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

Updated on August 8, 2025 , 5611 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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NipponIndia-MF

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

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2024 (%)
Nippon India Arbitrage Fund Growth ₹26.7031
↑ 0.03
₹14,9481.33.16.56.95.67.5
Nippon India Equity Hybrid Fund Growth ₹102.717
↓ -0.90
₹3,9882.84.63.615.318.916.1
Nippon India Hybrid Bond Fund Growth ₹58.0136
↓ -0.04
₹8952.34.98.18.88.97.8
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 8 Aug 25

Research Highlights & Commentary of 3 Funds showcased

CommentaryNippon India Arbitrage FundNippon India Equity Hybrid FundNippon India Hybrid Bond Fund
Point 1Highest AUM (₹14,948 Cr).Lower mid AUM (₹3,988 Cr).Bottom quartile AUM (₹895 Cr).
Point 2Established history (14+ yrs).Established history (20+ yrs).Oldest track record among peers (21 yrs).
Point 3Top rated.Rating: 4★ (lower mid).Rating: 3★ (bottom quartile).
Point 4Risk profile: Moderately Low.Risk profile: Moderately High.Risk profile: Moderate.
Point 55Y return: 5.57% (bottom quartile).5Y return: 18.90% (upper mid).5Y return: 8.89% (lower mid).
Point 63Y return: 6.87% (bottom quartile).3Y return: 15.32% (upper mid).3Y return: 8.78% (lower mid).
Point 71Y return: 6.53% (lower mid).1Y return: 3.55% (bottom quartile).1Y return: 8.11% (upper mid).
Point 81M return: 0.50% (upper mid).1M return: -2.52% (bottom quartile).1M return: -0.11% (lower mid).
Point 9Alpha: 0.00 (lower mid).Alpha: -0.36 (bottom quartile).Alpha: 0.78 (upper mid).
Point 10Sharpe: 0.28 (lower mid).Sharpe: 0.04 (bottom quartile).Sharpe: 0.87 (upper mid).

Nippon India Arbitrage Fund

  • Highest AUM (₹14,948 Cr).
  • Established history (14+ yrs).
  • Top rated.
  • Risk profile: Moderately Low.
  • 5Y return: 5.57% (bottom quartile).
  • 3Y return: 6.87% (bottom quartile).
  • 1Y return: 6.53% (lower mid).
  • 1M return: 0.50% (upper mid).
  • Alpha: 0.00 (lower mid).
  • Sharpe: 0.28 (lower mid).

Nippon India Equity Hybrid Fund

  • Lower mid AUM (₹3,988 Cr).
  • Established history (20+ yrs).
  • Rating: 4★ (lower mid).
  • Risk profile: Moderately High.
  • 5Y return: 18.90% (upper mid).
  • 3Y return: 15.32% (upper mid).
  • 1Y return: 3.55% (bottom quartile).
  • 1M return: -2.52% (bottom quartile).
  • Alpha: -0.36 (bottom quartile).
  • Sharpe: 0.04 (bottom quartile).

Nippon India Hybrid Bond Fund

  • Bottom quartile AUM (₹895 Cr).
  • Oldest track record among peers (21 yrs).
  • Rating: 3★ (bottom quartile).
  • Risk profile: Moderate.
  • 5Y return: 8.89% (lower mid).
  • 3Y return: 8.78% (lower mid).
  • 1Y return: 8.11% (upper mid).
  • 1M return: -0.11% (lower mid).
  • Alpha: 0.78 (upper mid).
  • Sharpe: 0.87 (upper mid).

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.

Research Highlights for Nippon India Arbitrage Fund

  • Highest AUM (₹14,948 Cr).
  • Established history (14+ yrs).
  • Top rated.
  • Risk profile: Moderately Low.
  • 5Y return: 5.57% (bottom quartile).
  • 3Y return: 6.87% (bottom quartile).
  • 1Y return: 6.53% (lower mid).
  • 1M return: 0.50% (upper mid).
  • Alpha: 0.00 (lower mid).
  • Sharpe: 0.28 (lower mid).
  • Information ratio: 0.00 (lower mid).
  • Top sector: Financial Services.
  • Higher exposure to Cash Equivalent (bond sector) vs peer median.
  • Conservative stance with elevated cash (~97%).
  • High-quality debt (AAA/AA ~100%).
  • Largest holding Nippon India Money Market Dir Gr (~11.7%).

Below is the key information for Nippon India Arbitrage Fund

Nippon India Arbitrage Fund
Growth
Launch Date 14 Oct 10
NAV (08 Aug 25) ₹26.7031 ↑ 0.03   (0.11 %)
Net Assets (Cr) ₹14,948 on 30 Jun 25
Category Hybrid - Arbitrage
AMC Nippon Life Asset Management Ltd.
Rating
Risk Moderately Low
Expense Ratio 1.07
Sharpe Ratio 0.28
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.

