Mahindra Manulife Balanced Advantage Fund Direct-Growth
Hybrid: Dynamic Asset Allocation - Growth (Open ended)
SEBI Riskometer: Very HighCategory: Hybrid: Dynamic Asset AllocationBenchmark: NIFTY 50 Hybrid Composite Debt 50:50 IndexCheck Portfolio Overlap →
NAV: ₹15.35-0.77%
23 Oct 2026
Holdings Analysis
Equity, debt and cash allocation snapshot with market cap distribution for Mahindra Manulife Balanced Advantage Fund Direct-Growth.
Market Cap Distribution
Large Cap (62.5%)
Mid Cap (27.5%)
Small Cap (9.9%)
Historical Asset Allocation
| Asset | 30 Sep 2026 | 31 Aug 2026 | 31 Jul 2026 | 30 Jun 2026 | 31 May 2026 | 30 Apr 2026 |
|---|---|---|---|---|---|---|
| Equity | 67.80% | 69.77% | 69.33% | 69.44% | 71.06% | 70.93% |
| Debt | 24.49% | 23.51% | 21.91% | 24.51% | 21.47% | 23.63% |
| Others (incl. cash) | 5.53% | 4.62% | 6.65% | 3.98% | 6.46% | 5.44% |
| Commodities | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Real Estate | 2.17% | 2.10% | 2.11% | 2.07% | 1.01% | 0.00% |
Portfolio Snapshot
No. of Securities
80
P/E Ratio
27.64
P/B Ratio
3.39
Top Holding %
5.53%
Top 5 Holdings %
18.47%
Top 10 Holdings %
29.77%
Modified Duration
3.25 yrs
Avg. Maturity
7.52 yrs
Yield to Maturity
7.62%
AUM
₹879 Cr
Expense Ratio
0.85%
Since Inception
9.31%
Max Drawdown
-0.10%
Sharpe Ratio
0.45
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 | 34.03 | 3.87% | -0.18%↓ |
| Bharti Airtel Ltd. | Communication | 1,18,000 | 20.73 | 2.36% | 0.04%↑ |
| HDFC Bank Ltd. | Financial | 2,91,201 | 20.64 | 2.35% | 0.11%↑ |
| Reliance Industries Ltd. | Energy | 1,65,000 | 19.59 | 2.23% | -0.05%↓ |
| Eternal Ltd. | Services | 6,05,000 | 19.36 | 2.20% | 0.05%↑ |
| Indusind Bank Ltd. | Financial | 2,06,000 | 18.57 | 2.11% | -0.16%↓ |
| Axis Bank Ltd. | Financial | 1,50,000 | 18.39 | 2.09% | -0.02%↓ |
| Jindal Steel Ltd. | Metals & Mining | 1,39,812 | 15.87 | 1.81% | -0.00%↓ |
| Apollo Hospitals Enterprise Ltd. | Healthcare | 18,500 | 15.11 | 1.72% | -0.06%↓ |
| Laurus Labs Ltd. | Healthcare | 75,761 | 15 | 1.71% | -0.23%↓ |
| The Federal Bank Ltd. | Financial | 4,20,000 | 13.33 | 1.52% | -0.11%↓ |
| Tech Mahindra Ltd. | Technology | 84,000 | 12.8 | 1.46% | -0.02%↓ |
| State Bank of India | Financial | 1,31,500 | 12.62 | 1.44% | -0.07%↓ |
| Senores Pharmaceuticals Ltd. | Healthcare | 90,000 | 12.47 | 1.42% | 0.02%↑ |
| Bajaj Finance Ltd. | Financial | 1,29,549 | 12.43 | 1.41% | -0.07%↓ |
| Aditya Vision Ltd. | Services | 2,06,658 | 12.28 | 1.40% | 0.05%↑ |
| Titan Company Ltd. | Consumer Discretionary | 26,500 | 12.16 | 1.38% | -0.08%↓ |
| Larsen & Toubro Ltd. | Construction | 31,400 | 11.81 | 1.34% | -0.03%↓ |
| Mahindra & Mahindra Ltd. | Automobile | 39,600 | 11.68 | 1.33% | -0.08%↓ |
| Bharat Heavy Electricals Ltd. | Capital Goods | 2,78,000 | 11.55 | 1.31% | -0.02%↓ |
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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 | 30 Sep 2026 | 31 Aug 2026 | 31 Jul 2026 | 30 Jun 2026 | 31 May 2026 | 30 Apr 2026 |
|---|---|---|---|---|---|---|
| Financial | 21.39% | 22.69% | 22.23% | 22.61% | 22.10% | 23.00% |
| Healthcare | 10.06% | 10.41% | 9.53% | 8.79% | 8.90% | 8.21% |
| Services | 7.27% | 7.17% | 6.83% | 6.63% | 6.87% | 6.92% |
| Capital Goods | 5.25% | 5.38% | 5.06% | 5.39% | 5.19% | 4.80% |
| Automobile | 4.08% | 4.29% | 4.21% | 4.05% | 4.07% | 4.03% |
| Energy | 3.90% | 3.91% | 4.96% | 5.20% | 5.49% | 5.55% |
| Technology | 3.27% | 3.44% | 3.18% | 2.79% | 3.05% | 2.64% |
| Communication | 3.06% | 3.02% | 3.25% | 3.40% | 4.12% | 4.40% |
| Construction | 2.64% | 2.61% | 2.56% | 2.19% | 2.15% | 2.12% |
| Materials | 1.97% | 1.86% | 1.94% | 2.48% | 3.28% | 3.37% |
| Metals & Mining | 1.81% | 1.81% | 1.68% | 1.64% | 1.91% | 1.93% |
| Consumer Staples | 1.52% | 1.49% | 1.51% | 1.43% | 1.12% | 1.14% |
| Consumer Discretionary | 1.38% | 1.46% | 1.41% | 1.29% | 1.22% | 1.31% |
| Textiles | 0.22% | 0.24% | 0.24% | 0.26% | 0.26% | 0.25% |
| Chemicals | - | - | 0.74% | 0.79% | 0.80% | 0.74% |
| Insurance | - | - | - | 0.50% | 0.53% | 0.52% |
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 | 9.33% | 8.73% |
| AA+ | 7.38% | 1.76% |
| SOV | 6.65% | 7.34% |
| Cash & Call Money | 5.48% | 8.10% |
| AA | 1.13% | 0.88% |
| Cash | 0.06% | 4.49% |
| A | - | 0.01% |
| A+ | - | 0.04% |
| A- | - | 0.10% |
| A1+ | - | 1.87% |
| AA- | - | 0.24% |
| BBB+ | - | 0.06% |
| Others | - | 0.26% |
| Term Deposits | - | 0.02% |
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
64.6 / 100
Weighted average Price Momentum score is 64.6. This indicates that portfolio has average momentum using composite of momentum measures.
