However, Scripbox does not recommend investing in ultra short mutual funds.
2 Years. The fund has Insufficient history for analysis. We recommend funds with longer history.
196 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
NAV (Oct 21)
6 Month CAGR
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
Launched (2y ago)
|Oct 18, 2019|
AUM in Crores
|CRISIL Ultra Short Term Debt TR INR|
with step up of
|Instrument||Returns||Total Corpus||Gains||Annualised %|
|Mutual Fund||₹ 9,65,796||₹ 2,33,184||11.25%|
|EPF||₹ 9,00,761||₹ 1,68,149||8.50%|
|Property||₹ 8,67,662||₹ 1,35,050||7.00%|
|PPF||₹ 8,69,819||₹ 1,37,207||7.10%|
|Bank FD||₹ 8,46,471||₹ 1,13,859||6.00%|
|Gold||₹ 8,46,471||₹ 1,13,859||6.00%|
|Savings Bank||₹ 8,25,950||₹ 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.
|Fund Name||Scripbox Opinion||Fund Size||Track Record|
₹ 13,509 cr
₹ 33,192 cr
₹ 11,590 cr
₹ 33,722 cr
₹ 22,849 cr
Mahindra Manulife Investment Management Pvt. Ltd.
Mahindra Manulife Investment Management Pvt. Ltd. manages assets worth 7,531 crores and was set up on 20 June 2013. It's current offering of mutual fund schemes includes 20 equity,20 debt and 9 hybrid funds.
|Fund Name||Scripbox Opinion||Till Date CAGR|
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Mahindra Manulife Ultra Short Term Fund (G) 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 (G) fund was launched on Oct 18, 2019. The NAV (Net Asset Value) of this Ultra Short Debt fund as of 2021-10-21 is ₹1101.31. The total AUM (Asset Under Management) of the fund as of 22/10/2021 is ₹195.849. The category risk of the Mahindra Manulife Ultra Short Term Fund (G) fund is Moderate Risk. The fund charges 0.77 % as expense ratio.
The fund’s highest allocation is towards Others and has invested 74% in this asset class. The top three holdings of the fund are , reverse repo , 182 dtb 18112021 , power finance corporation limited , hindalco industries limited , national bank for agriculture and rural development , goi 15.12.2021 gov , jm financial services limited , icici securities limited , axis bank limited , ntpc limited , au small finance bank limited , idfc first bank limited , sharekhan limited , housing development finance corporation limited , rural electrification corporation limited , power finance corporation limited , 6.92% mh sdl 2022 , housing development finance corporation limited , northern arc capital limited , godrej properties limited , net receivables / (payables) , tri party repo
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 (G) has a score of 2 on a scale of 5. The fund has a score of 1 out of 5 based on historical performance. As compared to the other funds in its category, Mahindra Manulife Ultra Short Term Fund (G) has a score of 2out of 5 The credit risk of the fund is 4 out of 5 as compared to other debt funds.
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