Mahindra Manulife Balanced Advantage Fund Direct Growth

Fund Overview

Fund Size

₹923 Cr

Expense Ratio

0.88%

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, 8 months and 22 days, having been launched on 30-Dec-21.
As of 18-Sep-26, it has a Net Asset Value (NAV) of ₹16.10, Assets Under Management (AUM) of 922.99 Crores, and an expense ratio of 0.88%.

Mahindra Manulife Balanced Advantage Fund Direct Growth has given a CAGR return of 10.62% since inception.
The fund's asset allocation comprises around 71.87% in equities, 21.83% in debts, and 6.30% 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

+3.28%

+0.02% (Cat Avg.)

3 Years

+10.94%

+8.22% (Cat Avg.)

Since Inception

+10.62%

— (Cat Avg.)

Portfolio Summaryas of 31st August 2026

Equity	₹663.37 Cr	71.87%
Debt	₹201.51 Cr	21.83%
Others	₹58.12 Cr	6.30%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
ICICI Bank Ltd	Equity	₹37.44 Cr	4.06%
Triparty Repo	Cash - Repurchase Agreement	₹31.9 Cr	3.46%
Muthoot Finance Limited	Bond - Corporate Bond	₹24.93 Cr	2.70%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹24.83 Cr	2.69%
Bharti Airtel Ltd	Equity	₹21.38 Cr	2.32%
Reliance Industries Ltd	Equity	₹21.07 Cr	2.28%
IndusInd Bank Ltd	Equity	₹20.94 Cr	2.27%
HDFC Bank Ltd	Equity	₹20.65 Cr	2.24%
7.71% Govt Stock 2066	Bond - Gov't/Treasury	₹20.18 Cr	2.19%
Eternal Ltd	Equity	₹19.85 Cr	2.15%
Axis Bank Ltd	Equity	₹19.5 Cr	2.11%
Brookfield India Real Estate Trust	Equity - REIT	₹19.35 Cr	2.10%
Laurus Labs Ltd	Equity	₹17.86 Cr	1.93%
Jindal Steel Ltd	Equity	₹16.68 Cr	1.81%
Apollo Hospitals Enterprise Ltd	Equity	₹16.46 Cr	1.78%
Godrej Properties Limited	Bond - Corporate Bond	₹15.05 Cr	1.63%
The Federal Bank Ltd	Equity	₹14.98 Cr	1.62%
Power Finance Corporation Limited	Bond - Corporate Bond	₹14.51 Cr	1.57%
State Bank of India	Equity	₹13.94 Cr	1.51%
Bajaj Finance Ltd	Equity	₹13.69 Cr	1.48%
Tech Mahindra Ltd	Equity	₹13.68 Cr	1.48%
Titan Co Ltd	Equity	₹13.52 Cr	1.46%
Mahindra & Mahindra Ltd	Equity	₹13 Cr	1.41%
Senores Pharmaceuticals Ltd	Equity	₹12.9 Cr	1.40%
Larsen & Toubro Ltd	Equity	₹12.7 Cr	1.38%
Aditya Vision Ltd	Equity	₹12.41 Cr	1.34%
Bharat Heavy Electricals Ltd	Equity	₹12.31 Cr	1.33%
Bharat Electronics Ltd	Equity	₹11.94 Cr	1.29%
Glenmark Pharmaceuticals Ltd	Equity	₹11.92 Cr	1.29%
Fortis Healthcare Ltd	Equity	₹11.79 Cr	1.28%
Multi Commodity Exchange of India Ltd	Equity	₹11.36 Cr	1.23%
Bank of Maharashtra	Equity	₹10.97 Cr	1.19%
Divi's Laboratories Ltd	Equity	₹10.7 Cr	1.16%
Oil & Natural Gas Corp Ltd	Equity	₹10.69 Cr	1.16%
