Prudent portfolio of investments across companies and sectors.
	Actively managed by professional fund managers for potential long term capital appreciation.
	Opportunity to participate in successful businesses through equity market.

• 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.
  

• Key Overweight sector/Industries includes Banks, Capital Good & industrials, Autos, cement, Metals and Telecom vs the Scheme’s Benchmark
  
  
• Key Underweights sectors /Industries includes Finance, FMCG, Healthcare and Oil &Gas vs the Scheme’s Benchmark
  
  
• IT and Chemicals are in line with benchmark weights.
  
  
• Portfolio has higher allocation to Mid and Small caps and is looking to continue with the same position on a bottom up stock selection basis
  

Data as on December 31, 2022

Sector	MMMBY	Nifty 500 Multicap 50:25:25 TRI Index
Financial Services	27.61%	27.41%
Capital Goods	22.68%	7.02%
Information Technology	10.85%	8.90%
Construction Materials	7.19%	2.17%
Healthcare	3.95%	6.40%

Data as on December 31, 2022

Security	% to Net Assets
Infosys Limited	4.36%
ICICI Bank Limited	4.31%
State Bank of India	3.78%
Canara Bank	3.51%
Bharat Forge Limited	3.43%
LTIMindtree Limited	2.88%
IndusInd Bank Limited	2.84%
Ambuja Cements Limited	2.69%
United Spirits Limited	2.66%
Dalmia Bharat Limited	2.60%
Top 10 Holdings	33.07%

Fresh Additions	Complete Exits
Security	Security
IDFC Limited	Gujarat Industries Power Company Limited
Jindal Stainless Limited	ITC Limited
Life Insurance Corporation Of India	MRF Limited
Punjab National Bank	Reliance Industries Limited
REC 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)	1.15
Standard Deviation	22.64%
Beta1	0.88
Sharpe Ratio#	0.69
Jenson's Alpha2	0.1317

#Risk-free rate assumed to be 6.60% (MIBOR as on 31-12-22) - Source: www.mmda.org
1. Beta is calculated on the basis of average monthly rolling returns as of last day of the month since inception till December 31, 2022 and annualized. 2. Calculated for the period since inception till December 31, 2022. | Data Source: ICRA Analytics, Bloomberg | Data as on December 31, 2022

Investment Objective:
The investment objective of the Scheme is to provide medium to long term capital appreciation through appropriate diversification and taking low risk on business quality. The diversified portfolio would predominantly consist of equity and equity related securities including derivatives. However, there can be no assurance that the investment objective of the Scheme will be achieved.

Fund Manager:

Mr. Manish Lodha
Total Experience : 22 years
Experience in managing this fund: 2 years( (Managing since December 21, 2020)

Ms. Fatema Pacha
Total Experience : 17 years,
Experience in managing this fund: 2 years and 2 months ( (managing since October 16, 2020)

Date of allotment: May 11, 2017

Benchmark: NIFTY 500 Multicap 50:25:25 TRI

Option: IDCW (IDCW Option will have IDCW Reinvestment (D) & IDCW Payout facility) and Growth (D)
D-Default

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

Additional Purchase Amount: Rs. 1,000 and in multiples of Re. 1/- thereafter

Redemption / Switch-outs: 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.): 1,548.48

Quarterly AAUM as on December 31, 2022 (Rs. in Cr.): 1515.70

Monthly AUM as on December 31, 2022 (Rs. In Cr.): 1,544.72

Entry Load: Not applicable

Exit Load: • An Exit Load of 1% is payable if Units are redeemed / switched-out upto 1 year from the date of allotment;
• Nil if Units are redeemed / switched-out after 1 year from the date of allotment.

^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 11-May-17.
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. Mr. Manish Lodha is managing this fund since December 21, 2020. Ms. Fatema Pacha is managing this scheme since October 16, 2020. *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: 11-May-17.
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 manages 10 schemes and Ms. Fatema Pacha manages 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.