Mahindra Manulife Ultra Short to Short Term Fund - Regular Plan - Daily IDCW
Ultra Short Duration Funds hold debt with a Macaulay duration of 3 to 6 months.
NAV · 16 Oct 2026₹999.1736▼ 0.01% (1 day)
- Current NAV₹999.1736
- Fund Size (AUM)—
- Expense Ratio—
- 1Y Return-0.85%
- 3Y Return (CAGR)-0.03%
- 5Y Return (CAGR)-0.12%
- Category Rank (3Y)—
- Riskometer—
- Min. SIP / Lump sum—
More figures (11)
- Since Launch (CAGR)-0.02%
- Benchmark—
- Volatility (3Y)0.21 %
- Sharpe Ratio (3Y)-30.88
- Beta (3Y)—
- 52-week High / Low₹1,008.20 / ₹998.6848
- Max Drawdown-1.3 %
- Launched16 Feb 2017
- Lock-in—
- Portfolio Turnover—
- Fund Managers—
Performance chart
Past performance may or may not be sustained in future.
Quick take
- Over 5 years it returned -0.1% a year.
- Volatility over 3 years was 0.2% a year, with a Sharpe ratio of -30.88.
- Its biggest fall from a peak was 1.3% (10 Jul 2020 to 8 Jul 2026).
- Across all 3-year periods since launch, yearly returns ranged from -0.4% to 0.3% and were positive 49% of the time.
Pros
AINo standout strengths in its record so far.
Cons
AI- Returns were negative in 51% of all 3-year periods since launch.
Pros and cons are generated automatically from the scheme's published figures. They are observations about past data, not a recommendation to invest, switch or redeem.
AI analysis
Plenitude AI reads the figures on this page and explains them in plain language.
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Book a free consultation Compare with other fundsReturns vs benchmark and category
| Returns (%) | 1W | 1M | 3M | 6M | YTD | 1Y | 2Y | 3Y | 5Y | 7Y | 10Y | Since launch |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| This fund | -0.09% | 0.00% | -0.06% | -0.48% | -0.81% | -0.85% | -0.26% | -0.03% | -0.12% | -0.09% | — | -0.02% |
Point-to-point NAV returns as on 16 Oct 2026; over 1 year, yearly compounded (CAGR). Category: Regular Growth plans in Ultra Short Duration Funds. Q1 = top quarter by return over that period.
Calendar-year returns
| Year | 2026 YTD | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| This fund | -0.81% | +0.28% | +0.45% | 0.00% | -0.50% | -0.47% | +0.25% | +0.28% | 0.00% |
January to December each year; the current year is to date.
Month-by-month returns (%)
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.1 | 0.0 | -0.2 | -0.1 | -0.3 | 0.0 | 0.0 | 0.0 | 0.0 | -0.1 | |||
| 2025 | 0.0 | 0.0 | 0.1 | 0.2 | 0.0 | 0.0 | 0.1 | -0.1 | 0.0 | 0.0 | 0.0 | -0.1 | 0.3 |
| 2024 | 0.0 | 0.0 | 0.1 | 0.1 | 0.0 | 0.1 | 0.1 | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 | 0.5 |
| 2023 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| 2022 | 0.0 | -0.1 | 0.0 | -0.1 | -0.3 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | -0.5 |
| 2021 | -0.2 | -0.1 | 0.0 | 0.0 | 0.0 | -0.1 | 0.0 | 0.0 | -0.1 | 0.0 | 0.0 | 0.0 | -0.5 |
| 2020 | 0.0 | 0.1 | -0.1 | -0.3 | 0.4 | 0.3 | 0.1 | -0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.3 |
| 2019 | 0.0 | 0.0 | 0.0 | -0.1 | 0.1 | 0.2 | 0.0 | 0.0 | -0.1 | 0.2 | 0.1 | 0.0 | 0.3 |
| 2018 | 0.0 | 0.0 | 0.0 | -0.1 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| 2017 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Change in NAV from the last business day of one month to the last business day of the next. Positive in 32 of 116 months shown (28%). "Year" is shown for complete calendar years.
