Mahindra Manulife
Low Duration Fund
An open ended low duration debt scheme investing in instruments such
that the Macaulay duration of the Portfolio is between 6 months and 12 months
(please refer to page no. 34 of SID).
A relatively low interest rate risk and moderate credit risk.
| One Pager | September 30, 2024 |
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- Play accrual strategy
- Limited duration play with tactical position
- Invest in good quality debt and money market instruments
- The Residual maturity is around 435.82 days
- The Annualised Portfolio YTM of the portfolio has decreased to 7.78%
- With our view on Gsec possibly offering better opportunities than Bonds, we derive around 30% of our duration through Gsecs in this fund
| Instruments | Indicative Allocation (%of net assets) | Risk Profile | |
| Minimum | Maximum | Low/ Moderate/ High | |
| Money Market & Debt instruments* | 0% | 100% | Low to Moderate |
| Units issued by REITs & InvITs | 0% | 10% | Moderately High |
*Includes securitized debt up to 30% of the net assets of the Scheme For complete details on asset allocation for the scheme please refer SID available on www.mahindramanulife.com or visit the nearest Investor Service Centre
Benchmark: CRISIL Low Duration Debt A-I IndexEntry Load: N.A.
Exit Load: Nil
FUND MANAGER : MR. RAHUL PAL
Total Experience : 22 years
Experience in managing this fund: 7 years and 8 months (managing since February 15, 2017)
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 September 30, 2024 |
|
| AUM (Rs. In Crore) | 556.66 |
| Quarterly AAUM (Rs. In Crore) | 538.89 |
| Monthly AAUM (Rs. In Crore) | 561.76 |
| Annualised Portfolio YTM*1 | 7.78% |
| Macaulay Duration (days) | 329.28 |
| Modified Duration | 0.85 |
| Residual Maturity (days) | 435.82 |
| PREVIOUS MONTH August 31, 2024 |
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| AUM (Rs. In Crore) | 555.40 |
| Quarterly AAUM (Rs. In Crore) | - |
| Monthly AAUM (Rs. In Crore) | 539.63 |
| Annualised Portfolio YTM*1 | 7.78% |
| Macaulay Duration (days) | 320.65 |
| Modified Duration | 0.83 |
| Residual Maturity (days) | 451.96 |
1Yield to maturity should not be construed as minimum return offered by the Scheme
**Cash & Cash Equivalents includes Fixed Deposits, Cash & Current Assets and TREPS. Data as on September 30, 2024
**Cash & Cash Equivalents includes Fixed Deposits, Cash & Current Assets and TREPS.
Data as on September 30, 2024
| CURRENT MONTH September 30, 2024 | |
| Security | % to N.A. |
| REC Limited (CRISIL AAA rated CB) | 8.07% |
| National Bank For Agriculture and Rural Development (CRISIL AAA / ICRA AAA rated CB) | 8.02% |
| Small Industries Dev Bank of India (CRISIL AAA / ICRA AAA rated CB) | 6.27% |
| Axis Bank Limited (CRISIL A1+ rated CD) | 6.19% |
| Shriram Finance Limited (CRISIL AA+ rated CB) | 5.22% |
| Godrej Industries Limited (CRISIL AA rated CB) | 5.08% |
| Embassy Office Parks REIT (CRISIL AAA rated CB) | 4.94% |
| LIC Housing Finance Limited (CRISIL AAA rated CB) | 4.79% |
| Bharti Telecom Limited (CRISIL AA+ rated CB) | 4.50% |
| Export Import Bank of India (CRISIL AAA rated CB) | 4.43% |
| Total | 57.52% |
| PREVIOUS MONTH August 31, 2024 | |
| Security | % to N.A. |
| REC Limited (CRISIL AAA rated CB) | 8.08% |
| National Bank For Agriculture and Rural Development (CRISIL AAA / ICRA AAA rated CB) | 8.04% |
| Small Industries Dev Bank of India (CRISIL AAA rated CB) | 6.29% |
| Axis Bank Limited (CRISIL A1+ rated CD) | 6.16% |
| LIC Housing Finance Limited (CRISIL AAA rated CB) | 5.88% |
| Godrej Industries Limited (CRISIL AA rated CB) | 5.09% |
| Embassy Office Parks REIT (CRISIL AAA rated CB) | 4.94% |
| Bharti Telecom Limited (CRISIL AA+ rated CB) | 4.52% |
| Shriram Finance Limited (CRISIL AA+ rated CB) | 4.51% |
| Export Import Bank of India (CRISIL AAA rated CB) | 4.43% |
| Total | 57.94% |
| FRESH ADDITIONS | COMPLETE EXITS |
| Security | Security |
| Bajaj Housing Finance Limited (CB) | PNB Housing Finance Limited (CB) |
| Kotak Mahindra Bank Limited (CD) | |
| Punjab National Bank (CD) |
Note: The companies/stock(s) referred above are only for the purpose of disclosure of significant portfolio changes during the month and should not be construed as recommendation to buy/sell/ hold. The fund manager may or may not choose to hold these companies/stocks, from time to time. Investors are requested to consult their financial, tax and other advisors before taking any investment decision(s).
| SYSTEMATIC INVESTMENT PLAN |
| WITH THIS YOU CAN • Build corpus in the long term • Take advantage of rupee cost averaging • Experience the power of compounding even on small investments |
| CHOICE OF FREQUENCIES • Weekly • Monthly • Quarterly |
| CHOICE OF DATES Any date of your choice |
| MINIMUM AMOUNTS / INSTALMENTS • 6 instalments of ₹ 500 each under weekly frequency • 6 instalments of ₹ 500 each under monthly frequency • 4 instalments of ₹ 1500 each under quarterly frequency |
| 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 DATES Any date of your choice |
^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: 15-Feb-17.
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.
^Benchmark CAGR – Compounded Annual Growth Rate. ##Dedicated Fund Manager for Overseas Investments
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 11 schemes of Mahindra Manulife Mutual Fund. The performance data for the schemes which have not completed one year has not been provided.
Mahindra Manulife Low Duration Fund
This product is suitable for investors who are seeking*:
• Regular Income over short term.
• Investment in debt and money market instruments.
CRISIL Low Duration Debt A-I Index
Benchmark Riskometer
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Get in Touch: Unit No. 204, 2nd Floor, Amiti Building, Piramal Agastya Corporate Park, LBS Road, Kamani Junction, Kurla (W), Mumbai – 400 070.
Phone: +91-22-66327900, Fax: +91-22-66327932 Toll Free No.: 1800 419 6244
Website: www.mahindramanulife.com