Edelweiss NIFTY PSU Bond Plus SDL Apr 2027 50:50 Index Fund vs Mahindra Manulife Ultra Short Term Fund
Direct Plan, Growth option · Data as on 30-10-2026
Edelweiss NIFTY PSU Bond Plus SDL Apr 2027 50:50 Index Fund is an Index fund and Mahindra Manulife Ultra Short Term Fund is an Ultra Short fund. In the 3 years to 30-10-2026, Edelweiss NIFTY PSU Bond Plus SDL Apr 2027 50:50 Index Fund (Direct) returned 7.5% a year and Mahindra Manulife Ultra Short Term Fund (Direct) returned 7.2% a year. Edelweiss NIFTY PSU Bond Plus SDL Apr 2027 50:50 Index Fund charges 0.25% a year and Mahindra Manulife Ultra Short Term Fund 0.31% (Direct plans). Their portfolios overlap 12.6%: they hold 2 of the same securities.
Edelweiss NIFTY PSU Bond Plus SDL Apr 2027 50:50 Index Fund
Index
- 3 year return
- 7.5%
- Expense ratio
- 0.25%
- NAV
- ₹13.49
Mahindra Manulife Ultra Short Term Fund
Ultra Short
- 3 year return
- 7.2%
- Expense ratio
- 0.31%
- NAV
- ₹1,531.87
Which is better, Edelweiss NIFTY PSU Bond Plus SDL Apr 2027 50:50 Index or Mahindra Manulife Ultra Short Term? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Mahindra Manulife Ultra Short Term returned more over 5 years: 6.6% a year against 6.2%.
- Edelweiss NIFTY PSU Bond Plus SDL Apr 2027 50:50 Index returned more over 3 years: 7.5% a year against 7.2%.
- Edelweiss NIFTY PSU Bond Plus SDL Apr 2027 50:50 Index costs less: 0.25% a year against 0.31% (Direct plans).
- Mahindra Manulife Ultra Short Term swung less over 3 years: a standard deviation of 0.4% a year against 0.6%.
- Mahindra Manulife Ultra Short Term fell less in its worst fall since 18-10-2021: −0.2% against −3.5%.
- Edelweiss NIFTY PSU Bond Plus SDL Apr 2027 50:50 Index is the larger fund: ₹2,084 Cr against ₹205 Cr.
- Their portfolios overlap 12.6%: 2 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Edelweiss NIFTY PSU Bond Plus SDL Apr 2027 50:50 Index Fund | Mahindra Manulife Ultra Short Term Fund |
|---|---|---|
| Fund house | Edelweiss Mutual Fund | Mahindra Manulife Mutual Fund |
| Category | Index | Ultra Short |
| AUM | ₹2,084 Cr (30-09-2026) | ₹205 Cr (30-09-2026) |
| NAV | ₹13.49 (Direct) | ₹1,531.87 (Direct) |
| Expense ratio (Direct) | 0.25% | 0.31% |
| Expense ratio (Regular) | 0.43% | 0.73% |
| Riskometer | Low to Moderate | Low to Moderate |
| Benchmark | Nifty PSU Bond Plus SDL Apr 2027 50:50 Index | CRISIL Ultra Short Duration Debt A-I Index |
| Launch date | 14-10-2021 | 17-10-2019 |
| Minimum investment | ₹100 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Hetul Raval, Dhawal Dalal | Rahul Pal |
| Exit load | 0.15% upto 30 days Nil after 30 days | Nil |
Edelweiss NIFTY PSU Bond Plus SDL Apr 2027 50:50 Index vs Mahindra Manulife Ultra Short Term: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Edelweiss NIFTY PSU Bond Plus SDL Apr 2027 50:50 Index Fund (Direct) | +0.29% | +1.27% | +2.93% | +5.71% | +7.49% | +6.21% | -- |
| Mahindra Manulife Ultra Short Term Fund (Direct) | +0.31% | +1.43% | +3.19% | +6.41% | +7.20% | +6.63% | -- |
| Ultra Short average | +0.30% | +1.34% | +3.06% | +6.00% | +6.82% | +6.27% | -- |
Category average: the average of the 26 Ultra Short funds, same plan type.
