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Unrated

Mahindra Manulife Short Term Fund - Direct Plan


Debt: Short Duration

Suitability:

Short Duration debt funds invest mainly in bonds maturing in a period of one to three years. They are suitable for investment horizons of one to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.

The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit. There have been instances when short duration funds have incurred losses.

Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable 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 -- -0.02 -0.08 0.37 1.55 3.15 -- -- -- -- --
CCIL T Bill Liquidity Weight -- -0.01 0.01 0.14 0.58 1.01 -- -- -- -- --
Debt: Short Duration -- -0.02 0.18 0.61 1.76 3.27 -- -- -- -- --
Rank within category -- 17 17 13 13 10 -- -- -- -- --
Number of funds in category 26 28 28 28 27 27 26 25 23 23 0

As on 27-Sep-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Mahindra Manulife Short Term Fund - Direct Plan
Unrated
Feb-21 -- -- -- 0.30 208
ICICI Prudential Short Term Fund - Direct Plan  | Invest Now
5 star
Jan-13 6.68 9.48 8.37 0.37 20,850
HDFC Short Term Debt Fund - Direct Plan  | Invest Online
4 star
Jan-13 6.41 9.21 8.14 0.24 19,011
Kotak Bond - Short Term Fund - Direct Plan  | Invest Online
4 star
Jan-13 6.07 9.27 8.06 0.34 16,810
IDFC Bond Fund Short Term Plan - Direct Plan
4 star
Jan-13 5.09 8.89 7.77 0.29 12,907

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.35 17-Mar-2021 - 24-Mar-2021 -0.13 29-Jun-2021 - 06-Jul-2021
Month 0.90 06-Aug-2021 - 06-Sep-2021 -0.05 11-Jun-2021 - 12-Jul-2021
Quarter 2.18 12-Mar-2021 - 11-Jun-2021 1.17 06-Apr-2021 - 06-Jul-2021
Year -- - -- -

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.37 0.39 -1.71 -4.34 -- --
Debt: Short Duration* 6.94 3.41 1.61 2.72 0.81 3.44
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-Aug-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 19 20 4 63
Modified Duration (yrs) 2.18 2.18 0.66 1.79
Average Maturity (yrs) 1.88 2.21 0.88 2.28
Yield to Maturity (%) 4.92 5.11 3.58 4.88
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 5.22% GOI 15/06/2025 GOI Securities SOV 0.00 - 9.64 7.22
equal 5.63% GOI 2026 GOI Securities SOV 0.00 - 9.15 7.22
equal 8.65% Power Finance Corporation 28/12/2024 Bonds AAA 0.00 - 5.29 5.29
equal 8.21% Maharashtra State 2025 State Development Loan SOV 0.00 - 5.78 5.28
equal 8.20% Gujarat State 24/06/2025 State Development Loan SOV 0.00 - 5.26 5.26
equal 7.41% Cholamandalam Investment & Finance Company 2023 Debenture AA+ 0.00 - 4.95 4.95
equal 7.03% REC 2022 Non Convertible Debenture AAA 0.00 - 10.85 4.95
equal 9.75% Manappuram Finance 31/12/2021 Debenture AA 0.00 - 4.90 4.90
equal 5.53% National Bank Agr. Rur. Devp 22/02/2024 Non Convertible Debenture AAA 4.62 - 7.04 4.89
equal 5.30% HDFC 2023 Debenture AAA 0.00 - 7.05 4.88
equal 6.50% Tata Capital Housing Finance 15/06/2026 Debenture AAA 0.00 - 4.83 4.83
equal Tata Realty and Infrastructure 201-D 27/09/2021 Commercial Paper A1+ 0.00 - 6.85 4.81
equal AU Small Finance Bank 2022 Certificate of Deposit A1+ 0.00 - 6.69 4.70
equal Northern ARC Capital 62-D 22/09/2021 Commercial Paper A1+ 0.00 - 3.84 3.84
new 8.13% Maharashtra State 14/01/2025 State Development Loan SOV 0.00 - 2.61 2.61
equal 7.17% Power Finance Corporation 22/05/2025 Debenture AAA 0.00 - 3.38 2.53
equal 7.99% Tata Power Company 16/11/2022 Debenture AA 0.00 - 3.35 2.49
equal 5.15% GOI 2025 GOI Securities SOV 2.25 - 6.86 2.39
equal Reserve Bank of India 182-D 16/12/2021 Treasury Bills SOV 0.00 - 1.19 1.19

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-Aug-2021

Fund Manager

— Rahul Pal since 09-Feb-2021

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:


-0.02%

Change from previous, NAV as on 27-Sep-2021

Growth: ₹ 10.3706

IDCW: ₹ 10.3706


Investment Strategy

The scheme seeks to generate income and capital appreciation through an actively managed diversified portfolio of Debt & Money Market instruments such that the Macaulay duration of the portfolio is between 1 year to 3 years.

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: 23-Feb-2021
Return Since Launch: 3.71%
Benchmark: CRISIL Short-Term Bond Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 208 Cr (As on 31-Aug-2021)
Expense: 0.30% (As on 31-Aug-2021)
Risk Grade: --
Return Grade: --

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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