Mahindra Manulife Liquid Fund
- NAV as on 10 Nov 2026
- ₹1,846.25+0.03%1 day
- Return since launch
- 6.1%
- 52-week range
- ₹1,733.77 — ₹1,844.75
- AUM
- ₹1,337 Cr
Mahindra Manulife Liquid Fund is a Liquid debt fund from Mahindra Manulife Mutual Fund with ₹1,337 Cr under management, launched in 2016. Over three years it has returned 6.6% a year, against 6.7% 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 | 6.5% | +0.2 pts | 6.3% | 6.3% |
| 2Y | 6.4% | +0.1 pts | 6.3% | 6.3% |
| 3Y | 6.6% | −0.1 pts | 6.7% | 6.5% |
| 5Y | 6.7% | +0.4 pts | 6.3% | 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 | 0.4% | 0.5% |
| 3M | 1.5% | +0.1 pts | 1.4% | 1.5% |
| 6M | 3.2% | +0.1 pts | 3.1% | 3.1% |
| 1Y | 6.4% | +0.1 pts | 6.3% | 6.3% |
| 2Y | 6.5% | +0.1 pts | 6.4% | 6.4% |
| 3Y | 6.8% | +0.1 pts | 6.7% | 6.7% |
| 5Y | 6.4% | +0.1 pts | 6.3% | 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 6 Nov 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 | 4.98 | 5.05 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 11.70 | 12.32 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 0.21 | 0.21 | 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 30 Sep 2026
Asset allocation
- Debt97.3%
- Other2.7%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Indian Bank | Financial | 7.12% | ₹74.19 Cr | — | — | — |
| REC Ltd. | Financial | 4.78% | ₹49.83 Cr | — | — | — |
| Reserve Bank of India | Financial | 4.78% | ₹49.80 Cr | +9.78% | +3.44% | +7.32% |
| Small Industries Devp. Bank of India Ltd. | Financial | 4.78% | ₹49.79 Cr | +4.84% | +4.86% | — |
| Tata Realty and Infrastructure Ltd. | Construction | 4.78% | ₹49.78 Cr | +4.88% | +2.94% | +3.42% |
| Union Bank of India | Financial | 4.78% | ₹49.82 Cr | — | — | +4.88% |
| Bharat Petroleum Corporation Ltd. | Energy | 4.77% | ₹49.64 Cr | — | — | — |
| Canara Bank | Financial | 4.75% | ₹49.46 Cr | +4.84% | +4.39% | +2.44% |
| HDFC Bank Ltd. | Financial | 4.73% | ₹49.31 Cr | +4.86% | +4.86% | +4.87% |
| Ceat Ltd. | Automobile | 4.03% | ₹41.92 Cr | — | — | — |
| Mirae Asset Sharekhan Financial Services Ltd. | Financial | 3.80% | ₹39.57 Cr | — | +2.45% | — |
| HDFC Securities Ltd. | Financial | 3.34% | ₹34.74 Cr | +2.43% | — | — |
| Nuvama Wealth Finance Ltd. | Financial | 3.32% | ₹34.60 Cr | +2.41% | +0.49% | — |
| GOI | Sovereign | 2.47% | ₹25.70 Cr | — | +0.36% | — |
| DSP Finance Pvt Ltd. | Financial | 2.38% | ₹24.75 Cr | +1.46% | +3.41% | — |
| Godrej Properties Ltd. | Construction | 2.38% | ₹24.75 Cr | +2.42% | — | +2.44% |
| JM Financial Services Pvt. Ltd. | Financial | 2.38% | ₹24.83 Cr | — | — | +1.48% |
| Motilal Oswal Financial Services Ltd. | Financial | 2.38% | ₹24.74 Cr | +3.40% | +4.89% | +3.92% |
