MAHINDRA MANULIFE ULTRA SHORT DURATION FUND
(An open ended ultra-short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 to 6 months (please refer to page no. 18 of SID).
A relatively low 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 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. 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 | Investment in quality short duration instruments having relatively stable returns and lower volatility
Selection of securities based on Risk Guard Process^ – An in-house Research and Process Framework
Optimal risk management for providing better risk adjusted returns
^ Refer SID for details |
| Fund Manager and Experience | Fund Manager: Mr. Rahul Pal Total Experience: 22 years Experience in managing this fund: 4 years and 10 months (Managing since October 17, 2019) Fund Manager: Mr. Amit Garg Total Experience: 19 years Experience in managing this fund:: 4 years and 3 month (Managing since June 8, 2020) |
| Date of allotment | October 17, 2019 |
| Benchmark | CRISIL Ultra Short Duration Debt A-I Index |
| Available Plans for subscription by investors | Direct (Default) and Regular |
| Available Options under each plan | Growth (Default) and IDCW |
| Available Facilities under IDCW Option | Daily IDCW Reinvestment (Default), Weekly IDCW Reinvestment |
| Minimum Application Amount | Rs. 1,000/- and in multiples of Re.1/- thereafter. |
| Minimum Redemption/Switch-Out Amount | Rs. 1,000/- or 1 unit or account balance, whichever is lower |
| Minimum Switch-in Amount | Rs. 1,000/- and in multiples of Re. 0.01/- thereafter |
| 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.): | 248.58 |
| Monthly AUM as on August 31, 2024 (Rs. in Cr.): | 250.38 |
| Total Expense Ratio1 as on August 31, 2024: |
Regular Plan: 0.71% 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: | 7.60% |
| Macaulay Duration: | 159.49 days |
| Modified Duration: | 0.41 |
| Residual Maturity: | 177.50 days |
| 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.) |
| Daily IDCW |
1042.4788 |
1109.1481 |
| Weekly IDCW |
1002.0556 |
1001.9056 |
| Growth | 1295.9998 |
1322.8497 |
| 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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Issuer |
Rating |
% of Net Assets |
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|---|---|---|---|
| Certificate of Deposit | 13.48% |
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Axis Bank Limited | CRISIL A1+ |
5.72% |
| HDFC Bank Limited | CRISIL A1+ |
3.92% |
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| Indian Bank | CRISIL A1+ |
3.84% |
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| Commercial Paper | 3.95% |
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| Birla Group Holdings Private Limited | CRISIL A1+ |
1.99% |
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| 360 One Prime Limited | CRISIL A1+ |
1.96% |
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| Corporate Bond | 68.04% |
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REC Limited | CRISIL AAA |
7.97% |
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Small Industries Dev Bank of India | ICRA AAA |
7.95% |
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Power Finance Corporation Limited | CRISIL AAA |
6.00% |
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PNB Housing Finance Limited | CRISIL AA+ |
5.99% |
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Embassy Office Parks REIT | CRISIL AAA |
5.98% |
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National Bank For Agriculture and Rural Development | CRISIL AAA / ICRA AAA |
5.93% |
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Shriram Finance Limited | CRISIL AA+ / CARE AA+ |
4.00% |
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Export Import Bank of India | CRISIL AAA |
4.00% |
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Bharti Telecom Limited | CRISIL AA+ |
3.99% |
| Godrej Industries Limited | CRISIL AA |
3.96% |
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| LIC Housing Finance Limited | CRISIL AAA |
3.59% |
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| Reliance Industries Limited | CRISIL AAA |
2.01% |
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| Bajaj Finance Limited | CRISIL AAA |
2.00% |
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| Muthoot Finance Limited | CRISIL AA+ |
2.00% |
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| 360 One Prime Limited | CRISIL AA |
1.68% |
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| Bajaj Housing Finance Limited | CRISIL AAA |
1.00% |
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| Corporate Debt Market Development Fund | 0.24% |
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| Corporate Debt Market Development Fund Class A2 | 0.24% |
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| Government Bond | 1.00% |
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| 4.04% GOI FRB (MD 04/10/2028) | SOV |
1.00% |
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| Treasury Bill | 7.79% |
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| 182 Days Tbill (MD 27/02/2025) | SOV |
3.87% |
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| 182 Days Tbill (MD 11/10/2024) | SOV |
1.98% |
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| 182 Days Tbill (MD 06/02/2025) | SOV |
1.94% |
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| Cash & Other Receivables | 5.50% |
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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 Ultra 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 and Mr. Amit Garg |
1 Year |
3 Years |
Since Inception |
1 Year |
3 Years |
Since Inception |
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| Regular Plan - Growth Option | 7.11 |
5.71 |
5.46 |
10,711 |
11,812 |
12,960 |
1,295.9998 |
| Direct Plan - Growth Option | 7.57 |
6.15 |
5.91 |
10,757 |
11,961 |
13,228 |
1,322.8497 |
| CRISIL Ultra Short Duration Debt A-I Index^ | 7.57 |
6.24 |
5.82 |
10,757 |
11,991 |
13,178 |
7,618.11 |
| CRISIL 1 Year T-Bill Index^^ | 7.50 |
5.67 |
5.48 |
10,750 |
11,801 |
12,972 |
7,324.33 |
^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 17-Oct-19. 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 Amit Garg is managing the scheme since June 8, 2020. For performance details of other schemes managed by the Fund Manager(s), 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.
| Mahindra Manulife Ultra Short Duration Fund | Regular Plan |
Direct Plan |
CRISIL Ultra Short Duration Debt A-I 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 |
124,618 |
7.24 |
124,905 |
7.69 |
124,863 |
7.63 |
124,891 |
7.67 |
| 3 Years | 360,000 |
397,637 |
6.57 |
400,298 |
7.02 |
400,560 |
7.07 |
398,385 |
6.70 |
| 5 Years | NA |
NA |
NA |
NA |
NA |
NA |
NA |
NA |
NA |
| Since Inception | 580,000 |
668,109 |
5.80 |
675,319 |
6.24 |
675,747 |
6.27 |
669,023 |
5.85 |
^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 17-Oct-19.
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
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 Ultra Short Duration Debt A-I Index |
* 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 | |