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Mahindra Manulife Balanced Advantage Fund Direct Growth
HybridDynamic Asset AllocationVery High Risk
Direct
NAV (09-Jan-26)
₹15.70-0.59%1D
Returns (Since Inception)
11.85%
Rated ★4.3+ on 
Fund Overview
Fund Size
₹928 Cr
Expense Ratio
0.53%
ISIN
INF174V01BE0
Minimum SIP
₹1,000
Exit Load
1.00%
Inception Date
30 Dec 2021
About this fund
Mahindra Manulife Balanced Advantage Fund Direct Growth is a Dynamic Asset Allocation mutual fund schemes offered by Mahindra Manulife Mutual Fund. This fund has been in existence for 4 years and 13 days, having been launched on 30-Dec-21.
As of 09-Jan-26, it has a Net Asset Value (NAV) of ₹15.70, Assets Under Management (AUM) of 928.21 Crores, and an expense ratio of 0.53%.
As of 09-Jan-26, it has a Net Asset Value (NAV) of ₹15.70, Assets Under Management (AUM) of 928.21 Crores, and an expense ratio of 0.53%.
- Mahindra Manulife Balanced Advantage Fund Direct Growth has given a CAGR return of 11.85% since inception.
- The fund's asset allocation comprises around 67.68% in equities, 20.70% in debts, and 11.61% in cash & cash equivalents.
- You can start investing in Mahindra Manulife Balanced Advantage Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹1000.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+6.86%
+5.72% (Cat Avg.)
3 Years
+14.46%
+12.32% (Cat Avg.)
Since Inception
+11.85%
— (Cat Avg.)
Portfolio Summaryas of 31st December 2025
| Equity | ₹628.18 Cr | 67.68% |
| Debt | ₹192.13 Cr | 20.70% |
| Others | ₹107.89 Cr | 11.62% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Net Receivables / (Payables) | Cash | ₹32.79 Cr | 3.53% |
| Mahindra Manu Liquid Dir Gr | Mutual Fund - Open End | ₹30.01 Cr | 3.23% |
| JSW Steel Ltd | Equity | ₹26.23 Cr | 2.83% |
| Indus Towers Ltd Ordinary Shares | Equity | ₹25.96 Cr | 2.80% |
| Muthoot Finance Limited | Bond - Corporate Bond | ₹25.36 Cr | 2.73% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹25.33 Cr | 2.73% |
| UltraTech Cement Ltd | Equity | ₹24.28 Cr | 2.62% |
| ICICI Bank Ltd | Equity | ₹22.83 Cr | 2.46% |
| Reliance Industries Ltd | Equity | ₹21.2 Cr | 2.28% |
| State Bank of India | Equity | ₹21.12 Cr | 2.28% |
| Triparty Repo | Cash - Repurchase Agreement | ₹20.47 Cr | 2.21% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹20.36 Cr | 2.19% |
| 6.68% Govt Stock 2040 | Bond - Gov't/Treasury | ₹19.91 Cr | 2.14% |
| Axis Bank Ltd | Equity | ₹19.04 Cr | 2.05% |
| IndusInd Bank Ltd | Equity | ₹17.8 Cr | 1.92% |
| Bharti Airtel Ltd | Equity | ₹16.84 Cr | 1.81% |
| Laurus Labs Ltd | Equity | ₹16.84 Cr | 1.81% |
| Glenmark Pharmaceuticals Ltd | Equity | ₹16.28 Cr | 1.75% |
| Divi's Laboratories Ltd | Equity | ₹15.98 Cr | 1.72% |
| Infosys Ltd | Equity | ₹15.03 Cr | 1.62% |
| HDFC Bank Ltd | Equity | ₹14.57 Cr | 1.57% |
| Tech Mahindra Ltd | Equity | ₹13.36 Cr | 1.44% |
| Apollo Hospitals Enterprise Ltd | Equity | ₹13.03 Cr | 1.40% |
| Bajaj Finserv Ltd | Equity | ₹12.65 Cr | 1.36% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹11.81 Cr | 1.27% |
| DLF Ltd | Equity | ₹11.69 Cr | 1.26% |
| Bajaj Finance Ltd | Equity | ₹11.55 Cr | 1.24% |
