Mahindra Manulife Ultra Short Duration Fund Direct Growth

Mahindra Manulife Ultra Short Duration Fund Direct Growth

NAV as on 31-03-2025

₹ 1382.6

0.1%

1D

Inception Returns

6.1%

/yr

Historical NAV & Returns

Absolute

zero opening, trading, fund transfer fee
11 people have invested ₹ 2.6L in Mahindra Manulife Ultra Short Duration Fund Direct Growth in the last three months

About Mahindra Manulife Ultra Short Duration Fund Direct Growth

Mahindra Manulife Ultra Short Duration Fund Direct Growth is a debt fund. This fund was started on 18 October, 2019. The fund is managed by Rahul Pal, Amit Garg. This fund is suitable to keep your money safe.

Key Parameters

  1. Mahindra Manulife Ultra Short Duration Fund Direct Growth has ₹221 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.3.

Returns

Mahindra Manulife Ultra Short Duration Fund Direct Growth has given a CAGR return of 6.11% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.82%, 6.97% and 6.02% respectively.

Holdings

Mahindra Manulife Ultra Short Duration Fund Direct Growth has allocated its funds majorly in Corporate, Cash Equivalent, Government. Its top holdings are Small Industries Development Bank Of India, Power Finance Corporation Limited, Axis Bank Limited, National Bank For Agriculture And Rural Development, Rec Limited

Taxation

As it is a ultra 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:
Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.
Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.
Invested after 1 April 2023, capital gains will be taxed at your income slab rate.
Dividends will always be taxed at slab rate.

Investment objective of Mahindra Manulife Ultra Short Duration Fund Direct Growth

The investment objective of the Scheme is to generate regular income and capital appreciation through investment in a portfolio of short term debt & money market instruments such that the Macaulay duration of the portfolio is between 3 - 6 months. 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 Ultra Short Duration Fund Direct Growth has no lock in period.

Mahindra Manulife Ultra Short Duration Fund Direct Growth Overview

Expense ratio0.27%
Benchmark
CRISIL Liquid Fund TR INR
AUM₹221 Cr
Inception Date18 October, 2019
Min Lumpsum/SIP₹1000/₹500
Exit Load0%
Lock InNo Lock-in
TurnOver
173.53%
STCGSelling mutual fund within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Low to Moderate Risk

Trailing Returns

as on (31-Mar-25)

Period
Mahindra Manulife Ultra Short Duration Fund Direct Growth
Ultra Short Duration Index
1M
0.7%
0.5%
3M
2%
1.6%
6M
3.9%
3.2%
1Y
7.8%
6.6%
3Y
7%
6.2%
5Y
6%
5.4%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.7%

AAA
79.1%

AA
20.9%

Sector Allocation

Feb'25

Jan'25

Dec'24

Corporate
56.5%
Cash Equivalent
25.4%
Government
18.1%
All changes are between Oct'69 and Dec'69
Parameters
Feb'25
Jan'25
Dec'24
AUM
₹ 204.7 Cr
₹ 229.9 Cr
₹ 224.8 Cr
  • AUM of the fund stands at 204.7 Cr as of Feb'25
  • AUM decreased by 25.1 Cr between Feb'25 and Jan'25
Top Stocks bought last month
Small Industries Development Bank Of India's allocation increased from 2.13% to 6.65%
Small Industries Development Bank Of India's allocation increased from 2.13% to 6.65%
Power Finance Corporation Limited's allocation increased from 2.14% to 4.41%
Power Finance Corporation Limited's allocation increased from 2.14% to 4.41%
National Bank For Agriculture And Rural Development's allocation increased from 2.33% to 4.44%
National Bank For Agriculture And Rural Development's allocation increased from 2.33% to 4.44%
Top Stocks sold last month
Rural Electrification Corporation Limited's allocation decreased from 5.26 % to 2.23 %
Rural Electrification Corporation Limited's allocation decreased from 5.26 % to 2.23 %
Reliance Industries Limited's allocation decreased from 5.26 % to 2.23 %
Reliance Industries Limited's allocation decreased from 5.26 % to 2.23 %
HDFC Bank Limited's allocation decreased from 3.9 % to 2.23 %
HDFC Bank Limited's allocation decreased from 3.9 % to 2.23 %
Cash allocation has gone down from 43.5% to 39.5%
Cash allocation has gone down from 43.5% to 39.5%
Debt allocation has gone up from 56.2% to 60.2%
Debt allocation has gone up from 56.2% to 60.2%

