Mahindra Manulife Short Duration Fund Direct Growth
Debt
Direct
Short Duration
NAV: ₹ 11 as on 27-03-2023
Fund Performance
Fund Insights
In the last 1 year, ICICI Prudential Short Term Fund Direct Plan Growth Option has given 6.45% return, outperforming Mahindra Manulife Short Duration Fund Direct Growth by 1.89%
Mahindra Manulife Short Duration Fund Direct Growth has one of the lowest expense ratio in the category (short duration). Its expense ratio is 0.29% which is lower than the category average expense ratio of 0.68%
Mahindra Manulife Short Duration Fund Direct Growth Performance as on (27-Mar-23)
About the Fund
Mahindra Manulife Short Duration Fund Direct Growth is a debt fund. This fund was started on 23 February, 2021. The fund is managed by Rahul Pal, Kush Sonigara. This fund is suitable to keep your money safe.
Key parameters
1) Mahindra Manulife Short Duration Fund Direct Growth has a NAV of ₹11.0322 as on 27-03-2023.
2) Mahindra Manulife Short Duration Fund Direct Growth has ₹44 Cr worth of assets under management (AUM) as on 31-01-2023 and is less than category average.
3) The fund has an expense ratio 0.29 %.
Mahindra Manulife Short Duration Fund Direct Growth Overview
 | 0.29% |
 Benchmark | CRISIL Short Term Bond Fund TR INR |
 | ₹44 Cr |
 | 23 February, 2021 |
 | ₹1000/₹500 |
 | 0% |
 | No Lock-in |
 TurnOver | 190.9% |
Fund Distribution as on (28-Feb-23)
Credit rating breakup
AAA
100%
Sector Allocation
Government
69.5%
Corporate
22.2%
Cash Equivalent
8.3%
Top Holdings of Mahindra Manulife Short Duration Fund Direct Growth as on (28-Feb-23)
Debt Holdings9
Holdings | Weight% | Holdings Trend | 1M Change |
|---|---|---|---|
 7.38 6/20/2027 12:00:00 Am | 18.51% | 100% | |
09.80 Tn SDL 2023 | 11.74% | 0% | |
07.24 GJ Sdl 2026 | 11.46% | 0% | |
Export-Import Bank Of India | 11.19% | 0% | |
Bajaj Housing Finance Limited | 11.16% | 0% |
See all
Mahindra Manulife Short Duration Fund Direct Growth: Monthly Changes Updates
All changes are between Dec'22 and Feb'23
Fund Performance
- This fund’s returns stands at 0.31% whereas the fund’s underlying benchmark Short Duration Index returns stands at 0.23% as on Feb'23
- This fund outperformed Short Duration Index by 0.08% in Feb'23
AUM Change
- AUM of the fund stands at 43.1 Cr as of Feb'23
- AUM increased by 0.3 Cr between Feb'23 and Jan'23
Fund Portfolio Changes
Top Stocks sold last month
Bajaj Housing Finance Limited's allocation decreased from 11.34 % to 11.21 %
Tata Capital Housing Finance Limited's allocation decreased from 11.28 % to 11.12 %
Debt allocation has gone up from 56.7% to 69.4%
Cash allocation has gone down from 43.3% to 30.6%
Top 2 Sectors in February were Government, Corporate
Feb'23
Government
70%
Corporate
22%
Jan'23
Government
57%
Corporate
22%
Peer Analysis
Mahindra Manulife Short Duration Fund Direct Growth Fund Manager
Rahul Pal
Fund Manager of Mahindra Manulife Short Duration Fund Direct Growth, since 23 February 2021
Top funds managed
Kush Sonigara
Fund Manager of Mahindra Manulife Short Duration Fund Direct Growth, since 23 February 2021
Fund Highlights
Low to Moderate Risk
Investors understand that their principal will be at Low to Moderate Risk
About the fund
This fund has delivered an average annual returns of 4.83% since inception which is less than its category average return of 5.61%
AUM size ₹44 Cr
This fund has AUM of ₹44 Cr which is less than its category average of ₹ 3338 Cr
Expense Ratio 0.29%
This fund has an expense ratio of 0.29% which is less than its category average expense ratio of 0.71%
Frequently Asked Questions
The current NAV of Mahindra Manulife Short Duration Fund Direct Growth is 11.03 as on 27-Mar-2023.
Existing (Absolute + CAGR)
Mahindra Manulife Short Duration Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.89% | 0.89% |
6 Month Returns | 3.54% | 3.54% |
1 Year Returns | 4.56% | 4.56% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
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.
0.29 as on February 2023
44 Cr as on February 2023
Yield to Maturity is 7.64 as on February 2023. 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 1.9 as on February 2023. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA | 100 |
Rahul Pal,Kush Sonigara are the fund managers of Mahindra Manulife Short Duration Fund Direct Growth
The Exit load of Mahindra Manulife Short Duration Fund Direct Growth is 0%