Net Receivables / (Payables)	Cash - Collateral	₹10.18 Cr	1.10%
Bharti Telecom Limited	Bond - Corporate Bond	₹10.1 Cr	1.09%
LIC Housing Finance Ltd	Bond - Corporate Bond	₹10.01 Cr	1.08%
Muthoot Finance Limited	Bond - Corporate Bond	₹9.97 Cr	1.08%
Muthoot Finance Limited	Bond - Corporate Bond	₹9.94 Cr	1.08%
Mindspace Business Parks Reit	Bond - Corporate Bond	₹9.85 Cr	1.07%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹9.84 Cr	1.07%
7.24% Govt Stock 2055	Bond - Gov't/Treasury	₹9.63 Cr	1.04%
6.98% Maharashtra Sgs 2037	Bond - Gov't/Treasury	₹9.53 Cr	1.03%
Indian Bank	Equity	₹9.44 Cr	1.02%
Aditya Birla Capital Ltd	Equity	₹9.42 Cr	1.02%
Coforge Ltd	Equity	₹9.23 Cr	1.00%
Torrent Pharmaceuticals Ltd	Equity	₹9.21 Cr	1.00%
Maruti Suzuki India Ltd	Equity	₹9.21 Cr	1.00%
Bosch Ltd	Equity	₹9 Cr	0.98%
Infosys Ltd	Equity	₹8.85 Cr	0.96%
Delhivery Ltd	Equity	₹8.71 Cr	0.94%
UltraTech Cement Ltd	Equity	₹8.7 Cr	0.94%
Coal India Ltd	Equity	₹8.48 Cr	0.92%
Aditya Birla Sun Life AMC Ltd	Equity	₹8.41 Cr	0.91%
Bajaj Auto Ltd	Equity	₹8.41 Cr	0.91%
Polycab India Ltd	Equity	₹8.22 Cr	0.89%
IDFC First Bank Ltd	Equity	₹8 Cr	0.87%
L&T Finance Ltd	Equity	₹7.74 Cr	0.84%
Radico Khaitan Ltd	Equity	₹7.62 Cr	0.83%
Vishal Mega Mart Ltd	Equity	₹7.04 Cr	0.76%
JM Financial Services Limited	Bond - Corporate Bond	₹6.96 Cr	0.75%
Hindustan Aeronautics Ltd Ordinary Shares	Equity	₹6.96 Cr	0.75%
Blackbuck Ltd	Equity	₹6.83 Cr	0.74%
Phoenix Mills Ltd	Equity	₹6.65 Cr	0.72%
Indus Towers Ltd Ordinary Shares	Equity	₹6.45 Cr	0.70%
Marico Ltd	Equity	₹6.15 Cr	0.67%
HDFC Asset Management Co Ltd	Equity	₹5.24 Cr	0.57%
Acutaas Chemicals Ltd	Equity	₹5.21 Cr	0.56%
Cummins India Ltd	Equity	₹5.11 Cr	0.55%
JSW Energy Ltd	Equity	₹5.1 Cr	0.55%
TVS Credit Services Limited	Bond - Corporate Bond	₹5.02 Cr	0.54%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹4.99 Cr	0.54%
Embassy Office Parks Reit	Bond - Corporate Bond	₹4.98 Cr	0.54%
IIFL Finance Ltd	Equity	₹4.89 Cr	0.53%
7.25% Maharashtra Sgs 2037	Bond - Gov't/Treasury	₹4.86 Cr	0.53%
7.2% Maharashtra Sgs 2036	Bond - Gov't/Treasury	₹4.85 Cr	0.53%
DLF Ltd	Equity	₹4.7 Cr	0.51%
Mahanagar Gas Ltd	Equity	₹4.29 Cr	0.47%
Max Financial Services Ltd	Equity	₹4.17 Cr	0.45%
360 One Prime Limited	Bond - Corporate Bond	₹3 Cr	0.33%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹2.49 Cr	0.27%
Arvind Fashions Ltd	Equity	₹2.25 Cr	0.24%
LIC Housing Finance Ltd	Bond - Corporate Bond	₹1 Cr	0.11%
Margin Placed With Ccil & Arcl	Cash - Repurchase Agreement	₹0.52 Cr	0.06%
6.68% Govt Stock 2040	Bond - Gov't/Treasury	₹0.48 Cr	0.05%

Allocation By Market Cap (Equity)

