEET
Large & Mid Cap Fund
September 2024
(Large & Mid Cap Fund - An open ended equity scheme
investing in both large cap and mid cap stocks)

Investment Objective Portfolio ( Top Ten Holdings - Issuer wise) as on September 30, 2024

The investment objective of the Scheme is to seek Company / Issuer % of Net Assets Company / Issuer % of Net Assets
long term capital growth through investments in Automobile and Auto Components 9.07 Max Financial Services Ltd. 1.31
equity and equity related securities of both large Samvardhana Motherson International Ltd. 2.35 Bandhan Bank Ltd. 1.16
cap and mid cap stocks. However, there can be no
Bharat Forge Ltd. 2.21 LIC Housing Finance Ltd. 1.13
assurance that the investment objective of the
Scheme will be achieved. Mahindra & Mahindra Ltd. 1.59 Central Depository Services (India) Ltd. 1.09
Exide Industries Ltd. 0.91 HDFC Asset Management Company Ltd. 1.03
Amara Raja Energy & Mobility Ltd 0.83 CRISIL Ltd. 1.02
Fund Features TVS Motor Company Ltd. 0.73 The Federal Bank Ltd. 0.88
Rule based diversification for optimum LG Balakrishnan & Bros Ltd. 0.45 Cholamandalam Financial Holdings Ltd. 0.84
performance in changing market cycles Capital Goods 5.85 ICICI Bank Ltd. 0.44
Aim to provide stability of large caps and growth CG Power and Industrial Solutions Ltd. 1.30 Forest Materials 0.88
of mid caps Honeywell Automation India Ltd. 1.11 JK Paper Ltd. 0.88
Active stock selection through internal process PTC Industries Ltd. 0.82 Healthcare 6.63
framework for better return potential Escorts Kubota Ltd. 0.73 Aurobindo Pharma Ltd. 1.85
Technocraft Industries (India) Ltd. 0.66 Neuland Laboratories Ltd. 1.27
Fund Manager and Kaynes Technology India Ltd. 0.48 Divi's Laboratories Ltd. 1.22
Jyoti CNC Automation Ltd 0.42 Alkem Laboratories Ltd. 1.18
Experience
Suzlon Energy Ltd. 0.33 Emcure Pharmaceuticals Ltd. 0.75
Fund Manager: Mr. Manish Lodha Chemicals 5.11 Mankind Pharma Ltd. 0.35
Total Experience: 23 years PI Industries Ltd. 2.71 Information Technology 10.34
Experience in managing this fund: 3 years and Tata Consultancy Services Ltd. 2.65
PCBL Ltd. 1.96
9 months (Managing since December 21, 2020)
Bayer Cropscience Ltd. 0.44 Persistent Systems Ltd. 2.61
Fund Manager: Mr. Abhinav Khandelwal Construction 0.19 LTIMindtree Ltd. 2.14
Total Experience: 14 years
Kalpataru Projects International Ltd. 0.19 HCL Technologies Ltd. 1.97
Experience in managing this fund: 2 years and
Construction Materials 3.19 L&T Technology Services Ltd. 0.97
8 months (Managing since February 1, 2022)
Grasim Industries Ltd. 1.72 Oil Gas & Consumable Fuels 9.65
ACC Ltd. 1.46 Reliance Industries Ltd. 4.25
Portfolio Stats Consumer Durables 1.00 Bharat Petroleum Corporation Ltd. 1.52
Bata India Ltd. 1.00 Oil & Natural Gas Corporation Ltd. 1.52
Portfolio Turnover Ratio (Last one year): 1.55 Consumer Services 6.28 Oil India Ltd. 1.25
Standard Deviation: 13.10% Trent Ltd. 2.46 GAIL (India) Ltd. 1.12
Beta: 0.91 Zomato Ltd. 2.25 Power 3.68
Sharpe Ratio#: 0.91 The Indian Hotels Company Ltd. 1.57 NTPC Ltd. 1.24
Jenson’s Alpha : -0.0418 Fast Moving Consumer Goods 8.60 Torrent Power Ltd. 1.22
#
Risk-free rate assumed to be 6.76% (MIBOR as on
Hindustan Unilever Ltd. 3.04 NLC India Ltd. 1.21
30-09-24)
Source: www.mmda.org ITC Ltd. 1.95 Services 3.00
Note: As per AMFI guidelines for factsheet, the ratios are Colgate Palmolive (India) Ltd. 1.69 InterGlobe Aviation Ltd. 1.97
calculated based on month rolling returns for last 3 years. United Spirits Ltd. 1.25 The Great Eastern Shipping Company Ltd. 1.03
Data as on September 30, 2024 Balrampur Chini Mills Ltd. 0.67 Telecommunication 1.26
Financial Services 22.90 Bharti Hexacom Ltd. 1.24
HDFC Bank Ltd. 5.46 Bharti Airtel Ltd. 0.02
Scheme Details Bajaj Finance Ltd. 1.98 Utilities 0.98
Kotak Mahindra Bank Ltd. 1.94 Inox Green Energy Services Ltd. 0.98
Date of allotment: December 30, 2019 Multi Commodity Exchange of India Ltd. 1.74 Equity and Equity Related Total 98.58
Benchmark: NIFTY Large Midcap 250 TRI ICICI Lombard General Insurance Company Ltd. 1.49 Cash & Other Receivables 1.42
Option: IDCW (IDCW Option will have IDCW L&T Finance Ltd. 1.40 Grand Total 100.00
Reinvestment (D) & IDCW Payout facility)
and Growth (D) D-Default SECTOR ALLOCATION (%) MARKET CAPITALIZATION
Minimum Application Amount: Rs. 1,000/- (% of Equity Holdings)
and in multiples of Re.1/- thereafter Financial Services 22.90
Information Technology 10.34
Minimum Redemption/Switch-Out Amount: Oil Gas & Consumable Fuels 9.65
Rs. 1,000/- or 100 units or account balance, Automobile and Auto Components 9.07
whichever is lower Fast Moving Consumer Goods 8.60
Healthcare 6.63 47.79 - Large Cap
Minimum Weekly & Monthly SIP Amount:
Consumer Services 6.28
Rs 500 and in multiples of Re 1 thereafter Capital Goods 5.85 35.48 - Mid Cap
Minimum Weekly & Monthly SIP Installments: 6 Chemicals 5.11
Power 3.68
Minimum Quarterly SIP Amount: Rs 1,500 and Construction Materials 3.19 16.73 - Small Cap
in multiples of Re 1 thereafter Services 3.00
Minimum Quarterly SIP installments: 4 Telecommunication 1.26
Consumer Durables 1.00
Monthly AAUM as on September 30, 2024 Utilities 0.98
(Rs. in Cr.): 2,594.16 Forest Materials 0.88 Data as on September 30, 2024

Quarterly AAUM as on September 30, 2024 Construction 0.19

As per the latest Market Capitalisation data provided by AMFI
(Rs. in Cr.): 2,509.49
Data as on September 30, 2024 (In line with the applicable SEBI guidelines)
Monthly AUM as on September 30, 2024
(Rs. in Cr.): 2,628.07
IDCW HISTORY
Total Expense Ratio1 Regular Plan: 1.93%
IDCW Face Value Cum-IDCW NAV
as on Sep 30, 2024: Direct Plan: 0.41% Record Date Plan(s) / Option(s)
Load Structure: (Rs. per unit) (Rs. per unit) (Rs. per unit)
Entry Load: N.A. 17-Mar-22 Regular IDCW 1.00 10 15.6623
Exit Load: ● An Exit Load of 1% is payable if Units 17-Mar-22 Direct IDCW 1.00 10 16.3373
are redeemed / switched-out upto 3 months from
27-Feb-23 Regular IDCW 1.00 10 15.2452
the date of allotment;
● Nil if Units are redeemed / switched-out after 3 27-Feb-23 Direct IDCW 1.00 10 16.2458
months from the date of allotment. 14-Mar-24 Regular IDCW 1.00 10 21.3916
14-Mar-24 Direct IDCW 1.00 10 23.2934
Pursuant to payment of IDCW, the NAV of the IDCW Option(s) of the Scheme/Plan(s) falls to the extent of payout and
statutory levy, if any. Past performance may or may not be sustained in future and should not be used as a basis for
comparison with other investments.
NAV as on Sep 30, 2024:
For complete list of IDCWs, visit www.mahindramanulife.com.
Regular Plan Direct Plan
NAV/Unit 1
Includes additional expenses charged in terms of Regulation 52(6A)(b) and 52(6A)(c) of SEBI (Mutual Funds) Regulations,
(In Rs.) (In Rs.)
1996 and Goods and Services Tax.
IDCW 22.9584 25.3279 IDCW: Income Distribution cum Capital Withdrawal
Growth 28.4823 31.0155 Please refer Page no. 29 for Product labelling and Benchmark Riskometer

11
 Mahindra Manulife
FACTSHEET
Focused Fund
September 2024
(An open ended equity scheme investing in maximum
30 stocks across market caps (i.e Multi Cap))

Investment Objective Portfolio ( Top Ten Holdings - Issuer wise) as on September 30, 2024
The investment objective of the scheme is to Company / Issuer % of Net Assets Company / Issuer % of Net Assets
generate long term capital appreciation by Automobile and Auto Components 5.02 Century Textiles & Industries Ltd. 2.06
investing in a concentrated portfolio of equity &
equity related instruments of maximum 30 Maruti Suzuki India Ltd. 3.08 Healthcare 5.12
companies across market capitalisation. However, Hero MotoCorp Ltd. 1.94 Sun Pharmaceutical Industries Ltd. 3.12
there can be no assurance that the investment
Capital Goods 1.19 Biocon Ltd. 1.99
objective of the Scheme will be achieved.
Kirloskar Oil Engines Ltd. 1.19 Information Technology 9.28
Construction Materials 5.57 Infosys Ltd. 4.98
Fund Features Grasim Industries Ltd. 3.98 HCL Technologies Ltd. 2.17
Selection of the next potential winners through The Ramco Cements Ltd. 1.59 Tech Mahindra Ltd. 2.13
the GCMV process#
Consumer Services 1.18 Metals & Mining 3.90
High conviction focused portfolio with strong risk
management processes Thomas Cook (India) Ltd. 1.18 Jindal Steel & Power Ltd. 1.96
Potential to generate relatively better risk Fast Moving Consumer Goods 14.00 Hindalco Industries Ltd. 1.94
adjusted returns ITC Ltd. 5.32 Oil Gas & Consumable Fuels 14.90
#
GCMV is an internal process framework to optimize stock Hindustan Unilever Ltd. 4.80 Reliance Industries Ltd. 7.22
selection based on growth, cashflow, management and
valuation United Spirits Ltd. 1.94 GAIL (India) Ltd. 3.34
Triveni Engineering & Industries Ltd. 1.94 Coal India Ltd. 2.25
Fund Manager and Financial Services 28.78 Oil & Natural Gas Corporation Ltd. 2.09
Experience HDFC Bank Ltd. 8.89 Power 2.99
Fund Manager: Mr. Krishna Sanghavi ICICI Bank Ltd. 5.35 NTPC Ltd. 2.99
Total Experience: 27 years
State Bank of India 4.47 Telecommunication 3.73
Experience in managing this fund: 3 years and
10 months (Managing since November 17, 2020) Kotak Mahindra Bank Ltd. 4.26 Indus Towers Ltd. 3.73
Fund Manager: Ms. Fatema Pacha IndusInd Bank Ltd. 3.72 Equity and Equity Related Total 97.73
Total Experience: 18 years Power Finance Corporation Ltd. 2.10 Cash & Other Receivables 2.27
Experience in managing this fund: 3 years and
Forest Materials 2.06 Grand Total 100.00
9 months (Managing since December 21, 2020)

Portfolio Stats
Portfolio Turnover Ratio (Last one year): 0.53
Standard Deviation: 12.67%
Beta: 0.90
Sharpe Ratio#: 1.16
Jenson’s Alpha : 0.3709 SECTOR ALLOCATION (%) MARKET CAPITALIZATION
#
Risk-free rate assumed to be 6.76% (MIBOR as on (% of Equity Holdings)
30-09-24)
Financial Services 28.78
Source: www.mmda.org Oil Gas & Consumable Fuels 14.90
Note: As per AMFI guidelines for factsheet, the ratios are
Fast Moving Consumer Goods 14.00
calculated based on month rolling returns for last 3 years.
Data as on September 30, 2024 Information Technology 9.28
Construction Materials 5.57 85.99 - Large Cap
Scheme Details Healthcare 5.12
5.85 - Mid Cap
Automobile and Auto Components 5.02
Date of allotment: November 17, 2020
Metals & Mining 3.90 8.16 - Small Cap
Benchmark: Nifty 500 TRI
Telecommunication 3.73
Option: IDCW (IDCW Option will have
IDCW Reinvestment (D) & IDCW Payout Power 2.99
facility) and Growth (D) D-Default Forest Materials 2.06
Minimum Application Amount: Rs. 1,000/- Capital Goods 1.19 Data as on September 30, 2024
and in multiples of Re.1/- thereafter Consumer Services 1.18
Minimum Redemption/Switch-Out Amount: As per the latest Market Capitalisation data provided by AMFI
Rs. 1,000/- or 100 units or account balance, Data as on September 30, 2024 (In line with the applicable SEBI guidelines)
whichever is lower
Minimum Weekly & Monthly SIP Amount:
Rs 500 and in multiples of Re 1 thereafter
Minimum Weekly & Monthly SIP Installments: 6
Minimum Quarterly SIP Amount: Rs 1,500 and
in multiples of Re 1 thereafter
Minimum Quarterly SIP installments: 4 IDCW HISTORY
Monthly AAUM as on September 30, 2024
IDCW Face Value Cum-IDCW NAV
(Rs. in Cr.): 1,811.89 Record Date Plan(s) / Option(s)
Quarterly AAUM as on September 30, 2024 (Rs. per unit) (Rs. per unit) (Rs. per unit)
(Rs. in Cr.): 1,713.93 17-Mar-22 Regular IDCW 0.80 10 13.3891
Monthly AUM as on September 30, 2024 17-Mar-22 Direct IDCW 0.80 10 13.7911
(Rs. in Cr.): 1,850.46
27-Feb-23 Regular IDCW 1.00 10 13.9407
Total Expense Ratio 1
Regular Plan: 2.01%
as on Sep 30, 2024: Direct Plan: 0.38% 27-Feb-23 Direct IDCW 1.00 10 14.6660
Load Structure: 14-Mar-24 Regular IDCW 1.00 10 19.1198
Entry Load: N.A. 14-Mar-24 Direct IDCW 1.00 10 20.5554
Exit Load: ● An Exit Load of 1% is payable if Units
are redeemed / switched-out upto 3 months from Pursuant to payment of IDCW, the NAV of the IDCW Option(s) of the Scheme/Plan(s) falls to the extent of payout and
the date of allotment; statutory levy, if any. Past performance may or may not be sustained in future and should not be used as a basis for
● Nil if Units are redeemed / switched-out after comparison with other investments.
3 months from the date of allotment. For complete list of IDCWs, visit www.mahindramanulife.com.
1
Includes additional expenses charged in terms of Regulation 52(6A)(b) and 52(6A)(c) of SEBI (Mutual Funds) Regulations,
NAV as on Sep 30, 2024: 1996 and Goods and Services Tax.
Regular Plan Direct Plan
NAV/Unit IDCW: Income Distribution cum Capital Withdrawal
(In Rs.) (In Rs.)
Please refer Page no. 29 for Product labelling and Benchmark Riskometer
IDCW 21.4853 23.4102
Growth 28.1353 30.3419

12
 Mahindra Manulife
FACTSHEET
Flexi Cap Fund
September 2024
(An open ended dynamic equity scheme investing
across large cap, mid cap, small cap stocks)

Investment Objective Portfolio ( Top Ten Holdings - Issuer wise) as on September 30, 2024
The investment objective of the Scheme is to Company / Issuer % of Net Assets Company / Issuer % of Net Assets
generate long term capital appreciation by Automobile and Auto Components 4.28 Colgate Palmolive (India) Ltd. 1.27
investing in a diversified portfolio of equity and
equity-related securities across market Tata Motors Ltd. 1.69 Doms Industries Ltd. 1.10
capitalization. However, there can be no assurance Maruti Suzuki India Ltd. 1.31 Financial Services 27.57
that the investment objective of the Scheme will LG Balakrishnan & Bros Ltd. 0.97 HDFC Bank Ltd. 8.86
be achieved.
Ola Electric Mobility Ltd 0.30 ICICI Bank Ltd. 6.98
Capital Goods 6.01 State Bank of India 2.84
Fund Features
Graphite India Ltd. 1.18 Axis Bank Ltd. 2.71
Flexibility to invest in opportunities across market
Suzlon Energy Ltd. 1.05 L&T Finance Ltd. 1.83
capitalization
SKF India Ltd. 1.00 IndusInd Bank Ltd. 1.48
Bottom up stock selection process
Kaynes Technology India Ltd. 1.00 Multi Commodity Exchange of India Ltd. 1.01
Active allocation across Market capitalization
based on macro-economic indicators, policy Jyoti CNC Automation Ltd 0.92 Manappuram Finance Ltd. 0.99
environment, valuations, market conditions Finolex Industries Ltd. 0.85 The South Indian Bank Ltd. 0.86
Top down approach to select sectors Chemicals 2.92 Healthcare 3.99
Management through diversification of holdings Vinati Organics Ltd. 1.22 Alembic Pharmaceuticals Ltd. 1.13
and disciplined approach to monitor individual Navin Fluorine International Ltd. 1.12 Gland Pharma Ltd. 1.06
stock position based on market capitalization
GHCL Ltd. 0.58 Piramal Pharma Ltd. 0.95
Fund Manager and Construction 5.47 GlaxoSmithKline Pharmaceuticals Ltd. 0.85
Experience Larsen & Toubro Ltd. 3.59 Information Technology 10.95
Fund Manager: Ms. Fatema Pacha NCC Ltd. 1.00 Infosys Ltd. 6.32
Total Experience: 18 years NBCC (India) Ltd. 0.87 Tata Consultancy Services Ltd. 2.91
Experience in managing this fund: 3 years and
Construction Materials 3.18 Wipro Ltd. 1.60
1 month (Managing since August 23, 2021)
Shree Cement Ltd. 2.04 LTIMindtree Ltd. 0.12
Fund Manager: Mr. Manish Lodha
Total Experience: 23 years JK Cement Ltd. 1.15 Metals & Mining 0.79
Experience in managing this fund: 3 years and Consumer Durables 8.24 Kirloskar Ferrous Industries Ltd. 0.79
1 month (Managing since August 23, 2021) Voltas Ltd. 2.70 Oil Gas & Consumable Fuels 7.36
Portfolio Stats Asian Paints Ltd. 2.02 Reliance Industries Ltd. 4.89
Havells India Ltd. 1.59 Hindustan Petroleum Corporation Ltd. 1.45
Portfolio Turnover Ratio (Last one year): 0.86
Bata India Ltd. 1.02 Oil & Natural Gas Corporation Ltd. 1.02
Standard Deviation: 12.70%
Beta: 0.93 VIP Industries Ltd. 0.91 Power 1.78
Sharpe Ratio#: 0.85 Consumer Services 4.60 Tata Power Company Ltd. 1.78
Jenson’s Alpha : 0.0161 Avenue Supermarts Ltd. 1.48 Services 0.95
#
Risk-free rate assumed to be 6.76% (MIBOR as on
Info Edge (India) Ltd. 1.38 Delhivery Ltd. 0.95
30-09-24)
Source: www.mmda.org Restaurant Brands Asia Ltd. 1.08 Textiles 1.96
Note: As per AMFI guidelines for factsheet, the ratios are Arvind Fashions Ltd. 0.66 Page Industries Ltd. 1.24
calculated based on month rolling returns for last 3 years.
Data as on September 30, 2024 Fast Moving Consumer Goods 8.15 Gokaldas Exports Ltd. 0.72
Hindustan Unilever Ltd. 2.49 Equity and Equity Related Total 98.20
Scheme Details Dabur India Ltd. 1.74 Cash & Other Receivables 1.80
Date of allotment: August 23, 2021 Britannia Industries Ltd. 1.54 Grand Total 100.00
Benchmark: Nifty 500 TRI
Options: Growth; IDCW
IDCW Sub-options: IDCW Reinvestment
& IDCW Payout
SECTOR ALLOCATION (%) MARKET CAPITALIZATION
Minimum Application Amount: Rs. 1,000/-
and in multiples of Re.1/- thereafter Financial Services 27.57 (% of Equity Holdings)
Minimum Additional Purchase Amount: Rs. 1,000/- Information Technology 10.95
and in multiples of Re. 1/- thereafter Consumer Durables 8.24
Minimum Redemption/Switch-Out Amount: Fast Moving Consumer Goods 8.15
Rs. 1,000/- or 100 units or account balance, Oil Gas & Consumable Fuels 7.36
whichever is lower Capital Goods 6.01 62.11 - Large Cap
Minimum Weekly & Monthly SIP Amount: Construction 5.47
Rs 500 and in multiples of Re 1 thereafter Consumer Services 4.60 15.52 - Mid Cap
Minimum Weekly & Monthly SIP Installments: 6 Automobile and Auto Components 4.28
Healthcare 3.99 22.37 - Small Cap
Minimum Quarterly SIP Amount: Rs 1,500
and in multiples of Re 1 thereafter Construction Materials 3.18
Chemicals 2.92
Minimum Quarterly SIP installments: 4
Textiles 1.96
Monthly AAUM as on September 30, 2024
Power 1.78 Data as on September 30, 2024
(Rs. in Cr.): 1,510.67
Services 0.95
Quarterly AAUM as on September 30, 2024
Metals & Mining 0.79 As per the latest Market Capitalisation data provided by AMFI
(Rs. in Cr.): 1,467.55
Monthly AUM as on September 30, 2024 Data as on September 30, 2024 (In line with the applicable SEBI guidelines)
(Rs. in Cr.): 1,519.59
Total Expense Ratio1 Regular Plan: 2.06%
as on Sep 30, 2024: Direct Plan: 0.40% IDCW HISTORY
Load Structure: IDCW Face Value Cum-IDCW NAV
Entry Load: N.A. Record Date Plan(s) / Option(s)
(Rs. per unit) (Rs. per unit) (Rs. per unit)
Exit Load: ● An Exit Load of 1% is payable if
Units are redeemed / switched-out upto 14-Mar-24 Regular IDCW 1.00 10 14.2271
3 months from the date of allotment; 14-Mar-24 Direct IDCW 1.00 10 14.9457
● Nil if Units are redeemed / switched-out after
3 months from the date of allotment. Pursuant to payment of IDCW, the NAV of the IDCW Option(s) of the Scheme/Plan(s) falls to the extent of payout and statutory
Redemption /Switch-Out of Units would be done on First levy, if any. Past performance may or may not be sustained in future and should not be used as a basis for comparison with
in First out Basis (FIFO). other investments.
For complete list of IDCWs, visit www.mahindramanulife.com.
NAV as on Sep 30, 2024: 1
Includes additional expenses charged in terms of Regulation 52(6A)(b) and 52(6A)(c) of SEBI (Mutual Funds) Regulations, 1996
Regular Plan Direct Plan and Goods and Services Tax.
NAV/Unit
(In Rs.) (In Rs.)
IDCW: Income Distribution cum Capital Withdrawal
IDCW 15.5991 16.6068
Please refer Page no. 29 for Product labelling and Benchmark Riskometer
Growth 16.8187 17.8380

13
 Mahindra Manulife
FACTSHEET
Small Cap Fund
September 2024
(Small Cap Fund - An open ended equity scheme
predominantly investing in small cap stocks)

Investment Objective Portfolio ( Top Ten Holdings - Issuer wise) as on September 30, 2024

