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3 star

Mahindra Manulife Ultra Short Term Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

"Ultra Short Duration debt funds invest in bonds maturing in three to six months. 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 over the said timeframe is low but they do not guarantee returns or safety of capital.

Such funds are usually more suited to institutional investors. 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.

If you do decide to invest in them, remember that these funds usually deliver low returns which are only marginally higher than your bank account. They are not suitable if your aim is 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 0.19 0.01 0.04 0.30 0.81 1.63 3.41 -- -- -- --
CCIL T Bill Liquidity Weight 0.12 0.03 0.03 0.22 0.55 1.05 2.11 -- -- -- --
Debt: Ultra Short Duration 0.21 0.01 0.05 0.31 0.80 1.74 3.64 -- -- -- --
Rank within category 19 20 20 18 14 15 14 -- -- -- --
Number of funds in category 27 27 27 27 27 27 26 20 14 14 12

As on 21-Jan-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Mahindra Manulife Ultra Short Term Fund - Regular Plan
3 star
Oct-19 3.41 -- -- 0.77% 198
Aditya Birla Sun Life Savings Fund  | Invest Online
5 star
Nov-01 4.13 6.34 6.73 0.48% 14,743
HDFC Ultra Short Term Fund - Regular Plan  | Invest Online
4 star
Sep-18 3.66 5.80 -- 0.64% 13,642
ICICI Prudential Ultra Short Term Fund  | Invest Now
5 star
May-11 4.11 6.20 6.56 0.91% 11,500
Kotak Savings Fund Regular Plan  | Invest Online
4 star
Aug-04 3.39 5.51 6.13 0.77% 11,223

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 1.01 24-Mar-2020 - 31-Mar-2020 -0.42 17-Mar-2020 - 24-Mar-2020
Month 1.50 24-Mar-2020 - 23-Apr-2020 -0.18 25-Feb-2020 - 26-Mar-2020
Quarter 2.89 24-Mar-2020 - 24-Jun-2020 0.64 27-Nov-2020 - 26-Feb-2021
Year 6.52 18-Oct-2019 - 19-Oct-2020 3.23 23-Nov-2020 - 23-Nov-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.13 0.39 -1.53 -4.65 -- --
Debt: Ultra Short Duration* 5.21 1.13 1.74 4.46 1.12 2.16
Rank within category -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

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

As on

* As on 31-Dec-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 24 26 19 36
Modified Duration (yrs) 0.24 0.44 0.24 0.38
Average Maturity (yrs) 0.25 0.48 0.25 0.43
Yield to Maturity (%) 4.09 4.12 3.71 4.65
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 7.24% REC 31/12/2022 Non Convertible Debenture AAA 0.00 - 5.16 5.16
equal 9.55% Hindalco Inds. 25/04/2022 Bonds/NCDs AA+ 0.00 - 5.69 5.11
equal 8.18% Power Finance Corporation 19/03/2022 Debenture AAA 0.00 - 5.65 5.09
equal 8.20% GOI 15/02/2022 Central Government Loan SOV 0.00 - 5.07 5.07
equal 8.60% National Bank Agr. Rur. Devp 31/01/2022 Debenture AAA 4.40 - 6.37 5.06
new LIC Housing Fin. 181-D 24/01/2022 Commercial Paper A1+ 0.00 - 5.03 5.03
equal JK Cement 90-D 15/02/2022 Commercial Paper A1+ 0.00 - 5.02 5.02
equal Reliance Jio Infocomm 86-D 04/02/2022 Commercial Paper A1+ 0.00 - 5.02 5.02
new Motilal Oswal Financial 62-D 21/02/2022 Commercial Paper A1+ 0.00 - 5.01 5.01
new Axis Securities 90-D 17/03/2022 Commercial Paper A1+ 0.00 - 5.00 5.00
equal IDFC First Bank 14/03/2022 Certificate of Deposit A1+ 0.00 - 5.45 5.00
equal Sharekhan BNP Paribas Financial Services 215-D 28/03/2022 Commercial Paper A1+ 0.00 - 5.42 4.99
equal 6.84% GOI 19/12/2022 GOI Securities SOV 0.00 - 2.58 2.58
equal 7.35% Power Finance Corporation 15/10/2022 Debenture AAA 2.22 - 3.19 2.57
equal 9.15% Coastal Gujarat Power 14/06/2022 Debenture AA 0.00 - 2.56 2.56
equal 9.23% Gujarat State 30/03/2022 State Development Loan SOV 0.00 - 2.55 2.55
equal HDFC 19/05/2022 Non Convertible Debenture AAA 2.19 - 3.16 2.54
equal 6.60% REC 21/03/2022 Debenture AAA 0.00 - 2.80 2.53
equal 6.92% Maharashtra State 2022 State Development Loan SOV 0.00 - 2.79 2.52
equal Northern ARC Capital 107-D 13/01/2022 Commercial Paper A1+ 0.00 - 2.71 2.51
equal 4.50% HDFC 14/12/2022 Debenture AAA 2.12 - 3.06 2.51
equal Godrej Properties 169-D 10/03/2022 Commercial Paper A1+ 0.00 - 2.72 2.50
equal Piramal Enterprises 90-D 28/02/2022 Commercial Paper A1+ 0.00 - 2.50 2.50
equal Axis Bank 16/06/2022 Certificate of Deposit A1+ 0.00 - 2.47 2.47

