Mahindra Manulife
Liquid Fund
(An open ended liquid scheme.
A relatively low interest rate risk and
moderate credit risk.)
| One Pager | March 2023 |
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- 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
| Asset Class | Proportion | 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 days | 50-100% | Low |
| Debt instruments (including floating rate debt instruments and securitized debt)* with maturity/ residual maturity up to 91 days | 0-50% | 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 subscription | Exit 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% |
The above mentioned exit load shall not apply to the Unclaimed Plan offered under this scheme.
Note: #With effect from April 3, 2023 the benchmark of Mahindra Manulife Liquid Fund has been changed to CRISIL Liquid Debt B-I Index
FUND MANAGER : MR. RAHUL PAL
Total Experience : 21 years
Experience in managing this fund: 6 years and 9 months (managing since July 4, 2016)
FUND MANAGER : MR. AMIT GARG
Total Experience : 17 years
Experience in managing this fund: 2 years and 10 months (Managing since June 8, 2020)
Note: The data/statistics given above are to explain general market trends in the securities market, it should not be construed as any research report/research recommendation.
| CURRENT MONTH March 31, 2023 |
|
| AUM (Rs. In Crore) | 364.89 |
| Monthly AAUM (Rs. In Crore) | 472.25 |
| Quarterly AAUM (Rs. In Crore) | 528.41 |
| Annualised Portfolio YTM* | 7.36% |
| Macaulay Duration (days) | 46.06 |
| Modified Duration | 0.13 |
| Residual Maturity (days) | 46.20 |
| PREVIOUS MONTH February 28, 2023 |
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| AUM (Rs. In Crore) | 493.25 |
| Monthly AAUM (Rs. In Crore) | 555.40 |
| Quarterly AAUM (Rs. In Crore) | 555.40 |
| Annualised Portfolio YTM* | 7.35% |
| Macaulay Duration (days) | 42.98 |
| Modified Duration | 0.12 |
| Residual Maturity (days) | 43.23 |
*Cash & Cash Equivalents includes Fixed Deposits, Cash & Current Assets and TREPS.
Data as on 31 Mar 2023
*Cash & Cash Equivalents includes Fixed Deposits, Cash & Current Assets and TREPS.
Data as on 31 Mar 2023
| CURRENT MONTH March 31, 2023 | |
| Security | % to N.A. |
| LIC Housing Finance Limited (CRISIL AAA rated CB) | 6.77% |
| Power Finance Corporation Limited (CRISIL AAA rated CB) | 6.74% |
| Canara Bank (CRISIL A1+ rated CD) | 6.69% |
| 360 One WAM Limited (ICRA A1+ rated CP) | 6.69% |
| Motilal Oswal Financial Services Limited (ICRA A1+ rated CP) | 6.68% |
| Small Industries Dev Bank of India (CARE A1+ rated CP) | 6.68% |
| Godrej Properties Limited (ICRA A1+ rated CP) | 6.67% |
| Axis Bank Limited (CRISIL A1+ rated CD) | 6.66% |
| National Bank For Agriculture and Rural Development (ICRA A1+ rated CP) | 6.65% |
| Network18 Media & Investments Limited (CARE A1+ rated CP) | 6.64% |
| TOTAL | 66.88% |
| PREVIOUS MONTH February 28, 2023 | |
| Security | % to N.A. |
| 8.54% Maharashtra SDL (MD 20/03/2023) (SOV) | 9.73% |
| Small Industries Dev Bank of India (CARE A1+ rated CP) | 9.63% |
| REC Limited (CRISIL AAA rated CB) | 4.86% |
| Power Finance Corporation Limited (CRISIL AAA rated CB) | 4.85% |
| National Bank For Agriculture and Rural Development (ICRA AAA rated CB) | 4.85% |
| Shree Cement Limited (CRISIL A1+ rated CP) | 4.84% |
| Export Import Bank of India (CRISIL A1+ rated CD) | 4.84% |
| Reliance Jio Infocomm Limited (CRISIL A1+ rated CP) | 4.84% |
| Kotak Mahindra Prime Limited (CRISIL A1+ rated CP) | 4.84% |
| Kotak Mahindra Bank Limited (CRISIL A1+ rated CD) | 4.83% |
| TOTAL | 58.10% |
| 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.
^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.
Note: #With effect from April 3, 2023 the benchmark of Mahindra Manulife Liquid Fund has been changed to CRISIL Liquid Debt B-I Index
^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.
Note: #With effect from April 3, 2023 the benchmark of Mahindra Manulife Low Duration Fund has been changed to CRISIL Low Duration Debt B-I. #With effect from April 3, 2023 the benchmark of
Mahindra Manulife Overnight Fund has been changed to CRISIL Liquid Overnight Index. #With effect from April 3, 2023 the benchmark of Mahindra Manulife Dynamic Bond Fund has been changed
to CRISIL Dynamic Bond B-III Index. #With effect from April 3, 2023 the benchmark of Mahindra Manulife Ultra Short Duration Fund has been changed to CRISIL Ultra Short Duration Debt B-I Index. #With effect from April 3, 2023 the benchmark of Mahindra Manulife Short Duration Fund has been changed to CRISIL Short Duration Debt B-II Index.
Matrix for debt schemes based on Interest Rate Risk and Credit Risk is as follows:
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
CRISIL Liquid Fund BI Index#
Benchmark Riskometer
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Note: #With effect from April 3, 2023 the benchmark of Mahindra Manulife Liquid Fund has been changed to CRISIL Liquid Debt B-I Index
Get in Touch: 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