Name: Mahindra Manulife Ultra Short Term Fund Direct Growth
Brand: Mahindra Mutual Fund

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Mahindra Manulife Ultra Short Term Fund Direct Growth
Debt
Ultra Short Duration
Moderately Low Risk
0.24%
1M return
+0.01% 1D
1M
6M
1Y
All
 NAV: 20 Oct 2021₹1,110.57
Min. SIP amount₹500
Rating4star
Fund size₹180.54 Cr
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: Debt Ultra Short Duration
Absolute returns
3M6M1YAll
Fund returns0.9%1.9%3.7%11.1%
Category averageNANA3.7%NA
Rank with in category141112NA
Understand termsinfo
Holdings (19)NameSectorInstrumentAssets
Reserve Bank of India
FinancialT-Bills8.3%
Hindalco Industries Ltd.
MetalsBonds/NCD5.7%
Power Finance Corporation Ltd.
FinancialDebenture5.7%
National Bank For Agriculture & Rural Development
FinancialDebenture5.6%
NTPC Ltd.
EnergyBonds5.6%
Axis Bank Ltd.
FinancialCD5.5%
AU Small Finance Bank Ltd.
FinancialCD5.5%
GOI
SovereignGOI Sec5.5%
ICICI Securities Ltd.
FinancialCP5.5%
JM Financial Services Pvt. Ltd.
FinancialCP5.5%
See All
DisclaimerThis content is derived from publicly available information, internal sources, and other third-party sources believed to be reliable. We, at Nextbillion Technology Pvt. Ltd. (Groww), do not guarantee the accuracy of such information, or assure its completeness, or warrant that such information will not be changed.
All comparisons are done with the category average metrics for this category.
Pros and consinfo
Category: Debt Ultra Short Duration
thumb_up_altPros
Exit load is zero
Lower expense ratio: 0.35%
Average credit rating of the fund's holdings: AAA
This fund has holdings of the highest quality
thumb_down_altCons
Lower AUM: 180Cr.
Funds with lower AUM tend to have higher expense ratio
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
Exit load
31 Aug 2021 - Present
0.35%
31 Jul 2021 - 31 Aug 2021
0.35%
30 Jun 2021 - 31 Jul 2021
0.35%
31 May 2021 - 30 Jun 2021
0.35%
30 Apr 2021 - 31 May 2021
0.35%
31 Mar 2021 - 30 Apr 2021
0.35%
28 Feb 2021 - 31 Mar 2021
0.35%
31 Jan 2021 - 28 Feb 2021
0.36%
31 Dec 2020 - 31 Jan 2021
0.35%
30 Nov 2020 - 31 Dec 2020
0.34%
31 Oct 2020 - 30 Nov 2020
0.34%
30 Sep 2020 - 31 Oct 2020
0.34%
31 Aug 2020 - 30 Sep 2020
0.33%
31 Jul 2020 - 31 Aug 2020
0.33%
30 Jun 2020 - 31 Jul 2020
0.33%
31 May 2020 - 30 Jun 2020
0.30%
30 Apr 2020 - 31 May 2020
0.30%
31 Mar 2020 - 30 Apr 2020
0.30%
29 Feb 2020 - 31 Mar 2020
0.31%
31 Jan 2020 - 29 Feb 2020
0.27%
31 Dec 2019 - 31 Jan 2020
0.27%
30 Nov 2019 - 31 Dec 2019
0.28%
31 Oct 2019 - 30 Nov 2019
0.28%
Expense ratio, exit load and taxExpense ratio: 0.35%Inclusive of GST
Exit loadNil
Stamp duty0.005% (from July 1st, 2020)
Tax implicationReturns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.
Understand termsinfo
Check past data
Minimum investment amountsMin. for 1st investment₹1,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹500
Fund managementRahul Pal
Oct 2019 - Present
View details
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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 Liquid Fund Regular IDCW Daily
Mahindra Manulife Liquid Fund Direct IDCW Daily
Mahindra Manulife Liquid Fund Direct IDCW Weekly
Mahindra Manulife Liquid Fund Regular Growth
Mahindra Manulife Liquid Fund Direct Growth
Mahindra Manulife Liquid Fund Regular IDCW Weekly
Mahindra Manulife Equity Savings Dhan Sanchay Yojana Direct IDCW
Mahindra Manulife Equity Savings Dhan Sanchay Yojana Direct Growth
Mahindra Manulife Equity Savings Dhan Sanchay Yojana Regular IDCW
Mahindra Manulife Equity Savings Dhan Sanchay Yojana Regular Growth
Mahindra Manulife Low Duration Fund Direct Growth
Mahindra Manulife Low Duration Fund Regular IDCW Daily
Mahindra Manulife Low Duration Fund Regular IDCW Weekly
Mahindra Manulife Low Duration Fund Regular IDCW Monthly
Mahindra Manulife Low Duration Fund Direct IDCW Daily
Mahindra Manulife Low Duration Fund Direct IDCW Weekly
