Liquid · Debt

Mahindra Manulife Liquid Fund

Mahindra Manulife Investment Management Pvt Ltd

Benchmark

CRISIL Liquid Debt A-I Index

Riskometer

Moderate

Size

₹1,536 cr

Allotted

4 Jul 2016

Holdings as of

30 Sep 2026

Mahindra Manulife Liquid Fund is a liquid fund of Mahindra Manulife Investment Management Pvt Ltd with ₹1,536 cr under management. It is ahead of its benchmark (CRISIL Liquid Debt A-I Index) in 4 of 4 periods. Its direct plan charges 0.15% a year.

Has Mahindra Manulife Liquid Fund beaten its benchmark?

Ahead of its benchmark, CRISIL Liquid Debt A-I Index, in 4 of 4 periods in AMFI's figures; +6.53% over the last year against +6.24%.

Period returns

Direct Plan, growth · 3y and longer a year

Period	Fund	Nifty 500 TRI	Ahead
1 month	+0.46%	−1.30%	—
3 months	+1.58%	−4.28%	—
6 months	+3.16%	−1.46%	—
1 year	+6.51%	−4.25%	+10.76 pts
3 years	+6.95%	+9.50%	−2.55 pts
5 years	+6.44%	+8.14%	−1.70 pts
10 years	+6.19%	+12.76%	−6.57 pts
Since start from 4 Jul 2016	+6.22%	—	—

Valarth price history to 15 Oct 2026 · the index is the one the fund is nearest; — not on record

Official figures

AMFI performance feed, 14 Oct 2026

Ahead of its benchmark (CRISIL Liquid Debt A-I Index) in 4 of 4 periods.

Period	Direct	Regular	Benchmark	Ahead	Rank
1y	+6.53%	+6.42%	+6.24%	+0.29	🔒
3y	+6.96%	+6.84%	+6.75%	+0.21	🔒
5y	+6.44%	+6.32%	+6.31%	+0.13	🔒
10y	+6.19%	+6.06%	+6.00%	+0.19	🔒

Ahead in points a year · its rank among Liquid funds, and how steady the lead is, in the app

Value of 100, month-end

Oct 2016 to 15 Oct 2026

Fund 182Nifty 500 TRI 329

₹100 put in at the start of Oct 2016 would be ₹182 on 15 Oct 2026, against ₹329 in the Nifty 500 TRI.

Risk, falls and every year

🔒 Pro

Its worst fall and how long it took to recover, three-year stretches, Sharpe, beta and capture ratios, calendar years beside the index, and money in and out: in the app.

See them in the app →

What does Mahindra Manulife Liquid Fund cost?

0.15% a year on the direct plan, 0.26% on the regular plan; 24 of 43 funds in its category charge less.

Direct plan

0.15% a year

Category median 0.13%

Regular plan

0.26% a year

Category median 0.25%

Gap

0.11 points

for the same holdings

24 of 43 funds in its category charge less on the direct plan.

Expense report, Oct 2026 · Income/Debt Oriented Schemes - Liquid Fund

What the regular plan costs you over time

🔒 Pro

The same money left for years in the direct and the regular plan, side by side, and what the commission takes: in the app.

Who manages Mahindra Manulife Liquid Fund?

Rahul Pal, since None.

Rahul Pal

Fund Manager 1 - Primary, Fund Manager 2 - Comanage

None years

since None

Benchmark as filedCRISIL Liquid Debt A-I Index

Exit load

Exit Load: Effective October 20, 2019, following graded exit load will be applicable if redeemed/switched-out within the number of days specified from the date of investments at their respective percentage: Day1 - 0.0070%; Day2 - 0.0065%; Day3 - 0.0060%; Day4 - 0.0055%; Day5 - 0.0050%; Day6 - 0.0045%; Day7 onwards - Nil.

From 8 Scheme Summary Documents filed with NSE, first on 12 Mar 2026; as on 12 Oct 2026

What does Mahindra Manulife Liquid Fund hold?

37 holdings as of 30 Sep 2026; the ten largest are 54.9% of the fund, the largest REC Limited 2026 ** at 4.8%.

Mix

Holdings as of 30 Sep 2026

Equity59.8%Debt38.4%Cash-11.4%Other0.0%

Holdings

21 shares

Top ten

54.9%

of the fund

Effective holdings

18.7

spread, as if equal-weighted

Matched to our table

of the equity

Five largest

% of fund

REC Limited 2026 **4.78%

TATA Realty & Infrastructure Limited 2026 **4.78%

Bharat Petroleum Corporation Limited 2026 **4.77%

CEAT Limited 2026 **4.03%

Sharekhan Limited 2026 **3.80%

Five largest industries

% of fund

CRISIL A1+73.3%

CARE A1+11.9%

FITCH A1+6.70%

SOVEREIGN4.10%

ICRA A1+4.00%

How does Mahindra Manulife Liquid Fund score against its category?

Seven scores against funds of its kind, and the warning signs it trips.

Scorecard

🔒 Pro

Seven scores, each out of 5, against funds in its category, with the reasons, and the warning signs it trips: in the app.

Open scorecard in the app →

Are the companies inside any good?

The holdings by valuation, forensic risk, business quality and balance sheet, weighted by their share of the fund.

The companies inside

🔒 Pro

The holdings weighted by their share of the fund: P/E and ROE, forensic risk levels, Valarth's valuation view, quality, moats, balance sheets and who owns them: in the app.

How is Mahindra Manulife Liquid Fund run?

Turnover, what it bought and sold, its cash and its record in new listings, from its monthly holdings files.

How it is run

🔒 Pro

Turnover, what it bought and sold and when, how long it holds, size drift, cash and its record in new listings, from up to two years of monthly holdings files: in the app.

Which funds hold much the same?

The index it is nearest and the funds whose holdings overlap most.

not an index tracker

Nearest to the Nifty 50: 100% of it differs from the index (an active fund is usually above 60%).

Active share 100.0%60%

Funds that hold much the same

% of holdings in common

Mahindra Manulife Ultra Short Term Fund9.6% the same

3 shared holdings

DSP Liquid Fund (Ex DSP Liquidity Fund)2.2% the same

2 shared holdings

HSBC Liquid Fund1.8% the same

1 shared holdings

How much is in its sponsor's own group?

Holdings in companies of the fund house's sponsor group, beside the index.

Related-party exposure

🔒 Pro

How much of the fund is in companies of its sponsor's own group, beside what the index holds of them: in the app.

Questions people ask

Who manages Mahindra Manulife Liquid Fund?

Rahul Pal (Fund Manager 1 - Primary, Fund Manager 2 - Comanage) since None.

What is the expense ratio of Mahindra Manulife Liquid Fund?

0.15% a year on the direct plan and 0.26% on the regular plan (expense report, Oct 2026).

How has Mahindra Manulife Liquid Fund done?

Its direct plan returned +6.96% a year over 3 years against +6.75% for its benchmark, CRISIL Liquid Debt A-I Index, as of 14 Oct 2026.