Mahindra Manulife Liquid Fund Direct Growth

Fund Overview

Fund Size

₹1,579 Cr

Expense Ratio

0.15%

ISIN

INF174V01044

Minimum SIP

₹1,000

Exit Load

No Charges

Inception Date

04 Jul 2016

About this fund

Mahindra Manulife Liquid Fund Direct Growth is a Liquid mutual fund schemes offered by Mahindra Manulife Mutual Fund. This fund has been in existence for 8 years, 8 months and 24 days, having been launched on 04-Jul-16.
As of 27-Mar-25, it has a Net Asset Value (NAV) of ₹1686.45, Assets Under Management (AUM) of 1579.36 Crores, and an expense ratio of 0.15%.

Mahindra Manulife Liquid Fund Direct Growth has given a CAGR return of 6.17% since inception.
The fund's asset allocation comprises around 0.00% in equities, 0.00% in debts, and 99.80% in cash & cash equivalents.
You can start investing in Mahindra Manulife Liquid Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹1000.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+7.39%

+6.60% (Cat Avg.)

3 Years

+6.83%

+6.32% (Cat Avg.)

5 Years

+5.55%

+5.08% (Cat Avg.)

Since Inception

+6.17%

— (Cat Avg.)

Portfolio Summaryas of 15th March 2025

Others

₹1,579.36 Cr

100.00%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
91 DTB 28032025	Bond - Gov't/Treasury	₹125.74 Cr	7.96%
Punjab National Bank	Cash - CD/Time Deposit	₹74.84 Cr	4.74%
Reverse Repo	Cash - Repurchase Agreement	₹59.36 Cr	3.76%
91 DTB 20032025	Bond - Gov't/Treasury	₹54.96 Cr	3.48%
ICICI Home Finance Company Limited	Bond - Corporate Bond	₹50 Cr	3.17%
Reliance Retail Ventures Limited	Cash - Commercial Paper	₹49.99 Cr	3.17%
Punjab National Bank	Cash - CD/Time Deposit	₹49.96 Cr	3.16%
Export-Import Bank Of India	Cash - CD/Time Deposit	₹49.92 Cr	3.16%
Godrej Properties Limited	Cash - Commercial Paper	₹49.89 Cr	3.16%
L&T Finance Ltd.	Cash - Commercial Paper	₹49.89 Cr	3.16%
Godrej Industries Limited	Cash - Commercial Paper	₹49.68 Cr	3.15%
Bank Of Baroda	Cash - CD/Time Deposit	₹49.59 Cr	3.14%
National Bank For Agriculture And Rural Development	Cash - Commercial Paper	₹49.55 Cr	3.14%
Axis Bank Limited	Cash - CD/Time Deposit	₹49.5 Cr	3.13%
360 One Wam Limited 2025	Cash - Commercial Paper	₹49.48 Cr	3.13%
Bank Of Baroda	Cash - CD/Time Deposit	₹49.42 Cr	3.13%
Tata Housing Development Company Limited	Cash - Commercial Paper	₹49.2 Cr	3.12%
Export-Import Bank Of India	Cash - Commercial Paper	₹49.19 Cr	3.11%
HDFC Bank Ltd.	Bond - Corporate Bond	₹49.13 Cr	3.11%
National Bank for Agriculture and Rural Development	Cash - Commercial Paper	₹49.09 Cr	3.11%
91 DTB 17042025	Bond - Gov't/Treasury	₹39.77 Cr	2.52%
Goi 22.04.2025 Gov	Bond - Gov't/Treasury	₹29.81 Cr	1.89%
Rural Electrification Corporation Limited	Bond - Corporate Bond	₹25 Cr	1.58%
Indian Railway Finance Corporation Limited	Cash - Commercial Paper	₹24.99 Cr	1.58%
JM Financial Services Limited	Cash - Commercial Paper	₹24.95 Cr	1.58%
Infina Finance Private Limited	Cash - Commercial Paper	₹24.75 Cr	1.57%
182 DTB 15052025	Bond - Gov't/Treasury	₹24.73 Cr	1.57%
National Bank For Agriculture And Rural Development	Cash - Commercial Paper	₹24.73 Cr	1.57%
ICICI Securities Limited	Cash - Commercial Paper	₹24.71 Cr	1.56%
Reliance Retail Ventures Limited	Cash - Commercial Paper	₹24.71 Cr	1.56%
PNb Housing Finance Limited	Cash - Commercial Paper	₹24.65 Cr	1.56%
Nuvama Wealth Management Ltd.	Cash - Commercial Paper	₹24.62 Cr	1.56%
Igh Holdings Private Limited	Cash - Commercial Paper	₹24.6 Cr	1.56%
Bank of Baroda	Bond - Corporate Bond	₹24.58 Cr	1.56%
HDFC Securities Limited	Cash - Commercial Paper	₹24.58 Cr	1.56%
JM Financial Services Limited	Cash - Commercial Paper	₹19.83 Cr	1.26%
360 One Wam Ltd.	Cash - Commercial Paper	₹19.63 Cr	1.24%
HDFC Bank Limited	Cash - CD/Time Deposit	₹9.99 Cr	0.63%
Triparty Repo	Cash - Repurchase Agreement	₹7.99 Cr	0.51%
Net Receivables / (Payables)	Cash - Collateral	₹5.29 Cr	0.33%
National Bank for Agriculture and Rural Development	Cash - CD/Time Deposit	₹5 Cr	0.32%
Corporate Debt Market Development Fund Class A2	Mutual Fund - Open End	₹3.09 Cr	0.20%
India (Republic of)	Bond - Short-term Government Bills	₹3 Cr	0.19%
India (Republic of)	Bond - Short-term Government Bills	₹2.99 Cr	0.19%
364 Days Tbill 2025	Bond - Gov't/Treasury	₹1.97 Cr	0.13%
91 DTB 10042025	Bond - Gov't/Treasury	₹1 Cr	0.06%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

