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Mahindra Manulife Balanced Advantage Fund Direct Growth
Hybrid
Dynamic Asset Allocation
Very High Risk
+15.12%
3Y annualised
+0.22% 1D
NAV: 20 Feb '26
₹15.73
Min. for SIP
₹500
Fund size
₹912.79 Cr
Expense ratio
0.58%
Return calculator
Monthly investment
₹5,000
| Over the past | Total investment | Would've become | Historic returns | Returns |
|---|---|---|---|---|
| 3 months | ₹15,000 | ₹15,158 | +1.05% | |
| 1 year | ₹60,000 | ₹62,797 | +4.66% | |
| 3 years | ₹1,80,000 | ₹2,16,341 | +20.19% |
Holdings (83)
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| ICICI Bank Ltd. | Financial | Equity | 3.34% |
| Indus Towers Ltd. | Communication | Equity | 3.02% |
| HDFC Bank Ltd. | Financial | Equity | 3.02% |
| JSW Steel Ltd. | Metals & Mining | Equity | 3.00% |
| Ultratech Cement Ltd. | Construction | Equity | 2.86% |
| Muthoot Finance Ltd. | Financial | Debenture | 2.76% |
| National Bank For Agriculture & Rural Development | Financial | Bonds | 2.76% |
| State Bank of India | Financial | Equity | 2.54% |
| Axis Bank Ltd. | Financial | Equity | 2.25% |
| National Bank For Agriculture & Rural Development | Financial | Debenture | 2.21% |
| GOI | Sovereign | GOI Sec | 2.16% |
| Reliance Industries Ltd. | Energy | Equity | 2.06% |
| Indusind Bank Ltd. | Financial | Equity | 2.02% |
| Glenmark Pharmaceuticals Ltd. | Healthcare | Equity | 1.77% |
| Bharti Airtel Ltd. | Communication | Equity | 1.73% |
| Infosys Ltd. | Technology | Equity | 1.67% |
| Divi's Laboratories Ltd. | Healthcare | Equity | 1.66% |
| Tech Mahindra Ltd. | Technology | Equity | 1.60% |
| Apollo Hospitals Enterprise Ltd. | Healthcare | Equity | 1.41% |
| Bajaj Finserv Ltd. | Financial | Equity | 1.33% |
| The Federal Bank Ltd. | Financial | Equity | 1.32% |
| HDFC Bank Ltd. | Financial | CD | 1.30% |
| Coal India Ltd. | Energy | Equity | 1.26% |
| Grasim Industries Ltd. | Construction | Equity | 1.24% |
| REC Ltd. | Financial | Equity | 1.23% |
| Fortis Healthcare Ltd. | Healthcare | Equity | 1.21% |
| Bajaj Finance Ltd. | Financial | Equity | 1.19% |
| Bharat Electronics Ltd. | Capital Goods | Equity | 1.17% |
| Laurus Labs Ltd. | Healthcare | Equity | 1.16% |
| IDFC First Bank Ltd. | Financial | Equity | 1.14% |
| Bharti Telecom Ltd. | Communication | Debenture | 1.12% |
| Small Industries Devp. Bank of India Ltd. | Financial | Debenture | 1.10% |
| DSP Finance Pvt Ltd. | Financial | CP | 1.09% |
| Maruti Suzuki India Ltd. | Automobile | Equity | 1.09% |
| GOI | Sovereign | GOI Sec | 1.08% |
| Aditya Vision Ltd. | Services | Equity | 1.08% |
| Mindspace Business Parks REIT | Construction | Debenture | 1.08% |
| Maharashtra State | Others | SDL | 1.06% |
| Indian Bank | Financial | Equity | 1.05% |
| LTIMindtree Ltd. | Technology | Equity | 1.05% |
| Canara Bank | Financial | Equity | 1.02% |
| Bharat Heavy Electricals Ltd. | Capital Goods | Equity | 1.01% |
| Mahindra & Mahindra Ltd. | Automobile | Equity | 0.98% |
| Wipro Ltd. | Technology | Equity | 0.93% |
| Senores Pharmaceuticals Ltd. | Healthcare | Equity | 0.92% |
| Bajaj Auto Ltd. | Automobile | Equity | 0.84% |
| Angel One Ltd. | Financial | Equity | 0.83% |
| Tega Industries Ltd. | Metals & Mining | Equity | 0.82% |
| SRF Ltd. | Chemicals | Equity | 0.80% |
| JM Financial Services Pvt. Ltd. | Financial | Debenture | 0.76% |
| HDFC Asset Management Company Ltd. | Financial | Equity | 0.74% |
| Bosch Ltd. | Automobile | Equity | 0.72% |
| Aditya Birla Sun Life AMC Ltd. | Financial | Equity | 0.67% |
| Kaynes Technology India Ltd. | Capital Goods | Equity | 0.66% |
| DLF Ltd. | Construction | Equity | 0.66% |
| Larsen & Toubro Ltd. | Construction | Equity | 0.65% |
| Mahanagar Gas Ltd. | Energy | Equity | 0.64% |
| Kajaria Ceramics Ltd. | Construction | Equity | 0.61% |
| Godrej Properties Ltd. | Construction | Equity | 0.60% |
| Cholamandalam Financial Holdings Ltd. | Financial | Equity | 0.59% |
| Mankind Pharma Ltd. | Healthcare | Equity | 0.56% |
