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Mahindra Ultra Short Term Yojana - Direct 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 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 Month 3 Months 1 Years 3 Years 5 Years 10 Years
Fund -- 0.56 -- -- -- -- --
CCIL T Bill Liquidity Weight -- 0.30 -- -- -- -- --
Debt: Ultra Short Duration -- 0.51 -- -- -- -- --
Rank within category -- 6 -- -- -- -- --
Number of funds in category 23 27 26 23 17 17 0

As on 13-Dec-2019

Best & Worst Performance

Best (Period) Worst (Period)
Month -- ( - ) -- ( - )
Quarter -- ( - ) -- ( - )
Year -- ( - ) -- ( - )

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 4.11 0.25 -6.57 -10.84 -- --
Debt: Ultra Short Duration* 6.70 1.55 2.02 4.16 1.53 3.48
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-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 18 18 13 41
Modified Duration (yrs) 0.37 0.37 0.29 0.36
Average Maturity (yrs) 0.41 0.41 0.32 0.40
Yield to Maturity (%) 7.12 7.12 6.49 6.29

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 7.50% Power Finance Corp. 17/09/2020 Bonds AAA 7.97 - 8.02 8.02
equal 7.24% REC 21/10/2021 Debenture AAA 7.95 - 8.01 8.01
equal TVS Srichakra 59-D 13/12/2019 Commercial Paper A1+ 7.84 - 7.92 7.92
new Chambal Fertilisers & Chem. 50-D 27/12/2019 Commercial Paper A1+ 0.00 - 7.91 7.91
new Ujjivan Small Finance Bank 2020 Certificate of Deposit A1+ 0.00 - 7.85 7.85
new Gujarat Fluorochemicals 91-D 10/02/2020 Commercial Paper A1+ 0.00 - 7.84 7.84
new Tata Housing Devp. Co. 91-D 12/02/2020 Commercial Paper A1+ 0.00 - 7.84 7.84
new AU Small Finance Bank 2020 Certificate of Deposit A1+ 0.00 - 7.45 7.45
equal Hinduja Leyland Finance 60-D 10/12/2019 Commercial Paper A1+ 3.91 - 3.96 3.96
equal IIFL Wealth Finance 60-D 16/12/2019 Commercial Paper A1+ 3.91 - 3.96 3.96
equal JM Financial Properties & Holdings 91-D 23/12/2019 Commercial Paper A1+ 3.90 - 3.95 3.95
equal TVS Credit Services 80-D 23/12/2019 Commercial Paper A1+ 3.91 - 3.95 3.95
equal Muthoot Homefin (I) 62-D 23/12/2019 Commercial Paper A1+ 3.90 - 3.95 3.95
new Muthoot Homefin (I) 60-D 24/01/2020 Commercial Paper A1+ 0.00 - 3.92 3.92
equal Northern ARC Capital 171-D 16/03/2020 Commercial Paper A1+ 3.80 - 3.86 3.86
equal Tata Realty and Infrastructure 326-D 15/09/2020 Commercial Paper A1+ 3.67 - 3.73 3.73
new IIFL Wealth Finance 14-D 10/12/2019 Commercial Paper A1+ 0.00 - 3.17 3.17
new JM Financial Capital 31-D 02/12/2019 Commercial Paper A1+ 0.00 - 1.59 1.59

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 30-Nov-2019

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:


0.03%

Change from previous, NAV as on 13-Dec-2019

Growth: ₹ 1,010.7614

Dividend Weekly: ₹ 1,001.6729

Dividend Daily: ₹ 1,000.9598


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
Benchmark: CRISIL Ultra ST Debt
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 126 Cr (As on 30-Nov-2019)
Expense: 0.28% (As on 30-Nov-2019)
Risk Grade: --
Return Grade: --
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily13-Dec-20190.2208

 12-Dec-20190.1265
 11-Dec-20190.0980
 10-Dec-20190.1907
 09-Dec-20190.3428
 06-Dec-20190.0421
 04-Dec-20190.1863
 03-Dec-20190.1327
 02-Dec-20190.4187
 29-Nov-20190.1687
 28-Nov-20190.1337
 27-Nov-20190.1682
 26-Nov-20190.1282
 25-Nov-20190.3711
 22-Nov-20190.1330
 21-Nov-20190.1337
 20-Nov-20190.1451
 19-Nov-20190.1328
 18-Nov-20190.4005
 15-Nov-20190.2290
 14-Nov-20190.1440
 13-Nov-20190.3059
 11-Nov-20190.3941
 08-Nov-20190.0045
 07-Nov-20190.1516
Dividend Weekly06-Dec-20190.9289

 29-Nov-20190.9018
 22-Nov-20190.9320
 15-Nov-20190.9179
 08-Nov-20190.9056
 01-Nov-20190.9328
 25-Oct-20190.8205
 18-Oct-20190.1682

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

Upcoming Video

Investors' Hangout

Why you should ditch dividend plans

dateFriday, 20-Dec-2019
time12:30 PM - 01:00 PM