Should I invest in Mahindra Manulife Short Duration Fund?

We don't give personal investment advice. Mahindra Manulife Short Duration 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: 4.3%. 5-year CAGR: 3.18%.

Mahindra Manulife

Mahindra Manulife Short Duration Fund - Direct Plan - IDCW

Latest NAV

₹11.9266

As of

3 Jun 2026

1,271 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%	+0.03%	-0.04	61 / 70	Q4
1W	+0.19%	+0.45%	-0.26	47 / 75	Q3
2W	+0.38%	+3.30%	-2.92	12 / 73	Q1
1M	+0.20%	+3.91%	-3.71	21 / 73	Q2
3M	-3.23%	+3.67%	-6.90	66 / 73	Q4
6M	-2.15%	+4.08%	-6.23	64 / 73	Q4
YTD	-2.45%	+4.25%	-6.70	66 / 73	Q4
1Y	+0.69%	+5.25%	-4.56	35 / 73	Q2
2Y	+3.03%	+6.08%	-3.05	35 / 69	Q3
3Y	+3.26%	+5.06%	-1.81	34 / 67	Q3
4Y	+3.28%	+4.91%	-1.63	28 / 58	Q2
5Y	+3.18%	+4.32%	-1.14	25 / 53	Q2
7Y	—	—	—	—	—
10Y	—	—	—	—	—
Inception	+3.39%	+3.21%	+0.19	29 / 69	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	-2.45%	+0.03%	-2.48	53 / 57
2025	+3.65%	+12.93%	-9.28	31 / 62
2024	+4.71%	+3.52%	+1.19	26 / 64
2023	+3.70%	-1.39%	+5.09	28 / 65
2022	+3.72%	+1.79%	+1.93	13 / 60
2021	—	—	—	—

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

+3.71%

53 windows

min 0.6% · max 5.6%

100% positive

Limited basis — fund is young, so this average may be skewed by which 1Y windows happen to be available.

3-Year rolling

+3.84%

28 windows

min 3.2% · max 5.3%

100% positive

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

5-Year rolling

+3.48%

4 windows

min 3.2% · max 4.3%

100% positive

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

7-Year rolling

—

Insufficient history

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

3.87%

3-year · annualised

Sharpe ratio

-0.83

vs risk-free 6.5%

Sortino ratio

-0.95

Downside-only deviation

Max drawdown

-4.30%

Mar 2026 → Apr 2026

% positive months

91.7%

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 Short Duration Fund

Scheme	Fund house	NAV	As of
HDFC Short Term Debt Fund - Fortnightly IDCW - Direct Plan	HDFC	₹10.3067	3 Jun 2026
NIPPON INDIA SHORT DURATION FUND - Direct Plan - IDCW Option	Nippon India	₹24.4258	3 Jun 2026
SBI Short Term Debt Fund - Direct Plan - Monthly Income Distribution cum Capital Withdrawal Option (IDCW)	SBI	₹19.8855	3 Jun 2026
ICICI Prudential Short Term Fund - Direct Plan - Monthly IDCW	ICICI Prudential	₹12.6802	3 Jun 2026
Invesco India Short Duration Fund - Direct Plan - Daily IDCW (Reinvestment)	Invesco	₹1,023.1248	3 Jun 2026
Bandhan Short Duration Fund - Direct Plan - Annual IDCW	Bandhan	₹10.8737	3 Jun 2026
Aditya Birla Sun Life Short Term Fund - DIRECT - IDCW	Aditya Birla Sun Life	₹10.8440	3 Jun 2026
Franklin India Short term Income Plan- Retail Plan-Segregated Portfolio 3 (9.50% Yes Bank Ltd CO 23Dec21) - Direct Monthly - IDCW	Franklin India	₹0.0000	3 Jun 2026
Mirae Asset Short Duration Fund - Direct Plan - IDCW	Mirae Asset	₹17.3593	3 Jun 2026
Kotak Bond Short Term Plan - Direct - Standard Income Distribution cum capital withdrawal option	Kotak	₹15.9032	3 Jun 2026

