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 Apr 2026 Comparing Mar 2026 → Apr 2026

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Stocks Held

Apr 2026

Equity Holdings

₹629.21 Cr

Equity only, excl. debt & cash

Top 5 Weight

13.5%

Diversified

Top 10 Weight

23.4%

Diversified

Changes

5 new · 3 exits

Top Sector

Banks

17.2% of portfolio

📋 What Happened This Month Mahindra Manulife Balanced Advantage Fund made 5 new additions and exited 3 stocks this month. The biggest new buy was Jindal Steel Limited (Ferrous Metals) at 1.93% weight. JSW Steel Limited was the biggest exit (Ferrous Metals), which was held at 2.70%. Among existing holdings, Eternal Limited saw the biggest increase — now at 1.68% of the portfolio. Indus Towers Limited was trimmed the most, now at 1.89%. ICICI Bank Limited remains the top holding with Banks the dominant sector at 17.2%. ↓ Scroll down for full holdings, sector allocation and month-on-month changes in detail.

NAV Performance

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

-1.77%

+0.30%

-1.86%

+1.55%

Latest NAV

₹15.41

04 Jun 2026

52W High

₹15.97

-4% from High

52W Low

₹13.79

+12% 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

14.4%

+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)

0.75

Return per unit of risk. >1 is good.

Sortino Ratio (3Y)

1.02

Penalises downside volatility only.

Std Deviation (3Y)

9.9%

Lower = more consistent returns.

NAV Chart ₹15.41 04 Jun 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: ₹15.41

Sector Shift Industry allocation month-over-month

Feb 2026 → Mar 2026

Sector	Prev	Curr ▼	Delta
Banks	18.2%	16.6%	▼ -1.6%
Pharmaceuticals & Biotechnology	5.3%	5.6%	▲ +0.3%
Telecom - Services	4.7%	5.1%	▲ +0.3%
IT - Software	3.4%	3.6%	▲ +0.2%
Automobiles	3.3%	3.2%	● 0.0%
Retailing	1.8%	3.1%	▲ +1.3%
Finance	5.4%	3.1%	▼ -2.3%
Healthcare Services	2.9%	2.9%	● 0.0%
Ferrous Metals	3.1%	2.7%	▼ -0.4%
Cement & Cement Products	4.1%	2.7%	▼ -1.4%

Mar 2026 → Apr 2026

Sector	Prev	Curr ▼	Delta
Banks	16.6%	17.2%	▲ +0.6%
Pharmaceuticals & Biotechnology	5.6%	5.3%	▼ -0.3%
Telecom - Services	5.1%	4.4%	▼ -0.7%
Finance	3.1%	4.1%	▲ +1.1%
Retailing	3.1%	4.0%	▲ +0.9%
Automobiles	3.2%	3.3%	● +0.1%
Healthcare Services	2.9%	2.9%	● +0.1%
Petroleum Products	2.7%	2.7%	● 0.0%
Capital Markets	2.3%	2.7%	▲ +0.3%
IT - Software	3.6%	2.6%	▼ -0.9%

🟢

Biggest New Buy

Jindal Steel Limited

1.93% weight · Ferrous Metals

🔴

Biggest Exit

JSW Steel Limited

2.70% was held · Ferrous Metals

↑

Biggest Add

Eternal Limited

+0.69% · now 1.68%

↓

Biggest Trim

Indus Towers Limited

-1.22% · now 1.89%

🤝 Other funds also bought this month

L&T Finance Limited 30 funds

Jindal Steel Limited 28 funds

Delhivery Limited 27 funds

Aditya Birla Capital Limited 23 funds

Black Buck Ltd 11 funds

👋 Other funds also exited

LTIMindtree Limited 23 funds

Kajaria Ceramics Limited 11 funds

JSW Steel Limited 9 funds

What Changed?

