Mahindra Manulife Liquid Fund Direct -Growth

Q: What are the returns of Mahindra Manulife Liquid Fund?

The Mahindra Manulife Liquid Fund is a 8 yrs 11 m old fund and has delivered average annual returns of 6.19% since inception. Mahindra Manulife Liquid Fund Returns 1-Year 3-Year 5-Year Since Inception 7.32% 7.05% 5.63% 6.19%

NAV as of Jun 05, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹1710.0291+0.02% 1 day change	6.19% p.a.	#NA View Ranked Funds	₹1,314 Crs

Historical NAV & returns

NAV: ₹1710.0291 as on Jun 05, 2025

This fund Category average

Mahindra Manulife Liquid Fund overview

Expense ratio	0.14% as on May 31, 2025
Exit load	0.007% Exit load of 0.0070% if redeemed within 1 day, 0.0065% if redeemed within 2 days, 0.0060% if redeemed within 3 days, 0.0055% if redeemed within 4 days, 0.0050% if redeemed within 5 days, 0.0045% if redeemed within 6 days.!
AUM (Fund size)	₹1,314 Crs
Lock-in	No Lockin
Age	8 yrs 11 m since Jul 04, 2016
Benchmark	CRISIL Liquid Debt A-I Index
Min. investment	Lump. ₹1000
Risk	Moderate
Tax on your gains	Profits are added to your income and taxed as per your slab rate

Mahindra Manulife Liquid Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

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. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Jun 06, 2025

Period	This fund	Category average
1 Month	0.55%	0.54%
3 Months	1.8%	1.8%
6 Months	3.59%	3.56%
1 Year	7.32%	7.24%
2 Years	7.36%	7.27%
3 Years	7.05%	6.95%
4 Years	6.18%	6.09%
5 Years	5.63%	5.53%
7 Years	5.97%	5.83%

Asset allocationas on Apr 30, 2025

Large Cap 0.0%

Mid Cap 0.0%

Small Cap 0.0%

Other Cap 0.0%

Top holdings

Bifurcation by Holding is not available for this fund

Top sectors

Bifurcation by Sector is not available for this fund

A1+ 75.71%

SOV 18.67%

AAA 3.81%

Cash & Call Money 1.57%

Top Debt Holdings

Reserve Bank of India 14.86%

National Bank For Agriculture & Rural Development 7.55%

Small Industries Devp. Bank of India Ltd. 7.53%

HDFC Bank Ltd. 6.79%

Allocation by Instruments

Commercial Paper 61.39000000000001%

Treasury Bills 14.86%

Certificate of Deposit 14.32%

State Development Loan 3.81%

Other Holdings

Others 0.76%

Peer comparison

Fund name	ETM Rank	AUM (in Crs.)	Fund age	Expense ratio
Mahindra Manulife Liquid Fund	N.A.	₹1,314 Crs	8 yrs 11 m	0.14%
Mirae Asset Liquid Fund	N.A.	₹12,485 Crs	12 yrs 5 m	0.09%
Sundaram Liquid Fund	N.A.	₹5,946 Crs	12 yrs 5 m	0.13%
Navi Liquid Fund	N.A.	₹74 Crs	12 yrs 5 m	0.15%
JM Liquid Fund	N.A.	₹2,680 Crs	12 yrs 5 m	0.16%

Fund name	1M	6M	1Y	3Y	5Y	10Y
Mahindra Manulife Liquid Fund	0.55%	3.59%	7.32%	7.05%	5.63%	N.A.
Mirae Asset Liquid Fund	0.55%	3.59%	7.31%	7.02%	5.59%	6.29%
Sundaram Liquid Fund	0.55%	3.63%	7.35%	7.03%	5.6%	6.24%
Navi Liquid Fund	0.51%	3.3%	6.85%	6.66%	5.39%	6.22%
JM Liquid Fund	0.54%	3.53%	7.2%	6.95%	5.53%	6.33%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Mahindra Manulife Liquid Fund	0.21	0.45	2.49	2.5
Mirae Asset Liquid Fund	0.23	0.48	2.19	2.33
Sundaram Liquid Fund	0.23	0.47	2.29	2.42
Navi Liquid Fund	0.18	0.34	0.91	1.02
JM Liquid Fund	0.21	0.44	2.11	2.06

View all Liquid funds

Key risk & return ratios Compared to other funds in the category

Alpha	1.39 vs. 2.87 Underperformed at beating benchmark
Sharpe	2.49 vs. 2.98 Poor risk-adjusted returns
Beta	0.45 vs. 1.06 Less sensitive to market ups & downs
Standard deviation	0.21 vs. 0.21 More volatile performance

Compare Mahindra Manulife Liquid Fund in detail with

About this fund

About Mahindra Manulife Liquid Fund

Mahindra Manulife Liquid Fund Direct -Growth is a Liquid mutual fund scheme from Mahindra Manulife Mutual Fund. This fund has been in existence for 8 yrs 11 m, having been launched on 04/07/2016. Mahindra Manulife Liquid Fund Direct -Growth has ₹1,314 Crores worth of assets under management (AUM) as on 31/03/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Mahindra Manulife Liquid Fund Direct -Growth as of 05/06/2025 is ₹1710.03. The fund has an expense ratio of 0.14%, which is close to what most other Liquid funds charge.

