Mahindra Manulife Ultra Short to Short Term Fund
NAV
₹1,901.21
as of 19 Oct 2026
Mahindra Manulife Ultra Short to Short Term Fund is an open-ended Low Duration Fund scheme from Mahindra Manulife Mutual Fund managing ₹497 crore (as of 30 Sept 2026). Its Direct-plan NAV is ₹1,901.21 as of 19 Oct 2026. The expense ratio is 0.34% a year. Managed by Rahul Pal. This page is factual data only – it carries no rating and no recommendation.
Key facts
- Expense ratio
- 0.34% / yr
- as of 31 Jul 2026
- Fund size
- ₹497 crore
- as of 30 Sept 2026
- Exit load
- None
- SIP available
- Yes
- Launched
- 15 Feb 2017
- ISIN
- INF174V01267
₹100 invested, fund vs category
The category line is the average of the funds in this category, built from nyvo’s own NAV data.
Rebased to 100data to 19 Oct 2026
Mahindra Manulife Ultra Short to Short Term Fund
₹138
+38% on ₹100 over 5.0 yrs
Low Duration Fund average
₹131
+31% on ₹100 over 5.0 yrs
Returns vs category
| Window | Fund | Category avg | Gap |
|---|---|---|---|
| 3 months | 1.28% | – | – |
| 6 months | 2.95% | – | – |
| 1 year | 6.07% | – | – |
| 3 years (CAGR) | 7.39% | – | – |
| 5 years (CAGR) | 6.68% | – | – |
No category average is available for this fund. Short windows are noise; the 3 and 5-year rows are the record. Past returns do not predict future returns.
A single return number depends on its start date. These are ALL the overlapping holding periods, so the worst case is visible – read that number first.
1-year holding periods
- Worst
- 3.8%
- Median
- 7.5%
- Best
- 8.5%
49 windows over the last 60 months, stepped monthly; 100% ended positive. Worst window began 1 Oct 2021. Windows overlap – this is the range of past start dates, not a probability of anything.
3-year holding periods (per year)
- Worst
- 6.3%
- Median
- 7.5%
- Best
- 7.8%
25 windows over the last 60 months, stepped monthly; 100% ended positive. Worst window began 1 Oct 2021. Windows overlap – this is the range of past start dates, not a probability of anything.
Risk, measured
- Sharpe ratio (3Y)
- 1.72
- Sharpe ratio (5Y)
- 1.17
- Sortino ratio (3Y)
- 4.77 vs category 2.68
- Standard deviation (3Y)
- 0.61%
- Deepest fall (5Y)
- -0.07%
Where the money actually is
Bonds
91.2%
Cash
8.4%
Other
0.4%
Whole-portfolio split, as of 30 Sept 2026.
What it owns
43 positions · top 10 = 36.0%
Top holdings
- Embassy Office Parks Reitmatures 27 Sep 20275.04%
- Mindspace Business Parks Reitmatures 27 Jul 20275.04%
- Rec Limitedmatures 31 Aug 20275.03%
- LIC Housing Finance Ltdmatures 23 Nov 20275.02%
- Power Finance Corporation Limitedmatures 15 Jul 20285.01%
- National Bank For Agriculture And Rural Developmentmatures 15 Sep 20285.00%
- 360 One Prime Limitedmatures 18 Jan 20274.84%
- Indian Bank4.79%
- Godrej Industries Limitedmatures 27 Aug 20274.73%
- TVS Credit Services Limitedmatures 11 Jun 20274.04%
Holdings as of 30 Sept 2026. Portfolio turnover 128.6% a year.
Exposure figures are gross: funds that use derivatives (arbitrage, hedged books) hold offsetting positions, so concentration and turnover can read above 100%.
The debt it holds
- Yield to maturity
- 7.47% vs category 7.11%
- Modified duration
- 0.90 yrs vs category 0.89 yrs
- Average maturity
- 1.01 yrs vs category 1.09 yrs
- Average coupon
- 7.97%
- Government securities
- 13.8%
Credit quality
- AAA
- 69.0%
- AA
- 31.0%
Government securities are counted inside AAA by the data provider’s ladder; the sovereign share is listed separately above. Credit quality as of 31 Aug 2026.
Portfolio characteristics as of 30 Sept 2026. Yield to maturity is what the portfolio would return if every holding were held to maturity and paid in full. It is not a forecast of the fund’s return, and it is quoted before expenses.
Money in, money out
- Net flow, 12 months
- −₹110 cr
- Net flow, 3 months
- −₹71 cr
as of 30 Sept 2026. Flows follow performance more than they predict it.
Quick answers
- What is the NAV of Mahindra Manulife Ultra Short to Short Term Fund?
- ₹1,901.21 per unit as of 19 Oct 2026 (Direct plan, growth). NAV is declared daily on working days.
- What is the expense ratio of Mahindra Manulife Ultra Short to Short Term Fund?
- 0.34% a year for the Direct plan, as of 31 Jul 2026.
- How large is Mahindra Manulife Ultra Short to Short Term Fund?
- ₹497 crore under management as of 30 Sept 2026, in the Low Duration Fund category.
- How risky is Mahindra Manulife Ultra Short to Short Term Fund?
- Its SEBI Riskometer reading is "Moderate Risk". Three months to three years of lending. Where sensible near-term money quietly sits.
- What are the 5-year returns of Mahindra Manulife Ultra Short to Short Term Fund?
- 6.68% a year over the last 5 years (Direct plan, CAGR). Past returns do not predict future returns.
- What is the worst 3-year return of Mahindra Manulife Ultra Short to Short Term Fund?
- 6.3% a year – the weakest of 25 overlapping 3-year holding periods, beginning 1 Oct 2021. The median was 7.5% and 100% of those windows ended positive. Windows overlap, so this is the range of past start dates, not a probability.
- Who manages Mahindra Manulife Ultra Short to Short Term Fund?
- Rahul Pal, managing this fund for 9.6 years.
Where this fund sits
Its shelf, all funds
Sd · Short duration →
Three months to three years of lending. Where sensible near-term money quietly sits.
The money map
How big this shelf is in India →
The whole industry sized by real money, from AMFI’s monthly data.
Side by side
Compare this fund →
Put it next to any other fund – growth, returns, risk and cost in one table.
One bet or two?
Check its overlap →
See whether it owns the same stocks as your other funds.
Other Low Duration Fund funds
- ICICI Prudential Ultra Short to Short Term Fund₹18,781 crore
- HDFC Ultra Short to Short Term Fund₹16,513 crore
- Kotak Ultra Short to Short Term Fund₹12,566 crore
- SBI Ultra Short to Short Term Fund₹10,942 crore
- JioBlackRock Ultra Short to Short Term Fund₹686 crore
- Bajaj Finserv Ultra Short to Short Term Fund₹582 crore
- Edelweiss Ultra Short to Short Term Fund₹454 crore
- Sundaram Ultra Short to Short Term Fund (Formerly Known as Sundaram Low Duration Fund₹381 crore
Data: nyvo research systems; each block above states its own as-of date, and blocks with no data for this fund are omitted rather than estimated. NAV updates daily on working days. This page is factual information about one scheme. It is not investment advice, not a recommendation, and it carries no rating of any kind. Past performance does not predict future returns. Mutual fund investments are subject to market risks; read all scheme related documents carefully.