Mahindra Manulife Liquid Fund Direct Growth

Fund Overview

Fund Size

₹1,018 Cr

Expense Ratio

0.14%

ISIN

INF174V01044

Minimum SIP

₹1,000

Exit Load

No Charges

Inception Date

04 Jul 2016

About this fund

Mahindra Manulife Liquid Fund Direct Growth is a Liquid mutual fund schemes offered by Mahindra Manulife Mutual Fund. This fund has been in existence for 9 years and 9 days, having been launched on 04-Jul-16.
As of 13-Jul-25, it has a Net Asset Value (NAV) of ₹1721.17, Assets Under Management (AUM) of 1017.83 Crores, and an expense ratio of 0.14%.

Mahindra Manulife Liquid Fund Direct Growth has given a CAGR return of 6.20% since inception.
The fund's asset allocation comprises around 0.00% in equities, 0.00% in debts, and 99.69% 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

+7.23%

+6.20% (Cat Avg.)

3 Years

+7.10%

+6.30% (Cat Avg.)

5 Years

+5.68%

+4.98% (Cat Avg.)

Since Inception

+6.20%

— (Cat Avg.)

Portfolio Summaryas of 30th June 2025

Others

₹1,017.83 Cr

100.00%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
Motilal Oswal Financial Services Ltd	Cash - Commercial Paper	₹74.63 Cr	7.33%
Reverse Repo	Cash - Repurchase Agreement	₹62.24 Cr	6.11%
Godrej Industries Ltd.	Cash - Commercial Paper	₹49.78 Cr	4.89%
Punjab National Bank	Bond - Gov't Agency Debt	₹49.62 Cr	4.88%
Axis Bank Limited	Cash - CD/Time Deposit	₹49.59 Cr	4.87%
Canara Bank	Bond - Gov't Agency Debt	₹49.59 Cr	4.87%
Reliance Retail Ventures Limited	Cash - Commercial Paper	₹49.55 Cr	4.87%
360 One Prime Ltd.	Cash - Commercial Paper	₹49.48 Cr	4.86%
National Bank for Agriculture and Rural Development	Cash - Commercial Paper	₹49.39 Cr	4.85%
Union Bank of India	Bond - Gov't Agency Debt	₹49.39 Cr	4.85%
Bank of Baroda	Bond - Corporate Bond	₹49.38 Cr	4.85%
India (Republic of)	Bond - Short-term Government Bills	₹49.38 Cr	4.85%
India (Republic of)	Bond - Short-term Government Bills	₹49.38 Cr	4.85%
Union Bank of India	Bond - Gov't Agency Debt	₹49.34 Cr	4.85%
Net Receivables / (Payables)	Cash - Collateral	₹-46.57 Cr	4.58%
Tata Housing Development Co Ltd.	Cash - Commercial Paper	₹39.63 Cr	3.89%
Godrej Properties Ltd.	Cash - Commercial Paper	₹24.98 Cr	2.45%
India (Republic of)	Bond - Gov't/Treasury	₹24.87 Cr	2.44%
PNB Housing Finance Ltd.	Cash - Commercial Paper	₹24.8 Cr	2.44%
Small Industries Development Bank Of India	Cash - Commercial Paper	₹24.78 Cr	2.43%
Nuvama Wealth Management Ltd.	Cash - Commercial Paper	₹24.75 Cr	2.43%
182 Days Tbill	Bond - Gov't/Treasury	₹24.71 Cr	2.43%
JM Financial Services Limited	Cash - Commercial Paper	₹24.7 Cr	2.43%
HDFC Bank Ltd.	Bond - Corporate Bond	₹24.69 Cr	2.43%
Tata Housing Development Co Ltd.	Cash - Commercial Paper	₹24.67 Cr	2.42%
Sundaram Finance Limited	Bond - Corporate Bond	₹20.05 Cr	1.97%
JM Financial Services Limited	Cash - Commercial Paper	₹19.93 Cr	1.96%
JM Financial Services Limited	Cash - Commercial Paper	₹19.71 Cr	1.94%
Triparty Repo	Cash - Repurchase Agreement	₹3.5 Cr	0.34%
Corporate Debt Market Development Fund Class A2	Mutual Fund - Open End	₹3.16 Cr	0.31%
364 DTB 10072025	Bond - Gov't/Treasury	₹3 Cr	0.29%
India (Republic of)	Bond - Short-term Government Bills	₹1.75 Cr	0.17%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

