What stocks does Mahindra Manulife Balanced Advantage Fund hold?

Mahindra Manulife Balanced Advantage Fund holds a portfolio of Indian equity stocks disclosed monthly by Mahindra Manulife Mutual Fund to AMFI. The complete current holdings with weights and month-over-month changes are available on this page. Data is sourced from official AMFI portfolio disclosures.

Which AMC manages Mahindra Manulife Balanced Advantage Fund?

Mahindra Manulife Balanced Advantage Fund is managed by Mahindra Manulife Mutual Fund, a SEBI-registered Asset Management Company in India.

What category is Mahindra Manulife Balanced Advantage Fund?

Mahindra Manulife Balanced Advantage Fund is classified as a Balanced Advantage mutual fund under SEBI's mutual fund categorisation framework.

How often is Mahindra Manulife Balanced Advantage Fund portfolio data updated?

Portfolio holdings for Mahindra Manulife Balanced Advantage Fund are updated monthly. SEBI mandates all AMCs to disclose their complete portfolio within 10 days of each month end. RightAdvise sources this data directly from official AMFI portfolio disclosures.

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Mahindra Manulife Balanced Advantage Fund - Direct Plan - Growth

Balanced Advantage Data as of Jun 2026 Comparing May 2026 → Jun 2026

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Stocks Held

Jun 2026

Equity Holdings

₹627.75 Cr

Equity only, excl. debt & cash

Top 5 Weight

13.5%

Diversified

Top 10 Weight

22.7%

Diversified

Changes

1 new · 2 exits

Top Sector

Banks

17.0% of portfolio

📋 What Happened This Month Mahindra Manulife Balanced Advantage Fund made 1 new addition and exited 2 stocks this month. The biggest new buy was Marico Limited (Agricultural Food & other Products) at 0.69% weight. CRISIL Limited was the biggest exit (Finance), which was held at 0.48%. Among existing holdings, ICICI Bank Limited saw the biggest increase — now at 3.92% of the portfolio. Indus Towers Limited was trimmed the most, now at 0.98%. ICICI Bank Limited remains the top holding with Banks the dominant sector at 17.0%. ↓ Scroll down for full holdings, sector allocation and month-on-month changes in detail.

How Has the NAV Performed?

1 year history · Mahindra Manulife Balanced Advantage Fund - Direct Plan - Growth

+2.31%

+4.07%

+1.79%

+2.61%

Latest NAV

₹16.05

14 Jul 2026

52W High

₹16.11

-0% from High

52W Low

₹13.79

+16% from Low

Calendar Year Returns

Jan 1 to Dec 31 each year. Simple point-to-point — not CAGR.

2025

+5.9%

2024

+16.1%

2023

+22.0%

Rolling Returns

Performance across every possible investment start date.

1Y Rolling Avg

14.1%

+ve in 100% windows

36.7% / -0.1%

3Y Rolling Avg

14.6% p.a.

+ve in 100% windows

18.8% / 11.4%

Crisis Period Behaviour

"Pre-inception" = fund didn't exist during that period.

2024–25 Tariff

-9.7%

Rec: Jun 2025 (5 mo)

COVID-19 Crash

Pre-inception

Rec: N/A

2022 Rate Hike

-7.9%

Rec: Aug 2022 (3 mo)

2018 IL&FS

Pre-inception

Rec: N/A

Risk Ratios

3 years daily NAV · Risk-free rate 6.5% p.a. What do these mean? →

Sharpe Ratio (3Y)

0.74

Return per unit of risk. >1 is good.

Sortino Ratio (3Y)

1.01

Penalises downside volatility only.

Std Deviation (3Y)

10.0%

Lower = more consistent returns.

NAV Chart ₹16.05 14 Jul 2026

Simple Moving Avg: Click to draw · click again to remove

Mahindra Manulife Balanced Advantage Fund - Direct Plan - Growth

Chart shows indexed performance (base = 100). Actual NAV: ₹16.05

Sector Shift Industry allocation month-over-month

Apr 2026 → May 2026

Sector	Prev	Curr ▼	Delta
Banks	17.2%	16.2%	▼ -1.0%
Pharmaceuticals & Biotechnology	5.3%	5.8%	▲ +0.6%
Finance	4.1%	4.1%	● 0.0%
Telecom - Services	4.4%	4.1%	▼ -0.3%
Retailing	4.0%	4.1%	● +0.1%
Automobiles	3.3%	3.3%	● +0.0%
Healthcare Services	2.9%	3.1%	▲ +0.1%
IT - Software	2.6%	3.1%	▲ +0.4%
Capital Markets	2.7%	2.7%	● +0.0%
Petroleum Products	2.7%	2.5%	▼ -0.2%