Mahindra Manulife Liquid Fund Direct -Growth returns of last 1-year are 7.34%. Since launch, it has delivered 6.19% average annual returns.
Mahindra Manulife Liquid Fund Direct -Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is high.
The fund's credit profile is very high indicating it has lent to borrowers whose quality is excellent. Most funds in this category lend to better borrowers and hence the risk of default in this fund is higher than the category.
The fund's top holdings are in Reserve Bank of India, National Bank For Agriculture & Rural Development, Small Industries Devp. Bank of India Ltd., HDFC Bank Ltd., IGH Holdings Pvt. Ltd..

...

Fund AUM	₹1,314 Crs as on Mar 31, 2025
Scheme document	View Scheme Document

Fund managers

Rahul Pal

Mr. Pal is a B.Com (H) and Chartered Accountant. Prior to joining Mahindra Manulife Mutual Fund, he has worked with Taurus AMC, Sundaram Mutual Fund and IDBI Mutual Fund.

Amit Garg

Mr Garg is a B.Com, MMS Finance, CFA Prior to joining Mahindra Manulife Investment Management Pvt. Ltd., he has worked with Darashaw & Co. and Daiwa Asset Management (India) Pvt. Ltd.

Investment objective

The scheme seeks to deliver reasonable market related returns with lower risk and higher liquidity through a portfolio of money market and debt instruments.

Mahindra Manulife Mutual Fund details

No. of schemes	24 view all schemes
Total AUM	₹27,256 Crs as on Mar 31, 2025
Address	1st Floor - Sadhana House, 570 - P.B. Marg, Worli, Mumbai, 400018
Phone	022-66327900

More funds from Mahindra Manulife Mutual Fund

Fund name	ETM Rank	AUM (in Crs.)	1Y	3Y
Mahindra Manulife Dynamic Bond Fund	N.A.	₹96 Crs	10.84%	8.84%
Mahindra Manulife Short Duration Fund	N.A.	₹93 Crs	10.08%	8.26%
Mahindra Manulife Low Duration Fund	N.A.	₹584 Crs	8.56%	7.63%
Mahindra Manulife Ultra Short Duration Fund	N.A.	₹260 Crs	7.95%	7.35%
Mahindra Manulife Overnight Fund	N.A.	₹162 Crs	6.48%	6.42%

See all Debt funds from this AMC

Frequently asked questions

What is the current NAV of Mahindra Manulife Liquid Fund?

The current Net Asset Value (NAV) of the Mahindra Manulife Liquid Fund - Direct Growth plan is approximately ₹1710.0291 as of Jun 05, 2025.

What are the returns of this mutual fund scheme?

The Mahindra Manulife Liquid Fund is a 8 yrs 11 m old fund and has delivered average annual returns of 6.19% since inception.

Mahindra Manulife Liquid Fund Returns

1-Year	3-Year	5-Year	Since Inception
7.32%	7.05%	5.63%	6.19%

How much does this mutual fund charge as expense ratio?

The Mahindra Manulife Liquid Fund - Direct Growth has an expense ratio of 0.14%, which reflects the fund's management and operating costs. This percentage is subtracted from the fund's annual returns, impacting net returns for investors.

What is the AUM or fund size of this mutual fund?

The Mahindra Manulife Liquid Fund currently has assets under management (AUM) or fund size valued at approximately ₹1,314 Crs crore as of Mar 31, 2025.

To whom does Mahindra Manulife Liquid Fund lend to?

The top 3 debt holdings of Mahindra Manulife Liquid Fund are as follows

Holding Name	Percentage of Portfolio
Reserve Bank of India	14.86%
National Bank For Agriculture & Rural Development	7.55%
Small Industries Devp. Bank of India Ltd.	7.53%

What is the quality of borrowers this mutual fund scheme lends to?

The credit rating of the instruments in which the fund invests represents the quality of the borrower.

The Mahindra Manulife Liquid Fund allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
A1+	75.71%
SOV	18.67%
AAA	3.81%

What is risk level of Mahindra Manulife Liquid Fund?

This is a Liquid fund comes with Moderate risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How do I invest in Mahindra Manulife Liquid Fund?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. It is just a matter of a few minutes. Here's how:

For the Desktop Version:

Click on the "Invest Now" button at the top right, then scan the QR code to download the app.

For the Mobile Version:

Click on the "Invest on App" button at the bottom to download the app.
Once the app is downloaded:
Sign-up and complete your one time KYC process, or log in if you're already registered.
Search for Mahindra Manulife Liquid Fund and choose the investment mode (Lump sum investment or a SIP). Then, enter your investment amount.
Fill in additional required details, including the bank account you'll use for payment, and confirm.

All set! Your investment in Mahindra Manulife Liquid Fund is complete.

How can I redeem my investments in Mahindra Manulife Liquid Fund?

Redeeming your investments in Mahindra Manulife Liquid Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.

If you have invested in Mahindra Manulife Liquid Fund from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

in Liquid

#NA

Return Consistency: This fund is one of the best in generating consistent return in it's category.
Return/Risk: The fund is performing poorly than its category.
Exit Load: Exit load of 0.0070% if redeemed within 1 day, 0.0065% if redeemed within 2 days, 0.0060% if redeemed within 3 days, 0.0055% if redeemed within 4 days, 0.0050% if redeemed within 5 days, 0.0045% if redeemed within 6 days.