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Mahindra Manulife Low Duration Fund - Direct Plan


Debt: Low Duration

1 Lakh

Investment Grown to
₹ 1.06 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 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 1.87 0.02 0.14 0.43 1.41 2.10 5.51 7.48 -- -- --
CCIL T Bill Liquidity Weight 0.86 0.02 0.05 0.20 0.51 0.97 2.16 3.59 -- -- --
Debt: Low Duration 1.87 0.02 0.14 0.41 1.38 2.20 8.43 5.48 -- -- --
Rank within category 11 7 10 7 10 11 16 10 -- -- --
Number of funds in category 24 24 24 24 24 24 24 24 23 21 0

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 Low Duration Fund - Direct Plan
4 star
Feb-17 5.51 7.48 -- 0.34 648
ICICI Prudential Savings Fund - Direct Plan  | Invest Now
4 star
Jan-13 6.68 7.95 7.79 0.42 30,234
HDFC Low Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 7.18 7.98 7.81 0.44 24,543
Aditya Birla Sun Life Low Duration Fund - Direct Plan  | Invest Online
5 star
Jan-13 6.61 8.24 8.04 0.40 16,526
Kotak Low Duration Fund - Standard Plan - Direct Plan  | Invest Online
5 star
Jan-13 6.62 8.24 8.27 0.39 12,765

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 1.34 24-Mar-2020 - 31-Mar-2020 -0.75 12-Mar-2020 - 19-Mar-2020
Month 1.83 24-Mar-2020 - 23-Apr-2020 -0.59 25-Feb-2020 - 26-Mar-2020
Quarter 3.54 24-Mar-2020 - 24-Jun-2020 0.63 24-Dec-2019 - 24-Mar-2020
Year 9.44 02-Nov-2018 - 04-Nov-2019 5.51 11-Jun-2020 - 11-Jun-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.25 0.80 3.68 6.35 1.11 3.80
CCIL T Bill Liquidity Weight 3.52 0.39 -2.00 -4.76 -- --
Debt: Low Duration 5.54 4.24 1.71 3.08 -0.53 0.84
Rank within category 10 1 1 5 18 10
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 31-May-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 47 49 40 61
Modified Duration (yrs) 0.65 0.90 0.65 --
Average Maturity (yrs) 0.74 1.04 0.74 --
Yield to Maturity (%) 4.27 5.91 4.13 --
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+ 0.00 - 7.89 6.07
equal IIFL Wealth Prime 90-D 07/07/2021 Commercial Paper A1+ 0.00 - 4.11 3.84
equal Reserve Bank of India 364-D 29/07/2021 Treasury Bills SOV 0.00 - 5.02 3.84
equal Reserve Bank of India 364-D 05/08/2021 Treasury Bills SOV 0.00 - 5.02 3.84
new Reserve Bank of India 182-D 25/11/2021 Treasury Bills SOV 0.00 - 3.79 3.79
equal AU Small Finance Bank 2021 Certificate of Deposit A1+ 0.00 - 4.90 3.78
new IDFC First Bank 14/03/2022 Certificate of Deposit A1+ 0.00 - 3.74 3.74
equal L&T Finance 248-D 21/06/2021 Commercial Paper A1+ 0.00 - 4.01 3.08
equal Godrej Properties 182-D 22/09/2021 Commercial Paper A1+ 0.00 - 3.97 3.05
equal 7.35% Power Finance Corp. 15/10/2022 Debenture AAA 0.00 - 3.24 2.40
equal REC 13/12/2022 Debenture AAA 2.35 - 3.84 2.40
down 5.74% REC 20/06/2024 Debenture AAA 0.00 - 5.03 2.34
new 5.27% National Bank Agr. Rur. Devp 29/04/2024 Debenture AAA 0.00 - 2.32 2.32
equal 8.75% Muthoot Finance 19/06/2021 Bonds/NCDs AA+ 0.00 - 3.06 2.32
equal National Bank Agr. Rur. Devp 164-D 30/07/2021 Commercial Paper A1+ 0.00 - 3.00 2.30
new Northern ARC Capital 62-D 19/07/2021 Commercial Paper A1+ 0.00 - 2.29 2.29
equal IIFL Home Finance 2021 Debenture AA 1.86 - 2.85 1.97
equal 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 5.20 1.64
equal 9.55% Hindalco Inds. 25/04/2022 Bonds/NCDs AA 0.00 - 1.74 1.61
equal 8.60% National Bank Agr. Rur. Devp 31/01/2022 Debenture AAA 1.58 - 2.63 1.59
equal 10.50% Manappuram Finance 27/09/2022 Non Convertible Debenture AA 1.55 - 2.54 1.57
equal 7.40% Power Finance Corp. 30/09/2021 Bonds AAA 0.00 - 2.34 1.56
equal 5.40% HDFC 2023 Bonds/NCDs AAA 0.00 - 2.06 1.56
equal 6.72% NTPC 24/11/2021 Bonds AAA 1.55 - 2.56 1.56
equal 8.40% Sundaram Home Finance 16/07/2021 Debenture AA+ 1.53 - 2.52 1.55