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Financial Services	₹220.78 Cr	23.92%
Consumer Cyclical	₹94.69 Cr	10.26%
Healthcare	₹90.84 Cr	9.84%
Industrials	₹65.94 Cr	7.14%
Energy	₹40.23 Cr	4.36%
Technology	₹38.59 Cr	4.18%
Basic Materials	₹30.59 Cr	3.31%
Communication Services	₹27.83 Cr	3.02%
Consumer Defensive	₹13.77 Cr	1.49%
Real Estate	₹11.35 Cr	1.23%
Utilities	₹9.39 Cr	1.02%

Risk & Performance Ratios

Fund Managers

Rahul Pal

Since December 2021

Amit Garg

Since January 2026

Fatema Pacha

Since December 2021

Neelesh Dhamnaskar

Since February 2026

Additional Scheme Detailsas of 31st August 2026

ISIN

INF174V01BE0

Expense Ratio

0.88%

Exit Load

1.00%

Fund Size

₹923 Cr

Age

4 years 8 months

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

Fund name	Expense Ratio	Exit Load	Fund size	1Y
The Wealth Company Balanced Advantage Fund Direct Growth Very High Risk	1.3%	1.0%	₹47.77 Cr	-
The Wealth Company Balanced Advantage Fund Regular Growth Very High Risk	3.4%	1.0%	₹47.77 Cr	-
Groww Multi Asset Allocation Fund Regular Growth Very High Risk	2.7%	1.0%	₹389.91 Cr	-
Groww Multi Asset Allocation Fund Direct Growth Very High Risk	0.9%	1.0%	₹389.91 Cr	-
Unifi Dynamic Asset Allocation Fund Direct Growth Moderately High risk	1.4%	1.0%	₹1426.76 Cr	8.7%
Unifi Dynamic Asset Allocation Fund Regular Growth Moderately High risk	2.0%	1.0%	₹1426.76 Cr	8.0%
Canara Robeco Balanced Advantage Fund Regular Growth Very High Risk	1.9%	1.0%	₹1079.26 Cr	-2.5%
Canara Robeco Balanced Advantage Fund Direct Growth Very High Risk	0.7%	1.0%	₹1079.26 Cr	-1.1%
Helios Balanced Advantage Fund Direct Growth Very High Risk	1.3%	0.0%	₹288.35 Cr	2.7%
Helios Balanced Advantage Fund Regular Growth Very High Risk	2.9%	0.0%	₹288.35 Cr	1.1%
Parag Parikh Dynamic Asset Allocation Fund Regular Growth Moderately High risk	0.8%	1.0%	₹2574.82 Cr	3.3%
Parag Parikh Dynamic Asset Allocation Fund Direct Growth Moderately High risk	0.4%	1.0%	₹2574.82 Cr	3.6%
Samco Dynamic Asset Allocation Fund Direct Growth Very High Risk	2.0%	1.0%	₹167.99 Cr	-1.8%
Samco Dynamic Asset Allocation Fund Regular Growth Very High Risk	3.5%	1.0%	₹167.99 Cr	-3.2%
Bajaj Finserv Balanced Advantage Fund Direct Growth Very High Risk	1.1%	1.0%	₹1276.19 Cr	2.9%
Bajaj Finserv Balanced Advantage Fund Regular Growth Very High Risk	2.6%	1.0%	₹1276.19 Cr	1.3%
HSBC Balanced Advantage Fund Direct Growth Very High Risk	1.2%	1.0%	₹1522.18 Cr	1.6%
HDFC Balanced Advantage Fund Direct Growth Very High Risk	0.8%	1.0%	₹107295.79 Cr	-1.0%
HDFC Balanced Advantage Fund Regular Growth Very High Risk	1.3%	1.0%	₹107295.79 Cr	-1.6%
Edelweiss Balanced Advantage Fund Regular Growth Very High Risk	2.1%	1.0%	₹13445.00 Cr	2.7%
