Mahindra Manulife Balanced Advantage Fund
Dynamic Asset AllocationVery HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹15.21+0.31%1 day
- Return since launch
- 9.0%
- 52-week range
- ₹13.39 — ₹15.17
- AUM
- ₹879 Cr
Mahindra Manulife Balanced Advantage Fund is a Dynamic Asset Allocation hybrid fund from Mahindra Manulife Mutual Fund with ₹879 Cr under management, launched in 2021. Over three years it has returned 6.2% a year, against 9.3% for its category. The expense ratio is 2.40% and the SEBI riskometer reading is Very High.
Performance
Mahindra Manulife Balanced Advantage Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +3.4% against +2.1% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 8.6% | +6.6 pts | 2.1% | 6.1% |
| 2Y | 6.2% | +1.5 pts | 4.7% | 4.8% |
| 3Y | 6.2% | −3.1 pts | 9.3% | 5.3% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 6.4% | +1.1 pts | 5.3% | 5.3% |
| 3M | 0.9% | +0.6 pts | 0.3% | 0.5% |
| 6M | 5.7% | +1.5 pts | 4.2% | 4.3% |
| 1Y | 3.4% | +1.4 pts | 2.1% | 2.4% |
| 2Y | 4.1% | +0.6 pts | 3.5% | 3.8% |
| 3Y | 10.4% | +1.1 pts | 9.3% | 8.9% |
Since launch (9 Dec 2021): 9.0%
Calendar-year returns
Category average19.9%
14.0%
4.1%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 4.1% | −2.5 pts | 6.7% |
| 2024 | 14.0% | −0.2 pts | 14.2% |
| 2023 | 19.9% | 0.0 pts | 20.0% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
2.38%
Expense ratio as on 6 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.95%
- Brokerage
- 0.04%
- Transaction charges
- 0.00%
- Statutory levies
- 0.39%
- Exit load
- Exit load for units in excess of 10% of the investment 1% will be charged for redemption within 3 months.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY 50 Hybrid Composite Debt 50:50 Index
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Very High
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | — | — | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | — | 1.25 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.36 | 0.48 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.46 | 0.63 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 10.44 | 10.86 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Mahindra Manulife Balanced Advantage Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Equity67.8%
- Debt24.5%
- Other7.7%
Market cap split
- Large62.5%
- Mid27.5%
- Small9.9%
- P/E
- 25.06
- P/B
- 3.12
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 5.53% | ₹48.64 Cr | +0.24% | +11.67% | +18.60% |
| ICICI Bank Ltd. | Financial | 3.87% | ₹34.03 Cr | +3.92% | +3.26% | +2.51% |
| GOI | Sovereign | 3.41% | ₹29.99 Cr | +1.10% | +1.13% | +0.99% |
| National Bank For Agriculture & Rural Development | Financial | 3.10% | ₹27.25 Cr | +1.12% | +1.20% | +4.48% |
| Bharti Airtel Ltd. | Communication | 2.36% | ₹20.73 Cr | +2.42% | +1.97% | -1.08% |
| HDFC Bank Ltd. | Financial | 2.35% | ₹20.64 Cr | +2.57% | +2.61% | +2.31% |
| Reliance Industries Ltd. | Energy | 2.23% | ₹19.59 Cr | +2.36% | +2.66% | +2.54% |
