Mahindra Manulife Ultra Short Duration Fund Regular Growth

Fund Overview

Fund Size

₹219 Cr

Expense Ratio

0.70%

ISIN

INF174V01853

Minimum SIP

₹1,000

Exit Load

No Charges

Inception Date

18 Oct 2019

About this fund

Mahindra Manulife Ultra Short Duration Fund Regular Growth is a Ultra Short Duration mutual fund schemes offered by Mahindra Manulife Mutual Fund. This fund has been in existence for 6 years, 3 months and 9 days, having been launched on 18-Oct-19.
As of 23-Jan-26, it has a Net Asset Value (NAV) of ₹1418.77, Assets Under Management (AUM) of 218.94 Crores, and an expense ratio of 0.7%.

Mahindra Manulife Ultra Short Duration Fund Regular Growth has given a CAGR return of 5.73% since inception.
The fund's asset allocation comprises around 0.00% in equities, 51.53% in debts, and 48.16% in cash & cash equivalents.
You can start investing in Mahindra Manulife Ultra Short Duration Fund Regular 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%

+6.42% (Cat Avg.)

3 Years

+6.92%

+6.74% (Cat Avg.)

5 Years

+5.73%

+5.75% (Cat Avg.)

Since Inception

+5.73%

— (Cat Avg.)

Portfolio Summaryas of 15th January 2026

Debt	₹112.81 Cr	51.53%
Others	₹106.13 Cr	48.47%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
Rec Limited	Bond - Corporate Bond	₹18.03 Cr	8.33%
Small Industries Development Bank Of India	Bond - Corporate Bond	₹18 Cr	8.32%
Canara Bank	Cash - CD/Time Deposit	₹17.03 Cr	7.87%
HDFC Bank Limited	Cash - CD/Time Deposit	₹11.8 Cr	5.46%
Net Receivables / (Payables)	Cash	₹10.75 Cr	4.97%
ICICI Home Finance Company Limited	Bond - Corporate Bond	₹10.02 Cr	4.63%
Godrej Industries Limited	Bond - Corporate Bond	₹10.02 Cr	4.63%
Godrej Properties Limited	Bond - Corporate Bond	₹10.01 Cr	4.63%
Power Finance Corporation Limited	Bond - Corporate Bond	₹10 Cr	4.62%
JM Financial Services Limited	Cash - Commercial Paper	₹10 Cr	4.62%
Nuvama Wealth Finance Limited	Cash - Commercial Paper	₹9.83 Cr	4.55%
Bank Of Baroda	Cash - CD/Time Deposit	₹9.79 Cr	4.53%
360 One Prime Limited	Bond - Corporate Bond	₹7.52 Cr	3.48%
Reverse Repo	Cash - Repurchase Agreement	₹7.05 Cr	3.26%
Embassy Office Parks Reit	Bond - Corporate Bond	₹5.06 Cr	2.34%
Shriram Finance Limited	Bond - Corporate Bond	₹5.02 Cr	2.32%
Tata Capital Housing Finance Limited	Bond - Corporate Bond	₹5.02 Cr	2.32%
Godrej Industries Limited	Bond - Corporate Bond	₹5.01 Cr	2.31%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹5 Cr	2.31%
360 One Prime Limited	Bond - Corporate Bond	₹5 Cr	2.31%
Power Finance Corporation Limited	Bond - Corporate Bond	₹4.99 Cr	2.31%
Tbill	Bond - Gov't/Treasury	₹4.91 Cr	2.27%
India (Republic of)	Bond - Short-term Government Bills	₹4.89 Cr	2.26%
Cholamandalam Investment And Finance Company Limited	Cash - Commercial Paper	₹4.88 Cr	2.25%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹3 Cr	1.39%
Bajaj Housing Finance Limited	Bond - Corporate Bond	₹2.5 Cr	1.16%
Corporate Debt Market Development Fund Class A2	Mutual Fund - Open End	₹0.67 Cr	0.31%
Triparty Repo	Cash - Repurchase Agreement	₹0.54 Cr	0.25%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

Instruments	Amount	Holdings
Bond - Corporate Bond	₹124.21 Cr	57.41%
Cash - CD/Time Deposit	₹38.63 Cr	17.85%
Cash - Commercial Paper	₹24.71 Cr	11.42%
Cash	₹10.75 Cr	4.97%
Cash - Repurchase Agreement	₹7.59 Cr	3.51%
Bond - Gov't/Treasury	₹4.91 Cr	2.27%
Bond - Short-term Government Bills	₹4.89 Cr	2.26%
Mutual Fund - Open End	₹0.67 Cr	0.31%

