Mahindra Manulife Ultra Short Term Fund Direct-IDCW Daily

  • 3 Months
  • 6 Months
  • 1 Year
  • 3 Years
  • 5 Years
  • RSI
3 Months Returns : 1.46%
NAV: ₹1,276.10 as on Thu Nov 05, 2026
Fund NAV

Fund Overview of Mahindra Manulife Ultra Short Term Fund Direct-IDCW Daily

  • ₹240.7 Cr
    AUM
  • ₹1,276.10
    NAV
  • 0.31%
    Expense Ratio
  • Debt
    Fund Category
As on Thu Nov 05, 2026
Calculate your Returns
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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.

The total value of your investment after 10 years will be
₹ 1,39,328.64
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Mahindra Manulife Ultra Short Term Fund Direct-IDCW Daily Return Comparison

Tenure Absolute(%) Annualised(%) Category Average(%)
3 Months 1.46% NA 1.71%
6 Months 3.30% NA 3.90%
1 Year 6.53% 6.53% 7.70%
2 Years 14.43% 6.97% 7.59%
3 Years 23.26% 7.22% 7.34%
5 Years 38.01% 6.65% 6.07%
7 Years 52.86% 6.25% NA
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As on Thu Nov 05, 2026

Dividend of Mahindra Manulife Ultra Short Term Fund Direct-IDCW Daily : 0.14%

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%
Top Holdings
Repo
18.54%
Repo
18.54%
Small Industries Dev Bank Of India (04/02/2027) **
7.74%
Small Industries Dev Bank Of India (04/02/2027) **
9.04%
Small Industries Dev Bank Of India (04/02/2027) **
9.04%
 
Top Sectors
Financial
145.99%
Unspecified
44.66%
Detailed Portfolio Analysis
As on Thu Nov 05, 2026
Invest Now

About Fund

About Mahindra Manulife Ultra Short Term Fund Direct-IDCW Daily

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 ₹240.7 crore as on Sat Oct 31, 2026. The expense ratio stands at 0.31%.
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 6.53% in the last year, a total return since inception of 6.26%.
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.

Read more
  • Amit Garg

    Fund Manager

  • Mr Garg is a B.Com, MMS Finance, CFA

    Manager Education

  • Rahul Pal

    Fund Manager

  • Mr. Pal is a B.Com (H) and Chartered Accountant.

    Manager Education

Key Metrics of Mahindra Manulife Ultra Short Term Fund Direct-IDCW Daily

  • Standard Deviation
    0.44%
  • Mean
    6.97%
  • Sharpe Ratio
    3.16%
  • Sortino Ratio
    4.12%

Mahindra Manulife Ultra Short Term Fund Direct-IDCW Daily Fund Details

Fund Names Mahindra Manulife Ultra Short Term Fund Direct-IDCW Daily
Inception Date 17 Oct 2019
Lock In No Lock-in
 
Risk Principal at low to moderate risk
Category Average Annual Returns 7.70
More Details
Highest NAV in last 52 weeks & Lowest NAV in last 52 weeks

Compare Mutual Funds
Mahindra Manulife Ultra Short Term Fund Direct-IDCW Daily Fund Returns Comparison

