Mahindra Manulife MF Announces change in benchmark index under its schemes

Published on Mar 11, 2024 14:20

Mahindra Manulife Mutual Fund has announced change the benchmark index for the following schemes, with effect from 11 March 2024. Accordingly, the revised benchmark index will be:

Changes in the Schemes Benchmark Index:

Scheme Name	Existing First Tier Benchmark	Revised First Tier Benchmark
Mahindra Manulife Dynamic Bond Fund (An open ended dynamic debt scheme investing across duration. A relatively high interest rate risk and moderate credit risk)	CRISIL Dynamic Bond B-III Index	CRISIL Dynamic Bond A-III Index
Mahindra Manulife Liquid Fund (An Open Ended Liquid Scheme. A relatively low interest rate risk and moderate credit risk)	CRISIL Liquid Debt B-I Index	CRISIL Liquid Debt A-I Index
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. 34 of SID}. A relatively low interest rate risk and moderate credit risk)	CRISIL Low Duration Debt B-I Index	CRISIL Low Duration Debt A-I Index
Mahindra Manulife Short Duration Fund (An open ended short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 year and 3 years {please refer to page no. 39 of SID}. A moderate interest rate risk and moderate credit risk)	CRISIL Short Duration Debt B-II Index	CRISIL Short Duration Debt A-II Index
Mahindra Manulife Ultra Short Duration Fund (An open ended ultra-short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 to 6 months {please refer to page no. 33 of SID}. A relatively low interest rate risk and moderate credit risk)	CRISIL Ultra Short Duration Debt B-I Index	CRISIL Ultra Short Duration Debt A-I Index