MAHINDRA MANULIFE BUSINESS CYCLE FUND
(An open ended equity scheme following
business cycles based investing theme)
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| Data as on 31st, March 2024 | ||||
| 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: 6 months (Managing since September 11, 2023) Fund Manager: Mr. Renjith Sivaram Total Experience: 13 years Experience in managing this fund: 6 months (Managing since September 11, 2023) Fund Manager: Mr. Pranav Patel$ Total Experience: 9 years Experience in managing this fund: 3 months (Managing since January 05, 2024) $Dedicated Fund Manager for Overseas Investments |
| 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 March 31, 2024 (Rs. in Cr.): | 714.41 |
| Quarterly AAUM as on March 31, 2024 (Rs. in Cr.): |
675.34 |
| Monthly AUM as on March 31, 2024 (Rs. in Cr.): | 733.78 |
| Total Expense Ratio 1 as on March 31, 2024: |
Regular Plan: 2.28% Direct Plan: 0.48% 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. |
NAV as on March 28, 2024
| NAV/Unit | Regular Plan (In Rs.) |
Direct Plan (In Rs.) |
| IDCW | 12.6053 |
12.7359 |
| Growth | 12.6053 |
12.7359 |
| IDCW: Income Distribution cum Capital Withdrawal | ||
Issuer |
% of Net Assets
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| Automobile and Auto Components | 5.64% |
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| Maruti Suzuki India Limited | 1.80% |
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| Hero MotoCorp Limited | 1.61% |
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| Asahi India Glass Limited | 1.35% |
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| Bharat Forge Limited | 0.88% |
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| Capital Goods | 7.45% |
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| Kirloskar Brothers Limited | 1.71% |
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| Bharat Bijlee Limited | 1.66% |
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| Lakshmi Machine Works Limited | 1.59% |
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| Carborundum Universal Limited | 1.37% |
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| Inox India Limited | 1.12% |
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| Construction | 0.97% |
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| ISGEC Heavy Engineering Limited | 0.97% |
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| Construction Materials | 2.34% |
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Grasim Industries Limited | 2.34% |
| Consumer Durables | 2.66% |
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| VIP Industries Limited | 1.43% |
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| Voltas Limited | 1.23% |
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| Diversified | 1.61% |
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| Godrej Industries Limited | 1.61% |
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| Fast Moving Consumer Goods | 3.65% |
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| ITC Limited | 1.97% |
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| Triveni Engineering & Industries Limited | 1.10% |
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| Emami Limited | 0.59% |
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| Financial Services | 24.64% |
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State Bank of India | 4.46% |
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ICICI Bank Limited | 3.87% |
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IndusInd Bank Limited | 2.63% |
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Canara Bank | 2.18% |
| Union Bank of India | 1.87% |
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| Jio Financial Services Limited | 1.77% |
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| Bank of India | 1.76% |
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| Piramal Enterprises Limited | 1.60% |
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| RBL Bank Limited | 1.47% |
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| Kotak Mahindra Bank Limited | 1.31% |
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| Power Finance Corporation Limited | 0.87% |
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| L&T Finance Holdings Limited | 0.86% |
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| Forest Materials | 1.32% |
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| Century Textiles & Industries Limited | 1.32% |
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| Healthcare | 8.41% |
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Sun Pharmaceutical Industries Limited | 2.05% |
| GlaxoSmithKline Pharmaceuticals Limited | 1.59% |
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| Cipla Limited | 1.59% |
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| Divi's Laboratories Limited | 1.33% |
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| Piramal Pharma Limited | 1.06% |
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| Natco Pharma Limited | 0.78% |
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| Information Technology | 7.44% |
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Tata Consultancy Services Limited | 2.85% |
| Infosys Limited | 2.04% |
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| Wipro Limited | 1.46% |
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| Tech Mahindra Limited | 1.09% |
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| Metals & Mining | 7.46% |
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Tata Steel Limited | 2.10% |
| Steel Authority of India Limited | 1.76% |
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| National Aluminium Company Limited | 1.47% |
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| MOIL Limited | 1.23% |
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| Kirloskar Ferrous Industries Limited | 0.90% |
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| Oil Gas & Consumable Fuels | 13.76% |
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Reliance Industries Limited | 5.98% |
| Indraprastha Gas Limited | 2.00% |
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| GAIL (India) Limited | 1.86% |
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| Coal India Limited | 1.68% |
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| Oil India Limited | 1.15% |
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| Gujarat State Petronet Limited | 1.10% |
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| Power | 3.84% |
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| NTPC Limited | 1.94% |
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| CESC Limited | 1.91% |
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| Realty | 0.84% |
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| Anant Raj Limited | 0.84% |
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| Services | 0.86% |
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| Firstsource Solutions Limited | 0.86% |
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| Telecommunication | 2.50% |
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Indus Towers Limited | 2.50% |
| Textiles | 1.01% |
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| S. P. Apparels Limited | 1.01% |
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| Equity and Equity Related Total | 96.41% |
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| Cash & Other Receivables | 3.59% |
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| Grand Total | 100.00% |
( Top Ten Holdings - Issuer wise) as on March 31, 2024) |
| Mahindra Manulife Business Cycle Fund | Simple Annualised Returns (%) |
Value of Investment of Rs. 10,000* |
NAV / Index Value (as on March 28, 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 | 58.80 |
52.91 |
12,578 |
12,605 |
12.6053 |
| Direct Plan - Growth Option | 61.82 |
55.83 |
12,696 |
12,736 |
12.7359 |
| Nifty 500 TRI^ | 38.44 |
29.46 |
11,750 |
11,511 |
31,763.25 |
| Nifty 50 TRI^^ | 30.45 |
23.20 |
11,409 |
11,205 |
32,867.23 |
^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. 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
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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