May 2026 → Jun 2026

Sector	Prev	Curr ▼	Delta
Banks	16.2%	17.0%	▲ +0.8%
Pharmaceuticals & Biotechnology	5.8%	5.6%	▼ -0.2%
Retailing	4.1%	4.4%	▲ +0.3%
Telecom - Services	4.1%	3.4%	▼ -0.7%
Finance	4.1%	3.4%	▼ -0.8%
Automobiles	3.3%	3.3%	● -0.1%
Healthcare Services	3.1%	3.2%	● +0.1%
IT - Software	3.1%	2.8%	▼ -0.3%
Capital Markets	2.7%	2.7%	● 0.0%
Petroleum Products	2.5%	2.4%	▼ -0.1%

🟢

Biggest New Buy

Marico Limited

0.69% weight · Agricultural Food & other Products

🔴

Biggest Exit

CRISIL Limited

0.48% was held · Finance

↑

Biggest Add

ICICI Bank Limited

+0.72% · now 3.92%

↓

Biggest Trim

Indus Towers Limited

-0.70% · now 0.98%

🤝 Other funds also bought this month

Marico Limited 17 funds

👋 Other funds also exited

Britannia Industries Limited 22 funds

CRISIL Limited 3 funds

What Changed in the Portfolio This Month?

Comparing May 2026 → Jun 2026

May 2026 → Jun 2026

🟢 1 New Entry 🔴 2 Exits ↑ 26 Increased ↓ 30 Decreased

#	Stock	Sector	Weight (Jun 2026)
1	Marico Limited ₹6.27 Cr	Agricultural Food & other Products	0.69%

#	Stock	Sector	Last Weight (May 2026)
1	CRISIL Limited ₹4.22 Cr	Finance	0.48%
2	Britannia Industries Limited ₹3.90 Cr	Food Products	0.44%

#	Stock	Sector	May 2026	Jun 2026	Change
1	ICICI Bank Limited ₹35.41 Cr	Banks	3.20%	3.92%	+0.72%
2	Polycab India Limited ₹7.47 Cr	Industrial Products	0.48%	0.83%	+0.35%
3	Aditya Vision Ltd ₹13.60 Cr	Retailing	1.25%	1.50%	+0.25%
4	The Federal Bank Limited ₹13.86 Cr	Banks	1.37%	1.53%	+0.16%
5	Laurus Labs Limited ₹16.69 Cr	Pharmaceuticals & Biotechnology	1.70%	1.85%	+0.15%
6	Bank of Maharashtra ₹12.23 Cr	Banks	1.20%	1.35%	+0.15%
7	HDFC Bank Limited ₹23.24 Cr	Banks	2.45%	2.57%	+0.12%
8	Apollo Hospitals Enterprise Limited ₹16.06 Cr	Healthcare Services	1.71%	1.78%	+0.07%
9	Titan Company Limited ₹11.67 Cr	Consumer Durables	1.22%	1.29%	+0.07%
10	IDFC First Bank Limited ₹7.39 Cr	Banks	0.75%	0.82%	+0.07%
11	Aditya Birla Sun Life AMC Limited ₹9.24 Cr	Capital Markets	0.96%	1.02%	+0.06%
12	Radico Khaitan Limited ₹6.71 Cr	Beverages	0.68%	0.74%	+0.06%
13	Axis Bank Limited ₹20.19 Cr	Banks	2.18%	2.23%	+0.05%
14	Eternal Limited ₹16.01 Cr	Retailing	1.72%	1.77%	+0.05%
15	Maruti Suzuki India Limited ₹9.60 Cr	Automobiles	1.01%	1.06%	+0.05%
16	Aditya Birla Capital Limited ₹9.01 Cr	Finance	0.95%	1.00%	+0.05%
17	L&T Finance Limited ₹7.50 Cr	Finance	0.78%	0.83%	+0.05%
18	The Phoenix Mills Limited ₹6.82 Cr	Realty	0.70%	0.75%	+0.05%
19	Bosch Limited ₹7.18 Cr	Auto Components	0.75%	0.79%	+0.04%
20	Mahanagar Gas Limited ₹6.54 Cr	Gas	0.69%	0.72%	+0.03%
21	IIFL Finance Limited ₹3.84 Cr	Finance	0.40%	0.43%	+0.03%
22	Delhivery Limited ₹9.02 Cr	Transport Services	0.98%	1.00%	+0.02%
23	Black Buck Ltd ₹6.10 Cr	Transport Services	0.66%	0.68%	+0.02%
24	Fortis Healthcare Limited ₹12.44 Cr	Healthcare Services	1.37%	1.38%	+0.01%
25	Coforge Limited ₹5.57 Cr	IT - Software	0.61%	0.62%	+0.01%
26	Torrent Pharmaceuticals Limited ₹4.25 Cr	Pharmaceuticals & Biotechnology	0.46%	0.47%	+0.01%

