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4 star

Mahindra Manulife Liquid Fund - Direct Plan


Debt: Liquid

1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

Liquid funds invest in bonds having maturity of up to three months. They are suitable to park the amount you have set aside to meet any emergency needs or any surplus money that you don't need for a few weeks up to a year. You can expect to earn better returns than what you would get from a bank account.

The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital. Though rare, there have been few instances when liquid funds have incurred losses.

Remember, these funds are geared to deliver only marginally higher returns than your bank account. They deliver steady, but low returns and are not suitable to build wealth in the long run.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 1.47 0.01 0.07 0.29 0.87 1.66 3.44 5.66 -- -- --
CCIL T Bill Liquidity Weight 0.86 0.02 0.05 0.20 0.51 0.97 2.16 3.59 -- -- --
Debt: Liquid 1.44 0.01 0.06 0.28 0.84 1.62 3.30 5.36 -- -- --
Rank within category 8 8 3 4 3 6 3 4 -- -- --
Number of funds in category 38 39 39 39 38 38 38 35 33 33 1

As on 11-Jun-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Mahindra Manulife Liquid Fund - Direct Plan
4 star
Jul-16 3.44 5.66 -- 0.14 1,617
ICICI Prudential Liquid Fund - Direct Plan  | Invest Now
4 star
Jan-13 3.35 5.57 6.12 0.20 36,601
Aditya Birla Sun Life Liquid Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.38 5.62 6.17 0.21 30,047
Nippon India Liquid Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.34 5.62 6.17 0.18 20,049
Tata Liquid Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.32 5.59 6.15 0.22 10,256

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.52 24-Mar-2020 - 31-Mar-2020 -0.22 17-Mar-2020 - 24-Mar-2020
Month 0.89 24-Mar-2020 - 23-Apr-2020 0.11 23-Feb-2020 - 24-Mar-2020
Quarter 1.92 26-Sep-2018 - 26-Dec-2018 0.77 23-Oct-2020 - 22-Jan-2021
Year 7.74 27-Apr-2018 - 29-Apr-2019 3.43 13-Jun-2020 - 13-Jun-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.57 0.51 2.50 4.65 1.05 2.08
CCIL T Bill Liquidity Weight 3.52 0.39 -2.00 -4.76 -- --
Debt: Liquid 5.28 0.67 2.07 4.23 1.06 1.81
Rank within category 4 11 3 5 14 5
Number of funds in category 35 35 35 34 35 35

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-May-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 24 38 23 38
Modified Duration (yrs) 0.08 0.15 0.00 --
Average Maturity (yrs) 0.09 0.15 0.05 --
Yield to Maturity (%) 3.42 4.00 3.05 --
Avg Credit Rating AAA -- -- --

Value Research Fund Style*

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new HPCL 57-D 27/07/2021 Commercial Paper A1+ 0.00 - 6.15 6.15
new Reserve Bank of India 91-D 26/08/2021 Treasury Bills SOV 0.00 - 6.14 6.14
new NTPC 91-D 24/08/2021 Commercial Paper A1+ 0.00 - 6.14 6.14
equal Motilal Oswal Financial 85-D 11/06/2021 Commercial Paper A1+ 0.00 - 4.02 4.02
equal National Bank Agr. Rur. Devp 2021 Certificate of Deposit A1+ 0.00 - 3.09 3.09
equal Reserve Bank of India 91-D 11/06/2021 Treasury Bills SOV 0.00 - 3.09 3.09
equal IIFL Wealth Prime 90-D 16/06/2021 Commercial Paper A1+ 0.00 - 3.09 3.09
equal HDFC 90-D 16/06/2021 Commercial Paper A1+ 0.00 - 3.09 3.09
equal Reliance Industries 90-D 01/06/2021 Commercial Paper A1+ 0.00 - 3.09 3.09
equal Reserve Bank of India 364-D 03/06/2021 Treasury Bills SOV 0.00 - 3.09 3.09
equal Export-Import Bank 91-D 09/06/2021 Certificate of Deposit A1+ 0.00 - 3.09 3.09
equal SIDBI 90-D 10/06/2021 Commercial Paper A1+ 0.00 - 3.09 3.09
new L&T Finance 51-D 25/06/2021 Commercial Paper A1+ 0.00 - 3.09 3.09
equal National Bank Agr. Rur. Devp 91-D 12/07/2021 Commercial Paper A1+ 0.00 - 3.08 3.08
equal Aditya Birla Housing Finance 89-D 20/07/2021 Commercial Paper A1+ 0.00 - 3.08 3.08
equal Reliance Jio Infocomm 91-D 15/07/2021 Commercial Paper A1+ 0.00 - 3.08 3.08
equal Reserve Bank of India 91-D 29/07/2021 Treasury Bills SOV 0.00 - 3.08 3.08
new HDFC Securities 91-D 24/08/2021 Commercial Paper A1+ 0.00 - 3.07 3.07
new Axis Bank 23/08/2021 Certificate of Deposit A1+ 0.00 - 3.07 3.07
equal LIC Housing Fin. 164-D 21/06/2021 Commercial Paper A1+ 0.00 - 2.78 2.78
new JM Financial Products 36-D 29/06/2021 Commercial Paper A1+ 0.00 - 2.46 2.46
equal Reserve Bank of India 364-D 10/06/2021 Treasury Bills SOV 0.00 - 1.85 1.85
new Reliance Industries 91-D 24/08/2021 Commercial Paper A1+ 0.00 - 1.84 1.84
equal Julius Baer Capital 91-D 18/06/2021 Commercial Paper A1+ 0.00 - 1.23 1.23

