Mahindra Manulife Liquid Fund
- NAV as on 27 Sep 2026
- ₹1,832.87+0.02%1 day
- Return since launch
- 6.1%
- 52-week range
- ₹1,721.69 — ₹1,832.12
- AUM
- ₹1,392 Cr
Mahindra Manulife Liquid Fund is a Liquid debt fund from Mahindra Manulife Mutual Fund with ₹1,392 Cr under management, launched in 2016. Over three years it has returned 6.7% a year, against 6.8% for its category. The expense ratio is 0.26% and the SEBI riskometer reading is Moderate.
Performance
Mahindra Manulife Liquid Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +6.4% against +6.2% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 6.6% | +0.3 pts | 6.3% | 6.4% |
| 2Y | 6.5% | +0.1 pts | 6.4% | 6.3% |
| 3Y | 6.7% | −0.1 pts | 6.8% | 6.5% |
| 5Y | 6.7% | +0.5 pts | 6.2% | 6.5% |
| 7Y | 6.2% | +0.1 pts | 6.1% | 6.1% |
| 10Y | 6.1% | +0.1 pts | 6.0% | 5.9% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.5% | 0.0 pts | 0.5% | 0.5% |
| 3M | 1.6% | +0.1 pts | 1.5% | 1.5% |
| 6M | 3.4% | +0.1 pts | 3.3% | 3.3% |
| 1Y | 6.4% | +0.1 pts | 6.3% | 6.3% |
| 2Y | 6.6% | +0.1 pts | 6.5% | 6.5% |
| 3Y | 6.8% | +0.1 pts | 6.8% | 6.7% |
| 5Y | 6.3% | +0.1 pts | 6.2% | 6.2% |
| 7Y | 5.7% | +0.1 pts | 5.5% | 5.5% |
| 10Y | 6.1% | +0.1 pts | 6.0% | 6.0% |
Since launch (4 Jul 2016): 6.1%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 6.5% | +0.1 pts | 6.4% |
| 2024 | 7.4% | +0.1 pts | 7.3% |
| 2023 | 7.1% | +0.1 pts | 7.0% |
| 2022 | 4.9% | 0.0 pts | 4.8% |
| 2021 | 3.3% | 0.0 pts | 3.3% |
| 2020 | 4.3% | +0.2 pts | 4.0% |
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
0.26%
Expense ratio as on 23 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.22%
- Brokerage
- 0.00%
- Transaction charges
- 0.00%
- Statutory levies
- 0.04%
- Exit load
- Exit load of 0.0070% if redeemed within 1 day, 0.0065% if redeemed within 2 days, 0.0060% if redeemed within 3 days, 0.0055% if redeemed within 4 days, 0.0050% if redeemed within 5 days, 0.0045% if redeemed within 6 days.
- Lock-in
- None
Terms
- Min SIP
- ₹-1
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- CRISIL Liquid Debt A-I 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 moderate risk — typically medium duration debt and conservative hybrid 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 | 4.89 | 4.97 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 8.44 | 9.82 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 0.20 | 0.20 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Mahindra Manulife Liquid Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Debt95.9%
- Other4.1%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Small Industries Devp. Bank of India Ltd. | Financial | 7.14% | ₹99.35 Cr | +9.16% | +8.72% | +8.22% |
| NTPC Ltd. | Energy | 5.37% | ₹74.72 Cr | — | — | — |
| HDFC Bank Ltd. | Financial | 4.65% | ₹64.78 Cr | +4.52% | +4.35% | +2.06% |
| Others | Others | 4.32% | ₹60.08 Cr | +1.50% | +1.45% | +1.30% |
| Export-Import Bank Of India | Financial | 3.58% | ₹49.82 Cr | — | +2.18% | — |
| company:1272 | Consumer Staples | 3.57% | ₹49.76 Cr | +4.60% | +4.34% | — |
| Reserve Bank of India | Financial | 3.56% | ₹49.59 Cr | +9.12% | +4.33% | +4.13% |
| REC Ltd. | Financial | 3.56% | ₹49.56 Cr | — | — | — |
| Union Bank of India | Financial | 3.56% | ₹49.56 Cr | +4.58% | +2.16% | +4.13% |
| Tata Realty and Infrastructure Ltd. | Construction | 3.55% | ₹49.49 Cr | +4.54% | +2.18% | — |
| company:514 | Energy | 3.55% | ₹49.37 Cr | — | — | — |
| company:7990 | Financial | 3.23% | ₹45.02 Cr | +4.54% | +8.60% | +4.10% |
| company:9186 | Financial | 2.82% | ₹39.31 Cr | — | +2.16% | — |
| company:15648 | Financial | 2.48% | ₹34.54 Cr | +6.79% | — | — |
| company:4578 | Sovereign | 1.84% | ₹25.59 Cr | — | +4.38% | — |
