Mahindra Manulife Balanced Advantage Fund Regular Growth

Fund Overview

Fund Size

₹887 Cr

Expense Ratio

1.97%

ISIN

INF174V01BB6

Minimum SIP

₹1,000

Exit Load

1.00%

Inception Date

30 Dec 2021

About this fund

Mahindra Manulife Balanced Advantage Fund Regular Growth is a Dynamic Asset Allocation mutual fund schemes offered by Mahindra Manulife Mutual Fund. This fund has been in existence for 4 years, 4 months and 19 days, having been launched on 30-Dec-21.
As of 18-May-26, it has a Net Asset Value (NAV) of ₹14.29, Assets Under Management (AUM) of 887.00 Crores, and an expense ratio of 1.97%.

Mahindra Manulife Balanced Advantage Fund Regular Growth has given a CAGR return of 8.49% since inception.
The fund's asset allocation comprises around 70.94% in equities, 20.51% in debts, and 8.56% in cash & cash equivalents.
You can start investing in Mahindra Manulife Balanced Advantage Fund Regular 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

+0.44%

+0.66% (Cat Avg.)

3 Years

+11.97%

+10.74% (Cat Avg.)

Since Inception

+8.49%

— (Cat Avg.)

Portfolio Summaryas of 30th April 2026

Equity	₹629.21 Cr	70.94%
Debt	₹181.88 Cr	20.51%
Others	₹75.9 Cr	8.56%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
Triparty Repo	Cash - Repurchase Agreement	₹30.56 Cr	3.45%
ICICI Bank Ltd	Equity	₹28.43 Cr	3.20%
Muthoot Finance Limited	Bond - Corporate Bond	₹25.08 Cr	2.83%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹24.97 Cr	2.82%
Reliance Industries Ltd	Equity	₹23.61 Cr	2.66%
State Bank of India	Equity	₹22.97 Cr	2.59%
HDFC Bank Ltd	Equity	₹22.92 Cr	2.58%
Bharti Airtel Ltd	Equity	₹22.26 Cr	2.51%
6.68% Govt Stock 2040	Bond - Gov't/Treasury	₹19.33 Cr	2.18%
Axis Bank Ltd	Equity	₹19.02 Cr	2.14%
IndusInd Bank Ltd	Equity	₹18.87 Cr	2.13%
Net Receivables / (Payables)	Cash - Collateral	₹17.69 Cr	1.99%
Jindal Steel Ltd	Equity	₹17.1 Cr	1.93%
Indus Towers Ltd Ordinary Shares	Equity	₹16.81 Cr	1.89%
Coal India Ltd	Equity	₹15.21 Cr	1.72%
Eternal Ltd	Equity	₹14.95 Cr	1.68%
UltraTech Cement Ltd	Equity	₹14.6 Cr	1.65%
Apollo Hospitals Enterprise Ltd	Equity	₹14.13 Cr	1.59%
Bajaj Finance Ltd	Equity	₹13.83 Cr	1.56%
Larsen & Toubro Ltd	Equity	₹12.6 Cr	1.42%
Bharat Electronics Ltd	Equity	₹12.42 Cr	1.40%
Tech Mahindra Ltd	Equity	₹12.38 Cr	1.40%
Bharat Heavy Electricals Ltd	Equity	₹12.33 Cr	1.39%
Mahindra & Mahindra Ltd	Equity	₹12.27 Cr	1.38%
Laurus Labs Ltd	Equity	₹12.11 Cr	1.37%
The Federal Bank Ltd	Equity	₹12.05 Cr	1.36%
Glenmark Pharmaceuticals Ltd	Equity	₹12.03 Cr	1.36%
HDFC Bank Limited	Cash - CD/Time Deposit	₹12.03 Cr	1.36%
Fortis Healthcare Ltd	Equity	₹12 Cr	1.35%
Titan Co Ltd	Equity	₹11.62 Cr	1.31%
Infosys Ltd	Equity	₹11 Cr	1.24%
Aditya Vision Ltd	Equity	₹10.84 Cr	1.22%
Bank of Maharashtra	Equity	₹10.48 Cr	1.18%
