Mahindra Manulife Low Duration Fund Direct Growth
Debt
Direct
Low Duration
NAV: ₹ 1603.65 as on 16-05-2024
About the Fund
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
- Mahindra Manulife Low Duration Fund Direct Growth has ₹561 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.3.
Fund Performance
67 people have invested ₹ 16L in Mahindra Manulife Low Duration Fund Direct Growth in the last three months
Overview
 | 0.3% |
 Benchmark | CRISIL Liquid Fund TR INR |
 | ₹561 Cr |
 | 15 February, 2017 |
 | ₹1000/₹500 |
 | 0% |
 | No Lock-in |
 TurnOver | 186.09% |
Mahindra Manulife Low Duration Fund Direct Growth Distribution as on (31-Dec-69)
Credit rating breakup
AAA
68.9%
AA
31.1%
Sector Allocation
Corporate
58.2%
Cash Equivalent
21.8%
Government
20%
Top Holdings of Mahindra Manulife Low Duration Fund Direct Growth as on (30-Apr-24)
Debt Holdings36
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Axis Bank Limited | 5.09% | 0% | |
Godrej Industries Limited | 5.02% | 185% | |
Shriram Finance Limited | 4.48% | 100% | |
Small Industries Development Bank Of India | 4.44% | 0% | |
National Bank For Agriculture And Rural Development | 4.42% | 0% |
See all
Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 561.1 Cr as of Apr'24
- AUM increased by 61.9 Cr between Apr'24 and Mar'24
Fund Portfolio Changes
Mutual Fund Insights
In the last 1 year, ICICI Prudential Savings Fund Direct Plan Growth has given 7.95% return, outperforming this fund by 0.25%.
In the last 3 years, UTI - Low Duration Fund - Direct Plan - Growth Option has given 7.46% return, outperforming this fund by 1.62% per annum.
In the last 5 years, Aditya Birla Sun Life Low Duration Direct Plan Growth has given 6.88% return, outperforming this fund by 0.55% per annum.
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%.
Over the last 6 months, this fund has experienced a 18.1% growth in AUM moving from 475.3 Cr to 561.13 Cr.
Peer Analysis
Fund Manager
Rahul Pal
Fund Manager of Mahindra Manulife Low Duration Fund Direct Growth, since 15 February 2017
Top funds managed
Mahindra Manulife Low Duration Fund Direct Growth 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 6.73% since inception which is more than its category average return of 4.97%
AUM size ₹561 Cr
This fund has AUM of ₹561 Cr which is less than its category average of ₹ 3689 Cr
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
The current NAV of Mahindra Manulife Low Duration Fund Direct Growth is ₹1603.65 as on 16-May-2024.
Existing (Absolute + CAGR) as on 16-May-2024.
Mahindra Manulife Low Duration Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.65% | 0.65% |
6 Month Returns | 3.89% | 3.89% |
1 Year Returns | 7.7% | 7.7% |
3 Years Returns | 18.57% | 5.84% |
5 Years Returns | 35.95% | 6.33% |
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 April 2024
₹561 Cr as on April 2024
Axis Bank Limited(5.09%), Godrej Industries Limited(5.02%), Shriram Finance Limited(4.48%), Small Industries Development Bank Of India(4.44%), National Bank For Agriculture And Rural Development(4.42%) as on April 2024
Corporate(58.18%), Cash Equivalent(21.8%), Government(20.02%) as on April 2024
Yield to Maturity is 7.91 as on April 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 0.93 as on April 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA | 68.87 |
AA | 31.13 |
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%