April 25, 2023
mayank
Mahindra Manulife Low Duration Fund
NAV Growth: Rs 1,483.4874
NAV IDCW Weekly: Rs 1,030.4139
NA V IDCW Monthly: Rs 1,141.0550
Suitable For Which Investors?
“Low Duration debt funds invest in bonds maturing in six months to a year. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital. Retail investors can avoid these funds altogether.
Here’s why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there’s a different category of funds that invests in bonds of up to three months maturity, from the one that invests in bonds maturing in three to six months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don’t need for up to a year in a Liquid fund.”
Fund’s Investment Strategy:
The Scheme seeks to provide reasonable returns commensurate with a low to moderate level of risk and high degree of liquidity, through a portfolio constituted of money market and debt instruments.
Fund Manager:
1) Rahul Pal
Education: Mr. Pal is a B.Com (H) and Chartered Accountant.
Experience: Prior to joining Mahindra Manulife Mutual Fund, he has worked with Taurus AMC, Sundaram Mutual Fund and IDBI Mutual Fund.
Investment Details
| Min. Investment (Rs) | 1,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | 1 |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details
| Fund House | Mahindra Manulife Mutual Fund |
| Launch Date | 15-Feb-17 |
| Return Since Launch | 6.58% |
| Benchmark | CRISIL Low Duration Debt B-I Index |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 345 Cr |
| (As on 31-Mar-2023) | |
| Expense | 0.37% |
| (As on 31-Mar-2023) | |
| Risk Grade | Low |
| Return Grade | Average |
Mahindra Manulife Low Duration Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Mahindra Mnulife Low Duration Dir | 2.41 | 0.06 | 0.84 | 1.96 | 3.84 | 5.85 | 5.30 | 6.44 | — | — |
| CCIL T Bill Liquidity Weight | 1.26 | 0.03 | 0.44 | 1.03 | 2.06 | 3.21 | 2.52 | 3.25 | — | — |
| Debt: Low Duration | 2.39 | 0.06 | 0.84 | 1.96 | 3.80 | 5.80 | 5.91 | 5.98 | — | — |
| Rank within category | 10 | 8 | 16 | 10 | 8 | 9 | 15 | 9 | — | — |
| Number of funds in category | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 20 | 18 |
Mahindra Manulife Low Duration Fund Peer Comparison
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | |
| Mahindra Mnulife Low Duration Dir | 3 star | 5.85 | 5.30 | 6.44 | 0.37 | 345 | 6.58 | — | 6yrs 2mo |
| HDFC Low Duration Dir | 4 star | 6.01 | 6.09 | 6.80 | 0.43 | 13,355 | 7.67 | — | 10yrs 3mo |
| ABSL Low Duration Dir | 4 star | 6.18 | 6.06 | 7.07 | 0.39 | 10,045 | 8.03 | — | 10yrs 3mo |
| Nippon Ind Low Duration Dir | 4 star | 5.88 | 5.88 | 6.56 | 0.37 | 5,689 | 7.65 | — | 10yrs 3mo |
| Axis Treasury Advtg Dir | 4 star | 5.91 | 5.57 | 6.69 | 0.29 | 4,890 | 7.70 | — | 10yrs 3mo |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 33 | 57 |
| Modified Duration (yrs) | 0.74 | 0.79 |
| Average Maturity (yrs) | 0.82 | 1.28 |
| Yield to Maturity (%) | 7.80 | 7.71 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For Mahindra Manulife Low Duration Fund
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