#	Stock	Sector	May 2026	Jun 2026	Change
1	Indus Towers Limited ₹8.85 Cr	Telecom - Services	1.68%	0.98%	-0.70%
2	UltraTech Cement Limited ₹8.55 Cr	Cement & Cement Products	1.64%	0.95%	-0.69%
3	State Bank of India ₹13.50 Cr	Banks	1.90%	1.49%	-0.41%
4	Bajaj Finance Limited ₹10.00 Cr	Finance	1.52%	1.11%	-0.41%
5	Jindal Steel Limited ₹14.82 Cr	Ferrous Metals	1.91%	1.64%	-0.27%
6	Divi's Laboratories Limited ₹7.43 Cr	Pharmaceuticals & Biotechnology	1.06%	0.82%	-0.24%
7	Oil & Natural Gas Corporation Limited ₹10.83 Cr	Oil	1.38%	1.20%	-0.18%
8	Infosys Limited ₹7.81 Cr	IT - Software	1.03%	0.86%	-0.17%
9	Reliance Industries Limited ₹21.35 Cr	Petroleum Products	2.47%	2.36%	-0.11%
10	Coal India Limited ₹13.87 Cr	Consumable Fuels	1.64%	1.53%	-0.11%
11	Tech Mahindra Limited ₹11.80 Cr	IT - Software	1.41%	1.31%	-0.10%
12	Bajaj Auto Limited ₹7.77 Cr	Automobiles	0.95%	0.86%	-0.09%
13	Glenmark Pharmaceuticals Limited ₹10.60 Cr	Pharmaceuticals & Biotechnology	1.24%	1.17%	-0.07%
14	Bharat Heavy Electricals Limited ₹14.49 Cr	Electrical Equipment	1.65%	1.60%	-0.05%
15	Multi Commodity Exchange of India Limited ₹7.66 Cr	Capital Markets	0.90%	0.85%	-0.05%
16	Vishal Mega Mart Limited ₹7.50 Cr	Retailing	0.88%	0.83%	-0.05%
17	Senores Pharmaceuticals Ltd ₹11.97 Cr	Pharmaceuticals & Biotechnology	1.36%	1.32%	-0.04%
18	Indian Bank ₹8.57 Cr	Banks	0.99%	0.95%	-0.04%
19	Cummins India Limited ₹5.66 Cr	Industrial Products	0.67%	0.63%	-0.04%
20	Max Financial Services Limited ₹4.20 Cr	Insurance	0.50%	0.46%	-0.04%
21	Bharat Electronics Limited ₹11.86 Cr	Aerospace & Defense	1.34%	1.31%	-0.03%
22	Power Grid Corporation of India Limited ₹8.30 Cr	Power	0.95%	0.92%	-0.03%
23	HDFC Asset Management Company Limited ₹7.16 Cr	Capital Markets	0.82%	0.79%	-0.03%
24	JSW Energy Limited ₹5.71 Cr	Power	0.66%	0.63%	-0.03%
25	ICICI Lombard General Insurance Company Limited ₹4.53 Cr	Insurance	0.53%	0.50%	-0.03%
26	Bharti Airtel Limited ₹21.85 Cr	Telecom - Services	2.44%	2.42%	-0.02%
27	IndusInd Bank Limited ₹19.04 Cr	Banks	2.13%	2.11%	-0.02%
28	Mahindra & Mahindra Limited ₹12.15 Cr	Automobiles	1.36%	1.34%	-0.02%
29	Larsen & Toubro Limited ₹13.01 Cr	Construction	1.45%	1.44%	-0.01%
30	SRF Limited ₹7.12 Cr	Chemicals & Petrochemicals	0.80%	0.79%	-0.01%

What Stocks Does This Fund Hold?

