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Fund Overview

Fund Size

Fund Size

₹703 Cr

Expense Ratio

Expense Ratio

0.61%

ISIN

ISIN

INF174V01BE0

Minimum SIP

Minimum SIP

₹1,000

Exit Load

Exit Load

1.00%

Inception Date

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 2 years, 3 months and 21 days, having been launched on 30-Dec-21.
As of 19-Apr-24, it has a Net Asset Value (NAV) of ₹13.54, Assets Under Management (AUM) of 702.76 Crores, and an expense ratio of 0.61%.
  • Mahindra Manulife Balanced Advantage Fund Direct Growth has given a CAGR return of 14.05% since inception.
  • The fund's asset allocation comprises around 60.17% in equities, 18.58% in debts, and 21.25% 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

+32.99%

+23.95%(Cat. Avg.)

Since Inception

+14.05%

--%(Cat. Avg.)

Portfolio Summaryas of 31st March 2024

Equity422.83 Cr60.17%
Debt130.57 Cr18.58%
Others149.36 Cr21.25%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
Net Receivables / (Payables)Cash93.72 Cr13.34%
Reliance Industries LtdEquity35.36 Cr5.03%
7.18% Govt Stock 2033Bond - Gov't/Treasury31.26 Cr4.45%
Coal India LtdEquity30.17 Cr4.29%
NTPC LtdEquity26.36 Cr3.75%
Canara BankEquity24.69 Cr3.51%
National Bank For Agriculture And Rural DevelopmentBond - Corporate Bond24.49 Cr3.49%
Punjab National BankCash - CD/Time Deposit23.78 Cr3.38%
Larsen & Toubro LtdEquity20.7 Cr2.95%
Tata Consultancy Services LtdEquity19.46 Cr2.77%
Bharti Airtel LtdEquity17.81 Cr2.53%
Hindustan Petroleum Corp LtdEquity15.93 Cr2.27%
State Bank of IndiaEquity15.8 Cr2.25%
Future on NTPC LtdEquity - Future-15.21 Cr2.16%
7.38% Govt Stock 2027Bond - Gov't/Treasury15.14 Cr2.15%
HDFC Bank LimitedCash - CD/Time Deposit14.5 Cr2.06%
7.37% Govt Stock 2028Bond - Gov't/Treasury14.17 Cr2.02%
Tata Power Co LtdEquity13.8 Cr1.96%
Tata Motors Ltd Class AEquity12.49 Cr1.78%
HDFC Bank LimitedCash - CD/Time Deposit12.36 Cr1.76%
364 DTB 02052025Bond - Gov't/Treasury12.34 Cr1.76%
Indian Oil Corp LtdEquity11.74 Cr1.67%
Cipla LtdEquity11.23 Cr1.60%
Wipro LtdEquity10.56 Cr1.50%
Future on Coal India LtdEquity - Future-10.11 Cr1.44%
Dr Reddy's Laboratories LtdEquity9.85 Cr1.40%
ACC LtdEquity9.59 Cr1.37%
364 DTB 21112024Bond - Gov't/Treasury9.57 Cr1.36%
Future on Power Grid Corp Of India LtdEquity - Future-9.33 Cr1.33%
Power Grid Corp Of India LtdEquity9.27 Cr1.32%
Bharti Telecom LimitedBond - Corporate Bond9.03 Cr1.28%
United Spirits LtdEquity8.51 Cr1.21%
Icici Bank Limited April 2024 FutureEquity - Future-8.26 Cr1.17%
ICICI Bank LtdEquity8.19 Cr1.17%
EIH LtdEquity7.81 Cr1.11%
Union Bank of IndiaEquity7.68 Cr1.09%
INOX India LtdEquity7.57 Cr1.08%
7.18% Govt Stock 2037Bond - Gov't/Treasury7.56 Cr1.08%
Britannia Industries LtdEquity7.37 Cr1.05%
L.G.Balakrishnan & Bros LtdEquity6.99 Cr0.99%
Biocon LtdEquity6.6 Cr0.94%
IRCON International LtdEquity6.59 Cr0.94%
Power Mech Projects LtdEquity6.51 Cr0.93%
Shriram Finance LtdEquity6.37 Cr0.91%
LTIMindtree LtdEquity6.17 Cr0.88%
HDFC Asset Management Co LtdEquity6.01 Cr0.85%
Dixon Technologies (India) LtdEquity5.98 Cr0.85%
Aditya Vision LtdEquity5.94 Cr0.85%
Jammu & Kashmir Bank LtdEquity5.9 Cr0.84%
K.P.R. Mill LtdEquity5.83 Cr0.83%
CreditAccess Grameen Ltd Ordinary SharesEquity5.77 Cr0.82%
Voltas LtdEquity5.52 Cr0.79%
The South Indian Bank LtdEquity5.11 Cr0.73%
Power Finance Corporation Ltd.Bond - Corporate Bond5.01 Cr0.71%
Power Finance Corporation LimitedBond - Corporate Bond5 Cr0.71%
Punjab National BankEquity4.98 Cr0.71%
Titagarh Rail Systems LtdEquity4.3 Cr0.61%
Max Healthcare Institute Ltd Ordinary SharesEquity4.1 Cr0.58%
Vardhman Textiles LtdEquity3.98 Cr0.57%
Balrampur Chini Mills LtdEquity3.62 Cr0.52%
Titan Co LtdEquity3.19 Cr0.45%
Gujarat State Fertilizers & Chemicals LtdEquity3.19 Cr0.45%
Atul LtdEquity2.87 Cr0.41%
GAIL (India) LtdEquity2.82 Cr0.40%
Jyoti CNC Automation LtdEquity2.75 Cr0.39%
Apar Industries LtdEquity2.58 Cr0.37%
National Bank for Agriculture and Rural Development 7.62%Bond - Gov't Agency Debt2 Cr0.28%
Mphasis LtdEquity0.06 Cr0.01%
Divi's Laboratories LtdEquity0.05 Cr0.01%

