Should I invest in Mahindra Manulife Low Duration Fund - Daily IDCW?

We don't give personal investment advice. Mahindra Manulife Low Duration 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: 4.6%. 5-year CAGR: 3.90%.

Mahindra Manulife

Mahindra Manulife Low Duration Fund - Direct Plan - Daily IDCW

Latest NAV

₹1,246.6092

As of

3 Jun 2026

2,246 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	+0.01%	+0.02%	-0.01	59 / 87	Q3
1W	+0.20%	-4.24%	+4.43	42 / 91	Q2
2W	+0.28%	-2.10%	+2.38	4 / 89	Q1
1M	+0.24%	-2.19%	+2.43	10 / 87	Q1
3M	+1.27%	-2.06%	+3.33	5 / 87	Q1
6M	+2.60%	-1.60%	+4.19	5 / 86	Q1
YTD	+2.19%	-1.70%	+3.89	3 / 86	Q1
1Y	+6.03%	-0.19%	+6.22	6 / 86	Q1
2Y	+5.87%	+2.47%	+3.40	23 / 81	Q2
3Y	+4.73%	+2.22%	+2.51	23 / 76	Q2
4Y	+5.25%	+2.25%	+3.00	22 / 73	Q2
5Y	+3.90%	+2.13%	+1.78	24 / 69	Q2
7Y	+2.44%	+2.14%	+0.30	26 / 69	Q2
10Y	—	—	—	—	—
Inception	+2.39%	+1.88%	+0.51	29 / 86	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	+2.19%	+0.49%	+1.70	1 / 75
2025	+7.47%	+2.26%	+5.21	17 / 73
2024	+1.92%	+2.19%	-0.27	22 / 76
2023	+5.93%	-0.53%	+6.47	20 / 78
2022	+4.62%	+1.51%	+3.11	5 / 73
2021	-2.69%	+1.54%	-4.23	67 / 69
2020	-1.82%	+3.37%	-5.20	68 / 69
2019	-0.27%	-1.02%	+0.75	47 / 69
2018	+4.85%	+1.75%	+3.10	14 / 65
2017	—	—	—	—

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

+2.37%

102 windows

min -2.7% · max 7.9%

67% positive

3-Year rolling

+1.83%

77 windows

min -1.6% · max 5.2%

83% positive

5-Year rolling

+1.64%

53 windows

min 0.1% · max 3.9%

100% positive

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

7-Year rolling

+1.90%

29 windows

min 1.5% · max 2.4%

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

1.01%

3-year · annualised

Sharpe ratio

-1.82

vs risk-free 6.5%

Sortino ratio

—

Downside-only deviation

Max drawdown

-0.23%

May 2026 → May 2026

% positive months

72.2%

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 Low Duration Fund

Scheme	Fund house	NAV	As of
HDFC Low Duration Fund - Direct Plan - Daily IDCW	HDFC	₹10.0655	3 Jun 2026
NIPPON INDIA LOW DURATION FUND - DIRECT Plan - DAILY IDCW Option	Nippon India	₹1,012.2892	3 Jun 2026
SBI Low Duration Fund - Direct Plan - Daily Income Distribution cum Capital Withdrawal Option (IDCW)	SBI	₹1,473.8948	3 Jun 2026
ICICI Prudential Savings Fund - Direct Plan - Daily IDCW	ICICI Prudential	₹105.7358	3 Jun 2026
Invesco India Low Duration Fund - Direct Plan - Discretionary IDCW (Payout / Reinvestment)	Invesco	₹4,153.7681	3 Jun 2026
BANDHAN Low Duration Fund-Direct Plan-Daily IDCW	Bandhan	₹10.1108	3 Jun 2026
Aditya Birla Sun Life Low Duration Fund -Direct - daily IDCW	Aditya Birla Sun Life	₹100.0001	3 Jun 2026
Franklin India Low Duration Fund-Direct-IDCW	Franklin India	₹10.5878	3 Jun 2026
Mirae Asset Low Duration Fund - Direct Plan - Daily IDCW	Mirae Asset	₹1,208.9337	3 Jun 2026
Kotak Low Duration Fund - Direct Plan - Monthly - Reinvestment & Payout of Income Distribution cum Capital Withdrawal Option	Kotak	₹1,000.2840	3 Jun 2026