| Fortis Healthcare Ltd | Equity | ₹11.49 Cr | 1.24% |
| Maruti Suzuki India Ltd | Equity | ₹11.35 Cr | 1.22% |
| Grasim Industries Ltd | Equity | ₹11.32 Cr | 1.22% |
| The Federal Bank Ltd | Equity | ₹11.22 Cr | 1.21% |
| Bajaj Finance Limited January 2026 Future | Equity - Future | ₹-11.17 Cr | 1.20% |
| IDFC First Bank Ltd | Equity | ₹10.7 Cr | 1.15% |
| Coal India Ltd | Equity | ₹10.37 Cr | 1.12% |
| Bharti Telecom Limited | Bond - Corporate Bond | ₹10.31 Cr | 1.11% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹10.13 Cr | 1.09% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹10.12 Cr | 1.09% |
| Bharat Heavy Electricals Ltd | Equity | ₹10.06 Cr | 1.08% |
| Mindspace Business Parks Reit | Bond - Corporate Bond | ₹9.97 Cr | 1.07% |
| 6.48% Govt Stock 2035 | Bond - Gov't/Treasury | ₹9.91 Cr | 1.07% |
| DSP Finance Pvt Ltd. | Cash - Commercial Paper | ₹9.88 Cr | 1.06% |
| Canara Bank | Equity | ₹9.76 Cr | 1.05% |
| LTIMindtree Ltd | Equity | ₹9.75 Cr | 1.05% |
| 6.98% Manipur SDL 2017 | Bond - Gov't/Treasury | ₹9.67 Cr | 1.04% |
| Aditya Vision Ltd | Equity | ₹9.66 Cr | 1.04% |
| Mahindra & Mahindra Ltd | Equity | ₹9.64 Cr | 1.04% |
| Bharat Electronics Ltd | Equity | ₹9.51 Cr | 1.02% |
| Wipro Ltd | Equity | ₹9.48 Cr | 1.02% |
| 7.24% Govt Stock 2055 | Bond - Gov't/Treasury | ₹8.98 Cr | 0.97% |
| Senores Pharmaceuticals Ltd | Equity | ₹8.8 Cr | 0.95% |
| Indian Bank | Equity | ₹8.79 Cr | 0.95% |
| Tega Industries Ltd | Equity | ₹8.58 Cr | 0.92% |
| Dabur India Ltd | Equity | ₹8.56 Cr | 0.92% |
| SRF Ltd | Equity | ₹8 Cr | 0.86% |
| REC Ltd | Equity | ₹7.73 Cr | 0.83% |
| Bajaj Auto Ltd | Equity | ₹7.47 Cr | 0.81% |
| HDFC Asset Management Co Ltd | Equity | ₹7.21 Cr | 0.78% |
| Godrej Properties Ltd | Equity | ₹7.02 Cr | 0.76% |
| Angel One Ltd Ordinary Shares | Equity | ₹6.98 Cr | 0.75% |
| JM Financial Services Limited | Bond - Corporate Bond | ₹6.97 Cr | 0.75% |
| Kaynes Technology India Ltd | Equity | ₹6.96 Cr | 0.75% |
| Bosch Ltd | Equity | ₹6.49 Cr | 0.70% |
| Aditya Birla Sun Life AMC Ltd | Equity | ₹6.44 Cr | 0.69% |
| Mahanagar Gas Ltd | Equity | ₹6.33 Cr | 0.68% |
| Kajaria Ceramics Ltd | Equity | ₹6 Cr | 0.65% |
| Cholamandalam Financial Holdings Ltd | Equity | ₹5.86 Cr | 0.63% |
| IIFL Finance Ltd | Equity | ₹5.49 Cr | 0.59% |
| Vishal Mega Mart Ltd | Equity | ₹5.45 Cr | 0.59% |
| Mankind Pharma Ltd | Equity | ₹5.32 Cr | 0.57% |
| ICICI Lombard General Insurance Co Ltd | Equity | ₹5.1 Cr | 0.55% |
| Embassy Office Parks Reit | Bond - Corporate Bond | ₹5.1 Cr | 0.55% |
| TVS Credit Services Limited | Bond - Corporate Bond | ₹5.08 Cr | 0.55% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹5.07 Cr | 0.55% |
| State Government Securities | Bond - Gov't/Treasury | ₹4.94 Cr | 0.53% |
| State Government Securities | Bond - Gov't/Treasury | ₹4.93 Cr | 0.53% |
| Sri Lotus Developers And Realty Ltd | Equity | ₹4.86 Cr | 0.52% |
| JSW Energy Ltd | Equity | ₹4.73 Cr | 0.51% |
| CRISIL Ltd | Equity | ₹4.62 Cr | 0.50% |
| AWL Agri Business Ltd | Equity | ₹4.03 Cr | 0.43% |
| Hindustan Aeronautics Ltd Ordinary Shares | Equity | ₹3.51 Cr | 0.38% |
