Overview
Mahindra Manulife Balanced Advantage Fund Direct Growth
Mahindra Manulife Mutual Fund
The scheme seeks 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.
Investments in Mahindra Manulife Balanced Advantage Fund Direct Growth are subject to market risks. Please read the offer document carefully before investing to understand the potential market risks and rewards.
Latest NAV
₹ 14.8128
Fund Size (AUM)
₹864.15 Cr
Risk
Very High (Risk rating: 6/10)
Minimum Investment
Lumpsum: ₹ 1000
SIP: ₹500
Launch Date
30-Dec-2021
Expense Ratio
0.59%
Exit Load
Exit load for units in excess of 10% of the investment 1% will be charged for redemption within 3 months.
Benchmark
NIFTY 50 Hybrid Composite Debt 50:50 Index
Standard Deviation
8.82
History
Performance & Ratios
1-Year SIP Return
-1.5%
3-Year SIP Return
13.17%
5-Year SIP Return
N/A
Mean Return
N/A
Alpha
2.4
Beta
0.79
Sharpe Ratio
0.73
Sortino Ratio
1.23
Information Ratio
0.36
Returns
| 1Y | 3Y | 5Y | All Time | |
|---|---|---|---|---|
| Fund Returns | 9.38% | 13.55% | N/A | N/A |
| Category Average | 7.8% | 11.08% | 14.77% | N/A |
| Rank Within Category | 25 | 11 | N/A | N/A |
Holdings (76)
| Company | Sector | Instrument | Assets |
|---|---|---|---|
| Reliance Industries Ltd. | Energy | Equity | 6.64% |
| Bajaj Finance Ltd. | Financial | Equity | 4.66% |
| GOI | Sovereign | GOI Sec | 4.31% |
| HDFC Bank Ltd. | Financial | Equity | 3.81% |
| National Bank For Agriculture & Rural Development | Financial | Bonds | 3.47% |
| GOI | Sovereign | GOI Sec | 2.54% |
| Divi's Laboratories Ltd. | Healthcare | Equity | 2.41% |
| National Bank For Agriculture & Rural Development | Financial | Debenture | 2.35% |
| Ultratech Cement Ltd. | Construction | Equity | 2.04% |
| REC Ltd. | Financial | Equity | 2.01% |
Holdings Analysis
Peer Comparison
Peer Comparison
| Fund Name | AUM (₹ Cr) | 1Y Return (%) | 3Y Return (%) | Expense Ratio (%) | Rating |
|---|---|---|---|---|---|
| HDFC Balanced Advantage Fund Direct Growth | 94824.34 | 10.74 | 19.79 | 0.88 | N/A |
| Baroda BNP Paribas Balanced Advantage Fund Direct Growth | 4073.23 | 9.95 | 14.24 | 0.77 | N/A |
| SBI Balanced Advantage Fund Direct Growth | 34015.41 | 9.04 | 13.96 | 0.71 | N/A |
| ICICI Prudential Balanced Advantage Direct Growth | 60591.13 | 11.47 | 13.24 | 0.92 | N/A |
| Tata Balanced Advantage Fund Direct Growth | 10075.2 | 7.56 | 12.03 | 0.36 | N/A |
SIP, STP & SWP Details
Systematic Investment Plan (SIP):
Frequency: Monthly
Min Amount: ₹ 500
Multiplier: 1
Systematic Transfer Plan (STP):
Frequency: MONTHLY
Dates: Any day of the month
Min Amount: ₹ 1000
Min Installments: 6
Systematic Withdrawal Plan (SWP):
Frequency: MONTHLY
Dates: Any day of the month
Min Amount: ₹ 500
Min Installments: 2
AMC Details
Asset Management Company
Mahindra Mutual Fund
Mahindra Mutual Fund started their mutual fund on 04/02/2016 and its managing total assets of ₹2,241 Cr. Its ranked at 31 as per total assets at end of 30th Sep 2017. Mahindra Mutual Fund employs robust strategies to manage market risks, but investments remain subject to market risks. Please read the fund’s documentation for detailed risk management policies.
Mahindra is one of the leading brands in the country and has garnered trust of customers across the nation. Mahindra Asset Management Company Private Limited is a wholly owned subsidiary of Mahindra and Mahindra Financial Services Limited (MMFSL).
Mahindra provides various schemes across different market capitalization in various categories. It focuses mainly in the rural and semi-urban areas. The fact that Mahindra concentrates more on financially empowering masses in the rural area, makes it stand out in the mutual fund industry and it aspires to become the best financial service provider to people who live in semi-urban and rural areas.
The motto of the company is therefore unique because it not only wants to revolutionize the financial industry, it also aims at building a change within the community, by helping investors who do not hail from an urban set-up.
Launch Date
2016-02-04T00:00:00.999Z
Total AUM
₹ 4742.0 Cr
Address
1st Floor, Sadhana House, Behind Mahindra Tower, 570 P. B. Marg, Worli, Mumbai 400018
Phone
022-66327900
Website
Sub Type
Contra
Sub Type Info
Contra funds follow Contrarian strategy which means investing in stocks in contrast to the prevailing sentiment. Minimum investment in equity is 65%.
Tax Impact
Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.
Stamp Duty
0.005% (from July 1st, 2020)
Fund Manager Details
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Mahindra Manulife Balanced Advantage Fund Direct Growth
Mahindra Manulife Mutual Fund
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Frequently Asked Questions
How is the overall rating calculated?
The overall rating for Mahindra Manulife Balanced Advantage Fund Direct Growth is an aggregate score based on performance metrics (returns over 1, 3, and 5 years), risk-adjusted returns (Sharpe and Sortino ratios), and consistency relative to its category. Ratings are on a scale of 1 to 5, with 5 being the highest.
What are the top stocks of Mahindra Manulife Balanced Advantage Fund Direct Growth?
The top stocks held by Mahindra Manulife Balanced Advantage Fund Direct Growth include Reliance Industries Ltd., Bajaj Finance Ltd., GOI.
Which industries does Mahindra Manulife Balanced Advantage Fund Direct Growth invest in?
Mahindra Manulife Balanced Advantage Fund Direct Growth primarily invests in the following industries: Energy, Financial, Sovereign.
Who are the fund managers of Mahindra Manulife Balanced Advantage Fund Direct Growth?
The fund managers of Mahindra Manulife Balanced Advantage Fund Direct Growth are Rahul Pal and Fatema Pacha and Manish Lodha.
How many years has the fund manager been managing Mahindra Manulife Balanced Advantage Fund Direct Growth?
Rahul Pal:
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Fatema Pacha:
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Manish Lodha:
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What is the minimum investment for Mahindra Manulife Balanced Advantage Fund Direct Growth?
The minimum investment for Mahindra Manulife Balanced Advantage Fund Direct Growth is ₹1000 for lumpsum investments and ₹500 for SIPs.
What are the average 1-year returns for Mahindra Manulife Balanced Advantage Fund Direct Growth?
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What are the average 3-year returns for Mahindra Manulife Balanced Advantage Fund Direct Growth?
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What is the expense ratio of Mahindra Manulife Balanced Advantage Fund Direct Growth, and how does it compare to its category?
The expense ratio of Mahindra Manulife Balanced Advantage Fund Direct Growth is 0.59%. The average expense ratio for similar funds in the Hybrid is Calculating....