April 25, 2023
mayank
Mahindra Manulife Liquid Fund
NAV Growth: Rs 1,471.4854
NAV IDCW Weekly: Rs 1,003.7100
NAV IDCW Daily: Rs 1,035.7581
Suitable For Which Investors?
“Liquid funds invest in bonds having maturity of up to three months. They are suitable to park the amount you have set aside to meet any emergency needs or any surplus money that you don’t need for a few weeks up to a year. You can expect to earn better returns than what you would get from a bank account.
The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital. Though rare, there have been few instances when liquid funds have incurred losses.
Remember, these funds are geared to deliver only marginally higher returns than your bank account. They deliver steady, but low returns and are not suitable to build wealth in the long run.”
Fund’s Investment Strategy:
The scheme seeks to deliver reasonable market related returns with lower risk and higher liquidity through a portfolio 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.
2) Amit Garg
Education: Mr Garg is a B.Com, MMS Finance, CFA
Experience: Prior to joining Mahindra Manulife Investment Management Pvt. Ltd., he has worked with Darashaw & Co. and Daiwa Asset Management (India) Pvt. Ltd.
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 |
| 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. |
Basic Details
| Fund House | Mahindra Manulife Mutual Fund |
| Launch Date | 04-Jul-16 |
| Return Since Launch | 5.84% |
| Benchmark | CRISIL Liquid Debt B-I Index |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 370 Cr |
| (As on 31-Mar-2023) | |
| Expense | 0.13% |
| (As on 31-Mar-2023) | |
| Risk Grade | — |
| Return Grade | High |
Mahindra Manulife Liquid Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Mahindra Mnulife Liquid Dir | 2.17 | 0.02 | 0.63 | 1.75 | 3.44 | 6.04 | 4.39 | 5.41 | — | — |
| CCIL T Bill Liquidity Weight | 1.26 | 0.03 | 0.44 | 1.03 | 2.06 | 3.21 | 2.52 | 3.25 | — | — |
| Debt: Liquid | 2.14 | 0.02 | 0.63 | 1.72 | 3.39 | 5.92 | 4.27 | 5.27 | — | — |
| Rank within category | 10 | 19 | 21 | 12 | 11 | 2 | 2 | 2 | — | — |
| Number of funds in category | 36 | 36 | 36 | 36 | 36 | 36 | 35 | 31 | 30 | 29 |
Mahindra Manulife Liquid 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 Liquid Dir | 5 star | 6.04 | 4.39 | 5.41 | 0.13 | 370 | 5.84 | 0.01 (1) | 6yrs 9mo |
| ABSL Liquid Dir | 4 star | 6.06 | 4.38 | 5.39 | 0.21 | 28,810 | 6.86 | 0.01 (1) | 10yrs 3mo |
| Axis Liquid Dir | 4 star | 6.02 | 4.32 | 5.35 | 0.15 | 21,367 | 6.81 | 0.01 (1) | 10yrs 3mo |
| UTI Liquid Cash Dir | 4 star | 6.01 | 4.33 | 5.33 | 0.14 | 20,696 | 6.78 | 0.01 (1) | 10yrs 3mo |
| HSBC Liquid Dir | 4 star | 6.01 | 4.31 | 5.31 | 0.12 | 9,029 | 6.77 | 0.01 (1) | 10yrs 3mo |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 16 | 45 |
| Modified Duration (yrs) | 0.13 | 0.12 |
| Average Maturity (yrs) | 0.13 | 0.12 |
| Yield to Maturity (%) | 7.36 | 7.14 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For Mahindra Manulife Liquid Fund
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