Mahindra Manulife Balanced Advantage Fund Direct Payout Inc Dist cum Cap Wdrl

Mahindra Manulife Balanced Advantage Fund Direct Payout Inc Dist cum Cap Wdrl is a hybrid fund. This fund was started on 30 December, 2021. The fund is managed by Manish Lodha, Fatema Pacha, Rahul Pal. This fund gives you the benefit of diversification.

1. Mahindra Manulife Balanced Advantage Fund Direct Payout Inc Dist cum Cap Wdrl has ₹905 Cr worth of assets under management (AUM) as on Jun 2025 and is more than category average.
2. The fund has an expense ratio 0.6.
   

Mahindra Manulife Balanced Advantage Fund Direct Payout Inc Dist cum Cap Wdrl has given a CAGR return of 13.15% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 5.88% and 17.18% respectively.

Mahindra Manulife Balanced Advantage Fund Direct Payout Inc Dist cum Cap Wdrl has allocated its funds majorly in Government, Financial Services, Cash Equivalent, Corporate, Consumer Cyclical, Industrial, Tech, Health, Basic Materials, Communication, Energy, Utilities, Consumer Defensive.

As it is a dynamic asset allocation mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Long term gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

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.

Minimum investment for lump sum payment is INR 0.00 and for SIP is INR 0.00. Mahindra Manulife Balanced Advantage Fund Direct Payout Inc Dist cum Cap Wdrl has no lock in period.