FACTSHEET November 2018

Transcription

1 NOVEMBER 208 For investment strategy and product labeling, refer page no. 2

2 DEBT MARKET OUTLOOK We have been advocating for a calibrated asset allocation into debt mutual funds. We have seen a sharp rise of corporate bond spreads in the past one year. We think that corporate spreads have started looking attractive looking at long term trends. We think in the future, corporate bond spreads may start consolidating and contracting providing a better risk reward payoff vis a vis the sovereigns. EQUITY MARKET OUTLOOK Overall, the second quarter results (FY9) have been fairly good, with aggregate sales and EBIDTA have risen 26.3% yoy and 3.6% yoy respectively for the NIFTY 50 companies. However, PAT has risen only 0.4% yoy, largely due to subdued profit growth in the sectors pertaining to the oil marketing, telecom and auto sectors. Overall valuations have become cheaper, and with investors getting more clarity on the earnings trajectory, we expect the future direction of the market to remain largely stock specific and earnings specific. Data Source: Bloomberg Scheme Ready Reference Mahindra Mutual Fund Kar Bachat Yojana Mahindra Dhan Sanchay Equity Savings Yojana Mahindra Mutual Fund Badhat Yojana Mahindra Liquid Fund Mahindra Low Duration Bachat Yojana Mahindra Unnati Emerging Business Yojana Mahindra Credit Risk Yojana Mahindra Rural Bharat And Consumption Yojana ELSS, Tax saving scheme Scheme with portfolio mix of equity, debt and arbitrage Diversified multi-cap multi-sector equity scheme Liquid Fund Low duration debt scheme Mid Cap equity scheme Debt scheme predominantly investing in AA and below rated corporate bonds Equity scheme following Rural India theme How to read Factsheet Fund Manager: An employee of the asset management company such as a mutual fund of the insurer, who manages investments of the scheme. He is usually part of larger team of fund managers and research analysts. Application Amount for fresh Subscription: This is the minimum investment amount for a new investor in mutual fund scheme. Minimum Additional Amount: This is the minimum investment amount for an existing investor in a mutual fund scheme. SIP: SIP or systematic investment plan works on the principle of making periodic investment of affixed sum. It works similar to a recurring bank deposit. For instance, an investor may opt for an SIP that invests Rs. 500 every 5th of the month in an equity fund for a period of three years. NAV: The NAV or the net asset value is the total asset value per unit of the mutual fund after deducting all related and permissible expenses. The NAV is calculated at the end of every business day. It is the value at which the investor enters or exits the mutual fund. Benchmark: A group of securities, usually a market index, whose performance is used as a standard or benchmark to measures investment performance of mutual funds, among other investments. Some typical benchmarks include the Nifty, Sensex, BSE 200, BSE 500, 0- year GSec. Entry Load: A mutual fund may have a sales charge or load at the time of entry and / or exit to compensate the distributor / agent. Entry load is charged at the time an investor purchases the units of a mutual fund. The entry load is added to the prevailing NAV at the time of investment. For instance, if the NAV is Rs. 00 and the entry load is %, the investor will enter the fund at Rs. 0. Note: SEBI, vide circular dated June 30, 2009 has abolished entry load and mandated that the upfront commission to distributors will be paid by the investor directly to the distributor, based on his assessment of various factors including the service rendered by the distributor. Exit load: Exit load is charged at the time an investor redeems the units of a mutual fund. The exit load is deducted from the prevailing NAV at the time of redemption. For instance, if the NAV is Rs. 00 and the exit load is %, the redemption price would be Rs. 99 per unit. Modified Duration: Modified duration is the price sensitivity and the percentage change in price for unit change in yield. Macaulay Duration: It measures the average time that would be taken to receive the cash flows from the invested instrument. It is the weighted average term to maturity of the cash flows from an instrument. Macaulay Duration is a measure of interest rate sensitivity of a fixed income instrument. Higher the Macaulay Duration, higher would be the interest rate risk. For a detailed understanding of calculations, please refer page no 24 of SID of Mahindra Low Duration Bachat Yojana. Standard Deviation: Standard Deviation is a statistical measure of the range of an investment s performance. When a mutual fund has a high standard deviation, its means its range of performance is wide, implying greater volatility. Sharpe Ratio: The Sharpe Ratio, named after its founder, the Nobel Laureate William Sharpe, is a measure of risk-adjusted returns. It is calculating using standard deviation and excess return to determine reward per unit of risk. Beta: Beta is a measure of an investment s volatility vis-à-vis the market. Beta of less than means that the security will be less volatile than the market. A beta of greater than implies that the security s price will be more volatile than the market. AUM: AUM or asset under management refers to the recent / updated cumulative market value of investments managed by a mutual fund or any investment firm. Holdings: The holdings or the portfolio is a mutual fund s latest or updated reported statement of investments/ Securities. These are usually displayed in terms of percentage to net assets or the rupee value or both. The objective is to give investors an idea of where their money is being invested by the fund manager. Nature of Scheme: The investment objective and underlying investments determine the nature of the mutual fund scheme. For instance, a mutual fund that aims at generating capital appreciation by investing in stock markets is an equity fund or growth fund. Likewise, a mutual fund that aims at capital preservation by investing in debt markets is a debt fund or income fund. Each of these categories may have sub-categories. Rating Profile: Mutual funds invest in securities after evaluating their creditworthiness as disclosed by the ratings. A depiction of the mutual fund in various investments based on their ratings becomes the rating profile of the fund. Typically, this is a feature of debt funds. Yield to Maturity: The Yield to Maturity or the YTM is the rate of return anticipated on a bond if held to maturity. YTM is expressed as an annual rate. The YTM factors in the bond s current market price, par value, coupon interest rate and time to maturity.

