Overview
Mahindra Manulife Ultra Short Duration Fund Direct Growth
Mahindra Mutual Fund
The Scheme seeks 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.
Investments in Mahindra Manulife Ultra Short Duration Fund Direct Growth are subject to market risks. Please read the offer document carefully before investing to understand the potential market risks and rewards.
Latest NAV
₹ 1390.6623
Fund Size (AUM)
₹217.41 Cr
Risk
Moderately Low (Risk rating: 2/10)
Minimum Investment
Lumpsum: ₹ 1000
SIP: ₹500
Launch Date
17-Oct-2019
Expense Ratio
0.28%
Exit Load
Nil
Benchmark
CRISIL Ultra Short Duration Debt A-I Index
Standard Deviation
0.45
History
Performance & Ratios
1-Year SIP Return
8.18%
3-Year SIP Return
7.69%
5-Year SIP Return
6.75%
Mean Return
-
Alpha
2.62
Beta
0.97
Sharpe Ratio
1.35
Sortino Ratio
1.2
Information Ratio
11.44
Returns
| 1Y | 3Y | 5Y | All Time | |
|---|---|---|---|---|
| Fund Returns | 7.91% | 7.09% | 6.04% | 5.89% |
| Category Average | 7.22% | 6.46% | 5.5% | N/A |
| Rank Within Category | 9 | 10 | 9 | N/A |
Holdings (29)
| Company | Sector | Instrument | Assets |
|---|---|---|---|
| Power Finance Corporation Ltd. | Financial | NCD | 6.86% |
| Axis Bank Ltd. | Financial | CD | 6.76% |
| National Bank For Agriculture & Rural Development | Financial | NCD | 4.59% |
| REC Ltd. | Financial | Debenture | 4.55% |
| Punjab National Bank | Financial | CD | 4.39% |
| Kotak Mahindra Bank Ltd. | Financial | CD | 4.36% |
| Shriram Finance Ltd | Financial | Bonds | 2.76% |
| Godrej Industries Ltd. | Consumer Staples | Debenture | 2.31% |
| Shriram Finance Ltd | Financial | Debenture | 2.31% |
| REC Ltd. | Financial | Bonds | 2.31% |
Holdings Analysis
Peer Comparison
Peer Comparison
| Fund Name | AUM (₹ Cr) | 1Y Return (%) | 3Y Return (%) | Expense Ratio (%) | Rating |
|---|---|---|---|---|---|
| Nippon India Ultra Short Duration Fund Direct Growth | 6497.63 | 8.11 | 7.38 | 0.38 | N/A |
| Axis Ultra Short Duration Fund Direct Growth | 4800.7 | 8.0 | 7.24 | 0.36 | N/A |
| ICICI Prudential Ultra Short Term Fund Direct Growth | 12673.77 | 7.92 | 7.22 | 0.39 | N/A |
| Sundaram Ultra Short Duration Fund Direct Growth | 1723.33 | 7.89 | 7.15 | 0.24 | N/A |
| UTI Ultra Short Duration Fund Direct Growth | 3142.9 | 7.92 | 7.09 | 0.37 | N/A |
SIP, STP & SWP Details
Systematic Investment Plan (SIP):
Frequency: Monthly
Min Amount: ₹ 500
Multiplier: 1
Systematic Transfer Plan (STP):
Frequency: MONTHLY
Dates: Any day of the month
Min Amount: ₹ 500
Min Installments: 6
Systematic Withdrawal Plan (SWP):
Frequency: MONTHLY
Dates: Any day of the month
Min Amount: ₹ 500
Min Installments: 2
AMC Details
Asset Management Company
Mahindra Mutual Fund
Mahindra Mutual Fund started their mutual fund on 04/02/2016 and its managing total assets of ₹2,241 Cr. Its ranked at 31 as per total assets at end of 30th Sep 2017. Mahindra Mutual Fund employs robust strategies to manage market risks, but investments remain subject to market risks. Please read the fund’s documentation for detailed risk management policies.
Mahindra is one of the leading brands in the country and has garnered trust of customers across the nation. Mahindra Asset Management Company Private Limited is a wholly owned subsidiary of Mahindra and Mahindra Financial Services Limited (MMFSL).
Mahindra provides various schemes across different market capitalization in various categories. It focuses mainly in the rural and semi-urban areas. The fact that Mahindra concentrates more on financially empowering masses in the rural area, makes it stand out in the mutual fund industry and it aspires to become the best financial service provider to people who live in semi-urban and rural areas.
