Rule based diversification for optimum performance in changing market cycles
	Aim to provide stability of large caps and growth of mid caps
	Active stock selection through internal process framework for better return potential

• A portfolio of market leaders and emerging leaders.
  
  
• The portfolio will aim to provide alpha through tactical allocations under changing market cycles
  

• Key Overweight sectors/Industries include Financial Services, Healthcare and Information Technology vs the Scheme’s Benchmark
  
• Key Underweight sectors /Industries include Capital Goods, Automobiles and Auto Components and Oil Gas & Consumable Fuels vs the Scheme’s Benchmark
  

Sector	MMLMCF*	NIFTY Large Midcap 250 TRI
Fast Moving Consumer Goods	31.02%	30.99%
Consumer Services	14.31%	6.45%
Automobile And Auto Components	11.34%	7.93%
Consumer Durables	7.11%	7.26%
Telecommunication	6.08%	8.50%

*Mahindra Manulife Large & Mid Cap Fund

Data as on January 30, 2026

Security	% to Net Assets
Indus Towers Limited	4.51%
ICICI Bank Limited	3.51%
Glenmark Pharmaceuticals Limited	3.30%
UltraTech Cement Limited	3.30%
HDFC Bank Limited	3.05%
State Bank of India	3.02%
Divi's Laboratories Limited	2.76%
Infosys Limited	2.72%
Reliance Industries Limited	2.62%
IndusInd Bank Limited	2.55%
Total	31.34%

Fresh Additions	Complete Exits
Security	Security
HDFC Bank Limited	Mahindra Manulife Liquid Fund -Direct Plan Growth
Larsen & Toubro Limited	Central Depository Services (India) Limited
-	Dabur India 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)	1.04
Standard Deviation	13.26%
Beta	0.91
Sharpe Ratio#	0.89
Jenson's Alpha	-0.0957

#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 seek long term capital growth through investments in equity and equity related securities of both large cap and mid cap stocks. However, there can be no assurance that the investment objective of the Scheme will be achieved.

Fund Manager:

Ms. Kirti Dalvi
Total Experience : 18 years
Experience in managing this fund: 2 months (Managing since December 2, 2025)

Date of allotment: December 30, 2019

Benchmark: NIFTY Large Midcap 250 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 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

Monthly AAUM as on January 30, 2026 (Rs. in Cr.): 2,760.76

Monthly AUM as on January 30, 2026 (Rs. In Cr.): 2,738.71

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: 30-Dec-19.
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. Ms. Kirti Dalvi is managing this scheme since December 2, 2025.

^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 30-Dec-19.
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. Kirti Dalvi is managing 2 schemes. 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.