Mahindra Manulife Balanced Advantage Fund - Direct Plan IDCW | Mahindra Manulife Balanced Advantage Fund - Direct Plan NAV Today [11.83], Performance & History

Hybrid Dynamic Asset Allocation Direct

Regular

Direct

3 Year Absolute Returns

16.80% ↑

NAV (₹) on 19 Mar 2026

11.83

1 Day NAV Change

-2.17%

Risk Level

Very High Risk

Rating

★ ★ ★ ★ ☆

Mahindra Manulife Balanced Advantage Fund - Direct Plan is a Equity mutual fund categorized under Hybrid, offered by Mahindra Manulife Investment Management Pvt. Ltd.. Launched on 09 Dec 2021, ... Read more

NAV History

Fund Details

Min. SIP Amount

₹500

Inception Date

09 Dec 2021

Min. Lumpsum Amount

₹ 1,000

Fund Age

4 Yrs

AUM

₹ 912.31 Cr.

Benchmark

Nifty 50 Hybrid Composite Debt 50: 50 Index TRI

Expense Ratio

0.64%

Scheme Type

Open Ended

Exit Load

Returns Calculator

Investment amount per month

₹1,000

Over the past

Would have become

On total investment of

*Calculation based on past performance of this fund.

Asset Allocation

AUM

₹ 912.31 Cr

Equity

133.89%

Debt

44.78%

Money Market & Cash

14.92%

Other Assets & Liabilities

10.21%

Sector Holdings

Sectors	Weightage
Debt	15.61%
Finance - Banks - Private Sector	13.12%
Treps/Reverse Repo	6.74%
Pharmaceuticals	5.28%
Finance - Banks - Public Sector	5.06%
Government Securities	4.33%
Cement	4.09%
IT Consulting & Software	3.37%
Net Receivables/(Payables)	3.17%
Iron & Steel	3.12%
Telecom Equipment	3.09%
Hospitals & Medical Services	2.93%
Finance & Investments	2.72%
Auto - Cars & Jeeps	2.38%
Refineries	2.06%
Non-Banking Financial Company (NBFC)	1.77%
Telecom Services	1.65%
Finance - Mutual Funds	1.63%
Certificate of Deposits	1.62%
Aerospace & Defense	1.50%
Holding Company	1.35%
Mining/Minerals	1.23%
Finance - Term Lending Institutions	1.19%
Commercial Paper	1.09%
Retail - Speciality - Non Apparel	1.05%
Engineering - Heavy	1.02%
Engineering - General	0.88%
Auto - 2 & 3 Wheelers	0.87%
Realty	0.87%
LPG/CNG/PNG/LNG Bottling/Distribution	0.74%
Chemicals - Others	0.73%
Auto Ancl - Engine Parts	0.72%
Construction, Contracting & Engineering	0.70%
Ceramics/Tiles/Sanitaryware	0.65%
Finance - Non Life Insurance	0.54%
Power - Generation/Distribution	0.52%
Retail - Departmental Stores	0.52%
Services - Others	0.51%
Cables - Power/Others	0.42%
Textiles - Readymade Apparels	0.24%
Personal Care	0.15%

