Mahindra Manulife Ultra Short Duration Fund Datagrid
Category Ultra Short Duration Fund
BMSMONEY Rank 10
Rating
Growth Option 27-04-2026
NAV ₹1444.24(R) +0.03% ₹1484.44(D) +0.03%
Returns 1Y 3Y 5Y 7Y 10Y
Lumpsum Regular 6.16% 6.9% 5.91% -% -%
Direct 6.61% 7.35% 6.36% -% -%
Benchmark
SIP (XIRR) Regular 6.15% 6.76% 6.55% -% -%
Direct 6.6% 7.21% 7.0% -% -%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
3.23 2.02 0.68 0.89% -3.78
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
0.3% 0.0% 0.0% 0.12 0.23%
Fund AUM As on: 30/12/2025 206 Cr
Top Ultra Short Duration Fund
Fund Name Rank Rating
Aditya Birla Sun Life Savings Fund 1
Mirae Asset Ultra Short Duration Fund 2
Icici Prudential Ultra Short Term Fund 3
Sbi Ultra Short Duration Fund 4
Baroda BNP Paribas Ultra Short Duration Fund 5

NAV Date: 27-04-2026

Scheme Name NAV Rupee Change Percent Change
Mahindra Manulife Ultra Short Duration Fund - Regular Plan - Weekly IDCW 1000.41
-0.2500
-0.0200%
Mahindra Manulife Ultra Short Duration Fund - Direct Plan - Weekly IDCW 1000.44
-0.3100
-0.0300%
Mahindra Manulife Ultra Short Duration Fund - Regular Plan - Daily IDCW 1100.89
0.3100
0.0300%
Mahindra Manulife Ultra Short Duration Fund - Direct Plan - Daily IDCW 1234.04
0.3900
0.0300%
Mahindra Manulife Ultra Short Duration Fund - Regular Plan - Growth 1444.24
0.4100
0.0300%
Mahindra Manulife Ultra Short Duration Fund - Direct Plan -Growth 1484.44
0.4700
0.0300%

Review Date: 27-04-2026

Beginning of Analysis

In the Ultra Short Duration Fund category, Mahindra Manulife Ultra Short Duration Fund is the 9th ranked fund. The category has total 23 funds. The 4 star rating shows a very good past performance of the Mahindra Manulife Ultra Short Duration Fund in Ultra Short Duration Fund. The fund has a Jensen Alpha of 0.89% which is higher than the category average of 0.75%. Here the fund has shown good performance in terms of risk adjusted returns. The fund has a Sharpe Ratio of 3.23 which is higher than the category average of 2.64.
The past performance of the fund may or may not be sustained in the future. The review is not investment advice nor is it a recommendation to buy or sell funds. The ranking is based on proprietary methodology developed by bmsmoney. The methodology is based on the past performance of the funds and does not guarantee future performance.
Ultra Short Duration Mutual Funds are ideal for conservative investors seeking stable returns with minimal interest rate risk. These funds invest in debt and money market instruments with a portfolio duration of 3 to 6 months, making them less sensitive to interest rate changes compared to longer-duration funds. While they offer stable returns with relatively lower risk, they may underperform in a falling interest rate environment. Investors should carefully assess their risk tolerance, investment horizon, and financial goals before investing in these funds. Additionally, choosing funds managed by experienced professionals can help optimize risk-adjusted returns.

Mahindra Manulife Ultra Short Duration Fund Return Analysis

  • The fund has given a return of 0.82%, 1.84 and 3.16 in last one, three and six months respectively. In the same period the category average return was 0.79%, 1.75% and 3.11% respectively.
  • Mahindra Manulife Ultra Short Duration Fund has given a return of 6.61% in last one year. In the same period the Ultra Short Duration Fund category average return was 6.56%.
  • The fund has given a return of 7.35% in last three years and ranked 10.0th out of twenty three funds in the category. In the same period the Ultra Short Duration Fund category average return was 7.26%.
  • The fund has given a return of 6.36% in last five years and ranked 10th out of twenty one funds in the category. In the same period the Ultra Short Duration Fund category average return was 6.36%.
  • The fund has given a SIP return of 6.6% in last one year whereas category average SIP return is 6.5%. The fund one year return rank in the category is 6th in 23 funds
  • The fund has SIP return of 7.21% in last three years and ranks 9th in 23 funds. Nippon India Ultra Short Duration Fund has given the highest SIP return (7.49%) in the category in last three years.
  • The fund has SIP return of 7.0% in last five years whereas category average SIP return is 6.94%.

Mahindra Manulife Ultra Short Duration Fund Risk Analysis

  • The fund has a standard deviation of 0.3 and semi deviation of 0.23. The category average standard deviation is 0.3 and semi deviation is 0.22.
  • The fund has a beta of 0.11 which shows that fund is less volatile than the benchmark.

Standard deviation measures the fund's return volatility and Semi deviation focuses on downside volatility. Value at Risk (VaR) is a measure of the risk of investments. Maximum Drawdown is the maximum loss from a peak to a trough of a portfolio. Beta measures the volatility of the fund compared to the benchmark. A beta of 1 indicates that the fund will move in line with the benchmark. A beta of more than 1 indicates that the fund will be more volatile than the benchmark and vice versa.


  • Very Good Performance in Ultra Short Duration Fund Category
  • Good Performance in Ultra Short Duration Fund Category
  • Poor Performance in Ultra Short Duration Fund Category
  • Very Poor Performance in Ultra Short Duration Fund Category

    • Investors beware: Mutual Fund investments are subject to market risks. Please read the scheme related documents carefully.