3 Long term capital appreciation Investment predominantly in equity and equity related securities (An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit) will be at moderately high risk 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. Potential Capital Appreciation: Scheme invests in a diversified equity portfolio thereby offering the investor, possibility of growing their investments. Tax Benefit: Investments in this scheme are entitled for tax deduction under section 80C. Possibility of saving upto Rs. 5,480/-*. Lock-in Feature: This feature endeavors to protect your investments from impact of short term market volatility. Lock-in of only 3 years! Other traditional tax savings options may have longer holding periods. * Assuming investor uses the entire Rs.50 lac limit available under section 80C of the Income Tax Act 96 for investing in Mahindra Mutual Fund Kar Bachat Yojana. The tax benefit is calculated on the basis of current applicable tax rate (ignoring marginal relief on surcharge, if any) for net taxable income between Rs 50 lacs and Rs crore. Please consult your financial / tax advisor before investing. Fund Manager: Mr V Balasubramanian Total Experience: 38 years Experience in managing this fund: 4 months (Managing since August, 208) PORTFOLIO STATS Portfolio Turnover Ratio: 0.88 PORTFOLIO ( Top Ten Holdings - wise) as on November 30, 208 Auto Maruti Suzuki India Limited Bajaj Auto Limited Auto Ancillaries Bosch Limited WABCO India Limited HDFC Bank Limited Kotak Mahindra Bank Limited State Bank of India Cement ACC Limited Grasim Industries Limited Larsen & Toubro Limited Consumer Non Durables ITC Limited Marico Limited Colgate Palmolive (India) Limited Procter & Gamble Hygiene and Health Care Limited Nestle India Limited GlaxoSmithKline Consumer Healthcare Limited Godrej Consumer Products Limited Asian Paints Limited VST Industries Limited Bajaj Limited Housing Development Corporation Limited CRISIL Limited Cholamandalam Investment and Company Limited Gas GAIL (India) Limited Industrial Capital Goods Lakshmi Machine Works Limited TD Power Systems Limited Industrial Products Grindwell Norton Limited Cummins India Limited SKF India Limited Non - Ferrous Metals Hindalco Industries Limited Pesticides Sharda Cropchem Limited Petroleum Products Reliance Industries Limited Indian Oil Corporation Limited Pharmaceuticals Aurobindo Pharma Limited Cadila Healthcare Limited Strides Pharma Science Limited Pfizer Limited Retailing Future Lifestyle Fashions Limited Software Oracle Financial Services Software Limited Tata Elxsi Limited Cyient Limited L&T Technology Services Limited Transportation Blue Dart Express Limited CASH & OTHER RECEIVABLES SECTOR ALLOCATION (%) as on November 30, 208 MARKET CAPITALISATION (%) as on November 30, 208 Date of allotment: October 8, 206 Benchmark: Nifty 200 Index Option: ( Option will have only Payout facility) and Application Amount: Rs. 500 and in multiples of Rs. 500 thereafter Additional Purchase Amount: Rs. 500 and in multiples of Rs. 500 thereafter Repurchase Amount: Rs. 500 or 50 units or account balance, whichever is lower Minimum Monthly SIP Amount: Rs 500 and in multiples of Rs 500 thereafter Minimum Monthly SIP installments: 6 Minimum Quarterly SIP Amount: Rs,500 and in multiples of Rs 500 thereafter Consumer Goods Automobile Cash & Cash Equivalents Pharma Industrial Manufacturing Energy IT Cement & Cement Products Metals Retailing Chemicals Transportation As per the Market Capitalisation data provided by AMFI (In line with the applicable SEBI guidelines) Large Cap 2.38-Mid Cap 6.78-Small Cap Minimum Quarterly SIP installments: 4 30, 208 (Rs. in Cr.): AUM as on November 30, 208 (Rs. in Cr.): Total Expense Ratio Regular Plan: 2.48% as on November 30, 208: Direct Plan: 0.56% Exit Load: Nil NAV AS ON November 30, 208: DIVIDEND HISTORY Record Date 0-Nov-7 0-Nov-7 Plan(s) / Option(s) Regular Direct Face Value Cum- NAV (Rs. per unit) Includes additional expenses charged in terms of Regulation 52(6A)(b) of SEBI (Mutual Funds) Regulations, 996 and Goods and Service Tax (Rs. per unit) Pursuant to payment of dividend, the NAV of the Option(s) of the Scheme/Plan(s) falls to the extent of payout and statutory levy, if any. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. For complete list of dividends, visit (Rs. per unit)

4 (An open ended scheme investing in equity, arbitrage and debt) will be at moderately high risk Long term capital appreciation and generation of income; Investment equity and equity related instruments, arbitrage opportunities and debt and money market instruments The Scheme seeks to generate long term capital appreciation and also income through investments in equity and equity related instruments, arbitrage opportunities and investments in debt and money market instruments. However, there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns. Potential capital appreciation and wealth accumulation through regular investments in the long term. Balances the risk of equity with investments in debt and derivative securities. Flexible Asset Allocation feature in dynamic market scenarios. Fund Manager (Equity): Mr. Srinivasan Ramamurthy Total Experience: years Experience in managing this fund: 4 months (Managing since August, 208) Fund Manager (Debt): Mr. Rahul Pal Total Experience: 7 years Experience in managing this fund: year 0 months (managing since February, 207) PORTFOLIO STATS Average Maturity^: 4.80 years Modified Duration^: 3.60 Yield to Maturity ^: 8.29% Portfolio Turnover Ratio: 3.25 ^For debt component Date of allotment: February, 207 Benchmark: 55% Nifty 50 Index + 30% Crisil Composite Bond Fund Index+5% Crisil Liquid Fund Index Option: ( Reinvestment, Payout) and Application Amount: Rs.,000/- and in multiples of Re. /- thereafter Additional Purchase Amount: Rs.,000/- and in multiples of Re. /- thereafter Repurchase Amount: Rs.,000/- or 00 units or account balance, whichever is lower Minimum Monthly SIP Amount: Rs 500 and in multiples of Re thereafter Minimum Monthly SIP Installments: 6 Minimum Quarterly SIP Amount: Rs,500 