Edelweiss NIFTY PSU Bond Plus SDL Apr 2027 50:50 Index vs Mahindra Manulife Ultra Short Term: Year-wise Returns
| Year | Edelweiss NIFTY PSU Bond Plus SDL Apr 2027 50:50 IndexEdelweiss NIFTY PSU Bond Plus SDL Apr 2027 50:50 Index | Mahindra Manulife Ultra Short TermMahindra Manulife Ultra Short Term |
|---|---|---|
| 2026to date | +4.76% | +5.34% |
| 2025 | +7.93% | +7.24% |
| 2024 | +8.13% | +7.81% |
| 2023 | +6.86% | +7.30% |
| 2022 | +2.50% | +4.80% |
| 2021 | -- | +3.72% |
Edelweiss NIFTY PSU Bond Plus SDL Apr 2027 50:50 Index vs Mahindra Manulife Ultra Short Term: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 492 of them, one for each trading day from 18-10-2024 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Edelweiss NIFTY PSU Bond Plus SDL Apr 2027 50:50 Index Fund (Direct)
Mahindra Manulife Ultra Short Term Fund (Direct)
to
Dec 2024Apr 2022
to
Apr 2025Aug 2022
to
Aug 2025Dec 2022
to
Dec 2025May 2023
to
May 2026Aug 2023
to
Aug 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Edelweiss NIFTY PSU Bond Plus SDL Apr 2027 50:50 Index | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.2% | 7.5% | 5.6% | 8.2% |
| Mahindra Manulife Ultra Short Term | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.2% | 7.3% | 6.4% | 7.5% |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. Every fund is measured over the days all of them have, from 18-10-2021. Past returns do not promise future returns.
Edelweiss NIFTY PSU Bond Plus SDL Apr 2027 50:50 Index vs Mahindra Manulife Ultra Short Term: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 18-10-2021 to 30-10-2026: 61 instalments, ₹6,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Edelweiss NIFTY PSU Bond Plus SDL Apr 2027 50:50 IndexEdelweiss NIFTY PSU Bond Plus SDL Apr 2027 50:50 Index Fund (Direct) | ₹6,10,000 | ₹7,26,986 | ₹1,16,986 | 6.9% |
| Mahindra Manulife Ultra Short TermMahindra Manulife Ultra Short Term Fund (Direct) | ₹6,10,000 | ₹7,29,393 | ₹1,19,393 | 7.0% |
Edelweiss NIFTY PSU Bond Plus SDL Apr 2027 50:50 IndexEdelweiss NIFTY PSU Bond Plus SDL Apr 2027 50:50 Index Fund (Direct)
Mahindra Manulife Ultra Short TermMahindra Manulife Ultra Short Term Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Edelweiss NIFTY PSU Bond Plus SDL Apr 2027 50:50 Index vs Mahindra Manulife Ultra Short Term: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Edelweiss NIFTY PSU Bond Plus SDL Apr 2027 50:50 Index Fund (Direct) | Mahindra Manulife Ultra Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.71% | +6.41% |
| Standard deviation | 0.51% | 0.41% |
| Sharpe ratio | 0.90 | 2.81 |
| Sortino ratio | 1.43 | 4.80 |
| Maximum drawdown | −0.2% (21-05-2026) | −0.1% (23-10-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Edelweiss NIFTY PSU Bond Plus SDL Apr 2027 50:50 Index Fund (Direct) | Mahindra Manulife Ultra Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.49% | +7.20% |
| Standard deviation | 0.64% | 0.36% |
| Sharpe ratio | 2.31 | 3.26 |
| Sortino ratio | 4.06 | 6.54 |
| Maximum drawdown | −0.2% (13-06-2025) | −0.1% (23-10-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Edelweiss NIFTY PSU Bond Plus SDL Apr 2027 50:50 Index Fund (Direct) | Mahindra Manulife Ultra Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.21% | +6.63% |
| Standard deviation | 1.37% | 0.35% |
| Sharpe ratio | 0.30 | 2.39 |
| Sortino ratio | 0.38 | 4.39 |
| Maximum drawdown | −3.5% (06-05-2022) | −0.2% (06-05-2022) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 29-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Edelweiss NIFTY PSU Bond Plus SDL Apr 2027 50:50 Index Fund (Direct) | Mahindra Manulife Ultra Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.13% | +6.25% |
| Standard deviation | 1.37% | 0.46% |
