|Min SIP Amount||₹500|
|NAV||₹1059.95 (07 Aug 2020)|
|Fund Started||17 Oct 2019|
|Fund Size||₹129 Cr|
|National Bank For Agriculture & Rural Development||Financial||Debenture||8.2%|
|National Thermal Power Corp. Ltd.||Energy||Bonds||8.0%|
|Power Finance Corpn. Ltd.||Financial||Bonds||7.8%|
|ICICI Securities Ltd.||Financial||CP||7.7%|
|Tata Cleantech Capital Ltd||Financial||CP||7.7%|
|AU Small Finance Bank Ltd.||Financial||CD||7.6%|
|Small Industries Devp. Bank of India Ltd.||Financial||NCD||4.0%|
|Housing Development Finance Corpn. Ltd.||Financial||NCD||4.0%|
|Sundaram Bnp Paribas Home Finance Ltd.||Financial||Debenture||4.0%|
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 17 Oct 2019. 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 ₹129 Cr and the Latest NAV as of 07 Aug 2020 is ₹1059.95.
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.
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.
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.