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 Jul 2026 Comparing Jun 2026 → Jul 2026

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Stocks Held

Jul 2026

Equity Holdings

₹636.05 Cr

Equity only, excl. debt & cash

AAUM

₹883.59 Cr

Apr-Jun 2026 · Direct + Regular

Top 5 Weight

13.6%

Diversified

Top 10 Weight

23.0%

Diversified

Changes

1 new · 1 exits

Top Sector

Banks

16.8% of portfolio

Launch Date

09 Dec 2021

5 years old

AAUM (Average Assets Under Management) of ₹883.59 Cr for Apr-Jun 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 1 new addition and exited 1 stock this month. The biggest new buy was DLF Limited (Realty) at 0.49% weight. ICICI Lombard General Insurance Company Limited was the biggest exit (Insurance), which was held at 0.50%. Among existing holdings, Torrent Pharmaceuticals Limited saw the biggest increase — now at 1.02% of the portfolio. Coal India Limited was trimmed the most, now at 0.95%. ICICI Bank Limited remains the top holding with Banks the dominant sector at 16.8%. ↓ 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

+2.68%

+4.68%

+3.43%

+6.38%

Latest NAV

₹16.34

24 Aug 2026

52W High

₹16.34

-0% from High

52W Low

₹13.79

+18% 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

13.7%

+ve in 100% windows

36.7% / -0.1%

3Y Rolling Avg

14.5% 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. · CAGR, Sharpe Ratio & Standard Deviation — Mutual Fund Guide →

Sharpe Ratio (3Y)

0.60

Return per unit of risk. >1 is good.

Sortino Ratio (3Y)

0.82

Penalises downside volatility only.

Std Deviation (3Y)

10.0%

Lower = more consistent returns.

NAV Chart ₹16.34 24 Aug 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: ₹16.34

Sector Shift Industry allocation month-over-month

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%

Jun 2026 → Jul 2026

Sector	Prev	Curr ▼	Delta
Banks	17.0%	16.8%	▼ -0.2%
Pharmaceuticals & Biotechnology	5.6%	6.4%	▲ +0.8%
Retailing	4.4%	4.4%	● +0.1%
Finance	3.4%	3.6%	▲ +0.2%
Automobiles	3.3%	3.4%	▲ +0.1%
Telecom - Services	3.4%	3.3%	▼ -0.2%
IT - Software	2.8%	3.2%	▲ +0.4%
Healthcare Services	3.2%	3.2%	● 0.0%
Capital Markets	2.7%	2.4%	▼ -0.2%
Petroleum Products	2.4%	2.4%	● 0.0%

🟢

Biggest New Buy

DLF Limited

0.49% weight · Realty

🔴

Biggest Exit

ICICI Lombard General Insurance Company Limited

0.50% was held · Insurance

↑

Biggest Add

Torrent Pharmaceuticals Limited

+0.55% · now 1.02%

↓

Biggest Trim

Coal India Limited

-0.58% · now 0.95%

🤝 Other funds also bought this month

DLF Limited 23 funds

👋 Other funds also exited

ICICI Lombard General Insurance Company Limited 32 funds

What Changed in the Portfolio This Month?

