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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 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 0.32 0.02 0.10 0.55 -- -- -- -- -- -- --
Debt: Ultra Short Duration 0.14 0.02 -0.06 0.35 -- -- -- -- -- -- --
Rank within category 5 13 4 5 -- -- -- -- -- -- --
Number of funds in category 28 28 28 28 26 26 23 17 17 15 0

As on 17-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week -- ( - ) -- ( - )
Month 0.63 (25-Oct-2019 - 26-Nov-2019) 0.50 (02-Dec-2019 - 01-Jan-2020)
Quarter 1.67 (18-Oct-2019 - 17-Jan-2020) 1.67 (18-Oct-2019 - 17-Jan-2020)
Year -- ( - ) -- ( - )

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
Debt: Ultra Short Duration* 6.73 1.54 2.18 4.45 1.44 3.37
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-Dec-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 17 18 13 40
Modified Duration (yrs) 0.04 0.37 0.04 0.37
Average Maturity (yrs) 0.48 0.48 0.32 0.45
Yield to Maturity (%) 6.85 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
equal 7.50% Power Finance Corp. 17/09/2020 Bonds AAA 7.97 - 8.24 8.24
equal 7.24% REC 21/10/2021 Debenture AAA 7.95 - 8.21 8.21
equal Ujjivan Small Finance Bank 2020 Certificate of Deposit A1+ 0.00 - 8.12 8.12
equal Gujarat Fluorochemicals 91-D 10/02/2020 Commercial Paper A1+ 0.00 - 8.11 8.11
equal Tata Housing Devp. Co. 91-D 12/02/2020 Commercial Paper A1+ 0.00 - 8.11 8.11
new Chambal Fertilisers & Chem. 88-D 24/03/2020 Commercial Paper A1+ 0.00 - 8.07 8.07
equal AU Small Finance Bank 2020 Certificate of Deposit A1+ 0.00 - 7.71 7.71
new 7.12% The Ramco Cements 18/06/2021 Debenture AA+ 0.00 - 4.08 4.08
equal Muthoot Homefin (I) 60-D 24/01/2020 Commercial Paper A1+ 0.00 - 4.06 4.06
new Tata Power Renewable Energy 84-D 11/03/2020 Commercial Paper A1+ 0.00 - 4.04 4.04
new Godrej Properties 91-D 09/03/2020 Commercial Paper A1+ 0.00 - 4.04 4.04
new Muthoot Finance 91-D 19/03/2020 Commercial Paper A1+ 0.00 - 4.04 4.04
new Manappuram Finance 91-D 23/03/2020 Commercial Paper A1+ 0.00 - 4.03 4.03
new JM Financial Properties & Holdings 91-D 23/03/2020 Commercial Paper A1+ 0.00 - 4.01 4.01
new JM Financial Services 91-D 16/03/2020 Commercial Paper A1+ 0.00 - 4.01 4.01
equal Northern ARC Capital 171-D 16/03/2020 Commercial Paper A1+ 3.80 - 4.00 4.00
equal Tata Realty and Infrastructure 326-D 15/09/2020 Commercial Paper A1+ 3.67 - 3.86 3.86

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-Dec-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:


0.02%

Change from previous, NAV as on 17-Jan-2020

Growth: ₹ 1,017.1174

Dividend Weekly: ₹ 1,001.6125

Dividend Daily: ₹ 1,000.8910


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: 1.71%
Benchmark: CRISIL Ultra ST Debt
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 122 Cr (As on 31-Dec-2019)
Expense: 0.27% (As on 31-Dec-2019)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily17-Jan-20200.1315

 16-Jan-20200.1422
 15-Jan-20200.1560
 13-Jan-20200.3634
 10-Jan-20200.0665
 09-Jan-20200.1852
 08-Jan-20200.1353
 07-Jan-20200.1772
 06-Jan-20200.3758
 03-Jan-20200.2291
 02-Jan-20200.2198
 01-Jan-20200.2048
 31-Dec-20190.1209
 30-Dec-20190.3068
 27-Dec-20190.1767
 26-Dec-20190.1935
 24-Dec-20190.0640
 23-Dec-20190.3302
 20-Dec-20190.1909
 19-Dec-20190.1161
 18-Dec-20190.1314
 17-Dec-20190.1908
 16-Dec-20190.3621
 13-Dec-20190.2208
 12-Dec-20190.1265
Dividend Weekly10-Jan-20200.9541

 03-Jan-20200.9036
 27-Dec-20190.8990
 20-Dec-20190.8945
 13-Dec-20190.9111
 06-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

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