| Tata Housing Devp. Co. Ltd | Construction | 2.38% | ₹24.76 Cr | +2.43% | +2.43% | +4.89% |
| Axis Securities Ltd. | Others | 2.37% | ₹24.70 Cr | — | — | — |
| Nuvama Wealth and Investment Limited | Financial | 1.90% | ₹19.78 Cr | +2.42% | — | +2.43% |
| Fedbank Financial Services Ltd. | Financial | 1.43% | ₹14.94 Cr | — | — | — |
| Others | Others | -12.78% | ₹-133.07 Cr | +0.99% | +0.96% | +0.96% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Indian Bank | 0.00% | 7.12% | +7.12% |
| company:4842 | 5.37% | 0.00% | -5.37% |
| Canara Bank | 0.00% | 4.75% | +4.75% |
| Ceat Ltd. | 0.00% | 4.03% | +4.03% |
| company:5721 | 3.58% | 0.00% | -3.58% |
| company:1272 | 3.57% | 0.00% | -3.57% |
| Axis Securities Ltd. | 0.00% | 2.37% | +2.37% |
| company:7202 | 1.80% | 0.00% | -1.80% |
| company:522 | 1.79% | 0.00% | -1.79% |
| company:5989 | 1.79% | 0.00% | -1.79% |
| Nuvama Wealth Finance Ltd. | 1.79% | 3.32% | +1.53% |
| Tata Realty and Infrastructure Ltd. | 3.55% | 4.78% | +1.23% |
| Bharat Petroleum Corporation Ltd. | 3.55% | 4.77% | +1.22% |
| Union Bank of India | 3.56% | 4.78% | +1.22% |
| REC Ltd. | 3.56% | 4.78% | +1.22% |
| Reserve Bank of India | 3.56% | 4.78% | +1.22% |
| Small Industries Devp. Bank of India Ltd. | 3.58% | 4.78% | +1.20% |
| Mirae Asset Sharekhan Financial Services Ltd. | 2.82% | 3.80% | +0.98% |
| HDFC Securities Ltd. | 2.48% | 3.34% | +0.86% |
| GOI | 1.84% | 2.47% | +0.63% |
| Motilal Oswal Financial Services Ltd. | 1.77% | 2.38% | +0.61% |
| Tata Housing Devp. Co. Ltd | 1.77% | 2.38% | +0.61% |
| DSP Finance Pvt Ltd. | 1.77% | 2.38% | +0.61% |
| JM Financial Services Pvt. Ltd. | 1.77% | 2.38% | +0.61% |
| Godrej Properties Ltd. | 1.79% | 2.38% | +0.59% |
| Nuvama Wealth and Investment Limited | 1.41% | 1.90% | +0.49% |
| Fedbank Financial Services Ltd. | 1.07% | 1.43% | +0.36% |
| company:7990 | 0.36% | 0.00% | -0.36% |
| Others | 0.24% | 0.32% | +0.08% |
| HDFC Bank Ltd. | 4.65% | 4.73% | +0.08% |
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 | ₹16,105 Cr | 0.20% | 6.5% | 6.6% | 6.7% |
 Axis Liquid Fund | ₹53,784 Cr | 0.26% | 6.5% | 6.6% | 6.7% |
 Edelweiss Liquid Fund | ₹17,831 Cr | 0.19% | 6.5% | 6.6% | 6.7% |
 Franklin India Liquid Fund | ₹4,811 Cr | 0.20% | 6.6% | 6.7% | 6.7% |
 Bank of India Liquid Fund | ₹2,326 Cr | 0.15% | 6.5% | 6.6% | 6.7% |
 PGIM India Liquid Fund | ₹1,773 Cr | 0.22% | 6.5% | 6.6% | 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 months3.21% absolute | ₹60,000 | ₹61,926 | 3.21% | |
| 1 year6.42% annualised | ₹1,20,000 | ₹1,24,256 | 3.55% | |
| 3 years6.82% annualised | ₹3,60,000 | ₹4,00,487 | 11.25% | |
| 5 years6.36% annualised | ₹6,00,000 | ₹7,07,926 | 17.99% |
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.