and in multiples of Re thereafter Minimum Quarterly SIP installments: 4 30, 208 (Rs. in Cr.): AUM as on November 30, 208 (Rs. in Cr.): Total Expense Ratio 2 as on November 30, 208: Regular Plan: 2.56% Direct Plan: 0.57% Exit Load: 0% of the units allotted shall be redeemed without any exit load, on or before completion of 2 months from the date of allotment of Units. Any redemption in excess of the above limit shall be subject to the following exit load: An exit load of % is payable if Units are redeemed/switched- out on or before completion of 2 months from the date of allotment of Units; Nil - If Units are redeemed / switched-out after completion of 2 months from the date of allotment of Units. NAV AS ON November 30, 208: PORTFOLIO Unhedged Equity Auto Maruti Suzuki India Limited Eicher Motors Limited Hero MotoCorp Limited Auto Ancillaries Apollo Tyres Limited Bosch Limited Motherson Sumi Systems Limited HDFC Bank Limited Axis Bank Limited State Bank of India Kotak Mahindra Bank Limited The Federal Bank Limited ICICI Bank Limited Cement Grasim Industries Limited Larsen & Toubro Limited Voltas Limited KEC International Limited Consumer Non Durables Hindustan Unilever Limited GlaxoSmithKline Consumer Healthcare Limited Tata Global Beverages Limited Ferrous Metals Tata Steel Limited Fertilisers Coromandel International Limited Housing Development Corporation Limited Muthoot Limited Shriram City Union Limited Power Corporation Limited Gas GAIL (India) Limited Petronet LNG Limited Industrial Products Finolex Cables Limited Media & Entertainment Sun TV Network Limited Minerals/Mining Coal India Limited Oil Oil & Natural Gas Corporation Limited Petroleum Products Reliance Industries Limited Bharat Petroleum Corporation Limited 5-Sep-7 5-Sep-7 5-Dec-7 5-Dec-7 2-Mar-8 2-Mar-8 ( Top Ten Holdings - wise) as on November 30, 208 Regular Direct Regular Direct Regular Direct SECTOR ALLOCATION (%) as on November 30, 208 MARKET CAPITALIZATION (%) as on November 30, 208 IT Energy Automobile Consumer Goods Pharma Power Metals Cement & Cement Products Telecom Chemicals Minerals/Mining Industrial Manufacturing Media & Entertainment DIVIDEND HISTORY Record Date Plan(s)/Option(s) (Rs. per unit) Pharmaceuticals Aurobindo Pharma Limited Cadila Healthcare Limited Sanofi India Limited Strides Pharma Science Limited Power Power Grid Corporation of India Limited NTPC Limited Software Infosys Limited Tata Consultancy Services Limited Wipro Limited Cyient Limited Telecom - Services Bharti Airtel Limited Unhedged Equity Total Hedged Equity Bharti Airtel Limited MindTree Limited The Karnataka Bank Limited Jain Irrigation Systems Limited Bank of India Tata Steel Limited Power Corporation Limited Reliance Industries Limited Union Bank of India Escorts Limited IDFC Limited NCC Limited Jindal Steel & Power Limited IDFC Bank Limited Punjab National Bank Multi Commodity Exchange of India Limited Raymond Limited Hedged Equity Total Equity and Equity Related Total (Rs. per unit) (Rs. per unit) Face Value Cum- NAV Yield to maturity should not be construed as minimum return offered by the Scheme; 2 Includes additional expenses charged in terms of Regulation 52(6A)(b) and 52(6A)(c) of SEBI (Mutual Funds) Regulations, 996 and Goods and Service Tax Rating Pursuant to payment of dividend, the NAV of the Option(s) of the Scheme/Plan(s) falls to the extent of payout and statutory levy, if any. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. For complete list of dividends, visit CORPORATE BOND Coastal Gujarat Power Limited REC Limited Reliance Capital Limited Housing Development Corporation Limited National Bank For Agriculture and Rural Development Muthoot Limited Indian Railway Corporation Limited Power Corporation Limited GOVERNMENT BOND 7.7% GOI (MD 08/0/2028) 6.68% GOI (MD 7/09/203) Cash & Cash Equivalents Margin Fixed Deposit Margin Fixed Deposit Total HDFC Bank Limited Cash & Net Receivables/(Payables) As per the Market Capitalisation data provided by AMFI (In line with the applicable SEBI guidelines) Large Cap Mid Cap Small Cap CARE AA(SO) CARE AA CRISIL AA SOV SOV

5 Medium to Long term capital appreciation Investment predominantly in equity and equity related securities including derivatives (Multi Cap Fund- An open ended equity scheme investing across large cap, mid cap, small cap stocks) will be at moderately high risk The investment objective of the Scheme is to provide medium to long term capital appreciation through appropriate diversification and taking low risk on business quality. The diversified portfolio would predominantly consist of equity and equity related securities including derivatives. However, there can be no assurance that the investment objective of the Scheme will be achieved. Prudent portfolio of investments across companies and sectors. Actively managed by professional fund managers for potential long term capital appreciation. Opportunity to participate in successful businesses through equity market. Fund Manager: Mr. Srinivasan Ramamurthy Total Experience: years Experience in managing this fund: 3 months (managing since September 0, 208) PORTFOLIO STATS Portfolio Turnover Ratio:.2 Date of allotment: May, 207 Benchmark: Nifty 200 Index Option: ( Option will have Reinvestment (D) & Payout facility) and (D) D-Default Application Amount: Rs.,000 and in multiples of Re. /- thereafter Additional Purchase Amount: Rs.,000 and in multiples of Re. /- thereafter PORTFOLIO ( Top Ten Holdings - wise) as on November 30, 208 Auto Maruti Suzuki India Limited Bajaj Auto Limited Auto Ancillaries Balkrishna Industries Limited Exide Industries Limited Sundram Fasteners Limited WABCO India Limited Sundaram Clayton Limited HDFC Bank Limited ICICI Bank Limited State Bank of India Kotak Mahindra Bank Limited City Union Bank Limited IndusInd Bank Limited Bank of Baroda Cement HeidelbergCement India Limited JK Cement Limited Larsen & Toubro Limited Consumer Durables Crompton Greaves Consumer Electricals Limited Relaxo Footwears Limited Consumer Non Durables ITC Limited Procter & Gamble Hygiene and Health Care Limited GlaxoSmithKline