MAHINDRA MANULIFE BUSINESS CYCLE FUND
(An open ended equity scheme following
business cycles based investing theme)
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| Data as on 31st, January 2024 | ||||
| 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: 4 month (Managing since September 11, 2023) Fund Manager: Mr. Renjith Sivaram Total Experience: 13 years Experience in managing this fund: 4 month (Managing since September 11, 2023) Fund Manager: Mr. Pranav Patel$ Total Experience: 9 years Experience in managing this fund: 1 month (Managing since January 05, 2024) $Dedicated Fund Manager for Overseas Investments |
| Date of allotment | September 11, 2023 |
| Benchmark | NIFTY 500 TRI* *Also referred as NSE 500 TRI, as per the list of benchmark indices (1st tier benchmarks) published by AMFI. |
| Options | IDCW (IDCW Option will have IDCW Reinvestment (D) & IDCW Payout facility) and Growth (D) D-Default |
| Minimum Application 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 January 31, 2024 (Rs. in Cr.): | 620.91 |
| Monthly AUM as on January 31, 2024 (Rs. in Cr.): | 656.05 |
| Total Expense Ratio 1 as on January 31, 2024: |
Regular Plan: 2.29% Direct Plan: 0.39% 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. Note: The performance data of the Scheme(s) co-managed by Mr. Krishna Sanghavi, Mr. Renjith Sivaram & Mr. Pranav Patel (Dedicated Fund Manager for Overseas Investments) Mahindra Manulife Business Cycle Fund, has not been provided as the scheme has not completed 6 months |
NAV as on January 31, 2024
| NAV/Unit | Regular Plan (In Rs.) |
Direct Plan (In Rs.) |
| IDCW | 12.2079 |
12.2990 |
| Growth | 12.2079 |
12.2990 |
| IDCW: Income Distribution cum Capital Withdrawal | ||
Issuer |
% of Net Assets
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| Automobile and Auto Components | 4.87% |
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| Hero MotoCorp Limited | 1.76% |
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| Maruti Suzuki India Limited | 1.63% |
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| Asahi India Glass Limited | 1.48% |
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| Capital Goods | 5.44% |
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| Bharat Bijlee Limited | 1.71% |
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| Lakshmi Machine Works Limited | 1.61% |
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| Bharat Forge Limited | 1.07% |
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| Inox India Limited | 1.05% |
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| Chemicals | 4.57% |
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| Gujarat Narmada Valley Fertilizers and Chemicals Limited | 1.67% |
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| EID Parry India Limited | 1.52% |
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| Gujarat State Fertilizers & Chemicals Limited | 1.37% |
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| Construction | 2.18% |
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| ISGEC Heavy Engineering Limited | 1.20% |
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| Engineers India Limited | 0.98% |
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| Construction Materials | 2.49% |
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Grasim Industries Limited | 2.49% |
| Consumer Durables | 2.44% |
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| Voltas Limited | 1.36% |
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| VIP Industries Limited | 1.08% |
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| Diversified | 2.48% |
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Godrej Industries Limited | 2.48% |
| Fast Moving Consumer Goods | 2.12% |
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| Triveni Engineering & Industries Limited | 1.36% |
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| Emami Limited | 0.76% |
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| Financial Services | 17.67% |
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State Bank of India | 3.27% |
| Canara Bank | 2.02% |
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| Bank of India | 1.99% |
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| IndusInd Bank Limited | 1.50% |
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| Kotak Mahindra Bank Limited | 1.50% |
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| City Union Bank Limited | 1.47% |
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| Piramal Enterprises Limited | 1.40% |
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| RBL Bank Limited | 1.30% |
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| Power Finance Corporation Limited | 1.10% |
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| Union Bank of India | 1.07% |
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| L&T Finance Holdings Limited | 1.06% |
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| Forest Materials | 1.29% |
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| Century Textiles & Industries Limited | 1.29% |
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| Healthcare | 6.81% |
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| GlaxoSmithKline Pharmaceuticals Limited | 2.06% |
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| Sun Pharmaceutical Industries Limited | 1.51% |
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| Divi's Laboratories Limited | 1.33% |
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| Cipla Limited | 1.11% |
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| Natco Pharma Limited | 0.79% |
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| Information Technology | 7.58% |
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Tata Consultancy Services Limited | 2.73% |
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Infosys Limited | 2.28% |
| Tech Mahindra Limited | 1.30% |
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| Wipro Limited | 1.28% |
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| Metals & Mining | 8.69% |
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National Aluminium Company Limited | 2.39% |
| Tata Steel Limited | 1.81% |
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| MOIL Limited | 1.72% |
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| Steel Authority of India Limited | 1.59% |
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| Kirloskar Ferrous Industries Limited | 1.18% |
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| Oil Gas & Consumable Fuels | 14.34% |
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Reliance Industries Limited | 6.42% |
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Indraprastha Gas Limited | 2.23% |
| GAIL (India) Limited | 1.99% |
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| Oil India Limited | 1.95% |
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| Coal India Limited | 1.75% |
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| Power | 9.52% |
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NTPC Limited | 2.77% |
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NHPC Limited | 2.50% |
| Power Grid Corporation of India Limited | 2.17% |
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| CESC Limited | 2.07% |
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| Realty | 0.82% |
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| Anant Raj Limited | 0.82% |
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| Services | 1.09% |
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| Firstsource Solutions Limited | 1.09% |
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| Telecommunication | 1.78% |
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| Indus Towers Limited | 1.78% |
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| Textiles | 0.90% |
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| S. P. Apparels Limited | 0.90% |
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| Equity and Equity Related Total | 97.07% |
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| Cash & Other Receivables | 2.93% |
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| Grand Total | 100.00% |
( Top Ten Holdings - Issuer wise) as on January 31, 2024) |
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 |
 Scheme Benchmark: 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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