Instruments	Amount	Holdings
Cash - Commercial Paper	₹500.77 Cr	49.20%
Bond - Gov't Agency Debt	₹197.94 Cr	19.45%
Bond - Short-term Government Bills	₹100.5 Cr	9.87%
Bond - Corporate Bond	₹94.12 Cr	9.25%
Cash - Repurchase Agreement	₹65.74 Cr	6.46%
Bond - Gov't/Treasury	₹52.58 Cr	5.17%
Cash - CD/Time Deposit	₹49.59 Cr	4.87%
Cash - Collateral	₹-46.57 Cr	4.58%
Mutual Fund - Open End	₹3.16 Cr	0.31%

Risk & Performance Ratios

Fund Managers

Rahul Pal

Since July 2016

Amit Garg

Since June 2020

Additional Scheme Detailsas of 30th June 2025

ISIN

INF174V01044

Expense Ratio

0.14%

Exit Load

No Charges

Fund Size

₹1,018 Cr

Age

9 years

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
JioBlackRock Liquid Fund Direct Growth Low to Moderate Risk	-	0.0%	-	-
Unifi Liquid Fund Regular Growth Low to Moderate Risk	-	0.0%	-	-
Unifi Liquid Fund Direct Growth Low to Moderate Risk	-	0.0%	-	-
Angel One Nifty 1D Rate Liquid ETF - Growth Low Risk	0.3%	-	₹227.29 Cr	-
ICICI Prudential BSE Liquid Rate ETF - Growth Low Risk	0.3%	-	₹298.89 Cr	-
HDFC Nifty 1D Rate Liquid ETF - Growth Low Risk	0.5%	-	₹27.99 Cr	5.3%
Mirae Asset Nifty 1D Rate Liquid ETF Low Risk	0.2%	-	₹277.02 Cr	-
Shriram Liquid Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹117.00 Cr	-
Shriram Liquid Fund Regular Growth Low to Moderate Risk	0.3%	0.0%	₹117.00 Cr	-
Groww Nifty 1D Rate Liquid ETF Low Risk	0.3%	-	₹80.00 Cr	-
Bajaj Finserv Nifty 1D Rate Liquid ETF Low to Moderate Risk	0.2%	-	₹752.76 Cr	3.9%
DSP S&P BSE Liquid Rate ETF Low Risk	0.3%	-	₹2354.01 Cr	6.0%
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%	₹14285.45 Cr	7.2%
LIC MF Liquid Plan Direct Growth Low to Moderate Risk	0.2%	0.0%	₹10376.53 Cr	7.2%
ICICI Prudential Liquid Fund Direct Growth Moderate Risk	0.2%	0.0%	₹49517.31 Cr	7.2%
ITI Liquid Fund Regular Growth Low to Moderate Risk	0.3%	0.0%	₹67.43 Cr	6.9%
ITI Liquid Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹67.43 Cr	7.0%
Navi Liquid Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹106.18 Cr	6.8%
Sundaram Liquid Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹5649.11 Cr	7.3%
Bandhan Liquid Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹12298.33 Cr	7.2%
Groww Liquid Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹246.02 Cr	7.3%
Nippon India Liquid Fund Direct Growth Moderate Risk	0.2%	0.0%	₹43056.96 Cr	7.2%
Union Liquid Regular Growth Low to Moderate Risk	0.2%	0.0%	₹3992.68 Cr	7.1%
JM Liquid Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹2434.16 Cr	7.1%
Edelweiss Liquid Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹7715.73 Cr	7.3%
Invesco India Liquid Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹12320.15 Cr	7.2%
Kotak Liquid Fund Direct Growth Moderate Risk	0.2%	0.0%	₹41223.97 Cr	7.2%
WhiteOak Capital Liquid Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹517.28 Cr	7.1%
WhiteOak Capital Liquid Fund Regular Growth Low to Moderate Risk	0.3%	0.0%	₹517.28 Cr	7.0%
Mahindra Manulife Liquid Fund Regular Growth Moderate Risk	0.3%	0.0%	₹1017.83 Cr	7.1%
Mahindra Manulife Liquid Fund Direct Growth Moderate Risk	0.1%	0.0%	₹1017.83 Cr	7.2%
Quantum Liquid Fund Regular Growth Low Risk	0.3%	0.0%	₹534.14 Cr	6.7%
Mirae Asset Cash Management Regular Growth Low to Moderate Risk	0.2%	0.0%	₹14285.45 Cr	7.1%
Axis Liquid Fund Regular Growth Low to Moderate Risk	0.2%	0.0%	₹33529.10 Cr	7.2%
Bajaj Finserv Liquid Fund Regular Growth Low to Moderate Risk	0.3%	0.0%	₹4615.21 Cr	7.0%
Bajaj Finserv Liquid Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹4615.21 Cr	7.2%
SBI Liquid Fund Regular Growth Low to Moderate Risk	0.3%	0.0%	₹65172.43 Cr	7.0%
UTI Liquid Fund Cash Plan Direct Growth Low to Moderate Risk	0.1%	0.0%	₹23272.69 Cr	7.2%
Axis Liquid Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹33529.10 Cr	7.3%
Baroda BNP Paribas Liquid Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹11383.74 Cr	7.2%
Aditya BSL Liquid Fund Direct Growth Moderate Risk	0.2%	0.0%	₹49485.72 Cr	7.3%
HDFC Liquid Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹73208.73 Cr	7.2%
HSBC Liquid Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹22976.72 Cr	7.2%
Bank of India Liquid Direct Growth Low to Moderate Risk	0.1%	0.0%	₹2337.27 Cr	7.2%
SBI Liquid Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹65172.43 Cr	7.1%

