Mahindra Manulife Ultra Short Duration Fund Direct - Growth

Q: What are the returns of Mahindra Manulife Ultra Short Duration Fund?

The Mahindra Manulife Ultra Short Duration Fund is a 5 yrs 6 m old fund and has delivered average annual returns of 6.16% since inception. Mahindra Manulife Ultra Short Duration Fund Returns 1-Year 3-Year 5-Year Since Inception 7.9% 7.1% 6.05% 6.16%

NAV as of Apr 23, 2025	Returns since inception	ET Money Rank	VRO Ratings
₹1391.3195+0.03% 1 day change	6.16% p.a.	#NA View Ranked Funds	4

Historical NAV & returns

NAV: ₹1391.3195 as on Apr 23, 2025

This fund Category average

Mahindra Manulife Ultra Short Duration Fund overview

VRO rating	4
Expense ratio	0.27% as on Mar 31, 2025
Exit load	0%
AUM (Fund size)	₹217 Crs
Lock-in	No Lockin
Age	5 yrs 6 m since Oct 10, 2019
Benchmark	CRISIL Ultra Short Duration Debt A-I Index
Min. investment	SIP ₹500 & Lump. ₹1000
Risk	Low to Moderate
Tax on your gains	Profits are added to your income and taxed as per your slab rate

Mahindra Manulife Ultra Short Duration 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 Apr 24, 2025

Period	This fund	Category average
1 month	0.89%	0.91%
3 months	2.16%	2.16%
6 months	3.98%	3.96%
1 year	7.9%	7.8%
3 years	7.1%	7.01%
5 years	6.05%	6.02%

Asset allocationas on Mar 31, 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

AAA 35.55%

A1+ 26.77%

AA+ 16.58%

Cash & Call Money 13.25%

Top Debt Holdings

Axis Bank Ltd. 6.76%

Kotak Mahindra Bank Ltd. 6.61%

Small Industries Devp. Bank of India Ltd. 4.6%

Muthoot Finance Ltd. 4.6%

Allocation by Instruments

Debenture 34.1%

Certificate of Deposit 22.21%

Non Convertible Debenture 14.9%

Repo 8.65%

Other Holdings

Others 1.86%

Peer comparison

Fund name	ETM Rank	AUM (in Crs.)	Fund age	Expense ratio
Mahindra Manulife Ultra Short Duration Fund	N.A.	₹217 Crs	5 yrs 6 m	0.27%
ICICI Prudential Ultra Short Term Fund	N.A.	₹12,674 Crs	12 yrs 3 m	0.39%
Axis Ultra Short Duration Fund	N.A.	₹4,801 Crs	6 yrs 7 m	0.36%
Sundaram Ultra Short Duration Fund	N.A.	₹1,723 Crs	12 yrs 3 m	0.24%
WhiteOak Capital Ultra Short Duration Fund	N.A.	₹395 Crs	5 yrs 11 m	0.43%
Tata Ultra Short Term Fund	N.A.	₹3,938 Crs	6 yrs 3 m	0.26%

Fund name	1M	6M	1Y	3Y	5Y	10Y
Mahindra Manulife Ultra Short Duration Fund	0.89%	3.98%	7.9%	7.1%	6.05%	N.A.
ICICI Prudential Ultra Short Term Fund	0.95%	4.04%	7.93%	7.23%	6.53%	7.76%
Axis Ultra Short Duration Fund	0.95%	4.05%	8.01%	7.25%	6.25%	4.42%
Sundaram Ultra Short Duration Fund	0.93%	4.01%	7.89%	7.16%	5.97%	6.25%
WhiteOak Capital Ultra Short Duration Fund	0.87%	3.85%	7.59%	6.83%	5.74%	3.36%
Tata Ultra Short Term Fund	0.94%	4.09%	8.01%	7.19%	6.06%	3.93%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Mahindra Manulife Ultra Short Duration Fund	0.45	0.97	1.35	1.2
ICICI Prudential Ultra Short Term Fund	0.42	0.9	1.7	1.76
Axis Ultra Short Duration Fund	0.44	0.97	1.67	1.57
Sundaram Ultra Short Duration Fund	0.4	0.87	1.63	1.64
WhiteOak Capital Ultra Short Duration Fund	0.4	0.88	0.91	0.86
Tata Ultra Short Term Fund	0.44	0.96	1.55	1.47