Bharti Telecom Limited	Bond - Corporate Bond	₹10.17 Cr	1.15%
Oil & Natural Gas Corp Ltd	Equity	₹10.12 Cr	1.14%
Muthoot Finance Limited	Bond - Corporate Bond	₹10.03 Cr	1.13%
Small Industries Development Bank Of India	Bond - Corporate Bond	₹10.03 Cr	1.13%
Small Industries Development Bank Of India	Bond - Corporate Bond	₹10.02 Cr	1.13%
Export Import Bank Of India	Cash - Commercial Paper	₹9.95 Cr	1.12%
Mindspace Business Parks Reit	Bond - Corporate Bond	₹9.8 Cr	1.11%
Senores Pharmaceuticals Ltd	Equity	₹9.62 Cr	1.08%
7.24% Govt Stock 2055	Bond - Gov't/Treasury	₹9.6 Cr	1.08%
6.98% Maharashtra Sgs 2037	Bond - Gov't/Treasury	₹9.44 Cr	1.06%
Power Grid Corp Of India Ltd	Equity	₹9.23 Cr	1.04%
Divi's Laboratories Ltd	Equity	₹9.1 Cr	1.03%
Maruti Suzuki India Ltd	Equity	₹9.05 Cr	1.02%
Indian Bank	Equity	₹8.94 Cr	1.01%
Delhivery Ltd	Equity	₹8.92 Cr	1.01%
IDFC First Bank Ltd	Equity	₹8.71 Cr	0.98%
Aditya Birla Sun Life AMC Ltd	Equity	₹8.12 Cr	0.92%
Multi Commodity Exchange of India Ltd	Equity	₹8.02 Cr	0.90%
Bajaj Auto Ltd	Equity	₹8 Cr	0.90%
Aditya Birla Capital Ltd	Equity	₹7.95 Cr	0.90%
Vishal Mega Mart Ltd	Equity	₹7.78 Cr	0.88%
HDFC Asset Management Co Ltd	Equity	₹7.32 Cr	0.83%
JM Financial Services Limited	Bond - Corporate Bond	₹6.93 Cr	0.78%
L&T Finance Ltd	Equity	₹6.75 Cr	0.76%
SRF Ltd	Equity	₹6.55 Cr	0.74%
Bosch Ltd	Equity	₹6.48 Cr	0.73%
Mahanagar Gas Ltd	Equity	₹6.33 Cr	0.71%
Blackbuck Ltd	Equity	₹6.3 Cr	0.71%
Phoenix Mills Ltd	Equity	₹6.18 Cr	0.70%
Radico Khaitan Ltd	Equity	₹5.82 Cr	0.66%
JSW Energy Ltd	Equity	₹5.5 Cr	0.62%
Cummins India Ltd	Equity	₹5.27 Cr	0.59%
TVS Credit Services Limited	Bond - Corporate Bond	₹5.03 Cr	0.57%
Embassy Office Parks Reit	Bond - Corporate Bond	₹5 Cr	0.56%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹4.99 Cr	0.56%
Small Industries Dev Bank Of India	Cash - Commercial Paper	₹4.97 Cr	0.56%
7.2% Maharashtra Sgs 2036	Bond - Gov't/Treasury	₹4.84 Cr	0.55%
6.48% Govt Stock 2035	Bond - Gov't/Treasury	₹4.81 Cr	0.54%
7.25% Maharashtra Sgs 2037	Bond - Gov't/Treasury	₹4.81 Cr	0.54%
CRISIL Ltd	Equity	₹4.59 Cr	0.52%
ICICI Lombard General Insurance Co Ltd	Equity	₹4.58 Cr	0.52%
Britannia Industries Ltd	Equity	₹4.29 Cr	0.48%
Max Financial Services Ltd	Equity	₹4.2 Cr	0.47%
Torrent Pharmaceuticals Ltd	Equity	₹3.85 Cr	0.43%
Polycab India Ltd	Equity	₹3.65 Cr	0.41%
IIFL Finance Ltd	Equity	₹3.47 Cr	0.39%
Hindustan Aeronautics Ltd Ordinary Shares	Equity	₹3.47 Cr	0.39%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹2.49 Cr	0.28%
Arvind Fashions Ltd	Equity	₹2.21 Cr	0.25%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹2 Cr	0.23%
Power Finance Corporation Limited	Bond - Corporate Bond	₹1.5 Cr	0.17%
LIC Housing Finance Ltd	Bond - Corporate Bond	₹0.99 Cr	0.11%
Margin Placed With Ccil & Arcl	Cash - Collateral	₹0.7 Cr	0.08%

