• High quality instruments
  
  
• Tactical allocation to mark to market
  
  
• Focusing on liquidity of the portfolio
  

• We continue to maintain a healthy mix of certificate of deposits and commercial papers
  
  
• We will attempt to ensure adequate liquidity, safety and accrual
  

Under normal circumstances the asset allocation pattern will be:

Instruments	Indicative Allocation (%of net assets)
Minimum	Maximum
Money Market instruments (including cash, repo, CPs, CDs, Treasury Bills and Government securities) with maturity / residual maturity up to 91 days	50%	100%
Debt instruments (including floating rate debt instruments and securitized debt)* with maturity/residual maturity up to 91 days	0%	50%

*securitized debt cumulative allocation not to exceed 30% of the net assets of the Scheme. For complete details on asset allocation please refer SID available on www.mahindramanulife.com or visit your nearest Investor Service Centre

Benchmark: CRISIL Liquid Debt A-I Index
Entry Load: N.A.
Exit Load:

Investor Exit upon subscription	Exit Load as % of redemption proceed
Day 1	0.0070%
Day 2	0.0065%
Day 3	0.0060%
Day 4	0.0055%
Day 5	0.0050%
Day 6	0.0045%
Day 7 onwards	0.0000%

Redemption /Switch-Out of Units would be done on First in First out Basis (FIFO).
The above mentioned exit load shall not apply to the Unclaimed Plan offered under this scheme.

FUND MANAGER : Mr. Rahul Pal
Total Experience : 24 years
Experience in managing this fund: 10 years and 3 months (managing since July 4, 2016)

FUND MANAGER : Mr. Amit Garg
Total Experience : 21 years
Experience in managing this fund: 6 years and 4 months (Managing since June 8, 2020)



Note: The data/statistics given above are to explain general market trends in the securities market, it should not be construed as any research report/research recommendation.

CURRENT MONTH September 30, 2026
AUM$$ (Rs. In Crore)	1,041.44
Quarterly AAUM (Rs. In Crore)	1391.53
Monthly AAUM (Rs. In Crore)	1,502.75
Annualised Portfolio YTM*1	6.57%
Macaulay Duration (days)	52.80
Modified Duration (days)	49.26
Residual Maturity (days)	52.83

PREVIOUS MONTH August 31, 2026
AUM$$ (Rs. In Crore)	1,392.28
Quarterly AAUM (Rs. In Crore)	-
Monthly AAUM (Rs. In Crore)	1,469.34
Annualised Portfolio YTM*1	6.42%
Macaulay Duration (days)	41.09
Modified Duration (days)	38.06
Residual Maturity (days)	41.16

*In case of semi annual YTM, it will be annualised
¹Yield to maturity should not be construed as minimum return offered by the Scheme
^$$Includes investment made by the schemes of Mahindra Manulife Mutual Fund aggregating to 259.86 crores

**Cash & Cash Equivalents includes Fixed Deposits, Cash & Current Assets and TREPS.
Data as on September 30, 2026

**Cash & Cash Equivalents includes Fixed Deposits, Cash & Current Assets and TREPS.
Data as on September 30, 2026

CURRENT MONTH September 30, 2026
Security	% to Net Assets
Union Bank of India(ICRA A1+)	9.55%
182 Days Tbill (MD 27/11/2026)(SOV)	9.52%
HDFC Bank Limited(CARE A1+/ICRA A1+)	9.52%
Small Industries Dev Bank of India(CARE A1+/CRISIL A1+)	7.17%
TATA Realty & Infrastructure Limited(CRISIL A1+)	7.16%
JM Financial Services Limited(CRISIL A1+)	7.15%
Indian Bank(CRISIL A1+)	7.12%
REC Limited(CRISIL A1+)	4.78%
91 Days Tbill (MD 29/10/2026) SOV)	4.78%
Bharat Petroleum Corporation Limited(CRISIL A1+)	4.77%
Total	71.52%

PREVIOUS MONTH August 31, 2026
Security	% to Net Assets
HDFC Bank Limited(CRISIL A1+/CARE A1+)	10.00%
Small Industries Dev Bank of India(CRISIL A1+/CARE A1+)	8.91%
Union Bank of India(ICRA A1+/FITCH A1+)	7.12%
NTPC Limited(CRISIL A1+)	5.37%
REC Limited(CRISIL A1+)	5.35%
TATA Realty & Infrastructure Limited(CRISIL A1+)	5.32%
Godrej Properties Limited(ICRA A1+)	3.58%
Export Import Bank of India(CRISIL A1+)	3.58%
Godrej Industries Limited(CRISIL A1+)	3.57%
Tata Housing Development Company Limited(CARE A1+)	3.56%
Total	56.36%

CP - Commercial Paper, CD - Certificate of Deposit, CB - Corporate Bond, SOV- Sovereign

SYSTEMATIC TRANSFER PLAN

WITH THIS YOU CAN • Take measured exposure into a new asset class • Rebalance your portfolio

CHOICE OF FREQUENCIES • Daily • Weekly • Monthly • Quarterly

CHOICE OF DATES Any date^ of your choice

MINIMUM AMOUNTS / INSTALMENTS • 6 instalments of ₹500 each under daily, weekly and monthly frequency • 4 instalments of ₹1500 each under quarterly frequency

SYSTEMATIC WITHDRAWAL PLAN

WITH THIS YOU CAN • Meet regular expenses

CHOICE OF FREQUENCIES • Monthly • Quarterly

CHOICE OF DATES Any date of your choice

MINIMUM AMOUNTS / INSTALMENTS • 2 instalments of ₹ 500 each under monthly/ quarterly frequency

^STP can be registered for any date under the monthly and quarterly frequencies and for any business day under the weekly frequency.

Mahindra Manulife Liquid Fund

^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 04-Jul-16.
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. 1,000 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 Amit Garg is managing the scheme since June 8, 2020.

^Benchmark CAGR – Compounded Annual Growth Rate.
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 12 schemes of Mahindra Manulife Mutual Fund and Mr. Amit Garg is managing 8 schemes of Mahindra Manulife Mutual Fund. The performance data for the schemes which have not completed one year has not been provided.
Note: The performance data of Mahindra Manulife Income Plus Arbitrage Active FOF has not been provided as the scheme has not completed 1 year since inception. The said Scheme is managed by Mr. Amit Garg, Mr Rahul Pal & Mr. Mitul Doshi.
^$Note: Pursuant to notice cum addendum no. 42/2026, Fund Manager of the scheme has been changed with effect from September 25, 2026.

Pursuant to Clause 17.5 of the SEBI Master Circular SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/90 dated June 27, 2024 Potential Risk Class (‘PRC’) Matrix for debt schemes based on Interest Rate Risk and Credit Risk is as follows:

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