Mahindra Manulife Liquid Fund Direct Growth

Mahindra Manulife Liquid Fund Direct Growth

Debt

Direct

Liquid

NAV as on 01-12-2024

₹ 1649.18

Inception Returns

6.1%

/yr

About Mahindra Manulife Liquid Fund Direct Growth

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 ₹1443 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 6.13% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.50%, 6.44% and 5.45% respectively.

Holdings

Mahindra Manulife Liquid Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Corporate. Its top holdings are Reliance Jio Infocomm Limited, Axis Bank Limited, State Bank Of India, 364 DTB 26122024, The Federal Bank Limited

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.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
359 people have invested ₹ 2.7Cr in Mahindra Manulife Liquid Fund Direct Growth in the last three months

Mahindra Manulife Liquid Fund Direct Growth Overview

Expense ratio0.16%
Benchmark
CRISIL Liquid Fund TR INR
AUM₹1443 Cr
Inception Date4 July, 2016
Min Lumpsum/SIP₹1000/--
Exit Load
0.0%
Lock InNo Lock-in
TurnOver
656.93%
STCGSelling within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Moderate Risk

Trailing Returns

as on (01-Dec-24)

Period
Mahindra Manulife Liquid Fund Direct Growth
Liquid Index
1M
0.6%
0.4%
3M
1.8%
1.3%
6M
3.6%
3%
1Y
7.5%
6.6%
3Y
6.4%
5.8%
5Y
5.4%
4.7%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.8%

AAA
100%

Sector Allocation

Oct'24

Sep'24

Aug'24

Cash Equivalent
100%
All changes are between Oct'69 and Dec'69
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 1.3K Cr
₹ 1K Cr
₹ 1.4K Cr
  • AUM of the fund stands at 1.3K Cr as of Oct'24
  • AUM increased by 305.4 Cr between Oct'24 and Sep'24
Cash allocation has gone up from 99.7% to 99.8%
Cash allocation has gone up from 99.7% to 99.8%

Top Sector in October was Corporate

Sep'24
Corporate
41%
  • Debt & Cash

Holdings
Weight%
1M Change
Reliance Jio Infocomm Limited
Reliance Jio Infocomm Limited
6.89%
100%
Axis Bank Limited
Axis Bank Limited
5.16%
0%
State Bank Of India
State Bank Of India
5.16%
0%
364 DTB 26122024
364 DTB 26122024
3.65%
0%
LIC Housing Finance Ltd
LIC Housing Finance Ltd
3.46%
0%
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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
Fund House
Mahindra Manulife Investment Management Pvt. Ltd.
Total AUM
₹30.15K Cr
as on 31-Oct-2024
Address
1st Floor, Sadhana House, Behind Mahindra Tower,570 P. B. Marg, Worli, Mumbai 400018
Phone
022-66327900
Website
mfinvestors@mahindra.com

Mutual Fund Insights

Insights icon
This fund expense ratio is slightly on the lower side within the category (liquid). Its expense ratio is 0.16% which is lower than the category average expense ratio of 0.26%.
Insights icon
In the last 3 years, this fund has outperformed all funds in its category.
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In the last 1 year, Edelweiss Liquid Fund Direct Growth has given 7.56% return, outperforming this fund by 0.06%.
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In the last 5 years, Quant Liquid Plan Growth Option Direct Plan has given 5.76% return, outperforming this fund by 0.31% per annum.
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Over the last 1 month, this fund has experienced a 4.4% drop in AUM moving from 1.51K Cr to 1.44K Cr.

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 6.13% since inception which is more than its category average return of 4.98%
AUM size ₹1443 Cr

AUM size ₹1443 Cr

This fund has AUM of ₹1443 Cr which is less than its category average of ₹ 14219 Cr
Expense Ratio 0.16%

Expense Ratio 0.16%

This fund has an expense ratio of 0.16% which is less than its category average expense ratio of 0.23%

Frequently Asked Questions for Mahindra Manulife Liquid Fund Direct Growth

The current NAV of Mahindra Manulife Liquid Fund Direct Growth is ₹1649.18 as on 01-Dec-2024.
Existing (Absolute + CAGR) as on 01-Dec-2024.
Mahindra Manulife Liquid Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.57%
0.57%
6 Month Returns
3.6%
3.6%
1 Year Returns
7.5%
7.5%
3 Years Returns
20.58%
6.44%
5 Years Returns
30.36%
5.45%
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.
0.16% as on November 2024
₹1443 Cr as on November 2024
Reliance Jio Infocomm Limited(6.89%), Axis Bank Limited(5.16%), State Bank Of India(5.16%), 364 DTB 26122024(3.65%), The Federal Bank Limited(3.46%) as on November 2024
Yield to Maturity is 7.14 as on November 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 0.14 as on November 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
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%