+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 ₹77.9876
↑ 0.11 ₹3,359 0.7 2.7 7.8 10.3 8.9 7.9 ICICI Prudential Equity and Debt Fund Growth ₹410.31
↑ 2.14 ₹49,641 1 5.5 12.3 19.3 19.8 13.3 ICICI Prudential Equity Arbitrage Fund Growth ₹35.4994
↓ -0.01 ₹32,297 1.5 2.9 6.3 7 5.9 6.5 ICICI Prudential Equity Savings Fund Growth ₹23.24
↓ -0.02 ₹18,060 1.1 2.9 6.9 8.6 7.9 8.4 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 4 Feb 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 (₹3,359 Cr). Highest AUM (₹49,641 Cr). Upper mid AUM (₹32,297 Cr). Lower mid AUM (₹18,060 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: 8.87% (upper mid). 5Y return: 19.78% (top quartile). 5Y return: 5.91% (bottom quartile). 5Y return: 7.93% (lower mid). Point 6 3Y return: 10.32% (upper mid). 3Y return: 19.34% (top quartile). 3Y return: 7.03% (bottom quartile). 3Y return: 8.59% (lower mid). Point 7 1Y return: 7.78% (upper mid). 1Y return: 12.27% (top quartile). 1Y return: 6.30% (bottom quartile). 1Y return: 6.90% (lower mid). Point 8 1M return: -0.14% (upper mid). 1M return: -1.08% (bottom quartile). 1M return: 0.55% (top quartile). 1M return: -0.30% (lower mid). Point 9 Alpha: 0.00 (upper mid). Alpha: 4.49 (top quartile). Alpha: 0.00 (lower mid). Alpha: 0.00 (bottom quartile). Point 10 Sharpe: 0.57 (bottom quartile). Sharpe: 0.83 (lower mid). Sharpe: 1.05 (top quartile). Sharpe: 0.88 (upper mid). 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 (04 Feb 26) ₹77.9876 ↑ 0.11 (0.15 %) Net Assets (Cr) ₹3,359 on 31 Dec 25 Category Hybrid - Hybrid Debt AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.67 Sharpe Ratio 0.57 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 31 Jan 21 ₹10,000 31 Jan 22 ₹11,101 31 Jan 23 ₹11,552 31 Jan 24 ₹13,035 31 Jan 25 ₹14,343 31 Jan 26 ₹15,432 Returns for ICICI Prudential MIP 25
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 4 Feb 26 Duration Returns 1 Month -0.1% 3 Month 0.7% 6 Month 2.7% 1 Year 7.8% 3 Year 10.3% 5 Year 8.9% 10 Year 15 Year Since launch 9.9% 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 12.29 Yr. Akhil Kakkar 22 Jan 24 1.95 Yr. Roshan Chutkey 2 May 22 3.67 Yr. Sharmila D’mello 31 Jul 22 3.42 Yr. Data below for ICICI Prudential MIP 25 as on 31 Dec 25
Asset Allocation
Asset Class Value Cash 14.8% Equity 24.12% Debt 60.79% Other 0.29% Equity Sector Allocation
Sector Value Financial Services 6.88% Consumer Cyclical 3.17% Health Care 2.24% Technology 2.14% Communication Services 2.05% Real Estate 1.63% Consumer Defensive 1.6% Energy 1.56% Utility 1.1% Industrials 1.05% Basic Materials 0.67% Debt Sector Allocation
Sector Value Corporate 48.28% Government 18.38% Cash Equivalent 8.93% Credit Quality
Rating Value A 7.37% AA 42.78% AAA 49.85% Top Securities Holdings / Portfolio
Name Holding Value Quantity 6.9% Govt Stock 2065
Sovereign Bonds | -4% ₹142 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
↑ 10,000 Adani Enterprises Limited
Debentures | -3% ₹99 Cr 10,000 L&T Metro Rail (Hyderabad) Limited
Debentures | -2% ₹80 Cr 800 6.54% Govt Stock 2034
Sovereign Bonds | -2% ₹75 Cr 7,409,560 360 One Prime Limited
Debentures | -2% ₹75 Cr 7,500 7.1% Govt Stock 2034
Sovereign Bonds | -2% ₹75 Cr 7,275,880 Yes Bank Limited
Debentures | -2% ₹65 Cr 650 Godrej Properties Limited
Debentures | -2% ₹51 Cr 5,000 2. ICICI Prudential Equity and Debt Fund
ICICI Prudential Equity and Debt Fund
