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Mahindra Ultra Short Term Yojana - Regular Plan


Analyst's Choice?

Suitability:

Ultra Short Duration debt funds invest in bonds maturing in 3 to 6 months' 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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(₹)
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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 0.94 0.01 0.10 0.63 1.65 -- -- -- -- -- --
CCIL T Bill Liquidity Weight 0.51 0.02 0.10 0.34 0.89 -- -- -- -- -- --
Debt: Ultra Short Duration 0.68 0.01 0.09 0.56 1.31 -- -- -- -- -- --
Rank within category 4 17 19 6 5 -- -- -- -- -- --
Number of funds in category 28 29 29 28 27 26 24 17 17 15 12

As on 18-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.19 (31-Jan-2020 - 07-Feb-2020) 0.06 (04-Dec-2019 - 11-Dec-2019)
Month 0.59 (25-Oct-2019 - 26-Nov-2019) 0.46 (02-Dec-2019 - 01-Jan-2020)
Quarter 1.67 (08-Nov-2019 - 07-Feb-2020) 1.56 (01-Nov-2019 - 31-Jan-2020)
Year -- ( - ) -- ( - )

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 4.06 0.27 -6.06 -10.48 -- --
Debt: Ultra Short Duration* 6.14 1.64 1.35 3.07 1.48 2.85
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-Jan-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 18 18 13 40
Modified Duration (yrs) 0.03 0.37 0.03 0.36
Average Maturity (yrs) 0.43 0.48 0.32 0.44
Yield to Maturity (%) 6.63 7.12 6.49 6.25

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new 8.60% National Bank Agr. Rur. Devp 31/01/2022 Debenture AAA 0.00 - 8.47 8.47
equal 7.50% Power Finance Corp. 17/09/2020 Bonds AAA 7.97 - 8.24 8.23
equal Ujjivan Small Finance Bank 2020 Certificate of Deposit A1+ 0.00 - 8.16 8.16
equal Gujarat Fluorochemicals 91-D 10/02/2020 Commercial Paper A1+ 0.00 - 8.15 8.15
equal Tata Housing Devp. Co. 91-D 12/02/2020 Commercial Paper A1+ 0.00 - 8.15 8.15
equal Chambal Fertilisers & Chem. 88-D 24/03/2020 Commercial Paper A1+ 0.00 - 8.10 8.10
equal AU Small Finance Bank 2020 Certificate of Deposit A1+ 0.00 - 7.75 7.75
equal 7.12% The Ramco Cements 18/06/2021 Debenture AA+ 0.00 - 4.08 4.08
equal Godrej Properties 91-D 09/03/2020 Commercial Paper A1+ 0.00 - 4.06 4.06
equal Tata Power Renewable Energy 84-D 11/03/2020 Commercial Paper A1+ 0.00 - 4.06 4.06
equal Manappuram Finance 91-D 23/03/2020 Commercial Paper A1+ 0.00 - 4.05 4.05
new Manappuram Finance 54-D 24/03/2020 Commercial Paper A1+ 0.00 - 4.05 4.05
equal Muthoot Finance 91-D 19/03/2020 Commercial Paper A1+ 0.00 - 4.05 4.05
equal JM Financial Services 91-D 16/03/2020 Commercial Paper A1+ 0.00 - 4.04 4.04
equal JM Financial Properties & Holdings 91-D 23/03/2020 Commercial Paper A1+ 0.00 - 4.03 4.03
equal Northern ARC Capital 171-D 16/03/2020 Commercial Paper A1+ 3.80 - 4.03 4.03
equal Tata Realty and Infrastructure 326-D 15/09/2020 Commercial Paper A1+ 3.67 - 3.89 3.89
new Reserve Bank of India 70-D 17/03/2020 Treasury Bills SOV 0.00 - 0.41 0.41

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-Jan-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:


0.01%

Change from previous, NAV as on 18-Feb-2020

Growth: ₹ 1,022.3921

Dividend Weekly: ₹ 1,001.7272

Dividend Daily: ₹ 1,001.2664


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 Mutual Fund
Launch Date: 17-Oct-2019
Return Since Launch: 2.24%
Benchmark: CRISIL Ultra ST Debt
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 123 Cr (As on 31-Jan-2020)
Expense: 0.69% (As on 31-Jan-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily18-Feb-20200.0530

 17-Feb-20200.3103
 14-Feb-20200.0873
 13-Feb-20200.0969
 12-Feb-20200.1038
 11-Feb-20200.1101
 10-Feb-20200.3570
 07-Feb-20200.1116
 06-Feb-20200.1172
 05-Feb-20200.1516
 04-Feb-20200.1521
 03-Feb-20200.4110
 31-Jan-20200.1368
 30-Jan-20200.1384
 29-Jan-20200.0829
 28-Jan-20200.1756
 27-Jan-20200.3584
 24-Jan-20200.1496
 23-Jan-20200.1326
 22-Jan-20200.2023
 21-Jan-20200.1959
 20-Jan-20200.3298
 17-Jan-20200.1232
 16-Jan-20200.1339
 15-Jan-20200.1476
Dividend Weekly14-Feb-20200.7882

 07-Feb-20200.8882
 31-Jan-20200.8361
 24-Jan-20200.9603
 17-Jan-20200.8377
 10-Jan-20200.8630
 03-Jan-20200.8540
 27-Dec-20190.8343
 20-Dec-20190.8305
 13-Dec-20190.8601
 06-Dec-20190.9625
 29-Nov-20190.8413
 22-Nov-20190.8673
 15-Nov-20190.8603
 08-Nov-20190.8416
 01-Nov-20190.8634
 25-Oct-20190.7570
 18-Oct-20190.1598

Contact Information

AMC: Mahindra Asset Management Company Private Limited

Address: 1st Floor - Sadhana House, Behind Mahindra Towers, 570 - P.B. Marg, Worli, Mumbai - 400018

Phone: 022-66327900

Email: [email protected]

Website: www.mahindramutualfund.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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