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Top 3 Best Balanced Funds by Nippon/Reliance Mutual Fund 2024

Updated on July 21, 2024 , 5158 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 (%)	2023 (%)
Nippon India Equity Hybrid Fund Growth	₹99.4418 ↓ -0.27	₹3,725	8.1	14.9	27.6	17	13.5	24.1
Nippon India Arbitrage Fund Growth	₹24.9856 ↑ 0.00	₹15,072	1.8	3.7	7.7	5.7	5.2	7
Nippon India Balanced Advantage Fund Growth	₹168.945 ↓ -0.10	₹8,286	7.4	13.1	24.1	12.8	13.3	17.5
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 23 Jul 24

1. 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 12.8% since its launch. Ranked 8 in Hybrid Equity category. Return for 2023 was 24.1% , 2022 was 6.6% and 2021 was 27.8% .

Below is the key information for Nippon India Equity Hybrid Fund

Nippon India Equity Hybrid Fund Growth
Launch Date	8 Jun 05
NAV (23 Jul 24)	₹99.4418 ↓ -0.27 (-0.27 %)
Net Assets (Cr)	₹3,725 on 30 Jun 24
Category	Hybrid - Hybrid Equity
AMC	Nippon Life Asset Management Ltd.
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	2.06
Sharpe Ratio	2.53
Information Ratio	0.98
Alpha Ratio	3.27
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
30 Jun 19	₹10,000
30 Jun 20	₹7,605
30 Jun 21	₹11,435
30 Jun 22	₹11,390
30 Jun 23	₹14,028
30 Jun 24	₹18,203

Nippon India Equity Hybrid Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹426,080.
Net Profit of ₹126,080 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 23 Jul 24

Duration	Returns
1 Month	2%
3 Month	8.1%
6 Month	14.9%
1 Year	27.6%
3 Year	17%
5 Year	13.5%
10 Year
15 Year
Since launch	12.8%

Historical performance (Yearly) on absolute basis

Year	Returns
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%
2014	43.2%

Fund Manager information for Nippon India Equity Hybrid Fund

Name	Since	Tenure
Meenakshi Dawar	10 Sep 21	2.81 Yr.
Kinjal Desai	25 May 18	6.1 Yr.
Sushil Budhia	1 Feb 20	4.41 Yr.
Akshay Sharma	1 Dec 22	1.58 Yr.

Data below for Nippon India Equity Hybrid Fund as on 30 Jun 24

Asset Allocation

Asset Class	Value
Cash	3.67%
Equity	76.07%
Debt	20.27%

Equity Sector Allocation

Sector	Value
Financial Services	24%
Consumer Cyclical	9.4%
Industrials	9.07%
Technology	6.54%
Health Care	6.46%
Energy	5.36%
Consumer Defensive	4.26%
Utility	4.02%
Basic Materials	3.17%
Communication Services	2.98%
Real Estate	0.8%

Debt Sector Allocation

Sector	Value
Corporate	15.87%
Government	4.4%
Cash Equivalent	3.67%

Credit Quality

Rating	Value
A	2.77%
AA	43.3%
AAA	53.93%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 31 Jul 10 \| HDFCBANK	5%	₹199 Cr	1,182,356
ICICI Bank Ltd (Financial Services) Equity, Since 30 Apr 12 \| ICICIBANK	5%	₹188 Cr	1,570,000
Reliance Industries Ltd (Energy) Equity, Since 31 Jul 14 \| RELIANCE	4%	₹157 Cr	503,000
Larsen & Toubro Ltd (Industrials) Equity, Since 28 Feb 13 \| LT	3%	₹126 Cr	354,838
Axis Bank Ltd (Financial Services) Equity, Since 30 Sep 18 \| AXISBANK	3%	₹118 Cr	933,200
Infosys Ltd (Technology) Equity, Since 28 Feb 11 \| INFY	3%	₹114 Cr	730,000
NTPC Ltd (Utilities) Equity, Since 31 Aug 20 \| NTPC	3%	₹112 Cr	2,950,620
Sun Pharmaceuticals Industries Ltd (Healthcare) Equity, Since 31 Oct 11 \| SUNPHARMA	3%	₹106 Cr	700,000
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Dec 19 \| BHARTIARTL	3%	₹96 Cr	665,000 ↓ -20,000
State Bank of India (Financial Services) Equity, Since 31 Jul 16 \| SBIN	2%	₹86 Cr	1,010,000 ↓ -90,000

2. 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 2023 was 7% , 2022 was 4.2% and 2021 was 3.8% .