Growth Launch Date 3 Nov 99 NAV (04 Feb 26) ₹410.31 ↑ 2.14 (0.52 %) Net Assets (Cr) ₹49,641 on 31 Dec 25 Category Hybrid - Hybrid Equity AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.6 Sharpe Ratio 0.83 Information Ratio 1.94 Alpha Ratio 4.49 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 31 Jan 21 ₹10,000 31 Jan 22 ₹14,720 31 Jan 23 ₹15,731 31 Jan 24 ₹20,942 31 Jan 25 ₹23,632 31 Jan 26 ₹26,355 Returns for ICICI Prudential Equity and Debt Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 4 Feb 26 Duration Returns 1 Month -1.1% 3 Month 1% 6 Month 5.5% 1 Year 12.3% 3 Year 19.3% 5 Year 19.8% 10 Year 15 Year Since launch 15.2% 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 10.08 Yr. Manish Banthia 19 Sep 13 12.29 Yr. Mittul Kalawadia 29 Dec 20 5.01 Yr. Akhil Kakkar 22 Jan 24 1.94 Yr. Sri Sharma 30 Apr 21 4.68 Yr. Sharmila D'Silva 31 Jul 22 3.42 Yr. Nitya Mishra 4 Nov 24 1.16 Yr. Data below for ICICI Prudential Equity and Debt Fund as on 31 Dec 25
Asset Allocation
Asset Class Value Cash 11.56% Equity 75.68% Debt 12.73% Other 0% Equity Sector Allocation
Sector Value Financial Services 18.61% Consumer Cyclical 11.39% Energy 8.31% Health Care 6.84% Industrials 6.48% Consumer Defensive 5.58% Utility 5.46% Technology 5.2% Real Estate 2.96% Basic Materials 2.63% Communication Services 2.21% Debt Sector Allocation
Sector Value Corporate 8.9% Cash Equivalent 8.45% Government 6.98% Credit Quality
Rating Value A 1.7% AA 19.74% AAA 78.57% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jul 12 | 5321746% ₹3,084 Cr 22,962,853 Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 22 | RELIANCE6% ₹2,912 Cr 18,543,909 NTPC Ltd (Utilities)
Equity, Since 28 Feb 17 | 5325555% ₹2,516 Cr 76,360,769 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 May 16 | SUNPHARMA5% ₹2,332 Cr 13,561,085
↑ 84,115 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 21 | HDFCBANK4% ₹2,153 Cr 21,722,693 TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 28 Feb 18 | 5323433% ₹1,493 Cr 4,012,393 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 21 | 5322153% ₹1,455 Cr 11,459,322 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Jul 21 | MARUTI3% ₹1,319 Cr 790,167
↓ -52,000 InterGlobe Aviation Ltd (Industrials)
Equity, Since 28 Feb 23 | INDIGO3% ₹1,244 Cr 2,459,578
↑ 1,016,302 Avenue Supermarts Ltd (Consumer Defensive)
Equity, Since 31 Jan 23 | 5403762% ₹1,217 Cr 3,218,463
↑ 48,000 3. ICICI Prudential Equity Arbitrage Fund
ICICI Prudential Equity Arbitrage Fund
Growth Launch Date 30 Dec 06 NAV (04 Feb 26) ₹35.4994 ↓ -0.01 (-0.03 %) Net Assets (Cr) ₹32,297 on 31 Dec 25 Category Hybrid - Arbitrage AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆☆ Risk Moderate Expense Ratio 0.9 Sharpe Ratio 1.05 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 31 Jan 21 ₹10,000 31 Jan 22 ₹10,413 31 Jan 23 ₹10,849 31 Jan 24 ₹11,674 31 Jan 25 ₹12,539 31 Jan 26 ₹13,339 Returns for ICICI Prudential Equity Arbitrage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 4 Feb 26 Duration Returns 1 Month 0.6% 3 Month 1.5% 6 Month 2.9% 1 Year 6.3% 3 Year 7% 5 Year 5.9% 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 5.01 Yr. Sharmila D'Silva 31 Jul 22 3.42 Yr. Darshil Dedhia 13 Sep 24 1.3 Yr. Ajaykumar Solanki 23 Aug 24 1.36 Yr. Archana Nair 1 Feb 24 1.92 Yr. Data below for ICICI Prudential Equity Arbitrage Fund as on 31 Dec 25
Asset Allocation
Asset Class Value Cash 100.26% Debt 0.24% Other 0.04% Equity Sector Allocation
Sector Value Financial Services 25.12% Consumer Cyclical 10.14% Basic Materials 8.71% Industrials 6.36% Consumer Defensive 5.6% Health Care 4.91% Communication Services 4.87% Energy 4.51% Utility 3.9% Technology 2.34% Real Estate 1.62% Debt Sector Allocation
