Investment Objective and Approach

The investment objective of the Scheme is 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.

An open ended ultra-short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 to 6 months. The fund follows an actively managed approach to generate optimal returns while maintaining low duration risk.

The fund primarily invests in debt and money market securities including:

- Commercial papers

- Certificate of deposits

- Corporate bonds

- Government securities

- Money market instruments

This strategy aims to provide better returns than traditional savings accounts while maintaining relatively lower risk compared to longer duration debt funds.

Fund Managers

The fund is managed by experienced professionals who bring deep expertise in fixed income management:

Mr. Rahul Pal - Mr. Rahul Pal is the CIO of Fixed Income at MMIMPL. Previously, he was associated with Taurus AMC as 'CIO of Fixed Income' and Sundaram AMC as 'Fund Manager of Fixed Income.' 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.

Mr. Amit Garg - Mr Amit Garg is managing the scheme since June 8, 2020. With an experience of over 17 years, Mr Amit Garg has been working in the Fixed Income field successfully. Prior to joining Mahindra Manulife Mutual Funds, he was associated with Daiwa Asset Management (India) Pvt. Ltd. and Darashaw & Co. Private Limited. He has done MMS in Finance and is also a Chartered Financial Analyst (CFA).

About the Fund House (AMC)

The joint venture of Mahindra & Mahindra Financial Services Limited and Manulife Investment Management (Singapore) Pte. Ltd. brings together Mahindra's domestic market strength and track record of successfully building businesses focused on meeting customer needs and Manulife's global wealth and asset management capabilities and richness of experience in servicing the needs of Asian consumers across developed and developing markets.

Key highlights of Mahindra Manulife Mutual Fund:

- According to the latest available financial data, Mahindra Manulife Mutual Funds has an AUM of over Rs 19091.98 crore (as on Mar 2024)

- The Company got a registration certificate from the SEBI on February 4, 2016, to provide investment management services to Mahindra Manulife Mutual Fund schemes

- Mahindra Manulife Investment Management Pvt. Ltd.'s headquarters is located in 570 P. B. Marg, Worli, Mumbai 400018

- Mahindra & Mahindra Financial Services Limited (Mahindra Finance) holds a 51% stake in Mahindra Manulife Mutual Fund, with Manulife Investment Management (Singapore) Pte. Ltd. (MIMS) holding the remaining 49%

The fund house focuses on offering wide variety of investment solutions pan-India, with focus on semi-urban areas.

Should I Invest in Mahindra Manulife Ultra Short Duration Fund?

This fund may be suitable for investors who:

Investment Suitability:

- Seek better returns than traditional savings accounts

- Want to park surplus funds for 3-6 months duration

- Prefer lower interest rate risk compared to longer duration debt funds

- Need liquidity with relatively stable returns

- Are conservative investors looking for debt exposure with minimal duration risk

Key Investment Details:

- Minimum SIP Investment is set to ₹500. Minimum Lumpsum Investment is ₹1,000

- The AUM of Mahindra Manulife Ultra Short Duration Fund - Regular Plan - Growth is Rs 229.27 Crs (as of December 2024)

- This fund has an expense ratio of 1.37%

- Mahindra Manulife Ultra Short Duration Fund - Regular Plan - Growth trailing returns over different times are 7.37% (1 year), 6.1% (3 year), 5.53% (5 year)

Risk Considerations:

- The Mahindra Manulife Ultra Short Duration Fund Direct Growth is rated Moderately Low risk

- Interest rate risk exists but is lower due to shorter duration

- Credit risk from underlying securities

- Liquidity risk during market stress

The fund is ideal for investors seeking a balance between returns and safety with short investment horizons.

FAQs

What is today's NAV of Mahindra Manulife Ultra Short Duration Fund?

The latest NAV of Mahindra Manulife Ultra Short Duration Fund - Regular Plan - Growth as of 06-12-2024 is 1320.8999. NAV changes daily based on market conditions.

What is the AUM of Mahindra Manulife Ultra Short Duration Fund?

The AUM of Mahindra Manulife Ultra Short Duration Fund - Regular Plan - Growth is Rs 229.27 Crs as of December 2024, indicating healthy investor interest.

What is the expense ratio of Mahindra Manulife Ultra Short Duration Fund?

This fund has an expense ratio of 1.37%, which covers fund management and operational expenses.

What are the returns of Mahindra Manulife Ultra Short Duration Fund since inception?

Mahindra Manulife Ultra Short Duration Fund - Regular Plan - Growth trailing returns over different times are 7.37% (1 year), 6.1% (3 year), 5.53% (5 year).

What is the minimum SIP amount to invest in Mahindra Manulife Ultra Short Duration Fund?

Minimum SIP Investment is set to ₹500 making it accessible for regular systematic investments.

How do I invest in Mahindra Manulife Ultra Short Duration Fund?

You can invest through Allvest's platform online by completing KYC, selecting the fund, and choosing between SIP or lump sum investment options.

How to start a SIP in Mahindra Manulife Ultra Short Duration Fund?

Visit Allvest platform, select the fund, choose 'SIP' option, set your monthly investment amount (minimum ₹500), and set up auto-debit for hassle-free investing.

How do I automate an SIP in Mahindra Manulife Ultra Short Duration Fund?

Through Allvest, you can set up auto-debit via bank mandate or UPI for seamless monthly SIP investments without manual intervention.

How can I withdraw/redeem my investment in Mahindra Manulife Ultra Short Duration Fund?

You can redeem your investment through Allvest platform by selecting the fund and choosing partial or full redemption option. Redemption proceeds are typically credited within 1-3 business days.