Invests in segments with strongest contribution potential to India's growing GDP
	Focuses on segments largely insulated from global volatility
	Participating in India’s Consumption Growth Theme

• A thematic portfolio consisting mostly of companies that are likely to benefit from consumption led demand in India.
  
  
• Consumption theme responds to rising per capita income and changing lifestyle in India; across urban and rural markets. Companies expected to benefit from this trend would form majority part of the portfolio.
  
  

• Key Overweight sectors/Industries include Consumer Services, Consumer Durables and Fast Moving Consumer Goods vs the Schemes’ Benchmark.
  
  
• Key Underweight sectors /Industries include Power, Automobile And Auto Components and Telecommunication vs the Schemes’ Benchmark.
  

Sector	MMCF*	Nifty India Consumption TRI
Fast Moving Consumer Goods	28.45%	27.02%
Consumer Services	19.85%	13.57%
Automobile And Auto Components	19.19%	26.39%
Consumer Durables	13.01%	10.71%
Telecommunication	9.56%	9.97%

*Mahindra Manulife Consumption Fund

Data as on January 30, 2026

Security	% to Net Assets
Bharti Airtel Limited	7.25%
Mahindra & Mahindra Limited	5.90%
ITC Limited	5.20%
Eternal Limited	4.68%
Hindustan Unilever Limited	4.34%
Titan Company Limited	4.07%
Bajaj Auto Limited	3.46%
Maruti Suzuki India Limited	3.39%
Tata Consumer Products Limited	2.62%
Avenue Supermarts Limited	2.44%
Total	43.35%

Turnover Ratio (Last 1 year)	0.26
Standard Deviation	14.05%
Beta	0.91
Sharpe Ratio#	0.64
Jenson's Alpha	-0.1359

#Risk-free rate assumed to be 5.53% (MIBOR as on 30-01-2026) - Source:www.mmda.org
Note: As per AMFI guidelines for factsheet, the ratios are calculated based on month rolling returns for last 3 years. Data as on January 30, 2026

Fresh Additions	Complete Exits
Security	Security
-	-

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 January 30, 2026

Investment Objective:
The investment objective of the Scheme is to generate long term capital appreciation by investing in a portfolio of companies that are likely to benefit from consumption led demand in India. However, there can be no assurance that the investment objective of the Scheme will be achieved.

Fund Manager:

Mr. Navin Matta
Total Experience : 19 years
Experience in managing this fund: 1 Year and 3 months (Managing since October 24, 2024)

Ms. Fatema Pacha
Total Experience : 18 years,
Experience in managing this fund: 5 years and 1 month (Managing since December 21, 2020)

Date of allotment: November 13, 2018

Benchmark: Nifty India Consumption TRI

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

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

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

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

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

Minimum Amount for Redemption / Switch-outs: Rs. 1,000/- or 100 units or account balance, whichever is lower in respect of each Option.

Monthly AAUM as on January 30, 2026 (Rs. in Cr.): 534.42

Monthly AUM as on January 30, 2026 (Rs. In Cr.): 511.89

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.
IDCW: Income Distribution cum Capital Withdrawal

^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 13-Nov-18.
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. Navin Matta is managing this scheme since October 24, 2024. Ms. Fatema Pacha is managing this scheme since December 21, 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: 13-Nov-2018.
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. Navin Matta manages 2 schemes and Ms. Fatema Pacha manages 8 schemes of Mahindra Manulife Mutual Fund. The performance data for the schemes which have not completed one year has not been provided.
Note: As January 31, 2026 was a non-business days, the schemes returns disclosed are as on January 30, 2026, except for Mahindra Manulife Liquid Fund and Mahindra Manulife Overnight Fund which is as of January 31, 2026.