See All

Stock Holdings

Name	Weightage	Value (in Cr.)	Sector
Triparty Repo	6.74%	₹ 61.51	Others
ICICI Bank Limited	3.40%	₹ 31.03	Finance - Banks - Private Sector
Net Receivables / (Payables)	3.17%	₹ 28.78	Others
JSW Steel Limited	3.12%	₹ 28.48	Iron & Steel
Indus Towers Limited	3.09%	₹ 28.21	Telecom Equipment
HDFC Bank Limited	2.89%	₹ 26.37	Finance - Banks - Private Sector
UltraTech Cement Limited	2.86%	₹ 26.11	Cement
State Bank of India	2.83%	₹ 25.84	Finance - Banks - Public Sector
8.52% Muthoot Finance Limited 2028	2.77%	₹ 25.31	Others
7.53% National Bank For Agriculture and Rural Development 2028	2.76%	₹ 25.22	Others
Axis Bank Limited	2.28%	₹ 20.76	Finance - Banks - Private Sector
7.62% National Bank For Agriculture and Rural Development 2029	2.22%	₹ 20.27	Others
6.68% Government of India 2040	2.17%	₹ 19.82	Others
IndusInd Bank Limited	2.16%	₹ 19.71	Finance - Banks - Private Sector
Reliance Industries Limited	2.06%	₹ 18.82	Refineries
Bharti Airtel Limited	1.65%	₹ 15.03	Telecom Services
Apollo Hospitals Enterprise Limited	1.59%	₹ 14.47	Hospitals & Medical Services
Glenmark Pharmaceuticals Limited	1.41%	₹ 12.82	Pharmaceuticals
The Federal Bank Limited	1.38%	₹ 12.59	Finance - Banks - Private Sector
Bajaj Finserv Limited	1.35%	₹ 12.36	Holding Company
Fortis Healthcare Limited	1.34%	₹ 12.25	Hospitals & Medical Services
Infosys Limited	1.33%	₹ 12.10	IT Consulting & Software
Laurus Labs Limited	1.30%	₹ 11.83	Pharmaceuticals
HDFC Bank Limited 2026	1.30%	₹ 11.90	Others
Bajaj Finance Ltd	1.28%	₹ 11.65	Non-Banking Financial Company (NBFC)
Mahindra & Mahindra Limited	1.27%	₹ 11.55	Auto - Cars & Jeeps
Tech Mahindra Limited	1.25%	₹ 11.41	IT Consulting & Software
Divi's Laboratories Limited	1.23%	₹ 11.21	Pharmaceuticals
Grasim Industries Limited	1.23%	₹ 11.20	Cement
Coal India Limited	1.23%	₹ 11.20	Mining/Minerals
REC Limited	1.19%	₹ 10.82	Finance - Term Lending Institutions
Bharat Electronics Limited	1.16%	₹ 10.58	Aerospace & Defense
Indian Bank	1.14%	₹ 10.40	Finance - Banks - Public Sector
8.75% Bharti Telecom Limited 2028	1.13%	₹ 10.29	Others
8.52% Muthoot Finance Limited 2028	1.11%	₹ 10.13	Others
7.68% Small Industries Dev Bank of India 2027	1.11%	₹ 10.09	Others
Maruti Suzuki India Limited	1.11%	₹ 10.10	Auto - Cars & Jeeps
7.79% Small Industries Dev Bank of India 2027	1.10%	₹ 10.08	Others
Canara Bank	1.09%	₹ 9.91	Finance - Banks - Public Sector
DSP Finance Private Limited 2026	1.09%	₹ 9.98	Others
6.9601% Mindspace Business Parks REIT 2028	1.09%	₹ 9.95	Others
7.24% Government of India 2055	1.08%	₹ 9.88	Others
6.48% Government of India 2035	1.08%	₹ 9.87	Others
6.98% State Government Securities 2037	1.06%	₹ 9.70	Finance & Investments
Aditya Vision Ltd	1.05%	₹ 9.57	Retail - Speciality - Non Apparel
Bharat Heavy Electricals Limited	1.02%	₹ 9.27	Engineering - Heavy
IDFC First Bank Limited	1.01%	₹ 9.19	Finance - Banks - Private Sector
Senores Pharmaceuticals Limited	0.90%	₹ 8.18	Pharmaceuticals
Tega Industries Limited	0.88%	₹ 8	Engineering - General
Bajaj Auto Limited	0.87%	₹ 7.98	Auto - 2 & 3 Wheelers
HDFC Asset Management Company Limited	0.80%	₹ 7.29	Finance - Mutual Funds
LTIMindtree Limited	0.79%	₹ 7.18	IT Consulting & Software
Aditya Birla Sun Life AMC Limited	0.78%	₹ 7.15	Finance - Mutual Funds
8.3% JM Financial Services Limited 2027	0.76%	₹ 6.97	Others
Mahanagar Gas Limited	0.74%	₹ 6.79	LPG/CNG/PNG/LNG Bottling/Distribution
SRF Limited	0.73%	₹ 6.66	Chemicals - Others
Bosch Limited	0.72%	₹ 6.56	Auto Ancl - Engine Parts
Larsen & Toubro Limited	0.70%	₹ 6.42	Construction, Contracting & Engineering
Kajaria Ceramics Limited	0.65%	₹ 5.93	Ceramics/Tiles/Sanitaryware
The Phoenix Mills Limited	0.64%	₹ 5.81	Realty
Cholamandalam Financial Holdings Limited	0.58%	₹ 5.28	Finance & Investments
7.73% Embassy Office Parks REIT 2029	0.56%	₹ 5.08	Others
8.85% TVS Credit Services Limited 2027	0.56%	₹ 5.07	Others
ICICI Lombard General Insurance Company Limited	0.54%	₹ 4.94	Finance - Non Life Insurance
7.25% State Government Securities 2037	0.54%	₹ 4.95	Finance & Investments
7.2% State Government Securities 2036	0.54%	₹ 4.93	Finance & Investments
JSW Energy Limited	0.52%	₹ 4.78	Power - Generation/Distribution
Vishal Mega Mart Limited	0.52%	₹ 4.71	Retail - Departmental Stores
CRISIL Limited	0.51%	₹ 4.68	Services - Others
IIFL Finance Limited	0.49%	₹ 4.47	Non-Banking Financial Company (NBFC)
Torrent Pharmaceuticals Limited	0.44%	₹ 3.98	Pharmaceuticals
Polycab India Limited	0.42%	₹ 3.87	Cables - Power/Others
Hindustan Aeronautics Limited	0.34%	₹ 3.13	Aerospace & Defense
Bank of Baroda 2026	0.32%	₹ 2.96	Others
7.48% National Bank For Agriculture and Rural Development 2028	0.28%	₹ 2.52	Others
Arvind Fashions Limited	0.24%	₹ 2.19	Textiles - Readymade Apparels
Sri Lotus Developers and Realty Ltd.	0.23%	₹ 2.12	Realty
7.64% REC Limited 2026	0.16%	₹ 1.50	Others
Dabur India Limited	0.15%	₹ 1.38	Personal Care
ICICI Prudential Asset Management Company Limited	0.05%	₹ 0.42	Finance - Mutual Funds