| Eternal Ltd. | Services | 2.20% | ₹19.36 Cr | +1.77% | +0.99% | — |
| Brookfield India Real Estate Trust REIT | Construction | 2.17% | ₹19.03 Cr | +2.07% | — | — |
| Indusind Bank Ltd. | Financial | 2.11% | ₹18.57 Cr | +2.11% | +1.86% | +1.66% |
| Axis Bank Ltd. | Financial | 2.09% | ₹18.39 Cr | +2.23% | +2.09% | +1.86% |
| Jindal Steel Ltd. | Metals & Mining | 1.81% | ₹15.87 Cr | +1.64% | — | — |
| Apollo Hospitals Enterprise Ltd. | Healthcare | 1.72% | ₹15.11 Cr | +1.78% | +1.65% | +1.01% |
| Godrej Properties Ltd. | Construction | 1.71% | ₹15.04 Cr | — | — | +0.76% |
| Laurus Labs Ltd. | Healthcare | 1.71% | ₹15.00 Cr | +1.85% | +1.31% | +1.40% |
| The Federal Bank Ltd. | Financial | 1.52% | ₹13.33 Cr | +1.53% | +1.31% | -0.99% |
| Tech Mahindra Ltd. | Technology | 1.46% | ₹12.80 Cr | +1.31% | +1.40% | — |
| State Bank of India | Financial | 1.44% | ₹12.62 Cr | +1.49% | +2.53% | +2.06% |
| Senores Pharmaceuticals Ltd. | Healthcare | 1.42% | ₹12.47 Cr | +1.32% | +0.98% | +0.81% |
| Bajaj Finance Ltd. | Financial | 1.41% | ₹12.43 Cr | +1.11% | +2.12% | -1.24% |
| Aditya Vision Ltd. | Services | 1.40% | ₹12.28 Cr | +1.50% | +1.19% | +1.22% |
| Titan Company Ltd. | Consumer Discretionary | 1.38% | ₹12.16 Cr | +1.29% | +1.26% | — |
| Larsen & Toubro Ltd. | Construction | 1.34% | ₹11.81 Cr | +1.44% | +1.32% | — |
| Mahindra & Mahindra Ltd. | Automobile | 1.33% | ₹11.68 Cr | +1.34% | +1.40% | +0.98% |
| Bharat Heavy Electricals Ltd. | Capital Goods | 1.31% | ₹11.55 Cr | +1.60% | +1.03% | +0.91% |
| Glenmark Pharmaceuticals Ltd. | Healthcare | 1.28% | ₹11.22 Cr | +1.17% | +1.54% | +1.71% |
| Bharat Electronics Ltd. | Capital Goods | 1.27% | ₹11.18 Cr | +1.31% | +1.14% | +1.05% |
| Multi Commodity Exchange Of India Ltd. | Services | 1.25% | ₹11.02 Cr | +0.85% | +0.77% | — |
| Bank of Maharashtra | Financial | 1.21% | ₹10.61 Cr | +1.35% | +0.98% | — |
| Divi's Laboratories Ltd. | Healthcare | 1.19% | ₹10.50 Cr | +0.82% | +1.25% | +2.18% |
| Oil And Natural Gas Corporation Ltd. | Energy | 1.18% | ₹10.41 Cr | +1.20% | +0.81% | — |
| Bharti Telecom Ltd. | Communication | 1.15% | ₹10.07 Cr | +1.12% | +1.22% | +1.13% |
| Fortis Healthcare Ltd. | Healthcare | 1.14% | ₹10.01 Cr | +1.38% | +1.24% | +0.85% |
| Power Finance Corporation Ltd. | Financial | 1.14% | ₹10.00 Cr | +0.17% | — | +0.99% |
| LIC Housing Finance Ltd. | Financial | 1.14% | ₹10.00 Cr | +0.11% | — | +0.56% |
| Muthoot Finance Ltd. | Financial | 1.13% | ₹9.95 Cr | +1.11% | +1.20% | +2.77% |
| Mindspace Business Parks REIT | Construction | 1.12% | ₹9.83 Cr | +1.10% | +1.18% | — |
| Coal India Ltd. | Materials | 1.02% | ₹8.97 Cr | +1.53% | +1.71% | +1.11% |
| Aditya Birla Capital Ltd. | Financial | 1.00% | ₹8.75 Cr | +1.00% | — | — |
| Torrent Pharmaceuticals Ltd. | Healthcare | 0.99% | ₹8.73 Cr | +0.47% | +0.47% | — |
| Bosch Ltd. | Automobile | 0.96% | ₹8.48 Cr | +0.79% | +0.62% | +0.75% |
| Indian Bank | Financial | 0.96% | ₹8.46 Cr | +0.95% | +1.07% | +0.29% |
| Ultratech Cement Ltd. | Materials | 0.95% | ₹8.33 Cr | +0.95% | +2.66% | +2.76% |
