MF Gyan
debtLow risk6 years oldCooling recently (last 6m ≈ -2% p.a.)

Mahindra Manulife Short Term Fund - Direct Plan - IDCW

Invests in bonds and loans. Lower returns than equity but much less bumpy — often used for shorter goals. From Mahindra Manulife Mutual Fund. It's been running since 25 Feb 2021.

Latest price per unit
₹12.2222
▲ 0.04% today
As of 4 Sep 2026 · updated once each business day

What ₹1 lakh would have become

Based on past returns
Invested 1 year ago
₹1.02 L
▲ ₹1.9k gain · 1.9% / year
Invested 3 years ago
₹1.11 L
▲ ₹11.3k gain · 3.6% / year
Invested 5 years ago
₹1.18 L
▲ ₹17.9k gain · 3.4% / year

These are calculations from the fund's past prices, not a prediction. Real future returns can and often do differ.

SIP simulator

Play with a monthly investment

Slide the amount and switch the duration. Left column uses real past prices. Right column projects forward using this fund's historical rate — a calculation, not a prediction.

₹5.0k
Looking back · real
You would have invested₹1.80 L
Value today₹1.88 L
Gain / loss+₹8.0k
XIRR (annualised)2.98%
Looking forward · hypothetical
You would invest₹1.80 L
Would become*₹1.89 L
Projected gain*+₹8.5k
*at this fund's historical rate of 2.98% per year. Actual future returns can be different — sometimes very different.
Value Cumulative invested
Reality check. The backward SIP is real math on real past NAVs. The forward projection assumes the fund keeps up its historical rate — which rarely happens exactly. Past performance is not a promise. MF Gyan does not recommend any specific investment.
How it compares to peers

Vs 62 other funds in Income/Debt Oriented Schemes - Short Term Fund

Same plan
1-year return
1.94%median 5.69% (-3.74%)
Rank #38 of 63Beats 36% of peers
3-year return
3.62%median 7.30% (-3.68%)
Rank #39 of 63Beats 34% of peers
5-year return
3.35%median 6.15% (-2.79%)
Rank #33 of 63Beats 38% of peers
Bumpiness (3Y)
4.18%median 1.02% (+3.16%)
Rank #59 of 63Less risky than 3% of peers
Worst-ever drop
-4.30%median -3.05% (-1.24%)
Rank #24 of 63Less risky than 63% of peers

Descriptive rankings within the same category and plan. Not a recommendation — one fund beating another historically does not mean it will continue to do so.

Year by year

Calendar-year returns. 5 of last 6 years were positive.

+5%
2021
+4%
2022
+4%
2023
+5%
2024
+4%
2025
-0%
2026
Best year
2024 · 4.71%
Worst year
2026 · -0.03%

Price over time

How the per-unit price has moved. Tap a range to zoom in.

Bumpiness & worst drops

Day-to-day bumpiness
4.2%

The value swings roughly 4% up or down in a typical year. Finance-speak calls this volatility.

Worst drop ever
-4.30%

A lump sum invested at the previous peak would have temporarily lost about this much before recovering. Finance-speak calls this max drawdown.

Similar funds you might want to look at

Same category, same plan, sorted by 3-year return. Not recommendations — just neighbours.

Head-to-head comparisons

Side-by-side comparisons of Mahindra Manulife Short Term Fund - Direct Plan - IDCW against other debt funds.

Technical details (for the pros)
CAGR — 1 year1.94%
CAGR — 3 years3.62%
CAGR — 5 years3.35%
CAGR — since launch3.70%
Volatility — 1 year (annualised)4.36%
Volatility — 3 years (annualised)4.18%
Max drawdown — 1 year-4.30%
Max drawdown — 3 years-4.30%
Sharpe ratio — 1 year (rf=6%)-0.91
Sharpe ratio — 3 years (rf=6%)-0.55

Fund info

Fund house
Mahindra Manulife Mutual Fund
Category
Income/Debt Oriented Schemes - Short Term Fund
Plan
Direct
Option
IDCW
ISIN (Growth)
INF174V01AO1
ISIN (Div re-invest)
INF174V01AN3
Fund code
148730
First price on record
25 Feb 2021 · 1,336 daily prices

About Mahindra Manulife Short Term Fund - Direct Plan - IDCW

Mahindra Manulife Short Term Fund - Direct Plan - IDCW is a Income/Debt Oriented Schemes - Short Term Fund offered by Mahindra Manulife Mutual Fund under the Direct plan with the IDCW option. It has approximately 6 years of NAV track record. The fund falls in the debt category — Invests in bonds and loans. Lower returns than equity but much less bumpy — often used for shorter goals.

The current NAV of Mahindra Manulife Short Term Fund - Direct Plan - IDCW is ₹12.2222 (as of 4 Sep 2026). Historically, it has delivered 1.94% over the last year, 3.62% CAGR over 3 years, 3.35% CAGR over 5 years. Returns are historical and don't predict future performance.

Over the last three years, the fund's prices have moved with 4.2% annualised volatility — a "low" level of bumpiness; its deepest peak-to-trough fall on record was 4.3%. Being mentally prepared for drawdowns of this size is what separates long-term investors from reactive traders.

Frequently asked

What is the latest NAV of Mahindra Manulife Short Term Fund - Direct Plan - IDCW?+

The latest NAV of Mahindra Manulife Short Term Fund - Direct Plan - IDCW is ₹12.2222 as of 4 Sep 2026, up 0.04% from the previous day. NAV is updated once a business day after the market close.

What are the returns of Mahindra Manulife Short Term Fund - Direct Plan - IDCW?+

Mahindra Manulife Short Term Fund - Direct Plan - IDCW has delivered 1-year return 1.94%, 3-year CAGR 3.62%, 5-year CAGR 3.35%, since-inception CAGR 3.70%. Returns are historical and don't predict future performance — markets move in cycles.

What category does Mahindra Manulife Short Term Fund - Direct Plan - IDCW belong to?+

Mahindra Manulife Short Term Fund - Direct Plan - IDCW is categorised as Income/Debt Oriented Schemes - Short Term Fund. Invests in bonds and loans. Lower returns than equity but much less bumpy — often used for shorter goals.

How risky is Mahindra Manulife Short Term Fund - Direct Plan - IDCW?+

Based on its 3-year annualised volatility of 4.2%, Mahindra Manulife Short Term Fund - Direct Plan - IDCW sits in the "low" risk bucket. Volatility measures how much prices swing — higher means bigger ups and downs along the way.

Is Mahindra Manulife Short Term Fund - Direct Plan - IDCW a direct plan?+

Mahindra Manulife Short Term Fund - Direct Plan - IDCW is a Direct plan (no distributor commission — lower expense ratio) with the IDCW option (periodic distributions, taxable at your slab rate).

How old is Mahindra Manulife Short Term Fund - Direct Plan - IDCW?+

Mahindra Manulife Short Term Fund - Direct Plan - IDCW has NAV history available from 25 Feb 2021 — approximately 6 years of track record and 1,336 daily NAV observations.

Numbers are computed from stored daily prices from mfapi.in/AMFI. This is descriptive analytics, not investment advice. Past performance is not indicative of future returns.