HealthyDirect · GrowthFit for a long SIP
Mahindra Manulife Dynamic Term Fund
Mahindra Manulife Mutual FundIncome/Debt Oriented Schemes - Dynamic Term Fund8.2 years
- NAV
- 16.2557
- 29 Oct 2026
- 1Y
- +3.3%
- Trailing CAGR
- AUM
- ₹47.27 Cr
- 30 Sept 2026
- Volatility
- Low
- 1.8% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 29 Oct 2026
Stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
In three lines
Fits if · Three-year return is above the category median.
Fits if · Peak-to-trough drawdown has stayed shallower than 15%.
Buy checklist
History depth
Pass
8.2 years of path to read.
Engine status
Pass
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Expense ratio
Pass
0.42% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -2.3%. Ask whether you can hold through a similar fall.
Vs category
Fail
24% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
n/a
Manager not listed.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Watch
Top 10 holdings ≈ 79.9% of the portfolio.
Evidence supports a shortlist - confirm with peers before you buy elsewhere.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y+3.3%
- 3Y+7.2%
- 5Y+5.8%
- 10Yn/a
- SI+6.1%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+2.9%
- 3Y+5.6%
- 5Y+6.3%
- 10Yn/a
- Since inception
- +6.1%
- Calendar-day CAGR
- Excess 1Y
- +0.5%
- Category median, same plan and option
- 3Y win rate
- +24%
- Windows beating the median
- 3Y percentile
- 70
- Vs comparable share classes
- SIP 3Y XIRR
- +5.6%
- Simulated monthly SIP
- Worst rolling 3Y
- +3.6%
- 1257 daily-ending windows
- Median rolling 3Y
- +5.8%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 770 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -2.3%
- Worst peak-to-trough
- Current
- -1.6%
- Below last peak
- Current spell
- 76 days
- Days below latest peak
- Time below peak
- +66%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 6 days
- 193 recovered episodes
- Longest recovery
- 100 days
- Trough to prior peak
15 Dec 2021 – 17 Aug 2022
Trough 9 May 2022 · recovered in 100 days
-2.3%
14 Aug 2026 – open
Trough 23 Oct 2026 · not recovered
-1.8%
9 Mar 2020 – 31 Mar 2020
Trough 24 Mar 2020 · recovered in 7 days
-1.8%
22 Jul 2025 – 24 Sept 2025
Trough 26 Aug 2025 · recovered in 29 days
-0.9%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
70
Vs category
53
Consistency
31
Risk-adjusted
32
Drawdown
94
Mean
56
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Healthy
Buying stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Why this status
- No material deterioration, cost shock, or persistent category underperformance in the current evidence set.
Supporting reads
- Three-year return is above the category median.
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
30 Sept 2026 · 18 holdings · top 10 are 79.9%.
- Top 5
- 52.6%
- Top 10
- 79.9%
- Largest holding
- 15.9%
- Effective holdings
- 12.4
7.71% GOI 18-May-2066
Entities
15.9%
STATE DEVELOPMENT LOAN 36699 MH 12NV37 7.25 FV RS 100
Unspecified
10.1%
GOVERNMENT OF INDIA 36320 GOI 18AG55 7.24 FV RS 100
Entities
10.0%
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA SR IV 7.29 BD 09NV29 FVRS1LAC
Financial
8.3%
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 26D 7.01 BD 16MR29 FVRS1LAC
Financial
8.3%
What changed
DECISION
Status moved from HEALTHY to MONITOR.
15 Sept 2026
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
ITI Dynamic Term Fund
ITI Mutual Fund
- 1Y
- +1.2%
- 3Y
- +5.7%
- Vol
- 1.6%
- Max DD
- -2.2%
- Sharpe
- -0.18
- 3Y win
- +34%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Lower trailing returns
360 ONE Dynamic Term Fund
360 ONE Mutual Fund
- 1Y
- +3.3%
- 3Y
- +7.7%
- Vol
- 2.7%
- Max DD
- -8.0%
- Sharpe
- 0.50
- 3Y win
- +43%
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown
Axis Dynamic Term Fund
Axis Mutual Fund
- 1Y
- +4.7%
- 3Y
- +7.3%
- Vol
- 3.3%
- Max DD
- -7.1%
- Sharpe
- 0.72
- 3Y win
- +77%
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown
Aditya Birla Sun Life Dynamic Term Fund
Aditya Birla Sun Life Mutual Fund
- 1Y
- +4.3%
- 3Y
- +7.6%
- Vol
- 3.4%
- Max DD
- -7.5%
- Sharpe
- 0.50
- 3Y win
- +52%
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown · Higher TER
BANDHAN Dynamic Term Fund
Bandhan Mutual Fund
- 1Y
- +6.7%
- 3Y
- +8.0%
- Vol
- 3.7%
- Max DD
- -7.0%
- Sharpe
- 0.62
- 3Y win
- +59%
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown · Higher TER