Comparing Jun 2026 → Jul 2026

Jun 2026 → Jul 2026

🟢 1 New Entry 🔴 1 Exit ↑ 29 Increased ↓ 25 Decreased

#	Stock	Sector	Weight (Jul 2026)
1	DLF Limited ₹4.48 Cr	Realty	0.49%

#	Stock	Sector	Last Weight (Jun 2026)
1	ICICI Lombard General Insurance Company Limited ₹4.53 Cr	Insurance	0.50%

#	Stock	Sector	Jun 2026	Jul 2026	Change
1	Torrent Pharmaceuticals Limited ₹9.32 Cr	Pharmaceuticals & Biotechnology	0.47%	1.02%	+0.55%
2	Eternal Limited ₹18.30 Cr	Retailing	1.77%	1.99%	+0.22%
3	Tech Mahindra Limited ₹13.87 Cr	IT - Software	1.31%	1.51%	+0.20%
4	Divi's Laboratories Limited ₹9.10 Cr	Pharmaceuticals & Biotechnology	0.82%	0.99%	+0.17%
5	IndusInd Bank Limited ₹20.86 Cr	Banks	2.11%	2.27%	+0.16%
6	Mahindra & Mahindra Limited ₹13.46 Cr	Automobiles	1.34%	1.47%	+0.13%
7	Bajaj Finance Limited ₹11.36 Cr	Finance	1.11%	1.24%	+0.13%
8	Multi Commodity Exchange of India Limited ₹8.99 Cr	Capital Markets	0.85%	0.98%	+0.13%
9	Bharti Airtel Limited ₹23.27 Cr	Telecom - Services	2.42%	2.54%	+0.12%
10	Titan Company Limited ₹12.92 Cr	Consumer Durables	1.29%	1.41%	+0.12%
11	ICICI Bank Limited ₹36.96 Cr	Banks	3.92%	4.03%	+0.11%
12	The Federal Bank Limited ₹15.07 Cr	Banks	1.53%	1.64%	+0.11%
13	Infosys Limited ₹8.82 Cr	IT - Software	0.86%	0.96%	+0.10%
14	Coforge Limited ₹6.54 Cr	IT - Software	0.62%	0.71%	+0.09%
15	Laurus Labs Limited ₹17.62 Cr	Pharmaceuticals & Biotechnology	1.85%	1.92%	+0.07%
16	IIFL Finance Limited ₹4.61 Cr	Finance	0.43%	0.50%	+0.07%
17	Radico Khaitan Limited ₹7.38 Cr	Beverages	0.74%	0.80%	+0.06%
18	Jindal Steel Limited ₹15.41 Cr	Ferrous Metals	1.64%	1.68%	+0.04%
19	UltraTech Cement Limited ₹9.05 Cr	Cement & Cement Products	0.95%	0.99%	+0.04%
20	IDFC First Bank Limited ₹7.88 Cr	Banks	0.82%	0.86%	+0.04%
21	Apollo Hospitals Enterprise Limited ₹16.57 Cr	Healthcare Services	1.78%	1.81%	+0.03%
22	Polycab India Limited ₹7.92 Cr	Industrial Products	0.83%	0.86%	+0.03%
23	Oil & Natural Gas Corporation Limited ₹11.18 Cr	Oil	1.20%	1.22%	+0.02%
24	Bosch Limited ₹7.40 Cr	Auto Components	0.79%	0.81%	+0.02%
25	Marico Limited ₹6.53 Cr	Agricultural Food & other Products	0.69%	0.71%	+0.02%
26	Hindustan Aeronautics Limited ₹3.72 Cr	Aerospace & Defense	0.39%	0.41%	+0.02%
27	Aditya Birla Capital Limited ₹9.30 Cr	Finance	1.00%	1.01%	+0.01%
28	Indian Bank ₹8.78 Cr	Banks	0.95%	0.96%	+0.01%
29	Bajaj Auto Limited ₹7.99 Cr	Automobiles	0.86%	0.87%	+0.01%

