Edelweiss Flexi Cap Fund vs Mahindra Manulife Balanced Advantage Fund
Direct Plan, Growth option · Data as on 30-10-2026
Edelweiss Flexi Cap Fund is a Flexi Cap fund and Mahindra Manulife Balanced Advantage Fund is a Balanced Advantage fund. In the 3 years to 30-10-2026, Edelweiss Flexi Cap Fund (Direct) returned 14.0% a year and Mahindra Manulife Balanced Advantage Fund (Direct) returned 10.9% a year. Edelweiss Flexi Cap Fund charges 0.76% a year and Mahindra Manulife Balanced Advantage Fund 0.85% (Direct plans). Their portfolios overlap 36.4%: they hold 30 of the same securities.
Edelweiss Flexi Cap Fund
Flexi Cap
- 3 year return
- 14.0%
- Expense ratio
- 0.76%
- NAV
- ₹43.33
Mahindra Manulife Balanced Advantage Fund
Balanced Advantage
- 3 year return
- 10.9%
- Expense ratio
- 0.85%
- NAV
- ₹15.69
Which is better, Edelweiss Flexi Cap or Mahindra Manulife Balanced Advantage? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Edelweiss Flexi Cap returned more over 3 years: 14.0% a year against 10.9%.
- Mahindra Manulife Balanced Advantage returned more over 1 year: −0.7% against −5.4%.
- Edelweiss Flexi Cap costs less: 0.76% a year against 0.85% (Direct plans).
- Mahindra Manulife Balanced Advantage swung less over 3 years: a standard deviation of 10.1% a year against 14.5%.
- Mahindra Manulife Balanced Advantage fell less in its worst fall since 03-01-2022: −9.8% against −19.0%.
- Edelweiss Flexi Cap holds more in large companies: 60.3% of the fund in large caps against 42.4%.
- Edelweiss Flexi Cap is the larger fund: ₹3,509 Cr against ₹879 Cr.
- Their portfolios overlap 36.4%: 30 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Edelweiss Flexi Cap Fund | Mahindra Manulife Balanced Advantage Fund |
|---|---|---|
| Fund house | Edelweiss Mutual Fund | Mahindra Manulife Mutual Fund |
| Category | Flexi Cap | Balanced Advantage |
| AUM | ₹3,509 Cr (30-09-2026) | ₹879 Cr (30-09-2026) |
| NAV | ₹43.33 (Direct) | ₹15.69 (Direct) |
| Expense ratio (Direct) | 0.76% | 0.85% |
| Expense ratio (Regular) | 2.14% | 2.41% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI | NIFTY 50 Hybrid Composite Debt 50:50 Index |
| Launch date | 03-02-2015 | 30-12-2021 |
| Minimum investment | ₹100 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Trideep Bhattacharya, Ashwani Agarwalla, Mehul Dalmia | $ Mr. Hemang Kapasi, $ Mr. Neelesh Dhamnaskar, $ Mr. Rahul Pal, $ Mr. Amit Garg |
| Exit load | Exit load of 1%, if redeemed within 90 days. | Exit load for units in excess of 10% of the investment 1% will be charged for redemption within 3 months. |
Edelweiss Flexi Cap vs Mahindra Manulife Balanced Advantage: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Edelweiss Flexi Cap Fund (Direct) | −0.47% | −5.28% | −2.09% | −5.42% | +13.98% | +11.55% | -- |
| Mahindra Manulife Balanced Advantage Fund (Direct) | −0.02% | −2.66% | +1.63% | −0.70% | +10.92% | -- | -- |
| Flexi Cap average | −1.62% | −4.17% | +1.00% | −3.58% | +12.37% | +10.04% | -- |
| Balanced Advantage average | −0.55% | −2.88% | +0.08% | −2.08% | +9.14% | -- | -- |
Category average: the average of the 46 Flexi Cap funds and the 38 Balanced Advantage funds, same plan type.
