About Mahindra Ultra Short Term Yojana Direct - Growth
Mahindra Ultra Short Term Yojana Direct - Growth is a Debt
mutual fund scheme from Mahindra Mutual Fund
. This scheme was launched on 17 Oct 2019 and is currently managed by its fund manager Rahul Pal
. It has an AUM of ₹122.40 Crores and the latest NAV decalared is ₹1018.204 as on 22 Jan 2020 at 8:45 pm.
Mahindra Ultra Short Term Yojana Direct - Growth scheme return performance is 1.78% since scheme launch. The min. SIP amount to invest in this scheme is ₹1000.
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.