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

• Will take tactical hedging calls while maintaining liquidity.
  
  
• Will be agnostic to sector and market cap.
  

^#Mutual Fund units as provided above is towards margin for derivatives positions.

Sector	MMAF*
Financial Services	24.79%
Metals & Mining	9.71%
Construction Materials	7.59%
Power	6.05%
Telecommunication	4.91%

^@For the equity portion
*Mahindra Manulife Arbitrage Fund

Data as on February 27, 2026

Security	% to Net Assets
UltraTech Cement Limited	7.59%
Bajaj Finance Limited	6.35%
Tata Power Company Limited	6.05%
ICICI Bank Limited	5.93%
Axis Bank Limited	5.67%
Hindalco Industries Limited	5.17%
Titan Company Limited	4.58%
Tata Steel Limited	4.54%
Reliance Industries Limited	3.93%
Indus Towers Limited	3.17%
Total	52.98%

**Fully Hedged equity

Annualised Portfolio YTM*1^	4.93%2
Macaulay Duration^	2.00 day 2
Modified Duration^	2.00 day 2
Residual Maturity^	2.00 day 2
Portfolio Turnover Ratio (Last 1 year)	8.84
As on (Date)	February 27, 2026
Standard Deviation	0.53%
Beta	0.54
Sharpe Ratio	1.07
Jenson’s Alpha	-0.0629

* In case of semi annual YTM, it will be annualised
#Risk-free rate assumed to be 5.17% (MIBOR as on 27-02-2026) - Source: www.mmda.org
^ For debt component
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. Data as on February 27, 2026

Investment Objective:
The investment objective of the Scheme is to generate income by predominantly investing in arbitrage opportunities in the cash and derivatives segment of the equity market and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market instruments. However, there can be no assurance that the investment objective of the Scheme will be achieved.

Fund Manager:

Mr. Mitul Doshi (Equity)
Total Experience : 20 years
Experience in managing this fund: 10 months (Managing since May 02, 2025)

Mr. Navin Matta (Equity)
Total Experience : 19 years,
Experience in managing this fund: 1 year and 4 months (Managing since October 24, 2024)

Mr. Rahul Pal (Debt)
Total Experience : 22 years,
Experience in managing this fund: 5 years and 6 months (Managing since August 24, 2020)

Date of allotment: August 24, 2020

Benchmark: Nifty 50 Arbitrage TRI

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

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

Minimum Amount for Switch in: Rs. 1,000/- and in multiples of Re. 0.01/- thereafter.

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

Monthly AAUM as on February 27, 2026 (Rs. in Cr.): 95.52

Monthly AUM as on February 27, 2026 (Rs. In Cr.): 97.65

Entry Load: Not applicable

Exit Load: • An exit load of 0.25% is payable if Units are redeemed / switched-out on or before completion of 30 days from the date of allotment of Units;

• Nil - If Units are redeemed / switched-out after completion of 30 days from the date of allotment of Units.
Redemption /Switch-Out of Units would be done on First in First out Basis (FIFO).

IDCW: Income Distribution cum Capital Withdrawal

^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. Navin Matta is managing this scheme since October 24, 2024. Mr. Mitul Doshi is managing this scheme since May 02, 2025.

^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.
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 12 schemes and Mr. Navin Matta manages 2 schemes and. Mr. Mitul Doshi manages 1 scheme and Mr. Kush Sonigara manages 4 scheme. The performance data for the schemes which have not completed one year has not been provided.
^$Note: Pursuant to notice cum addendum no. 7/2026, Fund Manager of the scheme has been changed with effect from February 16, 2026.
Note: As February 28, 2026 was a non-business days, the schemes returns disclosed are as on February 27, 2026, except for Mahindra Manulife Liquid Fund and Mahindra Manulife Overnight Fund which is as of February 28, 2026.