Risk and consistency
| Risk measure | 3 years | 5 years |
|---|---|---|
| Volatility (standard deviation) ? | 0.21% | 0.22% |
| Sharpe ratio ? | -30.88 | -29.88 |
| Sortino ratio ? | -14.23 | -14.09 |
| Maximum drawdown | -0.96% | -0.96% |
Rolling 3-year returns (yearly)
Lowest-0.37%
Median0.00%
Highest+0.28%
Positive49% of periods
Above 12% a year0% of periods
Rolling 5-year returns (yearly)
Lowest-0.15%
Median-0.08%
Highest+0.13%
Positive5% of periods
Above 12% a year0% of periods
Every 3- and 5-year period since launch, checked weekly. It shows how consistent returns were, whenever someone invested.
SIP returns: ₹10,000 every month
| SIP for | Invested | Value today | Gain | XIRR |
|---|---|---|---|---|
| 1Y | ₹1,20,000 | ₹1,19,459 | ₹-541 | -0.83% |
| 3Y | ₹3,60,000 | ₹3,58,406 | ₹-1,594 | -0.29% |
| 5Y | ₹6,00,000 | ₹5,97,905 | ₹-2,095 | -0.14% |
A ₹10,000 instalment on the same date every month, valued at the latest NAV. XIRR is the yearly return on those dated instalments. Try the SIP calculator.
What your investment would be worth
Worked out from the scheme's weekly NAVs (instalments on the first NAV of each month), so it can differ slightly from your statement. Past performance may or may not be sustained in future. Plan a future SIP.
Compare with all Ultra Short Duration Funds (58)
| S.No. | Scheme (Regular plans, Growth) | NAV ₹ | 1M % | 6M % | 1Y % | 3Y % CAGR | 5Y % CAGR | Expense ratio % | Fund size ₹ Cr | Riskometer |
|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Aditya Birla Sun Life Ultra Short Term FundAditya Birla Sun Life Mutual Fund | ₹594.3255 | — | — | — | — | — | — | — | — |
| 2. | Aditya Birla Sun Life Ultra short to short term FundAditya Birla Sun Life Mutual Fund | ₹702.5237 | — | — | — | — | — | — | — | — |
| 3. | Axis Ultra Short Term FundAxis Mutual Fund | ₹15.8554 | — | — | — | — | — | — | — | — |
| 4. | Axis Ultra Short to Short Term FundAxis Mutual Fund | ₹3,339.27 | — | — | — | — | — | — | — | — |
| 5. | Axis Ultra Short to Short Term FundAxis Mutual Fund | ₹3,130.76 | — | — | — | — | — | — | — | — |
| 6. | Bajaj Finserv Ultra Short to Short Term FundBajaj Finserv Mutual Fund | ₹1,034.61 | — | — | — | — | — | — | — | — |
| 7. | BANDHAN ULTRA SHORT TERM FUNDBandhan Mutual Fund | ₹16.4624 | — | — | — | — | — | — | — | — |
| 8. | BANDHAN ULTRA SHORT TO SHORT TERM FUNDBandhan Mutual Fund | ₹41.5030 | — | — | — | — | — | — | — | — |
| 9. | BANK OF INDIA ULTRA SHORT TERM FUNDBank of India Mutual Fund | ₹3,402.94 | — | — | — | — | — | — | — | — |
| 10. | Baroda BNP Paribas Ultra Short Term FundBaroda BNP Paribas Mutual Fund | ₹1,670.38 | — | — | — | — | — | — | — | — |
| 11. | BARODA BNP PARIBAS ULTRA SHORT TO SHORT TERM FUNDBaroda BNP Paribas Mutual Fund | ₹43.0759 | — | — | — | — | — | — | — | — |
| 12. | BARODA BNP PARIBAS ULTRA SHORT TO SHORT TERM FUNDBaroda BNP Paribas Mutual Fund | ₹43.0012 | — | — | — | — | — | — | — | — |
