Mahindra Manulife Balanced Advantage Fund (G)

Dynamic Asset Allocation or Balanced Advantage

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NAV
14.71(-0.68%)
Fund Size (CR)
₹903.94
Expense Ratio
2.47
Scheme Type
Active Fund
Value Research
-

Min. investment
₹1,000
Minimum Additional Investment
₹1,000
Minimum SIP Investment
₹500
Minimum Withdrawal
₹1,000
Exit Load
1%
Return Since Launch
8.99%

Absolute Return: 2.06%

Annualized Return: 0%

Basic Details

Scheme Manager

Neelesh Dhamnaskar

Bench Mark

Nifty 50 Hybrid Composite Debt 50:50 Index

Type

OPEN

Lumpsum Returns

Period Invested For	₹10,000 Invested on	Latest Value	Absolute Returns	Annualised Returns	Category Avg	Rank within Category
1 Week	July 15, 2026	9968.03	-0.32%	-	-0.31%	72/151
1 Month	June 22, 2026	10068.11	0.68%	-	0.17%	26/151
3 Month	April 22, 2026	10275.57	2.76%	-	1.12%	17/151
6 Month	January 22, 2026	10265.88	2.66%	-	1.39%	30/147
1 Year	July 22, 2025	10123.30	1.23%	1.23%	1.29%	77/147
3 Year	July 21, 2023	13416.19	34.16%	10.27%	9.65%	44/121
5 Year	-	-	-	-	-	-/-
Since Inception	December 30, 2021	14811.20	48.11%	8.99%	9.18%	85/151

Note: Lumpsum Returns since Inception Date.

SIP Returns

Period Invested For	₹10,000 Invested on	Investments	Latest Value	Absolute Returns	Annualised Returns
1 Year	August 1, 2025	1,20,000	122681.11	2.23%	2.23%
3 Year	August 1, 2023	3,60,000	392129.58	8.92%	2.89%
5 Year	-	-	-	-	-
10 Year	-	-	-	-	-

Note: SIP Returns since Inception Date.

Tax Treatment

If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh. Any cess/surcharge is not included.If sold before 1 year from purchase date, short term capital gain tax will be applicable. Current tax rate is 15%. Any cess/surcharge is not included in the 15%.

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Risk Ratios

2.93%

Standard Deviation

0.67%

Beta

0.53%

Sharpe Ratio

-0.02%

Treynor's Ratio

4.64%

Jension's Alpha

Asset Allocation

Sector Allocation

Top 10 stock holding in portfolio

Stock Invested in	% of Total Holdings	Quantity	Value (Cr)	Asset Type	Segment
ICICI Bank	3.92%	257500	35.41	Equity	Banks
HDFC Bank	2.57%	291201	23.24	Equity	Banks
Bharti Airtel	2.42%	118000	21.85	Equity	Telecom-Service
Reliance Industr	2.36%	165000	21.35	Equity	Refineries
Axis Bank	2.23%	150000	20.19	Equity	Banks
IndusInd Bank	2.11%	206000	19.04	Equity	Banks
Laurus Labs	1.85%	110000	16.69	Equity	Pharmaceuticals
Apollo Hospitals	1.78%	18500	16.06	Equity	Healthcare
Eternal	1.77%	605000	16.01	Equity	E-Commerce/App based Aggregator
Jindal Steel	1.64%	139812	14.82	Equity	Steel

Peer Comparison

Scheme Name	Asset Size (Cr)	1M	3M	6M	1Y	3Y
Unifi Dynamic Asset Allocation Fund - Direct (G)	1290.08	0.73%	2.20%	4.10%	7.99%	-
Bank of India Balanced Advantage Fund - Direct (G)	169.80	0.10%	-0.40%	2.74%	6.11%	9.74%
Bank of India Balanced Advantage Fund - Direct (IDCW)	169.80	0.09%	-0.41%	2.71%	6.06%	9.68%
ICICI Pru Balanced Advantage Fund - Dir (IDCW-M)	72486.28	0.63%	1.34%	1.91%	6.01%	12.17%
ICICI Pru Balanced Advantage Fund - Dir (IDCW)	72486.28	0.61%	1.33%	1.93%	6.01%	12.05%

