Mahindra Manulife Balanced Advantage Fund
The fund maintains an aggressive equity tilt at 71%, betting on continued market strength while using high-quality debt and repo instruments as a stabilizer. Banking dominance (17%) signals conviction in financial deepening, complemented by pharma exposure for defensive growth. Recent portfolio churn—swapping capital goods and IT for retail, logistics, and finance NBFCs—suggests the manager is rotating toward consumption and credit cycles, trimming commodity-linked positions in the process.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹15.4765 | — | — | — | — |
| Regular Growth | ₹14.3331 | +0.23% | +0.73% | +11.91% | — |
| Direct IDCW | ₹12.4296 | — | — | — | — |
| Regular IDCW | ₹11.3506 | — | — | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Active Stock PickerActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Jindal Steel Limited | 1.93% |
| Delhivery Limited | 1.01% |
| Aditya Birla Capital Limited | 0.90% |
| L&T Finance Limited | 0.76% |
| Black Buck Ltd | 0.71% |
| 7.64% Power Finance Corporation Limited 2026 ** | 0.17% |
| 6.4% LIC Housing Finance Limited 2026 | 0.11% |
| Export Import Bank of India 2026 | 1.12% |
| Small Industries Dev Bank of India 2026 ** | 0.56% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Triparty Repo nan | 3.45% |
| 2 | ICICI Bank Limited INE090A01021 | 3.20% |
| 3 | 8.52% Muthoot Finance Limited 2028 ** INE414G07JN3 | 2.83% |
| 4 | 7.53% National Bank For Agriculture and Rural Development 2028 INE261F08EM1 | 2.82% |
| 5 | Reliance Industries Limited INE002A01018 | 2.66% |
| 6 | State Bank of India INE062A01020 | 2.59% |
| 7 | HDFC Bank Limited INE040A01034 | 2.58% |
| 8 | Bharti Airtel Limited INE397D01024 | 2.51% |
| 9 | 6.68% Government of India 2040 IN0020250042 | 2.18% |
| 10 | Axis Bank Limited INE238A01034 | 2.14% |
| 11 | IndusInd Bank Limited INE095A01012 | 2.13% |
| 12 | Net Receivables / (Payables) nan | 2.07% |
| 13 | Jindal Steel Limited INE749A01030 | 1.93% |
| 14 | Indus Towers Limited INE121J01017 | 1.89% |
| 15 | Coal India Limited INE522F01014 | 1.72% |
| 16 | Eternal Limited INE758T01015 | 1.68% |
| 17 | UltraTech Cement Limited INE481G01011 | 1.65% |
| 18 | Apollo Hospitals Enterprise Limited INE437A01024 | 1.59% |
| 19 | Bajaj Finance Ltd INE296A01032 | 1.56% |
| 20 | Larsen & Toubro Limited INE018A01030 | 1.42% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Mahindra Manulife Balanced Advantage Fund hold?
Mahindra Manulife Balanced Advantage Fund holds 83 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 14.10% of NAV.
What is the largest holding in Mahindra Manulife Balanced Advantage Fund?
The largest position in Mahindra Manulife Balanced Advantage Fund is Triparty Repo, accounting for 3.45% of NAV in the nan sector.
Is Mahindra Manulife Balanced Advantage Fund a concentrated or diversified fund?
With a Gini coefficient of 0.319, Mahindra Manulife Balanced Advantage Fund is well-diversified. The HHI concentration index is 14,501 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 14.10% of the portfolio.
What is the market cap allocation of Mahindra Manulife Balanced Advantage Fund?
Based on SEBI's AMFI classification, Mahindra Manulife Balanced Advantage Fund's equity portfolio is split as: Large Cap: 41.02%, Mid Cap: 22.72%, Small Cap: 6.29%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Mahindra Manulife Balanced Advantage Fund invest in most?
Mahindra Manulife Balanced Advantage Fund has the highest allocation to Banks (17.17%), SOVEREIGN (5.95%), nan (5.52%). The fund is invested across 34 sectors in total.
How actively managed is Mahindra Manulife Balanced Advantage Fund compared to other Dynamic Asset Allocation Fund funds?
Mahindra Manulife Balanced Advantage Fund has an Active Share of 62.38%, classifying it as "Active Stock Picker" among 35 Dynamic Asset Allocation Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in Mahindra Manulife Balanced Advantage Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Mahindra Manulife Balanced Advantage Fund added 9 new stocks (including Jindal Steel Limited) and exited 5 stocks (including JSW Steel Limited). Total holding count increased from 81 to 85 stocks.