MAHINDRA MANULIFE BUSINESS CYCLE FUND
(An open ended equity scheme following
business cycles based investing theme)
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| Data as on 31st, August 2024 |
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| Investment Objective | The Scheme shall seek to generate long term capital appreciation by investing predominantly in equity and equity related securities with a focus on identifying and investing in business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy. However, there is no assurance that the objective of the Scheme will be realized. |
| Fund Features |
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| Fund Manager and Experience | Fund Manager: Mr. Krishna Sanghavi Total Experience: 27 years Experience in managing this fund: 11 months (Managing since September 11, 2023) Fund Manager: Mr. Renjith Sivaram Total Experience: 13 years Experience in managing this fund: 11 months (Managing since September 11, 2023) Fund Manager: Mr. Pranav Patel$ Total Experience: 9 years Experience in managing this fund: 8 months (Managing since January 05, 2024) $Dedicated Fund Manager for Overseas Investments |
| Date of allotment | September 11, 2023 |
| Benchmark | NIFTY 500 TRI |
| Options | IDCW (IDCW Option will have IDCW Reinvestment (D) & IDCW Payout facility) and Growth (D) D-Default |
| Minimum Application Amount | Rs. 1,000/- and in multiples of Re. 1/- thereafter |
| Minimum Additional Purchase Amount: | Rs. 1000 and in multiples of Rs. 1 thereafter |
| SIP | 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 Repurchase Amount: Rs. 1,000/- or 100 units or account balance, whichever is lower |
| Monthly AAUM as on August 31, 2024 (Rs. in Cr.): | 1,097.53 |
| Monthly AUM as on August 31, 2024 (Rs. in Cr.): | 1,146.47 |
| Total Expense Ratio 1 as on August 31, 2024: |
Regular Plan: 2.11% Direct Plan: 0.39% 1Includes 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. |
| Load Structure: | 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 August 30, 2024
| NAV/Unit | Regular Plan (In Rs.) |
Direct Plan (In Rs.) |
| IDCW | 15.6993 |
15.9813 |
| Growth | 15.6993 |
15.9813 |
| IDCW: Income Distribution cum Capital Withdrawal Note: As August 31, 2024 was a non business days, the NAV disclosed above is as on August 30, 2024. |
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Issuer |
% of Net Assets
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| Automobile and Auto Components | 3.92% |
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| Maruti Suzuki India Limited | 1.95% |
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| Asahi India Glass Limited | 1.02% |
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| Hero MotoCorp Limited | 0.95% |
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| Capital Goods | 5.69% |
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| Bharat Bijlee Limited | 1.43% |
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| Kirloskar Brothers Limited | 1.19% |
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| Carborundum Universal Limited | 1.06% |
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| Technocraft Industries (India) Limited | 1.01% |
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| Lakshmi Machine Works Limited | 1.00% |
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| Chemicals | 2.87% |
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| Coromandel International Limited | 1.15% |
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| NOCIL Limited | 0.86% |
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| Archean Chemical Industries Limited | 0.86% |
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| Construction | 0.95% |
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| ISGEC Heavy Engineering Limited | 0.95% |
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| Construction Materials | 2.12% |
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| Grasim Industries Limited | 2.12% |
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| Consumer Durables | 1.97% |
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| Bata India Limited | 1.04% |
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| VIP Industries Limited | 0.93% |
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| Fast Moving Consumer Goods | 9.01% |
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Hindustan Unilever Limited | 2.81% |
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ITC Limited | 2.63% |
| Triveni Engineering & Industries Limited | 1.37% |
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| Balrampur Chini Mills Limited | 1.17% |
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| Emami Limited | 1.03% |
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| Financial Services | 18.36% |
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HDFC Bank Limited | 6.64% |
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State Bank of India | 2.63% |
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IndusInd Bank Limited | 2.41% |
| Jio Financial Services Limited | 1.82% |
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| Piramal Enterprises Limited | 1.26% |
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| Aadhar Housing Finance Limited | 0.97% |
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| Power Finance Corporation Limited | 0.95% |
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| RBL Bank Limited | 0.89% |
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| L&T Finance Limited | 0.78% |
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| Forest Materials | 1.96% |
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| Century Textiles & Industries Limited | 1.24% |
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| JK Paper Limited | 0.72% |
