About Mahindra Manulife Ultra Short Term Fund
Mahindra Manulife Ultra Short Term Fund is a ultra short duration fund managed by Mahindra Manulife Mutual Fund. Debt funds with a portfolio duration of 3 to 6 months. Suited to money needed in a few months.
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.
The scheme's stated objective, as published by Mahindra Manulife Mutual Fund.
The NAV (net asset value) is the price of one unit of the fund. It is published by the fund house every business day and changes with the value of the fund's holdings. The Growth option reinvests all gains, so its NAV reflects the fund's total return.
Tax on your gains
Gains on debt fund units bought on or after 1 April 2023 are added to your income and taxed at your slab rate, however long you hold them. Units bought before that date follow the older long-term rules.
Work out what you would owe with the capital gains tax calculator.
Every plan and option, with scheme codes
| Plan | Option | NAV | Scheme code |
|---|---|---|---|
| Direct | Growth | ₹1,537.5093 | 147731 |
| Direct | Daily IDCW | ₹1,278.2471 | 147733 |
| Direct | Weekly IDCW | ₹1,001.6764 | 147732 |
| Regular | Growth | ₹1,492.4861 | 147734 |
| Regular | Daily IDCW | ₹1,117.2021 | 147729 |
| Regular | Weekly IDCW | ₹1,001.5567 | 147730 |
Frequently asked questions
What is the NAV of Mahindra Manulife Ultra Short Term Fund today?
The NAV of Mahindra Manulife Ultra Short Term Fund (Direct plan, Growth) is ₹1,537.5093 and the Regular plan NAV is ₹1,492.4861, as of 13 Nov 2026.
What returns has Mahindra Manulife Ultra Short Term Fund given?
Over the last year the Direct plan returned 6.54%, and 7.23% a year over 3 years and 6.68% a year over 5 years. That places it 11 of 23 funds in its category over 3 years. Past returns do not guarantee future returns.
What is the expense ratio of Mahindra Manulife Ultra Short Term Fund?
The Direct plan charges 0.31% a year, as disclosed on 30 Sept 2026. The fee is already taken out of the NAV, so the returns above are what you keep.
What is the minimum SIP amount in Mahindra Manulife Ultra Short Term Fund?
You can start a monthly SIP with ₹500, or invest a lump sum of ₹1,000 or more.
How much has Mahindra Manulife Ultra Short Term Fund fallen in the past?
Its deepest fall was 0.5% from 11 Mar 2020 to 24 Mar 2020. Of every one-year stretch in its history, 100% ended in a gain.
Which category does Mahindra Manulife Ultra Short Term Fund belong to?
It is a Ultra Short Duration Fund from Mahindra Manulife Mutual Fund. Debt funds with a portfolio duration of 3 to 6 months. Suited to money needed in a few months.
What is the difference between the Direct and Regular plan?
Both invest in the same portfolio. The Direct plan is bought straight from the fund house or a direct platform and has a lower expense ratio because no distributor commission is paid, so its NAV grows slightly faster over time.
How are gains from Mahindra Manulife Ultra Short Term Fund taxed?
Gains on debt fund units bought on or after 1 April 2023 are added to your income and taxed at your slab rate, however long you hold them. Units bought before that date follow the older long-term rules.
Source: NAVs published by the fund house through AMFI. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance does not guarantee future returns. This page is for information only and is not a recommendation to buy or sell.