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

We don't give personal investment advice. Mahindra Manulife Ultra Short 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: 0.2%. 5-year CAGR: 4.46%.

Mahindra Manulife

Mahindra Manulife Ultra Short Duration Fund - Direct Plan - Daily IDCW

Latest NAV

₹1,252.9303

As of

17 Jul 2026

1,633 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	+0.04%	+0.03%	+0.01	61 / 102	Q3
1W	+0.11%	+0.08%	+0.03	20 / 102	Q1
2W	+0.16%	+0.09%	+0.06	12 / 102	Q1
1M	+0.63%	+0.21%	+0.42	25 / 101	Q1
3M	+1.62%	+0.79%	+0.84	23 / 101	Q1
6M	+3.56%	+1.49%	+2.07	12 / 101	Q1
YTD	+3.64%	+1.58%	+2.05	17 / 100	Q1
1Y	+6.50%	+2.50%	+4.00	16 / 99	Q1
2Y	+6.28%	+2.37%	+3.92	26 / 97	Q2
3Y	+4.75%	+2.28%	+2.47	25 / 95	Q2
4Y	+5.27%	+2.18%	+3.10	22 / 90	Q1
5Y	+4.46%	+2.07%	+2.39	22 / 88	Q1
7Y	—	—	—	—	—
10Y	—	—	—	—	—
Inception	+3.39%	+1.82%	+1.57	26 / 102	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	+3.64%	+1.02%	+2.62	7 / 80
2025	+6.82%	+1.97%	+4.85	20 / 80
2024	+1.99%	+2.28%	-0.28	27 / 80
2023	+5.83%	+2.52%	+3.30	25 / 78
2022	+3.23%	+1.51%	+1.72	26 / 86
2021	+0.88%	+1.50%	-0.62	29 / 78
2020	+0.48%	+1.97%	-1.49	36 / 81
2019	—	—	—	—

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

+3.37%

71 windows

min 0.0% · max 7.2%

100% positive

3-Year rolling

+3.58%

46 windows

min 1.2% · max 4.9%

100% positive

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

5-Year rolling

+3.35%

22 windows

min 2.2% · 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

—

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

0.97%

3-year · annualised

Sharpe ratio

-1.90

vs risk-free 6.5%

Sortino ratio

—

Downside-only deviation

Max drawdown

-0.07%

May 2026 → May 2026

% positive months

88.9%

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 Ultra Short Duration Fund

Scheme	Fund house	NAV	As of
HDFC Ultra Short Term Fund - Direct Plan-Daily IDCW Option	HDFC	₹10.0920	17 Jul 2026
NIPPON INDIA ULTRA SHORT DURATION FUND - DIRECT Plan - DAILY IDCW OPTION	Nippon India	₹1,114.1500	17 Jul 2026
SBI Ultra Short Duration Fund - Direct Plan - Daily Income Distribution cum Capital Withdrawal Option (IDCW)	SBI	₹2,427.1356	17 Jul 2026
ICICI Prudential Ultra Short Term Fund - Direct Plan - Monthly IDCW	ICICI Prudential	₹10.8052	17 Jul 2026
Invesco India Ultra Short Duration Fund - Direct Plan - Annual IDCW (Payout / Reinvestment)	Invesco	₹2,193.0141	17 Jul 2026
BANDHAN ULTRA SHORT DURATION FUND - DIRECT PLAN -MONTHLY IDCW	Bandhan	₹10.0637	17 Jul 2026
Aditya Birla Sun Life Savings Fund-DIRECT - DAILY IDCW	Aditya Birla Sun Life	₹100.0000	17 Jul 2026
Motilal Oswal Ultra Short Term Fund Direct - IDCW Daily Reinvestment	Motilal Oswal	₹11.7326	17 Jul 2026
Franklin India Ultra Short Duration Fund - Direct - IDCW	Franklin India	₹10.7367	17 Jul 2026
Mirae Asset Ultra Short Duration Fund Direct IDCW	Mirae Asset	₹1,415.0742	17 Jul 2026