The investment objective of the Scheme is to Company / Issuer % of Net Assets Company / Issuer % of Net Assets
generate long term capital appreciation by
Automobile and Auto Components 5.05 REC Ltd. 1.46
investing in a diversified portfolio of equity &
equity related securities of small cap companies. Minda Corporation Ltd. 2.07 PNB Housing Finance Ltd. 1.33
However, there can be no assurance that the Amara Raja Energy & Mobility Ltd 1.35 ICRA Ltd. 1.17
investment objective of the Scheme will be Varroc Engineering Ltd. 1.06 Central Depository Services (India) Ltd. 1.15
achieved. Asahi India Glass Ltd. 0.56 Aadhar Housing Finance Ltd. 1.07
Capital Goods 15.55 Punjab National Bank 0.97
Apar Industries Ltd. 2.00 The Karnataka Bank Ltd. 0.43
Fund Features Bharat Bijlee Ltd. 1.75 Bandhan Bank Ltd. 0.28
Potential growth tailwinds in Indian Economy. Kirloskar Oil Engines Ltd. 1.48 Forest Materials 3.85
Opportunity to capitalize on Indian Inox India Ltd. 1.07 Century Textiles & Industries Ltd. 3.28
Entrepreneurship. Tega Industries Ltd. 1.02 JK Paper Ltd. 0.57
Voltamp Transformers Ltd. 0.98 Healthcare 6.32
Opportunity to capture market / economic cycles.
Sanghvi Movers Ltd. 0.92 Piramal Pharma Ltd. 1.96
Potential to create wealth and generate alpha
Finolex Industries Ltd. 0.91 Glenmark Pharmaceuticals Ltd. 1.22
over long-term.
Kirloskar Brothers Ltd. 0.88 Natco Pharma Ltd. 1.11
Small caps are generally under-researched and Lakshmi Machine Works Ltd. 0.79 Granules India Ltd. 1.02
under-owned and hence provides an opportunity
Texmaco Rail & Engineering Ltd. 0.77 Emcure Pharmaceuticals Ltd. 1.01
for stock-picking at reasonable valuations.
BEML Ltd. 0.67 Information Technology 2.01
Small Caps could be beneficiaries of structural Triveni Turbine Ltd. 0.63 Birlasoft Ltd. 1.15
reforms announced from time to time. Premier Energies Ltd. 0.58 Cyient Ltd. 0.86
Small caps also provide exposure to companies KEI Industries Ltd. 0.47 Media, Entertainment & Publication 0.81
which are potential market leaders in the industries Hitachi Energy India Ltd. 0.43 D.B.Corp Ltd. 0.81
they operate in (a few examples include textile, PTC Industries Ltd. 0.21 Metals & Mining 2.58
paper, sugar, luggage) and have potential to become
Chemicals 4.60 Steel Authority of India Ltd. 0.99
midcaps of tomorrow as they achieve scale.
PCBL Ltd. 3.22 MOIL Ltd. 0.71
Archean Chemical Industries Ltd. 0.86 Kirloskar Ferrous Industries Ltd. 0.69
Fund Manager And Aarti Industries Ltd. 0.53 Sarda Energy & Minerals Ltd. 0.18
Experience Construction 2.10 Oil Gas & Consumable Fuels 4.25
Fund Manager: Mr. Abhinav Khandelwal Kalpataru Projects International Ltd. 1.12 GAIL (India) Ltd. 2.63
Total Experience: 14 years NBCC (India) Ltd. 0.98 Reliance Industries Ltd. 1.62
Experience in managing this fund: 1 year and Construction Materials 3.84 Power 3.53
9 months (Managing since December 12, 2022) Grasim Industries Ltd. 2.06 CESC Ltd. 2.32
Fund Manager: Mr. Manish Lodha Orient Cement Ltd. 1.01 NLC India Ltd. 1.03
Total Experience: 23 years Birla Corporation Ltd. 0.78 Gujarat Industries Power Company Ltd. 0.18
Experience in managing this fund: 1 year and Consumer Durables 1.32 Realty 3.72
9 months (Managing since December 12, 2022) Kajaria Ceramics Ltd. 0.72 Anant Raj Ltd. 2.76
Safari Industries (India) Ltd. 0.60 Sobha Ltd. 0.96
Portfolio Stats Consumer Services 4.19 Services 4.06
Portfolio Turnover Ratio (Last 1 year): 0.68 Thomas Cook (India) Ltd. 1.00 Firstsource Solutions Ltd. 2.10
Electronics Mart India Ltd. 0.98 The Great Eastern Shipping Company Ltd. 0.85
Arvind Fashions Ltd. 0.97 Gateway Distriparks Ltd. 0.57
Scheme Details Chalet Hotels Ltd. 0.69 eClerx Services Ltd. 0.54
Date of allotment: December 12, 2022 Aditya Birla Fashion and Retail Ltd. 0.55 Telecommunication 1.62
Diversified 2.36 Indus Towers Ltd. 1.62
Benchmark: BSE 250 Small Cap TRI Godrej Industries Ltd. 2.36 Textiles 1.86
Option: IDCW (IDCW Option will have Fast Moving Consumer Goods 6.01 Arvind Ltd. 1.15
IDCW Reinvestment (D) & IDCW Payout Mrs. Bectors Food Specialities Ltd. 1.57 Nitin Spinners Ltd. 0.71
facility) and Growth (D) D-Default Emami Ltd. 1.54 Utilities 0.91
Minimum Application Amount: Rs. 1000 and in Triveni Engineering & Industries Ltd. 1.27 Inox Green Energy Services Ltd. 0.91
multiples of Rs. 1 thereafter Jyothy Labs Ltd. 0.97 Equity and Equity Related Total 91.03
Minimum Additional Purchase Amount: Rs. 1,000/- Sula Vineyards Ltd 0.66 Cash & Other Receivables 8.97
and in multiples of Re. 1/- thereafter Financial Services 10.48 Grand Total 100.00
Cholamandalam Financial Holdings Ltd. 2.61
Minimum Weekly & Monthly SIP Amount: Rs 500
and in multiples of Rs 1/- thereafter
Minimum Weekly & Monthly SIP installments: 6 SECTOR ALLOCATION (%) MARKET CAPITALIZATION
Minimum Quarterly SIP Amount: Rs 1,500 and Capital Goods 15.55 (% of Equity Holdings)
in multiples of Rs 1/- thereafter Financial Services 10.48
Healthcare 6.32
Minimum Quarterly SIP installments: 4
Fast Moving Consumer Goods 6.01
Monthly AAUM as on September 30, 2024 Automobile and Auto Components 5.05
(Rs. in Cr.): 5,395.20 Chemicals 4.60
Oil Gas & Consumable Fuels 4.25 9.60 - Large Cap
Quarterly AAUM as on September 30, 2024 Consumer Services 4.19
(Rs. in Cr.): 5,095.79 Services 4.06
Forest Materials 3.85 12.08 - Mid Cap
Monthly AUM as on September 30, 2024 Construction Materials 3.84
(Rs. in Cr.): 5,478.45 Realty 3.72 78.32 - Small Cap
Total Expense Ratio1 Regular Plan: 1.78% Power 3.53
Metals & Mining 2.58
as on Sep 30, 2024: Direct Plan: 0.30% Diversified 2.36
Load Structure: Construction 2.10
Information Technology 2.01
Entry Load: N.A. Textiles 1.86
Telecommunication 1.62
Exit Load:● An Exit Load of 1% is payable if Consumer Durables 1.32
Units are redeemed / switched-out upto 3 Data as on September 30, 2024
Utilities 0.91
months from the date of allotment; Media, Entertainment & Publication 0.81
As per the latest Market Capitalisation data provided by AMFI
● Nil if Units are redeemed / switched-out after
Data as on September 30, 2024 (In line with the applicable SEBI guidelines)
3 months from the date of allotment.

NAV as on Sep 30, 2024:

Regular Plan Direct Plan
NAV/Unit 1
Includes additional expenses charged in terms of Regulation 52(6A)(b) and 52 (6A)(c)of SEBI (Mutual Funds) Regulations, 1996
(In Rs.) (In Rs.)
and Goods and Services Tax.
IDCW 21.4500 22.1243 IDCW: Income Distribution cum Capital Withdrawal
Growth 21.4500 22.1243 Please refer Page no. 29 for Product labelling and Benchmark Riskometer

14
 Mahindra Manulife
FACTSHEET
Business Cycle Fund
September 2024
(An open ended equity scheme following business cycles
based investing theme)

Investment Objective Portfolio ( Top Ten Holdings - Issuer wise) as on September 30, 2024

The Scheme shall seek to generate long term Company / Issuer % of Net Company / Issuer % of Net
capital appreciation by investing predominantly in Assets Assets
equity and equity related securities with a focus on Automobile and Auto Components 3.20 Healthcare 7.42
identifying and investing in business cycles through Maruti Suzuki India Ltd. 1.99 Sun Pharmaceutical Industries Ltd. 2.06
dynamic allocation between various sectors and Asahi India Glass Ltd. 1.22 Divi's Laboratories Ltd. 2.04
stocks at different stages of business cycles in the
economy. However, there is no assurance that the Capital Goods 5.42 Emcure Pharmaceuticals Ltd. 1.22
objective of the Scheme will be realized. Bharat Bijlee Ltd. 1.19 GlaxoSmithKline Pharmaceuticals Ltd. 1.15
Lakshmi Machine Works Ltd. 1.18 Piramal Pharma Ltd. 0.96
Fund Features Kirloskar Brothers Ltd. 1.16 Information Technology 9.39
Business Cycle fund aims to identify and invest in Carborundum Universal Ltd. 0.99 Infosys Ltd. 3.78
select sectors based on the market and economic Technocraft Industries (India) Ltd. 0.89 Tata Consultancy Services Ltd. 1.68
dynamics. Chemicals 2.69 Mphasis Ltd. 1.51
Skilled fund managers can strategically rotate the Coromandel International Ltd. 1.05 Tech Mahindra Ltd. 1.33
portfolio`s sectoral allocation to capture NOCIL Ltd. 0.85 Wipro Ltd. 1.10
outperformance during specific phases of the Archean Chemical Industries Ltd. 0.79 Media, Entertainment & Publication 0.77
business cycle. Construction 0.91 D.B.Corp Ltd. 0.77
The Funds are designed to be flexible and adaptive ISGEC Heavy Engineering Ltd. 0.91 Metals & Mining 7.50
to changing economic & market conditions. Construction Materials 2.10 Sarda Energy & Minerals Ltd. 1.74
Investing in a business cycle fund allows investors Grasim Industries Ltd. 2.10 Steel Authority of India Ltd. 1.53
to participate in the growth potential of different Consumer Durables 1.97 Hindalco Industries Ltd. 1.27
sectors and industries as the economy progresses VIP Industries Ltd. 0.99 Tata Steel Ltd. 1.25
through different phases of the cycle. Bata India Ltd. 0.98 MOIL Ltd. 0.88
Consumer Services 1.11 Kirloskar Ferrous Industries Ltd. 0.82
Fund Manager And
Restaurant Brands Asia Ltd. 1.11 Oil Gas & Consumable Fuels 14.88
Experience
Fast Moving Consumer Goods 9.23 Reliance Industries Ltd. 4.36
Fund Manager: Mr. Krishna Sanghavi
Total Experience: 27 years Hindustan Unilever Ltd. 2.86 Oil & Natural Gas Corporation Ltd. 2.03
Experience in managing this fund: 1 year ITC Ltd. 2.59 Bharat Petroleum Corporation Ltd. 1.87
(Managing since September 11, 2023) Balrampur Chini Mills Ltd. 1.54 GAIL (India) Ltd. 1.71
Fund Manager: Mr. Renjith Sivaram Triveni Engineering & Industries Ltd. 1.31 Hindustan Petroleum Corporation Ltd. 1.47
Total Experience: 13 years Emami Ltd. 0.93 Indraprastha Gas Ltd. 1.27
Experience in managing this fund: 1 year Financial Services 21.82 Coal India Ltd. 1.20
(Managing since September 11, 2023) HDFC Bank Ltd. 6.71 Gujarat State Petronet Ltd. 0.97
Fund Manager: Mr. Pranav Patel$ IndusInd Bank Ltd. 3.20 Power 3.90
Total Experience: 9 years State Bank of India 2.76 NTPC Ltd. 2.30
Experience in managing this fund: 9 months
Jio Financial Services Ltd. 2.19 CESC Ltd. 1.59
(Managing since January 05, 2024)
Bandhan Bank Ltd. 1.66 Realty 1.03
$
Dedicated Fund Manager for Overseas Investments.
Piramal Enterprises Ltd. 1.27 Anant Raj Ltd. 1.03
Punjab National Bank 1.16 Telecommunication 2.64
Portfolio Stats
Aadhar Housing Finance Ltd. 1.13 Indus Towers Ltd. 2.64
Portfolio Turnover Ratio (Last 1 year): 0.94 RBL Bank Ltd. 0.93 Textiles 1.16
Power Finance Corporation Ltd. 0.81 S. P. Apparels Ltd. 1.16
Scheme Details Forest Materials 1.85 Equity and Equity Related Total 98.97
Date of allotment: September 11, 2023 Century Textiles & Industries Ltd. 1.18 Cash & Other Receivables 1.03
JK Paper Ltd. 0.67 Grand Total 100.00
Benchmark: NIFTY 500 TRI
Option: IDCW (IDCW Option will have
IDCW Reinvestment (D) & IDCW Payout
facility) and Growth (D) D-Default
Minimum Application Amount: Rs. 1000 and in
multiples of Rs. 1 thereafter
Minimum Additional Purchase Amount: Rs. 1,000/- SECTOR ALLOCATION (%) MARKET CAPITALIZATION
and in multiples of Re. 1/- thereafter
Financial Services 21.82 (% of Equity Holdings)
Minimum Repurchase Amount: Rs. 1,000/- or 100 Oil Gas & Consumable Fuels 14.88
units or account balance, whichever is lower Information Technology 9.39
Minimum Weekly & Monthly SIP Amount: Rs 500 Fast Moving Consumer Goods 9.23
and in multiples of Rs 1/- thereafter Metals & Mining 7.50
Healthcare 7.42
Minimum Weekly & Monthly SIP installments: 6 54.90 - Large Cap
Capital Goods 5.42
Minimum Quarterly SIP Amount: Rs 1,500 and Power 3.90
Automobile and Auto Components 3.20 12.39 - Mid Cap
in multiples of Rs 1/- thereafter
Chemicals 2.69
Minimum Quarterly SIP installments: 4 Telecommunication 2.64 32.71 - Small Cap
Monthly AAUM as on September 30, 2024 Construction Materials 2.10
(Rs. in Cr.): 1,169.16 Consumer Durables 1.97
Forest Materials 1.85
Quarterly AAUM as on September 30, 2024
Textiles 1.16
(Rs. in Cr.): 1,101.14
Consumer Services 1.11
Monthly AUM as on September 30, 2024 Realty 1.03 Data as on September 30, 2024
(Rs. in Cr.): 1,199.71 Construction 0.91
Total Expense Ratio1 Regular Plan: 2.10% Media, Entertainment & Publication 0.77 As per the latest Market Capitalisation data provided by AMFI
as on Sep 30, 2024: Direct Plan: 0.38% (In line with the applicable SEBI guidelines)
Load Structure: Data as on September 30, 2024
Entry Load: N.A.
Exit Load: ● 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.
Redemption /Switch-Out of Units would be done on First
in First out Basis (FIFO).

NAV as on Sep 30, 2024: 1

Includes additional expenses charged in terms of Regulation 52(6A)(b) and 52 (6A)(c)of SEBI (Mutual Funds) Regulations, 1996
Regular Plan Direct Plan and Goods and Services Tax.
NAV/Unit
(In Rs.) (In Rs.) IDCW: Income Distribution cum Capital Withdrawal
IDCW 16.0367 16.3488 Please refer Page no. 29 for Product labelling and Benchmark Riskometer
Growth 16.0367 16.3488

15
 Mahindra Manulife
FACTSHEET
Manufacturing Fund
September 2024
(An open-ended equity scheme following manufacturing theme)

Low
Investment Objective PORTFOLIO ( Top Ten Holdings - Issuer wise) as on September 30, 2024
The Scheme shall seek to generate long term Company / Issuer % of Net Company / Issuer % of Net
capital appreciation by investing predominantly in Assets Assets
equity and equity related securities of companies Automobile and Auto Components 23.94 Construction Materials 3.46
engaged in manufacturing theme. However, there
Mahindra & Mahindra Ltd. 3.47 Grasim Industries Ltd. 1.77
is no assurance that the objective of the Scheme
will be achieved. Maruti Suzuki India Ltd. 2.99 Shree Cement Ltd. 1.69
Samvardhana Motherson International Ltd. 2.89 Consumer Durables 0.96
Fund Features Hero MotoCorp Ltd. 2.42 Havells India Ltd. 0.96
Portfolio Allocation: 80-100% of the Portfolio will be Schaeffler India Ltd. 1.94 Consumer Services 1.06
invested in companies engaged in the manufacturing Bosch Ltd. 1.93 Aditya Vision Ltd 1.06
theme.
Tata Motors Ltd. 1.71 Fast Moving Consumer Goods 11.08
Market Cap: Flexible to invest across market
CIE Automotive India Ltd. 1.70 ITC Ltd. 4.38
capitalisation.
CEAT Ltd. 1.58 Hindustan Unilever Ltd. 2.81
Diversified Universe: Portfolio shall comprise of
diversified stock universe mapped to the basic Industry Asahi India Glass Ltd. 1.13 Marico Ltd. 1.47
list published by Asia Index Private Limited for BSE India TVS Motor Company Ltd. 1.12 Dabur India Ltd. 1.32
Manufacturing Index which includes sectors like Capital LG Balakrishnan & Bros Ltd. 1.06 Balrampur Chini Mills Ltd. 1.10
goods, Metals & Mining, Consumer Durables,
Construction etc. Capital Goods 19.22 Healthcare 5.53
Kirloskar Brothers Ltd. 2.21 Divi's Laboratories Ltd. 2.17
PTC Industries Ltd. 2.04 Sun Pharmaceutical Industries Ltd. 2.04
Fund Manager and Technocraft Industries (India) Ltd. 1.95 Emcure Pharmaceuticals Ltd. 1.32
Experience Bharat Electronics Ltd. 1.86 Metals & Mining 7.05
Vesuvius India Ltd. 1.84 Hindalco Industries Ltd. 2.85
Fund Manager (Equity): Mr. Renjith Sivaram
Total Experience: 13 years Siemens Ltd. 1.72 Tata Steel Ltd. 1.63
Experience in managing this fund: 4 months Thejo Engineering Ltd. 1.45 Steel Authority of India Ltd. 1.40
(managing since June 24, 2024)
Carborundum Universal Ltd. 1.36 Kirloskar Ferrous Industries Ltd. 1.16
Fund Manager (Equity): Mr. Manish Lodha
Total Experience: 23 years Tega Industries Ltd. 1.27 Oil Gas & Consumable Fuels 12.94
Experience in managing this fund: 4 months Triveni Turbine Ltd. 1.19 Reliance Industries Ltd. 2.90
(managing since June 24, 2024) Lakshmi Machine Works Ltd. 1.05 Bharat Petroleum Corporation Ltd. 2.75
Fund Manager: Mr. Pranav Patel$
Inox India Ltd. 0.92 Oil & Natural Gas Corporation Ltd. 2.42
Total Experience: 9 years
Experience in managing this fund: 4 months Disa India Ltd. 0.38 Coal India Ltd. 1.94
(managing since June 24, 2024) Chemicals 7.38 Petronet LNG Ltd. 1.57
$
Dedicated Fund Manager for Overseas Investments
Deepak Fertilizers and 2.28 Hindustan Petroleum Corporation Ltd. 1.35
Petrochemicals Corporation Ltd. Power 2.05
Archean Chemical Industries Ltd. 1.86 NTPC Ltd. 2.05
Date of allotment: June 24, 2024 Jubilant Ingrevia Ltd. 1.23 Textiles 1.09
Benchmark: BSE India Manufacturing TRI NOCIL Ltd. 1.07 S. P. Apparels Ltd. 1.09
Fine Organic Industries Ltd. 0.93 Equity and Equity Related Total 98.85
Option: IDCW (IDCW Option will have IDCW
Reinvestment (D) & IDCW Payout facility) Construction 3.09 Cash & Other Receivables 1.15
and Growth (D) D-Default Larsen & Toubro Ltd. 1.81 Grand Total 100.00
Minimum Application Amount: Rs. 1,000 and in ISGEC Heavy Engineering Ltd. 1.28
multiples of Re. 1/- thereafter
Minimum Additional Purchase Amount: Rs. 1,000
and in multiples of Re. 1/- thereafter
Minimum Weekly & Monthly SIP Amount: Rs 500
and in multiples of Re 1 thereafter
Minimum Weekly & Monthly SIP installments: 6
Minimum Quarterly SIP Amount: Rs 1,500
and in multiples of Re 1 thereafter
Minimum Quarterly SIP installments: 4
Minimum Amount for Switch in: Rs. 1,000/- SECTOR ALLOCATION (%) MARKET CAPITALIZATION
and in multiples of Re. 0.01/- thereafter. (% of Equity Holdings)
Minimum Amount for Redemption / Switch-outs: Automobile and Auto Components 23.94
Rs. 1,000/- or 100 units or account balance, Capital Goods 19.22
whichever is lower in respect of each Option.
Oil Gas & Consumable Fuels 12.94
Monthly AAUM as on September 30, 2024
(Rs. in Cr.): 921.54 Fast Moving Consumer Goods 11.08 56.26 - Large Cap
Quarterly AAUM as on September 30, 2024 Chemicals 7.38
(Rs. in Cr.): 885.18 Metals & Mining 7.05 7.83 - Mid Cap
Monthly AUM as on September 30, 2024 Healthcare 5.53
(Rs. in Cr.): 946.10 35.91 - Small Cap
Construction Materials 3.46
Total Expense Ratio1 Regular Plan: 2.20% Construction 3.09
as on Sep 30, 2024: Direct Plan: 0.58% Power 2.05
Load Structure: Textiles 1.09
Entry Load: N.A. Data as on September 30, 2024
Consumer Services 1.06
Exit Load: ● An Exit Load of 0.5% is payable if Consumer Durables 0.96
Units are redeemed / switched-out upto 3 As per the latest Market Capitalisation data provided by AMFI
months from the date of allotment; (In line with the applicable SEBI guidelines)

● Nil - If Units are redeemed / switched-out Data as on September 30, 2024

after completion of 3 months from the date
of allotment.
Redemption /Switch-Out of Units would be
done on First in First Out Basis (FIFO).

1
Includes additional expenses charged in terms of Regulation 52(6A)(b) and 52(6A)(c) of SEBI (Mutual Funds) Regulations, 1996
NAV as on Sep 30, 2024: and Goods and Services Tax.
Regular Plan Direct Plan
NAV/Unit IDCW: Income Distribution cum Capital Withdrawal
(In Rs.) (In Rs.)
Please refer Page no. 29 for Product labelling and Benchmark Riskometer
IDCW 10.5173 10.5655
Growth 10.5173 10.5655

16
FACTSHEET
Mahindra Manulife Asia
September 2024
Pacific REITs FOF
(An open ended fund of fund scheme investing in Manulife Global Fund –
Asia Pacific REIT Fund)

Investment Objective Portfolio as on September 30, 2024

The investment objective of the Scheme is to Company / Issuer % of Net Assets
provide long term capital appreciation by investing
predominantly in units of Manulife Global Fund – International Mutual Fund Units 97.00
Asia Pacific REIT Fund, an overseas fund primarily Manulife Global Fund SICAV-Asia Pacific REIT 97.00
investing in real estate investment trusts (REITs)
in the Asia Pacific ex-Japan region. However, there Cash & Other Receivables 3.00
can be no assurance that the investment objective Grand Total 100.00
of the Scheme will be achieved

Fund Features
Aims to achieve capital appreciation
Aims to provide Inflation Hedge SECTOR ALLOCATION (%)
Diversification in real estate with very low
investment

Fund Manager and

Experience
Fund Manager: Mr. Pranav Patel^ International Mutual Fund Units 97.00
Total Experience: 9 years (^Dedicated Fund
Manager for Overseas Investments)
Experience in managing this fund: 9 months
(Managing since January 05, 2024)
Fund Manager (Debt): Mr. Amit Garg
Total Experience: 19 years
Experience in managing this fund: 2 years and
11 Months (Managing since October 20, 2021) Cash & Other Receivables 3.00

Scheme Details
Date of allotment: October 20, 2021
Benchmark: FTSE EPRA Nareit Asia ex Japan
REITs Index Data as on September 30, 2024
Option: IDCW (IDCW Option will have IDCW
Reinvestment (D) & IDCW Payout facility) and
Growth (D) D-Default
Minimum Application Amount: Rs. 5,000 and in
multiples of Rs. 1/- thereafter
Minimum Additional Purchase Amount: Rs. 1,000
and in multiples of Rs. 1/- thereafter
Minimum SIP Amount: Rs. 1000 (Weekly &
Monthly) and Rs. 1500 (Quarterly SIP) and in
multiples of Rs. 1 thereafter
Monthly AAUM as on September 30, 2024
(Rs. in Cr.): 20.78
Quarterly AAUM as on September 30, 2024
(Rs. in Cr.): 19.66
Monthly AUM as on September 30, 2024
(Rs. in Cr.): 21.10
Total Expense Ratio1 Regular Plan: 1.36%
as on Sep 30, 2024: Direct Plan: 0.45%
Load Structure:
Entry Load: N.A.
Exit Load: 10% of the units allotted shall be
redeemed without any exit load, on or before
completion of 12 months from the date of allotment
of Units.
Any redemption in excess of the above limit shall be
subject to the following exit load:
● An exit load of 1% is payable if Units are redeemed
/ switched-out on or before completion of 12 months
from the date of allotment of Units;
● Nil - If Units are redeemed / switched-out after
completion of 12 months from the date of allotment
of Units.
Redemption /Switch-Out of Units would be done on
First in First Out Basis (FIFO).

