
Mahindra Manulife Balanced Advantage Fund Direct Growth
Mahindra Manulife Balanced Advantage Fund Direct Growth
as on 02 Nov 2026
Mahindra Manulife Balanced Advantage Fund Direct Growth is a Hybrid mutual fund scheme launched on 30 Dec 2021. The current NAV stands at ₹15.8297 as of 02 Nov 2026. From the funds total AUM, its top holdings include Triparty Repo at 5.25%, ICICI Bank at 3.20%, MFL-8.52%-07042028-NCD at 2.82%, National Bank For Agriculture And Rural Development at 2.81%, Reliance Industries at 2.47%
Scheme Overview
- Inception Date : 30 Dec 2021
- AUM : ₹878.76 Cr
- 3Y Returns (CAGR) : 10.92%
- Expense Ratio : 0.86%
- Min. SIP : ₹500
- Min. Lumpsum : ₹1,000
Returns Calculator
basis annualised returns
Investment Type
SIP Amount
Investment Period
3Y
₹ 18.95 L
3.50%
₹ 20.40 L
8.00%
₹ 21.38 L
10.92%
Total Investment
₹ 18,00,000
Returns
₹ 3,37,847 (10.92%)
Maturity Value
₹ 21,37,847
Disclaimer: Fixed deposits offer guaranteed returns. Mutual fund investments carry market risks; read all scheme-related documents carefully. Past performance does not guarantee future returns.
Direct vs Regular Returns
Sorry, No Data Available at this Moment!
Returns vs Category
Sorry, No Data Available at this Moment!
*The above returns are absolute
Returns Vs Nifty 50
Historical Returns
Sorry, No Data Available at this Moment!
Start SIP with as Low as ₹100.
Historical NAV
Sorry, No Data Available at this Moment!
Asset Allocation
AUM
₹ 878.76 Cr
Cash Holding
-
Equity
-
Cash
-
Debt
-
Other
-
Asset Allocation
AUM
₹878.76 Cr
Cash Holding
-
Equity
-
Cash
-
Debt
-
Other
-
Sector Holdings
as of 31 May 2026
| Sectors | Allocation | Weightage | Value (in Cr.) |
|---|---|---|---|
| Other | 27.97% | ||
| Financial Services | 24.01% | ||
| Consumer Cyclical | 9.39% | ||
| Healthcare | 8.88% | ||
| Industrials | 7.75% | ||
| Energy | 5.49% | ||
| Communication Services | 4.12% | ||
| Technology | 3.71% | ||
| Basic Materials | 3.55% | ||
| Utilities | 2.30% | ||
| Real Estate | 1.71% | ||
| Consumer Defensive | 1.12% |
Stock Holdings
as of 31 May 2026
| Name | Allocation | Weightage |
|---|---|---|
![]() T Triparty Repo | 5.25% | |
![]() I ICICI Bank | 3.20% | |
![]() M MFL-8.52%-07042028-NCD | 2.82% | |
![]() N National Bank For Agriculture And Rural Development | 2.81% | |
![]() R Reliance Industries | 2.47% | |
![]() H HDFC Bank | 2.45% | |
![]() B Bharti Airtel | 2.44% | |
![]() G GOI LOAN 6.68% 2040 | 2.19% | |
![]() A Axis Bank | 2.18% | |
![]() I Indusind Bank | 2.13% | |
![]() J Jindal Steel | 1.91% | |
![]() S State Bank of India | 1.90% | |
![]() E Eternal | 1.72% | |
![]() A Apollo Hospitals | 1.71% | |
![]() L Laurus Labs | 1.70% | |
![]() I Indus Towers | 1.68% | |
![]() B Bharat Heavy Electricals | 1.65% | |
![]() C Coal India | 1.64% | |
![]() U UltraTech Cement | 1.64% | |
![]() B Bajaj Finance | 1.52% | |
![]() L Larsen & Toubro | 1.45% | |
![]() T Tech Mahindra | 1.41% | |
![]() O Oil & Natural Gas Corporation | 1.38% | |
![]() F Federal Bank | 1.37% | |
![]() F Fortis Healthcare | 1.37% | |
![]() H HDFC Bank Limited | 1.36% | |
![]() M Mahindra & Mahindra | 1.36% | |
![]() S Senores Pharmaceuticals | 1.36% | |
![]() B Bharat Electronics | 1.34% | |
![]() N Net Receivables / (Payables) | 1.26% | |
![]() A Aditya Vision | 1.25% | |
![]() G Glenmark Pharmaceuticals | 1.24% | |
![]() T Titan | 1.22% | |
![]() B Bank of Maharashtra | 1.20% | |
![]() B BTL-8.75%-05112028-NCD | 1.14% | |
![]() S SIDBI-7.68%-10082027-NCD | 1.13% | |
![]() M MFL-8.52%-26052028-NCD | 1.13% | |
![]() M Mindspace Business Parks Reit | 1.11% | |
![]() G GOI LOAN 7.24% 2055 | 1.08% | |
![]() S SDL MH 6.98% 2037 | 1.07% | |
![]() D Divis Laboratories | 1.06% | |
![]() I Infosys | 1.03% | |
![]() B Brookfield India Real Estate Trust | 1.01% | |
![]() M Maruti Suzuki | 1.01% | |
![]() I Indian Bank | 0.99% | |
![]() D Delhivery | 0.98% | |
![]() A Aditya Birla Sun Life AMC | 0.96% | |
![]() P Power Grid Corporation of India | 0.95% | |
![]() B Bajaj Auto | 0.95% | |
![]() A Aditya Birla Capital | 0.95% | |
![]() M MCX | 0.90% | |
![]() V Vishal Mega Mart | 0.88% | |
![]() H HDFC AMC | 0.82% | |
![]() S SRF | 0.80% | |
![]() L L&T Finance | 0.78% | |
![]() J JM Financial Services Limited | 0.78% | |
![]() I IDFC First Bank | 0.75% | |
![]() B Bosch | 0.75% | |
