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 Aug 2026 Comparing Jul 2026 → Aug 2026

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Stocks Held

Aug 2026

Equity Holdings

₹644.02 Cr

Equity only, excl. debt & cash

AAUM

₹883.59 Cr

Apr-Jun 2026 · Direct + Regular

Top 5 Weight

13.2%

Diversified

Top 10 Weight

23.0%

Diversified

Changes

1 new · 2 exits

Top Sector

Banks

16.9% 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 2 stocks this month. The biggest new buy was Acutaas Chemicals Ltd (Pharmaceuticals & Biotechnology) at 0.56% weight. Power Grid Corporation of India Limited was the biggest exit (Power), which was held at 0.90%. Among existing holdings, Hindustan Aeronautics Limited saw the biggest increase — now at 0.75% of the portfolio. Bharti Airtel Limited was trimmed the most, now at 2.32%. ICICI Bank Limited remains the top holding with Banks the dominant sector at 16.9%. ↓ 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

-1.09%

+2.66%

+7.23%

+4.45%

Latest NAV

₹16.14

11 Sep 2026

52W High

₹16.41

-2% from High

52W Low

₹13.92

+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

13.7%

+ve in 100% windows

36.7% / -0.1%

3Y Rolling Avg

14.4% 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)

0.59

Return per unit of risk. >1 is good.

Sortino Ratio (3Y)

0.80

Penalises downside volatility only.

Std Deviation (3Y)

10.0%

Lower = more consistent returns.

NAV Chart ₹16.14 11 Sep 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: ₹16.14

Sector Shift Industry allocation month-over-month

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%

Jul 2026 → Aug 2026

Sector	Prev	Curr ▼	Delta
Banks	16.8%	16.9%	▲ +0.1%
Pharmaceuticals & Biotechnology	6.4%	7.3%	▲ +1.0%
Retailing	4.4%	4.5%	● +0.1%
Finance	3.6%	3.9%	▲ +0.3%
IT - Software	3.2%	3.4%	▲ +0.3%
Automobiles	3.4%	3.3%	● -0.1%
Healthcare Services	3.2%	3.1%	● -0.1%
Telecom - Services	3.3%	3.0%	▼ -0.2%
Capital Markets	2.4%	2.7%	▲ +0.3%
Petroleum Products	2.4%	2.3%	● -0.1%

🟢

Biggest New Buy

Acutaas Chemicals Ltd

0.56% weight · Pharmaceuticals & Biotechnology

🔴

Biggest Exit

Power Grid Corporation of India Limited

0.90% was held · Power

↑

Biggest Add

Hindustan Aeronautics Limited

+0.34% · now 0.75%

↓

Biggest Trim

Bharti Airtel Limited

-0.22% · now 2.32%

🤝 Other funds also bought this month

Acutaas Chemicals Ltd 15 funds

👋 Other funds also exited

SRF Limited 35 funds

Power Grid Corporation of India Limited 31 funds

What Changed in the Portfolio This Month?

Comparing Jul 2026 → Aug 2026

Jul 2026 → Aug 2026

🟢 1 New Entry 🔴 2 Exits ↑ 31 Increased ↓ 21 Decreased

#	Stock	Sector	Weight (Aug 2026)
1	Acutaas Chemicals Ltd ₹5.21 Cr	Pharmaceuticals & Biotechnology	0.56%

#	Stock	Sector	Last Weight (Jul 2026)
1	Power Grid Corporation of India Limited ₹8.24 Cr	Power	0.90%
2	SRF Limited ₹6.82 Cr	Chemicals & Petrochemicals	0.74%

