Scheme Ready Reference. Liquid Fund. How to read Factsheet

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2 MARCH 208 DEBT MARKET OUTLOOK The sharp downward movement in long term rates came in as a surprise. However, after this sharp downward movement, the long term rates can potentially consolidate at these levels. The markets will now increasingly look at the incoming data (inflation and tax revenues) to take the next directional move. However, what may help the downwards movement in the domestic interest rate is the possibility of a continued global risk off trade, thereby creating flows towards risk off assets like US Gilts. EQUITY MARKET OUTLOOK Midcap index has fallen by more than % in the last two months. Post this correction the midcap space of market has started to trade below +SD forward PE valuations. The probability of higher interest rate and a fear of trade war in developed market increases the propensity of volatility in flows towards emerging market, leading to higher volatility in markets. The Domestic Equity market is continuing to expect significant earnings pick up in next two years and the probability of that getting achieved is higher due to lower base effect (GST, Demon) and higher inflation (positive for earnings). In such scenarios generally market tends to reward companies who actually deliver earnings far ahead of expectation. So equities can be looked at stock specific and earnings specific. Net two months would be crucial for earnings in terms of FY8 full year numbers and the management commentary on the outlook they are seeing for the future Source: Bloomberg 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 Scheme Ready Reference 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 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, - 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. 0 and the entry load is %, the investor will enter the fund at Rs.. 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. 0 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. Total Expense Ratio: Weighted Average i.e. Total Expense of the month / average asset / number of days in month days in a year. 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 March 208 Riskometer This product is suitable for investors who are seeking* 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) Investors understand that their principal will be at moderately high risk * Investors should consult their financial advisers if in doubt about whether the product is suitable for them. INVESTMENT OBJECTIVE 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. FUND FEATURES 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. 53,820/-*. 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 is in the highest tax bracket and uses the entire Rs.5 lac limit available under Section 80C of Income Tax Act 96 for investing in only Mahindra Mutual Fund Kar Bachat Yojana. The tax benefit is calculated on the basis of currently applicable tax rate for gross total annual income of more than Rs Crore. Please consult your financial /tax advisor before investing. FUND MANAGER AND EXPERIENCE Fund Manager: Mr. Ratish Varier Total Experience: years Experience in managing this fund: 5 months (managing since October 8, 206) PORTFOLIO STATS Portfolio Turnover Ratio:.00 SCHEME DETAILS Date of allotment: October 8, 206 Benchmark: Nifty 200 Option: Dividend (Dividend Option will have only Dividend Payout facility) and Growth 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 Minimum Quarterly SIP installments: 4 Average AUM for the month ending March 3, 208 (Rs. in Cr.): Quarterly AAUM for the month ending March 3, 208 (Rs. In Cr.): AUM as on March 3, 208 (Rs. in Cr.): Expense Ratio : Load Structure: Entry Load: N.A. Exit Load: Nil Regular Plan 2 : 2.344% Direct Plan: % PORTFOLIO ( Top Ten Holdings - wise) as on March 3, 208 Auto Tata Motors Limited Maruti Suzuki India Limited Auto Ancillaries Motherson Sumi Systems Limited Bosch Limited WABCO India Limited Sundram Fasteners Limited HDFC Bank Limited State Bank of India ICICI Bank Limited Kotak Mahindra Bank Limited Bank of Baroda Cement JK Cement Limited Shree Cements Limited Somany Ceramics Limited Project Sadbhav Engineering Limited Consumer Durables Greenply Industries Limited Consumer Non Durables ITC Limited Marico Limited Emami Limited Procter & Gamble Hygiene and Health Care Limited Britannia Industries Limited Asian Paints Limited CCL Products (India) Limited Max Financial Services Limited SECTOR ALLOCATION as on March 3, 208 Automobile Consumer Goods Pharma Energy Cement & Cement Products Industrial Manufacturing IT Project Chemicals Cash & Cash Equivalents Healthcare Services Metals Transportation Textile Products Bajaj Limited Repco Home Limited Cholamandalam Investment and Company Limited Gas Petronet LNG Limited Healthcare Services Narayana Hrudayalaya Limited Industrial Capital Goods Cochin Shipyard Limited TD Power Systems Limited Non - Ferrous Metals Hindalco Industries Limited Pesticides Sharda Cropchem Limited Dhanuka Agritech Limited Petroleum Products Reliance Industries Limited Indian Oil Corporation Limited Pharmaceuticals Aurobindo Pharma Limited Cadila Healthcare Limited Strides Shasun Limited Future Lifestyle Fashions Limited Software Wipro Limited Cyient Limited Textile Products Arvind Limited Transportation Container Corporation of India Limited Grand Total DIVIDEND HISTORY Record Date Plan(s) / Option(s) Dividend Face Value Cum-Dividend NAV (Rs. per unit) (Rs. per unit) (Rs. per unit) -Nov-7 -Nov-7 Regular Dividend Direct Dividend Pursuant to payment of dividend, the NAV of the Dividend 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 NAV AS ON March 28, 208: NAV/Unit Regular Plan (In Rs.) Direct Plan (In Rs.) Growth Dividend Excludes GST on management fee accrued 2 In addition to the rates mentioned a proportionate charge in respect of sales beyond T-5 cities subject to maximum of 30 bps on daily net assets has been charged in this scheme 2

4 March 208 (An open ended scheme investing in equity, arbitrage and debt) Riskometer Investors understand that their principal will be at moderately high risk This product is suitable for investors who are seeking* Long term capital appreciation and generation of income; Investment equity and equity related instruments, arbitrage opportunities and debt and money market instruments * Investors should consult their financial advisers if in doubt about whether the product is suitable for them. INVESTMENT OBJECTIVE 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. FUND FEATURES 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 AND EXPERIENCE Fund Manager (Equity): Mr. Ratish Varier Total Experience: years Experience in managing this fund: year 2 months (managing since February, 207) Fund Manager (Debt): Mr. Rahul Pal Total Experience: 5 years Experience in managing this fund: year 2 months (managing since February, 207) PORTFOLIO STATS Average Maturity^: 5.28 years Modified Duration^: 3.57 Yield to Maturity ^: 7.52% Portfolio Turnover Ratio: 3.85 ^For debt component SCHEME DETAILS Date of allotment: February, 207 Benchmark: 55% Nifty Index + 30% Crisil Composite Bond Fund Index+5% Crisil Liquid Fund Index Option: Dividend (Dividend Reinvestment, Dividend Payout) and Growth 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 0 units or account balance, whichever is lower Minimum Monthly SIP Amount: Rs 500 and in Minimum Monthly SIP Installments: 6 Minimum Quarterly