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Mahindra Manulife Balanced Advantage Fund Direct Growth
HybridDynamic Asset AllocationVery High Risk
Direct
NAV (21-Nov-24)
₹14.59-0.16%1D
Returns (Since Inception)
13.96%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹890 Cr
Expense Ratio
0.53%
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 2 years, 10 months and 23 days, having been launched on 30-Dec-21.
As of 21-Nov-24, it has a Net Asset Value (NAV) of ₹14.59, Assets Under Management (AUM) of 890.15 Crores, and an expense ratio of 0.53%.
As of 21-Nov-24, it has a Net Asset Value (NAV) of ₹14.59, Assets Under Management (AUM) of 890.15 Crores, and an expense ratio of 0.53%.
- Mahindra Manulife Balanced Advantage Fund Direct Growth has given a CAGR return of 13.96% since inception.
- The fund's asset allocation comprises around 52.70% in equities, 20.69% in debts, and 26.61% 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
+21.74%
+18.62% (Cat Avg.)
Since Inception
+13.96%
— (Cat Avg.)
Portfolio Summaryas of 31st October 2024
| Equity | ₹469.09 Cr | 52.70% |
| Debt | ₹184.19 Cr | 20.69% |
| Others | ₹236.88 Cr | 26.61% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Net Receivables / (Payables) | Cash | ₹146.48 Cr | 16.46% |
| Triparty Repo | Cash - Repurchase Agreement | ₹48.58 Cr | 5.46% |
| HDFC Bank Ltd | Equity | ₹41.08 Cr | 4.62% |
| Reliance Industries Ltd | Equity | ₹31.17 Cr | 3.50% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹24.96 Cr | 2.80% |
| ITC Ltd | Equity | ₹24.2 Cr | 2.72% |
| 7.18% Govt Stock 2037 | Bond - Gov't/Treasury | ₹22.03 Cr | 2.47% |
| 7.23% Govt Stock 2039 | Bond - Gov't/Treasury | ₹20.65 Cr | 2.32% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹20.14 Cr | 2.26% |
| ICICI Bank Ltd | Equity | ₹20.02 Cr | 2.25% |
| Future on United Spirits Ltd | Equity - Future | ₹-19.57 Cr | 2.20% |
| Hindustan Unilever Ltd | Equity | ₹19.57 Cr | 2.20% |
| United Spirits Ltd | Equity | ₹19.53 Cr | 2.19% |
| Trent Ltd | Equity | ₹16.68 Cr | 1.87% |
| Future on Tata Consultancy Services Ltd | Equity - Future | ₹-16.21 Cr | 1.82% |
| PI Industries Ltd | Equity | ₹16.16 Cr | 1.82% |
| Tata Consultancy Services Ltd | Equity | ₹16.16 Cr | 1.81% |
| Mahindra & Mahindra Ltd | Equity | ₹15.96 Cr | 1.79% |
| 7.3% Govt Stock 2053 | Bond - Gov't/Treasury | ₹15.6 Cr | 1.75% |
| LTIMindtree Ltd | Equity | ₹15.42 Cr | 1.73% |
| 7.38% Govt Stock 2027 | Bond - Gov't/Treasury | ₹15.23 Cr | 1.71% |
| Shriram Finance Limited | Bond - Corporate Bond | ₹14.99 Cr | 1.68% |
| Waaree Energies Ltd | Equity | ₹14.09 Cr | 1.58% |
| Kotak Mahindra Bank Ltd | Equity | ₹13.89 Cr | 1.56% |
| Divi's Laboratories Ltd | Equity | ₹13.25 Cr | 1.49% |
| 364 DTB 02052025 | Bond - Gov't/Treasury | ₹12.86 Cr | 1.44% |
| HCL Technologies Ltd | Equity | ₹12.72 Cr | 1.43% |
| Persistent Systems Ltd | Equity | ₹12.57 Cr | 1.41% |
| Future on Oil & Natural Gas Corp Ltd | Equity - Future | ₹-12.48 Cr | 1.40% |
| Oil & Natural Gas Corp Ltd | Equity | ₹12.45 Cr | 1.40% |
| Bajaj Finance Ltd | Equity | ₹12.4 Cr | 1.39% |
| 7.1% Govt Stock 2034 | Bond - Gov't/Treasury | ₹12.21 Cr | 1.37% |
