{"id":247660,"date":"2026-09-16T08:13:17","date_gmt":"2026-09-16T02:43:17","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/mahindra-manulife-dynamic-term-fund-direct-growth-review-2026\/"},"modified":"2026-09-16T08:13:17","modified_gmt":"2026-09-16T02:43:17","slug":"mahindra-manulife-dynamic-term-fund-direct-growth-review-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/mahindra-manulife-dynamic-term-fund-direct-growth-review-2026\/","title":{"rendered":"Mahindra Manulife Dynamic Term Fund- Direct Growth Review 2026: NAV, Returns, Portfolio &#038; Should You Invest?"},"content":{"rendered":"<p><a href=\"https:\/\/univest.in\/mutual-funds\/mahindra-manulife-dynamic-term-fund-g-direct-plan\">Mahindra Manulife Dynamic Term Fund- Direct Growth Plan<\/a> had an NAV of \u20b916.3158 as of 15 Sep 2026 and an AUM of \u20b949 Cr. Its 1-year, 3-year and 5-year returns are 5.34%, 7.53% and 5.96%, and it sits in the Medium Risk bucket. In our view, the fund suits investors who are comfortable with moderate debt-fund fluctuations and want a portfolio that has stayed positive over longer periods rather than chasing sharp short-term moves.<\/p>\n<p>The fund\u2019s recent return profile is softer than its 3-year track, while its 5-year outcome remains measured. The portfolio leans heavily on government securities and cash-like exposure, which may help limit credit stress but also keeps the return profile relatively steady rather than aggressive.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-manulife-dynamic-term-fund-direct-growth-review-2026\/#Quick_facts\" title=\"Quick facts\">Quick facts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-manulife-dynamic-term-fund-direct-growth-review-2026\/#Performance\" title=\"Performance\">Performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-manulife-dynamic-term-fund-direct-growth-review-2026\/#Should_you_BUY_or_HOLD_Mahindra_Manulife_Dynamic_Term_Fund\" title=\"Should you BUY or HOLD Mahindra Manulife Dynamic Term Fund-?\">Should you BUY or HOLD Mahindra Manulife Dynamic Term Fund-?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-manulife-dynamic-term-fund-direct-growth-review-2026\/#Peer_comparison\" title=\"Peer comparison\">Peer comparison<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-manulife-dynamic-term-fund-direct-growth-review-2026\/#Portfolio_where_your_money_goes\" title=\"Portfolio: where your money goes\">Portfolio: where your money goes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-manulife-dynamic-term-fund-direct-growth-review-2026\/#Who_should_invest\" title=\"Who should invest\">Who should invest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-manulife-dynamic-term-fund-direct-growth-review-2026\/#Tax_and_exit_load\" title=\"Tax and exit load\">Tax and exit load<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-manulife-dynamic-term-fund-direct-growth-review-2026\/#Frequently_asked_questions\" title=\"Frequently asked questions\">Frequently asked questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-manulife-dynamic-term-fund-direct-growth-review-2026\/#What_is_the_current_NAV_of_Mahindra_Manulife_Dynamic_Term_Fund-_Direct_Growth_Plan\" title=\"What is the current NAV of Mahindra Manulife Dynamic Term Fund- Direct Growth Plan?\">What is the current NAV of Mahindra Manulife Dynamic Term Fund- Direct Growth Plan?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-manulife-dynamic-term-fund-direct-growth-review-2026\/#What_are_the_1-year_3-year_and_5-year_returns\" title=\"What are the 1-year, 3-year and 5-year returns?\">What are the 1-year, 3-year and 5-year returns?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-manulife-dynamic-term-fund-direct-growth-review-2026\/#How_has_it_performed_against_the_benchmark\" title=\"How has it performed against the benchmark?\">How has it performed against the benchmark?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-manulife-dynamic-term-fund-direct-growth-review-2026\/#How_does_it_compare_with_peer_funds\" title=\"How does it compare with peer funds?\">How does it compare with peer funds?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-manulife-dynamic-term-fund-direct-growth-review-2026\/#What_is_the_minimum_SIP_amount\" title=\"What is the minimum SIP amount?\">What is the minimum SIP amount?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-manulife-dynamic-term-fund-direct-growth-review-2026\/#Who_manages_the_fund_and_what_is_the_exit_load\" title=\"Who manages the fund and what is the exit load?\">Who manages the fund and what is the exit load?