Edelweiss Flexi Cap vs Mahindra Manulife Balanced Advantage: Year-wise Returns
| Year | Edelweiss Flexi CapEdelweiss Flexi Cap | Mahindra Manulife Balanced AdvantageMahindra Manulife Balanced Advantage |
|---|---|---|
| 2026to date | −6.69% | −0.31% |
| 2025 | +6.95% | +5.87% |
| 2024 | +27.35% | +16.11% |
| 2023 | +31.38% | +22.01% |
| 2022 | +2.44% | -- |
| 2021 | +37.07% | -- |
Edelweiss Flexi Cap vs Mahindra Manulife Balanced Advantage: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of Edelweiss Flexi Cap Fund
Rolling returns
Every 3-year holding period, 449 of them, one for each trading day from 03-01-2025 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Edelweiss Flexi Cap Fund (Direct)
Mahindra Manulife Balanced Advantage Fund (Direct)
Nifty 500 TRI
to
Feb 2025Jun 2022
to
Jun 2025Oct 2022
to
Oct 2025Jan 2023
to
Jan 2026May 2023
to
May 2026Sept 2023
to
Sept 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Edelweiss Flexi Cap | 0.0 | 0.0 | 0.0 | 8.2 | 53.5 | 35.0 | 3.3 | 19.0% | 19.3% | 12.7% | 26.3% | 100% |
| Mahindra Manulife Balanced Advantage | 0.0 | 0.0 | 0.4 | 76.4 | 23.1 | 0.0 | 0.0 | 13.9% | 13.9% | 10.0% | 17.8% | 11% |
| Nifty 500 TRI | 0.0 | 0.0 | 4.2 | 39.9 | 49.4 | 6.5 | 0.0 | 15.2% | 15.4% | 8.8% | 22.3% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is Nifty 500 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 03-01-2022. Past returns do not promise future returns.
Edelweiss Flexi Cap vs Mahindra Manulife Balanced Advantage: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 03-01-2022 to 30-10-2026: 58 instalments, ₹5,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Edelweiss Flexi CapEdelweiss Flexi Cap Fund (Direct) | ₹5,80,000 | ₹7,45,672 | ₹1,65,672 | 10.4% |
| Mahindra Manulife Balanced AdvantageMahindra Manulife Balanced Advantage Fund (Direct) | ₹5,80,000 | ₹7,18,032 | ₹1,38,032 | 8.8% |
Edelweiss Flexi CapEdelweiss Flexi Cap Fund (Direct)
Mahindra Manulife Balanced AdvantageMahindra Manulife Balanced Advantage Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Edelweiss Flexi Cap vs Mahindra Manulife Balanced Advantage: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Edelweiss Flexi Cap Fund (Direct) | Mahindra Manulife Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | −5.42% | −0.70% |
| Standard deviation | 14.13% | 10.28% |
| Sharpe ratio | -0.76 | -0.58 |
| Sortino ratio | -1.01 | -0.76 |
| Maximum drawdown | −13.5% (23-03-2026) | −9.7% (30-03-2026) |
| Beta | 0.97 | -- |
| Alpha | +1.54% | -- |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Edelweiss Flexi Cap Fund (Direct) | Mahindra Manulife Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +13.98% | +10.92% |
| Standard deviation | 14.54% | 10.11% |
| Sharpe ratio | 0.55 | 0.48 |
| Sortino ratio | 0.75 | 0.64 |
| Maximum drawdown | −19.0% (28-02-2025) | −9.8% (03-03-2025) |
| Beta | 1.00 | -- |
| Alpha | +3.75% | -- |
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Edelweiss Flexi Cap Fund (Direct) | Mahindra Manulife Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +15.74% | +9.77% |
| Standard deviation | 15.66% | 9.44% |
| Sharpe ratio | 0.66 | 0.41 |
| Sortino ratio | 0.89 | 0.55 |
| Maximum drawdown | −36.1% (23-03-2020) | −9.8% (03-03-2025) |
| Beta | 0.96 | -- |
| Alpha | +2.66% | -- |
From daily NAVs, 28-11-2016 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Edelweiss Flexi Cap Fund (Direct)
Mahindra Manulife Balanced Advantage Fund (Direct)
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Edelweiss Flexi Cap Fund (Direct) | −19.0% | 26-09-2024 | 28-02-2025 | 01-01-2026 | 10 months | −7.6% |
| Mahindra Manulife Balanced Advantage Fund (Direct) | −9.8% | 26-09-2024 | 03-03-2025 | 06-06-2025 | 3 months | −4.4% |
| Nifty 500 TRI | −18.6% | 26-09-2024 | 28-02-2025 | Not yet | -- | −8.8% |
