+91-22-48913909Top 4 Best Balanced Funds by ICICI Prudential Mutual Fund 2026
Balanced Funds, also known as a hybrid scheme aim to bridge the gap between equity and debt funds. These funds are a combination of both debt and Equity Fund. It provides the twin benefits of growth from equity markets and regular income from debt markets.
The Balanced Fund by icici mutual fund typically holds up to 65 – 75% of its Portfolio assets in equities and the balance in fixed income securities. Investors wanting to invest in these funds can choose from the below-listed top 4 best balanced funds by ICICI Mutual Fund. These funds have been shortlisted by undertaking certain parameters like AUM, past performances, NAV, etc.
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Why Invest in ICICI Balanced Funds?
Best of Both
Balanced funds are less volatile. They offer the best of both equity and debt funds ensuring higher return through equity component and stability through the debt component.
Low/Mid Risk, High Return
On the basis of allocation of assets, the returns on balanced funds are risk adjusted. By Investing in small cap and mid-cap stocks, the equity gains are much higher and the associated risk factor is controlled by the debt investment.
Fund Selection Methodology used to find 4 funds
Best Balanced Mutual Funds by ICICI MF
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2024 (%) ICICI Prudential MIP 25 Growth ₹76.6323
↑ 0.13 ₹3,334 -1.1 -0.5 6.9 9.8 8.5 7.9 ICICI Prudential Equity and Debt Fund Growth ₹388.91
↑ 2.12 ₹49,257 -4.7 -3.6 9.7 17.9 17.9 13.3 ICICI Prudential Equity Arbitrage Fund Growth ₹35.7485
↑ 0.01 ₹32,976 1.5 3.1 6.4 7.1 6 6.5 ICICI Prudential Equity Savings Fund Growth ₹22.88 ₹18,078 -1.6 0.2 6 8.2 7.6 8.4 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 17 Mar 26 Research Highlights & Commentary of 4 Funds showcased
Commentary ICICI Prudential MIP 25 ICICI Prudential Equity and Debt Fund ICICI Prudential Equity Arbitrage Fund ICICI Prudential Equity Savings Fund Point 1 Bottom quartile AUM (₹3,334 Cr). Highest AUM (₹49,257 Cr). Upper mid AUM (₹32,976 Cr). Lower mid AUM (₹18,078 Cr). Point 2 Established history (21+ yrs). Oldest track record among peers (26 yrs). Established history (19+ yrs). Established history (11+ yrs). Point 3 Top rated. Rating: 4★ (upper mid). Rating: 4★ (lower mid). Not Rated. Point 4 Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderate. Risk profile: Moderately High. Point 5 5Y return: 8.51% (upper mid). 5Y return: 17.91% (top quartile). 5Y return: 5.99% (bottom quartile). 5Y return: 7.65% (lower mid). Point 6 3Y return: 9.79% (upper mid). 3Y return: 17.90% (top quartile). 3Y return: 7.08% (bottom quartile). 3Y return: 8.16% (lower mid). Point 7 1Y return: 6.87% (upper mid). 1Y return: 9.66% (top quartile). 1Y return: 6.38% (lower mid). 1Y return: 5.97% (bottom quartile). Point 8 1M return: -1.79% (lower mid). 1M return: -5.34% (bottom quartile). 1M return: 0.46% (top quartile). 1M return: -1.29% (upper mid). Point 9 Alpha: 0.00 (upper mid). Alpha: 3.54 (top quartile). Alpha: 0.00 (lower mid). Alpha: 0.00 (bottom quartile). Point 10 Sharpe: 0.50 (lower mid). Sharpe: 0.62 (upper mid). Sharpe: 1.17 (top quartile). Sharpe: 0.31 (bottom quartile). ICICI Prudential MIP 25