Consumer Healthcare Limited Godrej Industries Limited Jubilant Foodworks Limited Housing Development Corporation Limited Cholamandalam Investment and Company Limited Max Financial Services Limited Bajaj Limited Ujjivan Financial Services Limited Gas Petronet LNG Limited Mahanagar Gas Limited Industrial Capital Goods Thermax Limited Industrial Products Cummins India Limited AIA Engineering Limited Supreme Industries Limited KEI Industries Limited Media & Entertainment Sun TV Network Limited Non - Ferrous Metals Hindalco Industries Limited Pesticides UPL Limited Petroleum Products Reliance Industries Limited Bharat Petroleum Corporation Limited Pharmaceuticals Aurobindo Pharma Limited Abbott India Limited Strides Pharma Science Limited Power NTPC Limited Retailing Trent Limited Software Infosys Limited L&T Technology Services Limited MphasiS Limited NIIT Technologies Limited Telecom - Services Bharti Airtel Limited Textile Products Page Industries Limited SRF Limited CASH & OTHER RECEIVABLES Redemption / Switch-outs: Rs.,000/- or 00 units or account balance, whichever is lower SECTOR ALLOCATION (%) as on November 30, 208 MARKET CAPITALIZATION (%) as on November 30, 208 Minimum Monthly SIP Amount: Rs 500 and in multiples of Re thereafter Minimum Monthly SIP Installments: 6 Minimum Quarterly SIP Amount: Rs,500 and in multiples of Re thereafter Minimum Quarterly SIP installments: 4 30, 208 (Rs. in Cr.): AUM as on November 30, 208 (Rs. in Cr.): Total Expense Ratio as on November 30, 208: Regular Plan: 2.70% Direct Plan: 0.56% Exit Load: An Exit Load of % is payable if Units are redeemed / switched-out upto year from the date of allotment; - Nil if Units are redeemed / switched-out after year from the date of allotment Cash & Cash Equivalents Consumer Goods Automobile IT Industrial Manufacturing Energy Pharma Cement & Cement Products Metals Textile Products Power Chemicals Telecom Retailing Media & Entertainment As per the Market Capitalisation data provided by AMFI (In line with the applicable SEBI guidelines) Large Cap Mid Cap Small Cap NAV AS ON November 30, 208: Includes additional expenses charged in terms of Regulation 52(6A)(b) and 52(6A)(c) of SEBI (Mutual Funds) Regulations, 996 and Goods and Service Tax. 4

6 Long term capital appreciation; Investment predominantly in equity and equity related securities including derivatives of mid cap companies. (Mid Cap Fund An open ended equity scheme predominantly investing in mid cap stocks) will be at moderately high risk 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. 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 Fund Manager (Equity): Mr V Balasubramanian Total Experience: 38 years Experience in managing this fund: 4 months (managing since August, 208) Date of allotment: January 30, 208 Benchmark: S&P BSE Midcap Index Option: ( Option will have Reinvestment (D) & Payout facility) and (D) D-Default Application Amount: Rs.,000/- and in multiples of Re. /- thereafter Additional Purchase Amount: Rs.,000/- and in multiples of Re. /- thereafter Repurchase Amount: Rs.,000/- or 00 units or account balance, whichever is lower Minimum Monthly SIP Amount: Rs 500 and in multiples of Re thereafter Minimum Monthly SIP Installments: 6 Minimum Quarterly SIP Amount: Rs,500 and in multiples of Re thereafter Minimum Quarterly SIP installments: 4 30, 208 (Rs. in Cr.): AUM as on November 30, 208 (Rs. in Cr.): Total Expense Ratio Regular Plan: 2.66% as on November 30, 208: Direct Plan: 0.55% Exit Load: - An Exit Load of % is payable if Units are redeemed / switched-out upto year from the date of allotment; Nil if Units are redeemed / switched-out after year from the date of allotment. PORTFOLIO Auto Bajaj Auto Limited Auto Ancillaries WABCO India Limited Exide Industries Limited Endurance Technologies Limited Bosch Limited MRF Limited Sundram Fasteners Limited IndusInd Bank Limited Kotak Mahindra Bank Limited ICICI Bank Limited Cement The Ramco Cements Limited ACC Limited Chemicals Tata Chemicals Limited Commercial Services 3M India Limited Construction Godrej Properties Limited Cera Sanitaryware Limited Voltas Limited Consumer Durables Whirlpool of India Limited Relaxo Footwears Limited Consumer Non Durables Godrej Industries Limited GlaxoSmithKline Consumer Healthcare Limited Jubilant Foodworks Limited Tata Global Beverages Limited Gillette India Limited Procter & Gamble Hygiene and Health Care Limited Colgate Palmolive (India) Limited Berger Paints (I) Limited Akzo Nobel India Limited Ferrous Metals Tata Steel Limited Fertilisers Coromandel International Limited ( Top Ten Holdings - wise) as on November 30, Bajaj Limited Sundaram Limited Cholamandalam Investment and Company Limited Gruh Limited CRISIL Limited Hotels, Resorts And Other Recreational Activities The Indian Hotels Company Limited Industrial Capital Goods ABB India Limited Thermax Limited Honeywell Automation India Limited Industrial Products Schaeffler India Limited Supreme Industries Limited Grindwell Norton Limited Cummins India Limited AIA Engineering Limited Finolex Cables Limited Pesticides Bayer Cropscience Limited Pharmaceuticals Glenmark Pharmaceuticals Limited Divi's Laboratories Limited Sanofi India Limited Abbott India Limited Alembic Pharmaceuticals Limited Power Torrent Power Limited Retailing Aditya Birla Fashion and Retail Limited Trent Limited Services Thomas Cook (India) Limited Software MphasiS Limited Cyient Limited Transportation Blue Dart Express Limited CASH & OTHER RECEIVABLES SECTOR ALLOCATION (%) as on November 30, 208 MARKET CAPITALISATION (%) as on November 30, 208 Consumer Goods Industrial Manufacturing Automobile Pharma Chemicals Services IT Cement & Cement Products Construction Retailing Metals Transportation Power As per the Market Capitalisation data provided by AMFI (In line with the applicable SEBI guidelines) 7.06-Large Cap Mid Cap 2.26-Small Cap NAV AS ON November 30, 208: Includes additional expenses charged in terms of Regulation 52(6A)(b) and 52(6A)(c) of SEBI (Mutual Funds) Regulations, 996 and Goods and Service Tax. 5