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-manulife-dynamic-term-fund-direct-growth-review-2026\/#Bottom_line\" title=\"Bottom line\">Bottom line<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-manulife-dynamic-term-fund-direct-growth-review-2026\/#Explore_mutual_funds_with_Univest\" title=\"Explore mutual funds with Univest\">Explore mutual funds with Univest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-manulife-dynamic-term-fund-direct-growth-review-2026\/#RIA_disclosure\" title=\"RIA disclosure\">RIA disclosure<\/a><\/li><\/ul><\/nav><\/div>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Quick_facts\"><\/span>Quick facts<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Particular<\/th>\n<th>Details<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>NAV<\/td>\n<td>\u20b916.3158 as of 15 Sep 2026<\/td>\n<\/tr>\n<tr>\n<td>AUM<\/td>\n<td>\u20b949 Cr<\/td>\n<\/tr>\n<tr>\n<td>Expense Ratio<\/td>\n<td>0.39%<\/td>\n<\/tr>\n<tr>\n<td>Launch Date<\/td>\n<td>20 Aug 2018<\/td>\n<\/tr>\n<tr>\n<td>Min SIP<\/td>\n<td>\u20b9500<\/td>\n<\/tr>\n<tr>\n<td>Risk Category<\/td>\n<td>Medium Risk<\/td>\n<\/tr>\n<tr>\n<td>Benchmark<\/td>\n<td>Nifty 50<\/td>\n<\/tr>\n<tr>\n<td>Fund Category<\/td>\n<td>Debt<\/td>\n<\/tr>\n<tr>\n<td>Exit Load<\/td>\n<td>No exit load<\/td>\n<\/tr>\n<tr>\n<td>Fund Managers<\/td>\n<td>Rahul Pal, Kush Sonigara<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The fund is managed by Rahul Pal and Kush Sonigara.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 15 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Performance\"><\/span>Performance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Period<\/th>\n<th>Fund return<\/th>\n<th>Benchmark return<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>1M<\/td>\n<td>-1.08%<\/td>\n<td>-4.81%<\/td>\n<\/tr>\n<tr>\n<td>3M<\/td>\n<td>0.91%<\/td>\n<td>-3.63%<\/td>\n<\/tr>\n<tr>\n<td>1Y<\/td>\n<td>5.34%<\/td>\n<td>-8.27%<\/td>\n<\/tr>\n<tr>\n<td>3Y<\/td>\n<td>7.53%<\/td>\n<td>5.59%<\/td>\n<\/tr>\n<tr>\n<td>5Y<\/td>\n<td>5.96%<\/td>\n<td>5.58%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The recent pattern is mixed, but the fund has still held up better than the benchmark over every period shown. The 1-month return was negative, yet it was materially less weak than the benchmark, and the 3-month figure returned to positive territory while the benchmark remained negative. That tells us the fund has been more resilient in the short run, even if it is not moving in a straight line.<\/p>\n<p>Over 1 year, the fund\u2019s 5.34% return stands well ahead of the benchmark\u2019s -8.27%. That gap is meaningful because it shows the fund preserved value far better than the index during a difficult stretch. At the same time, the 3-year return of 7.53% is ahead of the benchmark\u2019s 5.59%, so the longer arc also remains constructive.<\/p>\n<p>The 5-year return of 5.96% is only slightly above the benchmark\u2019s 5.58%, which suggests the fund\u2019s long-run edge is modest rather than large. Our view is that this is a fund with steadier relative behaviour than the benchmark, but not one that has produced dramatic compounding. The recent softness versus the 3-year result suggests some short-term ebb after a stronger medium-term phase.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 15 Sep 2026<\/small><\/p>\n<section class=\"univest-mf-premium-cta\" style=\"margin:28px 0;padding:24px;border-radius:10px;border:1px solid #d8e3f0;background:#f7faff\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Should_you_BUY_or_HOLD_Mahindra_Manulife_Dynamic_Term_Fund\"><\/span>Should you BUY or HOLD Mahindra Manulife Dynamic Term Fund-?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A fund&#8217;s past returns alone don&#8217;t tell you whether you should buy it today or continue holding it.<\/p>\n<p>The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.<\/p>\n<p><strong>Already holding Mahindra Manulife Dynamic Term Fund-? Thinking of investing now?<\/strong><\/p>\n<p><a href=\"https:\/\/univest.in\/mutual-funds\" style=\"font-weight:700;text-decoration:none\">Get your portfolio analysed for FREE by SEBI-registered Investment Adviser (RIA) through Univest MF Premium<\/a><\/p>\n<\/section>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Peer_comparison\"><\/span>Peer comparison<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Fund<\/th>\n<th>1Y return<\/th>\n<th>3Y return<\/th>\n<th>5Y return<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/mahindra-manulife-dynamic-term-fund-g-direct-plan\">Mahindra Manulife Dynamic Term Fund- Direct Growth Plan<\/a><\/td>\n<td>5.34%<\/td>\n<td>7.53%<\/td>\n<td>5.96%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/bandhan-dynamic-term-fund-g-direct-plan\">Bandhan Dynamic Term Fund Direct Growth Plan<\/a><\/td>\n<td>7.32%<\/td>\n<td>7.72%<\/td>\n<td>6.13%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/kotak-dynamic-term-fund-g-direct-plan\">Kotak