ICICI Prudential Equity and Debt Fund
ICICI Prudential Equity Arbitrage Fund
ICICI Prudential Equity Savings Fund
The Scheme seeks to generate regular income through investments primarily in debt and money market instruments. As a secondary objective, the Scheme also seeks to generate long term capital appreciation from the portion of equity investments under the Scheme. However, there can be no assurance that the investment objectives of the Scheme will be realized. Below is the key information for ICICI Prudential MIP 25 Returns up to 1 year are on (Erstwhile ICICI Prudential Balanced Fund) To generate long term capital appreciation and current income from a portfolio
that is invested in equity and equity related securities as well as in fixed income
securities. Research Highlights for ICICI Prudential Equity and Debt Fund Below is the key information for ICICI Prudential Equity and Debt Fund Returns up to 1 year are on The investment objective of Income Optimiser Plan under the scheme is to seek to generate low volatility returns by using arbitrage and other derivative strategies in equity markets and investments in short-term debt portfolio. Research Highlights for ICICI Prudential Equity Arbitrage Fund Below is the key information for ICICI Prudential Equity Arbitrage Fund Returns up to 1 year are on (Erstwhile ICICI Prudential Equity Income Fund) The Scheme seeks to generate regular income through investments in fixed income securities and using arbitrage and other derivative strategies. The Scheme also intends to generate long-term capital appreciation by investing a portion of the Scheme?s assets in equity and equity related instruments Research Highlights for ICICI Prudential Equity Savings Fund Below is the key information for ICICI Prudential Equity Savings Fund Returns up to 1 year are on 1. ICICI Prudential MIP 25
ICICI Prudential MIP 25
Growth Launch Date 30 Mar 04 NAV (17 Mar 26) ₹76.6323 ↑ 0.13 (0.17 %) Net Assets (Cr) ₹3,334 on 31 Jan 26 Category Hybrid - Hybrid Debt AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.67 Sharpe Ratio 0.5 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 100 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 28 Feb 21 ₹10,000 28 Feb 22 ₹10,857 28 Feb 23 ₹11,380 29 Feb 24 ₹13,002 28 Feb 25 ₹14,010 28 Feb 26 ₹15,261 Returns for ICICI Prudential MIP 25
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 17 Mar 26 Duration Returns 1 Month -1.8% 3 Month -1.1% 6 Month -0.5% 1 Year 6.9% 3 Year 9.8% 5 Year 8.5% 10 Year 15 Year Since launch 9.7% Historical performance (Yearly) on absolute basis
Year Returns 2024 7.9% 2023 11.4% 2022 11.4% 2021 5.1% 2020 9.9% 2019 10.9% 2018 9.6% 2017 5.1% 2016 12.9% 2015 10.9% Fund Manager information for ICICI Prudential MIP 25
Name Since Tenure Manish Banthia 19 Sep 13 12.45 Yr. Akhil Kakkar 22 Jan 24 2.1 Yr. Roshan Chutkey 2 May 22 3.83 Yr. Sharmila D’mello 31 Jul 22 3.58 Yr. Data below for ICICI Prudential MIP 25 as on 31 Jan 26
