MAHINDRA MANULIFE BUSINESS CYCLE FUND
(An open ended equity scheme following
business cycles based investing theme)
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| Data as on 31st, May 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: 8 months (Managing since September 11, 2023) Fund Manager: Mr. Renjith Sivaram Total Experience: 13 years Experience in managing this fund: 8 months (Managing since September 11, 2023) Fund Manager: Mr. Pranav Patel$ Total Experience: 9 years Experience in managing this fund: 5 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. 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 May 31, 2024 (Rs. in Cr.): | 849.32 |
| Monthly AUM as on May 31, 2024 (Rs. in Cr.): | 877.71 |
| Total Expense Ratio 1 as on May 31, 2024: |
Regular Plan: 2.19% 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 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 May 31, 2024
| NAV/Unit | Regular Plan (In Rs.) |
Direct Plan (In Rs.) |
| IDCW | 13.6245 |
13.8091 |
| Growth | 13.6245 |
13.8091 |
| IDCW: Income Distribution cum Capital Withdrawal | ||
Issuer |
% of Net Assets
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| Automobile and Auto Components | 5.43% |
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| Maruti Suzuki India Limited | 1.48% |
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| Hero MotoCorp Limited | 1.46% |
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| Bharat Forge Limited | 1.25% |
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| Asahi India Glass Limited | 1.24% |
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| Capital Goods | 6.77% |
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| Bharat Bijlee Limited | 1.49% |
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| Kirloskar Brothers Limited | 1.47% |
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| Carborundum Universal Limited | 1.44% |
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| Lakshmi Machine Works Limited | 1.39% |
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| Inox India Limited | 0.97% |
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| Chemicals | 1.19% |
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| Vinati Organics Limited | 1.19% |
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| Construction | 3.57% |
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| Larsen & Toubro Limited | 1.46% |
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| PNC Infratech Limited | 1.13% |
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| ISGEC Heavy Engineering Limited | 0.97% |
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| Construction Materials | 2.38% |
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Grasim Industries Limited | 2.38% |
| Consumer Durables | 1.11% |
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| VIP Industries Limited | 1.11% |
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| Fast Moving Consumer Goods | 6.93% |
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ITC Limited | 2.92% |
| Hindustan Unilever Limited | 1.75% |
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| Triveni Engineering & Industries Limited | 1.23% |
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| Emami Limited | 1.03% |
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| Financial Services | 19.14% |
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State Bank of India | 4.35% |
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ICICI Bank Limited | 3.32% |
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IndusInd Bank Limited | 2.07% |
| Canara Bank | 1.85% |
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| Union Bank of India | 1.63% |
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| Bank of India | 1.38% |
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| Piramal Enterprises Limited | 1.25% |
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| RBL Bank Limited | 1.25% |
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| Power Finance Corporation Limited | 1.11% |
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| L&T Finance Limited | 0.92% |
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| Forest Materials | 1.37% |
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| Century Textiles & Industries Limited | 1.37% |
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| Healthcare | 8.60% |
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Divi's Laboratories Limited | 2.57% |
| Sun Pharmaceutical Industries Limited | 1.55% |
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| GlaxoSmithKline Pharmaceuticals Limited | 1.49% |
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| Cipla Limited | 1.29% |
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| Piramal Pharma Limited | 1.02% |
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| Natco Pharma Limited | 0.68% |
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| Information Technology | 8.45% |
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Tata Consultancy Services Limited | 2.37% |
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Infosys Limited | 2.08% |
| Tech Mahindra Limited | 1.70% |
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| LTIMindtree Limited | 1.19% |
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| Wipro Limited | 1.11% |
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| Metals & Mining | 8.71% |
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| Hindalco Industries Limited | 1.82% |
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| Steel Authority of India Limited | 1.73% |
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| Tata Steel Limited | 1.70% |
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| MOIL Limited | 1.49% |
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| Kirloskar Ferrous Industries Limited | 1.14% |
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| Sarda Energy & Minerals Limited | 0.82% |
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| Oil Gas & Consumable Fuels | 11.63% |
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Reliance Industries Limited | 4.37% |
| GAIL (India) Limited | 1.76% |
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| Indraprastha Gas Limited | 1.71% |
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| Coal India Limited | 1.58% |
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| Oil India Limited | 1.30% |
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| Gujarat State Petronet Limited | 0.90% |
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| Power | 3.66% |
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| CESC Limited | 1.93% |
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| NTPC Limited | 1.73% |
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| Realty | 1.27% |
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| Anant Raj Limited | 1.27% |
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| Services | 1.01% |
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| Firstsource Solutions Limited | 1.01% |
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| Telecommunication | 4.38% |
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Indus Towers Limited | 3.33% |
| Bharti Hexacom Limited | 1.05% |
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| Textiles | 0.83% |
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| S. P. Apparels Limited | 0.83% |
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| Equity and Equity Related Total | 96.42% |
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| Cash & Other Receivables | 3.58% |
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| Grand Total | 100.00% |
( Top Ten Holdings - Issuer wise) as on May 31, 2024) |
| Mahindra Manulife Business Cycle Fund | Simple Annualised Returns (%) |
Value of Investment of Rs. 10,000* |
NAV / Index Value (as on May 31, 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 | 60.90 |
50.30 |
12,693 |
13,413 |
13.6245 |
| Direct Plan - Growth Option | 63.32 |
52.86 |
12,788 |
13,577 |
13.8091 |
| Nifty 500 TRI^ | 35.46 |
28.04 |
11,644 |
11,950 |
33,168.20 |
| Nifty 50 TRI^^ | 24.95 |
18.70 |
11,181 |
11,315 |
33,285.90 |
^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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