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 May 2026 Comparing Apr 2026 → May 2026

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Stocks Held

May 2026

Equity Holdings

₹627.74 Cr

Equity only, excl. debt & cash

Top 5 Weight

12.7%

Diversified

Top 10 Weight

22.1%

Diversified

Changes

1 new · 0 exits

Top Sector

Banks

16.2% of portfolio

📋 What Happened This Month Mahindra Manulife Balanced Advantage Fund added 1 new stock to its portfolio this month. The biggest new buy was Coforge Limited (IT - Software) at 0.61% weight. Among existing holdings, Laurus Labs Limited saw the biggest increase — now at 1.70% of the portfolio. State Bank of India was trimmed the most, now at 1.90%. ICICI Bank Limited remains the top holding with Banks the dominant sector at 16.2%. ↓ 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

+1.56%

+8.10%

+1.23%

+2.92%

Latest NAV

₹15.85

24 Jun 2026

52W High

₹15.97

-1% from High

52W Low

₹13.79

+15% 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

14.3%

+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)

0.79

Return per unit of risk. >1 is good.

Sortino Ratio (3Y)

1.08

Penalises downside volatility only.

Std Deviation (3Y)

10.0%

Lower = more consistent returns.

NAV Chart ₹15.85 24 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: ₹15.85

Sector Shift Industry allocation month-over-month

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%

Apr 2026 → May 2026

Sector	Prev	Curr ▼	Delta
Banks	17.2%	16.2%	▼ -1.0%
Pharmaceuticals & Biotechnology	5.3%	5.8%	▲ +0.6%
Finance	4.1%	4.1%	● 0.0%
Telecom - Services	4.4%	4.1%	▼ -0.3%
Retailing	4.0%	4.1%	● +0.1%
Automobiles	3.3%	3.3%	● +0.0%
Healthcare Services	2.9%	3.1%	▲ +0.1%
IT - Software	2.6%	3.1%	▲ +0.4%
Capital Markets	2.7%	2.7%	● +0.0%
Petroleum Products	2.7%	2.5%	▼ -0.2%

🟢

Biggest New Buy

Coforge Limited

0.61% weight · IT - Software

↑

Biggest Add

Laurus Labs Limited

+0.33% · now 1.70%

↓

Biggest Trim

State Bank of India

-0.69% · now 1.90%

🤝 Other funds also bought this month

Coforge Limited 26 funds

What Changed in the Portfolio This Month?

Comparing Apr 2026 → May 2026

Apr 2026 → May 2026

🟢 1 New Entry ↑ 29 Increased ↓ 24 Decreased

#	Stock	Sector	Weight (May 2026)
1	Coforge Limited ₹5.40 Cr	IT - Software	0.61%

#	Stock	Sector	Apr 2026	May 2026	Change
1	Laurus Labs Limited ₹14.98 Cr	Pharmaceuticals & Biotechnology	1.37%	1.70%	+0.33%
2	Senores Pharmaceuticals Ltd ₹11.99 Cr	Pharmaceuticals & Biotechnology	1.08%	1.36%	+0.28%
3	Bharat Heavy Electricals Limited ₹14.59 Cr	Electrical Equipment	1.39%	1.65%	+0.26%
4	Oil & Natural Gas Corporation Limited ₹12.23 Cr	Oil	1.14%	1.38%	+0.24%
5	Apollo Hospitals Enterprise Limited ₹15.13 Cr	Healthcare Services	1.59%	1.71%	+0.12%
6	Cummins India Limited ₹5.88 Cr	Industrial Products	0.59%	0.67%	+0.08%
7	Polycab India Limited ₹4.26 Cr	Industrial Products	0.41%	0.48%	+0.07%
8	SRF Limited ₹7.06 Cr	Chemicals & Petrochemicals	0.74%	0.80%	+0.06%
9	Bajaj Auto Limited ₹8.37 Cr	Automobiles	0.90%	0.95%	+0.05%
10	Aditya Birla Capital Limited ₹8.36 Cr	Finance	0.90%	0.95%	+0.05%
11	Axis Bank Limited ₹19.30 Cr	Banks	2.14%	2.18%	+0.04%
12	Eternal Limited ₹15.16 Cr	Retailing	1.68%	1.72%	+0.04%
13	Aditya Birla Sun Life AMC Limited ₹8.51 Cr	Capital Markets	0.92%	0.96%	+0.04%
14	JSW Energy Limited ₹5.83 Cr	Power	0.62%	0.66%	+0.04%
15	Larsen & Toubro Limited ₹12.80 Cr	Construction	1.42%	1.45%	+0.03%
16	Aditya Vision Ltd ₹11.05 Cr	Retailing	1.22%	1.25%	+0.03%
17	Divi's Laboratories Limited ₹9.33 Cr	Pharmaceuticals & Biotechnology	1.03%	1.06%	+0.03%
18	Max Financial Services Limited ₹4.44 Cr	Insurance	0.47%	0.50%	+0.03%
19	Torrent Pharmaceuticals Limited ₹4.05 Cr	Pharmaceuticals & Biotechnology	0.43%	0.46%	+0.03%
20	Fortis Healthcare Limited ₹12.07 Cr	Healthcare Services	1.35%	1.37%	+0.02%
21	Bank of Maharashtra ₹10.60 Cr	Banks	1.18%	1.20%	+0.02%
22	L&T Finance Limited ₹6.91 Cr	Finance	0.76%	0.78%	+0.02%
23	Bosch Limited ₹6.59 Cr	Auto Components	0.73%	0.75%	+0.02%
24	Radico Khaitan Limited ₹5.98 Cr	Beverages	0.66%	0.68%	+0.02%
25	Tech Mahindra Limited ₹12.46 Cr	IT - Software	1.40%	1.41%	+0.01%
26	The Federal Bank Limited ₹12.14 Cr	Banks	1.36%	1.37%	+0.01%
27	ICICI Lombard General Insurance Company Limited ₹4.66 Cr	Insurance	0.52%	0.53%	+0.01%
28	IIFL Finance Limited ₹3.53 Cr	Finance	0.39%	0.40%	+0.01%
29	Arvind Fashions Limited ₹2.30 Cr	Retailing	0.25%	0.26%	+0.01%

