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Mahindra Manulife Balanced Advantage Fund - Direct Plan - IDCW

NAVs of 8 Nov 2026

Mahindra Manulife Mutual Fund · Hybrid fund · Direct plan · IDCW

Balanced AdvantageDirect · IDCWRisk: Very High

NAV · 6 Nov 2026

₹12.0115 ▲ 0.92%

Mahindra Manulife Mutual Fund

Fund size₹912 crJuly - September 2026

1-month range₹11.18 – 12.01

1 year-3.20%

Expense ratio0.82%direct plan, a year

5 years–a year

What the fund does

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 volatility by diversifying the assets across equity, debt and money market instruments. However, there can be no assurance that the investment objective of the Scheme will be achieved

BenchmarkNifty 50 Hybrid Composite Debt 50: 50 Index TRI

Launched30 Dec 2021

Fund houseMahindra Manulife Mutual Fund

Fund managersFM-1 Mr. Hemang KapasiFM-2 Mr. Neelesh DhamnaskarFM-3 Mr. Rahul PalFM-4 Mr. Amit Garg

NAV history

Returns

1 week

+5.16%avg 4.6%

1 month

+5.06%avg 3.9%

3 months

+0.98%avg 0.5%

6 months

+4.27%avg 3.6%

This year

-3.08%avg 2.1%

1 year

-3.20%avg 3.0%

3 years (a year)

+2.38%avg 10.6%

Bars: this plan; the thin mark is the Balanced Advantage average (direct plans, growth option). Over a year: yearly averages (CAGR). Past returns do not guarantee future returns. Information only, not investment advice.

Monthly returns (%)

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2024												-0.2
2025	-3.3	-4.2	-4.5	+2.1	+2.7	+2.4	-0.7	-2.5	+0.8	+3.4	+0.0	-0.5
2026	-1.1	+0.4	-13.9	+6.9	+0.1	+2.4	+1.9	+1.2	-4.5	-0.2	+5.2

Each month's change in NAV (the current month to the latest NAV).

What if you had invested?

Amount (₹) Started

Worked out from this plan's actual NAVs. SIP: invested on the first NAV of each month. Taxes and exit loads are not included. Past returns do not guarantee future returns. Information only, not investment advice.

Portfolio as on 30 Sept 2026

Stocks held5783 lines in all

Top 10 stocks22.5%of the fund

Equity67.8%stocks and equity derivatives

Debt & cash33.4%everything else

Where the money is

Equity 67.8%Debt 22.8%Cash & others 10.6%

Sectors (stocks held)

Banks

16.4%

Pharmaceuticals & Biotechnology

7.2%

Retailing

4.6%

IT - Software

3.3%

Finance

3.1%

Automobiles

3.1%

Telecom - Services

3.1%

Healthcare Services

2.9%

Credit quality (debt and money market)

