Mahindra Manulife Balanced Advantage Fund Direct Growth
Hybrid
Direct
Dynamic Asset Allocation
NAV: ₹ 13.67 as on 15-05-2024
About the Fund
Mahindra Manulife Balanced Advantage Fund Direct Growth is a hybrid fund. This fund was started on 30 December, 2021. The fund is managed by Manish Lodha, Rahul Pal, Fatema Pacha. This fund gives you the benefit of diversification.
Key Parameters
- Mahindra Manulife Balanced Advantage Fund Direct Growth has ₹731 Cr worth of assets under management (AUM) as on Apr 2024 and is less than category average.
- The fund has an expense ratio 0.6.
Fund Performance
73 people have invested ₹ 2.8L in Mahindra Manulife Balanced Advantage Fund Direct Growth in the last three months
Overview
 | 0.61% |
 Benchmark | Nifty 50 Hybrid Comp Debt 50:50 TR INR |
 | ₹731 Cr |
 | 30 December, 2021 |
 | ₹1000/₹500 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 295% |
Mahindra Manulife Balanced Advantage Fund Direct Growth Distribution as on (30-Apr-24)
Size breakup
Large cap
44.8%
Mid cap
12.7%
Small cap
8.9%
Sector Allocation
Financial Services
18.6%
Energy
18%
Industrial
13.2%
Utilities
12.3%
Consumer Cyclical
9.9%
Communication
8.5%
Health
6.6%
Tech
6%
Basic Materials
4.2%
Consumer Defensive
2.6%
Top Holdings of Mahindra Manulife Balanced Advantage Fund Direct Growth as on (30-Apr-24)
Equity Holdings50
Debt Holdings13
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Reliance Industries Ltd | 4.77% | 0% | |
 NTPC Ltd | 3.9% | 0% | |
 Canara Bank | 3.61% | 0% | |
 Coal India Ltd | 3.32% | -23% | |
 Larsen & Toubro Ltd | 2.7% | 0% |
See all
Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 731.3 Cr as of Apr'24
- AUM increased by 28.6 Cr between Apr'24 and Mar'24
Fund Portfolio Changes
Peer Analysis
Fund Manager
Manish Lodha
Fund Manager of Mahindra Manulife Balanced Advantage Fund Direct Growth, since 30 December 2021
Top funds managed
Rahul Pal
Fund Manager of Mahindra Manulife Balanced Advantage Fund Direct Growth, since 30 December 2021
Top funds managed
Fatema Pacha
Fund Manager of Mahindra Manulife Balanced Advantage Fund Direct Growth, since 30 December 2021
Top funds managed
Mahindra Manulife Balanced Advantage Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 13.78% since inception which is more than its category average return of 11.44%
Fund Allocations
This fund has an allocation of 59.95% in Equity, 21.86% in Debt and 18.19% in Cash related instruments
AUM size ₹731 Cr
This fund has AUM of ₹731 Cr which is less than its category average of ₹ 8333 Cr
Expense Ratio 0.61%
This fund has an expense ratio of 0.61% which is less than its category average expense ratio of 1.37%
Frequently Asked Questions
The current NAV of Mahindra Manulife Balanced Advantage Fund Direct Growth is ₹13.67 as on 15-May-2024.
Existing (Absolute + CAGR) as on 15-May-2024.
Mahindra Manulife Balanced Advantage Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -0.94% | -0.94% |
6 Month Returns | 14.93% | 14.93% |
1 Year Returns | 29.69% | 29.69% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.61% as on April 2024
₹731 Cr as on April 2024
7.18% Govt Stock 2037(5.65%), Reliance Industries Ltd(4.77%), 7.18% Govt Stock 2033(4.23%), NTPC Ltd(3.9%), Canara Bank(3.61%) as on April 2024
Government(18.58%), Cash Equivalent(14.5%), Financial Services(11.17%) as on April 2024
AAA | 95.29 |
AA | 4.71 |
Manish Lodha, Rahul Pal, Fatema Pacha are the fund managers of Mahindra Manulife Balanced Advantage Fund Direct Growth
The Exit load of Mahindra Manulife Balanced Advantage Fund Direct Growth is 1%