    Data Source: www.amfiindia.com

    SEBI Categorization


    KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % 0.78
    0.74
    		0.62 | 0.85 7 | 23 Good
    3M Return % 1.73
    1.62
    		1.40 | 1.74 2 | 23 Very Good
    6M Return % 2.95
    2.84
    		2.44 | 3.03 5 | 23 Very Good
    1Y Return % 6.16
    5.99
    		5.18 | 6.45 8 | 23 Good
    3Y Return % 6.90
    6.70
    		5.72 | 7.30 9 | 23 Good
    5Y Return % 5.91
    5.87
    		4.83 | 6.71 11 | 21 Good
    1Y SIP Return % 6.15
    5.92
    		5.11 | 6.29 6 | 22 Very Good
    3Y SIP Return % 6.76
    6.56
    		5.57 | 7.14 8 | 22 Good
    5Y SIP Return % 6.55
    6.42
    		5.40 | 6.93 9 | 20 Good
    Standard Deviation 0.30
    0.30
    		0.22 | 0.37 12 | 23 Good
    Semi Deviation 0.23
    0.22
    		0.17 | 0.26 16 | 23 Average
    Sharpe Ratio 3.23
    2.64
    		-0.59 | 3.92 11 | 23 Good
    Sterling Ratio 0.68
    0.66
    		0.57 | 0.73 9 | 23 Good
    Sortino Ratio 2.02
    1.85
    		-0.19 | 3.16 12 | 23 Good
    Jensen Alpha % 0.89
    0.75
    		-0.19 | 1.28 11 | 23 Good
    Treynor Ratio -3.78
    -4.28
    		-6.10 | -3.02 5 | 23 Very Good
    Modigliani Square Measure % 8.78
    8.28
    		5.70 | 9.38 11 | 23 Good
    Alpha % -1.22
    -1.41
    		-2.31 | -0.79 9 | 23 Good
    Return data last Updated On : April 27, 2026.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : March 30, 2026
    KPIs: Key Performance Indicators

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    KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % 0.82 0.79 0.66 | 0.89 9 | 23 Good
    3M Return % 1.84 1.75 1.66 | 1.85 3 | 23 Very Good
    6M Return % 3.16 3.11 2.96 | 3.32 6 | 23 Very Good
    1Y Return % 6.61 6.56 6.14 | 6.94 9 | 23 Good
    3Y Return % 7.35 7.26 6.48 | 7.61 10 | 23 Good
    5Y Return % 6.36 6.36 5.53 | 7.54 10 | 21 Good
    1Y SIP Return % 6.60 6.50 6.17 | 6.89 6 | 23 Very Good
    3Y SIP Return % 7.21 7.14 6.38 | 7.49 9 | 23 Good
    5Y SIP Return % 7.00 6.94 6.14 | 7.38 10 | 21 Good
    Standard Deviation 0.30 0.30 0.22 | 0.37 12 | 23 Good
    Semi Deviation 0.23 0.22 0.17 | 0.26 16 | 23 Average
    Sharpe Ratio 3.23 2.64 -0.59 | 3.92 11 | 23 Good
    Sterling Ratio 0.68 0.66 0.57 | 0.73 9 | 23 Good
    Sortino Ratio 2.02 1.85 -0.19 | 3.16 12 | 23 Good
    Jensen Alpha % 0.89 0.75 -0.19 | 1.28 11 | 23 Good
    Treynor Ratio -3.78 -4.28 -6.10 | -3.02 5 | 23 Very Good
    Modigliani Square Measure % 8.78 8.28 5.70 | 9.38 11 | 23 Good
    Alpha % -1.22 -1.41 -2.31 | -0.79 9 | 23 Good
    Return data last Updated On : April 27, 2026.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : March 30, 2026
    KPIs: Key Performance Indicators

    Disclaimer: Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. Returns for periods above 1 year are annualised.


    Date Mahindra Manulife Ultra Short Duration Fund NAV Regular Growth Mahindra Manulife Ultra Short Duration Fund NAV Direct Growth
    27-04-2026 1444.2446 1484.4418
    24-04-2026 1443.8388 1483.974
    23-04-2026 1443.809 1483.9265
    22-04-2026 1444.0002 1484.1061
    21-04-2026 1443.9886 1484.0774
    20-04-2026 1443.7503 1483.8157
    17-04-2026 1443.0683 1483.0639
    16-04-2026 1442.7374 1482.7066
    15-04-2026 1442.3399 1482.2809
    13-04-2026 1441.3239 1481.2031
    10-04-2026 1440.4839 1480.2892
    09-04-2026 1439.6649 1479.4307
    08-04-2026 1438.7314 1478.4546
    07-04-2026 1437.2392 1476.9043
    06-04-2026 1436.6811 1476.3139
    02-04-2026 1435.7221 1475.2613
    30-03-2026 1434.3281 1473.7783
    27-03-2026 1433.0231 1472.3866

    Fund Launch Date: 10/Oct/2019
    Fund Category: Ultra Short Duration Fund
    Investment Objective: The investment objective of the Scheme is to generate regular income and capital appreciation through investment in a portfolio of short term debt & money market instruments such that the Macaulay duration of the portfolio is between 3 - 6 months. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.
    Fund Description: An open ended ultra-short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 to 6 months (Please refer to page 31 of SID)
    Fund Benchmark: CRISIL Ultra Short Term Debt Index
    Source: Fund FactSheet

    Disclaimer: NO INVESTMENT ADVICE. The Content is for informational purposes only.