MAHINDRA MANULIFE SHORT DURATION FUND
(An open ended short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 year and 3 years (please refer to page no. 19 of SID). A moderate interest rate risk and moderate credit risk.
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| Data as on 31st, August 2024 | ||||
| Investment Objective | The investment objective of the Scheme is 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. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns. |
| Fund Features | Aims to invest in quality instruments of predominantly high safety investment grade. Selection of securities based on Risk Guard Process – An in-house Research and Process Framework^. ^ Refer SID for details |
| Fund Manager and Experience | Fund Manager: Mr. Rahul Pal Total Experience: 22 years Experience in managing this fund: 3 years and 6 months (Managing since February 23, 2021) Fund Manager: Mr. Pranav Patel^ ^ (Dedicated Fund Manager for overseas Investment) Total Experience: 9 years Experience in managing this fund: 8 months (Managing since January 05, 2024) |
| Date of allotment | February 23, 2021 |
| Benchmark | CRISIL Short Duration Debt A-II Index |
| Minimum Application / Additional Purchase Amount | Rs. 1,000 and in multiples of Re. 1/- thereafter. |
| Minimum Amount for Switch in | Rs. 1,000/- and in multiples of Re. 0.01/- thereafter. |
| Minimum Amount for Redemption / Switch-outs | Rs. 1,000/- or 100 units or account balance, whichever is lower in respect of each Option. |
| Available Plans | Direct (D) , Regular |
| Option | IDCW (IDCW Option will have IDCW Reinvestment (D) & IDCW Payout facility) and Growth (D) D-Default |
| SIP | Minimum Weekly & Monthly SIP Amount: Rs 500 and in multiples of Re 1 thereafter Minimum Weekly & Monthly SIP Installments: 6 Minimum Quarterly SIP Amount: Rs 1,500 and in multiples of Re 1 thereafter Minimum Quarterly SIP installments: 4 |
| Monthly AAUM as on August 31, 2024 (Rs.in Cr.): | 60.77 |
| Monthly AUM as on August 31, 2024 (Rs. in Cr.): | 63.68 |
| Total Expense Ratio1 as on August 31, 2024: | Regular Plan: 1.26% Direct Plan : 0.29% 1Includes additional expenses charged in terms of Regulation 52(6A)(b)of SEBI (Mutual Funds) Regulations, 1996 and Goods and Services Tax. |
| Load Structure: | Entry Load: N.A. Exit Load: NIL |
| Annualised Portfolio YTM*2 | 7.61% |
| Macaulay Duration: | 2.82 years |
| Modified Duration: | 2.69 |
| Residual Maturity: | 3.77 years |
| As on (Date) | August 31, 2024 |
| *In case of semi annual YTM, it will be annualised 2Yield to maturity should not be construed as minimum return offered by the Scheme. |
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| NAV/Unit | Regular Plan (In Rs.) |
Direct Plan (In Rs.) |
| IDCW |
11.0826 |
11.4869 |
| Growth | 11.9423 |
12.3542 |
| IDCW: Income Distribution cum Capital Withdrawal Note: As August 31, 2024 was a non business days, the NAV disclosed above is as on August 30, 2024. |
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Company / Issuer |
Rating |
% of Net Assets |
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|---|---|---|---|
| Corporate Bond | 51.66% |
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Mindspace Business Parks REIT | CRISIL AAA |
4.72% |
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Cholamandalam Investment and Finance Company Ltd | ICRA AA+ |
4.72% |
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Godrej Industries Limited | CRISIL AA |
4.70% |
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Power Finance Corporation Limited | CRISIL AAA |
4.67% |
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LIC Housing Finance Limited | CRISIL AAA |
4.57% |
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Shriram Finance Limited | CRISIL AA+ |
3.93% |
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Bajaj Housing Finance Limited | CRISIL AAA |
3.92% |
| Small Industries Dev Bank of India | CRISIL AAA |
3.92% |
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| National Bank For Agriculture and Rural Development | CRISIL AAA |
3.91% |
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| Bharti Telecom Limited | CRISIL AA+ |
3.17% |
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| Muthoot Finance Limited | CRISIL AA+ |
3.15% |
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| Embassy Office Parks REIT | CRISIL AAA |
2.35% |
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| 360 One Prime Limited | CRISIL AA |
2.35% |
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| Godrej Properties Limited | ICRA AA+ |
1.56% |
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| Corporate Debt Market Development Fund | 0.20% |
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| Corporate Debt Market Development Fund Class A2 | 0.20% |
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| Government Bond | 39.41% |
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7.32% GOI (MD 13/11/2030) | SOV |
31.38% |
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4.7% GOI FRB (MD 22/09/2033) | SOV |
4.04% |
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7.1% GOI (MD 08/04/2034) | SOV |
3.99% |
| Cash & Other Receivables | 8.74% |
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| Grand Total | 100.00% |
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| ( Top Ten Holdings - Issuer wise) as on August 31, 2024) |
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| Mahindra Manulife Short Duration Fund | CAGR Returns (%) |
Value of Investment of Rs. 10,000* |
NAV / Index Value (as on August 30, 2024) |
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| Managed by Mr. Rahul Pal & Mr. Pranav Patel$ | 1 Year |
3 Years |
5 Years |
Since Inception |
1 Year |
3 Years |
5 Years |
Since Inception |
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| Regular Plan - Growth Option | 7.35 |
5.07 |
- |
5.18 |
10,735 |
11,600 |
- |
11,942 |
11.9423 |
| Direct Plan - Growth Option | 8.40 |
6.09 |
- |
6.19 |
10,840 |
11,942 |
- |
12,354 |
12.3542 |
| CRISIL Short Duration Debt A-II Index^ | 7.65 |
5.63 |
- |
5.80 |
10,765 |
11,786 |
- |
12,195 |
4,683.28 |
| CRISIL 1 Year T-Bill Index^^ | 7.50 |
5.67 |
- |
5.46 |
10,750 |
11,801 |
- |
12,055 |
7,324.33 |
^Benchmark ^^Additional Benchmark. Inception/Allotment date: 23-Feb-21. CAGR – Compounded Annual Growth Rate. Past performance may or may not be sustained in future and should not be used as a basis of comparison with other investments. Since inception returns of the scheme is calculated on face value of Rs.
