Mahindra Manulife Liquid Fund

Q: What are the returns of this mutual fund scheme?

The Mahindra Manulife Liquid Fund is a 9 yrs 6 m old fund and has delivered average annual returns of 6.05% since inception. Mahindra Manulife Liquid Fund Returns 1-Year 3-Year 5-Year Since Inception 6.32% 6.93% 5.85% 6.05%

Q: How much does this mutual fund charge as expense ratio?

The Mahindra Manulife Liquid Fund has an expense ratio of 0.26% , representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

NAV as of Feb 02, 2026	Returns since inception	ET Money Rank	AUM (Fund size)
₹1757.147+0.02% 1 day change	6.05% p.a.	App exclusive #NA View Ranked Funds	₹1,216 Cr

Historical NAV & returns

NAV: ₹1757.147 as on Feb 02, 2026

This fund Category average

Mahindra Manulife Liquid Fund overview

AUM (Fund size)	₹1,216 Cr
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.!
Lock-in Period	Nil
Age	9 yrs 6 m since Jul 04, 2016
Benchmark	CRISIL Liquid Debt A-I Index
Min. investment	SIP: ₹500 & Lumpsum: ₹5000
Expense ratio	0.26% as on Feb 02, 2026
Plan type	Regular
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 Feb 03, 2026

Period	This fund	Category average
1 Month	0.43%	0.44%
3 Months	1.41%	1.27%
6 Months	2.87%	2.69%
1 Year	6.32%	6.09%
2 Years	6.83%	6.65%
3 Years	6.93%	6.76%
4 Years	6.48%	6.32%
5 Years	5.85%	5.69%
7 Years	5.69%	5.49%

Asset allocationas on Dec 31, 2025

Large Cap 0%

Mid Cap 0%

Small Cap 0%

Other Cap 0%

Top holdings

Bifurcation by Holding is not available for this fund

Top sectors

Bifurcation by Sector is not available for this fund

A1+ 75.38%

SOV 12.84%

Cash & Call Money 9.45%

AAA 2.06%

Top Debt Holdings

Reserve Bank of India 12.84%

Godrej Industries Ltd. 6.16%

Motilal Oswal Financial Services Ltd. 6.12%

National Bank For Agriculture & Rural Development 6.12%

Allocation by Instruments

Commercial Paper 42.839999999999996%

Certificate of Deposit 32.53999999999999%

Treasury Bills 12.84%

Reverse Repo 9.32%

Other Holdings

Others 9.32%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
Mahindra Manulife Liquid Fund	0.43%	2.87%	6.32%	6.93%	5.85%	N.A.
Canara Robeco Liquid Fund	0.42%	2.85%	6.35%	6.94%	5.84%	6.01%
Mirae Asset Liquid Fund	0.42%	2.85%	6.3%	6.91%	5.83%	6.06%
Bank of India Liquid Fund	0.45%	2.9%	6.4%	6.99%	5.89%	6.12%
JM Liquid Fund	0.43%	2.82%	6.24%	6.83%	5.78%	6.09%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Mahindra Manulife Liquid Fund	0.19	0.22	3.05	4.5
Canara Robeco Liquid Fund	0.2	0.24	2.89	4.16
Mirae Asset Liquid Fund	0.2	0.23	2.79	4.37
Bank of India Liquid Fund	0.19	0.21	3.36	5.0
JM Liquid Fund	0.18	0.21	2.66	3.59

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Mahindra Manulife Liquid Fund	N.A.	1,216 Cr	9 yrs 6 m	0.26%
Canara Robeco Liquid Fund	N.A.	5,149 Cr	17 yrs 6 m	0.15%
Mirae Asset Liquid Fund	N.A.	15,757 Cr	17 yrs	0.19%
Bank of India Liquid Fund	N.A.	1,107 Cr	17 yrs 6 m	0.14%
JM Liquid Fund	N.A.	2,285 Cr	28 yrs 1 m	0.26%

View all Liquid funds

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

Alpha	0.98 vs. 2.81 Underperformed at beating benchmark
Sharpe	3.05 vs. 2.63 Better risk-adjusted return
Beta	0.22 vs. 1.66 Less sensitive to market ups & downs
Standard deviation	0.19 vs. 0.16 More volatile performance

Compare Mahindra Manulife Liquid Fund in detail with

About this fund

About Mahindra Manulife Liquid Fund

Mahindra Manulife Liquid Fund is a Liquid mutual fund scheme from Mahindra Manulife Mutual Fund. This fund has been in existence for 9 yrs 6 m, having been launched on 04/07/2016. Mahindra Manulife Liquid Fund has ₹1,216 Crores worth of assets under management (AUM) as on 31/12/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Mahindra Manulife Liquid Fund as of 02/02/2026 is ₹1757.15. The fund has an expense ratio of 0.26%, which is higher than what most other Liquid funds charge.

Mahindra Manulife Liquid Fund returns of last 1-year are 6.34%. Since launch, it has delivered 6.05% average annual returns.
Mahindra Manulife Liquid Fund scheme's ability to deliver returns consistently is higher than most funds of its category. Its ability to control losses in a falling market is above average.
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, Godrej Industries Ltd., Motilal Oswal Financial Services Ltd., National Bank For Agriculture & Rural Development, Tata Housing Devp. Co. Ltd.

...

Fund AUM	1,216 Cr as on Dec 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	25 view all schemes
Total AUM	32,930 Cr as on Dec 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	1Y	3Y
Mahindra Manulife Ultra Short Duration Fund	N.A.	219 Cr	6.46%	6.9%
Mahindra Manulife Short Duration Fund	N.A.	98 Cr	6.34%	6.87%
Mahindra Manulife Low Duration Fund	N.A.	599 Cr	6.51%	6.79%
Mahindra Manulife Dynamic Bond Fund	N.A.	86 Cr	4.95%	6.38%
Mahindra Manulife Overnight Fund	N.A.	85 Cr	5.58%	6.27%

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 plan is approximately ₹1757.147 as of Feb 02, 2026.

What are the returns of this mutual fund scheme?

The Mahindra Manulife Liquid Fund is a 9 yrs 6 m old fund and has delivered average annual returns of 6.05% since inception.

Mahindra Manulife Liquid Fund Returns

1-Year	3-Year	5-Year	Since Inception
6.32%	6.93%	5.85%	6.05%

How much does this mutual fund charge as expense ratio?

The Mahindra Manulife Liquid Fund has an expense ratio of 0.26%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

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 1,216 Cr as on Dec 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	12.84%
Godrej Industries Ltd.	6.16%
Motilal Oswal Financial Services Ltd.	6.12%

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+	75.38%
SOV	12.84%
Cash & Call Money	9.45%

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 can I redeem my investments in Mahindra Manulife Liquid Fund?

Redeeming your investments in the Mahindra Manulife Liquid Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

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

ET Money rank

App exclusive

in Liquid

#NA

Return Consistency: This fund is one of the best in generating consistent return in it's category.
Volatility Protection: This fund is one of the best in protecting against volatility 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.