Mahindra Manulife Short Duration Fund Direct Growth

Debt
Direct
Short Duration
Mahindra Manulife Short Duration Fund Direct Growth

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 ₹51 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 Short Duration Fund Direct Growth has given a CAGR return of 5.97% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 7.60% and 5.79% respectively.

Holdings

Mahindra Manulife Short Duration Fund Direct Growth has allocated its funds majorly in Government, Corporate, Cash Equivalent. Its top holdings are 7.32% Govt Stock 2030, 8.34% Govt Stock 2033, Mindspace Business Parks Reit, Cholamandalam Investment And Fin. Co. Ltd, Power Finance Corporation Ltd.

Taxation

As it is a short 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 Short Duration Fund Direct Growth

The investment objective of the Scheme is to generate income and capital appreciation through an actively managed diversified portfolio of Debt & Money Market instruments such that the Macaulay duration of the portfolio is between 1 year to 3 years. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. 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 Short Duration Fund Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
5 people have invested ₹ 23.6K in Mahindra Manulife Short Duration Fund Direct Growth in the last three months

Fund Overview

Expense ratio0.29%
Benchmark
CRISIL Short Term Bond Fund TR INR
AUM₹51 Cr
Inception Date23 February, 2021
Min Lumpsum/SIP₹1000/₹500
Exit Load0%
Lock InNo Lock-in
TurnOver
190.9%
Risk
Risk meter
pointer
Moderate Risk

Fund Distribution
as on (31-Dec-69)

  • Debt & Cash 99.8%

AAA
74.6%

AA
25.4%

Sector Allocation

May'24

Apr'24

Mar'24

Government
47.7%
Corporate
46.7%
Cash Equivalent
5.6%
All changes are between Oct'69 and Dec'69

as on (31-May-24)

  • Debt & Cash

Holdings
Weight%
1M Change
7.32% Govt Stock 2030
7.32% Govt Stock 2030
32.74%
-5.7%
8.34% Govt Stock 2033
8.34% Govt Stock 2033
9.98%
0%
Mindspace Business Parks Reit
Mindspace Business Parks Reit
5.89%
0%
Cholamandalam Investment And Fin. Co. Ltd
Cholamandalam Investment And Fin. Co. Ltd
5.86%
0%
Power Finance Corporation Ltd.
Power Finance Corporation Ltd.
5.81%
0%

Rahul Pal
Rahul Pal
Fund Manager of Mahindra Manulife Short Duration Fund Direct Growth, since 23 February 2021
Kush Sonigara
Kush Sonigara
Fund Manager of Mahindra Manulife Short Duration Fund Direct Growth, since 23 February 2021
Top funds managed
Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Mahindra Manulife Equity Savings Fund Direct Growth
11.89%
9.08%

Mahindra Manulife Short 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 5.97% since inception which is more than its category average return of 5.64%
AUM size ₹51 Cr

AUM size ₹51 Cr

This fund has AUM of ₹51 Cr which is less than its category average of ₹ 3614 Cr
Expense Ratio 0.29%

Expense Ratio 0.29%

This fund has an expense ratio of 0.29% which is less than its category average expense ratio of 0.68%

Frequently Asked Questions

The current NAV of Mahindra Manulife Short Duration Fund Direct Growth is ₹12.12 as on 14-Jun-2024.
Existing (Absolute + CAGR) as on 14-Jun-2024.
Mahindra Manulife Short Duration Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.77%
0.77%
6 Month Returns
4.13%
4.13%
1 Year Returns
7.6%
7.6%
3 Years Returns
18.41%
5.79%
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 May 2024
₹51 Cr as on May 2024
7.32% Govt Stock 2030(32.74%), 8.34% Govt Stock 2033(9.98%), Mindspace Business Parks Reit(5.89%), Cholamandalam Investment And Fin. Co. Ltd(5.86%), Power Finance Corporation Ltd.(5.81%) as on May 2024
Government(47.69%), Corporate(46.66%), Cash Equivalent(5.65%) as on May 2024
Yield to Maturity is 7.82 as on May 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 2.72 as on May 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
74.57
AA
25.43
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%