Table of Contents

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

Updated on April 15, 2024 , 5020 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.

Ready to Invest?
Talk to our investment specialist

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	₹91.3436 ↓ -0.21	₹3,399	3.4	13.7	29.2	17.3	10.5	24.1
Nippon India Arbitrage Fund Growth	₹24.5172 ↑ 0.01	₹13,854	2	3.9	7.7	5.5	5.3	7
Nippon India Balanced Advantage Fund Growth	₹156.226 ↓ -0.26	₹7,651	3.2	12.2	23.4	12.9	11.2	17.5
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 16 Apr 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 12.4% 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 (16 Apr 24)	₹91.3436 ↓ -0.21 (-0.23 %)
Net Assets (Cr)	₹3,399 on 29 Feb 24
Category	Hybrid - Hybrid Equity
AMC	Nippon Life Asset Management Ltd.
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	2.06
Sharpe Ratio	3
Information Ratio	1.25
Alpha Ratio	4.97
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 Mar 19	₹10,000
31 Mar 20	₹6,418
31 Mar 21	₹10,243
31 Mar 22	₹12,041
31 Mar 23	₹12,577
31 Mar 24	₹16,526

Nippon India Equity Hybrid Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹395,578.
Net Profit of ₹95,578 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 16 Apr 24

Duration	Returns
1 Month	2.6%
3 Month	3.4%
6 Month	13.7%
1 Year	29.2%
3 Year	17.3%
5 Year	10.5%
10 Year
15 Year
Since launch	12.4%

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	2.56 Yr.
Kinjal Desai	25 May 18	5.85 Yr.
Sushil Budhia	1 Feb 20	4.16 Yr.
Akshay Sharma	1 Dec 22	1.33 Yr.

Data below for Nippon India Equity Hybrid Fund as on 29 Feb 24

Asset Allocation

Asset Class	Value
Cash	2.45%
Equity	73.4%
Debt	23.7%
Other	0.44%

Equity Sector Allocation

Sector	Value
Financial Services	22.4%
Industrials	8.98%
Consumer Cyclical	8.13%
Health Care	7.6%
Technology	6.63%
Energy	5.63%
Utility	3.83%
Consumer Defensive	3.8%
Basic Materials	2.88%
Communication Services	2.57%
Real Estate	0.95%

Debt Sector Allocation

Sector	Value
Corporate	18.18%
Government	5.52%
Cash Equivalent	2.45%

Credit Quality

Rating	Value
A	2.49%
AA	41.39%
AAA	56.12%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 31 Jul 10 \| HDFCBANK	5%	₹166 Cr	1,182,356
ICICI Bank Ltd (Financial Services) Equity, Since 30 Apr 12 \| ICICIBANK	5%	₹165 Cr	1,570,000
Reliance Industries Ltd (Energy) Equity, Since 31 Jul 14 \| RELIANCE	4%	₹147 Cr	503,000 ↓ -45,000
Larsen & Toubro Ltd (Industrials) Equity, Since 28 Feb 13 \| LT	4%	₹123 Cr	354,838 ↓ -56,000
Infosys Ltd (Technology) Equity, Since 28 Feb 11 \| INFY	4%	₹122 Cr	730,000 ↓ -150,000
Sun Pharmaceuticals Industries Ltd (Healthcare) Equity, Since 31 Oct 11 \| SUNPHARMA	3%	₹110 Cr	700,000 ↓ -50,000
Axis Bank Ltd (Financial Services) Equity, Since 30 Sep 18 \| 532215	3%	₹100 Cr	933,200
NTPC Ltd (Utilities) Equity, Since 31 Aug 20 \| 532555	3%	₹99 Cr	2,950,620
State Bank of India (Financial Services) Equity, Since 31 Jul 16 \| SBIN	2%	₹82 Cr	1,100,000
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Dec 19 \| BHARTIARTL	2%	₹77 Cr	685,000

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 (16 Apr 24)	₹24.5172 ↑ 0.01 (0.04 %)
Net Assets (Cr)	₹13,854 on 29 Feb 24
Category	Hybrid - Arbitrage
AMC	Nippon Life Asset Management Ltd.
Rating	☆☆☆☆
Risk	Moderately Low
Expense Ratio	1.06
Sharpe Ratio	1
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 Mar 19	₹10,000
31 Mar 20	₹10,623
31 Mar 21	₹11,000
31 Mar 22	₹11,426
31 Mar 23	₹11,986
31 Mar 24	₹12,884

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 16 Apr 24

Duration	Returns
1 Month	0.8%
3 Month	2%
6 Month	3.9%
1 Year	7.7%
3 Year	5.5%
5 Year	5.3%
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	4.16 Yr.
Anand Gupta	12 Sep 18	5.55 Yr.

