April 21, 2023
mayank
Mahindra Manulife Balanced Advantage Fund
NAV Growth: Rs 10.2017
NAV IDCW: Rs 10.2017
Suitable For Which Investors?
When you invest for five years or more, you can expect gains that beat the inflation rate as well as returns from fixed income options. But be prepared for ups and downs in your investment value along the way.
Dynamic Asset Allocation or Balanced Advantage funds invest your money in equity shares and bonds though their proportions are not fixed. The fund management team may increase of decrease the allocation to equity shares depending upon their market outlook.
These funds tend to fall less than pure equity funds when the stock markets decline because of their debt allocation. This makes them suitable for conservative equity investors.
Like for all equity-linked investments, you must invest only through the SIP route.
Fund’s Investment Strategy:
The scheme seeks 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.
Fund Manager:
1) Fatema Pacha
Education: Ms. Pacha has done PGDBM (Finance) and BE (Computers)
Experience: Prior to joining MMIMPL, she was associated with ICICI Prudential Life Insurance and UTI Mutual Fund.
2) Manish Lodha
Education: Mr. Lodha is a Chartered Accountant and Company Secretary
Experience: Prior to joining MMIMPL, he was associated with Canara HSBC OBC Life Insurance Co Ltd, Kotak Mahindra Mutual Fund. In these roles, he was responsible for Portfolio Management, Equity Research. He has also held various positions in Finance function during his association with BOC India Ltd (Now Linde India Ltd.).
3) Rahul Pal
Education: Mr. Pal is a B.Com (H) and Chartered Accountant.
Experience: Prior to joining Mahindra Manulife Mutual Fund, he has worked with Taurus AMC, Sundaram Mutual Fund and IDBI Mutual Fund.
Investment Details
| Min. Investment (Rs) | 1,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | For units in excess of 10% of the investment, 0.5% will be charged for redemption within 90 days |
Basic Details
| Fund House | Mahindra Manulife Mutual Fund |
| Launch Date | 30-Dec-21 |
| Return Since Launch | 1.54% |
| Benchmark | NIFTY 50 Hybrid Composite debt 50:50 Index |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 614 Cr |
| (As on 31-Mar-2023) | |
| Expense | 0.58% |
| (As on 31-Mar-2023) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 260.00% |
Mahindra Manulife Balanced Advantage Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Mahindra Mnulife Balanced Advtg Dir | -2.77 | 0.24 | 1.17 | -2.30 | -0.73 | 1.49 | — | — | — | — |
| VR Balanced TRI | -1.97 | 0.03 | 3.38 | -1.68 | 1.00 | 4.31 | — | — | — | — |
| Hybrid: Dynamic Asset Allocation | -0.08 | 0.04 | 2.24 | 0.05 | 1.59 | 4.91 | — | — | — | — |
| Rank within category | 30 | 1 | 30 | 30 | 28 | 25 | — | — | — | — |
| Number of funds in category | 30 | 32 | 31 | 30 | 30 | 28 | 23 | 15 | 12 | 6 |
Mahindra Manulife Balanced Advantage Fund Peer Comparison
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| Mahindra Mnulife Balanced Advtg Dir | Unrated | 1.49 | — | — | 0.58 | 614 | 1.54 | 0.50 (90) | 1yrs 3mo | 260.00 |
| HDFC Balanced Advtg Dir | 4 star | 12.37 | 27.46 | 12.97 | 0.88 | 52,079 | 14.21 | 1.00 (365) | 10yrs 3mo | 21.35 |
| ICICI Pru Balanced Advtg Dir | 4 star | 7.32 | 18.28 | 10.26 | 0.96 | 44,700 | 12.46 | 1.00 (365) | 10yrs 3mo | 16.00 |
| Edelweiss Balanced Advtg Dir | 4 star | 4.10 | 17.48 | 11.50 | 0.52 | 8,756 | 11.92 | 1.00 (90) | 10yrs 3mo | 81.00 |
| Tata Balanced Advtg Dir | 4 star | 6.64 | 17.31 | — | 0.28 | 6,473 | 12.62 | 1.00 (90) | 4yrs 2mo | 43.33 |
Portfolio Analysis
| No. of Stocks | 57 |
| Top 10 Holdings | 42.44% |
| Top 5 Stocks | 28.81% |
| Top 3 Sectors | 31.51% |
| Portfolio P/B Ratio | 2.75 |
| Portfolio P/E Ratio | 20.89 |
| Avg Credit Rating | — |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,35,824 | 1,99,300 |
| Giant (%) | 49.77 | 61.51 |
| Large (%) | 17.86 | 19.72 |
| Mid (%) | 26.62 | 16.52 |
| Small (%) | 5.75 | 5.56 |
| Tiny (%) | — | 0.03 |
| Fund | Category | |
| Number of Securities | 79 | 105 |
| Modified Duration (yrs) | 2.69 | 2.14 |
| Average Maturity (yrs) | 3.55 | 3.25 |
| Yield to Maturity (%) | 7.32 | 7.53 |
| Avg Credit Rating | — |
Chanakya’s Mutual Fund Guidance For Mahindra Manulife Balanced Advantage Fund
Do not invest in this, or any other balanced hybrid fund, if you need to redeem your investment in less than five years.
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