59 stocks — Jun 2026

#	Stock	Sector	Weight & Value
1	ICICI Bank Limited ₹35.41 Cr	Banks	3.92%
2	HDFC Bank Limited ₹23.24 Cr	Banks	2.57%
3	Bharti Airtel Limited ₹21.85 Cr	Telecom - Services	2.42%
4	Reliance Industries Limited ₹21.35 Cr	Petroleum Products	2.36%
5	Axis Bank Limited ₹20.19 Cr	Banks	2.23%
6	IndusInd Bank Limited ₹19.04 Cr	Banks	2.11%
7	Laurus Labs Limited ₹16.69 Cr	Pharmaceuticals & Biotechnology	1.85%
8	Apollo Hospitals Enterprise Limited ₹16.06 Cr	Healthcare Services	1.78%
9	Eternal Limited ₹16.01 Cr	Retailing	1.77%
10	Jindal Steel Limited ₹14.82 Cr	Ferrous Metals	1.64%
11	Bharat Heavy Electricals Limited ₹14.49 Cr	Electrical Equipment	1.60%
12	Coal India Limited ₹13.87 Cr	Consumable Fuels	1.53%
13	The Federal Bank Limited ₹13.86 Cr	Banks	1.53%
14	Aditya Vision Ltd ₹13.60 Cr	Retailing	1.50%
15	State Bank of India ₹13.50 Cr	Banks	1.49%
16	Larsen & Toubro Limited ₹13.01 Cr	Construction	1.44%
17	Fortis Healthcare Limited ₹12.44 Cr	Healthcare Services	1.38%
18	Bank of Maharashtra ₹12.23 Cr	Banks	1.35%
19	Mahindra & Mahindra Limited ₹12.15 Cr	Automobiles	1.34%
20	Senores Pharmaceuticals Ltd ₹11.97 Cr	Pharmaceuticals & Biotechnology	1.32%
21	Bharat Electronics Limited ₹11.86 Cr	Aerospace & Defense	1.31%
22	Tech Mahindra Limited ₹11.80 Cr	IT - Software	1.31%
23	Titan Company Limited ₹11.67 Cr	Consumer Durables	1.29%
24	Oil & Natural Gas Corporation Limited ₹10.83 Cr	Oil	1.20%
25	Glenmark Pharmaceuticals Limited ₹10.60 Cr	Pharmaceuticals & Biotechnology	1.17%
26	Bajaj Finance Limited ₹10.00 Cr	Finance	1.11%
27	Maruti Suzuki India Limited ₹9.60 Cr	Automobiles	1.06%
28	Aditya Birla Sun Life AMC Limited ₹9.24 Cr	Capital Markets	1.02%
29	Aditya Birla Capital Limited ₹9.01 Cr	Finance	1.00%
30	Delhivery Limited ₹9.02 Cr	Transport Services	1.00%
31	Indus Towers Limited ₹8.85 Cr	Telecom - Services	0.98%
32	Indian Bank ₹8.57 Cr	Banks	0.95%
33	UltraTech Cement Limited ₹8.55 Cr	Cement & Cement Products	0.95%
34	Power Grid Corporation of India Limited ₹8.30 Cr	Power	0.92%
35	Infosys Limited ₹7.81 Cr	IT - Software	0.86%
36	Bajaj Auto Limited ₹7.77 Cr	Automobiles	0.86%
37	Multi Commodity Exchange of India Limited ₹7.66 Cr	Capital Markets	0.85%
38	Vishal Mega Mart Limited ₹7.50 Cr	Retailing	0.83%
39	L&T Finance Limited ₹7.50 Cr	Finance	0.83%
40	Polycab India Limited ₹7.47 Cr	Industrial Products	0.83%
41	Divi's Laboratories Limited ₹7.43 Cr	Pharmaceuticals & Biotechnology	0.82%
42	IDFC First Bank Limited ₹7.39 Cr	Banks	0.82%
43	SRF Limited ₹7.12 Cr	Chemicals & Petrochemicals	0.79%
44	HDFC Asset Management Company Limited ₹7.16 Cr	Capital Markets	0.79%
45	Bosch Limited ₹7.18 Cr	Auto Components	0.79%
46	The Phoenix Mills Limited ₹6.82 Cr	Realty	0.75%
47	Radico Khaitan Limited ₹6.71 Cr	Beverages	0.74%
48	Mahanagar Gas Limited ₹6.54 Cr	Gas	0.72%
49	Marico Limited ₹6.27 Cr	Agricultural Food & other Products	0.69%
50	Black Buck Ltd ₹6.10 Cr	Transport Services	0.68%
51	JSW Energy Limited ₹5.71 Cr	Power	0.63%
52	Cummins India Limited ₹5.66 Cr	Industrial Products	0.63%
53	Coforge Limited ₹5.57 Cr	IT - Software	0.62%
54	ICICI Lombard General Insurance Company Limited ₹4.53 Cr	Insurance	0.50%
55	Torrent Pharmaceuticals Limited ₹4.25 Cr	Pharmaceuticals & Biotechnology	0.47%
56	Max Financial Services Limited ₹4.20 Cr	Insurance	0.46%
57	IIFL Finance Limited ₹3.84 Cr	Finance	0.43%
58	Hindustan Aeronautics Limited ₹3.51 Cr	Aerospace & Defense	0.39%
59	Arvind Fashions Limited ₹2.35 Cr	Retailing	0.26%