Asset Allocation
Asset Class Value Cash 11.05% Equity 23.11% Debt 65.54% Other 0.29% Equity Sector Allocation
Sector Value Financial Services 6.75% Consumer Cyclical 2.76% Communication Services 1.97% Health Care 1.95% Technology 1.92% Consumer Defensive 1.84% Real Estate 1.46% Industrials 1.33% Utility 1.27% Energy 0.98% Basic Materials 0.88% Debt Sector Allocation
Sector Value Corporate 45.49% Government 21.47% Cash Equivalent 9.65% Credit Quality
Rating Value A 7.43% AA 47.23% AAA 45.34% Top Securities Holdings / Portfolio
Name Holding Value Quantity 6.68% Gs 2040
Sovereign Bonds | -5% ₹159 Cr 16,464,700 6.90% Gs 2065
Sovereign Bonds | -4% ₹141 Cr 15,000,000 National Bank For Agriculture And Rural Development
Debentures | -3% ₹101 Cr 10,000 Manappuram Finance Limited
Debentures | -3% ₹100 Cr 10,000 Adani Enterprises Limited
Debentures | -3% ₹100 Cr 10,000 L&T Metro Rail (Hyderabad) Limited
Debentures | -2% ₹80 Cr 800 360 One Prime Limited
Debentures | -2% ₹75 Cr 7,500 Yes Bank Limited
Debentures | -2% ₹65 Cr 650 Goi Frb 2034
Sovereign Bonds | -2% ₹62 Cr 6,036,910
↓ -166,750 6.48% Gs 2035
Sovereign Bonds | -2% ₹52 Cr 5,259,000 2. ICICI Prudential Equity and Debt Fund
ICICI Prudential Equity and Debt Fund
Growth Launch Date 3 Nov 99 NAV (17 Mar 26) ₹388.91 ↑ 2.12 (0.55 %) Net Assets (Cr) ₹49,257 on 31 Jan 26 Category Hybrid - Hybrid Equity AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.6 Sharpe Ratio 0.62 Information Ratio 1.78 Alpha Ratio 3.54 Min Investment 5,000 Min SIP Investment 100 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 28 Feb 21 ₹10,000 28 Feb 22 ₹12,854 28 Feb 23 ₹13,911 29 Feb 24 ₹19,226 28 Feb 25 ₹20,291 28 Feb 26 ₹23,755 Returns for ICICI Prudential Equity and Debt Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 17 Mar 26 Duration Returns 1 Month -5.3% 3 Month -4.7% 6 Month -3.6% 1 Year 9.7% 3 Year 17.9% 5 Year 17.9% 10 Year 15 Year Since launch 14.9% Historical performance (Yearly) on absolute basis
Year Returns 2024 13.3% 2023 17.2% 2022 28.2% 2021 11.7% 2020 41.7% 2019 9% 2018 9.3% 2017 -1.9% 2016 24.8% 2015 13.7% Fund Manager information for ICICI Prudential Equity and Debt Fund
Name Since Tenure Sankaran Naren 7 Dec 15 10.24 Yr. Manish Banthia 19 Sep 13 12.45 Yr. Mittul Kalawadia 29 Dec 20 5.17 Yr. Akhil Kakkar 22 Jan 24 2.1 Yr. Sri Sharma 30 Apr 21 4.84 Yr. Sharmila D'Silva 31 Jul 22 3.58 Yr. Nitya Mishra 4 Nov 24 1.32 Yr. Data below for ICICI Prudential Equity and Debt Fund as on 31 Jan 26
Asset Allocation
Asset Class Value Cash 7.22% Equity 75.67% Debt 17.08% Equity Sector Allocation
Sector Value Financial Services 18.71% Consumer Cyclical 11.19% Industrials 7.78% Consumer Defensive 7.09% Energy 6.91% Health Care 5.98% Utility 5.76% Technology 4.78% Real Estate 2.9% Communication Services 2.27% Basic Materials 2.27% Debt Sector Allocation
Sector Value Government 10.35% Corporate 8.49% Cash Equivalent 5.49% Credit Quality
Rating Value A 1.64% AA 17.56% AAA 80.8% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jul 12 | ICICIBANK5% ₹2,677 Cr 19,413,840
↓ -3,278,300 NTPC Ltd (Utilities)
Equity, Since 28 Feb 17 | NTPC5% ₹2,561 Cr 67,060,559
