Mahindra Manulife Ultra Short Term Fund
Other options
The page shows the Growth option. The Regular plan’s other options have their own codes.
| Option | AMFI code | ISIN |
|---|---|---|
| Growth (this page) | 147734 | INF174V01853 |
| IDCW | 147729 | INF174V01861 |
| IDCW | 147730 | INF174V01879 |
Ultra Short Term FundMahindra Manulife Mutual Fund
Open-ended. Launched on 17 Oct 2019.
- NAV
- Data delayed
- AssetsAssets The market value of everything the scheme holds, less what it owes, as the fund house discloses it at each month-end.
- ₹205 cr
- 30 Sep 2026
- SIP fromSIP Systematic investment plan: a fixed sum put into the scheme at regular intervals, usually every month.
- ₹500
- a month
- BenchmarkBenchmark The market index the fund house names in the SID as the measure the scheme is compared against.
- CRISIL Ultra Short Duration Debt A-I Index
- as the SID names it
- Riskometer
- Low to Moderate
- read by Felix on 28 Oct 2026
The SID and KIM are the final reference for every fact on this page.
The fund house also offers a Direct plan of this scheme, whose expenses are lower to the extent of the distribution commission.
Assets: the fund house’s month-end disclosure of 30 Sep 2026. Minimums: fund house documents, as read by Felix on 28 Oct 2026. Benchmark: the SID.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
1 change in the last 12 months: SEBI renamed its category from Ultra Short Duration Fund to Ultra Short Term Fund, 26 Feb 2026. See what changed
What it is
SEBI’s rule for an Ultra Short Term Fund: debt and money market instruments, with a portfolio Macaulay duration of 3 to 6 months. Source: SEBI
What the SID allows it to holdSID Scheme information document: the scheme’s offer document, which sets out its objective, asset allocation, risks and expenses.
Source: the SID’s asset allocation, from fund house disclosures.
Potential risk class (PRC)
PRC Potential risk class: the most interest-rate risk and credit risk a debt scheme may take, on SEBI’s three-by-three grid, as its SID states it.as the SID states it| Interest-rate risk | Credit risk relatively low (A) | Moderate (B) | Relatively high (C) |
|---|---|---|---|
| Relatively low (I) | B-I | ||
| Moderate (II) | |||
| Relatively high (III) |
Riskometer
The risk of the scheme is Low to Moderate
As read by Felix on 28 Oct 2026. Fund houses review this level every month, and the fund house’s latest disclosure prevails: Riskometer disclosures, Mahindra Manulife Mutual Fund
- Low
- Low to Moderate
- Moderate
- Moderately High
- High
- Very High
Benchmark: CRISIL Ultra Short Duration Debt A-I Index. Its riskometer is published monthly by the fund house: Riskometer disclosures, Mahindra Manulife Mutual Fund
Source: fund houses’ disclosures.
Who runs it
Amit Gargsince 8 Jun 2020
Co-fund manager
Also manages Mahindra Manulife Aggressive Hybrid Fund, Mahindra Manulife Asia Pacific REITs FoF, Mahindra Manulife Balanced Advantage Fund, Mahindra Manulife Income Plus Arbitrage Active FOF, Mahindra Manulife Liquid Fund, Mahindra Manulife Overnight Fund, Mahindra Manulife Ultra Short to Short Term Fund
Rahul Palsince 10 Oct 2019
Fund manager
Also manages Mahindra Manulife Aggressive Hybrid Fund, Mahindra Manulife Arbitrage Fund, Mahindra Manulife Balanced Advantage Fund, Mahindra Manulife Dynamic Term Fund, Mahindra Manulife Equity Savings Fund, Mahindra Manulife Income Plus Arbitrage Active FOF, Mahindra Manulife Liquid Fund, Mahindra Manulife Multi Asset Allocation Fund, Mahindra Manulife Overnight Fund, Mahindra Manulife Short Term Fund, Mahindra Manulife Ultra Short to Short Term Fund
Bars on one scale, from the scheme’s launch. Other schemes A to Z. Source: fund house disclosures, as of 28 Oct 2026.
Codes and identity
from the SID and AMFI- Fund house
- Mahindra Manulife Mutual Fund
- SEBI category
- Ultra Short Term Fund
- Plan and option
- Regular plan – Growth
- Structure
- Open-ended
- Launched
- 17 Oct 2019
- AMFI code, Growth
- 147734
- ISIN, Growth
- INF174V01853
- IDCW INF174V01861
- IDCW INF174V01879
- Registrar
- CAMS
- Fund house website
- mahindramanulife.com ↗
ISINs of the IDCW options
Mahindra Manulife Mutual Fund
Mahindra Manulife Mutual Fund runs 27 schemes in their Regular plan: 14 equity, 6 debt, 5 hybrid, 2 other.
12 fund managers, in their current schemes for 2 years 7 months on average.
2 schemes launched in the last 12 months.