| Maruti Suzuki India Ltd. | Automobile | 0.93% | ₹8.14 Cr | +1.06% | +1.00% | +1.19% |
| Coforge Ltd. | Technology | 0.93% | ₹8.13 Cr | +0.62% | — | — |
| Aditya Birla Sun Life AMC Ltd. | Financial | 0.91% | ₹7.96 Cr | +1.02% | +0.84% | +0.69% |
| Delhivery Ltd. | Services | 0.89% | ₹7.83 Cr | +1.00% | — | — |
| Infosys Ltd. | Technology | 0.88% | ₹7.76 Cr | +0.86% | +1.40% | +1.26% |
| IDFC First Bank Ltd. | Financial | 0.86% | ₹7.57 Cr | +0.82% | +0.88% | +0.96% |
| Bajaj Auto Ltd. | Automobile | 0.86% | ₹7.54 Cr | +0.86% | +0.84% | +0.76% |
| Radico Khaitan Ltd. | Consumer Staples | 0.84% | ₹7.42 Cr | +0.74% | +0.54% | — |
| BlackBuck Ltd. | Services | 0.80% | ₹6.99 Cr | +0.68% | — | — |
| Polycab India Ltd. | Capital Goods | 0.79% | ₹6.98 Cr | +0.83% | +0.37% | +0.36% |
| JM Financial Services Pvt. Ltd. | Financial | 0.79% | ₹6.97 Cr | +0.77% | +0.83% | — |
| The Phoenix Mills Ltd. | Construction | 0.77% | ₹6.77 Cr | +0.75% | +0.63% | — |
| Hindustan Aeronautics Ltd. | Capital Goods | 0.77% | ₹6.77 Cr | +0.39% | +0.33% | +0.42% |
| Vishal Mega Mart Ltd. | Services | 0.73% | ₹6.42 Cr | +0.83% | +0.71% | +1.01% |
| L&T Finance Ltd. | Financial | 0.73% | ₹6.39 Cr | +0.83% | — | — |
| Indus Towers Ltd. | Communication | 0.70% | ₹6.20 Cr | +0.98% | +3.11% | +2.33% |
| Marico Ltd. | Consumer Staples | 0.67% | ₹5.90 Cr | +0.69% | — | — |
| Acutaas Chemicals Ltd. | Healthcare | 0.61% | ₹5.40 Cr | — | — | — |
| TVS Credit Services Ltd. | Financial | 0.57% | ₹5.02 Cr | +0.56% | +0.60% | +0.56% |
| Embassy Office Parks REIT | Construction | 0.56% | ₹4.96 Cr | +0.56% | +0.60% | +0.56% |
| Small Industries Devp. Bank of India Ltd. | Financial | 0.56% | ₹4.92 Cr | +1.11% | +1.20% | +1.10% |
| JSW Energy Ltd. | Capital Goods | 0.55% | ₹4.85 Cr | +0.63% | +0.55% | +0.57% |
| Maharashtra State | Others | 0.54% | ₹4.77 Cr | +0.54% | +0.58% | — |
| Cummins India Ltd. | Capital Goods | 0.54% | ₹4.76 Cr | +0.63% | +0.54% | — |
| DLF Ltd. | Construction | 0.52% | ₹4.58 Cr | — | — | +1.33% |
| HDFC Asset Management Company Ltd. | Financial | 0.52% | ₹4.56 Cr | +0.79% | +0.72% | +0.82% |
| Mahanagar Gas Ltd. | Energy | 0.48% | ₹4.25 Cr | +0.72% | +0.62% | +0.79% |
| Max Financial Services Ltd. | Financial | 0.41% | ₹3.64 Cr | +0.46% | +0.47% | — |
| 360 ONE Wealth Ltd. | Financial | 0.34% | ₹3.00 Cr | — | — | — |
| Arvind Fashions Ltd. | Textiles | 0.22% | ₹1.93 Cr | +0.26% | +0.24% | +0.29% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| GOI | 2.19% | 3.41% | +1.23% |
| Small Industries Devp. Bank of India Ltd. | 0.00% | 0.56% | +0.56% |
| IIFL Finance Ltd. | 0.53% | 0.00% | -0.53% |
| Power Finance Corporation Ltd. | 1.57% | 1.14% | -0.43% |
| National Bank For Agriculture & Rural Development | 0.54% | 0.28% | -0.26% |
| Laurus Labs Ltd. | 1.93% | 1.71% | -0.23% |
| ICICI Bank Ltd. | 4.06% | 3.87% | -0.18% |
| Indusind Bank Ltd. | 2.27% | 2.11% | -0.16% |
| Fortis Healthcare Ltd. | 1.28% | 1.14% | -0.14% |
| HDFC Bank Ltd. | 2.24% | 2.35% | +0.11% |
| L&T Finance Ltd. | 0.84% | 0.73% | -0.11% |
