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. 33 of SID). A relatively low interest rate risk and moderate credit risk.)
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| Data as on 28th, February 2023 | ||||
| Investment Objective | The investment objective of the Scheme is to provide reasonable returns, commensurate with a low to moderate level of risk and high degree of liquidity, through a portfolio constituted of money market and debt instruments. However, there is no assurance that the investment objective of the Scheme will be realized and the Scheme does not assure or guarantee any returns. |
| Fund Features | Positioned between liquid funds and short-term funds with respect to the risk-return matrix. Potentially better returns than that of liquid funds through strategic shifts in the maturity profile. Lower volatility through relatively lower duration than short term funds. Higher flexibility in asset allocation vis-à-vis liquid funds.. |
| Fund Manager and Experience | Fund Manager: Mr. Rahul Pal Total Experience: 21 years Experience in managing this fund: 6 years and 1 month (managing since February 15, 2017) |
| Date of allotment | February 15, 2017 |
| Benchmark | CRISIL Low Duration Fund BI Index |
| Available Plans for subscription by investors | Direct (Default) and Regular |
| Available Options under each plan | Growth (Default) and IDCW |
| Available Facilities under IDCW Option | IDCW Reinvestment (Daily (Default), Weekly, Monthly), IDCW Payout (Monthly) |
| Application Amount | Rs. 1,000/- and in multiples of Re. 1/- thereafter |
| Additional Purchase Amount | Rs. 1,000/- and in multiples of Re. 1/- thereafter |
| Redemption / Switch-outs Amount: | Rs.1,000/- or 1 unit or account balance, whichever is lower |
| SIP | Minimum Weekly & Monthly SIP Amount: Rs 500 and in
multiples of Re 1 thereafter Minimum Weekly & Monthly SIP Installments: 6 Minimum Quarterly SIP Amount: Rs 1,500 and in multiples of Re 1 thereafter Minimum Quarterly SIP installments: 4 |
| Monthly AAUM as on February 28, 2023 (Rs. in Cr.): | 378.76 |
| Monthly AUM as on February 28, 2023 (Rs. in Cr.): | 395.19 |
| Total Expense Ratio2 as on February 28, 2023: | Regular Plan: 1.17% Direct Plan: 0.37% 2Includes additional expenses charged in terms of Regulation 52(6A)(b) of SEBI (Mutual Funds) Regulations, 1996 and Goods and Service Tax. |
| Load Structure: | Entry Load: N.A. Exit Load: Nil |
| Annualised Portfolio YTM*1: | 7.81% |
| Macaulay Duration: | 242.17 days |
| Modified Duration1: | 0.64 |
| Residual Maturity: | 255.87 days |
| As on (Date) | Feb 28, 2023 |
| *In case of semi annual YTM, it will be annualised 1Yield to maturity should not be construed as minimum return offered by the Scheme. |
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| NAV/Unit | Regular Plan (In Rs.) |
Direct Plan (In Rs.) |
| Daily IDCW |
1000.0000 |
1061.0410 |
| Monthly IDCW |
1113.3702 |
1132.8876 |
| Weekly IDCW | 1052.7104 |
1030.3847 |
| Growth | 1389.4999 |
1463.4401 |
| IDCW: Income Distribution cum Capital Withdrawal | ||
Issuer |
Rating |
% of Net Assets |
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|---|---|---|---|
| Certificate of Deposit | 28.89% |
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Small Industries Dev Bank of India | CARE A1+ |
6.19% |
|
Axis Bank Limited | CRISIL A1+ |
5.90% |
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ICICI Bank Limited | ICRA A1+ |
4.76% |
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HDFC Bank Limited | CARE A1+ |
3.66% |
| Punjab National Bank | ICRA A1+ |
3.64% |
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| IDFC First Bank Limited | CRISIL A1+ |
3.54% |
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| Bank of Baroda | FITCH A1+ |
1.20% |
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| Commercial Paper | 19.94% |
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Piramal Enterprises Limited | CRISIL A1+ |
5.02% |
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L&T Metro Rail (Hyderabad) Limited | CRISIL A1+ |
5.01% |
| Motilal Oswal Financial Services Limited | FITCH A1+ |
2.52% |
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| Godrej Properties Limited | ICRA A1+ |
2.48% |
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| Kotak Mahindra Investments Limited | CRISIL A1+ |
2.47% |
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| JM Financial Services Limited | ICRA A1+ |
1.26% |
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| Piramal Capital & Housing Finance Limited | CARE A1+ |
1.18% |
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| Corporate Bond | 36.17% |
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TATA Realty & Infrastructure Limited | ICRA AA+ |
5.01% |
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Indian Oil Corporation Limited | CRISIL AAA |
4.95% |
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Housing & Urban Development Corporation Limited | ICRA AAA |
3.76% |
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Aditya Birla Fashion and Retail Limited | CRISIL AA |
3.68% |
| National Bank For Agriculture and Rural Development | CRISIL AAA |
2.52% |
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| Sundaram Home Finance Limited | CRISIL AAA |
2.52% |
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| Godrej Properties Limited | ICRA AA+ |
2.51% |
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| Housing Development Finance Corporation Limited | CRISIL AAA |
2.50% |
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| Cholamandalam Investment and Finance Company Ltd | ICRA AA+ |
2.49% |
