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.

← Mahindra Manulife Mutual Fund

Mahindra Manulife Balanced Advantage Fund - Direct Plan - Growth

Balanced Advantage Data as of Oct 2026 Comparing Sep 2026 → Oct 2026

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Stocks Held

Oct 2026

Equity Holdings

₹597.23 Cr

Equity only, excl. debt & cash

AAUM

₹908.97 Cr

Jul-Sep 2026 · Direct + Regular

Top 5 Weight

13.9%

Diversified

Top 10 Weight

23.5%

Diversified

Changes

3 new · 2 exits

Top Sector

Banks

16.4% of portfolio

Launch Date

09 Dec 2021

5 years old

AAUM (Average Assets Under Management) of ₹908.97 Cr for Jul-Sep 2026 is the combined figure across Direct and Regular plans — sourced from AMFI India's quarterly disclosure. Equity Holdings above shows only the stock portion from the latest portfolio filing.

📋 What Happened This Month Mahindra Manulife Balanced Advantage Fund made 3 new additions and exited 2 stocks this month. The biggest new buy was Sagility Limited (IT - Services) at 0.44% weight. Fortis Healthcare Limited was the biggest exit (Healthcare Services), which was held at 1.14%. Among existing holdings, Tech Mahindra Limited saw the biggest increase — now at 1.93% of the portfolio. IndusInd Bank Limited was trimmed the most, now at 1.69%. ICICI Bank Limited remains the top holding with Banks the dominant sector at 16.4%. ↓ 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

+6.67%

+2.53%

+8.42%

+5.83%

Latest NAV

₹16.73

12 Nov 2026

52W High

₹16.73

At High

52W Low

₹14.43

+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

13.2%

+ve in 99% windows

36.7% / -0.8%

3Y Rolling Avg

14.1% p.a.

+ve in 100% windows

18.8% / 9.4%

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. · CAGR, Sharpe Ratio & Standard Deviation — Mutual Fund Guide →

Sharpe Ratio (3Y)

0.48

Return per unit of risk. >1 is good.

Sortino Ratio (3Y)

0.65

Penalises downside volatility only.

Std Deviation (3Y)

10.2%

Lower = more consistent returns.

NAV Chart ₹16.73 12 Nov 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: ₹16.73

Sector Shift Industry allocation month-over-month

Aug 2026 → Sep 2026

Sector	Prev	Curr ▼	Delta
Banks	16.9%	16.4%	▼ -0.5%
Pharmaceuticals & Biotechnology	7.3%	7.2%	▼ -0.1%
Retailing	4.5%	4.6%	● +0.1%
IT - Software	3.4%	3.3%	▼ -0.2%
Finance	3.9%	3.1%	▼ -0.7%
Automobiles	3.3%	3.1%	▼ -0.2%
Telecom - Services	3.0%	3.1%	● +0.0%
Healthcare Services	3.1%	2.9%	▼ -0.2%
Capital Markets	2.7%	2.7%	● 0.0%
Petroleum Products	2.3%	2.2%	● -0.1%

Sep 2026 → Oct 2026

Sector	Prev	Curr ▼	Delta
Banks	16.4%	16.4%	● 0.0%
Pharmaceuticals & Biotechnology	7.2%	7.7%	▲ +0.5%
Retailing	4.6%	4.3%	▼ -0.2%
IT - Software	3.3%	4.1%	▲ +0.8%
Telecom - Services	3.1%	3.4%	▲ +0.3%
Finance	3.1%	3.1%	● -0.1%
Automobiles	3.1%	3.0%	▼ -0.1%
Capital Markets	2.7%	2.4%	▼ -0.3%
Petroleum Products	2.2%	2.3%	▲ +0.1%
Aerospace & Defense	2.0%	2.0%	● 0.0%

🟢

Biggest New Buy

Sagility Limited

0.44% weight · IT - Services

🔴

Biggest Exit

Fortis Healthcare Limited

1.14% was held · Healthcare Services

↑

Biggest Add

Tech Mahindra Limited

+0.47% · now 1.93%

↓

Biggest Trim

IndusInd Bank Limited

-0.42% · now 1.69%

🤝 Other funds also bought this month

One 97 Communications Limited 35 funds

Sagility Limited 21 funds

HBL Engineering Limited 9 funds

👋 Other funds also exited

Fortis Healthcare Limited 24 funds

Arvind Fashions Limited 8 funds

What Changed in the Portfolio This Month?

