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Mahindra Manulife Ultra Short Term Fund Direct Growth+0.01%

4.02%
1 Year Return
Debt
Ultra Short Duration
4.0star
6M
1Y
All

Fund Details

Mahindra Manulife Ultra Short Term Fund Direct Growth

RiskModerately Low
Min SIP Amount₹500
Expense Ratio0.35%
NAV₹1100.95 (23 Jul 2021)
Fund Started17 Oct 2019
Fund Size200 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Fund Returns
4.0%
-
-
5.9%
Category Average
3.7%
5.5%
5.9%
-
Rank Within Category
11
-
-
-
*All returns are annualized.
SIP
ONE TIME
Minimum SIP amount500
Amount Per Month₹5,000
Would have become
0
with 4.0% returns per annum

Comparison

Data not available
Pros
1. Lower expense ratio - 0.35%
2. 1Y Returns are higher than the category average returns
3. Exit load is zero
Cons
1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
2. Age is less than 3 years

Top Holdings

NameSectorInstrument% Assets
Reserve Bank of IndiaFinancialT-Bills7.4%
Hindalco Industries Ltd.MetalsBonds/NCD5.2%
National Bank For Agriculture & Rural DevelopmentFinancialDebenture5.1%
NTPC Ltd.EnergyBonds5.1%
National Bank For Agriculture & Rural DevelopmentFinancialCP5.0%
Reliance Industries Ltd.EnergyCP5.0%
JM Financial Services Pvt. Ltd.FinancialCP5.0%
Tata Realty and Infrastructure Ltd.ConstructionCP5.0%
Axis Bank Ltd.FinancialCD4.9%
AU Small Finance Bank Ltd.FinancialCD4.9%
See All

Fund Managers

Rahul Pal
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Mahindra Manulife Ultra Short Term Fund Direct Growth Details

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 ₹200 Cr and the Latest NAV as of 23 Jul 2021 is ₹1100.95.

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.

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.

Tax Implications

Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.

Scheme Information Document(SID)

₹1000
Min for First Investment
₹1000
Min for Second Investment
Nil
Exit Load

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About Mahindra Mutual Fund

Address
1st Floor, Sadhana House, Behind Mahindra Tower, 570 P. B. Marg, Worli, Mumbai 400018
Phone
022-66327900
Launch Date
04 Feb 2016
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,
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