MAHINDRA MANULIFE BUSINESS CYCLE FUND
(An open ended equity scheme following business cycles based investing theme)

Data as on 31st August, 2025

Investment Objective The Scheme shall seek to generate long term capital appreciation by investing predominantly in equity and equity related securities with a focus on identifying and investing in business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy. However, there is no assurance that the objective of the Scheme will be realized.
Fund Features
  • Business Cycle fund aims to identify and invest in select sectors based on the market and economic dynamics.
  • Skilled fund managers can strategically rotate the portfolio`s sectoral allocation to capture outperformance during specific phases of the business cycle.
  • The Funds are designed to be flexible and adaptive to changing economic & market conditions
  • Investing in a business cycle fund allows investors to participate in the growth potential of different sectors and industries as the economy progresses through different phases of the cycle.
Fund Manager and Experience Fund Manager: Mr. Krishna Sanghavi
Total Experience: 27 years
Experience in managing this fund: 1 Year and 11 months (Managing since September 11, 2023)
Fund Manager: Mr. Vishal Jajoo
Total Experience: 17 years
Experience in managing this fund: 4 months (Managing since May 02, 2025)
Fund Manager: Mr. Renjith Sivaram
Total Experience: 14 years
Experience in managing this fund: 1 Year and 11 months (Managing since September 11, 2023)
Date of allotment September 11, 2023
Benchmark NIFTY 500 TRI
Options 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. 1000 and in multiples of Rs. 1 thereafter
SIP 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 Repurchase Amount: Rs. 1,000/- or 100 units or account balance, whichever is lower
Monthly AAUM as on August 31, 2025 (Rs. in Cr.): 1,218.90
Monthly AUM as on August 31, 2025 (Rs. in Cr.): 1,208.93
Total Expense Ratio 1 as on
August 31, 2025:		 Regular Plan: 2.12%
Direct Plan: 0.51%
1Includes additional expenses charged in terms of Regulation 52 (6A) (b) and 52 (6A)(c) of SEBI (Mutual Funds) Regulations, 1996 and Goods and Services Tax.
Load Structure: Entry Load: N.A.
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.
Redemption /Switch-Out of Units would be done on First
in First out Basis (FIFO).

Portfolio Turnover Ratio (Last 1 year): 0.52

NAV as on August 29, 2025
NAV/Unit
Regular Plan (In Rs.)
Direct Plan (In Rs.)
IDCW
13.0575
13.5434
Growth
14.1678
14.6629
IDCW: Income Distribution cum Capital Withdrawal.

Company / Issuer
% of Net Assets
Automobile And Auto Components
12.01
Hero MotoCorp Limited
2.57
Maruti Suzuki India Limited
2.45
Bajaj Auto Limited
2.43
Asahi India Glass Limited
2.30
CEAT Limited
1.31
Belrise Industries Ltd.
0.95
Capital Goods
4.88
APL Apollo Tubes Limited
1.77
Kirloskar Brothers Limited
1.29
LMW Limited
1.07
Technocraft Industries (India) Limited
0.75
Chemicals
1.32
Archean Chemical Industries Limited
0.70
NOCIL Limited
0.62
Construction
1.12
ISGEC Heavy Engineering Limited
0.64
Afcons Infrastructure Limited
0.48
Construction Materials
4.72
Grasim Industries Limited
2.07
UltraTech Cement Limited
1.57
The Ramco Cements Limited
1.08
Consumer Durables
3.74
Whirlpool of India Limited
1.99
Kajaria Ceramics Limited
0.94
VIP Industries Limited
0.81
Consumer Services
1.05
Trent Limited
1.05
Fast Moving Consumer Goods
9.52
ITC Limited
2.71
Hindustan Unilever Limited
2.55
Balrampur Chini Mills Limited
1.26
AWL Agri Business Limited
1.05
Dabur India Limited
0.99
Triveni Engineering & Industries Limited
0.96
Financial Services
22.35
State Bank of India
3.88
HDFC Bank Limited
2.83
RBL Bank Limited
2.11
Bajaj Finance Limited
1.94
Axis Bank Limited
1.90
Piramal Enterprises Limited
1.54
Punjab National Bank
1.42
Jio Financial Services Limited
1.29
Power Finance Corporation Limited
1.26
Union Bank of India
1.24
Manappuram Finance Limited
1.17
Indian Bank
0.91
Canara Bank
0.86
Forest Materials
0.72
Aditya Birla Real Estate Limited
0.72
Healthcare
5.63
Divi's Laboratories Limited
2.05
Sun Pharmaceutical Industries Limited
1.69
GlaxoSmithKline Pharmaceuticals Limited
0.97
Anthem Biosciences Limited
0.92
Information Technology
9.38
Infosys Limited
4.07
Tech Mahindra Limited
2.10
Wipro Limited
1.65
Tata Consultancy Services Limited
1.56
Metals & Mining
3.67
Tata Steel Limited
1.78
National Aluminium Company Limited
1.00
Hindalco Industries Limited
0.89
Oil Gas & Consumable Fuels
10.28
Reliance Industries Limited
4.70
Oil & Natural Gas Corporation Limited
1.59
Coal India Limited
1.50
GAIL (India) Limited
1.37
Hindustan Petroleum Corporation Limited
1.12
Power
5.16
JSW Energy Limited
2.02
NTPC Limited
1.69
CESC Limited
1.45
Telecommunication
2.26
Indus Towers Limited
2.26
Textiles
0.86
S. P. Apparels Limited
0.86
Equity and Equity Related Total
98.67
Cash & Other Receivables
1.33
Grand Total
100.00
( Top Ten Holdings - Issuer wise) as on August 31, 2025)