Comparing Sep 2026 → Oct 2026

Sep 2026 → Oct 2026

🟢 3 New Entries 🔴 2 Exits ↑ 27 Increased ↓ 27 Decreased

#	Stock	Sector	Weight (Oct 2026)
1	Sagility Limited ₹3.79 Cr	IT - Services	0.44%
2	One 97 Communications Limited ₹3.27 Cr	Financial Technology (Fintech)	0.38%
3	HBL Engineering Limited ₹3.24 Cr	Industrial Products	0.37%

#	Stock	Sector	Last Weight (Sep 2026)
1	Fortis Healthcare Limited ₹10.01 Cr	Healthcare Services	1.14%
2	Arvind Fashions Limited ₹1.93 Cr	Retailing	0.22%

#	Stock	Sector	Sep 2026	Oct 2026	Change
1	Tech Mahindra Limited ₹16.83 Cr	IT - Software	1.46%	1.93%	+0.47%
2	Laurus Labs Limited ₹18.22 Cr	Pharmaceuticals & Biotechnology	1.71%	2.09%	+0.38%
3	Bharti Airtel Limited ₹23.29 Cr	Telecom - Services	2.36%	2.68%	+0.32%
4	ICICI Bank Limited ₹36.00 Cr	Banks	3.87%	4.14%	+0.27%
5	Eternal Limited ₹20.79 Cr	Retailing	2.20%	2.39%	+0.19%
6	Infosys Limited ₹9.25 Cr	IT - Software	0.88%	1.06%	+0.18%
7	Coforge Limited ₹9.51 Cr	IT - Software	0.93%	1.09%	+0.16%
8	HDFC Asset Management Company Limited ₹5.91 Cr	Capital Markets	0.52%	0.68%	+0.16%
9	Acutaas Chemicals Ltd ₹6.59 Cr	Pharmaceuticals & Biotechnology	0.61%	0.76%	+0.15%
10	The Federal Bank Limited ₹14.27 Cr	Banks	1.52%	1.64%	+0.12%
11	Reliance Industries Limited ₹20.39 Cr	Petroleum Products	2.23%	2.34%	+0.11%
12	Divi's Laboratories Limited ₹11.05 Cr	Pharmaceuticals & Biotechnology	1.19%	1.27%	+0.08%
13	Apollo Hospitals Enterprise Limited ₹15.63 Cr	Healthcare Services	1.72%	1.80%	+0.08%
14	Indian Bank ₹9.09 Cr	Banks	0.96%	1.04%	+0.08%
15	Larsen & Toubro Limited ₹12.16 Cr	Construction	1.34%	1.40%	+0.06%
16	Hindustan Aeronautics Limited ₹7.04 Cr	Aerospace & Defense	0.77%	0.81%	+0.04%
17	Bank of Maharashtra ₹10.88 Cr	Banks	1.21%	1.25%	+0.04%
18	Indus Towers Limited ₹6.28 Cr	Telecom - Services	0.70%	0.72%	+0.02%
19	DLF Limited ₹4.70 Cr	Realty	0.52%	0.54%	+0.02%
20	Marico Limited ₹6.00 Cr	Agricultural Food & other Products	0.67%	0.69%	+0.02%
21	The Phoenix Mills Limited ₹6.85 Cr	Realty	0.77%	0.79%	+0.02%
22	Bosch Limited ₹8.50 Cr	Auto Components	0.96%	0.98%	+0.02%
23	State Bank of India ₹12.65 Cr	Banks	1.44%	1.45%	+0.01%
24	Axis Bank Limited ₹18.26 Cr	Banks	2.09%	2.10%	+0.01%
25	UltraTech Cement Limited ₹8.39 Cr	Cement & Cement Products	0.95%	0.96%	+0.01%
26	Oil & Natural Gas Corporation Limited ₹10.39 Cr	Oil	1.18%	1.19%	+0.01%
27	JSW Energy Limited ₹4.90 Cr	Power	0.55%	0.56%	+0.01%