![]() P Phoenix Mills | 0.70% | |
![]() M Mahanagar Gas | 0.69% | |
![]() R Radico Khaitan | 0.68% | |
![]() C Cummins | 0.67% | |
![]() B Black Buck | 0.66% | |
![]() J JSW Energy | 0.66% | |
![]() C Coforge | 0.61% | |
![]() T TVS Credit Services Limited | 0.57% | |
![]() S Small Industries Dev Bank Of India | 0.57% | |
![]() N NABARD-7.62%-10052029-NCD | 0.56% | |
![]() E Embassy Office Parks Reit | 0.56% | |
![]() S SDL MH 7.2% 2036 | 0.55% | |
![]() S SDL MH 7.25% 2037 | 0.55% | |
![]() I ICICI Lombard General Insurance | 0.53% | |
![]() G GOI LOAN 6.90% 2065 | 0.51% | |
![]() M Max Financial Services | 0.50% | |
![]() P Polycab | 0.48% | |
![]() C CRISIL | 0.48% | |
![]() T Torrent Pharmaceuticals | 0.46% | |
![]() B Britannia Industries | 0.44% | |
![]() I IIFL Finance | 0.40% | |
![]() H Hindustan Aeronautics | 0.39% | |
![]() M MFL TBILL LKD 2029 | 0.34% | |
![]() N NABARD-7.48%-15092028-NCD | 0.28% | |
![]() A Arvind Fashions | 0.26% | |
![]() P Power Finance Corporation Limited | 0.17% | |
![]() L LIC Housing Finance Ltd | 0.11% | |
![]() M Margin Placed With Ccil & Arcl | 0.08% | |
![]() N National Bank For Agriculture And Rural Development | 0.00% | |
![]() S Small Industries Development Bank Of India | 0.00% | |
![]() G GOI LOAN 6.48% 2035 | 0.00% | |
![]() E Export Import Bank Of India | 0.00% |
Fund Comparison
Fund Details
52W High NAV
₹ 16.4100
Min. SIP Amount
₹ 500.00
Min. Lumpsum Amount
₹ 1,000.00
AUM (in Cr.)
₹ 878.76
Expense Ratio
0.86%
Lock-in Period
No Lock in Period
52W Low NAV
₹ 14.4275
Inception Date
30 Dec 2021
Fund Age
4 Yrs
Benchmark
Nifty 50 Hybrid Composite Debt 50:50 Index
Scheme Type
Open Ended
Stamp Duty
0.005% (from July 1st 2020)
Exit Load
- Exit load for units in excess of 10% of the investment 1% will be charged for redemption within 3 months.
Tax Implication
- If you redeem within 1 year, STCG are taxed at 20%; If you redeem after 1 year, and returns exceed ₹1.25 Lakhs in a financial year, LTCG are taxed at 12.5%
Fund Managers
| Name | Qualification |
|---|---|
| Rahul Pal | B.com., CA |
| Amit Garg | B.Com, MMS Finance, CFA |
| Neelesh Dhamnaskar | Commerce Graduate and MMS (Finace) |
| Hemang Kapasi | PGDBA (Finance); Accounting Technician, ICAI |
Fund Objective
The investment objective of the Scheme is to provide capital appreciation and generate income through a dynamic mix of equity, debt and money market instruments. The Scheme seeks to reduce the volatility by diversifying the assets across equity, debt and money market instruments. However, there can be no assurance that the investment objective of the Scheme will be achieved.
Risk-O-Meter
Investors understand that their principal will be at
Moderately High Risk
Risk Scale
Low
Moderately Low
Moderate
Moderately High
High
Very High
AMC Information
Mahindra Manulife Mutual Fund
No. of Schemes
26
Total AUM
₹ 37,166.55 Cr
Contact Details
No. 204, 2nd Floor, Amiti Building,Piramal Agastya Corporate ParkLBS Road, Kurla(w), Mumbai 400070
Contact Details
No. 204, 2nd Floor, Amiti Building,Piramal Agastya Corporate ParkLBS Road, Kurla(w), Mumbai 400070
FAQs
When was Mahindra Manulife Balanced Advantage Fund launched?
What is the current NAV of Mahindra Manulife Balanced Advantage Fund?
What is the AUM of Mahindra Manulife Balanced Advantage Fund?
What is the rate of return of Mahindra Manulife Balanced Advantage Fund?
- In the past 1Y: -0.70%
- In the past 3Y: 10.92%
- In the past 5Y: 0.00%
What is the expense ratio of Mahindra Manulife Balanced Advantage Fund?
What is exit load of Mahindra Manulife Balanced Advantage Fund?
What is the portfolio of Mahindra Manulife Balanced Advantage Fund?
- ICICI Bank: 3.20%
- Reliance Industries: 2.47%
- HDFC Bank: 2.45%
- Bharti Airtel: 2.44%
- Axis Bank: 2.18%
Top 3 sectoral holdings include:
- Others: 27.97%
- Financial Services: 24.01%
- Consumer Cyclical: 9.39%
How risky is investing in Mahindra Manulife Balanced Advantage Fund?
Who is the fund manager Mahindra Manulife Balanced Advantage Fund?
What is the minimum investment required in Mahindra Manulife Balanced Advantage Fund?
How to invest in Mahindra Manulife Balanced Advantage Fund directly?
- Open Demat Account on Dhan if you don't have one.
- Analyze the fund performance.
- Invest via SIP or Lumpsum.

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