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

Nippon India Ultra Short Term Fund Direct-Growth

Nippon India Ultra Short Term Fund Direct-IDCW Daily

Compare more funds

Start An Sip Today Watch Your Money Grow

Top Performing Mutual Funds

Fund Names AUM (Cr) 1M 3M 1Yr 3Yr 5Yr
Nippon India Ultra Short Term Fund Direct-Growth trend ₹11,833 0.44% 1.58% 6.89% 7.52% 7.03%
Nippon India Ultra Short Term Fund Direct-IDCW Daily trend ₹11,833 0.44% 1.58% 6.89% 7.52% 7.03%
Nippon India Ultra Short Term Fund Direct-IDCW Monthly trend ₹11,833 0.44% 1.58% 6.89% 7.52% 7.03%
Nippon India Ultra Short Term Fund Direct-IDCW Quarterly trend ₹11,833 0.44% 1.58% 6.89% 7.52% 7.03%
Nippon India Ultra Short Term Fund Direct-IDCW Weekly trend ₹11,833 0.44% 1.58% 6.89% 7.52% 7.03%
Tata Ultra Short Term Fund Direct-Growth trend ₹5,712 0.44% 1.61% 6.93% 7.46% 6.84%
Tata Ultra Short Term Fund Direct-IDCW Monthly trend ₹5,712 0.44% 1.61% 6.93% 7.46% 6.84%
Tata Ultra Short Term Fund Direct-IDCW Weekly trend ₹5,712 0.44% 1.61% 6.93% 7.46% 6.84%
Axis Ultra Short Term Fund Direct-Growth trend ₹5,274 0.41% 1.56% 6.67% 7.39% 6.83%
Axis Ultra Short Term Fund Direct-IDCW trend ₹5,274 0.41% 1.56% 6.67% 7.39% 6.83%
View More
increase 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
Mahindra Manulife Ultra Short Term Fund Regular-Growth increase ₹241 0.36% 1.36% 3.08% 6.09% 6.77%
Mahindra Manulife Ultra Short Term Fund Direct-Growth increase ₹241 0.40% 1.46% 3.30% 6.53% 7.22%
Mahindra Manulife Ultra Short Term Fund Regular-IDCW Daily increase ₹241 0.36% 1.36% 3.08% 6.09% 6.77%
Mahindra Manulife Ultra Short Term Fund Regular-IDCW Weekly increase ₹241 0.36% 1.36% 3.08% 6.09% 6.77%
Mahindra Manulife Ultra Short Term Fund Direct-IDCW Weekly increase ₹241 0.40% 1.46% 3.30% 6.53% 7.22%
View More
increase growth is based on 1-month returns of the funds

Mahindra Manulife Ultra Short Term Fund Direct-IDCW Daily Calculator

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Financial experts suggest that individuals should ideally invest for a period of 5 to 10 years, or even longer, to maximize the benefits of compounding and navigate market fluctuations effectively
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Expected return Pro Tip
Top 25% of investors consistently generate more than 12% return
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Top Mutual Funds

Fund Names AUM (Cr) NAV 3Yr 5Yr 10Yr
Kotak Ultra Short Term Fund Direct-Growth trend ₹15,261 ₹48.86 7.15% 6.63% 6.68%
Kotak Ultra Short Term Fund Regular-Growth trend ₹15,261 ₹46.36 6.66% 6.16% 6.23%
Kotak Ultra Short Term Fund Direct-IDCW trend ₹15,261 ₹10.14 7.15% 6.63% 6.68%
Kotak Ultra Short Term Fund Direct-IDCW Monthly trend ₹15,261 ₹21.07 7.15% 6.63% 6.68%
Kotak Ultra Short Term Fund Regular-IDCW Monthly trend ₹15,261 ₹10.74 6.66% 6.16% 6.23%
Kotak Ultra Short Term Fund Direct-IDCW Weekly trend ₹15,261 ₹10.03 7.15% 6.63% 6.68%
Kotak Ultra Short Term Fund Regular-IDCW Weekly trend ₹15,261 ₹10.02 6.66% 6.16% 6.23%
Aditya Birla Sun Life Ultra Short Term Direct-Growth trend ₹15,236 ₹608.73 7.42% 6.82% 6.95%
Aditya Birla Sun Life Ultra Short Term Regular-Growth trend ₹15,236 ₹595.95 7.17% 6.60% 6.77%
Aditya Birla Sun Life Ultra Short Term Regular-IDCW Daily trend ₹15,236 ₹100.00 7.17% 6.60% 6.77%
View More
Top funds are based on Fund AUM

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Mahindra Manulife Ultra Short Term Fund Direct-IDCW Daily Detailed Portfolio

