Should I invest in Mahindra Manulife Liquid Fund - Daily IDCW?

We don't give personal investment advice. Mahindra Manulife Liquid Fund - Direct Plan - Daily 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: 0.0%. 5-year CAGR: 5.15%.

Mahindra Manulife

Mahindra Manulife Liquid Fund - Direct Plan - Daily IDCW

Latest NAV

₹1,286.7686

As of

19 Jul 2026

2,881 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	+0.02%	-0.03%	+0.05	92 / 139	Q3
1W	+0.11%	-0.02%	+0.13	12 / 139	Q1
2W	+0.20%	+0.01%	+0.19	45 / 139	Q2
1M	+0.54%	+0.02%	+0.52	25 / 139	Q1
3M	+1.58%	+0.19%	+1.39	21 / 138	Q1
6M	+3.38%	+0.51%	+2.86	17 / 136	Q1
YTD	+3.62%	+0.50%	+3.11	16 / 135	Q1
1Y	+6.39%	+1.02%	+5.38	13 / 128	Q1
2Y	+6.66%	+1.17%	+5.49	19 / 127	Q1
3Y	+6.91%	+1.38%	+5.53	13 / 122	Q1
4Y	+6.38%	+1.27%	+5.11	15 / 114	Q1
5Y	+5.15%	+1.20%	+3.96	16 / 113	Q1
7Y	+3.66%	+0.83%	+2.83	15 / 107	Q1
10Y	+2.55%	+0.66%	+1.89	9 / 73	Q1
Inception	+2.54%	+1.25%	+1.29	29 / 139	Q1

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	+3.62%	+0.37%	+3.24	15 / 120
2025	+6.31%	+1.10%	+5.21	16 / 115
2024	+7.45%	+1.42%	+6.03	4 / 118
2023	+7.14%	+1.63%	+5.51	2 / 112
2022	+1.10%	+1.11%	-0.01	34 / 116
2021	+0.19%	+0.45%	-0.26	27 / 107
2020	+0.03%	+0.35%	-0.32	26 / 110
2019	+0.03%	+1.19%	-1.16	31 / 99
2018	+0.02%	+1.03%	-1.01	39 / 91
2017	+0.00%	+1.12%	-1.12	52 / 87
2016	—	—	—	—

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

+2.51%

111 windows

min 0.0% · max 7.5%

84% positive

3-Year rolling

+2.29%

86 windows

min 0.0% · max 7.0%

99% positive

5-Year rolling

+1.99%

62 windows

min 0.0% · max 5.2%

100% positive

7-Year rolling

+2.22%

38 windows

min 0.7% · max 3.7%

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

0.27%

3-year · annualised

Sharpe ratio

—

vs risk-free 6.5%

Sortino ratio

—

Downside-only deviation

Max drawdown

-0.01%

Jul 2026 → Jul 2026

% positive months

100.0%

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 Liquid Fund

Scheme	Fund house	NAV	As of
HDFC Liquid Fund - IDCW Daily - Direct Plan	HDFC	₹1,019.8200	19 Jul 2026
NIPPON INDIA LIQUID FUND - DIRECT Plan - DAILY IDCW OPTION	Nippon India	₹1,528.7400	19 Jul 2026
SBI Liquid Fund - Direct Paln - Fortnightly Income Distribution cum Capital Withdrawal Option (IDCW)	SBI	₹1,436.4633	19 Jul 2026
ICICI Prudential Liquid Fund - Direct Plan - IDCW Others	ICICI Prudential	₹193.1300	19 Jul 2026
Invesco India Liquid Fund - Direct Plan - Monthly IDCW (Payout / Reinvestment)	Invesco	₹1,086.1962	19 Jul 2026
BANDHAN LIQUID Fund -Direct Plan -Monthly IDCW	Bandhan	₹1,010.8163	19 Jul 2026
quant Liquid Fund - Monthly IDCW Option - Direct Plan	Quant	₹15.7900	19 Jul 2026
Aditya Birla Sun Life Liquid Fund -Direct - daily IDCW	Aditya Birla Sun Life	₹100.1950	19 Jul 2026
Motilal Oswal Liquid Fund Direct - IDCW Quarterly Payout/Reinvestment	Motilal Oswal	₹10.3227	19 Jul 2026
Franklin India Liquid Fund - Super Institutional Plan - Direct - Daily - IDCW	Franklin India	₹1,002.8152	19 Jul 2026