| company:7202 | Financial | 1.80% | ₹25.00 Cr | — | — | — |
| Bharti Telecom Ltd. | Communication | 1.79% | ₹24.92 Cr | — | — | — |
| Godrej Properties Ltd. | Construction | 1.79% | ₹24.90 Cr | — | +4.35% | +2.06% |
| Nuvama Wealth Finance Ltd. | Financial | 1.79% | ₹24.89 Cr | — | +0.43% | — |
| Kotak Mahindra Securities Ltd. | Financial | 1.79% | ₹24.89 Cr | — | +2.17% | — |
| JM Financial Services Pvt. Ltd. | Financial | 1.77% | ₹24.68 Cr | — | — | +1.65% |
| DSP Finance Pvt Ltd. | Financial | 1.77% | ₹24.61 Cr | +1.35% | +3.00% | — |
| Tata Housing Devp. Co. Ltd | Construction | 1.77% | ₹24.61 Cr | +2.26% | +2.18% | +4.08% |
| Motilal Oswal Financial Services Ltd. | Financial | 1.77% | ₹24.59 Cr | +3.16% | +4.30% | +3.27% |
| Nuvama Wealth and Investment Limited | Financial | 1.41% | ₹19.66 Cr | — | — | — |
| company:12598 | Financial | 1.07% | ₹14.85 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| LIC Housing Finance Ltd. | 5.08% | 0.00% | -5.08% |
| National Bank For Agriculture & Rural Development | 3.88% | 0.00% | -3.88% |
| company:1272 | 0.00% | 3.57% | +3.57% |
| company:514 | 0.00% | 3.55% | +3.55% |
| company:9186 | 0.00% | 2.82% | +2.82% |
| company:15648 | 0.00% | 2.48% | +2.48% |
| 360 ONE Wealth Ltd. | 1.94% | 0.00% | -1.94% |
| IGH Holdings Pvt. Ltd. | 1.94% | 0.00% | -1.94% |
| company:4578 | 0.00% | 1.84% | +1.84% |
| company:7202 | 0.00% | 1.80% | +1.80% |
| HDFC Bank Ltd. | 5.81% | 4.65% | -1.16% |
| company:12598 | 0.00% | 1.07% | +1.07% |
| Motilal Oswal Financial Services Ltd. | 2.72% | 1.77% | -0.95% |
| Maharashtra State | 0.78% | 0.00% | -0.78% |
| DSP Finance Pvt Ltd. | 1.17% | 1.77% | +0.60% |
| Nuvama Wealth and Investment Limited | 1.94% | 1.41% | -0.53% |
| NTPC Ltd. | 5.81% | 5.37% | -0.44% |
| company:7990 | 0.00% | 0.36% | +0.36% |
| Reserve Bank of India | 3.86% | 3.56% | -0.30% |
| Export-Import Bank Of India | 3.87% | 3.58% | -0.29% |
| Small Industries Devp. Bank of India Ltd. | 3.87% | 3.58% | -0.29% |
| Union Bank of India | 3.85% | 3.56% | -0.29% |
| REC Ltd. | 3.85% | 3.56% | -0.29% |
| Tata Realty and Infrastructure Ltd. | 3.84% | 3.55% | -0.29% |
| Tata Housing Devp. Co. Ltd | 1.94% | 1.77% | -0.17% |
| JM Financial Services Pvt. Ltd. | 1.93% | 1.77% | -0.16% |
| Bharti Telecom Ltd. | 1.94% | 1.79% | -0.15% |
| Kotak Mahindra Securities Ltd. | 1.93% | 1.79% | -0.14% |
| Nuvama Wealth Finance Ltd. | 1.93% | 1.79% | -0.14% |
| Godrej Properties Ltd. | 1.93% | 1.79% | -0.14% |
| Others | 0.26% | 0.24% | -0.02% |
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 | ₹22,488 Cr | 0.19% | 6.6% | 6.7% | 6.7% |
 Axis Liquid Fund | ₹63,343 Cr | 0.23% | 6.6% | 6.7% | 6.7% |
 DSP Liquid Fund | ₹27,920 Cr | 0.21% | 6.6% | 6.7% | 6.7% |
 Edelweiss Liquid Fund | ₹13,272 Cr | 0.17% | 6.6% | 6.7% | 6.7% |
 Franklin India Liquid Fund | ₹6,082 Cr | 0.20% | 6.7% | 6.7% | 6.7% |
 Bank of India Liquid Fund | ₹1,825 Cr | 0.15% | 6.6% | 6.7% | 6.7% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to deliver reasonable market related returns with lower risk and higher liquidity through a portfolio of money market and debt instruments.
Fund managers
- Amit GargMr Garg is a B.Com, MMS Finance, CFAPrior to joining Mahindra Manulife Investment Management Pvt. Ltd., he has worked with Darashaw & Co. and Daiwa Asset Management (India) Pvt. Ltd.
- 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 months3.40% absolute | ₹60,000 | ₹62,040 | 3.40% | |
| 1 year6.40% annualised | ₹1,20,000 | ₹1,24,242 | 3.54% | |
| 3 years6.85% annualised | ₹3,60,000 | ₹4,00,677 | 11.30% | |
| 5 years6.29% annualised | ₹6,00,000 | ₹7,06,610 | 17.77% |
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.