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Mahindra Manulife Ultra Short Duration Fund Direct-idcw Daily
Debt
Low to Moderate Risk
Latest AUM
₹ 196.3 Cr.
NAV as on 03 aug, 2026
₹ 1,256.95
+20.58%
3 years annulised
This Fund
Fund Details
Fund Names
Mahindra Manulife Ultra Short Duration Fund Direct-idcw Daily
Inception Date
17 Oct 2019
Lock In
No Lock-in
SIP Minimum Investment amount
₹500
SWP Minimum Investment amount
₹500
STP Minimum Investment amount
₹500
Risk
Principal at low to moderate risk
Category Average Annual Returns
7.70
Portfolio Composition Analysis
Debt
94.26%
Cash
5.74%
Portfolio Updated on: 06 Jul, 2026
Sector Allocations
Debt
Financial
Real Estate
Diversified
Industrials
Portfolio Updated on: 03 aug, 2026
Top 10 Holdings
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| INDIAN RAILWAY FINANCE CORPORATION LIMITED SR 168 A 7.40 BD 18AP26 FVRS1LAC | Financial | Debenture | 8.65% |
| INDIAN RAILWAY FINANCE CORPORATION LIMITED SR 168 A 7.40 BD 18AP26 FVRS1LAC | Financial | Debenture | 8.69% |
| INDIAN RAILWAY FINANCE CORPORATION LIMITED SR 168 A 7.40 BD 18AP26 FVRS1LAC | Financial | Debenture | 8.54% |
| REC LIMITED SR 225 7.64 BD 30JU26 FVRS1LAC | Financial | Non Convertible Debenture | 8.25% |
| INDIAN RAILWAY FINANCE CORPORATION LIMITED SR 168 A 7.40 BD 18AP26 FVRS1LAC | Financial | Debenture | 9.04% |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA SR I 7.43 BD 31AU26 FVRS1LAC | Financial | Debenture | 8.25% |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA SR I 7.43 BD 31AU26 FVRS1LAC | Financial | Debenture | 9.18% |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA SR I 7.43 BD 31AU26 FVRS1LAC | Financial | Debenture | 9.18% |
| REC LIMITED SR 225 7.64 BD 30JU26 FVRS1LAC | Financial | Non Convertible Debenture | 8.30% |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA SR I 7.43 BD 31AU26 FVRS1LAC | Financial | Debenture | 8.49% |
Debt & Credit Risk Analysis
| Sharpe Ratio | 3.21% |
| Standard Deviation | 0.41% |
| Sortino Ratio | 4.27% |
Returns Analysis
| Tenure | Absolute | Annualised | Category Average |
|---|---|---|---|
| 3 Months | 1.84% | NA | 1.71% |
| 6 Months | 3.56% | NA | 3.90% |
| 9 Months | 4.95% | NA | 5.74% |
| 1 Year | 6.52% | 6.52% | 7.70% |
| 2 Years | 14.88% | 7.18% | 7.59% |
| 3 Years | 23.54% | 7.30% | 7.34% |
| 5 Years | 37.14% | 6.52% | 6.07% |
Mahindra Manulife Ultra Short Duration Fund Direct-idcw Daily is one Debt mutual fund offered by Mahindra Manulife Mutual Fund. Launched on 17 Oct 2019, the fund aims Regular income over short term. Investment in a portfolio of short term debt and money market instruments. It manages assets worth ₹196.3 crore as on Tue Jun 30, 2026. The expense ratio stands at 0.31%.
Amit Garg has experience Prior to joining Mahindra Manulife Investment Management Pvt. Ltd., he has worked with Darashaw & Co. and Daiwa Asset Management (India) Pvt. Ltd.
Rahul Pal has experience Prior to joining Mahindra Manulife Mutual Fund, he has worked with Taurus AMC, Sundaram Mutual Fund and IDBI Mutual Fund.