From daily values since 03-01-2022, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Edelweiss Flexi Cap Fund (Direct)
Mahindra Manulife Balanced Advantage Fund (Direct)
Nifty 500 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Edelweiss Flexi Cap Fund (Direct)
Mahindra Manulife Balanced Advantage Fund (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Edelweiss Flexi Cap Fund (Direct) | 105% | 94% | 3.22% |
| Mahindra Manulife Balanced Advantage Fund (Direct) | 70% | 53% | 6.43% |
From month-end values since 03-01-2022. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Edelweiss Flexi Cap vs Mahindra Manulife Balanced Advantage: Portfolio Overlap
From each fund's latest monthly portfolio: Edelweiss Flexi Cap Fund, September 2026; Mahindra Manulife Balanced Advantage Fund, September 2026
Holdings in common
- Overlap
- 36.4%
- Held by both
- 30
- Only in Edelweiss Flexi Cap
- 64
- Only in Mahindra Manulife Balanced Advantage
- 49
| Security | % of Edelweiss Flexi Cap | % of Mahindra Manulife Balanced Advantage |
|---|---|---|
| ICICI Bank Ltd. | 5.18% | 3.87% |
| HDFC Bank Ltd. | 4.99% | 2.35% |
| Reliance Industries Ltd. | 3.60% | 2.23% |
| Bharti Airtel Ltd. | 1.73% | 2.36% |
| Axis Bank Ltd. | 1.61% | 2.09% |
| State Bank of India | 1.99% | 1.44% |
| Bajaj Finance Ltd. | 1.47% | 1.41% |
| Titan Company Ltd. | 1.76% | 1.38% |
| Larsen & Toubro Ltd. | 3.70% | 1.34% |
| Mahindra & Mahindra Ltd. | 1.92% | 1.33% |
| Multi Commodity Exchange Of India Ltd. | 1.46% | 1.25% |
| Divi's Laboratories Ltd. | 2.04% | 1.19% |
| Fortis Healthcare Ltd. | 1.34% | 1.14% |
| Eternal Ltd. | 1.14% | 2.20% |
| The Federal Bank Ltd. | 1.02% | 1.52% |
| Torrent Pharmaceuticals Ltd. | 1.06% | 0.99% |
| Bharat Electronics Ltd. | 0.97% | 1.27% |
| Ultratech Cement Ltd. | 1.72% | 0.95% |
| Maruti Suzuki India Ltd. | 1.30% | 0.93% |
| Coforge Ltd. | 0.95% | 0.93% |
| Infosys Ltd. | 1.55% | 0.88% |
| IDFC First Bank Ltd. | 1.08% | 0.86% |
| Radico Khaitan Ltd. | 1.19% | 0.84% |
| The Phoenix Mills Ltd. | 1.19% | 0.77% |
| Indian Bank | 0.75% | 0.96% |
| L&T Finance Ltd. | 1.09% | 0.73% |
| Marico Ltd. | 0.93% | 0.67% |
| Tech Mahindra Ltd. | 0.61% | 1.46% |
| Vishal Mega Mart Ltd | 0.56% | 0.73% |
| Bharat Heavy Electricals Ltd. | 0.54% | 1.31% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 36.4% means 36.4% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Edelweiss Flexi Cap Fund
| Security | % of fund |
|---|---|
| Tata Steel Ltd. | 2.20% |
| NTPC Ltd. | 1.86% |
| City Union Bank Ltd. | 1.62% |
| Shriram Finance Ltd. | 1.59% |
| Karur Vysya Bank Ltd. | 1.51% |
Largest holdings only in Mahindra Manulife Balanced Advantage Fund
| Security | % of fund |
|---|---|
| 7.71% Government of India 2066 | 3.41% |
| 8.52% Muthoot Finance Limited 2028 | 2.83% |
| 7.44% National Bank For Agriculture and Rural Development 2029 | 2.82% |
| Brookfield India Real Estate Trust | 2.17% |
| IndusInd Bank Limited | 2.11% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Edelweiss Flexi Cap | Mahindra Manulife Balanced Advantage |
|---|---|---|
| Equity | 95.2% | 67.8% |
| Debt | 0.0% | 24.5% |
| Cash and others | 4.8% | 7.7% |
Market cap of stocks
| Market cap | Edelweiss Flexi Cap | Mahindra Manulife Balanced Advantage |
|---|---|---|
| Large Cap | 60.3% | 42.4% |
| Mid Cap | 23.1% | 18.7% |
| Small Cap | 11.7% | 6.7% |
| Not on AMFI's list | 0.2% | 0.0% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Edelweiss Flexi Cap | Mahindra Manulife Balanced Advantage |
|---|---|---|
| Banks | 22.1% | 16.4% |
| Pharmaceuticals & Biotechnology | 5.1% | 7.2% |
| Automobiles | 6.2% | 3.1% |
| IT - Software | 6.1% | 3.3% |
| Finance | 6.0% | 3.1% |
| Retailing | 3.0% | 4.5% |
| Auto Components | 4.0% | 1.0% |
The six largest sectors of each fund's stocks, % of the fund.