SIP Amount: Rs,500 and in Minimum Quarterly SIP installments: 4 Average AUM for the month ending March 3, 208 (Rs. in Cr.): Quarterly AAUM for the month ending March 3, 208 (Rs. In Cr.): AUM as on March 3, 208 (Rs. in Cr.): Expense Ratio 2 : Regular Plan 3 : % Direct Plan: % Load Structure: Entry Load: N.A. Exit Load: % 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 March 28, 208: NAV/Unit Regular Plan (In Rs.) Direct Plan (In Rs.) Growth Dividend PORTFOLIO Auto Tata Motors Limited Maruti Suzuki India Limited Eicher Motors Limited Auto Ancillaries Bosch Limited HDFC Bank Limited The Federal Bank Limited Bank of Baroda Cement JK Cement Limited Grasim Industries Limited Somany Ceramics Limited Consumer Non Durables Hindustan Unilever Limited GlaxoSmithKline Consumer Healthcare Limited CCL Products (India) Limited Max Financial Services Limited Housing Development Corporation Limited Muthoot Limited Repco Home Limited Healthcare Services Narayana Hrudayalaya Limited Industrial Capital Goods Cochin Shipyard Limited Media & Entertainment Entertainment Network (India) Limited D.B.Corp Limited Oil Oil & Natural Gas Corporation Limited Pesticides Dhanuka Agritech Limited Petroleum Products Reliance Industries Limited Bharat Petroleum Corporation Limited Pharmaceuticals Cadila Healthcare Limited Strides Shasun Limited Aurobindo Pharma Limited Lupin Limited Power NTPC Limited Power Grid Corporation of India Limited Future Retail Limited Software Cyient Limited Wipro Limited HCL Technologies 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 March 3, 208 Plan(s)/Option(s) Regular Dividend Direct Dividend Regular Dividend Direct Dividend Regular Dividend Direct Dividend SECTOR ALLOCATION as on March 3, 208 Automobile IT Consumer Goods Pharma Power Energy Media & Entertainment Telecom Industrial Manufacturing Cement & Cement Products Healthcare Services Chemicals DIVIDEND HISTORY Record Date (Rs. per unit) Telecom - Services Bharti Airtel Limited Unhedged Equity Total The South Indian Bank Limited IDFC Limited Housing Development and Infrastructure Limited NCC Limited Tata Global Beverages Limited Raymond Limited Multi Commodity Exchange of India Limited Punjab National Bank The Karnataka Bank Limited Steel Authority of India Limited GMR Infrastructure Limited Jaiprakash Associates Limited Jindal Steel & Power Limited Dewan Housing Corporation Limited IFCI Limited Indiabulls Housing Limited Jain Irrigation Systems Limited Escorts Limited DLF Limited Granules India Limited PTC India Limited Gujarat State Fertilizers & Chemicals Limited Hedged Equity Total Equity and Equity Related Total COMMERCIAL PAPER IIFL Wealth Limited India Infoline Limited CORPORATE BOND Rural Electrification Corporation Limited Reliance Capital Limited Housing Development Corporation Limited Tata Capital Housing Limited Power Corporation Limited Indian Railway Corporation Limited GOVERNMENT BOND 7.7% GOI (MD 08/0/2028) 6.79% GOI (MD 5/05/2027) 6.68% GOI (MD 7/09/203) STATE GOVERNMENT BOND 7.75% Karnatak SDL (MD 0/03/2027) Cash & Cash Equivalents Margin Fixed Deposit Margin Fixed Deposit Total Grand Total (Rs. per unit) (Rs. per unit) Dividend Face Value Cum-Dividend NAV Rating CARE AA+ CRISIL AA+ Pursuant to payment of dividend, the NAV of the Dividend 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 Yield to maturity should not be construed as minimum return offered by the Scheme; 2 Excludes GST on management fee accrued; 3 In addition to the rates mentioned a proportionate charge in respect of sales beyond T-5 cities subject to maximum of 30 bps on daily net assets has been charged in this scheme SOV SOV SOV SOV

