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Fund Overview of Mahindra Manulife Ultra Short Term Fund Direct-IDCW Daily
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₹221.9 CrAUM
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₹1,267.34NAV
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0.31%Expense Ratio
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DebtFund Category
Minimum amount you can invest: ₹500
Maximum amount you can invest: ₹1,00,000
We have used a return rate of 15% for our calculations.
Mahindra Manulife Ultra Short Term Fund Direct-IDCW Daily Return Comparison
| Tenure | Absolute(%) | Annualised(%) | Category Average(%) |
|---|---|---|---|
| 3 Months | 1.77% | NA | 1.71% |
| 6 Months | 3.66% | NA | 3.90% |
| 1 Year | 6.66% | 6.66% | 7.70% |
| 2 Years | 14.82% | 7.15% | 7.59% |
| 3 Years | 23.53% | 7.30% | 7.34% |
| 5 Years | 37.60% | 6.59% | 6.07% |
Dividends are declared by the fund house based on the income generated from the underlying assets. While many mutual funds distribute dividends annually, the payout frequency ultimately depends on the fund house’s decision
Asset Allocation of Mahindra Manulife Ultra Short Term Fund Direct-IDCW Daily
debt instruments
90.72%other assets or cash equivalents
9.28%Mahindra Manulife Ultra Short Term 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 ₹221.9 crore as on Mon Aug 31, 2026. The expense ratio stands at 0.31%. Fund Manager Manager Education Fund Manager Manager EducationAbout Mahindra Manulife Ultra Short Term Fund Direct-IDCW Daily
The portfolio allocation consists of 90.72% in debt instruments, 9.28% in other assets or cash equivalents.Managed by Rahul Pal, it has delivered a return of 6.66% in the last year, a total return since inception of 6.28%.
The latest dividend was declared on 06 Jun 2025 at 0.14% of face value.
Based on risk tolerance individuals may evaluate best sip plan as part of the overall investment planning.
Key Metrics of Mahindra Manulife Ultra Short Term Fund Direct-IDCW Daily
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Standard Deviation0.41%
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Mean7.07%
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Sharpe Ratio3.34%
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Sortino Ratio4.45%
Mahindra Manulife Ultra Short Term Fund Direct-IDCW Daily Fund Details
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Compare Mahindra Manulife Ultra Short Term Fund Direct-IDCW Daily with other mutual funds in the same category
Mahindra Manulife Ultra Short Term Fund Direct-IDCW Daily
UTI Ultra Short Term Fund Direct-flexi IDCW
UTI Ultra Short Term Fund Direct-Growth
Top Performing Mutual Funds
| Fund Names | AUM (Cr) | 1M | 3M | 1Yr | 3Yr | 5Yr |
|---|---|---|---|---|---|---|
UTI Ultra Short Term Fund Direct-flexi IDCW  |
₹3,348 | 0.55% | 1.82% | 6.67% | 7.32% | 7.18% |
| UTI Ultra Short Term Fund Direct-Growth |
₹3,348 | 0.55% | 1.82% | 6.67% | 7.32% | 7.18% |
| UTI Ultra Short Term Fund Direct-IDCW Daily |
₹3,348 | 0.55% | 1.82% | 6.67% | 7.32% | 7.18% |
| UTI Ultra Short Term Fund Direct-IDCW Fortnightly |
₹3,348 | 0.55% | 1.82% | 6.67% | 7.32% | 7.18% |
| UTI Ultra Short Term Fund Direct-IDCW Half Yearly |
₹3,348 | 0.55% | 1.82% | 6.67% | 7.32% | 7.18% |
| UTI Ultra Short Term Fund Direct-IDCW Monthly |
₹3,348 | 0.55% | 1.82% | 6.67% | 7.32% | 7.18% |
| UTI Ultra Short Term Fund Direct-IDCW Quarterly |
₹3,348 | 0.55% | 1.82% | 6.67% | 7.32% | 7.18% |
| UTI Ultra Short Term Fund Direct-IDCW Weekly |
₹3,348 | 0.55% | 1.82% | 6.67% | 7.32% | 7.18% |
| UTI Ultra Short Term Fund Direct-IDCW Yearly |
₹3,348 | 0.55% | 1.82% | 6.67% | 7.32% | 7.18% |