Sector Value Cash Equivalent 88.15% Corporate 9.02% Government 3.33% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Pru Money Market Dir Gr
Investment Fund | -16% ₹5,078 Cr 127,933,512 Future on HDFC Bank Ltd
Derivatives | -5% -₹1,688 Cr 16,920,200
↑ 2,595,450 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 21 | HDFCBANK5% ₹1,677 Cr 16,920,200
↑ 2,595,450 Future on Axis Bank Ltd
Derivatives | -3% -₹962 Cr 7,546,250
↑ 1,106,875 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jul 23 | 5322153% ₹958 Cr 7,546,250
↑ 1,106,875 Future on Eternal Ltd
Derivatives | -3% -₹950 Cr 33,945,150
↑ 4,369,850 Eternal Ltd (Consumer Cyclical)
Equity, Since 31 May 25 | 5433203% ₹944 Cr 33,945,150
↑ 4,369,850 Future on ITC Ltd
Derivatives | -3% -₹927 Cr 22,868,800
↑ 1,332,800 ITC Ltd (Consumer Defensive)
Equity, Since 31 May 23 | ITC3% ₹922 Cr 22,868,800
↑ 1,332,800 Future on Bharti Airtel Ltd
Derivatives | -2% -₹755 Cr 3,559,650
↑ 375,725 4. ICICI Prudential Equity Savings Fund
ICICI Prudential Equity Savings Fund
Growth Launch Date 5 Dec 14 NAV (04 Feb 26) ₹23.24 ↓ -0.02 (-0.09 %) Net Assets (Cr) ₹18,060 on 31 Dec 25 Category Hybrid - Equity Savings AMC ICICI Prudential Asset Management Company Limited Rating Risk Moderately High Expense Ratio 0.97 Sharpe Ratio 0.88 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 31 Jan 21 ₹10,000 31 Jan 22 ₹11,084 31 Jan 23 ₹11,752 31 Jan 24 ₹13,005 31 Jan 25 ₹14,075 31 Jan 26 ₹15,036 Returns for ICICI Prudential Equity Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 4 Feb 26 Duration Returns 1 Month -0.3% 3 Month 1.1% 6 Month 2.9% 1 Year 6.9% 3 Year 8.6% 5 Year 7.9% 10 Year 15 Year Since launch 7.8% 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 11.08 Yr. Ritesh Lunawat 29 Dec 20 5.01 Yr. Dharmesh Kakkad 23 Feb 21 4.86 Yr. Sri Sharma 30 Apr 21 4.68 Yr. Sharmila D'Silva 31 Jul 22 3.42 Yr. Ajaykumar Solanki 23 Aug 24 1.36 Yr. Archana Nair 1 Feb 24 1.92 Yr. Data below for ICICI Prudential Equity Savings Fund as on 31 Dec 25
Asset Allocation
Asset Class Value Cash 68% Equity 20.31% Debt 11.65% Other 0.04% Equity Sector Allocation
Sector Value Financial Services 20.99% Consumer Defensive 7.92% Technology 7.81% Health Care 6.44% Energy 5.88% Basic Materials 5.85% Consumer Cyclical 5.58% Industrials 3.57% Utility 3.27% Communication Services 2.37% Real Estate 0.22% Debt Sector Allocation
Sector Value Cash Equivalent 62% Corporate 11.01% Government 6.64% Credit Quality
Rating Value AA 9.16% AAA 90.84% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Pru Savings Dir Gr
Investment Fund | -9% ₹1,644 Cr 28,824,355 Future on HDFC Bank Ltd
Derivatives | -7% -₹1,349 Cr 13,523,950
↑ 756,250 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 21 | HDFCBANK7% ₹1,340 Cr 13,523,950
↑ 756,250 ICICI Pru Money Market Dir Gr
Investment Fund | -7% ₹1,305 Cr 32,887,593
↑ 3,778,655 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 16 | RELIANCE5% ₹958 Cr 6,098,423
↑ 262,500 Future on Reliance Industries Ltd
Derivatives | -4% -₹797 Cr 5,053,500
↓ -37,500 Infosys Ltd (Technology)
Equity, Since 31 Dec 14 | INFY4% ₹722 Cr 4,470,367
↓ -2,919,772 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 30 Apr 15 | SUNPHARMA4% ₹668 Cr 3,882,227
↑ 282,144 Future on Kotak Mahindra Bank Ltd
Derivatives | -3% -₹627 Cr 2,838,800
↑ 449,600 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 31 Oct 16 | HINDUNILVR3% ₹626 Cr 2,701,878
↑ 674,807
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Research Highlights for ICICI Prudential MIP 25