Mahindra Manulife Balanced Advantage Fund - Direct Plan - IDCW

Open Ended Schemes(Hybrid Scheme - Dynamic Asset Allocation or Balanced Advantage)Very High Riskvs Nifty 50 Hybrid Composite Debt 50ISIN INF174V01BF7

NAV · 06-Jul-2026

₹12.9309

+4.14%

-5.31%

1Y (CAGR)

-3.19%

3Y (CAGR)

+4.88%

5Y (CAGR)

—

Since inception (CAGR)

+5.73%

NAV history

hover for values

Risk & SIP analytics

Q4 · 3Y in category

Volatility (3y)

12.75%

Downside dev (3y)

14.34%

Max drawdown (3y)

-18.1%

Sharpe (3y)

-0.13

SIP XIRR (3y)

-0.31%

Calendar-year returns

2023 +22.0%2024 +7.4%2025 -2.4%

Vs benchmark — Nifty 50

3y monthly · 36 months of overlap

Beta

0.69

Alpha (p.a.)

-2.58%

Up capture

48.5%

Down capture

61.7%

Correlation

0.73

Fund facts

Fund managerRahul Pal · Amit Garg · Fatema Pacha · Neelesh Dhamnaskar

AUM₹8,838 Cr

Expense ratio0.58% · 2026-05-31

TER · AMFI officialDirect 0.87% · Regular 2.47% (2026-06-30)

Launch date09-Dec-2021

Plan typeOpen Ended · Hybrid

Min lumpsum₹1,000

Min SIP₹500

Lock-inNone

Volatility11.39

AMCMahindra Manulife Investment Management Pvt Ltd

Objective · The investment objective of the Scheme is to provide capital appreciation and generate income through a dynamic mix of equity, debt and money market instruments. The Scheme seeks to reduce the volatility by diversifying the assets across equity, debt and money market instruments. However, there can be no assurance that the investment objective of the Scheme will be achieved.

scheme documents ↗