Mahindra Manulife Balanced Advantage Fund

Mahindra Manulife Mutual FundHybridPortfolio as of 30 September 2026

Mahindra Manulife Balanced Advantage Fund holds 82 instruments (69.94% equity), led by ICICI Bank Limited (3.87%), Bharti Airtel Limited (2.36%) and HDFC Bank Limited (2.35%), as of its 30 September 2026 SEBI-mandated monthly disclosure.

Holdings
82
Equity Allocation
69.94%
AMC
Mahindra Manulife Mutual Fund
Category
Hybrid

This page shows the complete disclosed portfolio of Mahindra Manulife Balanced Advantage Fund, managed by Mahindra Manulife Mutual Fund, based on its monthly portfolio disclosure dated 30 September 2026. The fund holds 82 instruments with an equity allocation of 69.94%. Percentages are of net assets (% to NAV). Click any stock to see every other mutual fund that also holds it.

Portfolio Analysis

Mahindra Manulife Balanced Advantage Fund's top 10 holdings account for 22.91% of its portfolio, more diversified than the Hybrid category average of 27.4%. Financial Services is its largest sector exposure at 22.64% of net assets, spread across 12 sectors in total. Since its 31 August 2026 disclosure, the fund added 0 new positions and exited 1 position, with Laurus Labs Limited seeing the largest move (-0.22pp to 1.71%).

Sector Breakdown

Equity holdings grouped by sector, % to NAV. "Other" covers debt, cash and other non-equity instruments, plus any equity holding without a classified sector.

Other
30.02%
Financial Services
22.64%
Healthcare
10.06%
Consumer Discretionary
10.01%
Industrials
6.02%
Energy
4.43%
Real Estate
3.46%
Information Technology
3.27%
Telecommunication
3.06%
Materials
2.76%
Services
1.69%
Consumer Staples
1.51%
Utilities
1.03%

Top 10 Equity Holdings

What Changed: August 2026 → September 2026

Equity holdings compared between the fund's two latest monthly disclosures. Weights are % to NAV; weight moves can also reflect price changes, not only buying or selling.

1 exit2 increased7 reduced

Biggest Weight Increases

StockWeightChange
HDFC Bank Limited2.24% → 2.35%▲ +0.11
Coal India Limited0.92% → 1.02%▲ +0.1

Biggest Weight Reductions

StockWeightChange
Laurus Labs Limited1.93% → 1.71%▼ -0.22
ICICI Bank Limited4.06% → 3.87%▼ -0.19
IndusInd Bank Limited2.27% → 2.11%▼ -0.16
Fortis Healthcare Limited1.28% → 1.14%▼ -0.14
L&T Finance Limited0.84% → 0.73%▼ -0.11
The Federal Bank Limited1.62% → 1.52%▼ -0.1
Polycab India Limited0.89% → 0.79%▼ -0.1

Top Holdings — Weight Trend

% to NAV of the fund's current top holdings over its last 6 monthly disclosures (Mar – Sept 2026).

Mar: 3.26%, Apr: 3.2%, May: 3.2%, Jun: 3.92%, Aug: 4.06%, Sept: 3.87%
3.87%
Mar: 1.97%, Apr: 2.51%, May: 2.44%, Jun: 2.42%, Aug: 2.32%, Sept: 2.36%
2.36%
Mar: 2.61%, Apr: 2.58%, May: 2.45%, Jun: 2.57%, Aug: 2.24%, Sept: 2.35%
2.35%
Mar: 2.66%, Apr: 2.66%, May: 2.47%, Jun: 2.36%, Aug: 2.28%, Sept: 2.23%
2.23%
Mar: 0.99%, Apr: 1.68%, May: 1.72%, Jun: 1.77%, Aug: 2.15%, Sept: 2.2%
2.2%

Full Portfolio (82 holdings)

