Mahindra Manulife Ultra Short Term Fund

An open ended ultra-short term debt scheme and money market instruments investing in instruments such that the Macaulay duration of the portfolio is between 3 to 6 months (Please refer to page no. 32 of SID)

Type : Mutual Fund

Asset Class : Debt

Last Dividend Date: 11th October 2021 Last Dividend: 0.42828365

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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 18 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 16 years of work experience in the Fixed Income segment

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

Riskometer Riskometer

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.
  • 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 Term Debt Index

Fund Performance:
Mahindra Manulife Ultra Short Term Fund CAGR Returns (%) Value of Investment of 10,000* (Rs) NAV / Index Value (as on Aug 31, 2021)
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
Mahindra Manulife Ultra Short Term Fund - Reg - Growth 3.6 N/A N/A 5.08 10359.6848 N/A N/A 10972.283 1097.2283
Mahindra Manulife Ultra Short Term Fund Dir - Growth 4.03 N/A N/A 5.52 10403.2936 N/A N/A 11059.291 1105.9291
CRISIL Ultra Short Term Debt Index^ 4.45 N/A N/A 5.52 10444.9672 N/A N/A 11058.9595 6411.1
Crisil 1 Yr T-Bill Index^^ 3.92 N/A N/A 5.18 10391.9005 N/A N/A 10992.3421 6206.76

^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. Mr Amit Garg is managing this scheme since June 8, 2020 and he manages 3 schemes of Mahindra Manulife Mutual Fund. Mr. Rahul Pal is managing the scheme since inception and he manages 9 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 Mr. Rahul Pal click here

For performance of other schemes managed by Mr. Amit Garg click here

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