Comparing Mar 2026 → Apr 2026

Mar 2026 → Apr 2026

🟢 5 New Entries 🔴 3 Exits ↑ 35 Increased ↓ 16 Decreased

#	Stock	Sector	Weight (Apr 2026)
1	Jindal Steel Limited ₹17.10 Cr	Ferrous Metals	1.93%
2	Delhivery Limited ₹8.92 Cr	Transport Services	1.01%
3	Aditya Birla Capital Limited ₹7.95 Cr	Finance	0.90%
4	L&T Finance Limited ₹6.75 Cr	Finance	0.76%
5	Black Buck Ltd ₹6.30 Cr	Transport Services	0.71%

#	Stock	Sector	Last Weight (Mar 2026)
1	JSW Steel Limited ₹22.47 Cr	Ferrous Metals	2.70%
2	LTIMindtree Limited ₹6.45 Cr	IT - Software	0.77%
3	Kajaria Ceramics Limited ₹4.78 Cr	Consumer Durables	0.57%

#	Stock	Sector	Mar 2026	Apr 2026	Change
1	Eternal Limited ₹14.95 Cr	Retailing	0.99%	1.68%	+0.69%
2	Bharti Airtel Limited ₹22.26 Cr	Telecom - Services	1.97%	2.51%	+0.54%
3	Bharat Heavy Electricals Limited ₹12.33 Cr	Electrical Equipment	1.03%	1.39%	+0.36%
4	Oil & Natural Gas Corporation Limited ₹10.12 Cr	Oil	0.81%	1.14%	+0.33%
5	IndusInd Bank Limited ₹18.87 Cr	Banks	1.86%	2.13%	+0.27%
6	Bharat Electronics Limited ₹12.42 Cr	Aerospace & Defense	1.14%	1.40%	+0.26%
7	Bank of Maharashtra ₹10.48 Cr	Banks	0.98%	1.18%	+0.20%
8	Vishal Mega Mart Limited ₹7.78 Cr	Retailing	0.71%	0.88%	+0.17%
9	Multi Commodity Exchange of India Limited ₹8.02 Cr	Capital Markets	0.77%	0.90%	+0.13%
10	Radico Khaitan Limited ₹5.82 Cr	Beverages	0.54%	0.66%	+0.12%
11	Fortis Healthcare Limited ₹12.00 Cr	Healthcare Services	1.24%	1.35%	+0.11%
12	HDFC Asset Management Company Limited ₹7.32 Cr	Capital Markets	0.72%	0.83%	+0.11%
13	Bosch Limited ₹6.48 Cr	Auto Components	0.62%	0.73%	+0.11%
14	Larsen & Toubro Limited ₹12.60 Cr	Construction	1.32%	1.42%	+0.10%
15	Senores Pharmaceuticals Ltd ₹9.62 Cr	Pharmaceuticals & Biotechnology	0.98%	1.08%	+0.10%
16	IDFC First Bank Limited ₹8.71 Cr	Banks	0.88%	0.98%	+0.10%
17	Mahanagar Gas Limited ₹6.33 Cr	Gas	0.62%	0.71%	+0.09%
18	Aditya Birla Sun Life AMC Limited ₹8.12 Cr	Capital Markets	0.84%	0.92%	+0.08%
19	The Phoenix Mills Limited ₹6.18 Cr	Realty	0.63%	0.70%	+0.07%
20	JSW Energy Limited ₹5.50 Cr	Power	0.55%	0.62%	+0.07%
21	State Bank of India ₹22.97 Cr	Banks	2.53%	2.59%	+0.06%
22	Laurus Labs Limited ₹12.11 Cr	Pharmaceuticals & Biotechnology	1.31%	1.37%	+0.06%
23	Bajaj Auto Limited ₹8.00 Cr	Automobiles	0.84%	0.90%	+0.06%
24	Hindustan Aeronautics Limited ₹3.47 Cr	Aerospace & Defense	0.33%	0.39%	+0.06%
25	Axis Bank Limited ₹19.02 Cr	Banks	2.09%	2.14%	+0.05%
26	The Federal Bank Limited ₹12.05 Cr	Banks	1.31%	1.36%	+0.05%
27	Titan Company Limited ₹11.62 Cr	Consumer Durables	1.26%	1.31%	+0.05%
28	Cummins India Limited ₹5.27 Cr	Industrial Products	0.54%	0.59%	+0.05%
29	CRISIL Limited ₹4.59 Cr	Finance	0.48%	0.52%	+0.04%
30	Polycab India Limited ₹3.65 Cr	Industrial Products	0.37%	0.41%	+0.04%
31	Aditya Vision Ltd ₹10.84 Cr	Retailing	1.19%	1.22%	+0.03%
32	Maruti Suzuki India Limited ₹9.05 Cr	Automobiles	1.00%	1.02%	+0.02%
33	Coal India Limited ₹15.21 Cr	Consumable Fuels	1.71%	1.72%	+0.01%
34	Power Grid Corporation of India Limited ₹9.23 Cr	Power	1.03%	1.04%	+0.01%
35	Arvind Fashions Limited ₹2.21 Cr	Retailing	0.24%	0.25%	+0.01%

