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 page 31 of SID)

Type : Mutual Fund

Asset Class : Debt

Last Dividend Date: 18th September 2020 Last Dividend: 0.08334387

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Fund Summary
Min Investment 1000
Min SIP 500
Lock InNo

Fund Manager : Rahul Pal

Total Experience: Collectively over 18 years of work experience in the Fixed Income segment

Experience in managing this fund : Managing since February 15, 2017

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This Product is Suitable for investors who are seeking*

  • Regular Income over short term.
  • Investment in debt and money market instruments.
  • Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
  • Scheme Overview
  • Scheme Documents and Forms

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 realised and the Scheme does not assure or guarantee any returns.

Suitability:

  • Investors looking for an alternative to savings/current bank account for parking of short-term surpluses.
  • Investors looking for optimum yields from investments in relatively low risk instruments.
  • Investors seeking high level of liquidity and no lock-in.
  • Mutual fund investors desirous of managing their cashflows efficiently between schemes.

Convenience:

  • Zero load - Zero lock in means redemptions are always possible at no additional cost.
  • Electronic credit of funds through RTGS, NEFT and Direct Credit are available for redemption proceeds.

Transparency:

  • Regular monthly factsheets highlighting allocation of funds and performance^ of the scheme are made available .
  • Portfolio details are published on Mahindra Manulife Mutual Fund website.

Benchmark:CRISIL Low Duration Debt Index

^ subject to applicable regulatory requirements

Fund Performance:
Mahindra Manulife Low Duration Fund CAGR Returns (%) Value of Investment of 10,000* (Rs) NAV / Index Value (as on Aug 31, 2020)
Managed by Rahul Pal 1 Year 3 Years 5 Years Since Inception 1 Year 3 Years 5 Years Since Inception
Mahindra Manulife Low Duration Fund - Reg - Growth 7 6.95 N/A 6.93 10693.4232 12235.0931 N/A 12679.594 1267.9594
Mahindra Manulife Low Duration Fund- Dir - Growth 7.88 7.9 N/A 7.89 10780.5381 12565.0906 N/A 13088.453 1308.8453
Crisil Low Duration Debt Index^ 7.98 7.88 N/A 7.81 10790.1442 12556.475 N/A 13053.645 6077.02
Crisil 1 Yr T-Bill Index^^ 6.78 6.97 N/A 6.79 10673.5039 12242.1543 N/A 12621.5679 5972.69

^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. The performance data for 5 years period has not been provided, since scheme is in existence for less than 5 years. Mr. Rahul Pal manages 7 schemes of Mahindra Manulife Mutual Fund.*Based on standard investment of Rs. 10,000 made at the beginning of the relevant period.

For performance of other schemes managed by Rahul Pal click here

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