Top Performing Mutual Funds
| Fund name | |||||||
|---|---|---|---|---|---|---|---|
| UTI Ultra Short Duration Fund Direct-flexi Idcw | 3,146.4 | +0.47% | +1.88% | +3.46% | +6.53% | +7.32% | +7.11% |
| UTI Ultra Short Duration Fund Direct-growth | 3,146.4 | +0.47% | +1.88% | +3.46% | +6.53% | +7.32% | +7.11% |
| UTI Ultra Short Duration Fund Direct-idcw Daily | 3,146.4 | +0.47% | +1.88% | +3.46% | +6.53% | +7.32% | +7.11% |
| UTI Ultra Short Duration Fund Direct-idcw Fortnightly | 3,146.4 | +0.47% | +1.88% | +3.46% | +6.53% | +7.32% | +7.11% |
| UTI Ultra Short Duration Fund Direct-idcw Half Yearly | 3,146.4 | +0.47% | +1.88% | +3.46% | +6.53% | +7.32% | +7.11% |
| UTI Ultra Short Duration Fund Direct-idcw Monthly | 3,146.4 | +0.47% | +1.88% | +3.46% | +6.53% | +7.32% | +7.11% |
| UTI Ultra Short Duration Fund Direct-idcw Quarterly | 3,146.4 | +0.47% | +1.88% | +3.46% | +6.53% | +7.32% | +7.11% |
| UTI Ultra Short Duration Fund Direct-idcw Weekly | 3,146.4 | +0.47% | +1.88% | +3.46% | +6.53% | +7.32% | +7.11% |
| UTI Ultra Short Duration Fund Direct-idcw Yearly | 3,146.4 | +0.47% | +1.88% | +3.46% | +6.53% | +7.32% | +7.11% |
| Nippon India Ultra Short Duration Fund Direct-growth | 10,200.0 | +0.45% | +1.93% | +3.65% | +6.87% | +7.58% | +6.92% |
growth is based on 1-month returns of the funds & Top fund are based on 3Y Returns
More Funds from Mahindra Manulife Mutual Fund
| Fund name | |||||||
|---|---|---|---|---|---|---|---|
| Mahindra Manulife Ultra Short Duration Fund Regular-growth | 196.3 | +0.44% | +1.73% | +3.34% | +6.08% | +6.85% | +6.07% |
| Mahindra Manulife Ultra Short Duration Fund Direct-growth | 196.3 | +0.47% | +1.84% | +3.56% | +6.52% | +7.30% | +6.52% |
| Mahindra Manulife Ultra Short Duration Fund Regular-idcw Daily | 196.3 | +0.44% | +1.73% | +3.34% | +6.08% | +6.85% | +6.07% |
| Mahindra Manulife Ultra Short Duration Fund Regular-idcw Weekly | 196.3 | +0.44% | +1.73% | +3.34% | +6.08% | +6.85% | +6.07% |
| Mahindra Manulife Ultra Short Duration Fund Direct-idcw Weekly | 196.3 | +0.47% | +1.84% | +3.56% | +6.52% | +7.30% | +6.52% |
growth is based on 1-month returns of the funds
Top Mutual Funds
| Fund name | |||||||
|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Savings Direct-growth | 17,816.3 | +0.46% | +1.88% | +3.48% | +6.54% | +7.50% | +6.69% |
| Aditya Birla Sun Life Savings Regular-growth | 17,816.3 | +0.44% | +1.81% | +3.34% | +6.27% | +7.25% | +6.47% |
| Aditya Birla Sun Life Savings Regular-idcw Daily | 17,816.3 | +0.44% | +1.81% | +3.34% | +6.27% | +7.25% | +6.47% |
| Aditya Birla Sun Life Savings Direct-idcw Daily | 17,816.3 | +0.46% | +1.88% | +3.48% | +6.54% | +7.50% | +6.69% |
| Aditya Birla Sun Life Savings Regular-idcw Weekly | 17,816.3 | +0.44% | +1.81% | +3.34% | +6.27% | +7.25% | +6.47% |
| Aditya Birla Sun Life Savings Direct-idcw Weekly | 17,816.3 | +0.46% | +1.88% | +3.48% | +6.54% | +7.50% | +6.69% |
| HDFC Ultra Short Term Fund Regular-growth | 15,949.6 | +0.41% | +1.70% | +3.18% | +5.96% | +6.88% | +6.14% |
| HDFC Ultra Short Term Fund Direct-growth | 15,949.6 | +0.44% | +1.79% | +3.36% | +6.32% | +7.23% | +6.48% |
| HDFC Ultra Short Term Fund Regular-idcw Daily | 15,949.6 | +0.41% | +1.70% | +3.18% | +5.96% | +6.88% | +6.14% |
| HDFC Ultra Short Term Fund Direct-idcw Daily | 15,949.6 | +0.44% | +1.79% | +3.36% | +6.32% | +7.23% | +6.48% |
Top funds are based on Fund AUM
Top Debt Funds
| Fund name | ||||
|---|---|---|---|---|
| Uti Ultra Short Duration Fund Direct-flexi Idcw | ₹2,367.13 | +7.32% | +7.11% | — |
| Uti Ultra Short Duration Fund Direct-growth | ₹4,878.92 | +7.32% | +7.11% | — |
| Uti Ultra Short Duration Fund Direct-idcw Daily | ₹1,623.13 | +7.32% | +7.11% | — |
| Uti Ultra Short Duration Fund Direct-idcw Fortnightly | ₹1,345.80 | +7.32% | +7.11% | — |
| Uti Ultra Short Duration Fund Direct-idcw Half Yearly | ₹1,546.94 | +7.32% | +7.11% | — |
| Uti Ultra Short Duration Fund Direct-idcw Monthly | ₹1,175.70 | +7.32% | +7.11% | — |
| Uti Ultra Short Duration Fund Direct-idcw Quarterly | ₹2,025.77 | +7.32% | +7.11% | — |
