Flexibility to invest in opportunities across market capitalization
	Bottom up stock selection process
	Active allocation across Market capitalization based on macro-economic indicators, policy environment, valuations, market conditions
	Top down approach to select sectors
	Management through diversification of holdings and disciplined approach to monitor individual stock position based on market capitalization

The Scheme follows top down sector allocation and bottom up stock selection ideas that may benefit based on health of economy. Allocation across marketcaps is a function of economic outlook, domestic liquidity and stage of market cycle. Focus will be on high quality, growth focused companies available at reasonable valuations.

• Key Overweight sectors/Industries include Banks, Consumer Durables and Textiles sector vs the Scheme’s Benchmark.
  
  
• Key Underweight sectors /Industries include FMCG, Automobile and Auto Components and Oil & Gas vs the Scheme’s Benchmark
  

Sector	MMFCF	Nifty 500 Index TRI
Financial Services	30.06%	28.69%
Information Technology	11.66%	10.38%
Oil Gas & Consumable Fuels	7.65%	9.31%
Consumer Durables	7.22%	3.32%
Healthcare	6.31%	5.72%

Data as on January 31, 2024

Security	% to Net Assets
ICICI Bank Limited	7.63%
HDFC Bank Limited	7.22%
Infosys Limited	5.94%
Reliance Industries Limited	5.17%
Tata Consultancy Services Limited	3.05%
Tata Power Company Limited	2.63%
Bajaj Finance Limited	2.19%
Voltas Limited	2.18%
IndusInd Bank Limited	2.16%
State Bank of India	2.14%
Total	40.30%

Fresh Additions	Complete Exits
Security	Security
Cyient Limited	Aarti Industries Limited
Jyoti CNC Automation Ltd	Bajel Projects Limited
Mahindra Logistics Limited	Indoco Remedies Limited
NBCC (India) Limited	Jio Financial Services Limited
NCC Limited	-
Steel Authority of India Limited	-
Subros 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 January 31, 2024

Turnover Ratio (Last 1 year)

0.79

Investment Objective:
The investment objective of the Scheme is to generate long term capital appreciation by investing in a diversified portfolio of equity and equity-related securities across market capitalization. However, there can be no assurance that the investment objective of the Scheme will be achieved.

Fund Manager:

Ms. Fatema Pacha
Total Experience : 18 years
Experience in managing this fund: 2 years and 5 months (Managing since August 23, 2021)

Mr. Manish Lodha
Total Experience : 23 years
Experience in managing this fund: 2 years and 5 months (Managing since August 23, 2021)

Date of allotment: August 23, 2021

Benchmark: Nifty 500 Index TRI

Option: Growth; IDCW

IDCW Sub-options: IDCW Reinvestment & 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

Minimum Quarterly SIP Amount: Rs 1,500 and in multiples of Re. 1/- thereafter

Minimum Quarterly SIP installments: 4

Monthly AAUM as on January 31, 2024 (Rs. in Cr.): 1,180.96

Monthly AUM as on January 31, 2024 (Rs. In Cr.): 1,207.65

Entry Load: Not applicable

Exit Load: 0.1%*

• 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.

^Benchmark ^^Additional Benchmark. Inception/Allotment date: 23-Aug-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: 23-August-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. Manish Lodha manage 10 schemes and Ms. Fatema Pacha manage 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 January 31, 2024
Note: ^##Pursuant to change in Fund Management Responsibilities, the scheme shall be managed by Mr. Manish Lodha, Mr. Renjith Sivaram, Mr. Rahul Pal and Mr. Pranav Patel (Dedicated Fund Manager for Overseas Investment) effective January 5, 2024.