Helios Balanced Advantage Fund vs Mahindra Manulife Balanced Advantage Fund
Helios Balanced Advantage Fund and Mahindra Manulife Balanced Advantage Fund are both Balanced Advantage funds. As of 5 Nov 2026 (Direct plan, Growth option): 3-year CAGR — vs +12.15%, 5-year CAGR — vs —, volatility 10.94% vs 10.23%, maximum drawdown −11.05% vs −9.77%. Their portfolios overlap by 27.5% (20 stocks held by both).
Showing the Direct plan, Growth option. Portfolio, sector and market-cap figures are the same for every plan and option of a fund.
Key facts
| Helios Balanced Advantage | Mahindra Manulife Balanced Advantage | |
|---|---|---|
| Fund house | Helios Mutual Fund | Mahindra Manulife Mutual Fund |
| Compared as | Balanced Advantage | Balanced Advantage |
| NAV | ₹12.3300 | ₹16.3516 |
| NAV date | 5 Nov 2026 | 5 Nov 2026 |
| Launched (first NAV) | 28 Mar 2024 | 3 Jan 2022 |
| Track record | 2.6 yrs | 4.8 yrs |
| Fund size (AUM) | ₹265 Cr | ₹889 Cr |
| Securities held | 60 | 79 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| Helios Balanced Advantage | Mahindra Manulife Balanced Advantage | |
|---|---|---|
| 1 month | +4.94% | +3.94% |
| 3 months | +2.41% | +0.43% |
| 6 months | +3.88% | +3.86% |
| 1 year | +3.35% | +3.52% |
| 3 years (CAGR) | — | +12.15% |
| 5 years (CAGR) | — | — |
| 7 years (CAGR) | — | — |
| 10 years (CAGR) | — | — |
| Since launch (CAGR) | +7.87% | +10.67% |
| SIP return (XIRR, 5 years) ⓘ | — | — |
Up to one year: absolute return. Beyond one year: CAGR. Computed from each fund's own NAV history (AMFI), measured to the latest NAV.
Calendar-year returns
| Helios Balanced Advantage | Mahindra Manulife Balanced Advantage | |
|---|---|---|
| 2026 (year to date) | +2.41% | +3.90% |
| 2025 | +6.55% | +5.87% |
| 2024 | — | +16.11% |
| 2023 | — | +22.01% |
Risk
| Helios Balanced Advantage | Mahindra Manulife Balanced Advantage | |
|---|---|---|
| Volatility (annualised) ⓘ | 10.94% | 10.23% |
| Downside volatility ⓘ | 7.98% | 7.17% |
| Sharpe ratio ⓘ | 0.13 | 0.55 |
| Sortino ratio ⓘ | 0.17 | 0.79 |
| Maximum drawdown ⓘ | −11.05% | −9.77% |
| Recovery from that fall | 5 months | 3 months |
| Current fall from peak | 0.00% | −0.36% |
| Rolling 1-year return: worst | −4.04% | −2.26% |
| Rolling 1-year return: median | +5.00% | +8.55% |
| Rolling 1-year return: best | +14.79% | +35.06% |
| Share of 1-year periods with a loss | 5.29% | 1.37% |
Against each fund's benchmark
| Helios Balanced Advantage | Mahindra Manulife Balanced Advantage | |
|---|---|---|
| Beta ⓘ | 0.67 | 0.67 |
| Alpha (Jensen's, annualised) ⓘ | +1.91% | +2.64% |
| R² ⓘ | 83.47 | 89.33 |
| Upside capture | 78.77% | 80.24% |
| Downside capture | 57.36% | 56.35% |
| Tracking error | 6.57% | 6.01% |
| Information ratio | 0.55 | 0.41 |
| Treynor ratio | -1.03 | 6.66 |
Portfolio
Asset mix
| Helios Balanced Advantage | Mahindra Manulife Balanced Advantage | |
|---|---|---|
| Equity | 88.50% | 67.77% |
| Debt | 7.59% | 22.81% |
| REITs / InvITs | 2.34% | 3.85% |
| Cash & equivalents | 1.57% | 5.53% |
Market-cap split (share of fund assets)
| Helios Balanced Advantage | Mahindra Manulife Balanced Advantage | |
|---|---|---|
| Large Cap | 66.25% | 42.37% |
| Mid Cap | 13.53% | 18.67% |
| Small Cap | 6.35% | 6.73% |
| Unclassified | 2.37% | 0.00% |
Concentration
| Helios Balanced Advantage | Mahindra Manulife Balanced Advantage | |
|---|---|---|
| Top 10 holdings | 38.50% | 26.35% |
| Effective number of stocks ⓘ | 39.6 | 66.5 |
| Securities held | 60 | 79 |
Portfolio overlap: 27.5%
20 companies are held by both funds; by weight, 27.5% of the two portfolios is the same. That is a moderate overlap.
