Mahindra Manulife Ultra Short to Short Term Fund vs HSBC Ultra Short to Short Term Fund
Mahindra Manulife Ultra Short to Short Term Fund (Direct) and HSBC Ultra Short to Short Term Fund (Direct) head to head: growth of ₹100, returns across every window, risk, cost, and portfolio overlap — every figure computed from AMFI NAV history, nothing supplied by a fund house. Both are Low Duration Fund schemes — see the best low duration mutual funds for the full ranking.
Head to head
NAVs as of 25 Aug 2026
Growth of ₹100 (rebased over the selected window)
Common period 28 Nov 2022 – 25 Aug 2026, limited by HSBC Ultra Short to Short Term Fund. Every series is rebased to ₹100 at the start of this window.
View as table
| Date | Mahindra Manulife Ultra Short to Short Term Fund | HSBC Ultra Short to Short Term Fund |
|---|---|---|
| 28 Nov 2022 | ₹100.00 | ₹100.00 |
| 22 Mar 2023 | ₹102.09 | ₹102.01 |
| 14 Jul 2023 | ₹104.70 | ₹104.65 |
| 05 Nov 2023 | ₹106.93 | ₹106.98 |
| 26 Feb 2024 | ₹109.40 | ₹109.42 |
| 19 Jun 2024 | ₹112.11 | ₹112.19 |
| 11 Oct 2024 | ₹115.00 | ₹114.99 |
| 02 Feb 2025 | ₹117.51 | ₹117.42 |
| 27 May 2025 | ₹121.17 | ₹122.71 |
| 18 Sep 2025 | ₹123.68 | ₹125.16 |
| 09 Jan 2026 | ₹125.93 | ₹127.45 |
| 03 May 2026 | ₹128.17 | ₹129.69 |
| 25 Aug 2026 | ₹131.13 | ₹132.61 |
| Metric | Mahindra Manulife · Direct NAV ₹1,888.48 Low to Moderate risk ★★★☆☆ | HSBC · Direct NAV ₹32.56 Low to Moderate risk ★★★★☆ | Category median Low Duration Fund · 25 funds |
|---|---|---|---|
| +6.45%Best in row | +6.34% | +6.31% | |
| +7.49% | +7.89%Best in row | +7.38% | |
| +6.64% | — | +6.58% | |
| +6.90% | +7.84%Best in row | +7.19% | |
| +7.25% | +7.79%Best in row | — | |
| +6.68% | +8.00%Best in row | +7.23% | |
| +6.40% | — | +7.04% | |
| Risk | |||
| 0.48%Best in row | 0.90% | 0.49% | |
| — | 1.55 | 1.55 | |
| — | 4.79 | 2.86 | |
| -0.99% | -0.23%Best in row | -1.36% | |
| 0.35%Best in row | 0.40% | 0.35% | |
| ₹541.24Cr | — | ₹1,086Cr | |
| ₹500 | ₹1.00K | — | |
| ₹1.00K | ₹5.00K | — | |
| Rahul Pal · 9.5y | Shriram Ramanathan · 13.7y | — | |
| 16 Feb 2017 | 28 Nov 2022 | — | |
| 7.1% | 2.9% | — | |
12 rows carry the same value for every fund — show
- 10Y return (CAGR)
- —
- 10Y rolling avg
- —
- Benchmark
- —
- Alpha
- —
- Beta
- —
- Upside capture
- —
- Downside capture
- —
- Exit load
- None
- Lock-in
- None
- Portfolio turnover
- —
- Holdings
- —
- Top 10 weight
- —
Best marks the strongest value in a row, and only where the gap is bigger than noise — a near-tie is left unmarked rather than dressed up as a result. SIP XIRR is a ₹10,000/month instalment over 5 years of real NAV history. Nothing here is supplied by a fund house. For research only — not investment advice.
Frequently asked questions
Which fund has delivered higher returns — Mahindra Manulife Ultra Short to Short Term Fund or HSBC Ultra Short to Short Term Fund?
Over the last 3 years, HSBC Ultra Short to Short Term Fund returned +7.89% CAGR against Mahindra Manulife Ultra Short to Short Term Fund's +7.49%, computed from AMFI NAV history. Past returns don't guarantee future performance.
Which fund is cheaper — Mahindra Manulife Ultra Short to Short Term Fund or HSBC Ultra Short to Short Term Fund?
Mahindra Manulife Ultra Short to Short Term Fund has the lower expense ratio: Mahindra Manulife Ultra Short to Short Term Fund charges 0.35% a year against HSBC Ultra Short to Short Term Fund's 0.40%. The expense ratio is deducted from the NAV daily, so a lower one compounds in the investor's favour.
Which fund is riskier — Mahindra Manulife Ultra Short to Short Term Fund or HSBC Ultra Short to Short Term Fund?
HSBC Ultra Short to Short Term Fund has shown higher volatility (+0.90% annualized vs Mahindra Manulife Ultra Short to Short Term Fund's +0.48%), measured as the annualized standard deviation of daily returns over the trailing 3 years. Worst 3-year drawdown: Mahindra Manulife Ultra Short to Short Term Fund -0.23% vs HSBC Ultra Short to Short Term Fund -0.23%.
Are Mahindra Manulife Ultra Short to Short Term Fund and HSBC Ultra Short to Short Term Fund in the same category?
Yes — both are Low Duration Fund schemes, so their returns, risk and cost are directly comparable against the same peer set.
Figures update daily from AMFI NAV history; ratings and ranks are WealthTicker’s own — see the methodology. This is data, not investment advice.