RP
Rahul PalFund Manager Since 30 Dec 2021
AllocationDynamic Asset Allocation
Mahindra Manulife Balanced Advantage Fund Direct Growth
3Y Annualised
15.54%
-0.17% 1D
Fund Performance
Fund Multiplier
Fund Info
Peer Comparison
Fund Managers
AMC Details
Performance
1M Returns
2.75%
-0.17% 1D
Benchmark
Nifty 50 Index Fund
Fund Multiplier
Time it would have taken to make your money double (2x), quadruple (4x) and quintuple (5x)
This Fund
4 years 10 months
NIFTY 50
4 years 11 months
FD
9 years 7 months
Fund info
Fund size
₹882.49 Cr
Min. SIP amount
₹500
Min. Lumpsum amount
₹1000
Exit load
0.005%
An Exit Load of 1% is payable if Units areredeemed / switched-out on or beforecompletion of 3 months from the date ofallotment of Units;- Nil - If Units are redeemed / switched-outafter completion of 3 months from thedate of allotment of Units.
Risk Profile
Very High Risk
Peer Comparison
This Fund's Performance Compared With Peers
Over the Period of oneMonth
1st
Motilal Oswal Balance Advantage Fund Direct Plan Quarterly Reinvestment of Income Dis cum cptl wdrl
6.10%
2nd
Motilal Oswal Balance Advantage Fund Direct Plan Quarterly Payout of Income Dis cum cptl wdrl
6.10%
3rd
Motilal Oswal Balance Advantage Fund Direct Plan Growth Option
6.10%
4th
Motilal Oswal Balance Advantage Fund Direct Plan Annual Payout of Income Distribution cum cptl wdrl
6.10%
5th
Motilal Oswal Balance Advantage Fund Direct Plan Annual Reinvestment of Income Dis cum cptl wdrl
6.10%
33rd
Mahindra Manulife Balanced Advantage Fund Direct Growth
2.75%
Fund Managers
ML
Manish LodhaFund Manager Since 30 Dec 2021
FP
Fatema PachaFund Manager Since 30 Dec 2021
About Mahindra Manulife Balanced Advantage Fund Direct Growth
Mahindra Manulife Balanced Advantage Fund Direct Growth is a Allocation mutual fund scheme from Mahindra Manulife Investment Management Pvt. Ltd.. This fund has been in existence for 3 years, having been launched on 2021-12-30. Mahindra Manulife Balanced Advantage Fund Direct Growth has ₹882.49 Cr worth of assets under management (AUM) as of Sun Jun 01 2025. The latest Net Asset Value (NAV) of Mahindra Manulife Balanced Advantage Fund Direct Growth as of Fri May 30 2025 is ₹15.1397. The fund has an expense ratio of 0.56%, which is medium comparable to most other Allocation funds.
Mahindra Manulife Balanced Advantage Fund Direct Growth returns for the last 1 year are 9.77%. Since launch, it has delivered 12.92% average annual returns.
The Mahindra Manulife Balanced Advantage Fund Direct Growth has the majority of its money invested in null, Financial Services, Communication Services, Energy, Healthcare sectors.
Top 5 Holdings of Mahindra Manulife Balanced Advantage Fund Direct Growth.
- 6.92% Govt Stock 2039: 4.32%
- Bajaj Finance Ltd: 3.86%
- HDFC Bank Ltd: 3.51%
- National Bank For Agriculture And Rural Development: 2.88%
- Indus Towers Ltd Ordinary Shares: 2.87%
AMC Information
| Name | Mahindra Manulife Investment Management Pvt. Ltd. |
|---|---|
| Founding Date | 2021-12-30 |
| mfinvestors@mahindra.com | |
| Phone | 022-66327900 |
| Website | www.mahindramanulife.com |
| Address | 1st Floor, Sadhana House, Behind Mahindra Tower,570 P. B. Marg, Worli, Mumbai 400018 |
Tax Implications of Mahindra Manulife Balanced Advantage Fund Direct Growth
| Short Term Gains | Income tax rate applicable to the Unitholders as per their income slabs. |
|---|---|
| Long Term Gains | Income tax rate applicable to the Unitholders as per their income slabs. |
Similar Funds from Mahindra Manulife Investment Management Pvt. Ltd.
Mahindra Manulife Low Duration Fund Direct Growth
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3Y CAGR
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expense ratio
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Mahindra Manulife Equity Savings Fund Direct Growth
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Mahindra Manulife Low Duration Fund Regular Growth
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6.76%
expense ratio
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Mahindra Manulife Multi Cap Fund Direct Plan Growth
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23.23%
expense ratio
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₹5093.65 Cr
Mahindra Manulife ELSS Tax Saver Fund Direct Plan Growth
EquityELSS (Tax Savings)
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expense ratio
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fund size
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FAQs
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Who is the manager of Mahindra Manulife Balanced Advantage Fund Direct Growth?
What is the exit load of Mahindra Manulife Balanced Advantage Fund Direct Growth?
How to Redeem Mahindra Manulife Balanced Advantage Fund Direct Growth?
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