5 March 208 Riskometer This product is suitable for investors who are seeking* 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) Investors understand that their principal will be at moderately high risk * Investors should consult their financial advisers if in doubt about whether the product is suitable for them. INVESTMENT OBJECTIVE 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. FUND FEATURES 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 AND EXPERIENCE Fund Manager: Mr. Ratish Varier Total Experience: years Experience in managing this fund: months (Managing since May, 207) SCHEME DETAILS Date of allotment: May, 207 Benchmark: Nifty 200 Option: Dividend (Dividend Option will have Dividend Reinvestment (D) & Dividend Payout facility) and Growth (D) D-Default Application Amount: Rs.,000 and in multiples of Re. /- thereafter Additional Purchase Amount: Rs.,000 and in multiples of Re. /- thereafter Redemption / Switch-outs: Rs.,000/- or 0 units or account balance, whichever is lower Minimum Monthly SIP Amount: Rs 500 and in Minimum Monthly SIP Installments: 6 Minimum Quarterly SIP Amount: Rs,500 and in Minimum Quarterly SIP installments: 4 PORTFOLIO ( Top Ten Holdings - wise) as on March 3, 208 Auto Tata Motors Limited Bajaj Auto Limited Auto Ancillaries Apollo Tyres Limited Exide Industries Limited Motherson Sumi Systems Limited Balkrishna Industries Limited Sundram Fasteners Limited WABCO India Limited Endurance Technologies Limited HDFC Bank Limited IndusInd Bank Limited Bank of Baroda State Bank of India Karur Vysya Bank Limited Yes Bank Limited Cement JK Cement Limited Dalmia Bharat Limited The India Cements Limited Chemicals Pidilite Industries Limited Somany Ceramics Limited IRB Infrastructure Developers Limited Cera Sanitaryware Limited Project Larsen & Toubro Limited Consumer Durables Havells India Limited Greenply Industries Limited Relaxo Footwears Limited Blue Star Limited Consumer Non Durables GlaxoSmithKline Consumer Healthcare Limited S H Kelkar and Company Limited Procter & Gamble Hygiene and Health Care Limited Cholamandalam Investment and Company Limited Housing Development Corporation Limited Muthoot Limited Max Financial Services Limited Bajaj Finserv Limited Multi Commodity Exchange of India Limited Bajaj Limited Gas Indraprastha Gas Limited Petronet LNG Limited Mahanagar Gas Limited Healthcare Services Narayana Hrudayalaya Limited Industrial Products IFGL Refractories Limited Media & Entertainment Sun TV Network Limited Non - Ferrous Metals Hindalco Industries Limited Vedanta Limited Oil Oil & Natural Gas Corporation Limited Pesticides PI Industries Limited Sharda Cropchem Limited Dhanuka Agritech Limited Petroleum Products Bharat Petroleum Corporation Limited Reliance Industries Limited Pharmaceuticals Strides Shasun Limited Future Retail Limited Trent Limited Services Thomas Cook (India) Limited Telecom - Services Bharti Airtel Limited Textile Products Trident Limited Page Industries Limited SRF Limited Transportation Container Corporation of India Limited Grand Total Average AUM for the month ending March 3, 208 (Rs. in Cr.): Quarterly AAUM for the month ending March 3, 208 (Rs. In Cr.): AUM as on March 3, 208 (Rs. in Cr.): Expense Ratio : Regular Plan 2 : % Direct Plan: % Load Structure: Entry Load: N.A. 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 NAV AS ON March 28, 208: NAV/Unit Regular Plan (In Rs.) Direct Plan (In Rs.) Growth Dividend SECTOR ALLOCATION as on March 3, 208 Automobile Consumer Goods Energy Cash & Cash Equivalents Textile Products Chemicals Cement & Cement Products Metals Pharma Project Media & Entertainment Healthcare Services Telecom Services Transportation Industrial Manufacturing Excludes GST on management fee accrued 2 In addition to the rates mentioned a proportionate charge in respect of sales beyond T-5 cities subject to maximum of 30 bps on daily net assets has been charged in this scheme