1,000 invested at inception. The performance details provided above are of Growth Option under Regular and Direct Plan. Different Plans i.e Regular Plan and Direct Plan under the scheme has different expense structure. *Based on standard investment of Rs. 10,000 made at the beginning of the
relevant period. Mr. Pranav Patel is managing the scheme since anuary 05, 2024. For performance details of other schemes managed by the Fund Manager(s), please click here | Best Viewed in Landscape mode
$Dedicated Fund Manager for Overseas Investments.
Note: As August 31, 2024 was a non - business day, the schemes returns disclosed are as on August 30,2024, except for Mahindra Manulife Liquid Fund and Mahindra Manulife Overnight Fund which is as of August 31, 2024.
| Mahindra Manulife Short Duration Fund | Regular Plan |
Direct Plan |
CRISIL Short Duration Debt A-II Index^ |
Crisil 1 Yr T-Bill Index^^ |
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| SIP Investment Period | Total Amount Invested (  ) |
Market Value ( ) |
CAGR Returns (%) |
Market Value ( ) |
CAGR Returns (%) |
Market Value ( ) |
CAGR Returns (%) |
Market Value ( ) |
CAGR Returns (%) |
| 1 Year | 120,000 |
125,057 |
7.93 |
125,721 |
8.99 |
125,142 |
8.07 |
124,891 |
7.67 |
| 3 Years | 360,000 |
396,291 |
6.35 |
402,399 |
7.37 |
399,154 |
6.83 |
398,385 |
6.70 |
| 5 Years | NA |
NA |
NA |
NA |
NA |
NA |
NA |
NA |
NA |
| Since Inception | 420,000 |
467,038 |
6.01 |
475,432 |
7.04 |
470,948 |
6.49 |
470,042 |
6.38 |
^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 23-Feb-21.
Past performance may or may not be sustained in future and should not be used as a basis of comparison with other investments. Returns greater than 1 year period are compounded annualized. For SIP returns, monthly investment of equal amounts invested on the 1st business
day of every month has been considered. CAGR Returns (%) are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return). For SIP Performance please click here | Best Viewed in Landscape mode
Note:As August 31, 2024 was a non - business day, the schemes returns disclosed are as on August 30,2024, except for Mahindra Manulife Liquid Fund and Mahindra Manulife Overnight Fund which is as of August 31, 2024.
**Cash & Cash Equivalents includes Fixed Deposits, Cash & Current Assets and TREPS
**Cash & Cash Equivalents includes Fixed Deposits, Cash & Current Assets and TREPS
Record Date |
Plan(s) / Option(s) |
IDCW |
Face Value |
Cum-IDCW NAV |
(Rs. per unit) |
(Rs. per unit) |
(Rs. per unit) |
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27-Feb-23 |
Regular IDCW |
0.40 |
10 |
10.7307 |
27-Feb-23 |
Direct IDCW |
0.40 |
10 |
10.9385 |
14-Mar-24 |
Regular IDCW |
0.40 |
10 |
11.0834 |
14-Mar-24 |
Direct IDCW |
0.40 |
10 |
11.4214 |
Pursuant to payment of IDCW, the NAV of the IDCW Option(s) of the Scheme/Plan(s) falls to the extent of payout and statutory levy, if any. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. For complete list of IDCWs, visit www.mahindramanulife.com.
Product Suitability |
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| This Product is Suitable for investors who are seeking* | |
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Scheme Riskometers |
Benchmark Riskometers |
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 Scheme Benchmark: CRISIL Short Duration Debt A-II Index
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* Investors should consult their financial advisers if in doubt about whether the product is suitable for them. |
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| Refere to the PRCM disclosure click here | |