| Held by both | Helios Balanced Advantage | Mahindra Manulife Balanced Advantage |
|---|---|---|
| ICICI Bank Limited | 5.39% | 3.87% |
| HDFC Bank Limited | 2.67% | 2.35% |
| Eternal Limited | 3.72% | 2.20% |
| Reliance Industries Limited | 1.51% | 2.23% |
| Axis Bank Limited | 1.50% | 2.09% |
| State Bank of India | 2.56% | 1.44% |
| Bajaj Finance Limited | 2.95% | 1.41% |
| Apollo Hospitals Enterprise Limited | 1.37% | 1.72% |
| Bharat Electronics Limited | 2.38% | 1.27% |
| Multi Commodity Exchange of India Limited | 1.38% | 1.25% |
| Bharti Airtel Limited | 1.23% | 2.36% |
| Divi's Laboratories Limited | 2.95% | 1.19% |
| Fortis Healthcare Limited | 1.21% | 1.14% |
| Larsen & Toubro Limited | 1.01% | 1.34% |
| Titan Company Limited | 1.00% | 1.38% |
Top 10 holdings
Helios Balanced Advantage
- Kotak Mahindra Bank Limited6.30%
- ICICI Bank Limited5.39%
- One 97 Communications Limited4.86%
- Adani Ports and Special Economic Zone Limited4.56%
- Eternal Limited3.72%
- Bajaj Finance Limited2.95%
- Divi's Laboratories Limited2.95%
- HDFC Bank Limited2.67%
- State Bank of India2.56%
- Shriram Finance Limited2.54%
Mahindra Manulife Balanced Advantage
- ICICI Bank Limited3.87%
- Government of India (18/05/2066)3.41%
- 8.52% Muthoot Finance Limited (07/04/2028)2.83%
- 7.44% National Bank For Agriculture and Rural Development (17/07/2029)2.82%
- Bharti Airtel Limited2.36%
- HDFC Bank Limited2.35%
- Reliance Industries Limited2.23%
- Eternal Limited2.20%
- Brookfield India Real Estate Trust2.17%
- IndusInd Bank Limited2.11%
Sector exposure
| Helios Balanced Advantage | Mahindra Manulife Balanced Advantage | |
|---|---|---|
| Banks | 20.88% | 16.41% |
| Finance | 9.00% | 3.14% |
| Capital Markets | 8.01% | 2.68% |
| CRISIL AAA | 0.00% | 7.94% |
| Sovereign | 7.59% | 5.03% |
| Pharmaceuticals & Biotechnology | 5.63% | 7.20% |
| CRISIL AA+ | 0.00% | 5.67% |
| Financial Technology (Fintech) | 4.86% | 0.00% |
| Transport Infrastructure | 4.56% | 0.00% |
| Retailing | 3.72% | 4.55% |
| Healthcare Services | 3.91% | 2.86% |
| Realty | 3.76% | 3.46% |
| IT - Software | 1.43% | 3.27% |
| Automobiles | 1.36% | 3.12% |
Questions people ask
What is the difference between Helios Balanced Advantage and Mahindra Manulife Balanced Advantage returns?
As of 5 Nov 2026, Direct plan Growth option: 1-year return +3.35% vs +3.52%; 3-year CAGR — vs +12.15%; 5-year CAGR — vs —; 10-year CAGR — vs —. Past returns do not indicate future returns.
How do Helios Balanced Advantage and Mahindra Manulife Balanced Advantage compare on risk?
Volatility (36 monthly returns, annualised) 10.94% vs 10.23%; Sharpe ratio 0.13 vs 0.55; Sortino ratio 0.17 vs 0.79; maximum drawdown −11.05% vs −9.77%; beta 0.67 vs 0.67.
How much do Helios Balanced Advantage and Mahindra Manulife Balanced Advantage overlap?
By weight, 27.5% of the two portfolios is invested in the same companies; 20 stocks are held by both, the largest shared positions being ICICI Bank Limited, HDFC Bank Limited, Eternal Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of Helios Balanced Advantage and Mahindra Manulife Balanced Advantage?
Helios Balanced Advantage: large cap 66.3%, mid cap 13.5%, small cap 6.4%. Mahindra Manulife Balanced Advantage: large cap 42.4%, mid cap 18.7%, small cap 6.7% (share of the fund's assets, from its latest disclosed portfolio).
Is this a recommendation to choose one of these funds?
No. This page places the published figures of both funds side by side. It does not rank, rate or recommend either fund; which one suits an investor depends on their goals, horizon and risk tolerance.
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Sources: NAV from AMFI; returns, risk and ratios computed by MF Analyser from each fund's NAV history (risk on 36 monthly returns, risk-free rate 6.5%); benchmark ratios against each fund's benchmark total-return index; portfolios from each fund house's monthly disclosure. Returns and ratios as of 5 Nov 2026. IDCW options show no return or risk figures because payouts reduce the NAV and AMFI's file carries no payout history to add back. This page compares published figures only — it does not rank, rate or recommend either fund. Past performance does not indicate future returns; mutual fund investments are subject to market risks.