Mahindra Manulife Balanced Advantage Fund

Q: What are the returns of this mutual fund scheme?

The Mahindra Manulife Balanced Advantage Fund is a 4 yrs 1 m old fund and has delivered average annual returns of 9.23% since inception. Mahindra Manulife Balanced Advantage Fund Returns 1-Year 3-Year Since Inception 4.8% 12.69% 9.23%

NAV as of Feb 02, 2026	Returns since inception	ET Money Rank	AUM (Fund size)
₹14.3556-1.01% 1 day change	9.23% p.a.	App exclusive #NA View Ranked Funds	₹928 Cr

Historical NAV & returns

NAV: ₹14.3556 as on Feb 02, 2026

This fund Category average

Mahindra Manulife Balanced Advantage Fund overview

AUM (Fund size)	₹928 Cr
Exit load	1.0% Exit load for units in excess of 10% of the investment 1% will be charged for redemption within 3 months.!
Lock-in Period	Nil
Age	4 yrs 1 m since Dec 09, 2021
Benchmark	NIFTY 50 Hybrid Composite Debt 50:50 Index
Min. investment	SIP: ₹500 & Lumpsum: ₹1000
Expense ratio	2.22% as on Feb 02, 2026
Plan type	Regular
Risk	Very High

Mahindra Manulife Balanced Advantage Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Feb 03, 2026

Period	This fund	Category average
1 Month	-3.14%	-2.78%
3 Months	-2.95%	-2.21%
6 Months	-0.39%	0.4%
1 Year	4.8%	5.64%
2 Years	5.63%	6.8%
3 Years	12.69%	11.19%
4 Years	9.51%	9.03%

Asset allocationas on Dec 31, 2025

Large Cap 39.08%

Mid Cap 21.01%

Small Cap 7.58%

Other Cap 0%

Top holdings

JSW Steel Ltd.2.83%

Indus Towers Ltd.2.8%

Ultratech Cement Ltd.2.62%

ICICI Bank Ltd.2.46%

Top sectors

Financial 21.509999999999998%

Healthcare 9.439999999999998%

Materials 5.61%

Technology 5.13%

AAA 10.446538%

SOV 6.694732%

Cash & Call Money 6.085235%

A1+ 5.084774%

Top Debt Holdings

GOI 4.18%

Muthoot Finance Ltd. 2.73%

National Bank For Agriculture & Rural Development 2.19%

Maharashtra State 2.1%

Allocation by Instruments

Debenture 8.940000000000001%

Bonds 4.37%

GOI Securities 4.18%

Net Receivables 3.57%

Other Holdings

Others 3.57%

Mahindra Manulife Liquid Fund Direct -Growth 3.23%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
Mahindra Manulife Balanced Advantage Fund	-3.14%	-0.39%	4.8%	12.69%	N.A.	N.A.
ICICI Prudential Balanced Advantage Fund	-2.3%	3.64%	10.16%	13.1%	11.69%	11.91%
Franklin India Dynamic Asset Allocation Active FoF	-2.57%	-0.02%	5.51%	12.65%	14.0%	10.49%
Axis Balanced Advantage Fund	-2.62%	1.83%	5.74%	13.92%	10.53%	7.71%
Tata Balanced Advantage Fund	-2.85%	1.02%	5.5%	10.42%	9.73%	7.47%
DSP Dynamic Asset Allocation Fund	-1.4%	2.34%	8.1%	12.24%	8.8%	9.47%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Mahindra Manulife Balanced Advantage Fund	8.24	0.82	0.79	1.23
ICICI Prudential Balanced Advantage Fund	5.47	0.56	1.22	1.74
Franklin India Dynamic Asset Allocation Active FoF	6.27	0.63	1.01	1.53
Axis Balanced Advantage Fund	7.26	0.73	1.06	1.73
Tata Balanced Advantage Fund	6.51	0.68	0.67	0.99
DSP Dynamic Asset Allocation Fund	5.63	0.55	1.04	2.05

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Mahindra Manulife Balanced Advantage Fund	N.A.	928 Cr	4 yrs 1 m	2.22%
ICICI Prudential Balanced Advantage Fund	N.A.	70,535 Cr	19 yrs 2 m	1.43%
Franklin India Dynamic Asset Allocation Active FoF	N.A.	1,301 Cr	22 yrs 3 m	2.14%
Axis Balanced Advantage Fund	N.A.	3,816 Cr	8 yrs 6 m	1.91%
Tata Balanced Advantage Fund	N.A.	9,691 Cr	7 yrs	1.73%
DSP Dynamic Asset Allocation Fund	N.A.	3,709 Cr	12 yrs	1.88%

View all Dynamic Asset Allocation funds

Key risk & return ratios Compared to other funds in the category

Alpha	0.96 vs. 3.26 Underperformed at beating benchmark
Sharpe	0.79 vs. 3.04 Poor risk-adjusted returns
Beta	0.82 vs. 0.68 More sensitive to market's ups & downs
Standard deviation	8.24 vs. 5.55 More volatile performance

Compare Mahindra Manulife Balanced Advantage Fund in detail with

About this fund

About Mahindra Manulife Balanced Advantage Fund

Mahindra Manulife Balanced Advantage Fund is a Dynamic Asset Allocation mutual fund scheme from Mahindra Manulife Mutual Fund. This fund has been in existence for 4 yrs 1 m, having been launched on 09/12/2021. Mahindra Manulife Balanced Advantage Fund has ₹928 Crores worth of assets under management (AUM) as on 31/12/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Mahindra Manulife Balanced Advantage Fund as of 02/02/2026 is ₹14.36. The fund has an expense ratio of 2.22%, which is higher than what most other Dynamic Asset Allocation funds charge. Currently, the fund has a 67.66% allocation to equity and 26.26% to Debt.