NAV as on Sep 30, 2024: 1

Includes additional expenses charged in terms of Regulation 52(6A)(b) and 52(6A)(c) of SEBI (Mutual Funds) Regulations, 1996
Regular Plan Direct Plan
NAV/Unit and Goods and Services Tax.
(In Rs.) (In Rs.)
Please refer Page no. 29 for Product labelling and Benchmark Riskometer
IDCW 9.3086 9.5840
Growth 9.3086 9.5840

17
 Hybrid Scheme Snapshot

Data as on 30th September - 2024

Scheme Name Mahindra Manulife Mahindra Manulife Mahindra Manulife Mahindra Manulife Mahindra Manulife Multi
Aggressive Hybrid Fund Arbitrage Fund Equity Savings Fund Balanced Advantage Fund Asset Allocation Fund
Category Aggressive Hybrid Fund Arbitrage Fund Equity Savings Dynamic Asset Allocation Multi Asset Allocation

Inception Date July 19, 2019 August 24, 2020 February 1, 2017 December 30, 2021 March 13, 2024

Benchmark 45% NIFTY 500 TRI + 40% CRISIL

CRISIL Hybrid 35+65 Nifty 50 Hybrid Composite Debt 50: Composite Bond Index + 10%
Nifty 50 Arbitrage TRI Nifty Equity Savings TRI
Aggressive Index 50 Index TRI Domestic Price of Physical Gold +
5% Domestic Price of Silver

Fund Manager Fatema Pacha, Mr. Manish Lodha,

Abhinav Khandelwal, Manish Lodha, Mr. Renjith Sivaram,
Manish Lodha, Rahul Pal Mr. Renjith Sivaram, Mr. Rahul Pal
Manish Lodha & Rahul Pal Fatema Pacha & Rahul Pal Mr. Rahul Pal & Mr. Pranav Patel^
& Mr. Amit Garg & Mr. Pranav Patel^

AUM (` in cr.) 1,487.60 105.24 564.07 903.98 523.03

Total No of
Equity holdings
57 33 55 56 57

Top 5 Sectors Financial Services 22.22% Financial Services 16.42% Financial Services 17.36% Financial Services 16.54% Financial Services 7.58%
(% to Net Assets) Fast Moving 8.69% Power 10.02% Construction Materials 8.28% Fast Moving Consumer Goods 10.33% Oil Gas & Consumable Fuels 4.44%
Consumer Goods
Information Technology 7.98% Metals & Mining 8.90% Fast Moving Consumer Goods 7.28% Automobile and
Auto Components 7.53% Fast Moving Consumer Goods 4.21%
Oil Gas & Consumable Fuels 8.49% Oil Gas & Consumable Fuels 6.76%
Oil Gas & Consumable Fuels 7.31% Oil Gas & Consumable Fuels 7.31% Information Technology 3.97%
Automobile and 5.81% Information Technology 5.59%
Consumer Services 5.87% Auto Components Information Technology 6.63% Capital Goods 3.05%

Top 10 Equity Holdings

(% to Net Assets) 34% 36% 31% 26% 13%

Market Cap (% to Equity 9.14%

13.43%
Holdings) 18.34% 14.18%
6.16% 20.93%
Small Cap
Mid Cap 15.67% 22.59%
15.61%
Large Cap
As per the latest Market
Capitalisation data provided by 31%
AMFI (In line with the applicable 86.57%
SEBI guidelines)
84.70%
65.99% 63.23% 63.46%

Value of Rs. 10,000 invested

in scheme since 1 Year
13,764 10,597 11,651 12,770 -

Value of Rs. 10,000 invested

in benchmark since 1 Year
12,870 10,709 11,626 12,071 -

Past performance may or may not be sustained in future and should not be used as a basis of comparison with other investments. The performance details provided herein are of Growth Option under Regular Plan and based on standard investment of Rs. 10,000
made since inception. Different Plans i.e Regular Plan and Direct Plan under the scheme have different expense structure. Please refer Pg. no 32 to 39 of Factsheet for complete details of Scheme performance as per SEBI prescribed format. ^Dedicated Fund
Manager for Overseas Investments.
 Mahindra Manulife
FACTSHEET
Equity Savings Fund
September 2024
(An open ended scheme investing in equity, arbitrage and debt)

Investment Objective Portfolio ( Top Ten Holdings - Issuer wise) as on September 30, 2024
The Scheme seeks to generate long term capital Company / Issuer % of Net % to NAV Company / Issuer Rating % of Net % to NAV
appreciation and also income through investments Assets¢ Derivatives Assets¢ Derivatives
in equity and equity related instruments, arbitrage Automobile and Auto Components 3.29 -1.07 Metals & Mining 3.63 -2.82
opportunities and investments in debt and money Mahindra & Mahindra Ltd. 1.06 -1.07 Hindalco Industries Ltd. 1.48 -1.08
market instruments. However, there can be no Asahi India Glass Ltd. 0.87 Jindal Steel & Power Ltd. 1.37 -1.38
assurance that the investment objective of the LG Balakrishnan & Bros Ltd. 0.80 Tata Steel Ltd. 0.78 -0.36
Scheme will be achieved. The Scheme does not Tata Motors Ltd. 0.56 Oil Gas & Consumable Fuels 6.76 -3.80
assure or guarantee any returns. Capital Goods 2.29 Reliance Industries Ltd. 3.75 -2.92
Fund Features Inox India Ltd. 0.45 Coal India Ltd. 1.06 -0.59
Escorts Kubota Ltd. 0.42 GAIL (India) Ltd. 1.06 -0.29
Potential capital appreciation and wealth accumulation KEI Industries Ltd. 0.40 Bharat Petroleum Corporation Ltd. 0.36
through regular investments in the long term. Syrma SGS Technology Ltd. 0.38 Petronet LNG Ltd. 0.27
Balances the risk of equity with investments in debt PTC Industries Ltd. 0.34 Oil & Natural Gas Corporation Ltd. 0.26
and derivative securities. Technocraft Industries (India) Ltd. 0.31 Power 2.07 -0.37
Flexible Asset Allocation feature in dynamic market scenarios. Chemicals 0.98 NTPC Ltd. 1.65 -0.37
Coromandel International Ltd. 0.61 CESC Ltd. 0.42
Fund Manager and Archean Chemical Industries Ltd. 0.37 Textiles 0.50
Experience Construction 1.52 -1.03 Nitin Spinners Ltd. 0.50
Fund Manager (Equity): Mr. Manish Lodha Larsen & Toubro Ltd. 1.52 -1.03 Equity and Equity Related Total 65.44 -35.28
Total Experience: 23 years Construction Materials 8.28 -6.52 Real Estate Investment Trusts (REIT) 2.75
Experience in managing this fund: 3 years and Ambuja Cements Ltd. 6.06 -6.09 Brookfield India Real Realty 2.75
9 months (Managing since December 21, 2020) Grasim Industries Ltd. 1.03 -0.42 Estate Trust
Fund Manager (Equity): Mr. Renjith Sivaram Shree Cement Ltd. 0.85 Corporate Bond 16.38
Total Experience: 13 years JK Cement Ltd. 0.35 Small Industries Dev CRISIL AAA 3.97
Experience in managing this fund: 1 year and Consumer Durables 1.35 -0.87 Bank of India / ICRA AAA
3 months (managing since July 03, 2023) Havells India Ltd. 0.79 -0.79 Godrej Industries Ltd. CRISIL AA 2.41
Fund Manager (Debt): Mr. Rahul Pal Voltas Ltd. 0.56 -0.08 Kotak Mahindra CRISIL AAA 1.79
Total Experience: 22 years Consumer Services 0.72 Investments Ltd.
Experience in managing this fund: 7 years and Aditya Vision Ltd 0.72 Bharti Telecom Ltd. CRISIL AA+ 1.78
8 months (managing since February 1, 2017) Fast Moving Consumer Goods 7.28 -3.95 National Bank For Agriculture CRISIL AAA 1.35
Fund Manager (Hybrid): Mr. Pranav Patel$ ITC Ltd. 3.18 -2.36 and Rural Development
Total Experience: 9 years Hindustan Unilever Ltd. 1.67 -1.31 Muthoot Finance Ltd. CRISIL AA+ 1.25
Experience in managing this fund: 9 months Tata Consumer Products Ltd. 1.00 -0.28 Kotak Mahindra Prime Ltd. CRISIL AAA 0.89
(Managing since January 05, 2024) Dabur India Ltd. 0.61 Shriram Finance Ltd. CRISIL AA+ 0.89
$
Dedicated Fund Manager for Overseas Investments Triveni Engineering & Industries Ltd. 0.41 Embassy Office Parks REIT CRISIL AAA 0.89
Jyothy Labs Ltd. 0.41 Godrej Properties Ltd. ICRA AA+ 0.71
Scheme Details Financial Services 17.36 -10.64 TVS Credit Services Ltd. CRISIL AA 0.44
Date of allotment: February 1, 2017 Bajaj Finance Ltd. 3.45 -3.47 Government Bond 6.20
Benchmark: Nifty Equity Savings TRI ICICI Bank Ltd. 3.25 -2.09 7.32%GOI SOV 3.47
Option: IDCW (IDCW Option will have IDCW HDFC Bank Ltd. 3.10 -1.99 (MD 13/11/2030)
Reinvestment (D) & IDCW Payout facility) and IndusInd Bank Ltd. 1.55 -0.36 7.1% GOI SOV 2.09
Growth (D) D-Default Canara Bank 1.49 -1.50 (MD 08/04/2034)
Kotak Mahindra Bank Ltd. 1.30 -0.72 7.18% GOI SOV 0.64
Minimum Application Amount: Rs. 1,000/- and in
SBI Life Insurance Company Ltd. 1.13 -0.51 (MD 24/07/2037)
multiples of Re. 1/- thereafter
State Bank of India 0.96 Treasury Bill 5.11
Minimum Additional Purchase Amount: Rs. 1,000/- L&T Finance Ltd. 0.75 364 Days Tbill SOV 2.48
and in multiples of Re. 1/- thereafter REC Ltd. 0.38 (MD 17/10/2024)
Minimum Repurchase Amount: Rs. 1,000/- or Healthcare 3.81 -2.00 364 Days Tbill SOV 1.76
100 units or account balance, whichever is lower Sun Pharmaceutical Industries Ltd. 2.71 -2.00 (MD 14/11/2024)
Minimum Weekly & Monthly SIP Amount: Rs 500 Divi's Laboratories Ltd. 1.11 364 Days Tbill SOV 0.87
and in multiples of Re 1 thereafter Information Technology 5.59 -2.22 (MD 26/12/2024)
Minimum Weekly & Monthly SIP Installments: 6 Tech Mahindra Ltd. 2.04 -1.15 Zero Coupon Bond 1.05
Minimum Quarterly SIP Amount: Rs 1,500 and in Infosys Ltd. 1.46 -0.44 Tata Motors Finance Ltd. CRISIL AA+ 1.05
multiples of Re 1 thereafter LTIMindtree Ltd. 1.05 Cash & Net Receivables/(Payables) 3.08
Minimum Quarterly SIP installments: 4 Persistent Systems Ltd. 0.67 -0.25 Grand Total 100.00
Monthly AAUM as on September 30, 2024 Wipro Ltd. 0.37 -0.38 ¢
Hedged and Unhedged postions
(Rs. in Cr.): 557.53
Quarterly AAUM as on September 30, 2024
(Rs. in Cr.): 535.56 SECTOR ALLOCATION MARKET CAPITALIZATION
Monthly AUM as on September 30, 2024 (% Unhedged Equity) (% of Equity Holdings)
(Rs. in Cr.): 564.07
Financial Services 17.36
Total Expense Ratio1 Regular Plan: 2.35%
Construction Materials 8.28
as on Sep 30, 2024: Direct Plan: 0.69% Fast Moving Consumer Goods 7.28
Load Structure: Oil Gas & Consumable Fuels 6.76
Entry Load: N.A.
Exit Load: 10% of the units allotted shall be redeemed without any
Information Technology 5.59 84.70 - Large Cap
exit load, on or before completion of 15 calendar days from the Healthcare 3.81
date of allotment of Units. Metals & Mining 3.63 6.16 - Mid Cap
Any redemption in excess of the above limit shall be subject to the
following exit load:
Automobile and Auto Components 3.29
● An exit load of 1% is payable if Units are redeemed / Capital Goods 2.29
9.14 - Small Cap
switched-out on or before completion of 15 calendar days from Power 2.07
the date of allotment of Units; Construction 1.52
● Nil - If Units are redeemed / switched-out after completion of 15 Consumer Durables 1.35
calendar days from the date of allotment of Units.
Chemicals 0.98
Portfolio Information Consumer Services 0.72
Textiles 0.50 Data as on September 30, 2024
Annualised Portfolio YTM*2^ 7.44%3
As per the latest Market Capitalisation data provided by AMFI
Macaulay Duration^ 2.29 Years3
Data as on September 30, 2024 (In line with the applicable SEBI guidelines)
Modified Duration^ 2.173
Residual Maturity^ 2.78 Years3
Portfolio Turnover Ratio (Last 1 year) 4.02 IDCW HISTORY
As on (Date) September 30, 2024 IDCW Face Value Cum-IDCW NAV
Record Date Plan(s)/Option(s)
Standard Deviation 5.78% (Rs. per unit) (Rs. per unit) (Rs. per unit)
17-Mar-22 Regular IDCW 0.80 10 13.4499
Beta 1.16
17-Mar-22 Direct IDCW 0.80 10 14.9344
Sharpe Ratio# 0.37
27-Feb-23 Regular IDCW 1.00 10 13.1514
Jenson’s Alpha -0.0432 27-Feb-23 Direct IDCW 1.00 10 14.9588
*In case of semi annual YTM, it will be annualised
14-Mar-24 Regular IDCW 1.00 10 14.3968
^For debt component
#Risk-free rate assumed to be 6.76% (MIBOR as on 30-09-24) 14-Mar-24 Direct IDCW 1.00 10 16.8312
Source: www.mmda.org
Note: As per AMFI guidelines for factsheet, the ratios are calculated based Pursuant to payment of IDCW, the NAV of the IDCW Option(s) of the Scheme/Plan(s) falls to the extent of payout and statutory levy, if any.
on month rolling returns for last 3 years. Data as on September 30, 2024 Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.
For complete list of IDCWs, visit www.mahindramanulife.com.
NAV as on Sep 30, 2024: 1
Includes additional expenses charged in terms of Regulation 52(6A)(b) and 52(6A)(c) of SEBI (Mutual Funds) Regulations, 1996 and Goods and
Regular Plan Direct Plan
NAV/Unit Services Tax; 2Yield to maturity should not be construed as minimum return offered by the Scheme.
(In Rs.) (In Rs.) IDCW: Income Distribution cum Capital Withdrawal. 3Calculated on amount invested in debt securities (including accrued interest), deployment of
IDCW 14.4025 17.1839 funds in TREPS and Reverse Repo and net receivable / payable.
Please refer Page no. 30 for Product labelling and Benchmark Riskometer
Growth 20.1739 23.2365

18
 Mahindra Manulife
FACTSHEET
Aggressive Hybrid
September 2024
Fund
(An open ended hybrid scheme investing
predominantly in equity and equity related instruments)

Investment Objective Portfolio ( Top Ten Holdings - Issuer wise) as on September 30, 2024
The Scheme seeks to generate long term capital Company / Issuer % of Net Company / Issuer Rating
% of Net
appreciation and also income through investments Assets Assets
in equity and equity related instruments and Automobile and Auto Components 5.32 Multi Commodity Exchange of India Ltd. 0.76
investments in debt and money market Tata Motors Ltd. 1.32 Forest Materials 0.48
instruments. However, there can be no assurance Eicher Motors Ltd. 1.15 Century Textiles & Industries Ltd. 0.48
that the investment objective of the Scheme will Schaeffler India Ltd. 1.02 Healthcare 2.90
be achieved. The Scheme does not assure or UNO Minda Ltd. 1.00 Abbott India Ltd. 1.22
guarantee any returns. LG Balakrishnan & Bros Ltd. 0.61 Divi's Laboratories Ltd. 0.88
Ola Electric Mobility Ltd 0.22 Biocon Ltd. 0.81
Fund Features Capital Goods 4.33 Information Technology 7.98
Balanced portfolio with growth focus Lakshmi Machine Works Ltd. 0.99 Infosys Ltd. 3.99
Kaynes Technology India Ltd. 0.84 Tata Consultancy Services Ltd. 1.98
Security selection through robust process
Suzlon Energy Ltd. 0.75 Wipro Ltd. 1.02
frameworks
Tega Industries Ltd. 0.70 Tech Mahindra Ltd. 1.00
Suitable for planning long term goals Apollo Pipes Ltd. 0.59 Oil Gas & Consumable Fuels 7.31
CG Power and Industrial Solutions Ltd. 0.46 Reliance Industries Ltd. 3.87
Fund Manager Chemicals 1.05 GAIL (India) Ltd. 1.61
and Experience SRF Ltd. 1.05 Bharat Petroleum Corporation Ltd. 1.24
Fund Manager (Equity): Ms. Fatema Pacha Construction 3.97 Oil India Ltd. 0.59
Total Experience: 18 years Larsen & Toubro Ltd. 2.95 Power 1.22
Experience in managing this fund: 3 years and Kalpataru Projects International Ltd. 1.02 Tata Power Company Ltd. 1.22
Construction Materials 2.53 Telecommunication 1.22
11 months (managing since October 16, 2020)
UltraTech Cement Ltd. 1.84 Bharti Airtel Ltd. 1.22
Fund Manager (Equity): Mr. Manish Lodha
JK Cement Ltd. 0.69 Textiles 0.62
Total Experience: 23 years Consumer Durables 2.70 Vardhman Textiles Ltd. 0.62
Experience in managing this fund: 3 years and Whirlpool of India Ltd. 1.35 Equity and Equity Related Total 78.42
9 months (Managing since December 21, 2020) Havells India Ltd. 1.35 Corporate Bond 8.81
Fund Manager (Debt): Mr. Rahul Pal Consumer Services 5.87 Bharti Telecom Ltd. CRISIL AA+ 1.63
Total Experience: 22 years Avenue Supermarts Ltd. 1.44 TVS Credit Services Ltd. CRISIL AA 1.34
Experience in managing this fund: 5 years and FSN E-Commerce Ventures Ltd. 1.05 National Bank For Agriculture CRISIL AAA 1.02
2 months (Managing since July 19, 2019) V-Mart Retail Ltd. 1.05 and Rural Development
Fund Manager (Debt): Mr. Amit Garg Aditya Vision Ltd 0.78 Kotak Mahindra Prime Ltd. CRISIL AAA 1.01
Total Experience: 19 years Devyani International Ltd. 0.61 Muthoot Finance Ltd. CRISIL AA+ 1.01
Experience in managing this fund: 5 months Arvind Fashions Ltd. 0.48 Godrej Industries Ltd. CRISIL AA 1.01
(Managing since May 02, 2024) Zomato Ltd. 0.46 Shriram Finance Ltd. CRISIL AA+ 0.84
Fast Moving Consumer Goods 8.69 Embassy Office Parks REIT CRISIL AAA 0.34
SCHEME DETAILS ITC Ltd. 2.61 Godrej Properties Ltd. ICRA AA+ 0.34
Hindustan Unilever Ltd. 1.59 Mindspace Business Parks REIT CRISIL AAA 0.13
Date of allotment: July 19, 2019
Balrampur Chini Mills Ltd. 1.26 360 One Prime Ltd. CRISIL AA 0.13
Benchmark: CRISIL Hybrid 35+65 Aggressive Index Nestle India Ltd. 0.94 Government Bond 8.94
Option: IDCW (IDCW Option will have IDCW Colgate Palmolive (India) Ltd. 0.83 7.1% GOI (MD 08/04/2034) SOV 3.00
Reinvestment (D) & IDCW Payout facility) and Doms Industries Ltd. 0.75 7.3% GOI (MD 19/06/2053) SOV 1.62
Growth (D) D-Default Gillette India Ltd. 0.71 7.23% GOI (MD 15/04/2039) SOV 1.40
Minimum Application Amount: Rs. 1,000/- and in Financial Services 22.22 7.18% GOI (MD 24/07/2037) SOV 1.35
multiples of Re. 1/- thereafter HDFC Bank Ltd. 5.96 7.34% GOI (MD 22/04/2064) SOV 0.71
ICICI Bank Ltd. 5.20 7.09% GOI (MD 05/08/2054) SOV 0.69
Minimum Redemption Amount: Rs. 1,000/- or
State Bank of India 2.87 4.04% GOI FRB (MD 04/10/2028) SOV 0.17
100 units or account balance, whichever is lower
Axis Bank Ltd. 2.23 Zero Coupon Bond 1.59
Minimum Weekly & Monthly SIP Amount: Rs 500 Shriram Finance Ltd. 1.80 Tata Motors Finance Ltd. CRISIL AA+ 1.59
and in multiples of Re 1 thereafter ICICI Prudential Life Insurance Company Ltd. 1.60 Cash & Net Receivables/(Payables) 2.24
Monthly AAUM as on September 30, 2024 L&T Finance Ltd. 1.00 Grand Total 100.00
(Rs. in Cr.): 1,463.03 Karur Vysya Bank Ltd. 0.79
Quarterly AAUM as on September 30, 2024
(Rs. in Cr.): 1,387.83 SECTOR ALLOCATION (%) MARKET CAPITALIZATION
Monthly AUM as on September 30, 2024 (% of Equity Holdings)
Financial Services 22.22
(Rs. in Cr.): 1,487.60
Fast Moving Consumer Goods 8.69
Total Expense Ratio1 Regular Plan: 2.06% Information Technology 7.98
as on Sep 30, 2024: Direct Plan: 0.45% Oil Gas & Consumable Fuels 7.31
Load Structure: Consumer Services 5.87 65.99 - Large Cap
Entry Load: N.A. Automobile and Auto Components 5.32
Exit Load: 10% of the units allotted shall be redeemed Capital Goods 4.33 15.67 - Mid Cap
without any exit load, on or before completion of 3 Construction 3.97
months from the date of allotment of Units. Healthcare 2.90
Consumer Durables 2.70 18.34 - Small Cap
Any redemption in excess of the above limit shall be
subject to the following exit load: Construction Materials 2.53
● An exit load of 1% is payable if Units are redeemed / Telecommunication 1.22
switched-out on or before completion of 3 months Power 1.22
Data as on September 30, 2024
from the date of allotment of Units; Chemicals 1.05
● Nil - If Units are redeemed / switched-out after Textiles 0.62
completion of 3 months from the date of allotment of Forest Materials 0.48 As per the latest Market Capitalisation data provided by AMFI
Units (In line with the applicable SEBI guidelines)
Data as on September 30, 2024
Portfolio Information
IDCW HISTORY
Annualised Portfolio YTM*2^ 7.60%3
Macaulay Duration^ 5.01 years3 IDCW Face Value Cum-IDCW NAV
Modified Duration^ 4.803
Record Date Plan(s) / Option(s)
(Rs. per unit) (Rs. per unit) (Rs. per unit)
Residual Maturity^ 8.85 years3
17-Mar-22 Regular IDCW 1.00 10 15.1780
Portfolio Turnover Ratio (Last 1 year) 0.84
As on (Date) September 30, 2024 17-Mar-22 Direct IDCW 1.00 10 15.9901
Standard Deviation 10.56% 27-Feb-23 Regular IDCW 1.00 10 15.0487
Beta 1.13 27-Feb-23 Direct IDCW 1.00 10 16.2165
Sharpe Ratio# 0.97
14-Mar-24 Regular IDCW 1.00 10 18.5445
Jenson’s Alpha 0.2270
*In case of semi annual YTM, it will be annualised 14-Mar-24 Direct IDCW 1.00 10 20.4453
^For debt component
#Risk-free rate assumed to be 6.76% (MIBOR as on 30-09-24)
Source: www.mmda.org Pursuant to payment of IDCW, the NAV of the IDCW Option(s) of the Scheme/Plan(s) falls to the extent of payout and statutory levy, if any. Past
Note: As per AMFI guidelines for factsheet, the ratios are calculated based performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.
on month rolling returns for last 3 years. Data as on September 30, 2024 For complete list of IDCWs, visit www.mahindramanulife.com.
NAV as on Sep 30, 2024:
1
Includes additional expenses charged in terms of Regulation 52(6A)(b) and 52(6A)(c) of SEBI (Mutual Funds) Regulations, 1996 and Goods and
Services Tax. 2Yield to maturity should not be construed as minimum return offered by the Scheme;
Regular Plan Direct Plan
NAV/Unit IDCW: Income Distribution cum Capital Withdrawal
(In Rs.) (In Rs.) 3
Calculated on amount invested in debt securities (including accrued interest), deployment of funds in TREPS and Reverse Repo and net
IDCW 20.9158 23.4049 receivable / payable.
Please refer Page no. 30 for Product labelling and Benchmark Riskometer
Growth 27.2658 30.0035

19
FACTSHEET Mahindra Manulife
September 2024
Balanced Advantage
Fund
(An open ended dynamic asset allocation fund)

Investment Objective
Portfolio ( Top Ten Holdings - Issuer wise) as on September 30, 2024