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-Dec-2021

Fund Manager

— Rahul Pal since 10-Oct-2019

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:


0.01%

Change from previous, NAV as on 21-Jan-2022

Growth: ₹ 1,110.2808

IDCW Weekly: ₹ 1,000.5049

IDCW Daily: ₹ 1,011.4775


Investment Strategy

The Scheme seeks to generate regular income and capital appreciation through investment in a portfolio of short term debt & money market instruments such that the Macaulay duration of the portfolio is between 3 - 6 months.

Investment Details

Min. Investment (₹) 1,000
Min. Addl Investment (₹) 1,000
Min. SIP Investment (₹) 500
Min. No of Cheques 6
Min. Withdrawal (₹) 1,000
Min. Balance (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Mahindra Manulife Mutual Fund
Launch Date: 17-Oct-2019
Return Since Launch: 4.73%
Benchmark: CRISIL Ultra Short Term Debt Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 198 Cr (As on 31-Dec-2021)
Expense: 0.77% (As on 31-Dec-2021)
Risk Grade: Below Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Weekly14-Jan-20220.7687

 07-Jan-20220.7478
 31-Dec-20210.8556
 24-Dec-20210.5581
 17-Dec-20210.5438
 10-Dec-20210.7069
 03-Dec-20210.6430
 26-Nov-20210.6752
 18-Nov-20210.5283
 12-Nov-20211.0810
 03-Nov-20210.4067
 29-Oct-20210.2631
 22-Oct-20210.4374
 14-Oct-20210.7680
 11-Oct-20210.6624
 04-Oct-20210.2971
 27-Sep-20210.2982
 17-Sep-20210.5736
 09-Sep-20210.4458
 03-Sep-20210.7155
 27-Aug-20210.6835
 20-Aug-20210.9071
 13-Aug-20210.9560
 06-Aug-20210.4565
 30-Jul-20210.7144
IDCW Daily20-Dec-20210.2598

 13-Dec-20210.2906
 08-Dec-20210.2398
 22-Nov-20210.3126
 15-Nov-20210.2997
 09-Nov-20210.1957
 08-Nov-20210.6030
 01-Nov-20210.2039
 18-Oct-20210.2490
 14-Oct-20210.1248
 13-Oct-20210.1239
 12-Oct-20210.1303
 11-Oct-20210.3884
 08-Oct-20210.1885
 07-Oct-20210.1109
 04-Oct-20210.2975
 01-Oct-20210.0697
 30-Sep-20210.0971
 27-Sep-20210.1985
 23-Sep-20210.0942
 20-Sep-20210.2400
 17-Sep-20210.0609
 16-Sep-20210.0675
 13-Sep-20210.3543
 09-Sep-20210.1016

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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