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Invest in direct mutual funds at zero charges via lump sump investments or SIPs
Mahindra Manulife Balanced Advantage Fund Direct Growth
+12.61%
3Y annualised
-0.05% 1D
NAV: 02 Apr '26
₹14.60
Min. for SIP
₹500
Fund size (AUM)
₹912.31 Cr
Expense ratio
0.68%
Rating
3
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% | |
| 6 months | ₹30,000 | ₹30,510 | +1.70% | |
| 1 year | ₹60,000 | ₹62,797 | +4.66% | |
| 3 years | ₹1,80,000 | ₹2,16,341 | +20.19% |
Holdings (80)
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| ICICI Bank Ltd. | Financial | Equity | 3.40% |
| JSW Steel Ltd. | Metals & Mining | Equity | 3.12% |
| Indus Towers Ltd. | Communication | Equity | 3.09% |
| HDFC Bank Ltd. | Financial | Equity | 2.89% |
| Ultratech Cement Ltd. | Construction | Equity | 2.86% |
| State Bank of India | Financial | Equity | 2.83% |
| Muthoot Finance Ltd. | Financial | Debenture | 2.77% |
| National Bank For Agriculture & Rural Development | Financial | Bonds | 2.76% |
| Axis Bank Ltd. | Financial | Equity | 2.28% |
| National Bank For Agriculture & Rural Development | Financial | Debenture | 2.22% |
| GOI | Sovereign | GOI Sec | 2.17% |
| Indusind Bank Ltd. | Financial | Equity | 2.16% |
| Reliance Industries Ltd. | Energy | Equity | 2.06% |
| Bharti Airtel Ltd. | Communication | Equity | 1.65% |
| Apollo Hospitals Enterprise Ltd. | Healthcare | Equity | 1.59% |
| Glenmark Pharmaceuticals Ltd. | Healthcare | Equity | 1.41% |
| The Federal Bank Ltd. | Financial | Equity | 1.38% |
| Bajaj Finserv Ltd. | Financial | Equity | 1.35% |
| Fortis Healthcare Ltd. | Healthcare | Equity | 1.34% |
| Infosys Ltd. | Technology | Equity | 1.33% |
| HDFC Bank Ltd. | Financial | CD | 1.30% |
| Laurus Labs Ltd. | Healthcare | Equity | 1.30% |
| Bajaj Finance Ltd. | Financial | Equity | 1.28% |
| Mahindra & Mahindra Ltd. | Automobile | Equity | 1.27% |
| Tech Mahindra Ltd. | Technology | Equity | 1.25% |
| Coal India Ltd. | Energy | Equity | 1.23% |
| Divi's Laboratories Ltd. | Healthcare | Equity | 1.23% |
| Grasim Industries Ltd. | Construction | Equity | 1.23% |
| REC Ltd. | Financial | Equity | 1.19% |
| Bharat Electronics Ltd. | Capital Goods | Equity | 1.16% |
| Indian Bank | Financial | Equity | 1.14% |
| Bharti Telecom Ltd. | Communication | Debenture | 1.13% |
| Muthoot Finance Ltd. | Financial | Debenture | 1.11% |
| Maruti Suzuki India Ltd. | Automobile | Equity | 1.11% |
| Small Industries Devp. Bank of India Ltd. | Financial | Debenture | 1.11% |
| Small Industries Devp. Bank of India Ltd. | Financial | Bonds | 1.10% |
| Mindspace Business Parks REIT | Construction | Debenture | 1.09% |
| Canara Bank | Financial | Equity | 1.09% |
| DSP Finance Pvt Ltd. | Financial | CP | 1.09% |
| GOI | Sovereign | GOI Sec | 1.08% |
| Maharashtra State | Others | SDL | 1.06% |
| Aditya Vision Ltd. | Services | Equity | 1.05% |
| Bharat Heavy Electricals Ltd. | Capital Goods | Equity | 1.02% |
| IDFC First Bank Ltd. | Financial | Equity | 1.01% |
| Senores Pharmaceuticals Ltd. | Healthcare | Equity | 0.90% |
| Tega Industries Ltd. | Metals & Mining | Equity | 0.88% |
| Bajaj Auto Ltd. | Automobile | Equity | 0.87% |
| HDFC Asset Management Company Ltd. | Financial | Equity | 0.80% |
| LTIMindtree Ltd. | Technology | Equity | 0.79% |
| Aditya Birla Sun Life AMC Ltd. | Financial | Equity | 0.78% |
| JM Financial Services Pvt. Ltd. | Financial | Debenture | 0.76% |
| Mahanagar Gas Ltd. | Energy | Equity | 0.74% |
| SRF Ltd. | Chemicals | Equity | 0.73% |
| Bosch Ltd. | Automobile | Equity | 0.72% |
| Larsen & Toubro Ltd. | Construction | Equity | 0.70% |
| Kajaria Ceramics Ltd. | Construction | Equity | 0.65% |
| The Phoenix Mills Ltd. | Construction | Equity | 0.64% |
| Cholamandalam Financial Holdings Ltd. | Financial | Equity | 0.58% |
| Embassy Office Parks REIT | Construction | Bonds | 0.56% |
| TVS Credit Services Ltd. | Financial | NCD | 0.56% |
| ICICI Lombard General Insurance Company Ltd. | Insurance | Equity | 0.54% |
| Maharashtra State | Others | SDL | 0.54% |
| JSW Energy Ltd. | Capital Goods | Equity | 0.52% |
| Vishal Mega Mart Ltd. | Services | Equity | 0.52% |
| Crisil Ltd. | Services | Equity | 0.51% |
| IIFL Finance Ltd. | Financial | Equity | 0.49% |
| Torrent Pharmaceuticals Ltd. | Healthcare | Equity | 0.44% |
| Polycab India Ltd. | Capital Goods | Equity | 0.42% |
| Hindustan Aeronautics Ltd. | Capital Goods | Equity | 0.34% |
| Bank Of Baroda | Financial | CD | 0.32% |
| National Bank For Agriculture & Rural Development | Financial | Bonds | 0.28% |
| Arvind Fashions Ltd. | Textiles | Equity | 0.24% |
| Sri Lotus Developers and Realty Ltd. | Construction | Equity | 0.23% |
| REC Ltd. | Financial | NCD | 0.16% |
| Dabur India Ltd. | Consumer Staples | Equity | 0.15% |
| ICICI Prudential Asset Management Company Ltd. | Financial | Equity | 0.05% |
| 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 | -1.23% |
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 | -4.8% | +1.6% | +12.6% | +9.3% |
| Category average (Hybrid Dynamic Asset Allocation) | +1.0% | +4.6% | +11.9% | -- |
| Rank (Hybrid Dynamic Asset Allocation) | -- | 17 | 10 | -- |
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
Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.
Check past data
Compare similar funds
| Name | 1Y | 3Y | Fund Size(Cr) | |
|---|---|---|---|---|
HDFC Balanced Advantage Fund Direct Growth | +0.42% | +15.46% | 1,07,589.67 | |
SBI Balanced Advantage Fund Direct Growth | +3.89% | +12.73% | 40,952.47 | |
DSP Dynamic Asset Allocation Fund Direct Growth | +3.52% | +12.65% | 3,731.96 | |
ICICI Prudential Balanced Advantage Direct Growth | +5.95% | +12.09% | 71,150.75 | |
Nippon India Balanced Advantage Fund Direct Growth | +2.50% | +12.04% | 9,687.94 | |
| 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 02 Apr 2026 is ₹14.60.
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,