| Embassy Office Parks REIT | Construction | Bonds | 0.55% |
| Crisil Ltd. | Services | Equity | 0.55% |
| TVS Credit Services Ltd. | Financial | NCD | 0.55% |
| Vishal Mega Mart Ltd. | Services | Equity | 0.55% |
| LIC Housing Finance Ltd. | Financial | FRB | 0.55% |
| Maharashtra State | Others | SDL | 0.54% |
| IIFL Finance Ltd. | Financial | Equity | 0.52% |
| ICICI Lombard General Insurance Company Ltd. | Insurance | Equity | 0.52% |
| JSW Energy Ltd. | Capital Goods | Equity | 0.49% |
| Hindustan Aeronautics Ltd. | Capital Goods | Equity | 0.40% |
| AWL Agri Business Ltd. | Consumer Staples | Equity | 0.40% |
| Polycab India Ltd. | Capital Goods | Equity | 0.35% |
| Bank Of Baroda | Financial | CD | 0.32% |
| Arvind Fashions Ltd. | Textiles | Equity | 0.26% |
| Sri Lotus Developers and Realty Ltd. | Construction | Equity | 0.25% |
| Oswal Pumps Ltd. | Capital Goods | Equity | 0.17% |
| Dabur India Ltd. | Consumer Staples | Equity | 0.15% |
| ICICI Prudential Asset Management Company Ltd. | Financial | Equity | 0.04% |
| Tata Motors Ltd. | Automobile | Equity | 0.00% |
| ABB India Ltd. | Capital Goods | Equity | 0.00% |
| Tata Motors Passenger Vehicles Ltd. | Automobile | Equity | 0.00% |
| Bajaj Finance Ltd. | Financial | Futures | -1.15% |
See All
Minimum investments
Min. for 1st investment
₹1,000
Min. for 2nd investment
₹1,000
Min. for SIP
₹500
Returns and rankings
Annualised returns
Absolute returns
| Name | 6M | 1Y | 3Y | All |
|---|---|---|---|---|
| Fund returns | +2.2% | +11.1% | +15.1% | +11.5% |
| Category average (Hybrid Dynamic Asset Allocation) | +1.0% | +4.6% | +11.9% | -- |
| Rank (Hybrid Dynamic Asset Allocation) | -- | 10 | 5 | -- |
Exit load, stamp duty and tax
Exit load
Exit load for units in excess of 10% of the investment 1% will be charged for redemption within 3 months.
Stamp duty on investment: 0.005% (from July 1st, 2020)
from July 1st 2020
Tax implication
If you redeem within one year, returns are taxed at 20%. If you redeem after one year, returns exceeding Rs 1.25 lakh in a financial year are taxed at 12.5%.
Check past data
Compare similar funds
| Name | 1Y | 3Y | Fund Size(Cr) | |
|---|---|---|---|---|
HDFC Balanced Advantage Fund Direct Growth | +11.56% | +18.62% | 1,06,820.61 | |
SBI Balanced Advantage Fund Direct Growth | +12.24% | +15.08% | 40,202.72 | |
Nippon India Balanced Advantage Fund Direct Growth | +11.43% | +14.23% | 9,597.81 | |
ICICI Prudential Balanced Advantage Direct Growth | +13.64% | +14.19% | 70,343.40 | |
DSP Dynamic Asset Allocation Fund Direct Growth | +11.20% | +13.66% | 3,701.59 | |
| Compare | ||||
Fund management
NDNeelesh DhamnaskarFeb 2026 - PresentView details
ND
Neelesh Dhamnaskar
Feb 2026 - Present
View details
AGAmit GargJan 2026 - PresentView details
AG
Amit Garg
Jan 2026 - Present
View details
About Mahindra Manulife Balanced Advantage Fund Direct Growth
Mahindra Manulife Balanced Advantage Fund Direct Growth is a Hybrid Mutual Fund Scheme launched by Mahindra Mutual Fund. This scheme was made available to investors on 04 Feb 2016. Neelesh Dhamnaskar is the Current Fund Manager of Mahindra Manulife Balanced Advantage Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹4,742 Cr and the Latest NAV as of 20 Feb 2026 is ₹15.73.
The Mahindra Manulife Balanced Advantage Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹500. Minimum Lumpsum Investment is ₹1,000. Exit load for units in excess of 10% of the investment 1% will be charged for redemption within 3 months.
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Investment Objective
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.
Fund benchmarkNIFTY 50 Hybrid Composite Debt 50:50 Index
Fund house
Rank (total assets)#28 in India
Total AUM₹4,742.00 Cr
Date of Incorporation04 Feb 2016
Launch Date04 Feb 2016
Address1st Floor, Sadhana House, Behind Mahindra Tower, 570 P. B. Marg, Worli, Mumbai 400018
Websitewww.camsonline.com
Address7th Floor, Tower II, Rayala Towers, 158, Anna Salai,