Optimal asset allocation at regular intervals.
	Aims to capture the optimum mix between Equity and Debt across market cycles.
	With flexibility to invest upto 100% in equity & debt, the Scheme may be suitable for volatile market conditions.
	Endeavours to provide tax efficiency*

*Though the scheme is a dynamic asset allocation scheme, the endeavour will be to invest a minimum of 65% of its net assets in equity and equity related instruments which may help in attracting equity taxation as per prevailing tax laws.

• Portfolio composition would have preference for growth style of investing with large cap bias.
  
  
• Bottom-up approach would be adopted to identify companies that have ability to scale up, gain market share and/or are present in sunrise/high growth sectors.
  

• Key Overweight sectors/Industries include Chemicals, Capital Goods and Consumer Services vs the Scheme’s Benchmark
  
• Key Underweight sectors /Industries include Banks, Metals & Mining and Construction vs the Scheme’s Benchmark
  
• Portfolio is around 62% invested in Equities (Unhedged)
  

Sector	MMBAF	Nifty 50 Hybrid Composite Debt 50: 50 TRI
Financial Services	15.81%	32.60%
Fast Moving Consumer Goods	9.94%	8.47%
Oil Gas & Consumable Fuels	7.80%	11.97%
Information Technology	6.22%	14.17%
Automobile And Auto Components	5.50%	8.31%

^For the equity portion

Data as on August 31, 2024

Security	% to Net Assets
HDFC Bank Limited	4.37%
Reliance Industries Limited*	3.99%
ITC Limited	2.80%
Indus Towers Limited	2.46%
Hindustan Unilever Limited*	2.43%
United Spirits Limited*	2.24%
ICICI Bank Limited*	2.15%
Tata Consultancy Services Limited	2.09%
LTIMindtree Limited	1.88%
PI Industries Limited	1.83%
Total	26.23%

*Includes Fully/Partially hedged positions

Fresh Additions	Complete Exits
Security	Security
CESC Limited	ACC Limited
Cholamandalam Financial Holdings Limited	Coal India Limited
ICICI Lombard General Insurance Company Limited	Eicher Motors Limited
InterGlobe Aviation Limited	Max Healthcare Institute Limited
PCBL Limited	Power Grid Corporation of India Limited
Suzlon Energy Limited	Power Mech Projects Limited
Trent Limited	Wipro Limited
TVS Motor Company Limited

Note: The companies/stock(s) referred above are only for the purpose of disclosure of significant portfolio changes during the month and should not be construed as recommendation to buy/sell/ hold. The fund manager may or may not choose to hold these companies/stocks, from time to time. Investors are requested to consult their financial, tax and other advisors before taking any investment decision(s). Data as on August 31, 2024

Annualised Portfolio YTM*1^	7.01%2
Macaulay Duration^	3.17 years2
Modified Duration^	3.052
Residual Maturity^	5.07 years2
Portfolio Turnover Ratio (Last 1 year)	2.95
As on (Date)	August 31, 2024

*In case of semi annual YTM, it will be annualised
^For debt component
¹Yield to maturity should not be construed as minimum return offered by the Scheme;
²Calculated on amount invested in debt securities (including accrued interest), deployment of funds in TREPS and Reverse Repo and net receivable / payable. Data as on August 31, 2024

Investment Objective:
The investment objective of the Scheme is to provide capital appreciation and generate income through a dynamic mix of equity, debt and money market instruments. The Scheme seeks to reduce the volatility by diversifying the assets across equity, debt and money market instruments. However, there can be no assurance that the investment objective of the Scheme will be achieved.

Fund Manager:

Mr. Manish Lodha (Equity)
Total Experience : 23 years
Experience in managing this fund: 2 Years and 8 months (Managing since December 30, 2021)

Ms. Fatema Pacha (Equity)
Total Experience : 18 years,
Experience in managing this fund: 2 Years and 8 months (managing since December 30, 2021)

Mr. Rahul Pal (Debt)
Total Experience : 22 years,
Experience in managing this fund: 2 Years and 8 months (Managing since December 30, 2021)

Date of allotment: December 30, 2021

Benchmark: Nifty 50 Hybrid Composite Debt 50: 50 TRI

Option: IDCW and Growth (D)
D-Default

IDCW Sub-options: IDCW Reinvestment (D) & IDCW Payout

Minimum Application 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

Monthly AAUM as on August 31, 2024 (Rs. in Cr.): 863.38

Monthly AUM as on August 31, 2024 (Rs. In Cr.): 886.22

Entry Load: Not applicable

Exit Load: 10% of the units allotted shall be redeemed without any exit load, on or before completion of 3 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 3 months from the date of allotment of Units;
• Nil - If Units are redeemed / switched-out after completion of 3 months from the date of allotment of Units.

^Benchmark ^^Additional Benchmark. 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 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.

^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).

^Benchmark CAGR – Compounded Annual Growth Rate. ^#Dedicated Fund Manager for Overseas Investments.
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 above are of Growth Option under Regular Plan. Different Plans i.e Regular Plan and Direct Plan under the scheme has different expense structure. Mr. Rahul Pal manages 11 schemes, Mr. Manish Lodha manages 10 schemes and Ms. Fatema Pacha manages 8 schemes each of Mahindra Manulife Mutual Fund. The performance data for the schemes which have not completed one year has not been provided.
Performance as on August 30, 2024
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.