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 Sep 2026 Comparing Aug 2026 → Sep 2026

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Stocks Held

Sep 2026

Equity Holdings

₹595.84 Cr

Equity only, excl. debt & cash

AAUM

₹883.59 Cr

Apr-Jun 2026 · Direct + Regular

Top 5 Weight

13.0%

Diversified

Top 10 Weight

22.5%

Diversified

Changes

0 new · 1 exits

Top Sector

Banks

16.4% 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 exited 1 stock from its portfolio this month. IIFL Finance Limited was the biggest exit (Finance), which was held at 0.53%. Among existing holdings, HDFC Bank Limited saw the biggest increase — now at 2.35% of the portfolio. Laurus Labs Limited was trimmed the most, now at 1.71%. 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

-3.39%

-3.19%

+2.26%

+0.29%

Latest NAV

₹15.59

09 Oct 2026

52W High

₹16.41

-5% from High

52W Low

₹14.43

+8% 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

13.5%

+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)

0.47

Return per unit of risk. >1 is good.

Sortino Ratio (3Y)

0.64

Penalises downside volatility only.

Std Deviation (3Y)

10.1%

Lower = more consistent returns.

NAV Chart ₹15.59 09 Oct 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: ₹15.59

Sector Shift Industry allocation month-over-month

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%

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%

🔴

Biggest Exit

IIFL Finance Limited

0.53% was held · Finance

↑

Biggest Add

HDFC Bank Limited

+0.11% · now 2.35%

↓

Biggest Trim

Laurus Labs Limited

-0.22% · now 1.71%

👋 Other funds also exited

IIFL Finance Limited 7 funds

What Changed in the Portfolio This Month?

Comparing Aug 2026 → Sep 2026

Aug 2026 → Sep 2026

🔴 1 Exit ↑ 18 Increased ↓ 34 Decreased

#	Stock	Sector	Last Weight (Aug 2026)
1	IIFL Finance Limited ₹4.89 Cr	Finance	0.53%

#	Stock	Sector	Aug 2026	Sep 2026	Change
1	HDFC Bank Limited ₹20.64 Cr	Banks	2.24%	2.35%	+0.11%
2	Coal India Limited ₹8.97 Cr	Consumable Fuels	0.92%	1.02%	+0.10%
3	Aditya Vision Ltd ₹12.28 Cr	Retailing	1.34%	1.40%	+0.06%
4	Black Buck Ltd ₹6.99 Cr	Transport Services	0.74%	0.80%	+0.06%
5	Eternal Limited ₹19.36 Cr	Retailing	2.15%	2.20%	+0.05%
6	The Phoenix Mills Limited ₹6.77 Cr	Realty	0.72%	0.77%	+0.05%
7	Acutaas Chemicals Ltd ₹5.40 Cr	Pharmaceuticals & Biotechnology	0.56%	0.61%	+0.05%
8	Bharti Airtel Limited ₹20.73 Cr	Telecom - Services	2.32%	2.36%	+0.04%
9	Divi's Laboratories Limited ₹10.50 Cr	Pharmaceuticals & Biotechnology	1.16%	1.19%	+0.03%
10	Oil & Natural Gas Corporation Limited ₹10.41 Cr	Oil	1.16%	1.18%	+0.02%
11	Hindustan Aeronautics Limited ₹6.77 Cr	Aerospace & Defense	0.75%	0.77%	+0.02%
12	Multi Commodity Exchange of India Limited ₹11.02 Cr	Capital Markets	1.23%	1.25%	+0.02%
13	Bank of Maharashtra ₹10.61 Cr	Banks	1.19%	1.21%	+0.02%
14	Senores Pharmaceuticals Ltd ₹12.47 Cr	Pharmaceuticals & Biotechnology	1.40%	1.42%	+0.02%
15	UltraTech Cement Limited ₹8.33 Cr	Cement & Cement Products	0.94%	0.95%	+0.01%
16	DLF Limited ₹4.58 Cr	Realty	0.51%	0.52%	+0.01%
17	Radico Khaitan Limited ₹7.42 Cr	Beverages	0.83%	0.84%	+0.01%
18	Mahanagar Gas Limited ₹4.25 Cr	Gas	0.47%	0.48%	+0.01%

