Mahindra Manulife Ultra Short to Short Term Fund
Mahindra Manulife Ultra Short to Short Term Fund is a ultra short to short term fund of Mahindra Manulife Investment Management Pvt Ltd with ₹485 cr under management. It is ahead of its benchmark (CRISIL Low Duration Debt A-I Index) in 3 of 3 periods. Its direct plan charges 0.34% a year. Rahul Pal has managed it for 9.7 years.
Has Mahindra Manulife Ultra Short to Short Term Fund beaten its benchmark?
Ahead of its benchmark, CRISIL Low Duration Debt A-I Index, in 3 of 3 periods in AMFI's figures; +6.23% over the last year against +5.99%.
Period returns
Direct Plan, growth · 3y and longer a year| Period | Fund | Nifty 500 TRI | Ahead |
|---|---|---|---|
| 1 month | +0.31% | −3.60% | — |
| 3 months | +1.41% | −5.03% | — |
| 6 months | +3.08% | −1.83% | — |
| 1 year | +6.18% | −4.06% | +10.24 pts |
| 3 years | +7.42% | +9.27% | −1.85 pts |
| 5 years | +6.68% | +8.00% | −1.32 pts |
| 10 years | — | +12.69% | — |
| Since start from 16 Feb 2017 | +6.87% | — | — |
Official figures
AMFI performance feed, 13 Oct 2026| Period | Direct | Regular | Benchmark | Ahead | Rank |
|---|---|---|---|---|---|
| 1y | +6.23% | +5.43% | +5.99% | +0.24 | 🔒 |
| 3y | +7.43% | +6.59% | +7.07% | +0.36 | 🔒 |
| 5y | +6.69% | +5.86% | +6.45% | +0.24 | 🔒 |
| 10y | — | — | — | — | — |
Value of 100, month-end
Feb 2017 to 14 Oct 2026₹100 put in at the start of Feb 2017 would be ₹189 on 14 Oct 2026, against ₹318 in the Nifty 500 TRI.
What does Mahindra Manulife Ultra Short to Short Term Fund cost?
0.34% a year on the direct plan, 1.07% on the regular plan; 11 of 25 funds in its category charge less.
Who manages Mahindra Manulife Ultra Short to Short Term Fund?
Rahul Pal, since 15 Feb 2017; Amit Garg, since 1 Jan 2026.
What does Mahindra Manulife Ultra Short to Short Term Fund hold?
44 holdings as of 30 Sep 2026; the ten largest are 48.5% of the fund, the largest 7.96% Embassy Office Parks REIT 2027 ** at 5.0%.
Mix
Holdings as of 30 Sep 2026Five largest
% of fundFive largest industries
% of fundHow does Mahindra Manulife Ultra Short to Short Term Fund score against its category?
Seven scores against funds of its kind, and the warning signs it trips.
Are the companies inside any good?
The holdings by valuation, forensic risk, business quality and balance sheet, weighted by their share of the fund.
How is Mahindra Manulife Ultra Short to Short Term Fund run?
Turnover, what it bought and sold, its cash and its record in new listings, from its monthly holdings files.
Which funds hold much the same?
The index it is nearest and the funds whose holdings overlap most.
Funds that hold much the same
% of holdings in commonHow much is in its sponsor's own group?
Holdings in companies of the fund house's sponsor group, beside the index.
Questions people ask
Who manages Mahindra Manulife Ultra Short to Short Term Fund?
Rahul Pal (manager) since 15 Feb 2017; Amit Garg (manager) since 1 Jan 2026.
What is the expense ratio of Mahindra Manulife Ultra Short to Short Term Fund?
0.34% a year on the direct plan and 1.07% on the regular plan (expense report, Oct 2026).
How has Mahindra Manulife Ultra Short to Short Term Fund done?
Its direct plan returned +7.43% a year over 3 years against +7.07% for its benchmark, CRISIL Low Duration Debt A-I Index, as of 13 Oct 2026.
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