Mahindra Manulife Ultra Short Duration Fund Direct Growth
Debt
Direct
Ultra Short Duration
NAV: ₹ 1191 as on 27-03-2023
Fund Performance
8 people have invested ₹ 11.5K in mutual fund in the last three months
Fund Insights
In the last 1 year, Nippon India Ultra Short Duration Fund Direct Growth Option has given 5.94% return, outperforming Mahindra Manulife Ultra Short Duration Fund Direct Growth by 0.4%
In the last 3 years, Nippon India Ultra Short Duration Fund Direct Growth Option has given 6.8% return, outperforming Mahindra Manulife Ultra Short Duration Fund Direct Growth by 1.88% per annum
Mahindra Manulife Ultra Short Duration Fund Direct Growth has one of the lowest expense ratio in the category (ultra short duration). Its expense ratio is 0.35% which is lower than the category average expense ratio of 0.55%
Mahindra Manulife Ultra Short Duration Fund Direct Growth Performance as on (27-Mar-23)
About the Fund
Mahindra Manulife Ultra Short Duration Fund Direct Growth is a debt fund. This fund was started on 18 October, 2019. The fund is managed by Rahul Pal, Amit Garg. This fund is suitable to keep your money safe.
Key parameters
1) Mahindra Manulife Ultra Short Duration Fund Direct Growth has a NAV of ₹1190.9575 as on 27-03-2023.
2) Mahindra Manulife Ultra Short Duration Fund Direct Growth has ₹150 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 0.35 %.
Mahindra Manulife Ultra Short Duration Fund Direct Growth Overview
 | 0.35% |
 Benchmark | CRISIL Liquid Fund TR INR |
 | ₹150 Cr |
 | 18 October, 2019 |
 | ₹1000/₹500 |
 | 0% |
 | No Lock-in |
 TurnOver | 213.3% |
Fund Distribution as on (28-Feb-23)
Credit rating breakup
AAA
88.5%
AA
11.5%
Sector Allocation
Cash Equivalent
45.9%
Corporate
31.1%
Government
23%
Top Holdings of Mahindra Manulife Ultra Short Duration Fund Direct Growth as on (28-Feb-23)
Debt Holdings23
Holdings | Weight% | Holdings Trend | 1M Change |
|---|---|---|---|
 Tata Realty And Infrastructure Limited | 5.86% | 0% | |
L&T Metro Rail (Hyderabad) Limited | 5.84% | 100% | |
Housing And Urban Development Corporation Limited | 5.83% | 0% | |
Kotak Mahindra Investments Limited | 5.75% | 0% | |
ICICI Bank Limited | 5.74% | 0% |
See all
Mahindra Manulife Ultra 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 0.50% whereas the fund’s underlying benchmark Ultra Short Duration Index returns stands at 0.42% as on Feb'23
- This fund outperformed Ultra Short Duration Index by 0.08% in Feb'23
AUM Change
- AUM of the fund stands at 170.1 Cr as of Feb'23
- AUM decreased by 14.9 Cr between Feb'23 and Jan'23
Fund Portfolio Changes
Top Stocks bought last month
Tata Realty And Infrastructure Limited's allocation increased from 5.25% to 5.56%
Housing And Urban Development Corporation Limited's allocation increased from 5.22% to 5.52%
The Tata Power Company Limited's allocation increased from 5.27% to 5.57%
Debt allocation has gone down from 24% to 23.2%
Cash allocation has gone up from 76% to 76.8%
Top 2 Sectors in February were Corporate, Government
Feb'23
Corporate
31%
Government
23%
Jan'23
Corporate
29%
Government
22%
Peer Analysis
Mahindra Manulife Ultra Short Duration Fund Direct Growth Fund Manager
Rahul Pal
Fund Manager of Mahindra Manulife Ultra Short Duration Fund Direct Growth, since 18 October 2019
Top funds managed
Amit Garg
Fund Manager of Mahindra Manulife Ultra Short Duration Fund Direct Growth, since 8 June 2020
Top funds managed
Fund Highlights
Moderate Risk
Investors understand that their principal will be at Moderate Risk
About the fund
This fund has delivered an average annual returns of 5.2% since inception which is less than its category average return of 7.07%
AUM size ₹150 Cr
This fund has AUM of ₹150 Cr which is less than its category average of ₹ 2811 Cr
Expense Ratio 0.35%
This fund has an expense ratio of 0.35% which is less than its category average expense ratio of 0.62%
Frequently Asked Questions
The current NAV of Mahindra Manulife Ultra Short Duration Fund Direct Growth is 1190.96 as on 27-Mar-2023.
Existing (Absolute + CAGR)
Mahindra Manulife Ultra Short Duration Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.58% | 0.58% |
6 Month Returns | 3.37% | 3.37% |
1 Year Returns | 5.54% | 5.54% |
3 Years Returns | 15.47% | 4.91% |
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.
0.35 as on February 2023
150 Cr as on February 2023
Yield to Maturity is 7.81 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 0.39 as on February 2023. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA | 88.47 |
AA | 11.53 |
Rahul Pal,Amit Garg are the fund managers of Mahindra Manulife Ultra Short Duration Fund Direct Growth
The Exit load of Mahindra Manulife Ultra Short Duration Fund Direct Growth is 0%