Mahindra Manulife Balanced Advantage Fund vs WhiteOak Capital Balanced Advantage Fund
Direct Plan, Growth option · Data as on 30-10-2026
Mahindra Manulife Balanced Advantage Fund and WhiteOak Capital Balanced Advantage Fund are both Balanced Advantage funds. In the 3 years to 30-10-2026, Mahindra Manulife Balanced Advantage Fund (Direct) returned 10.9% a year and WhiteOak Capital Balanced Advantage Fund (Direct) returned 11.4% a year. Mahindra Manulife Balanced Advantage Fund charges 0.85% a year and WhiteOak Capital Balanced Advantage Fund 0.84% (Direct plans). Their portfolios overlap 29.0%: they hold 27 of the same securities.
Mahindra Manulife Balanced Advantage Fund
Balanced Advantage
- 3 year return
- 10.9%
- Expense ratio
- 0.85%
- NAV
- ₹15.69
WhiteOak Capital Balanced Advantage Fund
Balanced Advantage
- 3 year return
- 11.4%
- Expense ratio
- 0.84%
- NAV
- ₹15.21
Which is better, Mahindra Manulife Balanced Advantage or WhiteOak Capital 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.
- WhiteOak Capital Balanced Advantage returned more over 3 years: 11.4% a year against 10.9%.
- WhiteOak Capital Balanced Advantage returned more over 1 year: −0.6% against −0.7%.
- WhiteOak Capital Balanced Advantage costs less: 0.84% a year against 0.85% (Direct plans).
- WhiteOak Capital Balanced Advantage swung less over 3 years: a standard deviation of 8.3% a year against 10.1%.
- WhiteOak Capital Balanced Advantage fell less in its worst fall since 13-02-2023: −9.6% against −9.8%.
- WhiteOak Capital Balanced Advantage is the larger fund: ₹2,256 Cr against ₹879 Cr.
- Their portfolios overlap 29.0%: 27 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 | Mahindra Manulife Balanced Advantage Fund | WhiteOak Capital Balanced Advantage Fund |
|---|---|---|
| Fund house | Mahindra Manulife Mutual Fund | WhiteOak Capital Mutual Fund |
| Category | Balanced Advantage | Balanced Advantage |
| AUM | ₹879 Cr (30-09-2026) | ₹2,256 Cr (30-09-2026) |
| NAV | ₹15.69 (Direct) | ₹15.21 (Direct) |
| Expense ratio (Direct) | 0.85% | 0.84% |
| Expense ratio (Regular) | 2.41% | 2.25% |
| Riskometer | Very High | Very High |
| Benchmark | NIFTY 50 Hybrid Composite Debt 50:50 Index | CRISIL Hybrid 50+50 - Moderate Index |
| Launch date | 30-12-2021 | 10-02-2023 |
| Minimum investment | ₹1,000 | ₹500 |
| Lock in | None | None |
| Fund managers | $ Mr. Hemang Kapasi, $ Mr. Neelesh Dhamnaskar, $ Mr. Rahul Pal, $ Mr. Amit Garg | Ramesh Mantri, Piyush Baranwal, Trupti Agrawal, Dheeresh Pathak, Ashish Agrawal |
| Exit load | Exit load for units in excess of 10% of the investment 1% will be charged for redemption within 3 months. | Nil |
Mahindra Manulife Balanced Advantage vs WhiteOak Capital 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 |
|---|---|---|---|---|---|---|---|
| Mahindra Manulife Balanced Advantage Fund (Direct) | −0.02% | −2.66% | +1.63% | −0.70% | +10.92% | -- | -- |
| WhiteOak Capital Balanced Advantage Fund (Direct) | −0.45% | −2.43% | +2.18% | −0.57% | +11.37% | -- | -- |
| Balanced Advantage average | −0.55% | −2.88% | +0.08% | −2.08% | +9.14% | -- | -- |
Category average: the average of the 38 Balanced Advantage funds, same plan type.
