HealthyDirect · GrowthFit for a long SIP
Mahindra Manulife Short Term Fund
Mahindra Manulife Mutual FundIncome/Debt Oriented Schemes - Short Term Fund5.7 years
The scheme seeks to generate income and capital appreciation through an actively managed diversified portfolio of Debt & Money Market instruments such that the Macaulay duration of the portfolio is between 1 year to 3 years.
- NAV
- 14.242
- 29 Oct 2026
- 1Y
- +4.7%
- Trailing CAGR
- AUM
- ₹78.65 Cr
- 30 Sept 2026
- Volatility
- Low
- 0.9% 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 · The fund beat the category median in 100% of rolling 3-year windows.
Fits if · Three-year return is above the category median.
Buy checklist
History depth
Pass
5.7 years of path to read.
Engine status
Pass
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Expense ratio
Pass
0.33% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -1.1%. Ask whether you can hold through a similar fall.
Vs category
Pass
100% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Watch
Kush Sonigara · 0.8 years on the scheme.
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 ≈ 59.2% 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+4.7%
- 3Y+7.5%
- 5Y+6.5%
- 10Yn/a
- SI+6.4%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+4.2%
- 3Y+6.4%
- 5Y+6.9%
- 10Yn/a
- Since inception
- +6.4%
- Calendar-day CAGR
- Excess 1Y
- +0.4%
- Category median, same plan and option
- 3Y win rate
- +100%
- Windows beating the median
- 3Y percentile
- 88
- Vs comparable share classes
- SIP 3Y XIRR
- +6.4%
- Simulated monthly SIP
- Worst rolling 3Y
- +5.7%
- 648 daily-ending windows
- Median rolling 3Y
- +7.7%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 164 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -1.1%
- Worst peak-to-trough
- Current
- -0.5%
- Below last peak
- Current spell
- 36 days
- Days below latest peak
- Time below peak
- +42%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 4 days
- 163 recovered episodes
- Longest recovery
- 65 days
- Trough to prior peak
7 Apr 2022 – 13 Jul 2022
Trough 9 May 2022 · recovered in 65 days
-1.1%
23 Sept 2026 – open
Trough 23 Oct 2026 · not recovered
-0.6%
13 Sept 2022 – 25 Oct 2022
Trough 26 Sept 2022 · recovered in 29 days
-0.5%
7 May 2026 – 2 Jun 2026
Trough 21 May 2026 · recovered in 12 days
-0.4%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
88
Vs category
53
Consistency
86
Risk-adjusted
55
Drawdown
97
Mean
76
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
- The fund beat the category median in 100% of rolling 3-year windows.
- Three-year return is above the category median.
- Risk-adjusted return sits above the documented risk-free proxy.
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
30 Sept 2026 · 27 holdings · top 10 are 59.2%.
- Top 5
- 31.6%
- Top 10
- 59.2%
- Largest holding
- 6.4%
- Effective holdings
- 20.8
RURAL ELECTRIFICATION CORPORATION LIMITED 7.77 SR 220-A BD 31MR28 FVRS1LAC
Financial
6.4%
POWER FINANCE CORPORATION LIMITED SR 248B 7.45 NCD 15JL28 FVRS1LAC
Financial
6.3%
CENTURY TEXTILES AND INDUSTRIES LIMITED 8.55 NCD 30AG29 FVRS1LAC
Materials
6.3%
EMBASSY OFFICE PARKS REIT SR XII 7.73 NCD 14DC29 FVRS1LAC
Real Estate
6.3%
TATA CAPITAL HOUSING FINANCE LIMITED SR A 7.27 NCD 25AP28 FVRS1LAC
Financial
6.3%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Sundaram Short Term Fund (Formerly Known as Sundaram Short Duration Fund)
Sundaram Mutual Fund
- 1Y
- +4.6%
- 3Y
- +7.3%
- Vol
- 0.9%
- Max DD
- -0.7%
- Sharpe
- 0.78
- 3Y win
- +46%
- Lower volatility
- Shallower drawdown
- Lower TER
Caveat: Lower trailing returns
Axis Short Term Fund
Axis Mutual Fund
- 1Y
- +4.8%
- 3Y
- +7.6%
- Vol
- 1.5%
- Max DD
- -2.6%
- Sharpe
- 1.45
- 3Y win
- +97%
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown · Higher TER
Bandhan Short Term Fund
Bandhan Mutual Fund
- 1Y
- +5.5%
- 3Y
- +7.6%
- Vol
- 1.4%
- Max DD
- -2.5%
- Sharpe
- 1.28
- 3Y win
- +38%
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown · Higher TER
BANK OF INDIA SHORT TERM FUND
Bank of India Mutual Fund
- 1Y
- +4.3%
- 3Y
- +7.5%
- Vol
- 6.4%
- Max DD
- -19.8%
- Sharpe
- 0.17
- 3Y win
- +66%
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown · Higher TER
Groww Short Term Fund
Groww Mutual Fund
- 1Y
- +4.9%
- 3Y
- +7.4%
- Vol
- 1.0%
- Max DD
- -1.2%
- Sharpe
- 1.52
- 3Y win
- +33%
- Lower TER
Caveat: Higher volatility · Deeper drawdown · Lower trailing returns