Mahindra Manulife Low Duration Fund Direct Growth
Debt
Direct
Low Duration
NAV as on 23-12-2024
₹ 1679.06
Inception Returns
6.8%
/yr
About Mahindra Manulife Low Duration Fund Direct Growth
Mahindra Manulife Low Duration Fund Direct Growth is a debt fund. This fund was started on 15 February, 2017. The fund is managed by Rahul Pal. This fund is suitable to keep your money safe.
Key Parameters
- Mahindra Manulife Low Duration Fund Direct Growth has ₹573 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.3.
Returns
Mahindra Manulife Low Duration Fund Direct Growth has given a CAGR return of 6.82% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.01%, 6.63% and 6.23% respectively.
Holdings
Mahindra Manulife Low Duration Fund Direct Growth has allocated its funds majorly in Corporate, Government, Cash Equivalent. Its top holdings are National Bank For Agriculture And Rural Development, Indusind Bank Ltd., Godrej Properties Limited, Shriram Finance Limited, Tata Realty And Infrastructure Limited
Taxation
As it is a low duration 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.
Investment objective of Mahindra Manulife Low Duration Fund Direct Growth
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.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 500.00. Mahindra Manulife Low Duration Fund Direct Growth has no lock in period.
Historical NAV & Returns
Mahindra Manulife Low Duration Fund Direct Growth Overview
| Expense ratio | 0.3% |
Benchmark | CRISIL Liquid Fund TR INR |
| AUM | ₹573 Cr |
| Inception Date | 15 February, 2017 |
| Min Lumpsum/SIP | ₹1000/₹500 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 139.89% |
| STCG | Selling mutual fund within 36 months, gains taxed at slab rates. |
| LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
| Risk |   Moderate Risk |
Trailing Returns
as on (23-Dec-24)
Fund Distribution
as on (31-Dec-69)
- AUM of the fund stands at 593.9 Cr as of Nov'24
- AUM increased by 15.2 Cr between Nov'24 and Oct'24
Top 2 Sectors in November were Corporate, Government
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 National Bank For Agriculture And Rural Development | 6.08% | 0% | |
Indusind Bank Ltd. | 5.06% | 100% | |
Godrej Properties Limited | 4.71% | 0% | |
Shriram Finance Limited | 4.39% | 0% | |
Tata Realty And Infrastructure Limited | 4.37% | 0% |
Mutual Fund Insights
Mahindra Manulife Low Duration Fund Direct Growth Highlights
Moderate Risk
About the fund
AUM size ₹573 Cr
Expense Ratio 0.3%
Frequently Asked Questions for Mahindra Manulife Low Duration Fund Direct Growth
Mahindra Manulife Low Duration Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.56% | 0.56% |
6 Month Returns | 3.93% | 3.93% |
1 Year Returns | 8.01% | 8.01% |
3 Years Returns | 21.25% | 6.63% |
5 Years Returns | 35.25% | 6.23% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
AAA | 67.75 |
AA | 32.25 |