Balanced portfolio with growth focus
	Security selection through robust process frameworks
	Suitable for planning long term goals

• Tactical allocations across asset class adaptive to market cycles
  
  
• Higher equity allocation to companies with high growth potential from across market caps
  
  
• High emphasis on quality of debt securities through a robust credit risk appraisal process
  

• Key Overweight sectors/Industries include Capital Goods, Consumer Durables and Construction sector vs the Scheme’s Benchmark
  
  
• Key Underweight sectors /Industries include Power , Oil & Gas and Metals & Mining vs the Scheme’s Benchmark
  

Data as on April 30, 2024

Sector	MMAHF	CRISIL Hybrid 35+65 Aggressive Index
Financial Services	22.39%	29.91%
Information Technology	7.92%	9.45%
Oil Gas & Consumable Fuels	6.57%	10.56%
Fast Moving Consumer Goods	6.38%	7.69%
Automobile And Auto Components	5.84%	7.64%

^@For the equity portion

Data as on April 30, 2024

Security	% to Net Assets
ICICI Bank Limited	5.74%
HDFC Bank Limited	4.98%
Reliance Industries Limited	4.38%
State Bank of India	3.45%
Infosys Limited	3.35%
Larsen & Toubro Limited	2.82%
Axis Bank Limited	2.66%
Tata Consultancy Services Limited	2.14%
ITC Limited	2.05%
Shriram Finance Limited	2.04%
Total	33.62%

Security	% to Net Assets
7.18% GOI (MD 14/08/2033) (SOV)	4.61%
7.18% GOI (MD 24/07/2037) (SOV)	3.45%
Bharti Telecom Limited (CB)	2.12%
Tata Motors Finance Limited (ZCB)	1.98%
TVS Credit Services Limited (CB)	1.75%
Total	13.90%

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

Annualised Portfolio YTM*1^	7.87%2
Macaulay Duration^	4.32 years2
Modified Duration^	4.122
Residual Maturity^	6.74 years2
Portfolio Turnover Ratio (Last 1 year)	0.90
As on (Date)	April 30, 2024
Standard Deviation	10.39%
Beta	1.07
Sharpe Ratio#	1.08
Jenson’s Alpha	0.2635

*In case of semi annual YTM, it will be annualised ^For debt component
#Risk-free rate assumed to be 6.75% (MIBOR as on 30-04-24) - 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 April 30, 2024. | Data Source: ICRA Analytics, Bloomberg | Data as on April 30, 2024 | N.A.: Net Assets

Fresh Additions	Complete Exits
Security	Security
Axis Bank Limited	Firstsource Solutions Limited
CG Power and Industrial Solutions Limited	Kotak Mahindra Bank Limited
Eicher Motors Limited	L&T Finance Holdings Limited
ICICI Prudential Life Insurance Company Limited	The Jammu & Kashmir Bank Limited
L&T Finance 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 April 30, 2024

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

Ms. Fatema Pacha (Equity)
Total Experience : 18 years
Experience in managing this fund: 3 years and 6 months (Managing since October 16, 2020)

Mr. Manish Lodha (Equity)
Total Experience : 23 years,
Experience in managing this fund: 3 years and 4 months (Managing since December 21, 2020)

Mr. Rahul Pal (Debt)
Total Experience : 22 years,
Experience in managing this fund: 4 years and 9 months (Managing since July 19, 2019)

Mr. Amit Garg^££ (Debt) | Total Experience: 19 years
Experience in managing this fund: (Managing from May 02, 2024)
^££Pursuant to change in Fund Management Responsibilities, the scheme shall be co-managed by Ms. Fatema Pacha, Mr. Manish Lodha, Mr. Rahul Pal and Mr. Amit Garg effective May 2, 2024

Date of allotment: July 19, 2019

Benchmark: CRISIL Hybrid 35+65 Aggressive Index

Option: 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 Weekly & Monthly SIP Amount: Rs 500 and in multiples of Re. 1/- thereafter

Monthly AAUM as on April 30, 2024 (Rs. in Cr.): 1,105.93

Monthly AUM as on April 30, 20242 (Rs. In Cr.): 1,138.39

Entry Load: Not applicable

Exit Load: 10% of the units allotted shall be redeemed without any exit load, on or before completion of 3 months 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 3 months from the date of allotment of Units;
• Nil - If Units are redeemed / switched-out after completion of 3 months from the date of allotment of Units

^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 19-Jul-19.
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. Ms. Fatema Pacha is managing this scheme since October 16, 2020. Mr. Manish Lodha is managing this fund since December 21, 2020.

^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 19-Jul-19.
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, Ms. Fatema Pacha manages 8 schemes and Mr. Manish Lodha manages 10 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 April 30, 2024
Note: ^¢The Benchmarkof Mahindra Manulife Liquid Fund has been changed from CRISIL Liquid Debt B-I Index to CRISIL Liquid Debt A-I Index with effect from March 11, 2024. ^£The Benchmark of Mahindra Manulife Ultra Short Duration Fund has been changed from CRISIL Ultra Short Duration Debt B-I Index to CRISIL Ultra Short Duration Debt A-I Index with effect from March 11, 2024. ^¤The Benchmark of Mahindra Manulife Low Duration Fund has been changed from CRISIL Low Duration Debt B-I Index to CRISIL Low Duration Debt A-I Index with effect from March 11, 2024. ^¥The Benchmark of Mahindra Manulife Short Duration Fund has been changed from CRISIL Short Duration Debt B-II Index to CRISIL Short Duration Debt A-II Index with effect from March 11, 2024. ^§The Benchmark of Mahindra Manulife Dynamic Bond Fund has been changed from CRISIL Dynamic Bond B-III Index to CRISIL Dynamic Bond A-III Index with effect from March 11, 2024.