| Nippon India Ultra Short Term Fund Direct-Growth |
₹12,447 | 0.55% | 1.83% | 7.00% | 7.57% | 6.98% |
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 Names | AUM (Cr) | 1M | 3M | 6M | 1Yr | 3Yr |
|---|---|---|---|---|---|---|
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Mahindra Manulife Ultra Short Term Fund Regular-Growth
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₹222 | 0.50% | 1.67% | 3.44% | 6.22% | 6.85% |
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Mahindra Manulife Ultra Short Term Fund Direct-Growth
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₹222 | 0.53% | 1.77% | 3.66% | 6.66% | 7.30% |
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Mahindra Manulife Ultra Short Term Fund Regular-IDCW Daily
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₹222 | 0.50% | 1.67% | 3.44% | 6.22% | 6.85% |
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Mahindra Manulife Ultra Short Term Fund Regular-IDCW Weekly
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₹222 | 0.50% | 1.67% | 3.44% | 6.22% | 6.85% |
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Mahindra Manulife Ultra Short Term Fund Direct-IDCW Weekly
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₹222 | 0.53% | 1.77% | 3.66% | 6.66% | 7.30% |
growth is based on 1-month returns of the fundsMahindra Manulife Ultra Short Term Fund Direct-IDCW Daily Calculator
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Top Mutual Funds
| Fund Names | AUM (Cr) | NAV | 3Yr | 5Yr | 10Yr |
|---|---|---|---|---|---|
| Aditya Birla Sun Life Ultra Short Term Regular-Growth |
₹18,819 | ₹591.86 | 7.24% | 6.53% | 6.81% |
| Aditya Birla Sun Life Ultra Short Term Direct-Growth |
₹18,819 | ₹604.33 | 7.49% | 6.75% | 6.99% |
| Aditya Birla Sun Life Ultra Short Term Direct-IDCW Daily |
₹18,819 | ₹100.08 | 7.49% | 6.75% | 6.99% |
| Aditya Birla Sun Life Ultra Short Term Regular-IDCW Daily |
₹18,819 | ₹100.08 | 7.24% | 6.53% | 6.81% |
| Aditya Birla Sun Life Ultra Short Term Regular-IDCW Weekly |
₹18,819 | ₹100.47 | 7.24% | 6.53% | 6.81% |
| Aditya Birla Sun Life Ultra Short Term Direct-IDCW Weekly |
₹18,819 | ₹100.55 | 7.49% | 6.75% | 6.99% |
| HDFC Ultra Short Term Fund Regular-Growth |
₹17,465 | ₹16.29 | 6.88% | 6.20% | - |
| HDFC Ultra Short Term Fund Direct-Growth |
₹17,465 | ₹16.71 | 7.23% | 6.54% | - |
| HDFC Ultra Short Term Fund Direct-IDCW Daily |
₹17,465 | ₹10.09 | 7.23% | 6.54% | - |
| HDFC Ultra Short Term Fund Regular-IDCW Daily |
₹17,465 | ₹10.10 | 6.88% | 6.20% | - |
Mahindra Manulife Ultra Short Term Fund Direct-IDCW Daily Detailed Portfolio
| Stocks | Sector | % of Holding | Value |
|---|---|---|---|
| Small Industries Dev Bank Of India (04/02/2027) ** | Financial | 8.32% | ₹18.46 Cr |
| Small Industries Dev Bank Of India (04/02/2027) ** | Financial | 8.32% | ₹18.46 Cr |
| Small Industries Dev Bank Of India (04/02/2027) ** | Financial | 8.32% | ₹18.46 Cr |
| Indian Railway Finance Corporation Limited Sr 168 A 7.40 Bd 18ap26 Fvrs1lac | Financial | 8.76% | ₹18.13 Cr |
| Indian Railway Finance Corporation Limited Sr 168 A 7.40 Bd 18ap26 Fvrs1lac | Financial | 8.69% | ₹18.10 Cr |
| Indian Railway Finance Corporation Limited Sr 168 A 7.40 Bd 18ap26 Fvrs1lac | Financial | 8.54% | ₹18.08 Cr |
| Indian Railway Finance Corporation Limited Sr 168 A 7.40 Bd 18ap26 Fvrs1lac | Financial | 8.54% | ₹18.08 Cr |
| Rec Limited Sr 225 7.64 Bd 30ju26 Fvrs1lac | Financial | 8.25% | ₹18.07 Cr |
| Indian Railway Finance Corporation Limited Sr 168 A 7.40 Bd 18ap26 Fvrs1lac | Financial | 9.04% | ₹18.06 Cr |
| Small Industries Development Bank Of India Sr I 7.43 Bd 31au26 Fvrs1lac | Financial | 8.25% | ₹18.06 Cr |
