Mahindra Manulife Short Duration Fund Direct Growth
Debt
Direct
Short Duration
NAV as on 14-11-2024
₹ 12.56
Inception Returns
6.3%
/yr
About Mahindra Manulife Short Duration Fund Direct Growth
Mahindra Manulife Short Duration Fund Direct Growth is a debt fund. This fund was started on 23 February, 2021. The fund is managed by Rahul Pal, Kush Sonigara. This fund is suitable to keep your money safe.
Key Parameters
- Mahindra Manulife Short Duration Fund Direct Growth has ₹67 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 Short Duration Fund Direct Growth has given a CAGR return of 6.31% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 8.92% and 6.45% respectively.
Holdings
Mahindra Manulife Short Duration Fund Direct Growth has allocated its funds majorly in Corporate, Government, Cash Equivalent. Its top holdings are 7.32% Govt Stock 2030, Godrej Properties Limited, Bajaj Housing Finance Limited, Godrej Industries Limited, Muthoot Finance Limited
Taxation
As it is a short 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 Short Duration Fund Direct Growth
The investment objective of the Scheme is to generate income and capital appreciation through an actively managed diversified portfolio of Debt & Money Market instruments such that the Macaulay duration of the portfolio is between 1 year to 3 years. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. 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 Short Duration Fund Direct Growth has no lock in period.
Historical NAV & Returns
Mahindra Manulife Short Duration Fund Direct Growth Overview
| Expense ratio | 0.29% |
Benchmark | CRISIL Short Term Bond Fund TR INR |
| AUM | ₹67 Cr |
| Inception Date | 23 February, 2021 |
| Min Lumpsum/SIP | ₹1000/₹500 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 216.5% |
| STCG | Selling 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 (14-Nov-24)
Fund Distribution
as on (31-Dec-69)
- AUM of the fund stands at 66.8 Cr as of Sep'24
- AUM increased by 3.1 Cr between Sep'24 and Aug'24
Top 2 Sectors in September were Corporate, Government
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 7.32% Govt Stock 2030 | 18.43% | -7.1% | |
Godrej Properties Limited | 5.98% | 0% | |
Bajaj Housing Finance Limited | 5.25% | 40% | |
Godrej Industries Limited | 4.53% | 0% | |
Mindspace Business Parks Reit | 4.52% | 0% |
Mahindra Manulife Short Duration Fund Direct Growth Highlights
Moderate Risk
About the fund
AUM size ₹67 Cr
Expense Ratio 0.29%
Frequently Asked Questions for Mahindra Manulife Short Duration Fund Direct Growth
Mahindra Manulife Short Duration Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.46% | 0.46% |
6 Month Returns | 4.49% | 4.49% |
1 Year Returns | 8.92% | 8.92% |
3 Years Returns | 20.61% | 6.45% |
5 Years Returns | 0% | 0% |
- 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 | 72.96 |
AA | 27.04 |