Mahindra Manulife Dynamic Bond Fund Direct Growth

Fund Overview

Fund Size

₹86 Cr

Expense Ratio

0.39%

ISIN

INF174V01580

Minimum SIP

₹1,000

Exit Load

No Charges

Inception Date

20 Aug 2018

About this fund

Mahindra Manulife Dynamic Bond Fund Direct Growth is a Dynamic Bond mutual fund schemes offered by Mahindra Manulife Mutual Fund. This fund has been in existence for 7 years, 5 months and 1 days, having been launched on 20-Aug-18.
As of 19-Jan-26, it has a Net Asset Value (NAV) of ₹15.73, Assets Under Management (AUM) of 86.00 Crores, and an expense ratio of 0.39%.

Mahindra Manulife Dynamic Bond Fund Direct Growth has given a CAGR return of 6.28% since inception.
The fund's asset allocation comprises around 1.86% in equities, 79.72% in debts, and 18.09% in cash & cash equivalents.
You can start investing in Mahindra Manulife Dynamic Bond Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹1000.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+6.87%

+5.34% (Cat Avg.)

3 Years

+7.66%

+6.92% (Cat Avg.)

5 Years

+5.76%

+5.71% (Cat Avg.)

Since Inception

+6.28%

— (Cat Avg.)

Portfolio Summaryas of 31st December 2025

Equity	₹1.6 Cr	1.86%
Debt	₹68.56 Cr	79.72%
Others	₹15.83 Cr	18.41%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
7.24% Govt Stock 2055	Bond - Gov't/Treasury	₹16.95 Cr	19.71%
State Government Securities	Bond - Gov't/Treasury	₹9.87 Cr	11.48%
Small Industries Development Bank Of India	Bond - Corporate Bond	₹7.09 Cr	8.24%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹5.09 Cr	5.92%
Muthoot Finance Limited	Bond - Corporate Bond	₹5.07 Cr	5.90%
Bajaj Finance Limited	Bond - Corporate Bond	₹5 Cr	5.81%
Godrej Seeds & Genetics Limited	Bond - Corporate Bond	₹4.98 Cr	5.79%
6.48% Govt Stock 2035	Bond - Gov't/Treasury	₹4.96 Cr	5.76%
State Government Securities	Bond - Gov't/Treasury	₹4.93 Cr	5.73%
Reverse Repo	Cash - Repurchase Agreement	₹4.23 Cr	4.92%
Net Receivables / (Payables)	Cash	₹3.95 Cr	4.59%
Bank Of Baroda	Cash - CD/Time Deposit	₹3.91 Cr	4.55%
Axis Bank Limited	Cash - CD/Time Deposit	₹2.96 Cr	3.45%
360 One Prime Limited	Bond - Corporate Bond	₹2.52 Cr	2.93%
TVS Credit Services Limited	Bond - Corporate Bond	₹2.1 Cr	2.44%
Nexus Select Trust Reits	Equity - REIT	₹0.91 Cr	1.06%
Embassy Office Parks REIT	Equity - REIT	₹0.69 Cr	0.81%
Triparty Repo	Cash - Repurchase Agreement	₹0.5 Cr	0.58%
Corporate Debt Market Development Fund Class A2	Mutual Fund - Open End	₹0.28 Cr	0.32%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

Instruments	Amount	Holdings
Bond - Gov't/Treasury	₹36.72 Cr	42.69%
Bond - Corporate Bond	₹31.84 Cr	37.03%
Cash - CD/Time Deposit	₹6.88 Cr	8.00%
Cash - Repurchase Agreement	₹4.73 Cr	5.50%
Cash	₹3.95 Cr	4.59%
Equity - REIT	₹1.6 Cr	1.86%
Mutual Fund - Open End	₹0.28 Cr	0.32%

Risk & Performance Ratios

Fund Managers

Rahul Pal

Since August 2018

Kush Sonigara

Since January 2026

Additional Scheme Detailsas of 31st December 2025

ISIN

INF174V01580

Expense Ratio

0.39%

Exit Load

No Charges

Fund Size

₹86 Cr

Age

7 years 5 months

Lumpsum Minimum

₹1,000

Fund Status

Open Ended Investment Company

Benchmark

CRISIL Dynamic Bond A-III TR INR

Investment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

Capital Gains Taxation:

Dividend Taxation:

Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar Dynamic Bond Funds

Fund name	Expense Ratio	Exit Load	Fund size	1Y
ICICI Prudential All Seasons Bond Fund Direct Growth Moderately High risk	0.6%	0.0%	₹14944.14 Cr	7.4%
Union Dynamic Bond Fund Regular Growth Moderate Risk	1.6%	1.0%	₹102.69 Cr	3.1%
HSBC Dynamic Bond Fund Direct Growth Moderate Risk	0.3%	0.0%	₹158.33 Cr	5.7%
SBI Dynamic Bond Direct Growth Moderate Risk	0.6%	0.0%	₹4468.55 Cr	6.3%
PGIM India Dynamic Bond Direct Growth Moderate Risk	0.4%	0.0%	₹97.45 Cr	5.9%
Bandhan Dynamic Bond Fund Direct Growth Moderate Risk	0.7%	0.0%	₹2434.54 Cr	4.7%
Nippon India Dynamic Bond Fund Direct Growth Moderate Risk	0.3%	0.0%	₹4387.69 Cr	6.9%
JM Dynamic Bond Fund Direct Growth Moderate Risk	0.4%	0.0%	₹58.47 Cr	6.8%
Kotak Dynamic Bond Fund Direct Growth Moderately High risk	0.6%	0.0%	₹2677.11 Cr	6.3%
Mirae Asset Dynamic Bond Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹117.14 Cr	7.7%
Mirae Asset Dynamic Bond Fund Regular Growth Low to Moderate Risk	1.0%	0.0%	₹117.14 Cr	6.8%
Quantum Dynamic Bond Fund Direct Growth Moderate Risk	0.5%	0.0%	₹118.34 Cr	6.1%
PGIM India Dynamic Bond Regular Growth Moderate Risk	1.6%	0.0%	₹97.45 Cr	4.6%
ITI Dynamic Bond Fund Regular Growth Moderate Risk	1.2%	0.0%	₹114.99 Cr	3.6%
Axis Dynamic Bond Fund Regular Growth Moderate Risk	0.6%	0.0%	₹1174.68 Cr	6.8%
ITI Dynamic Bond Fund Direct Growth Moderate Risk	0.1%	0.0%	₹114.99 Cr	4.7%
360 ONE Dynamic Bond Fund Regular Growth Moderately High risk	0.5%	0.0%	₹645.92 Cr	7.9%
360 ONE Dynamic Bond Fund Direct Growth Moderately High risk	0.3%	0.0%	₹645.92 Cr	8.2%
UTI Dynamic Bond Fund Regular Growth Moderate Risk	1.6%	0.0%	₹430.04 Cr	5.8%
Quantum Dynamic Bond Fund Regular Growth Moderate Risk	1.0%	0.0%	₹118.34 Cr	5.6%
ICICI Prudential All Seasons Bond Fund Regular Growth Moderately High risk	1.3%	0.0%	₹14944.14 Cr	6.7%
DSP Strategic Bond Fund Regular Growth Moderate Risk	1.2%	0.0%	₹1234.25 Cr	3.6%
HSBC Dynamic Bond Fund Regular Growth Moderate Risk	0.6%	0.0%	₹158.33 Cr	5.1%
UTI Dynamic Bond Fund Direct Growth Moderate Risk	0.7%	0.0%	₹430.04 Cr	6.7%
Axis Dynamic Bond Fund Direct Growth Moderate Risk	0.3%	0.0%	₹1174.68 Cr	7.1%
HDFC Dynamic Debt Fund Direct Growth Moderate Risk	0.8%	0.0%	₹726.53 Cr	4.9%
Aditya Birla Sun Life Dynamic Bond Fund Direct Growth Moderately High risk	0.6%	0.0%	₹1877.78 Cr	7.2%
Baroda BNP Paribas Dynamic Bond Fund Direct Growth Moderate Risk	0.7%	0.0%	₹170.36 Cr	4.5%
Canara Robeco Dynamic Bond Direct Growth Moderate Risk	0.7%	0.0%	₹105.27 Cr	4.2%
Union Dynamic Bond Fund Direct Growth Moderate Risk	1.3%	1.0%	₹102.69 Cr	3.4%
DSP Strategic Bond Fund Direct Growth Moderate Risk	0.5%	0.0%	₹1234.25 Cr	4.3%
Groww Dynamic Bond Fund Direct Growth Moderate Risk	0.5%	0.0%	₹78.62 Cr	4.6%
Aditya Birla Sun Life Dynamic Bond Fund Regular Growth Moderately High risk	1.2%	0.0%	₹1877.78 Cr	6.5%
JM Dynamic Bond Fund Regular Growth Moderate Risk	1.0%	0.0%	₹58.47 Cr	6.3%
Groww Dynamic Bond Fund Regular Growth Moderate Risk	1.3%	0.0%	₹78.62 Cr	3.8%
Baroda BNP Paribas Dynamic Bond Fund Regular Growth Moderate Risk	1.7%	0.0%	₹170.36 Cr	3.5%
SBI Dynamic Bond Regular Growth Moderate Risk	1.4%	0.0%	₹4468.55 Cr	5.5%
Mahindra Manulife Dynamic Bond Fund Regular Growth Moderately High risk	1.6%	0.0%	₹86.00 Cr	5.6%
Mahindra Manulife Dynamic Bond Fund Direct Growth Moderately High risk	0.4%	0.0%	₹86.00 Cr	6.9%
Nippon India Dynamic Bond Fund Regular Growth Moderate Risk	0.8%	0.0%	₹4387.69 Cr	6.4%
Bandhan Dynamic Bond Fund Regular Growth Moderate Risk	1.6%	0.0%	₹2434.54 Cr	3.8%
HDFC Dynamic Debt Fund Regular Growth Moderate Risk	1.4%	0.0%	₹726.53 Cr	4.2%
Kotak Dynamic Bond Fund Regular Growth Moderately High risk	1.3%	0.0%	₹2677.11 Cr	5.5%
Canara Robeco Dynamic Bond Regular Growth Moderate Risk	1.8%	0.0%	₹105.27 Cr	3.0%

