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Top 3 Best Balanced Funds by Nippon/Reliance Mutual Fund 2025

Updated on June 11, 2025 , 5541 views

Balanced Fund are a combination of both debt and Equity Funds. These funds provide benefits of both funds, i.e., long-term wealth creation by equity and regular returns by Investing in Debt fund. Generally, these funds are a good option for the investors who are looking for ways to diversify their investments within a short to medium time period with less risk to moderate risk.

Nippon India Mutual Fund (Formerly known as Reliance Mutual Fund), being one of the leading AMCs in India, investors often look at the top performing schemes of this fund house. Thus, we have shortlisted top 3 best balanced funds by Nippon/Reliance MF. Important parameters like AUM, NAV, past performances, have been undertaken to shortlist these funds. Investors can invest in these balanced funds and earn optimal returns.

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Important Information

From October 2019, Reliance Mutual Fund has been renamed as Nippon India Mutual Fund. Nippon Life has acquired majority (75%) stakes in Reliance Nippon Asset Management (RNAM). The company will continue to run its operations without any change in structure and management.

Why Invest in Nippon/Reliance Mutual Funds?

Innovative: The AMC consistently delivers new and innovative schemes to its investors.
Great Customer Care: The company takes great care of its investors. It has a very stable and high-functioning customer support team in place to help the investors.
Seasoned Experience: Reliance has been in the Market for over two decades. It has an experience and expertise in fund management and financial services.
Strong Network: The distribution network of Nippon India Mutual Fund is very strong. It has a presence in over 150 cities in India.

Best Nippon/Reliance Balanced Mutual Funds

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
Nippon India Arbitrage Fund Growth	₹26.4911 ↑ 0.02	₹14,113	1.7	3.4	6.8	6.7	5.5	7.5
Nippon India Equity Hybrid Fund Growth	₹102.992 ↓ -0.58	₹3,811	10.4	-1.3	6.1	18.8	20.8	16.1
Nippon India Hybrid Bond Fund Growth	₹57.4092 ↓ -0.05	₹840	4.1	4.3	8.5	9.3	9.2	7.8
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 13 Jun 25

1. Nippon India Arbitrage Fund

(Erstwhile Reliance Arbitrage Advantage Fund)

The investment objective of the scheme is to generate income by taking advantage of the arbitrage opportunities that potentially exists between cash and derivative market and within the derivative segment along with investments in debt securities & money market instruments.

Nippon India Arbitrage Fund is a Hybrid - Arbitrage fund was launched on 14 Oct 10. It is a fund with Moderately Low risk and has given a CAGR/Annualized return of 6.9% since its launch. Ranked 3 in Arbitrage category. Return for 2024 was 7.5% , 2023 was 7% and 2022 was 4.2% .

Below is the key information for Nippon India Arbitrage Fund

Nippon India Arbitrage Fund Growth
Launch Date	14 Oct 10
NAV (13 Jun 25)	₹26.4911 ↑ 0.02 (0.07 %)
Net Assets (Cr)	₹14,113 on 30 Apr 25
Category	Hybrid - Arbitrage
AMC	Nippon Life Asset Management Ltd.
Rating	☆☆☆☆
Risk	Moderately Low
Expense Ratio	1.07
Sharpe Ratio	0.86
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	100
Exit Load	0-1 Months (0.25%),1 Months and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
31 May 20	₹10,000
31 May 21	₹10,296
31 May 22	₹10,684
31 May 23	₹11,261
31 May 24	₹12,115
31 May 25	₹12,945

Nippon India Arbitrage Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹349,120.
Net Profit of ₹49,120 Invest Now

Returns for Nippon India Arbitrage Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 13 Jun 25

Duration	Returns
1 Month	0.6%
3 Month	1.7%
6 Month	3.4%
1 Year	6.8%
3 Year	6.7%
5 Year	5.5%
10 Year
15 Year
Since launch	6.9%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	7.5%
2023	7%
2022	4.2%
2021	3.8%
2020	4.3%
2019	6.2%
2018	6.8%
2017	5.5%
2016	6.6%
2015	8.1%

Fund Manager information for Nippon India Arbitrage Fund

Name	Since	Tenure
Vikash Agarwal	14 Sep 24	0.71 Yr.
Nemish Sheth	21 Mar 25	0.2 Yr.
Rohit Shah	8 Apr 24	1.15 Yr.