Allocation By Market Cap (Equity)

Large Cap Stocks

44.19%

Mid Cap Stocks

11.28%

Small Cap Stocks

9.72%

Allocation By Credit Quality (Debt)

AAA

AA

Other Allocation

Equity Sector

Debt & Others

SectorAmount sortHoldings sort
Energy93.21 Cr13.26%
Financial Services90.49 Cr12.88%
Industrials56.52 Cr8.04%
Utilities52.24 Cr7.43%
Consumer Cyclical46.24 Cr6.58%
Technology42.24 Cr6.01%
Healthcare31.83 Cr4.53%
Consumer Defensive19.49 Cr2.77%
Communication Services17.81 Cr2.53%
Basic Materials15.65 Cr2.23%

Risk & Performance Ratios

Standard Deviation

This fund

--

Cat. avg.

7.46%

Lower the better

Sharpe Ratio

This fund

--

Cat. avg.

0.90

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

1.79

Higher the better

Fund Managers

RP

Rahul Pal

Since December 2021

ML

Manish Lodha

Since December 2021

Fatema Pacha

Fatema Pacha

Since December 2021

Additional Scheme Detailsas of 31st March 2024

ISININF174V01BE0Expense Ratio0.61%Exit Load1.00%Fund Size₹703 CrAge30 Dec 2021Lumpsum Minimum₹1,000Fund StatusOpen Ended Investment CompanyBenchmarkNifty 50 Hybrid Comp Debt 50:50 TR INR

Investment ObjectiveInvestment 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

Withdrawal within 1 year

Flat 15% tax on realised gains (STCG - short term capital gains)

Withdrawal after 1 year

10% tax on realised gains above Rs. 1 lakh per financial year (LTCG - long term capital gains)