The investment objective of the Scheme is to Company / Issuer % of Net % to NAV Company / Issuer Rating % of Net % to NAV
provide capital appreciation and generate income Assets$ Derivatives Assets$ Derivatives
through a dynamic mix of equity, debt and money Automobile and Auto Components 7.53 -2.80 LTIMindtree Ltd. 1.87
market instruments. The Scheme seeks to reduce Mahindra & Mahindra Ltd. 1.85 HCL Technologies Ltd. 1.43
the volatility by diversifying the assets across equity,
Samvardhana Motherson International Ltd. 1.35 Persistent Systems Ltd. 1.41
debt and money market instruments. However,
there can be no assurance that the investment Bharat Forge Ltd. 1.01 -1.02 Oil Gas & Consumable Fuels 7.31 -3.73
objective of the Scheme will be achieved. Tata Motors Ltd. 0.97 -0.97 Reliance Industries Ltd. 3.82 -1.19
LG Balakrishnan & Bros Ltd. 0.87 Oil & Natural Gas Corporation Ltd. 1.54 -1.55
Fund Features Exide Industries Ltd. 0.80 -0.81 Hindustan Petroleum Corporation Ltd. 0.99 -0.99
TVS Motor Company Ltd. 0.68 GAIL (India) Ltd. 0.96
Optimal asset allocation at regular intervals.
Capital Goods 2.67 Power 2.53
Aims to capture the optimum mix between Equity Hitachi Energy India Ltd. 1.09 NTPC Ltd. 1.32
and Debt across market cycles. Voltamp Transformers Ltd. 0.66 CESC Ltd. 0.64
With flexibility to invest upto 100% in equity & Jyoti CNC Automation Ltd 0.53 NLC India Ltd. 0.56
debt, the Scheme may be suitable for volatile Suzlon Energy Ltd. 0.40 Services 1.43
market conditions. Chemicals 3.27 InterGlobe Aviation Ltd. 1.43
Endeavours to provide tax efficiency* PI Industries Ltd. 1.85 Telecommunication 1.36
*Though the scheme is a dynamic asset allocation scheme, SRF Ltd. 0.78 Bharti Airtel Ltd. 1.36
the endeavour will be to invest a minimum of 65% of its net Bayer Cropscience Ltd. 0.64 Textiles 0.47
assets in equity and equity related instruments which may
help in attracting equity taxation as per prevailing tax laws.
Consumer Services 6.09 Vardhman Textiles Ltd. 0.47
Trent Ltd. 1.96 Equity and Equity Related Total 67.79 -10.67
Fund Manager and Zomato Ltd. 1.63 Certificate of Deposit 2.09
Experience Aditya Vision Ltd 1.09 Kotak Mahindra Bank Ltd. CRISIL A1+ 1.04
Fund Manager (Equity): Mr. Manish Lodha The Indian Hotels Company Ltd. 0.82 Punjab National Bank CRISIL A1+ 0.52
Total Experience: 23 years Arvind Fashions Ltd. 0.59 Axis Bank Ltd. CRISIL A1+ 0.52
Experience in managing this fund: 2 Years and Fast Moving Consumer Goods 10.33 -2.38 Corporate Bond 8.74
9 months (Managing since December 30, 2021) ITC Ltd. 2.84 National Bank For Agriculture CRISIL AAA 4.42
Fund Manager (Equity): Ms. Fatema Pacha Hindustan Unilever Ltd. 2.53 and Rural Development
Total Experience: 18 years United Spirits Ltd. 2.37 -2.38 Shriram Finance Ltd. CRISIL AA+ 1.66
Experience in managing this fund: 2 Years and Marico Ltd. 1.11 REC Ltd. CRISIL AAA 1.10
9 months (managing since December 30, 2021) Colgate Palmolive (India) Ltd. 0.76 Bharti Telecom Ltd. CRISIL AA+ 1.00
Fund Manager (Debt): Mr. Rahul Pal Balrampur Chini Mills Ltd. 0.72 Power Finance CRISIL AAA 0.56
Total Experience: 22 years Godrej Consumer Products Ltd. 0.003 Corporation Ltd.
Experience in managing this fund: 2 Years and Government Bond 10.62
Financial Services 16.54 -1.75
9 months (Managing since December 30, 2021) 7.1%GOI SOV 2.49
HDFC Bank Ltd. 4.54
(MD 08/04/2034)
ICICI Bank Ltd. 2.18 -1.12
Scheme Details Kotak Mahindra Bank Ltd. 1.65
7.18% GOI SOV 2.46
(MD 24/07/2037)
Date of allotment: December 30, 2021 Bajaj Finance Ltd. 1.53 7.23% GOI SOV 2.30
Benchmark: Nifty 50 Hybrid Composite Debt Multi Commodity Exchange of India Ltd. 1.13 (MD 15/04/2039)
50: 50 Index TRI Cholamandalam Financial Holdings Ltd. 1.02 7.38% GOI SOV 1.69
Options: Option: IDCW and Growth (D) D - Default The Federal Bank Ltd. 0.98 (MD 20/06/2027)
IDCW Sub-options: IDCW Reinvestment (D) Bandhan Bank Ltd. 0.77 7.3% GOI SOV 1.16
& IDCW Payout L&T Finance Ltd. 0.74 (MD 19/06/2053)
Minimum Application Amount: Rs. 1,000/- and in 360 One WAM Ltd. 0.72 7.34% GOI SOV 0.35
multiples of Re.1/- thereafter ICICI Lombard General 0.65 (MD 22/04/2064)
Insurance Company Ltd. 7.09% GOI SOV 0.17
Minimum Additional Purchase Amount: Rs. 1,000/-
State Bank of India 0.63 -0.63 (MD 05/08/2054)
and in multiples of Re. 1/- thereafter
Manappuram Finance Ltd. 0.01 Treasury Bill 2.51
Minimum Redemption/Switch-Out Amount: 364 Days Tbill SOV 1.41
Rs. 1,000/- or 100 units or account balance, Forest Materials 0.54
JK Paper Ltd. 0.54 (MD 02/01/2025)
whichever is lower 364 Days Tbill SOV 1.10
Minimum Weekly & Monthly SIP Amount: Rs 500 Healthcare 1.10
(MD 21/11/2024)
and in multiples of Re 1 thereafter Alkem Laboratories Ltd. 0.60
Cash & Other Receivables 8.26
Mankind Pharma Ltd. 0.50
Minimum Weekly & Monthly SIP Installments: 6 Grand Total 100.00
Information Technology 6.63
Monthly AAUM as on September 30, 2024 Tata Consultancy Services Ltd. 1.92
$
Hedged and Unhedged positions
(Rs. in Cr.): 896.09
Quarterly AAUM as on September 30, 2024 SECTOR ALLOCATION MARKET CAPITALIZATION
(Rs. in Cr.): 856.00 (% Unhedged Equity) (% of Equity Holdings)
Monthly AUM as on September 30, 2024 Financial Services 16.54
(Rs. in Cr.): 903.98 Fast Moving Consumer Goods 10.33
Total Expense Ratio1 Regular Plan: 2.21% Automobile and Auto Components 7.53
as on Sep 30, 2024: Direct Plan: 0.50%
Oil Gas & Consumable Fuels 7.31
Load Structure: Information Technology 6.63 63.23 - Large Cap
Entry Load: N.A. Consumer Services 6.09
Exit Load: 10% of the units allotted shall be redeemed 22.59 - Mid Cap
without any exit load, on or before completion of 3 months Chemicals 3.27
from the date of allotment of Units. Capital Goods 2.67 14.18 - Small Cap
Any redemption in excess of the above limit shall be subject Power 2.53
to the following exit load:
Services 1.43
● An Exit Load of 1% is payable if Units are redeemed /
switched-out on or before completion of 3 months from the Telecommunication 1.36
date of allotment of Units; Healthcare 1.10
● Nil - If Units are redeemed / switched-out after completion
Forest Materials 0.54 Data as on September 30, 2024
of 3 months from the date of allotment of Units.
Textiles 0.47
As per the latest Market Capitalisation data provided by AMFI
Portfolio Information Data as on September 30, 2024 (In line with the applicable SEBI guidelines)
Annualised Portfolio YTM*2^ 7.09%3
IDCW HISTORY
Macaulay Duration^ 3.17 years3
Modified Duration^ 3.053 IDCW Face Value Cum-IDCW NAV
Record Date Plan(s) / Option(s)
Residual Maturity^ 5.16 years3 (Rs. per unit) (Rs. per unit) (Rs. per unit)
Portfolio Turnover Ratio (Last 1 year) 3.02
14-Mar-24 Regular IDCW 1.00 10 13.1323
As on (Date) September 30, 2024
14-Mar-24 Direct IDCW 1.00 10 13.6732
*In case of semi annual YTM, it will be annualised
^For debt component Pursuant to payment of IDCW, the NAV of the IDCW Option(s) of the Scheme/Plan(s) falls to the extent of payout and statutory levy, if any.
Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments.
For complete list of IDCWs, visit www.mahindramanulife.com.
NAV as on Sep 30, 2024: 1
Includes additional expenses charged in terms of Regulation 52(6A)(b) and 52(6A)(c) of SEBI (Mutual Funds) Regulations, 1996 and
Regular Plan Direct Plan Goods and Services Tax. 2Yield to maturity should not be construed as minimum return offered by the Scheme;
NAV/Unit
(In Rs.) (In Rs.) IDCW: Income Distribution cum Capital Withdrawal
IDCW 13.3290 14.0606
3
Calculated on amount invested in debt securities (including accrued interest), deployment of funds in TREPS and Reverse Repo and net
receivable / payable.
Growth 14.4602 15.2024 Please refer Page no. 30 for Product labelling and Benchmark Riskometer

20
 Mahindra Manulife Multi
FACTSHEET
Asset Allocation Fund
September 2024
(An open ended scheme investing in Equity, Debt, Gold/Silver
Exchange Traded Funds (ETFs) and Exchange Traded
Commodity Derivatives)

Investment Objective Portfolio ( Top Ten Holdings - Issuer wise) as on September 30, 2024
The investment objective of the Scheme is to seek to Company / Issuer % of Net Company / Issuer Rating% of Net
generate long-term capital appreciation and income Assets Assets
by investing in equity and equity related securities, Automobile and Auto Components 2.44 LTIMindtree Ltd. 1.24
debt & money market instruments, Gold/Silver ETFs Hero MotoCorp Ltd. 0.72 Infosys Ltd. 1.17
and Exchange Traded Commodity Derivatives Tata Motors Ltd. 0.65 Tech Mahindra Ltd. 1.07
(ETCDs) as permitted by SEBI from time to time. Maruti Suzuki India Ltd. 0.64 Persistent Systems Ltd. 0.49
However, there can be no assurance that the LG Balakrishnan & Bros Ltd. 0.43 Metals & Mining 1.27
investment objective of the Scheme will be achieved. Capital Goods 3.05 Tata Steel Ltd. 0.66
Kirloskar Brothers Ltd. 0.46 Hindalco Industries Ltd. 0.60
Fund Features Escorts Kubota Ltd. 0.41 Oil Gas & Consumable Fuels 4.44
PTC Industries Ltd. 0.41 Hindustan Petroleum Corporation Ltd. 0.84
Professional Asset Allocation Asset Allocation shall be Technocraft Industries (India) Ltd. 0.38 Reliance Industries Ltd. 0.63
rebalanced regularly by fund managers based on Ratnamani Metals & Tubes Ltd. 0.37 Coal India Ltd. 0.54
evolving market dynamics Syrma SGS Technology Ltd. 0.34 Petronet LNG Ltd. 0.46
Carborundum Universal Ltd. 0.34 Oil India Ltd. 0.45
Diversified Portfolio Portfolio that aims to combine Inox India Ltd. 0.33 GAIL (India) Ltd. 0.44
stability of fixed income, growth potential of equity and Chemicals 1.31 Indraprastha Gas Ltd. 0.38
tactical exposure to gold/silver Coromandel International Ltd. 0.93 Bharat Petroleum Corporation Ltd. 0.35
Archean Chemical Industries Ltd. 0.38 Oil & Natural Gas Corporation Ltd. 0.34
Construction 1.09 Power 1.98
Fund Manager and Larsen & Toubro Ltd. 0.57 NTPC Ltd. 1.53
Experience ISGEC Heavy Engineering Ltd. 0.51 CESC Ltd. 0.46
Construction Materials 1.95 Textiles 0.84
Fund Manager (Equity): Mr. Renjith Sivaram
Total Experience: 13 years Grasim Industries Ltd. 0.77 S. P. Apparels Ltd. 0.45
Experience in managing this fund: 6 months Shree Cement Ltd. 0.68 Nitin Spinners Ltd. 0.39
(managing since March 13, 2024) JK Cement Ltd. 0.50 Equity and Equity Related Total 38.05
Consumer Durables 0.57 Real Estate Investment Trusts (REIT) 2.70
Fund Manager (Debt): Mr. Rahul Pal Voltas Ltd. 0.57 Brookfield India Real Estate Trust Realty 2.70
Total Experience: 22 years Consumer Services 1.19 Exchange Traded Funds (ETF) 16.31
Experience in managing this fund: 6 months Aditya Vision Ltd 1.19 Nippon India Silver ETF 8.73
(managing since March 13, 2024) Fast Moving Consumer Goods 4.21 ICICI Prudential Gold ETF 7.58
ITC Ltd. 1.11 Corporate Bond 20.19
Fund Manager: Mr. Pranav Patel$
Total Experience: 9 years Tata Consumer Products Ltd. 0.74 National Bank For Agriculture CRISIL AAA 6.76
Emami Ltd. 0.65 and Rural Development
Experience in managing this fund: 6 months
(managing since March 13, 2024) Triveni Engineering & Industries Ltd. 0.48 Muthoot Finance Ltd. CRISIL AA+ 4.80
Hindustan Unilever Ltd. 0.46 Kotak Mahindra Investments Ltd. CRISIL AAA 1.93
$
Dedicated Fund Manager for Overseas Investments Dabur India Ltd. 0.38 Godrej Industries Ltd. CRISIL AA 1.93
Jyothy Labs Ltd. 0.38 Cholamandalam Investment ICRA AA+ 1.91
Scheme Details Financial Services 7.58 and Finance Company Ltd
ICICI Bank Ltd. 1.41 Small Industries Dev Bank of India CRISIL AAA 1.90
State Bank of India 1.37 Bharti Telecom Ltd. CRISIL AA+ 0.96
Date of allotment: March 13, 2024
HDFC Bank Ltd. 1.35 Government Bond 14.37
Benchmark: 45% NIFTY 500 TRI + 40% CRISIL IndusInd Bank Ltd. 0.93 7.1%GOI (MD 08/04/2034) SOV 4.11
Composite Bond Index + 10% Domestic Price of L&T Finance Ltd. 0.91 7.3% GOI (MD 19/06/2053) SOV 3.62
Physical Gold + 5% Domestic Price of Silver
SBI Life Insurance Company Ltd. 0.76 7.23% GOI (MD 15/04/2039) SOV 2.98
Option: IDCW (IDCW Option will have IDCW Kotak Mahindra Bank Ltd. 0.49 7.18% GOI (MD 24/07/2037) SOV 2.96
Reinvestment (D) & IDCW Payout facility) and REC Ltd. 0.36 7.34% GOI (MD 22/04/2064) SOV 0.40
Growth (D) D-Default Healthcare 2.16 7.32% GOI (MD 13/11/2030) SOV 0.30
Minimum Application Amount: Rs. 1,000/- and in Divi's Laboratories Ltd. 1.35 Cash & Net Receivables/(Payables) 8.39
multiples of Re. 1/- thereafter Sun Pharmaceutical Industries Ltd. 0.81 Grand Total 100.00
Minimum Additional Purchase Amount: Rs. 1,000/- Information Technology 3.97
and in multiples of Re. 1/- thereafter
Minimum amount for redemption/switch out:
Rs. 1,000/- or 100 units or account balance, whichever is lower
Minimum Weekly & Monthly SIP Amount: Rs 500 SECTOR ALLOCATION (%) MARKET CAPITALIZATION
and in multiples of Re 1 thereafter (% of Equity Holdings)
Minimum Weekly & Monthly SIP Installments: 6 Financial Services 7.58
Minimum Quarterly SIP Amount: Rs 1,500 and in Oil Gas & Consumable Fuels 4.44
multiples of Re 1 thereafter Fast Moving Consumer Goods 4.21
Minimum Quarterly SIP installments: 4 Information Technology 3.97
Monthly AAUM as on September 30, 2024 Capital Goods 3.05
(Rs. in Cr.): 508.40
Automobile and Auto Components 2.44 63.46 - Large Cap
Quarterly AAUM as on September 30, 2024
(Rs. in Cr.): 457.39 Healthcare 2.16
15.61 - Mid Cap
Monthly AUM as on September 30, 2024 Power 1.98
(Rs. in Cr.): 523.03 Construction Materials 1.95 20.93 - Small Cap
Total Expense Ratio1 Regular Plan: 2.05%
Chemicals 1.31
as on Sep 30, 2024: Direct Plan: 0.43%
Metals & Mining 1.27
Load Structure:
Entry Load: N.A. Consumer Services 1.19
Exit Load:- ● An Exit Load of 0.5% is payable if Units Construction 1.09
are redeemed / switched-out up to 3 months from Data as on September 30, 2024
Textiles 0.84
the date of allotment;
● Nil if Units are redeemed / switched-out after 3 Consumer Durables 0.57
months from the date of allotment. As per the latest Market Capitalisation data provided by AMFI
Redemption /Switch-Out of Units would be done on (In line with the applicable SEBI guidelines)
Data as on September 30, 2024
First in First out Basis (FIFO).

Portfolio Information
Annualised Portfolio YTM*2^ 7.38%3
Macaulay Duration^ 4.54 years3
Modified Duration^ 4.333
Residual Maturity^ 7.32 years3
As on (Date) September 30, 2024
*In case of semi annual YTM, it will be annualised
^For debt component 1
Includes additional expenses charged in terms of Regulation 52(6A)(b) and 52(6A)(c) of SEBI (Mutual Funds) Regulations, 1996 and Goods
and Services Tax. 2Yield to maturity should not be construed as minimum return offered by the Scheme;
NAV as on Sep 30, 2024: IDCW: Income Distribution cum Capital Withdrawal
Regular Plan Direct Plan Calculated on amount invested in debt securities (including accrued interest), deployment of funds in TREPS and Reverse Repo and net
NAV/Unit 3

(In Rs.) (In Rs.) receivable / payable.

IDCW 11.4578 11.5621 Please refer Page no. 30 for Product labelling and Benchmark Riskometer

Growth 11.4578 11.5621

21
 Mahindra Manulife
FACTSHEET
Arbitrage Fund
September 2024
(An open ended scheme investing in arbitrage opportunities)

Investment Objective Portfolio ( Top Ten Holdings - Issuer wise) as on September 30, 2024
The investment objective of the Scheme is to Company / Issuer % of Net Company / Issuer Rating % of Net
generate income by predominantly investing in Assets Assets
arbitrage opportunities in the cash and derivatives Fully Hedged equity Tata Steel Ltd. 2.73
segment of the equity market and the arbitrage
Automobile and Auto Components 5.81 JSW Steel Ltd. 2.18
opportunities available within the derivative
segment and by investing the balance in debt and Maruti Suzuki India Ltd. 3.77 Hindalco Industries Ltd. 1.51
money market instruments. However, there can Mahindra & Mahindra Ltd. 1.54 Vedanta Ltd. 1.46
be no assurance that the investment objective of Hero MotoCorp Ltd. 0.49 Steel Authority of India Ltd. 1.02
the Scheme will be achieved. Capital Goods 2.12 Oil Gas & Consumable Fuels 8.49
Ashok Leyland Ltd. 2.12 Hindustan Petroleum Corporation Ltd. 3.73
Fund Features Construction 1.99 Coal India Ltd. 2.24
Relatively lower risk as arbitrage strategy focuses Larsen & Toubro Ltd. 1.99 Oil & Natural Gas Corporation Ltd. 1.96
on protecting downside risk by capturing market
Construction Materials 2.47 Reliance Industries Ltd. 0.56
spreads
UltraTech Cement Ltd. 2.47 Power 10.02
Better tax efficiency on returns compared to short
Consumer Durables 1.78 Tata Power Company Ltd. 7.61
term debt funds
Titan Company Ltd. 1.78 NTPC Ltd. 2.40
One of the least volatile hybrid schemes that is
suitable for investment across market cycles Fast Moving Consumer Goods 2.92 Services 2.53
ITC Ltd. 1.58 Adani Ports and Special Economic Zone Ltd. 2.53
Fund Manager Hindustan Unilever Ltd. 1.35 Telecommunication 2.44
and Experience Financial Services 16.42 Indus Towers Ltd. 2.28
Fund Manager (Equity): Mr. Abhinav Khandelwal HDFC Bank Ltd. 4.34 Bharti Airtel Ltd. 0.15
Total Experience: 14 years Axis Bank Ltd. 3.29 Equity and Equity Related Total 68.19
Experience in managing this fund: 2 years and Kotak Mahindra Bank Ltd. 2.82 Mutual Fund Units 5.18
6 months (Managing since April 1, 2022) Cholamandalam Investment 2.20 Mahindra Manulife Liquid Others 5.18
Fund Manager (Equity): Mr. Manish Lodha
and Finance Company Ltd Fund - Direct Plan - Growth**
Total Experience: 23 years
Bajaj Finserv Ltd. 1.88 Treasury Bill 13.13
Experience in managing this fund: 3 years and
9 months (Managing since December 21, 2020) IndusInd Bank Ltd. 1.03 364 Days Tbill (MD 23/01/2025) SOV 4.66
Fund Manager (Debt): Mr. Rahul Pal Canara Bank 0.86 182 Days Tbill (MD 11/10/2024) SOV 1.90
Total Experience: 22 years Healthcare 1.28 364 Days Tbill (MD 14/11/2024) SOV 1.89
Experience in managing this fund: 4 years and Sun Pharmaceutical Industries Ltd. 1.28 364 Days Tbill (MD 12/12/2024) SOV 1.88
1 month (Managing since August 24, 2020) Information Technology 1.03 364 Days Tbill (MD 02/01/2025) SOV 1.87
Scheme Details Infosys Ltd. 0.64 364 Days Tbill (MD 17/10/2024) SOV 0.95
Wipro Ltd. 0.39 Cash & Other Receivables 13.49
Date of allotment: August 24, 2020 Metals & Mining 8.90 Grand Total 100.00
Benchmark: Nifty 50 Arbitrage TRI
Option: IDCW (IDCW Option will have IDCW
Reinvestment (D) & IDCW Payout facility)
and Growth (D) D-Default
Minimum Amount for Subscription / Purchase:
Rs. 1,000/- and in multiples of Re. 1/- thereafter.
Minimum Amount for Switch in: Rs. 1,000/- SECTOR ALLOCATION (%)
and in multiples of Re. 0.01/- thereafter. Financial Services 16.42
Minimum Amount for Redemption / Switch-outs:
Power 10.02
Rs. 1,000/- or 100 units or account balance,
whichever is lower Metals & Mining 8.90
Minimum Weekly & Monthly SIP Amount: Rs 500 Oil Gas & Consumable Fuels 8.49
and in multiples of Re 1 thereafter Automobile and Auto Components 5.81
Monthly AAUM as on September 30, 2024 Fast Moving Consumer Goods 2.92
(Rs. in Cr.): 102.34
Services 2.53
Quarterly AAUM as on September 30, 2024
(Rs. in Cr.): 94.80 Construction Materials 2.47
Monthly AUM as on September 30, 2024 Telecommunication 2.44
(Rs. in Cr.): 105.24 Capital Goods 2.12
Total Expense Ratio1 Regular Plan: 1.21%
Construction 1.99
as on Sep 30, 2024: Direct Plan: 0.41%
Load Structure: Consumer Durables 1.78
Entry Load: N.A. Healthcare 1.28
Exit Load: Information Technology 1.03
● An exit load of 0.25% is payable if Units are redeemed /
switched-out on or before completion of 30 days from the
Data as on September 30, 2024
date of allotment of Units;
● Nil - If Units are redeemed / switched-out after
completion of 30 days from the date of allotment of Units.
Redemption /Switch-Out of Units would be done on First Asset Allocation (%)
in First out Basis (FIFO).

Portfolio Information
Annualised Portfolio YTM*2^ 6.55%3
Macaulay Duration^ 36.94 days3 68.19 - Fully Hedged Equity
Modified Duration^ 0.103
13.13 - Treasury Bill
Residual Maturity^ 36.94 days3
Portfolio Turnover Ratio (Last 1 year) 9.02 5.18 - Mutual Fund Units**
As on (Date) September 30, 2024
13.49 - Cash & Cash Equivalent
Standard Deviation 0.60%
Beta 0.68
Sharpe Ratio #
-3.57
Jenson’s Alpha -0.1294
*In case of semi annual YTM, it will be annualised
^For debt component Data as on September 30, 2024
#Risk-free rate assumed to be 6.76%
(MIBOR as on 30-09-24)
Source: www.mmda.org
Note: As per AMFI guidelines for factsheet, the ratios are 1
Includes additional expenses charged in terms of Regulation 52(6A)(b) and 52(6A)(c) of SEBI (Mutual Funds) Regulations,
calculated based on month rolling returns for last 3 years. 1996 and Goods and Services Tax; 2Yield to maturity should not be construed as minimum return offered by the Scheme.
Data as on September 30, 2024
IDCW: Income Distribution cum Capital Withdrawal
NAV as on Sep 30, 2024: 3
Calculated on amount invested in debt securities (including accrued interest), deployment of funds in TREPS and Reverse
Regular Plan Direct Plan Repo and net receivable / payable.
NAV/Unit
(In Rs.) (In Rs.) **Mutual Fund units as provided above is towards margin for derivatives positions.
IDCW 11.8419 12.2512 Please refer Page no. 30 for Product labelling and Benchmark Riskometer

Growth 11.8419 12.2512

22
 Debt Scheme Snapshot
Data as on 30th September - 2024

Fund Characteristics Mahindra Manulife Mahindra Manulife Mahindra Manulife Mahindra Manulife Mahindra Manulife Mahindra Manulife
Overnight Fund Liquid Fund Ultra Short Low Duration Fund Short Duration Fund Dynamic Bond Fund
Duration Fund

Category Overnight Fund Liquid Fund Ultra Short Duration Fund Low Duration Fund Short Duration Fund Dynamic Bond

Inception Date July 23, 2019 July 4, 2016 October 17, 2019 February 15, 2017 February 23, 2021 August 20, 2018
About
Fund
CRISIL Liquid CRISIL Liquid CRISIL Ultra Short Duration CRISIL Low Duration CRISIL Short Duration CRISIL Dynamic Bond
Benchmark
Overnight Index Debt A-I Index Debt A-I Index Debt A-I Index Debt A-II Index A-III Index

Fund Manager Rahul Pal & Amit Garg Rahul Pal & Amit Garg Rahul Pal & Amit Garg Rahul Pal Rahul Pal & Mr. Pranav Patel^ Rahul Pal

AA
AA+
Rating AAA/A1+
Profile
(% Net Sovereign
Assets) Cash & Cash Equivalents1
Corporate Debt Market
Development Fund

Annualised Portfolio YTM2 6.77% 7.20% 7.62% 7.78% 7.57% 7.15%

Residual Maturity 1.99 Days 55.84 Days 198.11 Days 435.82 Days 3.39 Years 17.73 Years

Modified Duration 0.01 0.15 0.46 0.85 2.70 8.36

Macaulay Duration 1.99 Days 55.76 Days 177.92 Days 329.28 Days 2.82 Years 8.66 Years
Portfolio
Statistics
Month End AUM (` in Cr.) 157.89 1,016.37 235.61 556.66 63.48 59.68

Month Avg. AUM (` in Cr.) 154.65 1,308.89 249.51 561.76 65.26 56.07

Total Expense Ratio (D) 0.09%3 0.16%3 0.28%3 0.30%3 0.29%3 0.39%3

Total Expense Ratio (R) 0.19%3 0.27%3 0.70%3 1.09%3 1.26%3 1.57%3

1 Cash & Cash Equivalents includes Fixed Deposits, Cash & Current Assets and TREPS. 2 Yield to maturity should not be construed as minimum return offered by the Scheme. 3 Includes additional expenses charged in terms of Regulation 52(6A)(b) of SEBI (Mutual
Funds) Regulations, 1996 and Goods and Services Tax. ^ Dedicated Fund Manager for Overseas Investments. Please refer Pg. no 32 to 39 of Factsheet for complete details of Scheme performance as per SEBI prescribed format.
FACTSHEET
Mahindra Manulife
September 2024
Liquid Fund
(An open ended liquid scheme. A relatively low interest
rate risk and moderate credit risk.)