#	Stock	Sector	Apr 2026	May 2026	Change
1	State Bank of India ₹16.78 Cr	Banks	2.59%	1.90%	-0.69%
2	IDFC First Bank Limited ₹6.63 Cr	Banks	0.98%	0.75%	-0.23%
3	Indus Towers Limited ₹14.85 Cr	Telecom - Services	1.89%	1.68%	-0.21%
4	Infosys Limited ₹9.06 Cr	IT - Software	1.24%	1.03%	-0.21%
5	Reliance Industries Limited ₹21.80 Cr	Petroleum Products	2.66%	2.47%	-0.19%
6	HDFC Bank Limited ₹21.68 Cr	Banks	2.58%	2.45%	-0.13%
7	Glenmark Pharmaceuticals Limited ₹10.93 Cr	Pharmaceuticals & Biotechnology	1.36%	1.24%	-0.12%
8	Titan Company Limited ₹10.80 Cr	Consumer Durables	1.31%	1.22%	-0.09%
9	Power Grid Corporation of India Limited ₹8.43 Cr	Power	1.04%	0.95%	-0.09%
10	Coal India Limited ₹14.47 Cr	Consumable Fuels	1.72%	1.64%	-0.08%
11	Bharti Airtel Limited ₹21.58 Cr	Telecom - Services	2.51%	2.44%	-0.07%
12	Bharat Electronics Limited ₹11.83 Cr	Aerospace & Defense	1.40%	1.34%	-0.06%
13	Black Buck Ltd ₹5.87 Cr	Transport Services	0.71%	0.66%	-0.05%
14	Bajaj Finance Limited ₹13.40 Cr	Finance	1.56%	1.52%	-0.04%
15	CRISIL Limited ₹4.22 Cr	Finance	0.52%	0.48%	-0.04%
16	Britannia Industries Limited ₹3.90 Cr	Food Products	0.48%	0.44%	-0.04%
17	Delhivery Limited ₹8.64 Cr	Transport Services	1.01%	0.98%	-0.03%
18	Jindal Steel Limited ₹16.88 Cr	Ferrous Metals	1.93%	1.91%	-0.02%
19	Mahindra & Mahindra Limited ₹12.06 Cr	Automobiles	1.38%	1.36%	-0.02%
20	Indian Bank ₹8.75 Cr	Banks	1.01%	0.99%	-0.02%
21	Mahanagar Gas Limited ₹6.10 Cr	Gas	0.71%	0.69%	-0.02%
22	UltraTech Cement Limited ₹14.47 Cr	Cement & Cement Products	1.65%	1.64%	-0.01%
23	Maruti Suzuki India Limited ₹8.93 Cr	Automobiles	1.02%	1.01%	-0.01%
24	HDFC Asset Management Company Limited ₹7.22 Cr	Capital Markets	0.83%	0.82%	-0.01%

What Stocks Does This Fund Hold?

