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 ₹923.06 (Cr), as of 28 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 9.99% since its launch.
The current NAV of Mahindra Manulife Balanced Advantage Fund (IDCW) is ₹11.97, as on 28 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 12.17% 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 70.38% in Equity, 24.90% in Debt and 4.72% in cash and cash equivalents.
The top 5 sectors the fund invests in are: 24.90% in Debt, 14.49% in Banks, 7.55% in Finance, 7.05% in Pharmaceuticals & Biotech, 6.82% in Cash & Others