Mahindra Manulife Short Term Fund
- NAV as on 25 Sep 2026
- ₹13.54-0.08%1 day
- Return since launch
- 5.6%
- 52-week range
- ₹12.93 — ₹13.58
- AUM
- ₹81.27 Cr
Mahindra Manulife Short Term Fund is a Short Duration debt fund from Mahindra Manulife Mutual Fund with ₹81.27 Cr under management, launched in 2021. Over three years it has returned 6.1% a year, against 6.7% for its category. The expense ratio is 1.24% and the SEBI riskometer reading is Moderate.
Performance
Mahindra Manulife Short Term Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +4.7% against +4.8% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 4.7% | +0.1 pts | 4.7% | 4.8% |
| 2Y | 5.4% | 0.0 pts | 5.4% | 5.5% |
| 3Y | 6.1% | −0.6 pts | 6.7% | 6.2% |
| 5Y | 6.2% | +0.2 pts | 6.0% | 6.3% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.0% | −0.1 pts | 0.1% | 0.1% |
| 3M | 0.4% | −0.2 pts | 0.6% | 0.6% |
| 6M | 2.9% | 0.0 pts | 2.9% | 3.0% |
| 1Y | 4.7% | 0.0 pts | 4.7% | 4.8% |
| 2Y | 6.1% | −0.1 pts | 6.2% | 6.3% |
| 3Y | 6.6% | −0.1 pts | 6.7% | 6.8% |
| 5Y | 5.6% | −0.5 pts | 6.0% | 5.8% |
Since launch (9 Feb 2021): 5.6%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 7.1% | −0.9 pts | 8.1% |
| 2024 | 7.4% | −0.9 pts | 8.3% |
| 2023 | 6.6% | −0.7 pts | 7.3% |
| 2022 | 2.7% | −2.2 pts | 5.0% |
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
1.23%
Expense ratio as on 25 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.09%
- Brokerage
- 0.00%
- Transaction charges
- 0.00%
- Statutory levies
- 0.14%
- Exit load
- 0%
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- CRISIL Short Duration Debt A-II 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 | 0.64 | 0.94 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 1.11 | 1.59 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 1.33 | 1.35 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Mahindra Manulife Short Term Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Debt94.0%
- Other6.0%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 6.46% | ₹5.25 Cr | +1.50% | +1.40% | +1.55% |
| REC Ltd. | Financial | 6.17% | ₹5.02 Cr | +6.00% | +5.61% | +9.08% |
| Power Finance Corporation Ltd. | Financial | 6.14% | ₹4.99 Cr | +5.97% | +5.58% | — |
| Embassy Office Parks REIT | Construction | 6.13% | ₹4.98 Cr | +5.96% | +5.69% | +6.55% |
| Small Industries Devp. Bank of India Ltd. | Financial | 6.10% | ₹4.96 Cr | +5.93% | +5.65% | +6.45% |
| Tata Capital Housing Finance Ltd. | Financial | 6.10% | ₹4.96 Cr | +5.92% | +5.61% | +6.44% |
| Godrej Seeds & Genetics Ltd. | Consumer Staples | 6.06% | ₹4.93 Cr | +5.88% | +5.55% | — |
| Mindspace Business Parks REIT | Construction | 6.06% | ₹4.93 Cr | +5.87% | +5.57% | +3.88% |
| National Bank For Agriculture & Rural Development | Financial | 6.04% | ₹4.91 Cr | +5.86% | +5.66% | — |
| Godrej Industries Ltd. | Consumer Staples | 5.55% | ₹4.51 Cr | +3.60% | +3.40% | +3.92% |
| GOI | Sovereign | 4.97% | ₹4.04 Cr | +3.40% | +5.96% | +6.86% |
