Fund Performance
Lumpsum
SIP
4.77
as on 24 Mar 20233 Years
Investment of ₹ 10,000 in this fund 3 Years back would be ₹ 11,498 today.
NAV Performance
Fund Information
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₹ 1,173.354
as on 24 Mar 2023 -
Regular - Growth
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-
-
₹ 1,000
-
₹ 228 Cr.
as on 31 Dec 2021 -
0.77%
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17 Oct 2019
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CRISIL 10 Year Gilt Index
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Mahindra Mutual Fund
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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 ₹ 1,173.354 as on 24 Mar 2023.
This fund has 3 years of track record. Since 31 Oct 2021 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
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About Rahul Pal
Mr. Pal is a B.Com (H) and Chartered Accountant. Prior to joining Mahindra Mutual Fund, he has worked with Taurus AMC, Sundaram Mutual Fund and IDBI Mutual Fund.
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About Amit Garg
Riskometer : Risk associated with this fund
Investors understand that their principal will be at Moderately Low 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 | 0.18% | 0.62% | 4.53% | 6.41% | 5.54% | 6.45% | 6.23% | 6.86% | 7.55% | 6.34% | 5.51% | 5.88% | 5.91% | 6.77% |
| Category Average | 0.14% | 0.49% | 1.56% | 2.93% | 4.70% | 4.23% | 4.78% | 5.50% | 6.78% | 5.69% | 4.81% | 4.54% | 4.93% | 5.92% |
| Mahindra Manulife Ultra Short Term Fund | 0.16%₹ 10,015 | 0.54%₹ 10,054 | 1.61%₹ 10,161 | 3.11%₹ 10,311 | 5.06%₹ 10,506 | 5.83%₹ 12,372 | 4.25%₹ 10,868 | 4.81%₹ 25,208 | 4.77%₹ 11,498 | 4.47%₹ 38,533 | - | - | - | - |
| HDFC Ultra Short Term Fund | 0.16%₹ 10,016 | 0.56%₹ 10,055 | 1.61%₹ 10,161 | 3.13%₹ 10,313 | 5.12%₹ 10,512 | 5.87%₹ 12,375 | 4.39%₹ 10,897 | 4.90%₹ 25,231 | 5.27%₹ 11,666 | 4.66%₹ 38,641 | - | - | - | - |
| ICICI Prudential Ultra Short Term Fund | 0.17%₹ 10,016 | 0.54%₹ 10,054 | 1.62%₹ 10,162 | 3.13%₹ 10,313 | 5.19%₹ 10,519 | 5.90%₹ 12,377 | 4.59%₹ 10,938 | 5.00%₹ 25,256 | 5.42%₹ 11,716 | 4.86%₹ 38,757 | 6.14%₹ 13,473 | 5.47%₹ 68,885 | 7.45%₹ 20,537 | 6.77%₹ 1,69,958 |
| Aditya Birla Sun Life Savings Fund | 0.14%₹ 10,014 | 0.53%₹ 10,052 | 1.65%₹ 10,165 | 3.23%₹ 10,322 | 5.30%₹ 10,530 | 6.03%₹ 12,385 | 4.74%₹ 10,971 | 5.15%₹ 25,294 | 5.73%₹ 11,820 | 4.99%₹ 38,831 | 6.31%₹ 13,585 | 5.62%₹ 69,143 | 7.55%₹ 20,724 | 6.75%₹ 1,69,739 |
| SBI Magnum Ultra Short Duration Fund | 0.18%₹ 10,017 | 0.58%₹ 10,058 | 1.65%₹ 10,164 | 3.18%₹ 10,317 | 5.06%₹ 10,505 | 5.91%₹ 12,377 | 4.32%₹ 10,881 | 4.89%₹ 25,229 | 5.01%₹ 11,578 | 4.57%₹ 38,588 | 5.89%₹ 13,317 | 5.10%₹ 68,250 | 6.99%₹ 19,658 | 6.19%₹ 1,64,898 |
| Kotak Savings Fund | 0.15%₹ 10,015 | 0.54%₹ 10,053 | 1.61%₹ 10,160 | 3.09%₹ 10,308 | 5.10%₹ 10,510 | 5.79%₹ 12,370 | 4.26%₹ 10,869 | 4.82%₹ 25,211 | 4.92%₹ 11,548 | 4.50%₹ 38,546 | 5.72%₹ 13,209 | 5.00%₹ 68,087 | 6.99%₹ 19,661 | 6.15%₹ 1,64,527 |
Portfolio Holdings
Top Debt Instrument Type holdings of Mahindra Manulife Ultra Short Term Fund
| Instrument Type | Holding Percentage | Holding Values in Crore |
|---|---|---|
| CP | 37.58% | ₹ 74.55 Cr. |
| NCD & Bonds | 33.13% | ₹ 65.76 Cr. |
| GOI | 12.72% | ₹ 25.25 Cr. |
| CD | 7.47% | ₹ 14.83 Cr. |
| Others | 9.10% | - |
Top Debt Holdings of Mahindra Manulife Ultra Short Term Fund
| Name of Debt Instrument | Holding Percentage | Holding Values in Crore |
|---|---|---|
| Bond - Govt of India | 12.72% | ₹ 25.25 Cr. |
| Bond - Rural Electrification Corporation Limited | 7.69% | ₹ 15.27 Cr. |
| Bond - Power Finance Corporation Ltd. | 7.66% | ₹ 15.19 Cr. |
| Bond - Hindalco Industries Ltd. | 5.11% | ₹ 10.15 Cr. |
| Bond - National Bank for Agriculture & Rural Development | 5.06% | ₹ 10.04 Cr. |
| Others | 61.76% |
Other Holdings
| Holding Type | Holding Percentage |
|---|---|
| TREPS | 8.80% |
| Reverse Repo | 6.84% |
| Net Receivables | -6.54% |