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Mahindra Manulife Balanced Advantage Fund Direct Growth
Hybrid
Dynamic Asset Allocation
Very High Risk
+14.95%
3Y annualised
-1.14% 1D
NAV: 08 Jan '26
₹15.79
Min. SIP amount
₹500
Fund size
₹934.52 Cr
Expense ratio
0.52%
Return calculator
Monthly SIP
One time
Monthly investment
₹5,000
| Over the past | Total investment | Would've become | Historic returns | Returns |
|---|---|---|---|---|
| 1 year | ₹60,000 | ₹62,797 | +4.66% | |
| 3 years | ₹1,80,000 | ₹2,16,341 | +20.19% |
Holdings (84)
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| JSW Steel Ltd. | Metals & Mining | Equity | 3.73% |
| National Bank For Agriculture & Rural Development | Financial | Bonds | 2.72% |
| Muthoot Finance Ltd. | Financial | Debenture | 2.72% |
| Nirma Ltd. | Consumer Staples | CP | 2.68% |
| Indus Towers Ltd. | Communication | Equity | 2.66% |
| Ultratech Cement Ltd. | Construction | Equity | 2.56% |
| ICICI Bank Ltd. | Financial | Equity | 2.53% |
| Reliance Industries Ltd. | Energy | Equity | 2.26% |
| State Bank of India | Financial | Equity | 2.25% |
| National Bank For Agriculture & Rural Development | Financial | Debenture | 2.20% |
| GOI | Sovereign | GOI Sec | 2.14% |
| Axis Bank Ltd. | Financial | Equity | 2.05% |
| Indusind Bank Ltd. | Financial | Equity | 1.89% |
| Bharti Airtel Ltd. | Communication | Equity | 1.80% |
| Divi's Laboratories Ltd. | Healthcare | Equity | 1.73% |
| Laurus Labs Ltd. | Healthcare | Equity | 1.68% |
| Glenmark Pharmaceuticals Ltd. | Healthcare | Equity | 1.67% |
| HDFC Bank Ltd. | Financial | Equity | 1.59% |
| Apollo Hospitals Enterprise Ltd. | Healthcare | Equity | 1.45% |
| Bajaj Finserv Ltd. | Financial | Equity | 1.39% |
| Infosys Ltd. | Technology | Equity | 1.34% |
| DLF Ltd. | Construction | Equity | 1.32% |
| Bajaj Finance Ltd. | Financial | Equity | 1.30% |
| Fortis Healthcare Ltd. | Healthcare | Equity | 1.28% |
| The Federal Bank Ltd. | Financial | Equity | 1.28% |
| Kaynes Technology India Ltd. | Capital Goods | Equity | 1.27% |
| HDFC Bank Ltd. | Financial | CD | 1.26% |
| Angel One Ltd. | Financial | Equity | 1.23% |
| Maruti Suzuki India Ltd. | Automobile | Equity | 1.16% |
| Aditya Vision Ltd. | Services | Equity | 1.11% |
| Bharti Telecom Ltd. | Communication | Debenture | 1.11% |
| Small Industries Devp. Bank of India Ltd. | Financial | Debenture | 1.09% |
| Bharat Heavy Electricals Ltd. | Capital Goods | Equity | 1.09% |
| GOI | Sovereign | GOI Sec | 1.07% |
| IDFC First Bank Ltd. | Financial | Equity | 1.07% |
| Mahindra & Mahindra Ltd. | Automobile | Equity | 1.05% |
| Coal India Ltd. | Energy | Equity | 1.05% |
| Bharat Electronics Ltd. | Capital Goods | Equity | 1.05% |
| Canara Bank | Financial | Equity | 1.02% |
| Indian Bank | Financial | Equity | 0.98% |
| Power Finance Corporation Ltd. | Financial | Debenture | 0.97% |
| GOI | Sovereign | GOI Sec | 0.95% |
| Dabur India Ltd. | Consumer Staples | Equity | 0.94% |
| Senores Pharmaceuticals Ltd. | Healthcare | Equity | 0.94% |
| Tega Industries Ltd. | Metals & Mining | Equity | 0.91% |
| RBL Bank Ltd. | Financial | Equity | 0.87% |
