HYBRID•DYNAMIC ASSET ALLOCATION OR BALANCED ADVANTAGE
Mahindra Manulife Balanced Advantage Fund
3 Year return
12.65%
NAV on August 17, 2026
16.3199
1D Returns
-0.03%
Launched on December 2021(5 years)
Investment Details
₹500
Minimum SIP Amount
₹1000
Minimum one time investment
Fund has no lock-in period
Calculate Returns
Based on past performance of this fund
₹
Your Investment₹3,600
Gain
22.14%₹797
Total Value ₹4,397
Risk Involved
Your principal will be at
Very High Risk
Scheme Information
Asset Under Management
₹917.31 Cr.
Expense Ratio
0.88% (inclusive of GST)
Exit Load
10% of the units allotted shall be redeemed without any exit load, on or before completion of 3 months from the date of allotment of Units. An exit load of 1% is payable if Units are redeemed / switched-out on or before completion of 3 months from the date of allotment of Units; Nil - If Units are redeemed / switched-out after completion of 3 months from the date of allotment of Units.
Ratings
0
Ratings by other agencies
Value Research
0
Crisil
0
Morning Star
0
Tax Implications
Withdrawal within 1 year:
20% tax on gains
Withdrawal after 1 year:
12.5% tax on gains above ₹1.25 lakh per financial year
Mahindra Manulife Mutual Fund Manager
AG
Amit Garg
Fund Manager since May 2024
FP
Fatema Pacha
Fund Manager since Dec 2021
ML
Manish Lodha
Fund Manager since Dec 2020
ND
Neelesh Dhamnaskar
Fund Manager since Feb 2026
RP
Rahul Pal
Fund Manager since Feb 2017
Fund House Details
Mahindra Manulife Mutual Fund
Asset management company
AUM
₹34,805.24 Cr.
No. of Schemes
76
Setup Date
4 February 2016
Peer Comparison
Comparison with other similar funds
| Funds | 3 Y Returns | ARQ Rating |
|---|---|---|
| HDFC Balanced Advantage Fund | 13.6705% | 4 |
| Baroda BNP Paribas Balanced Advantage Fund | 13.8355% | 3 |
| ICICI Prudential Balanced Advantage Fund | 12.9465% | 5 |
Schemes by Mahindra Manulife Mutual Fund
List of mutual fund schemes by AMC
Funds
3 Years Returns
Hybrid . Aggressive Hybrid Fund
Mahindra Manulife Aggressive Hybrid Fund Direct Plan Monthly IDCW Payout13.6229%
Hybrid . Aggressive Hybrid Fund
Mahindra Manulife Aggressive Hybrid Fund Direct Plan Monthly IDCW Reinvestment13.6229%
Key Features of The Fund
5-year return
0%
Expense Ratio
0.88%
Fund Manager
Amit Garg
Fund Size
₹917.31 Cr.
Risk Profile
Moderately High
AMC Contact Details
| Name | Mahindra Manulife Mutual Fund |
| Launch Date | 4 February 2016 |
| Address | 1st Floor,Sadhna House, 570, P.B Marg, Worli, Mumbai - 400018 |
| Contact | 022 6632 7900 / 1800 419 6244 |
| mfinvestors@mahindra.com | |
| Website | https://www.mahindramanulife.com/ |
Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.
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FAQs
What is today's NAV of Mahindra Manulife Balanced Advantage Fund?
NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of Mahindra Manulife Balanced Advantage Fund on August 17, 2026, is ₹16.3199
What is the AUM of Mahindra Manulife Balanced Advantage Fund?
Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of Mahindra Manulife Balanced Advantage Fund, is ₹917.31 crore.
What is the expense ratio of Mahindra Manulife Balanced Advantage Fund?
The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund's returns. The expense ratio of Mahindra Manulife Balanced Advantage Fund is 0.88%
What are the returns of Mahindra Manulife Balanced Advantage Fund since inception?
The Mahindra Manulife Balanced Advantage Fund was launched on December 09, 2021. The fund has delivered a CAGR of undefined since inception.
What is the minimum SIP amount to invest in Mahindra Manulife Balanced Advantage Fund?
A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for Mahindra Manulife Balanced Advantage Fund is ₹500.
How do I invest in Mahindra Manulife Balanced Advantage Fund?
- Make sure you are logged in to Angel One.
- Select the type of investment: SIP or one-time.
- In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
- Proceed by clicking the pay button and choosing your mode of payment.
- Your portfolio will be updated with this investment in 3-5 working days.
How to start an SIP in Mahindra Manulife Balanced Advantage Fund?
- Click on the ‘Invest’ button.
- Enter your desired SIP amount and the SIP date.
- You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
- Choose your payment method between UPI and Net Banking.
- Make your payment.
- Your SIP is created.
How do I automate an SIP in Mahindra Manulife Balanced Advantage Fund?
- Once you create an SIP, click on ‘Set up autopay’
- Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
- Once you verify the OTP, your mandate request will be created.
How can I withdraw/redeem my investment in Mahindra Manulife Balanced Advantage Fund?
- Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
- Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
- Verify the details on the ‘Confirm withdraw’ screen.
- Select the bank account in which you want to receive the funds.
- You will receive your funds within three working days of placing the order.
- You can track your order in the ‘Orders’ section.
ENTER AMOUNT
₹
₹4,397 in 3Y at 12.6485% returns
SIP Date1st of every month
Your next SIP Payment will be on 17 September 2026
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