Note: Mutual funds are subject to capital gains taxation with surcharge and cess, based on prevailing income tax rules and investor income. Taxation applies 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

Fund nameExpense RatioExit LoadFund size
1Y
Motilal Oswal Balance Advantage Fund Regular Growth

Very High Risk

2.2%1.0%₹1235.60 Cr32.3%
Motilal Oswal Balance Advantage Fund Direct Growth

Very High Risk

1.0%1.0%₹1235.60 Cr33.9%
Quant Dynamic Asset Allocation Fund Direct Growth

Very High Risk

0.7%1.0%₹890.96 Cr60.3%
Quant Dynamic Asset Allocation Fund Regular Growth

Very High Risk

2.2%1.0%₹890.96 Cr57.8%
Bandhan Balanced Advantage Fund Direct Growth

Moderately High risk

0.7%1.0%₹2224.10 Cr21.7%
Bandhan Balanced Advantage Fund Regular Growth

Moderately High risk

1.9%1.0%₹2224.10 Cr20.1%
Mahindra Manulife Balanced Advantage Fund Regular Growth

Very High Risk

2.3%1.0%₹702.76 Cr30.7%
Mahindra Manulife Balanced Advantage Fund Direct Growth

Very High Risk

0.6%1.0%₹702.76 Cr33.0%
Mirae Asset Balanced Advantage Fund Direct Growth

Very High Risk

0.7%1.0%₹1534.21 Cr23.3%
Mirae Asset Balanced Advantage Fund Regular Growth

Very High Risk

2.1%1.0%₹1534.21 Cr21.6%

About the AMC

Total AUM

₹13,270 Cr

Address

570 P. B. Marg, Worli, Mumbai 400018, Mumbai, 400018

Other Funds by Mahindra Manulife Mutual Fund

Fund nameExpense RatioExit LoadFund size
1Y
Mahindra Manulife Business Cycle Fund Direct Growth

Very High Risk

0.5%1.0%₹733.78 Cr-
Mahindra Manulife Large Cap Fund Direct Growth

Very High Risk

0.7%1.0%₹421.60 Cr34.8%
Mahindra Manulife Liquid Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹819.80 Cr7.4%
Mahindra Manulife ELSS Fund Direct Growth

Very High Risk

0.6%0.0%₹817.72 Cr34.5%
Mahindra Manulife Overnight Fund Direct Growth

Low Risk

0.1%0.0%₹74.25 Cr6.8%
Mahindra Manulife Asia Pacific REITs FOF Direct Growth

Very High Risk

0.4%1.0%₹22.73 Cr-15.6%
Mahindra Manulife Equity Savings Fund Direct Growth

Moderately High risk

0.8%1.0%₹464.80 Cr21.4%
Mahindra Manulife Dynamic Bond Fund Direct Growth

Moderate Risk

0.4%0.0%₹64.16 Cr7.0%
Mahindra Manulife Short Duration Fund Direct Growth

Moderate Risk

0.3%0.0%₹47.33 Cr7.4%
Mahindra Manulife Arbitrage Fund Direct Growth

Low Risk

0.4%0.0%₹65.10 Cr7.1%
Mahindra Manulife Aggressive Hybrid Fund Direct Growth

Very High Risk

0.5%1.0%₹1070.68 Cr35.5%
Mahindra Manulife Balanced Advantage Fund Direct Growth

Very High Risk

0.6%1.0%₹702.76 Cr33.0%

Risk Level

Your principal amount will be at Very High Risk

Very High Risk
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The NAV of Mahindra Manulife Balanced Advantage Fund Direct Growth, as of 19-Apr-2024, is ₹13.54.
The fund's allocation of assets is distributed as 60.17% in equities, 18.58% in bonds, and 21.25% in cash and cash equivalents.
The fund managers responsible for Mahindra Manulife Balanced Advantage Fund Direct Growth are:-
  1. Rahul Pal
  2. Manish Lodha
  3. Fatema Pacha