6 March 208 Riskometer This product is suitable for investors who are seeking* 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) Investors understand that their principal will be at moderately high risk * Investors should consult their financial advisers if in doubt about whether the product is suitable for them. 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 FEATURES 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 AND EXPERIENCE Fund Manager (Equity): Mr. Ratish Varier Total Experience: years Experience in managing this fund: 2 months (Managing since January 30, 208) SCHEME DETAILS Date of allotment: January 30, 208 Benchmark: S&P BSE Midcap Index Option: Dividend (Dividend Option will have Dividend Reinvestment (D) & Dividend Payout facility) and Growth (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 0 units or account balance, whichever is lower Minimum Monthly SIP Amount: Rs 500 and in Minimum Monthly SIP Installments: 6 Minimum Quarterly SIP Amount: Rs,500 and in Minimum Quarterly SIP installments: 4 Average AUM for the month ending March 3, 208 (Rs. in Cr.): Quarterly AAUM for the month ending March 3, 208 (Rs. In Cr.): AUM as on March 3, 208 (Rs. in Cr.): Expense Ratio : Regular Plan 2 : % Direct Plan: % Load Structure: Entry Load: N.A. 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 ( Top Ten Holdings - wise) as on March 3, 208 Auto Ancillaries 6.40 WABCO India Limited.93 Sundram Fasteners Limited.80 MRF Limited.78 Endurance Technologies Limited Bank of Baroda 2.09 Karur Vysya Bank Limited Kotak Mahindra Bank Limited IndusInd Bank Limited.87 IDFC Bank Limited.66 Cement 2.37 JK Cement Limited.73 The Ramco Cements Limited 0.64 Commercial Services.79 3M India Limited Godrej Properties Limited Prestige Estates Projects Limited.9 Kajaria Ceramics Limited.72 Cera Sanitaryware Limited.70 Project 3.67 GMR Infrastructure Limited 2.23 Engineers India Limited 0.77 Sadbhav Engineering Limited 0.67 Consumer Durables 3.9 Whirlpool of India Limited Relaxo Footwears Limited.22 Consumer Non Durables.7 Procter & Gamble Hygiene and Health Care Limited.96 Colgate Palmolive (India) Limited.96 Jubilant Foodworks Limited.82 GlaxoSmithKline Consumer Healthcare Limited.79 Avanti Feeds Limited.74 Varun Beverages Limited 0.75 Kansai Nerolac Paints Limited 0.66 KRBL Limited Dewan Housing Corporation Limited 2.95 Cholamandalam Investment and Company Limited 2.9 Bajaj Limited 2.0 Gruh Limited.52 Max Financial Services Limited 0.76 SECTOR ALLOCATION as on March 3, 208 Consumer Goods Industrial Manufacturing Pharma Automobile Energy Services IT Project Textile Products Cement & Cement Products Transportation Metals Power Media & Entertainment Gas Indraprastha Gas Limited Petronet LNG Limited Industrial Capital Goods Cochin Shipyard Limited Gujarat Fluorochemicals Limited Industrial Products Supreme Industries Limited Finolex Cables Limited AIA Engineering Limited Cummins India Limited Media & Entertainment Zee Media Corporation Limited Non - Ferrous Metals Hindalco Industries Limited Pharmaceuticals Eris Lifesciences Limited Glenmark Pharmaceuticals Limited Alembic Pharmaceuticals Limited Abbott India Limited Power Torrent Power Limited Future Retail Limited Future Lifestyle Fashions Limited Services Thomas Cook (India) Limited Software MphasiS Limited Cyient Limited Textile Products Arvind Limited SRF Limited Transportation InterGlobe Aviation Limited Equity Holdings Total Grand Total NAV AS ON March 28, 208: NAV/Unit Regular Plan (In Rs.) Direct Plan (In Rs.) Growth Dividend Excludes GST on management fee accrued 2 In addition to the rates mentioned a proportionate charge in respect of sales beyond T-5 cities subject to maximum of 30 bps on daily net assets has been charged in this scheme 5

