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Mahindra Manulife Ultra Short Term Fund

Mahindra Manulife Ultra Short Term Fund

Regular PlanGrowth Option

Fund Performance

Lumpsum

SIP

4.75

as on 07 Dec 2023

3 Years

Investment of ₹ 10,000 in this fund 3 Years back would be ₹ 11,492 today.

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NAV Performance

Mahindra Manulife Ultra Short Term Fund performance graph for last 3 years
Performance of Mahindra Manulife Ultra Short Term Fund for last 3 Years

Fund Information

  • ₹ 1,230.582

    as on 07 Dec 2023
  • Regular - Growth

  • -

  • ₹ 1,000

  • ₹ 157 Cr.

    as on 31 May 2023
  • 0.77%

  • 17 Oct 2019

  • Debt - Ultra Short Duration Fund

  • CRISIL 10 Year Gilt Index

  • Mahindra Mutual Fund

    Show All Funds

Highlights of this fund

Mahindra Manulife Ultra Short Term Fund is an Open-ended Debt Fund. The fund belongs to Ultra Short Duration Fund category, where the investment is done in predominantly in stocks that are listed on Stock Exchanges like the Bombay Stock Exchange (BSE) or the National Stock Exchange (NSE) in India as well as Global stock exchanges like the Dow Jones, London Stock Exchange or LSE etc. This fund was started on 17 Oct 2019. This fund is offered by one of the top AMC (Assets Management Company) Mahindra Mutual Fund. You can also view here all other Debt funds offered by Mahindra Mutual Fund.

Latest NAV of the fund is ₹ 1,230.582 as on 07 Dec 2023.

This fund has 4 years of track record. Since 31 Mar 2023 expense ratio of this fund is 0.77%. Ideally you shoulds compare this fund with the benchmark CRISIL 10 Year Gilt Index.

You can invest in this fund in SIP with the minimum investment of ₹ 500. Lumpsum invest is offered with minimum investment of ₹ 1,000.

Fund Objective

The investment objective of the Scheme is to generate regular income and capital appreciation through investment in a portfolio of short term debt & money market instruments such that the Macaulay duration of the portfolio is between 3 - 6 months.

List of Fund Managers of Mahindra Manulife Ultra Short Term Fund

  • About Rahul Pal

    Picture of Rahul PalMr. Pal is a B.Com (H) and Chartered Accountant. Prior to joining Mahindra Manulife Mutual Fund, he has worked with Taurus AMC, Sundaram Mutual Fund and IDBI Mutual Fund.
  • About Amit Garg

    Picture of Amit GargMr Garg is a B.Com, MMS Finance, CFA Prior to joining Mahindra Manulife Investment Management Pvt. Ltd., he has worked with Darashaw & Co. and Daiwa Asset Management (India) Pvt. Ltd.
  • About Rahul Pal

    Picture of Rahul PalMr. Pal is a B.Com (H) and Chartered Accountant. Prior to joining Mahindra Manulife Mutual Fund, he has worked with Taurus AMC, Sundaram Mutual Fund and IDBI Mutual Fund.
  • About Amit Garg

    Picture of Amit GargMr Garg is a B.Com, MMS Finance, CFA Prior to joining Mahindra Manulife Investment Management Pvt. Ltd., he has worked with Darashaw & Co. and Daiwa Asset Management (India) Pvt. Ltd.
  • About Rahul Pal

    Picture of Rahul PalMr. Pal is a B.Com (H) and Chartered Accountant. Prior to joining Mahindra Manulife Mutual Fund, he has worked with Taurus AMC, Sundaram Mutual Fund and IDBI Mutual Fund.
  • About Amit Garg

    Picture of Amit GargMr Garg is a B.Com, MMS Finance, CFA Prior to joining Mahindra Manulife Investment Management Pvt. Ltd., he has worked with Darashaw & Co. and Daiwa Asset Management (India) Pvt. Ltd.
  • About Rahul Pal

    Picture of Rahul PalMr. Pal is a B.Com (H) and Chartered Accountant. Prior to joining Mahindra Manulife Mutual Fund, he has worked with Taurus AMC, Sundaram Mutual Fund and IDBI Mutual Fund.
  • About Amit Garg

    Picture of Amit GargMr Garg is a B.Com, MMS Finance, CFA Prior to joining Mahindra Manulife Investment Management Pvt. Ltd., he has worked with Darashaw & Co. and Daiwa Asset Management (India) Pvt. Ltd.
  • About Rahul Pal

    Picture of Rahul PalMr. Pal is a B.Com (H) and Chartered Accountant. Prior to joining Mahindra Manulife Mutual Fund, he has worked with Taurus AMC, Sundaram Mutual Fund and IDBI Mutual Fund.
  • About Amit Garg

    Picture of Amit GargMr Garg is a B.Com, MMS Finance, CFA Prior to joining Mahindra Manulife Investment Management Pvt. Ltd., he has worked with Darashaw & Co. and Daiwa Asset Management (India) Pvt. Ltd.
  • About Amit Garg

    Picture of Amit GargMr Garg is a B.Com, MMS Finance, CFA Prior to joining Mahindra Manulife Investment Management Pvt. Ltd., he has worked with Darashaw & Co. and Daiwa Asset Management (India) Pvt. Ltd.

