Mahindra Manulife Ultra Short Duration Fund Regular Growth
DebtUltra Short DurationLow to Moderate Risk
Regular
NAV (11-Sep-24)
Returns (Since Inception)
Fund Overview
Fund Size
₹250 Cr
Expense Ratio
0.71%
ISIN
INF174V01853
Minimum SIP
₹1,000
Exit Load
No Charges
Inception Date
18 Oct 2019
About this fund
As of 11-Sep-24, it has a Net Asset Value (NAV) of ₹1298.76, Assets Under Management (AUM) of 250.38 Crores, and an expense ratio of 0.71%.
- Mahindra Manulife Ultra Short Duration Fund Regular Growth has given a CAGR return of 5.47% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 53.14% in debts, and 46.62% 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
+7.13%
+6.48% (Cat Avg.)
3 Years
+5.75%
+5.56% (Cat Avg.)
Since Inception
+5.47%
— (Cat Avg.)
Portfolio Summaryas of 31st August 2024
| Debt | ₹133.04 Cr | 53.14% |
| Others | ₹117.34 Cr | 46.86% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| PNb Housing Finance Limited | Bond - Corporate Bond | ₹15.01 Cr | 5.99% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹14.92 Cr | 5.96% |
| Export Import Bank Of India | Bond - Corporate Bond | ₹10.01 Cr | 4.00% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹9.99 Cr | 3.99% |
| Rec Limited | Bond - Corporate Bond | ₹9.99 Cr | 3.99% |
| Embassy Office Parks Reit | Bond - Corporate Bond | ₹9.99 Cr | 3.99% |
| Rec Limited | Bond - Corporate Bond | ₹9.96 Cr | 3.98% |
| Godrej Industries Limited | Bond - Corporate Bond | ₹9.92 Cr | 3.96% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹9.9 Cr | 3.95% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹9.81 Cr | 3.92% |
| India (Republic of) | Bond - Short-term Government Bills | ₹9.68 Cr | 3.87% |
| Indian Bank | Bond - Gov't Agency Debt | ₹9.62 Cr | 3.84% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹9.37 Cr | 3.74% |
| Net Receivables / (Payables) | Cash | ₹7.12 Cr | 2.84% |
| Reliance Industries Limited | Bond - Corporate Bond | ₹5.02 Cr | 2.01% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹5.02 Cr | 2.00% |
| Shriram Finance Limited | Bond - Corporate Bond | ₹5.01 Cr | 2.00% |
| Bajaj Finance Limited | Bond - Corporate Bond | ₹5 Cr | 2.00% |
| Shriram Finance Limited | Bond - Corporate Bond | ₹5 Cr | 2.00% |
| Bharti Telecom Limited | Bond - Corporate Bond | ₹5 Cr | 2.00% |
| Muthoot Finance Limited | Bond - Corporate Bond | ₹5 Cr | 2.00% |
| Bharti Telecom Limited | Bond - Corporate Bond | ₹5 Cr | 2.00% |
| Embassy Office Parks Reit | Bond - Corporate Bond | ₹4.99 Cr | 1.99% |
| Birla Group Holdings Private Limited | Cash - Commercial Paper | ₹4.99 Cr | 1.99% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹4.99 Cr | 1.99% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹4.98 Cr | 1.99% |
| India (Republic of) | Bond - Short-term Government Bills | ₹4.96 Cr | 1.98% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹4.96 Cr | 1.98% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹4.94 Cr | 1.97% |
| IIFL Wealth Finance Limited | Cash - Commercial Paper | ₹4.91 Cr | 1.96% |
| 182 DTB 06022025 | Bond - Gov't/Treasury | ₹4.86 Cr | 1.94% |
| Reverse Repo | Cash - Repurchase Agreement | ₹4.52 Cr | 1.81% |
| 360 One Prime Ltd. 9.22% | Bond - Corporate Bond | ₹4.2 Cr | 1.68% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹4 Cr | 1.60% |
| 7.72% Govt Stock 2028 | Bond - Gov't/Treasury | ₹2.52 Cr | 1.00% |
| Bajaj Housing Finance Limited | Bond - Corporate Bond | ₹2.5 Cr | 1.00% |
| Triparty Repo | Cash - Repurchase Agreement | ₹2.12 Cr | 0.85% |
| Corporate Debt Market Development Fund Class A2 | Mutual Fund - Open End | ₹0.6 Cr | 0.24% |
Allocation By Credit Quality (Debt)
AAA
AA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Bond - Corporate Bond | ₹170.35 Cr | 68.04% |
| Cash - CD/Time Deposit | ₹24.13 Cr | 9.64% |
| Bond - Short-term Government Bills | ₹14.65 Cr | 5.85% |
| Cash - Commercial Paper | ₹9.9 Cr | 3.95% |
| Bond - Gov't Agency Debt | ₹9.62 Cr | 3.84% |
| Bond - Gov't/Treasury | ₹7.37 Cr | 2.95% |
| Cash | ₹7.12 Cr | 2.84% |
| Cash - Repurchase Agreement | ₹6.64 Cr | 2.65% |
| Mutual Fund - Open End | ₹0.6 Cr | 0.24% |
Risk & Performance Ratios
Standard Deviation
This fund
0.54%
Cat. avg.
0.75%
Lower the better
Sharpe Ratio
This fund
-0.77
Cat. avg.
-0.82
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
-0.38
Higher the better
Fund Managers
Rahul Pal
Since October 2019
Amit Garg
Since June 2020
Additional Scheme Detailsas of 31st August 2024
ISIN | INF174V01853 | Expense Ratio | 0.71% | Exit Load | No Charges | Fund Size | ₹250 Cr | Age | 18 Oct 2019 | 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:
- 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 Ultra Short Duration Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| PGIM India Ultra Short Duration Fund Regular Growth Low to Moderate Risk | 0.9% | 0.0% | ₹243.09 Cr | 6.7% |
| Canara Robeco Ultra Short Term Fund Regular Growth Low to Moderate Risk | 0.9% | 0.0% | ₹551.95 Cr | 6.6% |
| Baroda BNP Paribas Ultra Short Duration Fund Regular Growth Low to Moderate Risk | 0.5% | 0.0% | ₹1385.73 Cr | 7.3% |
| Baroda BNP Paribas Ultra Short Duration Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹1385.73 Cr | 7.5% |
| LIC MF Ultra Short Duration Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹195.99 Cr | 7.4% |
| LIC MF Ultra Short Duration Fund Regular Growth Low to Moderate Risk | 0.9% | 0.0% | ₹195.99 Cr | 6.6% |
| UTI Ultra Short Term Fund Regular Growth Moderate Risk | 1.0% | 0.0% | ₹2139.50 Cr | 7.0% |
| Nippon India Ultra Short Duration Fund Regular Growth Moderate Risk | 1.1% | 0.0% | ₹7599.90 Cr | 7.0% |
| Mahindra Manulife Ultra Short Duration Fund Regular Growth Low to Moderate Risk | 0.7% | 0.0% | ₹250.38 Cr | 7.1% |
| Mahindra Manulife Ultra Short Duration Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹250.38 Cr | 7.6% |
About the AMC
Total AUM
₹4,96,460 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 Low to Moderate Risk
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- Rahul Pal
- Amit Garg
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