Sundaram Balanced Advantage Fund Direct Growth High Risk	0.6%	1.0%	₹1685.79 Cr	0.1%
Aditya Birla Sun Life Balanced Advantage Fund Direct Growth Moderately High risk	0.6%	0.0%	₹10125.45 Cr	5.7%
Nippon India Balanced Advantage Fund Direct Growth Very High Risk	0.8%	1.0%	₹9917.51 Cr	2.2%
Invesco India Balanced Advantage Fund Direct Growth Moderately High risk	0.7%	0.0%	₹937.48 Cr	-3.6%
Tata Balanced Advantage Fund Regular Growth Very High Risk	1.9%	0.0%	₹8538.57 Cr	0.3%
Tata Balanced Advantage Fund Direct Growth Very High Risk	0.7%	0.0%	₹8538.57 Cr	1.6%
DSP Dynamic Asset Allocation Fund Regular Growth Very High Risk	2.4%	1.0%	₹3821.11 Cr	2.3%
DSP Dynamic Asset Allocation Fund Direct Growth Very High Risk	1.1%	1.0%	₹3821.11 Cr	3.6%
HSBC Balanced Advantage Fund Regular Growth Very High Risk	2.5%	1.0%	₹1522.18 Cr	0.3%
LIC MF Balanced Advantage Fund Regular Growth Very High Risk	3.0%	1.0%	₹695.74 Cr	-0.6%
LIC MF Balanced Advantage Fund Direct Growth Very High Risk	1.6%	1.0%	₹695.74 Cr	0.8%
ICICI Prudential Balanced Advantage Fund Regular Growth High Risk	1.6%	1.0%	₹75399.17 Cr	2.8%
ITI Balanced Advantage Fund Regular Growth Very High Risk	3.3%	0.0%	₹348.34 Cr	-2.1%
ITI Balanced Advantage Fund Direct Growth Very High Risk	1.6%	0.0%	₹348.34 Cr	-0.4%
Invesco India Balanced Advantage Fund Regular Growth Moderately High risk	1.8%	0.0%	₹937.48 Cr	-4.8%
Sundaram Balanced Advantage Fund Regular Growth High Risk	1.8%	1.0%	₹1685.79 Cr	-1.3%
Union Balanced Advantage Fund Regular Growth Very High Risk	1.9%	1.0%	₹1240.12 Cr	-0.7%
Union Balanced Advantage Fund Direct Growth Very High Risk	0.9%	1.0%	₹1240.12 Cr	0.5%
Edelweiss Balanced Advantage Fund Direct Growth Very High Risk	1.0%	1.0%	₹13445.00 Cr	3.9%
Bank of India Balanced Advantage Fund Regular Growth Very High Risk	2.1%	1.0%	₹175.65 Cr	2.3%
Bank of India Balanced Advantage Fund Direct Growth Very High Risk	1.1%	1.0%	₹175.65 Cr	3.5%
Kotak Balanced Advantage Fund Regular Growth Very High Risk	1.9%	1.0%	₹17373.40 Cr	0.5%
Kotak Balanced Advantage Fund Direct Growth Very High Risk	0.8%	1.0%	₹17373.40 Cr	1.6%
PGIM India Balanced Advantage Fund Regular Growth Moderately High risk	2.5%	0.0%	₹738.64 Cr	-4.9%
PGIM India Balanced Advantage Fund Direct Growth Moderately High risk	0.9%	0.0%	₹738.64 Cr	-3.3%
Axis Balanced Advantage Fund Regular Growth Moderately High risk	2.1%	1.0%	₹3835.99 Cr	0.2%
Axis Balanced Advantage Fund Direct Growth Moderately High risk	1.1%	1.0%	₹3835.99 Cr	1.4%
ICICI Prudential Balanced Advantage Fund Direct Growth High Risk	1.1%	1.0%	₹75399.17 Cr	3.4%
Baroda BNP Paribas Balanced Advantage Fund Direct Growth Very High Risk	0.7%	1.0%	₹5342.81 Cr	4.9%
Baroda BNP Paribas Balanced Advantage Fund Regular Growth Very High Risk	1.9%	1.0%	₹5342.81 Cr	3.7%

