Mahindra Manulife Balanced Advantage Fund vs Sundaram Dynamic Asset Allocation Fund (Formerly Known as Sundaram Balanced Advantage Fund)
Mahindra Manulife Balanced Advantage Fund and Sundaram Dynamic Asset Allocation Fund (Formerly Known as Sundaram Balanced Advantage Fund) are both Balanced Advantage funds. As of 6 Nov 2026 (Direct plan, Growth option): 3-year CAGR +12.24% vs +9.04%, 5-year CAGR — vs —, volatility 10.35% vs 9.81%, maximum drawdown −9.77% vs −9.69%. Their portfolios overlap by 22.4% (17 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
| Mahindra Manulife Balanced Advantage | Sundaram Dynamic Asset Allocation Fund (Formerly Known as Sundaram Balanced Advantage Fund) | |
|---|---|---|
| Fund house | Mahindra Manulife Mutual Fund | Sundaram Mutual Fund |
| Compared as | Balanced Advantage | Balanced Advantage |
| NAV | ₹16.5028 | ₹42.2138 |
| NAV date | 6 Nov 2026 | 6 Nov 2026 |
| Launched (first NAV) | 3 Jan 2022 | 3 Jan 2022 |
| Track record | 4.8 yrs | 4.8 yrs |
| Fund size (AUM) | ₹889 Cr | ₹1,393 Cr |
| Securities held | 79 | 75 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| Mahindra Manulife Balanced Advantage | Sundaram Dynamic Asset Allocation Fund (Formerly Known as Sundaram Balanced Advantage Fund) | |
|---|---|---|
| 1 month | +5.19% | +3.74% |
| 3 months | +1.38% | −0.87% |
| 6 months | +5.09% | +1.64% |
| 1 year | +4.99% | +0.22% |
| 3 years (CAGR) | +12.24% | +9.04% |
| 5 years (CAGR) | — | — |
| 7 years (CAGR) | — | — |
| 10 years (CAGR) | — | — |
| Since launch (CAGR) | +10.88% | +8.66% |
| 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
| Mahindra Manulife Balanced Advantage | Sundaram Dynamic Asset Allocation Fund (Formerly Known as Sundaram Balanced Advantage Fund) | |
|---|---|---|
| 2026 (year to date) | +4.86% | −0.72% |
| 2025 | +5.87% | +6.67% |
| 2024 | +16.11% | +14.28% |
| 2023 | +22.01% | +15.81% |
Risk
| Mahindra Manulife Balanced Advantage | Sundaram Dynamic Asset Allocation Fund (Formerly Known as Sundaram Balanced Advantage Fund) | |
|---|---|---|
| Volatility (annualised) ⓘ | 10.35% | 9.81% |
| Downside volatility ⓘ | 7.17% | 7.04% |
| Sharpe ratio ⓘ | 0.55 | 0.26 |
| Sortino ratio ⓘ | 0.80 | 0.36 |
| Maximum drawdown ⓘ | −9.77% | −9.69% |
| Recovery from that fall | 3 months | — |
| Current fall from peak | 0.00% | −1.39% |
| Rolling 1-year return: worst | −2.26% | −6.93% |
| Rolling 1-year return: median | +8.55% | +9.18% |
| Rolling 1-year return: best | +35.06% | +27.33% |
| Share of 1-year periods with a loss | 1.37% | 6.24% |
Against each fund's benchmark
| Mahindra Manulife Balanced Advantage | Sundaram Dynamic Asset Allocation Fund (Formerly Known as Sundaram Balanced Advantage Fund) | |
|---|---|---|
| Beta ⓘ | 0.67 | 0.64 |
| Alpha (Jensen's, annualised) ⓘ | +2.64% | −0.16% |
| R² ⓘ | 89.33 | 94.44 |
| Upside capture | 80.24% | 70.05% |
| Downside capture | 56.35% | 59.20% |
| Tracking error | 6.01% | 5.87% |
| Information ratio | 0.41 | -0.10 |
| Treynor ratio | 6.66 | 2.18 |
Portfolio
Asset mix
| Mahindra Manulife Balanced Advantage | Sundaram Dynamic Asset Allocation Fund (Formerly Known as Sundaram Balanced Advantage Fund) | |
|---|---|---|
| Equity | 67.77% | 76.93% |
| Debt | 22.81% | 18.16% |
| Cash & equivalents | 5.53% | -10.53% |
| REITs / InvITs | 3.85% | 2.74% |
Market-cap split (share of fund assets)
| Mahindra Manulife Balanced Advantage | Sundaram Dynamic Asset Allocation Fund (Formerly Known as Sundaram Balanced Advantage Fund) | |
|---|---|---|
| Large Cap | 42.37% | 48.53% |
| Mid Cap | 18.67% | 14.54% |
| Small Cap | 6.73% | 11.68% |
| Unclassified | 0.00% | 2.15% |
Concentration
| Mahindra Manulife Balanced Advantage | Sundaram Dynamic Asset Allocation Fund (Formerly Known as Sundaram Balanced Advantage Fund) | |
|---|---|---|
| Top 10 holdings | 26.35% | 38.50% |
| Effective number of stocks ⓘ | 66.5 | 42.8 |
| Securities held | 79 | 75 |
Portfolio overlap: 22.4%
17 companies are held by both funds; by weight, 22.4% of the two portfolios is the same. That is a low overlap: the two portfolios are largely different.