| Polycab India Ltd | Equity | ₹3.43 Cr | 0.37% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹2.94 Cr | 0.32% |
| Arvind Fashions Ltd | Equity | ₹2.49 Cr | 0.27% |
| Oswal Pumps Ltd | Equity | ₹2.05 Cr | 0.22% |
| ICICI Prudential Asset Management Co Ltd | Equity | ₹0.36 Cr | 0.04% |
| Tata Motors Ltd | Equity | ₹0.03 Cr | 0.00% |
| ABB India Ltd | Equity | ₹0.03 Cr | 0.00% |
| Tata Motors Passenger Vehicles Ltd | Equity | ₹0.03 Cr | 0.00% |
Allocation By Market Cap (Equity)
Large Cap Stocks
39.77%
Mid Cap Stocks
21.38%
Small Cap Stocks
7.73%
Allocation By Credit Quality (Debt)
AAA
AA
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹209.84 Cr | 22.61% |
| Healthcare | ₹87.74 Cr | 9.45% |
| Basic Materials | ₹61.82 Cr | 6.66% |
| Industrials | ₹56.03 Cr | 6.04% |
| Technology | ₹54.58 Cr | 5.88% |
| Consumer Cyclical | ₹52.62 Cr | 5.67% |
| Communication Services | ₹42.81 Cr | 4.61% |
| Energy | ₹31.57 Cr | 3.40% |
| Real Estate | ₹18.7 Cr | 2.01% |
| Consumer Defensive | ₹12.6 Cr | 1.36% |
| Utilities | ₹11.06 Cr | 1.19% |
Risk & Performance Ratios
Standard Deviation
This fund
8.42%
Cat. avg.
7.59%
Lower the better
Sharpe Ratio
This fund
0.89
Cat. avg.
0.81
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
1.38
Higher the better
Fund Managers
Additional Scheme Detailsas of 31st December 2025
ISIN INF174V01BE0 | Expense Ratio 0.53% | Exit Load 1.00% | Fund Size ₹928 Cr | Age 4 years | Lumpsum Minimum ₹1,000 | Fund Status Open Ended Investment Company | Benchmark Nifty 50 Hybrid Comp Debt 50:50 TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
Dividend Taxation:
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Dynamic Asset Allocation Funds
About the AMC
Mahindra Manulife Mutual Fund
Total AUM
₹33,324 Cr
Address
570 P. B. Marg, Worli, Mumbai 400018, Mumbai, 400018
Other Funds by Mahindra Manulife Mutual Fund
Risk Level
Your principal amount will be at Very High Risk
Take control of your wealth
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Still got questions?
We're here to help.
What is the current NAV of Mahindra Manulife Balanced Advantage Fund Direct Growth?
The NAV of Mahindra Manulife Balanced Advantage Fund Direct Growth, as of 09-Jan-2026, is ₹15.70.
What are the returns of Mahindra Manulife Balanced Advantage Fund Direct Growth?
The fund has generated 6.86% over the last 1 year and 14.46% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
What is the portfolio composition of Mahindra Manulife Balanced Advantage Fund Direct Growth?
The fund's allocation of assets is distributed as 67.68% in equities, 20.70% in bonds, and 11.61% in cash and cash equivalents.
Who manages the Mahindra Manulife Balanced Advantage Fund Direct Growth?
The fund managers responsible for Mahindra Manulife Balanced Advantage Fund Direct Growth are:-
- Rahul Pal
- Amit Garg
- Fatema Pacha
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Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
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Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Pvt. Ltd. is a Portfolio Manager with SEBI Registration no. INP000007377, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
