Mahindra Manulife Liquid Fund Direct Growth
Capital PreservationLiquidModerate Risk
Direct
NAV (25-Sep-26)
Returns (Since Inception)
Fund Overview
Fund Size
₹1,392 Cr
Expense Ratio
0.15%
ISIN
INF174V01044
Minimum SIP
₹1,000
Exit Load
No Charges
Inception Date
04 Jul 2016
About this fund
As of 25-Sep-26, it has a Net Asset Value (NAV) of ₹1854.44, Assets Under Management (AUM) of 1392.28 Crores, and an expense ratio of 0.15%.
- Mahindra Manulife Liquid Fund Direct Growth has given a CAGR return of 6.22% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 0.00% in debts, and 99.78% in cash & cash equivalents.
- You can start investing in Mahindra Manulife Liquid 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
+6.53%
+5.82% (Cat Avg.)
3 Years
+6.98%
+6.36% (Cat Avg.)
5 Years
+6.41%
+5.84% (Cat Avg.)
10 Years
+6.20%
+5.20% (Cat Avg.)
Since Inception
+6.22%
— (Cat Avg.)
Portfolio Summaryas of 15th September 2026
| Others | ₹1,392.28 Cr | 100.00% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| India (Republic of) | Bond - Short-term Government Bills | ₹99.02 Cr | 6.53% |
| Reverse Repo | Cash - Repurchase Agreement | ₹76.85 Cr | 5.07% |
| Ntpc Limited | Cash - Commercial Paper | ₹74.92 Cr | 4.94% |
| HDFC Bank Ltd. | Bond - Corporate Bond | ₹64.95 Cr | 4.28% |
| Small Industries Development Bank Of India | Cash - Commercial Paper | ₹49.96 Cr | 3.29% |
| Export-Import Bank Of India | Cash - Commercial Paper | ₹49.96 Cr | 3.29% |
| ICICI Home Finance Company Limited | Cash - Commercial Paper | ₹49.91 Cr | 3.29% |
| Godrej Industries Limited | Cash - Commercial Paper | ₹49.9 Cr | 3.29% |
| Union Bank of India | Bond - Corporate Bond | ₹49.79 Cr | 3.28% |
| HDFC Bank Ltd. | Bond - Corporate Bond | ₹49.75 Cr | 3.28% |
| Rec Limited | Cash - Commercial Paper | ₹49.71 Cr | 3.28% |
| Union Bank of India | Bond - Corporate Bond | ₹49.71 Cr | 3.28% |
| India (Republic of) | Bond - Short-term Government Bills | ₹49.71 Cr | 3.28% |
| Small Industries Dev Bank Of India | Cash - CD/Time Deposit | ₹49.68 Cr | 3.27% |
| Tata Realty And Infrastructure Limited | Cash - Commercial Paper | ₹49.65 Cr | 3.27% |
| Bharat Petroleum Corporation Limited | Cash - Commercial Paper | ₹49.52 Cr | 3.26% |
| Sharekhan Limited | Cash - Commercial Paper | ₹39.46 Cr | 2.60% |
| HDFC Securities Limited | Cash - Commercial Paper | ₹34.65 Cr | 2.28% |
| India (Republic of) | Bond - Gov't/Treasury | ₹25.65 Cr | 1.69% |
| Godrej Properties Limited | Cash - Commercial Paper | ₹25 Cr | 1.65% |
| India (Republic of) | Bond - Short-term Government Bills | ₹25 Cr | 1.65% |
| Bharti Telecom Limited | Cash - Commercial Paper | ₹24.99 Cr | 1.65% |
| Rec Limited | Cash - Commercial Paper | ₹24.98 Cr | 1.65% |
| Godrej Properties Limited | Cash - Commercial Paper | ₹24.97 Cr | 1.65% |
| Nuvama Wealth Finance Limited | Cash - Commercial Paper | ₹24.97 Cr | 1.65% |
| Kotak Securities Ltd | Cash - Commercial Paper | ₹24.96 Cr | 1.65% |
| JM Financial Services Limited | Cash - Commercial Paper | ₹24.93 Cr | 1.64% |
| Small Industries Development Bank Of India | Cash - CD/Time Deposit | ₹24.79 Cr | 1.63% |
| JM Financial Services Limited | Cash - Commercial Paper | ₹24.76 Cr | 1.63% |
| Tata Housing Development Co Ltd. | Cash - Commercial Paper | ₹24.7 Cr | 1.63% |
| Tata Realty And Infrastructure Limited | Cash - Commercial Paper | ₹24.7 Cr | 1.63% |
| DSP Finance Pvt Ltd. | Cash - Commercial Paper | ₹24.69 Cr | 1.63% |
| Motilal Oswal Financial Services Ltd | Cash - Commercial Paper | ₹24.67 Cr | 1.63% |
