mutual funds mahindra manulife balanced advantage fund directgrowth

holdings

Mahindra Manulife Balanced Advantage Fund Direct-Growth

Hybrid: Dynamic Asset Allocation - Growth (Open ended)

Mahindra Manulife Balanced Advantage Fund Direct-GrowthNAV: 16.24 as on 06 Sep, 2026

Risk levelCategoryBenchmark

Factsheet

SEBI Riskometer: Very HighCategory: Hybrid: Dynamic Asset AllocationBenchmark: NIFTY 50 Hybrid Composite Debt 50:50 IndexCheck Portfolio Overlap →

NAV: ₹16.24-0.15%

07 Sept 2026

Holdings Analysis

Equity, debt and cash allocation snapshot with market cap distribution for Mahindra Manulife Balanced Advantage Fund Direct-Growth.

Asset Allocation

As on 31 Jul 2026

Equity

69.33%

Debt

21.91%

Others

6.65%

Real estate

2.11%

Market Cap Distribution

Large Cap (62.6%)

Mid Cap (28.0%)

Small Cap (9.4%)

Historical Asset Allocation

Asset	31 Jul 2026	30 Jun 2026	31 May 2026	30 Apr 2026	31 Mar 2026	28 Feb 2026
Equity	69.33%	69.44%	71.06%	70.93%	68.78%	65.31%
Debt	21.91%	24.51%	21.47%	23.63%	24.89%	24.79%
Others (incl. cash)	6.65%	3.98%	6.46%	5.44%	6.33%	9.91%
Commodities	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Real Estate	2.11%	2.07%	1.01%	0.00%	0.00%	0.00%

Portfolio Snapshot

No. of Securities

P/E Ratio

27.04

P/B Ratio

3.30

Top Holding %

6.65%

Top 5 Holdings %

18.67%

Top 10 Holdings %

29.79%

Modified Duration

2.69 yrs

Avg. Maturity

4.54 yrs

Yield to Maturity

7.26%

AUM

₹917 Cr

Expense Ratio

0.84%

Since Inception

10.89%

Max Drawdown

-0.10%

Sharpe Ratio

0.63

Top Portfolio Holdings by Weight

Latest portfolio holdings sorted by allocation weight. Includes instrument name, sector, number of shares, market value (₹ Cr) and percentage of net assets. Switch dates or categories using the controls below.

Instrument	Sector	No. of Shares	Value (Rs. Cr)	Weight	Change
ICICI Bank Ltd.	Financial	2,57,500	36.96	4.03%	0.11%↑
Bharti Airtel Ltd.	Communication	1,18,000	23.27	2.54%	0.12%↑
HDFC Bank Ltd.	Financial	2,91,201	21.79	2.38%	-0.19%↓
Reliance Industries Ltd.	Energy	1,65,000	21.58	2.35%	-0.01%↓
Indusind Bank Ltd.	Financial	2,06,000	20.86	2.27%	0.16%↑
Axis Bank Ltd.	Financial	1,50,000	18.44	2.01%	-0.22%↓
Eternal Ltd.	Services	6,05,000	18.3	1.99%	0.22%↑
Laurus Labs Ltd.	Healthcare	97,000	17.62	1.92%	0.07%↑
Apollo Hospitals Enterprise Ltd.	Healthcare	18,500	16.57	1.81%	0.03%↑
Jindal Steel Ltd.	Metals & Mining	1,39,812	15.41	1.68%	0.04%↑
The Federal Bank Ltd.	Financial	4,20,000	15.07	1.64%	0.11%↑
Tech Mahindra Ltd.	Technology	84,000	13.87	1.51%	0.20%↑
Mahindra & Mahindra Ltd.	Automobile	39,600	13.46	1.47%	0.13%↑
State Bank of India	Financial	1,31,500	13.51	1.47%	-0.02%↓
Aditya Vision Ltd.	Services	2,06,658	13.19	1.44%	-0.06%↓
Titan Company Ltd.	Consumer Discretionary	26,500	12.92	1.41%	0.12%↑
Bharat Heavy Electricals Ltd.	Capital Goods	3,10,000	12.62	1.38%	-0.22%↓
Larsen & Toubro Ltd.	Construction	31,400	12.37	1.35%	-0.09%↓
Fortis Healthcare Ltd.	Healthcare	1,30,000	12.29	1.34%	-0.04%↓
Senores Pharmaceuticals Ltd.	Healthcare	90,000	11.75	1.28%	-0.04%↓

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Sector-wise Portfolio Allocation

Equity exposure by sector as a percentage of total net assets, tracked across recent portfolio dates. Identifies concentration risk and sector rotation trends in the fund's holdings.