7 The investment objective of the Scheme is to provide long-term capital appreciation by investing predominantly in equity and equity related instruments of entities engaged in and/ or expected to benefit from the growth in rural India. However, there can be no assurance that the investment objective of the Scheme will be achieved. (An open ended equity scheme following Rural India theme) PORTFOLIO ( Top Ten Holdings - wise) as on November 30, 208 Auto TVS Motor Company Limited Bajaj Auto Limited Mahindra & Mahindra Limited will be at high risk Long term capital appreciation; Investment predominantly in equity and equity related securities including derivatives of entities engaged in and/ or expected to benefit from the growth in rural India Invests in segments with strongest contribution potential to India s growing GDP Focuses on segments largely insulated from global volatility Captures under-penetration opportunities in rural India Fund Manager: Mr V Balasubramanian Total Experience: 38 years Experience in managing this fund: month (managing since November 3, 208) Date of allotment: November 3, 208 Benchmark: Nifty 200 Index Option: and ( Reinvestment, Payout) Application Amount: Rs.,000 and in multiples of Re. /- thereafter Additional Purchase Amount: Rs.,000 and in multiples of Re. /- thereafter Minimum Monthly SIP Amount: Rs 500 and in multiples of Re thereafter Minimum Monthly SIP installments: 6 Minimum Quarterly SIP Amount: Rs,500 and in multiples of Re thereafter Minimum Quarterly SIP installments: 4 Minimum Amount for Switch in: Rs.,000/- and in multiples of Re. 0.0/- thereafter. Minimum Amount for Redemption / Switch-outs: Rs.,000/- or 00 units or account balance, whichever is lower in respect of each Option. 30, 208 (Rs. in Cr.): AUM as on November 30, 208 (Rs. in Cr.): Total Expense Ratio Regular Plan: 2.69% as on November 30, 208: Direct Plan: 0.79% Exit Load: An Exit Load of % is payable if Units are redeemed / switched-out upto year from the date of allotment; Nil if Units are redeemed / switched-out after year from the date of allotment Auto Ancillaries MRF Limited WABCO India Limited Chemicals Pidilite Industries Limited Larsen & Toubro Limited Consumer Durables Bata India Limited Cholamandalam Investment and Company Limited Mahindra & Mahindra Financial Services Limited CASH & OTHER RECEIVABLES SECTOR ALLOCATION (%) as on November 30, 208 Cash & Cash Equivalents 92. Automobile Chemicals 0.98 Consumer Goods MARKET CAPITALISATION (%) as on November 30, Large Cap 4.83-Mid Cap.5-Small Cap NAV AS ON November 30, 208: As per the Market Capitalisation data provided by AMFI (In line with the applicable SEBI guidelines) Includes additional expenses charged in terms of Regulation 52(6A)(b) of SEBI (Mutual Funds) Regulations, 996 and Goods and Service Tax. 2

8 will be at low risk Regular income over short term Investment in money market and debt instruments The Scheme seeks to deliver reasonable market related returns with lower risk and higher liquidity through a portfolio of money market and debt instruments. However, there is no assurance that the investment objective of the Scheme will be realized and the Scheme does not assure or guarantee any returns. Low volatility: Relatively safer during times of high market volatility as liquid funds usually invest in Commercial Papers, Certificate of Deposits, CBLO/ Repos and in short term debt instruments with maturity profile of not more than 9 days. Easy liquidity: Investors can invest in liquid funds even for a day. Cash Management Tool for treasuries of any size: Optimal utilization of idle cash for cash management purposes. Fund Manager: Mr. Rahul Pal Total Experience: 7 years Experience in managing this fund: 2 years, 5 months (managing since July 04, 206) PORTFOLIO STATS Average Maturity: Days Modified Duration: 0.06 Yield to Maturity : 7.63% PORTFOLIO ( Top Ten Holdings - wise) as on November 30, 208 CERTIFICATE OF DEPOSIT Axis Bank Limited IDFC Bank Limited IndusInd Bank Limited Indian Bank Ujjivan Small Bank Limited COMMERCIAL PAPER Gruh Limited Manappuram Limited Edelweiss Commodities Services Limited IIFL Facilities Services Limited Avenue Supermarts Limited Housing Development Corporation Limited Power Corporation Limited APL Apollo Tubes Limited Vedanta Limited STCI Limited Magma Fincorp Limited L&T Limited Rating ICRA A+ ICRA A+ CRISIL A+ FITCH A+ CRISIL A+ CRISIL A+ CRISIL A+ CRISIL A+ ICRA A+ CRISIL A+ CRISIL A+ ICRA A+ CRISIL A+ CRISIL A+ ICRA A+ CRISIL A+ ICRA A+ JM Financial Properties and Holdings Limited Tata Projects Limited Chambal Fertilizers & Chemicals Limited TATA Realty & Infrastructure Limited Hero Fincorp Limited Kotak Securities Limited Magma Housing Piramal Enterprises Limited Dalmia Cement (Bharat) Limited Muthoot HomeFin India Limited Tata Value Homes Limited Future Retail Limited JM Financial Limited L & T Housing Future Lifestyle Fashions Limited Aditya Birla Fashion and Retail Limited TREASURY BILL 59 Days CMB (MD 4/2/208) CASH & CASH EQUIVALENTS Rating ICRA A+ CRISIL A+ CRISIL A+ CRISIL A+ CRISIL A+ CRISIL A+ CRISIL A+ CRISIL A+ ICRA A+ ICRA A+ CARE A+ CARE A+ ICRA A+ ICRA A+ CARE A+ ICRA A+ SOV Date of allotment: July 4, 206 Benchmark: CRISIL Liquid Fund Index Option: (Daily and Weekly - Reinvestment) and Application Amount: Rs.,000/- and in multiples of Re. /- thereafter Additional Purchase Amount: Rs.,000/- and in multiples of Re. /- thereafter Repurchase / Redemption Amount: Rs.,000/- or unit or account balance, whichever is lower 30, 208 (Rs. in Cr.):,982.8 AUM as on November 30, 208 (Rs. in Cr.): 2,79.2 Total Expense Ratio 2 as on November 30, 208: Exit Load: Nil Regular Plan: 0.23% Direct Plan: 0.2% ASSET ALLOCATION (%) as on November 30, Commercial Paper Certificate Of Deposit Sovereign Cash & Cash Equivalents* RATING PROFILE as on November 30, AAA/A Sovereign Cash & Cash Equivalents* NAV AS ON November 30, 208:, ,8.532 Daily, , Weekly, , *Cash & Cash Equivalents includes Fixed Deposits, Cash & Current Assets and CBLO Yield to maturity should not be construed as minimum return offered by the Scheme 2 Includes additional expenses charged in terms of Regulation 52(6A)(b) and 52(6A)(c) of SEBI (Mutual Funds) Regulations, 996 and Goods and Service Tax. 6

