The Mahindra Liquid Fund - Direct Plan - Growth Option is an open-ended liquid scheme offered by Mahindra Mutual Fund which is managed by Mahindra Asset Management Company Private Ltd. The scheme invests in a portfolio comprising debt and money market securities. The direct plan of the scheme lets investors invest in the scheme directly with the fund house without the involvement of any intermediaries while the growth option offers capital gains at the conclusion of the scheme period.
Investment Objective
To offer reasonable returns to the investor accompanied with low risk and high liquidity through investment in money market and debt securities.
Key Features of the Scheme
The Mahindra Liquid Fund is ideal for investors who wish to invest in low risk securities while also growing their capital. The scheme exhibits the following features:
| Type of Fund | An open-ended liquid scheme |
| Plans Available | Regular and Direct |
| Options Under Each Plan |
|
| Risk | Low |
| Systematic Investment Plan | Not Available |
| Systematic Transfer Plan | Available |
| Systematic Withdrawal Advantage Plan | Not Available |
Investment Amount for Mahindra Liquid Fund
| Minimum Application Amount | Rs.1,000 and in multiples of Re.1 thereafter |
| Minimum Additional Investment | Rs.1,000 and in multiples of Re.1 thereafter |
| Minimum installment for Systematic Investment Plan (SIP) | Not Available |
| Entry Load | Not Applicable |
| Exit Load | Nil |
Asset Allocation for Mahindra Liquid Fund
| Instruments | Percentage of total assets | Risk Profile | |
| Minimum | Maximum | ||
| Money market securities including Government securities, cash, CPs, repo, CDs, and Treasury Bills with maturity/residual maturity of 91 days or lesser | 50% | 100% | Low |
| Debt securities including securitised debt and floating rate debt securities with maturity/residual maturity of 91 days or lesser | 0% | 50% | Low to Medium |
NAV Disclosure and Benchmark for Mahindra Liquid Fund
The Net Asset Value (NAV) of the Mahindra Liquid Fund is calculated by dividing the scheme’s net assets by the number of outstanding units on the date of valuation. The NAV is calculated on a daily basis and will be computed up to 4 decimal places. NAVs for each plan and option will be calculated and disclosed separately.
The website of the Association of Mutual Funds in India (AMFI) and Mahindra Mutual Fund will display the scheme’s NAV on www.amfiindia.com and www.mahindramutualfund.com, respectively by 9:00 p.m on each business day and it will be published in at least 2 newspapers with nationwide circulation.
Benchmark: CRISIL Liquid Fund Index
Fund Manager
Mr. Rahul Pal
The Mahindra Liquid Fund is managed by Mr. Rahul Pal since 4 July 2016. Mr. Pal joined Mahindra Mutual Fund in September 2015 and prior to this, he had worked with Taurus Asset Management Co. Ltd. and Sundaram Asset Management Co. Ltd. The other schemes managed by him include Mahindra Low Duration Bachat Yojana and Mahindra Dhan Sanchay Equity Savings Yojana (debt portion).
Why you should invest in the Mahindra Liquid Fund
- Low volatility - Since the scheme invests in Certificates of Deposits (CDs), Commercial Papers, CBLO/Repos, and short term debt securities of NBFCs (Non Banking Financial Institutions) and corporates with maturity equivalent or less than 91 days, it is safe in times when the market volatility is high.
- High liquidity - Being a liquid scheme, investors can invest in the units of the Mahindra Liquid Fund even for a duration as low as one day.
- Offers better returns - When compared with the returns offered by savings account deposits, the returns provided by the Mahindra Liquid Fund is higher.
- Short investment horizon - The Mahindra Liquid Fund is ideal for investors who wish to invest for a short duration ranging from 1 to 90 days.
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