Data below for Nippon India Arbitrage Fund as on 30 Apr 25

Asset Allocation

Asset Class	Value
Cash	96.65%
Debt	3.3%
Other	0.05%

Equity Sector Allocation

Sector	Value
Financial Services	20.04%
Industrials	7.95%
Basic Materials	7.27%
Consumer Cyclical	5.7%
Energy	5.63%
Health Care	5.09%
Consumer Defensive	4.99%
Technology	4.98%
Communication Services	3.91%
Utility	2.02%
Real Estate	1.07%

Debt Sector Allocation

Sector	Value
Cash Equivalent	87.46%
Corporate	8.6%
Government	3.89%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Nippon India Money Market Dir Gr Investment Fund \| -	12%	₹1,704 Cr	4,132,789
Nippon India Liquid Dir Gr Investment Fund \| -	12%	₹1,684 Cr	2,653,349 ↑ 1,341,760
Reliance Industries Ltd (Energy) Equity, Since 31 Dec 17 \| RELIANCE	4%	₹551 Cr	4,318,000 ↓ -616,500
ICICI Bank Ltd (Financial Services) Equity, Since 31 Oct 24 \| ICICIBANK	4%	₹493 Cr	3,655,400 ↓ -529,900
Axis Bank Ltd (Financial Services) Equity, Since 31 Jul 23 \| 532215	3%	₹426 Cr	3,865,000 ↓ -1,173,750
Jio Financial Services Ltd (Financial Services) Equity, Since 30 Nov 24 \| JIOFIN	2%	₹343 Cr	15,082,650 ↑ 4,227,300
ITC Ltd (Consumer Defensive) Equity, Since 31 Jan 25 \| ITC	2%	₹280 Cr	6,830,400 ↑ 302,400
Hindustan Aeronautics Ltd Ordinary Shares (Industrials) Equity, Since 30 Jun 23 \| HAL	2%	₹252 Cr	604,200 ↓ -264,750
HDFC Bank Ltd (Financial Services) Equity, Since 31 Jan 23 \| HDFCBANK	2%	₹232 Cr	1,268,300 ↑ 422,950
Infosys Ltd (Technology) Equity, Since 31 Oct 23 \| INFY	2%	₹230 Cr	1,464,000 ↑ 274,800

2. Nippon India Equity Hybrid Fund

(Erstwhile Reliance Regular Savings Fund - Balanced Plan)

The primary investment objective of this option is to generate consistent returns and appreciation of capital by investing in mix of securities comprising of Equity, Equity related instruments & fixed income instruments.

Nippon India Equity Hybrid Fund is a Hybrid - Hybrid Equity fund was launched on 8 Jun 05. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 12.4% since its launch. Ranked 8 in Hybrid Equity category. Return for 2024 was 16.1% , 2023 was 24.1% and 2022 was 6.6% .

Below is the key information for Nippon India Equity Hybrid Fund

Nippon India Equity Hybrid Fund Growth
Launch Date	8 Jun 05
NAV (13 Jun 25)	₹102.992 ↓ -0.58 (-0.56 %)
Net Assets (Cr)	₹3,811 on 30 Apr 25
Category	Hybrid - Hybrid Equity
AMC	Nippon Life Asset Management Ltd.
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	2.02
Sharpe Ratio	0.12
Information Ratio	1.05
Alpha Ratio	-0.77
Min Investment	500
Min SIP Investment	100
Exit Load	0-12 Months (1%),12 Months and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
31 May 20	₹10,000
31 May 21	₹15,561
31 May 22	₹16,625
31 May 23	₹19,028
31 May 24	₹24,376
31 May 25	₹26,749

Nippon India Equity Hybrid Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹505,644.
Net Profit of ₹205,644 Invest Now

Returns for Nippon India Equity Hybrid Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 13 Jun 25

Duration	Returns
1 Month	1.6%
3 Month	10.4%
6 Month	-1.3%
1 Year	6.1%
3 Year	18.8%
5 Year	20.8%
10 Year
15 Year
Since launch	12.4%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	16.1%
2023	24.1%
2022	6.6%
2021	27.8%
2020	-5.3%
2019	3%
2018	-4.9%
2017	29.5%
2016	4.2%
2015	8.7%

Fund Manager information for Nippon India Equity Hybrid Fund

Name	Since	Tenure
Meenakshi Dawar	10 Sep 21	3.72 Yr.
Kinjal Desai	25 May 18	7.02 Yr.
Sushil Budhia	1 Feb 20	5.33 Yr.

Data below for Nippon India Equity Hybrid Fund as on 30 Apr 25

Asset Allocation

Asset Class	Value
Cash	5.01%
Equity	77.51%
Debt	17.49%

Equity Sector Allocation

Sector	Value
Financial Services	25.51%
Industrials	9.43%
Consumer Cyclical	7.85%
Technology	7.26%
Health Care	5.69%
Energy	3.92%
Communication Services	3.79%
Utility	3.71%
Real Estate	3.71%
Consumer Defensive	3.69%
Basic Materials	2.65%