| Uti Ultra Short Duration Fund Direct-idcw Weekly | ₹1,084.26 | +7.32% | +7.11% | — |
| Uti Ultra Short Duration Fund Direct-idcw Yearly | ₹1,534.64 | +7.32% | +7.11% | — |
| Nippon India Ultra Short Duration Fund Direct-growth | ₹4,782.86 | +7.58% | +6.92% | — |
growth is based on 5Y returns of the funds
Historical NAV
| Date | NAV |
|---|---|
| 03 Aug 2026 | ₹1,256.95 |
| 31 Jul 2026 | ₹1,256.02 |
| 30 Jul 2026 | ₹1,255.68 |
| 29 Jul 2026 | ₹1,255.60 |
| 28 Jul 2026 | ₹1,255.47 |
| 27 Jul 2026 | ₹1,255.24 |
| 24 Jul 2026 | ₹1,254.42 |
| 23 Jul 2026 | ₹1,254.12 |
| 22 Jul 2026 | ₹1,253.88 |
| 21 Jul 2026 | ₹1,253.74 |
| 20 Jul 2026 | ₹1,253.23 |
| 17 Jul 2026 | ₹1,252.93 |
| 16 Jul 2026 | ₹1,252.39 |
| 15 Jul 2026 | ₹1,251.96 |
| 14 Jul 2026 | ₹1,251.63 |
| 13 Jul 2026 | ₹1,252.13 |
| 10 Jul 2026 | ₹1,251.59 |
| 09 Jul 2026 | ₹1,251.26 |
| 08 Jul 2026 | ₹1,250.71 |
| 07 Jul 2026 | ₹1,251.12 |
| 06 Jul 2026 | ₹1,251.40 |
| 03 Jul 2026 | ₹1,250.98 |
| 02 Jul 2026 | ₹1,250.83 |
| 01 Jul 2026 | ₹1,250.32 |
| 30 Jun 2026 | ₹1,249.65 |
| 29 Jun 2026 | ₹1,248.91 |
| 25 Jun 2026 | ₹1,247.73 |
| 24 Jun 2026 | ₹1,247.01 |
| 23 Jun 2026 | ₹1,246.48 |
| 22 Jun 2026 | ₹1,246.26 |
Portfolio Updated on: 04 Aug, 2026
Fund Growth & Size Analysis
+₹196.3 Cr
Since Launch
This Fund
Category Average
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Mahindra Manulife Ultra Short Duration Fund Direct-idcw Daily Returns Comparison
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Mahindra Manulife Ultra Short Duration Fund Direct-idcw Daily FAQ'S
- Sharpe Ratio: 3.21%
- Standard Deviation: 0.41%
- Sortino Ratio: 4.27%
Additional important ratios:
As of Tue Jun 30, 2026, the total assets managed under Mahindra Manulife Ultra Short Duration Fund Direct-idcw Daily stand at approximately ₹ 196.3 crore.
The Mahindra Manulife Ultra Short Duration Fund Direct-idcw Daily has delivered the following short-term performance:
- 3 Months Return: 1.84%
- 6 Months Return: 3.56%
The historical growth of the Mahindra Manulife Ultra Short Duration Fund Direct-idcw Daily is reflected through its CAGR returns:
- 3 Year CAGR: 7.30%
- 5 Year CAGR: 6.52%
- Return Since Launch: 6.27%
The portfolio of Mahindra Manulife Ultra Short Duration Fund Direct-idcw Daily is distributed across different asset classes as follows:
- Debt Instruments: 94.26%
- Other Assets: 5.74%
The Mahindra Manulife Ultra Short Duration Fund Direct-idcw Daily is managed by Rahul Pal, representing Mahindra Manulife Mutual Fund.
Top stock holdings of Mahindra Manulife Ultra Short Duration Fund Direct-idcw Daily include:
- INDIAN RAILWAY FINANCE CORPORATION LIMITED SR 168 A 7.40 BD 18AP26 FVRS1LAC – represents 8.65% of the portfolio
- INDIAN RAILWAY FINANCE CORPORATION LIMITED SR 168 A 7.40 BD 18AP26 FVRS1LAC – represents 8.69% of the portfolio
- INDIAN RAILWAY FINANCE CORPORATION LIMITED SR 168 A 7.40 BD 18AP26 FVRS1LAC – represents 8.54% of the portfolio
- REC LIMITED SR 225 7.64 BD 30JU26 FVRS1LAC – represents 8.25% of the portfolio
- INDIAN RAILWAY FINANCE CORPORATION LIMITED SR 168 A 7.40 BD 18AP26 FVRS1LAC – represents 9.04% of the portfolio
- SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA SR I 7.43 BD 31AU26 FVRS1LAC – represents 8.25% of the portfolio
- SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA SR I 7.43 BD 31AU26 FVRS1LAC – represents 9.18% of the portfolio
- SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA SR I 7.43 BD 31AU26 FVRS1LAC – represents 9.18% of the portfolio
- REC LIMITED SR 225 7.64 BD 30JU26 FVRS1LAC – represents 8.30% of the portfolio
- SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA SR I 7.43 BD 31AU26 FVRS1LAC – represents 8.49% of the portfolio
Major sector exposures in Mahindra Manulife Ultra Short Duration Fund Direct-idcw Daily are:
- Financial – accounts for 936.99% of the portfolio
- Real Estate – accounts for 87.43% of the portfolio
- Diversified – accounts for 62.76% of the portfolio
- Industrials – accounts for 19.35% of the portfolio