Mahindra Manulife Balanced Advantage vs WhiteOak Capital Balanced Advantage: Year-wise Returns
| Year | Mahindra ManulifeMahindra Manulife Balanced Advantage | WhiteOak CapitalWhiteOak Capital Balanced Advantage |
|---|---|---|
| 2026to date | −0.31% | −0.97% |
| 2025 | +5.87% | +8.62% |
| 2024 | +16.11% | +18.70% |
| 2023 | +22.01% | -- |
Mahindra Manulife Balanced Advantage vs WhiteOak Capital Balanced Advantage: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 175 of them, one for each trading day from 13-02-2026 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.
Mahindra Manulife Balanced Advantage Fund (Direct)
WhiteOak Capital Balanced Advantage Fund (Direct)
to
Mar 2026Apr 2023
to
Apr 2026Jun 2023
to
Jun 2026Jul 2023
to
Jul 2026Aug 2023
to
Aug 2026Oct 2023
to
Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Mahindra Manulife Balanced Advantage | 0.0 | 0.0 | 1.1 | 90.3 | 8.6 | 0.0 | 0.0 | 12.8% | 12.7% | 10.0% | 15.8% |
| WhiteOak Capital Balanced Advantage | 0.0 | 0.0 | 0.0 | 94.3 | 5.7 | 0.0 | 0.0 | 12.8% | 12.7% | 10.7% | 15.5% |
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. Every fund is measured over the days all of them have, from 13-02-2023. Past returns do not promise future returns.
Mahindra Manulife Balanced Advantage vs WhiteOak Capital 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 01-02-2023 to 30-10-2026: 45 instalments, ₹4,50,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Mahindra Manulife Balanced AdvantageMahindra Manulife Balanced Advantage Fund (Direct) | ₹4,50,000 | ₹5,15,623 | ₹65,623 | 7.2% |
| WhiteOak Capital Balanced AdvantageWhiteOak Capital Balanced Advantage Fund (Direct) | ₹4,50,000 | ₹5,23,912 | ₹73,912 | 8.1% |
Mahindra Manulife Balanced AdvantageMahindra Manulife Balanced Advantage Fund (Direct)
WhiteOak Capital Balanced AdvantageWhiteOak Capital 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.
Mahindra Manulife Balanced Advantage vs WhiteOak Capital Balanced Advantage: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Mahindra Manulife Balanced Advantage Fund (Direct) | WhiteOak Capital Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | −0.70% | −0.57% |
| Standard deviation | 10.28% | 8.98% |
| Sharpe ratio | -0.58 | -0.65 |
| Sortino ratio | -0.76 | -0.87 |
| Maximum drawdown | −9.7% (30-03-2026) | −9.6% (30-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
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 | Mahindra Manulife Balanced Advantage Fund (Direct) | WhiteOak Capital Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.92% | +11.37% |
| Standard deviation | 10.11% | 8.34% |
| Sharpe ratio | 0.48 | 0.64 |
| Sortino ratio | 0.64 | 0.88 |
| Maximum drawdown | −9.8% (03-03-2025) | −9.6% (30-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
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 | Mahindra Manulife Balanced Advantage Fund (Direct) | WhiteOak Capital Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.77% | +12.11% |
| Standard deviation | 9.44% | 7.79% |
| Sharpe ratio | 0.41 | 0.76 |
| Sortino ratio | 0.55 | 1.06 |
| Maximum drawdown | −9.8% (03-03-2025) | −9.6% (30-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 03-01-2022 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.
Mahindra Manulife Balanced Advantage Fund (Direct)
WhiteOak Capital Balanced Advantage Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Mahindra Manulife Balanced Advantage Fund (Direct) | −9.8% | 26-09-2024 | 03-03-2025 | 06-06-2025 | 3 months | −4.4% |
| WhiteOak Capital Balanced Advantage Fund (Direct) | −9.6% | 20-11-2025 | 30-03-2026 | 06-07-2026 | 3 months | −4.2% |
From daily values since 13-02-2023, 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.
