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Unrated

Mahindra Manulife Ultra Short Term Fund - Regular Plan


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 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 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 4.83 0.03 0.07 0.30 1.07 3.15 -- -- -- -- --
CCIL T Bill Liquidity Weight 2.47 -0.02 0.02 0.12 0.49 1.42 -- -- -- -- --
Debt: Ultra Short Duration 4.10 0.03 0.06 0.30 0.99 2.82 -- -- -- -- --
Rank within category 4 17 11 13 10 7 -- -- -- -- --
Number of funds in category 26 27 27 27 27 27 24 15 15 14 12

As on 28-Sep-2020

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
Unrated
Oct-19 -- -- -- 0.75 164
Aditya Birla Sun Life Savings Fund  | Invest Online
5 star
Nov-01 7.52 7.71 8.06 0.48 16,218
SBI Magnum Ultra Short Duration Fund  | Invest Online
4 star
May-99 6.64 7.43 7.38 0.49 12,635
HDFC Ultra Short Term Fund - Regular Plan  | Invest Online
4 star
Sep-18 6.83 -- -- 0.64 11,891
Kotak Savings Fund Regular Plan  | Invest Online
4 star
Aug-04 6.54 7.13 7.38 0.77 11,176

Best & Worst Performance

Best (Period) Worst (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) 0.84 (24-Dec-2019 - 24-Mar-2020)
Year -- ( - ) -- ( - )

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.97 0.31 -3.79 -6.90 -- --
Debt: Ultra Short Duration* 5.95 1.70 1.60 3.38 0.92 1.89
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-Aug-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 22 23 13 37
Modified Duration (yrs) 0.35 0.56 0.03 0.34
Average Maturity (yrs) 0.38 0.62 0.32 0.42
Yield to Maturity (%) 4.26 7.12 4.26 4.50
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 8.60% National Bank Agr. Rur. Devp 31/01/2022 Debenture AAA 0.00 - 9.04 6.44
equal 6.72% NTPC 24/11/2021 Bonds AAA 0.00 - 8.00 6.26
equal 8.80% REC 25/10/2020 Bonds AAA 0.00 - 7.88 6.13
equal 7.50% Power Finance Corp. 17/09/2020 Bonds AAA 5.90 - 8.76 6.10
equal Tata Cleantech Capital 91-D 25/09/2020 Commercial Paper A1+ 0.00 - 7.69 6.07
equal Reliance Jio Infocomm 91-D 23/10/2020 Commercial Paper A1+ 0.00 - 6.06 6.06
equal AU Small Finance Bank 2020 Certificate of Deposit A1+ 0.00 - 8.43 6.03
new Muthoot Finance 91-D 23/09/2020 Commercial Paper A1+ 0.00 - 3.65 3.65
equal HDFC 19/05/2022 Non Convertible Debenture AAA 0.00 - 4.33 3.14
equal 7.89% SIDBI 15/11/2022 Non Convertible Debenture AAA 0.00 - 4.43 3.12
equal 8.40% Sundaram Home Finance 16/07/2021 Debenture AA+ 0.00 - 4.33 3.12
equal 7.12% The Ramco Cements 18/06/2021 Debenture AA+ 0.00 - 4.33 3.09
equal 7.07% Reliance Industries 24/12/2020 Bonds/Debentures AAA 0.00 - 3.94 3.08
equal The Ramco Cements 81-D 29/09/2020 Commercial Paper A1+ 0.00 - 3.04 3.04
equal Tata Realty and Infrastructure 326-D 15/09/2020 Commercial Paper A1+ 2.91 - 4.21 3.04
equal Godrej Properties 91-D 23/09/2020 Commercial Paper A1+ 0.00 - 3.83 3.04
equal Godrej Agrovet 163-D 18/09/2020 Commercial Paper A1+ 0.00 - 3.04 3.04
new JM Financial Services 91-D 13/11/2020 Commercial Paper A1+ 0.00 - 3.00 3.00
equal Northern ARC Capital 91-D 19/10/2020 Commercial Paper A1+ 0.00 - 3.00 3.00
new Transport Corporation 90-D 25/11/2020 Commercial Paper A1+ 0.00 - 3.00 3.00
equal 8.79% IDFC First Bank 15/09/2020 Debenture AA 0.00 - 1.22 1.22
new Reserve Bank of India 182-D 19/11/2020 Treasury Bills SOV 0.00 - 0.60 0.60

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 10-Oct-2019

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:

— Amit Garg since 08-Jun-2020

Education: Mr Garg has a B.Com degree and has also done his MBA in Finance.

Experience: Mr Garg has over 8 years of experience. He has worked previously with Darashaw & Co. in investment banking sales and with Daiwa Asset Management as a Junior Fund Manager and Dealer.

Funds Managed:


0.03%

Change from previous, NAV as on 28-Sep-2020

Growth: ₹ 1,061.7966

Dividend Weekly: ₹ 1,002.8944

Dividend Daily: ₹ 1,006.1514


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

Minimum Investment (₹) 1,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 6
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) --
Exit Load 0

Basic Details

Fund House: Mahindra Manulife Mutual Fund
Launch Date: 17-Oct-2019
Return Since Launch: 6.18%
Benchmark: CRISIL Ultra ST Debt
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 164 Cr (As on 31-Aug-2020)
Expense: 0.75% (As on 31-Aug-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily25-Sep-20200.0878

 24-Sep-20200.0918
 23-Sep-20200.0722
 22-Sep-20200.1589
 21-Sep-20200.3283
 18-Sep-20200.0976
 17-Sep-20200.0818
 16-Sep-20200.1657
 15-Sep-20200.1139
 14-Sep-20200.3275
 10-Sep-20200.0058
 09-Sep-20200.0577
 07-Sep-20200.2230
 04-Sep-20200.1217
 03-Sep-20200.1935
 02-Sep-20200.0795
 01-Sep-20200.2148
 31-Aug-20200.4451
 28-Aug-20200.0104
 27-Aug-20200.1304
 26-Aug-20200.0743
 25-Aug-20200.0965
 24-Aug-20200.0740
 20-Aug-20200.2463
 19-Aug-20200.2100
Dividend Weekly18-Sep-20200.3121

 11-Sep-20201.0217
 04-Sep-20201.3364
 28-Aug-20201.0023
 21-Aug-20200.9655
 14-Aug-20200.8560
 07-Aug-20201.0601
 31-Jul-20201.0093
 24-Jul-20201.7080
 17-Jul-20201.1418
 10-Jul-20201.4436
 03-Jul-20201.2153
 26-Jun-20201.2810
 19-Jun-20201.0891
 12-Jun-20201.2028
 05-Jun-20201.7867
 29-May-20201.2787
 22-May-20201.3964
 15-May-20201.1828
 08-May-20201.3133
 30-Apr-20200.8803
 24-Apr-20201.1676
 17-Apr-20201.3665
 09-Apr-20201.0494
 03-Apr-20201.0926

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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