Mahindra Manulife Balanced Advantage Fund
NAV
₹15.73
as of 6 Oct 2026
Mahindra Manulife Balanced Advantage Fund is an open-ended Dynamic Asset Allocation or Balanced Advantage scheme from Mahindra Manulife Mutual Fund managing ₹917 crore (as of 31 Jul 2026). Its Direct-plan NAV is ₹15.73 as of 6 Oct 2026. The expense ratio is 0.85% a year. Managed by Rahul Pal. This page is factual data only – it carries no rating and no recommendation.
Key facts
- Expense ratio
- 0.85% / yr
- as of 31 Aug 2026
- Fund size
- ₹917 crore
- as of 31 Jul 2026
- Exit load
- 1%
- SIP available
- Yes
- Launched
- 30 Dec 2021
- ISIN
- INF174V01BE0
₹100 invested, fund vs category
The category line is the average of the funds in this category, built from nyvo’s own NAV data.
Rebased to 100data to 5 Oct 2026Benchmark: Hybrid Balanced Benchmark
Mahindra Manulife Balanced Advantage Fund
₹156
+56% on ₹100 over 4.8 yrs
Dynamic Asset Allocation or Balanced Advantage average
₹152
+52% on ₹100 over 4.8 yrs
Returns vs category
| Window | Fund | Category avg | Gap |
|---|---|---|---|
| 3 months | -2.59% | -2.70% | +0.11 |
| 6 months | 3.01% | 4.87% | -1.86 |
| 1 year | 1.16% | 0.33% | +0.83 |
| 3 years (CAGR) | 10.44% | 9.21% | +1.23 |
| 5 years (CAGR) | 9.85% | 8.28% | +1.57 |
Category average across 28 funds, as of 5 Oct 2026. Short windows are noise; the 3 and 5-year rows are the record. Past returns do not predict future returns.
A single return number depends on its start date. These are ALL the overlapping holding periods, so the worst case is visible – read that number first.
1-year holding periods
- Worst
- 0.6%
- Median
- 7.2%
- Best
- 33.6%
47 windows over the last 58 months, stepped monthly; 100% ended positive. Worst window began 1 Oct 2024. Windows overlap – this is the range of past start dates, not a probability of anything.
3-year holding periods (per year)
- Worst
- 10.1%
- Median
- 14.2%
- Best
- 17.8%
23 windows over the last 58 months, stepped monthly; 100% ended positive. Worst window began 3 Oct 2023. Windows overlap – this is the range of past start dates, not a probability of anything.
Risk, measured
- Sharpe ratio (3Y)
- 0.58
- Sortino ratio (3Y)
- 0.87 vs category 0.62
- Standard deviation (3Y)
- 10.09%
- Beta (3Y)
- 1.19
- Alpha (3Y)
- 2.07%
Distance below its own peak
Every dip below 0 is the fund trading under a previous high – how deep and for how long is what a drawdown feels like.
Deepest fall
-9.2%
Right now
-4.7% below peak
Ahead of its benchmark in 56% of months (window: 3y, monthly) – benchmark: Hybrid Balanced Benchmark, name shown only.
Where the money actually is
Equity
71.5%
Bonds
21.8%
Cash
6.8%
Whole-portfolio split, as of 31 Jul 2026. The size split below covers only the equity slice of this.
What it owns
85 positions · top 10 = 25.1%
Market-cap mix (equity sleeve)
Large 43.4%Mid 19.4%Small 8.6%Other 28.6%
as of 31 Jul 2026
Holdings by sector
Financial Services(4 in top 10)23.2%
- ICICI Bank Ltd4.03%
- HDFC Bank Ltd2.38%
- IndusInd Bank Ltd2.27%
- Axis Bank Ltd2.01%
- Consumer Cyclical10.0%
- Healthcare9.5%
- Industrials7.6%
Energy(1 in top 10)4.5%
- Reliance Industries Ltd2.35%
- Technology3.9%
Real Estate(1 in top 10)3.3%
- Brookfield India Real Estate Trust2.11%
Communication Services(1 in top 10)3.2%
- Bharti Airtel Ltd2.54%
Sectors marked ▶ expand to show this fund’s top-10 holdings in that sector. Holdings as of 31 Jul 2026. Portfolio turnover 164.9% vs category 112.8% a year.
