ARN Name :
#NAME#

Mahindra Manulife
Low Duration Fund

An open ended low duration debt scheme investing in instruments such that the Macaulay duration of the Portfolio is between 6 months and 12 months (please refer to page no. 33 of SID). A relatively low interest rate risk and moderate credit risk.



Scheme Positioning
  • Play accrual strategy
  • Limited duration play with tactical position
  • Invest in good quality debt and money market instruments
Asset Allocation & Other Details
Under normal circumstances the asset allocation pattern will be:
Instruments Proportion Risk Profile
Low/Moderate/ High
Money Market & Debt instruments* 0-100% Low to Moderate
Units issued by REITs and InvITs 0-10% Moderately High

*Includes securitized debt up to 30% of the net assets of the Scheme For complete details on asset allocation for the scheme please refer SID available on www.mahindramanulife.com or visit the nearest Investor Service Centre

Benchmark: CRISIL Low Duration Fund BI Index
Entry Load: N.A.
Exit Load: Nil

Portfolio Update For The Month
  • The Residual maturity is around 256 days
  • The Annualised Portfolio YTM of the portfolio has decreased to 7.81%
  • With our view on Gsec possibly offering better opportunities than Bonds, we derive around 30% of our duration through Gsecs in this fund
  • We would remain skewed in this duration range as the RBI has started the hike cycle
Fund Manager : Mr. Rahul Pal
Total Experience : 21 years
Experience in managing this fund: 6 years and 1 month (managing since February 15, 2017)

Note: The data/statistics given above are to explain general market trends in the securities market, it should not be construed as any research report/ research recommendation.












Mahindra Manulife
Low Duration Fund

An open ended low duration debt scheme investing in instruments such that the Macaulay duration of the Portfolio is between 6 months and 12 months (please refer to page no. 33 of SID). A relatively low interest rate risk and moderate credit risk.
Distributed by:

M-#MOBILENUMBER#

Portfolio Information
Current Month
February 28, 2023
AUM (Rs. In Crore) 395.19
Monthly AAUM (Rs. In Crore) 378.76
Annualised Portfolio YTM* 7.81%
Macaulay Duration (days) 242.17
Modified Duration 0.64
Residual Maturity (days) 255.87
Previous Month
January 31, 2023
AUM (Rs. In Crore) 371.17
Monthly AAUM (Rs. In Crore) 373.48
Annualised Portfolio YTM* 7.63%
Macaulay Duration (days) 274.87
Modified Duration 0.72
Residual Maturity (days) 290.07
*YTM : Yield to maturity should not be construed as minimum return offered by the Scheme.

Asset Allocation (% To Net Assets)


Rating Profile (% To Net Assets)

*Cash & Cash Equivalents includes Fixed Deposits, Cash & Current Assets and TREPS
Data as on 28 Feb 2023


Top 10 Debt Holdings
Current Month
February 28, 2023
Security % to Net Assets
Small Industries Dev Bank of India (CARE A1+ rated CD) 6.19
Axis Bank Limited (CRISIL A1+ rated CD) 5.90
ICICI Bank Limited (ICRA A1+ rated CD) 4.76
HDFC Bank Limited (CARE A1+ rated CD) 3.66
Piramal Enterprises Limited (CRISIL A1+ rated CP) 5.02
L&T Metro Rail (Hyderabad) Limited (CRISIL A1+ rated CP) 5.01
TATA Realty & Infrastructure Limited (ICRA AA+ rated CB) 5.01
Indian Oil Corporation Limited (CRISIL AAA rated CB) 4.95
Housing & Urban Development Corporation Limited (ICRA AAA rated CB) 3.76
Aditya Birla Fashion and Retail Limited (CRISIL AA rated CB) 3.68
TOTAL 47.93
Previous Month
January 31, 2023
Security % to Net Assets
Small Industries Dev Bank of India (CARE A1+ rated CD) 6.54
Axis Bank Limited (CRISIL A1+ rated CD) 6.25
TATA Realty & Infrastructure Limited (ICRA AA+ rated CB) 5.32
Piramal Enterprises Limited (CRISIL A1+ rated CP) 5.31
Indian Oil Corporation Limited (CRISIL AAA rated CB) 5.27
ICICI Bank Limited (ICRA A1+ rated CD) 5.04
Godrej Properties Limited (ICRA A1+ rated CP) 4.01
Housing & Urban Development Corporation Limited (ICRA AAA rated CB) 3.99
Aditya Birla Fashion and Retail Limited (CRISIL AA rated CB) 3.91
HDFC Bank Limited (CARE A1+ rated CD) 3.87
TOTAL 49.50
Significant portfolio changes of the current month
Fresh additions Complete exits
Security Security
Godrej Properties Limited (CB) Tata Power Company Limited (CB)
L&T Metro Rail (Hyderabad) Limited (CP)

CP - Commercial Paper, CD - Certificate of Deposit, CB - Corporate Bond, SOV- Sovereign
Note: The companies/stock(s) referred above are only for the purpose of disclosure of significant portfolio changes during the month and should not be construed as recommendation to buy/sell/ hold. The fund manager may or may not choose to hold these companies/stocks, from time to time. Investors are requested to consult their financial, tax and other advisors before taking any investment decision(s).


