However, Scripbox does not recommend investing in ultra short mutual funds.
Scripbox does not recommend investing in the dividend option of a fund because dividends are taxable at a higher rate than withdrawals.
2 Years. The fund has Insufficient history for analysis. We recommend funds with longer history.
234 Cr. Small within the category
Impact of Interest Rate Changes
Low Interest Rate Risk. The impact on fund value is quite low when interest rates change
Credit Quality Of Fund's Portfolio
Low Credit Risk. The fund has a high credit quality compared to other debt funds
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.
Low to Moderate
Oct 18, 2019
Launched (2y ago)
AUM in Crores
CRISIL Ultra Short Term Debt TR INR
Returns Calculator Comparison
with step up of
|Instrument||Returns||Total Corpus||Gains||Annualised %|
|Mutual Fund||₹ 965,796||₹ 233,184||11.25%|
|EPF||₹ 900,761||₹ 168,149||8.50%|
|Property||₹ 867,662||₹ 135,050||7.00%|
|PPF||₹ 869,819||₹ 137,207||7.10%|
|Bank FD||₹ 846,471||₹ 113,859||6.00%|
|Gold||₹ 846,471||₹ 113,859||6.00%|
|Savings Bank||₹ 825,950||₹ 93,338||5.00%|
Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.
Comparison with Debt Funds
About the AMC
Mahindra Manulife Investment Management Pvt. Ltd.
Mahindra Manulife Investment Management Pvt. Ltd. manages assets worth 5,089 crores and was set up on 20 June 2013. It's current offering of mutual fund schemes includes 17 equity,19 debt and 9 hybrid funds.
₹ 384 Cr
₹ 98 Cr
₹ 149 Cr
₹ 1,700 Cr
₹ 1,700 Cr
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Mahindra Manulife Ultra Short Term Fund (DR-D) is a ultra short debt fund and has delivered an annualised return of 4.9% over a period of 2 years ..The fund is managed by Mahindra Manulife Investment Management Pvt. Ltd..The fund managers are Amit Garg, Rahul Pal
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. However, there is no assurance that the objective of the scheme will be realized.
The Mahindra Manulife Ultra Short Term Fund (DR-D) fund was launched on Oct 18, 2019. The NAV (Net Asset Value) of this ultra short debt as of 2021-03-04 is ₹ 1005.524. The total AUM (Asset Under Management) of the fund as of 2021-03-04 is ₹ 233.718. The category risk of the Mahindra Manulife Ultra Short Term Fund (DR-D) fund is Moderate Risk. The fund charges 0.78 % as expense ratio.
The fund’s highest allocation is towards others and has invested 68.0% in this asset class. The top three holdings of the fund are 364 dtb 03062021,national bank for agriculture and rural development and ntpc limited
The minimum SIP (Systematic Investment Plan) amount for this is ₹ 1000 and you can increase this in multiples of ₹ 100. In case you want to invest a lump sum, the minimum amount to be invested is ₹ 5000.
This fund is suited for investors looking to invest for 1-4 years. The asset class is less volatile than equity and the fund is likely to provide stable but slow growth. The fund is benchmarked to CRISIL Ultra Short Term Debt TR INR.
Mahindra Manulife Ultra Short Term Fund (DR-D) has a score of 2 on a scale of 5. The fund scores 1 out of 5 based on historical performance. As compared to the other funds in its category, Mahindra Manulife Ultra Short Term Fund (DR-D) has a score of 2 out of 5. The credit risk of the fund is 4 out of 5 as compared to other debt funds.