Dynamic Term Fund Direct Growth Plan<\/a><\/td>\n<td>6.88%<\/td>\n<td>7.91%<\/td>\n<td>6.62%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/axis-dynamic-term-fund-g-direct-plan\">Axis Dynamic Term Fund Direct Growth Plan<\/a><\/td>\n<td>6.52%<\/td>\n<td>7.48%<\/td>\n<td>6.24%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/360-one-dynamic-term-fund-g-direct-plan\">360 ONE Dynamic Term Fund Direct Growth Plan<\/a><\/td>\n<td>6.25%<\/td>\n<td>8.18%<\/td>\n<td>6.86%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/icici-pru-dynamic-term-fund-g-direct-plan\">ICICI Pru Dynamic Term Fund Direct Growth Plan<\/a><\/td>\n<td>5.89%<\/td>\n<td>7.77%<\/td>\n<td>7.04%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.<\/p>\n<p>The current fund\u2019s 1-year return is below all five peer figures shown, with ICICI Pru Dynamic Term Fund Direct Growth Plan nearest at 5.89% and Bandhan Dynamic Term Fund Direct Growth Plan at 7.32% at the higher end of the set. Its 3-year return of 7.53% is also lower than Kotak, 360 ONE and ICICI Pru, though it remains close to Axis and Bandhan. The 5-year figure is the main weaker spot relative to the peers, because several funds in the set are above 6% and 360 ONE and ICICI Pru are clearly stronger on that horizon. The short-term and long-term picture therefore both lean modestly behind the peer set, even if the gap is not extreme across every period.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 15 Sep 2026<\/small><\/p>\n<div class=\"univest-peer-login-cta\" style=\"margin:20px 0;padding:16px 18px;border:1px solid #d8e3f0;border-radius:8px;background:#f7faff\">\n<p style=\"margin:0\"><strong>Want to know more?<\/strong> <a href=\"https:\/\/univest.in\/user\/log-in\" style=\"font-weight:700;text-decoration:none\">Log in to Univest<\/a> for more mutual fund insights.<\/p>\n<\/div>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Portfolio_where_your_money_goes\"><\/span>Portfolio: where your money goes<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Holding<\/th>\n<th>Sector<\/th>\n<th>Weight<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>7.71% Government of India 2066<\/td>\n<td>Government Securities<\/td>\n<td>25.65%<\/td>\n<\/tr>\n<tr>\n<td>Reverse Repo<\/td>\n<td>Cash &#038; Cash Equivalents and Net Assets<\/td>\n<td>15.09%<\/td>\n<\/tr>\n<tr>\n<td>7.25% State Government Securities 2037<\/td>\n<td>Government Securities<\/td>\n<td>9.87%<\/td>\n<\/tr>\n<tr>\n<td>7.24% Government of India 2055<\/td>\n<td>Government Securities<\/td>\n<td>9.79%<\/td>\n<\/tr>\n<tr>\n<td>7.01% National Bank for Agriculture and Rural Development 2029 **<\/td>\n<td>Corporate Debt<\/td>\n<td>8.01%<\/td>\n<\/tr>\n<tr>\n<td>9.61% 360 One Prime Limited 2027 **<\/td>\n<td>Corporate Debt<\/td>\n<td>5.1%<\/td>\n<\/tr>\n<tr>\n<td>8.02% Cholamandalam Investment and Finance Company Ltd 2029 (FRN) **<\/td>\n<td>Floating Rate Instruments<\/td>\n<td>5.07%<\/td>\n<\/tr>\n<tr>\n<td>7.29% National Housing Bank 2031 **<\/td>\n<td>Corporate Debt<\/td>\n<td>5.05%<\/td>\n<\/tr>\n<tr>\n<td>8.42% Muthoot Finance Limited 2029 (FRN) **<\/td>\n<td>Floating Rate Instruments<\/td>\n<td>5.05%<\/td>\n<\/tr>\n<tr>\n<td>9.30% TVS Credit Services Limited 2029 **<\/td>\n<td>Corporate Debt<\/td>\n<td>4.14%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The largest holding is 7.71% Government of India 2066 at 25.65%, so one line item has a very large influence on the portfolio. After that, weights fall sharply into reverse repo at 15.09% and then into single-digit positions, which tells us the fund is not evenly spread across its top holdings.<\/p>\n<p>The drop from the largest position to the tenth holding is steep, from 25.65% to 4.14%. That pattern suggests the portfolio is concentrated in a handful of core positions rather than distributed evenly across many similarly sized holdings. The top 10 holdings together account for approximately 92.82% of the portfolio, and the fund discloses 14 holdings in total, so the visible book is quite concentrated even though the tail still exists.<\/p>\n<p>That mix may make the fund\u2019s behaviour more dependent on a small set of government securities, cash exposure and selected debt instruments. In our view, that is consistent with the fund\u2019s relatively steady profile, but it also means individual position changes could matter more than in a broadly diversified debt portfolio.