Tax benefit with deduction under Section 80C of Income Tax Act, 1961*
	3-year lock-in period to maximise growth potential
	Potential Capital Appreciation through a diversified equity portfolio
*Assuming investor uses the entire ₹ 1.50 lac limit available under section 80C of the Income Tax Act 1961 for investing in Mahindra Manulife ELSS Fund. The tax benefit is calculated on the basis of current applicable tax rates under the old regime, ignoring marginal relief on surcharge, if any, for net taxable income between ₹ 50 lacs and ₹ 1 crore. The Finance Act 2020 has introduced a new income tax regime at concessional tax rates for individual taxpayers. However, the option for such concessional tax regime requires the taxpayer to forego certain solicited deductions including deduction u/s 80C of Income Tax Act. 1961. Please consult your financial / tax advisor before investing.

• A portfolio of companies with strong industry leadership and high moat.
  
  
• A well-diversified portfolio that looks to capture potential long term growth opportunities from across market caps.
  

• Key Overweight sectors/Industries include Financial Services, Consumer Durables and Information Technology vs the Scheme’s Benchmark
  
  
• Key Underweight sectors /Industries include Oil Gas & Consumable Fuels, Telecommunication and Healthcare vs the Scheme’s Benchmark
  

Sector	MMETSF*	Nifty 500 TRI
Fast Moving Consumer Goods	34.26%	32.12%
Consumer Services	11.43%	8.36%
Automobile And Auto Components	7.80%	2.59%
Consumer Durables	6.54%	7.68%
Telecommunication	6.10%	3.43%

*Mahindra Manulife ELSS Tax Saver Fund

Data as on January 30, 2026

Security	% to Net Assets
Bharti Airtel Limited	7.81%
Mahindra & Mahindra Limited	7.68%
ITC Limited	5.22%
Eternal Limited	4.97%
Hindustan Unilever Limited	3.71%
Titan Company Limited	3.64%
Bajaj Auto Limited	3.52%
Maruti Suzuki India Limited	2.98%
Tata Consumer Products Limited	2.87%
Avenue Supermarts Limited	2.83%
Total	45.23%

Fresh Additions	Complete Exits
Security	Security
NTPC Limited	Bharat Heavy Electricals Limited
Bandhan Bank Limited	Tata Motors Passenger Vehicles Limited
Dabur India Limited	-
Biocon 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 January 30, 2026

Turnover Ratio (Last 1 year)	0.55
Standard Deviation	11.83%
Beta	0.90
Sharpe Ratio#	0.76
Jenson's Alpha	-0.0724

#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.

Investment Objective:
The investment objective of the Scheme is to generate long term capital appreciation through a diversified portfolio of equity and equity related securities. The Scheme does not guarantee or assure any returns.

Fund Manager:

Ms. Fatema Pacha
Total Experience : 18 years
Experience in managing this fund: 5 years and 3 months (managing since October 16, 2020)

Date of allotment: October 18, 2016

Benchmark: Nifty 500 TRI

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

Minimum Application Amount: Rs. 500 and in multiples of Rs.500 thereafter

Minimum Additional Purchase Amount: Rs. 500 and in multiples of Rs. 500 thereafter

Minimum Repurchase Amount: Rs. 500 or 50 units or account balance, whichever is lower

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

Minimum Weekly & Monthly SIP Installments: 6

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

Minimum Quarterly SIP installments: 4

Monthly AAUM as on January 30, 2026 (Rs. in Cr.): 954.83

Monthly AUM as on January 30, 2026 (Rs. In Cr.): 938.26

Entry Load: Not applicable

Exit Load: Nil
IDCW: Income Distribution cum Capital Withdrawal

^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 18-Oct-16.
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. 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: 18-Oct-16.
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. Ms. Fatema Pacha manage 8 schemes each 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.