Recent NAVs

Date	NAV
3 Jun 2026	₹1,246.6092
2 Jun 2026	₹1,246.5023
1 Jun 2026	₹1,246.0928
29 May 2026	₹1,245.3850
27 May 2026	₹1,244.1707
26 May 2026	₹1,243.7504
25 May 2026	₹1,243.7850
22 May 2026	₹1,242.6218
21 May 2026	₹1,242.1784
20 May 2026	₹1,243.1489

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 Low Duration Fund - Direct Plan - Daily IDCW is ₹1,246.6092. It's a Low Duration Fund from Mahindra Manulife, run as a Direct plan IDCW (dividend) option. NAVs update once per business day from the AMFI feed.

Mahindra Manulife Low Duration Fund - Direct Plan - Daily IDCW has NAV history starting from 16 Feb 2017, a track record of about 9 years 3 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 Low Duration Fund - Direct Plan - Daily IDCW is managed by Mahindra Manulife. It's classified by AMFI under the 'Low Duration Fund' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, Mahindra Manulife Low Duration Fund - Direct Plan - Daily IDCW has delivered a absolute return of 6.03% — +6.22 pp ahead of the Low Duration Fund category average of -0.19%. The fund ranks #6 of 86 in its category — the top (Q1) quartile.

Over the trailing 3-year window, Mahindra Manulife Low Duration Fund - Direct Plan - Daily IDCW has delivered a CAGR of 4.73% — +2.51 pp ahead of the Low Duration Fund category average of 2.22%. The fund ranks #23 of 76 in its category — the second (Q2) quartile.

Over the trailing 5-year window, Mahindra Manulife Low Duration Fund - Direct Plan - Daily IDCW has delivered a CAGR of 3.90% — +1.78 pp ahead of the Low Duration Fund category average of 2.13%. The fund ranks #24 of 69 in its category — the second (Q2) quartile.

₹1 lakh invested in Mahindra Manulife Low Duration Fund - Direct Plan - Daily IDCW exactly 5 years ago would be worth approximately ₹121,105 today — a multiplier of 1.21×, based on the 5-year CAGR of 3.90%. The category average over the same window would have grown ₹1 lakh to ₹111,103.

A ₹10,000 monthly SIP in Mahindra Manulife Low Duration Fund - Direct Plan - Daily IDCW over the last 5 years — total invested ₹600,000 — would be worth ₹680,204 today. That's an XIRR (money-weighted annualised return) of 4.96%.

Mahindra Manulife Low Duration Fund - Direct Plan - Daily IDCW doesn't yet have 10 years of NAVs. Over the longest available window (7-year SIP), ₹10,000/month would have grown to ₹967,864 — XIRR 3.99%.

On a 5-year basis, Mahindra Manulife Low Duration Fund - Direct Plan - Daily IDCW ranks #24 out of 69 funds in the Low Duration Fund category — that places it in the second quartile (Q2) — above the median. The category average return over the same window is 2.13%; this fund delivered 3.90%.

The worst peak-to-trough decline Mahindra Manulife Low Duration Fund - Direct Plan - Daily IDCW has experienced over the last 5-year window is 4.60% — its NAV fell from a high on 10 Dec 2021 to a low on 13 Dec 2021. 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 Low Duration Fund - Direct Plan - Daily IDCW averaged 1.64% (best 3.90%, worst 0.15%). 100% of rolling windows ended positive. The 5-year Sharpe ratio is -1.16 — negative risk-adjusted performance.

In calendar year 2025, Mahindra Manulife Low Duration Fund - Direct Plan - Daily IDCW returned 7.47% — beating the Low Duration Fund category average of 2.26% by 5.21 pp. It ranked #17 of 73 in its category that year.

Mahindra Manulife Low Duration 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 Low Duration 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: 4.6%. 5-year CAGR: 3.90%.

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