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4 star

Mahindra Manulife Ultra Short Term Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.04 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 1.65 0.03 0.09 0.33 1.10 1.83 4.46 -- -- -- --
CCIL T Bill Liquidity Weight 0.86 0.02 0.05 0.20 0.51 0.97 2.16 -- -- -- --
Debt: Ultra Short Duration 1.74 0.03 0.12 0.36 1.10 1.91 4.41 -- -- -- --
Rank within category 14 4 10 10 8 14 9 -- -- -- --
Number of funds in category 27 28 28 28 27 27 26 17 14 14 0

As on 14-Jun-2021

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 - Direct Plan
4 star
Oct-19 4.46 -- -- 0.35 203
Aditya Birla Sun Life Savings Fund - Direct Plan  | Invest Online
5 star
Jan-13 5.55 7.42 7.55 0.34 18,100
HDFC Ultra Short Term Fund - Direct Plan  | Invest Online
4 star
Sep-18 4.97 -- -- 0.24 16,735
SBI Magnum Ultra Short Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.27 6.79 6.89 0.31 12,864
Kotak Savings Fund - Direct Plan  | Invest Online
5 star
Jan-13 4.53 6.91 7.14 0.33 11,759

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 1.01 24-Mar-2020 - 31-Mar-2020 -0.41 17-Mar-2020 - 24-Mar-2020
Month 1.54 24-Mar-2020 - 23-Apr-2020 -0.15 25-Feb-2020 - 26-Mar-2020
Quarter 3.00 24-Mar-2020 - 24-Jun-2020 0.74 27-Nov-2020 - 26-Feb-2021
Year 6.97 18-Oct-2019 - 19-Oct-2020 4.49 11-Jun-2020 - 11-Jun-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.52 0.39 -2.00 -4.76 -- --
Debt: Ultra Short Duration* 5.88 1.69 2.03 3.71 1.14 2.46
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-May-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 23 26 18 41
Modified Duration (yrs) 0.33 0.56 0.04 --
Average Maturity (yrs) 0.36 0.62 0.36 --
Yield to Maturity (%) 3.87 5.49 3.56 --
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
new Reserve Bank of India 182-D 18/11/2021 Treasury Bills SOV 0.00 - 7.25 7.25
equal 9.55% Hindalco Inds. 25/04/2022 Bonds/NCDs AA 0.00 - 5.12 5.12
equal 8.60% National Bank Agr. Rur. Devp 31/01/2022 Debenture AAA 4.45 - 8.23 5.06
equal 6.72% NTPC 24/11/2021 Bonds AAA 4.37 - 8.00 4.98
equal Motilal Oswal Financial 85-D 11/06/2021 Commercial Paper A1+ 0.00 - 6.09 4.91
equal L&T Finance 248-D 21/06/2021 Commercial Paper A1+ 0.00 - 6.10 4.90
equal National Bank Agr. Rur. Devp 164-D 30/07/2021 Commercial Paper A1+ 0.00 - 6.08 4.89
new Reliance Industries 91-D 24/08/2021 Commercial Paper A1+ 0.00 - 4.87 4.87
equal Tata Realty and Infrastructure 201-D 27/09/2021 Commercial Paper A1+ 0.00 - 6.01 4.85
equal Axis Bank 24/11/2021 Certificate of Deposit A1+ 0.00 - 6.00 4.83
equal AU Small Finance Bank 2021 Certificate of Deposit A1+ 0.00 - 5.96 4.81
new IDFC First Bank 14/03/2022 Certificate of Deposit A1+ 0.00 - 4.76 4.76
equal 7.35% Power Finance Corporation 15/10/2022 Debenture AAA 0.00 - 3.19 2.55
equal HDFC 19/05/2022 Non Convertible Debenture AAA 2.19 - 3.99 2.52
new 6.60% REC 21/03/2022 Debenture AAA 0.00 - 2.50 2.50
equal 8.40% Sundaram Home Finance 16/07/2021 Debenture AA+ 2.17 - 3.95 2.47
equal 7.12% The Ramco Cements 18/06/2021 Debenture AA+ 2.16 - 3.94 2.46
equal 4.50% HDFC 14/12/2022 Debenture AAA 0.00 - 3.06 2.45
equal Julius Baer Capital 91-D 18/06/2021 Commercial Paper A1+ 0.00 - 3.05 2.45
equal LIC Housing Fin. 164-D 21/06/2021 Commercial Paper A1+ 0.00 - 3.05 2.45
equal IIFL Wealth Prime 90-D 07/07/2021 Commercial Paper A1+ 0.00 - 2.44 2.44
equal Godrej Properties 182-D 22/09/2021 Commercial Paper A1+ 0.00 - 3.01 2.43
new Northern ARC Capital 62-D 19/07/2021 Commercial Paper A1+ 0.00 - 2.43 2.43

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 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:


0.03%

Change from previous, NAV as on 14-Jun-2021

Growth: ₹ 1,096.1900

IDCW Weekly: ₹ 1,000.3504

IDCW Daily: ₹ 1,005.7229


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 (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Mahindra Manulife Mutual Fund
Launch Date: 17-Oct-2019
Return Since Launch: 5.69%
Benchmark: CRISIL Ultra ST Debt TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 203 Cr (As on 31-May-2021)
Expense: 0.35% (As on 30-Apr-2021)
Risk Grade: Low
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily14-Jun-20210.3105

 09-Jun-20210.2448
 07-Jun-20210.3785
 03-Jun-20210.1589
 02-Jun-20210.0263
 01-Jun-20210.0765
 31-May-20210.2605
 28-May-20210.1314
 27-May-20210.1240
 25-May-20210.1248
 24-May-20210.2982
 21-May-20210.1544
 20-May-20210.1283
 19-May-20210.0869
 18-May-20210.1259
 17-May-20210.2271
 14-May-20210.1478
 12-May-20210.0517
 11-May-20210.1496
 10-May-20210.2171
 07-May-20210.0489
 06-May-20210.0714
 05-May-20210.0641
 04-May-20210.0825
 03-May-20210.3104
IDCW Weekly11-Jun-20210.7061

 04-Jun-20210.5454
 28-May-20210.7317
 21-May-20210.4399
 14-May-20210.5200
 07-May-20210.6968
 30-Apr-20210.9973
 23-Apr-20210.7495
 16-Apr-20210.7282
 09-Apr-20211.0886
 31-Mar-20210.7305
 26-Mar-20211.0649
 19-Mar-20210.8106
 12-Mar-20210.4699
 05-Mar-20210.5012
 26-Feb-20210.7807
 18-Feb-20210.6655
 12-Feb-20210.7714
 05-Feb-20210.7900
 29-Jan-20210.7977
 22-Jan-20210.7698
 15-Jan-20210.7063
 08-Jan-20210.8787
 01-Jan-20211.8520
 24-Dec-20200.4229

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

Investors' Hangout

Your investment strategy for debt funds after the fiasco

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