AAA

7.7%

AA+

7.4%

Sovereign

6.6%

1.1%

Stocks held 57

Holding	Sector / type	% of fund
ICICI Bank Limited INE090A01021	Banks	3.87%
Bharti Airtel Limited INE397D01024	Telecom - Services	2.36%
HDFC Bank Limited INE040A01034	Banks	2.35%
Reliance Industries Limited INE002A01018	Petroleum Products	2.23%
Eternal Limited INE758T01015	Retailing	2.20%
IndusInd Bank Limited INE095A01012	Banks	2.11%
Axis Bank Limited INE238A01034	Banks	2.09%
Jindal Steel Limited INE749A01030	Ferrous Metals	1.81%
Apollo Hospitals Enterprise Limited INE437A01024	Healthcare Services	1.72%
Laurus Labs Limited INE947Q01028	Pharmaceuticals & Biotechnology	1.71%
The Federal Bank Limited INE171A01029	Banks	1.52%
Tech Mahindra Limited INE669C01036	IT - Software	1.46%
State Bank of India INE062A01020	Banks	1.44%
Senores Pharmaceuticals Limited INE0RB801010	Pharmaceuticals & Biotechnology	1.42%
Bajaj Finance Ltd INE296A01032	Finance	1.41%
Aditya Vision Ltd INE679V01027	Retailing	1.40%
Titan Company Limited INE280A01028	Consumer Durables	1.38%
Larsen & Toubro Limited INE018A01030	Construction	1.34%
Mahindra & Mahindra Limited INE101A01026	Automobiles	1.33%
Bharat Heavy Electricals Limited INE257A01026	Electrical Equipment	1.31%
Glenmark Pharmaceuticals Limited INE935A01035	Pharmaceuticals & Biotechnology	1.28%
Bharat Electronics Limited INE263A01024	Aerospace & Defense	1.27%
Multi Commodity Exchange of India Limited INE745G01043	Capital Markets	1.25%
Bank of Maharashtra INE457A01014	Banks	1.21%
Divi's Laboratories Limited INE361B01024	Pharmaceuticals & Biotechnology	1.19%
Oil & Natural Gas Corporation Limited INE213A01029	Oil	1.18%
Fortis Healthcare Limited INE061F01013	Healthcare Services	1.14%
Coal India Limited INE522F01014	Consumable Fuels	1.02%
Aditya Birla Capital Limited INE674K01013	Finance	1.00%
Torrent Pharmaceuticals Limited INE685A01028	Pharmaceuticals & Biotechnology	0.99%
Bosch Limited INE323A01026	Auto Components	0.96%
Indian Bank INE562A01011	Banks	0.96%
UltraTech Cement Limited INE481G01011	Cement & Cement Products	0.95%
Maruti Suzuki India Limited INE585B01010	Automobiles	0.93%
Coforge Limited INE591G01025	IT - Software	0.93%
Aditya Birla Sun Life AMC Limited INE404A01024	Capital Markets	0.91%
Delhivery Limited INE148O01028	Transport Services	0.89%
Infosys Limited INE009A01021	IT - Software	0.88%
IDFC First Bank Limited INE092T01019	Banks	0.86%
Bajaj Auto Limited INE917I01010	Automobiles	0.86%
Radico Khaitan Limited INE944F01028	Beverages	0.84%
Black Buck Ltd INE0UIZ01018	Transport Services	0.80%
Polycab India Limited INE455K01017	Industrial Products	0.79%
The Phoenix Mills Limited INE211B01039	Realty	0.77%
Hindustan Aeronautics Limited INE066F01020	Aerospace & Defense	0.77%
Vishal Mega Mart Limited INE01EA01019	Retailing	0.73%
L&T Finance Limited INE498L01015	Finance	0.73%
Indus Towers Limited INE121J01017	Telecom - Services	0.70%
Marico Limited INE196A01026	Agricultural Food & other Products	0.67%
Acutaas Chemicals Limited INE00FF01025	Pharmaceuticals & Biotechnology	0.61%
JSW Energy Limited INE121E01018	Power	0.55%
Cummins India Limited INE298A01020	Industrial Products	0.54%
DLF Limited INE271C01023	Realty	0.52%
HDFC Asset Management Company Limited INE127D01025	Capital Markets	0.52%
Mahanagar Gas Limited INE002S01010	Gas	0.48%
Max Financial Services Limited INE180A01020	Insurance	0.41%
Arvind Fashions Limited INE955V01021	Retailing	0.22%

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Debt, money market and cash 26

Holding	Sector / type	% of fund
Triparty Repo	–	4.33%
7.71% Government of India 2066 IN0020260033	SOVEREIGN	3.41%
8.52% Muthoot Finance Limited 2028 ** INE414G07JN3	CRISIL AA+	2.83%
7.44% National Bank For Agriculture and Rural Development 2029 INE261F08EU4	CRISIL AAA	2.82%
Brookfield India Real Estate Trust INE0FDU25010	Realty	2.17%
8.30% Godrej Properties Limited 2027 ** INE484J08055	ICRA AA+	1.71%
Net Receivables / (Payables)	–	1.24%
8.75% Bharti Telecom Limited 2028 ** INE403D08256	CRISIL AAA	1.15%
Net Receivables / (Payables)	–	1.14%
7.55% Power Finance Corporation Limited 2027 ** INE134E08MZ8	CRISIL AAA	1.14%
7.8350% LIC Housing Finance Limited 2027 ** INE115A07QO2	CRISIL AAA	1.14%
8.42% Muthoot Finance Limited 2029 (FRN) ** INE414G07JZ7	CRISIL AA+	1.14%
8.52% Muthoot Finance Limited 2028 INE414G07JO1	CRISIL AA+	1.13%
6.9601% Mindspace Business Parks REIT 2028 ** INE0CCU07181	ICRA AAA	1.12%
7.24% Government of India 2055 IN0020250075	SOVEREIGN	1.08%
6.98% State Government Securities 2037 IN2220250095	SOVEREIGN	1.07%
8.3% JM Financial Services Limited 2027 ** INE012I07116	CRISIL AA	0.79%
8.85% TVS Credit Services Limited 2027 ** INE729N08063	CRISIL AA+	0.57%
7.62% National Bank For Agriculture and Rural Development 2029 ** INE261F08EH1	CRISIL AAA	0.57%
7.73% Embassy Office Parks REIT 2029 ** INE041007159	CRISIL AAA	0.56%
7.29% Small Industries Dev Bank of India 2029 ** INE556F08LG1	CRISIL AAA	0.56%
7.2% State Government Securities 2036 IN2220250343	SOVEREIGN	0.54%
7.25% State Government Securities 2037 IN2220250376	SOVEREIGN	0.54%
8.95% 360 One Prime Limited 2027 ** INE248U07FW5	ICRA AA	0.34%
7.70% National Bank For Agriculture and Rural Development 2027 INE261F08EI9	ICRA AAA	0.28%
Margin placed with CCIL & ARCL	–	0.06%