#HoldingSector% to NAV
1Triparty Repotreps—4.33%
2ICICI Bank LimitedFinancial Services3.87%
37.71% Government of India 2066bond—3.41%
48.52% Muthoot Finance Limited 2028bond—2.83%
57.44% National Bank For Agriculture and Rural Development 2029bond—2.82%
6Bharti Airtel LimitedTelecommunication2.36%
7HDFC Bank LimitedFinancial Services2.35%
8Reliance Industries LimitedEnergy2.23%
9ETERNAL LIMITEDConsumer Discretionary2.2%
10BROOKFIELD INDIA REAL ESTATEReal Estate2.17%
11IndusInd Bank LimitedFinancial Services2.11%
12Axis Bank LimitedFinancial Services2.09%
13JINDAL STEEL LIMITEDMaterials1.81%
14Apollo Hospitals Enterprise LimitedHealthcare1.72%
15Laurus Labs LimitedHealthcare1.71%
168.30% Godrej Properties Limited 2027bond—1.71%
17The Federal Bank LimitedFinancial Services1.52%
18Tech Mahindra LimitedInformation Technology1.46%
19State Bank of IndiaFinancial Services1.44%
20Senores Pharmaceuticals LimitedHealthcare1.42%
21Bajaj Finance LimitedFinancial Services1.41%
22Aditya Vision LimitedConsumer Discretionary1.4%
23Titan Company LimitedConsumer Discretionary1.38%
24Larsen & Toubro LimitedIndustrials1.34%
25Mahindra & Mahindra LimitedConsumer Discretionary1.33%
26Bharat Heavy Electricals LimitedIndustrials1.31%
27Glenmark Pharmaceuticals LimitedHealthcare1.28%
28Bharat Electronics LimitedIndustrials1.27%
29Multi Commodity Exchange of India LimitedFinancial Services1.25%
30Bank of MaharashtraFinancial Services1.21%
31Divi's Laboratories LimitedHealthcare1.19%
32Oil & Natural Gas Corporation LimitedEnergy1.18%
338.75% Bharti Telecom Limited 2028bond—1.15%
34Net Receivables / (Payables)other—1.14%
35Fortis Healthcare LimitedHealthcare1.14%
367.55% Power Finance Corporation Limited 2027bond—1.14%
377.8350% LIC Housing Finance Limited 2027bond—1.14%
388.42% Muthoot Finance Limited 2029 (FRN)bond—1.14%
398.52% Muthoot Finance Limited 2028bond—1.13%
406.9601% Mindspace Business Parks REIT 2028bond—1.12%
417.24% Central Government Securitiesbond—1.08%
426.98% State Government Securities 2037bond—1.07%
43Coal India LimitedEnergy1.02%
44Aditya Birla Capital LimitedFinancial Services1%
45Torrent Pharmaceuticals LimitedHealthcare0.99%
46Bosch LimitedConsumer Discretionary0.96%
47Indian BankFinancial Services0.96%
48UltraTech Cement LimitedMaterials0.95%
49Maruti Suzuki India LimitedConsumer Discretionary0.93%
50Coforge LimitedInformation Technology0.93%
51Aditya Birla Sun Life AMC LimitedFinancial Services0.91%
52Delhivery LimitedServices0.89%
53Infosys LimitedInformation Technology0.88%
54IDFC First Bank LimitedFinancial Services0.86%
55Bajaj Auto LimitedConsumer Discretionary0.86%
56Radico Khaitan LimitedConsumer Staples0.84%
57BLACKBUCK LIMITEDServices0.8%
58Polycab India LimitedIndustrials0.79%
598.3% JM Financial Services Limited 2027bond—0.79%
60The Phoenix Mills LimitedReal Estate0.77%
61Hindustan Aeronautics LimitedIndustrials0.77%
62Vishal Mega Mart LimitedConsumer Discretionary0.73%
63L&T Finance LimitedFinancial Services0.73%
64Indus Towers LimitedTelecommunication0.7%
65Marico LimitedConsumer Staples0.67%
66Acutaas Chemicals LimitedHealthcare0.61%
678.85% TVS Credit Services Limited 2027bond—0.57%
687.62% National Bank for Agriculture and Rural Development (MD )bond—0.57%
697.73% Embassy Office Parks REIT 2029bond—0.56%
707.29% Small Industries Dev Bank of India 2029bond—0.56%
71JSW Energy LimitedUtilities0.55%
72Cummins India LimitedIndustrials0.54%
737.2% State Government Securities 2036bond—0.54%
747.25% State Government Securities 2037bond—0.54%
75DLF LimitedReal Estate0.52%
76HDFC Asset Management Company LimitedFinancial Services0.52%
77Mahanagar Gas LimitedUtilities0.48%
78Max Financial Services LimitedFinancial Services0.41%
798.95% 360 One Prime Limited 2027bond—0.34%
807.70% National Bank for Agriculture and Rural Development (MD )bond—0.28%
81Arvind Fashions LimitedConsumer Discretionary0.22%
82Margin placed with CCIL & ARCLother—0.06%

Frequently Asked Questions

Yes. As of its 30 September 2026 disclosure, ICICI Bank Limited is 3.87% of Mahindra Manulife Balanced Advantage Fund's net assets — its number 1 holding.
Yes. As of its 30 September 2026 disclosure, Bharti Airtel Limited is 2.36% of Mahindra Manulife Balanced Advantage Fund's net assets — its number 2 holding.
Yes. As of its 30 September 2026 disclosure, HDFC Bank Limited is 2.35% of Mahindra Manulife Balanced Advantage Fund's net assets — its number 3 holding.
Yes. As of its 30 September 2026 disclosure, Reliance Industries Limited is 2.23% of Mahindra Manulife Balanced Advantage Fund's net assets — its number 4 holding.
Yes. As of its 30 September 2026 disclosure, ETERNAL LIMITED is 2.2% of Mahindra Manulife Balanced Advantage Fund's net assets — its number 5 holding.

New to reading these? See How to Read a Mutual Fund's Monthly Portfolio Disclosure, or check terms like % to NAV in the glossary.

Source: Mahindra Manulife Mutual Fund's SEBI-mandated monthly portfolio disclosure, dated 30 September 2026. Data is for information only, not investment advice. Holdings may have changed since the disclosure date.