Investment Objective Portfolio ( Top Ten Holdings - Issuer wise) as on September 30, 2024

The Scheme seeks to deliver reasonable market Company / Issuer Rating % of Net
related returns with lower risk and higher liquidity Assets
through a portfolio of money market and debt Certificate of Deposit 46.08
instruments. However, there is no assurance that
Punjab National Bank CRISIL A1+ / FITCH A1+ 9.71
the investment objective of the Scheme will be
realized and the Scheme does not assure or Canara Bank CRISIL A1+ 7.28
guarantee any returns. Axis Bank Ltd. CRISIL A1+ 7.26
State Bank of India CRISIL A1+ 7.26
Fund Features
Bank of Baroda FITCH A1+ 4.86
Low volatility: Relatively safer during times of ICICI Bank Ltd. ICRA A1+ 4.86
high market volatility as liquid funds usually invest
in Commercial Papers, Certificate of Deposits, HDFC Bank Ltd. CRISIL A1+ 2.43
CBLO/ Repos and in short term debt instruments Small Industries Dev Bank of India CARE A1+ 2.43
with maturity profile of not more than 91 days. Commercial Paper 35.65
Easy liquidity: Investors can invest in liquid funds Export Import Bank of India CRISIL A1+ 4.90
even for a day.
Motilal Oswal Financial Services Ltd. ICRA A1+ 4.39
Cash Management Tool for treasuries of any
Shriram Finance Ltd. CRISIL A1+ 4.38
size: Optimal utilization of idle cash for cash
management purposes. PNB Housing Finance Ltd. CRISIL A1+ 2.45

Fund Manager Tata Housing Development Company Ltd. CARE A1+ 2.45
and Experience Godrej Industries Ltd. CRISIL A1+ 2.45
Fund Manager: Mr. Rahul Pal 360 One WAM Ltd. ICRA A1+ 2.44
Total Experience: 22 years 360 One Prime Ltd. CRISIL A1+ 2.44
Experience in managing this fund: 8 years and
Reliance Retail Ventures Ltd. CRISIL A1+ 2.43
3 months (managing since July 04, 2016)
Axis Securities Ltd. CARE A1+ 2.43
Fund Manager: Mr. Amit Garg
Total Experience: 19 years Larsen & Toubro Ltd. CRISIL A1+ 2.43
Experience in managing this fund: 4 years and Nuvama Wealth Management Ltd. CRISIL A1+ 1.48
4 months (Managing since June 8, 2020) Nuvama Wealth Finance Ltd. CRISIL A1+ 0.98
Scheme Details Corporate Debt Market Development Fund 0.28
Corporate Debt Market Development Fund Class A2 0.28
Date of allotment: July 4, 2016
Government Bond 8.46
Benchmark: CRISIL Liquid Debt A-I Index
6.18% GOI (MD 04/11/2024) SOV 4.92
Available Plans for subscription by investors:
GOI Strips (MD 12/12/2024 ) SOV 2.96
Direct (Default) and Regular
7.63% GOI (MD17/06/2059)-Strips (C)-(MD17/12/2024) SOV 0.58
Available Options under each plan: Growth
(Default) and IDCW Treasury Bill 10.06
Available Facilities under IDCW Option: IDCW 182 Days Tbill (MD 19/12/2024) SOV 3.88
Reinvestment (Daily (Default) and Weekly ) 91 Days Tbill (MD 03/10/2024) SOV 2.46
Minimum Application Amount: Rs. 1,000/- and in 91 Days Tbill (MD 31/10/2024) SOV 2.45
multiples of Re. 1/- thereafter 364 Days Tbill (MD 03/10/2024) SOV 0.30
Minimum Additional Purchase Amount: Rs. 1,000/- 182 Days Tbill (MD 11/10/2024) SOV 0.29
and in multiples of Re. 1/- thereafter
364 Days Tbill (MD 14/11/2024) SOV 0.29
Minimum Repurchase / Redemption Amount:
364 Days Tbill (MD 12/12/2024) SOV 0.29
Rs. 1,000/- or 1 unit or account balance,
whichever is lower 182 Days Tbill (MD 18/10/2024) SOV 0.10
Monthly AAUM as on September 30, 2024 Cash & Other Receivables -0.53
(Rs. in Cr.): 1,308.89 Grand Total 100.00
Quarterly AAUM as on September 30, 2024
(Rs. in Cr.): 1,417.68
Monthly AUM as on September 30, 2024
(Rs. in Cr.): 1,016.37
Total Expense Ratio1 Regular Plan: 0.27%
as on Sep 30, 2024: Direct Plan: 0.16%
Load Structure:
Entry Load: N.A.
Exit Load:
Investor Exit upon Exit Load as % of
subscription redemption proceed
Day 1 0.0070% Asset Allocation (%) Rating Profile (%)
Day 2 0.0065%
Day 3 0.0060% 81.73 - A1+
46.08 - Certificate of Deposit
Day 4 0.0055%
Day 5 0.0050% 35.65 - Commercial Paper 18.52 - Sovereign
Day 6 0.0045%
Day 7 onwards 0.0000% 10.06 - Treasury Bill
0.28 - Corporate Debt
Redemption /Switch-Out of Units would be done on First in 8.46 - Government Bond
First out Basis (FIFO). Market Development
The above mentioned exit load shall not apply to the Fund
0.28 - Corporate Debt Market
Unclaimed Plan offered under the scheme.
Development Fund
-0.53 - Cash & Cash
Portfolio Information -0.53 - Cash & Cash Equivalents** Equivalents**

Annualised Portfolio YTM*2 7.20%

Macaulay Duration 55.76 days
Modified Duration 0.15
Data as on September 30, 2024. **Cash & Cash Equivalents includes Fixed Deposits, Cash & Current Assets and TREPS
Residual Maturity 55.84 days
As on (Date) September 30, 2024
*In case of semi annual YTM, it will be annualised
1
Includes additional expenses charged in terms of Regulation 52(6A)(b) of SEBI (Mutual Funds) Regulations, 1996 and Goods
NAV as on Sep 30, 2024: and Services Tax.
Regular Plan Direct Plan
NAV/Unit Yield to maturity should not be construed as minimum return offered by the Scheme
2
(In Rs.) (In Rs.)
Daily IDCW 1000.5686 1147.2662 IDCW: Income Distribution cum Capital Withdrawal

Weekly IDCW 1010.2667 1003.8551 Please refer Page no. 30 for Product labelling and Benchmark Riskometer

Growth 1613.7870 1629.7381 Please refer Page no. 31 for Potential Risk Class Matrix of the Scheme

23
 Mahindra Manulife
FACTSHEET
Low Duration Fund
September 2024 (An open ended low duration debt scheme investing in instruments
such that the Macaulay duration of the Portfolio is between 6
months and 12 months (please refer to page no. 19 of SID). A
relatively low interest rate risk and moderate credit risk.)

Investment Objective Portfolio ( Top Ten Holdings - Issuer wise) as on September 30, 2024
The investment objective of the Scheme is to Company / Issuer Rating % of Net Company / Issuer Rating % of Net
provide reasonable returns, commensurate with a Assets Assets
low to moderate level of risk and high degree of
liquidity, through a portfolio constituted of money Certificate of Deposit 16.44 Larsen & Toubro Ltd. CRISIL AAA 2.69
market and debt instruments. However, there is
Axis Bank Ltd. CRISIL A1+ 6.19 National Housing Bank CRISIL AAA 2.69
no assurance that the investment objective of the
Scheme will be realized and the Scheme does not HDFC Bank Ltd. CRISIL A1+ 4.26 Muthoot Finance Ltd. CRISIL AA+ 1.78
assure or guarantee any returns.
Punjab National Bank CRISIL A1+ 3.39 Cholamandalam Investment ICRA AA+ 0.36
ICICI Bank Ltd. ICRA A1+ 1.75 and Finance Company Ltd
Fund Features Kotak Mahindra Bank Ltd. CRISIL A1+ 0.85 Corporate Debt Market Development Fund 0.23
Positioned between liquid funds and short-duration
Corporate Bond 66.59 Corporate Debt Market Development Fund Class A2 0.23
funds with respect to the risk-return matrix.
Potentially better returns than that of liquid funds REC Ltd. CRISIL AAA 8.07 Government Bond 3.69
through strategic shifts in the maturity profile. National Bank For Agriculture CRISIL AAA 8.02 4.7% GOI FRB (MD 22/09/2033) SOV 2.77
Lower volatility through relatively lower duration
than short duration funds. and Rural Development / ICRA AAA 7.32% GOI (MD 13/11/2030) SOV 0.93
Higher flexibility in asset allocation vis-à-vis liquid Small Industries Dev Bank of India CRISIL AAA 6.27 Reduced Face Value Bonds 2.68
funds.
/ ICRA AAA JM Financial Products Ltd. CRISIL AA 2.68

Fund Manager Shriram Finance Ltd. CRISIL AA+ 5.22 State Government Bond 0.91
and Experience Godrej Industries Ltd. CRISIL AA 5.08 8.16% Maharastra SDL (23/09/2025)SOV 0.91
Fund Manager: Mr. Rahul Pal Embassy Office Parks REIT CRISIL AAA 4.94 Treasury Bill 5.24
Total Experience: 22 years
Experience in managing this fund: 7 years and LIC Housing Finance Ltd. CRISIL AAA 4.79 182 Days Tbill (MD 06/02/2025) SOV 2.63
8 months (managing since February 15, 2017) Bharti Telecom Ltd. CRISIL AA+ 4.50 364 Days Tbill (MD 11/04/2025) SOV 2.61
Export Import Bank of India CRISIL AAA 4.43 Cash & Other Receivables 4.23
Scheme Details
360 One Prime Ltd. CRISIL AA 4.32 Grand Total 100.00
Date of allotment: February 15, 2017
Benchmark: CRISIL Low Duration Debt A-I Index Bajaj Housing Finance Ltd. CRISIL AAA 3.41
Available Plans for subscription by investors:
Direct (Default) and Regular
Available Options under each plan: Growth
(Default) and IDCW
Available Facilities under IDCW Option: IDCW
Reinvestment (Daily (Default), Weekly,
Monthly), IDCW Payout (Monthly)
Minimum Application Amount: Rs. 1,000/- and in
multiples of Re. 1/- thereafter
Minimum Additional Purchase Amount: Rs. 1,000/-
and in multiples of Re. 1/- thereafter
Minimum Redemption / Switch-outs Amount: Rs.1,000/-
or 1 unit or account balance, whichever is lower
Minimum Weekly & Monthly SIP Amount:
Rs 500 and in multiples of Re 1 thereafter
Minimum Weekly & Monthly SIP Installments: 6
Minimum Quarterly SIP Amount: Rs 1,500 Asset Allocation (%) Rating Profile (%)
and in multiples of Re 1 thereafter
Minimum Quarterly SIP installments: 4 66.59 - Corporate Bond 61.75 - AAA / A1+
Monthly AAUM as on September 30, 2024 16.44 - Certificate of Deposit 12.07 - AA
(Rs. in Cr.): 561.76
Quarterly AAUM as on September 30, 2024 5.24 - Treasury Bill 11.87 - AA+
(Rs. in Cr.): 538.89 4.23 - Cash & Cash Equivalents** 9.84 - Sovereign
Monthly AUM as on September 30, 2024
3.69 - Government Bond
(Rs. in Cr.): 556.66 4.23 - Cash & Cash
2.68 - Reduced Face Value Bonds Equivalents**
Total Expense Ratio1 Regular Plan: 1.09%
as on Sep 30, 2024: Direct Plan: 0.30% 0.91 - State Government Bond 0.23 - Corporate Debt
Load Structure: Market Development
0.23 - Corporate Debt Market
Fund
Entry Load: N.A. Development Fund
Exit Load: Nil

Data as on September 30, 2024. **Cash & Cash Equivalents includes Fixed Deposits, Cash & Current Assets and TREPS

IDCW History
Portfolio Information Individuals/HUF (IDCW) Others (IDCW) Face Value Cum-IDCW NAV
Record Date Plan(s)/Option(s)
(Rs. per unit) (Rs. per unit) (Rs. per unit) (Rs. per unit)
Annualised Portfolio YTM* 2
7.78% 29-Jul-24 Monthly Regular IDCW 8.8007 8.8007 1000 1530.1937
29-Jul-24 Monthly Direct IDCW 7.8264 7.8264 1000 1120.6208
Macaulay Duration 329.28 days
28-Aug-24 Monthly Regular IDCW 5.9504 5.9504 1000 27.6520
Modified Duration 0.85 28-Aug-24 Monthly Direct IDCW 6.8036 6.8036 1000 1139.0226
26-Sep-24 Monthly Regular IDCW 6.1458 6.1458 1000 1118.9403
Residual Maturity 435.82 days
26-Sep-24 Monthly Direct IDCW 6.9383 6.9383 1000 1139.1573
As on (Date) September 30, 2024
Pursuant to payment of IDCW, the NAV of the IDCW Option(s) of the Scheme/Plan(s) falls to the extent of payout and statutory
*In case of semi annual YTM, it will be annualised levy, if any. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other
investments. For complete list of IDCWs, visit www.mahindramanulife.com.

NAV as on Sep 30, 2024: 1

Includes additional expenses charged in terms of Regulation 52(6A)(b) of SEBI (Mutual Funds) Regulations, 1996 and Goods and
Regular Plan Direct Plan Services Tax.
NAV/Unit
(In Rs.) (In Rs.) 2
Yield to maturity should not be construed as minimum return offered by the Scheme.
Daily IDCW 1003.5673 1113.2031
IDCW: Income Distribution cum Capital Withdrawal
Monthly IDCW 1113.7309 1133.2729
Please refer Page no. 30 for Product labelling and Benchmark Riskometer
Weekly IDCW 1052.7894 1030.5585 Please refer Page no. 31 for Potential Risk Class Matrix of the Scheme
Growth 1548.1251 1650.8253

24
 Mahindra Manulife
FACTSHEET
Dynamic Bond Fund
September 2024
(An open ended dynamic debt scheme investing across duration.
A relatively high interest rate risk and moderate credit risk.)

Investment Objective Portfolio ( Top Ten Holdings - Issuer wise) as on September 30, 2024
The investment objective of the Scheme is to Company / Issuer Rating % of Net Company / Issuer Rating % of Net
generate regular returns and capital appreciation Assets Assets
through an active management of a portfolio
constituted of money market and debt Corporate Bond 10.05 7.18% GOI (MD 24/07/2037) SOV 9.51
instruments across duration. However, there is no
assurance that the investment objective of the 360 One Prime Ltd. CRISIL AA 4.19 7.34% GOI (MD 22/04/2064) SOV 8.85
Scheme will be realized and the Scheme does not TVS Credit Services Ltd. CRISIL AA 4.19 7.23% GOI (MD 15/04/2039) SOV 8.72
assure or guarantee any returns.
Embassy Office Parks REIT CRISIL AAA 1.67 7.09% GOI (MD 05/08/2054) SOV 6.00
Fund Features Corporate Debt Market Development Fund 0.31 State Government Bond 8.67
Mahindra Manulife Dynamic Bond Fund Corporate Debt Market Development Fund Class A2 0.31 7.64% Maharashtra SDL SOV 8.67
endeavours to take advantage of interest rate
movements. With the flexibility to counter a Government Bond 74.03 (MD 25/01/2033)
dynamic environment, the Scheme aims to
7.3% GOI (MD 19/06/2053) SOV 24.65 Cash & Other Receivables 6.94
generate regular returns and capital appreciation
through active management of portfolio in line 7.1% GOI (MD 08/04/2034) SOV 16.31 Grand Total 100.00
with the evolving interest rate scenario.

Fund Manager
and Experience
Fund Manager: Mr. Rahul Pal
Total Experience: 22 years
Experience in managing this fund: 6 years and
2 months (managing since August 20, 2018) Asset Allocation (%)

Scheme Details
Date of allotment: August 20, 2018 74.03 - Government Bond
Benchmark: CRISIL Dynamic Bond A-III Index 10.05 - Corporate Bond
Minimum Application / Additional Purchase
8.67 - State Government Bond
Amount: Rs. 1,000 and in multiples of Re. 1/-
thereafter. 6.94 - Cash & Cash Equivalents**
Minimum Amount for Switch in: Rs. 1,000/-
and in multiples of Re. 0.01/- thereafter. 0.31 - Corporate Debt Market Development Fund

Minimum Amount for Redemption / Switch-outs:

Rs. 1,000/- or 100 units or account balance,
whichever is lower in respect of each Option.
Available Plans: Direct (D) , Regular
Available Options under each plan:
Growth (D), IDCW Rating Profile (%)
Available Sub-Options under IDCW Option:
Discretionary (D), Quarterly
Available Facilities under IDCW Option: IDCW
Reinvestment (D), IDCW Payout, D- Default
82.70 - Sovereign
Minimum Weekly & Monthly SIP Amount: Rs 500
and in multiples of Re 1 thereafter 8.38 - AA
Minimum Weekly & Monthly SIP Installments: 6 6.94 - Cash & Cash Equivalents**
Minimum Quarterly SIP Amount: Rs 1,500 and
in multiples of Re 1 thereafter 1.67 - AAA
Minimum Quarterly SIP installments: 4 0.31 - Corporate Debt Market Development Fund
Monthly AAUM as on September 30, 2024
(Rs. in Cr.): 56.07
Quarterly AAUM as on September 30, 2024
(Rs. in Cr.): 51.08
Monthly AUM as on September 30, 2024
(Rs. in Cr.): 59.68 Data as on September 30, 2024. **Cash & Cash Equivalents includes Fixed Deposits, Cash & Current Assets and TREPS
Total Expense Ratio1 Regular Plan: 1.57% IDCW History
as on Sep 30, 2024: Direct Plan: 0.39%
Individuals/HUF (IDCW) Others (IDCW) Face Value Cum-IDCW NAV
Load Structure: Record Date Plan(s)/Option(s)
(Rs. per unit) (Rs. per unit) (Rs. per unit) (Rs. per unit)
Entry Load: N.A. 15-Dec-23 Quarterly Regular IDCW 0.20 0.20 10 10.3334
Exit Load: Nil
15-Dec-23 Quarterly Direct IDCW 0.20 0.20 10 11.0233
14-Mar-24 Discretionary Regular IDCW 1.00 1.00 10 12.2386
14-Mar-24 Discretionary Direct IDCW 1.00 1.00 10 13.0286
Portfolio Information 14-Mar-24 Quarterly Regular IDCW 0.20 0.20 10 10.4470
Annualised Portfolio YTM*2 7.15% 14-Mar-24 Quarterly Direct IDCW 0.20 0.20 10 11.1886
17-Sep-24 Discretionary Regular IDCW 0.20 0.20 10 11.7751
Macaulay Duration 8.66 years
17-Sep-24 Discretionary Direct IDCW 0.20 0.20 10 12.6831
Modified Duration 8.36 17-Sep-24 Quarterly Regular IDCW 0.20 0.20 10 10.7363
Residual Maturity 17.73 years 17-Sep-24 Quarterly Direct IDCW 0.20 0.20 10 11.5863

As on (Date) September 30, 2024 Pursuant to payment of IDCW, the NAV of the IDCW Option(s) of the Scheme/Plan(s) falls to the extent of payout and statutory
levy, if any. Past performance may or may not be sustained in future and should not be used as a basis for comparison with
*In case of semi annual YTM, it will be annualised other investments. For complete list of IDCWs, visit www.mahindramanulife.com.

1
Includes additional expenses charged in terms of Regulation 52(6A)(b)of SEBI (Mutual Funds) Regulations, 1996 and Goods and
Services Tax.
NAV as on Sep 30, 2024: 2
Yield to maturity should not be construed as minimum return offered by the Scheme.
Regular Plan Direct Plan
NAV/Unit IDCW: Income Distribution cum Capital Withdrawal
(In Rs.) (In Rs.)
Growth 13.6371 14.5973 Please refer Page no. 30 for Product labelling and Benchmark Riskometer

IDCW 11.6379 12.5560 Please refer Page no. 31 for Potential Risk Class Matrix of the Scheme

Quarterly IDCW 10.5936 11.4529

25
 Mahindra Manulife
FACTSHEET
Overnight Fund
September 2024
(An open ended debt scheme investing in overnight securities.
A relatively low interest rate risk and relatively low credit risk.)

Investment Objective Portfolio as on September 30, 2024

The primary objective of the Scheme is to seek to Company / Issuer Rating % of Net Assets
generate returns commensurate with low risk and
providing high level of liquidity, through Treasury Bill 6.95
investments made primarily in overnight securities
having maturity of 1 business day including TREPS 182 Days Tbill (MD 18/10/2024) SOV 5.68
(Tri-Party Repo) and Reverse Repo. However,
there is no assurance or guarantee that the 364 Days Tbill (MD 03/10/2024) SOV 1.27
investment objective of the scheme will be
achieved. Cash & Other Receivables 93.05

Grand Total 100.00

Fund Features
CONVENIENT 1 DAY INVESTMENT:
By investing in Overnight Securities the scheme
endeavours to generate relatively stable
return.
No exit load for any investment period.

QUALITY PORTFOLIO:
Will invest in debt & money market instruments
with
Low risk
Low volatility

EASE OF REDEMPTION: Redemption on T+1 basis

under normal circumstances^
^As per the SEBI (Mutual Funds) Regulations, 1996, the
redemption or repurchase proceeds shall be dispatched
within 3 working days from the date of redemption or
repurchase.

Fund Manager
and Experience
Fund Manager: Mr. Rahul Pal
Total Experience: 22 years
Experience in managing this fund: 5 years and
2 months (Managing since July 23, 2019)
Fund Manager: Mr. Amit Garg
Total Experience: 19 years
Experience in managing this fund: 4 years and
4 months (Managing since June 8, 2020)

Scheme Details
Date of allotment: July 23, 2019
Benchmark: CRISIL Liquid Overnight Index
Available Options under each plan: Growth(D)
and IDCW (Daily IDCW Reinvestment), D-Default
Minimum Application Amount: Rs. 1,000/- and
in multiples of Re.1/- thereafter
Minimum Redemption Amount: Rs. 1,000/- or
1 unit or account balance, whichever is lower
Minimum Switch-in Amount: Rs. 1,000/- and
Asset Allocation (%) Rating Profile (%)
in multiples of Re. 0.01/- thereafter.
Monthly AAUM as on September 30, 2024
(Rs. in Cr.): 154.65
Quarterly AAUM as on September 30, 2024
(Rs. in Cr.): 196.78 93.05 - Cash & Cash 93.05 - Cash & Cash
Equivalents** Equivalents**
Monthly AUM as on September 30, 2024
(Rs. in Cr.): 157.89 6.95 - Treasury Bill 6.95 - Sovereign

Total Expense Ratio 1

Regular Plan: 0.19%
as on Sep 30, 2024: Direct Plan: 0.09%
Load Structure:
Entry Load: N.A.
Exit Load: Nil

Data as on September 30, 2024. **Cash & Cash Equivalents includes Fixed Deposits, Cash & Current Assets and TREPS
Portfolio Information
Annualised Portfolio YTM*2 6.77%
Macaulay Duration 1.99 days
Modified Duration 0.01
Residual Maturity 1.99 days
As on (Date) September 30, 2024
*In case of semi annual YTM, it will be annualised
1
Includes additional expenses charged in terms of Regulation 52(6A)(b) of SEBI (Mutual Funds) Regulations, 1996 and
Goods and Services Tax.
NAV as on Sep 30, 2024: 2
Yield to maturity should not be construed as minimum return offered by the Scheme
Regular Plan Direct Plan
NAV/Unit IDCW: Income Distribution cum Capital Withdrawal
(In Rs.) (In Rs.)
Daily IDCW 1131.1206 1283.5838 Please refer Page no. 30 for Product labelling and Benchmark Riskometer
Growth 1273.5122 1280.2223 Please refer Page no. 31 for Potential Risk Class Matrix of the Scheme

26
 Mahindra Manulife
FACTSHEET
Ultra Short Duration Fund
September 2024 (An open ended ultra-short term debt scheme investing in
instruments such that the Macaulay duration of the portfolio
is between 3 to 6 months (please refer to page no. 18 of SID).
A relatively low interest rate risk and moderate credit risk.)