Mahindra Manulife Balanced Advantage Fund (Direct)
WhiteOak Capital Balanced Advantage Fund (Direct)
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.
Mahindra Manulife Balanced Advantage Fund (Direct)
WhiteOak Capital Balanced Advantage Fund (Direct)
Mahindra Manulife Balanced Advantage vs WhiteOak Capital Balanced Advantage: Portfolio Overlap
From each fund's latest monthly portfolio: Mahindra Manulife Balanced Advantage Fund, September 2026; WhiteOak Capital Balanced Advantage Fund, September 2026
Holdings in common
- Overlap
- 29.0%
- Held by both
- 27
- Only in Mahindra Manulife Balanced Advantage
- 52
- Only in WhiteOak Capital Balanced Advantage
- 113
| Security | % of Mahindra Manulife Balanced Advantage | % of WhiteOak Capital Balanced Advantage |
|---|---|---|
| ICICI Bank Limited | 3.87% | 6.97% |
| Bharti Airtel Limited | 2.36% | 2.87% |
| HDFC Bank Limited | 2.35% | 3.93% |
| Eternal Limited | 2.20% | 1.94% |
| Reliance Industries Limited | 2.23% | 1.75% |
| 7.44% National Bank For Agriculture and Rural Development 2029 | 2.82% | 1.45% |
| State Bank of India | 1.44% | 1.90% |
| Titan Company Limited | 1.38% | 1.35% |
| Mahindra & Mahindra Limited | 1.33% | 1.93% |
| Bharat Electronics Limited | 1.27% | 1.18% |
| Torrent Pharmaceuticals Limited | 0.99% | 1.39% |
| Axis Bank Limited | 2.09% | 0.96% |
| Coforge Limited | 0.93% | 2.47% |
| Maruti Suzuki India Limited | 0.93% | 1.23% |
| Brookfield India Real Estate Trust | 2.17% | 0.73% |
| Larsen & Toubro Limited | 1.34% | 0.71% |
| Infosys Limited | 0.88% | 0.71% |
| Tech Mahindra Limited | 1.46% | 0.62% |
| Bajaj Finance Ltd | 1.41% | 0.56% |
| Divi's Laboratories Limited | 1.19% | 0.50% |
| Cummins India Limited | 0.54% | 0.48% |
| Max Financial Services Limited | 0.41% | 0.40% |
| Oil & Natural Gas Corporation Limited | 1.18% | 0.39% |
| Bharat Heavy Electricals Limited | 1.31% | 0.30% |
| The Phoenix Mills Limited | 0.77% | 0.29% |
| Acutaas Chemicals Limited | 0.61% | 0.27% |
| Vishal Mega Mart Limited | 0.73% | 0.18% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 29.0% means 29.0% 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 Mahindra Manulife Balanced Advantage Fund
| Security | % of fund |
|---|---|
| 7.71% Government of India 2066 | 3.41% |
| 8.52% Muthoot Finance Limited 2028 | 2.83% |
| IndusInd Bank Limited | 2.11% |
| Jindal Steel Limited | 1.81% |
| Apollo Hospitals Enterprise Limited | 1.72% |
Largest holdings only in WhiteOak Capital Balanced Advantage Fund
| Security | % of fund |
|---|---|
| Embassy Office Parks REIT | 2.82% |
| Nexus Select Trust - REIT | 2.71% |
| Nestle India Limited | 2.51% |
| Kotak Mahindra Bank Limited | 1.88% |
| 7.77% Bajaj Finance Limited (17/04/2029) | 1.75% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Mahindra Manulife Balanced Advantage | WhiteOak Capital Balanced Advantage |
|---|---|---|
| Equity | 67.8% | 66.1% |
| Debt | 24.5% | 17.2% |
| Cash and others | 7.7% | 16.7% |
Market cap of stocks
| Market cap | Mahindra Manulife Balanced Advantage | WhiteOak Capital Balanced Advantage |
|---|---|---|
| Large Cap | 42.4% | 45.8% |
| Mid Cap | 18.7% | 7.4% |
| Small Cap | 6.7% | 8.9% |
| Not on AMFI's list | 0.0% | 4.0% |
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 | Mahindra Manulife Balanced Advantage | WhiteOak Capital Balanced Advantage |
|---|---|---|
| Banks | 16.4% | 15.6% |
| Pharmaceuticals & Biotechnology | 7.2% | 4.3% |
| IT - Software | 3.3% | 5.8% |
| Retailing | 4.5% | 3.0% |
| Finance | 3.1% | 3.6% |
| Automobiles | 3.1% | 3.2% |
The six largest sectors of each fund's stocks, % of the fund.
