MAHINDRA MANULIFE BUSINESS CYCLE FUND
(An open ended equity scheme following
business cycles based investing theme)
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| Data as on 31st, December 2023 | ||||
| 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: 3 month (Managing since September 11, 2023) Fund Manager: Mr. Renjith Sivaram Total Experience: 13 years Experience in managing this fund: 3 month (Managing since September 11, 2023) Fund Manager: Mr. Kush Sonigara$## Total Experience: 12 years Experience in managing this fund: 3 month (Managing since September 11, 2023) $Dedicated Fund Manager for Overseas Investments Note: ##Pursuant to change in Fund Management Responsibilities, the scheme shall be managed by Mr. Krishna Sanghavi, Mr. Renjith Sivaram and Mr. Pranav Patel (Dedicated Fund Manager for Overseas Investment) effective January 5, 2024. |
| Date of allotment | September 11, 2023 |
| Benchmark | NIFTY 500 TRI* *Also referred as NSE 500 TRI, as per the list of benchmark indices (1st tier benchmarks) published by AMFI. |
| Options | 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 |
| 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 December 31, 2023 (Rs. in Cr.): | 559.23 |
| Quarterly AAUM as on December 31, 2023 (Rs. in Cr.): | 510.30 |
| Monthly AUM as on December 31, 2023 (Rs. in Cr.): | 590.63 |
| Total Expense Ratio 1 as on December 31, 2023: |
Regular Plan: 2.30% Direct Plan: 0.40% 1Includes additional expenses charged in terms of Regulation 52 (6A) (b) and 52 (6A)(c) of SEBI (Mutual Funds) Regulations, 1996 and Goods and Service 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. Note: The performance data of the Scheme(s) co-managed by Mr. Krishna Sanghavi, Mr. Renjith Sivaram & Mr. Kush Sonigara (Dedicated Fund Manager for Overseas Investments) Mahindra Manulife Business Cycle Fund, has not been provided as the scheme has not completed 6 months |
NAV as on December 29, 2023
| NAV/Unit | Regular Plan (In Rs.) |
Direct Plan (In Rs.) |
| IDCW | 11.4719 |
11.5377 |
| Growth | 11.4719 |
11.5377 |
| IDCW: Income Distribution cum Capital Withdrawal | ||
Issuer |
% of Net Assets
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| Automobile and Auto Components | 5.87% |
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| Maruti Suzuki India Limited | 1.83% |
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| Hero MotoCorp Limited | 1.75% |
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| Asahi India Glass Limited | 1.41% |
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| Balkrishna Industries Limited | 0.88% |
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| Capital Goods | 5.84% |
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| Lakshmi Machine Works Limited | 1.79% |
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| Bharat Bijlee Limited | 1.75% |
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| Bharat Forge Limited | 1.19% |
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| Inox India Limited | 1.12% |
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| Chemicals | 3.31% |
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| Gujarat Narmada Valley Fertilizers and Chemicals Limited | 1.86% |
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| Gujarat State Fertilizers & Chemicals Limited | 1.45% |
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| Construction | 4.63% |
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| Engineers India Limited | 1.45% |
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| ISGEC Heavy Engineering Limited | 1.27% |
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| Larsen & Toubro Limited | 1.19% |
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| Kalpataru Projects International Limited | 0.72% |
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| Construction Materials | 2.71% |
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Grasim Industries Limited | 2.71% |
| Consumer Durables | 2.69% |
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| Voltas Limited | 1.35% |
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| VIP Industries Limited | 1.34% |
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| Diversified | 2.28% |
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Godrej Industries Limited | 2.28% |
| Fast Moving Consumer Goods | 1.52% |
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| Triveni Engineering & Industries Limited | 1.52% |
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| Financial Services | 18.94% |
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State Bank of India | 3.64% |
| Canara Bank | 2.04% |
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| Bank of India | 1.80% |
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| IndusInd Bank Limited | 1.74% |
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| Kotak Mahindra Bank Limited | 1.74% |
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| City Union Bank Limited | 1.68% |
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| Piramal Enterprises Limited | 1.58% |
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| RBL Bank Limited | 1.55% |
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| L&T Finance Holdings Limited | 1.12% |
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| Power Finance Corporation Limited | 1.06% |
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| Union Bank of India | 1.01% |
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| Forest Materials | 1.23% |
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| Century Textiles & Industries Limited | 1.23% |
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| Healthcare | 1.93% |
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| GlaxoSmithKline Pharmaceuticals Limited | 1.93% |
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| Information Technology | 7.49% |
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Tata Consultancy Services Limited | 3.01% |
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Infosys Limited | 2.35% |
| Tech Mahindra Limited | 1.38% |
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| HCL Technologies Limited | 0.74% |
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| Media, Entertainment & Publication | 1.11% |
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| Zee Entertainment Enterprises Limited | 1.11% |
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| Metals & Mining | 8.37% |
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National Aluminium Company Limited | 2.36% |
| Steel Authority of India Limited | 1.78% |
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| MOIL Limited | 1.70% |
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| Tata Steel Limited | 1.60% |
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| Kirloskar Ferrous Industries Limited | 0.94% |
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| Oil Gas & Consumable Fuels | 14.91% |
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Reliance Industries Limited | 5.14% |
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Indraprastha Gas Limited | 2.41% |
| GAIL (India) Limited | 2.07% |
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| Oil India Limited | 1.89% |
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| Coal India Limited | 1.80% |
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| Petronet LNG Limited | 1.59% |
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| Power | 9.26% |
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NTPC Limited | 3.02% |
| Power Grid Corporation of India Limited | 2.21% |
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| CESC Limited | 2.13% |
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| NHPC Limited | 1.90% |
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| Services | 1.10% |
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| Firstsource Solutions Limited | 1.10% |
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| Telecommunication | 3.60% |
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Indus Towers Limited | 2.27% |
| Bharti Airtel Limited | 1.32% |
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| Textiles | 0.91% |
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| S. P. Apparels Limited | 0.91% |
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| Equity and Equity Related Total | 97.69% |
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| Cash & Other Receivables | 2.31% |
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| Grand Total | 100.00% |
( Top Ten Holdings - Issuer wise) as on December 31, 2023) |
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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