Riskometer : Risk associated with this fund

Investors understand that their principal will be at Moderate Risk

Fund Return Comparison

Fund Name 1 Week 1 Month 3 Months 6 Months 1 Year 2 Years 3 Years 5 Years 10 Years 1 Year 2 Years 3 Years 5 Years 10 Years
Category Best 0.14% 0.62% 4.53% 6.41% 7.24% 5.96% 6.29% 6.81% 7.81% 7.14% 6.68% 6.12% 5.84% 6.68%
Category Average 0.11% 0.46% 1.55% 3.05% 6.06% 5.03% 4.75% 5.53% 6.69% 6.61% 6.11% 5.50% 5.27% 5.89%
Mahindra Manulife Ultra Short Term Fund 0.12%₹ 10,012 0.50%₹ 10,050 1.58%₹ 10,158 3.28%₹ 10,328 6.85%₹ 10,685 6.79%₹ 12,436 5.50%₹ 11,129 6.26%₹ 25,581 4.75%₹ 11,492 5.56%₹ 39,175 - - - -
HDFC Ultra Short Term Fund 0.12%₹ 10,012 0.52%₹ 10,052 1.61%₹ 10,160 3.29%₹ 10,329 6.93%₹ 10,693 6.87%₹ 12,441 5.59%₹ 11,149 6.34%₹ 25,602 4.91%₹ 11,545 5.67%₹ 39,236 5.84%₹ 13,286 5.48%₹ 68,915 - -
ICICI Prudential Ultra Short Term Fund 0.12%₹ 10,012 0.52%₹ 10,052 1.60%₹ 10,159 3.27%₹ 10,327 6.94%₹ 10,694 6.85%₹ 12,440 5.64%₹ 11,158 6.34%₹ 25,603 5.09%₹ 11,604 5.74%₹ 39,276 6.10%₹ 13,450 5.66%₹ 69,232 7.81%₹ 21,233 6.66%₹ 1,68,975
Aditya Birla Sun Life Savings Fund 0.13%₹ 10,013 0.54%₹ 10,053 1.65%₹ 10,164 3.41%₹ 10,340 7.17%₹ 10,717 7.11%₹ 12,456 5.85%₹ 11,204 6.57%₹ 25,661 5.20%₹ 11,643 5.94%₹ 39,394 6.28%₹ 13,563 5.84%₹ 69,536 7.39%₹ 20,406 6.68%₹ 1,69,188
SBI Magnum Ultra Short Duration Fund 0.12%₹ 10,011 0.54%₹ 10,054 1.61%₹ 10,161 3.32%₹ 10,331 7.00%₹ 10,700 6.91%₹ 12,443 5.59%₹ 11,148 6.35%₹ 25,605 4.84%₹ 11,521 5.66%₹ 39,229 5.74%₹ 13,218 5.39%₹ 68,756 6.81%₹ 19,340 6.17%₹ 1,64,754
Kotak Savings Fund 0.13%₹ 10,012 0.48%₹ 10,048 1.54%₹ 10,153 3.20%₹ 10,319 6.85%₹ 10,684 6.71%₹ 12,431 5.53%₹ 11,135 6.23%₹ 25,572 4.74%₹ 11,489 5.55%₹ 39,167 5.64%₹ 13,159 5.29%₹ 68,586 6.84%₹ 19,396 6.10%₹ 1,64,169

Portfolio Holdings

Portfolio holdings pattern of Mahindra Manulife Ultra Short Term Fund as on 08 Dec 2023 are listed below:

  • Equity Holdings:

    0.00%
  • Debt Holdings:

    95.72%
  • Others Holdings:

    4.28%

Top Debt Instrument Type holdings of Mahindra Manulife Ultra Short Term Fund

Instrument TypeHolding PercentageHolding Values in Crore
CP 34.45% ₹ 63.51 Cr.
CD 28.98% ₹ 53.47 Cr.
NCD & Bonds 21.72% ₹ 40.04 Cr.
T-Bills 10.57% ₹ 19.49 Cr.
Others 4.28% -

Top Debt Holdings of Mahindra Manulife Ultra Short Term Fund

Name of Debt InstrumentHolding PercentageHolding Values in Crore
Bond - T-Bill 10.57% ₹ 19.49 Cr.
Bond - Power Finance Corporation Ltd. 5.50% ₹ 10.14 Cr.
Bond - Tata Realty & Infrastructure Ltd. 5.42% ₹ 10.00 Cr.
Bond - Housing & Urban Development Corporation Ltd. 5.41% ₹ 9.97 Cr.
Bond - National Bank for Agriculture & Rural Development 5.39% ₹ 9.94 Cr.
Others 67.71%

Other Holdings

Holding TypeHolding Percentage
Reverse Repo 2.54%
TREPS 1.04%
Net Receivables 0.70%