One Pager as on February 28, 2023
|Relatively lower risk as arbitrage strategy focuses on protecting downside risk by capturing market spreads|
|Better tax efficiency on returns compared to short term debt funds|
|One of the least volatile hybrid schemes that is suitable for investment across market cycles|
Data as on February 28, 2023
#Mutual Fund units as provided above is towards margin for derivatives positions.
|Sector||MMAF||Nifty 100 Index TRI|
|Oil Gas & Consumable Fuels||7.90%||11.54%|
Data as on February 28, 2023
|Security||% to Net Assets|
|ICICI Bank Limited||8.14%|
|Reliance Industries Limited||7.90%|
|HDFC Life Insurance Company Limited||6.61%|
|Larsen & Toubro Limited||5.83%|
|Tata Power Company Limited||5.40%|
|Adani Ports and Special Economic Zone Limited||4.87%|
|Ambuja Cements Limited||4.59%|
|Tata Steel Limited||4.52%|
|Kotak Mahindra Bank Limited||4.25%|
|Maruti Suzuki India Limited||4.16%|
|Annualised Portfolio YTM*1^||6.55%2|
|Macaulay Duration^||1.00 days2|
|Residual Maturity^||1.00 days2|
|Portfolio Turnover Ratio (Last 1 year)||8.14|
* In case of semi annual YTM, it will be annualised
^ For debt component
1Yield to maturity should not be construed as minimum return oered 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. Data as on February 28, 2023
^Benchmark ^^Additional Benchmark. Inception/Allotment date: 24-Aug-20.
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. Mr. Abhinav Khandelwal is managing this scheme since April 1, 2022. Mr. Manish Lodha is managing this fund since December 21, 2020.
^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 24-Aug-20.
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 10 schemes, Mr. Abhinav Khandelwal manages 6 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.
This product is suitable for investors who are seeking*:
• Income over short term;
• Income through arbitrage opportunities between cash and derivative market and arbitrage opportunities within the derivative segment.
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
*Please consult your tax advisor before investing.