Mahindra Manulife Low Duration Fund Direct Growth

Mahindra Manulife Low Duration Fund Direct Growth

Debt

Direct

Low Duration

NAV as on 10-12-2024

₹ 1676.14

Inception Returns

6.8%

/yr

About Mahindra Manulife Low Duration Fund Direct Growth

Mahindra Manulife Low Duration Fund Direct Growth is a debt fund. This fund was started on 15 February, 2017. The fund is managed by Rahul Pal. This fund is suitable to keep your money safe.

Key Parameters

  1. Mahindra Manulife Low Duration Fund Direct Growth has ₹594 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.3.

Returns

Mahindra Manulife Low Duration Fund Direct Growth has given a CAGR return of 6.83% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.15%, 6.61% and 6.24% respectively.

Holdings

Mahindra Manulife Low Duration Fund Direct Growth has allocated its funds majorly in Corporate, Cash Equivalent, Government. Its top holdings are National Bank For Agriculture And Rural Development, Godrej Properties Limited, Shriram Finance Limited, Tata Realty And Infrastructure Limited, Rural Electrification Corporation Limited

Taxation

As it is a low duration 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 Low Duration Fund Direct Growth

The investment objective of the Scheme is to provide reasonable returns, commensurate with a low to moderate level of risk and high degree of liquidity, through a portfolio constituted 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 500.00. Mahindra Manulife Low Duration Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
41 people have invested ₹ 6.6L in Mahindra Manulife Low Duration Fund Direct Growth in the last three months

Mahindra Manulife Low Duration Fund Direct Growth Overview

Expense ratio0.3%
Benchmark
CRISIL Liquid Fund TR INR
AUM₹594 Cr
Inception Date15 February, 2017
Min Lumpsum/SIP₹1000/₹500
Exit Load0%
Lock InNo Lock-in
TurnOver
139.89%
STCGSelling mutual fund 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 (10-Dec-24)

Period
Mahindra Manulife Low Duration Fund Direct Growth
Low Duration Index
1M
0.7%
0.4%
3M
2%
1.7%
6M
4%
3.6%
1Y
8.2%
7.4%
3Y
6.6%
6.1%
5Y
6.2%
6%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.8%

AAA
65.7%

AA
34.3%

Sector Allocation

Oct'24

Sep'24

Aug'24

Corporate
57.8%
Cash Equivalent
24.9%
Government
17.3%
All changes are between Oct'69 and Dec'69
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 578.7 Cr
₹ 556.7 Cr
₹ 555.4 Cr
  • AUM of the fund stands at 578.7 Cr as of Oct'24
  • AUM increased by 22 Cr between Oct'24 and Sep'24
Debt allocation has gone up from 74.6% to 74.9%
Debt allocation has gone up from 74.6% to 74.9%
Cash allocation has gone down from 25.2% to 24.9%
Cash allocation has gone down from 25.2% to 24.9%

Top 2 Sectors in October were Corporate, Government

Oct'24
Corporate
58%
Government
17%
Sep'24
Corporate
67%
Government
22%
  • Debt & Cash

Holdings
Weight%
1M Change
National Bank For Agriculture And Rural Development
National Bank For Agriculture And Rural Development
5.87%
0%
Godrej Properties Limited
Godrej Properties Limited
4.54%
0%
Tata Realty And Infrastructure Limited
Tata Realty And Infrastructure Limited
4.22%
66.7%
Shriram Finance Limited
Shriram Finance Limited
4.22%
0%
Rural Electrification Corporation Limited
Rural Electrification Corporation Limited
4.21%
0%
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Rahul Pal
Rahul Pal
Fund Manager of Mahindra Manulife Low Duration Fund Direct Growth, since 15 February 2017
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
Over the last 3 months, this fund has experienced a 6.9% growth in AUM moving from 555.4 Cr to 593.88 Cr.
Insights icon
In the last 3 years, Aditya Birla Sun Life Low Duration Direct Plan Growth has given 6.83% return, outperforming this fund by 0.22% per annum.
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In the last 5 years, UTI - Low Duration Fund - Direct Plan - Growth Option has given 7.19% return, outperforming this fund by 0.95% per annum.
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This fund has one of the lowest expense ratio in the category (low duration). Its expense ratio is 0.3% which is lower than the category average expense ratio of 0.67%.
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In the last 1 year, Kotak Low Duration Fund- Direct Plan- Growth Option has given 8.25% return, outperforming this fund by 0.12%.

Mahindra Manulife Low Duration 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 6.83% since inception which is more than its category average return of 5.04%
AUM size ₹594 Cr

AUM size ₹594 Cr

This fund has AUM of ₹594 Cr which is less than its category average of ₹ 4380 Cr
Expense Ratio 0.3%

Expense Ratio 0.3%

This fund has an expense ratio of 0.3% which is less than its category average expense ratio of 0.65%

Frequently Asked Questions for Mahindra Manulife Low Duration Fund Direct Growth

The current NAV of Mahindra Manulife Low Duration Fund Direct Growth is ₹1676.14 as on 10-Dec-2024.
Existing (Absolute + CAGR) as on 10-Dec-2024.
Mahindra Manulife Low Duration Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.66%
0.66%
6 Month Returns
4%
4%
1 Year Returns
8.15%
8.15%
3 Years Returns
21.18%
6.61%
5 Years Returns
35.37%
6.24%
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.
0.3% as on November 2024
₹594 Cr as on November 2024
National Bank For Agriculture And Rural Development(5.87%), Godrej Properties Limited(4.54%), Shriram Finance Limited(4.22%), Tata Realty And Infrastructure Limited(4.22%), Rural Electrification Corporation Limited(4.21%) as on November 2024
Corporate(56.35%), Cash Equivalent(29.31%), Government(14.34%) as on November 2024
Yield to Maturity is 7.73 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 0.86 as on November 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
65.73
AA
34.27
Rahul Pal is the fund manager of Mahindra Manulife Low Duration Fund Direct Growth
The Exit load of Mahindra Manulife Low Duration Fund Direct Growth is 0%