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)


One Pager September 30, 2024

• 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
Quality
  • Look to deploy dominant part of the portfolio in AAA rated assets
Duration
  • Target a portfolio duration of 3 - 6 months
Diversification
  • Aim to minimize concentration risk by controlling sector and group exposures
Liquidity
  • Hold sizeable part of the portfolio in short tenor securities and other liquid instruments
  • Laddered approach to liquidity
  • The Residual maturity of the portfolio is around 198.11 days

  • We will remain in this maturity segment as we move ahead through the next month

  • The Annualised Portfolio YTM of the portfolio is around 7.62%
Under normal circumstances the asset allocation pattern will be:
InstrumentsIndicative Allocation (%of net assets)
MinimumMaximum
Debt* & Money Market instruments0%100%
Units issued by REITs & InvITs0%10%

* Includes securitized debt up to 30% of the net assets of the Scheme and structured obligations (such as corporate / promoter guarantee, conditional and contingent liabilities, covenants, pledge and / or Non Disposal Undertaking of shares etc) upto 25% of the net assets of the Scheme.
Note: For detailed asset allocation pattern, please refer SID/KIM of the Scheme available on our website www.mahindramanulife.com or visit the nearest ISC.

Benchmark: CRISIL Ultra Short Duration Debt A-I Index
Entry Load: N.A.
Exit Load: Nil


FUND MANAGER : MR. RAHUL PAL
Total Experience : 22 years
Experience in managing this fund: 4 years and 11 months (Managing since October 17, 2019)

FUND MANAGER : MR. AMIT GARG
Total Experience : 19 years
Experience in managing this fund: 4 years and 4 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
September 30, 2024
AUM (Rs. In Crore) 235.61
Quarterly AAUM (Rs. In Crore) 247.22
Monthly AAUM (Rs. In Crore) 249.51
Annualised Portfolio YTM*1 7.62%
Macaulay Duration (days) 177.92
Modified Duration 0.46
Residual Maturity (days) 198.11

PREVIOUS MONTH
August 31, 2024
AUM (Rs. In Crore) 250.38
Quarterly AAUM (Rs. In Crore) -
Monthly AAUM (Rs. In Crore) 248.58
Annualised Portfolio YTM*1 7.60%
Macaulay Duration (days) 159.49
Modified Duration 0.41
Residual Maturity (days) 177.50
*In case of semi annual YTM, it will be annualised
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 8.47%
CB) 8.45%
Small Industries Dev Bank of 6.37%
India (ICRA AAA rated CB) 6.36%
PNB Housing Finance Limited 6.33%
(ICRA AA+ rated CB) 6.32%
Embassy Office Parks REIT 4.67%
(CRISIL AAA rated CB) 4.25%
Power Finance Corporation 4.25%
Limited (CRISIL AAA rated CB) 4.21%
Total 59.69%

PREVIOUS MONTH
August 31, 2024
Security % to N.A.
REC Limited (CRISIL AAA rated CB) 7.97%
Small Industries Dev Bank of India (ICRA AAA rated CB) 7.95%
Power Finance Corporation Limited (CRISIL AAA rated CB) 6.00%
PNB Housing Finance Limited CRISIL AA+ rated CB) 5.99%
Embassy Office Parks REIT CRISIL AAA rated CB) 5.98%
National Bank For Agriculture and Rural Development (CRISIL AAA / ICRA AAA rated CB) 5.93%
Axis Bank Limited (CRISIL A1+rated CD) 5.72%
Shriram Finance Limited (CRISIL AA+ / CARE AA+ rated CB) 4.00%
Export Import Bank of India(CRISIL AAA rated CB) 4.00%
Bharti Telecom Limited (CRISIL AA+ rated CB) 3.99%
Total 57.53%
CP - Commercial Paper, CD - Certificate of Deposit, CB - Corporate Bond, SOV- Sovereign
FRESH ADDITIONS COMPLETE EXITS
Security Security
HDFC Bank Limited (CB) Bajaj Finance Limited (CB)
Kotak Mahindra Bank Limited (CD) Birla Group Holdings Private Limited (CP)
Shriram Finance Limited (CP) HDFC Bank Limited (CD)
CP - Commercial Paper, CD - Certificate of Deposit, CB - Corporate Bond, SOV- Sovereign

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 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 Ultra Short Duration Fund

^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 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 this scheme since June 8, 2020.

^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 and Mr. Amit Garg manages 5 schemes of Mahindra Manulife Mutual Fund. The performance data for the schemes which have not completed one year has not been provided.

Pursuant to Clause 17.5 of the SEBI Master Circular SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/90 dated June 27, 2024 Potential Risk Class (‘PRC’) Matrix for debt schemes based on Interest Rate Risk and Credit Risk is as follows:
Scheme Name
Mahindra Manulife Ultra Short Duration Fund

This product is suitable for investors who are seeking*:
• Regular Income over short term.
• Investment in a portfolio of short term debt and money market instruments.

Scheme Riskometer

Scheme Benchmark
CRISIL Ultra Short Duration Debt A-I 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.

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

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
CNo.00591