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.
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%, 5.98% and 5.36% respectively.
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.
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.
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 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.
Expense ratio | 0.15% |
Benchmark | CRISIL Liquid Fund TR INR |
AUM | ₹1642 Cr |
Inception Date | 4 July, 2016 |
Min Lumpsum/SIP | ₹1000/-- |
Exit Load | 0.007% |
Lock In | No Lock-in |
TurnOver | 468.07% |
Risk | Moderate Risk |
Mahindra Manulife Liquid Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.6% | 0.6% |
6 Month Returns | 3.73% | 3.73% |
1 Year Returns | 7.44% | 7.44% |
3 Years Returns | 19.02% | 5.98% |
5 Years Returns | 29.86% | 5.36% |
AAA | 96.57 |
AA | 3.43 |