About Mahindra Ultra Short Term Yojana Direct - Growth
Mahindra Ultra Short Term Yojana Direct - Growth is a Debt mutual fund scheme from Mahindra Manulife Mutual Fund. This scheme was launched on 17 Oct 2019 and is currently managed by its fund managers Rahul Pal and Amit Garg. It has an AUM of ₹116.58 Crores and the latest NAV decalared is ₹1056.252 as on 10 Jul 2020 at 10:13 pm.
Mahindra Ultra Short Term Yojana Direct - Growth scheme return performance is 5.59% since scheme launch. The min. SIP amount to invest in this scheme is ₹1000.
Debt: Ultra Short Duration
17 Oct 2019
The Scheme seeks to generate regular income and capital appreciation through investment in a portfolio of short term debt & money market instruments such that the Macaulay duration of the portfolio is between 3 - 6 months.
About Fund Category
Ultra Short Duration Funds maintain a portfolio of debt and money market instruments wherein the portfolio has a Macaulay duration of around 3 to 6 months. Among the duration funds, these funds are relatively less affected by the movement of overall interest rates. These funds may be suitable to earn regular income with high liquidity.