Mahindra Manulife
Consumption Fund


(An open ended equity scheme following Consumption theme)



One Pager as on September 30, 2023

 
Invests in segments with strongest contribution potential to India's growing GDP
 
Focuses on segments largely insulated from global volatility
 
Participating in India’s Consumption Growth Theme
 
  • A thematic portfolio consisting mostly of companies that are likely to benefit from consumption led demand in India.

  • Consumption theme responds to rising per capita income and changing lifestyle in India; across urban and rural markets. Companies expected to benefit from this trend would form majority part of the portfolio.

  • Key Overweight sectors/Industries include Media & Entertainment, Consumer Services and Capital Goods vs the Schemes’ Benchmark.

  • Key Underweight sectors /Industries include FMCG, Telecom and Power vs the Schemes’ Benchmark.

  • Portfolio has higher allocation towards small caps on the basis of stock selection vs schemes benchmark.
Sector MMCF Nifty India Consumption Index TRI
Fast Moving Consumer Goods 29.35% 38.03%
Automobile And Auto Components 20.19% 19.67%
Consumer Durables 14.15% 14.31%
Consumer Services 11.13% 7.85%
Telecommunication 6.72% 10.23%

Data as on September 30, 2023

Security % to Net Assets
Maruti Suzuki India Limited 6.88%
Bharti Airtel Limited 6.72%
ITC Limited 5.41%
Hindustan Unilever Limited 4.63%
Hero MotoCorp Limited 4.39%
Titan Company Limited 3.42%
Dabur India Limited 3.22%
Asian Paints Limited 2.81%
Avenue Supermarts Limited 2.64%
Tata Consumer Products Limited 2.44%
Total 42.56%
Turnover Ratio (Last 1 year) 1.06
Standard Deviation 12.88%
Beta1 0.74
Sharpe Ratio# 1.13
Jenson's Alpha2 0.4056


#Risk-free rate assumed to be 6.95% (MIBOR as on 29-09-23) - Source:www.mmda.org
1. Beta is calculated on the basis of average monthly rolling returns as of last day of the month since inception till September 30, 2023 and annualized. 2. Calculated for the period since inception till September 30, 2023 | Data Source: ICRA Analytics, Bloomberg | Data as on September 30, 2023

Fresh Additions Complete Exits
Security Security
CESC Limited CreditAccess Grameen Limited
Electronics Mart India Limited Mrs. Bectors Food Specialities Limited
GlaxoSmithKline Pharmaceuticals Limited -
Jio Financial Services Limited -
Landmark Cars Limited -
Voltas 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 September 30, 2023

Investment Objective:
The investment objective of the Scheme is to generate long term capital appreciation by investing in a portfolio of companies that are likely to benefit from consumption led demand in India. However, there can be no assurance that the investment objective of the Scheme will be achieved.

Fund Manager:

Mr. Abhinav Khandelwal
Total Experience : 14 years
Experience in managing this fund: 1 year and 6 months (Managing since April 1, 2022)

Ms. Fatema Pacha
Total Experience : 18 years,
Experience in managing this fund: 2 years and 9 months (Managing since December 21, 2020)

Date of allotment: November 13, 2018

Benchmark: Nifty India Consumption TRI

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 Additional Purchase 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

Minimum Amount for Switch in: Rs. 1,000/- and in multiples of Re. 0.01/- thereafter.

Minimum Amount for Redemption / Switch-outs: Rs. 1,000/- or 100 units or account balance, whichever is lower in respect of each Option.

Monthly AAUM as on September 30, 2023 (Rs. in Cr.): 92.19

Quarterly AAUM as on September 30, 2023 (Rs. in Cr.): 86.48

Monthly AUM as on September 30, 2023 (Rs. In Cr.): 93.39

Entry Load: Not applicable

Exit Load: • 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. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 13-Nov-18.
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. Mr. Abhinav Khandelwal is managing this scheme since April 1, 2022. Ms. Fatema Pacha is managing this scheme since December 21, 2020. *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: 13-Nov-2018.
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. Abhinav Khandelwal manages 6 schemes and Ms. Fatema Pacha manages 8 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 September 29, 2023

Scheme Name
Mahindra Manulife Consumption Fund

This product is suitable for investors who are seeking*:
• Long term capital appreciation;
• Investment predominantly in equity and equity related securities including derivatives of entities engaged in and/ or expected to benefit from the consumption led demand in India.

Scheme Riskometer

Scheme Benchmark
Nifty India Consumption TRI

Benchmark Riskometer

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Readers of this material should rely on information / data arising out of their own investigations and advised to seek independent professional advice and arrive at an informed decision before making any investments. Neither Mahindra Manulife Investment Management Private Limited nor Mahindra Manulife Trustee Private Limited, its directors or associates shall be liable for any damages that may arise from the use of the information contained herein.

Get in Touch: Unit No. 204, 2nd Floor, Amiti Building, Piramal Agastya Corporate Park, LBS Road, Kamani Junction, Kurla (W), Mumbai – 400 070.
Phone: +91-22-66327900, Fax: +91-22-66327932
Toll Free No.: 1800 419 6244
Website: www.mahindramanulife.com

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
CNo.01296