Mahindra Manulife Ultra Short Duration Fund

Mahindra Manulife Ultra Short Duration Fund

Debt

Mahindra Mutual Fund

Ultra Short Duration

Get the latest NAV of Mahindra Manulife Ultra Short Duration Fund. 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.

₹1469.10

NAV as on 13 Mar 2026

6.19%/per year

Since Inception

Absolute Gain%

▲▼

14 people have invested ₹ 2L in Mahindra Manulife Ultra Short Duration Fund in the last three months

Mahindra Manulife Ultra Short Duration Fund Performance vs. Ultra Short Duration Index

Fund returns vs Benchmark returns vs Category Average returns as on (13-Mar-26)

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

Period
1M
3M
6M
1Y
3Y
5Y
This Fund
0.37%
1.35%
2.91%
6.84%
7.34%
6.26%
Ultra Short Duration Index
0.28%
1.11%
2.45%
5.97%
6.02%
5.3%
Ultra Short Duration Avg
0.27%
1.11%
2.5%
6.27%
6.72%
5.81%
Best in Ultra Short Duration
0.41%
1.5%
3.14%
7.32%
7.63%
7.5%
Worst in Ultra Short Duration
0.3%
1.24%
2.71%
6.1%
6.46%
5.42%

Peer comparison

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 Ultra Short Duration Fund
-
217Cr
0.28%
6.84%
7.34%
-0.01
0.94
2.56
6.19
-0.49
Tata Ultra Short Term Fund
1/17
3,793Cr
0.29%
7.12%
7.5%
0.19
0.87
3.25
11.40
0.71
ICICI Prudential Ultra Short Term Fund
2/17
16,816Cr
0.39%
7.19%
7.5%
0.10
1.00
2.89
9.75
0.72
DSP Ultra Short Fund
3/17
3,714Cr
0.3%
6.86%
7.43%
0.10
0.92
2.59
7.38
0.18
See all

Mahindra Manulife Ultra Short Duration Fund Returns Calculator

Calculate SIP and lumpsum returns based on historical performance

  • 1-time

  • SIP

Total Investment

0

Profit

Total Corpus

0

Absolute Return
▲
▼

Mahindra Manulife Ultra Short Duration Fund Asset Allocation

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

Fund Distribution

as on (14-Mar-26)

AAA
80.9%
AA
19.1%
Debt allocation has gone down from 55.8% to 50.4%
Debt allocation has gone down from 55.8% to 50.4%
Cash allocation has gone up from 43.8% to 49.3%
Cash allocation has gone up from 43.8% to 49.3%

Mahindra Manulife Ultra Short Duration Fund Sector Allocation

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

Sector Allocation

Corporate
61.2%
Cash Equivalent
23%
Government
15.8%

Top 2 Sectors in February were Corporate, Government

Feb'26

Corporate

60%

Government

9%

Jan'26

Corporate

65%

Government

9%

Mahindra Manulife Ultra Short Duration Fund Overview

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

Expense ratio0.28%
Benchmark
CRISIL Ultra Short Dura Debt A-I TR INR
AUM₹217 Cr
Inception Date18 October, 2019
Min Lumpsum/SIP₹1,000/₹500
Exit Load0%
Lock InNo Lock-in
TurnOver
187.65%
Risk
Risk meter
pointer
Moderate Risk

About Mahindra Manulife Ultra Short Duration Fund

Mahindra Manulife Ultra Short Duration Fund is a debt fund. This fund was started on 18 October, 2019. The fund is managed by Amit Garg, Rahul Pal. This fund is suitable to keep your money safe.

Key Parameters

  1. Mahindra Manulife Ultra Short Duration Fund has ₹217 Cr worth of assets under management (AUM) as on Mar 2026 and is more than category average.
  2. The fund has an expense ratio 0.3.

Returns

Mahindra Manulife Ultra Short Duration Fund has given a CAGR return of 6.19% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 6.84%, 7.34% and 6.26% respectively.

Holdings

Mahindra Manulife Ultra Short Duration Fund has allocated its funds majorly in Corporate, Cash Equivalent, Government. Its top holdings are Rec Limited, Small Industries Development Bank Of India, Canara Bank, HDFC Bank Limited, Tata Capital Housing Finance Limited

Taxation

As it is a ultra 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:
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 Ultra Short Duration Fund

The investment objective of the Scheme is to generate regular income and capital appreciation through investment in a portfolio of short term debt & money market instruments such that the Macaulay duration of the portfolio is between 3 - 6 months. 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 Ultra Short Duration Fund has no lock in period.

Fund Manager

Amit Garg

Fund Manager of Mahindra Manulife Ultra Short Duration Fund, since 8 June 2020

Rahul Pal

Fund Manager of Mahindra Manulife Ultra Short Duration Fund, since 18 October 2019

Learn more about Mahindra Mutual Fund
Parameters
Feb'26
Jan'26
Dec'25
AUM
₹ 217 Cr
₹ 216.4 Cr
₹ 218.9 Cr
  • AUM of the fund stands at 217 Cr as of Feb'26
  • AUM increased by 0.7 Cr between Feb'26 and Jan'26

Frequently Asked Questions for Mahindra Manulife Ultra Short Duration Fund

How do I invest in Mahindra Manulife Ultra Short Duration Fund?

INDmoney makes it simple to invest in the Mahindra Manulife Ultra Short Duration Fund. To do so, follow the steps below:
  • Download the INDmoney app.
  • Search for ‘Mahindra Manulife Ultra Short Duration 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 Ultra Short Duration Fund?

The NAV of the fund today is ₹1469.10. 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 Ultra Short Duration Fund fund has generated a return of 6.84% in 1 year, 7.34% in 3 years, 6.26% in 5 years.

Who is the fund manager of Mahindra Manulife Ultra Short Duration Fund?

The fund managers are Amit Garg, Rahul Pal.

What is the expense ratio of the fund?

The expense ratio is 0.28%. 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 ₹217 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 Ultra Short Duration Fund?

The top 3 holdings of the fund are Rec Limited(8.3%), Small Industries Development Bank Of India(8.29%), Canara Bank(7.91%)