| 13. | Canara Robeco Ultra Short Term FundCanara Robeco Mutual Fund | ₹4,087.73 | — | — | — | — | — | — | — | — |
| 14. | Canara Robeco Ultra Short to Short Term FundCanara Robeco Mutual Fund | ₹45.4377 | — | — | — | — | — | — | — | — |
| 15. | DSP Ultra Short Term FundDSP Mutual Fund | ₹3,666.29 | — | — | — | — | — | — | — | — |
| 16. | DSP Ultra Short to Short Term FundDSP Mutual Fund | ₹21.2913 | — | — | — | — | — | — | — | — |
| 17. | Edelweiss Ultra Short Term FundEdelweiss Mutual Fund | ₹1,007.91 | — | — | — | — | — | — | — | — |
| 18. | Edelweiss Ultra Short to Short Term FundEdelweiss Mutual Fund | ₹1,096.08 | — | — | — | — | — | — | — | — |
| 19. | Franklin India Ultra Short Term FundFranklin Templeton Mutual Fund | ₹11.4741 | — | — | — | — | — | — | — | — |
| 20. | Franklin India Ultra Short to Short Term FundFranklin Templeton Mutual Fund | ₹11.1019 | — | — | — | — | — | — | — | — |
| 21. | HDFC Ultra Short Term FundHDFC Mutual Fund | ₹16.3504 | — | — | — | — | — | — | — | — |
| 22. | HDFC Ultra Short to Short Term FundHDFC Mutual Fund | ₹61.9813 | — | — | — | — | — | — | — | — |
| 23. | HSBC Ultra Short to Short Term FundHSBC Mutual Fund | ₹30.8691 | — | — | — | — | — | — | — | — |
| 24. | ICICI Prudential Ultra Short term FundICICI Prudential Mutual Fund | ₹29.9630 | — | — | — | — | — | — | — | — |
| 25. | ICICI Prudential Ultra Short to Short Term FundICICI Prudential Mutual Fund | ₹587.9553 | — | — | — | — | — | — | — | — |
| 26. | Invesco India Ultra Short Term FundInvesco Mutual Fund | ₹2,912.89 | — | — | — | — | — | — | — | — |
| 27. | Invesco India Ultra Short to Short Term FundInvesco Mutual Fund | ₹4,068.42 | — | — | — | — | — | — | — | — |
| 28. | Invesco India Ultra Short to Short Term FundInvesco Mutual Fund | ₹3,595.59 | — | — | — | — | — | — | — | — |
| 29. | ITI Ultra Short Term FundITI Mutual Fund | ₹1,326.79 | — | — | — | — | — | — | — | — |
| 30. | JioBlackRock Ultra Short to Short Term FundJio BlackRock Mutual Fund | ₹1,003.98 | — | — | — | — | — | — | — | — |
| 31. | JM Ultra Short to Short Term FundJM Financial Mutual Fund | ₹39.8382 | — | — | — | — | — | — | — | — |
| 32. | Kotak Ultra Short Term FundKotak Mahindra Mutual Fund | ₹46.2278 | — | — | — | — | — | — | — | — |
| 33. | Kotak Ultra Short to Short Term FundKotak Mahindra Mutual Fund | ₹3,583.01 | — | — | — | — | — | — | — | — |
| 34. | LIC MF Ultra Short Term FundLIC Mutual Fund | ₹1,420.49 | — | — | — | — | — | — | — | — |
| 35. | LIC MF Ultra Short to Short Term fundLIC Mutual Fund | ₹42.5867 | — | — | — | — | — | — | — | — |
| 36. | Mahindra Manulife Ultra Short Term FundMahindra Manulife Mutual Fund | ₹1,485.96 | — | — | — | — | — | — | — | — |
| 37. | Mahindra Manulife Ultra Short to Short Term FundMahindra Manulife Mutual Fund | ₹1,754.23 | — | — | — | — | — | — | — | — |
| 38. | Mirae Asset Ultra Short to Short Term FundMirae Asset Mutual Fund | ₹2,426.17 | — | — | — | — | — | — | — | — |
| 39. | Mirae Asset Ultra Short-Term FundMirae Asset Mutual Fund | ₹1,417.13 | — | — | — | — | — | — | — | — |