| The Federal Bank Ltd. | 1.62% | 1.52% | -0.11% |
| Coal India Ltd. | 0.92% | 1.02% | +0.10% |
| Polycab India Ltd. | 0.89% | 0.79% | -0.10% |
| Titan Company Ltd. | 1.46% | 1.38% | -0.08% |
| Godrej Properties Ltd. | 1.63% | 1.71% | +0.08% |
| Mahindra & Mahindra Ltd. | 1.41% | 1.33% | -0.08% |
| Infosys Ltd. | 0.96% | 0.88% | -0.08% |
| Coforge Ltd. | 1.00% | 0.93% | -0.07% |
| State Bank of India | 1.51% | 1.44% | -0.07% |
| Maruti Suzuki India Ltd. | 1.00% | 0.93% | -0.07% |
| Bajaj Finance Ltd. | 1.48% | 1.41% | -0.07% |
| Brookfield India Real Estate Trust REIT | 2.10% | 2.17% | +0.07% |
| Apollo Hospitals Enterprise Ltd. | 1.78% | 1.72% | -0.06% |
| Indian Bank | 1.02% | 0.96% | -0.06% |
| BlackBuck Ltd. | 0.74% | 0.80% | +0.06% |
| Reliance Industries Ltd. | 2.28% | 2.23% | -0.05% |
| Delhivery Ltd. | 0.94% | 0.89% | -0.05% |
| Bajaj Auto Ltd. | 0.91% | 0.86% | -0.05% |
| Aditya Vision Ltd. | 1.34% | 1.40% | +0.05% |
| LIC Housing Finance Ltd. | 1.08% | 1.14% | +0.05% |
| Eternal Ltd. | 2.15% | 2.20% | +0.05% |
| Bharti Telecom Ltd. | 1.09% | 1.15% | +0.05% |
| Muthoot Finance Ltd. | 1.08% | 1.13% | +0.05% |
| Mindspace Business Parks REIT | 1.07% | 1.12% | +0.05% |
| Acutaas Chemicals Ltd. | 0.56% | 0.61% | +0.05% |
| The Phoenix Mills Ltd. | 0.72% | 0.77% | +0.05% |
| HDFC Asset Management Company Ltd. | 0.57% | 0.52% | -0.05% |
| Bharti Airtel Ltd. | 2.32% | 2.36% | +0.04% |
| JM Financial Services Pvt. Ltd. | 0.75% | 0.79% | +0.04% |
| Max Financial Services Ltd. | 0.45% | 0.41% | -0.04% |
| Divi's Laboratories Ltd. | 1.16% | 1.19% | +0.04% |
| Larsen & Toubro Ltd. | 1.38% | 1.34% | -0.03% |
| Vishal Mega Mart Ltd. | 0.76% | 0.73% | -0.03% |
| Oil And Natural Gas Corporation Ltd. | 1.16% | 1.18% | +0.03% |
| TVS Credit Services Ltd. | 0.54% | 0.57% | +0.03% |
| Tech Mahindra Ltd. | 1.48% | 1.46% | -0.02% |
| Embassy Office Parks REIT | 0.54% | 0.56% | +0.02% |
| Arvind Fashions Ltd. | 0.24% | 0.22% | -0.02% |
| Multi Commodity Exchange Of India Ltd. | 1.23% | 1.25% | +0.02% |
| Aditya Birla Capital Ltd. | 1.02% | 1.00% | -0.02% |
| Senores Pharmaceuticals Ltd. | 1.40% | 1.42% | +0.02% |
| Bharat Electronics Ltd. | 1.29% | 1.27% | -0.02% |
| Axis Bank Ltd. | 2.11% | 2.09% | -0.02% |
| Bharat Heavy Electricals Ltd. | 1.33% | 1.31% | -0.02% |
| Bank of Maharashtra | 1.19% | 1.21% | +0.02% |
| Radico Khaitan Ltd. | 0.83% | 0.84% | +0.02% |
| Mahanagar Gas Ltd. | 0.47% | 0.48% | +0.02% |
| Maharashtra State | 0.53% | 0.54% | +0.02% |
| 360 ONE Wealth Ltd. | 0.33% | 0.34% | +0.02% |
| Hindustan Aeronautics Ltd. | 0.75% | 0.77% | +0.02% |
| Glenmark Pharmaceuticals Ltd. | 1.29% | 1.28% | -0.01% |
| DLF Ltd. | 0.51% | 0.52% | +0.01% |
| Cummins India Ltd. | 0.55% | 0.54% | -0.01% |
| Bosch Ltd. | 0.98% | 0.96% | -0.01% |
| Indus Towers Ltd. | 0.70% | 0.70% | +0.01% |
| Aditya Birla Sun Life AMC Ltd. | 0.91% | 0.91% | -0.01% |
| Torrent Pharmaceuticals Ltd. | 1.00% | 0.99% | 0.00% |
| Ultratech Cement Ltd. | 0.94% | 0.95% | 0.00% |
| Marico Ltd. | 0.67% | 0.67% | 0.00% |
