MAHINDRA MANULIFE LIQUID FUND
(An open ended liquid scheme. A relatively low interest rate risk and moderate credit risk.)
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| Data as on 30th September 2026 |
Product Suitability: 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 Riskometer*
As per AMFI Tier I Benchmark i.e. CRISIL Liquid Debt A-I Index
*Investors should consult their financial advisors if in doubt about whether the product is suitable for them.
Fund Details| Date of Inception / Allotment | : July 4, 2016 |
| Benchmark Name | : CRISIL Liquid Debt A-I Index |
| NAV as on September 30, 2026: |
| NAV/Unit | Regular Plan (In Rs.) | Direct Plan (In Rs.) |
| Daily IDCW | 1001.6922 | 1303.2448 |
| Weekly IDCW | 1010.3997 | 1003.9908 |
| Growth | 1833.7664 | 1855.9610 |
IDCW History : Click Here
AUM as on September 30, 2026:
| Monthly AUM | : Rs 1,041.44 crores |
| Monthly AAUM | : Rs 1,502.75 crores |
| Quarterly AAUM | : Rs 1391.53 crores |
Fund Manager Details|
Name of Fund Manager: Mr. Rahul Pal | |
| Total Experience | : 24 years |
| Managing Since | : 04-Jul-16 |
| Mr.Amit Garg | |
| Total Experience | : 21 years |
| Managing Since | : 08-Jun-20 |
Minimum Investment
Minimum Application Amount:
Rs. 1,000/- and in
multiples of Re. 1/- thereafter
Minimum Additional Purchase Amount:
Rs. 1,000/-
and in multiples of Re. 1/- thereafter
Minimum Repurchase / Redemption Amount:
Rs. 1,000/- or 1 unit or account balance,
whichever is lower
Load Structure
Exit Load:
| - Investor Exit upon subscription Day | 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% |
Expense Ratio
Base Expense Ratio1
as on September 30, 2026:
Regular Plan : 0.22%
Direct Plan : 0.13%
1Base Expense Ratio excludes Brokerage Fees, Transaction Cost and other applicable statutory levies. For details of the Total Expense Ratio (TER), please refer the TER disclosure available on the website by visiting the link - https://www.mahindramanulife.com/downloads#mandatory-disclosures
| Compounded Annualised Returns | Scheme Returns % (Regular) | Scheme Returns % (Direct) | Benchmark Returns % |
| Returns for the last 1 year | 6.40 | 6.51 | 6.21 |
| Returns for the last 3 years | 6.85 | 6.96 | 6.76 |
| Returns for the last 5 years | 6.30 | 6.42 | 6.29 |
| Returns since Inception | 6.10 | 6.22 | 6.03 |
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 and Direct Plan. Different Plans i.e Regular Plan and Direct Plan under the scheme has different expense structure. Mr. Amit Garg is managing the scheme since June 8, 2020.
Company / Issuer |
Net Assets |
|
|---|---|---|
1. | Government of India | 17.31% |
2. | Union Bank of India | 9.55% |
3. | HDFC Bank Limited | 9.52% |
4. | Small Industries Dev Bank of India | 7.17% |
5. | TATA Realty & Infrastructure Limited | 7.16% |
6. | JM Financial Services Limited | 7.15% |
7. | Indian Bank | 7.12% |
8. | REC Limited | 4.78% |
9. | Bharat Petroleum Corporation Limited | 4.77% |
10. | Tata Housing Development Company Limited | 4.75% |
| Portfolio Turnover Ratio (Annualized) | |
| a) Equity Turnover (%) | 3.08 |
| b) Gross Exposure Turnover (%) | 3.08 |
| Average Maturity (days) | 52.83 |
| Macaulay Duration (days) | 52.80 |
| Macaulay Duration (days) | 49.26 |
| Annualized Portfolio Yield | 6.57% |
| Yield to Maturity (%) | 6.57% |
 | Risks associated with investments in Fixed Income Securities |
| | Risks associated with investments in Securitized Debt |
| | Risks associated with investments in Derivatives |
| | Risk factors with respect to imperfect hedging |
| | Risk factors associated with repo transactions in Corporate Debt Securities |
| | Risks associated with ‘Right to limit redemptions’ |
| | Risks Factors associated with transaction in Units through stock exchange(s) |
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for Detailed Investment in Securities |
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for Allocation of Net Asset by Sectors |
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for Allocation of Net Asset by Asset Class |
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for Allocation of Net Asset by Credit Rating |
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for Allocation of Net Assets by Region / Country |
Major Changes w.r.t previous month -
| Name of securities added/Increased | Name of securities deleted/reduced | Total Weightage in %age |
| Treasury Bill (182D) | 9.52 | |
| Indian Bank | 7.12 | |
| NTPC Ltd. (91D) | -5.37 | |
| Union Bank of India CD (MD 06/11/2026) | 4.77 | |
| Canara Bank | 4.75 | |
| HDFC Bank Limited CD (MD 21/12/2026) | 4.73 | |
| HDFC Bank Ltd. | -4.65 | |
| Ceat Ltd. (82D) | 4.03 | |
| Export Import Bank Of India (91D) | -3.58 | |
| Small Industries Development Bank Of India (91D) | -3.58 |
| Change in | Previous Month | Current Month |
| Direct | 0.13% | 0.13% |
| Regular | 0.22% | 0.22% |
1Base Expense Ratio excludes Brokerage Fees, Transaction Cost and other applicable statutory levies. For details of the Total Expense Ratio (TER), please refer the TER disclosure available on the website by visiting the link - https://www.mahindramanulife.com/downloads#mandatory-disclosures
| Change in | Previous Month | Current Month |
| Scheme | NA | NA |
| Benchmark | NA | NA |
| Name of Security | Rating Previous Month | Rating Current Month |
| NA | NA | NA |
| Quantitative Measures /Risk Measures | Brief description/ Inference of the Quantitative measure | |
| 1 | Standard Deviation | Standard deviation is a statistical tool that measures the deviation or dispersion of the data from the mean or average. When seen in mutual funds, it tells you how much the return from your mutual fund portfolio is straying from the expected return, based on the fund’s historical performance. |
| 2 | Beta | Beta is a measure of an investment’s volatility in comparison to the market. Beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 implies that the security’s price will be more volatile than the market. |
| 3 | Sharpe Ratio | The Sharpe Ratio, is measure of risk-adjusted returns. It is calculated using standard deviation and excess return to determine reward per unit of risk. |
| 4 | Information Ratio | Measures the consistency of excess returns generated over the benchmark relative to tracking error. A higher ratio indicates better risk-adjusted benchmark outperformance. |
| 5 | Portfolio Turnover Ratio | Measures the extent of purchase and sale of securities in the portfolio during a specified period. A higher portfolio turnover ratio indicates more frequent trading and portfolio rebalancing. |
| Important Weblinks | ||
| 1 | Video Explainer | Link for a video providing simplified explanation of the Fund Factsheet along with explanation to various terminologies used. |
| 2 | Calculation/Methodology | Click here for various mathematical parameters and their respective calculation methodology/formulae. |
| 3 | Detailed Risk Factors | Click here for various risk factors associated with the Scheme. |
| 4 | Scheme Information Document (SID) |
Click here
/ Scan QR code for SID on the website
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| 5 | Investor Services | https://www.mahindramanulife.com/contact-us |
| 6 | Grievance submission and redressal | https://www.mahindramanulife.com/contact-us |
Additional Disclosure
Past Performance is not an indicator or guarantee of future results