- All 27 schemes
- mahindramanulife.com
- Registrar: CAMS
Source: fund houses’ disclosures, as of 28 Oct 2026.
Buying and selling
- SIP from
- ₹500, as the KIM states it
- Entry load
- Nil, since 1 Aug 2009
- Stamp duty
- 0.005% of the amount invested, since 1 Jul 2020
- Applicable NAV
- That business day’s, when the application and the money reach the fund house by the 3 pm cut-off; after it, the next business day’s
- Redemption money
- Within 3 working days of the redemption request
Sources: the scheme’s KIM for the minimums; SEBI for the entry load, cut-off and redemption timeline; Ministry of Finance for stamp duty.
The category: Ultra Short Term Fund
All 26 schemesSchemes 12 to 21 of 26, A to Z; this scheme is marked.Schemes 15 to 19 of 26, A to Z; this scheme is marked.
| Scheme | Benchmark | Assets, ₹ cr (30 Sep 2026) | SIP from, ₹ | Launched |
|---|---|---|---|---|
| ICICI Prudential Ultra Short Term Fund | NIFTY Ultra Short Duration Debt Index A-I | 15,236 | 1,000 | 2011 |
| Invesco India Ultra Short Term Fund | NIFTY Ultra Short Duration Debt Index A-I | 1,394 | 1,000 | 2010 |
| ITI Ultra Short Term Fund | CRISIL Ultra Short Duration Debt A-I Index | 167 | 500 | 2021 |
| Kotak Ultra Short Term Fund | NIFTY Ultra Short Duration Debt Index A-I | 15,261 | 100 | 2004 |
| LIC MF Ultra Short Term Fund | CRISIL Ultra Short Duration Debt A-I Index | 1,420 | 200 | 2019 |
| Mahindra Manulife Ultra Short Term Fund | CRISIL Ultra Short Duration Debt A-I Index | 205 | 500 | 2019 |
| Mirae Asset Ultra Short-Term Fund | NIFTY Ultra Short Duration Debt Index A-I | 1,808 | 99 | 2020 |
| Motilal Oswal Ultra Short Term Fund | CRISIL Ultra Short Duration Debt A-I Index | 534 | 500 | 2013 |
| Nippon India Ultra Short Term Fund | CRISIL Ultra Short Duration Debt A-I Index | 11,551 | 100 | 2001 |
| PGIM India Ultra Short Term Fund | CRISIL Ultra Short Duration Debt A-I Index | 232 | 1,000 | 2008 |
| Scheme | Benchmark | Assets, ₹ cr (30 Sep 2026) | SIP from, ₹ | Launched |
|---|---|---|---|---|
| Kotak Ultra Short Term Fund | NIFTY Ultra Short Duration Debt Index A-I | 15,261 | 100 | 2004 |
| LIC MF Ultra Short Term Fund | CRISIL Ultra Short Duration Debt A-I Index | 1,420 | 200 | 2019 |
| Mahindra Manulife Ultra Short Term Fund | CRISIL Ultra Short Duration Debt A-I Index | 205 | 500 | 2019 |
| Mirae Asset Ultra Short-Term Fund | NIFTY Ultra Short Duration Debt Index A-I | 1,808 | 99 | 2020 |
| Motilal Oswal Ultra Short Term Fund | CRISIL Ultra Short Duration Debt A-I Index | 534 | 500 | 2013 |
Show all 26 schemes
| Scheme | Benchmark | Assets, ₹ cr (30 Sep 2026) | SIP from, ₹ | Launched |
|---|---|---|---|---|
| Aditya Birla Sun Life Ultra Short Term Fund | NIFTY Ultra Short Duration Debt Index A-I | 16,279 | 1,000 | 2003 |
| Axis Ultra Short Term Fund | NIFTY Ultra Short Duration Debt Index A-I | 4,996 | 100 | 2018 |
| Bandhan Ultra Short Term Fund | NIFTY Ultra Short Duration Debt Index A-I | 4,098 | 100 | 2018 |
| Bank of India Ultra Short Term Fund | CRISIL Ultra Short Duration Debt A-I Index | 196 | 1,000 | 2008 |
| Baroda BNP Paribas Ultra Short Term Fund | CRISIL Ultra Short Duration Debt A-I Index | 596 | 500 | 2018 |
| Canara Robeco Ultra Short Term Fund | CRISIL Ultra Short Duration Debt A-I Index | 529 | 500 | 2008 |
| DSP Ultra Short Term Fund | CRISIL Ultra Short Duration Debt A-I Index | 4,425 | 100 | 2006 |
| Edelweiss Ultra Short Term Fund | CRISIL Ultra Short Duration Debt A-I Index | 896 | Not reported | 2026 |
| Franklin India Ultra Short Term Fund | NIFTY Ultra Short Duration Debt Index A-I | 300 | 500 | 2024 |
| HDFC Ultra Short Term Fund | CRISIL Ultra Short Duration Debt A-I Index | 15,675 | 100 | 2018 |
| HSBC Ultra Short Term Fund | NIFTY Ultra Short Duration Debt Index A-I | 2,733 | 1,000 | 2020 |
| ICICI Prudential Ultra Short Term Fund | NIFTY Ultra Short Duration Debt Index A-I | 15,236 | 1,000 | 2011 |
| Invesco India Ultra Short Term Fund | NIFTY Ultra Short Duration Debt Index A-I | 1,394 | 1,000 | 2010 |
