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Fund Overview

Fund Size

Fund Size

₹904 Cr

Expense Ratio

Expense Ratio

0.56%

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, 11 months and 22 days, having been launched on 30-Dec-21.
As of 20-Dec-24, it has a Net Asset Value (NAV) of ₹14.80, Assets Under Management (AUM) of 904.25 Crores, and an expense ratio of 0.56%.
  • Mahindra Manulife Balanced Advantage Fund Direct Growth has given a CAGR return of 14.10% since inception.
  • The fund's asset allocation comprises around 55.06% in equities, 21.39% in debts, and 23.55% 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

+18.51%

+15.05% (Cat Avg.)

Since Inception

+14.10%

(Cat Avg.)

Portfolio Summaryas of 30th November 2024

Equity497.89 Cr55.06%
Debt193.41 Cr21.39%
Others212.95 Cr23.55%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
Net Receivables / (Payables)Cash122 Cr13.49%
Triparty RepoCash - Repurchase Agreement58.93 Cr6.52%
HDFC Bank LtdEquity54.96 Cr6.08%
Reliance Industries LtdEquity41.87 Cr4.63%
ICICI Bank LtdEquity31.84 Cr3.52%
National Bank For Agriculture And Rural DevelopmentBond - Corporate Bond24.96 Cr2.76%
ITC LtdEquity23.6 Cr2.61%
7.18% Govt Stock 2037Bond - Gov't/Treasury22.05 Cr2.44%
7.23% Govt Stock 2039Bond - Gov't/Treasury20.66 Cr2.28%
National Bank For Agriculture And Rural DevelopmentBond - Corporate Bond20.09 Cr2.22%
Hindustan Unilever LtdEquity19.32 Cr2.14%
Mahindra & Mahindra LtdEquity17.35 Cr1.92%
LTIMindtree LtdEquity16.67 Cr1.84%
Trent LtdEquity15.9 Cr1.76%
7.3% Govt Stock 2053Bond - Gov't/Treasury15.54 Cr1.72%
7.38% Govt Stock 2027Bond - Gov't/Treasury15.24 Cr1.69%
Divi's Laboratories LtdEquity15 Cr1.66%
Shriram Finance LimitedBond - Corporate Bond14.99 Cr1.66%
PI Industries LtdEquity14.64 Cr1.62%
Kotak Mahindra Bank LtdEquity14.16 Cr1.57%
Marico Limited December 2024 FutureEquity - Future-14.02 Cr1.55%
Marico LtdEquity13.93 Cr1.54%
Persistent Systems LtdEquity13.82 Cr1.53%
HCL Technologies LtdEquity13.31 Cr1.47%
364 DTB 02052025Bond - Gov't/Treasury12.93 Cr1.43%
Future on Oil & Natural Gas Corp LtdEquity - Future-12.07 Cr1.33%
Oil & Natural Gas Corp LtdEquity12.01 Cr1.33%
Bajaj Finance LtdEquity11.84 Cr1.31%
InterGlobe Aviation LtdEquity11.82 Cr1.31%
Bharti Airtel LtdEquity11.72 Cr1.30%
Future on Multi Commodity Exchange of India LtdEquity - Future-11.22 Cr1.24%
Multi Commodity Exchange of India LtdEquity11.13 Cr1.23%
BSE LtdEquity10.09 Cr1.12%
Rec LimitedBond - Corporate Bond9.98 Cr1.10%
National Aluminium Co LtdEquity9.81 Cr1.08%
Kotak Mahindra Bank Limited 2025 ** #Cash9.54 Cr1.06%
364 Days Tbill 2025Bond - Gov't/Treasury9.51 Cr1.05%
The Federal Bank LtdEquity9.49 Cr1.05%
India (Republic of)Bond - Short-term Government Bills9.46 Cr1.05%
Aditya Vision LtdEquity9.41 Cr1.04%