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-May-2021

*As on 30-Apr-2021

Fund Manager

— Rahul Pal since 04-Jul-2016

Education: Mr. Pal is a B.Com (H) and Chartered Accountant.

Experience: Prior to joining Mahindra Manulife Mutual Fund, he has worked with Taurus AMC, Sundaram Mutual Fund and IDBI Mutual Fund.

Funds Managed:

— Amit Garg since 08-Jun-2020

Education: Mr Garg is a B.Com, MMS Finance, CFA

Experience: Prior to joining Mahindra Manulife Investment Management Pvt. Ltd., he has worked with Darashaw & Co. and Daiwa Asset Management (India) Pvt. Ltd.

Funds Managed:


--

Change from previous, NAV as on 13-Jun-2021

Growth: ₹ 1,346.2663

IDCW Weekly: ₹ 1,003.3420

IDCW Daily: ₹ 1,000.8430


Investment Strategy

The scheme seeks to deliver reasonable market related returns with lower risk and higher liquidity through a portfolio of money market and debt instruments.

Investment Details

Minimum Investment (₹) 1,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 6
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) 1
Lock-in Period Not Applicable
Exit Load Exit load of 0.0070% if redeemed within 1 day
0.0065% if redeemed within 2 days
0.0060% if redeemed within 3 days
0.0055% if redeemed within 4 days
0.0050% if redeemed within 5 days
0.0045% if redeemed within 6 days.

Basic Details

Fund House: Mahindra Manulife Mutual Fund
Launch Date: 04-Jul-2016
Return Since Launch: 6.20%
Benchmark: CRISIL Liquid TRI
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 1,617 Cr (As on 31-May-2021)
Expense: 0.14% (As on 30-Apr-2021)
Risk Grade: --
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily12-Jun-20210.0914

 11-Jun-20210.0908
 10-Jun-20210.1000
 09-Jun-20210.1014
 08-Jun-20210.0960
 07-Jun-20210.0899
 06-Jun-20210.0925
 05-Jun-20210.0924
 04-Jun-20210.1026
 03-Jun-20210.0960
 02-Jun-20210.0947
 01-Jun-20210.0925
 31-May-20210.0870
 30-May-20210.0929
 29-May-20210.0928
 28-May-20210.0973
 27-May-20210.1016
 26-May-20210.0994
 25-May-20210.0800
 24-May-20210.0882
 23-May-20210.0927
 22-May-20210.0925
 21-May-20210.1082
 20-May-20210.0935
 19-May-20210.0896
IDCW Weekly11-Jun-20210.6646

 04-Jun-20210.6597
 28-May-20210.6530
 21-May-20210.6624
 14-May-20210.6406
 07-May-20210.5865
 30-Apr-20210.6341
 23-Apr-20210.6609
 16-Apr-20210.6230
 09-Apr-20210.8182
 31-Mar-20210.5175
 26-Mar-20210.7759
 19-Mar-20210.7024
 12-Mar-20210.6253
 05-Mar-20210.5416
 26-Feb-20210.6380
 18-Feb-20210.6385
 12-Feb-20210.6461
 05-Feb-20210.6560
 29-Jan-20210.6480
 22-Jan-20210.6008
 15-Jan-20210.4495
 08-Jan-20210.5040
 01-Jan-20210.8245
 24-Dec-20200.5372

Contact Information

AMC: Mahindra Manulife Investment Management Private Limited

Address: 1st Floor - Sadhana House, Behind Mahindra Towers, 570 - P.B. Marg, Worli, Mumbai - 400018

Phone: 022-66327900

Email: [email protected]

Website: http://www.mahindramanulife.com

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

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