Show 16 moreShow fewer

From the fund house's monthly portfolio (mahindramanulife.com), as on 30 Sept 2026. Percentages are of the fund's net assets. Published about ten days after each month ends.

Risk

Volatility13.0%yearly, from daily NAVs

Worst fall-20.83%27 Sept 2024 → 31 Mar 2026

RiskometerVery HighVery High

Volatility: how much the NAV moves, as a yearly figure (higher = bumpier). Worst fall: the biggest drop from a high, in the NAV history we hold (from 31 Jan 2022).

Where it can invest (limits from the scheme document)

Equity & Equity related instruments^

0–100%

Debt and Money Market Securities (including TREPS (Tri-Party Repo), Reverse Repo)

0–100%

The ranges the fund is allowed to hold, not what it holds today.

Fund details

Fund size (average AUM, July - September 2026)	₹912 cr across all plans · this plan ₹2.52 cr
Fund house	Mahindra Manulife Mutual Fund
Category	Hybrid · Balanced Advantage
Plan	Direct
Option	IDCW
Expense ratio (TER)	Direct 0.82% · Regular 2.39% (5 Nov 2026)
Exit load	10% of the units allotted shall be redeemed without any exit load, on or before completion of 3 months from the date of allotment of Units. Any redemption in excess of the above limit shall be subject to the following exit load: - An Exit Load of 1% is payable if Units are redeemed / switched-out on or before completion of 3 months from the date of allotment of Units; - Nil - If Units are redeemed / switched-out after completion of 3 months from the date of allotment of Units.
Minimum investment	₹1,000 · additional ₹1,000
Scheme code (AMFI)	149405
ISIN	INF174V01BC4
NAV date	6 Nov 2026

Scheme details from the fund's scheme summary document filed with AMFI; expense ratios from AMFI's daily filings.

Other plans of this fund

Plan	NAV	1 year
Direct · Growth	₹15.1672	+3.31%
Regular · Growth	₹16.5028	+4.99%
Regular · IDCW	₹13.2538	-1.11%

Top Balanced Advantage funds (direct plans)

Fund	1 year	3 years (a year)
quant Dynamic Asset Allocation Fund	-0.24%	+13.91%
Baroda BNP Paribas Balanced Advantage Fund	+5.47%	+13.26%
Aditya Birla Sun Life Balanced Advantage Fund	+8.12%	+13.20%
WhiteOak Capital Balanced Advantage Fund	+4.85%	+12.89%
ICICI Prudential Balanced Advantage Fund	+6.04%	+12.23%
HDFC Balanced Advantage Fund	+0.90%	+12.22%
Edelweiss Balanced Advantage Fund	+6.75%	+12.15%
DSP Dynamic Asset Allocation Fund	+6.10%	+12.15%

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Information only, not investment advice.

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

₹12.0115 as of 6 Nov 2026, from AMFI's official NAV data.

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

1 year: -3.20%, 3 years: 2.38% a year

What is the difference between direct and regular plans?

Both invest in the same portfolio. Direct plans are bought straight from the fund house and pay no distributor commission, so their expenses are lower and their NAV grows slightly faster.