May 13, 2023
mayank
Mahindra Manulife Short Duration Fund
NAV Growth: Rs 11.1853
NAV IDCW: Rs 10.7767
Suitable For Which Investors?
“Short Duration debt funds invest mainly in bonds maturing in a period of one to three years. They are suitable for investment horizons of one to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.
The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit. There have been instances when short duration funds have incurred losses.
Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run.”
Fund’s Investment Strategy:
The scheme seeks to generate income and capital appreciation through an actively managed diversified portfolio of Debt & Money Market instruments such that the Macaulay duration of the portfolio is between 1 year to 3 years.
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) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details
| Fund House | Mahindra Manulife Mutual Fund |
| Launch Date | 23-Feb-21 |
| Return Since Launch | 5.19% |
| Benchmark | CRISIL Short Duration Debt B-II Index |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 48 Cr |
| (As on 30-Apr-2023) | |
| Expense | 0.29% |
| (As on 31-Mar-2023) | |
| Risk Grade | Average |
| Return Grade | Average |
Mahindra Manulife Short Duration Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Mahindra Manulife SD Dir | 3.07 | 0.06 | 0.80 | 2.40 | 3.99 | 6.80 | — | — | — | — |
| CCIL T Bill Liquidity Weight | 1.46 | 0.03 | 0.37 | 1.10 | 2.08 | 3.55 | — | — | — | — |
| Debt: Short Duration | 3.01 | 0.06 | 0.76 | 2.32 | 3.90 | 7.03 | — | — | — | — |
| Rank within category | 11 | 15 | 12 | 10 | 10 | 13 | — | — | — | — |
| Number of funds in category | 26 | 27 | 27 | 26 | 26 | 25 | 23 | 21 | 20 | 19 |
Mahindra Manulife Short 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 Manulife SD Dir | 3 star | 6.80 | — | — | 0.29 | 48 | 5.19 | — | 2yrs 2mo |
| ICICI Pru ST Dir | 4 star | 8.04 | 7.10 | 8.04 | 0.40 | 16,489 | 8.59 | — | 10yrs 4mo |
| Axis Short Term Dir | 4 star | 7.13 | 6.34 | 7.64 | 0.30 | 6,805 | 8.22 | — | 10yrs 4mo |
| Nippon Ind ST Dir | 4 star | 6.97 | 6.47 | 7.52 | 0.34 | 5,533 | 8.15 | — | 10yrs 4mo |
| ABSL Short Term Dir | 4 star | 7.35 | 7.46 | 7.84 | 0.38 | 4,947 | 8.73 | — | 10yrs 4mo |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 11 | 40 |
| Modified Duration (yrs) | 2.15 | 2.14 |
| Average Maturity (yrs) | 2.72 | 2.81 |
| Yield to Maturity (%) | 7.30 | 7.41 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For Mahindra Manulife Short Duration Fund
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