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4 star

Mahindra Manulife Low Duration Fund - Regular Plan


Debt: Low Duration

1 Lakh

Investment Grown to
₹ 1.07 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Suitability:

Low Duration debt funds invest in bonds maturing in six months to a year. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.

Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to three months maturity, from the one that invests in bonds maturing in three to six months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to a year in a Liquid fund.

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 4.93 0.01 0.07 0.33 1.44 4.01 6.88 6.92 -- -- --
CCIL T Bill Liquidity Weight 2.45 0.02 0.02 0.17 0.56 1.65 3.48 4.01 -- -- --
Debt: Low Duration 4.72 0.02 0.10 0.30 3.67 5.38 6.44 5.04 -- -- --
Rank within category 19 22 24 9 18 20 18 13 -- -- --
Number of funds in category 25 25 25 25 25 25 25 25 24 22 19

As on 18-Sep-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Mahindra Manulife Low Duration Fund - Regular Plan
4 star
Feb-17 6.88 6.92 -- 1.13 512
ICICI Prudential Savings Fund  | Invest Now
4 star
Sep-02 8.44 7.90 8.16 0.61 19,725
Aditya Birla Sun Life Low Duration Fund  | Invest Online
4 star
May-98 7.90 7.54 7.67 1.22 14,808
SBI Magnum Low Duration Fund  | Invest Online
5 star
Jul-07 7.24 7.51 7.65 1.07 10,361
Kotak Low Duration Fund - Standard Plan  | Invest Online
4 star
Mar-08 8.48 7.80 8.11 1.12 9,297

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.33 (24-Mar-2020 - 31-Mar-2020) -0.76 (12-Mar-2020 - 19-Mar-2020)
Month 1.76 (24-Mar-2020 - 23-Apr-2020) -0.65 (25-Feb-2020 - 26-Mar-2020)
Quarter 3.33 (24-Mar-2020 - 24-Jun-2020) 0.43 (24-Dec-2019 - 24-Mar-2020)
Year 8.56 (02-Nov-2018 - 04-Nov-2019) 5.42 (25-Sep-2017 - 25-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.75 0.70 2.28 4.69 0.64 2.36
CCIL T Bill Liquidity Weight 3.97 0.31 -3.79 -6.90 -- --
Debt: Low Duration 5.15 4.37 1.06 2.22 -0.82 -0.94
Rank within category 14 1 7 8 15 10
Number of funds in category 25 25 25 25 25 25

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

As on 31-Aug-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 47 47 39 55
Modified Duration (yrs) 0.73 0.80 0.00 0.78
Average Maturity (yrs) 0.85 1.03 0.79 0.91
Yield to Maturity (%) 4.72 7.67 4.72 4.92

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Axis Bank 18/09/2020 Certificate of Deposit A1+ 0.00 - 7.12 4.87
equal Union Bank of India 2020 Certificate of Deposit A1+ 0.00 - 7.00 4.85
new Bank of Baroda 22/06/2021 Certificate of Deposit A1+ 0.00 - 4.73 4.73
new Reserve Bank of India 364-D 29/07/2021 Treasury Bills SOV 0.00 - 4.73 4.73
new Reserve Bank of India 364-D 05/08/2021 Treasury Bills SOV 0.00 - 4.72 4.72
equal 7.07% Reliance Industries 24/12/2020 Bonds/Debentures AAA 0.00 - 5.03 3.94
equal IDFC First Bank 2020 Certificate of Deposit A1+ 0.00 - 4.86 3.86
equal REC 13/12/2022 Debenture AAA 0.00 - 4.25 3.05
equal 7.82% Godrej Properties 25/09/2020 Bonds/Debentures AA 0.00 - 4.37 2.93
new Muthoot Finance 91-D 23/09/2020 Commercial Paper A1+ 0.00 - 2.92 2.92
equal IIFL Home Finance 2021 Debenture AA 1.09 - 2.85 2.30
equal 8.60% National Bank Agr. Rur. Devp 31/01/2022 Debenture AAA 2.06 - 3.21 2.06
equal 8.43% Kotak Mahindra Prime 28/06/2021 Debenture AAA 2.02 - 3.16 2.02
equal 7.40% Power Finance Corp. 30/09/2021 Bonds AAA 0.00 - 2.34 2.01
equal 6.72% NTPC 24/11/2021 Bonds AAA 0.00 - 2.56 2.01
equal 10.50% Manappuram Finance 27/09/2022 Non Convertible Debenture AA 2.00 - 3.11 2.00
equal 8.40% Sundaram Home Finance 16/07/2021 Debenture AA+ 2.00 - 4.69 2.00
equal 7.12% The Ramco Cements 18/06/2021 Debenture AA+ 0.00 - 2.93 1.98
equal Tata Cleantech Capital 91-D 25/09/2020 Commercial Paper A1+ 0.00 - 2.46 1.95
new Motilal Oswal Financial 90-D 17/09/2020 Commercial Paper A1+ 0.00 - 1.95 1.95
new Godrej Properties 91-D 23/09/2020 Commercial Paper A1+ 0.00 - 1.95 1.95
equal Tata Realty and Infrastructure 326-D 15/09/2020 Commercial Paper A1+ 0.00 - 2.82 1.95
equal The Ramco Cements 81-D 29/09/2020 Commercial Paper A1+ 0.00 - 2.25 1.95
equal Muthoot Finance 90-D 20/10/2020 Commercial Paper A1+ 0.00 - 2.24 1.94
new JM Financial Services 91-D 13/11/2020 Commercial Paper A1+ 0.00 - 1.93 1.93

