Mahindra Manulife Ultra Short Duration Fund
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.
Growthvine rating: 2/5 — ranked #20 of 31 in category.
Fund basics
| Category | Debt: Ultra Short Duration |
|---|---|
| NAV | ₹1473.34 (as of 2026-08-21) |
| AUM | ₹205 Cr |
| Expense ratio | 0.62% |
| Riskometer | Low to Moderate |
| Fund manager | Rahul Pal |
| Exit load | 0 |
Performance & risk
| 5-year annualised return | 6.08% |
|---|---|
| Sharpe ratio | 2.19 |
| Standard deviation | 0.41% |
| Max drawdown | -0.51% |
| Alpha | 0 |
| Beta | 0 |
Over 5 years, captured 89.4% of NIFTY Ultra Short Duration Debt Index's upside and — of its downside.
Market cap allocation
Concentration
Top holdings
Not disclosed.
Top sectors
Not disclosed.
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|---|---|---|
| 2026 (partial) | 4.0% | Q2 | #9 of 30 |
| 2025 | 6.8% | Q2 | #12 of 25 |
| 2024 | 7.3% | Q2 | #10 of 24 |
| 2023 | 6.9% | Q2 | #9 of 24 |
| 2022 | 4.4% | Q2 | #12 of 23 |