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8 March 208 Riskometer Investors understand that their principal will be at low risk This product is suitable for investors who are seeking* Regular income over short term Investment in money market and debt instruments * Investors should consult their financial advisers if in doubt about whether the product is suitable for them. INVESTMENT OBJECTIVE 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. FUND FEATURES 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 AND EXPERIENCE Fund Manager: Mr. Rahul Pal Total Experience: 5 years Experience in managing this fund: year, 9 months (managing since July 04, 206) PORTFOLIO STATS Average Maturity: Days Modified Duration: 0.5 Yield to Maturity : 7.40% PORTFOLIO ( Top Ten Holdings - wise) as on March 3, 208 Rating CERTIFICATE OF DEPOSIT Axis Bank Limited ICICI Bank Limited Union Bank of India Bandhan Bank Limited The South Indian Bank Limited IDFC Bank Limited RBL Bank Limited COMMERCIAL PAPER National Bank For Agriculture and Rural Development Manappuram Limited Piramal Enterprises Limited Dalmia Cement (Bharat) Limited India Infoline Limited Dewan Housing Corporation Limited Edelweiss Commodities Services Limited Muthoot HomeFin India Limited Housing Development Corporation Limited IIFL Facilities Services Limited ASSET ALLOCATION as on March 3, 208 CARE A+ / CARE A+ CARE A+ Dalmia Bharat Sugar and Industries Limited Small Industries Dev Bank of India IL&FS Securities Services Limited SREI Equipment Limited IIFL Management Services Limited Network8 Media & Investments Limited Power Corporation Limited ECL Limited NRB Bearing Limited Reliance Jio Infocomm Limited Tata Motors Limited IIFL Wealth Limited CORPORATE BOND Housing Development Corporation Limited TREASURY BILL 9 Days Tbill (MD 05/04/208) 9 Days Tbill (MD 24/05/208) Grand Total Rating CARE A+ CARE A+ /CARE A+ SOV SOV SCHEME DETAILS Certificate Of Deposit Date of allotment: July 4, 206 Benchmark: CRISIL Liquid Fund Index Option: Dividend (Daily and Weekly - Reinvestment) and Growth 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 Average AUM for the month ending March 3, 208 (Rs. in Cr.): 2, Quarterly AAUM for the month ending March 3, 208 (Rs. In Cr.): 2,64.90 AUM as on March 3, 208 (Rs. in Cr.):, Expense Ratio 2 : Regular Plan: % Direct Plan: % Load Structure: Entry Load: N.A. Exit Load: Nil RATING PROFILE as on March 3, Sovereign Cash & Cash Equivalents* Commercial Paper Corporate Bond Sovereign Cash & Cash Equivalents* AAA/A+ NAV AS ON March 28, 208: NAV/Unit Regular Plan (In Rs.) Direct Plan (In Rs.) Growth Daily Dividend Weekly Dividend *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 Excludes GST on management fee accrued 6

9 March 208 Riskometer This product is suitable for investors who are seeking* Regular income over short term Investment in debt and money market instruments INVESTMENT OBJECTIVE 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 FUND FEATURES 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. 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 Bandhan Bank Limited RBL Bank Limited COMMERCIAL PAPER IIFL Wealth Limited IIFL Facilities Services Limited Edelweiss Commodities Services Limited SREI Equipment Limited JM Financial Products Limited Indiabulls Housing Limited ( Top Ten Holdings - wise) as on March 3, Investors understand that their principal will be at moderately low risk Rating *Investors should consult their financial advisers if in doubt about whether the product is suitable for them. CORPORATE BOND Reliance Capital Limited 7.97 Power Grid Corporation of India Limited 7.92 Housing Development Corporation