Should I invest in Mahindra Manulife Dynamic Bond Fund?

We don't give personal investment advice. Mahindra Manulife Dynamic Bond Fund - Direct Plan - IDCW is suitable for an investor whose:time horizon matches the fund's modified duration — short-duration funds for 1-3 year goals, long-duration for 7+ yearsprimary goal is capital preservation or steady accrual, not high growthtax slab is moderate — high-slab investors should evaluate post-tax yield against tax-free alternatives (PPF, tax-free bonds)Cross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 8.0%. 5-year CAGR: 1.95%.

Mahindra Manulife

Mahindra Manulife Dynamic Bond Fund - Direct Plan - IDCW

Latest NAV

₹12.5838

As of

3 Jun 2026

1,879 NAV records on file

NAV history & peer comparison

All NAVs split-adjusted and normalised to 100 at the start of the selected period, so funds with very different absolute NAV scales can be compared on one axis.

Period

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Returns matrix

Fund return alongside the category average and peer rank for every standard window. Returns under one year are absolute; one year and longer are compound annualised (CAGR).

Window	Fund	Category avg	+/− vs avg	Rank	Quartile
1D	-0.05%	+17.32%	-17.38	64 / 68	Q4
1W	+0.09%	+14.16%	-14.07	56 / 70	Q4
2W	+0.27%	+15.97%	-15.71	47 / 69	Q3
1M	+0.11%	+15.90%	-15.78	43 / 69	Q3
3M	-0.09%	+15.94%	-16.03	35 / 69	Q3
6M	-0.15%	+17.09%	-17.24	51 / 69	Q3
YTD	+0.37%	+15.85%	-15.47	31 / 69	Q2
1Y	-0.47%	+18.41%	-18.87	43 / 69	Q3
2Y	+1.16%	+7.92%	-6.76	35 / 68	Q3
3Y	+0.62%	+2.85%	-2.22	35 / 63	Q3
4Y	+2.44%	+3.41%	-0.97	30 / 61	Q2
5Y	+1.95%	+3.09%	-1.14	29 / 56	Q3
7Y	+2.42%	+2.73%	-0.32	21 / 52	Q2
10Y	—	—	—	—	—
Inception	+2.97%	+7.98%	-5.01	27 / 68	Q2

Quartile legend: Q1 top 25% Q2 25-50% Q3 50-75% Q4 bottom 25%

Calendar-year returns

Full-year performance vs category average. Current year is partial (year-to-date).

Year	Fund	Category avg	+/− vs avg	Rank
2026 YTD	+0.37%	+0.03%	+0.34	22 / 55
2025	+0.64%	+2.58%	-1.94	36 / 57
2024	-1.88%	+4.34%	-6.21	57 / 57
2023	+6.97%	+1.22%	+5.75	9 / 60
2022	+1.96%	+21.54%	-19.58	24 / 59
2021	+3.53%	+0.27%	+3.26	10 / 55
2020	+1.10%	+3.18%	-2.08	32 / 52
2019	+8.45%	+2.95%	+5.50	11 / 53
2018	—	—	—	—

Rolling returns

Removes start-date bias by averaging CAGR over every overlapping N-year window in the fund's history. Higher average plus tight min/max plus high "% positive" = consistent.

1-Year rolling

+2.82%

83 windows

min -3.5% · max 9.5%

86% positive

3-Year rolling

+2.97%

59 windows

min 0.6% · max 5.0%

100% positive

Limited basis — fund is young, so this average may be skewed by which 3Y windows happen to be available.

5-Year rolling

+2.95%

35 windows

min 1.9% · max 4.5%

100% positive

Limited basis — fund is young, so this average may be skewed by which 5Y windows happen to be available.

7-Year rolling

+2.88%

10 windows

min 2.4% · max 3.3%

100% positive

Limited basis — fund is young, so this average may be skewed by which 7Y windows happen to be available.

SIP returns — historical "what if"

If you had invested every month in this fund over the chosen period, this is what your investment would be worth today.