Allocation By Market Cap (Equity)

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Financial Services	₹221.23 Cr	24.94%
Consumer Cyclical	₹83.19 Cr	9.38%
Healthcare	₹72.84 Cr	8.21%
Industrials	₹65.22 Cr	7.35%
Energy	₹48.95 Cr	5.52%
Communication Services	₹39.07 Cr	4.41%
Basic Materials	₹31.7 Cr	3.57%
Technology	₹29.68 Cr	3.35%
Utilities	₹21.06 Cr	2.37%
Consumer Defensive	₹10.11 Cr	1.14%
Real Estate	₹6.18 Cr	0.70%

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 30th April 2026

ISIN

INF174V01BB6

Expense Ratio

1.97%

Exit Load

1.00%

Fund Size

₹887 Cr

Age

4 years 4 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.

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The Wealth Company Balanced Advantage Fund Direct Growth Very High Risk	0.4%	1.0%	₹45.02 Cr	-
The Wealth Company Balanced Advantage Fund Regular Growth Very High Risk	2.3%	1.0%	₹45.02 Cr	-
Groww Multi Asset Allocation Fund Regular Growth Very High Risk	2.3%	1.0%	₹404.00 Cr	-
Groww Multi Asset Allocation Fund Direct Growth Very High Risk	0.5%	1.0%	₹404.00 Cr	-
Unifi Dynamic Asset Allocation Fund Direct Growth Moderately High risk	1.4%	1.0%	₹1180.73 Cr	7.3%
Unifi Dynamic Asset Allocation Fund Regular Growth Moderately High risk	2.0%	1.0%	₹1180.73 Cr	6.7%
Canara Robeco Balanced Advantage Fund Regular Growth Very High Risk	1.9%	1.0%	₹1165.34 Cr	-2.9%
Canara Robeco Balanced Advantage Fund Direct Growth Very High Risk	0.7%	1.0%	₹1165.34 Cr	-1.7%
Helios Balanced Advantage Fund Direct Growth Very High Risk	1.0%	0.0%	₹304.82 Cr	3.8%
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Parag Parikh Dynamic Asset Allocation Fund Regular Growth Moderately High risk	0.6%	1.0%	₹2709.31 Cr	2.3%
Parag Parikh Dynamic Asset Allocation Fund Direct Growth Moderately High risk	0.3%	1.0%	₹2709.31 Cr	2.6%
Samco Dynamic Asset Allocation Fund Direct Growth Very High Risk	0.9%	1.0%	₹198.99 Cr	-0.5%
Samco Dynamic Asset Allocation Fund Regular Growth Very High Risk	2.4%	1.0%	₹198.99 Cr	-1.9%
Bajaj Finserv Balanced Advantage Fund Direct Growth Very High Risk	0.5%	1.0%	₹1228.80 Cr	1.1%
Bajaj Finserv Balanced Advantage Fund Regular Growth Very High Risk	1.8%	1.0%	₹1228.80 Cr	-0.4%
HSBC Balanced Advantage Fund Direct Growth Moderately High risk	0.8%	1.0%	₹1505.78 Cr	1.2%
HDFC Balanced Advantage Fund Direct Growth Very High Risk	0.7%	1.0%	₹105377.65 Cr	-1.2%
HDFC Balanced Advantage Fund Regular Growth Very High Risk	1.3%	1.0%	₹105377.65 Cr	-1.8%
Edelweiss Balanced Advantage Fund Regular Growth Very High Risk	2.1%	1.0%	₹12906.31 Cr	1.6%
Sundaram Balanced Advantage Fund Direct Growth High Risk	0.7%	1.0%	₹1658.39 Cr	-0.7%