Recent NAVs

Date	NAV
17 Jul 2026	₹1,252.9303
16 Jul 2026	₹1,252.3943
15 Jul 2026	₹1,251.9639
14 Jul 2026	₹1,251.6330
13 Jul 2026	₹1,252.1263
10 Jul 2026	₹1,251.5936
9 Jul 2026	₹1,251.2608
8 Jul 2026	₹1,250.7119
7 Jul 2026	₹1,251.1163
6 Jul 2026	₹1,251.4035

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 17 Jul 2026, the NAV of Mahindra Manulife Ultra Short Duration Fund - Direct Plan - Daily IDCW is ₹1,252.9303. It's a Ultra 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 Ultra Short Duration Fund - Direct Plan - Daily IDCW has NAV history starting from 18 Oct 2019, a track record of about 6 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 Ultra Short Duration Fund - Direct Plan - Daily IDCW is managed by Mahindra Manulife. It's classified by AMFI under the 'Ultra Short Duration Fund' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, Mahindra Manulife Ultra Short Duration Fund - Direct Plan - Daily IDCW has delivered a absolute return of 6.50% — +4 pp ahead of the Ultra Short Duration Fund category average of 2.50%. The fund ranks #16 of 99 in its category — the top (Q1) quartile.

Over the trailing 3-year window, Mahindra Manulife Ultra Short Duration Fund - Direct Plan - Daily IDCW has delivered a CAGR of 4.75% — +2.47 pp ahead of the Ultra Short Duration Fund category average of 2.28%. The fund ranks #25 of 95 in its category — the second (Q2) quartile.

Over the trailing 5-year window, Mahindra Manulife Ultra Short Duration Fund - Direct Plan - Daily IDCW has delivered a CAGR of 4.46% — +2.39 pp ahead of the Ultra Short Duration Fund category average of 2.07%. The fund ranks #22 of 88 in its category — the top (Q1) quartile.

₹1 lakh invested in Mahindra Manulife Ultra Short Duration Fund - Direct Plan - Daily IDCW exactly 5 years ago would be worth approximately ₹124,384 today — a multiplier of 1.24×, based on the 5-year CAGR of 4.46%. The category average over the same window would have grown ₹1 lakh to ₹110,770.

A ₹10,000 monthly SIP in Mahindra Manulife Ultra Short Duration Fund - Direct Plan - Daily IDCW over the last 5 years — total invested ₹600,000 — would be worth ₹684,599 today. That's an XIRR (money-weighted annualised return) of 5.22%.

Mahindra Manulife Ultra Short Duration Fund - Direct Plan - Daily IDCW doesn't yet have 10 years of NAVs. Over the longest available window (5-year SIP), ₹10,000/month would have grown to ₹684,599 — XIRR 5.22%.

On a 5-year basis, Mahindra Manulife Ultra Short Duration Fund - Direct Plan - Daily IDCW ranks #22 out of 88 funds in the Ultra Short Duration Fund category — that places it in the top quartile (Q1) — strong outperformance. The category average return over the same window is 2.07%; this fund delivered 4.46%.

The worst peak-to-trough decline Mahindra Manulife Ultra Short Duration Fund - Direct Plan - Daily IDCW has experienced over the last 5-year window is 0.23% — its NAV fell from a high on 29 Apr 2022 to a low on 13 May 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 Ultra Short Duration Fund - Direct Plan - Daily IDCW averaged 3.35% (best 4.46%, worst 2.23%). 100% of rolling windows ended positive. The 5-year Sharpe ratio is -2.29 — negative risk-adjusted performance.

In calendar year 2025, Mahindra Manulife Ultra Short Duration Fund - Direct Plan - Daily IDCW returned 6.82% — beating the Ultra Short Duration Fund category average of 1.97% by 4.85 pp. It ranked #20 of 80 in its category that year.

Mahindra Manulife Ultra Short 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 Ultra Short 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: 0.2%. 5-year CAGR: 4.46%.

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

Mahindra Manulife Ultra Short Duration Fund - Direct Plan - Daily IDCW

NAV history & peer comparison

Returns matrix

Calendar-year returns

Rolling returns

SIP returns — historical "what if"

Risk profile

Peers in Ultra Short Duration Fund

Recent NAVs

Frequently asked questions

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