Mahindra Manulife Mutual Fund Launches Balanced Advantage Yojana

Mahindra Manulife Mutual Fund has launched ‘Mahindra Manulife Balanced Advantage Yojana,’ an open ended dynamic asset allocation fund. The New Fund Offer if the scheme will open for subscription on December 9 and close on December 23. The scheme will reopen for continuous sale and repurchase from January 3. Mahindra Manulife Balanced Advantage Yojana can have maximum 100% investment in either equity and equity related instruments or debt and money market securities.

According to the fund house, Mahindra Manulife Balanced Advantage Yojana aims to follow the dynamic asset allocation using the multivariate approach. The fund will have flexibility to invest a mix between equity and debt across market cycles. The fund will optimize the potential of equity and debt over a short to medium term period.

For equity investments, the portfolio construction will be based on top down approach and bottom up stock selection. The fund aims to construct the equity portfolio using the GCMV investment framework. For debt investments, the fund will invest in liquid, debt and money market securities by balancing the maturity and credit profile, while following a duration strategy which looks to optimize yields.


Multivariate approach is an internal investment approach that couples qualitative and quantitative assessment of macroeconomic, market and technical indicators, valuations, growth outlook, interest rates, liquidity, etc.

“The equity markets have witnessed bouts of volatility in the recent past owing to various macro-economic factors. The balanced advantage funds can help investors mitigate market volatility. Mahindra Manulife Balanced Advantage Yojana aims to provide risk-adjusted return for long term investors. and are appropriate for retail investors as they do not have to constantly monitor their asset allocation, as the fund manager does this dynamically and maintains the right asset mix in any prevailing market conditions,” said Ashutosh Bishnoi, MD and CEO, Mahindra Manulife Investment Management Private Limited.

“Mahindra Manulife balanced advantage yojana is ideal for all categories of investors be it, first timers, market timers or long term investors. The fund aims to capture the optimum mix between equity and debt across market cycles, with flexibility to invest upto 100% in equity & debt, the scheme may be suitable for volatile market conditions. The fund will have a robust GCMV process & Risk Guard Process, for determining fair valuation of stocks & to assess, predict and manage risks better,” says Krishna Sanghavi, Chief Investment Officer – Equity, Mahindra Manulife Investment Management Private Limited.