About Mahindra Low Duration Bachat Yojana Direct - Growth
Mahindra Low Duration Bachat Yojana Direct - Growth is a Debt
mutual fund scheme from Mahindra Manulife Mutual Fund
. This scheme was launched on 15 Feb 2017 and is currently managed by its fund manager Rahul Pal
. It has an AUM of ₹403.14 Crores and the latest NAV decalared is ₹1300.488 as on 13 Jul 2020 at 12:28 am.
Mahindra Low Duration Bachat Yojana Direct - Growth scheme return performance in last 1 year is 8.60%, in last 3 years is 26.15% and 29.94% since scheme launch. The min. SIP amount to invest in this scheme is ₹500.
About Fund Category
Low Duration Funds maintain a portfolio of high-rated debt and money market instruments. Since the portfolio has a Macaulay duration of around 6 to12 months, these funds try to achieve a balance of safety, liquidity and yield. Investors may find these funds suitable to earn regular income on short term surplus money.