Debt Sector Allocation

Sector	Value
Corporate	11.78%
Government	5.71%
Cash Equivalent	5.01%

Credit Quality

Rating	Value
A	3.38%
AA	45.87%
AAA	50.75%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 31 Jul 10 \| HDFCBANK	6%	₹228 Cr	1,182,356
ICICI Bank Ltd (Financial Services) Equity, Since 30 Apr 12 \| ICICIBANK	6%	₹224 Cr	1,570,000
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Dec 19 \| BHARTIARTL	3%	₹124 Cr	665,000
Larsen & Toubro Ltd (Industrials) Equity, Since 28 Feb 13 \| LT	3%	₹119 Cr	354,838
Reliance Industries Ltd (Energy) Equity, Since 31 Jul 14 \| RELIANCE	3%	₹113 Cr	806,000
Axis Bank Ltd (Financial Services) Equity, Since 30 Sep 18 \| 532215	3%	₹111 Cr	933,200
Infosys Ltd (Technology) Equity, Since 28 Feb 11 \| INFY	3%	₹110 Cr	730,000
NTPC Ltd (Utilities) Equity, Since 31 Aug 20 \| 532555	3%	₹99 Cr	2,800,620
State Bank of India (Financial Services) Equity, Since 31 Jul 16 \| SBIN	2%	₹80 Cr	1,010,000
Sun Pharmaceuticals Industries Ltd (Healthcare) Equity, Since 31 Oct 11 \| SUNPHARMA	2%	₹73 Cr	400,000

3. Nippon India Hybrid Bond Fund

(Erstwhile Reliance Monthly Income Plan)

The primary investment objective of the Scheme is to generate regular income in order to make regular dividend payments to unit holders and the secondary objective is growth of capital.

Nippon India Hybrid Bond Fund is a Hybrid - Hybrid Debt fund was launched on 29 Dec 03. It is a fund with Moderate risk and has given a CAGR/Annualized return of 8.5% since its launch. Ranked 30 in Hybrid Debt category. Return for 2024 was 7.8% , 2023 was 10.2% and 2022 was 4.8% .

Below is the key information for Nippon India Hybrid Bond Fund

Nippon India Hybrid Bond Fund Growth
Launch Date	29 Dec 03
NAV (13 Jun 25)	₹57.4092 ↓ -0.05 (-0.09 %)
Net Assets (Cr)	₹840 on 30 Apr 25
Category	Hybrid - Hybrid Debt
AMC	Nippon Life Asset Management Ltd.
Rating	☆☆☆
Risk	Moderate
Expense Ratio	1.82
Sharpe Ratio	0.67
Information Ratio	-0.37
Alpha Ratio	-0.45
Min Investment	5,000
Min SIP Investment	100
Exit Load	0-12 Months (1%),12 Months and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
31 May 20	₹10,000
31 May 21	₹11,424
31 May 22	₹12,078
31 May 23	₹13,189
31 May 24	₹14,345
31 May 25	₹15,636

Nippon India Hybrid Bond Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹385,859.
Net Profit of ₹85,859 Invest Now

Returns for Nippon India Hybrid Bond Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 13 Jun 25

Duration	Returns
1 Month	0.9%
3 Month	4.1%
6 Month	4.3%
1 Year	8.5%
3 Year	9.3%
5 Year	9.2%
10 Year
15 Year
Since launch	8.5%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	7.8%
2023	10.2%
2022	4.8%
2021	10.1%
2020	-8.5%
2019	2.8%
2018	4%
2017	9.3%
2016	9.2%
2015	6.2%

Fund Manager information for Nippon India Hybrid Bond Fund

Name	Since	Tenure
Dhrumil Shah	10 Sep 21	3.73 Yr.
Kinjal Desai	29 Dec 03	21.44 Yr.
Sushil Budhia	1 Feb 20	5.33 Yr.
Akshay Sharma	1 Dec 22	2.5 Yr.

Data below for Nippon India Hybrid Bond Fund as on 30 Apr 25

Asset Allocation

Asset Class	Value
Cash	12.9%
Equity	15.88%
Debt	70.96%
Other	0.26%

Equity Sector Allocation

Sector	Value
Financial Services	5.13%
Real Estate	1.76%
Industrials	1.63%
Technology	1.42%
Energy	1.34%
Consumer Cyclical	1.25%
Consumer Defensive	0.91%
Basic Materials	0.89%
Health Care	0.62%
Communication Services	0.56%
Utility	0.37%

Debt Sector Allocation

Sector	Value
Corporate	52.84%
Government	18.11%
Cash Equivalent	12.9%

Credit Quality

Rating	Value
A	16.49%
AA	50.1%
AAA	33.41%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
7.02% Govt Stock 2031 Sovereign Bonds \| -	6%	₹52 Cr	5,000,000
National Bank For Agriculture And Rural Development Debentures \| -	6%	₹50 Cr	5,000
Century Textiles And Industries Limited Debentures \| -	4%	₹36 Cr	3,500
7.1% Govt Stock 2029 Sovereign Bonds \| -	4%	₹31 Cr	3,000,000
Renserv Global Pvt Ltd. 9.9% Debentures \| -	3%	₹30 Cr	3,000 ↑ 3,000
Bamboo Hotel And Global Centre (Delhi) Private Limited Debentures \| -	3%	₹27 Cr	2,700
Delhi International Airport Limited Debentures \| -	3%	₹27 Cr	2,600
Truhome Finance Ltd. 9.25% Debentures \| -	3%	₹26 Cr	2,500
Prestige Projects Private Limited 11.75% Debentures \| -	3%	₹25 Cr	2,500
Vedanta Limited Debentures \| -	3%	₹25 Cr	2,500

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Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.