What kind of returns does Mahindra Manulife Ultra Short Duration Fund Direct IDCW Daily provide?

The Mahindra Manulife Ultra Short Duration Fund Direct IDCW Daily has been there from 17 Oct 2019 and the average annual returns provided by this fund is 7.00% since its inception.

How much expense ratio is charged by Mahindra Manulife Ultra Short Duration Fund Direct IDCW Daily?

The term Expense Ratio used for Mahindra Manulife Ultra Short Duration Fund Direct IDCW Daily or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio of Mahindra Manulife Ultra Short Duration Fund Direct IDCW Daily is 0.28% as of 16 Feb 2026...

What is the PE and PB ratio of Mahindra Manulife Ultra Short Duration Fund Direct IDCW Daily?

The PE ratio ratio of Mahindra Manulife Ultra Short Duration Fund Direct IDCW Daily is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

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Mahindra Manulife Ultra Short Duration Fund Direct IDCW Daily

Name: Mahindra Manulife Ultra Short Duration Fund Direct IDCW Daily
Brand: Mahindra Mutual Fund

Debt

Ultra Short Duration

Moderately Low Risk

+7.39%

3Y annualised

+0.05% 1D

All

NAV: 13 Feb '26

₹1,216.63

Min. SIP amount

Not Supported

Fund size

₹210.12 Cr

Expense ratio

0.28%

Holdings (23)

Name	Sector	Instruments	Assets
REC Ltd.	Financial	NCD	8.57%
Small Industries Devp. Bank of India Ltd.	Financial	Debenture	8.56%
Canara Bank	Financial	CD	8.12%
HDFC Bank Ltd.	Financial	CD	5.63%
Godrej Industries Ltd.	Consumer Staples	NCD	4.76%
Godrej Properties Ltd.	Construction	NCD	4.76%
ICICI Home Finance Company Ltd.	Financial	FRB	4.76%
Power Finance Corporation Ltd.	Financial	NCD	4.75%
Nuvama Wealth Finance Ltd.	Financial	CP	4.69%
Infina Finance Pvt. Ltd.	Financial	CP	4.68%
Bank Of Baroda	Financial	CD	4.67%
National Bank For Agriculture & Rural Development	Financial	Debenture	4.28%
360 ONE Wealth Ltd.	Financial	NCD	3.57%
Embassy Office Parks REIT	Construction	NCD	2.40%
Shriram Finance Ltd	Financial	Debenture	2.39%
Godrej Industries Ltd.	Consumer Staples	Debenture	2.38%
Tata Capital Housing Finance Ltd.	Financial	Bonds/NCD	2.38%
Power Finance Corporation Ltd.	Financial	Debenture	2.37%
Reserve Bank of India	Financial	T-Bills	2.34%
Reserve Bank of India	Financial	T-Bills	2.33%
Cholamandalam Investment and Finance Company Ltd.	Financial	CP	2.32%
JM Financial Services Pvt. Ltd.	Financial	CP	1.76%
Bajaj Housing Finance Ltd.	Financial	NCD	1.19%

See All

Minimum investments

Min. for 1st investment

Not Supported

Min. for 2nd investment

Not Supported

Min. for SIP

Not Supported

Returns and rankings

Annualised returns

Absolute returns

Name	1Y	3Y	5Y	All
Fund returns	+7.0%	+7.4%	+6.2%	+6.2%
Category average (Debt Ultra Short Duration)	+6.7%	+6.8%	+5.7%	--
Rank (Debt Ultra Short Duration)	16	13	14	--

Exit load, stamp duty and tax

Exit load

Nil

Stamp duty on investment: 0.005% (from July 1st, 2020)

from July 1st 2020

Tax implication

Returns are taxed as per your Income Tax slab.

Check past data

Compare similar funds

	Name	1Y	3Y	Fund Size(Cr)
	Mahindra Manulife Ultra Short Duration Fund Direct IDCW Daily	+7.00%	+7.39%	210.12
	HSBC Ultra Short Duration Fund Direct IDCW Daily	+7.00%	+7.33%	3,044.70
	Bandhan Ultra Short Duration Fund Direct IDCW Daily	+6.92%	+7.28%	3,566.24
	LIC MF Ultra Short Duration Fund Direct IDCW Daily	+6.89%	+7.11%	246.32
	WhiteOak Capital Ultra Short Duration Fund Direct IDCW Daily	+6.67%	+7.08%	550.34
Compare

Fund management

RP
Rahul Pal
Oct 2019 - Present
View details

Education

Mr. Pal is a B.Com (H) and Chartered Accountant.

Experience

Prior to joining Mahindra Manulife Mutual Fund, he has worked with Taurus AMC, Sundaram Mutual Fund and IDBI Mutual Fund.

Also manages these schemes

Mahindra Manulife Income Plus Arbitrage Active FOF Direct Growth

Mahindra Manulife Aggressive Hybrid Fund Direct Growth

Mahindra Manulife Liquid Fund Direct Growth

Mahindra Manulife Overnight Fund Direct Growth

Mahindra Manulife Ultra Short Duration Fund Direct Growth

Mahindra Manulife Arbitrage Fund Direct Growth

AG
Amit Garg
Jun 2020 - Present
View details

Education

Mr Garg is a B.Com, MMS Finance, CFA

Experience

Prior to joining Mahindra Manulife Investment Management Pvt. Ltd., he has worked with Darashaw & Co. and Daiwa Asset Management (India) Pvt. Ltd.

Also manages these schemes

Mahindra Manulife Income Plus Arbitrage Active FOF Direct Growth

Mahindra Manulife Asia Pacific REITs FoF Direct Growth

Mahindra Manulife Balanced Advantage Fund Direct Growth

Mahindra Manulife Aggressive Hybrid Fund Direct Growth

Mahindra Manulife Low Duration Fund Direct Growth

Mahindra Manulife Liquid Fund Direct Growth

Mahindra Manulife Overnight Fund Direct Growth

Mahindra Manulife Ultra Short Duration Fund Direct Growth

About Mahindra Manulife Ultra Short Duration Fund Direct IDCW Daily

Mahindra Manulife Ultra Short Duration Fund Direct IDCW Daily is a Debt Mutual Fund Scheme launched by Mahindra Mutual Fund. This scheme was made available to investors on 04 Feb 2016. Rahul Pal is the Current Fund Manager of Mahindra Manulife Ultra Short Duration Fund Direct IDCW Daily fund. The fund currently has an Asset Under Management(AUM) of ₹4,742 Cr and the Latest NAV as of 13 Feb 2026 is ₹1,216.63. The Mahindra Manulife Ultra Short Duration Fund Direct IDCW Daily is rated Moderately Low risk. ;

Investment Objective

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.

Fund benchmarkCRISIL Ultra Short Duration Debt A-I Index

Scheme Information Document(SID)