Mahindra Manulife Business Cycle Fund
CAGR Returns (%)
Value of Investment of Rs. 10,000*
NAV / Index Value
(as on
August 29, 2025)
Managed by Mr. Krishna Sanghavi, Mr. Vishal Jajoo, Mr. Renjith Sivaram
1 Year
Since Inception
1 Year
Since Inception
Regular Plan - Growth Option
-9.78
21.19
9,024
14,594
14.1678
Direct Plan - Growth Option
-8.27
23.70
9,175
15,196
14.6629
Nifty 500 TRI^
-4.42
15.12
9,559
13,191
35,799.38
Nifty 50 TRI^^
-2.01
12.78
9,799
12,670
36,709.00

^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 11-Sep-23. 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 and Direct 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. Vishal Jajoo is managing this scheme since May 02, 2025. please click here | Best Viewed in Landscape mode

Mahindra Business Cycle Fund
Regular Plan
Direct Plan
Nifty 500 TRI Index^
Nifty 50 Index TRI^^
SIP Investment Period
Total Amount Invested
()
Market Value
()
CAGR Returns
(%)
Market Value
()
CAGR Returns
(%)
Market Value
()
CAGR Returns (%)
Market Value
()
CAGR Returns
(%)
1 Year
1,20,000
1,18,642
-2.12
1,22,166
-0.52
1,21,253
1.97
1,22,166
3.41
Since Inception
2,40,000
2,54,386
5.76
2,57,486
6.99
2,60,643
8.23
2,60,385
8.13

^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 11-Sep-23 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). For SIP Performance please click here | Best Viewed in Landscape mode.

MAHINDRA MANULIFE MULTI CAP BADHAT YOJANA

MAHINDRA MANULIFE MULTI CAP BADHAT YOJANA

As per the latest Market Capitalisation data provided by AMFI (In line with the applicable SEBI guidelines)

Record Date
Plan(s) / Option(s)
IDCW
Face Value
Cum-IDCW NAV
(Rs. per unit)
(Rs. per unit)
(Rs. per unit)
13-Mar-25
Regular IDCW
1.00
10
13.0029
13-Mar-25
Direct IDCW
1.00
10
13.3515
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.

Product Suitability
This Product is Suitable for investors who are seeking*
  • Long term capital appreciation.
  • Investment predominantly in equity and equity related instruments of business cycle based theme.
Scheme Riskometers
Benchmark Riskometers

MAHINDRA MANULIFE MULTI CAP BADHAT YOJANA

MAHINDRA MANULIFE MULTI CAP BADHAT YOJANA
As per AMFI Tier I Benchmark i.e. NIFTY 500 TRI
* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.