Investment Objective Portfolio ( Top Ten Holdings - Issuer wise) as on September 30, 2024
The investment objective of the Scheme is to Company / Issuer Rating % of Net Assets
generate regular income and capital appreciation
Certificate of Deposit 10.11
through investment in a portfolio of short term
debt & money market instruments such that the Indian Bank CRISIL A1+ 4.11
Macaulay duration of the portfolio is between 3 - 6 Axis Bank Ltd. CRISIL A1+ 4.00
months. However, there is no assurance or
guarantee that the investment objective of the Kotak Mahindra Bank Ltd. CRISIL A1+ 2.00
Scheme will be achieved. The Scheme does not Commercial Paper 4.19
assure or guarantee any returns. 360 One Prime Ltd. CRISIL A1+ 2.10
Shriram Finance Ltd. CRISIL A1+ 2.09
Fund Features
Corporate Bond 71.03
Investment in quality short duration instruments REC Ltd. CRISIL AAA 8.47
having relatively stable returns and lower volatility
Small Industries Dev Bank of India ICRA AAA 8.45
Selection of securities based on Risk Guard
Process^ – An in-house Research and Process PNB Housing Finance Ltd. ICRA AA+ 6.37
Framework Embassy Office Parks REIT CRISIL AAA 6.36
Optimal risk management for providing better risk Power Finance Corporation Ltd. CRISIL AAA 6.33
adjusted returns
National Bank For Agriculture and Rural Development CRISIL AAA / ICRA AAA 6.32
^
Refer SID for details
Shriram Finance Ltd. CRISIL AA+ 4.67
Fund Manager Export Import Bank of India CRISIL AAA 4.25
and Experience Bharti Telecom Ltd. CRISIL AA+ 4.25
Fund Manager: Mr Rahul Pal
Godrej Industries Ltd. CRISIL AA 4.21
Total Experience: 22 years
Experience in managing this fund: 4 years and Reliance Industries Ltd. CRISIL AAA 2.13
11 months (Managing since October 17, 2019) HDFC Bank Ltd. CRISIL AAA 2.12
Fund Manager: Mr. Amit Garg Muthoot Finance Ltd. CRISIL AA+ 2.12
Total Experience: 19 years
Experience in managing this fund: 4 years and LIC Housing Finance Ltd. CRISIL AAA 2.12
4 months (Managing since June 8, 2020) 360 One Prime Ltd. CRISIL AA 1.78
Bajaj Housing Finance Ltd. CRISIL AAA 1.06
Scheme Details Corporate Debt Market Development Fund 0.25
Corporate Debt Market Development Fund Class A2 0.25
Date of allotment: October 17, 2019
Benchmark: CRISIL Ultra Short Duration Government Bond 1.07
Debt A-I Index 4.04% GOI FRB (MD 04/10/2028) SOV 1.07
Available Plans for subscription by investors: Treasury Bill 8.33
Direct (Default) and Regular
182 Days Tbill (MD 27/02/2025) SOV 4.13
Available Options under each plan: Growth
182 Days Tbill (MD 11/10/2024) SOV 2.12
(Default) and IDCW
182 Days Tbill (MD 06/02/2025) SOV 2.07
Available Facilities under IDCW Option: Daily IDCW
Reinvestment (Default), Weekly IDCW Reinvestment Cash & Other Receivables 5.02
Minimum Application Amount: Rs. 1,000/- and in Grand Total 100.00
multiples of Re.1/- thereafter.
Minimum Redemption/Switch-Out Amount:
Rs. 1,000/- or 1 unit or account balance,
whichever is lower
Minimum Switch-in Amount: Rs. 1,000/- and in
multiples of Re. 0.01/- thereafter
Minimum Weekly & Monthly SIP Amount: Rs 500
and in multiples of Re 1 thereafter
Minimum Weekly & Monthly SIP Installments: 6
Minimum Quarterly SIP Amount: Rs 1,500 and in
multiples of Re 1 thereafter
Minimum Quarterly SIP installments: 4
Monthly AAUM as on September 30, 2024
(Rs. in Cr.): 249.51
Asset Allocation (%) Rating Profile (%)
Quarterly AAUM as on September 30, 2024
(Rs. in Cr.): 247.22
Monthly AUM as on September 30, 2024 71.03 - Corporate Bond 61.92 - AAA / A1+
(Rs. in Cr.): 235.61
10.11 - Certificate of Deposit 17.41 - AA+
Total Expense Ratio1 Regular Plan: 0.70%
as on Sep 30, 2024: Direct Plan: 0.28% 8.33 - Treasury Bill 9.39 - Sovereign
Load Structure: 5.02 - Cash & Cash Equivalents** 6.00 - AA
Entry Load: Nil 4.19 - Commercial Paper
5.02 - Cash & Cash
Exit Load: Nil 1.07 - Government Bond Equivalents**
0.25 - Corporate Debt Market 0.25 - Corporate Debt
Portfolio Information Development Fund Market Development
Fund
Annualised Portfolio YTM*2 7.62%
Macaulay Duration 177.92 days
Modified Duration 0.46 Data as on September 30, 2024. **Cash & Cash Equivalents includes Fixed Deposits, Cash & Current Assets and TREPS
Residual Maturity 198.11 days
As on (Date) September 30, 2024
*In case of semi annual YTM, it will be annualised
1
Includes additional expenses charged in terms of Regulation 52(6A)(b) of SEBI (Mutual Funds) Regulations, 1996 and Goods and
Services Tax.
NAV as on Sep 30, 2024:
Regular Plan Direct Plan
2
Yield to maturity should not be construed as minimum return offered by the Scheme.
NAV/Unit
(In Rs.) (In Rs.) Please refer Page no. 30 for Product labelling and Benchmark Riskometer
Daily IDCW 1043.9204 1110.7159 Please refer Page no. 31 for Potential Risk Class Matrix of the Scheme
Weekly IDCW 1002.0113 1001.9577
Growth 1303.9239 1331.4147

27
 Mahindra Manulife
FACTSHEET
Short Duration Fund
September 2024 (An open ended short term debt scheme investing in
instruments such that the Macaulay duration of the portfolio
is between 1 year and 3 years (please refer to page no. 19 of
SID). A moderate interest rate risk and moderate credit risk.)

Investment Objective Portfolio ( Top Ten Holdings - Issuer wise) as on September 30, 2024
The investment objective of the Scheme is to Company / Issuer Rating % of Net Assets
generate income and capital appreciation through
an actively managed diversified portfolio of Debt & Certificate of Deposit 7.42
Money Market instruments such that the Kotak Mahindra Bank Ltd. CRISIL A1+ 7.42
Macaulay duration of the portfolio is between 1
year to 3 years. However, there is no assurance or Corporate Bond 50.34
guarantee that the investment objective of the Bajaj Housing Finance Ltd. CRISIL AAA 5.51
Scheme will be achieved. The Scheme does not
assure or guarantee any returns. Muthoot Finance Ltd. CRISIL AA+ 4.75
Mindspace Business Parks REIT CRISIL AAA 4.74
Cholamandalam Investment and Finance Company Ltd ICRA AA+ 4.73
Fund Features Godrej Industries Ltd. CRISIL AA 4.73
Aims to invest in quality instruments of LIC Housing Finance Ltd. CRISIL AAA 4.60
predominantly high safety investment grade.
Shriram Finance Ltd. CRISIL AA+ 3.95
Selection of securities based on Risk Guard
Process – An in-house Research and Process Small Industries Dev Bank of India CRISIL AAA 3.93
Framework^. National Bank For Agriculture and Rural Development CRISIL AAA 3.93
^
Refer SID for details Bharti Telecom Ltd. CRISIL AA+ 3.18
360 One Prime Ltd. CRISIL AA 2.37
Fund Manager Embassy Office Parks REIT CRISIL AAA 2.36
and Experience Godrej Properties Ltd. ICRA AA+ 1.57
Fund Manager: Mr Rahul Pal
Corporate Debt Market Development Fund 0.20
Total Experience: 22 years
Experience in managing this fund: 3 years and Corporate Debt Market Development Fund Class A2 0.20
7 months (Managing since February 23, 2021) Government Bond 35.71
Fund Manager: Mr. Pranav Patel^
(^Dedicated Fund Manager for overseas Investment) 7.32% GOI (MD 13/11/2030) SOV 31.67
Total Experience: 9 years 7.1% GOI (MD 08/04/2034) SOV 4.03
Experience in managing this fund: 9 months
Cash & Other Receivables 6.33
(Managing since January 05, 2024)
Grand Total 100.00

Scheme Details
Asset Allocation (%)
Date of allotment: February 23, 2021
Benchmark: CRISIL Short Duration Debt A-II Index
Minimum Application / Additional Purchase
Amount: Rs. 1,000 and in multiples of Re. 1/- 50.34 - Corporate Bond
thereafter.
Minimum Amount for Switch in: Rs. 1,000/- and 35.71 - Government Bond
in multiples of Re. 0.01/- thereafter.
7.42 - Certificate of Deposit
Minimum Amount for Redemption / Switch-outs:
Rs. 1,000/- or 100 units or account balance,
6.33 - Cash & Cash Equivalents**
whichever is lower in respect of each Option.
Available Plans: Direct (D), Regular 0.20 - Corporate Debt Market Development Fund
Option: IDCW (IDCW Option will have IDCW
Reinvestment (D) & IDCW Payout facility) and
Growth (D), D-Default
Minimum Weekly & Monthly SIP Amount: Rs 500 Rating Profile (%)
and in multiples of Re 1 thereafter
Minimum Weekly & Monthly SIP Installments: 6
Minimum Quarterly SIP Amount: Rs 1,500 and in 35.71 - Sovereign
multiples of Re 1 thereafter
Minimum Quarterly SIP installments: 4 32.49 - AAA / A1+
Monthly AAUM as on September 30, 2024 18.18 - AA+
(Rs. in Cr.): 65.26
Quarterly AAUM as on September 30, 2024 7.09 - AA
(Rs. in Cr.): 59.09
Monthly AUM as on September 30, 2024 6.33 - Cash & Cash Equivalents**
(Rs. in Cr.): 63.48
0.20 - Corporate Debt Market Development Fund
Total Expense Ratio1 Regular Plan: 1.26%
as on Sep 30, 2024: Direct Plan: 0.29%
Load Structure:
Data as on September 30, 2024. **Cash & Cash Equivalents includes Fixed Deposits, Cash & Current Assets and TREPS
Entry Load: Nil
Exit Load: Nil
IDCW HISTORY
IDCW Face Value Cum-IDCW NAV
Record Date Plan(s) / Option(s)
Portfolio Information (Rs. per unit) (Rs. per unit) (Rs. per unit)
Annualised Portfolio YTM*2 7.57% 27-Feb-23 Regular IDCW 0.40 10 10.7307
27-Feb-23 Direct IDCW 0.40 10 10.9385
Macaulay Duration 2.82 years
14-Mar-24 Regular IDCW 0.40 10 11.0834
Modified Duration 2.70
14-Mar-24 Direct IDCW 0.40 10 11.4214
Residual Maturity 3.39 years
As on (Date) September 30, 2024 Pursuant to payment of IDCW, the NAV of the IDCW Option(s) of the Scheme/Plan(s) falls to the extent of payout and
*In case of semi annual YTM, it will be annualised
statutory levy, if any. Past performance may or may not be sustained in future and should not be used as a basis for
comparison with other investments.
1
Includes additional expenses charged in terms of Regulation 52(6A)(b) of SEBI (Mutual Funds) Regulations, 1996 and Goods and
Services Tax.
NAV as on Sep 30, 2024: 2
Yield to maturity should not be construed as minimum return offered by the Scheme.
Regular Plan Direct Plan
NAV/Unit IDCW: Income Distribution cum Capital Withdrawal
(In Rs.) (In Rs.)
Please refer Page no. 30 for Product labelling and Benchmark Riskometer
IDCW 11.1722 11.5893
Please refer Page no. 31 for Potential Risk Class Matrix of the Scheme
Growth 12.0388 12.4643

28
Scheme Name and Type Product Suitability Scheme Riskometers Scheme Benchmark Benchmark Riskometers
This Product is Suitable for
investors who are seeking*
Mahindra Manulife ELSS  Long term capital appreciation Moderate Moderately
Nifty 500 TRI Moderate Moderately
Tax Saver Fund High High

 Investment predominantly

er to

er to
e

e
at

at
H

H
(An open ended equity linked savings

M ow

M ow
ig

ig
h

h
od

od
L

L
scheme with a statutory lock in of in equity and equity related
securities.

Very

Very
Low

Low
High

High
3 years and tax benefit)
RISKOMETER RISKOMETER
Investors understand that their principal
will be at very high risk

Mahindra Manulife Multi Cap Fund  Medium to Long term capital Moderate Moderately
Nifty 500 Multicap Moderate Moderately
(Multi Cap Fund - An open-ended equity appreciation. High
50:25:25 TRI High

er to

er to
e

e
at

at
H

H
scheme investing across large cap,mid

M ow

M ow
ig

ig
h

h
od

od
L

L
cap, small cap stocks)  Investment predominantly
in equity and equity related

Very

Very
Low

Low
High

High
securities including derivatives. RISKOMETER RISKOMETER
Investors understand that their principal
will be at very high risk

Mahindra Manulife Mid Cap Fund  Long term capital appreciation Moderate Moderately
Nifty Midcap 150 Moderate Moderately
(Mid Cap Fund – An open ended equity High
TRI High

 Investment predominantly

er to

er to
e

e
at

at
H

H
scheme predominantly investing in mid

M ow

M ow
ig

ig
h

h
od

od
L

L
cap stocks) in equity and equity related
securities including derivatives

Very

Very
Low

Low
High

High
of mid cap companies. RISKOMETER RISKOMETER
Investors understand that their principal
will be at very high risk

Mahindra Manulife Consumption Fund  Long term capital appreciation Moderate Moderately
Nifty India Moderate Moderately
(An open ended equity scheme following High
Consumption High

 Investment predominantly

er to

ra o
e

te
t
at

H
Consumption theme) TRI

M ow

M ow
ig

ig
e
h

h
od

od
L

L
in equity and equity related
securities including derivatives

Very

Very
Low

Low
High

High
of entities engaged in and/ or RISKOMETER RISKOMETER
expected to benefit from the Investors understand that their principal
will be at very high risk
consumption led demand in
India.
Mahindra Manulife Large Cap Fund  Long term capital appreciation Moderate Moderately
Nifty 100 TRI Moderate Moderately
(Large Cap Fund - An open ended equity High High

 Investment predominantly
er to

ra o
e

te
t
at

H
scheme predominantly investing in large
M ow

M ow
ig

ig
e
h

h
od

od
L

L
cap stocks) in equity and equity related
securities including derivatives
Very

Very
Low

Low
High

High
of large cap companies. RISKOMETER RISKOMETER
Investors understand that their principal
will be at very high risk

Mahindra Manulife Large &  Long term wealth creation and Moderate Moderately
Nifty Large Midcap Moderate Moderately
Mid Cap Fund income High
250 TRI High
er to

ra o
e

te
t
at

H
(Large & Mid Cap Fund- An open ended
M ow

M ow
ig

ig
e
h

h
od

od
L

L
equity scheme investing in both Large  Investment predominantly
in equity and equity related
Very

Very
Low

Low
High

High
cap and Mid cap stocks)
securities of large and mid cap RISKOMETER RISKOMETER
companies Investors understand that their principal
will be at very high risk

Mahindra Manulife Focused Fund  Long term capital appreciation Moderate Moderately
Nifty 500 TRI Moderate Moderately
(An open ended equity scheme investing High High

 Investment in equity and

er to

ra o
e

te
t
at

H
in maximum 30 stocks across market
M ow

M ow
ig

ig
e
h

h
od

od
L

L
caps (I.e Multi Cap)) equity related instruments
in concentrated portfolio of
Very

Very
Low

Low
High

High
maximum 30 stocks across RISKOMETER RISKOMETER
market capitalziation Investors understand that their principal
will be at very high risk

Mahindra Manulife Flexi Cap Fund  Long term capital appreciation. Moderate Moderately
Nifty 500 TRI Moderate Moderately
(An open ended dynamic equity scheme High High

 Investment in diversified
er to

ra o
e

te
t
at

H
investing across large cap, mid cap, small
M ow

M ow
ig

ig
e
h

h
od

od
L

cap stocks) portfolio of equity & equity

related instruments across
Very

Very
Low

Low
High

High
market capitalization RISKOMETER RISKOMETER
Investors understand that their principal
will be at very high risk

Mahindra Manulife Small Cap Fund  Long term capital appreciation. Moderate Moderately
BSE 250 Small Cap Moderate Moderately
(Small Cap Fund- An open ended equity High
TRI High

 Investment predominantly
er to

er to
e

e
at

at
H

scheme predominantly investing in small

M ow

M ow
ig

ig
h

h
od

od
L

cap stocks) in equity and equity related

securities of small cap
Very

Very
Low

Low
High

High

companies. RISKOMETER RISKOMETER

Investors understand that their principal
will be at very high risk

Mahindra Manulife Business Cycle Fund  Long term capital appreciation. Moderate Moderately
NIFTY 500 TRI Moderate Moderately
(An open ended equity scheme following High High

 Investment predominantly
er to

ra o
e

te
t
at

business cycles based investing theme)

M ow

M ow
ig

ig
e
h

h
od

od
L

in equity and equity related

instruments of business cycle
Very

Very
Low

Low
High

High

based theme. RISKOMETER RISKOMETER

Investors understand that their principal
will be at very high risk

Mahindra Manulife Manufacturing Fund  Long term capital appreciation. Moderate Moderately
BSE India Moderate Moderately
(An open-ended equity scheme following High
Manufacturing TRI High

 Investment in equity and

er to

ra o
e

te
t
at

manufacturing theme)
M ow

M ow
ig

ig
e
h

h
od

od
L

equity-related securities
of companies engaged in
Very

Very
Low

Low
High

High

manufacturing theme. RISKOMETER RISKOMETER

Investors understand that their principal
will be at very high risk

Mahindra Manulife Asia Pacific  Capital appreciation over long Moderate Moderately
FTSE EPRA Nareit Moderate Moderately
REITs FOF term High
Asia ex Japan REITs High
er to

ra o
e

te
t
at

(An open ended fund of fund scheme Index

M ow

M ow
ig

ig
e
h

h
od

od
L

investing in Manulife Global Fund – Asia  Investments in units of

Manulife Global Fund – Asia
Very

Very
Low

Low
High

High

Pacific REIT Fund)

Pacific REIT Fund RISKOMETER RISKOMETER
Investors understand that their principal
will be at very high risk

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

29
Scheme Name and Type Product Suitability Scheme Riskometers Scheme Benchmark Benchmark Riskometers
This Product is Suitable for
investors who are seeking*
Mahindra Manulife Equity Savings Fund  Long term capital appreciation Nifty Equity Savings
Moderate Moderately Moderate Moderately
(An open ended scheme investing in and generation of income High TRI High

er to

er to
equity, arbitrage and debt)

e
at

at
H

H
M ow

M ow
 Investment in equity and equity

ig

ig
h

h
od

od
L

L
related instruments, arbitrage

Very

Very
Low

Low
High

High
opportunities and debt and
money market instruments. RISKOMETER RISKOMETER
Investors understand that their principal
will be at moderate risk

Mahindra Manulife Aggressive  Long term capital appreciation CRISIL Hybrid

Moderate Moderately Moderate Moderately
Hybrid Fund and generation of income; High 35+65 High

er to
e

er to
(An open ended hybrid scheme investing Aggressive Index

e
at

at
M ow

H
ig

M ow
 Investment in equity and

ig
h
od
L

h
predominantly in equity and equity

od
L
related instruments) equity related instruments

Very
Low

High

Very
Low

High
and debt and money market
instruments RISKOMETER RISKOMETER
Investors understand that their principal
will be at very high risk

Mahindra Manulife Balanced  Capital Appreciation while Moderate Moderately

Nifty 50 Hybrid Moderate Moderately
Advantage Fund generating income over High
Composite Debt  High

er to

er to
e

e
(An open ended dynamic asset medium to long term; 50: 50 Index TRI

at

at
H

H
M ow

M ow
ig

ig
h

h
od

od
L

L
allocation fund)
 Investments in a dynamically

Very

Very
Low

Low
High

High
managed portfolio of equity
and equity related instruments RISKOMETER RISKOMETER
Investors understand that their principal
and debt and money market will be at very high risk
instruments.
Mahindra Manulife Multi Asset  Capital Appreciation while 45% NIFTY 500 Moderate Moderately
Allocation Fund generating income over long TRI + 40% CRISIL High

er to
e
(An open ended scheme investing in term. Moderate Moderately Composite Bond

at

H
M ow

ig
High

h
od
L
Equity, Debt, Gold/Silver Exchange er to
Index + 10%
e
 Investments across equity and at

H
M ow

ig
Traded Funds (ETFs) and Exchange Domestic Price of

Very
Low

High
h
od
L

Traded Commodity Derivatives) equity related instruments, Physical Gold + 5%

Very
Low

High
debt and money market Domestic Price of
RISKOMETER

instruments, units of Gold/ RISKOMETER Silver

Silver Exchange Traded Funds Investors understand that their
(ETFs) and Exchange Traded principal will be at high risk

Commodity Derivatives.
Mahindra Manulife Arbitrage Fund  Income over short term. Moderate Moderately
Nifty 50 Arbitrage Moderate Moderately
(An open ended scheme investing in High
TRI High
 Income through arbitrage
er to

er to
e

e
arbitrage opportunities)
at

at
H

H
M ow

M ow
ig

ig
opportunities between cash
h

h
od

od
L

L
and derivative market and
Very

Very
Low

Low
High

High
arbitrage opportunities within
the derivative segment. RISKOMETER RISKOMETER
Investors understand that their principal
will be at low risk

Mahindra Manulife Liquid Fund  Regular income over short Moderate Moderately
CRISIL Liquid Debt Moderate Moderately
(An open ended liquid scheme. A term High
A-I Index High
er to

er to
e

e
relatively low interest rate risk and
at

at
H

H
M ow

M ow
ig

ig
 Investment in money market
h

h
od

od
L

L
moderate credit risk)
and debt instruments
Very

Very
Low

Low
High

High
RISKOMETER RISKOMETER
Investors understand that their principal
will be at low to moderate risk

Mahindra Manulife Low Duration Fund  Regular Income over short Moderate Moderately
CRISIL Low Duration Moderate Moderately
(An open ended low duration debt term. High
Debt A-I Index High
er to

er to
e

e
scheme investing in instruments such
at

at
H

H
M ow

M ow
ig

ig
 Investment in debt and money
h

h
od

od
L

that the Macaulay duration of the

Portfolio is between 6 months and 12 market instruments.
Very

Very
Low

Low
High

High
months (please refer to page no. 19 of RISKOMETER RISKOMETER
SID). A relatively low interest rate risk Investors understand that their principal
and moderate credit risk) will be at low to moderate risk

Mahindra Manulife Dynamic  To generate regular returns Moderate Moderately

CRISIL Dynamic Moderate Moderately
Bond Fund and capital appreciation High
Bond A-III Index High
er to

er to
e

(An open ended dynamic debt scheme through active management of

at

at
H

H
M ow

M ow
ig

ig
h

h
od

od
L

investing across duration. A relatively portfolio.

high interest rate risk and moderate
Very

Very
Low

Low
High

High

credit risk)  Investments in debt & money

market instruments across RISKOMETER RISKOMETER
Investors understand that their principal
duration. will be at moderate risk

Mahindra Manulife Overnight Fund  To generate reasonable returns Moderate Moderately

CRISIL Liquid Moderate Moderately
(An open ended debt scheme investing with high levels of safety and High
Overnight Index High
er to

er to
e

in overnight securities. A relatively low convenience of liquidity over

at

at
H

H
M ow

M ow
ig

ig
h

h
od

od
L

interest rate risk and relatively low short term

credit risk)
Very

Very
Low

Low
High

High

 To invest in debt and money

market instruments having RISKOMETER RISKOMETER
Investors understand that their principal
maturity of upto 1 business will be at low risk
day
Mahindra Manulife Ultra Short
Moderate Moderately
Duration Fund High

(An open ended ultra-short term debt  Regular Income over short Moderate Moderately
er to
e

High
at

H
M ow

term.
ig

er to

scheme investing in instruments such CRISIL Ultra Short

h

e
od
L

at

H
M ow

ig
h
od
L

that the Macaulay duration of the  Investment in a portfolio of Duration Debt A-I
Very
Low

High

portfolio is between 3 to 6 months Index

Very

short term debt and money

Low

High

(please refer to page no. 18 of SID). market instruments.

RISKOMETER
Investors understand that their principal RISKOMETER
A relatively low interest rate risk and will be at low to moderate risk
moderate credit risk)
Mahindra Manulife Short  Income over short to medium Moderate Moderately
CRISIL Short Moderate Moderately
Duration Fund term. High
Duration Debt A-II High
er to

er to
e

(An open ended short term debt scheme Index

at

at
H

H
M ow

M ow
ig

ig

 Investment in debt and money

h

h
od

od
L

investing in instruments such that the

Macaulay duration of the portfolio is market instruments.
Very

Very
Low

Low
High

High

between 1 year and 3 years (please RISKOMETER RISKOMETER

refer to page no. 19 of SID). A moderate Investors understand that their principal
interest rate risk and moderate credit will be at moderate risk

risk)
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

30
 Potential Risk Class Matrix for Debt scheme(s) of the fund
Pursuant to Clause 17.5 of the SEBI Master Circular SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/90 dated June 27, 2024 Potential Risk Class (‘PRC’)
Matrix for debt schemes based on Interest Rate Risk and Credit Risk is as follows:

Mahindra Manulife Overnight Fund

(An open ended debt scheme investing in overnight securities. A relatively low interest rate risk and relatively low credit risk.)

Potential Risk Class Matrix (Maximum risk the Scheme can take)

Credit Risk → Relatively Low Moderate Relatively High

(Class A) (Class B) (Class C)
Interest Rate Risk↓

Relatively Low (Class I) A-I

Moderate (Class II)

Relatively High (Class III)

Mahindra Manulife Liquid Fund

(An open ended liquid scheme. A relatively low interest rate risk and moderate credit risk.)

Potential Risk Class Matrix (Maximum risk the Scheme can take)

Credit Risk → Relatively Low (Class A) Moderate Relatively High

(Class B) (Class C)
Interest Rate Risk↓

Relatively Low (Class I) B-I

Moderate (Class II)

Relatively High (Class III)

Mahindra Manulife Ultra Short Duration Fund

(An open ended ultra-short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is
between 3 to 6 months (please refer to page no. 18 of SID). A relatively low interest rate risk and moderate credit risk.)

Potential Risk Class Matrix (Maximum risk the Scheme can take)
Credit Risk → Relatively Low (Class A) Moderate Relatively High
(Class B) (Class C)
Interest Rate Risk↓
Relatively Low (Class I) B-I
Moderate (Class II)
Relatively High (Class III)

Mahindra Manulife Low Duration Fund

(An open ended low duration debt scheme investing in instruments such that the Macaulay duration of the Portfolio is
between 6 months and 12 months (please refer to page no. 19 of SID). A relatively low interest rate risk and moderate credit risk.)

Potential Risk Class Matrix (Maximum risk the Scheme can take)
Credit Risk → Relatively Low Moderate Relatively High
(Class A) (Class B) (Class C)
Interest Rate Risk↓
Relatively Low (Class I) B-I
Moderate(Class II)
RelativelyHigh (Class III)

Mahindra Manulife Short Duration Fund

(An open ended short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is
between 1 year and 3 years (please refer to page no. 19 of SID). A moderate interest rate risk and moderate credit risk.)

Potential Risk Class Matrix (Maximum risk the Scheme can take)
Credit Risk → Relatively Low Moderate Relatively High (Class C)
(Class A) (Class B)
Interest Rate Risk↓
Relatively Low (Class I)
Moderate (Class II) B-II
Relatively High (Class III)

Mahindra Manulife Dynamic Bond Fund

(An open ended dynamic debt scheme investing across duration. A relatively high interest rate risk and moderate credit risk.)

