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Mahindra Manulife Ultra Short Duration Fund Direct Growth
DebtUltra Short DurationLow to Moderate Risk
Direct
NAV (21-Nov-24)
₹1345.580.03%1D
Returns (Since Inception)
5.99%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹229 Cr
Expense Ratio
0.28%
ISIN
INF174V01887
Minimum SIP
₹1,000
Exit Load
No Charges
Inception Date
18 Oct 2019
About this fund
Mahindra Manulife Ultra Short Duration Fund Direct Growth is a Ultra Short Duration mutual fund schemes offered by Kotak Mahindra Mutual Fund. This fund has been in existence for 5 years, 1 months and 4 days, having been launched on 18-Oct-19.
As of 21-Nov-24, it has a Net Asset Value (NAV) of ₹1345.58, Assets Under Management (AUM) of 229.27 Crores, and an expense ratio of 0.28%.
As of 21-Nov-24, it has a Net Asset Value (NAV) of ₹1345.58, Assets Under Management (AUM) of 229.27 Crores, and an expense ratio of 0.28%.
- Mahindra Manulife Ultra Short Duration Fund Direct Growth has given a CAGR return of 5.99% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 67.46% in debts, and 32.28% in cash & cash equivalents.
- You can start investing in Mahindra Manulife Ultra Short 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
+7.77%
+6.45% (Cat Avg.)
3 Years
+6.51%
+5.73% (Cat Avg.)
5 Years
+5.97%
+5.17% (Cat Avg.)
Since Inception
+5.99%
— (Cat Avg.)
Portfolio Summaryas of 31st October 2024
| Debt | ₹154.66 Cr | 67.46% |
| Others | ₹74.61 Cr | 32.54% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| PNb Housing Finance Limited | Bond - Corporate Bond | ₹15.01 Cr | 6.55% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹14.95 Cr | 6.52% |
| Export Import Bank Of India | Bond - Corporate Bond | ₹10.01 Cr | 4.37% |
| Rec Limited | Bond - Corporate Bond | ₹10 Cr | 4.36% |
| Rec Limited | Bond - Corporate Bond | ₹9.98 Cr | 4.35% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹9.94 Cr | 4.34% |
| Godrej Industries Limited | Bond - Corporate Bond | ₹9.94 Cr | 4.34% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹9.91 Cr | 4.32% |
| 182 DTB 27022025 | Bond - Gov't/Treasury | ₹9.79 Cr | 4.27% |
| Indian Bank 2025 ** # | Cash | ₹9.74 Cr | 4.25% |
| Axis Bank Limited 2025 ** # | Cash | ₹9.5 Cr | 4.14% |
| Net Receivables / (Payables) | Cash | ₹7.48 Cr | 3.26% |
| Shriram Finance Limited | Bond - Corporate Bond | ₹6 Cr | 2.62% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹5.02 Cr | 2.19% |
| Reliance Industries Limited | Bond - Corporate Bond | ₹5.01 Cr | 2.19% |
| Shriram Finance Limited | Bond - Corporate Bond | ₹5.01 Cr | 2.19% |
| HDFC Bank Limited | Bond - Corporate Bond | ₹5 Cr | 2.18% |
| 6.89% Govt Stock 2025 | Bond - Gov't/Treasury | ₹5 Cr | 2.18% |
| Bharti Telecom Limited | Bond - Corporate Bond | ₹5 Cr | 2.18% |
| Bharti Telecom Limited | Bond - Corporate Bond | ₹5 Cr | 2.18% |
| Muthoot Finance Limited | Bond - Corporate Bond | ₹5 Cr | 2.18% |
| Larsen And Toubro Limited | Bond - Corporate Bond | ₹5 Cr | 2.18% |
| Embassy Office Parks Reit | Bond - Corporate Bond | ₹5 Cr | 2.18% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹4.99 Cr | 2.18% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹4.99 Cr | 2.18% |
| 360 One Prime Limited 2024 ** | Cash | ₹4.98 Cr | 2.17% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹4.98 Cr | 2.17% |
| Shriram Finance Limited 2024 ** | Cash | ₹4.96 Cr | 2.16% |
| 182 DTB 06022025 | Bond - Gov't/Treasury | ₹4.91 Cr | 2.14% |
| Kotak Mahindra Bank Limited 2025 ** # | Cash | ₹4.74 Cr | 2.07% |
| 360 One Prime Limited | Bond - Corporate Bond | ₹4.21 Cr | 1.84% |
| 7.3% Govt Stock 2028 | Bond - Gov't/Treasury | ₹2.52 Cr | 1.10% |