| Small Industries Development Bank Of India Sr I 7.43 Bd 31au26 Fvrs1lac | Financial | 9.18% | ₹18.01 Cr |
| Small Industries Development Bank Of India Sr I 7.43 Bd 31au26 Fvrs1lac | Financial | 9.18% | ₹18.01 Cr |
| Rec Limited Sr 225 7.64 Bd 30ju26 Fvrs1lac | Financial | 8.30% | ₹18.01 Cr |
| Small Industries Development Bank Of India Sr I 7.43 Bd 31au26 Fvrs1lac | Financial | 8.49% | ₹18.00 Cr |
| Rec Limited Sr 225 7.64 Bd 30ju26 Fvrs1lac | Financial | 8.57% | ₹18.00 Cr |
| Small Industries Development Bank Of India Sr I 7.43 Bd 31au26 Fvrs1lac | Financial | 8.29% | ₹17.98 Cr |
| Small Industries Development Bank Of India Sr I 7.43 Bd 31au26 Fvrs1lac | Financial | 8.56% | ₹17.98 Cr |
| Small Industries Development Bank Of India Sr I 7.43 Bd 31au26 Fvrs1lac | Financial | 8.43% | ₹17.97 Cr |
| Small Industries Development Bank Of India Sr I 7.43 Bd 31au26 Fvrs1lac | Financial | 9.28% | ₹17.97 Cr |
| Canara Bank Cd 11nov26 | Financial | 8.01% | ₹17.78 Cr |
Top Debt Funds
| Fund Names | NAV | 3Yr | 5Yr | 52 weeks high |
|---|---|---|---|---|
| UTI Ultra Short Term Fund Direct-flexi IDCW |
₹2,387.01 | 7.32% | 7.18% | - |
| UTI Ultra Short Term Fund Direct-Growth |
₹4,919.90 | 7.32% | 7.18% | - |
| UTI Ultra Short Term Fund Direct-IDCW Daily |
₹1,636.77 | 7.32% | 7.18% | - |
| UTI Ultra Short Term Fund Direct-IDCW Fortnightly |
₹1,357.09 | 7.32% | 7.18% | - |
| UTI Ultra Short Term Fund Direct-IDCW Half Yearly |
₹1,559.93 | 7.32% | 7.18% | - |
| UTI Ultra Short Term Fund Direct-IDCW Monthly |
₹1,175.52 | 7.32% | 7.18% | - |
| UTI Ultra Short Term Fund Direct-IDCW Quarterly |
₹2,042.79 | 7.32% | 7.18% | - |
| UTI Ultra Short Term Fund Direct-IDCW Weekly |
₹1,084.76 | 7.32% | 7.18% | - |
| UTI Ultra Short Term Fund Direct-IDCW Yearly |
₹1,547.53 | 7.32% | 7.18% | - |
| Nippon India Ultra Short Term Fund Direct-Growth |
₹4,822.92 | 7.57% | 6.98% | - |
growth is based on 5Y returns of the funds
Frequently Asked Questions
Mahindra Manulife Ultra Short Term Fund Direct-IDCW Daily
What is the current AUM of Mahindra Manulife Ultra Short Term Fund Direct-IDCW Daily?
As of Mon Aug 31, 2026, Mahindra Manulife Ultra Short Term Fund Direct-IDCW Daily manages assets worth ₹221.9 crore
How has Mahindra Manulife Ultra Short Term Fund Direct-IDCW Daily performed recently?
- 3 Months: 1.77%
- 6 Months: 3.66%
What is the long-term performance of Mahindra Manulife Ultra Short Term Fund Direct-IDCW Daily?
- 3 Years CAGR: 7.30%
- 5 Years CAGR: 6.59%
- Since Inception: 6.28%
What is the portfolio composition of Mahindra Manulife Ultra Short Term Fund Direct-IDCW Daily?
Debt: 90.72%, Others: 9.28%.
Who manages Mahindra Manulife Ultra Short Term Fund Direct-IDCW Daily?
Mahindra Manulife Ultra Short Term Fund Direct-IDCW Daily is managed by Rahul Pal from Mahindra Manulife Mutual Fund.
When was the last dividend declared by Mahindra Manulife Ultra Short Term Fund Direct-IDCW Daily?
Latest dividend was declared on 06 Jun 2025 at 0.14% of face value.
Which are the top companies Mahindra Manulife Ultra Short Term Fund Direct-IDCW Daily has invested in?
- Small Industries Dev Bank of India (04/02/2027) ** – 8.32% of the fund's portfolio
- Small Industries Dev Bank of India (04/02/2027) ** – 8.32% of the fund's portfolio
- Small Industries Dev Bank of India (04/02/2027) ** – 8.32% of the fund's portfolio
- INDIAN RAILWAY FINANCE CORPORATION LIMITED SR 168 A 7.40 BD 18AP26 FVRS1LAC – 8.76% of the fund's portfolio
- INDIAN RAILWAY FINANCE CORPORATION LIMITED SR 168 A 7.40 BD 18AP26 FVRS1LAC – 8.69% of the fund's portfolio
Which are the major sectors Mahindra Manulife Ultra Short Term Fund Direct-IDCW Daily focuses on?
- Financial – 171.31% of the fund's portfolio
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