| Indian Bank | Cash - CD/Time Deposit | ₹24.67 Cr | 1.63% |
| Tata Housing Development Company Limited 2026 ** | Cash | ₹24.61 Cr | 1.62% |
| Jm Financial Services Limited 2026 ** | Cash | ₹24.58 Cr | 1.62% |
| India (Republic of) | Bond - Short-term Government Bills | ₹19.9 Cr | 1.31% |
| Nuvama Wealth and Investment Ltd. | Cash - Commercial Paper | ₹19.73 Cr | 1.30% |
| Fedbank Financial Services Ltd | Cash - Commercial Paper | ₹14.89 Cr | 0.98% |
| Nuvama Wealth And Investment Ltd 2026 ** | Cash | ₹14.74 Cr | 0.97% |
| India (Republic of) | Bond - Short-term Government Bills | ₹5.24 Cr | 0.35% |
| Corporate Debt Market Development Fund Class A2 | Mutual Fund - Unspecified | ₹3.37 Cr | 0.22% |
| Triparty Repo | Cash - Repurchase Agreement | ₹2.92 Cr | 0.19% |
| 08/10/2026 Maturing 364 DTB | Bond - Gov't/Treasury | ₹2.09 Cr | 0.14% |
| Net Receivables / (Payables) | Cash | ₹-0.76 Cr | 0.05% |
| Margin Placed With Ccil & Arcl | Cash | ₹0 Cr | 0.00% |
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Cash - Commercial Paper | ₹830.62 Cr | 54.76% |
| Bond - Corporate Bond | ₹214.19 Cr | 14.12% |
| Bond - Short-term Government Bills | ₹198.86 Cr | 13.11% |
| Cash - CD/Time Deposit | ₹99.14 Cr | 6.54% |
| Cash - Repurchase Agreement | ₹79.77 Cr | 5.26% |
| Cash | ₹63.17 Cr | 4.26% |
| Bond - Gov't/Treasury | ₹27.74 Cr | 1.83% |
| Mutual Fund - Unspecified | ₹3.37 Cr | 0.22% |
Risk & Performance Ratios
Standard Deviation
This fund
0.20%
Cat. avg.
0.35%
Lower the better
Sharpe Ratio
This fund
3.21
Cat. avg.
0.24
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
12.71
Higher the better
Fund Managers
Rahul Pal
Since July 2016
Amit Garg
Since June 2020
Additional Scheme Detailsas of 15th September 2026
ISIN INF174V01044 | Expense Ratio 0.15% | Exit Load No Charges | Fund Size ₹1,392 Cr | Age 10 years 2 months | Lumpsum Minimum ₹1,000 | Fund Status Open Ended Investment Company | Benchmark CRISIL Liquid Debt A-I 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 Liquid Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| UTI Liquid Fund Regular Growth Moderate Risk | 0.3% | 0.0% | ₹29217.85 Cr | 6.4% |
| JioBlackRock Liquid Fund Regular Growth Low to Moderate Risk | 0.2% | 0.0% | ₹12173.43 Cr | - |
| ASK Liquid Fund Direct Growth Low to Moderate Risk | - | 0.0% | - | - |
| ASK Liquid Fund Regular Growth Low to Moderate Risk | - | 0.0% | - | - |
| UTI Liquid Fund Direct Growth Moderate Risk | 0.2% | 0.0% | ₹29217.85 Cr | 6.5% |
| UTI Liquid Fund Regular Growth Moderate Risk | 0.3% | 0.0% | ₹29217.85 Cr | 6.4% |
| The Wealth Company Liquid Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹817.92 Cr | - |
| Abakkus Liquid Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹559.10 Cr | - |
| Abakkus Liquid Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹559.10 Cr | - |
| Capitalmind Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹98.25 Cr | - |
| Capitalmind Liquid Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹98.25 Cr | - |
| The Wealth Company Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹817.92 Cr | - |
| JioBlackRock Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹12173.43 Cr | 6.6% |
| Unifi Liquid Fund Regular Growth Low to Moderate Risk | 0.1% | 0.0% | ₹51.79 Cr | 5.8% |
| Unifi Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹51.79 Cr | 5.9% |
| ICICI Prudential BSE Liquid Rate ETF - Growth Low Risk | 0.3% | - | ₹1247.38 Cr | 5.0% |