#	Stock	Sector	Jun 2026	Jul 2026	Change
1	Coal India Limited ₹8.74 Cr	Consumable Fuels	1.53%	0.95%	-0.58%
2	Indus Towers Limited ₹6.49 Cr	Telecom - Services	0.98%	0.71%	-0.27%
3	Mahanagar Gas Limited ₹4.50 Cr	Gas	0.72%	0.49%	-0.23%
4	Axis Bank Limited ₹18.44 Cr	Banks	2.23%	2.01%	-0.22%
5	Bharat Heavy Electricals Limited ₹12.62 Cr	Electrical Equipment	1.60%	1.38%	-0.22%
6	HDFC Asset Management Company Limited ₹5.23 Cr	Capital Markets	0.79%	0.57%	-0.22%
7	HDFC Bank Limited ₹21.79 Cr	Banks	2.57%	2.38%	-0.19%
8	Bank of Maharashtra ₹10.61 Cr	Banks	1.35%	1.16%	-0.19%
9	Aditya Birla Sun Life AMC Limited ₹8.09 Cr	Capital Markets	1.02%	0.88%	-0.14%
10	Larsen & Toubro Limited ₹12.37 Cr	Construction	1.44%	1.35%	-0.09%
11	Bharat Electronics Limited ₹11.17 Cr	Aerospace & Defense	1.31%	1.22%	-0.09%
12	Vishal Mega Mart Limited ₹6.81 Cr	Retailing	0.83%	0.74%	-0.09%
13	Aditya Vision Ltd ₹13.19 Cr	Retailing	1.50%	1.44%	-0.06%
14	SRF Limited ₹6.82 Cr	Chemicals & Petrochemicals	0.79%	0.74%	-0.05%
15	Fortis Healthcare Limited ₹12.29 Cr	Healthcare Services	1.38%	1.34%	-0.04%
16	Senores Pharmaceuticals Ltd ₹11.75 Cr	Pharmaceuticals & Biotechnology	1.32%	1.28%	-0.04%
17	JSW Energy Limited ₹5.44 Cr	Power	0.63%	0.59%	-0.04%
18	The Phoenix Mills Limited ₹6.63 Cr	Realty	0.75%	0.72%	-0.03%
19	Cummins India Limited ₹5.52 Cr	Industrial Products	0.63%	0.60%	-0.03%
20	Max Financial Services Limited ₹3.97 Cr	Insurance	0.46%	0.43%	-0.03%
21	State Bank of India ₹13.51 Cr	Banks	1.49%	1.47%	-0.02%
22	Power Grid Corporation of India Limited ₹8.24 Cr	Power	0.92%	0.90%	-0.02%
23	Arvind Fashions Limited ₹2.24 Cr	Retailing	0.26%	0.24%	-0.02%
24	Reliance Industries Limited ₹21.58 Cr	Petroleum Products	2.36%	2.35%	-0.01%
25	L&T Finance Limited ₹7.51 Cr	Finance	0.83%	0.82%	-0.01%

What Stocks Does This Fund Hold?