<\/p>\n<p>To see all holdings, visit the <a href=\"https:\/\/univest.in\/mutual-funds\/mahindra-manulife-dynamic-term-fund-g-direct-plan\">Mahindra Manulife Dynamic Term Fund- Direct Growth Plan<\/a> page<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 15 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Who_should_invest\"><\/span>Who should invest<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This fund is better suited to investors who are comfortable with Medium Risk and want a debt-oriented holding that has been steadier than the benchmark across the periods shown. The 1-year result is much stronger than the benchmark, while the 3-year and 5-year figures are positive but not especially high. That points to a profile that may work better for a medium- to long-term horizon than for someone looking for fast gains.<\/p>\n<p>The main trade-off is that the portfolio\u2019s concentrated structure may keep the ride relatively controlled, but it also means returns are likely to remain moderate rather than stretching aggressively. Investors who want debt exposure with some resilience versus the benchmark may find the profile relevant, while those expecting strong upside from short-term swings may find it less compelling.<\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Tax_and_exit_load\"><\/span>Tax and exit load<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Holding period<\/th>\n<th>Tax rate<\/th>\n<th>Description<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Units held less than 1 year<\/td>\n<td>20%<\/td>\n<td>Short-term capital gains tax<\/td>\n<\/tr>\n<tr>\n<td>Units held more than 1 year<\/td>\n<td>12.5%<\/td>\n<td>Long-term capital gains tax<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>Exit load:<\/strong> No exit load.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 15 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Frequently_asked_questions\"><\/span>Frequently asked questions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"What_is_the_current_NAV_of_Mahindra_Manulife_Dynamic_Term_Fund-_Direct_Growth_Plan\"><\/span>What is the current NAV of Mahindra Manulife Dynamic Term Fund- Direct Growth Plan?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The current NAV is \u20b916.3158 as of 15 Sep 2026.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"What_are_the_1-year_3-year_and_5-year_returns\"><\/span>What are the 1-year, 3-year and 5-year returns?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The fund\u2019s returns are 5.34% for 1 year, 7.53% for 3 years and 5.96% for 5 years.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"How_has_it_performed_against_the_benchmark\"><\/span>How has it performed against the benchmark?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>It has stayed ahead of the benchmark across all the periods shown. The gap is especially wide over 1 year, where the fund is positive while the benchmark is negative.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"How_does_it_compare_with_peer_funds\"><\/span>How does it compare with peer funds?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Its 1-year, 3-year and 5-year figures are below several peer returns shown in the comparison table. The comparison is strongest on resilience versus the benchmark, but less strong versus the peer set on raw return numbers.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"What_is_the_minimum_SIP_amount\"><\/span>What is the minimum SIP amount?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The minimum SIP amount is \u20b9500.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Who_manages_the_fund_and_what_is_the_exit_load\"><\/span>Who manages the fund and what is the exit load?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The fund is managed by Rahul Pal and Kush Sonigara. There is no exit load.<\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Bottom_line\"><\/span>Bottom line<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Mahindra Manulife Dynamic Term Fund- Direct Growth Plan has delivered a steadier-looking return pattern than its benchmark, with the strongest relative showing in the last 1 year and a more moderate advantage over longer horizons. Against the peer set, its return figures are broadly a little softer on the available periods, especially over 1 year and 5 years. The portfolio is concentrated, led by a large government security and a meaningful reverse-repo allocation, which may support stability but can also cap upside. That makes the fund more relevant for investors seeking measured debt exposure than for those aiming for higher-return debt strategies.<\/p>\n<p class=\"univest-posted-at\" style=\"font-size:14px;color:#666;margin:20px 0 8px\">Published on 16 September 2026 at 8:12 AM IST<\/p>\n<section class=\"univest-login-cta\" style=\"margin:28px 0;padding:24px;border-radius:10px;background:#eef5ff;border:1px solid #cddff7;text-align:center\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Explore_mutual_funds_with_Univest\"><\/span>Explore mutual funds with Univest<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Review mutual fund data, compare performance and explore fund insights on Univest.