Mahindra Manulife Dynamic Term Fund
- NAV as on 25 Sep 2026
- ₹14.95-0.04%1 day
- Return since launch
- 5.1%
- 52-week range
- ₹14.42 — ₹15.10
- AUM
- ₹49.18 Cr
Mahindra Manulife Dynamic Term Fund is a Dynamic Bond debt fund from Mahindra Manulife Mutual Fund with ₹49.18 Cr under management, launched in 2018. Over three years it has returned 5.3% a year, against 6.1% for its category. The expense ratio is 1.53% and the SEBI riskometer reading is Moderately High.
Performance
Mahindra Manulife Dynamic Term Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +3.6% against +3.6% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 3.8% | +0.3 pts | 3.6% | 3.4% |
| 2Y | 4.3% | +0.4 pts | 3.9% | 4.0% |
| 3Y | 5.3% | −0.9 pts | 6.1% | 5.0% |
| 5Y | 5.6% | +0.1 pts | 5.4% | 5.6% |
| 7Y | 5.1% | −0.5 pts | 5.6% | 5.5% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -0.4% | 0.0 pts | -0.3% | -0.3% |
| 3M | -0.2% | 0.0 pts | -0.1% | -0.0% |
| 6M | 3.1% | +0.3 pts | 2.8% | 2.6% |
| 1Y | 3.6% | +0.1 pts | 3.6% | 3.6% |
| 2Y | 4.6% | +0.2 pts | 4.4% | 4.6% |
| 3Y | 6.2% | 0.0 pts | 6.1% | 6.1% |
| 5Y | 4.8% | −0.6 pts | 5.4% | 5.3% |
| 7Y | 4.9% | −1.0 pts | 5.9% | 5.7% |
Since launch (27 Jul 2018): 5.1%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 6.0% | −0.4 pts | 6.3% |
| 2024 | 8.3% | −1.1 pts | 9.3% |
| 2023 | 5.9% | −1.4 pts | 7.3% |
| 2022 | 0.9% | −2.9 pts | 3.8% |
| 2021 | 2.4% | −1.7 pts | 4.2% |
| 2020 | 5.7% | −4.8 pts | 10.5% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
1.58%
Expense ratio as on 25 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.35%
- Brokerage
- 0.00%
- Transaction charges
- 0.01%
- Statutory levies
- 0.22%
- Exit load
- For units more than 10% of the allotted, an exit load of 1% will be charged if redeemed within 12 months.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- CRISIL Dynamic Bond A-III Index
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Your principal is treated as being at moderately high risk — typically balanced hybrid and index-led equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | — | — | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | — | — | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.18 | 0.48 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.37 | 0.75 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 2.52 | 3.02 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Mahindra Manulife Dynamic Term Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Debt78.6%
- Other21.4%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| GOI | Sovereign | 25.65% | ₹12.61 Cr | +8.86% | +12.74% | +16.35% |
| Others | Others | 18.87% | ₹9.28 Cr | +2.65% | +1.80% | +1.20% |
| Maharashtra State | Others | 9.87% | ₹4.86 Cr | +8.96% | +12.75% | — |
| company:6233 | Financial | 8.01% | ₹3.94 Cr | — | +6.53% | +4.51% |
| 360 ONE Wealth Ltd. | Financial | 5.10% | ₹2.51 Cr | +4.65% | +3.25% | +2.24% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 5.07% | ₹2.50 Cr | +1.39% | — | — |
| Muthoot Finance Ltd. | Financial | 5.05% | ₹2.49 Cr | +1.39% | +6.53% | +4.47% |
| National Housing Bank | Financial | 5.05% | ₹2.48 Cr | +9.13% | — | — |
| TVS Credit Services Ltd. | Financial | 4.14% | ₹2.04 Cr | +3.79% | +2.69% | +1.83% |
| Raajmarg Infra Investment Trust | Construction | 3.40% | ₹1.67 Cr | +2.84% | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| GOI | 9.04% | 25.65% | +16.61% |
| Small Industries Devp. Bank of India Ltd. | 9.31% | 0.00% | -9.31% |
| company:6233 | 0.00% | 8.01% | +8.01% |
| Mahindra Manulife Short Term Fund Direct-Growth | 5.72% | 0.00% | -5.72% |
| National Housing Bank | 9.32% | 5.05% | -4.27% |
| Mahindra Manulife Ultra Short to Short Term Fund Direct-Growth | 2.88% | 0.00% | -2.88% |
| Maharashtra State | 9.16% | 9.87% | +0.71% |
| 360 ONE Wealth Ltd. | 4.66% | 5.10% | +0.44% |
| Cholamandalam Investment and Finance Company Ltd. | 4.64% | 5.07% | +0.43% |
| Raajmarg Infra Investment Trust | 2.98% | 3.40% | +0.42% |
| Muthoot Finance Ltd. | 4.65% | 5.05% | +0.40% |
| TVS Credit Services Ltd. | 3.81% | 4.14% | +0.33% |
| Others | 0.53% | 0.58% | +0.05% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹1,449 Cr | 1.09% | 5.5% | 6.3% | 6.5% |
 Kotak Dynamic Term Fund | ₹2,342 Cr | 1.35% | 5.7% | 6.1% | 6.3% |
 Bandhan Dynamic Term Fund | ₹1,926 Cr | 1.65% | 6.6% | 5.7% | 6.0% |
 Aditya Birla Sun Life Dynamic Term Fund | ₹1,422 Cr | 1.22% | 4.9% | 6.2% | 6.7% |
 Axis Dynamic Term Fund | ₹993 Cr | 0.65% | 5.7% | 6.5% | 6.6% |
 360 ONE Dynamic Term Fund | ₹559 Cr | 0.59% | 4.7% | 6.8% | 7.0% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to generate regular returns and capital appreciation through an active management of a portfolio constituted of money market and debt instruments across duration.
Fund managers
- Kush SonigaraMr. Sonigara is a B.Com (FM), FRMPrior to joining Mahindra Manulife Mutual Fund, he has worked with Taurus Asset Management Co. Ltd., My Capital Solutions Pvt. Ltd. and TBNG Financial Consultants.
- Rahul PalMr. Pal is a B.Com (H) and Chartered Accountant.Prior to joining Mahindra Manulife Mutual Fund, he has worked with Taurus AMC, Sundaram Mutual Fund and IDBI Mutual Fund.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months3.10% absolute | ₹60,000 | ₹61,860 | 3.10% | |
| 1 year3.64% annualised | ₹1,20,000 | ₹1,22,393 | 1.99% | |
| 3 years6.16% annualised | ₹3,60,000 | ₹3,96,328 | 10.09% | |
| 5 years4.77% annualised | ₹6,00,000 | ₹6,78,772 | 13.13% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.