Mahindra Manulife Liquid Fund Direct Growth

Debt
Direct
Liquid
Mahindra Manulife Liquid Fund Direct Growth

About the Fund

Mahindra Manulife Liquid Fund Direct Growth is a debt fund. This fund was started on 4 July, 2016. The fund is managed by Amit Garg, Rahul Pal. This fund is suitable to keep your money safe.

Key Parameters

  1. Mahindra Manulife Liquid Fund Direct Growth has ₹1642 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.2.

Returns

Mahindra Manulife Liquid Fund Direct Growth has given a CAGR return of 6.08% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.44%, 5.97% and 5.36% respectively.

Holdings

Mahindra Manulife Liquid Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Corporate, Government. Its top holdings are Reliance Retail Ventures Limited, 91 DTB 26092024, Punjab National Bank, ICICI Bank Limited, Kotak Mahindra Bank Ltd.

Taxation

As it is a liquid mutual fund the taxation is as follows:
If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:
For short term (less than 3 years) capital gains will be taxed at your income slab rate.
For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.
Dividends will always be taxed at slab rate.

Investment objective of Mahindra Manulife Liquid Fund Direct Growth

The Scheme seeks to deliver reasonable market related returns with lower risk and higher liquidity through a portfolio of money market and debt instruments. However, there is no assurance that the investment objective of the Scheme will be realized and the Scheme does not assure or guarantee any returns.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 0.00. Mahindra Manulife Liquid Fund Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
390 people have invested ₹ 4.1Cr in Mahindra Manulife Liquid Fund Direct Growth in the last three months

Fund Overview

Expense ratio0.15%
Benchmark
CRISIL Liquid Fund TR INR
AUM₹1642 Cr
Inception Date4 July, 2016
Min Lumpsum/SIP₹1000/--
Exit Load
0.007%
Lock InNo Lock-in
TurnOver
468.07%
Risk
Risk meter
pointer
Moderate Risk

Fund Distribution
as on (31-Dec-69)

  • Debt & Cash 99.8%

AAA
96.6%

AA
3.4%

Sector Allocation

Jun'24

May'24

Apr'24

Cash Equivalent
76.1%
Corporate
15.1%
Government
8.7%
All changes are between Oct'69 and Dec'69

as on (30-Jun-24)

  • Debt & Cash

Holdings
Weight%
1M Change
Reliance Retail Ventures Limited
Reliance Retail Ventures Limited
6.03%
0%
91 DTB 26092024
91 DTB 26092024
6.01%
0%
ICICI Bank Limited
ICICI Bank Limited
6.01%
0%
Punjab National Bank
Punjab National Bank
6.01%
0%
Kotak Mahindra Bank Ltd.
Kotak Mahindra Bank Ltd.
3.6%
0%

Amit Garg
Amit Garg
Fund Manager of Mahindra Manulife Liquid Fund Direct Growth, since 8 June 2020
Rahul Pal
Rahul Pal
Fund Manager of Mahindra Manulife Liquid Fund Direct Growth, since 4 July 2016

Mutual Fund Insights

Insights icon
In the last 3 years, Aditya Birla Sun Life Liquid Direct Plan Growth has given 5.97% return, outperforming this fund by 0% per annum.
Insights icon
Over the last 3 months, this fund has experienced a 48.8% growth in AUM moving from 1.10K Cr to 1.64K Cr.
Insights icon
This fund has one of the lowest expense ratio in the category (liquid). Its expense ratio is 0.15% which is lower than the category average expense ratio of 0.27%.
Insights icon
In the last 1 year, Edelweiss Liquid Fund Direct Growth has given 7.47% return, outperforming this fund by 0.03%.
Insights icon
In the last 5 years, Quant Liquid Plan Growth Option Direct Plan has given 5.75% return, outperforming this fund by 0.39% per annum.

Mahindra Manulife Liquid Fund Direct Growth Highlights

Risk meter
pointer

Moderate Risk

Investors understand that their principal will be at Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 6.08% since inception which is more than its category average return of 4.97%
AUM size ₹1642 Cr

AUM size ₹1642 Cr

This fund has AUM of ₹1642 Cr which is less than its category average of ₹ 13454 Cr
Expense Ratio 0.15%

Expense Ratio 0.15%

This fund has an expense ratio of 0.15% which is less than its category average expense ratio of 0.24%

Frequently Asked Questions

The current NAV of Mahindra Manulife Liquid Fund Direct Growth is ₹1608.2 as on 23-Jul-2024.
Existing (Absolute + CAGR) as on 23-Jul-2024.
Mahindra Manulife Liquid Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.59%
0.59%
6 Month Returns
3.72%
3.72%
1 Year Returns
7.44%
7.44%
3 Years Returns
19%
5.97%
5 Years Returns
29.86%
5.36%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.15% as on June 2024
₹1642 Cr as on June 2024
Reliance Retail Ventures Limited(6.03%), 91 DTB 26092024(6.01%), Punjab National Bank(6.01%), ICICI Bank Limited(6.01%), Kotak Mahindra Bank Ltd.(3.6%) as on June 2024
Cash Equivalent(69.4%), Corporate(22.6%), Government(8%) as on June 2024
Yield to Maturity is 7.32 as on June 2024. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 0.16 as on June 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
96.57
AA
3.43
Amit Garg, Rahul Pal are the fund managers of Mahindra Manulife Liquid Fund Direct Growth
The Exit load of Mahindra Manulife Liquid Fund Direct Growth is 0.01%