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-Aug-2020

Fund Manager

— Rahul Pal since 14-Feb-2017

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

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

Funds Managed:


0.01%

Change from previous, NAV as on 18-Sep-2020

Growth: ₹ 1,270.2837

Dividend Weekly: ₹ 1,052.9398

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Dividend Monthly: ₹ 1,115.7671

Dividend Daily: ₹ 1,010.0123


Investment Strategy

The Scheme seeks to provide reasonable returns commensurate with a low to moderate level of risk and high degree of liquidity, through a portfolio constituted 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
Exit Load 0

Basic Details

Fund House: Mahindra Manulife Mutual Fund
Launch Date: 15-Feb-2017
Return Since Launch: 6.89%
Benchmark: CRISIL Low Duration Debt
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 512 Cr (As on 31-Aug-2020)
Expense: 1.13% (As on 31-Aug-2020)
Risk Grade: Low
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily18-Sep-20200.0833

 17-Sep-20200.0439
 16-Sep-20200.2422
 15-Sep-20200.1298
 14-Sep-20200.2293
 11-Sep-20200.0183
 10-Sep-20200.0055
 09-Sep-20200.1768
 07-Sep-20200.1068
 04-Sep-20200.0488
 03-Sep-20200.3541
 02-Sep-20200.0886
 01-Sep-20200.6158
 31-Aug-20200.8323
 28-Aug-20200.0131
 27-Aug-20200.3439
 26-Aug-20200.0163
 25-Aug-20200.2547
 20-Aug-20200.3336
 19-Aug-20200.1779
 18-Aug-20200.0521
 17-Aug-20200.3184
 13-Aug-20200.2742
 12-Aug-20200.1269
 11-Aug-20200.0820
Dividend Weekly11-Sep-20200.0147

 04-Sep-20202.0216
 28-Aug-20200.4868
 21-Aug-20200.5368
 14-Aug-20200.6848
 07-Aug-20200.5238
 31-Jul-20200.7797
 24-Jul-20200.4031
 17-Jul-20201.2322
 10-Jul-20202.0233
 03-Jul-20202.3166
 26-Jun-20202.4453
 19-Jun-20203.5051
 12-Jun-20201.6960
 05-Jun-20200.8578
 29-May-20200.7244
 22-May-20204.0121
 15-May-20202.7379
 08-May-20202.2853
 24-Apr-20201.6310
 17-Apr-20201.3567
 03-Apr-20201.0348
 27-Mar-20201.7425
 06-Mar-20201.4407
 28-Feb-20200.6884
Dividend Monthly27-Aug-20203.0128

 29-Jul-20206.4944
 26-Jun-20208.6981
 27-May-202012.2304
 28-Apr-20202.6971
 27-Mar-20203.5293
 26-Feb-20204.8100
 29-Jan-20204.6501
 27-Dec-20193.0622
 27-Nov-20194.7767
 29-Oct-20196.3358
 26-Sep-20193.1773
 28-Aug-20196.1325
 29-Jul-20196.5069
 26-Jun-20193.6847
 29-May-20197.4054
 25-Apr-20194.4004
 27-Mar-20195.8606
 26-Feb-20194.2925
 29-Jan-20196.1034
 27-Dec-20185.7110

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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