| Sharpe ratio | 0.25 | 2.45 |
| Sortino ratio | 0.31 | 5.37 |
| Maximum drawdown | −3.5% (06-05-2022) | −0.5% (24-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 18-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Edelweiss NIFTY PSU Bond Plus SDL Apr 2027 50:50 Index Fund (Direct)
Mahindra Manulife Ultra Short Term Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Edelweiss NIFTY PSU Bond Plus SDL Apr 2027 50:50 Index Fund (Direct) | −3.5% | 31-03-2022 | 06-05-2022 | 13-09-2022 | 4 months | 0.0% |
| Mahindra Manulife Ultra Short Term Fund (Direct) | −0.2% | 02-05-2022 | 06-05-2022 | 30-05-2022 | 24 days | 0.0% |
From daily values since 18-10-2021, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Edelweiss NIFTY PSU Bond Plus SDL Apr 2027 50:50 Index Fund (Direct)
Mahindra Manulife Ultra Short Term Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Edelweiss NIFTY PSU Bond Plus SDL Apr 2027 50:50 Index Fund (Direct)
Mahindra Manulife Ultra Short Term Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Edelweiss NIFTY PSU Bond Plus SDL Apr 2027 50:50 Index Fund (Direct)
Mahindra Manulife Ultra Short Term Fund (Direct)
Edelweiss NIFTY PSU Bond Plus SDL Apr 2027 50:50 Index vs Mahindra Manulife Ultra Short Term: Portfolio Overlap
From each fund's latest monthly portfolio: Edelweiss NIFTY PSU Bond Plus SDL Apr 2027 50:50 Index Fund, September 2026; Mahindra Manulife Ultra Short Term Fund, September 2026
Holdings in common
- Overlap
- 12.6%
- Held by both
- 2
- Only in Edelweiss NIFTY PSU Bond Plus SDL Apr 2027 50:50 Index
- 27
- Only in Mahindra Manulife Ultra Short Term
- 27
| Security | % of Edelweiss NIFTY PSU Bond Plus SDL Apr 2027 50:50 Index | % of Mahindra Manulife Ultra Short Term |
|---|---|---|
| 7.83% IRFC LTD NCD RED 19-03-2027 | 8.19% | 7.83% |
| 7.80% NABARD NCD SR 24E RED 15-03-2027 | 4.80% | 6.83% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 12.6% means 12.6% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Edelweiss NIFTY PSU Bond Plus SDL Apr 2027 50:50 Index Fund
| Security | % of fund |
|---|---|
| 6.58% GUJARAT SDL RED 31-03-2027 | 10.58% |
| 6.14% IND OIL COR NCD 18-02-27 | 9.57% |
| 7.75% POWER FIN COR GOI SER NCD 22-03-27 | 7.22% |
| 7.89% POWER GRID CORP NCD RED 09-03-2027 | 5.29% |
| 7.78% BIHAR SDL RED 01-03-2027 | 5.07% |
Largest holdings only in Mahindra Manulife Ultra Short Term Fund
| Security | % of fund |
|---|---|
| Small Industries Dev Bank of India 2027 | 9.04% |
| Indian Bank 2027 | 8.61% |
| 7.64% REC Limited 2027 | 6.82% |
| 8.30% Godrej Properties Limited 2027 | 5.86% |
| 7.95% Mindspace Business Parks REIT 2027 | 4.88% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Edelweiss NIFTY PSU Bond Plus SDL Apr 2027 50:50 Index | Mahindra Manulife Ultra Short Term |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 97.0% | 94.4% |
| Cash and others | 3.0% | 5.6% |
Edelweiss NIFTY PSU Bond Plus SDL Apr 2027 50:50 Index vs Mahindra Manulife Ultra Short Term: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Edelweiss NIFTY PSU Bond Plus SDL Apr 2027 50:50 Index Fund | Mahindra Manulife Ultra Short Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.25% | 0.31% |
| Base expense ratio (Direct) | 0.21% | 0.26% |
| Total expense ratio (Regular) | 0.43% | 0.73% |
| Base expense ratio (Regular) | 0.37% | 0.62% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare Mahindra Manulife Ultra Short Term with
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Edelweiss NIFTY PSU Bond Plus SDL Apr 2027 50:50 Index Fund vs Mahindra Manulife Ultra Short Term Fund: Frequently Asked Questions
What is the difference between Edelweiss NIFTY PSU Bond Plus SDL Apr 2027 50:50 Index Fund and Mahindra Manulife Ultra Short Term Fund?