Sector	31 Jul 2026	30 Jun 2026	31 May 2026	30 Apr 2026	31 Mar 2026	28 Feb 2026
Financial	22.23%	22.61%	22.10%	23.00%	21.20%	23.42%
Healthcare	9.53%	8.79%	8.90%	8.21%	8.44%	8.21%
Services	6.83%	6.63%	6.87%	6.92%	4.14%	2.08%
Capital Goods	5.06%	5.39%	5.19%	4.80%	3.96%	3.46%
Energy	4.96%	5.20%	5.49%	5.55%	5.12%	2.80%
Automobile	4.21%	4.05%	4.07%	4.03%	3.86%	3.98%
Communication	3.25%	3.40%	4.12%	4.40%	5.08%	4.74%
Technology	3.18%	2.79%	3.05%	2.64%	3.57%	3.37%
Construction	2.56%	2.19%	2.15%	2.12%	1.95%	1.57%
Materials	1.94%	2.48%	3.28%	3.37%	4.94%	5.97%
Metals & Mining	1.68%	1.64%	1.91%	1.93%	2.70%	4.00%
Consumer Staples	1.51%	1.43%	1.12%	1.14%	1.03%	0.15%
Consumer Discretionary	1.41%	1.29%	1.22%	1.31%	1.26%	-
Chemicals	0.74%	0.79%	0.80%	0.74%	0.76%	0.73%
Textiles	0.24%	0.26%	0.26%	0.25%	0.24%	0.24%
Insurance	-	0.50%	0.53%	0.52%	0.53%	0.54%

Debt Holdings — Credit Quality Profile

Allocation of debt instruments by credit rating (AAA, AA, A, and below investment grade) as a percentage of net assets, compared against the category average. Higher AAA allocation indicates lower credit risk.

Rating	Fund	Category
AAA	8.73%	8.59%
AA+	7.09%	1.62%
Cash & Call Money	6.57%	7.54%
SOV	5.33%	7.62%
AA	0.76%	0.92%
Cash	0.08%	5.15%
A	-	0.02%
A+	-	0.10%
A-	-	0.12%
A1+	-	1.97%
AA-	-	0.16%
BBB+	-	0.08%
Others	-	0.32%
Term Deposits	-	0.02%
Unrated	-	0.01%

Equity Insights

A detailed look at the equity holdings of this scheme — aggregated scores on value, momentum, quality parameters along with diversification and performance analysis.

Style Analysis

Value score

50.3 / 100

Weighted average Value score is 50.3. This indicates that portfolio is relatively reasonably valued using composite of value measures.

Price Momentum score

62.0 / 100

Weighted average Price Momentum score is 62.0. This indicates that portfolio has average momentum using composite of momentum measures.

Quality score

70.8 / 100

Weighted average Quality score is 70.8. This indicates that portfolio has average quality using composite of quality measures.

QVM score

70.0 / 100

Weighted average QVM score is 70.0. This indicates that portfolio has average QVM score and hence a neutral stance is warranted.

Red Flags

Earnings manipulation risk (Beneish M-score)

Following stocks have high risk of potential earnings manipulation (Beneish M-score > -1.78):

Name	Value
Torrent Pharmaceuticals Ltd.	-0.63
Bajaj Auto Ltd.	-0.72
JSW Energy Ltd.	-1.33
Arvind Fashions Ltd.	-1.68

Declining revenues

Following companies have seen their sales decline for 2 consecutive quarters (measured on yoy basis): DLF Ltd.

Negative cash flow from operations

Following companies have not generated positive operating cash flow for 2 consecutive financial years: Aditya Birla Capital Ltd., Bajaj Finance Ltd., IIFL Finance Ltd., L&T Finance Ltd., Bank Of Maharashtra

High leverage

Following companies have debt to equity of greater than 2:

Name	Value
JSW Energy Ltd.	2.5

Debt Insights

A detailed look at the debt holdings of this scheme — Is the scheme yielding enough? Includes credit quality, instrument breakdown and SEBI risk classification.