About the AMC

Mahindra Manulife Mutual Fund

022-66327900

https://www.mahindramanulife.com/

Total AUM

₹33,324 Cr

Address

570 P. B. Marg, Worli, Mumbai 400018, Mumbai, 400018

Other Funds by Mahindra Manulife Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Mahindra Manulife Innovation Opportunities Fund Direct Growth Very High Risk	-	0.0%	-	-
Mahindra Manulife Income Plus Arbitrage Active FOF Direct Growth Moderate Risk	-	0.0%	₹34.37 Cr	-
Mahindra Manulife Banking & Financial Services Fund Direct Growth Very High Risk	0.6%	0.0%	₹380.46 Cr	-
Mahindra Manulife Value Fund Direct Growth Very High Risk	0.5%	0.0%	₹660.46 Cr	-
Mahindra Manulife Manufacturing Fund Direct Growth Very High Risk	0.7%	0.0%	₹741.05 Cr	6.2%
Mahindra Manulife Multi Asset Allocation Fund Direct Growth Very High Risk	0.3%	0.0%	₹930.83 Cr	24.0%
Mahindra Manulife Business Cycle Fund Direct Growth Very High Risk	0.5%	1.0%	₹1305.64 Cr	12.3%
Mahindra Manulife Large Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹755.51 Cr	12.2%
Mahindra Manulife Liquid Fund Direct Growth Moderate Risk	0.1%	0.0%	₹1215.68 Cr	6.5%
Mahindra Manulife Large & Mid Cap Fund Direct Growth Very High Risk	0.5%	1.0%	₹2776.86 Cr	8.5%
Mahindra Manulife ELSS Fund Direct Growth Very High Risk	0.6%	0.0%	₹973.16 Cr	10.7%
Mahindra Manulife Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹85.25 Cr	5.8%
Mahindra Manulife Small Cap Fund Direct Growth Very High Risk	0.4%	1.0%	₹4223.69 Cr	1.2%
Mahindra Manulife Flexi Cap Fund Direct Growth Very High Risk	0.4%	1.0%	₹1596.73 Cr	10.4%
Mahindra Manulife Consumption Fund Direct Growth Very High Risk	0.6%	1.0%	₹559.43 Cr	4.1%
Mahindra Manulife Focused Fund Direct Growth Very High Risk	0.4%	1.0%	₹2227.85 Cr	9.7%
Mahindra Manulife Asia Pacific REITs FOF Direct Growth Very High Risk	0.5%	1.0%	₹42.10 Cr	30.4%
Mahindra Manulife Equity Savings Fund Direct Growth Moderately High risk	0.7%	1.0%	₹566.91 Cr	9.2%
Mahindra Manulife Multi Cap Fund Direct Growth Very High Risk	0.4%	1.0%	₹6132.78 Cr	9.4%
Mahindra Manulife Dynamic Bond Fund Direct Growth Moderately High risk	0.4%	0.0%	₹86.00 Cr	6.9%
Mahindra Manulife Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹218.94 Cr	7.0%
Mahindra Manulife Short Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹97.84 Cr	7.8%
Mahindra Manulife Mid Cap Fund Direct Growth Very High Risk	0.5%	1.0%	₹4294.84 Cr	7.8%
Mahindra Manulife Arbitrage Fund Direct Growth Low Risk	0.2%	0.0%	₹99.77 Cr	6.2%
Mahindra Manulife Low Duration Fund Direct Growth Moderate Risk	0.3%	0.0%	₹599.35 Cr	7.5%
Mahindra Manulife Aggressive Hybrid Fund Direct Growth Very High Risk	0.5%	1.0%	₹2108.49 Cr	10.5%
Mahindra Manulife Balanced Advantage Fund Direct Growth Very High Risk	0.5%	1.0%	₹928.21 Cr	8.1%

Risk Level

Your principal amount will be at Moderately High risk

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What is the current NAV of Mahindra Manulife Dynamic Bond Fund Direct Growth?

The NAV of Mahindra Manulife Dynamic Bond Fund Direct Growth, as of 19-Jan-2026, is ₹15.73.

What are the returns of Mahindra Manulife Dynamic Bond Fund Direct Growth?

The fund has generated 6.87% over the last 1 year and 7.66% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.

What is the portfolio composition of Mahindra Manulife Dynamic Bond Fund Direct Growth?

The fund's allocation of assets is distributed as 1.86% in equities, 79.72% in bonds, and 18.09% in cash and cash equivalents.

Who manages the Mahindra Manulife Dynamic Bond Fund Direct Growth?

The fund managers responsible for Mahindra Manulife Dynamic Bond Fund Direct Growth are:-

Rahul Pal
Kush Sonigara

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

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Mahindra Manulife Dynamic Bond Fund Direct Growth

Fund Overview