Stocks Sector % of Holding Value
RepoUnspecified18.54%₹38.06 Cr
RepoUnspecified18.54%₹38.06 Cr
Small Industries Dev Bank Of India (04/02/2027) **Financial7.74%₹18.62 Cr
Small Industries Dev Bank Of India (04/02/2027) **Financial9.04%₹18.56 Cr
Small Industries Dev Bank Of India (04/02/2027) **Financial9.04%₹18.56 Cr
Small Industries Dev Bank Of India (04/02/2027) **Financial8.32%₹18.46 Cr
Small Industries Dev Bank Of India (04/02/2027) **Financial8.32%₹18.46 Cr
Small Industries Dev Bank Of India (04/02/2027) **Financial8.32%₹18.46 Cr
Reverse RepoUnspecified7.57%₹18.22 Cr
Indian Railway Finance Corporation Limited Sr 168 A 7.40 Bd 18ap26 Fvrs1lacFinancial8.76%₹18.13 Cr
Indian Railway Finance Corporation Limited Sr 168 A 7.40 Bd 18ap26 Fvrs1lacFinancial8.69%₹18.10 Cr
Indian Railway Finance Corporation Limited Sr 168 A 7.40 Bd 18ap26 Fvrs1lacFinancial8.54%₹18.08 Cr
Indian Railway Finance Corporation Limited Sr 168 A 7.40 Bd 18ap26 Fvrs1lacFinancial8.54%₹18.08 Cr
Rec Limited Sr 225 7.64 Bd 30ju26 Fvrs1lacFinancial8.25%₹18.07 Cr
Indian Railway Finance Corporation Limited Sr 168 A 7.40 Bd 18ap26 Fvrs1lacFinancial9.04%₹18.06 Cr
Small Industries Development Bank Of India Sr I 7.43 Bd 31au26 Fvrs1lacFinancial8.25%₹18.06 Cr
Small Industries Development Bank Of India Sr I 7.43 Bd 31au26 Fvrs1lacFinancial9.18%₹18.01 Cr
Small Industries Development Bank Of India Sr I 7.43 Bd 31au26 Fvrs1lacFinancial9.18%₹18.01 Cr
Rec Limited Sr 225 7.64 Bd 30ju26 Fvrs1lacFinancial8.30%₹18.01 Cr
Small Industries Development Bank Of India Sr I 7.43 Bd 31au26 Fvrs1lacFinancial8.49%₹18.00 Cr
View More

Top Debt Funds

Fund Names NAV 3Yr 5Yr 52 weeks high
Nippon India Ultra Short Term Fund Direct-Growth increase ₹4,861.28 7.52% 7.03% -
Nippon India Ultra Short Term Fund Direct-IDCW Daily increase ₹1,114.15 7.52% 7.03% -
Nippon India Ultra Short Term Fund Direct-IDCW Monthly increase ₹1,036.89 7.52% 7.03% -
Nippon India Ultra Short Term Fund Direct-IDCW Quarterly increase ₹1,021.03 7.52% 7.03% -
Nippon India Ultra Short Term Fund Direct-IDCW Weekly increase ₹1,093.90 7.52% 7.03% -
Tata Ultra Short Term Fund Direct-Growth increase ₹16.30 7.46% 6.84% -
Tata Ultra Short Term Fund Direct-IDCW Monthly increase ₹16.32 7.46% 6.84% -
Tata Ultra Short Term Fund Direct-IDCW Weekly increase ₹10.41 7.46% 6.84% -
Axis Ultra Short Term Fund Direct-Growth increase ₹17.06 7.39% 6.83% -
Axis Ultra Short Term Fund Direct-IDCW increase ₹17.06 7.39% 6.83% -
View More
increase 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 Sat Oct 31, 2026, Mahindra Manulife Ultra Short Term Fund Direct-IDCW Daily manages assets worth ₹240.7 crore

How has Mahindra Manulife Ultra Short Term Fund Direct-IDCW Daily performed recently?

  • 3 Months: 1.46%
  • 6 Months: 3.30%

What is the long-term performance of Mahindra Manulife Ultra Short Term Fund Direct-IDCW Daily?

  • 3 Years CAGR: 7.22%
  • 5 Years CAGR: 6.65%
  • Since Inception: 6.26%

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?

  • Repo – 18.54% of the fund's portfolio
  • Repo – 18.54% of the fund's portfolio
  • Small Industries Dev Bank of India (04/02/2027) ** – 7.74% of the fund's portfolio
  • Small Industries Dev Bank of India (04/02/2027) ** – 9.04% of the fund's portfolio
  • Small Industries Dev Bank of India (04/02/2027) ** – 9.04% of the fund's portfolio

Which are the major sectors Mahindra Manulife Ultra Short Term Fund Direct-IDCW Daily focuses on?

  • Financial – 145.99% of the fund's portfolio
  • Unspecified – 44.66% of the fund's portfolio
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