Future on Samvardhana Motherson International LtdEquity - Future-9.38 Cr1.04%
Future on Reliance Industries LtdEquity - Future-9.36 Cr1.04%
Samvardhana Motherson International LtdEquity9.36 Cr1.03%
Bharti Telecom LimitedBond - Corporate Bond9.06 Cr1.00%
Indian Hotels Co LtdEquity8.57 Cr0.95%
7.34% Govt Stock 2064Bond - Gov't/Treasury8.32 Cr0.92%
Hitachi Energy India Ltd Ordinary SharesEquity8.09 Cr0.89%
Future on Bharat Forge LtdEquity - Future-8.04 Cr0.89%
Page Industries LtdEquity8.04 Cr0.89%
Bharat Forge LtdEquity8.03 Cr0.89%
Bank of BarodaEquity7.91 Cr0.87%
Hindustan Petroleum Corp LtdEquity7.76 Cr0.86%
Cholamandalam Financial Holdings LtdEquity7.34 Cr0.81%
L.G.Balakrishnan & Bros LtdEquity7.34 Cr0.81%
Future on GAIL (India) LtdEquity - Future-7.17 Cr0.79%
GAIL (India) LtdEquity7.12 Cr0.79%
6.79% Govt Stock 2034Bond - Gov't/Treasury7.02 Cr0.78%
Siemens LtdEquity6.8 Cr0.75%
360 One Wam Ltd Ordinary SharesEquity6.67 Cr0.74%
Waaree Energies LtdEquity6.67 Cr0.74%
Piramal Enterprises LtdEquity6.67 Cr0.74%
Future on Exide Industries LtdEquity - Future-6.55 Cr0.72%
Exide Industries LtdEquity6.52 Cr0.72%
Future on State Bank of IndiaEquity - Future-6.07 Cr0.67%
State Bank of IndiaEquity6.04 Cr0.67%
Future on Bandhan Bank LtdEquity - Future-5.96 Cr0.66%
Bandhan Bank LtdEquity5.92 Cr0.65%
Balrampur Chini Mills LtdEquity5.85 Cr0.65%
TVS Motor Co LtdEquity5.26 Cr0.58%
Angel One Ltd Ordinary SharesEquity5.21 Cr0.58%
Future on Colgate-Palmolive (India) LtdEquity - Future-5.19 Cr0.57%
Colgate-Palmolive (India) LtdEquity5.16 Cr0.57%
Bayer CropScience LtdEquity5.12 Cr0.57%
Arvind Fashions LtdEquity5.12 Cr0.57%
Alkem Laboratories LtdEquity5.08 Cr0.56%
ICICI Lombard General Insurance Co LtdEquity5.03 Cr0.56%
LIC Housing Finance LimitedBond - Corporate Bond5.02 Cr0.55%
CESC LtdEquity5.01 Cr0.55%
Punjab National Bank 2025 ** #Cash4.78 Cr0.53%
Axis Bank Limited 2025 #Cash4.78 Cr0.53%
NLC India LtdEquity4.66 Cr0.52%
Mankind Pharma LtdEquity4.61 Cr0.51%
JK Paper LtdEquity4.57 Cr0.51%
CRISIL LtdEquity3.62 Cr0.40%
7.09% Govt Stock 2054Bond - Gov't/Treasury1.51 Cr0.17%
United Spirits LtdEquity0.06 Cr0.01%
Tata Consultancy Services LtdEquity0.05 Cr0.01%
SRF LtdEquity0.01 Cr0.00%

Allocation By Market Cap (Equity)

Large Cap Stocks

34.78%

Mid Cap Stocks

13.55%

Small Cap Stocks

7.55%

Allocation By Credit Quality (Debt)

AAA

AA

Other Allocation

Equity Sector

Debt & Others

SectorAmount sortHoldings sort
Financial Services197.92 Cr21.89%
Consumer Cyclical100.89 Cr11.16%
Consumer Defensive67.92 Cr7.51%
Energy61.63 Cr6.82%
Technology58.59 Cr6.48%
Basic Materials34.14 Cr3.78%
Healthcare24.69 Cr2.73%
Industrials18.63 Cr2.06%
Utilities16.79 Cr1.86%
Communication Services11.72 Cr1.30%

Risk & Performance Ratios

Standard Deviation

This fund

--

Cat. avg.

