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3 star

Mahindra Manulife Low Duration Fund - Regular Plan


Debt: Low Duration

1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 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 2.94 0.01 0.06 0.29 0.58 1.56 3.19 5.94 -- -- --
CCIL T Bill Liquidity Weight* 1.88 0.03 0.04 0.17 0.43 1.08 2.05 3.24 -- -- --
Debt: Low Duration* 3.82 0.01 0.06 0.29 1.19 2.29 4.22 4.52 -- -- --
Rank within category* 21 6 14 16 21 21 21 13 -- -- --
Number of funds in category* 24 24 24 24 24 24 24 24 23 21 19

As on 03-Dec-2021

* As on 05-Dec-2021

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
3 star
Feb-17 3.19 5.94 -- 1.16% 680
ICICI Prudential Savings Fund  | Invest Now
5 star
Sep-02 4.34 7.24 7.07 0.52% 31,730
HDFC Low Duration Fund  | Invest Online
4 star
Nov-99 4.03 6.77 6.48 1.04% 21,669
Aditya Birla Sun Life Low Duration Fund  | Invest Online
4 star
May-98 3.57 6.63 6.56 1.23% 17,415
Kotak Low Duration Fund - Standard Plan  | Invest Online
4 star
Mar-08 3.57 6.75 6.82 1.11% 11,005

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 3.12 26-Nov-2020 - 26-Nov-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.81 0.86 2.34 4.84 1.30 2.81
CCIL T Bill Liquidity Weight 3.18 0.40 -1.54 -4.30 -- --
Debt: Low Duration 4.65 4.37 1.30 2.85 -0.77 0.39
Rank within category 13 1 8 9 18 12
Number of funds in category 24 24 24 24 24 24

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

As on 30-Nov-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 40 49 39 60
Modified Duration (yrs) 0.60 0.86 0.60 --
Average Maturity (yrs) 0.66 0.95 0.66 --
Yield to Maturity (%) 4.44 4.46 3.98 --
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
equal Axis Bank 24/11/2021 Certificate of Deposit A1+ 5.43 - 7.89 5.87
equal 8.08% GOI 2022 Central Government Loan SOV 0.00 - 4.03 3.79
equal AU Small Finance Bank 2021 Certificate of Deposit A1+ 3.39 - 4.90 3.68
equal Reserve Bank of India 182-D 25/11/2021 Treasury Bills SOV 0.00 - 3.88 3.67
equal Reserve Bank of India 182-D 02/12/2021 Treasury Bills SOV 0.00 - 3.87 3.67
new JM Financial Services 91-D 13/01/2022 Commercial Paper A1+ 0.00 - 3.64 3.64
equal IDFC First Bank 14/03/2022 Certificate of Deposit A1+ 0.00 - 3.83 3.63
new Piramal Enterprises 171-D 31/01/2022 Commercial Paper A1+ 0.00 - 3.62 3.62
equal SIDBI 2022 Commercial Paper A1+ 0.00 - 6.88 3.59
equal 8.40% Tata Realty and Infrastructure 2022 Debenture AA 0.00 - 3.19 3.00
equal Godrej Properties 169-D 10/03/2022 Commercial Paper A1+ 0.00 - 3.06 2.90
equal Sharekhan BNP Paribas Financial Services 215-D 28/03/2022 Commercial Paper A1+ 0.00 - 3.05 2.89
equal 7.35% Power Finance Corporation 15/10/2022 Debenture AAA 2.13 - 3.15 2.27
equal REC 13/12/2022 Debenture AAA 2.13 - 3.14 2.27
equal 8.18% Power Finance Corporation 19/03/2022 Debenture AAA 0.00 - 2.38 2.24
new 8.00% Aditya Birla Housing Finance 2022 Debenture AAA 0.00 - 2.23 2.23
equal 9.75% Manappuram Finance 31/12/2021 Debenture AA 0.00 - 2.36 2.22
equal 5.74% REC 20/06/2024 Debenture AAA 0.00 - 5.03 2.22
equal ICICI Securities 177-D 17/12/2021 Commercial Paper A1+ 0.00 - 2.32 2.20
new Reliance Industries 82-D 28/12/2021 Commercial Paper A1+ 0.00 - 2.19 2.19
equal Northern ARC Capital 107-D 13/01/2022 Commercial Paper A1+ 0.00 - 2.29 2.17
equal 7.38% Cholamandalam Investment & Finance Company 31/07/2024 Debenture AA+ 0.00 - 1.61 1.52
equal 9.55% Hindalco Inds. 25/04/2022 Bonds/NCDs AA+ 0.00 - 1.60 1.50
equal 8.60% National Bank Agr. Rur. Devp 31/01/2022 Debenture AAA 1.40 - 2.10 1.49
equal 5.40% HDFC 2023 Bonds/NCDs AAA 1.39 - 2.04 1.48

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-Oct-2021

Fund Manager

— Rahul Pal since 14-Feb-2017

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:


0.01%

Change from previous, NAV as on 03-Dec-2021

Growth: ₹ 1,325.2358

IDCW Weekly: ₹ 1,052.8279

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IDCW Monthly: ₹ 1,113.4772

IDCW Daily: ₹ 1,005.2293


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
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Mahindra Manulife Mutual Fund
Launch Date: 15-Feb-2017
Return Since Launch: 6.04%
Benchmark: CRISIL Low Duration Debt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 680 Cr (As on 31-Oct-2021)
Expense: 1.16% (As on 31-Oct-2021)
Risk Grade: Low
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily03-Dec-20210.0800

 02-Dec-20210.1488
 01-Dec-20210.0752
 30-Nov-20210.0879
 29-Nov-20210.2246
 26-Nov-20210.1680
 25-Nov-20210.0429
 24-Nov-20210.0551
 23-Nov-20210.0317
 22-Nov-20210.3146
 18-Nov-20210.1054
 17-Nov-20210.0738
 16-Nov-20210.0637
 15-Nov-20210.2767
 12-Nov-20210.0775
 11-Nov-20210.0195
 10-Nov-20210.0867
 09-Nov-20210.2589
 08-Nov-20210.6752
 03-Nov-20210.1427
 02-Nov-20210.0797
 01-Nov-20210.2248
 28-Oct-20210.0128
 22-Oct-20210.0095
 21-Oct-20210.0486
IDCW Monthly26-Nov-20212.9368

 27-Oct-20211.6173
 28-Sep-20212.3596
 27-Aug-20213.8867
 28-Jul-20214.0972
 28-Jun-20212.0944
 27-May-20213.8449
 28-Apr-20214.7169
 26-Mar-20213.7358
 24-Feb-20211.9584
 27-Jan-20210.7119
 29-Dec-20202.5785
 25-Nov-20204.1603
 27-Oct-20206.6563
 28-Sep-20204.1496
 27-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
IDCW Weekly26-Nov-20210.6395

 18-Nov-20210.5437
 12-Nov-20211.1723
 03-Nov-20210.4352
 22-Oct-20210.2426
 14-Oct-20210.8922
 11-Oct-20210.4046
 04-Oct-20210.0434
 27-Sep-20210.0906
 17-Sep-20210.5147
 09-Sep-20210.4179
 03-Sep-20211.1334
 27-Aug-20210.6150
 20-Aug-20211.1794
 13-Aug-20211.2524
 06-Aug-20210.4056
 30-Jul-20210.7900
 23-Jul-20210.6940
 16-Jul-20211.1948
 09-Jul-20211.0061
 02-Jul-20210.4115
 25-Jun-20210.0992
 21-Jun-20210.0744
 11-Jun-20211.3097
 04-Jun-20210.4693

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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