Mahindra Manulife Ultra Short Duration Fund

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

The Mahindra Manulife Ultra Short Duration Fund is a 6 yrs 3 m old fund and has delivered average annual returns of 5.73% since inception. Mahindra Manulife Ultra Short Duration Fund Returns 1-Year 3-Year 5-Year Since Inception 6.46% 6.9% 5.75% 5.73%

NAV as of Feb 02, 2026	Returns since inception	ET Money Rank	AUM (Fund size)
₹1420.9022+0.05% 1 day change	5.73% p.a.	App exclusive #NA View Ranked Funds	₹219 Cr

Historical NAV & returns

NAV: ₹1420.9022 as on Feb 02, 2026

This fund Category average

Mahindra Manulife Ultra Short Duration Fund overview

AUM (Fund size)	₹219 Cr
Exit load	0%
Lock-in Period	Nil
Age	6 yrs 3 m since Oct 10, 2019
Benchmark	CRISIL Ultra Short Duration Debt A-I Index
Min. investment	SIP: ₹500 & Lumpsum: ₹1000
Expense ratio	0.7% as on Feb 02, 2026
Plan type	Regular
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 Feb 03, 2026

Period	This fund	Category average
1 Month	0.25%	0.28%
3 Months	1.18%	1.09%
6 Months	2.57%	2.51%
1 Year	6.46%	6.36%
2 Years	6.85%	6.76%
3 Years	6.9%	6.79%
4 Years	6.34%	6.25%
5 Years	5.75%	5.67%

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

AAA 40.59%

A1+ 24.41%

AA+ 13.76%

Cash & Call Money 10.71%

Top Debt Holdings

Small Industries Devp. Bank of India Ltd. 8.25%

REC Ltd. 8.25%

Canara Bank 7.78%

360 ONE Wealth Ltd. 5.73%

Allocation by Instruments

Non Convertible Debenture 31.2%

Certificate of Deposit 17.64%

Debenture 17.419999999999998%

Floating Rate Bond 9.16%

Other Holdings

Others 8.08%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
Mahindra Manulife Ultra Short Duration Fund	0.25%	2.57%	6.46%	6.9%	5.75%	N.A.
Mirae Asset Ultra Short Duration Fund	0.25%	2.75%	6.81%	7.22%	6.03%	3.07%
ICICI Prudential Ultra Short Term Fund	0.28%	2.74%	6.8%	7.07%	6.02%	6.89%
WhiteOak Capital Ultra Short Duration Fund	0.2%	2.35%	6.02%	6.44%	5.5%	3.43%
Baroda BNP Paribas Ultra Short Duration Fund	0.25%	2.65%	6.65%	7.12%	6.07%	4.77%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Mahindra Manulife Ultra Short Duration Fund	0.31	0.47	1.76	2.07
Mirae Asset Ultra Short Duration Fund	0.32	0.49	2.67	3.21
ICICI Prudential Ultra Short Term Fund	0.31	0.45	2.24	3.18
WhiteOak Capital Ultra Short Duration Fund	0.31	0.48	0.34	0.4
Baroda BNP Paribas Ultra Short Duration Fund	0.33	0.49	2.32	2.9

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Mahindra Manulife Ultra Short Duration Fund	N.A.	219 Cr	6 yrs 3 m	0.7%
Mirae Asset Ultra Short Duration Fund	N.A.	2,067 Cr	5 yrs 4 m	0.46%
ICICI Prudential Ultra Short Term Fund	N.A.	16,907 Cr	14 yrs 9 m	0.79%
WhiteOak Capital Ultra Short Duration Fund	N.A.	574 Cr	6 yrs 8 m	1.02%
Baroda BNP Paribas Ultra Short Duration Fund	N.A.	765 Cr	7 yrs 8 m	0.49%

View all Ultra Short Duration funds

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

Alpha	1.43 vs. 2.31 Underperformed at beating benchmark
Sharpe	1.76 vs. 2.34 Poor risk-adjusted returns
Beta	0.47 vs. 1.0 Less sensitive to market ups & downs
Standard deviation	0.31 vs. 0.25 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 is a Ultra Short Duration mutual fund scheme from Mahindra Manulife Mutual Fund. This fund has been in existence for 6 yrs 3 m, having been launched on 10/10/2019. Mahindra Manulife Ultra Short Duration Fund has ₹219 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 Ultra Short Duration Fund as of 02/02/2026 is ₹1420.90. The fund has an expense ratio of 0.7%, which is higher than what most other Ultra Short Duration funds charge.

Mahindra Manulife Ultra Short Duration Fund returns of last 1-year are 6.48%. Since launch, it has delivered 5.73% average annual returns.
Mahindra Manulife Ultra Short Duration Fund 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 Small Industries Devp. Bank of India Ltd., REC Ltd., Canara Bank, 360 ONE Wealth Ltd., HDFC Bank Ltd..

...

Fund AUM	219 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 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	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 Liquid Fund	N.A.	1,216 Cr	6.32%	6.93%
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 Ultra Short Duration Fund?

The current Net Asset Value (NAV) of the Mahindra Manulife Ultra Short Duration Fund plan is approximately ₹1420.9022 as of Feb 02, 2026.

What are the returns of this mutual fund scheme?

The Mahindra Manulife Ultra Short Duration Fund is a 6 yrs 3 m old fund and has delivered average annual returns of 5.73% since inception.

Mahindra Manulife Ultra Short Duration Fund Returns

1-Year	3-Year	5-Year	Since Inception
6.46%	6.9%	5.75%	5.73%

How much does this mutual fund charge as expense ratio?

The Mahindra Manulife Ultra Short Duration Fund has an expense ratio of 0.7%, 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 Ultra Short Duration Fund currently has assets under management (AUM) or fund size valued at approximately 219 Cr as on Dec 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
Small Industries Devp. Bank of India Ltd.	8.25%
REC Ltd.	8.25%
Canara Bank	7.78%

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	40.59%
A1+	24.41%
AA+	13.76%

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

Redeeming your investments in the Mahindra Manulife Ultra Short Duration 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 Ultra Short Duration

#NA

Volatility Protection: This fund is one of the best in protecting against volatility in it's category.
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.