#	Stock	Sector	Mar 2026	Apr 2026	Change
1	Indus Towers Limited ₹16.81 Cr	Telecom - Services	3.11%	1.89%	-1.22%
2	UltraTech Cement Limited ₹14.60 Cr	Cement & Cement Products	2.66%	1.65%	-1.01%
3	Bajaj Finance Limited ₹13.83 Cr	Finance	2.12%	1.56%	-0.56%
4	Divi's Laboratories Limited ₹9.10 Cr	Pharmaceuticals & Biotechnology	1.25%	1.03%	-0.22%
5	Glenmark Pharmaceuticals Limited ₹12.03 Cr	Pharmaceuticals & Biotechnology	1.54%	1.36%	-0.18%
6	Infosys Limited ₹11.00 Cr	IT - Software	1.40%	1.24%	-0.16%
7	IIFL Finance Limited ₹3.47 Cr	Finance	0.46%	0.39%	-0.07%
8	ICICI Bank Limited ₹28.43 Cr	Banks	3.26%	3.20%	-0.06%
9	Apollo Hospitals Enterprise Limited ₹14.13 Cr	Healthcare Services	1.65%	1.59%	-0.06%
10	Indian Bank ₹8.94 Cr	Banks	1.07%	1.01%	-0.06%
11	Torrent Pharmaceuticals Limited ₹3.85 Cr	Pharmaceuticals & Biotechnology	0.47%	0.43%	-0.04%
12	HDFC Bank Limited ₹22.92 Cr	Banks	2.61%	2.58%	-0.03%
13	Mahindra & Mahindra Limited ₹12.27 Cr	Automobiles	1.40%	1.38%	-0.02%
14	SRF Limited ₹6.55 Cr	Chemicals & Petrochemicals	0.76%	0.74%	-0.02%
15	ICICI Lombard General Insurance Company Limited ₹4.58 Cr	Insurance	0.53%	0.52%	-0.01%
16	Britannia Industries Limited ₹4.29 Cr	Food Products	0.49%	0.48%	-0.01%