Edelweiss NIFTY PSU Bond Plus SDL Apr 2027 50:50 Index Fund is an Index fund, Mahindra Manulife Ultra Short Term Fund is an Ultra Short fund, run by Edelweiss Mutual Fund and Mahindra Manulife Mutual Fund. Their portfolios overlap 12.6%. Edelweiss NIFTY PSU Bond Plus SDL Apr 2027 50:50 Index Fund charges 0.25% a year and Mahindra Manulife Ultra Short Term Fund 0.31%.
Which has given higher returns, Edelweiss NIFTY PSU Bond Plus SDL Apr 2027 50:50 Index Fund or Mahindra Manulife Ultra Short Term Fund?
Over 1 year: Edelweiss NIFTY PSU Bond Plus SDL Apr 2027 50:50 Index Fund +5.71%, Mahindra Manulife Ultra Short Term Fund +6.41%. Over 3 years: Edelweiss NIFTY PSU Bond Plus SDL Apr 2027 50:50 Index Fund +7.49% a year, Mahindra Manulife Ultra Short Term Fund +7.20% a year. Over 5 years: Edelweiss NIFTY PSU Bond Plus SDL Apr 2027 50:50 Index Fund +6.21% a year, Mahindra Manulife Ultra Short Term Fund +6.63% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Edelweiss NIFTY PSU Bond Plus SDL Apr 2027 50:50 Index Fund or Mahindra Manulife Ultra Short Term Fund?
Edelweiss NIFTY PSU Bond Plus SDL Apr 2027 50:50 Index Fund charges less: 0.25% a year against 0.31%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Edelweiss NIFTY PSU Bond Plus SDL Apr 2027 50:50 Index Fund and Mahindra Manulife Ultra Short Term Fund overlap?
12.6%. They hold 2 of the same securities, the largest shared ones being 7.83% IRFC LTD NCD RED 19-03-2027, 7.80% NABARD NCD SR 24E RED 15-03-2027. From each fund's latest monthly portfolio.
Which is riskier, Edelweiss NIFTY PSU Bond Plus SDL Apr 2027 50:50 Index Fund or Mahindra Manulife Ultra Short Term Fund?
On SEBI's riskometer, Edelweiss NIFTY PSU Bond Plus SDL Apr 2027 50:50 Index Fund is rated Low to Moderate and Mahindra Manulife Ultra Short Term Fund Low to Moderate. Over 3 years, the standard deviation of daily returns was 0.64% and 0.36% a year.
Which is better for SIP, Edelweiss NIFTY PSU Bond Plus SDL Apr 2027 50:50 Index Fund or Mahindra Manulife Ultra Short Term Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 18-10-2021 to 30-10-2026 grew to ₹7,26,986 in Edelweiss NIFTY PSU Bond Plus SDL Apr 2027 50:50 Index Fund (XIRR 6.9% a year) and ₹7,29,393 in Mahindra Manulife Ultra Short Term Fund (XIRR 7.0% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Edelweiss NIFTY PSU Bond Plus SDL Apr 2027 50:50 Index Fund and Mahindra Manulife Ultra Short Term Fund?
Yes. 12.6% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Edelweiss NIFTY PSU Bond Plus SDL Apr 2027 50:50 Index Fund and Mahindra Manulife Ultra Short Term Fund?
Edelweiss NIFTY PSU Bond Plus SDL Apr 2027 50:50 Index Fund: Hetul Raval, Dhawal Dalal. Mahindra Manulife Ultra Short Term Fund: Rahul Pal.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.