| Multi Commodity Exchange of India Ltd | Equity | ₹11.73 Cr | 1.32% |
| Future on Multi Commodity Exchange of India Ltd | Equity - Future | ₹-11.72 Cr | 1.32% |
| Bharti Airtel Ltd | Equity | ₹11.61 Cr | 1.30% |
| InterGlobe Aviation Ltd | Equity | ₹10.94 Cr | 1.23% |
| Samvardhana Motherson International Ltd | Equity | ₹10.42 Cr | 1.17% |
| Rec Limited | Bond - Corporate Bond | ₹9.98 Cr | 1.12% |
| 364 DTB 21112024 | Bond - Gov't/Treasury | ₹9.96 Cr | 1.12% |
| BSE Ltd | Equity | ₹9.65 Cr | 1.08% |
| Future on Reliance Industries Ltd | Equity - Future | ₹-9.64 Cr | 1.08% |
| Kotak Mahindra Bank Limited 2025 ** # | Cash | ₹9.49 Cr | 1.07% |
| India (Republic of) | Bond - Short-term Government Bills | ₹9.46 Cr | 1.06% |
| Hitachi Energy India Ltd Ordinary Shares | Equity | ₹9.33 Cr | 1.05% |
| The Federal Bank Ltd | Equity | ₹9.18 Cr | 1.03% |
| Bharti Telecom Limited | Bond - Corporate Bond | ₹9.06 Cr | 1.02% |
| Aditya Vision Ltd | Equity | ₹8.98 Cr | 1.01% |
| Future on Bharat Forge Ltd | Equity - Future | ₹-8.52 Cr | 0.96% |
| Bharat Forge Ltd | Equity | ₹8.5 Cr | 0.96% |
| 7.34% Govt Stock 2064 | Bond - Gov't/Treasury | ₹8.36 Cr | 0.94% |
| Cholamandalam Financial Holdings Ltd | Equity | ₹7.72 Cr | 0.87% |
| Hindustan Petroleum Corp Ltd | Equity | ₹7.71 Cr | 0.87% |
| Future on Tata Motors Ltd | Equity - Future | ₹-7.53 Cr | 0.85% |
| Tata Motors Ltd | Equity | ₹7.48 Cr | 0.84% |
| L.G.Balakrishnan & Bros Ltd | Equity | ₹7.47 Cr | 0.84% |
| NTPC Ltd | Equity | ₹7.35 Cr | 0.83% |
| Indian Hotels Co Ltd | Equity | ₹7.31 Cr | 0.82% |
| GAIL (India) Ltd | Equity | ₹7.2 Cr | 0.81% |
| Future on GAIL (India) Ltd | Equity - Future | ₹-7.19 Cr | 0.81% |
| Marico Limited December 2024 Future | Equity - Future | ₹-6.97 Cr | 0.78% |
| Marico Ltd | Equity | ₹6.91 Cr | 0.78% |
| Future on Exide Industries Ltd | Equity - Future | ₹-6.59 Cr | 0.74% |
| Exide Industries Ltd | Equity | ₹6.56 Cr | 0.74% |
| 360 One Wam Ltd Ordinary Shares | Equity | ₹6.53 Cr | 0.73% |
| Bandhan Bank Ltd | Equity | ₹6.38 Cr | 0.72% |
| Future on SRF Ltd | Equity - Future | ₹-6.35 Cr | 0.71% |
| SRF Ltd | Equity | ₹6.31 Cr | 0.71% |
| Siemens Ltd | Equity | ₹6.28 Cr | 0.71% |
| Balrampur Chini Mills Ltd | Equity | ₹6.28 Cr | 0.71% |
| National Aluminium Co Ltd | Equity | ₹6.14 Cr | 0.69% |
| Bayer CropScience Ltd | Equity | ₹5.96 Cr | 0.67% |
| Future on State Bank of India | Equity - Future | ₹-5.95 Cr | 0.67% |
| State Bank of India | Equity | ₹5.91 Cr | 0.66% |
| Page Industries Ltd | Equity | ₹5.83 Cr | 0.65% |
| Angel One Ltd Ordinary Shares | Equity | ₹5.49 Cr | 0.62% |
| Future on Colgate-Palmolive (India) Ltd | Equity - Future | ₹-5.47 Cr | 0.61% |
| Colgate-Palmolive (India) Ltd | Equity | ₹5.47 Cr | 0.61% |
| CESC Ltd | Equity | ₹5.45 Cr | 0.61% |
| TVS Motor Co Ltd | Equity | ₹5.39 Cr | 0.61% |
| Alkem Laboratories Ltd | Equity | ₹5.2 Cr | 0.58% |
| ICICI Lombard General Insurance Co Ltd | Equity | ₹5.18 Cr | 0.58% |
| Future on Samvardhana Motherson International Ltd | Equity - Future | ₹-5.17 Cr | 0.58% |
| Arvind Fashions Ltd | Equity | ₹5.09 Cr | 0.57% |
| JK Paper Ltd | Equity | ₹4.98 Cr | 0.56% |
