Mahindra Manulife Low Duration Fund Direct Growth
DebtLow DurationModerate Risk
Direct
NAV (18-Jun-25)
Returns (Since Inception)
Fund Overview
Fund Size
₹624 Cr
Expense Ratio
0.30%
ISIN
INF174V01267
Minimum SIP
₹1,000
Exit Load
No Charges
Inception Date
15 Feb 2017
About this fund
As of 18-Jun-25, it has a Net Asset Value (NAV) of ₹1752.17, Assets Under Management (AUM) of 624.27 Crores, and an expense ratio of 0.3%.
- Mahindra Manulife Low Duration Fund Direct Growth has given a CAGR return of 6.96% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 83.75% in debts, and 16.00% in cash & cash equivalents.
- You can start investing in Mahindra Manulife Low Duration 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
+8.51%
+7.96% (Cat Avg.)
3 Years
+7.68%
+7.12% (Cat Avg.)
5 Years
+6.31%
+6.23% (Cat Avg.)
Since Inception
+6.96%
— (Cat Avg.)
Portfolio Summaryas of 31st May 2025
| Debt | ₹522.84 Cr | 83.75% |
| Others | ₹101.43 Cr | 16.25% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹35.28 Cr | 5.65% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹30.12 Cr | 4.82% |
| Godrej Properties Limited | Bond - Corporate Bond | ₹27.25 Cr | 4.37% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹25.56 Cr | 4.09% |
| Embassy Office Parks Reit | Bond - Corporate Bond | ₹25.51 Cr | 4.09% |
| Rural Electrification Corporation Limited | Bond - Corporate Bond | ₹25.25 Cr | 4.04% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹25.25 Cr | 4.04% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹25.15 Cr | 4.03% |
| Nexus Select TRust | Bond - Corporate Bond | ₹25.15 Cr | 4.03% |
| Tata Realty And Infrastructure Limited | Bond - Corporate Bond | ₹25.12 Cr | 4.02% |
| 360 One Prime Limited | Bond - Corporate Bond | ₹24.19 Cr | 3.88% |
| HDFC Bank Ltd. | Bond - Corporate Bond | ₹23.76 Cr | 3.81% |
| Bharti Telecom Limited | Bond - Corporate Bond | ₹20.58 Cr | 3.30% |
| Bharti Telecom Limited | Bond - Corporate Bond | ₹20.1 Cr | 3.22% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹19.32 Cr | 3.09% |
| Godrej Industries Limited | Bond - Corporate Bond | ₹18.9 Cr | 3.03% |
| Bajaj Housing Finance Limited | Bond - Corporate Bond | ₹17.64 Cr | 2.83% |
| Reverse Repo | Cash - Repurchase Agreement | ₹15.76 Cr | 2.52% |
| 7.81% Govt Stock 2033 | Bond - Gov't/Treasury | ₹15.58 Cr | 2.50% |
| JM Financial Products Limited | Bond - Corporate Bond | ₹15.12 Cr | 2.42% |
| 360 One Prime Limited | Cash - Commercial Paper | ₹14.93 Cr | 2.39% |
| Net Receivables / (Payables) | Cash | ₹12.96 Cr | 2.08% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹10.22 Cr | 1.64% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹10.03 Cr | 1.61% |
| Muthoot Finance Limited | Bond - Corporate Bond | ₹10.01 Cr | 1.60% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹9.93 Cr | 1.59% |
| India (Republic of) | Bond - Short-term Government Bills | ₹9.79 Cr | 1.57% |
| Kotak Mahindra Bank Limited 2025 | Cash - CD/Time Deposit | ₹9.69 Cr | 1.55% |
| 7.32% Govt Stock 2030 | Bond - Gov't/Treasury | ₹5.32 Cr | 0.85% |
| Godrej Industries Limited | Bond - Corporate Bond | ₹5.06 Cr | 0.81% |
| 08.16 KA Sdl 2025 | Bond - Gov't/Treasury | ₹5.06 Cr | 0.81% |
| Mindspace Business Parks Reit | Bond - Corporate Bond | ₹5.05 Cr | 0.81% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹5.05 Cr | 0.81% |
| 08.16 MH Sdl 2025 | Bond - Gov't/Treasury | ₹5.03 Cr | 0.81% |
| Shriram Finance Limited | Bond - Corporate Bond | ₹5.03 Cr | 0.81% |
| Embassy Office Parks Reit | Bond - Corporate Bond | ₹5 Cr | 0.80% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹4.97 Cr | 0.80% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹4.96 Cr | 0.79% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹4.96 Cr | 0.79% |
| 182 Days Tbill | Bond - Gov't/Treasury | ₹4.93 Cr | 0.79% |
| Nuvama Wealth Management Ltd. | Cash - Commercial Paper | ₹4.92 Cr | 0.79% |