Limited 7.9 Power Corporation Limited 3.98 NHPC Limited 3.97 National Bank For Agriculture and Rural Development 3.95 Tata Capital Housing Limited 3.95 Small Industries Dev Bank of India Grand Total 0.00 Rating CARE AA+ CARE AAA CRISIL AA+ CARE AAA FUND MANAGER AND EXPERIENCE Fund Manager: Mr. Rahul Pal Total Experience: 5 years Experience in managing this fund: month (Managing since February 5, 207) ASSET ALLOCATION as on March 3, 208 PORTFOLIO STATS Average Maturity: 0.52 years Modified Duration: 0.48 Yield to Maturity : 7.74% Macualay Duration: 6.2 months Commercial Paper.33 - Cash & Cash Equivalents*.74 - Certificate Of Deposit Corporate Bond SCHEME DETAILS Date of allotment: February 5, 207 Benchmark: CRISIL Liquid Fund Index Option: Dividend Reinvestment (Daily, weekly, Monthly), Dividend Payout (Monthly) and Growth 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 Minimum Monthly SIP Installments: 6 Minimum Quarterly SIP Amount: Rs,500 and in Minimum Quarterly SIP installments: 4 Average AUM for the month ending March 3, 208 (Rs. in Cr.): Quarterly AAUM as on March 3, 208 (Rs. in Cr.): RATING PROFILE as on March 3, Cash & Cash Equivalents*.92 - AA AAA/A+ *Cash & Cash Equivalents includes Fixed Deposits, Cash & Current Assets and CBLO AUM as on March 3, 208 (Rs. in Cr.): Expense Ratio 2 : Load Structure: Entry Load: N.A. Exit Load: Nil Regular Plan:.0900% Direct Plan: % NAV AS ON March 28, 208: NAV/Unit Regular Plan (In Rs.) Direct Plan (In Rs.) Growth, , Daily Dividend, , Weekly Dividend, , Monthly Dividend, Yield to maturity should not be construed as minimum return offered by the Scheme. 2 Excludes GST on management fee accrued 7

10 Performance as on March 28, 208 Mahindra Liquid Fund - Managed by Rahul Pal Simple Annualised Returns Value of Investment of,000* Scheme Name 7 Days 5 Days 30 Days Since Since Inception (`) Inception (`) Mahindra Liquid Fund - Dir - Growth Mahindra Liquid Fund - Reg - Growth Crisil Liquid Fund Index^ 9.06% 9.2%.% 7.75% 7.72% 7.97% 7.69% 7.60% 8.56% 6.87% 6.72% 6.84% 7.00% 6.85% 6.87%,687,672,684,250,222,225 NAV / Index Value (as on March 28, 208),24.37,2.59 2, Crisil Yr T-Bill Index^^ 4.2% 9.90% 9.49% 5.92% 6.39%,592,38 5, ^Benchmark ^^Additional Benchmark. CAGR Compounded Annual Growth 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 Growth 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.,000 made at the beginning of the relevant period. Mahindra Low Duration Bachat Yojana - Managed by Rahul Pal Value of Investment of,000* Scheme Name Mahindra Low Duration Bachat Yojana - Dir - Growth Mahindra Low Duration Bachat Yojana - Reg - Growth 7.2% 6.07% Since Inception 7.28% 6.23% (`),72,607 Since Inception (`),89,70 NAV / Index Value (as on March 28, 208),08.3,069.5 Crisil Liquid Fund Index^ 6.84% 6.87%,684,773 2, Crisil Yr T-Bill Index^^ 5.92% 6.04%,592,679 5, ^Benchmark ^^Additional Benchmark. CAGR Compounded Annual Growth 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 Growth 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.,000 made at the beginning of the relevant period. Mahindra Mutual Fund Kar Bachat Yojana - Managed by Ratish Varier Scheme Name Value of Investment of,000* Since Inception (`) Since Inception (`) Mahindra Mutual Fund Kar Bachat Yojana - Dir - Growth Mahindra Mutual Fund Kar Bachat Yojana - Reg - Growth Nifty 200 Index TRI^ 6.00% 3.50% 2.53% 2.7% 9.5% 3.4%,600,350,253,8,407 2,00 NAV / Index Value (as on March 28, 208) ,737.0 Nifty 50 TRI^^.86% 2.59%,86,875 3, ^Benchmark ^^Additional Benchmark. CAGR Compounded Annual Growth 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. invested at inception. The performance details provided above are of Growth 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.,000 made