#	Stock	Sector	Jul 2026	Aug 2026	Change
1	Hindustan Aeronautics Limited ₹6.96 Cr	Aerospace & Defense	0.41%	0.75%	+0.34%
2	Coforge Limited ₹9.23 Cr	IT - Software	0.71%	1.00%	+0.29%
3	Multi Commodity Exchange of India Limited ₹11.36 Cr	Capital Markets	0.98%	1.23%	+0.25%
4	Bajaj Finance Limited ₹13.69 Cr	Finance	1.24%	1.48%	+0.24%
5	Divi's Laboratories Limited ₹10.70 Cr	Pharmaceuticals & Biotechnology	0.99%	1.16%	+0.17%
6	Bosch Limited ₹9.00 Cr	Auto Components	0.81%	0.98%	+0.17%
7	Eternal Limited ₹19.85 Cr	Retailing	1.99%	2.15%	+0.16%
8	Jindal Steel Limited ₹16.68 Cr	Ferrous Metals	1.68%	1.81%	+0.13%
9	Senores Pharmaceuticals Ltd ₹12.90 Cr	Pharmaceuticals & Biotechnology	1.28%	1.40%	+0.12%
10	Glenmark Pharmaceuticals Limited ₹11.92 Cr	Pharmaceuticals & Biotechnology	1.17%	1.29%	+0.12%
11	Axis Bank Limited ₹19.50 Cr	Banks	2.01%	2.11%	+0.10%
12	Bharat Electronics Limited ₹11.94 Cr	Aerospace & Defense	1.22%	1.29%	+0.07%
13	Indian Bank ₹9.44 Cr	Banks	0.96%	1.02%	+0.06%
14	Black Buck Ltd ₹6.83 Cr	Transport Services	0.68%	0.74%	+0.06%
15	Titan Company Limited ₹13.52 Cr	Consumer Durables	1.41%	1.46%	+0.05%
16	State Bank of India ₹13.94 Cr	Banks	1.47%	1.51%	+0.04%
17	Bajaj Auto Limited ₹8.41 Cr	Automobiles	0.87%	0.91%	+0.04%
18	ICICI Bank Limited ₹37.44 Cr	Banks	4.03%	4.06%	+0.03%
19	Larsen & Toubro Limited ₹12.70 Cr	Construction	1.35%	1.38%	+0.03%
20	Bank of Maharashtra ₹10.97 Cr	Banks	1.16%	1.19%	+0.03%
21	Aditya Birla Sun Life AMC Limited ₹8.41 Cr	Capital Markets	0.88%	0.91%	+0.03%
22	Polycab India Limited ₹8.22 Cr	Industrial Products	0.86%	0.89%	+0.03%
23	Radico Khaitan Limited ₹7.62 Cr	Beverages	0.80%	0.83%	+0.03%
24	IIFL Finance Limited ₹4.89 Cr	Finance	0.50%	0.53%	+0.03%
25	L&T Finance Limited ₹7.74 Cr	Finance	0.82%	0.84%	+0.02%
26	Vishal Mega Mart Limited ₹7.04 Cr	Retailing	0.74%	0.76%	+0.02%
27	DLF Limited ₹4.70 Cr	Realty	0.49%	0.51%	+0.02%
28	Max Financial Services Limited ₹4.17 Cr	Insurance	0.43%	0.45%	+0.02%
29	Laurus Labs Limited ₹17.86 Cr	Pharmaceuticals & Biotechnology	1.92%	1.93%	+0.01%
30	Aditya Birla Capital Limited ₹9.42 Cr	Finance	1.01%	1.02%	+0.01%
31	IDFC First Bank Limited ₹8.00 Cr	Banks	0.86%	0.87%	+0.01%

#	Stock	Sector	Jul 2026	Aug 2026	Change
1	Bharti Airtel Limited ₹21.38 Cr	Telecom - Services	2.54%	2.32%	-0.22%
2	HDFC Bank Limited ₹20.65 Cr	Banks	2.38%	2.24%	-0.14%
3	Aditya Vision Ltd ₹12.41 Cr	Retailing	1.44%	1.34%	-0.10%
4	Reliance Industries Limited ₹21.07 Cr	Petroleum Products	2.35%	2.28%	-0.07%
5	Mahindra & Mahindra Limited ₹13.00 Cr	Automobiles	1.47%	1.41%	-0.06%
6	Fortis Healthcare Limited ₹11.79 Cr	Healthcare Services	1.34%	1.28%	-0.06%
7	Oil & Natural Gas Corporation Limited ₹10.69 Cr	Oil	1.22%	1.16%	-0.06%
8	Maruti Suzuki India Limited ₹9.21 Cr	Automobiles	1.06%	1.00%	-0.06%
9	Delhivery Limited ₹8.71 Cr	Transport Services	1.00%	0.94%	-0.06%
10	Bharat Heavy Electricals Limited ₹12.31 Cr	Electrical Equipment	1.38%	1.33%	-0.05%
11	UltraTech Cement Limited ₹8.70 Cr	Cement & Cement Products	0.99%	0.94%	-0.05%
12	Cummins India Limited ₹5.11 Cr	Industrial Products	0.60%	0.55%	-0.05%
13	Marico Limited ₹6.15 Cr	Agricultural Food & other Products	0.71%	0.67%	-0.04%
14	JSW Energy Limited ₹5.10 Cr	Power	0.59%	0.55%	-0.04%
15	Apollo Hospitals Enterprise Limited ₹16.46 Cr	Healthcare Services	1.81%	1.78%	-0.03%
16	Tech Mahindra Limited ₹13.68 Cr	IT - Software	1.51%	1.48%	-0.03%
17	Coal India Limited ₹8.48 Cr	Consumable Fuels	0.95%	0.92%	-0.03%
18	The Federal Bank Limited ₹14.98 Cr	Banks	1.64%	1.62%	-0.02%
19	Torrent Pharmaceuticals Limited ₹9.21 Cr	Pharmaceuticals & Biotechnology	1.02%	1.00%	-0.02%
20	Mahanagar Gas Limited ₹4.29 Cr	Gas	0.49%	0.47%	-0.02%
21	Indus Towers Limited ₹6.45 Cr	Telecom - Services	0.71%	0.70%	-0.01%

What Stocks Does This Fund Hold?