| Bajaj Housing Finance Limited | Bond - Corporate Bond | ₹2.5 Cr | 1.09% |
| Reverse Repo | Cash - Repurchase Agreement | ₹2.05 Cr | 0.89% |
| Corporate Debt Market Development Fund Class A2 | Mutual Fund - Open End | ₹0.6 Cr | 0.26% |
| Triparty Repo | Cash - Repurchase Agreement | ₹0.54 Cr | 0.23% |
Allocation By Credit Quality (Debt)
AAA
AA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Bond - Corporate Bond | ₹162.45 Cr | 70.86% |
| Cash | ₹41.4 Cr | 18.06% |
| Bond - Gov't/Treasury | ₹22.22 Cr | 9.69% |
| Cash - Repurchase Agreement | ₹2.59 Cr | 1.13% |
| Mutual Fund - Open End | ₹0.6 Cr | 0.26% |
| Bond - Gov't Agency Debt | ₹0 Cr | - |
| Cash - CD/Time Deposit | ₹0 Cr | - |
| Cash - Commercial Paper | ₹0 Cr | - |
Risk & Performance Ratios
Standard Deviation
This fund
0.51%
Cat. avg.
0.70%
Lower the better
Sharpe Ratio
This fund
1.11
Cat. avg.
-0.63
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
-0.35
Higher the better
Fund Managers
RP
Rahul Pal
Since October 2019
AG
Amit Garg
Since June 2020
Additional Scheme Detailsas of 31st October 2024
ISIN INF174V01887 | Expense Ratio 0.28% | Exit Load No Charges | Fund Size ₹229 Cr | Age 5 years 1 month | Lumpsum Minimum ₹1,000 | Fund Status Open Ended Investment Company | Benchmark CRISIL Ultra Short Dura 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 Ultra Short Duration Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| PGIM India Ultra Short Duration Fund Regular Growth Low to Moderate Risk | 0.9% | 0.0% | ₹242.78 Cr | 6.9% |
| Canara Robeco Ultra Short Term Fund Regular Growth Low to Moderate Risk | 0.9% | 0.0% | ₹627.14 Cr | 6.8% |
| Baroda BNP Paribas Ultra Short Duration Fund Regular Growth Low to Moderate Risk | 0.5% | 0.0% | ₹1304.45 Cr | 7.5% |
| Baroda BNP Paribas Ultra Short Duration Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹1304.45 Cr | 7.6% |
| LIC MF Ultra Short Duration Fund Direct Growth Moderate Risk | 0.3% | 0.0% | ₹246.19 Cr | 7.6% |
| LIC MF Ultra Short Duration Fund Regular Growth Moderate Risk | 0.9% | 0.0% | ₹246.19 Cr | 6.8% |
| UTI Ultra Short Term Fund Regular Growth Moderate Risk | 0.9% | 0.0% | ₹3046.30 Cr | 7.2% |
| Nippon India Ultra Short Duration Fund Regular Growth Moderate Risk | 1.1% | 0.0% | ₹8313.36 Cr | 7.2% |
| Mahindra Manulife Ultra Short Duration Fund Regular Growth Low to Moderate Risk | 0.7% | 0.0% | ₹229.27 Cr | 7.3% |
| Mahindra Manulife Ultra Short Duration Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹229.27 Cr | 7.8% |
About the AMC
Kotak Mahindra Mutual Fund
Total AUM
₹5,12,585 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 Low to Moderate Risk
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Still got questions?
We're here to help.
What is the current NAV of Mahindra Manulife Ultra Short Duration Fund Direct Growth?
The NAV of Mahindra Manulife Ultra Short Duration Fund Direct Growth, as of 21-Nov-2024, is ₹1345.58.
What are the returns of Mahindra Manulife Ultra Short Duration Fund Direct Growth?
The fund has generated 7.77% over the last 1 year and 6.51% 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 Ultra Short Duration Fund Direct Growth?
The fund's allocation of assets is distributed as 0.00% in equities, 67.46% in bonds, and 32.28% in cash and cash equivalents.
Who manages the Mahindra Manulife Ultra Short Duration Fund Direct Growth?
The fund managers responsible for Mahindra Manulife Ultra Short Duration 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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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, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, 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.