| Shriram Liquid Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹496.82 Cr | 6.3% |
| Shriram Liquid Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹496.82 Cr | 6.2% |
| DSP S&P BSE Liquid Rate ETF Low Risk | 0.3% | - | ₹1904.83 Cr | 4.9% |
| HDFC Nifty 1D Rate Liquid ETF Low Risk | 0.5% | - | ₹29.44 Cr | 5.3% |
| Kotak Quarterly Interval Series 12 Direct Growth Low to Moderate Risk | - | 0.0% | - | - |
| Kotak Quarterly Interval Series 12 Regular Growth Low to Moderate Risk | - | 0.0% | - | - |
| Kotak Quarterly Interval Series 13 Regular Growth Low to Moderate Risk | - | 0.0% | - | - |
| Kotak Quarterly Interval Series 13 Direct Growth Low to Moderate Risk | - | 0.0% | - | - |
| Mirae Asset Cash Management Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹17358.70 Cr | 6.4% |
| LIC MF Liquid Plan Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹17484.09 Cr | 6.5% |
| ICICI Prudential Liquid Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹62798.37 Cr | 6.5% |
| ITI Liquid Fund Regular Growth Low to Moderate Risk | 0.2% | 0.0% | ₹52.01 Cr | 6.0% |
| ITI Liquid Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹52.01 Cr | 6.2% |
| Navi Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹73.81 Cr | 5.8% |
| Sundaram Liquid Fund Direct Growth Moderate Risk | 0.1% | 0.0% | ₹9094.46 Cr | 6.6% |
| Bandhan Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹20197.71 Cr | 6.5% |
| Groww Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹381.39 Cr | 6.5% |
| Nippon India Liquid Fund Direct Growth Moderate Risk | 0.2% | 0.0% | ₹43124.99 Cr | 6.5% |
| Union Liquid Regular Growth Low to Moderate Risk | 0.2% | 0.0% | ₹7577.89 Cr | 6.4% |
| JM Liquid Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹1742.62 Cr | 6.4% |
| Edelweiss Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹13272.23 Cr | 6.5% |
| Invesco India Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹20748.17 Cr | 6.5% |
| Kotak Liquid Fund Direct Growth Moderate Risk | 0.2% | 0.0% | ₹49073.09 Cr | 6.5% |
| WhiteOak Capital Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹742.59 Cr | 6.4% |
| WhiteOak Capital Liquid Fund Regular Growth Low to Moderate Risk | 0.2% | 0.0% | ₹742.59 Cr | 6.3% |
| Mahindra Manulife Liquid Fund Regular Growth Moderate Risk | 0.3% | 0.0% | ₹1392.28 Cr | 6.4% |
| Mahindra Manulife Liquid Fund Direct Growth Moderate Risk | 0.1% | 0.0% | ₹1392.28 Cr | 6.5% |
| Quantum Liquid Fund Regular Growth Low Risk | 0.3% | 0.0% | ₹556.28 Cr | 5.8% |
| Mirae Asset Cash Management Regular Growth Low to Moderate Risk | 0.2% | 0.0% | ₹17358.70 Cr | 6.3% |
| Axis Liquid Fund Regular Growth Low to Moderate Risk | 0.2% | 0.0% | ₹63342.66 Cr | 6.5% |
| Bajaj Finserv Liquid Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹8588.55 Cr | 6.3% |
| Bajaj Finserv Liquid Fund Direct Growth Low to Moderate Risk | 0.1% | 0.0% | ₹8588.55 Cr | 6.5% |
| SBI Liquid Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹92191.69 Cr | 6.4% |
| UTI Liquid Fund Cash Plan Direct Growth Moderate Risk | 0.2% | 0.0% | ₹33248.42 Cr | 6.4% |
About the AMC
Mahindra Manulife Mutual Fund
Total AUM
₹37,731 Cr
Address
570 P. B. Marg, Worli, Mumbai 400018, Mumbai, 400018
Other Funds by Mahindra Manulife Mutual Fund
Risk Level
Your principal amount will be at Moderate Risk
Take control of your wealth
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Who manages the Mahindra Manulife Liquid Fund Direct Growth?
- Rahul Pal
- Amit Garg
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