Mahindra Manulife Balanced Advantage Fund returns of last 1-year are 5.42%. Since launch, it has delivered 9.23% average annual returns.
Mahindra Manulife Balanced Advantage Fund scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is above average.
The fund's equity portion is primarily invested in Financial, Healthcare, Materials, Technology, Communication sectors. It has taken less exposure in Financial, Healthcare sectors compared to other funds in the category.
The debt portion of the fund has low credit quality indicating the quality of borrowers it has lent it to is not too great.
The fund's top 5 holdings are in GOI, Mahindra Manulife Liquid Fund Direct -Growth, JSW Steel Ltd., Indus Towers Ltd., Muthoot Finance Ltd..

...

Fund AUM	928 Cr as on Dec 31, 2025
Scheme document	View Scheme Document

Fund managers

Rahul Pal

Mr. 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.

Fatema Pacha

Ms. Pacha has done PGDBM (Finance) and BE (Computers) Prior to joining Mahindra Manulife Mutual Fund, she was associated with ICICI Prudential Life Insurance and UTI Mutual Fund.

Amit Garg

Mr Garg is a B.Com, MMS Finance, CFA Prior to joining Mahindra Manulife Investment Management Pvt. Ltd., he has worked with Darashaw & Co. and Daiwa Asset Management (India) Pvt. Ltd.

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.

Mahindra Manulife Mutual Fund details

No. of schemes	25 view all schemes
Total AUM	32,930 Cr as on Dec 31, 2025
Address	1st Floor - Sadhana House, 570 - P.B. Marg, Worli, Mumbai, 400018
Phone	022-66327900

More funds from Mahindra Manulife Mutual Fund

Fund name	ETM Rank	AUM	1Y	5Y
Mahindra Manulife Aggressive Hybrid Fund	N.A.	2,108 Cr	7.35%	14.86%
Mahindra Manulife Equity Savings Fund	N.A.	567 Cr	6.95%	8.76%
Mahindra Manulife Multi Asset Allocation Fund	N.A.	931 Cr	19.77%	N.A.
Mahindra Manulife Arbitrage Fund	N.A.	100 Cr	5.35%	4.72%

See all Hybrid funds from this AMC

Frequently asked questions

What is the current NAV of Mahindra Manulife Balanced Advantage Fund?

The current Net Asset Value (NAV) of the Mahindra Manulife Balanced Advantage Fund plan is approximately ₹14.3556 as of Feb 02, 2026.

What are the returns of this mutual fund scheme?

The Mahindra Manulife Balanced Advantage Fund is a 4 yrs 1 m old fund and has delivered average annual returns of 9.23% since inception.

Mahindra Manulife Balanced Advantage Fund Returns

1-Year	3-Year	Since Inception
4.8%	12.69%	9.23%

How much does this mutual fund charge as expense ratio?

The Mahindra Manulife Balanced Advantage Fund has an expense ratio of 2.22%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

What is the AUM or fund size of this mutual fund?

The Mahindra Manulife Balanced Advantage Fund currently has assets under management (AUM) or fund size valued at approximately 928 Cr as on Dec 31, 2025.

What are the top stock holdings of Mahindra Manulife Balanced Advantage Fund?

The Mahindra Manulife Balanced Advantage Fund's equity portion has been invested in the stocks of the following companies

Company	Percentage of Portfolio
JSW Steel Ltd.	2.83%
Indus Towers Ltd.	2.8%
Ultratech Cement Ltd.	2.62%
ICICI Bank Ltd.	2.46%
Reliance Industries Ltd.	2.28%
State Bank of India	2.28%
Axis Bank Ltd.	2.05%
Indusind Bank Ltd.	1.92%
Laurus Labs Ltd.	1.81%
Bharti Airtel Ltd.	1.81%

What are the top sectors Mahindra Manulife Balanced Advantage Fund has invested in?

The Mahindra Manulife Balanced Advantage Fund's equity portion is primarily invested in the following sectors -

Sector	Percentage of Portfolio
Financial	21.509999999999998%
Healthcare	9.439999999999998%
Materials	5.61%
Technology	5.13%
Communication	4.609999999999999%
Capital Goods	4.33%
Automobile	3.7699999999999996%
Metals & Mining	3.75%
Energy	2.96%
Construction	2.54%

To whom does Mahindra Manulife Balanced Advantage Fund lend to?

The top 3 debt holdings of Mahindra Manulife Balanced Advantage Fund are as follows

Holding Name	Percentage of Portfolio
GOI	4.18%
Muthoot Finance Ltd.	2.73%
National Bank For Agriculture & Rural Development	2.19%

What is the quality of borrowers this mutual fund scheme lends to?

The credit rating of the instruments in which the fund invests represents the quality of the borrower.

The Mahindra Manulife Balanced Advantage Fund's debt portion's allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
AAA	10.446538%
SOV	6.694732%
Cash & Call Money	6.085235%

What is risk level of Mahindra Manulife Balanced Advantage Fund?

This is a Dynamic Asset Allocation fund comes with Very High risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How can I redeem my investments in Mahindra Manulife Balanced Advantage Fund?

Redeeming your investments in the Mahindra Manulife Balanced Advantage Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

If you have invested from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

App exclusive

in Dynamic Asset Allocation

#NA

Return/Risk: The fund is performing poorly than its category.
Exit Load: Exit load for units in excess of 10% of the investment 1% will be charged for redemption within 3 months.