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 - Regular 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: 1.86%.

Mahindra Manulife

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

Latest NAV

₹1,102.6290

As of

3 Jun 2026

1,602 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%	-0.01%	+0.02	34 / 68	Q2
1W	+0.05%	+0.09%	-0.04	40 / 68	Q3
2W	+0.08%	+0.08%	+0.01	36 / 68	Q3
1M	+0.16%	+0.10%	+0.06	28 / 68	Q2
3M	+0.27%	+0.66%	-0.38	25 / 68	Q2
6M	+0.23%	+1.06%	-0.83	28 / 68	Q2
YTD	+0.21%	+1.03%	-0.81	28 / 68	Q2
1Y	+1.47%	+1.67%	-0.20	25 / 68	Q2
2Y	+2.80%	+1.71%	+1.09	18 / 68	Q2
3Y	+1.93%	+1.73%	+0.20	24 / 67	Q2
4Y	+2.04%	+1.82%	+0.22	21 / 63	Q2
5Y	+1.86%	+1.74%	+0.12	21 / 61	Q2
7Y	—	—	—	—	—
10Y	—	—	—	—	—
Inception	+1.48%	+1.56%	-0.08	19 / 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	+0.21%	+0.62%	-0.41	21 / 58
2025	+4.16%	+1.68%	+2.48	14 / 58
2024	+1.21%	+2.18%	-0.97	23 / 59
2023	+0.77%	+2.14%	-1.37	25 / 60
2022	+2.57%	+1.48%	+1.09	19 / 58
2021	+0.37%	+0.94%	-0.58	21 / 51
2020	+0.55%	+1.79%	-1.24	25 / 54
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

+1.62%

69 windows

min -0.1% · max 5.2%

88% positive

3-Year rolling

+1.54%

45 windows

min 1.1% · max 2.3%

100% positive

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

5-Year rolling

+1.56%

21 windows

min 0.9% · max 1.9%

100% positive

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

7-Year rolling

—

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

0.87%

3-year · annualised

Sharpe ratio

-5.29

vs risk-free 6.5%

Sortino ratio

—

Downside-only deviation

Max drawdown

-0.15%

Mar 2024 → Aug 2024

% positive months

61.1%

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
Invesco India Ultra Short Duration Fund - Regular Plan - Annual IDCW (Payout / Reinvestment)	Invesco	₹1,135.0363	3 Jun 2026
BANDHAN ULTRA SHORT DURATION FUND - REGULAR PLAN DAILY IDCW	Bandhan	₹10.0519	3 Jun 2026
Motilal Oswal Ultra Short Term Fund Regular - IDCW Daily Reinvestment	Motilal Oswal	₹11.4495	3 Jun 2026
Mirae Asset Ultra Short Duration Fund Regular IDCW	Mirae Asset	₹1,380.3485	3 Jun 2026
DSP BlackRock Money Manager Fund - Regular Plan - Daily Dividend Reinvest	DSP BlackRock	₹1,005.4914	3 Jun 2026
DSP Ultra Short Fund - Regular Plan - IDCW - Monthly	DSP	₹1,079.6373	3 Jun 2026
HSBC Ultra Short Duration Fund - Regular Daily IDCW	HSBC	₹1,031.7278	3 Jun 2026
Baroda BNP Paribas Ultra Short Duratio Fund- Regular Plan- Weekly IDCW	Baroda BNP Paribas	₹1,000.1417	3 Jun 2026
CANARA ROBECO ULTRA SHORT TERM FUND - REGULAR PLAN - MONTHLY IDCW (Payout/Reinvestment)	Canara Robeco	₹1,001.8780	3 Jun 2026
UTI Ultra Short Duration Fund - Regular Plan - Annual IDCW	UTI	₹1,458.4141	3 Jun 2026

Recent NAVs

Date	NAV
3 Jun 2026	₹1,102.6290
2 Jun 2026	₹1,102.4206
1 Jun 2026	₹1,102.0555
29 May 2026	₹1,102.0555
27 May 2026	₹1,102.0555
26 May 2026	₹1,101.7010
25 May 2026	₹1,101.7687
22 May 2026	₹1,101.2751
21 May 2026	₹1,101.2060
20 May 2026	₹1,101.7226

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 Ultra Short Duration Fund - Regular Plan - Daily IDCW is ₹1,102.6290. It's a Ultra Short Duration Fund from Mahindra Manulife, run as a Regular plan IDCW (dividend) option. NAVs update once per business day from the AMFI feed.

Mahindra Manulife Ultra Short Duration Fund - Regular Plan - Daily IDCW has NAV history starting from 18 Oct 2019, a track record of about 6 years 7 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 - Regular 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 - Regular Plan - Daily IDCW has delivered a absolute return of 1.47% — -0.2 pp behind the Ultra Short Duration Fund category average of 1.67%. The fund ranks #25 of 68 in its category — the second (Q2) quartile.

Over the trailing 3-year window, Mahindra Manulife Ultra Short Duration Fund - Regular Plan - Daily IDCW has delivered a CAGR of 1.93% — +0.2 pp ahead of the Ultra Short Duration Fund category average of 1.73%. The fund ranks #24 of 67 in its category — the second (Q2) quartile.

Over the trailing 5-year window, Mahindra Manulife Ultra Short Duration Fund - Regular Plan - Daily IDCW has delivered a CAGR of 1.86% — +0.12 pp ahead of the Ultra Short Duration Fund category average of 1.74%. The fund ranks #21 of 61 in its category — the second (Q2) quartile.

₹1 lakh invested in Mahindra Manulife Ultra Short Duration Fund - Regular Plan - Daily IDCW exactly 5 years ago would be worth approximately ₹109,659 today — a multiplier of 1.10×, based on the 5-year CAGR of 1.86%. The category average over the same window would have grown ₹1 lakh to ₹109,017.

A ₹10,000 monthly SIP in Mahindra Manulife Ultra Short Duration Fund - Regular Plan - Daily IDCW over the last 5 years — total invested ₹600,000 — would be worth ₹632,035 today. That's an XIRR (money-weighted annualised return) of 2.05%.

Mahindra Manulife Ultra Short Duration Fund - Regular 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 ₹632,035 — XIRR 2.05%.

On a 5-year basis, Mahindra Manulife Ultra Short Duration Fund - Regular Plan - Daily IDCW ranks #21 out of 61 funds in the Ultra Short Duration Fund category — that places it in the second quartile (Q2) — above the median. The category average return over the same window is 1.74%; this fund delivered 1.86%.

The worst peak-to-trough decline Mahindra Manulife Ultra Short Duration Fund - Regular 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 06 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 - Regular Plan - Daily IDCW averaged 1.56% (best 1.86%, worst 0.91%). 100% of rolling windows ended positive. The 5-year Sharpe ratio is -6.35 — negative risk-adjusted performance.

In calendar year 2025, Mahindra Manulife Ultra Short Duration Fund - Regular Plan - Daily IDCW returned 4.16% — beating the Ultra Short Duration Fund category average of 1.68% by 2.48 pp. It ranked #14 of 58 in its category that year.

Mahindra Manulife Ultra Short Duration Fund - Regular 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 - Regular 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: 1.86%.

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