| 364 Days Tbill Red 05-02-2026 | Bond - Gov't/Treasury | ₹4.82 Cr | 0.77% |
| Triparty Repo | Cash - Repurchase Agreement | ₹2.41 Cr | 0.39% |
| Cholamandalam Investment And Finance Company Limited | Bond - Corporate Bond | ₹2.03 Cr | 0.33% |
| Corporate Debt Market Development Fund Class A2 | Mutual Fund - Open End | ₹1.55 Cr | 0.25% |
Allocation By Credit Quality (Debt)
AAA
AA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Bond - Corporate Bond | ₹477.32 Cr | 76.46% |
| Cash - CD/Time Deposit | ₹43.91 Cr | 7.03% |
| Bond - Gov't/Treasury | ₹40.73 Cr | 6.52% |
| Cash - Commercial Paper | ₹19.84 Cr | 3.18% |
| Cash - Repurchase Agreement | ₹18.17 Cr | 2.91% |
| Cash | ₹12.96 Cr | 2.08% |
| Bond - Short-term Government Bills | ₹9.79 Cr | 1.57% |
| Mutual Fund - Open End | ₹1.55 Cr | 0.25% |
Risk & Performance Ratios
Standard Deviation
This fund
0.42%
Cat. avg.
0.66%
Lower the better
Sharpe Ratio
This fund
2.23
Cat. avg.
0.71
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
3.18
Higher the better
Fund Managers
Rahul Pal
Since February 2017
Additional Scheme Detailsas of 31st May 2025
ISIN | INF174V01267 | Expense Ratio | 0.30% | Exit Load | No Charges | Fund Size | ₹624 Cr | Age | 8 years 4 months | Lumpsum Minimum | ₹1,000 | Fund Status | Open Ended Investment Company | Benchmark | CRISIL Low Duration 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:
- For investments made on or after 1 April 2023: The entire capital gain is added to the investor's income and is taxed based on the applicable income tax slab.
- For investments made before 1 April 2023:
- If sold within 2 years of investment: The capital gains are added to the investor's income and taxed according to the applicable tax slab.
- If sold after 2 years of investment: The capital gains are taxed at a flat rate of 12.5%.
- Holding the units: No tax is applicable as long as you hold the units.
Dividend Taxation:
Dividends are considered part of the investor’s income and are taxed according to their applicable tax slab. Additionally, if an investor’s dividend income exceeds INR 5,000 in a financial year, a 10% Tax Deducted at Source (TDS) is withheld by the fund house before distributing the dividend.
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 Low Duration Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Edelweiss Low Duration Fund Regular Growth Low to Moderate Risk | 1.1% | 0.0% | ₹556.57 Cr | - |
| Edelweiss Low Duration Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹556.57 Cr | - |
| Franklin India Low Duration Fund Regular Growth Moderate Risk | 0.9% | 0.0% | ₹336.95 Cr | - |
| Franklin India Low Duration Fund Direct Growth Moderate Risk | 0.3% | 0.0% | ₹336.95 Cr | - |
| HSBC Low Duration Fund Direct Growth Low to Moderate Risk | 0.4% | 0.0% | ₹579.95 Cr | 9.9% |
| LIC MF Low Duration Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹2100.35 Cr | 8.4% |
| Mirae Asset Savings Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹1838.28 Cr | 8.6% |
| Invesco India Treasury Advantage Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹1672.92 Cr | 8.3% |
| Kotak Low Duration Fund Direct Growth Low to Moderate Risk | 0.4% | 0.0% | ₹12913.39 Cr | 8.8% |
| Sundaram Low Duration Fund Direct Growth Low to Moderate Risk | 0.4% | 0.0% | ₹398.40 Cr | 8.7% |
About the AMC
Total AUM
₹5,29,477 Cr
Address
2nd Floor, 12-BKC, Plot No C-12, Mumbai, 400 051
Other Funds by Kotak Mahindra Mutual Fund
Risk Level
Your principal amount will be at Moderate Risk
Unlock Expert Insights!
Related Articles
Still got questions?
We're here to help.
What is the current NAV of Mahindra Manulife Low Duration Fund Direct Growth?
What are the returns of Mahindra Manulife Low Duration Fund Direct Growth?
What is the portfolio composition of Mahindra Manulife Low Duration Fund Direct Growth?
Who manages the Mahindra Manulife Low Duration Fund Direct Growth?
- Rahul Pal
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.