Mahindra Manulife Low Duration Fund Direct IDCW Monthly
Mahindra Manulife Low Duration Fund Regular Growth
Mahindra Manulife Dynamic Bond Yojana Regular Growth
Mahindra Manulife Dynamic Bond Yojana Regular IDCW Quarterly
Mahindra Manulife Dynamic Bond Yojana Direct Growth
Mahindra Manulife Dynamic Bond Yojana Direct IDCW
Mahindra Manulife Hybrid Equity Nivesh Yojana Direct Growth
Mahindra Manulife Hybrid Equity Nivesh Yojana Regular Growth
Mahindra Manulife Hybrid Equity Nivesh Yojana Direct IDCW
Mahindra Manulife Hybrid Equity Nivesh Yojana Regular IDCW
Mahindra Manulife Overnight Fund Direct Growth
Mahindra Manulife Ultra Short Term Fund Direct Growth
Mahindra Manulife Ultra Short Term Fund Regular Growth
Mahindra Manulife Arbitrage Yojana Regular Growth
Mahindra Manulife Arbitrage Yojana Direct Growth
Mahindra Manulife Arbitrage Yojana Regular IDCW
Mahindra Manulife Arbitrage Yojana Direct IDCW
Mahindra Manulife Short Term Fund Regular Growth
Mahindra Manulife Short Term Fund Direct Growth
Mahindra Manulife Short Term Fund Direct IDCW
Amit Garg
Jun 2020 - Present
View details
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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 Liquid Fund Regular IDCW Daily
Mahindra Manulife Liquid Fund Direct IDCW Daily
Mahindra Manulife Liquid Fund Direct IDCW Weekly
Mahindra Manulife Liquid Fund Regular Growth
Mahindra Manulife Liquid Fund Direct Growth
Mahindra Manulife Liquid Fund Regular IDCW Weekly
Mahindra Manulife Overnight Fund Direct Growth
Mahindra Manulife Ultra Short Term Fund Direct Growth
Mahindra Manulife Ultra Short Term Fund Regular Growth
Fund house & investment objective
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Mahindra Mutual Fund
Rank (total assets)#28 in India
Total AUM4,742.00 Cr
Date of Incorporation04 Feb 2016
Mahindra Manulife Ultra Short Term Fund Direct Growth is a Debt Mutual Fund Scheme launched by Mahindra Mutual Fund. This scheme was made available 
Mahindra Manulife Ultra Short Term Fund Direct Growth 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 Term Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹4,742 Cr and the Latest NAV as of 20 Oct 2021 is ₹1,110.57.
The Mahindra Manulife Ultra Short Term Fund Direct Growth is rated Moderately Low risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 1000. ...Read more
Investment Objective
The Scheme seeks to generate regular income and capital appreciation through investment in a portfolio of short term debt & money market instruments s
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.
...Read more
Fund benchmarkCRISIL Ultra Short Term Debt Index
descriptionScheme Information Document(SID)
Fund house contact details
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Address
1st Floor, Sadhana House, Behind Mahindra Tower, 570 P. B. Marg, Worli, Mumbai 400018
Phone
022-66327900
Launch Date
04 Feb 2016
E-mail
[email protected]
Website
NA
Mahindra Mutual Fund
Asset Management Company
Custodian
Deutsche Bank
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,
Email
[email protected]
Website
www.camsonline.com
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Mahindra Manulife Ultra Short Term Fund Direct Growth
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	3M	6M	1Y	All
Fund returns	0.9%	1.9%	3.7%	11.1%
Category average	NA	NA	3.7%	NA
Rank with in category	14	11	12	NA

Name	Sector	Instrument	Assets
Reserve Bank of India	Financial	T-Bills	8.3%
Hindalco Industries Ltd.	Metals	Bonds/NCD	5.7%
Power Finance Corporation Ltd.	Financial	Debenture	5.7%
National Bank For Agriculture & Rural Development	Financial	Debenture	5.6%
NTPC Ltd.	Energy	Bonds	5.6%
Axis Bank Ltd.	Financial	CD	5.5%
AU Small Finance Bank Ltd.	Financial	CD	5.5%
GOI	Sovereign	GOI Sec	5.5%
ICICI Securities Ltd.	Financial	CP	5.5%
JM Financial Services Pvt. Ltd.	Financial	CP	5.5%

Min. for 1st investment	₹1,000
Min. for 2nd investment onwards	₹1,000

Rating	4
Fund size	₹180.54 Cr