Full Portfolio

59 stocks — Apr 2026

#	Stock	Sector	Weight & Value
1	ICICI Bank Limited ₹28.43 Cr	Banks	3.20%
2	Reliance Industries Limited ₹23.61 Cr	Petroleum Products	2.66%
3	State Bank of India ₹22.97 Cr	Banks	2.59%
4	HDFC Bank Limited ₹22.92 Cr	Banks	2.58%
5	Bharti Airtel Limited ₹22.26 Cr	Telecom - Services	2.51%
6	Axis Bank Limited ₹19.02 Cr	Banks	2.14%
7	IndusInd Bank Limited ₹18.87 Cr	Banks	2.13%
8	Jindal Steel Limited ₹17.10 Cr	Ferrous Metals	1.93%
9	Indus Towers Limited ₹16.81 Cr	Telecom - Services	1.89%
10	Coal India Limited ₹15.21 Cr	Consumable Fuels	1.72%
11	Eternal Limited ₹14.95 Cr	Retailing	1.68%
12	UltraTech Cement Limited ₹14.60 Cr	Cement & Cement Products	1.65%
13	Apollo Hospitals Enterprise Limited ₹14.13 Cr	Healthcare Services	1.59%
14	Bajaj Finance Limited ₹13.83 Cr	Finance	1.56%
15	Larsen & Toubro Limited ₹12.60 Cr	Construction	1.42%
16	Tech Mahindra Limited ₹12.38 Cr	IT - Software	1.40%
17	Bharat Electronics Limited ₹12.42 Cr	Aerospace & Defense	1.40%
18	Bharat Heavy Electricals Limited ₹12.33 Cr	Electrical Equipment	1.39%
19	Mahindra & Mahindra Limited ₹12.27 Cr	Automobiles	1.38%
20	Laurus Labs Limited ₹12.11 Cr	Pharmaceuticals & Biotechnology	1.37%
21	The Federal Bank Limited ₹12.05 Cr	Banks	1.36%
22	Glenmark Pharmaceuticals Limited ₹12.03 Cr	Pharmaceuticals & Biotechnology	1.36%
23	Fortis Healthcare Limited ₹12.00 Cr	Healthcare Services	1.35%
24	Titan Company Limited ₹11.62 Cr	Consumer Durables	1.31%
25	Infosys Limited ₹11.00 Cr	IT - Software	1.24%
26	Aditya Vision Ltd ₹10.84 Cr	Retailing	1.22%
27	Bank of Maharashtra ₹10.48 Cr	Banks	1.18%
28	Oil & Natural Gas Corporation Limited ₹10.12 Cr	Oil	1.14%
29	Senores Pharmaceuticals Ltd ₹9.62 Cr	Pharmaceuticals & Biotechnology	1.08%
30	Power Grid Corporation of India Limited ₹9.23 Cr	Power	1.04%
31	Divi's Laboratories Limited ₹9.10 Cr	Pharmaceuticals & Biotechnology	1.03%
32	Maruti Suzuki India Limited ₹9.05 Cr	Automobiles	1.02%
33	Indian Bank ₹8.94 Cr	Banks	1.01%
34	Delhivery Limited ₹8.92 Cr	Transport Services	1.01%
35	IDFC First Bank Limited ₹8.71 Cr	Banks	0.98%
36	Aditya Birla Sun Life AMC Limited ₹8.12 Cr	Capital Markets	0.92%
37	Multi Commodity Exchange of India Limited ₹8.02 Cr	Capital Markets	0.90%
38	Bajaj Auto Limited ₹8.00 Cr	Automobiles	0.90%
39	Aditya Birla Capital Limited ₹7.95 Cr	Finance	0.90%
40	Vishal Mega Mart Limited ₹7.78 Cr	Retailing	0.88%
41	HDFC Asset Management Company Limited ₹7.32 Cr	Capital Markets	0.83%
42	L&T Finance Limited ₹6.75 Cr	Finance	0.76%
43	SRF Limited ₹6.55 Cr	Chemicals & Petrochemicals	0.74%
44	Bosch Limited ₹6.48 Cr	Auto Components	0.73%
45	Mahanagar Gas Limited ₹6.33 Cr	Gas	0.71%
46	Black Buck Ltd ₹6.30 Cr	Transport Services	0.71%
47	The Phoenix Mills Limited ₹6.18 Cr	Realty	0.70%
48	Radico Khaitan Limited ₹5.82 Cr	Beverages	0.66%
49	JSW Energy Limited ₹5.50 Cr	Power	0.62%
50	Cummins India Limited ₹5.27 Cr	Industrial Products	0.59%
51	CRISIL Limited ₹4.59 Cr	Finance	0.52%
52	ICICI Lombard General Insurance Company Limited ₹4.58 Cr	Insurance	0.52%
53	Britannia Industries Limited ₹4.29 Cr	Food Products	0.48%
54	Max Financial Services Limited ₹4.20 Cr	Insurance	0.47%
55	Torrent Pharmaceuticals Limited ₹3.85 Cr	Pharmaceuticals & Biotechnology	0.43%
56	Polycab India Limited ₹3.65 Cr	Industrial Products	0.41%
57	IIFL Finance Limited ₹3.47 Cr	Finance	0.39%
58	Hindustan Aeronautics Limited ₹3.47 Cr	Aerospace & Defense	0.39%
59	Arvind Fashions Limited ₹2.21 Cr	Retailing	0.25%