| ITI Ultra Short Term Fund | CRISIL Ultra Short Duration Debt A-I Index | 167 | 500 | 2021 |
| Kotak Ultra Short Term Fund | NIFTY Ultra Short Duration Debt Index A-I | 15,261 | 100 | 2004 |
| LIC MF Ultra Short Term Fund | CRISIL Ultra Short Duration Debt A-I Index | 1,420 | 200 | 2019 |
| Mahindra Manulife Ultra Short Term Fund | CRISIL Ultra Short Duration Debt A-I Index | 205 | 500 | 2019 |
| Mirae Asset Ultra Short-Term Fund | NIFTY Ultra Short Duration Debt Index A-I | 1,808 | 99 | 2020 |
| Motilal Oswal Ultra Short Term Fund | CRISIL Ultra Short Duration Debt A-I Index | 534 | 500 | 2013 |
| Nippon India Ultra Short Term Fund | CRISIL Ultra Short Duration Debt A-I Index | 11,551 | 100 | 2001 |
| PGIM India Ultra Short Term Fund | CRISIL Ultra Short Duration Debt A-I Index | 232 | 1,000 | 2008 |
| SBI Ultra Short Term Fund | CRISIL Ultra Short Duration Debt A-I Index | 11,237 | 500 | 1999 |
| Sundaram Ultra Short Term Fund | NIFTY Ultra Short Duration Debt Index A-I | 2,108 | 1,000 | 2007 |
| Tata Ultra Short Term Fund | CRISIL Ultra Short Duration Debt A-I Index | 5,404 | 500 | 2019 |
| UTI Ultra Short Term Fund | NIFTY Ultra Short Duration Debt Index A-I | 3,017 | 500 | 2003 |
| WhiteOak Capital Ultra Short Term Fund | CRISIL Ultra Short Duration Debt A-I Index | 549 | 500 | 2019 |
Regular plan – Growth for every scheme. Source: fund houses’ disclosures; assets at month-end 30 Sep 2026; SIP minimums as read by Felix on 28 Oct 2026; benchmarks as each SID names them.
What changed
- 26 Feb 2026SEBI renamed its category from Ultra Short Duration Fund to Ultra Short Term Fund
- 8 Jun 2020Amit Garg became a fund manager
- 17 Oct 2019Launched
- 16 Oct 2019NFO closed
- 10 Oct 2019NFO opened
Source: fund house disclosures and SEBI.
Documents
KIM Key information memorandum: the short summary of the SID that comes with every application form.Mahindra Manulife Mutual Fund publishes the scheme’s documents on its website:
- Scheme information document (SID)
- Key information memorandum (KIM)
- Monthly factsheet
- Monthly portfolio disclosure
Felix links to the fund house’s own copies and never copies them.
Questions about this fund
Who manages it, and since when?
Rahul Pal, since 10 Oct 2019 (Fund manager); Amit Garg, since 8 Jun 2020 (Co-fund manager). Source: Mahindra Manulife Mutual Fund’s disclosures.
What is the minimum SIP?
₹500 a month, as of 28 Oct 2026, from the fund house’s documents.
What is its benchmark?
CRISIL Ultra Short Duration Debt A-I Index, as the SID names it. Felix shows the benchmark by name only.
When was it launched, and what was it called before?
It was launched on 17 Oct 2019.
How do I invest in it?
Read the SID and KIM on Mahindra Manulife Mutual Fund’s website first. A mutual fund distributor can place your application in this scheme’s Regular plan. Investments made through a mutual fund distributor are in the Regular plan, which includes distributor commission.
What does “Regular plan – Growth” mean?
The Regular plan is the one bought through a distributor; its expenses include the distributor’s commission. In the Growth option, gains stay in the NAV and nothing is paid out.
Where are its documents?
On Mahindra Manulife Mutual Fund’s website: the scheme information document (SID), the key information memorandum (KIM) and the monthly factsheet.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
Data on this page
| Block | Source | For |
|---|---|---|
| Assets | Fund houses’ disclosures, at month-end | 30 Sep 2026 |
| Minimums | Fund house documents, as read by Felix | 28 Oct 2026 |
| Riskometer | Fund houses’ disclosures, as read by Felix | 28 Oct 2026 |
| Asset allocation | The SID, from fund house disclosures | 28 Oct 2026 |
| Fund managers | Fund house disclosures | 28 Oct 2026 |
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The SID and KIM are the final reference for every fact on this page.