Flexibility to invest in opportunities across market capitalization
	Bottom up stock selection process
	Active allocation across Market capitalization based on macro-economic indicators, policy environment, valuations, market conditions
	Top down approach to select sectors
	Management through diversification of holdings and disciplined approach to monitor individual stock position based on market capitalization

• A well-diversified portfolio of companies having demonstrated industry leadership and scalability leading to high earnings growth potential
  
  
• The portfolio will tap into emerging growth opportunities from across sectors stemming from under penetration, structural market share shifts and technology driven changes.
  

• After massive outperformance of Banks we are reallocating some weight to Insurance.
  
  
• After a significant bump up in discretionary demand post Covid we have reduced the weight on discretionary and increased weight on staples
  
  
• We are continuing with the Overweight in IT as valuations have corrected and incremental earnings cut is limited
  
  
• Key Overweight sector/Industries includes Banks, Insurance, IT and Capital Goods sector vs the Scheme’s Benchmark
  
  
• Key Underweights sectors /Industries includes Finance and Oil & gas vs the Scheme’s Benchmark
  
  
• Portfolio is gradually shifting to small caps as India strengthens itself in global volatility and rate tightening cycle is near the peak
  

Data as on December 31, 2022

Sector	MMFCY	Nifty 500 Index TRI
Financial Services	33.04%	31.41%
Information Technology	14.67%	10.86%
Capital Goods	7.69%	3.51%
Automobile And Auto Components	6.12%	5.45%
Fast Moving Consumer Goods	5.52%	7.99%

Data as on December 31, 2022

Security	% to Net Assets
HDFC Bank Limited	9.65%
Infosys Limited	9.64%
ICICI Bank Limited	9.15%
Reliance Industries Limited	5.27%
Hindustan Unilever Limited	4.09%
Axis Bank Limited	3.72%
Larsen & Toubro Limited	3.37%
Tata Consultancy Services Limited	3.15%
Bajaj Finance Limited	3.02%
Maruti Suzuki India Limited	2.17%
Top 10 Holdings	53.22%

Fresh Additions	Complete Exits
Security	Security
JK Lakshmi Cement Limited	Bharat Electronics Limited
	HCL Technologies Limited
	Trent 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 December 31, 2022

Turnover Ratio (Last 1 year)

0.94

Investment Objective:
The investment objective of the Scheme is to generate long term capital appreciation by investing in a diversified portfolio of equity and equity-related securities across market capitalization. However, there can be no assurance that the investment objective of the Scheme will be achieved.

Fund Manager:

Ms. Fatema Pacha (Equity)
Total Experience : 17 years
Experience in managing this fund: 1 year and 4 months (Managing since August 23, 2021)

Mr. Manish Lodha (Equity)
Total Experience : 22 years,
Experience in managing this fund: 1 year and 4 months (Managing since August 23, 2021)

Date of allotment: August 23, 2021

Benchmark: Nifty 500 Index TRI

Option: Growth; IDCW

IDCW Sub-options: IDCW Reinvestment & IDCW Payout

Minimum Application Amount: Rs. 1,000 and in multiples of Re. 1/- thereafter

Minimum Redemption/Switch-Out Amount: Rs. 1,000/- or 100 units or account balance, whichever is lower

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

Monthly AAUM as on December 31, 2022 (Rs. in Cr.): 959.78

Quarterly AAUM as on December 31, 2022 (Rs. in Cr.): 975.10

Monthly AUM as on December 31, 2022 (Rs. In Cr.): 941.79

Entry Load: Not applicable

Exit Load: 0.5%*
*An Exit Load of 0.5% 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.

^Benchmark ^^Additional Benchmark. Inception/Allotment date: 23-Aug-21.
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.

^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 23-August-21.
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. Manish Lodha manage 10 schemes and Ms. Fatema Pacha manage 9 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 December 30, 2022.