9 Regular income over short term Investment in debt and money market instruments The investment objective of the Scheme is to provide reasonable returns, commensurate with a low to moderate level of risk and high degree of liquidity, through a portfolio constituted of money market and debt instruments. However, there is no assurance that the investment objective of the Scheme will be realized and the Scheme does not assure or guarantee any returns Positioned between liquid funds and short-term funds with respect to the risk-return matrix. Potentially better returns than that of liquid funds through strategic shifts in the maturity profile. Lower volatility through relatively lower duration than short term funds. Higher flexibility in asset allocation vis-à-vis liquid funds. Fund Manager: Mr. Rahul Pal Total Experience: 7 years Experience in managing this fund: year, 0 months (managing since February 5, 207) An open ended low duration debt scheme investing in instruments such that the Macaulay duration of the Portfolio is between 6 months and 2 months (Please refer page 29 of SID) PORTFOLIO CERTIFICATE OF DEPOSIT IndusInd Bank Limited COMMERCIAL PAPER Future Retail Limited Edelweiss Commodities Services Limited IIFL Facilities Services Limited JM Financial Products Limited CORPORATE BOND National Bank For Agriculture and Rural Development Reliance Capital Limited Cyquator Media Services Private Limited Reliance Jio Infocomm Limited ( Top Ten Holdings - wise) as on November 30, Rating CRISIL A+ CARE A+ CRISIL A+ ICRA A+ CRISIL A+ CARE AA 6.54 BWR A+(SO) 6.52 will be at moderately low risk ASSET ALLOCATION (%) as on November 30, 208 RATING PROFILE as on November 30, 208 Housing Development Corporation Limited L&T Limited Piramal Enterprises Limited Muthoot Limited Dalmia Cement (Bharat) Limited Power Grid Corporation of India Limited Power Corporation Limited IIFL Home Limited Small Industries Dev Bank of India CASH & CASH EQUIVALENTS *Investors should consult their financial Rating ICRA AAA ICRA AA CRISIL AA ICRA AA CRISIL AA CARE AAA PORTFOLIO STATS Average Maturity: 253 Days Modified Duration: 0.6 Yield to Maturity : 8.98% Macualay Duration: 8.04 months Date of allotment: February 5, 207 Benchmark: CRISIL Low Duration Debt Index Option: Reinvestment (Daily, weekly, Monthly), Payout (Monthly) and Application Amount: Rs.,000/- and in multiples of Re. /- thereafter Additional Purchase Amount: Rs.,000/- and in multiples of Re. /- thereafter Redemption / Switch-outs Amount: Rs.,000/- or unit or account balance, whichever is lower Minimum Monthly SIP Amount: Rs 500 and in multiples of Re thereafter Minimum Monthly SIP Installments: 6 Minimum Quarterly SIP Amount: Rs,500 and in multiples of Re thereafter Minimum Quarterly SIP installments: 4 30, 208 (Rs. in Cr.): 54.8 AUM as on November 30, 208 (Rs. in Cr.): Total Expense Ratio 2 as on November 30, 208: Exit Load: Nil Regular Plan:.0% Direct Plan: 0.30% Corporate Bond Commercial Paper Cash & Cash Equivalents* Certificate Of Deposit *Cash & Cash Equivalents includes Fixed Deposits, Cash & Current Assets and CBLO AA AAA/A Cash & Cash Equivalents* NAV AS ON November 30, 208: Daily Weekly Monthly Yield to maturity should not be construed as minimum return offered by the Scheme. 2 Includes additional expenses charged in terms of Regulation 52(6A)(b) and 52(6A)(c) of SEBI (Mutual Funds) Regulations, 996 and Goods and Service Tax. 7

10 The investment objective of the Scheme is to generate regular returns and capital appreciation by investing predominantly in AA and below rated corporate bonds, debt, government securities and money market instruments while maintaining the optimum balance of yield, safety and liquidity. However, there is no assurance that the investment objective of the Scheme will be realized and the Scheme does not assure or guarantee any returns. Optimum balance of safety, liquidity and yield Diversification of portfolio for investors with moderate risk appetite Alternative to traditional investment options and has potential to deliver better risk adjusted returns Indexation benefits for Long Term Capital Gains Taxes # # If the units are held for more than 36 months. Investors are advised to consult their financial/tax advisors before investing. Fund Manager: Mr Rahul Pal Total Experience: 7 years Experience in managing this fund: 3 months (managing since August 20, 208) (An open ended debt scheme predominantly investing in AA and below rated corporate bonds (excluding AA+ rated corporate bonds)) PORTFOLIO ( Top Ten Holdings - wise) as on November 30, 208 COMMERCIAL PAPER Tata Value Homes Limited Future Retail Limited CORPORATE BOND Dalmia Cement (Bharat) Limited Edelweiss Commodities Services Limited Cyquator Media Services Private Limited (Secured against pledge of equity shares of ZEE Entertainment Enterprises Ltd.) JM Financial Asset Reconstruction Company Limited Asirvad Microfinance Ltd Nayara Energry Limited Coastal Gujarat Power Limited IIFL Home Limited Sikka Ports and Terminals Limited Reliance Jio Infocomm Limited U.P. Power Corporation Limited Yes Bank Limited CASH & OTHER RECEIVABLES ASSET ALLOCATION (%) as on November 30,208 will be at moderate risk To generate regular returns and capital appreciation over medium term Investment predominantly in AA and below rated corporate bonds, debt, government securities and money market instruments while maintaining the optimum balance of yield, safety and liquidity Rating CARE A+ CARE A+ ICRA AA ICRA AA BWR A+(SO) ICRA AA- CRISIL A+ CARE AA CARE AA(SO) CRISIL AA CRISIL A+(SO) ICRA AA- PORTFOLIO STATS Average Maturity: 2.5 years Modified Duration: 2.0 Yield to Maturity : 0.07% Date of allotment: August 20, 208 Benchmark: NIFTY Credit Risk Bond Index Minimum Application / Additional Purchase Amount: Rs.,000 and in multiples of Re. /- thereafter. Minimum Amount for Switch in: Rs.,000/- and in multiples of Re. 0.0/- thereafter. Minimum Amount for Redemption / Switch-outs: Rs.,000/- or 00 units or account balance, whichever is lower in respect of each Option. Available Plans: Direct (D), Regular Available Options under each plan: (D), Available Sub-Options under Option: Discretionary (D), Quarterly Available Facilities under Option: Reinvestment (D), Payout D- Default 30, 208 (Rs. in Cr.): AUM as on November 30, 208 (Rs. in Cr.): Total Expense Ratio 2 as on November 30, 208: Regular Plan:.82% Direct Plan: 0.67% Exit Load: 0% of the units allotted shall be redeemed without any exit load, on or before completion of 2 months from the date of allotment of Units. Any redemption in excess of the above limit shall be subject to the following exit load: An exit load of % is payable if Units are redeemed / switched-out on or before completion of 2 months from the date of allotment of Units; Nil - If Units are redeemed / switched-out after completion of 2 months from the date of allotment of Units. Redemption /Switch-Out of Units would be done on First in First out Basis (FIFO) RATING PROFILE as on November 30, Commercial Paper Corporate Bond Cash & Cash Equivalents* AA AAA/A A Cash & Cash Equivalents* NAV AS ON November 30, 208: Quarterly *Cash & Cash Equivalents includes Fixed Deposits, Cash & Current Assets and CBLO Yield to maturity should not be construed as minimum return offered by the Scheme. 2 Includes additional expenses charged in terms of Regulation 52(6A)(b) and 52(6A)(c) of SEBI (Mutual Funds) Regulations, 996 and Goods and Service Tax. 8

11 Performance as on November 30, 208 Mahindra Liquid Fund - Managed by Rahul Pal Simple Annualised Returns (%) CAGR Returns (%) Value of Investment of 0,000* Scheme Name 7 Days 5 Days 30 Days Year Year (`) (`) Mahindra Liquid Fund - Reg - Mahindra Liquid Fund - Dir - Crisil Liquid Fund Index^ Crisil Yr T-Bill Index^^ ,728 0,743 0,745 0,644,775,85,786,68 NAV / Index Value (as on November 30, 208),77.5,8.5 3, , ^Benchmark ^^Additional Benchmark. CAGR Compounded Annual Rate. Inception/Allotment date: 04-Jul-6. 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.,000 invested at inception. The performance details provided above are of Option under Regular and Direct Plan. Different Plans i.e Regular Plan and Direct Plan under the scheme has different expense structure. The performance data for 3 years & 5 years period has not been provided, since scheme is in existence for less than 3 years.*based on standard investment of Rs. 0,000 made at the beginning of the relevant period. Performance details of other scheme(s) managed by Mr. Rahul Pal (Mahindra Credit Risk Yojana) has not been provided as the scheme has not completed year. Mahindra Low Duration Bachat Yojana - Managed by Rahul Pal CAGR Returns (%) Value of Investment of 0,000* Scheme Name Year Year (`) (`) Mahindra Low Duration Bachat Yojana - Reg ,608,36 NAV / Index Value (as on November 30, 208),3.64 Mahindra Low Duration Bachat Yojana - Dir ,74,334,33.38 Crisil Low Duration Debt Index^ ,72,302 5, Crisil Yr T-Bill Index^^ ,644,39 5, ^Benchmark ^^Additional Benchmark. CAGR Compounded Annual Rate. Inception/Allotment date: 5-Feb-7. 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.,000 invested at inception. The performance details provided above are of Option under Regular and Direct Plan. Different Plans i.e Regular Plan and Direct Plan under the scheme has different expense structure. The performance data for 3 years & 5 years period has not been provided, since scheme is in existence for less than 3 years. *Based on standard investment of Rs. 0,000 made at the beginning of the relevant period. Performance details of other scheme(s) managed by Mr. Rahul Pal (Mahindra Credit Risk Yojana) has not been provided as the scheme has not completed year. Mahindra Mutual Fund Kar Bachat Yojana - Managed by V. Balasubramanian CAGR Returns (%) Value of Investment of 0,000* Scheme Name Year Year (`) (`) Mahindra Mutual Fund Kar Bachat Yojana - Reg - Mahindra Mutual Fund Kar Bachat Yojana - Dir - Nifty 200 Index^ Nifty 50 Index ^^ ,45 9,35 0,335 0,782,207,773 2,64 2,884 NAV / Index Value (as on November 30, 208) , , ^Benchmark ^^Additional Benchmark. CAGR Compounded Annual Rate. Inception/Allotment date: 8-Oct-6. 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. 0 invested at inception. The performance details provided above are of Option under Regular and Direct Plan. Different Plans i.e Regular Plan and Direct Plan under the scheme has different expense structure. The performance data for 3 years & 5 years period has not been provided, since scheme is in existence for less than 3 years. *Based on standard investment of Rs. 0,000 made at the beginning of the relevant period. Mr. V. Balasubramanian is managing the Scheme since August, 208. Performance Details of other schemes managed by Mr V. Balasubramanian (Mahindra Unnati Emerging Business Yojana and Mahindra Rural Bharat and Consumption Yojana) have not been provided as the schemes have not completed year. Mahindra Mutual Fund Badhat Yojana - Managed by Srinivasan Ramamurthy CAGR Returns (%) Value of Investment of 0,000* Scheme Name Year Year (`) (`) Mahindra Mutual Fund Badhat Yojana - Reg - Mahindra Mutual Fund Badhat Yojana - Dir - Nifty 200 Index^ Nifty 50 Index^^ ,82 9,405 0,335 0,782 0,209 0,65,394,87 NAV / Index Value (as on November 30, 208) , , "^Benchmark ^^Additional Benchmark. CAGR Compounded Annual Rate. Inception/Allotment date: -May-7. 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. 0 invested at inception. The performance details provided above are of Option under Regular and Direct Plan. Different Plans i.e Regular Plan and Direct Plan under the scheme has different expense structure. The performance data for 3 years & 5 years period has not been provided, since scheme is in existence for less than 3 years.