Below is the key information for Nippon India Arbitrage Fund

Nippon India Arbitrage Fund Growth
Launch Date	14 Oct 10
NAV (23 Jul 24)	₹24.9856 ↑ 0.00 (0.00 %)
Net Assets (Cr)	₹15,072 on 30 Jun 24
Category	Hybrid - Arbitrage
AMC	Nippon Life Asset Management Ltd.
Rating	☆☆☆☆
Risk	Moderately Low
Expense Ratio	1.06
Sharpe Ratio	1.33
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
30 Jun 19	₹10,000
30 Jun 20	₹10,576
30 Jun 21	₹10,942
30 Jun 22	₹11,341
30 Jun 23	₹11,989
30 Jun 24	₹12,901

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 23 Jul 24

Duration	Returns
1 Month	0.6%
3 Month	1.8%
6 Month	3.7%
1 Year	7.7%
3 Year	5.7%
5 Year	5.2%
10 Year
15 Year
Since launch	6.9%

Historical performance (Yearly) on absolute basis

Year	Returns
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%
2014	8%

Fund Manager information for Nippon India Arbitrage Fund

Name	Since	Tenure
Anju Chhajer	1 Feb 20	4.41 Yr.
Anand Gupta	12 Sep 18	5.8 Yr.
Rohit Shah	8 Apr 24	0.23 Yr.

Data below for Nippon India Arbitrage Fund as on 30 Jun 24

Asset Allocation

Asset Class	Value
Cash	94.78%
Debt	5.59%
Other	0.04%

Equity Sector Allocation

Sector	Value
Financial Services	22.86%
Industrials	9.69%
Basic Materials	7.47%
Communication Services	6.36%
Energy	6.36%
Health Care	4.76%
Consumer Cyclical	4.35%
Technology	3.01%
Utility	2.25%
Consumer Defensive	2.17%
Real Estate	0.58%

Debt Sector Allocation

Sector	Value
Cash Equivalent	82.54%
Corporate	13.96%
Government	3.87%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Nippon India Money Market Dir Gr Investment Fund \| -	10%	₹1,490 Cr	3,829,486 ↑ 386,950
Nippon India Liquid Dir Gr Investment Fund \| -	9%	₹1,284 Cr	2,133,787 ↑ 667,585
Hdfc Bank Limited_25/07/2024 Derivatives \| -	6%	-₹909 Cr	5,364,700 ↑ 5,315,750
HDFC Bank Ltd (Financial Services) Equity, Since 31 Jan 23 \| HDFCBANK	6%	₹903 Cr	5,364,700 ↓ -1,483,900
Future on Vodafone Idea Ltd Derivatives \| -	4%	-₹587 Cr	325,520,000 ↑ 154,320,000
Vodafone Idea Ltd (Communication Services) Equity, Since 30 Nov 20 \| IDEA	4%	₹582 Cr	325,520,000 ↑ 154,320,000
Future on Hindustan Aeronautics Ltd Ordinary Shares Derivatives \| -	3%	-₹460 Cr	868,200 ↑ 233,400
Hindustan Aeronautics Ltd Ordinary Shares (Industrials) Equity, Since 30 Jun 23 \| HAL	3%	₹457 Cr	868,200 ↑ 233,400
Vedanta Limited_25/07/2024 Derivatives \| -	3%	-₹380 Cr	8,307,600 ↑ 8,307,600
Vedanta Ltd (Basic Materials) Equity, Since 30 Sep 23 \| 500295	3%	₹377 Cr	8,307,600 ↑ 1,297,200

3. Nippon India Balanced Advantage Fund

(Erstwhile Reliance NRI Equity Fund)

The investment objective of the Scheme is to generate optimal returns by investing in equity or equity related instruments primarily drawn from the Companies in the S&P BSE 200 Index. The Scheme may also invest in listed companies that are in the top 200 by market capitalization on the BSE. The Scheme may also invest in large IPO’s where the market capitalization of the Company making the IPO based on the Issue price would make such company to be a part of the top 200 companies listed on the BSE based on market capitalization. The fund will have the flexibility to invest in a broad range of companies with an objective to maximize the returns, at the same time trying to minimize the risk by reasonable diversification. The selection of the companies will be done so as to capture the growth in the Indian economy. The fund will be focusing on companies with relatively higher market capitalization and having good liquidity in the stock market.

