Mahindra Manulife Equity Savings Fund


(An open ended scheme investing in equity, arbitrage and debt)



One Pager as on September 30, 2024

 
Potential capital appreciation & wealth accumulation through regular investments in long term
 
Balances the risk of equity with investments in debt and derivative securities
 
Flexible asset allocation feature in dynamic market scenarios
 
  • A well-diversified portfolio that balances risk in equity through investments in debt and arbitrage

  • The equity strategy will be guided by sector and market outlook for medium to long term

  • The debt strategy will be guided by interest rate movements and change in term structure and credit spreads

  • A portfolio structured to reduce the impact of market volatility or drawdowns making it an all season investment option
  • Key Overweight sectors/Industries include FMCG, Construction Materials and IT vs the Scheme’s Benchmark

  • Key Underweight sectors /Industries include Consumer Services, Telecom and Finance vs the Scheme’s Benchmark.

  • Portfolio is around 30% invested in Equities(Unhedged)

Sector MMESF Nifty Equity Savings TRI
Financial Services 17.36% 32.92%
Construction Materials 8.28% 2.06%
Fast Moving Consumer Goods 7.28% 8.58%
Oil Gas & Consumable Fuels 6.76% 11.25%
Information Technology 5.59% 12.75%

^For the equity portion

Data as on September 30, 2024

Security % to Net Assets
Ambuja Cements Limited* 6.06%
Reliance Industries Limited* 3.75%
Bajaj Finance Limited* 3.45%
ICICI Bank Limited* 3.25%
ITC Limited* 3.18%
HDFC Bank Limited* 3.10%
Sun Pharmaceutical Industries Limited* 2.71%
Tech Mahindra Limited* 2.04%
Hindustan Unilever Limited* 1.67%
NTPC Limited* 1.65%
Total 30.85%
*Includes Fully/Partially hedged positions
Security % to Net Assets
Small Industries Dev Bank of India (CB) 3.97%
7.32% GOI (MD 13/11/2030) (SOV) 3.47%
364 Days Tbill (MD 17/10/2024) (SOV) 2.48%
Godrej Industries Limited (CB) 2.41%
7.1% GOI (MD 08/04/2034) (SOV) 2.09%
Total 14.42%
CP - Commercial Paper, CD - Certificate of Deposit, CB - Corporate Bond, SOV- Sovereign
Annualised Portfolio YTM*1^ 7.44%2
Macaulay Duration^ 2.29 Year2
Modified Duration^ 2.172
Residual Maturity^ 2.78 Years2
Portfolio Turnover Ratio (Last 1 year) 4.02
As on (Date) September 30, 2024
Standard Deviation 5.78%
Beta 1.16
Sharpe Ratio# 0.37
Jenson’s Alpha -0.0432


*In case of semi annual YTM, it will be annualised
^For debt component
#Risk-free rate assumed to be 6.76% (MIBOR as on 30-09-24) - Source: www.mmda.org
1Yield to maturity should not be construed as minimum return offered by the Scheme; 2Calculated 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 September 30, 2024. | Data Source: ICRA Analytics, Bloomberg | Data as on September 30, 2024 | N.A.: Net Assets

Fresh Additions Complete Exits
Security Security
PTC Industries Limited Cyient Limited
- Indus Towers 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, 2024

Investment Objective:
The Scheme seeks to generate long term capital appreciation and also income through investments in equity and equity related instruments, arbitrage opportunities 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:

Mr. Manish Lodha (Equity)
Total Experience : 23 years
Experience in managing this fund: 3 years and 9 months (Managing since December 21, 2020)

Mr. Renjith Sivaram (Equity)
Total Experience : 13 years
Experience in managing this fund: 1 year and 3 months (managing since July 03, 2023)

Mr. Rahul Pal (Debt)
Total Experience : 22 years,
Experience in managing this fund: 7 years and 8 months ( (managing since February 1, 2017)

Mr. Pranav Patel$ (Hybrid)
Total Experience: 9 years
Experience in managing this fund: 9 months (Managing since January 05, 2024)
$Dedicated Fund Manager for Overseas Investments

Date of allotment: February 1, 2017

Benchmark: Nifty Equity Savings TRI

Option: IDCW (IDCW Option will have IDCW Reinvestment (D) & IDCW Payout facility) and Growth (D)
D-Default

Minimum Application Amount: 1,000/- and in multiples of Re. 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 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 September 30, 2024 (Rs. in Cr.): 557.53

Quartely AAUM as on September 30, 2024 (Rs. in Cr.): 535.56

Monthly AUM as on September 30, 2024 (Rs. In Cr.): 564.07

Entry Load: Not applicable

Exit Load: 10% of the units allotted shall be redeemed without any exit load, on or before completion of 15 calendar days 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 15 calendar days from the date of allotment of Units;

• Nil - If Units are redeemed / switched-out after completion of 15 calendar days from the date of allotment of Units.

^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 1-Feb-17.
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 fund since December 21, 2020. Mr. Renjith Sivaram is managing this fund since July 03, 2023. Mr. Pranav Patel is managing this fund since January 05, 2024.

^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 1-Feb-17.
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 11 schemes, Mr. Manish Lodha manages 10 schemes, Mr. Renjith Sivaram manages 3 schemes and Mr. Pranav Patel manage 5 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 September 30, 2024

Scheme Name
Mahindra Manulife Equity Savings Fund

This product is suitable for investors who are seeking*:
• Long term capital appreciation and generation of income
• Investment in equity and equity related instruments, arbitrage opportunities and debt and money market instruments.

Scheme Riskometer

Scheme Benchmark
Nifty Equity Savings 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.01409