EASY SYSTEMATIC PLANS
Systematic
Investment
Plan 		With This You Can
  • Build corpus in the long term
  • Take advantage of rupee cost averaging
  • Experience the power of compounding even on small investments
Choice Of Frequencies
• weekly • Monthly • Quarterly 		Choice Of Dates
Any date of your choice

Minimum Amounts / Instalments
  • 6 instalments of ₹ 500 each under weekly frequency
  • 6 instalments of ₹ 500 each under monthly frequency
  • 4 instalments of ₹ 1500 each under quarterly frequency
Systematic
Transfer
Plan 		With This You Can
  • Take measured exposure into a new asset class
  • Rebalance your portfolio
Choice Of Frequencies
• Daily • weekly • Monthly • Quarterly 		Choice Of Dates
Any date^ of your choice

Minimum Amounts / Instalments
  • 6 instalments of ₹500 each under daily, weekly and monthly frequency
  • 4 instalments of ₹1500 each under quarterly frequency
Systematic
Withdrawal
Plan 		With This You Can
  • Meet regular expenses
 Choice Of Dates
Any date of your choice

^STP can be registered for any date under the monthly and quarterly frequencies and for any business day under the weekly frequency.


Scheme Performance (as on February 28, 2023)
Mahindra Manulife Low Duration Fund

^Benchmark ^^Additional Benchmark. CAGR – Compounded Annual Growth Rate. Inception/Allotment date: 15-Feb-17.
Past performance may or may not be sustained in future and should not be used as a basis of comparison with other investments. Since inception returns of the scheme is calculated on face value of Rs. 1,000 invested at inception. The performance details provided above are of Growth Option under Regular Plan. Different Plans i.e Regular Plan and Direct Plan under the scheme has different expense structure. *Based on standard investment of Rs. 10,000 made at the beginning of the relevant period.



























Performance of other schemes managed by the Fund Manager(s) (as on February 28, 2023)

^Benchmark CAGR – Compounded Annual Growth Rate. $Dedicated Fund Manager for Overseas Investments Past performance may or may not be sustained in future and should not be used as a basis of comparison with other investments. The performance details provided above are of Growth Option under Regular Plan Different Plans i.e Regular Plan and Direct Plan under the scheme has different expense structure. Mr. Rahul Pal manages 10 schemes of Mahindra Manulife Mutual Fund. The performance data for the schemes which have not completed one year has not been provided.














Potential Risk Class Matrix for Debt scheme(s) of the fund
Pursuant to SEBI circular no. SEBI/HO/IMD/IMD-II DOF3/P/CIR/2021/573 dated June 07, 2021 Potential Risk Class (‘PRC’)
Matrix for debt schemes based on Interest Rate Risk and Credit Risk is as follows:
Potential Risk Class Matrix (Maximum risk the Scheme can take)
Credit Risk Relatively Low
(Class A)		Moderate
(Class B)		Relatively High
(Class C)
Interest Rate Risk
Relatively Low (Class I) B-I 
Moderate (Class II)   
Relatively High (Class III)   
Scheme Name This Product is Suitable for investors who are seeking* Scheme Riskometer Scheme
Benchmark		 Benchmark Riskometer
Mahindra Manulife Low Duration Fund • Regular Income over short term.
• Investment in debt and money market instruments.

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them. 		CRISIL Low Duration Fund BI Index

Disclaimer : Readers of this material should rely on information / data arising out of their own investigations and advised to seek independent professional advice and arrive at an informed decision before making any investments. Neither Mahindra Manulife Investment Management Private Limited nor Mahindra Manulife Trustee Private Limited, its directors or associates shall be liable for any damages that may arise from the use of the information contained herein.

Get in Touch: Sadhana House, 1st Floor, 570, P.B. Marg, Worli, Mumbai - 400 018, India.
Phone: +91-22-66327900, Fax: +91-22-66327932 Toll Free No.: 1800 419 6244 Website:www.mahindramanulife.com CNo.00591

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.