Other top holdings
- Triparty Repo5.16%
- National Bank For Agriculture And Rural Developmentmatures 17 Jul 20292.73%
- Muthoot Finance Limitedmatures 7 Apr 20282.72%
Exposure figures are gross: funds that use derivatives (arbitrage, hedged books) hold offsetting positions, so concentration and turnover can read above 100%.
The debt it holds (debt sleeve)
- Yield to maturity
- 7.26% vs category 6.89%
- Modified duration
- 2.69 yrs vs category 2.35 yrs
- Average maturity
- 2.82 yrs vs category 3.80 yrs
- Average coupon
- 7.79%
- Government securities
- 8.9%
Credit quality
- AAA
- 64.2%
- AA
- 35.8%
Government securities are counted inside AAA by the data provider’s ladder; the sovereign share is listed separately above. Credit quality as of 31 Jul 2026.
Portfolio characteristics as of 31 Jul 2026. Yield to maturity is what the portfolio would return if every holding were held to maturity and paid in full. It is not a forecast of the fund’s return, and it is quoted before expenses.
Money in, money out
- Net flow, 12 months
- −₹37 cr
- Net flow, 3 months
- −₹9 cr
as of 31 Jul 2026. Flows follow performance more than they predict it.
Quick answers
- What is the NAV of Mahindra Manulife Balanced Advantage Fund?
- ₹15.73 per unit as of 6 Oct 2026 (Direct plan, growth). NAV is declared daily on working days.
- What is the expense ratio of Mahindra Manulife Balanced Advantage Fund?
- 0.85% a year for the Direct plan, as of 31 Aug 2026.
- How large is Mahindra Manulife Balanced Advantage Fund?
- ₹917 crore under management as of 31 Jul 2026, in the Dynamic Asset Allocation or Balanced Advantage category.
- How risky is Mahindra Manulife Balanced Advantage Fund?
- Its SEBI Riskometer reading is "Very High Risk". The fund shifts between equity, debt and sometimes gold so you do not have to.
- What are the 5-year returns of Mahindra Manulife Balanced Advantage Fund?
- 9.85% a year over the last 5 years (Direct plan, CAGR), against a Dynamic Asset Allocation or Balanced Advantage average of 8.28%. Past returns do not predict future returns.
- What is the worst 3-year return of Mahindra Manulife Balanced Advantage Fund?
- 10.1% a year – the weakest of 23 overlapping 3-year holding periods, beginning 3 Oct 2023. The median was 14.2% and 100% of those windows ended positive. Windows overlap, so this is the range of past start dates, not a probability.
- Who manages Mahindra Manulife Balanced Advantage Fund?
- Rahul Pal, managing this fund for 4.7 years.
Where this fund sits
Its shelf, all funds
Ba · Balanced advantage →
The fund shifts between equity, debt and sometimes gold so you do not have to.
The money map
How big this shelf is in India →
The whole industry sized by real money, from AMFI’s monthly data.
Side by side
Compare this fund →
Put it next to any other fund – growth, returns, risk and cost in one table.
One bet or two?
Check its overlap →
See whether it owns the same stocks as your other funds.
Other Dynamic Asset Allocation or Balanced Advantage funds
- HDFC Balanced Advantage Fund₹1.07 lakh crore
- ICICI Prudential Balanced Advantage Fund₹75,399 crore
- SBI Balanced Advantage Fund₹41,803 crore
- Kotak Balanced Advantage Fund₹17,373 crore
- Canara Robeco Balanced Advantage Fund₹1,079 crore
- Invesco India Balanced Advantage Fund₹937 crore
- quant Dynamic Asset Allocation Fund₹880 crore
- PGIM India Balanced Advantage Fund₹759 crore
Data: nyvo research systems; each block above states its own as-of date, and blocks with no data for this fund are omitted rather than estimated. NAV updates daily on working days. The benchmark (Hybrid Balanced Benchmark) is named for reference only; its values are licensed and never shown. This page is factual information about one scheme. It is not investment advice, not a recommendation, and it carries no rating of any kind. Past performance does not predict future returns. Mutual fund investments are subject to market risks; read all scheme related documents carefully.