| Mankind Pharma Ltd | Equity | ₹4.8 Cr | 0.54% |
| Piramal Enterprises Ltd | Equity | ₹4.78 Cr | 0.54% |
| Punjab National Bank 2025 ** # | Cash | ₹4.76 Cr | 0.53% |
| Axis Bank Limited 2025 ** # | Cash | ₹4.75 Cr | 0.53% |
| NLC India Ltd | Equity | ₹4.64 Cr | 0.52% |
| Suzlon Energy Ltd | Equity | ₹3.01 Cr | 0.34% |
| 7.09% Govt Stock 2054 | Bond - Gov't/Treasury | ₹1.52 Cr | 0.17% |
Allocation By Market Cap (Equity)
Large Cap Stocks
31.25%
Mid Cap Stocks
12.93%
Small Cap Stocks
7.72%
Allocation By Credit Quality (Debt)
AAA
AA
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹159.92 Cr | 17.96% |
| Consumer Cyclical | ₹105.67 Cr | 11.87% |
| Consumer Defensive | ₹81.95 Cr | 9.21% |
| Technology | ₹80.28 Cr | 9.02% |
| Energy | ₹51.33 Cr | 5.77% |
| Basic Materials | ₹39.56 Cr | 4.44% |
| Utilities | ₹24.63 Cr | 2.77% |
| Healthcare | ₹23.25 Cr | 2.61% |
| Industrials | ₹20.23 Cr | 2.27% |
| Communication Services | ₹11.61 Cr | 1.30% |
Risk & Performance Ratios
Standard Deviation
This fund
--
Cat. avg.
7.86%
Lower the better
Sharpe Ratio
This fund
--
Cat. avg.
0.75
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
1.37
Higher the better
Fund Managers
Additional Scheme Detailsas of 31st October 2024
ISIN INF174V01BE0 | Expense Ratio 0.53% | Exit Load 1.00% | Fund Size ₹890 Cr | Age 2 years 10 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  |
|---|---|---|---|---|
| Motilal Oswal Balance Advantage Fund Regular Growth Very High Risk | 2.2% | 1.0% | ₹1238.19 Cr | 11.9% |
| Motilal Oswal Balance Advantage Fund Direct Growth Very High Risk | 1.0% | 1.0% | ₹1238.19 Cr | 13.3% |
| Quant Dynamic Asset Allocation Fund Direct Growth High Risk | 0.7% | 1.0% | ₹1349.99 Cr | 31.2% |
| Quant Dynamic Asset Allocation Fund Regular Growth High Risk | 2.1% | 1.0% | ₹1349.99 Cr | 29.3% |
| Bandhan Balanced Advantage Fund Direct Growth Moderately High risk | 0.7% | 1.0% | ₹2268.45 Cr | 17.9% |
| Bandhan Balanced Advantage Fund Regular Growth Moderately High risk | 2.0% | 1.0% | ₹2268.45 Cr | 16.4% |
| Mahindra Manulife Balanced Advantage Fund Regular Growth Very High Risk | 2.2% | 1.0% | ₹890.15 Cr | 19.7% |
| Mahindra Manulife Balanced Advantage Fund Direct Growth Very High Risk | 0.5% | 1.0% | ₹890.15 Cr | 21.7% |
| Mirae Asset Balanced Advantage Fund Direct Growth High Risk | 0.7% | 1.0% | ₹1742.15 Cr | 17.1% |
| Mirae Asset Balanced Advantage Fund Regular Growth High Risk | 2.1% | 1.0% | ₹1742.15 Cr | 15.5% |
About the AMC
Mahindra Manulife Mutual Fund
Total AUM
₹19,568 Cr
Address
570 P. B. Marg, Worli, Mumbai 400018, Mumbai, 400018
Other Funds by Mahindra Manulife Mutual Fund
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 21-Nov-2024, is ₹14.59.
What is the portfolio composition of Mahindra Manulife Balanced Advantage Fund Direct Growth?
The fund's allocation of assets is distributed as 52.70% in equities, 20.69% in bonds, and 26.61% 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
- Manish Lodha
- Fatema Pacha
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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Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.