Mahindra Manulife Low Duration Fund Direct Growth
DebtLow DurationModerate Risk
Direct
NAV (05-Jul-24)
₹1620.670.03%1D
Returns (Since Inception)
6.76%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹510 Cr
Expense Ratio
0.30%
ISIN
INF174V01267
Minimum SIP
₹1,000
Exit Load
No Charges
Inception Date
15 Feb 2017
About this fund
Mahindra Manulife Low Duration Fund Direct Growth is a Low Duration mutual fund schemes offered by Kotak Mahindra Mutual Fund. This fund has been in existence for 7 years, 4 months and 21 days, having been launched on 15-Feb-17.
As of 05-Jul-24, it has a Net Asset Value (NAV) of ₹1620.67, Assets Under Management (AUM) of 510.43 Crores, and an expense ratio of 0.3%.
As of 05-Jul-24, it has a Net Asset Value (NAV) of ₹1620.67, Assets Under Management (AUM) of 510.43 Crores, and an expense ratio of 0.3%.
- Mahindra Manulife Low Duration Fund Direct Growth has given a CAGR return of 6.76% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 69.01% in debts, and 30.75% in cash & cash equivalents.
- You can start investing in Mahindra Manulife Low Duration 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
+7.71%
+6.36% (Cat Avg.)
3 Years
+6.04%
+5.33% (Cat Avg.)
5 Years
+6.28%
+5.65% (Cat Avg.)
Since Inception
+6.76%
— (Cat Avg.)
Portfolio Summaryas of 15th June 2024
| Debt | ₹352.22 Cr | 69.01% |
| Others | ₹158.2 Cr | 30.99% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Axis Bank Limited | Cash - CD/Time Deposit | ₹28.86 Cr | 5.65% |
| Godrej Industries Limited | Bond - Corporate Bond | ₹28.21 Cr | 5.53% |
| Shriram Finance Limited | Bond - Corporate Bond | ₹25.07 Cr | 4.91% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹24.93 Cr | 4.88% |
| Export Import Bank Of India | Bond - Corporate Bond | ₹24.53 Cr | 4.81% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹24.15 Cr | 4.73% |
| 360 One Prime Limited | Bond - Corporate Bond | ₹24.06 Cr | 4.71% |
| Godrej Properties Limited | Bond - Corporate Bond | ₹23.92 Cr | 4.69% |
| 8.34% Govt Stock 2033 | Bond - Gov't/Treasury | ₹20.4 Cr | 4.00% |
| Bharti Telecom Limited | Bond - Corporate Bond | ₹20.02 Cr | 3.92% |
| Tata Realty And Infrastructure Limited | Bond - Corporate Bond | ₹19.97 Cr | 3.91% |
| Rec Limited | Bond - Corporate Bond | ₹19.89 Cr | 3.90% |
| National Housing Bank | Bond - Corporate Bond | ₹14.96 Cr | 2.93% |
| Embassy Office Parks Reit | Bond - Corporate Bond | ₹14.93 Cr | 2.93% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹14.81 Cr | 2.90% |
| JM Financial Products Limited 8.92% | Bond - Corporate Bond | ₹14.71 Cr | 2.88% |
| ICICI Bank Limited | Cash - CD/Time Deposit | ₹14.6 Cr | 2.86% |
| India (Republic of) | Bond - Short-term Government Bills | ₹14.19 Cr | 2.78% |
| Tata Realty And Infrastructure Limited | Bond - Corporate Bond | ₹14 Cr | 2.74% |
| Embassy Office Parks Reit | Bond - Corporate Bond | ₹12.48 Cr | 2.44% |
| Bajaj Housing Finance Limited | Bond - Corporate Bond | ₹10 Cr | 1.96% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹9.93 Cr | 1.95% |
| 91 DTB 08082024 | Bond - Gov't/Treasury | ₹9.9 Cr | 1.94% |
| Muthoot Finance Limited | Bond - Corporate Bond | ₹9.85 Cr | 1.93% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹9.67 Cr | 1.89% |
| ICICI Bank Ltd. | Bond - Corporate Bond | ₹9.55 Cr | 1.87% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹6.76 Cr | 1.32% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹6 Cr | 1.17% |
| 08.16 MH Sdl 2025 | Bond - Gov't/Treasury | ₹5.06 Cr | 0.99% |
| Power Grid Corporation Of India Limited | Bond - Corporate Bond | ₹5 Cr | 0.98% |
| Bharti Telecom Limited | Bond - Corporate Bond | ₹5 Cr | 0.98% |
| Motilal Oswal Financial Services Ltd | Cash - Commercial Paper | ₹5 Cr | 0.98% |
| LIC Housing Finance Limited | Bond - Corporate Bond | ₹4.99 Cr | 0.98% |
| Reverse Repo | Cash - Repurchase Agreement | ₹4.59 Cr | 0.90% |
| Net Receivables / (Payables) | Cash - Collateral | ₹3.06 Cr | 0.60% |
| Triparty Repo | Cash - Repurchase Agreement | ₹2.15 Cr | 0.42% |
| PNb Housing Finance Limited | Bond - Corporate Bond | ₹2 Cr | 0.39% |
| Cholamandalam Investment And Fin. Co. Ltd | Bond - Corporate Bond | ₹1.99 Cr | 0.39% |
| Corporate Debt Market Development Fund Class A2 | Mutual Fund - Open End | ₹1.26 Cr | 0.25% |
Allocation By Credit Quality (Debt)
AAA
AA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Bond - Corporate Bond | ₹367.55 Cr | 72.01% |
| Cash - CD/Time Deposit | ₹77.28 Cr | 15.14% |
| Bond - Gov't/Treasury | ₹35.36 Cr | 6.93% |
| Bond - Short-term Government Bills | ₹14.19 Cr | 2.78% |
| Cash - Repurchase Agreement | ₹6.74 Cr | 1.32% |
| Cash - Commercial Paper | ₹5 Cr | 0.98% |
| Cash - Collateral | ₹3.06 Cr | 0.60% |
| Mutual Fund - Open End | ₹1.26 Cr | 0.25% |
Risk & Performance Ratios
Standard Deviation
This fund
0.62%
Cat. avg.