Quality score
70.2 / 100
Weighted average Quality score is 70.2. This indicates that portfolio has average quality using composite of quality measures.
QVM score
71.6 / 100
Weighted average QVM score is 71.6. This indicates that portfolio has average QVM score and hence a neutral stance is warranted.
Red Flags
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 |
|---|---|---|---|---|---|
| GOI | GOI Securities | 7.71% | 18/05/2066 | SOV | 3.41% |
| Muthoot Finance Ltd. | Debenture | 8.52% | 07/04/2028 | CRISIL AA+ | 2.83% |
| National Bank For Agriculture & Rural Development | Bonds | 7.44% | 17/07/2029 | CRISIL AAA | 2.82% |
| Godrej Properties Ltd. | Debenture | 8.30% | 19/03/2027 | ICRA AA+ | 1.71% |
| Bharti Telecom Ltd. | Debenture | 8.75% | 05/11/2028 | CRISIL AAA | 1.15% |
| LIC Housing Finance Ltd. | Debenture | 7.84% | 11/05/2027 | CRISIL AAA | 1.14% |
| Power Finance Corporation Ltd. | Non Convertible Debenture | 7.55% | 15/04/2027 | CRISIL AAA | 1.14% |
| Muthoot Finance Ltd. | Debenture | 0.00% | 26/07/2029 | CRISIL AA+ | 1.14% |
| Muthoot Finance Ltd. | Debenture | 8.52% | 26/05/2028 | CRISIL AA+ | 1.13% |
| Mindspace Business Parks REIT | Debenture | 6.96% | 08/12/2028 | ICRA AAA | 1.12% |
| GOI | GOI Securities | 7.24% | 18/08/2055 | SOV | 1.08% |
| Maharashtra State | State Development Loan | 6.98% | 25/06/2037 | SOV | 1.07% |
| JM Financial Services Pvt. Ltd. | Debenture | 8.30% | 27/05/2027 | CRISIL AA | 0.79% |
| National Bank For Agriculture & Rural Development | Debenture | 7.62% | 10/05/2029 | CRISIL AAA | 0.57% |
| TVS Credit Services Ltd. | Non Convertible Debenture | 8.85% | 11/06/2027 | CRISIL AA+ | 0.57% |
| Embassy Office Parks REIT | Bonds | 7.73% | 14/12/2029 | CRISIL AAA | 0.56% |
| Small Industries Devp. Bank of India Ltd. | Non Convertible Debenture | 7.29% | 09/11/2029 | CRISIL AAA | 0.56% |
| 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% |
| 360 ONE Wealth Ltd. | Non Convertible Debenture | 8.95% | 04/06/2027 | ICRA AA | 0.34% |
| National Bank For Agriculture & Rural Development | Debenture | 7.70% | 30/09/2027 | ICRA AAA | 0.28% |
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 30 Sep 2026 are Others (5.53%), ICICI Bank Ltd. (3.87%), GOI (3.41%), Muthoot Finance Ltd. (2.83%), National Bank For Agriculture & Rural Development (2.82%). These top 5 stocks together account for 18.47% 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 80 stocks in its portfolio as of 30 Sep 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 30 Sep 2026, Mahindra Manulife Balanced Advantage Fund Direct-Growth's top sector allocations are Financial (21.39%), Healthcare (10.06%), Services (7.27%). You can find detailed sector allocation above.
What is the equity and debt allocation of Mahindra Manulife Balanced Advantage Fund Direct-Growth?
As of 30 Sep 2026, Mahindra Manulife Balanced Advantage Fund Direct-Growth has 67.80% allocated to equity, and 24.49% 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 30 Sep 2026, Mahindra Manulife Balanced Advantage Fund Direct-Growth's market cap allocation is 62.54% in large caps, 27.54% in mid caps, and 9.92% 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 27.64 as of 30 Sep 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 30 Sep 2026, Mahindra Manulife Balanced Advantage Fund Direct-Growth's debt portfolio has 9.33% in AAA-rated instruments, 1.13% in AA-rated, and 6.65% 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 30 Sep 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.