Instruments	Amount	Holdings
Cash - Commercial Paper	₹732.71 Cr	46.39%
Cash - CD/Time Deposit	₹338.24 Cr	21.42%
Bond - Gov't/Treasury	₹277.98 Cr	17.60%
Bond - Corporate Bond	₹148.71 Cr	9.42%
Cash - Repurchase Agreement	₹67.35 Cr	4.26%
Bond - Short-term Government Bills	₹5.99 Cr	0.38%
Cash - Collateral	₹5.29 Cr	0.33%
Mutual Fund - Open End	₹3.09 Cr	0.20%

Risk & Performance Ratios

Fund Managers

Rahul Pal

Since July 2016

Amit Garg

Since June 2020

Additional Scheme Detailsas of 15th March 2025

ISIN

INF174V01044

Expense Ratio

0.15%

Exit Load

No Charges

Fund Size

₹1,579 Cr

Age

8 years 8 months

Lumpsum Minimum

₹1,000

Fund Status

Open Ended Investment Company

Benchmark

CRISIL Liquid Debt A-I TR INR

Investment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

Capital Gains Taxation:

Dividend Taxation:

Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar Liquid Funds

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Canara Robeco Liquid Fund Regular Growth Low to Moderate Risk	0.2%	0.0%	₹5742.24 Cr	7.3%
Navi Liquid Fund Regular Growth Low to Moderate Risk	0.2%	0.0%	₹74.51 Cr	6.9%
Motilal Oswal Liquid Fund Regular Growth Low to Moderate Risk	0.4%	0.0%	₹991.01 Cr	6.8%
Motilal Oswal Liquid Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹991.01 Cr	6.9%
Kotak Nifty 1D Rate Liquid ETF Low Risk	0.2%	-	₹939.71 Cr	5.8%
Invesco India Liquid Fund Regular Growth Low to Moderate Risk	0.2%	0.0%	₹14275.62 Cr	7.3%
TrustMF Liquid Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹373.46 Cr	7.3%
360 ONE Liquid Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹1089.62 Cr	7.2%
360 ONE Liquid Fund Regular Growth Low to Moderate Risk	0.3%	0.0%	₹1089.62 Cr	7.1%
TrustMF Liquid Fund Regular Growth Low to Moderate Risk	0.3%	0.0%	₹373.46 Cr	7.1%

About the AMC

Mahindra Manulife Mutual Fund

022-66327900

https://www.mahindramanulife.com/

Total AUM

₹17,236 Cr

Address

570 P. B. Marg, Worli, Mumbai 400018, Mumbai, 400018

Other Funds by Mahindra Manulife Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Mahindra Manulife Business Cycle Fund Direct Growth Very High Risk	0.6%	1.0%	₹1055.09 Cr	10.1%
Mahindra Manulife Large Cap Fund Direct Growth Very High Risk	0.7%	1.0%	₹560.86 Cr	9.9%
Mahindra Manulife Liquid Fund Direct Growth Moderate Risk	0.1%	0.0%	₹1579.36 Cr	7.4%
Mahindra Manulife ELSS Fund Direct Growth Very High Risk	0.7%	0.0%	₹839.23 Cr	9.1%
Mahindra Manulife Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹265.10 Cr	6.6%
Mahindra Manulife Asia Pacific REITs FOF Direct Growth Very High Risk	0.5%	1.0%	₹24.01 Cr	5.4%
Mahindra Manulife Equity Savings Fund Direct Growth Moderate Risk	0.8%	1.0%	₹543.63 Cr	7.5%
Mahindra Manulife Dynamic Bond Fund Direct Growth Moderate Risk	0.4%	0.0%	₹78.67 Cr	9.4%
Mahindra Manulife Short Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹75.30 Cr	8.9%
Mahindra Manulife Arbitrage Fund Direct Growth Low Risk	0.4%	0.0%	₹103.51 Cr	6.6%
Mahindra Manulife Aggressive Hybrid Fund Direct Growth Very High Risk	0.6%	1.0%	₹1463.39 Cr	14.6%
Mahindra Manulife Balanced Advantage Fund Direct Growth Very High Risk	0.6%	1.0%	₹843.27 Cr	7.4%

Risk Level

Your principal amount will be at Moderate Risk

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Still got questions?
We're here to help.

What is the current NAV of Mahindra Manulife Liquid Fund Direct Growth?

The NAV of Mahindra Manulife Liquid Fund Direct Growth, as of 27-Mar-2025, is ₹1686.45.

What are the returns of Mahindra Manulife Liquid Fund Direct Growth?

The fund has generated 7.39% over the last 1 year and 6.83% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.

What is the portfolio composition of Mahindra Manulife Liquid Fund Direct Growth?

The fund's allocation of assets is distributed as 0.00% in equities, 0.00% in bonds, and 99.80% in cash and cash equivalents.

Who manages the Mahindra Manulife Liquid Fund Direct Growth?

The fund managers responsible for Mahindra Manulife Liquid Fund Direct Growth are:-

Rahul Pal
Amit Garg

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

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Fund Overview

Fund Size

₹1,579 Cr

Expense Ratio

0.15%

ISIN

INF174V01044

Minimum SIP

₹1,000

Exit Load

No Charges

Inception Date

04 Jul 2016

Risk Level

Your principal amount will be at Moderate Risk