Mahindra Manulife
Liquid Fund


(An open ended liquid scheme.
A relatively low interest rate risk and
moderate credit risk.)



One Pager December, 2022

1 Low volatility: Relatively safer during times of high market volatility as liquid funds usually invest in Commercial Papers, Certificate of Deposits, CBLO/ Repos and in short term debt instruments with maturity profile of not more than 91 days.
2 Easy liquidity: Investors can invest in liquid funds even for a day.
3 Cash Management Tool for treasuries of any size: Optimal utilization of idle cash for cash management purposes.

  • High quality instruments

  • Tactical allocation to mark to market

  • Focusing on liquidity of the portfolio

  • We continue to maintain a healthy mix of certificate of deposits and commercial papers

  • We will attempt to ensure adequate liquidity, safety and accrual

Under normal circumstances the asset allocation pattern will be:
Asset ClassProportion
Risk Profile
Low/Moderate/High
Money Market instruments (including cash, repo, CPs, CDs, Treasury Bills and Government securities) with maturity / residual maturity up to 91 days50-100%Low
Debt instruments (including floating rate debt instruments and securitized debt)* with maturity/ residual maturity up to 91 days0-50% Low to Moderate

*securitized debt cumulative allocation not to exceed 30% of the net assets of the Scheme For complete details on asset allocation please refer SID available on www.mahindramanulife.com or visit your nearest Investor Service Centre

Benchmark: CRISIL Liquid Fund BI Index
Entry Load: N.A.
Exit Load:
Investor Exit upon subscriptionExit Load as % of redemption proceed
Day 1 0.0070%
Day 2 0.0065%
Day 3 0.0060%
Day 4 0.0055%
Day 5 0.0050%
Day 6 0.0045%
Day 7 onwards 0.0000%
Redemption /Switch-Out of Units would be done on First in First out Basis (FIFO).
The above mentioned exit load shall not apply to the Unclaimed Plan offered under this scheme.

FUND MANAGER : MR. RAHUL PAL
Total Experience : 21 years
Experience in managing this fund: 6 years and 6 months (managing since July 4, 2016)

FUND MANAGER : MR. AMIT GARG
Total Experience : 17 years
Experience in managing this fund: 2 years and 7 months (Managing since June 8, 2020)


CURRENT MONTH
December 31, 2022
AUM (Rs. In Crore) 365.41
Monthly AAUM (Rs. In Crore) 490.37
Quarterly AAUM (Rs. In Crore) 504.14
Annualised Portfolio YTM* 6.78%
Macaulay Duration (days) 45.86
Modified Duration 0.12
Residual Maturity (days) 46.00

PREVIOUS MONTH
November 30, 2022
AUM (Rs. In Crore) 521.53
Monthly AAUM (Rs. In Crore) 508.43
Quarterly AAUM (Rs. In Crore) -
Avg. Maturity (Days) 37.12
Macaulay Duration (Days) 37.12
Modified Duration 0.10
YTM (%) 6.51%
*YTM : Yield to maturity should not be construed as minimum return offered by the Scheme

CURRENT MONTH
December 31, 2022
Security % to N.A.
8.54% Maharashtra SDL (MD 20/03/2023) (SOV) 13.50%
364 Days Tbill (MD 02/03/2023) (SOV) 10.64%
Axis Bank Limited (CRISIL A1+ rated CD) 6.70%
LIC Housing Finance Limited (CRISIL A1+ rated CP) 6.69%
TV18 Broadcast Limited (CARE A1+ rated CP) 6.69%
National Bank For Agriculture and Rural Development (CRISIL A1+ rated CP) 6.68%
Motilal Oswal Financial Services Limited (ICRA A1+ rated CP) 6.66%
IIFL Wealth Prime Limited (ICRA A1+ rated CP) 6.66%
Network18 Media & Investments Limited (ICRA A1+ rated CP) 6.65%
Housing Development Finance Corporation Limited (CRISIL A1+ rated CP) 6.65%
TOTAL 77.53%

PREVIOUS MONTH
November 30, 2022
Security % to N.A.
91 Days Tbill (MD 15/12/2022) (SOV) 9.16%
Axis Bank Limited (CRISIL A1+ rated CD) 9.13%
Canara Bank (CRISIL A1+ rated CD) 4.58%
Small Industries Dev Bank of India (CRISIL A1+ rated CP) 4.57%
Kotak Mahindra Bank Limited (CRISIL A1+ rated CD) 4.57%
Berger Paints (I) Limited (CRISIL A1+ rated CP) 4.57%
Export Import Bank of India (CRISIL A1+ rated CP) 4.56%
TV18 Broadcast Limited (CARE A1+ rated CP) 4.54%
National Bank For Agriculture and Rural Development (CRISIL A1+ rated CP) 4.54%
Bank of Baroda (FITCH A1+ rated CD) 4.53%
TOTAL 55.75%
CP - Commercial Paper, CD - Certificate of Deposit, CB - Corporate Bond, SOV- Sovereign

SYSTEMATIC TRANSFER PLAN
WITH THIS YOU CAN
• Take measured exposure into a new asset class
• Rebalance your portfolio
CHOICE OF FREQUENCIES
• Daily • Weekly • Monthly • Quarterly
CHOICE OF DATES
Any date^ of your choice
MINIMUM AMOUNTS / INSTALMENTS
• 6 instalments of ₹500 each under daily, weekly and monthly frequency
• 4 instalments of ₹1500 each under quarterly frequency

SYSTEMATIC WITHDRAWAL PLAN
WITH THIS YOU CAN
• Meet regular expenses
CHOICE OF FREQUENCIES
• Monthly • Quarterly
CHOICE OF DATES
Any date of your choice
MINIMUM AMOUNTS / INSTALMENTS
• 2 instalments of ₹ 500 each under monthly/ quarterly frequency

^STP can be registered for any date under the monthly and quarterly frequencies and for any business day under the weekly frequency.

Mahindra Manulife Liquid Fund

^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 04-Jul-16.
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 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.

^Benchmark 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. The performance details provided above are of Growth Option under Regular Plan Different Plans i.e Regular Plan and Direct Plan under the scheme has different expense structure. Mr. Rahul Pal manages 10 schemes of Mahindra Manulife Mutual Fund and Mr. Amit Garg is managing 4 schemes of Mahindra Manulife Mutual Fund. The performance data for the schemes which have not completed one year has not been provided.

Pursuant to SEBI circular no. SEBI/HO/IMD/IMD-II DOF3/P/CIR/2021/573 dated June 07, 2021 Potential Risk Class ('PRC')
Matrix for debt schemes based on Interest Rate Risk and Credit Risk is as follows:

Scheme Name
Mahindra Manulife Liquid Fund

This product is suitable for investors who are seeking*:
• Regular income over short term
• Investment in money market and debt instruments

Scheme Riskometer

Scheme Benchmark
CRISIL Liquid Fund BI Index

Benchmark Riskometer

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.


Readers of this material should rely on information / data arising out of their own investigations and advised to seek independent professional advice and arrive at an informed decision before making any investments. Neither Mahindra Manulife Investment Management Private Limited nor Mahindra Manulife Trustee Private Limited, its directors or associates shall be liable for any damages that may arise from the use of the information contained herein.

Reach us at: Sadhana House, 1st Floor, 570,
P.B. Marg, Worli, Mumbai - 400 018, India.
Phone: +91-22-66327900, Fax: +91-22-66327932
Website: www.mahindramanulife.com

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
CNo.00700