Markets (Asset Allocation): Transitional crisis or uncertainties may create opportunities in the broader markets.
	Markets become cheaper, allowing for a potential increase to equity allocation across market caps in portfolio and vice versa.
	Sectors:Temporary changes such as price shocks in raw materials, international disruptions, government policies, regulatory changes etc.
	These factors may tend to hurt near term profitability and valuations without changing longer term dynamics of the sector.
	Individual Stocks: Short term issues (on pricing, demand-supply margins), management changes, regulatory matters and business turnarounds.
	Unlocking value through restructuring, mergers and acquisitions.

• Key Overweight sectors/Industries include Information Technology, Oil Gas and Automobile and Auto Components vs the Scheme’s Benchmark
  
  
• Key Underweight sectors /Industries include Fast Moving Consumer Goods, Healthcare and Financial Services Goods vs the Scheme’s Benchmark.
  

Sector	MMVF*	Nifty 500 TRI (First Tier Benchmark)
Financial Services	22.34%	30.89%
Automobile And Auto Components	12.94%	7.56%
Information Technology	10.71%	7.71%
Oil Gas & Consumable Fuels	10.37%	7.54%
Capital Goods	6.52%	6.13%

#For the equity portion
*Mahindra Manulife Value Fund

Data as on September 30, 2025

Security	% to Net Assets
Axis Bank Limited	4.16%
Tata Consultancy Services Limited	3.69%
Reliance Industries Limited	3.51%
Bajaj Auto Limited	3.19%
Infosys Limited	3.07%
State Bank of India	2.89%
Grasim Industries Limited	2.75%
Tech Mahindra Limited	2.45%
Tube Investments of India Limited	2.28%
Hero MotoCorp Limited	2.22%
Total	30.21%

Data as on September 30, 2025

Investment Objective:
The investment objective of the Scheme is to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity related instruments of companies which are undervalued (or are trading below their intrinsic value). However, there is no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee/indicate any returns

Fund Manager : Mr. Krishna Sanghavi
Total Experience: 27 years
Experience in managing this fund: 7 months (Managing since March 3, 2025)

Fund Manager : Mr. Vishal Jajoo
Total Experience: 17 years
Experience in managing this fund: 7 months (Managing since March 3, 2025)

Benchmark: Nifty 500 TRI (First Tier Benchmark)

Date of allotment: March 3, 2025

Plans: Regular & Direct

Options: Growth^₣; IDCW^₤

IDCW Sub-options: IDCW Reinvestment^₣ & IDCW Payout

Minimum Application Amount (Lumpsum): ₹ 1,000 and in multiples of ₹ 1/- thereafter

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

Minimum Application Amount (SIP) for weekly and monthly frequencies: 6 installments of ₹ 500 /- each and in multiples of ₹ 1/- thereafter

Minimum Application Amount (SIP) for quarterly frequency 4 installments of ₹ 1,500/- each and in multiples of ₹ 1/- thereafter

Monthly AAUM as on September 30, 2025 (Rs. in Cr.): 532.35

Quarterly AAUM as on September 30, 2025 (Rs. in Cr.): 497.98

Monthly AUM as on September 30, 2025 (Rs. in Cr.): 544.08

Entry Load: Not Applicable

Exit Load (as % of NAV): • An Exit Load of 0.5% is payable if Units are redeemed / switched-out up to 3 months from the date of allotment;
• Nil if Units are redeemed / switched-out after 3 months from the date of allotment.
Redemption /Switch-Out of Units would be done on First in First out Basis (FIFO).
For detailed load structure disclosure, please refer SID.
For further details on Systematic Investment Plan (SIP), kindly refer Statement of Additional Information.

^₤IDCW: Income Distribution cum Capital Withdrawal
^₣Default Option

For more details please refer SID/KIM available on our website www.mahindramanulife.com

^Benchmark ^^Additional Benchmark. Inception/Allotment date: 03-Mar-25.
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. Simple annualized returns have been provided as per the extant guidelines since the scheme has completed 6 months but not 1 year.

^Benchmark ^^Additional Benchmark. Inception/Allotment date: 03-Mar-25. 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. Vishal Jajoo manages 4 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 September 30, 2025.
Note: The performance data of Mahindra Manulife Banking & Financial Services Fund has not been provided as the scheme has not completed 1 year since inception. The said Scheme is managed by Mr. Vishal Jajoo & Mr. Chetan Sanjay Gindodia.