Edelweiss Flexi Cap vs Mahindra Manulife Balanced Advantage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Edelweiss Flexi Cap Fund | Mahindra Manulife Balanced Advantage Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.76% | 0.85% |
| Base expense ratio (Direct) | 0.45% | 0.62% |
| Total expense ratio (Regular) | 2.14% | 2.41% |
| Base expense ratio (Regular) | 1.63% | 1.98% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare Edelweiss Flexi Cap with
Compare Mahindra Manulife Balanced Advantage with
- Mahindra Manulife Balanced Advantage vs quant Dynamic Asset Allocation
- Mahindra Manulife Balanced Advantage vs Aditya Birla Sun Life Balanced Advantage
- Mahindra Manulife Balanced Advantage vs Baroda BNP Paribas Balanced Advantage
- Mahindra Manulife Balanced Advantage vs Axis Balanced Advantage
- Mahindra Manulife Balanced Advantage vs WhiteOak Capital Balanced Advantage
Edelweiss Flexi Cap Fund vs Mahindra Manulife Balanced Advantage Fund: Frequently Asked Questions
What is the difference between Edelweiss Flexi Cap Fund and Mahindra Manulife Balanced Advantage Fund?
Edelweiss Flexi Cap Fund is a Flexi Cap fund, Mahindra Manulife Balanced Advantage Fund is a Balanced Advantage fund, run by Edelweiss Mutual Fund and Mahindra Manulife Mutual Fund. Their portfolios overlap 36.4%. Edelweiss Flexi Cap Fund charges 0.76% a year and Mahindra Manulife Balanced Advantage Fund 0.85%.
Which has given higher returns, Edelweiss Flexi Cap Fund or Mahindra Manulife Balanced Advantage Fund?
Over 1 year: Edelweiss Flexi Cap Fund −5.42%, Mahindra Manulife Balanced Advantage Fund −0.70%. Over 3 years: Edelweiss Flexi Cap Fund +13.98% a year, Mahindra Manulife Balanced Advantage Fund +10.92% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Edelweiss Flexi Cap Fund or Mahindra Manulife Balanced Advantage Fund?
Edelweiss Flexi Cap Fund charges less: 0.76% a year against 0.85%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Edelweiss Flexi Cap Fund and Mahindra Manulife Balanced Advantage Fund overlap?
36.4%. They hold 30 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, Edelweiss Flexi Cap Fund or Mahindra Manulife Balanced Advantage Fund?
On SEBI's riskometer, Edelweiss Flexi Cap Fund is rated Very High and Mahindra Manulife Balanced Advantage Fund Very High. Over 3 years, the standard deviation of daily returns was 14.54% and 10.11% a year.
Which is better for SIP, Edelweiss Flexi Cap Fund or Mahindra Manulife Balanced Advantage Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,92,356 in Edelweiss Flexi Cap Fund (XIRR 3.8% a year) and ₹3,98,488 in Mahindra Manulife Balanced Advantage Fund (XIRR 4.8% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Edelweiss Flexi Cap Fund and Mahindra Manulife Balanced Advantage Fund?
Yes. 36.4% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Edelweiss Flexi Cap Fund and Mahindra Manulife Balanced Advantage Fund?
Edelweiss Flexi Cap Fund: Trideep Bhattacharya, Ashwani Agarwalla, Mehul Dalmia. Mahindra Manulife Balanced Advantage Fund: $ Mr. Hemang Kapasi, $ Mr. Neelesh Dhamnaskar, $ Mr. Rahul Pal, $ Mr. Amit Garg.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.