See All

Returns

	Annualised returns
	9M	1Y	2Y	3Y
Fund returns	-8.18%	-2.10%	-1.55%	5.31%
Category returns	0.52%	5.48%	12.27%	27.81%

Fund Objective

The investment objective of the Scheme is to provide capital appreciation and generate income through a dynamic mix of equity, debt and money market instruments. The Scheme seeks to reduce the ... Read more

AMC Details

Name

Mahindra Manulife Investment Management Pvt. Ltd.

Date of Incorporation

04 Feb 2016

CEO

Mr. Anthony Heredia

CIO

Mr. Rahul Pal, Mr. Krishna Sanghavi

Type

Pvt.Sector-Joint Venture (Indian)

Address

1st Floor, Sadhana House, Behind Mahindra Tower, 570 P. B. Marg, Worli, Mumbai, Maharashtra, India - 400018

Website

http://www.mahindramutualfund.com

[email protected]

Top Funds from Hybrid - Dynamic Asset Allocation/Balanced Advantage

Scheme Name	NAV	Returns 1Y 3Y 5Y			AUM (Cr)	Expense Ratio	Risk Meter
PGIM India Balanced Advantage Fund - Direct Plan Hybrid Direct	₹15.67	2.82%	32.46%	54.08%	₹885	0.60%	Very High
LIC MF Balanced Advantage Fund - Direct Plan Hybrid Direct	₹13.80	1.10%	32.35%	0.00%	₹710	1.21%	Very High
ITI Balanced Advantage Fund Hybrid Regular	₹13.72	0.59%	32.21%	46.14%	₹379	2.39%	Moderately High
Union Balanced Advantage Fund - Direct Plan Hybrid Direct	₹20.99	3.14%	32.01%	47.40%	₹1,305	1.04%	Very High
Tata Balanced Advantage Fund Hybrid Regular	₹19.78	2.37%	31.06%	51.50%	₹9,604	1.73%	High
Tata Balanced Advantage Fund Hybrid Regular	₹19.78	2.37%	31.06%	51.50%	₹9,604	1.73%	High
Tata Balanced Advantage Fund Hybrid Regular	₹19.78	2.37%	31.06%	51.50%	₹9,604	1.73%	High
Sundaram Balanced Advantage Fund Hybrid Regular	₹33.35	1.30%	30.49%	44.57%	₹1,695	2.06%	Moderately High
NJ Balanced Advantage Fund Hybrid Regular	₹12.77	0.16%	30.04%	0.00%	₹3,567	1.90%	Very High
NJ Balanced Advantage Fund Hybrid Regular	₹12.77	0.16%	30.04%	0.00%	₹3,567	1.90%	Very High

Top Funds from Mahindra Manulife Investment Management Pvt. Ltd.