60 stocks — May 2026

#	Stock	Sector	Weight & Value
1	ICICI Bank Limited ₹28.27 Cr	Banks	3.20%
2	Reliance Industries Limited ₹21.80 Cr	Petroleum Products	2.47%
3	HDFC Bank Limited ₹21.68 Cr	Banks	2.45%
4	Bharti Airtel Limited ₹21.58 Cr	Telecom - Services	2.44%
5	Axis Bank Limited ₹19.30 Cr	Banks	2.18%
6	IndusInd Bank Limited ₹18.84 Cr	Banks	2.13%
7	Jindal Steel Limited ₹16.88 Cr	Ferrous Metals	1.91%
8	State Bank of India ₹16.78 Cr	Banks	1.90%
9	Eternal Limited ₹15.16 Cr	Retailing	1.72%
10	Apollo Hospitals Enterprise Limited ₹15.13 Cr	Healthcare Services	1.71%
11	Laurus Labs Limited ₹14.98 Cr	Pharmaceuticals & Biotechnology	1.70%
12	Indus Towers Limited ₹14.85 Cr	Telecom - Services	1.68%
13	Bharat Heavy Electricals Limited ₹14.59 Cr	Electrical Equipment	1.65%
14	Coal India Limited ₹14.47 Cr	Consumable Fuels	1.64%
15	UltraTech Cement Limited ₹14.47 Cr	Cement & Cement Products	1.64%
16	Bajaj Finance Limited ₹13.40 Cr	Finance	1.52%
17	Larsen & Toubro Limited ₹12.80 Cr	Construction	1.45%
18	Tech Mahindra Limited ₹12.46 Cr	IT - Software	1.41%
19	Oil & Natural Gas Corporation Limited ₹12.23 Cr	Oil	1.38%
20	The Federal Bank Limited ₹12.14 Cr	Banks	1.37%
21	Fortis Healthcare Limited ₹12.07 Cr	Healthcare Services	1.37%
22	Mahindra & Mahindra Limited ₹12.06 Cr	Automobiles	1.36%
23	Senores Pharmaceuticals Ltd ₹11.99 Cr	Pharmaceuticals & Biotechnology	1.36%
24	Bharat Electronics Limited ₹11.83 Cr	Aerospace & Defense	1.34%
25	Aditya Vision Ltd ₹11.05 Cr	Retailing	1.25%
26	Glenmark Pharmaceuticals Limited ₹10.93 Cr	Pharmaceuticals & Biotechnology	1.24%
27	Titan Company Limited ₹10.80 Cr	Consumer Durables	1.22%
28	Bank of Maharashtra ₹10.60 Cr	Banks	1.20%
29	Divi's Laboratories Limited ₹9.33 Cr	Pharmaceuticals & Biotechnology	1.06%
30	Infosys Limited ₹9.06 Cr	IT - Software	1.03%
31	Maruti Suzuki India Limited ₹8.93 Cr	Automobiles	1.01%
32	Indian Bank ₹8.75 Cr	Banks	0.99%
33	Delhivery Limited ₹8.64 Cr	Transport Services	0.98%
34	Aditya Birla Sun Life AMC Limited ₹8.51 Cr	Capital Markets	0.96%
35	Power Grid Corporation of India Limited ₹8.43 Cr	Power	0.95%
36	Bajaj Auto Limited ₹8.37 Cr	Automobiles	0.95%
37	Aditya Birla Capital Limited ₹8.36 Cr	Finance	0.95%
38	Multi Commodity Exchange of India Limited ₹7.98 Cr	Capital Markets	0.90%
39	Vishal Mega Mart Limited ₹7.74 Cr	Retailing	0.88%
40	HDFC Asset Management Company Limited ₹7.22 Cr	Capital Markets	0.82%
41	SRF Limited ₹7.06 Cr	Chemicals & Petrochemicals	0.80%
42	L&T Finance Limited ₹6.91 Cr	Finance	0.78%
43	IDFC First Bank Limited ₹6.63 Cr	Banks	0.75%
44	Bosch Limited ₹6.59 Cr	Auto Components	0.75%
45	The Phoenix Mills Limited ₹6.20 Cr	Realty	0.70%
46	Mahanagar Gas Limited ₹6.10 Cr	Gas	0.69%
47	Radico Khaitan Limited ₹5.98 Cr	Beverages	0.68%
48	Cummins India Limited ₹5.88 Cr	Industrial Products	0.67%
49	Black Buck Ltd ₹5.87 Cr	Transport Services	0.66%
50	JSW Energy Limited ₹5.83 Cr	Power	0.66%
51	Coforge Limited ₹5.40 Cr	IT - Software	0.61%
52	ICICI Lombard General Insurance Company Limited ₹4.66 Cr	Insurance	0.53%
53	Max Financial Services Limited ₹4.44 Cr	Insurance	0.50%
54	Polycab India Limited ₹4.26 Cr	Industrial Products	0.48%
55	CRISIL Limited ₹4.22 Cr	Finance	0.48%
56	Torrent Pharmaceuticals Limited ₹4.05 Cr	Pharmaceuticals & Biotechnology	0.46%
57	Britannia Industries Limited ₹3.90 Cr	Food Products	0.44%
58	IIFL Finance Limited ₹3.53 Cr	Finance	0.40%
59	Hindustan Aeronautics Limited ₹3.44 Cr	Aerospace & Defense	0.39%
60	Arvind Fashions Limited ₹2.30 Cr	Retailing	0.26%