Mutual Fund

The Mahindra Manulife Low Duration Fund is an open-ended debt scheme that invests in instruments with a Macaulay duration between 6 to 12 months, aiming to provide reasonable returns with low to moderate risk and high liquidity.

Fund Overview:

• Asset Class: Debt
• Asset Sub-Class: Low Duration

Performance Metrics (as of October 31, 2024):

• 1-Year Return: 7.14%
• 3-Year Return: 5.94%
• 5-Year Return: 5.38%
• Since Inception (CAGR): 5.94%

Note: XIRR is not specifically provided; however, the since inception return can be considered as CAGR.

Fund Details:

• Expense Ratio: 1.09%
• Minimum Investment Amount:
  • Lump Sum: ₹1,000
  • SIP: ₹500
• Lock-in Period: None
• Exit Load: Nil

Asset Allocation & Other Details (as of October 31, 2024):

• Annualised Portfolio YTM: 7.73%
• Macaulay Duration: 333.69 days
• Residual Maturity: 437.96 days

Fund Manager:

• Name: Mr. Rahul Pal
• Experience: Over 22 years in the Fixed Income segment; managing this fund since February 15, 2017

This fund is suitable for investors seeking regular income over the short term through investment in debt and money market instruments.