Mahindra Manulife Ultra Short Duration Fund Idcw Fund- Direct Weekly

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. 31 of SID). A relatively low interest rate risk and moderate credit risk

Type : Mutual Fund

Asset Class : Debt

Last Dividend Date: 01st March 2024 Last Dividend: 1.49962832

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Fund Summary
Min Investment 1000
Min SIP 500
Lock InNo
Exit LoadNIL

Fund Manager : Mr. Rahul Pal

Total Experience: Collectively over 21 years of work experience in the Fixed Income segment

Experience in managing this fund : Managing since October 17, 2019

Fund Manager : Mr. Amit Garg

Total Experience: Collectively over 17 years of work experience in the Fixed Income segment

Experience in managing this fund : Managing since June 8, 2020

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.
  • Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Mahindra Manulife- Scheme Risko Meter Moderate

Mahindra Manulife Ultra Short Duration Fund

Investors Understands that their principal will be at Moderate risk

Mahindra Manulife- Benchmark Risko Meter Moderate

CRISIL Ultra Short Duration Debt B-I Index

  • Scheme Overview
  • Scheme Documents and Forms

Investment Objective:

The investment objective of the Scheme is to generate regular income and capital appreciation through investment in a portfolio of short term debt & money market instruments such that the Macaulay duration of the portfolio is between 3 - 6 months. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.

Scheme Features:

  • Investment in quality short duration instruments having relatively stable returns and lowervolatility
  • 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

Who is it suitable for?

  • CORPORATES/ MSME#/ SOLE PROPRIETORSHIP
    • Liquidity focus makes it is an apt cash management tool
    • Alternative for those looking beyond liquid funds for better risk adjusted return

  • INDIVIDUALS
    • Investors looking for a short term investment solution
    • Investors moving away from traditional short term products and looking for alternatives with higher return potential

# Micro, small and medium scale enterprises

Benchmark: CRISIL Ultra Short Duration Debt B-I Index

Potential Risk Classification (PRC)
Fund Performance:
Mahindra Manulife Ultra Short Duration Fund CAGR Returns (%) Value of Investment of 10,000* (Rs) NAV / Index Value (as on Jan 31, 2024)
Managed by Mr. Rahul Pal and Mr. Amit Garg 1 Year 3 Years 5 Years Since Inception 1 Year 3 Years 5 Years Since Inception
Regular Plan - Growth Option 6.96 4.98 N/A 5.20 10,696 11,571 N/A 12,431 1243.1458
Direct Plan - Growth Option 7.41 5.42 N/A 5.64 10,741 11,718 N/A 12,658 1265.7711
CRISIL Ultra Short Duration Fund BI Index^ 7.69 5.83 N/A 5.87 10,769 11,856 N/A 12,773 7381.3
CRISIL 1 Year T-Bill^^ 6.91 4.99 N/A 5.17 10,691 11,575 N/A 12,418 7011.51

^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 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 Mr Amit Garg is managing the scheme since June 8, 2020.

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