Nippon India Balanced Advantage Fund is a Hybrid - Dynamic Allocation fund was launched on 15 Nov 04. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 15.4% since its launch. Ranked 46 in Dynamic Allocation category. Return for 2023 was 17.5% , 2022 was 5.1% and 2021 was 15.7% .

Below is the key information for Nippon India Balanced Advantage Fund

Nippon India Balanced Advantage Fund Growth
Launch Date	15 Nov 04
NAV (23 Jul 24)	₹168.945 ↓ -0.10 (-0.06 %)
Net Assets (Cr)	₹8,286 on 30 Jun 24
Category	Hybrid - Dynamic Allocation
AMC	Nippon Life Asset Management Ltd.
Rating	☆☆☆
Risk	Moderately High
Expense Ratio	1.86
Sharpe Ratio	2.55
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
30 Jun 19	₹10,000
30 Jun 20	₹9,444
30 Jun 21	₹12,497
30 Jun 22	₹12,677
30 Jun 23	₹14,460
30 Jun 24	₹17,926

Nippon India Balanced Advantage Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹426,080.
Net Profit of ₹126,080 Invest Now

Returns for Nippon India Balanced Advantage Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 23 Jul 24

Duration	Returns
1 Month	2.8%
3 Month	7.4%
6 Month	13.1%
1 Year	24.1%
3 Year	12.8%
5 Year	13.3%
10 Year
15 Year
Since launch	15.4%

Historical performance (Yearly) on absolute basis

Year	Returns
2023	17.5%
2022	5.1%
2021	15.7%
2020	11.2%
2019	8.3%
2018	0.4%
2017	25.2%
2016	6.4%
2015	0.9%
2014	38.4%

Fund Manager information for Nippon India Balanced Advantage Fund

Name	Since	Tenure
Ashutosh Bhargava	7 May 18	6.15 Yr.
Kinjal Desai	25 May 18	6.1 Yr.
Amar Kalkundrikar	20 Oct 20	3.7 Yr.
Sushil Budhia	31 Mar 21	3.25 Yr.

Data below for Nippon India Balanced Advantage Fund as on 30 Jun 24

Asset Allocation

Asset Class	Value
Cash	18.88%
Equity	57.65%
Debt	23.47%

Equity Sector Allocation

Sector	Value
Financial Services	24.96%
Consumer Defensive	8.84%
Consumer Cyclical	8.09%
Industrials	7.85%
Technology	6.95%
Communication Services	4.48%
Energy	4.34%
Utility	3.28%
Health Care	2.12%
Basic Materials	1.3%
Real Estate	0.01%

Debt Sector Allocation

Sector	Value
Cash Equivalent	18.88%
Corporate	14.6%
Government	7.64%
Securitized	1.23%

Credit Quality

Rating	Value
AA	33.65%
AAA	66.35%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Bank Ltd (Financial Services) Equity, Since 31 Aug 18 \| ICICIBANK	6%	₹536 Cr	4,465,426
HDFC Bank Ltd (Financial Services) Equity, Since 31 Oct 11 \| HDFCBANK	6%	₹486 Cr	2,884,813 ↑ 200,000
Infosys Ltd (Technology) Equity, Since 31 May 09 \| INFY	4%	₹313 Cr	1,997,950 ↑ 100,000
Reliance Industries Ltd (Energy) Equity, Since 31 May 18 \| RELIANCE	3%	₹284 Cr	906,745
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Aug 18 \| BHARTIARTL	3%	₹269 Cr	1,862,468
NTPC Ltd (Utilities) Equity, Since 31 Mar 21 \| NTPC	3%	₹239 Cr	6,319,300
Axis Bank Ltd (Financial Services) Equity, Since 31 Oct 18 \| AXISBANK	3%	₹235 Cr	1,854,434
Larsen & Toubro Ltd (Industrials) Equity, Since 31 Jan 21 \| LT	2%	₹171 Cr	482,495 ↑ 85,000
ITC Ltd (Consumer Defensive) Equity, Since 31 Jul 18 \| ITC	2%	₹166 Cr	3,912,313
Godrej Consumer Products Ltd (Consumer Defensive) Equity, Since 30 Nov 20 \| GODREJCP	2%	₹151 Cr	1,098,000

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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.