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 Oil & Gas, IT and FMCG vs the Scheme’s Benchmark
  
  
• Key Underweight sectors /Industries include Banks, Metals & Mining and Consumer Durables vs the Scheme’s Benchmark
  

Sector	MMLMCF*	NIFTY Large Midcap 250 TRI
Financial Services	18.85%	24.41%
Information Technology	12.12%	8.70%
Oil Gas & Consumable Fuels	10.96%	7.26%
Automobile And Auto Components	9.79%	7.91%
Fast Moving Consumer Goods	8.29%	5.42%

*Mahindra Manulife Large & Mid Cap Fund

Data as on July 31, 2024

Security	% to Net Assets
HDFC Bank Limited	4.96%
Reliance Industries Limited	4.79%
Indus Towers Limited	3.57%
Hindustan Unilever Limited	2.93%
Tata Consultancy Services Limited	2.87%
NTPC Limited	2.86%
Bharat Forge Limited	2.82%
Grasim Industries Limited	2.71%
Aurobindo Pharma Limited	2.69%
Wipro Limited	2.68%
Total	32.88%

Fresh Additions	Complete Exits
Security	Security
Bandhan Bank Limited	Apar Industries Limited
Bayer Cropscience Limited	Bharat Heavy Electricals Limited
Bharat Petroleum Corporation Limited	Canara Bank
Colgate Palmolive (India) Limited	Cipla Limited
Emcure Pharmaceuticals Limited	Coal India Limited
ITC Limited	Hindustan Petroleum Corporation Limited
Kalpataru Projects International Limited	ICICI Bank Limited
Kaynes Technology India Limited	Jio Financial Services Limited
L&T Finance Limited	K.P.R. Mill Limited
LTIMindtree Limited	NMDC Limited
Multi Commodity Exchange of India Limited	Power Mech Projects Limited
NLC India Limited	Shriram Finance Limited
Oil & Natural Gas Corporation Limited	Tata Power Company Limited
PCBL Limited	Tech Mahindra Limited
Persistent Systems Limited	The Jammu & Kashmir Bank Limited
PI Industries Limited	Titagarh Rail Systems Limited
Technocraft Industries (India) Limited
The Federal Bank Limited
The Great Eastern Shipping Company Limited
Zomato 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 July 31, 2024

Turnover Ratio (Last 1 year)	1.59
Standard Deviation	13.32%
Beta	0.91
Sharpe Ratio#	1.07
Jenson's Alpha	-0.0478

#Risk-free rate assumed to be 6.55% (MIBOR as on 31-07-24) - 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 July 31, 2024

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:

Mr. Manish Lodha
Total Experience : 23 years
Experience in managing this fund: 3 years and 7 months (Managing since December 21, 2020)

Mr. Abhinav Khandelwal
Total Experience : 14 years,
Experience in managing this fund:2 years and 6 months (Managing since February 1, 2022)

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 July 31, 2024 (Rs. in Cr.): 2,441.11

Monthly AUM as on July 31, 2024 (Rs. In Cr.): 2,490.90

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.

^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. Mr. Manish Lodha is managing this scheme since December 21, 2020. Mr. Abhinav Khandelwal is managing this scheme since February 1, 2022.

^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. ^$Dedicated Fund Manager for Overseas Investments.
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. Manish Lodha is managing 10 schemes and Mr. Abhinav Khandelwal is managing 6 schemes of Mahindra Manulife Mutual Fund. The performance data for the schemes which have not completed one year has not been provided.
Performance as on July 31, 2024