View all Ultra Short Duration funds

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

Alpha	2.62 vs. 3.16 Underperformed at beating benchmark
Sharpe	1.35 vs. 3.27 Poor risk-adjusted returns
Beta	0.97 vs. 0.97 Less sensitive to market ups & downs
Standard deviation	0.45 vs. 0.42 More volatile performance

Compare Mahindra Manulife Ultra Short Duration Fund in detail with

About this fund

About Mahindra Manulife Ultra Short Duration Fund

Mahindra Manulife Ultra Short Duration Fund Direct - Growth is a Ultra Short Duration mutual fund scheme from Mahindra Manulife Mutual Fund. This fund has been in existence for 5 yrs 6 m, having been launched on 10/10/2019. Mahindra Manulife Ultra Short Duration Fund Direct - Growth has ₹217 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 Ultra Short Duration Fund Direct - Growth as of 23/04/2025 is ₹1391.32. The fund has an expense ratio of 0.27%, which is close to what most other Ultra Short Duration funds charge.

Mahindra Manulife Ultra Short Duration Fund Direct - Growth returns of last 1-year are 7.92%. Since launch, it has delivered 6.16% average annual returns.
Mahindra Manulife Ultra Short Duration 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 average.
The fund's credit profile is moderate indicating it has lent to borrowers whose quality is good. 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 Axis Bank Ltd., Kotak Mahindra Bank Ltd., Small Industries Devp. Bank of India Ltd., Muthoot Finance Ltd., National Bank For Agriculture & Rural Development.

...

Fund AUM	₹217 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 generate regular income and capital appreciation through investment in a portfolio of short term debt & money market instruments such that the Macaulay duration of the portfolio is between 3 - 6 months.

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.	₹78 Crs	11.74%	8.02%
Mahindra Manulife Short Duration Fund	N.A.	₹75 Crs	9.97%	7.63%
Mahindra Manulife Low Duration Fund	N.A.	₹557 Crs	8.43%	7.29%
Mahindra Manulife Liquid Fund	N.A.	₹1,026 Crs	7.38%	6.94%
Mahindra Manulife Overnight Fund	N.A.	₹76 Crs	6.58%	6.35%

See all Debt funds from this AMC

Frequently asked questions

What is the current NAV of Mahindra Manulife Ultra Short Duration Fund?

The current Net Asset Value (NAV) of the Mahindra Manulife Ultra Short Duration Fund - Direct Growth plan is approximately ₹1391.3195 as of Apr 23, 2025.

What are the returns of this mutual fund scheme?

The Mahindra Manulife Ultra Short Duration Fund is a 5 yrs 6 m old fund and has delivered average annual returns of 6.16% since inception.

Mahindra Manulife Ultra Short Duration Fund Returns

1-Year	3-Year	5-Year	Since Inception
7.9%	7.1%	6.05%	6.16%

How much does this mutual fund charge as expense ratio?

The Mahindra Manulife Ultra Short Duration Fund - Direct Growth has an expense ratio of 0.27%, 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 Ultra Short Duration Fund currently has assets under management (AUM) or fund size valued at approximately ₹217 Crs crore as of Mar 31, 2025.

To whom does Mahindra Manulife Ultra Short Duration Fund lend to?

The top 3 debt holdings of Mahindra Manulife Ultra Short Duration Fund are as follows

Holding Name	Percentage of Portfolio
Axis Bank Ltd.	6.76%
Kotak Mahindra Bank Ltd.	6.61%
Small Industries Devp. Bank of India Ltd.	4.6%

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 Ultra Short Duration Fund allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
AAA	35.55%
A1+	26.77%
AA+	16.58%

What is risk level of Mahindra Manulife Ultra Short Duration Fund?

This is a Ultra Short Duration fund comes with Low to 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 Ultra Short Duration 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 Ultra Short Duration 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 Ultra Short Duration Fund is complete.

How can I redeem my investments in Mahindra Manulife Ultra Short Duration Fund?

Redeeming your investments in Mahindra Manulife Ultra Short Duration 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 Ultra Short Duration Fund from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

in Ultra Short Duration

#NA

Return Outperformance: This fund has generated highest return amongst Ultra Short Duration funds in the last 5 Years.
Exit Load: This fund has no exit load.
Return/Risk: The fund is performing poorly than its category.