Debt
Direct
Liquid
NAV as on 05-09-2024
₹ 1622.05
Inception Returns
6.1%
/yr
Mahindra Manulife Liquid Fund Direct Growth is a debt fund. This fund was started on 4 July, 2016. The fund is managed by Amit Garg, Rahul Pal. This fund is suitable to keep your money safe.
Mahindra Manulife Liquid Fund Direct Growth has given a CAGR return of 6.09% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.46%, 6.13% and 5.38% respectively.
Mahindra Manulife Liquid Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Corporate, Government. Its top holdings are Kotak Mahindra Bank Ltd., 91 DTB 26092024, 6.18% Govt Stock 2024, Godrej Agrovet Limited, Godrej Properties Limited
As it is a liquid mutual fund the taxation is as follows:If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:For short term (less than 3 years) capital gains will be taxed at your income slab rate.For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.Dividends will always be taxed at slab rate.
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.
Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 0.00. Mahindra Manulife Liquid Fund Direct Growth has no lock in period.
Expense ratio | 0.15% |
Benchmark | CRISIL Liquid Fund TR INR |
AUM | ₹1417 Cr |
Inception Date | 4 July, 2016 |
Min Lumpsum/SIP | ₹1000/-- |
Exit Load | 0.0% |
Lock In | No Lock-in |
TurnOver | 656.93% |
STCG | Selling within 36 months, gains taxed at slab rates. |
LTCG | Holding over 3 years, gains taxed at 12.5% without indexation. |
Risk | Moderate Risk |
as on (05-Sep-24)
as on (31-Dec-69)
Top 2 Sectors in July were Corporate, Government
Mahindra Manulife Liquid Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.59% | 0.59% |
6 Month Returns | 3.71% | 3.71% |
1 Year Returns | 7.46% | 7.46% |
3 Years Returns | 19.53% | 6.13% |
5 Years Returns | 29.97% | 5.38% |
AAA | 97.3 |
AA | 2.7 |