<\/p>\n<p><a href=\"https:\/\/univest.in\/user\/log-in\" style=\"display:inline-block;padding:11px 20px;border-radius:6px;background:#1f4e79;color:#fff !important;text-decoration:none;font-weight:700\">Explore Univest<\/a><\/p>\n<\/section>\n<section class=\"univest-disclaimer\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"RIA_disclosure\"><\/span>RIA disclosure<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.<\/p>\n<\/section>\n<p><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"InvestmentFund\",\"name\":\"Mahindra Manulife Dynamic Term Fund- Direct Growth Plan\",\"identifier\":\"mahindra-manulife-dynamic-term-fund-g-direct-plan\",\"category\":\"Debt\",\"dateCreated\":\"20 Aug 2018\",\"isAccessibleForFree\":true,\"additionalProperty\":[{\"@type\":\"PropertyValue\",\"name\":\"NAV\",\"value\":16.3158,\"valueReference\":\"as of 15 Sep 2026\"},{\"@type\":\"PropertyValue\",\"name\":\"AUM\",\"value\":\"49 Cr\"},{\"@type\":\"PropertyValue\",\"name\":\"Expense Ratio\",\"value\":\"0.39\"},{\"@type\":\"PropertyValue\",\"name\":\"Benchmark\",\"value\":\"Nifty 50\"},{\"@type\":\"PropertyValue\",\"name\":\"1Y Return\",\"value\":5.34},{\"@type\":\"PropertyValue\",\"name\":\"3Y Return\",\"value\":7.53},{\"@type\":\"PropertyValue\",\"name\":\"5Y Return\",\"value\":5.96},{\"@type\":\"PropertyValue\",\"name\":\"Fund Managers\",\"value\":\"Rahul Pal, Kush Sonigara\"}]}<\/script><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the current NAV of Mahindra Manulife Dynamic Term Fund- Direct Growth Plan?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The current NAV is \u20b916.3158 as of 15 Sep 2026.\"}},{\"@type\":\"Question\",\"name\":\"What are the 1-year, 3-year and 5-year returns?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The fund\u2019s returns are 5.34% for 1 year, 7.53% for 3 years and 5.96% for 5 years.\"}},{\"@type\":\"Question\",\"name\":\"How has it performed against the benchmark?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It has stayed ahead of the benchmark across all the periods shown. The gap is especially wide over 1 year, where the fund is positive while the benchmark is negative.\"}},{\"@type\":\"Question\",\"name\":\"How does it compare with peer funds?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Its 1-year, 3-year and 5-year figures are below several peer returns shown in the comparison table. The comparison is strongest on resilience versus the benchmark, but less strong versus the peer set on raw return numbers.\"}},{\"@type\":\"Question\",\"name\":\"What is the minimum SIP amount?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The minimum SIP amount is \u20b9500.\"}},{\"@type\":\"Question\",\"name\":\"Who manages the fund and what is the exit load?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The fund is managed by Rahul Pal and Kush Sonigara. There is no exit load.\"}}]}<\/script><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"Organization\",\"name\":\"Uniapps Investment Adviser Pvt. Ltd.\",\"description\":\"SEBI Registered Investment Adviser INA000017639\"}<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mahindra Manulife Dynamic Term Fund- Direct Growth Plan had an NAV of \u20b916.3158 as of 15 Sep 2026, with 1Y\/3Y\/5Y returns of 5.34%, 7.53% and 5.96%.<\/p>\n","protected":false},"author":38,"featured_media":247659,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3841],"tags":[],"class_list":["post-247660","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mutual-funds"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["247659"],"rank_math_title":["Mahindra Manulife Fund Review 2026 | NAV &amp; Returns"],"rank_math_description":["Mahindra Manulife Dynamic Term Fund Direct Growth Plan NAV \u20b916.3158; 1Y 5.34%, 3Y 7.53%, 5Y 5.96% as of 15 Sep 2026."],"rank_math_focus_keyword":["Mahindra Manulife Dynamic Term Fund- Direct Growth Plan review"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/09\/Mahindra_Manulife_Dynamic_Term_Fund_Direct_Growth_Review_2026_NAV_Returns_Portfolio_Should_You_Invest_neutral.png","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/247660","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=247660"}],"version-history":[{"count":0,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/247660\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/247659"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=247660"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=247660"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=247660"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}