*based on standard investment of Rs. 0,000 made at the beginning of the relevant period. Mr Srinivasan Ramamurthy is managing the Scheme since September 0, 208. Mahindra Dhan Sanchay Equity Savings Yojana - Managed by Srinivasan Ramamurthy (Equity) and Rahul Pal (Debt) Scheme Name Mahindra Dhan Sanchay Equity Savings Yojana - Reg - Mahindra Dhan Sanchay Equity Savings Yojana - Dir - 55% Nifty 50 Index+ 30% Crisil Composite Bond Fund Index+5% Crisil Liquid Fund Index^ Nifty 50 Index ^^ Year Year (`) (`) CAGR Returns (%) Value of Investment of 0,000* ,694 9,94 0,74 0,782 0,785,242 2,509 2,807 NAV / Index Value (as on November 30, 208) , , ^Benchmark ^^Additional Benchmark. CAGR Compounded Annual Rate. Inception/Allotment date: -Feb-7. 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. 0 invested at inception. The performance details provided above are of Option under Regular and Direct Plan. Different Plans i.e Regular Plan and Direct Plan under the scheme has different expense structure. The performance data for 3 years & 5 years period has not been provided, since scheme is in existence for less than 3 years. *Based on standard investment of Rs. 0,000 made at the beginning of the relevant period. Mr. Srinivasan Ramamurthy is managing the equity portion of the Scheme since August,

12 SIP Performance - If you had invested Rs. 0,000 every month Year Year,20,000 2,0,000,20,000 2,0,000 Performance as on November 30, 208 Mahindra Low Duration Bachat Yojana Regular Plan Crisil Low Duration Debt Index^ Crisil Yr T-Bill Index^^,24,42 2,2, % 6.9% Direct Plan Crisil Low Duration Debt Index^ Crisil Yr T-Bill Index^^,24,797 2,23, % 7.24% ^Benchmark ^^Additional Benchmark. CAGR Compounded Annual Rate. Inception/Allotment date: 5-Feb-7. 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 year period are compounded annualized. For SIP returns, monthly investment of equal amounts invested on the st 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). Year Year,20,000 2,50,000,20,000 2,50,000 Mahindra Mutual Fund Kar Bachat Yojana Regular Plan Nifty 200 Index^ Nifty 50 Index^^,4,764 2,46, % -.20% Direct Plan Nifty 200 Index ^ Nifty 50 Index ^^,6,085 2,53,05 ^Benchmark ^^Additional Benchmark. CAGR Compounded Annual Rate. Inception/Allotment date: 8-Oct-6. 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 year period are compounded annualized. For SIP returns, monthly investment of equal amounts invested on the st 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). Regular Plan -6.00%.%,24,983 2,24,05,24,983 2,24,05,20,4 2,72,726,20,4 2,72,726 Mahindra Mutual Fund Badhat Yojana Nifty 200 Index ^ 7.82% 7.28% 7.82% 7.28% 0.22% 8.28% 0.22% 8.28%,24,525 2,22,662,24,525 2,22,662,22,898 2,79,270,22,898 2,79,270 Nifty 50 Index ^^ 7.09% 6.56% 7.09% 6.56% 4.52% 0.6% 4.52% 0.6% Year,20,000,80,000,4, %,20,4 0.22%,22, %,72, %,85,5 3.63%,89, % Year Year Year,20,000,80,000,20,000 2,0,000,20,000 2,0,000 ^Benchmark ^^Additional Benchmark. CAGR Compounded Annual Rate. Inception/Allotment date: -Feb-7. 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 year period are compounded annualized. For SIP returns, monthly investment of equal amounts invested on the st 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). Note: Pursuant to SEBI Circular no. SEBI/HO/IMD/DF3/CIR/P/208/04 dated Jan 4, 208, the performance of the schemes has been benchmarked to Total Return Index variant (wherever available) of their respective benchmark indices. Disclaimer The views expressed here in this document are for general information and reading purpose only and do not constitute any guidelines and recommendations on any course of action to be followed by the reader. No representation or warranty is made as to the accuracy, completeness or fairness of the information and opinions contained herein. The views are not meant to serve as a professional guide / investment advice / intended to be an offer or solicitation for the purchase or sale of any financial product or instrument or mutual fund units for the reader. This document has been prepared on the basis of publicly available information, internally developed data and other sources believed to be reliable. While utmost care has been exercised while preparing this document, Mahindra Asset Management Company Private Limited (Mahindra AMC) does not warrant the completeness or accuracy of the information and disclaims all liabilities, losses and damages arising out of the use of this information. The data/statistics given in the document are to explain general market trends in the securities market, it should not be construed as any research report/research recommendation. Readers of this document should rely on information /data arising out of their own investigations and advised to seek independent professional advice and arrive at an informed decision before making any investments. Neither Mahindra Mutual Fund, Mahindra AMC nor Mahindra Trustee Company Private Limited, its directors or associates shall be liable for any damages that may arise from the use of the information contained herein. Mahindra Asset Management Company Private Limited Registered Office: A Wing, 4th Floor, Mahindra Towers, Dr. G.M. Bhosale Marg, P.K. Kurne Chowk, Worli, Mumbai India CIN: U65900MH203PTC244758,5,445,75,874 Mahindra Dhan Sanchay Equity Savings Yojana Regular Plan,8,627 2,09,748 Direct Plan -6.97% -2.9% -2.2% -0.3%,20,030 2,4,9 Direct Plan 0.05% 2.4% Corporate Office: Sadhana House, st Floor, 570, P.B. Marg, Worli, Mumbai , India mfinvestors@mahindra.com Tel: Fax: Website: Toll free: Mutual Fund investments are subject to market risks, read all scheme related documents carefully 0,20,4,85,5 55% Nifty 50 Index + 30% Crisil Composite Bond Fund Index+5% Crisil Liquid Fund Index^,23,09 2,25, % 3.63% 4.85% 7.98% 55% Nifty 50 Index + 30% Crisil Composite Bond Fund Index+5% Crisil Liquid Fund Index^,23,09 2,25,429 Nifty 200 Index ^ ^Benchmark ^^Additional Benchmark. CAGR Compounded Annual Rate. Inception/Allotment date: -May-7. 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 year period are compounded annualized. For SIP returns, monthly investment of equal amounts invested on the st 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). 4.85% 7.98%,22,898,89,762,22,898 2,26,237,22,898 2,26,237 Nifty 50 Index ^^ Nifty 50 Index ^^ Nifty 50 Index ^^ 4.52% 6.87% 4.52% 8.40% 4.52% 8.40%