Aditya Birla Sun Life Balanced Advantage Fund Direct Growth Moderately High risk	0.6%	0.0%	₹9182.39 Cr	3.6%
Nippon India Balanced Advantage Fund Direct Growth Very High Risk	0.6%	1.0%	₹9620.30 Cr	2.1%
Invesco India Balanced Advantage Fund Direct Growth Moderately High risk	0.8%	0.0%	₹1024.28 Cr	-2.4%
Tata Balanced Advantage Fund Regular Growth Very High Risk	1.7%	0.0%	₹9128.04 Cr	0.9%
Tata Balanced Advantage Fund Direct Growth Very High Risk	0.5%	0.0%	₹9128.04 Cr	2.2%
DSP Dynamic Asset Allocation Fund Regular Growth Moderately High risk	1.9%	1.0%	₹3661.26 Cr	2.5%
DSP Dynamic Asset Allocation Fund Direct Growth Moderately High risk	0.7%	1.0%	₹3661.26 Cr	3.7%
HSBC Balanced Advantage Fund Regular Growth Moderately High risk	2.1%	1.0%	₹1505.78 Cr	-0.1%
LIC MF Balanced Advantage Fund Regular Growth Very High Risk	2.3%	1.0%	₹681.03 Cr	-5.0%
LIC MF Balanced Advantage Fund Direct Growth Very High Risk	0.9%	1.0%	₹681.03 Cr	-3.6%
ICICI Prudential Balanced Advantage Fund Regular Growth High Risk	1.1%	1.0%	₹70551.44 Cr	2.9%
ITI Balanced Advantage Fund Regular Growth Moderate Risk	2.4%	0.0%	₹351.17 Cr	-2.4%
ITI Balanced Advantage Fund Direct Growth Moderate Risk	0.7%	0.0%	₹351.17 Cr	-0.7%
Invesco India Balanced Advantage Fund Regular Growth Moderately High risk	2.1%	0.0%	₹1024.28 Cr	-3.6%
Sundaram Balanced Advantage Fund Regular Growth High Risk	2.1%	1.0%	₹1658.39 Cr	-2.1%
Union Balanced Advantage Fund Regular Growth Very High Risk	2.2%	1.0%	₹1241.37 Cr	-0.8%
Union Balanced Advantage Fund Direct Growth Very High Risk	1.1%	1.0%	₹1241.37 Cr	0.4%
Edelweiss Balanced Advantage Fund Direct Growth Very High Risk	1.0%	1.0%	₹12906.31 Cr	2.8%
Bank of India Balanced Advantage Fund Regular Growth Very High Risk	2.1%	1.0%	₹152.71 Cr	4.1%
Bank of India Balanced Advantage Fund Direct Growth Very High Risk	1.1%	1.0%	₹152.71 Cr	5.4%
Kotak Balanced Advantage Fund Regular Growth Very High Risk	1.7%	1.0%	₹17183.82 Cr	-0.7%
Kotak Balanced Advantage Fund Direct Growth Very High Risk	0.6%	1.0%	₹17183.82 Cr	0.4%
PGIM India Balanced Advantage Fund Regular Growth Moderately High risk	2.3%	0.0%	₹829.61 Cr	-3.4%
PGIM India Balanced Advantage Fund Direct Growth Moderately High risk	0.6%	0.0%	₹829.61 Cr	-1.7%
Axis Balanced Advantage Fund Regular Growth Moderately High risk	1.9%	1.0%	₹3557.60 Cr	-0.4%
Axis Balanced Advantage Fund Direct Growth Moderately High risk	0.6%	1.0%	₹3557.60 Cr	0.9%
ICICI Prudential Balanced Advantage Fund Direct Growth High Risk	0.7%	1.0%	₹70551.44 Cr	3.4%
Baroda BNP Paribas Balanced Advantage Fund Direct Growth Very High Risk	0.6%	1.0%	₹4755.77 Cr	6.3%
Baroda BNP Paribas Balanced Advantage Fund Regular Growth Very High Risk	1.6%	1.0%	₹4755.77 Cr	5.1%