#	Stock	Sector	Aug 2026	Sep 2026	Change
1	Laurus Labs Limited ₹15.00 Cr	Pharmaceuticals & Biotechnology	1.93%	1.71%	-0.22%
2	ICICI Bank Limited ₹34.03 Cr	Banks	4.06%	3.87%	-0.19%
3	IndusInd Bank Limited ₹18.57 Cr	Banks	2.27%	2.11%	-0.16%
4	Fortis Healthcare Limited ₹10.01 Cr	Healthcare Services	1.28%	1.14%	-0.14%
5	L&T Finance Limited ₹6.39 Cr	Finance	0.84%	0.73%	-0.11%
6	The Federal Bank Limited ₹13.33 Cr	Banks	1.62%	1.52%	-0.10%
7	Polycab India Limited ₹6.98 Cr	Industrial Products	0.89%	0.79%	-0.10%
8	Infosys Limited ₹7.76 Cr	IT - Software	0.96%	0.88%	-0.08%
9	Mahindra & Mahindra Limited ₹11.68 Cr	Automobiles	1.41%	1.33%	-0.08%
10	Titan Company Limited ₹12.16 Cr	Consumer Durables	1.46%	1.38%	-0.08%
11	State Bank of India ₹12.62 Cr	Banks	1.51%	1.44%	-0.07%
12	Bajaj Finance Limited ₹12.43 Cr	Finance	1.48%	1.41%	-0.07%
13	Maruti Suzuki India Limited ₹8.14 Cr	Automobiles	1.00%	0.93%	-0.07%
14	Coforge Limited ₹8.13 Cr	IT - Software	1.00%	0.93%	-0.07%
15	Apollo Hospitals Enterprise Limited ₹15.11 Cr	Healthcare Services	1.78%	1.72%	-0.06%
16	Indian Bank ₹8.46 Cr	Banks	1.02%	0.96%	-0.06%
17	Reliance Industries Limited ₹19.59 Cr	Petroleum Products	2.28%	2.23%	-0.05%
18	Bajaj Auto Limited ₹7.54 Cr	Automobiles	0.91%	0.86%	-0.05%
19	HDFC Asset Management Company Limited ₹4.56 Cr	Capital Markets	0.57%	0.52%	-0.05%
20	Delhivery Limited ₹7.83 Cr	Transport Services	0.94%	0.89%	-0.05%
21	Larsen & Toubro Limited ₹11.81 Cr	Construction	1.38%	1.34%	-0.04%
22	Max Financial Services Limited ₹3.64 Cr	Insurance	0.45%	0.41%	-0.04%
23	Vishal Mega Mart Limited ₹6.42 Cr	Retailing	0.76%	0.73%	-0.03%
24	Axis Bank Limited ₹18.39 Cr	Banks	2.11%	2.09%	-0.02%
25	Bharat Electronics Limited ₹11.18 Cr	Aerospace & Defense	1.29%	1.27%	-0.02%
26	Tech Mahindra Limited ₹12.80 Cr	IT - Software	1.48%	1.46%	-0.02%
27	Bharat Heavy Electricals Limited ₹11.55 Cr	Electrical Equipment	1.33%	1.31%	-0.02%
28	Bosch Limited ₹8.48 Cr	Auto Components	0.98%	0.96%	-0.02%
29	Aditya Birla Capital Limited ₹8.75 Cr	Finance	1.02%	1.00%	-0.02%
30	Arvind Fashions Limited ₹1.93 Cr	Retailing	0.24%	0.22%	-0.02%
31	IDFC First Bank Limited ₹7.57 Cr	Banks	0.87%	0.86%	-0.01%
32	Cummins India Limited ₹4.76 Cr	Industrial Products	0.55%	0.54%	-0.01%
33	Torrent Pharmaceuticals Limited ₹8.73 Cr	Pharmaceuticals & Biotechnology	1.00%	0.99%	-0.01%
34	Glenmark Pharmaceuticals Limited ₹11.22 Cr	Pharmaceuticals & Biotechnology	1.29%	1.28%	-0.01%

What Stocks Does This Fund Hold?

