Selection of focused sustainable businesses from across sectors
	Potential to generate higher risk adjusted returns in the long term
	Active management of portfolio with primary investments in mid-caps

• A portfolio largely of market leaders in their respective product segments and focused-line businesses in larger markets that are likely to be tomorrow's large caps.
  
  
• A portfolio of companies with high growth potential and a robust balance sheet to support such growth.
  

• Key Overweight sectors/Industries include Automobile and Auto Components, Consumer Durables and Healthcare vs scheme benchmark.
  
  
• Key Underweight sectors /Industries include Financial Services, Information Technology and Capital Goods vs scheme benchmark.
  

Sector	MMMCF*	Nifty Midcap 150 TRI
Financial Services	25.79%	26.93%
Capital Goods	13.85%	14.03%
Healthcare	12.64%	8.44%
Automobile And Auto Components	10.84%	7.89%
Consumer Durables	5.80%	3.90%

*Mahindra Manulife Mid Cap Fund

Data as on November 30,2025

Security	% to Net Assets
Indian Bank	3.05%
Glenmark Pharmaceuticals Limited	3.00%
Max Financial Services Limited	2.69%
The Federal Bank Limited	2.52%
UNO Minda Limited	2.44%
AIA Engineering Limited	2.41%
IDFC First Bank Limited	2.39%
Piramal Finance Limited	2.36%
JK Cement Limited	2.28%
Union Bank of India	2.23%
Total	25.37%

Fresh Additions	Complete Exits
Security	Security
Equitas Small Finance Bank Ltd	Godrej Consumer Products Ltd
Radico Khaitan Ltd	-
-	-
-	-

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 November 30,2025

Turnover Ratio (Last 1 year)	0.69
Standard Deviation	15.52%
Beta	0.95
Sharpe Ratio#	1.16
Jenson's Alpha	0.0534

#Risk-free rate assumed to be 5.59% (MIBOR as on 28-11-25) - 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 November 28,2025

Investment Objective:
The investment objective of the Scheme is to seek to generate long term capital appreciation & provide long-term growth opportunities by investing in a portfolio constituted of equity & equity related securities and derivatives predominantly in mid cap companies. 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: 1 year (Managing since December 03, 2024)

Mr. Krishna Sanghavi
Total Experience : 27 years
Experience in managing this fund: 1 year and 1 month (Managing since October 24, 2024)

Mr. Manish Lodha
Total Experience : 23 years,
Experience in managing this fund: 4 years and 11 months (Managing since December 21, 2020)

^$Note: Pursuant to notice cum addendum no. 46/2025, Mr. Manish Lodha, Fund Manager – Equity and a Key Personnel of MMIMPL has resigned from the services of MMIMPL effective from December 02, 2025

Date of allotment: January 30, 2018

Benchmark: Nifty Midcap 150 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 Repurchase Amount: Rs. 1,000/- or 100 units or account balance, whichever is lower

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 November 30,2025(Rs. in Cr.): 4,229.51

Monthly AUM as on November 30,2025(Rs. In Cr.): 4,260.02

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-Jan-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. *Based on standard investment of Rs. 10,000 made at the beginning of the relevant period. Mr. Manish Lodha is managing this fund since December 21, 2020. Mr. Krishna Sanghavi is managing this fund since October 24, 2024. Ms. Kirti Dalvi is managing this fund since December 03, 2024
^$Note: Pursuant to notice cum addendum no. 46/2025, Mr. Manish Lodha, Fund Manager – Equity and a Key Personnel of MMIMPL has resigned from the services of MMIMPL effective from December 02, 2025

^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 30-Jan-18.
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. Krishna Sanghavi manages 6 schemes and Mr. Manish Lodha manages 10 schemes of Mahindra Manulife Mutual Fund. Ms. Kirti Dalvi manages 1 schemes of Mahindra Manulife Mutual Fund The performance data for the schemes which have not completed one year has not been provided.
Note: As November 29 & 30, 2025 was a non-business days, the schemes returns disclosed are as on November 28, 2025, except for Mahindra Manulife Liquid Fund and Mahindra Manulife Overnight Fund which is as of November 30, 2025.
^¢Note: Pursuant to notice cum addendum no. 45/2025, Fund Manager of the scheme has been changed with effect from December 02, 2025.
^$Note: Pursuant to notice cum addendum no. 46/2025, Mr. Manish Lodha, Fund Manager – Equity and a Key Personnel of MMIMPL has resigned from the services of MMIMPL effective from December 02, 2025
Note: The performance data of Mahindra Manulife Value Fund has not been provided as the scheme has not completed 1 year since inception. The said Scheme is managed by Mr. Krishna Sanghavi & Mr. Vishal Jajoo.