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 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:


0.02%

Change from previous, NAV as on 11-Jun-2021

Growth: ₹ 1,357.4491

IDCW Weekly: ₹ 1,031.2043

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IDCW Monthly: ₹ 1,134.6096

IDCW Daily: ₹ 1,030.8022


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: 7.33%
Benchmark: CRISIL Low Duration Debt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 648 Cr (As on 31-May-2021)
Expense: 0.34% (As on 30-Apr-2021)
Risk Grade: Low
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Weekly04-Jun-20210.6235

 28-May-20210.9233
 21-May-20211.1568
 14-May-20210.8484
 07-May-20210.9358
 30-Apr-20211.7127
 23-Apr-20211.0452
 16-Apr-20210.6166
 09-Apr-20211.2066
 31-Mar-20211.0084
 26-Mar-20211.7034
 19-Mar-20211.1185
 12-Mar-20210.5853
 05-Mar-20210.6177
 26-Feb-20210.4256
 18-Feb-20211.0629
 12-Feb-20210.6089
 08-Jan-20211.1195
 01-Jan-20211.4635
 24-Dec-20200.5602
 18-Dec-20200.6108
 11-Dec-20200.5913
 04-Dec-20200.2980
 27-Nov-20201.0890
 20-Nov-20201.3305
IDCW Daily03-Jun-20210.1812

 02-Jun-20210.0294
 01-Jun-20210.0131
 31-May-20210.2220
 28-May-20210.1058
 27-May-20210.2690
 25-May-20210.2904
 24-May-20210.2461
 21-May-20210.2601
 20-May-20210.0974
 19-May-20210.1731
 18-May-20210.2314
 17-May-20210.2658
 14-May-20210.1152
 12-May-20210.1247
 11-May-20210.2712
 10-May-20210.2676
 07-May-20210.1433
 06-May-20210.1187
 05-May-20210.1257
 04-May-20210.1077
 03-May-20210.3450
 30-Apr-20210.3287
 29-Apr-20210.1194
 28-Apr-20210.3007
IDCW Monthly27-May-20214.6522

 28-Apr-20215.6363
 26-Mar-20214.5682
 24-Feb-20212.7051
 27-Jan-20211.4581
 29-Dec-20203.4969
 25-Nov-20204.9777
 27-Oct-20207.5128
 28-Sep-20205.0387
 27-Aug-20203.8017
 29-Jul-20207.4486
 26-Jun-20209.6344
 27-May-202013.1902
 28-Apr-20203.5625
 27-Mar-20204.1465
 26-Feb-20205.4095
 29-Jan-20205.3320
 27-Dec-20193.6718
 27-Nov-20195.3956
 29-Oct-20197.0494
 26-Sep-20193.7450
 28-Aug-20196.7815
 29-Jul-20197.2106
 26-Jun-20194.2496
 29-May-20198.1461

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

Upcoming Video

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Your investment strategy for debt funds after the fiasco

DateFriday, 18-Jun-2021
Time12:30 PM - 01:00 PM