at the beginning of the relevant period. Performance details of other schemes managed by Mr. Ratish Varier (Mahindra Mutual Fund Badhat Yojana and Mahindra Unnati Emerging Business Yojana ) have not been provided as these schemes have not completed year. Mahindra Dhan Sanchay Equity Savings Yojana managed by Ratish Varier and Rahul Pal Scheme Name Value of Investment of,000* Since Inception (`) Since Inception (`) Mahindra Dhan Sanchay Equity Savings Yojana - Dir - Growth Mahindra Dhan Sanchay Equity Savings Yojana - Reg - Growth 55% Nifty Index TRI + 30% Crisil Composite Bond Fund Index+5% Crisil Liquid Fund Index^ Nifty 50 TRI ^^ 8.53% 6.07%.90%.86%.03% 7.5% 3.72% 5.40%,853,607,090,86,7,875,607,806 NAV / Index Value (as on March 28, 208) , , ^Benchmark ^^Additional Benchmark. CAGR Compounded Annual Growth 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. invested at inception. The performance details provided above are of Growth 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.,000 made at the beginning of the relevant period. Performance details of other schemes managed by Mr. Ratish Varier (Mahindra Mutual Fund Badhat Yojana and Mahindra Unnati Emerging Business Yojana ) have not been provided as these schemes have not completed year. 8

11 SIP Performance - If you had invested Rs.,000 every month SIP Investment Period Since Inception SIP Investment Period Since Inception SIP Investment Period Since Inception SIP Investment Period Since Inception SIP Investment Period Since Inception SIP Investment Period Since Inception Total Amount Invested,20,000,30,000 Total Amount Invested,20,000,30,000 Total Amount Invested,20,000 70,000 Total Amount Invested,20,000 70,000 Total Amount Invested,20,000,30,000 Total Amount Invested,20,000,30,000 Performance as on March 28, 208 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: U65900MH203PTC Mahindra Low Duration Bachat Yojana Regular Plan Crisil Liquid Fund Index^ Crisil Yr T-Bill Index^^ 23, % 24,449 7.% 23, % 34, % 35, % 34, % Direct Plan Crisil Liquid Fund Index^ Crisil Yr T-Bill Index^^ 24, % 24,449 7.% 23, % 35, % 35, % 34, % ^Benchmark ^^Additional Benchmark. CAGR Compounded Annual Growth 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. are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return). Mahindra Mutual Fund Kar Bachat Yojana Regular Plan Nifty 200 TRI^ Nifty 50 TRI^^ 6, % 23, % 23, % 7,606.28% 85, % 84,406.53% Direct Plan Nifty 200 TRI^ Nifty 50 TRI^^ 7, % 23, % 23, % 74, % 85, % 84,406.53% ^Benchmark ^^Additional Benchmark. CAGR Compounded Annual Growth 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. are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return). Mahindra Dhan Sanchay Equity Savings Yojana Regular Plan 55% Nifty Index TRI + 30% Crisil Composite Bond Fund Index+5% Crisil Liquid Fund Index^ 20,96 0.3% 25, % 30,999.35% 37, 9.7% Direct Plan 55% Nifty Index TRI + 30% Crisil Composite Bond Fund Index+5% Crisil Liquid Fund Index^ 2, % 25, % 32, % 37, 9.7% ^Benchmark ^^Additional Benchmark. CAGR Compounded Annual Growth 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. are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return). Note: TRI Total Return Index. Pursuant to SEBI Circular no. SEBI/HO/IMD/DF3/CIR/P/208/04 dated Jan 4, 208, the performance of the scheme has been benchmarked to Total Return variant of the benchmark index. Corporate Office: Sadhana House, st Floor, 570, P.B. Marg, Worli, Mumbai , India mfinvestors@mahindra.com Tel: Fax: Website: Toll free: ,54 35,3 23,54 35,3 Nifty 50 TRI^^ Nifty 50 TRI^^ Mutual Fund investments are subject to market risks, read all scheme related documents carefully 5.60% 6.95% 5.60% 6.95% 9

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