The motto of the company is therefore unique because it not only wants to revolutionize the financial industry, it also aims at building a change within the community, by helping investors who do not hail from an urban set-up.
Launch Date
2016-02-04T00:00:00.487Z
Total AUM
₹ 4742.0 Cr
Address
1st Floor, Sadhana House, Behind Mahindra Tower, 570 P. B. Marg, Worli, Mumbai 400018
Phone
022-66327900
Website
Sub Type
Gilt
Sub Type Info
Invest predominantly in Government Securities(minimum 80% of total assets). They are relatively more risky than the other debt funds due to fluctuating interest rates.
Tax Impact
Returns are taxed as per your Income Tax slab.
Stamp Duty
0.005% (from July 1st, 2020)
Fund Manager Details
Compare with Another Fund
Mahindra Manulife Ultra Short Duration Fund Direct Growth
Mahindra Mutual Fund
You May Be Interested In
Axis Corporate Bond Fund Direct Growth
Corporate Bond
Axis Short Duration Fund Direct Growth
Short Duration
Tata Ultra Short Term Fund Direct Growth
Ultra Short Duration
UTI Medium to Long Duration Fund Direct Growth
Medium to Long Duration
DSP Liquidity Direct Growth
Liquid
PGIM India Dynamic Bond Direct Plan Growth
Dynamic Bond
Nippon India Money Market Fund Direct Growth
Money Market
Nippon India Credit Risk Fund Direct Growth
Credit Risk
Axis Gilt Fund Direct Plan Growth
Gilt
UTI Short Duration Direct Growth
Short Duration
Explore More Mutual Funds
Equity Mutual Funds - Top Equity Fund Picks
Explore top equity mutual funds to diversify your portfolio. Filter by NAV, fund size, and more to find the best equity funds.
Hybrid Mutual Funds - Top Hybrid Funds
Find top hybrid mutual funds for balanced growth. Filter by NAV, fund size, and risk to choose the best hybrid funds.
Commodities Mutual Funds
Explore commodities mutual funds for diversification. Filter by NAV and fund size to find the best commodity funds.
ELSS Mutual Funds - Top Tax-Saving Funds
Discover top ELSS mutual funds for tax savings and growth. Filter by NAV, fund size, and AMC to find the best ELSS funds.
Large Cap Equity Funds
Find top large cap equity funds. Filter by AMC, NAV, and fund size to choose the best funds.
Frequently Asked Questions
How is the overall rating calculated?
The overall rating for Mahindra Manulife Ultra Short Duration Fund Direct Growth is an aggregate score based on performance metrics (returns over 1, 3, and 5 years), risk-adjusted returns (Sharpe and Sortino ratios), and consistency relative to its category. Ratings are on a scale of 1 to 5, with 5 being the highest.
What are the top stocks of Mahindra Manulife Ultra Short Duration Fund Direct Growth?
The top stocks held by Mahindra Manulife Ultra Short Duration Fund Direct Growth include Power Finance Corporation Ltd., Axis Bank Ltd., National Bank For Agriculture & Rural Development.
Which industries does Mahindra Manulife Ultra Short Duration Fund Direct Growth invest in?
Mahindra Manulife Ultra Short Duration Fund Direct Growth primarily invests in the following industries: Financial, Consumer Staples, Construction.
Who are the fund managers of Mahindra Manulife Ultra Short Duration Fund Direct Growth?
The fund managers of Mahindra Manulife Ultra Short Duration Fund Direct Growth are Rahul Pal and Amit Garg.
How many years has the fund manager been managing Mahindra Manulife Ultra Short Duration Fund Direct Growth?
Rahul Pal:
Calculating...
Amit Garg:
Calculating...
What is the minimum investment for Mahindra Manulife Ultra Short Duration Fund Direct Growth?
The minimum investment for Mahindra Manulife Ultra Short Duration Fund Direct Growth is ₹1000 for lumpsum investments and ₹500 for SIPs.
What are the average 1-year returns for Mahindra Manulife Ultra Short Duration Fund Direct Growth?
Calculating...
What are the average 3-year returns for Mahindra Manulife Ultra Short Duration Fund Direct Growth?
Calculating...
What is the expense ratio of Mahindra Manulife Ultra Short Duration Fund Direct Growth, and how does it compare to its category?
The expense ratio of Mahindra Manulife Ultra Short Duration Fund Direct Growth is 0.28%. The average expense ratio for similar funds in the Debt is Calculating....