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4 star

Mahindra Manulife Low Duration Fund - Regular Plan


Debt: Low Duration

1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Suitability:

Low Duration debt funds invest in bonds maturing in 6 months to 1 year time. 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 3 months maturity, from the one that invests in bonds maturing in 3-6 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 the next one 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 paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT).Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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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 4.08 0.04 0.23 1.04 2.39 3.92 7.71 7.07 -- -- --
CCIL T Bill Liquidity Weight 2.02 0.01 0.06 0.22 0.87 1.93 3.90 4.14 -- -- --
Debt: Low Duration 3.16 0.05 1.38 2.26 2.64 2.99 6.16 4.98 -- -- --
Rank within category 19 18 19 20 18 19 16 13 -- -- --
Number of funds in category 25 25 25 25 25 25 25 25 24 22 17

As on 07-Jul-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 7.71 7.07 -- 1.13 357
ICICI Prudential Savings Fund  | Invest Now
4 star
Sep-02 9.22 8.04 8.26 0.50 18,250
SBI Magnum Low Duration Fund  | Invest Online
5 star
Jul-07 8.41 7.73 7.82 1.04 8,727
Axis Treasury Advantage Fund  | Invest Online
5 star
Oct-09 8.88 7.93 7.92 0.58 4,777
IDFC Low Duration Fund - Regular Plan
4 star
Jan-06 8.67 7.77 8.01 0.48 4,144

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 6.82 0.69 2.22 4.56 0.56 2.21
CCIL T Bill Liquidity Weight 4.07 0.28 -4.34 -7.86 -- --
Debt: Low Duration 4.56 3.72 0.95 1.91 0.20 -0.50
Rank within category 13 1 6 7 11 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 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 39 47 39 44
Modified Duration (yrs) 0.80 0.80 0.00 --
Average Maturity (yrs) 0.95 1.03 0.79 --
Yield to Maturity (%) 5.91 8.25 5.91 --

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 6.93
equal Union Bank of India 2020 Certificate of Deposit A1+ 0.00 - 7.00 6.89
new REC 13/12/2022 Debenture AAA 0.00 - 4.25 4.25
equal 7.82% Godrej Properties 25/09/2020 Bonds/Debentures AA 0.00 - 4.37 4.20
equal Indian Oil Corp. 60-D 12/06/2020 Commercial Paper A1+ 0.00 - 4.29 4.20
equal 7.46% Power Finance Corp. 2020 Bonds AAA 0.00 - 4.41 4.20
new Tata Power 90-D 25/08/2020 Commercial Paper A1+ 0.00 - 4.15 4.15
equal 8.60% National Bank Agr. Rur. Devp 31/01/2022 Debenture AAA 2.07 - 3.40 2.95
equal 8.43% Kotak Mahindra Prime 28/06/2021 Debenture AAA 2.03 - 3.35 2.85
equal 7.12% The Ramco Cements 18/06/2021 Debenture AA+ 0.00 - 2.93 2.83
equal 8.40% Sundaram Home Finance 16/07/2021 Debenture AA+ 0.00 - 4.69 2.83
equal 10.50% Manappuram Finance 27/09/2022 Non Convertible Debenture AA 0.00 - 3.11 2.82
equal Ujjivan Small Finance Bank 2020 Certificate of Deposit A1+ 0.00 - 2.90 2.80
equal 8.75% Muthoot Finance 24/06/2020 Debenture AA 2.00 - 3.31 2.80
equal EID-Parry (I) 78-D 26/06/2020 Commercial Paper A1+ 0.00 - 2.85 2.79
equal Godrej Agrovet 90-D 20/07/2020 Commercial Paper A1+ 0.00 - 2.84 2.78
equal Northern ARC Capital 120-D 15/07/2020 Commercial Paper A1+ 0.00 - 2.84 2.77
new Motilal Oswal Financial 91-D 21/08/2020 Commercial Paper A1+ 0.00 - 2.75 2.75
equal Tata Realty and Infrastructure 326-D 15/09/2020 Commercial Paper A1+ 0.00 - 2.82 2.74
equal AU Small Finance Bank 2020 Certificate of Deposit A1+ 0.00 - 2.82 2.73
equal IIFL Home Finance 2021 Debenture AA 1.09 - 1.74 1.58
equal 8.25% IRFC 28/02/2024 Debenture AAA 1.06 - 1.72 1.53
equal 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 3.13 1.51
equal 8.37% LIC Housing Fin. 21/05/2023 Debenture AAA 1.02 - 1.68 1.45
equal 10.25% Sikka Ports and Terminals 22/08/2021 Debenture AAA 0.00 - 1.50 1.45

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-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:


0.04%

Change from previous, NAV as on 07-Jul-2020

Growth: ₹ 1,260.0338

Dividend Weekly: ₹ 1,053.1173

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Dividend Monthly: ₹ 1,116.2377

Dividend Daily: ₹ 1,010.9647


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: 7.05%
Benchmark: CRISIL Low Duration Debt
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 357 Cr (As on 31-May-2020)
Expense: 1.13% (As on 31-May-2020)
Risk Grade: Low
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily07-Jul-20200.3756

 06-Jul-20200.5240
 03-Jul-20200.0784
 01-Jul-20200.3978
 30-Jun-20200.3481
 29-Jun-20200.4611
 26-Jun-20200.4124
 25-Jun-20200.3167
 24-Jun-20200.2035
 23-Jun-20200.2846
 22-Jun-20200.3770
 19-Jun-20200.1679
 18-Jun-20200.1981
 17-Jun-20200.3148
 16-Jun-20200.2024
 15-Jun-20200.7146
 12-Jun-20200.3602
 11-Jun-20200.4962
 10-Jun-20200.2573
 09-Jun-20200.2938
 08-Jun-20200.2153
 05-Jun-20200.0094
 04-Jun-20200.1186
 03-Jun-20200.2562
 02-Jun-20200.1151
Dividend Weekly03-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
 20-Feb-20200.4911
 14-Feb-20200.9822
 07-Feb-20202.3269
 31-Jan-20200.8473
 24-Jan-20201.2332
 17-Jan-20200.6477
 10-Jan-20200.7909
 03-Jan-20201.0678
 27-Dec-20190.6945
 20-Dec-20191.2832
Dividend Monthly26-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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