Data below for Nippon India Arbitrage Fund as on 29 Feb 24

Asset Allocation

Asset Class	Value
Cash	97.05%
Debt	3.37%
Other	0.04%

Equity Sector Allocation

Sector	Value
Financial Services	23.84%
Industrials	10.13%
Energy	8.14%
Basic Materials	5.8%
Health Care	4.44%
Consumer Cyclical	3.86%
Communication Services	3.74%
Consumer Defensive	3.14%
Technology	3.11%
Utility	2.48%
Real Estate	0.08%

Debt Sector Allocation

Sector	Value
Cash Equivalent	87.59%
Corporate	9%
Government	3.83%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Nippon India Money Market Dir Gr Investment Fund \| -	7%	₹1,008 Cr	2,658,820
Nippon India Liquid Dir Gr Investment Fund \| -	7%	₹956 Cr	1,629,163 ↑ 341,898
HDFC Bank Ltd (Financial Services) Equity, Since 31 Jan 23 \| HDFCBANK	6%	₹830 Cr	5,916,900 ↑ 1,175,350
Hdfc Bank Limited_28/03/2024 Derivatives \| -	5%	-₹691 Cr	4,890,050 ↑ 4,890,050
Future on Kotak Mahindra Bank Ltd Derivatives \| -	3%	-₹451 Cr	2,652,800 ↑ 2,008,000
Kotak Mahindra Bank Ltd (Financial Services) Equity, Since 31 Aug 23 \| KOTAKBANK	3%	₹448 Cr	2,652,800 ↑ 2,008,000
Future on Adani Ports & Special Economic Zone Ltd Derivatives \| -	3%	-₹448 Cr	3,369,600 ↓ -212,800
Adani Ports & Special Economic Zone Ltd (Industrials) Equity, Since 31 Oct 19 \| ADANIPORTS	3%	₹445 Cr	3,369,600 ↓ -212,800
Future on Adani Enterprises Ltd Derivatives \| -	3%	-₹347 Cr	1,048,800 ↑ 134,700
Adani Enterprises Ltd (Energy) Equity, Since 31 Aug 20 \| 512599	2%	₹345 Cr	1,048,800 ↑ 134,700

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 15.2% 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 (16 Apr 24)	₹156.226 ↓ -0.26 (-0.16 %)
Net Assets (Cr)	₹7,651 on 29 Feb 24
Category	Hybrid - Dynamic Allocation
AMC	Nippon Life Asset Management Ltd.
Rating	☆☆☆
Risk	Moderately High
Expense Ratio	1.86
Sharpe Ratio	2.5
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
31 Mar 19	₹10,000
31 Mar 20	₹8,641
31 Mar 21	₹12,023
31 Mar 22	₹13,251
31 Mar 23	₹13,760
31 Mar 24	₹17,090

Nippon India Balanced Advantage Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹405,518.
Net Profit of ₹105,518 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 16 Apr 24

Duration	Returns
1 Month	2.1%
3 Month	3.2%
6 Month	12.2%
1 Year	23.4%
3 Year	12.9%
5 Year	11.2%
10 Year
15 Year
Since launch	15.2%

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	5.9 Yr.
Kinjal Desai	25 May 18	5.85 Yr.
Amar Kalkundrikar	20 Oct 20	3.45 Yr.
Sushil Budhia	31 Mar 21	3 Yr.

Data below for Nippon India Balanced Advantage Fund as on 29 Feb 24

Asset Allocation

Asset Class	Value
Cash	15.87%
Equity	58.87%
Debt	24.87%
Other	0.39%

Equity Sector Allocation

Sector	Value
Financial Services	21.45%
Industrials	8.98%
Consumer Cyclical	8.09%
Consumer Defensive	6.47%
Technology	6.09%
Energy	4.38%
Health Care	4.2%
Communication Services	3.4%
Utility	3.1%
Basic Materials	1.29%
Real Estate	0.01%

Debt Sector Allocation

Sector	Value
Corporate	16.08%
Cash Equivalent	15.87%
Government	7.85%
Securitized	0.94%

Credit Quality

Rating	Value
AA	33.54%
AAA	66.46%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Bank Ltd (Financial Services) Equity, Since 31 Aug 18 \| ICICIBANK	6%	₹470 Cr	4,465,426 ↓ -150,000
HDFC Bank Ltd (Financial Services) Equity, Since 31 Oct 11 \| HDFCBANK	5%	₹377 Cr	2,684,813
Infosys Ltd (Technology) Equity, Since 31 May 09 \| INFY	4%	₹318 Cr	1,897,950
Reliance Industries Ltd (Energy) Equity, Since 31 May 18 \| RELIANCE	3%	₹265 Cr	906,745
NTPC Ltd (Utilities) Equity, Since 31 Mar 21 \| 532555	3%	₹212 Cr	6,319,300
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Aug 18 \| BHARTIARTL	3%	₹200 Cr	1,777,434
Axis Bank Ltd (Financial Services) Equity, Since 31 Oct 18 \| 532215	3%	₹199 Cr	1,854,434 ↓ -140,000
Larsen & Toubro Ltd (Industrials) Equity, Since 31 Jan 21 \| LT	3%	₹196 Cr	562,495
ITC Ltd (Consumer Defensive) Equity, Since 31 Jul 18 \| ITC	2%	₹141 Cr	3,462,313 ↓ -500,000
Godrej Consumer Products Ltd (Consumer Defensive) Equity, Since 30 Nov 20 \| 532424	2%	₹132 Cr	1,048,000

How to Invest in Nippon India Mutual Fund Online?

Open Free Investment Account for Lifetime at Fincash.com.

Complete your Registration and KYC Process

Upload Documents (PAN, Aadhaar, etc.). And, You are Ready to Invest!

Get Started

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.