MAHINDRA MANULIFE BUSINESS CYCLE FUND
(An open ended equity scheme following
business cycles based investing theme)
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| Data as on 31st, December 2024 |
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| 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 |
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| Fund Manager and Experience | Fund Manager: Mr. Krishna Sanghavi Total Experience: 27 years Experience in managing this fund: 1 Year and 3 months (Managing since September 11, 2023) Fund Manager: Mr. Renjith Sivaram Total Experience: 14 years Experience in managing this fund: 1 Year and 3 months (Managing since September 11, 2023) Fund Manager: Mr. Pranav Patel$¢ Total Experience: 14 years Experience in managing this fund: 1 Year (Managing since January 05, 2024) $Dedicated Fund Manager for Overseas Investments |
| 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 December 31, 2024 (Rs. in Cr.): | 1,200.75 |
| Quarterly AAUM as on December 31, 2024 (Rs. in Cr.): | 1,179.58 |
| Monthly AUM as on December 31, 2024 (Rs. in Cr.): | 1,182.22 |
| Total Expense Ratio 1 as on December 31, 2024: |
Regular Plan: 2.12% Direct Plan: 0.48% 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). ¢Note: Pursuant to notice cum addendum no. 45/2024, Fund Manager of the scheme has been changed with effect from January 01, 2025. |
| NAV/Unit | Regular Plan (In Rs.) |
Direct Plan (In Rs.) |
| IDCW | 14.4377 |
14.7810 |
| Growth | 14.4377 |
14.7810 |
| IDCW: Income Distribution cum Capital Withdrawal. | ||
Issuer |
% of Net Assets
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|---|---|---|
| Automobile and Auto Components | 2.85% |
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| Maruti Suzuki India Limited | 1.65% |
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| Asahi India Glass Limited | 1.19% |
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| Capital Goods | 6.77% |
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| Kirloskar Brothers Limited | 1.31% |
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| LMW Ltd | 1.15% |
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| APL Apollo Tubes Limited | 1.11% |
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| Bharat Bijlee Limited | 0.96% |
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| Carborundum Universal Limited | 0.86% |
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| Technocraft Industries (India) Limited | 0.85% |
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| Sanghvi Movers Limited | 0.52% |
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| Chemicals | 2.82% |
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| Coromandel International Limited | 1.19% |
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| NOCIL Limited | 0.88% |
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| Archean Chemical Industries Limited | 0.75% |
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| Construction | 1.61% |
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| ISGEC Heavy Engineering Limited | 0.97% |
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| Afcons Infrastructure Limited | 0.64% |
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| Construction Materials | 1.86% |
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| Grasim Industries Limited | 1.86% |
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| Consumer Durables | 1.96% |
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| Bata India Limited | 1.07% |
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| VIP Industries Limited | 0.89% |
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| Consumer Services | 0.86% |
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| Restaurant Brands Asia Limited | 0.86% |
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| Fast Moving Consumer Goods | 8.62% |
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ITC Limited | 3.27% |
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Hindustan Unilever Limited | 2.28% |
| Balrampur Chini Mills Limited | 1.28% |
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| Triveni Engineering & Industries Limited | 1.26% |
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| Emami Limited | 0.52% |
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| Financial Services | 25.88% |
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HDFC Bank Limited | 6.97% |
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State Bank of India | 4.10% |
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ICICI Bank Limited | 2.44% |
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IndusInd Bank Limited | 2.15% |
| Jio Financial Services Limited | 1.89% |
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| Piramal Enterprises Limited | 1.55% |
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| Bandhan Bank Limited | 1.35% |
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| Punjab National Bank | 1.34% |
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| Bank of Baroda | 1.32% |
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| Bajaj Finance Limited | 1.27% |
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| Power Finance Corporation Limited | 0.75% |
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| RBL Bank Limited | 0.73% |
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| Forest Materials | 1.05% |
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| Aditya Birla Real Estate Limited | 1.05% |
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| Healthcare | 7.44% |