Top 2 Sectors in February were Corporate, Government

Feb'25
Corporate
56%
Government
18%
Jan'25
Corporate
53%
Government
16%
  • Debt & Cash

Holdings
Weight%
1M Change
Small Industries Development Bank Of India
Small Industries Development Bank Of India
6.78%
0%
Power Finance Corporation Limited
Power Finance Corporation Limited
6.75%
0%
Axis Bank Limited
Axis Bank Limited
6.63%
0%
National Bank For Agriculture And Rural Development
National Bank For Agriculture And Rural Development
4.51%
0%
Rec Limited
Rec Limited
4.46%
0%
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Rahul Pal
Rahul Pal
Fund Manager of Mahindra Manulife Ultra Short Duration Fund Direct Growth, since 18 October 2019
Amit Garg
Amit Garg
Fund Manager of Mahindra Manulife Ultra Short Duration Fund Direct Growth, since 8 June 2020
Fund House
Mahindra Manulife Investment Management Pvt. Ltd.
Total AUM
₹27.55K Cr
as on 28-Feb-2025
Address
1st Floor, Sadhana House, Behind Mahindra Tower,570 P. B. Marg, Worli, Mumbai 400018
Phone
022-66327900
Website
mfinvestors@mahindra.com

Mutual Fund Insights

Insights icon
In the last 3 years, Nippon India Ultra Short Duration Fund Direct Growth Option has given 7.26% return, outperforming this fund by 0.29% per annum.
Insights icon
In the last 1 year, Nippon India Ultra Short Duration Fund Direct Growth Option has given 8% return, outperforming this fund by 0.19%.
Insights icon
Over the last 1 month, this fund has experienced a 5.8% growth in AUM moving from 208.55 Cr to 220.62 Cr.
Insights icon
This fund has one of the lowest expense ratio in the category (ultra short duration). Its expense ratio is 0.27% which is lower than the category average expense ratio of 0.56%.
Insights icon
In the last 5 years, Nippon India Ultra Short Duration Fund Direct Growth Option has given 7.23% return, outperforming this fund by 1.2% per annum.

Mahindra Manulife Ultra Short Duration Fund Direct Growth Highlights

Risk meter
pointer

Low to Moderate Risk

Investors understand that their principal will be at Low to Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 6.11% since inception which is less than its category average return of 7.81%
AUM size ₹221 Cr

AUM size ₹221 Cr

This fund has AUM of ₹221 Cr which is less than its category average of ₹ 3933 Cr
Expense Ratio 0.27%

Expense Ratio 0.27%

This fund has an expense ratio of 0.27% which is less than its category average expense ratio of 0.62%

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5Y CAGR

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3Y CAGR

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5Y CAGR

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Mahindra Manulife Liquid Fund Direct Plan Growth

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5Y CAGR

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Mahindra Manulife Overnight Fund Direct Growth

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5Y CAGR

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Frequently Asked Questions for Mahindra Manulife Ultra Short Duration Fund Direct Growth

The current NAV of Mahindra Manulife Ultra Short Duration Fund Direct Growth is ₹1382.6 as on 31-Mar-2025.
Existing (Absolute + CAGR) as on 31-Mar-2025.
Mahindra Manulife Ultra Short Duration Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.72%
0.72%
6 Month Returns
3.87%
3.87%
1 Year Returns
7.82%
7.82%
3 Years Returns
22.39%
6.97%
5 Years Returns
33.95%
6.02%
With INDmoney, the process of investing is very simple and involves zero commission.
  • 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.
0.27% as on March 2025
₹221 Cr as on March 2025
Small Industries Development Bank Of India(6.78%), Power Finance Corporation Limited(6.75%), Axis Bank Limited(6.63%), National Bank For Agriculture And Rural Development(4.51%), Rec Limited(4.46%) as on March 2025
Corporate(49.91%), Cash Equivalent(33.3%), Government(16.79%) as on March 2025
Yield to Maturity is 7.67 as on March 2025. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 0.45 as on March 2025. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
79.13
AA
20.87
Rahul Pal, Amit Garg are the fund managers of Mahindra Manulife Ultra Short Duration Fund Direct Growth
The Exit load of Mahindra Manulife Ultra Short Duration Fund Direct Growth is 0%