| Held by both | Mahindra Manulife Balanced Advantage | Sundaram Dynamic Asset Allocation Fund (Formerly Known as Sundaram Balanced Advantage Fund) |
|---|---|---|
| ICICI Bank Limited | 3.87% | 7.12% |
| Bharti Airtel Limited | 2.36% | 3.86% |
| HDFC Bank Limited | 2.35% | 3.79% |
| Reliance Industries Limited | 2.23% | 5.12% |
| Eternal Limited | 2.20% | 4.21% |
| Larsen & Toubro Limited | 1.34% | 2.98% |
| Mahindra & Mahindra Limited | 1.33% | 1.35% |
| Coforge Limited | 0.93% | 1.27% |
| Multi Commodity Exchange of India Limited | 1.25% | 0.92% |
| UltraTech Cement Limited | 0.95% | 0.84% |
| Delhivery Limited | 0.89% | 0.84% |
| Brookfield India Real Estate Trust | 2.17% | 0.76% |
| Bajaj Auto Limited | 0.86% | 0.69% |
| Bajaj Finance Limited | 1.41% | 0.68% |
| Cummins India Limited | 0.54% | 1.06% |
Top 10 holdings
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%
Sundaram Dynamic Asset Allocation Fund (Formerly Known as Sundaram Balanced Advantage Fund)
- ICICI Bank Limited7.12%
- Reliance Industries Limited5.12%
- Eternal Limited4.20%
- Bharti Airtel Limited3.86%
- HDFC Bank Limited3.79%
- 6.48% Government of India (06/10/2035)3.53%
- Kotak Mahindra Bank Limited3.24%
- Larsen & Toubro Limited2.98%
- 6.94% Government of India (11/05/2036)2.47%
- Bajaj Finserv Limited2.20%
Sector exposure
| Mahindra Manulife Balanced Advantage | Sundaram Dynamic Asset Allocation Fund (Formerly Known as Sundaram Balanced Advantage Fund) | |
|---|---|---|
| Banks | 16.41% | 14.66% |
| Sovereign | 5.03% | 12.58% |
| CRISIL AAA | 7.94% | 2.48% |
| Finance | 3.14% | 7.39% |
| Pharmaceuticals & Biotechnology | 7.20% | 4.63% |
| CRISIL AA+ | 5.67% | 0.00% |
| Petroleum Products | 2.23% | 5.12% |
| Automobiles | 3.12% | 4.84% |
| Retailing | 4.55% | 4.20% |
| Telecom - Services | 3.06% | 3.86% |
| IT - Software | 3.27% | 3.81% |
| Realty | 3.46% | 3.53% |
| ICRA AAA | 1.40% | 3.10% |
| Construction | 1.34% | 2.98% |
Questions people ask
What is the difference between Mahindra Manulife Balanced Advantage and Sundaram Dynamic Asset Allocation Fund (Formerly Known as Sundaram Balanced Advantage Fund) returns?
As of 6 Nov 2026, Direct plan Growth option: 1-year return +4.99% vs +0.22%; 3-year CAGR +12.24% vs +9.04%; 5-year CAGR — vs —; 10-year CAGR — vs —. Past returns do not indicate future returns.
How do Mahindra Manulife Balanced Advantage and Sundaram Dynamic Asset Allocation Fund (Formerly Known as Sundaram Balanced Advantage Fund) compare on risk?
Volatility (36 monthly returns, annualised) 10.35% vs 9.81%; Sharpe ratio 0.55 vs 0.26; Sortino ratio 0.80 vs 0.36; maximum drawdown −9.77% vs −9.69%; beta 0.67 vs 0.64.
How much do Mahindra Manulife Balanced Advantage and Sundaram Dynamic Asset Allocation Fund (Formerly Known as Sundaram Balanced Advantage Fund) overlap?
By weight, 22.4% of the two portfolios is invested in the same companies; 17 stocks are held by both, the largest shared positions being ICICI Bank Limited, Bharti Airtel Limited, HDFC Bank Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of Mahindra Manulife Balanced Advantage and Sundaram Dynamic Asset Allocation Fund (Formerly Known as Sundaram Balanced Advantage Fund)?
Mahindra Manulife Balanced Advantage: large cap 42.4%, mid cap 18.7%, small cap 6.7%. Sundaram Dynamic Asset Allocation Fund (Formerly Known as Sundaram Balanced Advantage Fund): large cap 48.5%, mid cap 14.5%, small cap 11.7% (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 6 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.