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: 4/5 — ranked #9 of 37 in category.
Fund basics
| Category | Hybrid: Balanced Advantage |
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| NAV | ₹14.12 (as of 2026-10-23) |
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| AUM | ₹879 Cr |
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| Expense ratio | 1.97% |
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| Riskometer | Very High |
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| Fund manager | Hemang Kapasi |
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| Exit load | For units in excess of 10% of the investment, 1% will be charged for redemption within 3 months |
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Performance & risk
| Sharpe ratio | 0.29 |
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| Standard deviation | 10.54% |
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| Max drawdown | −10.41% |
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| Alpha | 0 |
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| Beta | 0 |
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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 | 60.6% |
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| Mid cap | 26.7% |
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| Small cap | 12.7% |
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Concentration
| Top 5 holdings | 13.0% |
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| Top 10 holdings | 22.9% |
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| Total holdings | 58 |
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Top holdings
- Triparty Repo — 4.3%
- ICICI Bank Ltd. — 3.9%
- 7.71% Government of India 2066 — 3.4%
- 8.52% Muthoot Finance Limited 2028 — 2.8%
- 7.44% National Bank For Agriculture and Rural Development 2029 — 2.8%
- Bharti Airtel Ltd. — 2.4%
- HDFC Bank Ltd. — 2.3%
- Reliance Industries Ltd — 2.2%
- Eternal Limited — 2.2%
- Brookfield India Real Estate Trust — 2.2%
Top sectors
Not disclosed.
Calendar-year track record
| Year | Return | Quartile | Category rank |
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| 2026 (partial) | −3.7% | Q2 | #11 of 35 |
| 2025 | 4.1% | Q3 | #26 of 34 |
| 2024 | 14.1% | Q2 | #11 of 30 |
| 2023 | 19.9% | Q2 | #8 of 26 |