↓ -7,735,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 22 | RELIANCE5% ₹2,528 Cr 18,138,909
↓ -805,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 21 | HDFCBANK5% ₹2,351 Cr 26,480,965
↑ 850,000 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 May 16 | SUNPHARMA4% ₹2,109 Cr 12,144,223
↓ -2,033,850 TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 28 Feb 18 | TVSMOTOR3% ₹1,541 Cr 3,981,427 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 21 | AXISBANK3% ₹1,482 Cr 10,707,447
↓ -751,875 Avenue Supermarts Ltd (Consumer Defensive)
Equity, Since 31 Jan 23 | DMART2% ₹1,238 Cr 3,218,463 InterGlobe Aviation Ltd (Industrials)
Equity, Since 28 Feb 23 | INDIGO2% ₹1,224 Cr 2,535,996 6.48% Gs 2035
Sovereign Bonds | -2% ₹987 Cr 99,986,200
↑ 12,500,000 3. ICICI Prudential Equity Arbitrage Fund
ICICI Prudential Equity Arbitrage Fund
Growth Launch Date 30 Dec 06 NAV (17 Mar 26) ₹35.7485 ↑ 0.01 (0.02 %) Net Assets (Cr) ₹32,976 on 31 Jan 26 Category Hybrid - Arbitrage AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆☆ Risk Moderate Expense Ratio 0.9 Sharpe Ratio 1.17 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load 0-1 Months (0.25%),1 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value 28 Feb 21 ₹10,000 28 Feb 22 ₹10,423 28 Feb 23 ₹10,891 29 Feb 24 ₹11,705 28 Feb 25 ₹12,559 28 Feb 26 ₹13,370 Returns for ICICI Prudential Equity Arbitrage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 17 Mar 26 Duration Returns 1 Month 0.5% 3 Month 1.5% 6 Month 3.1% 1 Year 6.4% 3 Year 7.1% 5 Year 6% 10 Year 15 Year Since launch 6.9% Historical performance (Yearly) on absolute basis
Year Returns 2024 6.5% 2023 7.6% 2022 7.1% 2021 4.2% 2020 3.9% 2019 4.3% 2018 5.9% 2017 6.2% 2016 5.5% 2015 6.8% Fund Manager information for ICICI Prudential Equity Arbitrage Fund
Name Since Tenure Nikhil Kabra 29 Dec 20 5.17 Yr. Sharmila D'Silva 31 Jul 22 3.58 Yr. Darshil Dedhia 13 Sep 24 1.46 Yr. Ajaykumar Solanki 23 Aug 24 1.52 Yr. Archana Nair 1 Feb 24 2.08 Yr. Data below for ICICI Prudential Equity Arbitrage Fund as on 31 Jan 26
Asset Allocation
Asset Class Value Cash 95.08% Debt 5.42% Other 0.04% Equity Sector Allocation
Sector Value Financial Services 21.54% Consumer Cyclical 7.75% Communication Services 7.75% Basic Materials 7.59% Industrials 5.46% Health Care 5.41% Consumer Defensive 4.02% Energy 3.9% Utility 2.59% Real Estate 1.39% Technology 1.14% Debt Sector Allocation
Sector Value Cash Equivalent 82.73% Corporate 14.78% Government 2.99% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Pru Money Market Dir Gr
Investment Fund | -16% ₹5,126 Cr 127,933,512 Future on HDFC Bank Ltd
Derivatives | -5% -₹1,770 Cr 19,798,350
↑ 19,798,350 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 21 | HDFCBANK5% ₹1,758 Cr 19,798,350
↑ 1,674,200 Future on Bharti Airtel Ltd
Derivatives | -5% -₹1,522 Cr 8,054,100
↑ 8,054,100 Future on Vodafone Idea Ltd
Derivatives | -3% -₹1,057 Cr 993,931,350
↑ 993,931,350 Vodafone Idea Ltd (Communication Services)
Equity, Since 30 Sep 23 | IDEA3% ₹1,053 Cr 993,931,350
