Mahindra Manulife Liquid Fund Direct Plan Growth

Mahindra Manulife Liquid Fund Direct Plan Growth

Debt

Mahindra Mutual Fund

Liquid

Get the latest NAV of Mahindra Manulife Liquid Fund Direct Plan Growth. View historical returns compared to its benchmark and category average. Know which stocks and sectors the fund is investing in. Get an estimate of returns from the SIP and lump sum returns calculator. View detailed holding analysis and peer comparison. Get INDmoney ranking of the fund.

₹1838.71

NAV as on 06 Aug 2026

6.22%/per year

Since Inception

Absolute Gain%

▲▼

190 people have invested ₹ 1.4Cr in Mahindra Manulife Liquid Fund in the last three months

Mahindra Manulife Liquid Fund Performance vs. Liquid Index

Fund returns vs Benchmark returns vs Category Average returns as on (06-Aug-26)

The fund has consistently outperformed the benchmark (Liquid Index) over the last 1Y, 3Y, 5Y time periods.

Period
1M
3M
6M
1Y
3Y
5Y
This Fund
0.51%
1.68%
3.35%
6.43%
7%
6.32%
Liquid Index
0.51%
1.24%
2.68%
5.26%
5.5%
5.14%
Liquid Avg
0.41%
1.39%
2.86%
5.73%
6.36%
5.74%
Best in Liquid
0.59%
1.78%
3.45%
6.51%
7.04%
6.34%
Worst in Liquid
0.46%
1.36%
2.9%
5.77%
6.47%
5.91%
Category Rank
18/33
6/31
--
--
--
--

Mahindra Manulife Liquid Fund Ranking and Peer Comparison

Ranked based on performance, risk management and cost efficiency

6
/33
94% Performance
23% Risk Management
72% Cost

Ranked 6 out of 33 mutual funds in the liquid category as per INDmoney.

Fund Name
INDmoney Rank
AUM (in Crs.)
Expense Ratio
1Y Returns
3Y Returns
3Y Alpha
3Y Beta
3Y Sharpe
3Y Sortino
3Y Info Ratio
Mahindra Manulife Liquid Fund
6/33
1,019Cr
0.13%
6.43%
7%
0.01
1.58
3.04
26.98
2.67
Franklin India Liquid Super Institutional Fund
1/33
2,915Cr
0.12%
6.46%
7.01%
--
1.66
2.89
41.43
2.37
Mirae Asset Liquid Fund
2/33
10,973Cr
0.08%
6.35%
6.97%
0.01
1.50
2.97
23.37
2.40
Union Liquid Fund
3/33
6,650Cr
0.06%
6.44%
7%
0.02
1.55
3.07
63.99
2.70
See all

Mahindra Manulife Liquid Fund Returns Calculator

Calculate SIP and lumpsum returns based on historical performance

  • 1-time

  • SIP

Total Investment

0

Profit

Total Corpus

0

Absolute Return
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Mahindra Manulife Liquid Fund Asset Allocation

See fund asset allocation details as on (14-Jul-26)

Fund Distribution

as on (14-Jul-26)

AAA
100%
Cash allocation has gone down from 99.7% to 99.7%
Cash allocation has gone down from 99.7% to 99.7%

Mahindra Manulife Liquid Fund Sector Allocation

See fund sector allocation details as on (14-Jul-26)

Sector Allocation

Cash Equivalent
66.9%
Corporate
18.4%
Government
14.8%

Top 2 Sectors in June were Corporate, Government

Jun'26

Corporate

16%

Government

11%

May'26

Corporate

14%

Government

9%

Mahindra Manulife Liquid Fund Overview

Get key fund statistics, minimum investment details, AUM, expense ratio, exit load, and tax treatment.

Expense ratio0.13%
Benchmark
CRISIL Liquid Debt A-I TR INR
AUM₹1019 Cr
Inception Date4 July, 2016
Min Lumpsum/SIP₹1,000/--
Exit Load
0.0%
Lock InNo Lock-in
TurnOver
735.81%
Risk
Risk meter
pointer
Moderate Risk

About Mahindra Manulife Liquid Fund

Mahindra Manulife Liquid Fund Direct Plan 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 has ₹1019 Cr worth of assets under management (AUM) as on Jul 2026 and is more than category average.
  2. The fund has an expense ratio 0.1.

Returns

Mahindra Manulife Liquid Fund has given a CAGR return of 6.22% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 6.43%, 7.00% and 6.32% respectively.

Holdings

Mahindra Manulife Liquid Fund has allocated its funds majorly in Cash Equivalent, Corporate, Government. Its top holdings are LIC Housing Finance Ltd, Tata Realty And Infrastructure Limited, National Bank for Agriculture and Rural Development, HDFC Bank Limited, Bank Of Baroda

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:
Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.
Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.
Invested after 1 April 2023, capital gains will be taxed at your income slab rate.
Dividends will always be taxed at slab rate.

Investment objective of Mahindra Manulife Liquid Fund

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 has no lock in period.

Fund Manager

Amit Garg

Fund Manager of Mahindra Manulife Liquid Fund, since 8 June 2020

Rahul Pal

Fund Manager of Mahindra Manulife Liquid Fund, since 4 July 2016

Learn more about Mahindra Mutual Fund
Parameters
Jun'26
May'26
Apr'26
AUM
₹ 1.1K Cr
₹ 1.1K Cr
₹ 1.1K Cr
  • AUM of the fund stands at 1.1K Cr as of Jun'26
  • AUM has remained same between Jun'26 and May'26

Frequently Asked Questions for Mahindra Manulife Liquid Fund Direct Plan Growth

How do I invest in Mahindra Manulife Liquid Fund?

INDmoney makes it simple to invest in the Mahindra Manulife Liquid Fund. To do so, follow the steps below:
  • Download the INDmoney app.
  • Search for ‘Mahindra Manulife Liquid Fund’.
  • Select whether you want to invest in SIP or lump sum.
  • Enter the amount you wish to invest.
  • Set up payments via bank mandate or UPI.

What is the current NAV of Mahindra Manulife Liquid Fund?

The NAV of the fund today is ₹1838.71. NAV or Net Asset Value is the per unit price of a mutual fund. For example, if the NAV of a fund is ₹10, it means you can get 1000 units of that mutual fund at ₹10,000.

What is the return on the fund?

Mahindra Manulife Liquid Fund fund has generated a return of 6.43% in 1 year, 7.00% in 3 years, 6.32% in 5 years.

Who is the fund manager of Mahindra Manulife Liquid Fund?

The fund managers are Amit Garg, Rahul Pal.

What is the exit load of the fund?

The exit load is 0.007% if redeemed in 0-1 Days, 0.0065% if redeemed in 1-2 Days, 0.006% if redeemed in 2-3 Days, 0.0055% if redeemed in 3-4 Days, 0.005% if redeemed in 4-5 Days, 0.0045% if redeemed in 5-6 Days. Exit load is a fee levied for ‘exiting’ the fund earlier than a stipulated period, usually 1 year.

What is the expense ratio of the fund?

The expense ratio is 0.13%. The Expense Ratio is a fee charged for managing the fund. This includes commissions, administrative costs etc.

What is the AUM of the fund?

The AUM of the fund is ₹1019 Cr. AUM stands for Assets Under Management. It refers to the total assets managed by the fund.

What are the top holdings of Mahindra Manulife Liquid Fund?

The top 3 holdings of the fund are LIC Housing Finance Ltd(6.38%), Tata Realty And Infrastructure Limited(4.88%), National Bank for Agriculture and Rural Development(4.87%)