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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 3.42 0.01 0.07 0.32 0.80 1.88 3.70 -- -- -- --
CCIL T Bill Liquidity Weight 1.88 0.03 0.04 0.17 0.43 1.08 2.05 -- -- -- --
Debt: Ultra Short Duration 3.72 0.01 0.07 0.33 0.96 2.10 4.00 -- -- -- --
Rank within category 14 11 12 18 15 13 13 -- -- -- --
Number of funds in category 27 28 28 28 28 28 27 20 14 14 0

As on 03-Dec-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 3.70 -- -- 0.35% 200
Aditya Birla Sun Life Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.09 6.75 6.91 0.34% 17,500
HDFC Ultra Short Term Fund - Direct Plan  | Invest Online
4 star
Sep-18 3.90 6.38 -- 0.34% 16,432
Kotak Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.65 6.21 6.61 0.33% 13,153
SBI Magnum Ultra Short Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.57 6.05 6.53 0.31% 11,569

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 3.66 23-Nov-2020 - 23-Nov-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.18 0.40 -1.54 -4.30 -- --
Debt: Ultra Short Duration* 5.68 1.35 2.25 5.69 1.05 2.53
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 30-Nov-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 20 26 19 41
Modified Duration (yrs) 0.24 0.45 0.24 --
Average Maturity (yrs) 0.25 0.48 0.25 --
Yield to Maturity (%) 4.01 4.12 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
equal Reserve Bank of India 182-D 18/11/2021 Treasury Bills SOV 0.00 - 8.27 7.47
equal 9.55% Hindalco Inds. 25/04/2022 Bonds/NCDs AA+ 0.00 - 5.69 5.10
equal 8.18% Power Finance Corporation 19/03/2022 Debenture AAA 0.00 - 5.65 5.06
equal 8.60% National Bank Agr. Rur. Devp 31/01/2022 Debenture AAA 4.40 - 6.37 5.05
equal 6.72% NTPC 24/11/2021 Bonds AAA 4.35 - 6.26 5.00
equal AU Small Finance Bank 2021 Certificate of Deposit A1+ 4.12 - 5.96 4.98
equal Axis Bank 24/11/2021 Certificate of Deposit A1+ 4.15 - 6.00 4.98
equal 15.12% GOI 15/12/2021 GOI Securities SOV 0.00 - 5.50 4.97
equal JM Financial Services 91-D 14/12/2021 Commercial Paper A1+ 0.00 - 5.49 4.96
equal ICICI Securities 177-D 17/12/2021 Commercial Paper A1+ 0.00 - 5.49 4.96
equal IDFC First Bank 14/03/2022 Certificate of Deposit A1+ 0.00 - 5.45 4.92
equal Sharekhan BNP Paribas Financial Services 215-D 28/03/2022 Commercial Paper A1+ 0.00 - 5.42 4.89
new 6.84% GOI 19/12/2022 GOI Securities SOV 0.00 - 2.57 2.57
equal 7.35% Power Finance Corporation 15/10/2022 Debenture AAA 2.22 - 3.19 2.56
equal HDFC 19/05/2022 Non Convertible Debenture AAA 2.19 - 3.16 2.53
equal 6.60% REC 21/03/2022 Debenture AAA 0.00 - 2.80 2.52
equal 6.92% Maharashtra State 2022 State Development Loan SOV 0.00 - 2.79 2.51
equal 4.50% HDFC 14/12/2022 Debenture AAA 0.00 - 3.06 2.49
equal Northern ARC Capital 107-D 13/01/2022 Commercial Paper A1+ 0.00 - 2.71 2.46
equal Godrej Properties 169-D 10/03/2022 Commercial Paper A1+ 0.00 - 2.72 2.46

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-Oct-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 03-Dec-2021

Growth: ₹ 1,115.2314

IDCW Weekly: ₹ 1,000.7419

IDCW Daily: ₹ 1,013.2021


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: 5.25%
Benchmark: CRISIL Ultra Short Term Debt Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 200 Cr (As on 31-Oct-2021)
Expense: 0.35% (As on 31-Oct-2021)
Risk Grade: Below Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily29-Nov-20210.2868

 22-Nov-20210.3651
 15-Nov-20210.3395
 09-Nov-20210.2113
 08-Nov-20210.6668
 01-Nov-20210.2420
 18-Oct-20210.2996
 11-Oct-20210.4283
 08-Oct-20210.2017
 04-Oct-20210.3362
 27-Sep-20210.2366
 20-Sep-20210.2778
 13-Sep-20210.4041
 06-Sep-20210.2555
 30-Aug-20210.3179
 23-Aug-20210.2763
 20-Aug-20210.2372
 18-Aug-20210.2264
 17-Aug-20210.5253
 13-Aug-20210.2248
 12-Aug-20210.2053
 09-Aug-20210.3426
 02-Aug-20210.2781
 26-Jul-20210.4640
 19-Jul-20210.2926
IDCW Weekly26-Nov-20210.6297

 18-Nov-20210.6045
 12-Nov-20210.9102
 03-Nov-20210.4675
 29-Oct-20210.0832
 22-Oct-20210.4923
 14-Oct-20210.7194
 11-Oct-20210.7933
 04-Oct-20210.4401
 27-Sep-20210.4204
 17-Sep-20210.3794
 09-Sep-20210.4682
 03-Sep-20210.7066
 27-Aug-20210.8163
 20-Aug-20210.9638
 13-Aug-20210.7590
 06-Aug-20210.5041
 30-Jul-20210.7538
 23-Jul-20210.7427
 16-Jul-20210.9052
 09-Jul-20210.7959
 02-Jul-20210.6171
 25-Jun-20210.7975
 18-Jun-20210.2998
 11-Jun-20210.7061

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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