About the AMC

Mahindra Manulife Mutual Fund

022-66327900

https://www.mahindramanulife.com/

Total AUM

₹37,731 Cr

Address

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

Other Funds by Mahindra Manulife Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Mahindra Manulife Innovation Opportunities Fund Direct Growth Very High Risk	0.9%	0.0%	₹262.96 Cr	-
Mahindra Manulife Income Plus Arbitrage Active FOF Direct Growth Moderate Risk	0.2%	0.0%	₹12.78 Cr	-
Mahindra Manulife Banking & Financial Services Fund Direct Growth Very High Risk	1.2%	0.0%	₹477.42 Cr	8.4%
Mahindra Manulife Value Fund Direct Growth Very High Risk	1.1%	0.0%	₹1028.62 Cr	9.3%
Mahindra Manulife Manufacturing Fund Direct Growth Very High Risk	1.2%	0.0%	₹684.43 Cr	8.5%
Mahindra Manulife Multi Asset Allocation Fund Direct Growth Very High Risk	0.6%	0.0%	₹1234.81 Cr	12.7%
Mahindra Manulife Business Cycle Fund Direct Growth Very High Risk	0.9%	1.0%	₹1364.42 Cr	5.8%
Mahindra Manulife Large Cap Fund Direct Growth Very High Risk	1.1%	1.0%	₹695.06 Cr	-6.3%
Mahindra Manulife Liquid Fund Direct Growth Moderate Risk	0.1%	0.0%	₹1392.28 Cr	6.5%
Mahindra Manulife Large & Mid Cap Fund Direct Growth Very High Risk	0.9%	1.0%	₹2929.22 Cr	4.0%
Mahindra Manulife ELSS Fund Direct Growth Very High Risk	1.2%	0.0%	₹894.74 Cr	-6.6%
Mahindra Manulife Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹76.89 Cr	5.3%
Mahindra Manulife Small Cap Fund Direct Growth Very High Risk	0.9%	1.0%	₹5467.66 Cr	16.1%
Mahindra Manulife Flexi Cap Fund Direct Growth Very High Risk	1.1%	1.0%	₹1589.55 Cr	-3.5%
Mahindra Manulife Consumption Fund Direct Growth Very High Risk	1.1%	1.0%	₹489.39 Cr	-7.0%
Mahindra Manulife Focused Fund Direct Growth Very High Risk	0.8%	1.0%	₹2108.86 Cr	-1.7%
Mahindra Manulife Asia Pacific REITs FOF Direct Growth Very High Risk	0.5%	1.0%	₹41.50 Cr	4.1%
Mahindra Manulife Equity Savings Fund Direct Growth Moderately High risk	1.3%	1.0%	₹530.31 Cr	5.3%
Mahindra Manulife Multi Cap Fund Direct Growth Very High Risk	0.9%	1.0%	₹7662.34 Cr	11.8%
Mahindra Manulife Dynamic Bond Fund Direct Growth Moderately High risk	0.4%	0.0%	₹49.18 Cr	5.1%
Mahindra Manulife Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹221.94 Cr	6.7%
Mahindra Manulife Short Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹81.27 Cr	5.9%
Mahindra Manulife Mid Cap Fund Direct Growth Very High Risk	0.8%	1.0%	₹5406.37 Cr	9.0%
Mahindra Manulife Arbitrage Fund Direct Growth Low Risk	1.2%	0.0%	₹134.02 Cr	6.5%
Mahindra Manulife Low Duration Fund Direct Growth Moderate Risk	0.3%	0.0%	₹534.58 Cr	6.5%
Mahindra Manulife Aggressive Hybrid Fund Direct Growth Very High Risk	1.0%	1.0%	₹2790.82 Cr	-3.3%
Mahindra Manulife Balanced Advantage Fund Direct Growth Very High Risk	0.9%	1.0%	₹922.99 Cr	3.3%

Risk Level

Your principal amount will be at Very High Risk

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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 18-Sep-2026, is ₹16.10.

What are the returns of Mahindra Manulife Balanced Advantage Fund Direct Growth?

The fund has generated 3.28% over the last 1 year and 10.94% 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 71.87% in equities, 21.83% in bonds, and 6.30% 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
Neelesh Dhamnaskar

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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Mahindra Manulife Balanced Advantage Fund Direct Growth

Fund Overview