Recent NAVs

Date	NAV
19 Jul 2026	₹1,286.7686
18 Jul 2026	₹1,286.5462
17 Jul 2026	₹1,286.3239
16 Jul 2026	₹1,285.9474
15 Jul 2026	₹1,285.6796
14 Jul 2026	₹1,285.5306
13 Jul 2026	₹1,285.4952
12 Jul 2026	₹1,285.3007
10 Jul 2026	₹1,284.8610
9 Jul 2026	₹1,284.4694

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 19 Jul 2026, the NAV of Mahindra Manulife Liquid Fund - Direct Plan - Daily IDCW is ₹1,286.7686. It's a Liquid Fund from Mahindra Manulife, run as a Direct plan IDCW (dividend) option. NAVs update once per business day from the AMFI feed.

Mahindra Manulife Liquid Fund - Direct Plan - Daily IDCW has NAV history starting from 04 Jul 2016, a track record of about 10 years. 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 Liquid Fund - Direct Plan - Daily IDCW is managed by Mahindra Manulife. It's classified by AMFI under the 'Liquid Fund' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, Mahindra Manulife Liquid Fund - Direct Plan - Daily IDCW has delivered a absolute return of 6.39% — +5.38 pp ahead of the Liquid Fund category average of 1.02%. The fund ranks #13 of 128 in its category — the top (Q1) quartile.

Over the trailing 3-year window, Mahindra Manulife Liquid Fund - Direct Plan - Daily IDCW has delivered a CAGR of 6.91% — +5.53 pp ahead of the Liquid Fund category average of 1.38%. The fund ranks #13 of 122 in its category — the top (Q1) quartile.

Over the trailing 5-year window, Mahindra Manulife Liquid Fund - Direct Plan - Daily IDCW has delivered a CAGR of 5.15% — +3.96 pp ahead of the Liquid Fund category average of 1.20%. The fund ranks #16 of 113 in its category — the top (Q1) quartile.

₹1 lakh invested in Mahindra Manulife Liquid Fund - Direct Plan - Daily IDCW exactly 10 years ago would be worth approximately ₹128,657 today — a multiplier of 1.29×, based on the 10-year CAGR of 2.55%. The category average over the same window would have grown ₹1 lakh to ₹106,825.

A ₹10,000 monthly SIP in Mahindra Manulife Liquid Fund - Direct Plan - Daily IDCW over the last 5 years — total invested ₹600,000 — would be worth ₹703,876 today. That's an XIRR (money-weighted annualised return) of 6.32%.

A ₹10,000 monthly SIP for 10 years in Mahindra Manulife Liquid Fund - Direct Plan - Daily IDCW = ₹1,200,000 invested. It would currently be worth ₹1,475,594 (multiplier 1.23×). XIRR: 4.05%. Long-horizon SIP results matter more than point-to-point returns because they smooth out entry timing.

On a 5-year basis, Mahindra Manulife Liquid Fund - Direct Plan - Daily IDCW ranks #16 out of 113 funds in the Liquid Fund category — that places it in the top quartile (Q1) — strong outperformance. The category average return over the same window is 1.20%; this fund delivered 5.15%.

The worst peak-to-trough decline Mahindra Manulife Liquid Fund - Direct Plan - Daily IDCW has experienced over the last 5-year window is 0.03% — its NAV fell from a high on 01 Mar 2022 to a low on 27 Sep 2022. 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 Liquid Fund - Direct Plan - Daily IDCW averaged 1.99% (best 5.15%, worst 0.01%). 100% of rolling windows ended positive. The 5-year Sharpe ratio is -1.78 — negative risk-adjusted performance.

In calendar year 2025, Mahindra Manulife Liquid Fund - Direct Plan - Daily IDCW returned 6.31% — beating the Liquid Fund category average of 1.10% by 5.21 pp. It ranked #16 of 115 in its category that year.

Mahindra Manulife Liquid Fund - Direct Plan - Daily 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 Liquid Fund - Direct Plan - Daily 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: 0.0%. 5-year CAGR: 5.15%.

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