Return
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Showing Funds Performance since Sep 07, 2020
Fund Overview
Min. investment
SIP ₹500 & Lump. ₹1000
AUM (Fund size)
₹833 Cr
Lock In Period
N/A
Expense Ratio
2.26
Benchmark
Nifty 50 Hybrid Composite Debt 50: 50 Index TRI
Exit Load
10% of the units allotted shall be redeemed without any exit load, on or before completion of 3 months from the date of allotment of Units. Any redemption in excess of the above limit shall be subject to the following exit load:An Exit Load of 1.00 % is payable if Units are redeemed / switched-out on or before completion of 3 months from the date of allotment of Units;Nil - If Units are redeemed / switched-out after completion of 3 months from the date of allotment of Units. Redemption /Switch-Out of Units would be done on First in First out Basis (FIFO).
Summary
Latest details for Mahindra Manulife Balanced Advantage Fund Growth include a ₹14.2617 NAV as of Apr 24,2026 and returns since inception of 44.59%. Minimum investments start at SIP ₹500. The Mahindra Manulife Balanced Advantage Fund Growth AUM is ₹833 Cr, with a lock-in of N/A years, expense ratio of 2.26%, and benchmark Nifty 50 Hybrid Composite Debt 50: 50 Index TRI. Exit load is - 10% of the units allotted shall be redeemed without any exit load, on or before completion of 3 months from the date of allotment of Units. Any redemption in excess of the above limit shall be subject to the following exit load:An Exit Load of 1.00 % is payable if Units are redeemed / switched-out on or before completion of 3 months from the date of allotment of Units;Nil - If Units are redeemed / switched-out after completion of 3 months from the date of allotment of Units. Redemption /Switch-Out of Units would be done on First in First out Basis (FIFO).. In the growth review for 1M Month/Year, the fund recorded 6.83% returns, against a category average of -1.29% and a category best of 126.76%.
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Growth Review
| Duration | Fund Return(%) | Category Average(%) | Category Best(%) |
|---|---|---|---|
| 1M | 6.83 | -1.29 | 126.76 |
| 6M | -2.22 | 0.42 | 126.76 |
| 1Y | 2.35 | 2.71 | 126.76 |
| 3Y | 13.08 | 8.86 | 126.76 |
Portfolio Analysis
- Equity: 68.78%
- Debt: 31.22%
- Others
As on: 2026-03-31
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About Fund
Mahindra Manulife Balanced Advantage Fund Growth managed by Mahindra Manulife Mutual Fund,is a Equity - Hybridscheme with Assets Under Management of ₹833 Crore. The fund benchmarks its performance against the Nifty 50 Hybrid Composite Debt 50: 50 Index TRI while maintaining an expense ratio of 2.26. Under the expert guidance of Neelesh Dhamnaskar ,the fund implements a disciplined investment approach aligned with its mandate. The scheme requires a minimum investment of ₹500 for SIP and ₹1,000 for lump sum investments, making it accessible to diverse investor profiles.
Fund Managers
Neelesh Dhamnaskar
Mr. Neelesh is a Commerce Graduate and MMS (Finance). He has around 9 years of experience in equity research. He has worked with ENAM Securities Direct Pvt. Ltd. (May 2007 – Jan 21, 2010), KR Choksey Shares and Securities Pvt. Ltd. (Dec 2005 - Apr 2007) as Equity Research Analyst and Anand Rathi Securities Ltd. as Commodities Research Analyst (Feb 2005 - Nov 2005).
Peer Comparison
| Fund Name | Ratings | AUM | Expense Ratio |
|---|---|---|---|
| This FundSBI Retirement Benefit Fund - Aggressive Hybrid Plan Growth | 0 | 1465.87 CR | 2.08 |
| This FundSBI Retirement Benefit Fund - Aggressive Plan Growth | 0 | 2718.98 CR | 1.95 |
| This FundWhiteOak Capital Balanced Advantage Fund Growth | 0 | 2004.9 CR | 2.06 |
| This FundSBI Balanced Advantage Fund Growth | 3 | 38487.87 CR | 1.55 |
| This FundMahindra Manulife Balanced Advantage Fund Growth | 1 | 833.19 CR | 2.26 |
| Fund Name | 1Y | 3Y |
|---|---|---|
| This FundSBI Retirement Benefit Fund - Aggressive Hybrid Plan Growth | 5.4379 | 42.0256 |
| This FundSBI Retirement Benefit Fund - Aggressive Plan Growth | 2.7484 | 42.0564 |
| This FundWhiteOak Capital Balanced Advantage Fund Growth | 2.2788 | 42.508 |
| This FundSBI Balanced Advantage Fund Growth | 5.0272 | 43.7199 |
| This FundMahindra Manulife Balanced Advantage Fund Growth | 2.3474 | 44.5943 |
FAQs
Mahindra Manulife Balanced Advantage Fund Growth's fund is managed by experienced SEBI-registered investment fund manager , who implements the fund's strategy through research-backed decisions while adhering to its stated objectives.
The expense ratio of Mahindra Manulife Balanced Advantage Fund Growth is 2.26. This expense ratio is calculated by dividing the fund's operating expenses by its net assets.
Mahindra Manulife Balanced Advantage Fund Growth’s fund performance is as follows:
- 1 Month : 6.83%
- 6 Months : -2.22%
- 1 Year : 2.35%
- 3 Years : 13.08%
You can invest in Mahindra Manulife Balanced Advantage Fund Growth through SIP with a minimum of ₹500 monthly or make a lump sum investment of a minimum ₹1,000. Additional purchase minimums vary by scheme.
The fund size (AUM) of Mahindra Manulife Balanced Advantage Fund Growth is ₹833 crore. It changes based on market performance, inflows, and outflows.
You can track your investment in Mahindra Manulife Balanced Advantage Fund Growth through our website, our Choice FinX mobile app, regular statements, and email updates. Our customer support team is available for queries.
Min Inv Amount: ₹500