Balanced portfolio with growth focus
	Security selection through robust process frameworks
	Suitable for planning long term goals

• Tactical allocations across asset class adaptive to market cycles
  
  
• Higher equity allocation to companies with high growth potential from across market caps
  
  
• High emphasis on quality of debt securities through a robust credit risk appraisal process
  

• Key Overweight sector/Industries includes Capital Goods, Construction and Services sector vs the Scheme’s Benchmark
  
  
• Key Underweights sectors /Industries includes Banks, Oil & Gas and FMCG vs the Scheme’s Benchmark
  
  
• Portfolio has higher allocation to equities vs benchmark with proportional mix to large/mid and small
  

Data as on June 30, 2023

Sector	MMAHF	CRISIL Hybrid 35+65 Aggressive Index
Financial Services	23.11%	33.20%
Capital Goods	8.29%	2.62%
Information Technology	7.81%	10.78%
Fast Moving Consumer Goods	4.75%	9.29%
Oil Gas & Consumable Fuels	4.18%	10.31%

Data as on June 30, 2023

Security	% to Net Assets
ICICI Bank Limited	6.28%
Housing Development Finance Corporation Limited	4.84%
Reliance Industries Limited	4.18%
Infosys Limited	3.86%
State Bank of India	3.13%
Axis Bank Limited	2.42%
Bharti Airtel Limited	2.27%
Tata Consultancy Services Limited	2.13%
Larsen & Toubro Limited	2.12%
UltraTech Cement Limited	2.06%
Total	33.30%

Security	% to Net Assets
7.26% GOI (MD 06/02/2033) (SOV)	5.06%
7.06% GOI (MD 10/04/2028) (SOV)	2.36%
7.38% GOI (MD 20/06/2027) (SOV)	2.32%
7.26% GOI (MD 22/08/2032) (SOV)	2.10%
Small Industries Dev Bank of India (CD)	2.02%
Total	13.86%

CP - Commercial Paper, CD - Certificate of Deposit, CB - Corporate Bond, SOV- Sovereign

Annualised Portfolio YTM*1^	7.36%3
Macaulay Duration^	3.16 years3
Modified Duration^	3.043
Residual Maturity^	4.09 years3
Portfolio Turnover Ratio (Last 1 year)	0.66
Standard Deviation	11.35%
Beta2	1.07
Sharpe Ratio#	1.24
Jenson’s Alpha	0.2214
As on (Date)	June 30, 2023

*In case of semi annual YTM, it will be annualised ^For debt component
#Risk-free rate assumed to be 6.90% (MIBOR as on 30-06-23) - Source: www.mmda.org
¹Yield to maturity should not be construed as minimum return offered by the Scheme; ²Beta is calculated on the basis of average monthly rolling returns as of last day of the month since inception till June 30, 2023 and annualized ³Calculated on amount invested in debt securities (including accrued interest), deployment of funds in TREPS and Reverse Repo and net receivable / payable.
Calculated for the period since inception till June 30, 2023. | Data Source: ICRA Analytics, Bloomberg | Data as on June 30, 2023 | N.A.: Net Assets

Fresh Additions	Complete Exits
Security	Security
Bharat Forge Limited	-
Exide Industries Limited	-
LG Balakrishnan & Bros Limited	-
One 97 Communications Limited	-
Suzlon Energy 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 June 30, 2023

Investment Objective:
The Scheme seeks to generate long term capital appreciation and also income through investments in equity and equity related instruments and investments in debt and money market instruments. However, there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.

Fund Manager:

Ms. Fatema Pacha (Equity)
Total Experience : 18 years
Experience in managing this fund: 2 years and 8 months (Managing since October 16, 2020)

Mr. Manish Lodha (Equity)
Total Experience : 23 years,
Experience in managing this fund: 2 years and 6 months (Managing since December 21, 2020)

Mr. Rahul Pal (Debt)
Total Experience : 22 years,
Experience in managing this fund: 3 years and 11 months (Managing since July 19, 2019)

Date of allotment: July 19, 2019

Benchmark: CRISIL Hybrid 35+65 Aggressive Index

Option: 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 Redemption/Switch-Out Amount: Rs. 1,000/- or 100 units or account balance, whichever is lower

Minimum Weekly & Monthly SIP Amount: Rs 500 and in multiples of Re. 1/- thereafter

Monthly AAUM as on June 30, 2023 (Rs. in Cr.): 700.71

Quarterly AAUM as on June 30, 2023 (Rs. in Cr.): 668.59

Monthly AUM as on June 30, 20232 (Rs. In Cr.): 719.87

Entry Load: Not applicable

Exit Load: 10% of the units allotted shall be redeemed without any exit load, on or before completion of 12 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 12 months from the date of allotment of Units;
• Nil - If Units are redeemed / switched-out after completion of 12 months from the date of allotment of Units.
Note: The Exit Load structure of the scheme has been modified with effect from July 3, 2023

^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 19-Jul-19.
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. Ms. Fatema Pacha is managing this scheme since October 16, 2020. Mr. Manish Lodha is managing this fund since December 21, 2020.

^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 19-Jul-19.
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 10 schemes, Ms. Fatema Pacha manages 9 schemes and Mr. Manish Lodha manages 10 schemes each of Mahindra Manulife Mutual Fund. The performance data for the schemes which have not completed one year has not been provided.
Note: ^##Pursuant to change in Fund Management Responsibilities, the scheme shall be co-managed by Mr. Manish Lodha, Mr. Renjith Sivaram, Mr. Rahul Pal and Mr. Kush Sonigara (Dedicated Fund Manager for Overseas Investments)effective July 3, 2023.