List of Schemes under Mahindra Manulife Mutual Fund

Fund Name	Category	Risk	1Y Returns	Ratings	Fund Size (Cr)
Mahindra Manulife Multi Cap Fund	Equity	Very High	6.6%	3	₹0.00
Mahindra Manulife Large Cap Fund	Equity	Very High	-2.84%	4	₹699.82
Mahindra Manulife Large & Mid Cap Fund	Equity	Very High	1.42%	3	₹2,763.07
Mahindra Manulife Mid Cap Fund	Equity	Very High	9.9%	4	₹5,075.66
Mahindra Manulife Small Cap Fund	Equity	Very High	9.64%	0	₹4,930.36
Mahindra Manulife Focused Fund	Equity	Very High	1.8%	4	₹2,197.89
Mahindra Manulife Consumption Fund	Equity	Very High	-1.97%	2	₹494.00
Mahindra Manulife Manufacturing Fund	Equity	Very High	7.08%	0	₹677.34
Mahindra Manulife Banking & Financial Services Fund	Equity	Very High	8.34%	0	₹450.83
Mahindra Manulife Innovation Opportunities Fund	Equity	Very High	0%	0	₹205.55
Mahindra Manulife ELSS Tax Saver Fund	Equity	Very High	-2.99%	3	₹884.16
Mahindra Manulife Overnight Fund	Debt	Low	5.32%	3	₹249.44
Mahindra Manulife Liquid Fund	Debt	Moderate	6.37%	3	₹1,131.65
Mahindra Manulife Ultra Short Duration Fund	Debt	Moderately Low	6.47%	4	₹204.83
Mahindra Manulife Low Duration Fund	Debt	Moderate	6.36%	4	₹528.35
Mahindra Manulife Short Duration Fund	Debt	Moderate	6.06%	4	₹81.18
Mahindra Manulife Dynamic Bond Fund	Debt	Moderate	4.84%	3	₹54.40
Mahindra Manulife Aggressive Hybrid Fund	Hybrid	Very High	-0.37%	4	₹2,451.27
Mahindra Manulife Balanced Advantage Fund	Hybrid	Moderately High	2.9%	3	₹903.94
Mahindra Manulife Multi Asset Allocation Fund	Hybrid	High	15.19%	0	₹1,151.64
Mahindra Manulife Arbitrage Fund	Hybrid	Low	6.18%	2	₹126.38
Mahindra Manulife Equity Savings Fund	Hybrid	Moderately High	6.35%	2	₹530.48
Mahindra Manulife Asia Pacific REITs FOF	Other	Very High	17.58%	0	₹40.58
Mahindra Manulife Income Plus Arbitrage Active FOF	Other	Moderately Low	0%	0	₹18.10
Mahindra Manulife Flexi Cap Fund	Equity	Very High	-1.66%	4	₹1,559.38

News

Mahindra Manulife Mutual Fund announces change in fund manager under its schemes

Mahindra Manulife Mutual Fund has announced change in fund manager under the following schemes, With effect from 21 July 2026.

Change in Fund Manager:

Name of the Scheme(s)	Existing Fund Manager	New Fund Manager
Mahindra Manulife ELSS Tax Saver Fund	1. Ms. Fatema Pacha 2. Mr. Neelesh Dhamnaskar	Mr. Neelesh Dhamnaskar
Mahindra Manulife Flexi Cap Fund	1. Ms. Fatema Pacha 2. Mr. Neelesh Dhamnaskar	1. Mr. Neelesh Dhamnaskar 2. Ms. Kirti Dalvi
Mahindra Manulife Focused Fund	1. Mr. Krishna Sanghavi 2. Ms. Fatema Pacha	1. Mr. Krishna Sanghavi 2. Ms. Kirti Dalvi
Mahindra Manulife Large Cap Fund	1. Ms. Fatema Pacha 2. 2. Ms. Kirti Dalvi	Ms. Kirti Dalvi
Mahindra Manulife Multi Cap Fund	1. Mr. Vishal Jajoo 2. Ms. Fatema Pacha	1. Mr. Vishal Jajoo 2. Mr. Neelesh Dhamnaskar
Mahindra Manulife Consumption Fund	1. Mr. Navin Matta 2. Ms. Fatema Pacha	Mr. Navin Matta
Mahindra Manulife Aggressive Hybrid Fund	1. Ms. Fatema Pacha (Equity Portion) 2. Ms. Kirti Dalvi (Equity Portion) 3. Mr. Rahul Pal (Debt Portion) 4. Mr. Amit Garg (Debt Portion)	1. Ms. Kirti Dalvi (Equity Portion) 2. Mr. Vishal Jajoo (Equity Portion) 3. Mr. Rahul Pal (Debt Portion) 4. Mr. Amit Garg (Debt Portion)
Mahindra Manulife Balanced Advantage Fund	1. Mr. Neelesh Dhamnaskar (Equity Portion) 2. Ms. Fatema Pacha(Equity Portion) 3. Mr. Rahul Pal (Debt Portion) 4. Mr. Amit Garg (Debt Portion)	1. Mr. Neelesh Dhamnaskar (Equity Portion) 2. Mr. Rahul Pal (Debt Portion) 3. Mr. Amit Garg (Debt Portion)

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Mahindra Manulife MF announces Income Distribution cum Capital Withdrawal (IDCW) under its scheme
Mahindra Manulife Mutual Fund has announced 21 July 2026 as the record date for declaration of Income Distribution cum Capital Withdrawal (IDCW) option under the following schemes. The amount of IDCW (Rs per unit) on the face value of Rs 10 per unit will be:
Mahindra Manulife Arbitrage Fund:
Regular Plan ' IDCW: 0.60
Direct Plan ' IDCW: 0.60
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Mahindra Manulife MF announces Income Distribution cum Capital Withdrawal (IDCW) under its scheme
Mahindra Manulife Mutual Fund has announced 07 July 2026 as the record date for declaration of Income Distribution cum Capital Withdrawal (IDCW) option under the following schemes. The amount of IDCW (Rs per unit) on the face value of Rs 10 per unit will be:
Mahindra Manulife Aggressive Hybrid Fund:
Regular Plan Monthly ' IDCW: 0.18
Direct Plan Monthly ' IDCW: 0.18
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Fund House Details & Investment Objective

Date of Incorporation

December 9, 2021

Total AUM (Cr)

₹903.94

Mahindra Manulife Balanced Advantage Fund (G) is an Dynamic Asset Allocation or Balanced Advantage-oriented fund from the renowned AMC, Mahindra Manulife Mutual Fund. Launched in December 9, 2021, this fund is managed by Neelesh Dhamnaskar. With assets under management (AUM) worth ₹903.94 (Cr), as of July 23, 2026, Mahindra Manulife Balanced Advantage Fund (G) is categorized as a Dynamic Asset Allocation or Balanced Advantage within its segment. The fund has generated a return of 8.99% since its launch.
The current NAV of Mahindra Manulife Balanced Advantage Fund (G) is ₹14.71, as on July 23, 2026. The fund's benchmark index is Nifty 50 Hybrid Composite Debt 50:50 Index. You can invest in Mahindra Manulife Balanced Advantage Fund (G) via both lumpsum and SIP modes. The minimum SIP amount in the fund is ₹500 while the minimum lumpsum investment is ₹1,000.

Being an open-ended fund, you can exit the fund anytime subject to applicable exit loads:
The fund has generated 10.27% and undefined% CAGR in the last 3 and 5 years respectively.

The fund aims to provide long-term capital appreciation and growth, by investing in a mix of financial instruments 71.51% in Equity, 23.22% in Debt and 5.27% in cash and cash equivalents.
The top 5 sectors the fund invests in are: 24.93% in Debt, 16.59% in Banks, 5.55% in Pharmaceuticals & Biotech, 5.08% in Telecom-Services, 3.89% in Cash & Others

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