| Bharti Telecom Ltd. | Communication | 3.73% | ₹3.03 Cr | +3.63% | +3.46% | +3.98% |
| company:1412 | Financial | 3.68% | ₹2.99 Cr | — | — | — |
| JM Financial Services Pvt. Ltd. | Financial | 3.67% | ₹2.98 Cr | +3.55% | +3.35% | — |
| Muthoot Finance Ltd. | Financial | 3.67% | ₹2.98 Cr | +1.08% | +3.39% | +3.91% |
| Shriram Finance Ltd | Financial | 3.10% | ₹2.52 Cr | +3.02% | — | +3.22% |
| Maharashtra State | Others | 3.07% | ₹2.50 Cr | +2.98% | +2.85% | — |
| National Housing Bank | Financial | 3.05% | ₹2.48 Cr | +5.89% | — | — |
| Bajaj Housing Finance Ltd. | Financial | 2.98% | ₹2.42 Cr | +2.90% | — | — |
| Piramal Finance Ltd. | Financial | 2.47% | ₹2.01 Cr | +2.41% | +2.26% | — |
| 360 ONE Wealth Ltd. | Financial | 1.85% | ₹1.50 Cr | +1.80% | +2.80% | +1.95% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| company:1412 | 0.00% | 3.68% | +3.68% |
| National Housing Bank | 6.09% | 3.05% | -3.04% |
| GOI | 2.22% | 4.97% | +2.75% |
| Tata Capital Housing Finance Ltd. | 6.03% | 6.10% | +0.07% |
| REC Ltd. | 6.11% | 6.17% | +0.06% |
| Godrej Seeds & Genetics Ltd. | 6.00% | 6.06% | +0.06% |
| Mindspace Business Parks REIT | 6.00% | 6.06% | +0.06% |
| Power Finance Corporation Ltd. | 6.08% | 6.14% | +0.06% |
| JM Financial Services Pvt. Ltd. | 3.62% | 3.67% | +0.05% |
| Small Industries Devp. Bank of India Ltd. | 6.05% | 6.10% | +0.05% |
| National Bank For Agriculture & Rural Development | 5.99% | 6.04% | +0.05% |
| Embassy Office Parks REIT | 6.09% | 6.13% | +0.04% |
| Bharti Telecom Ltd. | 3.69% | 3.73% | +0.04% |
| Piramal Finance Ltd. | 2.44% | 2.47% | +0.03% |
| Shriram Finance Ltd | 3.07% | 3.10% | +0.03% |
| Muthoot Finance Ltd. | 3.64% | 3.67% | +0.03% |
| 360 ONE Wealth Ltd. | 1.83% | 1.85% | +0.02% |
| Godrej Industries Ltd. | 1.83% | 1.85% | +0.02% |
| Bajaj Housing Finance Ltd. | 2.97% | 2.98% | +0.01% |
| Others | 0.31% | 0.32% | +0.01% |
| Maharashtra State | 3.07% | 3.07% | 0.00% |
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 | ₹11,181 Cr | 0.91% | 5.1% | 6.5% | 6.7% |
 ICICI Prudential Short Term Fund | ₹19,403 Cr | 1.05% | 5.1% | 6.6% | 6.8% |
 HDFC Short Term Fund | ₹14,486 Cr | 0.72% | 4.8% | 6.4% | 6.7% |
 Bandhan Short Term Fund | ₹8,731 Cr | 0.87% | 5.8% | 6.7% | 6.7% |
 Axis Short Term Fund | ₹7,501 Cr | 0.93% | 5.0% | 6.6% | 6.7% |
 Aditya Birla Sun Life Short Term Fund | ₹5,782 Cr | 0.96% | 4.7% | 6.3% | 6.5% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to generate income and capital appreciation through an actively managed diversified portfolio of Debt & Money Market instruments such that the Macaulay duration of the portfolio is between 1 year to 3 years.
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 months2.94% absolute | ₹60,000 | ₹61,764 | 2.94% | |
| 1 year4.72% annualised | ₹1,20,000 | ₹1,23,113 | 2.59% | |
| 3 years6.61% annualised | ₹3,60,000 | ₹3,99,158 | 10.88% | |
| 5 years5.59% annualised | ₹6,00,000 | ₹6,93,614 | 15.60% |
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.