57 stocks — Sep 2026

#	Stock	Sector	Weight & Value
1	ICICI Bank Limited ₹34.03 Cr	Banks	3.87%
2	Bharti Airtel Limited ₹20.73 Cr	Telecom - Services	2.36%
3	HDFC Bank Limited ₹20.64 Cr	Banks	2.35%
4	Reliance Industries Limited ₹19.59 Cr	Petroleum Products	2.23%
5	Eternal Limited ₹19.36 Cr	Retailing	2.20%
6	IndusInd Bank Limited ₹18.57 Cr	Banks	2.11%
7	Axis Bank Limited ₹18.39 Cr	Banks	2.09%
8	Jindal Steel Limited ₹15.87 Cr	Ferrous Metals	1.81%
9	Apollo Hospitals Enterprise Limited ₹15.11 Cr	Healthcare Services	1.72%
10	Laurus Labs Limited ₹15.00 Cr	Pharmaceuticals & Biotechnology	1.71%
11	The Federal Bank Limited ₹13.33 Cr	Banks	1.52%
12	Tech Mahindra Limited ₹12.80 Cr	IT - Software	1.46%
13	State Bank of India ₹12.62 Cr	Banks	1.44%
14	Senores Pharmaceuticals Ltd ₹12.47 Cr	Pharmaceuticals & Biotechnology	1.42%
15	Bajaj Finance Limited ₹12.43 Cr	Finance	1.41%
16	Aditya Vision Ltd ₹12.28 Cr	Retailing	1.40%
17	Titan Company Limited ₹12.16 Cr	Consumer Durables	1.38%
18	Larsen & Toubro Limited ₹11.81 Cr	Construction	1.34%
19	Mahindra & Mahindra Limited ₹11.68 Cr	Automobiles	1.33%
20	Bharat Heavy Electricals Limited ₹11.55 Cr	Electrical Equipment	1.31%
21	Glenmark Pharmaceuticals Limited ₹11.22 Cr	Pharmaceuticals & Biotechnology	1.28%
22	Bharat Electronics Limited ₹11.18 Cr	Aerospace & Defense	1.27%
23	Multi Commodity Exchange of India Limited ₹11.02 Cr	Capital Markets	1.25%
24	Bank of Maharashtra ₹10.61 Cr	Banks	1.21%
25	Divi's Laboratories Limited ₹10.50 Cr	Pharmaceuticals & Biotechnology	1.19%
26	Oil & Natural Gas Corporation Limited ₹10.41 Cr	Oil	1.18%
27	Fortis Healthcare Limited ₹10.01 Cr	Healthcare Services	1.14%
28	Coal India Limited ₹8.97 Cr	Consumable Fuels	1.02%
29	Aditya Birla Capital Limited ₹8.75 Cr	Finance	1.00%
30	Torrent Pharmaceuticals Limited ₹8.73 Cr	Pharmaceuticals & Biotechnology	0.99%
31	Indian Bank ₹8.46 Cr	Banks	0.96%
32	Bosch Limited ₹8.48 Cr	Auto Components	0.96%
33	UltraTech Cement Limited ₹8.33 Cr	Cement & Cement Products	0.95%
34	Coforge Limited ₹8.13 Cr	IT - Software	0.93%
35	Maruti Suzuki India Limited ₹8.14 Cr	Automobiles	0.93%
36	Aditya Birla Sun Life AMC Limited ₹7.96 Cr	Capital Markets	0.91%
37	Delhivery Limited ₹7.83 Cr	Transport Services	0.89%
38	Infosys Limited ₹7.76 Cr	IT - Software	0.88%
39	Bajaj Auto Limited ₹7.54 Cr	Automobiles	0.86%
40	IDFC First Bank Limited ₹7.57 Cr	Banks	0.86%
41	Radico Khaitan Limited ₹7.42 Cr	Beverages	0.84%
42	Black Buck Ltd ₹6.99 Cr	Transport Services	0.80%
43	Polycab India Limited ₹6.98 Cr	Industrial Products	0.79%
44	The Phoenix Mills Limited ₹6.77 Cr	Realty	0.77%
45	Hindustan Aeronautics Limited ₹6.77 Cr	Aerospace & Defense	0.77%
46	Vishal Mega Mart Limited ₹6.42 Cr	Retailing	0.73%
47	L&T Finance Limited ₹6.39 Cr	Finance	0.73%
48	Indus Towers Limited ₹6.20 Cr	Telecom - Services	0.70%
49	Marico Limited ₹5.90 Cr	Agricultural Food & other Products	0.67%
50	Acutaas Chemicals Ltd ₹5.40 Cr	Pharmaceuticals & Biotechnology	0.61%
51	JSW Energy Limited ₹4.85 Cr	Power	0.55%
52	Cummins India Limited ₹4.76 Cr	Industrial Products	0.54%
53	HDFC Asset Management Company Limited ₹4.56 Cr	Capital Markets	0.52%
54	DLF Limited ₹4.58 Cr	Realty	0.52%
55	Mahanagar Gas Limited ₹4.25 Cr	Gas	0.48%
56	Max Financial Services Limited ₹3.64 Cr	Insurance	0.41%
57	Arvind Fashions Limited ₹1.93 Cr	Retailing	0.22%