Rule based diversification for optimum performance in changing market cycles
	Aim to provide stability of large caps and growth of mid caps
	Active stock selection through internal process framework for better return potential

• A portfolio of market leaders and emerging leaders.

• The portfolio will aim to provide alpha through tactical allocations under changing market cycles

• The scheme focusses on investing in companies that have demonstrated strong leadership and sustained growth and continue to do so.

• The portfolio currently has around 51%, 43% and 6% of net equity holdings in large, mid and small cap respectively.

Data as on October 31, 2022

Sector	MMTNY	Nifty Large and Mid Cap 250 Index
Financial Services	27.05%	26.27%
Capital Goods	12.98%	6.60%
Information Technology	8.48%	8.67%
Automobile And Auto Components	6.37%	6.88%
Consumer Services	6.03%	4.01%

Data as on October 31, 2022

Security	% to Net Assets
Infosys Limited	4.90%
ICICI Bank Limited	4.64%
State Bank of India	4.49%
Bharat Forge Limited	3.13%
United Spirits Limited	3.02%
IndusInd Bank Limited	2.82%
Larsen & Toubro Limited	2.76%
HDFC Bank Limited	2.68%
Bajaj Finance Limited	2.62%
Mahindra & Mahindra Limited	2.41%
Top 10 Holdings	33.46%

Fresh Additions	Complete Exits
Security	Security
Gujarat Narmada Valley Fertilizers and Chemicals Limited	Oracle Financial Services Software Limited
Jubilant Ingrevia Limited	PVR Limited
Sun Pharmaceutical Industries Limited	Vinati Organics 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 October 31, 2022.

Turnover Ratio (Last 1 year)

1.35

Record Date	Plan(s) / Option(s)	IDCW	Face Value	Cum-IDCW NAV
		(Rs. per unit)	(Rs. per unit)	(Rs. per unit)
17-Sep-21	Regular IDCW	0.5000	10	16.1996
17-Sep-21	Direct IDCW	0.5000	10	16.7110
17-Mar-22	Regular IDCW	1.0000	10	15.6623
17-Mar-22	Direct IDCW	1.0000	10	16.3373

Pursuant to payment of IDCW, the NAV of the IDCW Option(s) of the Scheme/Plan(s) falls to the extent of payout and statutory levy, if any. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. For complete list of IDCWs, visit www.mahindramanulife.com. IDCW: Income Distribution cum Capital Withdrawal

Investment Objective:
The investment objective of the Scheme is to seek long term capital growth through investments in equity and equity related securities of both large cap and mid cap stocks. However, there can be no assurance that the investment objective of the Scheme will be achieved.

Fund Manager:

Mr. Manish Lodha
Total Experience : 22 years
Experience in managing this fund: 1 year and 10 months (Managing since December 21, 2020)

Mr. Abhinav Khandelwal
Total Experience : 14 years,
Experience in managing this fund: 9 months (Managing since February 1, 2022)

Date of allotment: December 30, 2019

Benchmark: NIFTY Large Midcap 250 TRI 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

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 October 31, 2022 (Rs. in Cr.): 1,013.12

Monthly AUM as on October 31, 2022 (Rs. In Cr.): 1,058.27

Entry Load: Not applicable

Exit Load: • An Exit Load of 1% is payable if Units are redeemed / switched-out upto 1 year from the date of allotment;
• Nil if Units are redeemed / switched-out after 1 year from the date of allotment.

^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 30-Dec-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. Mr. Manish Lodha is managing this scheme since December 21, 2020. Mr. Abhinav Khandelwal is managing this scheme since February 1, 2022.

^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 30-Dec-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.
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 is managing 9 schemes and Mr. Abhinav Khandelwal is managing 5 schemes of Mahindra Manulife Mutual Fund. The performance data for the schemes which have not completed one year has not been provided.
Performance as on October 31, 2022.