Mahindra Manulife Balanced Advantage Fund
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.
Growthvine rating: 3/5 — ranked #11 of 35 in category.
Fund basics
| Category | Hybrid: Balanced Advantage |
|---|
| NAV | ₹14.34 (as of 2026-10-01) |
|---|
| AUM | ₹917 Cr |
|---|
| Expense ratio | 1.95% |
|---|
| Riskometer | Very High |
|---|
| Fund manager | Neelesh Dhamnaskar |
|---|
| Exit load | For units in excess of 10% of the investment, 1% will be charged for redemption within 3 months |
|---|
Performance & risk
| Sharpe ratio | 0.47 |
|---|
| Standard deviation | 10.08% |
|---|
| Max drawdown | −10.41% |
|---|
| Alpha | 0 |
|---|
| Beta | 0 |
|---|
Over 5 years, captured 115.0% of NIFTY 50 Hybrid Composite Debt 50:50 Index's upside and 104.0% of its downside.
Market cap allocation
| Large cap | 60.0% |
|---|
| Mid cap | 27.1% |
|---|
| Small cap | 12.8% |
|---|
Concentration
| Top 5 holdings | 13.2% |
|---|
| Top 10 holdings | 23.3% |
|---|
| Total holdings | 59 |
|---|
Top holdings
- ICICI Bank Ltd. — 4.1%
- Triparty Repo — 3.5%
- 8.52% Muthoot Finance Limited 2028 — 2.7%
- 7.44% National Bank For Agriculture and Rural Development 2029 — 2.7%
- Bharti Airtel Ltd. — 2.3%
- Reliance Industries Ltd — 2.3%
- IndusInd Bank Ltd. — 2.3%
- HDFC Bank Ltd. — 2.2%
- 7.71% Government of India 2066 — 2.2%
- Eternal Limited — 2.2%
Top sectors
Not disclosed.
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | −2.2% | Q1 (Top) | #9 of 35 |
| 2025 | 4.1% | Q3 | #26 of 34 |
| 2024 | 14.1% | Q2 | #11 of 30 |
| 2023 | 19.9% | Q2 | #8 of 26 |