Period

Total invested

₹ —

Today's value

₹ —

XIRR

Annualised

Wealth multiplier

Period	Total invested	Today's value	XIRR	Wealth multiplier

XIRR is the annualised internal rate of return on the SIP cash flow — invariant to the monthly amount. "Today's value" and "Total invested" scale linearly with the slider. Past performance does not guarantee future returns. Excludes exit load and taxes.

Risk profile

Risk-adjusted return and volatility, computed from monthly NAV returns over the trailing 3-year and 5-year windows.

Std deviation

5.10%

3-year · annualised

Sharpe ratio

-1.13

vs risk-free 6.5%

Sortino ratio

-1.27

Downside-only deviation

Max drawdown

-7.97%

Mar 2024 → Apr 2024

% positive months

69.4%

Share of monthly returns > 0 over the 3-year window

Sharpe / Sortino use a risk-free rate of 6.5% (1-year T-bill proxy). Higher Sharpe = more return per unit of total risk; higher Sortino = more return per unit of downside risk.

Peers in Dynamic Bond Fund

Scheme	Fund house	NAV	As of
HDFC Dynamic Debt Fund - Half Yearly IDCW - Direct Plan	HDFC	₹13.6543	3 Jun 2026
NIPPON INDIA DYNAMIC BOND FUND - Direct Plan - IDCW Option	Nippon India	₹29.9231	3 Jun 2026
SBI Dynamic Bond Fund - Direct Plan - Income Distribution cum Capital Withdrawal Option (IDCW)	SBI	₹22.6379	3 Jun 2026
ICICI Prudential All Seasons Bond Fund - Direct Plan - Annual IDCW	ICICI Prudential	₹11.2620	3 Jun 2026
BANDHAN Dynamic Bond Fund-Direct Plan-Annual IDCW	Bandhan	₹11.7487	3 Jun 2026
Quantum Dynamic Bond Fund - Direct Plan Monthly IDCW	Quantum	₹10.1944	3 Jun 2026
Aditya Birla Sun Life Dynamic Bond Fund -Direct - IDCW	Aditya Birla Sun Life	₹12.9569	3 Jun 2026
Franklin India Dynamic Accrual Fund-Segregated Portfolio 3 (9.50% Yes Bank Ltd CO 23Dec21) - Direct IDCW	Franklin India	₹0.0000	3 Jun 2026
Mirae Asset Dynamic Bond Fund Direct IDCW	Mirae Asset	₹18.5922	3 Jun 2026
Kotak Dynamic Bond Fund - Direct Plan - Standard Income Distribution cum capital withdrawal option	Kotak	₹14.8223	3 Jun 2026

Recent NAVs

Date	NAV
3 Jun 2026	₹12.5838
2 Jun 2026	₹12.5904
1 Jun 2026	₹12.5813
29 May 2026	₹12.5788
27 May 2026	₹12.5726
26 May 2026	₹12.5680
25 May 2026	₹12.5666
22 May 2026	₹12.5447
21 May 2026	₹12.5362
20 May 2026	₹12.5504

Frequently asked questions

These answers are generated from this fund's live metrics — NAV, returns, peer rank, drawdown, SIP backtest. Numbers refresh nightly after AMFI's NAV feed lands.

As of 03 Jun 2026, the NAV of Mahindra Manulife Dynamic Bond Fund - Direct Plan - IDCW is ₹12.5838. It's a Dynamic Bond Fund from Mahindra Manulife, run as a Direct plan IDCW (dividend) option. NAVs update once per business day from the AMFI feed.

Mahindra Manulife Dynamic Bond Fund - Direct Plan - IDCW has NAV history starting from 24 Aug 2018, a track record of about 7 years 9 months. That's enough history to evaluate the fund across one or two market cycles. Look at rolling returns rather than point-to-point to judge consistency.

Mahindra Manulife Dynamic Bond Fund - Direct Plan - IDCW is managed by Mahindra Manulife. It's classified by AMFI under the 'Dynamic Bond Fund' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, Mahindra Manulife Dynamic Bond Fund - Direct Plan - IDCW has delivered a absolute return of -0.47% — -18.87 pp behind the Dynamic Bond Fund category average of 18.41%. The fund ranks #43 of 69 in its category — the third (Q3) quartile.