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| Healthcare | 9.20% |
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Divi's Laboratories Limited | 2.33% |
| Sun Pharmaceutical Industries Limited | 2.03% |
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| Granules India Limited | 1.41% |
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| Emcure Pharmaceuticals Limited | 1.23% |
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| GlaxoSmithKline Pharmaceuticals Limited | 1.20% |
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| Piramal Pharma Limited | 1.00% |
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| Information Technology | 10.18% |
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Infosys Limited | 4.09% |
| Tata Consultancy Services Limited | 1.88% |
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| Mphasis Limited | 1.62% |
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| Tech Mahindra Limited | 1.44% |
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| Wipro Limited | 1.14% |
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| Media, Entertainment & Publication | 0.79% |
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| D.B.Corp Limited | 0.79% |
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| Metals & Mining | 7.02% |
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| Steel Authority of India Limited | 1.52% |
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| Sarda Energy & Minerals Limited | 1.29% |
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| Hindalco Industries Limited | 1.24% |
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| Tata Steel Limited | 1.19% |
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| MOIL Limited | 0.91% |
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| Kirloskar Ferrous Industries Limited | 0.88% |
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| Oil Gas & Consumable Fuels | 14.62% |
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Reliance Industries Limited | 3.53% |
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Oil & Natural Gas Corporation Limited | 2.37% |
| GAIL (India) Limited | 1.77% |
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| Bharat Petroleum Corporation Limited | 1.56% |
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| Hindustan Petroleum Corporation Limited | 1.46% |
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| Gujarat State Petronet Limited | 1.33% |
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| Indraprastha Gas Limited | 1.31% |
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| Coal India Limited | 1.30% |
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| Power | 3.14% |
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| CESC Limited | 1.61% |
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| NTPC Limited | 1.54% |
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| Realty | 1.30% |
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| Anant Raj Limited | 1.30% |
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| Services | 1.20% |
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| Firstsource Solutions Limited | 1.20% |
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| Telecommunication | 3.23% |
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Indus Towers Limited | 3.23% |
| Textiles | 1.09% |
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| S. P. Apparels Limited | 1.09% |
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| Equity and Equity Related Total | 98.62% |
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| Cash & Other Receivables | 1.38% |
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| Grand Total | 100.00% |
( Top Ten Holdings - Issuer wise) as on August 31, 2024) |
| Mahindra Manulife Business Cycle Fund | Simple Annualised Returns (%) |
Value of Investment of Rs. 10,000* |
NAV / Index Value (as on August 30, 2024) |
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| Managed by Mr. Krishna Sanghavi, Mr. Renjith Sivaram & Mr. Pranav Patel$ | 6 Months |
Since Inception |
6 Months |
Since Inception |
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| Regular Plan - Growth Option | 51.77 |
58.76 |
12,596 |
15,699 |
15.6993 |
| Direct Plan - Growth Option | 54.01 |
61.67 |
12,708 |
15,981 |
15.9813 |
| Nifty 500 TRI^ | 37.68 |
36.83 |
11,889 |
13,572 |
37,449.92 |
| Nifty 50 TRI^^ | 31.44 |
28.57 |
11,576 |
12,771 |
37,461.73 |
^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. Krishna Sanghavi is managing this scheme since September 11, 2023. Mr. Renjith Sivaram is managing this fund since September 11, 2023. Mr. Pranav Patel is managing this fund since January 05, 2024.$Dedicated Fund Manager for Overseas Investments. For performance details of other schemes managed by the Fund Manager(s)
Simple annualized returns have been provided as per the extant guidelines since the scheme has completed 6 months but not 1 year. please click here | Best Viewed in Landscape mode
Note: As August 31, 2024 was a non - business day, the schemes returns disclosed are as on August 30,2024, except for Mahindra Manulife Liquid Fund and Mahindra Manulife Overnight Fund which is as of August 31, 2024.
As per the latest Market Capitalisation data provided by AMFI (In line with the applicable SEBI guidelines)
Product Suitability
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| This Product is Suitable for investors who are seeking* | |
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Scheme Riskometers |
Benchmark Riskometers |
 Scheme Benchmark: NIFTY 500 TRI
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* Investors should consult their financial advisers if in doubt about whether the product is suitable for them. |
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