Scheme Name	NAV	Returns 1Y 3Y 5Y			AUM (Cr)	Expense Ratio	Risk Meter
Mahindra Manulife Equity Savings Fund Hybrid Regular	₹20.57	5.66%	32.07%	48.47%	₹553	2.38%	Moderate
Mahindra Manulife Focused Fund Diversified Regular	₹16.64	-5.36%	31.81%	45.18%	₹2,238	1.99%	Very High
Mahindra Manulife Focused Fund Diversified Regular	₹16.64	-5.36%	31.81%	45.18%	₹2,238	1.99%	Very High
Mahindra Manulife Aggressive Hybrid Fund Balanced Regular	₹20.04	-0.86%	31.49%	73.51%	₹2,197	2.00%	Very High
Mahindra Manulife Aggressive Hybrid Fund Balanced Regular	₹20.04	-0.86%	31.49%	73.51%	₹2,197	2.00%	Very High
Mahindra Manulife Aggressive Hybrid Fund Balanced Regular	₹17.70	-1.94%	29.04%	33.06%	₹2,197	2.00%	Very High
Mahindra Manulife Aggressive Hybrid Fund Balanced Regular	₹17.70	-1.94%	29.04%	33.06%	₹2,197	2.00%	Very High
Mahindra Manulife Large & Mid Cap Fund Largecap Regular	₹17.34	-4.94%	25.96%	33.35%	₹2,730	1.94%	Very High
Mahindra Manulife Large & Mid Cap Fund Largecap Regular	₹17.34	-4.94%	25.96%	33.35%	₹2,730	1.94%	Very High
Mahindra Manulife Short Duration Fund - Direct Plan STP Direct	₹13.85	7.45%	25.90%	38.22%	₹89	0.40%	Moderate

FAQs

What is the current NAV of Mahindra Manulife Balanced Advantage Fund - Direct Plan IDCW?

The current Net Asset Value (NAV) of Mahindra Manulife Balanced Advantage Fund - Direct Plan IDCW is ₹11.83 as of 19 Mar 2026. NAV represents the per-unit market value of the fund and is updated daily based on the closing prices of the underlying securities.

What is the fund size (AUM) of Mahindra Manulife Balanced Advantage Fund - Direct Plan IDCW?

The Assets Under Management (AUM) of Mahindra Manulife Balanced Advantage Fund - Direct Plan IDCW is ₹912.31 Crores. AUM indicates the total market value of assets managed by the fund and reflects investor confidence and fund popularity.

What are the historical returns of Mahindra Manulife Balanced Advantage Fund - Direct Plan IDCW?

Mahindra Manulife Balanced Advantage Fund - Direct Plan IDCW has delivered returns of -2.10% (1 Year), 5.31% (3 Year), 0.00% (5 Year). Past performance does not guarantee future results, and investors should consider their risk appetite before investing.

What is the risk level of Mahindra Manulife Balanced Advantage Fund - Direct Plan IDCW?

Mahindra Manulife Balanced Advantage Fund - Direct Plan IDCW has a risk rating of 'Very High' as per the SEBI Riskometer. This indicates the fund is suitable for very aggressive investors comfortable with significant market volatility. Investors should align their investment choices with their personal risk tolerance and financial goals.

What is the minimum investment amount for Mahindra Manulife Balanced Advantage Fund - Direct Plan IDCW?

The minimum lumpsum investment required for Mahindra Manulife Balanced Advantage Fund - Direct Plan IDCW is ₹1,000. The fund also offers SIP (Systematic Investment Plan) option starting from as low as ₹500, making it accessible for regular investments. This allows investors to start their mutual fund journey with a manageable amount.

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