Over the trailing 3-year window, Mahindra Manulife Dynamic Bond Fund - Direct Plan - IDCW has delivered a CAGR of 0.62% — -2.22 pp behind the Dynamic Bond Fund category average of 2.85%. The fund ranks #35 of 63 in its category — the third (Q3) quartile.

Over the trailing 5-year window, Mahindra Manulife Dynamic Bond Fund - Direct Plan - IDCW has delivered a CAGR of 1.95% — -1.14 pp behind the Dynamic Bond Fund category average of 3.09%. The fund ranks #29 of 56 in its category — the third (Q3) quartile.

₹1 lakh invested in Mahindra Manulife Dynamic Bond Fund - Direct Plan - IDCW exactly 5 years ago would be worth approximately ₹110,140 today — a multiplier of 1.10×, based on the 5-year CAGR of 1.95%. The category average over the same window would have grown ₹1 lakh to ₹116,442.

A ₹10,000 monthly SIP in Mahindra Manulife Dynamic Bond Fund - Direct Plan - IDCW over the last 5 years — total invested ₹600,000 — would be worth ₹620,983 today. That's an XIRR (money-weighted annualised return) of 1.35%.

Mahindra Manulife Dynamic Bond Fund - Direct Plan - IDCW doesn't yet have 10 years of NAVs. Over the longest available window (7-year SIP), ₹10,000/month would have grown to ₹895,041 — XIRR 1.79%.

On a 5-year basis, Mahindra Manulife Dynamic Bond Fund - Direct Plan - IDCW ranks #29 out of 56 funds in the Dynamic Bond Fund category — that places it in the third quartile (Q3) — below the median. The category average return over the same window is 3.09%; this fund delivered 1.95%.

The worst peak-to-trough decline Mahindra Manulife Dynamic Bond Fund - Direct Plan - IDCW has experienced over the last 5-year window is 7.97% — its NAV fell from a high on 11 Mar 2024 to a low on 19 Apr 2024. Drawdown is a useful gauge of how much short-term pain you'd have endured to capture the long-term return.

Across all 5-year rolling windows, Mahindra Manulife Dynamic Bond Fund - Direct Plan - IDCW averaged 2.95% (best 4.54%, worst 1.87%). 100% of rolling windows ended positive. The 5-year Sharpe ratio is -1.06 — negative risk-adjusted performance.

In calendar year 2025, Mahindra Manulife Dynamic Bond Fund - Direct Plan - IDCW returned 0.64% — lagging the Dynamic Bond Fund category average of 2.58% by 1.94 pp. It ranked #36 of 57 in its category that year.

Mahindra Manulife Dynamic Bond Fund - Direct Plan - IDCW is classified as a Debt fund. For units acquired on or after 1 April 2023, all gains are taxed at your income-tax slab rate regardless of holding period — there's no LTCG concession or indexation. For pre-April-2023 units, the old rules with indexation still apply on long-term gains.

We don't give personal investment advice. Mahindra Manulife Dynamic Bond Fund - Direct Plan - IDCW is suitable for an investor whose:

time horizon matches the fund's modified duration — short-duration funds for 1-3 year goals, long-duration for 7+ years
primary goal is capital preservation or steady accrual, not high growth
tax slab is moderate — high-slab investors should evaluate post-tax yield against tax-free alternatives (PPF, tax-free bonds)

Cross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 8.0%. 5-year CAGR: 1.95%.

Educational content only — not investment advice. Tax rules summarised above reflect Budget 2024; consult a qualified adviser before transacting.

Mahindra Manulife Dynamic Bond Fund - Direct Plan - IDCW

NAV history & peer comparison

Returns matrix

Calendar-year returns

Rolling returns

SIP returns — historical "what if"

Risk profile

Peers in Dynamic Bond Fund

Recent NAVs

Frequently asked questions

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