Potential Risk Class Matrix (Maximum risk the Scheme can take)
Credit Risk → Relatively Low Moderate Relatively High
(Class A) (Class B) (Class C)
Interest Rate Risk↓
Relatively Low (Class I)
Moderate (Class II)
Relatively High (Class III) B-III

31
 Fund Performance as on September 30, 2024

CAGR Returns (%) Value of Investment of ` 10,000* NAV / Index Value

Mahindra Manulife ELSS Tax Saver Fund
(as on September
Managed by Ms. Fatema Pacha & Mr. Manish Lodha Since Since
1 Year 3 Years 5 Years 1 Year (`) 3 Years (`) 5 Years (`) 30, 2024)
Inception Inception

Regular Plan - Growth Option 31.60 16.11 20.41 14.49 13,180 15,661 25,337 29,344 29.3443

Direct Plan - Growth Option 33.71 18.06 22.43 16.62 13,392 16,461 27,534 33,994 33.9941

Nifty 500 TRI^ 41.27 18.42 22.25 17.17 14,154 16,614 27,335 35,274 38,261.39

Nifty 50 TRI^^ 32.80 14.92 18.95 16.09 13,300 15,184 23,839 32,781 38,315.21

^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 18-Oct-16. Past performance may or may not be sustained in future and should not be used as a basis of comparison with other
investments. Since inception returns of the scheme is calculated on face value of Rs. 10 invested at inception. The performance details provided above are of Growth Option under Regular and Direct Plan. Different Plans i.e Regular Plan
and Direct Plan under the scheme has different expense structure. Ms. Fatema Pacha is managing this scheme since October 16, 2020. Mr. Manish Lodha is managing this scheme since December 21,2020. *Based on standard investment of
Rs. 10,000 made at the beginning of the relevant period.

CAGR Returns (%) Value of Investment of ` 10,000* NAV / Index Value

Mahindra Manulife Multi Cap Fund
(as on September
Managed by Mr. Manish Lodha & Ms. Fatema Pacha Since Since
1 Year 3 Years 5 Years 1 Year (`) 3 Years (`) 5 Years (`) 30, 2024)
Inception Inception

Regular Plan - Growth Option 45.56 21.93 27.43 19.32 14,586 18,139 33,652 36,926 36.9255

Direct Plan - Growth Option 47.76 23.98 29.61 21.56 14,807 19,071 36,626 42,375 42.3747

Nifty 500 Multicap 50:25:25 TRI^ 44.06 21.14 25.88 17.57 14,435 17,786 31,643 33,106 21,877.62

Nifty 50 TRI^^ 32.80 14.92 18.95 16.05 13,300 15,184 23,839 30,065 38,315.21

^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 11-May-17. Past performance may or may not be sustained in future and should not be used as a basis of comparison with other
investments. Since inception returns of the scheme is calculated on face value of Rs. 10 invested at inception. The performance details provided above are of Growth Option under Regular and Direct Plan. Different Plans i.e Regular Plan
and Direct Plan under the scheme has different expense structure. Mr. Manish Lodha is managing this fund since December 21, 2020. Ms. Fatema Pacha is managing this scheme since October 16, 2020. *Based on standard investment of
Rs. 10,000 made at the beginning of the relevant period.

Mahindra Manulife Mid Cap Fund CAGR Returns (%) Value of Investment of ` 10,000* NAV / Index Value
Managed by Mr. Abhinav Khandelwal & (as on September
Mr. Manish Lodha 1 Year 3 Years 5 Years Since Inception 1 Year (`) 3 Years (`) 5 Years (`) Since Inception 30, 2024)

Regular Plan - Growth Option 53.41 27.23 30.06 20.82 15,377 20,611 37,272 35,308 35.3083

Direct Plan - Growth Option 55.71 29.29 32.17 22.87 15,609 21,626 40,394 39,509 39.5094

Nifty Midcap 150 TRI^ 47.90 26.12 31.42 19.49 14,821 20,074 39,263 32,795 28,192.01

Nifty 50 TRI^^ 32.80 14.92 18.95 14.98 13,300 15,184 23,839 25,382 38,315.21

^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 30-Jan-18. Past performance may or may not be sustained in future and should not be used as a basis of comparison with other
investments. Since inception returns of the scheme is calculated on face value of Rs. 10 invested at inception. The performance details provided above are of Growth Option under Regular and Direct Plan. Different Plans i.e Regular Plan and
Direct Plan under the scheme has different expense structure. *Based on standard investment of Rs. 10,000 made at the beginning of the relevant period. Mr. Abhinav Khandelwal is managing this fund since February 1, 2022. Mr. Manish
Lodha is managing this fund since December 21, 2020.

Mahindra Manulife Consumption Fund CAGR Returns (%) Value of Investment of ` 10,000* NAV / Index Value
(as on September 30,
Managed by Mr. Abhinav Khandelwal & Ms. Fatema Pacha
1 Year 3 Years 5 Years Since Inception 1 Year (`) 3 Years (`) 5 Years (`) Since Inception 2024)

Regular Plan - Growth Option 48.96 22.81 20.56 17.09 14,928 18,533 25,492 25,303 25.3032

Direct Plan - Growth Option 51.49 24.84 22.56 19.10 15,183 19,470 27,680 27,974 27.9739

Nifty India Consumption TRI^ 52.80 22.53 22.26 19.90 15,315 18,406 27,348 29,102 16,049.74

Nifty 50 TRI^^ 32.80 14.92 18.95 17.74 13,300 15,184 23,839 26,150 38,315.21

^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 13-Nov-18. Past performance may or may not be sustained in future and should not be used as a basis of comparison with other
investments. Since inception returns of the scheme is calculated on face value of Rs. 10 invested at inception. The performance details provided above are of Growth Option under Regular and Direct Plan. Different Plans i.e Regular Plan and
Direct Plan under the scheme has different expense structure. Mr. Abhinav Khandelwal is managing this scheme since April 1, 2022. Ms. Fatema Pacha is managing this scheme since December 21, 2020. *Based on standard investment of
Rs. 10,000 made at the beginning of the relevant period.

Mahindra Manulife Large Cap Fund CAGR Returns (%) Value of Investment of ` 10,000* NAV / Index Value
(as on September 30,
Managed by Ms. Fatema Pacha & Mr. Abhinav Khandelwal
1 Year 3 Years 5 Years Since Inception 1 Year (`) 3 Years (`) 5 Years (`) Since Inception 2024)

Regular Plan - Growth Option 34.59 15.03 18.06 16.95 13,481 15,226 22,953 23,848 23.8482

Direct Plan - Growth Option 36.85 17.11 20.21 19.11 13,708 16,068 25,123 26,402 26.4020
TRI - Total Return Index

Nifty 100 TRI^ 38.59 15.93 19.57 17.71 13,884 15,586 24,466 24,716 36,486.84

BSE Sensex TRI^^ 29.48 13.98 18.26 16.85 12,966 14,813 23,148 23,738 1,30,491.02

^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 15-Mar-2019. Past performance may or may not be sustained in future and should not be used as a basis of comparison with other
investments. Since inception returns of the scheme is calculated on face value of Rs. 10 invested at inception. The performance details provided above are of Growth Option under Regular and Direct Plan. Different Plans i.e Regular Plan and
Direct Plan under the scheme has different expense structure. Ms. Fatema Pacha is managing this scheme since December 21, 2020 Mr. Abhinav Khandelwal is managing this scheme since March 1, 2022. *Based on standard investment of
Rs. 10,000 made at the beginning of the relevant period.

32
 Fund Performance as on September 30, 2024

CAGR Returns (%) Value of Investment of ` 10,000* NAV / Index Value

Mahindra Manulife Large & Mid Cap Fund
(as on September
Managed by Mr. Manish Lodha & Mr. Abhinav Khandelwal
1 Year 3 Years Since Inception 1 Year (`) 3 Years (`) Since Inception 30, 2024)

Regular Plan - Growth Option 38.29 19.43 24.62 13,853 17,043 28,482 28.4823

Direct Plan - Growth Option 40.49 21.56 26.87 14,075 17,971 31,016 31.0155

Nifty Large Midcap 250 TRI^ 43.26 21.05 25.28 14,354 17,747 29,208 21,725.06

Nifty 50 TRI^^ 32.80 14.92 18.34 13,300 15,184 22,277 38,315.21

^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 30-Dec-19. Past performance may or may not be sustained in future and should not be used as a basis of comparison withother
investments. Since inception returns of the scheme is calculated on face value of Rs. 10 invested at inception. The performance details provided above are of Growth Option under Regular and Direct Plan. Different Plans i.e Regular
Plan and Direct Plan under the scheme has different expense structure. *Based on standard investment of Rs. 10,000 made at the beginning of the relevant period. Mr. Manish Lodha is managing this scheme since December 21, 2020.
Mr. Abhinav Khandelwal is managing this scheme since February 1, 2022.

CAGR Returns (%) Value of Investment of ` 10,000* NAV / Index Value

Mahindra Manulife Focused Fund
(as on September
Managed by Mr. Krishna Sanghavi & Ms. Fatema Pacha
1 Year 3 Years Since Inception 1 Year (`) 3 Years (`) Since Inception 30, 2024)

Regular Plan - Growth Option 48.39 22.72 30.63 14,871 18,494 28,135 28.1353

Direct Plan - Growth Option 50.88 25.07 33.20 15,122 19,578 30,342 30.3419

Nifty 500 TRI^ 41.27 18.42 25.35 14,154 16,614 23,977 38,261.39

Nifty 50 TRI^^ 32.80 14.92 21.10 13,300 15,184 20,985 38,315.21

^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 17-Nov-20. Past performance may or may not be sustained in future and should not be used as a basis of comparison with other
investments. Since inception returns of the scheme is calculated on face value of Rs. 10 invested at inception. The performance details provided above are of Growth Option under Regular and Direct Plan. Different Plans i.e Regular Plan and
Direct Plan under the scheme has different expense structure. *Based on standard investment of Rs. 10,000 made at the beginning of the relevant period. Ms. Fatema Pacha is managing this scheme since December 21, 2020.

CAGR Returns (%) Value of Investment of ` 10,000* NAV / Index Value

Mahindra Manulife Flexi Cap Fund
(as on September
Managed by Ms. Fatema Pacha & Mr. Manish Lodha
1 Year 3 Years Since Inception 1 Year (`) 3 Years (`) Since Inception 30, 2024)

Regular Plan - Growth Option 36.04 18.10 18.22 13,627 16,480 16,819 16.8187

Direct Plan - Growth Option 38.38 20.35 20.48 13,863 17,438 17,838 17.8380

Nifty 500 TRI^ 41.27 18.42 20.75 14,154 16,614 17,966 38,261.39

Nifty 50 TRI^^ 32.80 14.92 16.86 13,300 15,184 16,225 38,315.21

^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 23-Aug-21. Past performance may or may not be sustained in future and should not be used as a basis of comparison with other
investments. Since inception returns of the scheme is calculated on face value of Rs. 10 invested at inception. The performance details provided above are of Growth Option under Regular and Direct Plan. Different Plans i.e Regular Plan and Direct
Plan under the scheme has different expense structure. *Based on standard investment of Rs. 10,000 made at the beginning of the relevant period.

CAGR Returns (%) Value of Investment of ` 10,000* NAV / Index Value

Mahindra Manulife Small Cap Fund
(as on September 30,
Managed by Mr. Abhinav Khandelwal & Mr. Manish Lodha
1 Year Since Inception 1 Year (`) Since Inception 2024)

Regular Plan - Growth Option 59.14 52.70 15,954 21,450 21.4500

Direct Plan - Growth Option 61.73 55.35 16,216 22,124 22.1243

BSE 250 Small Cap TRI^ 48.94 42.17 14,926 18,857 9,224.79

Nifty 50 TRI^^ 32.80 21.69 13,300 14,246 38,315.21

^Benchmark ^^Additional Benchmark. Inception/Allotment date: 12-Dec-22. Past performance may or may not be sustained in future and should not be used as a basis of comparison with other investments. Since inception returns of the
scheme is calculated on face value of Rs. 10 invested at inception. The performance details provided above are of Growth Option under Regular and Direct Plan. Different Plans i.e Regular Plan and Direct Plan under the scheme has different
expense structure. *Based on standard investment of Rs. 10,000 made at the beginning of the relevant period.

CAGR Returns (%) Value of Investment of ` 10,000* NAV / Index Value

Mahindra Manulife Asia Pacific REIT FoF
(as on September 30,
Managed by Mr. Pranav Patel & Mr. Amit Garg
$
1 Year Since Inception 1 Year (`) Since Inception 2024)

Regular Plan - Growth Option 16.60 -2.40 11,670 9,309 9.3086

Direct Plan - Growth Option 17.69 -1.43 11,780 9,584 9.5840

TRI - Total Return Index

FTSE EPRA Nareit Asia ex Japan REITs Index^ 19.53 2.61 11,964 10,788 2,85,988.30

Nifty 50 TRI^^ 32.80 13.81 13,300 14,643 38,315.21

^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 20-Oct-21. Past performance may or may not be sustained in future and should not be used as a basis of comparison with other
investments. Since inception returns of the scheme is calculated on face value of Rs. 10 invested at inception. The performance details provided above are of Growth Option under Regular and Direct Plan. Different Plans i.e Regular Plan and Direct
Plan under the scheme has different expense structure. *Based on standard investment of Rs. 10,000 made at the beginning of the relevant period. Mr. Pranav Patel is managing this fund since January 05, 2024. Mr. Amit Garg is managing the
scheme since October 20, 2021. $Dedicated Fund Manager for Overseas Investments.

33
 Fund Performance as on September 30, 2024

Mahindra Manulife Equity Savings Fund CAGR Returns (%) Value of Investment of ` 10,000* NAV / Index Value
Managed by Mr. Manish Lodha (Equity), Mr. Renjith Sivaram (as on September
(Equity); Mr. Rahul Pal (Debt) & Mr. Pranav Patel£ 1 Year 3 Years 5 Years Since Inception 1 Year (`) 3 Years (`) 5 Years (`) Since Inception 30, 2024)

Regular Plan - Growth Option 16.41 9.11 12.11 9.59 11,651 12,994 17,719 20,174 20.1739

Direct Plan - Growth Option 18.36 11.05 14.04 11.63 11,847 13,700 19,306 23,237 23.2365

Nifty Equity Savings TRI^ 16.16 9.29 10.85 10.06 11,626 13,055 16,749 20,853 6,065.51

CRISIL 10 Yr Gilt Index^^ 10.31 5.37 5.64 5.45 11,037 11,702 13,162 15,017 4,804.62

^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 1-Feb-17. Past performance may or may not be sustained in future and should not be used as a basis of comparison with other
investments. Since inception returns of the scheme is calculated on face value of Rs. 10 invested at inception. The performance details provided above are of Growth Option under Regular and Direct Plan. Different Plans i.e Regular Plan and
Direct Plan under the scheme has different expense structure. *Based on standard investment of Rs. 10,000 made at the beginning of the relevant period. Mr. Manish Lodha is managing this fund since December 21, 2020. Mr. Renjith Sivaram
is managing this fund since July 03, 2023. Mr. Pranav Patel is managing this fund since January 05, 2024. £Dedicated Fund Manager for Overseas Investments.

CAGR Returns (%) Value of Investment of ` 10,000*

Mahindra Manulife Aggressive Hybrid Fund NAV / Index Value
Managed by Ms. Fatema Pacha (Equity), Mr. Manish Lodha (as on September 30,
Since Since
(Equity), Mr. Rahul Pal (Debt) & Mr. Amit Garg (Debt) 1 Year 3 Years 5 Years 1 Year (`) 3 Years (`) 5 Years (`) 2024)
Inception Inception

Regular Plan - Growth Option 37.40 17.70 21.11 21.25 13,764 16,313 26,085 27,266 27.2658

Direct Plan - Growth Option 39.70 19.86 23.36 23.50 13,995 17,229 28,600 30,004 30.0035

CRISIL Hybrid 35+65 Aggressive Index^ 28.52 13.61 16.80 16.30 12,870 14,671 21,756 21,951 20,790.48

Nifty 50 TRI^^ 32.80 14.92 18.95 18.34 13,300 15,184 23,839 24,029 38,315.21

^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 19-Jul-19. Past performance may or may not be sustained in future and should not be used as a basis of comparison with other
investments. Since inception returns of the scheme is calculated on face value of Rs. 10 invested at inception. The performance details provided above are of Growth Option under Regular and Direct Plan. Different Plans i.e Regular Plan and
Direct Plan under the scheme has different expense structure. *Based on standard investment of Rs. 10,000 made at the beginning of the relevant period. Ms. Fatema Pacha is managing this scheme since October 16, 2020. Mr. Manish Lodha
is managing this fund since December 21, 2020. Mr. Amit Garg is managing the scheme since May 02, 2024.

Mahindra Manulife Balanced Advantage Fund CAGR Returns (%) Value of Investment of ` 10,000* NAV / Index Value
Managed by Mr. Manish Lodha (Equity), Ms. Fatema Pacha (Equity) & (as on September
Mr. Rahul Pal (Debt) 1 Year Since Inception 1 Year (`) Since Inception 30, 2024)

Regular Plan - Growth Option 27.53 14.33 12,770 14,460 14.4602

Direct Plan - Growth Option 29.72 16.43 12,991 15,202 15.2024

Nifty 50 Hybrid Composite Debt 50: 50 Index TRI^ 20.58 11.87 12,071 13,620 15,884.06

Nifty 50 TRI^^ 32.80 17.30 13,300 15,516 38,315.21

^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 30-Dec-21. Past performance may or may not be sustained in future and should not be used as a basis of comparison with other
investments. Since inception returns of the scheme is calculated on face value of Rs. 10 invested at inception. The performance details provided above are of Growth Option under Regular and Direct Plan. Different Plans i.e Regular Plan and Direct
Plan under the scheme has different expense structure. *Based on standard investment of Rs. 10,000 made at the beginning of the relevant period.

Mahindra Manulife Arbitrage Fund CAGR Returns (%) Value of Investment of ` 10,000* NAV / Index Value
Managed by Mr. Abhinav Khandelwal (Equity) & (as on September
Mr. Manish Lodha (Equity); Mr. Rahul Pal (Debt) 1 Year 3 Years Since Inception 1 Year (`) 3 Years (`) Since Inception 30, 2024)

Regular Plan - Growth Option 5.94 4.72 4.21 10,597 11,484 11,842 11.8419

Direct Plan - Growth Option 6.78 5.58 5.07 10,681 11,771 12,251 12.2512

Nifty 50 Arbitrage^ 7.05 6.09 5.51 10,709 11,941 12,465 2,372.64

CRISIL 1 Yr T-Bill Index^^ 7.64 5.84 5.27 10,768 11,857 12,347 7,374.14

^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 24-Aug-20. Past performance may or may not be sustained in future and should not be used as a basis of comparison with other
investments. Since inception returns of the scheme is calculated on face value of Rs. 10 invested at inception. The performance details provided above are of Growth Option under Regular and Direct Plan. Different Plans i.e Regular Plan and
Direct Plan under the scheme has different expense structure. *Based on standard investment of Rs. 10,000 made at the beginning of the relevant period. Mr. Abhinav Khandelwal is managing this scheme since April 1, 2022. Mr. Manish Lodha is
managing this fund since December 21, 2020.

Mahindra Manulife Liquid Fund Simple Annualised Returns (%) CAGR Returns (%) Value of Investment of ` 10,000* NAV / Index Value
 anaged by Mr. Rahul Pal and
M (as on September
Since Since
Mr. Amit Garg 7 Days 15 Days 30 days 1 Year 3 Years 5 Years 1 Year (`) 3 Years (`) 5 Years (`) 30, 2024)
Inception Inception
Regular Plan - Growth Option
7.52 7.27 7.07 7.34 6.10 5.28 5.98 10,736 11,946 12,938 16,138 1,613.7870

Direct Plan - Growth Option

7.63 7.38 7.18 7.46 6.22 5.40 6.10 10,748 11,986 13,010 16,297 1,629.7381

CRISIL Liquid Debt A-I Index^

7.29 7.19 7.03 7.34 6.17 5.33 5.93 10,736 11,969 12,971 16,080 4,110.76
TRI - Total Return Index

CRISIL 1 Yr T-Bill Index^^

7.28 8.26 8.06 7.64 5.84 5.56 6.07 10,767 11,857 13,108 16,253 7,374.14

^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 04-Jul-16. Past performance may or may not be sustained in future and should not be used as a basis of comparison with other
investments. Since inception returns of the scheme is calculated on face value of Rs. 1,000 invested at inception. The performance details provided above are of Growth Option under Regular and Direct Plan. Different Plans i.e Regular Plan
and Direct Plan under the scheme has different expense structure. *Based on standard investment of R  s. 10,000 made at the beginning of the relevant period. Mr. Amit Garg is managing the scheme since June 8, 2020.

34
 Fund Performance as on September 30, 2024

Mahindra Manulife Low Duration Fund CAGR Returns (%) Value of Investment of ` 10,000* NAV / Index Value (as
on September 30,
Managed by Mr. Rahul Pal
1 Year 3 Years 5 Years Since Inception 1 Year (`) 3 Years (`) 5 Years (`) Since Inception 2024)

Regular Plan - Growth Option 6.95 5.48 5.39 5.90 10,699 11,738 13,007 15,481 1,548.1251

Direct Plan - Growth Option 7.79 6.32 6.24 6.79 10,784 12,020 13,538 16,508 1,650.8253

CRISIL Low Duration Debt A-I Index^ 7.57 6.17 6.07 6.60 10,762 11,971 13,429 16,279 7,578.71

CRISIL 1 Yr T-Bill Index^^ 7.64 5.84 5.56 5.99 10,768 11,857 13,108 15,583 7,374.14
^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 15-Feb-17. Past performance may or may not be sustained in future and should not be used as a basis of comparison with other
investments. Since inception returns of the scheme is calculated on face value of Rs. 1,000 invested at inception. The performance details provided above are of Growth Option under Regular and Direct Plan. Different Plans i.e Regular Plan
and Direct Plan under the scheme has different expense structure. *Based on standard investment of Rs. 10,000 made at the beginning of the relevant period.

Mahindra Manulife Dynamic Bond Fund CAGR Returns (%) Value of Investment of ` 10,000* NAV / Index Value
(as on September 30,
Managed by Mr. Rahul Pal
1 Year 3 Years 5 Years Since Inception 1 Year (`) 3 Years (`) 5 Years (`) Since Inception 2024)

Regular Plan - Growth Option 9.32 4.82 4.91 5.20 10,938 11,518 12,713 13,637 13.6371

Direct Plan - Growth Option 10.61 6.00 6.09 6.38 11,068 11,912 13,443 14,597 14.5973

CRISIL Dynamic Bond A-III Index^ 9.31 5.74 7.07 7.95 10,936 11,826 14,075 15,969 5,531.61

CRISIL 10 Yr Gilt Index^^ 10.31 5.37 5.64 7.06 11,037 11,702 13,162 15,175 4,804.62
^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 20-Aug-18. Past performance may or may not be sustained in future and should not be used as a basis of comparison with other
investments. Since inception returns of the scheme is calculated on face value of Rs. 10 invested at inception. The performance details provided above are of Growth Option under Regular and Direct Plan. Different Plans i.e Regular Plan and
Direct Plan under the scheme has different expense structure. *Based on standard investment of Rs. 10,000 made at the beginning of the relevant period.

Simple Annualised Returns (%) CAGR Returns (%) Value of Investment of ` 10,000* NAV / Index
Mahindra Manulife Overnight Fund Value (as on
Managed by Mr. Rahul Pal and Mr. Amit Garg Since 1 Year 3 Years 5 Years Since September 30,
7 Days 15 Days 30 days 1 Year 3 Years 5 Years
Inception (`) (`) (`) Inception 2024)
Regular Plan - Growth Option 6.44 6.48 6.38 6.67 5.66 4.75 4.76 10,669 11,797 12,613 12,735 1,273.5122

Direct Plan - Growth Option 6.54 6.58 6.49 6.77 5.76 4.85 4.87 10,679 11,832 12,677 12,802 1,280.2223

CRISIL Liquid Overnight Index^ 6.51 6.56 6.46 6.81 5.81 4.89 4.92 10,683 11,848 12,702 12,831 3,346.79

CRISIL 1 Yr T-Bill Index^^ 7.28 8.26 8.06 7.64 5.84 5.56 5.63 10,767 11,857 13,108 13,292 7,374.14
^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 23-Jul-19. Past performance may or may not be sustained in future and should not be used as a basis of comparison with other
investments. Since inception returns of the scheme is calculated on face value of Rs. 1,000 invested at inception. The performance details provided above are of Growth Option under Regular and Direct Plan. Different Plans i.e Regular Plan
and Direct Plan under the scheme has different expense structure. *Based on standard investment of Rs. 10,000 made at the beginning of the relevant period. Mr. Amit Garg is managing the scheme since June 8, 2020.

Mahindra Manulife Ultra Short Duration Fund CAGR Returns (%) Value of Investment of ` 10,000* NAV / Index Value
(as on September 30,
Managed by Mr. Rahul Pal and Mr. Amit Garg 1 Year 3 Years Since Inception 1 Year (`) 3 Years (`) Since Inception 2024)

Regular Plan - Growth Option 7.18 5.85 5.50 10,722 11,862 13,039 1,303.9239

Direct Plan - Growth Option 7.63 6.30 5.94 10,768 12,013 13,314 1,331.4147

CRISIL Ultra Short Duration Debt A-I Index^ 7.62 6.37 5.86 10,766 12,036 13,261 7,666.17

CRISIL 1 Yr T-Bill Index^^ 7.64 5.84 5.53 10,768 11,857 13,060 7,374.14
^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 17-Oct-19. Past performance may or may not be sustained in future and should not be used as a basis of comparison with other
investments. Since inception returns of the scheme is calculated on face value of Rs. 1,000 invested at inception. The performance details provided above are of Growth Option under Regular and Direct Plan. Different Plans i.e Regular Plan
and Direct Plan under the scheme has different expense structure. *Based on standard investment of R  s. 10,000 made at the beginning of the relevant period. Mr. Amit Garg is managing the scheme since June 8, 2020.