About the AMC

Mahindra Manulife Mutual Fund

022-66327900

https://www.mahindramanulife.com/

Total AUM

₹30,933 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	0.5%	0.0%	₹181.38 Cr	-
Mahindra Manulife Income Plus Arbitrage Active FOF Direct Growth Moderate Risk	0.1%	0.0%	₹18.60 Cr	-
Mahindra Manulife Banking & Financial Services Fund Direct Growth Very High Risk	0.6%	0.0%	₹427.20 Cr	-
Mahindra Manulife Value Fund Direct Growth Very High Risk	0.5%	0.0%	₹777.07 Cr	8.3%
Mahindra Manulife Manufacturing Fund Direct Growth Very High Risk	0.7%	0.0%	₹674.97 Cr	6.8%
Mahindra Manulife Multi Asset Allocation Fund Direct Growth Very High Risk	0.3%	0.0%	₹1097.58 Cr	16.4%
Mahindra Manulife Business Cycle Fund Direct Growth Very High Risk	0.5%	1.0%	₹1306.40 Cr	6.1%
Mahindra Manulife Large Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹700.93 Cr	-5.1%
Mahindra Manulife Liquid Fund Direct Growth Moderate Risk	0.1%	0.0%	₹1058.91 Cr	6.3%
Mahindra Manulife Large & Mid Cap Fund Direct Growth Very High Risk	0.4%	1.0%	₹2688.13 Cr	1.6%
Mahindra Manulife ELSS Fund Direct Growth Very High Risk	0.6%	0.0%	₹888.52 Cr	-4.5%
Mahindra Manulife Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹128.06 Cr	5.4%
Mahindra Manulife Small Cap Fund Direct Growth Very High Risk	0.4%	1.0%	₹4461.52 Cr	7.2%
Mahindra Manulife Flexi Cap Fund Direct Growth Very High Risk	0.4%	1.0%	₹1541.97 Cr	-2.6%
Mahindra Manulife Consumption Fund Direct Growth Very High Risk	0.6%	1.0%	₹503.73 Cr	-4.2%
Mahindra Manulife Focused Fund Direct Growth Very High Risk	0.4%	1.0%	₹2207.79 Cr	1.5%
Mahindra Manulife Asia Pacific REITs FOF Direct Growth Very High Risk	0.4%	1.0%	₹42.21 Cr	26.2%
Mahindra Manulife Equity Savings Fund Direct Growth Moderately High risk	0.7%	1.0%	₹531.15 Cr	5.2%
Mahindra Manulife Multi Cap Fund Direct Growth Very High Risk	0.4%	1.0%	₹6438.60 Cr	6.7%
Mahindra Manulife Dynamic Bond Fund Direct Growth Moderate Risk	0.3%	0.0%	₹52.23 Cr	2.7%
Mahindra Manulife Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹211.95 Cr	6.4%
Mahindra Manulife Short Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹85.96 Cr	5.0%
Mahindra Manulife Mid Cap Fund Direct Growth Very High Risk	0.4%	1.0%	₹4687.67 Cr	8.3%
Mahindra Manulife Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹112.27 Cr	6.2%
Mahindra Manulife Low Duration Fund Direct Growth Moderate Risk	0.3%	0.0%	₹560.97 Cr	6.1%
Mahindra Manulife Aggressive Hybrid Fund Direct Growth Very High Risk	0.4%	1.0%	₹2264.29 Cr	-1.4%
Mahindra Manulife Balanced Advantage Fund Direct Growth Very High Risk	0.6%	1.0%	₹887.00 Cr	2.1%

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 Regular Growth?

The NAV of Mahindra Manulife Balanced Advantage Fund Regular Growth, as of 18-May-2026, is ₹14.29.

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

The fund has generated 0.44% over the last 1 year and 11.97% 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 Regular Growth?

The fund's allocation of assets is distributed as 70.94% in equities, 20.51% in bonds, and 8.56% in cash and cash equivalents.

Who manages the Mahindra Manulife Balanced Advantage Fund Regular Growth?

The fund managers responsible for Mahindra Manulife Balanced Advantage Fund Regular 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 Regular Growth

Fund Overview