#	Stock	Sector	Sep 2026	Oct 2026	Change
1	IndusInd Bank Limited ₹14.75 Cr	Banks	2.11%	1.69%	-0.42%
2	Aditya Birla Sun Life AMC Limited ₹4.40 Cr	Capital Markets	0.91%	0.51%	-0.40%
3	Jindal Steel Limited ₹14.84 Cr	Ferrous Metals	1.81%	1.70%	-0.11%
4	Vishal Mega Mart Limited ₹5.37 Cr	Retailing	0.73%	0.62%	-0.11%
5	Aditya Vision Ltd ₹11.35 Cr	Retailing	1.40%	1.30%	-0.10%
6	IDFC First Bank Limited ₹6.70 Cr	Banks	0.86%	0.77%	-0.09%
7	Coal India Limited ₹8.21 Cr	Consumable Fuels	1.02%	0.94%	-0.08%
8	Bharat Heavy Electricals Limited ₹10.78 Cr	Electrical Equipment	1.31%	1.24%	-0.07%
9	Bharat Electronics Limited ₹10.65 Cr	Aerospace & Defense	1.27%	1.22%	-0.05%
10	L&T Finance Limited ₹5.89 Cr	Finance	0.73%	0.68%	-0.05%
11	Black Buck Ltd ₹6.49 Cr	Transport Services	0.80%	0.75%	-0.05%
12	Senores Pharmaceuticals Ltd ₹11.91 Cr	Pharmaceuticals & Biotechnology	1.42%	1.37%	-0.05%
13	Mahindra & Mahindra Limited ₹11.25 Cr	Automobiles	1.33%	1.29%	-0.04%
14	Maruti Suzuki India Limited ₹7.75 Cr	Automobiles	0.93%	0.89%	-0.04%
15	Bajaj Auto Limited ₹7.18 Cr	Automobiles	0.86%	0.82%	-0.04%
16	Max Financial Services Limited ₹3.18 Cr	Insurance	0.41%	0.37%	-0.04%
17	Delhivery Limited ₹7.37 Cr	Transport Services	0.89%	0.85%	-0.04%
18	Radico Khaitan Limited ₹6.95 Cr	Beverages	0.84%	0.80%	-0.04%
19	HDFC Bank Limited ₹20.17 Cr	Banks	2.35%	2.32%	-0.03%
20	Titan Company Limited ₹11.76 Cr	Consumer Durables	1.38%	1.35%	-0.03%
21	Multi Commodity Exchange of India Limited ₹10.65 Cr	Capital Markets	1.25%	1.22%	-0.03%
22	Cummins India Limited ₹4.45 Cr	Industrial Products	0.54%	0.51%	-0.03%
23	Torrent Pharmaceuticals Limited ₹8.39 Cr	Pharmaceuticals & Biotechnology	0.99%	0.96%	-0.03%
24	Aditya Birla Capital Limited ₹8.50 Cr	Finance	1.00%	0.98%	-0.02%
25	Bajaj Finance Limited ₹12.17 Cr	Finance	1.41%	1.40%	-0.01%
26	Polycab India Limited ₹6.77 Cr	Industrial Products	0.79%	0.78%	-0.01%
27	Glenmark Pharmaceuticals Limited ₹11.05 Cr	Pharmaceuticals & Biotechnology	1.28%	1.27%	-0.01%

What Stocks Does This Fund Hold?

