Mahindra Manulife
Business Cycle Fund

(An open ended equity scheme following business cycles based investing theme)

One Pager as on February 29, 2024

Business Cycle fund aims to identify and invest in select sectors based on the market and economic dynamics.
Skilled fund managers can strategically rotate the portfolio`s sectoral allocation to capture outperformance during specific phases of the business cycle.
The Funds are designed to be flexible and adaptive to changing economic & market conditions.
Investing in a business cycle fund allows investors to participate in the growth potential of different sectors and industries as the economy progresses through different phases of the cycle.
Blend of top-down Business Cycle/Sector identification and bottom-up stock selection approach.
Portfolio Allocation: Quality companies preferred during the favourable business cycle.
Concentrated sectoral position based on the stages of Business Cycle.
Investments across market capitalization.
Security % to Net Assets
Reliance Industries Limited 6.15%
State Bank of India 4.64%
Tata Consultancy Services Limited 3.15%
ICICI Bank Limited 2.91%
Infosys Limited 2.39%
Grasim Industries Limited 2.35%
Indus Towers Limited 2.27%
Canara Bank 2.22%
Sun Pharmaceutical Industries Limited 2.09%
Indraprastha Gas Limited 2.07%
Total 30.24%
Sector MMBCF Nifty 500 Index TRI
Financial Services 22.93% 28.20%
Oil Gas & Consumable Fuels 13.04% 9.58%
Healthcare 9.01% 5.86%
Information Technology 8.35% 10.54%
Metals & Mining 6.74% 3.30%

Data as on February 29, 2024

Fresh Additions Complete Exits
Security Security
Carborundum Universal Limited Engineers India Limited
ICICI Bank Limited NHPC Limited
Jio Financial Services Limited Power Grid Corporation of India Limited
Piramal Pharma 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 February 29, 2024

Investment Objective:
The Scheme shall seek to generate long term capital appreciation by investing predominantly in equity and equity related securities with a focus on identifying and investing in business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy. However, there is no assurance that the objective of the Scheme will be realized.

Fund Manager:

Mr. Krishna Sanghavi
Total Experience : 27 years
Experience in managing this fund: 5 months (Managing since September 11, 2023)

Mr. Renjith Sivaram
Total Experience : 13 years
Experience in managing this fund: 5 months (Managing since September 11, 2023)

Mr. Pranav Patel$
Total Experience : 9 years
Experience in managing this fund:2 month (Managing since January 05, 2024)

Date of allotment: September 11, 2023

Benchmark: NIFTY 500 TRI*

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

Minimum Application Amount: Rs. 1000 and in multiples of Rs. 1 thereafter

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

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

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

Minimum Weekly & Monthly SIP installments: 6

Minimum Quarterly SIP Amount: Rs 1,500 and in multiples of Rs 1/- thereafter

Minimum Quarterly SIP installments: 4

Monthly AAUM as on February 29, 2024 (Rs. in Cr.): 691.75

Monthly AUM as on February 29, 2024 (Rs. in Cr.): 700.73

Entry Load: Not applicable

Exit Load: • An Exit Load of 1% 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.
Redemption /Switch-Out of Units would be done on First in First out Basis (FIFO).

*Also referred as NSE 500 TRI, as per the list of benchmark indices (1st tier benchmarks) published by AMFI.
$Dedicated Fund Manager for Overseas Investments. IDCW: Income Distribution cum Capital Withdrawal
Note: The performance data of Mahindra Manulife Business Cycle Fund has not been provided as the scheme has not completed 6 months since inception. The said Scheme is co-managed by Mr. Krishna Sanghavi , Mr. Renjith Sivaram & Mr. Pranav Patel (Dedicated Fund Manager for Overseas Investments)
Scheme Name
Mahindra Manulife Business Cycle Fund

This product is suitable for investors who are seeking*:
• Long term capital appreciation;
• Investment predominantly in equity and equity related instruments of business cycle based theme.

Scheme Riskometer

Scheme Benchmark

Benchmark Riskometer

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Readers of this material should rely on information / data arising out of their own investigations and advised to seek independent professional advice and arrive at an informed decision before making any investments. Neither Mahindra Manulife Investment Management Private Limited nor Mahindra Manulife Trustee Private Limited, its directors or associates shall be liable for any damages that may arise from the use of the information contained herein.

Get in Touch: Unit No. 204, 2nd Floor, Amiti Building, Piramal Agastya Corporate Park, LBS Road, Kamani Junction, Kurla (W), Mumbai – 400 070.
Phone: +91-22-66327900, Fax: +91-22-66327932
Toll Free No.: 1800 419 6244

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.