Mahindra Manulife Balanced Advantage Fund Direct Growth
Hybrid
Direct
Dynamic Asset Allocation
NAV as on 20-12-2024
₹ 14.8
1D
Inception Returns
14.1%
/yr
About Mahindra Manulife Balanced Advantage Fund Direct Growth
Mahindra Manulife Balanced Advantage Fund Direct Growth is a hybrid fund. This fund was started on 30 December, 2021. The fund is managed by Rahul Pal, Manish Lodha, Fatema Pacha. This fund gives you the benefit of diversification.
Key Parameters
- Mahindra Manulife Balanced Advantage Fund Direct Growth has ₹904 Cr worth of assets under management (AUM) as on Nov 2024 and is less than category average.
- The fund has an expense ratio 0.6.
Returns
Mahindra Manulife Balanced Advantage Fund Direct Growth has given a CAGR return of 14.10% since inception. Over the last 1 year the fund has given a CAGR return of 18.51%.
Holdings
Mahindra Manulife Balanced Advantage Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Government, Financial Services, Consumer Cyclical, Consumer Defensive, Energy, Tech, Corporate, Basic Materials, Health, Industrial, Utilities, Communication.
Taxation
As it is a dynamic asset allocation mutual fund the taxation is as follows:If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitGains up to Rs 1 lakh are exempt from taxation (more than 12 months).
Investment objective of Mahindra Manulife Balanced Advantage Fund Direct Growth
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.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 500.00. Mahindra Manulife Balanced Advantage Fund Direct Growth has no lock in period.
Historical NAV & Returns
Mahindra Manulife Balanced Advantage Fund Direct Growth Overview
| Expense ratio | 0.56% |
Benchmark | Nifty 50 Hybrid Comp Debt 50:50 TR INR |
| AUM | ₹904 Cr |
| Inception Date | 30 December, 2021 |
| Min Lumpsum/SIP | ₹1000/₹500 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 292.71% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (20-Dec-24)
Fund Distribution
as on (30-Nov-24)
- AUM of the fund stands at 904.2 Cr as of Nov'24
- AUM increased by 14.1 Cr between Nov'24 and Oct'24
Top 3 Sectors in November were Government, Financial Services & Consumer Cyclical
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 6.08% | 29.3% | |
 Reliance Industries Ltd | 4.63% | 38.5% | |
 ICICI Bank Ltd | 3.52% | 58.1% | |
 ITC Ltd | 2.61% | 0% | |
 Hindustan Unilever Ltd | 2.14% | 0% |
Mahindra Manulife Balanced Advantage Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹904 Cr
Expense Ratio 0.56%
Frequently Asked Questions for Mahindra Manulife Balanced Advantage Fund Direct Growth
Mahindra Manulife Balanced Advantage Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.25% | 1.25% |
6 Month Returns | 3.72% | 3.72% |
1 Year Returns | 18.51% | 18.51% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
AAA | 89.33 |
AA | 10.67 |