58 stocks — Aug 2026

#	Stock	Sector	Weight & Value
1	ICICI Bank Limited ₹37.44 Cr	Banks	4.06%
2	Bharti Airtel Limited ₹21.38 Cr	Telecom - Services	2.32%
3	Reliance Industries Limited ₹21.07 Cr	Petroleum Products	2.28%
4	IndusInd Bank Limited ₹20.94 Cr	Banks	2.27%
5	HDFC Bank Limited ₹20.65 Cr	Banks	2.24%
6	Eternal Limited ₹19.85 Cr	Retailing	2.15%
7	Axis Bank Limited ₹19.50 Cr	Banks	2.11%
8	Laurus Labs Limited ₹17.86 Cr	Pharmaceuticals & Biotechnology	1.93%
9	Jindal Steel Limited ₹16.68 Cr	Ferrous Metals	1.81%
10	Apollo Hospitals Enterprise Limited ₹16.46 Cr	Healthcare Services	1.78%
11	The Federal Bank Limited ₹14.98 Cr	Banks	1.62%
12	State Bank of India ₹13.94 Cr	Banks	1.51%
13	Bajaj Finance Limited ₹13.69 Cr	Finance	1.48%
14	Tech Mahindra Limited ₹13.68 Cr	IT - Software	1.48%
15	Titan Company Limited ₹13.52 Cr	Consumer Durables	1.46%
16	Mahindra & Mahindra Limited ₹13.00 Cr	Automobiles	1.41%
17	Senores Pharmaceuticals Ltd ₹12.90 Cr	Pharmaceuticals & Biotechnology	1.40%
18	Larsen & Toubro Limited ₹12.70 Cr	Construction	1.38%
19	Aditya Vision Ltd ₹12.41 Cr	Retailing	1.34%
20	Bharat Heavy Electricals Limited ₹12.31 Cr	Electrical Equipment	1.33%
21	Bharat Electronics Limited ₹11.94 Cr	Aerospace & Defense	1.29%
22	Glenmark Pharmaceuticals Limited ₹11.92 Cr	Pharmaceuticals & Biotechnology	1.29%
23	Fortis Healthcare Limited ₹11.79 Cr	Healthcare Services	1.28%
24	Multi Commodity Exchange of India Limited ₹11.36 Cr	Capital Markets	1.23%
25	Bank of Maharashtra ₹10.97 Cr	Banks	1.19%
26	Divi's Laboratories Limited ₹10.70 Cr	Pharmaceuticals & Biotechnology	1.16%
27	Oil & Natural Gas Corporation Limited ₹10.69 Cr	Oil	1.16%
28	Indian Bank ₹9.44 Cr	Banks	1.02%
29	Aditya Birla Capital Limited ₹9.42 Cr	Finance	1.02%
30	Maruti Suzuki India Limited ₹9.21 Cr	Automobiles	1.00%
31	Torrent Pharmaceuticals Limited ₹9.21 Cr	Pharmaceuticals & Biotechnology	1.00%
32	Coforge Limited ₹9.23 Cr	IT - Software	1.00%
33	Bosch Limited ₹9.00 Cr	Auto Components	0.98%
34	Infosys Limited ₹8.85 Cr	IT - Software	0.96%
35	Delhivery Limited ₹8.71 Cr	Transport Services	0.94%
36	UltraTech Cement Limited ₹8.70 Cr	Cement & Cement Products	0.94%
37	Coal India Limited ₹8.48 Cr	Consumable Fuels	0.92%
38	Bajaj Auto Limited ₹8.41 Cr	Automobiles	0.91%
39	Aditya Birla Sun Life AMC Limited ₹8.41 Cr	Capital Markets	0.91%
40	Polycab India Limited ₹8.22 Cr	Industrial Products	0.89%
41	IDFC First Bank Limited ₹8.00 Cr	Banks	0.87%
42	L&T Finance Limited ₹7.74 Cr	Finance	0.84%
43	Radico Khaitan Limited ₹7.62 Cr	Beverages	0.83%
44	Vishal Mega Mart Limited ₹7.04 Cr	Retailing	0.76%
45	Hindustan Aeronautics Limited ₹6.96 Cr	Aerospace & Defense	0.75%
46	Black Buck Ltd ₹6.83 Cr	Transport Services	0.74%
47	The Phoenix Mills Limited ₹6.65 Cr	Realty	0.72%
48	Indus Towers Limited ₹6.45 Cr	Telecom - Services	0.70%
49	Marico Limited ₹6.15 Cr	Agricultural Food & other Products	0.67%
50	HDFC Asset Management Company Limited ₹5.24 Cr	Capital Markets	0.57%
51	Acutaas Chemicals Ltd ₹5.21 Cr	Pharmaceuticals & Biotechnology	0.56%
52	JSW Energy Limited ₹5.10 Cr	Power	0.55%
53	Cummins India Limited ₹5.11 Cr	Industrial Products	0.55%
54	IIFL Finance Limited ₹4.89 Cr	Finance	0.53%
55	DLF Limited ₹4.70 Cr	Realty	0.51%
56	Mahanagar Gas Limited ₹4.29 Cr	Gas	0.47%
57	Max Financial Services Limited ₹4.17 Cr	Insurance	0.45%
58	Arvind Fashions Limited ₹2.25 Cr	Retailing	0.24%