↑ 200,773,275 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Dec 23 | BHARTIARTL3% ₹1,032 Cr 5,489,100
↑ 1,700,025 Future on Jio Financial Services Ltd
Derivatives | -2% -₹654 Cr 25,497,500
↑ 25,497,500 Jio Financial Services Ltd (Financial Services)
Equity, Since 30 Nov 24 | JIOFIN2% ₹651 Cr 25,497,500
↑ 1,269,000 Future on Eternal Ltd
Derivatives | -2% -₹628 Cr 25,406,725
↑ 25,406,725 4. ICICI Prudential Equity Savings Fund
ICICI Prudential Equity Savings Fund
Growth Launch Date 5 Dec 14 NAV (17 Mar 26) ₹22.88 Net Assets (Cr) ₹18,078 on 31 Jan 26 Category Hybrid - Equity Savings AMC ICICI Prudential Asset Management Company Limited Rating Risk Moderately High Expense Ratio 0.97 Sharpe Ratio 0.31 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 100 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 28 Feb 21 ₹10,000 28 Feb 22 ₹10,717 28 Feb 23 ₹11,396 29 Feb 24 ₹12,667 28 Feb 25 ₹13,497 28 Feb 26 ₹14,516 Returns for ICICI Prudential Equity Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 17 Mar 26 Duration Returns 1 Month -1.3% 3 Month -1.6% 6 Month 0.2% 1 Year 6% 3 Year 8.2% 5 Year 7.6% 10 Year 15 Year Since launch 7.6% Historical performance (Yearly) on absolute basis
Year Returns 2024 8.4% 2023 8.5% 2022 9.9% 2021 7.1% 2020 9.5% 2019 4.8% 2018 10.4% 2017 3.4% 2016 10.9% 2015 11.4% Fund Manager information for ICICI Prudential Equity Savings Fund
Name Since Tenure Manish Banthia 5 Dec 14 11.24 Yr. Ritesh Lunawat 29 Dec 20 5.17 Yr. Dharmesh Kakkad 23 Feb 21 5.02 Yr. Sri Sharma 30 Apr 21 4.84 Yr. Sharmila D'Silva 31 Jul 22 3.58 Yr. Ajaykumar Solanki 23 Aug 24 1.52 Yr. Archana Nair 1 Feb 24 2.08 Yr. Data below for ICICI Prudential Equity Savings Fund as on 31 Jan 26
Asset Allocation
Asset Class Value Cash 62.52% Equity 21.52% Debt 15.91% Other 0.04% Equity Sector Allocation
Sector Value Financial Services 22.55% Consumer Defensive 6.92% Basic Materials 6.41% Technology 6.26% Energy 5.67% Consumer Cyclical 5.17% Health Care 5.12% Industrials 3.93% Utility 2.88% Communication Services 2.31% Real Estate 0.2% Debt Sector Allocation
Sector Value Cash Equivalent 58.2% Corporate 12.05% Government 8.19% Credit Quality
Rating Value AA 7% AAA 93% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Pru Savings Dir Gr
Investment Fund | -9% ₹1,659 Cr 28,824,355 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 21 | HDFCBANK9% ₹1,632 Cr 18,380,065
↑ 1,439,350 ICICI Pru Money Market Dir Gr
Investment Fund | -7% ₹1,318 Cr 32,887,593 Future on HDFC Bank Ltd
Derivatives | -5% -₹961 Cr 10,747,000
↑ 10,747,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 16 | RELIANCE5% ₹870 Cr 6,242,430 ITC Ltd (Consumer Defensive)
Equity, Since 31 Aug 23 | ITC3% ₹603 Cr 19,237,667
↓ -800,000 Future on Kotak Mahindra Bank Ltd
Derivatives | -3% -₹593 Cr 14,194,000
↑ 14,194,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 May 24 | KOTAKBANK3% ₹589 Cr 14,194,000 Future on Reliance Industries Ltd
Derivatives | -3% -₹549 Cr 3,915,000
↑ 3,915,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 14 | ICICIBANK3% ₹521 Cr 3,781,009
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Research Highlights for ICICI Prudential MIP 25