| 40. | Motilal Oswal Ultra Short Term FundMotilal Oswal Mutual Fund | ₹17.5926 | — | — | — | — | — | — | — | — |
| 41. | Nippon India Ultra Short Term FundNippon India Mutual Fund | ₹4,352.49 | — | — | — | — | — | — | — | — |
| 42. | Nippon India Ultra Short to Short Term FundNippon India Mutual Fund | ₹4,029.01 | — | — | — | — | — | — | — | — |
| 43. | Nippon India Ultra Short to Short Term FundNippon India Mutual Fund | ₹3,840.49 | — | — | — | — | — | — | — | — |
| 44. | PGIM India Ultra Short Term FundPGIM India Mutual Fund | ₹36.5732 | — | — | — | — | — | — | — | — |
| 45. | SBI ULTRA SHORT TERM FUNDSBI Mutual Fund | ₹6,460.85 | — | — | — | — | — | — | — | — |
| 46. | SBI Ultra Short to Short Term FundSBI Mutual Fund | ₹3,747.24 | — | — | — | — | — | — | — | — |
| 47. | SBI Ultra Short to Short Term FundSBI Mutual Fund | ₹3,813.33 | — | — | — | — | — | — | — | — |
| 48. | Sundaram Ultra Short Term Fund (Formerly Known as Sundaram Ultra Short Duration Fund)Sundaram Mutual Fund | ₹2,869.87 | — | — | — | — | — | — | — | — |
| 49. | Sundaram Ultra Short to Short Term Fund (Formerly Known as Sundaram Low Duration Fund)Sundaram Mutual Fund | ₹3,700.56 | — | — | — | — | — | — | — | — |
| 50. | Tata Ultra Short Term FundTata Mutual Fund | ₹15.2887 | — | — | — | — | — | — | — | — |
| 51. | Tata Ultra Short to Short Term FundTata Mutual Fund | ₹4,238.25 | — | — | — | — | — | — | — | — |
| 52. | Union Short Term FundUnion Mutual Fund | ₹10.9878 | — | — | — | — | — | — | — | — |
| 53. | Union Ultra Short to Short Term FundUnion Mutual Fund | ₹10.6221 | — | — | — | — | — | — | — | — |
| 54. | UTI Ultra Short Term FundUTI Mutual Fund | ₹3,273.11 | — | — | — | — | — | — | — | — |
| 55. | UTI Ultra Short Term FundUTI Mutual Fund | ₹4,567.97 | — | — | — | — | — | — | — | — |
| 56. | UTI Ultra Short to Short Term FundUTI Mutual Fund | ₹6,777.26 | — | — | — | — | — | — | — | — |
| 57. | UTI Ultra Short to Short Term FundUTI Mutual Fund | ₹3,831.88 | — | — | — | — | — | — | — | — |
| 58. | WhiteOak Capital Ultra Short Term FundWhiteOak Capital Mutual Fund | ₹1,464.03 | — | — | — | — | — | — | — | — |
| Median: 58 schemes | — | — | — | — | — | — | — | — | — |
Detailed comparison with another fund About Ultra Short Duration Funds
Sorted by 3-year return; tap a heading to sort. Expense ratio and fund size are from published scheme data ("—" = not available yet). Sorting by past returns is a way to explore data, not a ranking of which fund to choose.
Scheme details
- Fund house
- Mahindra Manulife Mutual Fund
- Category
- Ultra Short Duration Funds · Debt
- Plan / option
- Regular · IDCW (income distribution)
- AMFI scheme code
- 140614
- ISIN
- INF174V01226
- Exit load & portfolio
- See the scheme's KIM and monthly factsheet on the fund house website.
About Ultra Short Duration Funds
Ultra Short Duration Funds hold debt with a Macaulay duration of 3 to 6 months.
Generally used by money needed in about 3–6 months.