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| Bajaj Housing Finance Limited | CRISIL AAA |
2.45% |
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| Muthoot Finance Limited | CRISIL AA+ |
1.26% |
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| Power Finance Corporation Limited | CRISIL AAA |
1.26% |
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| LIC Housing Finance Limited | CRISIL AAA |
1.25% |
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| Government Bond | 4.13% |
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| 7.32% GOI (MD 28/01/2024) | SOV |
1.26% |
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| 4.48% GOI (MD 02/11/2023) | SOV |
1.24% |
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| 7.38% GOI (MD 20/06/2027) | SOV |
1.01% |
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| 7.26% GOI (MD 22/08/2032) | SOV |
0.62% |
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| State Government Bond | 1.28% |
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| 8.16% Maharastra SDL (23/09/2025) | SOV |
1.28% |
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| Treasury Bill | 4.85% |
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| 182 Days Tbill (MD 20/07/2023) | SOV |
2.46% |
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| 364 Days Tbill (MD 23/11/2023) | SOV |
1.20% |
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| 364 Days Tbill (MD 14/12/2023) | SOV |
1.19% |
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| Cash & Other Receivables | 4.74% |
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| Grand Total | 100.00% |
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| ( Top Ten Holdings - Issuer wise) as on February 28, 2023) |
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| Mahindra Manulife Low Duration Fund | CAGR Returns (%) |
Value of Investment of Rs. 10,000* |
NAV / Index Value (as on February 28, 2023) |
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| Managed by Mr. Rahul Pal | 1 Year |
3 Years |
5 Years |
Since Inception |
1 Year |
3 Years |
5 Years |
Since Inception |
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| Regular Plan - Growth Option | 4.12 |
4.29 |
5.52 |
5.60 |
10,412 |
11,345 |
13,082 |
13,895 |
1,389.4999 |
| Direct Plan - Growth Option | 4.95 |
5.14 |
6.40 |
6.51 |
10,495 |
11,624 |
13,638 |
14,634 |
1,463.4401 |
| CRISIL Low Duration Fund BI Index^ | 5.43 |
5.27 |
6.29 |
6.37 |
10,543 |
11,666 |
13,572 |
14,518 |
6,758.78 |
| CRISIL 1 Year T-Bill Index^^ | 4.21 |
4.44 |
5.55 |
5.58 |
10,421 |
11,393 |
13,101 |
13,877 |
6,566.86 |
^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 and Direct 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. For performance details of other schemes managed by the Fund Manager(s), please click here | Best Viewed in Landscape mode
| Mahindra Manulife Low Duration Fund | Regular Plan |
Direct Plan |
CRISIL Low Duration Fund BI Index^ |
Crisil 1 Yr T-Bill Index^^ |
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| SIP Investment Period | Total Amount Invested (  ) |
Market Value ( ) |
CAGR Returns (%) |
Market Value ( ) |
CAGR Returns (%) |
Market Value ( ) |
CAGR Returns (%) |
Market Value ( ) |
CAGR Returns (%) |
| 1 Year | 120,000 |
123,105 |
4.88 |
123,636 |
5.72 |
123,922 |
6.17 |
123,089 |
4.85 |
| 3 Years | 360,000 |
382,317 |
3.96 |
387,154 |
4.80 |
389,109 |
5.13 |
382,846 |
4.05 |
| 5 Years | 600,000 |
676,252 |
4.74 |
690,964 |
5.60 |
692,359 |
5.68 |
676,914 |
4.78 |
| Since Inception | 720,000 |
837,810 |
5.00 |
860,311 |
5.87 |
860,705 |
5.89 |
838,790 |
5.03 |
^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. Returns greater than 1 year period are compounded annualized. For SIP returns, monthly investment of equal amounts invested on the 1st business day of every month has been considered. CAGR Returns (%) are computed after accounting for the cash flow by using the XIRR method (investment internal rate of return). For SIP Performance please click here | Best Viewed in Landscape mode
*Cash & Cash Equivalents includes Fixed Deposits, Cash & Current Assets and TREPS
*Cash & Cash Equivalents includes Fixed Deposits, Cash & Current Assets and TREPS
Record Date |
Plan(s)/Option(s) |
Individuals/HUF (IDCW) |
Others (IDCW) |
Face Value |
Cum-IDCW NAV |
(Rs. per unit) |
(Rs. per unit) |
(Rs. per unit) |
(Rs. per unit) |
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28-Dec-22 |
Monthly Regular IDCW |
5.1791 |
5.1791 |
1000 |
1117.9740 |
28-Dec-22 |
Monthly Direct IDCW |
6.0467 |
6.0467 |
1000 |
1138.2660 |
27-Jan-23 |
Monthly Regular IDCW |
5.3859 |
5.3859 |
1000 |
1118.1803 |
27-Jan-23 |
Monthly Direct IDCW |
6.2307 |
6.2307 |
1000 |
1138.4497 |
24-Feb-23 |
Monthly Regular IDCW |
4.5303 |
4.5303 |
1000 |
1117.3247 |
24-Feb-23 |
Monthly Direct IDCW |
5.3040 |
5.3040 |
1000 |
1137.523 |
Pursuant to payment of IDCW, the NAV of the IDCW Option(s) of the Scheme/Plan(s) falls to the extent of payout and statutory levy, if any. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. For complete list of IDCWs, visit www.mahindramanulife.com. |
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Product Suitability |
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| This Product is Suitable for investors who are seeking* | |
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Scheme Riskometers |
Benchmark Riskometers |
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 Scheme Benchmark: CRISIL Low Duration Fund BI Index |
* Investors should consult their financial advisers if in doubt about whether the product is suitable for them. |
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| Refere to the PRCM disclosure click here | |