About the AMC

Mahindra Manulife Mutual Fund

022-66327900

https://www.mahindramanulife.com/

Total AUM

₹18,613 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 Business Cycle Fund Direct Growth Very High Risk	0.5%	1.0%	₹1266.92 Cr	0.0%
Mahindra Manulife Large Cap Fund Direct Growth Very High Risk	0.7%	1.0%	₹729.81 Cr	3.2%
Mahindra Manulife Liquid Fund Direct Growth Moderate Risk	0.1%	0.0%	₹1017.83 Cr	7.2%
Mahindra Manulife ELSS Fund Direct Growth Very High Risk	0.6%	0.0%	₹979.66 Cr	3.2%
Mahindra Manulife Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹247.16 Cr	6.4%
Mahindra Manulife Asia Pacific REITs FOF Direct Growth Very High Risk	0.5%	1.0%	₹24.69 Cr	16.1%
Mahindra Manulife Equity Savings Fund Direct Growth Moderately High risk	0.7%	1.0%	₹571.37 Cr	5.8%
Mahindra Manulife Dynamic Bond Fund Direct Growth Moderate Risk	0.4%	0.0%	₹97.96 Cr	9.6%
Mahindra Manulife Short Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹90.20 Cr	9.7%
Mahindra Manulife Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹89.92 Cr	6.3%
Mahindra Manulife Aggressive Hybrid Fund Direct Growth Very High Risk	0.5%	1.0%	₹1797.70 Cr	7.5%
Mahindra Manulife Balanced Advantage Fund Direct Growth Very High Risk	0.6%	1.0%	₹932.65 Cr	6.3%

Risk Level

Your principal amount will be at Moderate Risk

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Still got questions?
We're here to help.

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

The NAV of Mahindra Manulife Liquid Fund Direct Growth, as of 13-Jul-2025, is ₹1721.17.

What are the returns of Mahindra Manulife Liquid Fund Direct Growth?

The fund has generated 7.23% over the last 1 year and 7.10% 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 Liquid Fund Direct Growth?

The fund's allocation of assets is distributed as 0.00% in equities, 0.00% in bonds, and 99.69% in cash and cash equivalents.

Who manages the Mahindra Manulife Liquid Fund Direct Growth?

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

Rahul Pal
Amit Garg

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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Fund Overview

Fund Size

₹1,018 Cr

Expense Ratio

0.14%

ISIN

INF174V01044

Minimum SIP

₹1,000

Exit Load

No Charges

Inception Date

04 Jul 2016

Risk Level

Your principal amount will be at Moderate Risk