GOVERNMENT POLICIES: Policies like Make in India, Atmanirbhar Bharat, Production Linked Incentives etc. could drive manufacturing in India.
	GLOBAL TAILWINDS:Diversification of production away from China to avoid supply chain shocks and overdependence could boost manufacturing in India
	IMPROVED INFRASTRUCTURE: Push for improved physical and industrial infrastructure, increased power capacity could be an important enabler for manufacturing.

	EXPORT PROMOTION: Focusing on companies that are manufacturing finished goods for export.
	IMPORT SUBSTITUTION: Substitution of imported finished goods and raw materials with domestically manufactured products and materials
	DOMESTIC CONSUMPTION: Focus on Production of goods for used by domestic businesses and retail consumers.

Based on adjacent data India’s GDP is expected to surpass that of Japan and Germany by 2030. A key driver of this growth could be a significant expansion in manufacturing output.

The adjacent graph is based on expectations and the actual results could vary materially. This is not indicating returns from any investments. There is no assurance as regards to performance of any company, sector or investment.

• Key Overweight sectors/Industries include Capital Goods, Chemicals and Automobile and Auto Components vs the Scheme’s Benchmark
  
  
• Key Underweight sectors /Industries include Oil & Gas, FMCG and Healthcare vs the Scheme’s Benchmark.
  

Sector	MMLCF*	Nifty 100 TRI
Capital Goods	23.14%	4.12%
Automobile And Auto Components	20.82%	16.33%
Oil Gas & Consumable Fuels	10.45%	23.74%
Metals & Mining	7.65%	8.87%
Fast Moving Consumer Goods	7.42%	18.87%

#For the equity portion
*Mahindra Manulife Manufacturing Fund

Data as on March 31, 2025

Security	% to Net Assets
Mahindra & Mahindra Limited	4.17%
Reliance Industries Limited	3.81%
Hindalco Industries Limited	2.81%
Deepak Fertilizers and Petrochemicals Corporation Limited	2.80%
Divi's Laboratories Limited	2.71%
PTC Industries Limited	2.70%
Oil & Natural Gas Corporation Limited	2.66%
Bharat Electronics Limited	2.59%
Hindustan Unilever Limited	2.52%
Kirloskar Brothers Limited	2.39%
Total	29.15%

Data as on March 31, 2025

Investment Objective:
The Scheme shall seek to generate long term capital appreciation by investing predominantly in equity and equity related securities of companies engaged in manufacturing theme. However, there is no assurance that the objective of the Scheme will be achieved.

Fund Manager (Equity): Mr. Renjith Sivaram
Total Experience: 14 years
Experience in managing this fund: 9 months
(managing since June 24, 2024)

Fund Manager (Equity): Mr. Manish Lodha
Total Experience: 23 years
Experience in managing this fund: 9 months
(managing since June 24, 2024)

Benchmark: BSE India Manufacturing TRI

Date of allotment: June 24, 2024

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

Minimum Additional Purchase Amount: Rs. 1,000/- and in multiples of Re. 1/- thereafter

Minimum Repurchase Amount:Rs. 1,000/- or 100 units or account balance, whichever is lower

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

Minimum Weekly & Monthly SIP installments:6

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

Minimum Quarterly SIP installments: 4

Monthly AAUM as on March 31, 2025 (Rs. in Cr.): 789.49

Monthly Quarterly as on March 31, 2025 (Rs. in Cr.): 812.71

Monthly AUM as on March 31, 2025 (Rs. in Cr.): 806.50

Entry Load: Not Applicable

Exit Load: • An Exit Load of 0.5% is payable if Units are redeemed / switched-out upto 3 months from the date of allotment;
• Nil - If Units are redeemed / switched-out after completion of 3 months from the date of allotment.
Redemption /Switch-Out of Units would be done on First in First out Basis (FIFO).

IDCW: Income Distribution cum Capital Withdrawal

^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 24-Jun-24.
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 thescheme 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 differentexpense structure. *Based on standard investment of Rs. 10,000 made at the beginning of the relevant period. Simple annualized returns have been provided as per the extant guidelines since the scheme has completed 6 months but not 1 year.
Note: As March 29, 30 & 31, 2025 was a non-business days, the schemes returns disclosed are as on March 28, 2025, except for Mahindra Manulife Liquid Fund and Mahindra Manulife Overnight Fund which is as of March 31, 2025