SEBI PRC matrix

Credit risk

	Interest risk
	Low	Moderate	High
Low
Moderate
High

Instruments

Full name	Description	Coupon rate	Maturity	Rating raw	Weight
National Bank For Agriculture & Rural Development	Bonds	7.44%	17/07/2029	CRISIL AAA	2.73%
Muthoot Finance Ltd.	Debenture	8.52%	07/04/2028	CRISIL AA+	2.72%
GOI	GOI Securities	6.68%	07/07/2040	SOV	1.64%
Godrej Properties Ltd.	Debenture	8.30%	19/03/2027	ICRA AA+	1.64%
Bharti Telecom Ltd.	Debenture	8.75%	05/11/2028	CRISIL AAA	1.10%
LIC Housing Finance Ltd.	Debenture	7.84%	11/05/2027	CRISIL AAA	1.09%
Muthoot Finance Ltd.	Debenture	0.00%	26/07/2029	CRISIL AA+	1.09%
Muthoot Finance Ltd.	Debenture	8.52%	26/05/2028	CRISIL AA+	1.09%
Small Industries Devp. Bank of India Ltd.	Debenture	7.68%	10/08/2027	CRISIL AAA	1.09%
Mindspace Business Parks REIT	Debenture	6.96%	08/12/2028	ICRA AAA	1.08%
GOI	GOI Securities	7.24%	18/08/2055	SOV	1.06%
Maharashtra State	State Development Loan	6.98%	25/06/2037	SOV	1.05%
JM Financial Services Pvt. Ltd.	Debenture	8.30%	27/05/2027	CRISIL AA	0.76%
National Bank For Agriculture & Rural Development	Debenture	7.62%	10/05/2029	CRISIL AAA	0.55%
TVS Credit Services Ltd.	Non Convertible Debenture	8.85%	11/06/2027	CRISIL AA+	0.55%
Embassy Office Parks REIT	Bonds	7.73%	14/12/2029	CRISIL AAA	0.55%
Maharashtra State	State Development Loan	7.20%	23/10/2036	SOV	0.54%
Maharashtra State	State Development Loan	7.25%	12/11/2037	SOV	0.54%
GOI	GOI Securities	6.90%	15/04/2065	SOV	0.50%
National Bank For Agriculture & Rural Development	Bonds	7.48%	15/09/2028	CRISIL AAA	0.27%
Power Finance Corporation Ltd.	Non Convertible Debenture	7.64%	25/08/2026	CRISIL AAA	0.16%
LIC Housing Finance Ltd.	Debenture	6.40%	30/11/2026	CRISIL AAA	0.11%

Frequently Asked Questions

What are the top holdings of Mahindra Manulife Balanced Advantage Fund Direct-Growth?

The top holdings of Mahindra Manulife Balanced Advantage Fund Direct-Growth as of 31 Jul 2026 are Others (6.65%), ICICI Bank Ltd. (4.03%), National Bank For Agriculture & Rural Development (2.73%), Muthoot Finance Ltd. (2.72%), Bharti Airtel Ltd. (2.54%). These top 5 stocks together account for 18.67% of the total portfolio. You can view the complete holdings breakdown above.

How many stocks does Mahindra Manulife Balanced Advantage Fund Direct-Growth hold in its portfolio?

Mahindra Manulife Balanced Advantage Fund Direct-Growth holds 83 stocks in its portfolio as of 31 Jul 2026. The fund's portfolio size reflects the fund manager's investment approach, a more concentrated portfolio indicates higher conviction bets, while a larger number of holdings suggests a more diversified strategy.

What is the sector allocation of Mahindra Manulife Balanced Advantage Fund Direct-Growth?

As of 31 Jul 2026, Mahindra Manulife Balanced Advantage Fund Direct-Growth's top sector allocations are Financial (22.23%), Healthcare (9.53%), Services (6.83%). You can find detailed sector allocation above.

What is the equity and debt allocation of Mahindra Manulife Balanced Advantage Fund Direct-Growth?

As of 31 Jul 2026, Mahindra Manulife Balanced Advantage Fund Direct-Growth has 69.33% allocated to equity, and 21.91% to debt. You can also check the historical trends above.

What is the market cap allocation of Mahindra Manulife Balanced Advantage Fund Direct-Growth?

As of 31 Jul 2026, Mahindra Manulife Balanced Advantage Fund Direct-Growth's market cap allocation is 62.60% in large caps, 28.01% in mid caps, and 9.39% in small caps.

What is the PE ratio of Mahindra Manulife Balanced Advantage Fund Direct-Growth's portfolio?

The portfolio PE ratio of Mahindra Manulife Balanced Advantage Fund Direct-Growth is 27.04 as of 31 Jul 2026. The portfolio PE ratio tells you how expensive or cheap the fund's holdings are relative to their earnings.

What is the credit quality of Mahindra Manulife Balanced Advantage Fund Direct-Growth?

As of 31 Jul 2026, Mahindra Manulife Balanced Advantage Fund Direct-Growth's debt portfolio has 8.73% in AAA-rated instruments, 0.76% in AA-rated, and 5.33% in sovereign securities. Higher allocation to AAA and sovereign instruments indicates lower credit risk in the non-equity portion of the portfolio.

When is the latest portfolio disclosure for Mahindra Manulife Balanced Advantage Fund Direct-Growth?

The latest portfolio disclosure for Mahindra Manulife Balanced Advantage Fund Direct-Growth is as of 31 Jul 2026. SEBI requires all mutual funds to disclose their complete portfolio holdings on a monthly basis, typically within 10 days of the end of each month.