7.73%

Lower the better

Sharpe Ratio

This fund

--

Cat. avg.

0.81

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

1.50

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 30th November 2024

ISIN
INF174V01BE0
Expense Ratio
0.56%
Exit Load
1.00%
Fund Size
₹904 Cr
Age
2 years 11 months
Lumpsum Minimum
₹1,000
Fund Status
Open Ended Investment Company
Benchmark
Nifty 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

iconCapital Gains Taxation:

iconDividend Taxation:

info icon

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

Very High Risk

2.2%1.0%₹1145.14 Cr12.2%
Motilal Oswal Balance Advantage Fund Direct Growth

Very High Risk

1.0%1.0%₹1145.14 Cr13.6%
Quant Dynamic Asset Allocation Fund Direct Growth

Very High Risk

0.7%1.0%₹1341.13 Cr28.1%
Quant Dynamic Asset Allocation Fund Regular Growth

Very High Risk

2.1%1.0%₹1341.13 Cr26.2%
Bandhan Balanced Advantage Fund Direct Growth

Moderately High risk

0.7%1.0%₹2283.37 Cr17.3%
Bandhan Balanced Advantage Fund Regular Growth

Moderately High risk

2.0%1.0%₹2283.37 Cr15.8%
Mahindra Manulife Balanced Advantage Fund Regular Growth

Very High Risk

2.2%1.0%₹904.25 Cr16.5%
Mahindra Manulife Balanced Advantage Fund Direct Growth

Very High Risk

0.6%1.0%₹904.25 Cr18.5%
Mirae Asset Balanced Advantage Fund Direct Growth

High Risk

0.7%1.0%₹1774.80 Cr14.2%
Mirae Asset Balanced Advantage Fund Regular Growth

High Risk

2.1%1.0%₹1774.80 Cr12.6%

About the AMC

Mahindra Manulife Mutual Fund

Mahindra Manulife Mutual Fund

Total AUM

₹18,846 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

0.4%1.0%₹1183.01 Cr35.1%
Mahindra Manulife Large Cap Fund Direct Growth

Very High Risk

0.7%1.0%₹594.99 Cr18.8%
Mahindra Manulife Liquid Fund Direct Growth

Moderate Risk

0.2%0.0%₹1365.71 Cr7.5%
Mahindra Manulife ELSS Fund Direct Growth

Very High Risk

0.6%0.0%₹931.16 Cr17.7%
Mahindra Manulife Overnight Fund Direct Growth

Low Risk

0.1%0.0%₹300.68 Cr6.7%
Mahindra Manulife Asia Pacific REITs FOF Direct Growth

Very High Risk

0.5%1.0%₹21.96 Cr-7.6%
Mahindra Manulife Equity Savings Fund Direct Growth

Moderate Risk

0.7%1.0%₹580.13 Cr11.8%
Mahindra Manulife Dynamic Bond Fund Direct Growth

Moderate Risk

0.4%0.0%₹79.96 Cr9.4%
Mahindra Manulife Short Duration Fund Direct Growth

Moderate Risk

0.3%0.0%₹71.96 Cr8.6%
Mahindra Manulife Arbitrage Fund Direct Growth

Low Risk

0.4%0.0%₹106.53 Cr7.1%
Mahindra Manulife Aggressive Hybrid Fund Direct Growth

Very High Risk

0.5%1.0%₹1502.95 Cr25.4%
Mahindra Manulife Balanced Advantage Fund Direct Growth

Very High Risk

0.6%1.0%₹904.25 Cr18.5%

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 20-Dec-2024, is ₹14.80.
The fund's allocation of assets is distributed as 55.06% in equities, 21.39% in bonds, and 23.55% 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