Mahindra Manulife Balanced Advantage Fund (IDCW)

Mahindra Manulife Balanced Advantage Fund (IDCW) is an Dynamic Asset Allocation or Balanced Advantage-oriented fund from the renowned AMC, Mahindra Manulife Mutual Fund. Launched in 9 December 2021, this fund is managed by Manish Lodha. With assets under management (AUM) worth ₹932.65 (Cr), as of 5 August 2025, Mahindra Manulife Balanced Advantage Fund (IDCW) is categorized as a Dynamic Asset Allocation or Balanced Advantage within its segment. The fund has generated a return of 10.48% since its launch.
The current NAV of Mahindra Manulife Balanced Advantage Fund (IDCW) is ₹12.16, as on 5 August 2025. The fund's benchmark index is Nifty 50 Hybrid Composite Debt 50:50 Index. You can invest in Mahindra Manulife Balanced Advantage Fund (IDCW) 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:
10% of the units allotted shall be redeemed without any exit load, on or before completion of 3 months from the date of allotment of Units. An exit load of 1% is payable if Units are redeemed / switched-out on or before completion of 3 months from the date of allotment of Units; Nil - If Units are redeemed / switched-out after completion of 3 months from the date of allotment of Units. The fund has generated 13.00% 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 67.74% in Equity, 26.33% in Debt and 5.93% in cash and cash equivalents.
The top 5 sectors the fund invests in are: 22.29% in Debt, 19.52% in Cash & Others, 11.75% in Banks, 9.78% in Finance, 6.64% in Petroleum Products