Mahindra Manulife Short Duration Fund CAGR Returns (%) Value of Investment of ` 10,000* NAV / Index Value
(as on September 30,
Managed by Mr. Rahul Pal & Mr. Pranav Patel$ 3 Years 3 Years (`)
1 Year Since Inception 1 Year (`) Since Inception 2024)

Regular Plan - Growth Option 7.77 5.30 5.29 10,781 11,676 12,039 12.0388

Direct Plan - Growth Option 8.82 6.32 6.31 10,887 12,021 12,464 12.4643

CRISIL Short Duration Debt A-II Index^ 7.91 5.80 5.88 10,795 11,844 12,286 4,718.22

CRISIL 1 Yr T-Bill Index^^ 7.64 5.84 5.52 10,768 11,857 12,137 7,374.14
^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 23-Feb-21. Past performance may or may not be sustained in future and should not be used as a basis of comparison with other
investments. Since inception returns of the scheme is calculated on face value of Rs. 1,000 invested at inception. The performance details provided above are of Growth Option under Regular and Direct Plan. Different Plans i.e Regular Plan
and Direct Plan under the scheme has different expense structure. *Based on standard investment of Rs. 10,000 made at the beginning of the relevant period. Mr. Pranav Patel is managing the scheme since January 05, 2024. $Dedicated Fund
Manager for Overseas Investments.

Mahindra Manulife Business Cycle Fund CAGR Returns (%) Value of Investment of ` 10,000*
NAV / Index Value
Managed by Mr. Krishna Sanghavi, Mr. Renjith Sivaram
(as on September 30, 2024)
& Mr. Pranav Patel$ 1 Year Since Inception 1 Year (`) Since Inception

Regular Plan - Growth Option 59.61 56.48 16,002 16,037 16.0367

Direct Plan - Growth Option 62.54 59.37 16,297 16,349 16.3488

Nifty 500 TRI^ 41.27 36.33 14,154 13,867 38,261.39

Nifty 50 TRI^^ 32.80 28.82 13,300 13,062 38,315.21

^Benchmark ^^Additional Benchmark. Inception/Allotment date: 11-Sep-23. Past performance may or may not be sustained in future and should not be used as a basis of comparison with other investments. Since inception returns of the scheme
is calculated on face value of Rs. 10 invested at inception. The performance details provided above are of Growth Option under Regular and Direct Plan. Different Plans i.e Regular Plan and Direct Plan under the scheme has different expense
structure. *Based on standard investment of Rs. 10,000 made at the beginning of the relevant period. Mr. Pranav Patel is managing this fund since January 05, 2024. $Dedicated Fund Manager for Overseas Investments.

Mahindra Manulife Multi Asset Allocation Fund Simple Annualised Returns (%) Value of Investment of ` 10,000*
NAV / Index Value
Managed by Mr. Renjith Sivaram (Equity), Mr. Rahul Pal (Debt)
(as on September 30, 2024)
& Mr. Pranav Patel$ 6 Months Since Inception 6 Months (`) Since Inception

Regular Plan - Growth Option 26.02 26.47 11,326 11,458 11.4578

TRI - Total Return Index

Direct Plan - Growth Option 27.88 28.37 11,421 11,562 11.5621

45% Nifty 500 TRI + 40% CRISIL Composite Bond Index
+ 10% Domestic Price of Physical Gold + 5% Domestic 26.34 28.35 11,342 11,561 11.5610
Price of Silver^
Nifty 50 TRI^^ 32.53 33.27 11,658 11,832 38,315.21
^Benchmark ^^Additional Benchmark. Inception/Allotment date: 13-Mar-24. Past performance may or may not be sustained in future and should not be used as a basis of comparison with other investments. Since inception returns of the scheme
is calculated on face value of Rs. 10 invested at inception. The performance details provided above are of Growth Option under Regular and Direct Plan. Different Plans i.e Regular Plan and Direct Plan under the scheme has different expense
structure. *Based on standard investment of Rs. 10,000 made at the beginning of the relevant period.
Dedicated Fund Manager for Overseas Investments. Simple annualized returns have been provided as per the extant guidelines since the scheme has completed 6 months but not 1 year.
$

Note: The performance data of Mahindra Manulife Manufacturing Fund has not been provided as the scheme has not completed 6 months since inception. The said Scheme is co-managed by Mr. Renjith Sivaram, Mr. Manish Lodha & Mr. Pranav
Patel (Dedicated Fund Manager for Overseas Investments)

35
 SIP Performance as on September 30, 2024
SIP Performance - If you had invested Rs. 10,000 every month

Mahindra Manulife ELSS Tax Saver Fund Regular Plan Direct Plan Nifty 500 TRI^ Nifty 50 TRI^^

SIP Investment Total Amount Market CAGR Returns Market Value CAGR Returns Market Value CAGR Returns Market Value CAGR Returns
Period Invested (`) Value (`) (%) (`) (%) (`) (%) (`) (%)

1 Year 1,20,000 1,40,198 32.67 1,41,461 34.80 1,45,027 40.87 1,41,142 34.26

3 Years 3,60,000 5,09,889 23.97 5,23,833 25.94 5,37,373 27.83 4,99,835 22.52

5 Years 6,00,000 10,84,813 23.92 11,39,491 25.97 11,38,044 25.92 10,31,616 21.83

Since Inception 9,50,000 19,92,077 18.19 21,55,843 20.12 21,75,171 20.34 19,86,810 18.13

^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 18-Oct-16. Past performance may or may not be sustained in future and should not be used as a basis of comparison with other
investments. Returns greater than 1 year period are compounded annualized. For SIP returns, monthly investment of equal amounts invested on the 1st business day of every month has been considered. CAGR Returns (%) are computed
after accounting for the cash flow by using the XIRR method (investment internal rate of return).

Mahindra Manulife Multi Cap Fund Regular Plan Direct Plan Nifty 500 Multicap 50:25:25 TRI^ Nifty 50 TRI^^

SIP Investment Total Amount Market Value CAGR Market Value CAGR Market CAGR
Market Value (`) CAGR Returns (%)
Period Invested (`) (`) Returns (%) (`) Returns (%) Value (`) Returns (%)

1 Year 1,20,000 1,46,799 43.92 1,48,056 46.09 1,46,272 43.01 1,41,142 34.26

3 Years 3,60,000 5,72,637 32.60 5,88,234 34.64 5,63,752 31.41 4,99,835 22.52

5 Years 6,00,000 12,82,278 30.94 13,49,357 33.11 12,44,681 29.68 10,31,616 21.83

Since Inception 8,80,000 22,56,973 25.14 24,35,871 27.18 21,05,965 23.29 17,59,393 18.49

^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 11-May-17. Past performance may or may not be sustained in future and should not be used as a basis of comparison with other
investments. Returns greater than 1 year period are compounded annualized. For SIP returns, monthly investment of equal amounts invested on the 1st business day of every month has been considered. CAGR Returns (%) are computed
after accounting for the cash flow by using the XIRR method (investment internal rate of return).

Mahindra Manulife Mid Cap Fund Regular Plan Direct Plan Nifty Midcap 150 TRI^ Nifty 50 TRI^^

SIP Investment Total Amount Invested Market Value CAGR Market Value CAGR Market Value CAGR Market Value CAGR
Period (`) (`) Returns (%) (`) Returns (%) (`) Returns (%) (`) Returns (%)

1 Year 1,20,000 1,51,863 52.72 1,53,173 55.02 1,48,657 47.13 1,41,142 34.26

3 Years 3,60,000 6,28,525 39.77 6,45,454 41.86 6,11,366 37.61 4,99,835 22.52

5 Years 6,00,000 14,16,387 35.19 14,87,703 37.31 14,16,930 35.21 10,31,616 21.83

Since Inception 8,00,000 21,71,685 29.67 23,18,900 31.65 21,53,163 29.41 15,35,930 19.29

^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 30-Jan-18. Past performance may or may not be sustained in future and should not be used as a basis of comparison with other
investments. Returns greater than 1 year period are compounded annualized. For SIP returns, monthly investment of equal amounts invested on the 1st business day of every month has been considered. CAGR Returns (%) are computed
after accounting for the cash flow by using the XIRR method (investment internal rate of return).

Mahindra Manulife Consumption Fund Regular Plan Direct Plan Nifty India Consumption TRI^ Nifty 50 TRI^^

SIP Investment Total Amount Invested Market Value CAGR Market Value CAGR Market Value CAGR Market Value CAGR
Period (`) (`) Returns (%) (`) Returns (%) (`) Returns (%) (`) Returns (%)

1 Year 1,20,000 1,52,344 53.56 1,53,831 56.18 1,55,471 59.08 1,41,142 34.26

3 Years 3,60,000 5,72,405 32.57 5,88,542 34.68 5,79,871 33.55 4,99,835 22.52

5 Years 6,00,000 11,61,544 26.77 12,18,432 28.78 11,90,993 27.82 10,31,616 21.83

Since Inception 7,00,000 14,17,771 24.17 14,99,216 26.12 14,76,958 25.60 12,76,586 20.52

^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 13-Nov-2018. Past performance may or may not be sustained in future and should not be used as a basis of comparison with other
investments. Returns greater than 1 year period are compounded annualized. For SIP returns, monthly investment of equal amounts invested on the 1st business day of every month has been considered. CAGR Returns (%) are computed after
accounting for the cash flow by using the XIRR method (investment internal rate of return).

Mahindra Manulife Large Cap Fund Regular Plan Direct Plan Nifty 100 TRI^ BSE Sensex TRI^^$

SIP Investment Total Amount Invested Market Value CAGR Market Value CAGR Market Value CAGR Market Value CAGR
Period (`) (`) Returns (%) (`) Returns (%) (`) Returns (%) (`) Returns (%)
TRI - Total Return Index

1 Year 1,20,000 1,41,933 35.60 1,43,289 37.90 1,43,727 38.65 1,39,417 31.36

3 Years 3,60,000 5,06,279 23.45 5,20,972 25.54 5,14,070 24.56 4,88,638 20.88

5 Years 6,00,000 10,31,160 21.81 10,85,885 23.96 10,59,733 22.95 10,02,399 20.65

Since Inception 6,60,000 11,73,818 20.94 12,42,941 23.07 12,07,174 21.98 11,42,485 19.94

^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 15-Mar-2019. Past performance may or may not be sustained in future and should not be used as a basis of comparison with
other investments. Returns greater than 1 year period are compounded annualized. For SIP returns, monthly investment of equal amounts invested on the 1st business day of every month has been considered. CAGR Returns (%) are
computed after accounting for the cash flow by using the XIRR method (investment internal rate of return).

36
 SIP Performance as on September 30, 2024
SIP Performance - If you had invested Rs. 10,000 every month

Mahindra Manulife Large & Mid Cap Fund Regular Plan Direct Plan Nifty Large Midcap 250 TRI^ Nifty 50 TRI^^

SIP Investment Total Amount Invested Market Value CAGR Market Value CAGR Market Value Market Value CAGR
CAGR Returns (%)
Period (`) (`) Returns (%) (`) Returns (%) (`) (`) Returns (%)

1 Year 1,20,000 1,41,014 34.04 1,42,280 36.19 1,46,224 42.92 1,41,142 34.26

3 Years 3,60,000 5,39,136 28.07 5,54,518 30.17 5,61,194 31.07 4,99,835 22.52

Since Inception 5,70,000 10,95,100 28.00 11,51,925 30.27 11,35,978 29.64 9,61,912 22.27

^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 30-Dec-19. Past performance may or may not be sustained in future and should not be used as a basis of comparison with other
investments. Returns greater than 1 year period are compounded annualized. For SIP returns, monthly investment of equal amounts invested on the 1st business day of every month has been considered. CAGR Returns (%) are computed after
accounting for the cash flow by using the XIRR method (investment internal rate of return).

Mahindra Manulife Focused Fund Regular Plan Direct Plan Nifty 500 TRI^ Nifty 50 TRI^^

SIP Investment Total Amount Invested Market Value CAGR Market Value CAGR Market Value CAGR Market Value CAGR
Period (`) (`) Returns (%) (`) Returns (%) (`) Returns (%) (`) Returns (%)

1 Year 1,20,000 1,47,935 45.88 1,49,363 48.35 1,45,027 40.87 1,41,142 34.26

3 Years 3,60,000 5,77,410 33.23 5,94,962 35.52 5,37,373 27.83 4,99,835 22.52

Since Inception 4,60,000 8,07,340 30.42 8,40,871 32.76 7,37,742 25.30 6,80,325 20.79

^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 17-Nov-20. Past performance may or may not be sustained in future and should not be used as a basis of comparison with other
investments. Returns greater than 1 year period are compounded annualized. For SIP returns, monthly investment of equal amounts invested on the 1st business day of every month has been considered. CAGR Returns (%) are computed
after accounting for the cash flow by using the XIRR method (investment internal rate of return).

Mahindra Manulife Flexi Cap Fund Regular Plan Direct Plan Nifty 500 TRI^ Nifty 50 TRI^^

SIP Investment Total Amount Invested Market Value CAGR Market Value CAGR Market Value CAGR Market Value CAGR
Period (`) (`) Returns (%) (`) Returns (%) (`) Returns (%) (`) Returns (%)

1 Year 1,20,000 1,42,567 36.67 1,43,947 39.02 1,45,027 40.87 1,41,142 34.26

3 Years 3,60,000 5,32,277 27.12 5,48,418 29.34 5,37,373 27.83 4,99,835 22.52

Since Inception 3,80,000 5,65,572 26.06 5,83,720 28.27 5,72,219 26.87 5,31,414 21.77

^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 23-August-21. Past performance may or may not be sustained in future and should not be used as a basis of comparison with
other investments. Returns greater than 1 year period are compounded annualized. For SIP returns, monthly investment of equal amounts invested on the 1st business day of every month has been considered. CAGR Returns (%) are
computed after accounting for the cash flow by using the XIRR method (investment internal rate of return).

Mahindra Manulife Small Cap Fund Regular Plan Direct Plan BSE 250 Small Cap TRI^ Nifty 50 TRI^^

SIP Investment Total Amount Invested Market Value CAGR Market Value CAGR Market Value CAGR Returns Market CAGR
Period (`) (`) Returns (%) (`) Returns (%) (`) (%) Value (`) Returns (%)

1 Year 1,20,000 1,53,948 56.39 1,55,359 58.88 1,49,164 48.01 1,41,142 34.26

Since Inception 2,20,000 3,53,730 59.37 3,60,131 62.03 3,33,244 50.77 2,84,004 29.41

^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 12-Dec-22. Past performance may or may not be sustained in future and should not be used as a basis of comparison with other
investments. Returns greater than 1 year period are compounded annualized. For SIP returns, monthly investment of equal amounts invested on the 1st business day of every month has been considered. CAGR Returns (%) are computed
after accounting for the cash flow by using the XIRR method (investment internal rate of return).

FTSE EPRA Nareit Asia ex

Mahindra Manulife Asia Pacific REITs FOF Regular Plan Direct Plan Nifty 50 TRI^^
Japan REITs Index^
TRI - Total Return Index

SIP Investment Total Amount Invested Market Value CAGR Market Value CAGR Market Value CAGR Market Value CAGR
Period (`) (`) Returns (%) (`) Returns (%) (`) Returns (%) (`) Returns (%)

1 Year 1,20,000 1,37,953 28.90 1,38,641 30.05 1,40,167 32.62 1,41,142 34.26

Since Inception 3,60,000 3,86,838 4.73 3,92,403 5.69 4,04,086 7.66 4,99,332 22.49

^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 20-October-21. Past performance may or may not be sustained in future and should not be used as a basis of comparison
with other investments. Returns greater than 1 year period are compounded annualized. For SIP returns, monthly investment of equal amounts invested on the 1st business day of every month has been considered. CAGR Returns (%) are
computed after accounting for the cash flow by using the XIRR method (investment internal rate of return).

37
 SIP Performance as on September 30, 2024
SIP Performance - If you had invested Rs. 10,000 every month

Mahindra Manulife Equity Savings Fund Regular Plan Direct Plan Nifty Equity Savings TRI^ CRISIL 10 Yr Gilt Index^^

SIP Investment Total Amount Invested Market Value CAGR Market Value CAGR Market Value CAGR Market Value CAGR
Period (`) (`) Returns (%) (`) Returns (%) (`) Returns (%) (`) Returns (%)

1 Year 1,20,000 1,29,898 15.67 1,31,098 17.61 1,30,393 16.47 1,27,401 11.65

3 Years 3,60,000 4,36,274 12.89 4,48,497 14.81 4,33,731 12.49 4,07,334 8.19

5 Years 6,00,000 8,27,272 12.81 8,68,368 14.77 8,05,724 11.74 7,00,914 6.16

Since Inception 9,10,000 14,01,638 11.15 15,10,780 13.07 13,77,849 10.71 11,58,442 6.26

^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 1-Feb-17. Past performance may or may not be sustained in future and should not be used as a basis of comparison with other
investments. Returns greater than 1 year period are compounded annualized. For SIP returns, monthly investment of equal amounts invested on the 1st business day of every month has been considered. CAGR Returns (%) are computed
after accounting for the cash flow by using the XIRR method (investment internal rate of return).

CRISIL Hybrid 35+65 Aggressive

Mahindra Manulife Aggressive Hybrid Fund Regular Plan Direct Plan Nifty 50 TRI^^
Index^

SIP Investment Total Amount Invested Market CAGR Market CAGR CAGR Returns Market CAGR
Market Value (`)
Period (`) Value (`) Returns (%) Value (`) Returns (%) (%) Value (`) Returns (%)

1 Year 1,20,000 1,43,930 38.99 1,45,286 41.31 1,37,859 28.75 1,41,142 34.26

3 Years 3,60,000 5,23,535 25.91 5,38,903 28.05 4,82,070 19.92 4,99,516 22.48

5 Years 6,00,000 10,80,163 23.74 11,39,286 25.97 9,52,361 18.54 10,32,274 21.86

Since Inception 6,20,000 11,34,126 23.54 11,98,590 25.76 9,97,102 18.42 10,81,909 21.66

^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 19-Jul-19. Past performance may or may not be sustained in future and should not be used as a basis of comparison with other
investments. Returns greater than 1 year period are compounded annualized. For SIP returns, monthly investment of equal amounts invested on the 1st business day of every month has been considered. CAGR Returns (%) are computed after
accounting for the cash flow by using the XIRR method (investment internal rate of return).

Mahindra Manulife Balanced Nifty 50 Hybrid Composite

Regular Plan Direct Plan Nifty 50 TRI^^
Advantage Fund Debt 50:50 Index TRI^

SIP Investment Total Amount Invested Market Value CAGR Market Value CAGR Market Value CAGR Market Value CAGR
Period (`) (`) Returns (%) (`) Returns (%) (`) Returns (%) (`) Returns (%)

1 Year 1,20,000 1,35,479 24.79 1,36,787 26.96 1,33,583 21.67 1,41,142 34.26

Since Inception 3,40,000 4,49,129 20.18 4,61,537 22.27 4,23,439 15.73 4,69,317 23.56

^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 30-December-21. Past performance may or may not be sustained in future and should not be used as a basis of comparison
with other investments. Returns greater than 1 year period are compounded annualized. For SIP returns, monthly investment of equal amounts invested on the 1st business day of every month has been considered. CAGR Returns (%) are
computed after accounting for the cash flow by using the XIRR method (investment internal rate of return).

Mahindra Manulife Arbitrage Fund Regular Plan Direct Plan Nifty 50 Arbitrage TRI^ Crisil 1 Yr T-Bill Index^^

SIP Investment Total Amount Invested Market Value CAGR Market Value CAGR Market Value CAGR Market Value CAGR
Period (`) (`) Returns (%) (`) Returns (%) (`) Returns (%) (`) Returns (%)

1 Year 1,20,000 1,23,770 5.89 1,24,299 6.72 1,24,134 6.46 1,24,987 7.81

3 Years 3,60,000 3,91,144 5.46 3,96,158 6.32 3,99,164 6.82 3,99,283 6.84

Since Inception 4,90,000 5,42,988 4.97 5,52,557 5.83 5,58,106 6.32 5,56,809 6.20

^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 24-Aug-20. Past performance may or may not be sustained in future and should not be used as a basis of comparison with other
investments. Returns greater than 1 year period are compounded annualized. For SIP returns, monthly investment of equal amounts invested on the 1st business day of every month has been considered. CAGR Returns (%) are computed after
accounting for the cash flow by using the XIRR method (investment internal rate of return).

Mahindra Manulife Low Duration Fund Regular Plan Direct Plan CRISIL Low Duration Debt A-I Index^ Crisil 1 Yr T-Bill Index^^

SIP Investment Total Amount Market Value CAGR Returns Market Value CAGR Market Value Market CAGR Returns
CAGR Returns (%)
Period Invested (`) (`) (%) (`) Returns (%) (`) Value (`) (%)

1 Year 1,20,000 1,24,581 7.16 1,25,119 8.02 1,24,903 7.67 1,24,987 7.81

3 Years 3,60,000 3,96,716 6.41 4,01,682 7.25 4,00,454 7.04 3,99,283 6.84
TRI - Total Return Index

5 Years 6,00,000 6,91,313 5.61 7,05,944 6.44 7,02,899 6.27 6,96,742 5.92

Since Inception 9,10,000 11,34,584 5.72 11,72,937 6.58 11,65,347 6.41 11,43,931 5.93

^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 15-Feb-17. Past performance may or may not be sustained in future and should not be used as a basis of comparison with other
investments. Returns greater than 1 year period are compounded annualized. For SIP returns, monthly investment of equal amounts invested on the 1st business day of every month has been considered. CAGR Returns (%) are computed
after accounting for the cash flow by using the XIRR method (investment internal rate of return).

38
 SIP Performance as on September 30, 2024
SIP Performance - If you had invested Rs. 10,000 every month

Mahindra Manulife Dynamic Bond Fund Regular Plan Direct Plan CRISIL Dynamic Bond A-III Index^ CRISIL 10 Yr Gilt Index^^

SIP Investment Total Amount Invested Market Value CAGR Market CAGR CAGR Returns Market Value CAGR Returns
Market Value (`)
Period (`) (`) Returns (%) Value (`) Returns (%) (%) (`) (%)

1 Year 1,20,000 1,26,784 10.66 1,27,604 11.97 1,26,734 10.58 1,27,401 11.65

3 Years 3,60,000 4,00,858 7.11 4,08,142 8.32 4,04,921 7.79 4,07,334 8.19

5 Years 6,00,000 6,89,345 5.49 7,09,974 6.67 7,10,933 6.72 7,00,914 6.16

Since Inception 7,30,000 8,61,089 5.36 8,92,718 6.53 9,06,453 7.03 8,85,775 6.28

TRI - Total Return Index

^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 20-Aug-18. Past performance may or may not be sustained in future and should not be used as a basis of comparison with other
investments. Returns greater than 1 year period are compounded annualized. For SIP returns, monthly investment of equal amounts invested on the 1st business day of every month has been considered. CAGR Returns (%) are computed
after accounting for the cash flow by using the XIRR method (investment internal rate of return).

Mahindra Manulife Ultra Short CRISIL Ultra Short Duration

Regular Plan Direct Plan Crisil 1 Yr T-Bill Index^^
Duration Fund Debt A-I Index^

SIP Investment Total Amount Invested Market Value CAGR Market Value CAGR Market Value CAGR Market Value CAGR
Period (`) (`) Returns (%) (`) Returns (%) (`) Returns (%) (`) Returns (%)

1 Year 1,20,000 1,24,661 7.29 1,24,949 7.75 1,24,886 7.65 1,24,987 7.81

3 Years 3,60,000 3,98,242 6.67 4,00,912 7.12 4,01,080 7.15 3,99,283 6.84

Since Inception 5,90,000 6,82,249 5.85 6,89,750 6.29 6,90,068 6.31 6,83,639 5.93

^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 17-Oct-19. Past performance may or may not be sustained in future and should not be used as a basis of comparison with other
investments. Returns greater than 1 year period are compounded annualized. For SIP returns, monthly investment of equal amounts invested on the 1st business day of every month has been considered. CAGR Returns (%) are computed after
accounting for the cash flow by using the XIRR method (investment internal rate of return).

CRISIL Short Duration

Mahindra Manulife Short Duration Fund Regular Plan Direct Plan Crisil 1 Yr T-Bill Index^^
Debt A-II Index^

SIP Investment Total Amount Invested Market Value CAGR Market Value CAGR Market Value CAGR Market Value CAGR
Period (`) (`) Returns (%) (`) Returns (%) (`) Returns (%) (`) Returns (%)

1 Year 1,20,000 1,25,323 8.34 1,25,990 9.40 1,25,302 8.30 1,24,987 7.81

3 Years 3,60,000 3,97,886 6.61 4,04,031 7.64 4,00,335 7.02 3,99,283 6.84

Since Inception 4,30,000 4,80,889 6.19 4,89,754 7.21 4,84,532 6.61 4,83,304 6.47

^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 23-Feb-21. Past performance may or may not be sustained in future and should not be used as a basis of comparison with other
investments. Returns greater than 1 year period are compounded annualized. For SIP returns, monthly investment of equal amounts invested on the 1st business day of every month has been considered. CAGR Returns (%) are computed
after accounting for the cash flow by using the XIRR method (investment internal rate of return).

Mahindra Manulife Business Cycle Fund Regular Plan Direct Plan Nifty 500 TRI Index^ Nifty 50 Index TRI^^

SIP Investment Total Amount Invested Market Value CAGR Market Value CAGR Market Value CAGR Market Value CAGR
Period (`) (`) Returns (%) (`) Returns (%) (`) Returns (%) (`) Returns (%)

1 Year 1,20,000 1,54,474 57.32 1,56,096 60.19 1,45,027 40.87 1,41,142 34.26

Since Inception 1,30,000 1,48,558 25.42 1,54,929 34.46 1,58,894 40.17 1,54,204 33.43

^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 11-Sep-23. Past performance may or may not be sustained in future and should not be used as a basis of comparison with other
investments. Returns greater than 1 year period are compounded annualized. For SIP returns, monthly investment of equal amounts invested on the 1st business day of every month has been considered. CAGR Returns (%) are computed
after accounting for the cash flow by using the XIRR method (investment internal rate of return).

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