Mahindra Manulife Ultra Short Term Fund - Direct Plan - Growth
Mahindra Manulife Mutual Fund
Income/Debt Oriented Schemes - Ultra Short Term Fund
Best SIP day: the 15th.
Best SIP day for this fund
The 15th
Thin edgeThe 15th had the highest full-history XIRR for this fund. The same dates kept doing well across the history, but by very little: 0.01 pp above the middle of the month.
Why the 15th
- Highest return of all 28 dates6.668%
Full-history XIRR, 0.01 pp above the middle of the month (6.662%).
- How far apart the 28 dates are0.01 pp
From the 18th (6.657%) up to the 15th. Narrower than the 0.25 pp a date effect needs, though the order of dates held (0.68).
- What the spread is worth₹4,502
Between the highest- and lowest-value dates (the 1st and the 28th) on a notional ₹10,000 a month: 0.4% of the ₹10.5 lakh it grew to over 6.9 years.
Missing one instalment costs more than picking this date over a typical one.
The date with the highest XIRR and the date with the highest final value differ here, which points to noise.
This fund has 83 months of history, fewer than eight years. A spread of 0.01 pp is hard to tell apart from the noise a history this short produces, so this verdict reflects the length of the history as much as the fund.
Higher than todayLower than todayTodayBest dayNot a SIP date
Each SIP date shows its full-history XIRR. Dates shaded as “higher than today” beat today’s date; the other shade fell short. Weakest to strongest across all 28 is 0.01 pp, and the deeper the fill, the further from today’s figure that date sat. Tap a date (1–28) to compare it with the named day; that does not change the answer.
Loading the calendarDoes not change the named day.
What to keep in mind
The date with the highest XIRR and the date with the highest final value differ here, which points to noise.
This fund has 83 months of history, fewer than eight years. A spread of 0.01 pp is hard to tell apart from the noise a history this short produces, so this verdict reflects the length of the history as much as the fund.
The date with the highest return and the date that ended with the most money are not the same date here. When two measures of the same question disagree, the difference between the dates is noise.