| IDFC First Bank Ltd. | 0.87% | 0.86% | 0.00% |
| Others | 0.06% | 0.06% | 0.00% |
| Jindal Steel Ltd. | 1.81% | 1.81% | 0.00% |
| JSW Energy Ltd. | 0.55% | 0.55% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹18,271 Cr | 2.11% | 7.3% | 6.9% | 10.2% |
 ICICI Prudential Balanced Advantage Fund | ₹71,892 Cr | 1.52% | 8.8% | 8.6% | 10.5% |
 Aditya Birla Sun Life Balanced Advantage Fund | ₹9,847 Cr | 1.96% | 10.5% | 8.9% | 10.5% |
 Baroda BNP Paribas Balanced Advantage Fund | ₹5,162 Cr | 2.04% | 7.8% | 7.7% | 10.4% |
 Axis Balanced Advantage Fund | ₹3,643 Cr | 2.18% | 7.4% | 6.8% | 9.7% |
 Quant Dynamic Asset Allocation Fund | ₹810 Cr | 2.84% | 2.0% | 2.5% | — |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks 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.
Fund managers
- Amit GargMr Garg is a B.Com, MMS Finance, CFAPrior to joining Mahindra Manulife Investment Management Pvt. Ltd., he has worked with Darashaw & Co. and Daiwa Asset Management (India) Pvt. Ltd.
- Hemang KapasiMr. Kapasi is B.Com (H), PGDBA (Finance) & CFA.Prior to joining Mahindra Manulife AMC, he has worked with Canara Robecco AMC and ICICI Bank.
- Neelesh DhamnaskarMr. Dhamnaskar is a B.Com (H)and MMS (Finance).Prior to joining Mahindra Manulife Mutual Fund, he has worked with Invesco MF, ENAM Securities Direct Pvt. Ltd. and KR Choksey Shares and Securities Pvt. Ltd. He has also worked with Anand Rathi Ltd., as Commodity Research Analyst.
- Rahul PalMr. Pal is a B.Com (H) and Chartered Accountant.Prior to joining Mahindra Manulife Mutual Fund, he has worked with Taurus AMC, Sundaram Mutual Fund and IDBI Mutual Fund.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
₹
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months5.69% absolute | ₹60,000 | ₹63,414 | 5.69% | |
| 1 year3.43% annualised | ₹1,20,000 | ₹1,22,253 | 1.88% | |
| 3 years10.36% annualised | ₹3,60,000 | ₹4,23,740 | 17.71% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.
What is the NAV of Mahindra Manulife Balanced Advantage Fund?
The NAV of Mahindra Manulife Balanced Advantage Fund is ₹15.21 as on 9 Nov 2026.
What is the expense ratio of Mahindra Manulife Balanced Advantage Fund?
The expense ratio of Mahindra Manulife Balanced Advantage Fund is 2.40% per year.
What is the minimum SIP amount for Mahindra Manulife Balanced Advantage Fund?
You can start a SIP in Mahindra Manulife Balanced Advantage Fund with ₹3,000 a month.
Is there a lock-in or exit load on Mahindra Manulife Balanced Advantage Fund?
Lock-in: None. Exit load: Exit load for units in excess of 10% of the investment 1% will be charged for redemption within 3 months..
How risky is Mahindra Manulife Balanced Advantage Fund?
Mahindra Manulife Balanced Advantage Fund is rated Very High on the SEBI riskometer and belongs to the Dynamic Asset Allocation category.
Which fund house manages Mahindra Manulife Balanced Advantage Fund?
Mahindra Manulife Balanced Advantage Fund is managed by Mahindra Manulife Mutual Fund, which runs 27 schemes with ₹38,154 Cr under management.