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Divi's Laboratories Limited | 2.09% |
| Sun Pharmaceutical Industries Limited | 2.04% |
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| Emcure Pharmaceuticals Limited | 1.22% |
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| Piramal Pharma Limited | 1.13% |
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| GlaxoSmithKline Pharmaceuticals Limited | 0.95% |
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| Information Technology | 7.78% |
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Infosys Limited | 3.44% |
| Tata Consultancy Services Limited | 1.64% |
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| Tech Mahindra Limited | 1.46% |
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| Wipro Limited | 1.24% |
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| Media, Entertainment & Publication | 0.59% |
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| D.B.Corp Limited | 0.59% |
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| Metals & Mining | 8.25% |
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| Sarda Energy & Minerals Limited | 1.93% |
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| Steel Authority of India Limited | 1.29% |
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| National Aluminium Company Limited | 1.16% |
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| Tata Steel Limited | 1.04% |
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| Hindalco Industries Limited | 1.03% |
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| MOIL Limited | 1.01% |
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| Kirloskar Ferrous Industries Limited | 0.79% |
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| Oil Gas & Consumable Fuels | 12.16% |
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Reliance Industries Limited | 4.67% |
| Oil & Natural Gas Corporation Limited | 1.66% |
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| GAIL (India) Limited | 1.54% |
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| Bharat Petroleum Corporation Limited | 1.50% |
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| Coal India Limited | 1.41% |
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| Hindustan Petroleum Corporation Limited | 1.38% |
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| Power | 3.57% |
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| CESC Limited | 1.81% |
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| NTPC Limited | 1.76% |
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| Realty | 1.27% |
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| Anant Raj Limited | 1.27% |
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| Telecommunication | 2.33% |
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Indus Towers Limited | 2.33% |
| Textiles | 1.11% |
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| S. P. Apparels Limited | 1.11% |
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| Equity and Equity Related Total | 98.76% |
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| Cash & Other Receivables | 1.24% |
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| Grand Total | 100.00% |
| ( Top Ten Holdings - Issuer wise) as on December 31, 2024) |
| Mahindra Manulife Business Cycle Fund | CAGR Returns (%) |
Value of Investment of Rs. 10,000* |
NAV / Index Value (as on December 31, 2024) |
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| Managed by Mr. Krishna Sanghavi, Mr. Renjith Sivaram & Mr. Pranav Patel$¢ | 1 Year |
Since Inception |
1 Year |
Since Inception |
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| Regular Plan - Growth Option | 25.62 |
32.45 |
12,585 |
14,438 |
14.4377 |
| Direct Plan - Growth Option | 27.85 |
34.85 |
12,811 |
14,781 |
14.7810 |
| Nifty 500 TRI^ | 16.10 |
20.89 |
11,624 |
12,814 |
35,357.90 |
| Nifty 50 TRI^^ | 10.00 |
14.86 |
11,009 |
11,985 |
35,155.77 |
^Benchmark ^^Additional Benchmark. 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. Pranav Patel is managing this fund since January 05, 2024.$Dedicated Fund Manager for Overseas Investments. For performance details of other schemes managed by the Fund Manager(s). please click here | Best Viewed in Landscape mode
¢Note: Pursuant to notice cum addendum no. 45/2024, Fund Manager of the scheme has been changed with effect from January 01, 2025.
| Mahindra Business Cycle Fund | Regular Plan |
Direct Plan |
Nifty 500 TRI Index^ |
Nifty 50 Index TRI^^ |
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| 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 |
1,24,552 |
7.11 |
1,25,778 |
9.05 |
1,23,911 |
6.10 |
1,21,600 |
2.48 |
| Since Inception | 1,60,000 |
1,62,254 |
2.00 |
1,68,656 |
7.70 |
1,75,809 |
14.09 |
1,70,268 |
9.14 |
^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 18-Oct-16. 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
Note: Pursuant to notice cum addendum no. 45/2024, Fund Manager of the scheme has been changed with effect from January 01, 2025.
As per the latest Market Capitalisation data provided by AMFI (In line with the applicable SEBI guidelines)
Product Suitability
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| This Product is Suitable for investors who are seeking* | |
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Scheme Riskometers |
Benchmark Riskometers |
 As per AMFI Tier I Benchmark i.e. NIFTY 500 TRI
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* Investors should consult their financial advisers if in doubt about whether the product is suitable for them. |
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