Risk & Performance Ratios

Fund Managers

Rahul Pal

Since October 2019

Amit Garg

Since June 2020

Additional Scheme Detailsas of 15th January 2026

ISIN

INF174V01853

Expense Ratio

0.70%

Exit Load

No Charges

Fund Size

₹219 Cr

Age

6 years 3 months

Lumpsum Minimum

₹1,000

Fund Status

Open Ended Investment Company

Benchmark

CRISIL Ultra Short Dura 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 Ultra Short Duration Funds

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Franklin India Ultra Short Duration Fund Regular Growth Moderate Risk	0.7%	0.0%	₹325.67 Cr	6.8%
Franklin India Ultra Short Duration Fund Direct Growth Moderate Risk	0.3%	0.0%	₹325.67 Cr	7.3%
Invesco India Ultra Short Term Fund Direct Growth Moderate Risk	0.2%	0.0%	₹1233.91 Cr	7.1%
Motilal Oswal Ultra Short Term Fund Regular Growth Low to Moderate Risk	1.0%	0.0%	₹513.01 Cr	5.2%
Motilal Oswal Ultra Short Term Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹513.01 Cr	6.1%
ITI Ultra Short Duration Fund Regular Growth Low to Moderate Risk	0.9%	0.0%	₹150.19 Cr	6.0%
ITI Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹150.19 Cr	6.8%
Sundaram Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹1995.79 Cr	7.0%
Nippon India Ultra Short Duration Fund Direct Growth Moderate Risk	0.4%	0.0%	₹11059.57 Cr	7.4%
Kotak Savings Fund Direct Growth Moderate Risk	0.4%	0.0%	₹14243.17 Cr	7.1%
Tata Ultra Short Term Fund Direct Growth Moderate Risk	0.3%	0.0%	₹4560.56 Cr	7.3%
Tata Ultra Short Term Fund Regular Growth Moderate Risk	1.1%	0.0%	₹4560.56 Cr	6.3%
ICICI Prudential Ultra Short Term Fund Regular Growth Moderate Risk	0.8%	0.0%	₹19738.33 Cr	6.9%
Nippon India Ultra Short Duration Fund Segregated Portfolio 1 Direct Growth Moderate Risk	0.4%	0.0%	-	195.1%
Nippon India Ultra Short Duration Fund Segregated Portfolio 1 Regular Growth Moderate Risk	1.2%	0.0%	-	195.1%
WhiteOak Capital Ultra Short Term Fund Regular Growth Low to Moderate Risk	1.0%	0.0%	₹574.12 Cr	6.1%
WhiteOak Capital Ultra Short Term Fund Direct Growth Low to Moderate Risk	0.5%	0.0%	₹574.12 Cr	6.7%
DSP Ultra Short Fund Regular Growth Moderate Risk	1.0%	0.0%	₹3971.51 Cr	6.4%
Mirae Asset Ultra Short Duration Fund Regular Growth Low to Moderate Risk	0.4%	0.0%	₹2067.19 Cr	6.9%
Mirae Asset Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹2067.19 Cr	7.1%
UTI Ultra Short Term Fund Direct Growth Moderate Risk	0.3%	0.0%	₹3655.33 Cr	7.1%
Aditya Birla Sun Life Savings Fund Direct Growth Moderate Risk	0.3%	0.0%	₹23615.17 Cr	7.4%
Bank of India Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹158.66 Cr	6.8%
SBI Magnum Ultra Short Duration Fund Direct Growth Moderate Risk	0.3%	0.0%	₹14639.39 Cr	7.0%
HSBC Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹3014.42 Cr	7.0%
HSBC Ultra Short Duration Fund Regular Growth Low to Moderate Risk	0.3%	0.0%	₹3014.42 Cr	6.7%
Bandhan Ultra Short Term Fund Regular Growth Low to Moderate Risk	0.5%	0.0%	₹3928.56 Cr	6.7%
Bandhan Ultra Short Term Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹3928.56 Cr	6.9%
ICICI Prudential Ultra Short Term Fund Direct Growth Moderate Risk	0.4%	0.0%	₹19738.33 Cr	7.3%
Canara Robeco Ultra Short Term Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹457.40 Cr	6.8%
DSP Ultra Short Fund Direct Growth Moderate Risk	0.3%	0.0%	₹3971.51 Cr	7.2%
PGIM India Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.4%	0.0%	₹174.71 Cr	6.8%
Axis Ultra Short Term Fund Regular Growth Moderate Risk	1.2%	0.0%	₹5355.75 Cr	6.4%
Axis Ultra Short Term Fund Direct Growth Moderate Risk	0.4%	0.0%	₹5355.75 Cr	7.3%
Sundaram Ultra Short Duration Fund Regular Growth Low to Moderate Risk	1.5%	0.0%	₹1995.79 Cr	5.7%
Aditya Birla Sun Life Savings Fund Regular Growth Moderate Risk	0.6%	0.0%	₹23615.17 Cr	7.1%
Kotak Savings Fund Regular Growth Moderate Risk	0.8%	0.0%	₹14243.17 Cr	6.6%
Invesco India Ultra Short Term Fund Regular Growth Moderate Risk	0.8%	0.0%	₹1233.91 Cr	6.6%
SBI Magnum Ultra Short Duration Fund Regular Growth Moderate Risk	0.6%	0.0%	₹14639.39 Cr	6.8%
Bank of India Ultra Short Duration Fund Regular Growth Low to Moderate Risk	0.8%	0.0%	₹158.66 Cr	6.2%
HDFC Ultra Short Term Fund Regular Growth Low to Moderate Risk	0.7%	0.0%	₹17235.34 Cr	6.7%
HDFC Ultra Short Term Fund Direct Growth Low to Moderate Risk	0.4%	0.0%	₹17235.34 Cr	7.0%
Mahindra Manulife Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹218.94 Cr	7.0%
Mahindra Manulife Ultra Short Duration Fund Regular Growth Low to Moderate Risk	0.7%	0.0%	₹218.94 Cr	6.5%
Nippon India Ultra Short Duration Fund Regular Growth Moderate Risk	1.1%	0.0%	₹11059.57 Cr	6.6%
UTI Ultra Short Term Fund Regular Growth Moderate Risk	1.0%	0.0%	₹3655.33 Cr	6.4%
LIC MF Ultra Short Duration Fund Regular Growth Low to Moderate Risk	0.9%	0.0%	₹220.41 Cr	6.2%
LIC MF Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹220.41 Cr	6.9%
Baroda BNP Paribas Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹765.48 Cr	6.9%
Baroda BNP Paribas Ultra Short Duration Fund Regular Growth Low to Moderate Risk	0.5%	0.0%	₹765.48 Cr	6.7%