| REC Ltd. | Financial | Equity | 0.84% |
| SRF Ltd. | Chemicals | Equity | 0.81% |
| Godrej Properties Ltd. | Construction | Equity | 0.79% |
| Bajaj Auto Ltd. | Automobile | Equity | 0.78% |
| HDFC Asset Management Company Ltd. | Financial | Equity | 0.77% |
| JM Financial Services Pvt. Ltd. | Financial | Debenture | 0.75% |
| Mahanagar Gas Ltd. | Energy | Equity | 0.72% |
| Kajaria Ceramics Ltd. | Construction | Equity | 0.71% |
| Bosch Ltd. | Automobile | Equity | 0.70% |
| Oracle Financial Services Software Ltd. | Technology | Equity | 0.69% |
| Wipro Ltd. | Technology | Equity | 0.69% |
| Cholamandalam Financial Holdings Ltd. | Financial | Equity | 0.64% |
| Aditya Birla Sun Life AMC Ltd. | Financial | Equity | 0.63% |
| Vishal Mega Mart Ltd. | Services | Equity | 0.58% |
| Mankind Pharma Ltd. | Healthcare | Equity | 0.58% |
| IIFL Finance Ltd. | Financial | Equity | 0.56% |
| LTIMindtree Ltd. | Technology | Equity | 0.56% |
| Sri Lotus Developers and Realty Ltd. | Construction | Equity | 0.55% |
| Embassy Office Parks REIT | Construction | Bonds | 0.55% |
| ICICI Lombard General Insurance Company Ltd. | Insurance | Equity | 0.55% |
| National Bank For Agriculture & Rural Development | Financial | Debenture | 0.54% |
| LIC Housing Finance Ltd. | Financial | FRB | 0.54% |
| Maharashtra State | Others | SDL | 0.54% |
| TVS Credit Services Ltd. | Financial | NCD | 0.54% |
| National Bank For Agriculture & Rural Development | Financial | CD | 0.53% |
| SBI Cards And Payment Services Ltd. | Financial | CP | 0.53% |
| JSW Energy Ltd. | Capital Goods | Equity | 0.51% |
| Crisil Ltd. | Services | Equity | 0.51% |
| AWL Agri Business Ltd. | Consumer Staples | Equity | 0.47% |
| Hindustan Aeronautics Ltd. | Capital Goods | Equity | 0.39% |
| Polycab India Ltd. | Capital Goods | Equity | 0.36% |
| Arvind Fashions Ltd. | Textiles | Equity | 0.27% |
| Oswal Pumps Ltd. | Capital Goods | Equity | 0.23% |
| ABB India Ltd. | Capital Goods | Equity | 0.00% |
| Tata Motors Passenger Vehicles Ltd. | Automobile | Equity | 0.00% |
| Tata Motors Ltd. | Automobile | Equity | 0.00% |
| REC Ltd. | Financial | Futures | -0.84% |
| Bajaj Finance Ltd. | Financial | Futures | -1.26% |
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 | +1.3% | +6.9% | +14.9% | +12.0% |
| Category average (Hybrid Dynamic Asset Allocation) | +1.0% | +4.6% | +11.9% | -- |
| Rank (Hybrid Dynamic Asset Allocation) | -- | 17 | 6 | -- |
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 | +8.03% | +18.60% | 1,07,971.20 | |
SBI Balanced Advantage Fund Direct Growth | +9.89% | +15.09% | 39,337.41 | |
ICICI Prudential Balanced Advantage Direct Growth | +12.65% | +14.44% | 70,534.59 | |
DSP Dynamic Asset Allocation Fund Direct Growth | +9.54% | +14.16% | 3,635.61 | |
Nippon India Balanced Advantage Fund Direct Growth | +8.23% | +13.89% | 9,724.68 | |
| Compare | ||||
Fund management
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. Amit Garg 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 08 Jan 2026 is ₹15.79.
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.
;
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,