Other plans of this scheme
- Mahindra Manulife Ultra Short to Short Term Fund - Direct Plan - Growth
- Mahindra Manulife Ultra Short to Short Term Fund - Regular Plan - Growth
- Mahindra Manulife Ultra Short to Short Term Fund - Direct Plan - Daily IDCW
- Mahindra Manulife Ultra Short to Short Term Fund - Direct Plan - Monthly IDCW
- Mahindra Manulife Ultra Short to Short Term Fund - Direct Plan - Weekly IDCW
- Mahindra Manulife Ultra Short to Short Term Fund - Regular Plan - Monthly IDCW
- Mahindra Manulife Ultra Short to Short Term Fund - Regular Plan - Weekly IDCW
Tax on your gains
Tax treatment depends on what the fund holds: equity-oriented if at least 65% is in Indian shares (directly or through equity funds), debt-oriented if over 65% is in debt, otherwise the "other" rules.
- Dividends (IDCW option) are added to your income and taxed at your slab rate; the fund deducts 10% TDS when they exceed ₹10,000 in a year.
- Switching from one scheme or plan to another counts as selling and buying.
- Surcharge and 4% health and education cess apply on top of these rates.
| Fund type | Short-term | Long-term |
|---|---|---|
| Equity-oriented | 20% (up to 12 months) | 12.5% above ₹1.25 lakh |
| Debt-oriented (bought from Apr 2023) | Slab rate | Slab rate |
| Gold, international, other hybrid | Slab rate | 12.5% (after 12 or 24 months) |
Exit load, if any, is set out in the scheme's KIM. Tax rules change from time to time and depend on your situation; please confirm with your tax adviser. This is general information, not tax advice.
Latest news: Mahindra Manulife Mutual Fund
- Mahindra Manulife Mutual Fund debuts in SIF segment with an equity long-short fundLivemint · 30 Sep
- NFO Alert: Mahindra Manulife Mutual Fund debuts in SIF segment with MSIF Equity Long-Short FundThe Economic Times · 29 Sep
- Mahindra Manulife MF enters SIF segment with long-short equity fundCNBC TV18 · 29 Sep
Headlines from Google News about this fund house and its schemes over the last 30 days. Lists of "best funds" and buy or sell calls are left out. Links open the publisher's site.
Questions about this scheme
What is the NAV of Mahindra Manulife Ultra Short to Short Term Fund today?
The latest NAV of Mahindra Manulife Ultra Short to Short Term Fund - Regular Plan - Daily IDCW is ₹999.1736 as on 16 Oct 2026, as published by AMFI. NAVs are updated every business day evening.
What returns has Mahindra Manulife Ultra Short to Short Term Fund given?
As on 16 Oct 2026: 1 year -0.85%, 3 years -0.03% a year, 5 years -0.12% a year. Past returns may or may not be sustained in future.
What is the expense ratio of Mahindra Manulife Ultra Short to Short Term Fund?
See the scheme's latest factsheet on the fund house website for its expense ratio.
How risky is this fund?
Over 3 years its volatility was 0.2% a year and its biggest fall from a peak was 1.0%. Mutual fund investments are subject to market risks.
What is the difference between Direct and Regular plans?
Both plans hold the same portfolio. A Direct plan is bought straight from the fund house and has a lower expense ratio. A Regular plan is bought through a distributor, who is paid a commission from the expense ratio, so its NAV grows slightly slower.
What are Ultra Short Duration Funds?
Ultra Short Duration Funds hold debt with a Macaulay duration of 3 to 6 months.
How are gains from Mahindra Manulife Ultra Short to Short Term Fund taxed?
It depends on how much the fund holds in Indian shares; see the tax section on this page and confirm with your tax adviser.
Important. NAVs are from AMFI and mfapi.in; benchmark closes from Yahoo Finance; expense ratio, fund size and managers from published scheme data (Kuvera). Figures may be delayed; confirm with the fund house before transacting. Ranks and quartiles are positions by past return and are not a rating or recommendation. Mutual fund investments are subject to market risks; read all scheme-related documents carefully before investing. Plenitude Connect Private Limited is an AMFI-registered Mutual Fund Distributor (ARN-130934) and earns commission from fund houses on Regular plans (see Disclosures).
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