58 stocks — Oct 2026

#	Stock	Sector	Weight & Value
1	ICICI Bank Limited ₹36.00 Cr	Banks	4.14%
2	Bharti Airtel Limited ₹23.29 Cr	Telecom - Services	2.68%
3	Eternal Limited ₹20.79 Cr	Retailing	2.39%
4	Reliance Industries Limited ₹20.39 Cr	Petroleum Products	2.34%
5	HDFC Bank Limited ₹20.17 Cr	Banks	2.32%
6	Axis Bank Limited ₹18.26 Cr	Banks	2.10%
7	Laurus Labs Limited ₹18.22 Cr	Pharmaceuticals & Biotechnology	2.09%
8	Tech Mahindra Limited ₹16.83 Cr	IT - Software	1.93%
9	Apollo Hospitals Enterprise Limited ₹15.63 Cr	Healthcare Services	1.80%
10	Jindal Steel Limited ₹14.84 Cr	Ferrous Metals	1.70%
11	IndusInd Bank Limited ₹14.75 Cr	Banks	1.69%
12	The Federal Bank Limited ₹14.27 Cr	Banks	1.64%
13	State Bank of India ₹12.65 Cr	Banks	1.45%
14	Larsen & Toubro Limited ₹12.16 Cr	Construction	1.40%
15	Bajaj Finance Limited ₹12.17 Cr	Finance	1.40%
16	Senores Pharmaceuticals Ltd ₹11.91 Cr	Pharmaceuticals & Biotechnology	1.37%
17	Titan Company Limited ₹11.76 Cr	Consumer Durables	1.35%
18	Aditya Vision Ltd ₹11.35 Cr	Retailing	1.30%
19	Mahindra & Mahindra Limited ₹11.25 Cr	Automobiles	1.29%
20	Glenmark Pharmaceuticals Limited ₹11.05 Cr	Pharmaceuticals & Biotechnology	1.27%
21	Divi's Laboratories Limited ₹11.05 Cr	Pharmaceuticals & Biotechnology	1.27%
22	Bank of Maharashtra ₹10.88 Cr	Banks	1.25%
23	Bharat Heavy Electricals Limited ₹10.78 Cr	Electrical Equipment	1.24%
24	Multi Commodity Exchange of India Limited ₹10.65 Cr	Capital Markets	1.22%
25	Bharat Electronics Limited ₹10.65 Cr	Aerospace & Defense	1.22%
26	Oil & Natural Gas Corporation Limited ₹10.39 Cr	Oil	1.19%
27	Coforge Limited ₹9.51 Cr	IT - Software	1.09%
28	Infosys Limited ₹9.25 Cr	IT - Software	1.06%
29	Indian Bank ₹9.09 Cr	Banks	1.04%
30	Bosch Limited ₹8.50 Cr	Auto Components	0.98%
31	Aditya Birla Capital Limited ₹8.50 Cr	Finance	0.98%
32	UltraTech Cement Limited ₹8.39 Cr	Cement & Cement Products	0.96%
33	Torrent Pharmaceuticals Limited ₹8.39 Cr	Pharmaceuticals & Biotechnology	0.96%
34	Coal India Limited ₹8.21 Cr	Consumable Fuels	0.94%
35	Maruti Suzuki India Limited ₹7.75 Cr	Automobiles	0.89%
36	Delhivery Limited ₹7.37 Cr	Transport Services	0.85%
37	Bajaj Auto Limited ₹7.18 Cr	Automobiles	0.82%
38	Hindustan Aeronautics Limited ₹7.04 Cr	Aerospace & Defense	0.81%
39	Radico Khaitan Limited ₹6.95 Cr	Beverages	0.80%
40	The Phoenix Mills Limited ₹6.85 Cr	Realty	0.79%
41	Polycab India Limited ₹6.77 Cr	Industrial Products	0.78%
42	IDFC First Bank Limited ₹6.70 Cr	Banks	0.77%
43	Acutaas Chemicals Ltd ₹6.59 Cr	Pharmaceuticals & Biotechnology	0.76%
44	Black Buck Ltd ₹6.49 Cr	Transport Services	0.75%
45	Indus Towers Limited ₹6.28 Cr	Telecom - Services	0.72%
46	Marico Limited ₹6.00 Cr	Agricultural Food & other Products	0.69%
47	L&T Finance Limited ₹5.89 Cr	Finance	0.68%
48	HDFC Asset Management Company Limited ₹5.91 Cr	Capital Markets	0.68%
49	Vishal Mega Mart Limited ₹5.37 Cr	Retailing	0.62%
50	JSW Energy Limited ₹4.90 Cr	Power	0.56%
51	DLF Limited ₹4.70 Cr	Realty	0.54%
52	Cummins India Limited ₹4.45 Cr	Industrial Products	0.51%
53	Aditya Birla Sun Life AMC Limited ₹4.40 Cr	Capital Markets	0.51%
54	Mahanagar Gas Limited ₹4.21 Cr	Gas	0.48%
55	Sagility Limited ₹3.79 Cr	IT - Services	0.44%
56	One 97 Communications Limited ₹3.27 Cr	Financial Technology (Fintech)	0.38%
57	Max Financial Services Limited ₹3.18 Cr	Insurance	0.37%
58	HBL Engineering Limited ₹3.24 Cr	Industrial Products	0.37%