Mahindra Manulife Balanced Advantage vs WhiteOak Capital Balanced Advantage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Mahindra Manulife Balanced Advantage Fund | WhiteOak Capital Balanced Advantage Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.85% | 0.84% |
| Base expense ratio (Direct) | 0.62% | 0.54% |
| Total expense ratio (Regular) | 2.41% | 2.25% |
| Base expense ratio (Regular) | 1.98% | 1.74% |
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 Mahindra Manulife Balanced Advantage with
Compare WhiteOak Capital Balanced Advantage with
Mahindra Manulife Balanced Advantage Fund vs WhiteOak Capital Balanced Advantage Fund: Frequently Asked Questions
What is the difference between Mahindra Manulife Balanced Advantage Fund and WhiteOak Capital Balanced Advantage Fund?
Both are Balanced Advantage funds, run by Mahindra Manulife Mutual Fund and WhiteOak Capital Mutual Fund. Their portfolios overlap 29.0%. Mahindra Manulife Balanced Advantage Fund charges 0.85% a year and WhiteOak Capital Balanced Advantage Fund 0.84%.
Which has given higher returns, Mahindra Manulife Balanced Advantage Fund or WhiteOak Capital Balanced Advantage Fund?
Over 1 year: Mahindra Manulife Balanced Advantage Fund −0.70%, WhiteOak Capital Balanced Advantage Fund −0.57%. Over 3 years: Mahindra Manulife Balanced Advantage Fund +10.92% a year, WhiteOak Capital Balanced Advantage Fund +11.37% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Mahindra Manulife Balanced Advantage Fund or WhiteOak Capital Balanced Advantage Fund?
WhiteOak Capital Balanced Advantage Fund charges less: 0.84% a year against 0.85%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Mahindra Manulife Balanced Advantage Fund and WhiteOak Capital Balanced Advantage Fund overlap?
29.0%. They hold 27 of the same securities, the largest shared ones being ICICIBANK, BHARTIARTL, HDFCBANK. From each fund's latest monthly portfolio.
Which is riskier, Mahindra Manulife Balanced Advantage Fund or WhiteOak Capital Balanced Advantage Fund?
On SEBI's riskometer, Mahindra Manulife Balanced Advantage Fund is rated Very High and WhiteOak Capital Balanced Advantage Fund Very High. Over 3 years, the standard deviation of daily returns was 10.11% and 8.34% a year.
Which is better for SIP, Mahindra Manulife Balanced Advantage Fund or WhiteOak Capital Balanced Advantage Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,98,488 in Mahindra Manulife Balanced Advantage Fund (XIRR 4.8% a year) and ₹4,06,673 in WhiteOak Capital Balanced Advantage Fund (XIRR 6.1% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Mahindra Manulife Balanced Advantage Fund and WhiteOak Capital Balanced Advantage Fund?
Yes. 29.0% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Mahindra Manulife Balanced Advantage Fund and WhiteOak Capital Balanced Advantage Fund?
Mahindra Manulife Balanced Advantage Fund: $ Mr. Hemang Kapasi, $ Mr. Neelesh Dhamnaskar, $ Mr. Rahul Pal, $ Mr. Amit Garg. WhiteOak Capital Balanced Advantage Fund: Ramesh Mantri, Piyush Baranwal, Trupti Agrawal, Dheeresh Pathak, Ashish Agrawal.
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.