0.91%
Lower the better
Sharpe Ratio
This fund
0.67
Cat. avg.
-0.69
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
-0.32
Higher the better
Fund Managers
RP
Rahul Pal
Since February 2017
Additional Scheme Detailsas of 15th June 2024
ISIN | INF174V01267 | Expense Ratio | 0.30% | Exit Load | No Charges | Fund Size | ₹510 Cr | Age | 15 Feb 2017 | Lumpsum Minimum | ₹1,000 | Fund Status | Open Ended Investment Company | Benchmark | CRISIL Low Duration 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
Withdrawal (irrespective of holding period)
Realised Gain (capital gains) are taxed at your marginal income tax rate
Note: Mutual funds are subject to capital gains taxation with surcharge and cess, based on prevailing income tax rules and investor income. Taxation applies to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Low Duration Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Mahindra Manulife Low Duration Fund Direct Growth Moderate Risk | 0.3% | 0.0% | ₹510.43 Cr | 7.7% |
| Mahindra Manulife Low Duration Fund Regular Growth Moderate Risk | 1.1% | 0.0% | ₹510.43 Cr | 6.9% |
| Tata Treasury Advantage Fund Regular Growth Low to Moderate Risk | 0.6% | 0.0% | ₹2360.66 Cr | 7.0% |
| Kotak Low Duration Fund Regular Growth Moderate Risk | 1.2% | 0.0% | ₹9087.61 Cr | 6.9% |
| Mirae Asset Savings Fund Regular Growth Moderate Risk | 0.8% | 0.0% | ₹616.30 Cr | 7.1% |
| HDFC Low Duration Fund Regular Growth Low to Moderate Risk | 1.1% | 0.0% | ₹17013.36 Cr | 7.2% |
| Bandhan Low Duration Fund Regular Growth Low to Moderate Risk | 0.6% | 0.0% | ₹5064.23 Cr | 7.0% |
| Canara Robeco Savings Fund Regular Growth Low to Moderate Risk | 0.6% | 0.0% | ₹884.17 Cr | 7.1% |
| ICICI Prudential Savings Fund Regular Growth Moderate Risk | 0.5% | 0.0% | ₹19316.69 Cr | 7.8% |
| Sundaram Low Duration Fund Regular Growth Low to Moderate Risk | 1.1% | 0.0% | ₹503.92 Cr | 6.7% |
About the AMC
Total AUM
₹4,47,798 Cr
Address
2nd Floor, 12-BKC, Plot No C-12, Mumbai, 400 051
Other Funds by Kotak Mahindra Mutual Fund
Risk Level
Your principal amount will be at Moderate Risk
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We're here to help.
What is the current NAV of Mahindra Manulife Low Duration Fund Direct Growth?
The NAV of Mahindra Manulife Low Duration Fund Direct Growth, as of 05-Jul-2024, is ₹1620.67.
What are the returns of Mahindra Manulife Low Duration Fund Direct Growth?
The fund has generated 7.71% over the last 1 year and 6.04% 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 Low Duration Fund Direct Growth?
The fund's allocation of assets is distributed as 0.00% in equities, 69.01% in bonds, and 30.75% in cash and cash equivalents.
Who manages the Mahindra Manulife Low Duration Fund Direct Growth?
The fund managers responsible for Mahindra Manulife Low Duration Fund Direct Growth are:-
- Rahul Pal
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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Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.