59 stocks — Jul 2026

#	Stock	Sector	Weight & Value
1	ICICI Bank Limited ₹36.96 Cr	Banks	4.03%
2	Bharti Airtel Limited ₹23.27 Cr	Telecom - Services	2.54%
3	HDFC Bank Limited ₹21.79 Cr	Banks	2.38%
4	Reliance Industries Limited ₹21.58 Cr	Petroleum Products	2.35%
5	IndusInd Bank Limited ₹20.86 Cr	Banks	2.27%
6	Axis Bank Limited ₹18.44 Cr	Banks	2.01%
7	Eternal Limited ₹18.30 Cr	Retailing	1.99%
8	Laurus Labs Limited ₹17.62 Cr	Pharmaceuticals & Biotechnology	1.92%
9	Apollo Hospitals Enterprise Limited ₹16.57 Cr	Healthcare Services	1.81%
10	Jindal Steel Limited ₹15.41 Cr	Ferrous Metals	1.68%
11	The Federal Bank Limited ₹15.07 Cr	Banks	1.64%
12	Tech Mahindra Limited ₹13.87 Cr	IT - Software	1.51%
13	State Bank of India ₹13.51 Cr	Banks	1.47%
14	Mahindra & Mahindra Limited ₹13.46 Cr	Automobiles	1.47%
15	Aditya Vision Ltd ₹13.19 Cr	Retailing	1.44%
16	Titan Company Limited ₹12.92 Cr	Consumer Durables	1.41%
17	Bharat Heavy Electricals Limited ₹12.62 Cr	Electrical Equipment	1.38%
18	Larsen & Toubro Limited ₹12.37 Cr	Construction	1.35%
19	Fortis Healthcare Limited ₹12.29 Cr	Healthcare Services	1.34%
20	Senores Pharmaceuticals Ltd ₹11.75 Cr	Pharmaceuticals & Biotechnology	1.28%
21	Bajaj Finance Limited ₹11.36 Cr	Finance	1.24%
22	Oil & Natural Gas Corporation Limited ₹11.18 Cr	Oil	1.22%
23	Bharat Electronics Limited ₹11.17 Cr	Aerospace & Defense	1.22%
24	Glenmark Pharmaceuticals Limited ₹10.74 Cr	Pharmaceuticals & Biotechnology	1.17%
25	Bank of Maharashtra ₹10.61 Cr	Banks	1.16%
26	Maruti Suzuki India Limited ₹9.68 Cr	Automobiles	1.06%
27	Torrent Pharmaceuticals Limited ₹9.32 Cr	Pharmaceuticals & Biotechnology	1.02%
28	Aditya Birla Capital Limited ₹9.30 Cr	Finance	1.01%
29	Delhivery Limited ₹9.21 Cr	Transport Services	1.00%
30	UltraTech Cement Limited ₹9.05 Cr	Cement & Cement Products	0.99%
31	Divi's Laboratories Limited ₹9.10 Cr	Pharmaceuticals & Biotechnology	0.99%
32	Multi Commodity Exchange of India Limited ₹8.99 Cr	Capital Markets	0.98%
33	Infosys Limited ₹8.82 Cr	IT - Software	0.96%
34	Indian Bank ₹8.78 Cr	Banks	0.96%
35	Coal India Limited ₹8.74 Cr	Consumable Fuels	0.95%
36	Power Grid Corporation of India Limited ₹8.24 Cr	Power	0.90%
37	Aditya Birla Sun Life AMC Limited ₹8.09 Cr	Capital Markets	0.88%
38	Bajaj Auto Limited ₹7.99 Cr	Automobiles	0.87%
39	Polycab India Limited ₹7.92 Cr	Industrial Products	0.86%
40	IDFC First Bank Limited ₹7.88 Cr	Banks	0.86%
41	L&T Finance Limited ₹7.51 Cr	Finance	0.82%
42	Bosch Limited ₹7.40 Cr	Auto Components	0.81%
43	Radico Khaitan Limited ₹7.38 Cr	Beverages	0.80%
44	Vishal Mega Mart Limited ₹6.81 Cr	Retailing	0.74%
45	SRF Limited ₹6.82 Cr	Chemicals & Petrochemicals	0.74%
46	The Phoenix Mills Limited ₹6.63 Cr	Realty	0.72%
47	Coforge Limited ₹6.54 Cr	IT - Software	0.71%
48	Marico Limited ₹6.53 Cr	Agricultural Food & other Products	0.71%
49	Indus Towers Limited ₹6.49 Cr	Telecom - Services	0.71%
50	Black Buck Ltd ₹6.24 Cr	Transport Services	0.68%
51	Cummins India Limited ₹5.52 Cr	Industrial Products	0.60%
52	JSW Energy Limited ₹5.44 Cr	Power	0.59%
53	HDFC Asset Management Company Limited ₹5.23 Cr	Capital Markets	0.57%
54	IIFL Finance Limited ₹4.61 Cr	Finance	0.50%
55	Mahanagar Gas Limited ₹4.50 Cr	Gas	0.49%
56	DLF Limited ₹4.48 Cr	Realty	0.49%
57	Max Financial Services Limited ₹3.97 Cr	Insurance	0.43%
58	Hindustan Aeronautics Limited ₹3.72 Cr	Aerospace & Defense	0.41%
59	Arvind Fashions Limited ₹2.24 Cr	Retailing	0.24%