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	5.8%
Mahindra Manulife Multi Asset Allocation Fund Direct Growth Very High Risk	0.3%	0.0%	₹930.83 Cr	23.7%
Mahindra Manulife Business Cycle Fund Direct Growth Very High Risk	0.5%	1.0%	₹1305.64 Cr	9.5%
Mahindra Manulife Large Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹755.51 Cr	10.0%
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	6.0%
Mahindra Manulife ELSS Fund Direct Growth Very High Risk	0.6%	0.0%	₹973.16 Cr	8.5%
Mahindra Manulife Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹85.25 Cr	5.7%
Mahindra Manulife Small Cap Fund Direct Growth Very High Risk	0.4%	1.0%	₹4223.69 Cr	-1.0%
Mahindra Manulife Flexi Cap Fund Direct Growth Very High Risk	0.4%	1.0%	₹1596.73 Cr	8.0%
Mahindra Manulife Consumption Fund Direct Growth Very High Risk	0.6%	1.0%	₹559.43 Cr	1.7%
Mahindra Manulife Focused Fund Direct Growth Very High Risk	0.4%	1.0%	₹2227.85 Cr	7.3%
Mahindra Manulife Asia Pacific REITs FOF Direct Growth Very High Risk	0.5%	1.0%	₹42.10 Cr	32.4%
Mahindra Manulife Equity Savings Fund Direct Growth Moderately High risk	0.7%	1.0%	₹566.91 Cr	8.3%
Mahindra Manulife Multi Cap Fund Direct Growth Very High Risk	0.4%	1.0%	₹6132.78 Cr	7.2%
Mahindra Manulife Dynamic Bond Fund Direct Growth Moderately High risk	0.4%	0.0%	₹86.00 Cr	6.4%
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	7.6%
Mahindra Manulife Mid Cap Fund Direct Growth Very High Risk	0.5%	1.0%	₹4294.84 Cr	4.4%
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	7.4%
Mahindra Manulife Aggressive Hybrid Fund Direct Growth Very High Risk	0.5%	1.0%	₹2108.49 Cr	8.9%
Mahindra Manulife Balanced Advantage Fund Direct Growth Very High Risk	0.5%	1.0%	₹928.21 Cr	6.4%

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Still got questions?
We're here to help.

What is the current NAV of Mahindra Manulife Ultra Short Duration Fund Regular Growth?

The NAV of Mahindra Manulife Ultra Short Duration Fund Regular Growth, as of 23-Jan-2026, is ₹1418.77.

What are the returns of Mahindra Manulife Ultra Short Duration Fund Regular Growth?

The fund has generated 6.53% over the last 1 year and 6.92% 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 Ultra Short Duration Fund Regular Growth?

The fund's allocation of assets is distributed as 0.00% in equities, 51.53% in bonds, and 48.16% in cash and cash equivalents.

Who manages the Mahindra Manulife Ultra Short Duration Fund Regular Growth?

The fund managers responsible for Mahindra Manulife Ultra Short Duration Fund Regular 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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Mahindra Manulife Ultra Short Duration Fund Regular Growth

Fund Overview