Recent NAVs

Date	NAV
3 Jun 2026	₹11.9266
2 Jun 2026	₹11.9283
1 Jun 2026	₹11.9182
29 May 2026	₹11.9159
27 May 2026	₹11.9038
26 May 2026	₹11.8957
25 May 2026	₹11.8969
22 May 2026	₹11.8768
21 May 2026	₹11.8692
20 May 2026	₹11.8817

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 Short Duration Fund - Direct Plan - IDCW is ₹11.9266. It's a Short 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 Short Duration Fund - Direct Plan - IDCW has NAV history starting from 25 Feb 2021, a track record of about 5 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 Short Duration Fund - Direct Plan - IDCW is managed by Mahindra Manulife. It's classified by AMFI under the 'Short Duration Fund' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, Mahindra Manulife Short Duration Fund - Direct Plan - IDCW has delivered a absolute return of 0.69% — -4.56 pp behind the Short Duration Fund category average of 5.25%. The fund ranks #35 of 73 in its category — the second (Q2) quartile.

Over the trailing 3-year window, Mahindra Manulife Short Duration Fund - Direct Plan - IDCW has delivered a CAGR of 3.26% — -1.81 pp behind the Short Duration Fund category average of 5.06%. The fund ranks #34 of 67 in its category — the third (Q3) quartile.

Over the trailing 5-year window, Mahindra Manulife Short Duration Fund - Direct Plan - IDCW has delivered a CAGR of 3.18% — -1.14 pp behind the Short Duration Fund category average of 4.32%. The fund ranks #25 of 53 in its category — the second (Q2) quartile.

₹1 lakh invested in Mahindra Manulife Short Duration Fund - Direct Plan - IDCW exactly 5 years ago would be worth approximately ₹116,938 today — a multiplier of 1.17×, based on the 5-year CAGR of 3.18%. The category average over the same window would have grown ₹1 lakh to ₹123,551.

A ₹10,000 monthly SIP in Mahindra Manulife Short Duration Fund - Direct Plan - IDCW over the last 5 years — total invested ₹600,000 — would be worth ₹642,672 today. That's an XIRR (money-weighted annualised return) of 2.71%.

Mahindra Manulife Short Duration Fund - Direct Plan - IDCW doesn't yet have 10 years of NAVs. Over the longest available window (5-year SIP), ₹10,000/month would have grown to ₹642,672 — XIRR 2.71%.

On a 5-year basis, Mahindra Manulife Short Duration Fund - Direct Plan - IDCW ranks #25 out of 53 funds in the Short Duration Fund category — that places it in the second quartile (Q2) — above the median. The category average return over the same window is 4.32%; this fund delivered 3.18%.

The worst peak-to-trough decline Mahindra Manulife Short Duration Fund - Direct Plan - IDCW has experienced over the last 5-year window is 4.30% — its NAV fell from a high on 10 Mar 2026 to a low on 02 Apr 2026. 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 Short Duration Fund - Direct Plan - IDCW averaged 3.48% (best 4.28%, worst 3.18%). 100% of rolling windows ended positive. The 5-year Sharpe ratio is -0.93 — negative risk-adjusted performance.

In calendar year 2025, Mahindra Manulife Short Duration Fund - Direct Plan - IDCW returned 3.65% — lagging the Short Duration Fund category average of 12.93% by 9.28 pp. It ranked #31 of 62 in its category that year.

Mahindra Manulife Short Duration 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 Short Duration 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: 4.3%. 5-year CAGR: 3.18%.

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

Mahindra Manulife Short Duration Fund - Direct Plan - IDCW

NAV history & peer comparison

Returns matrix

Calendar-year returns

Rolling returns

SIP returns — historical "what if"

Risk profile

Peers in Short Duration Fund

Recent NAVs

Frequently asked questions

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