DateValue
31 Jul 20₹10,000
31 Jul 21₹10,393
31 Jul 22₹10,733
31 Jul 23₹11,405
31 Jul 24₹12,282
31 Jul 25₹13,102

Nippon India Arbitrage Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual 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 8 Aug 25

DurationReturns
1 Month 0.5%
3 Month 1.3%
6 Month 3.1%
1 Year 6.5%
3 Year 6.9%
5 Year 5.6%
10 Year
15 Year
Since launch 6.9%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Vikash Agarwal14 Sep 240.88 Yr.
Nemish Sheth21 Mar 250.36 Yr.
Rohit Shah8 Apr 241.31 Yr.

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

Asset Allocation
Asset ClassValue
Cash97.41%
Debt2.85%
Other0.04%
Equity Sector Allocation
SectorValue
Financial Services21.82%
Basic Materials8.48%
Industrials8.03%
Health Care6.57%
Energy6.04%
Consumer Cyclical5.94%
Technology4.44%
Communication Services4.31%
Consumer Defensive3.93%
Utility3.46%
Real Estate1.32%
Debt Sector Allocation
SectorValue
Cash Equivalent89.46%
Corporate7.9%
Government2.9%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Nippon India Money Market Dir Gr
Investment Fund | -
12%₹1,742 Cr4,132,789
Nippon India Liquid Dir Gr
Investment Fund | -
7%₹972 Cr1,505,552
↓ -52,389
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 23 | HDFCBANK
3%₹500 Cr2,499,750
↑ 24,750
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 23 | BHARTIARTL
3%₹424 Cr2,109,950
↑ 18,050
Future on Bharti Airtel Ltd
Derivatives | -
3%-₹423 Cr2,109,950
↑ 2,109,950
Future on Reliance Industries Ltd
Derivatives | -
3%-₹408 Cr2,700,000
↑ 2,700,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 17 | RELIANCE
3%₹405 Cr2,700,000
↑ 155,000
Hdfc Bank Limited_31/07/2025
Derivatives | -
3%-₹388 Cr1,931,600
↑ 1,931,600
Future on ICICI Bank Ltd
Derivatives | -
2%-₹350 Cr2,407,300
↑ 2,407,300
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 24 | 532174
2%₹348 Cr2,407,300
↑ 271,600

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.

Research Highlights for Nippon India Equity Hybrid Fund

  • Lower mid AUM (₹3,988 Cr).
  • Established history (20+ yrs).
  • Rating: 4★ (lower mid).
  • Risk profile: Moderately High.
  • 5Y return: 18.90% (upper mid).
  • 3Y return: 15.32% (upper mid).
  • 1Y return: 3.55% (bottom quartile).
  • 1M return: -2.52% (bottom quartile).
  • Alpha: -0.36 (bottom quartile).
  • Sharpe: 0.04 (bottom quartile).
  • Information ratio: 1.22 (upper mid).
  • Top sector: Financial Services.
  • Top bond sector: Corporate.
  • Equity-heavy allocation (~77%).
  • High-quality debt (AAA/AA ~97%).
  • Largest holding HDFC Bank Ltd (~5.9%).

Below is the key information for Nippon India Equity Hybrid Fund

Nippon India Equity Hybrid Fund
Growth
Launch Date 8 Jun 05
NAV (08 Aug 25) ₹102.717 ↓ -0.90   (-0.87 %)
Net Assets (Cr) ₹3,988 on 30 Jun 25
Category Hybrid - Hybrid Equity
AMC Nippon Life Asset Management Ltd.
Rating
Risk Moderately High
Expense Ratio 2.02
Sharpe Ratio 0.04
Information Ratio 1.22
Alpha Ratio -0.36
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.

DateValue
31 Jul 20₹10,000
31 Jul 21₹14,515
31 Jul 22₹15,466
31 Jul 23₹18,382
31 Jul 24₹23,781
31 Jul 25₹24,382

Nippon India Equity Hybrid Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹481,656.
Net Profit of ₹181,656
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 8 Aug 25

DurationReturns
1 Month -2.5%
3 Month 2.8%
6 Month 4.6%
1 Year 3.6%
3 Year 15.3%
5 Year 18.9%
10 Year
15 Year
Since launch 12.2%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Meenakshi Dawar10 Sep 213.89 Yr.
Kinjal Desai25 May 187.19 Yr.
Sushil Budhia1 Feb 205.5 Yr.

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

Asset Allocation
Asset ClassValue
Cash3.73%
Equity77.07%
Debt19.19%
Equity Sector Allocation
SectorValue
Financial Services25.37%
Industrials10.48%
Consumer Cyclical7.62%
Technology6.6%
Health Care5.06%
Utility4.2%
Energy3.97%
Communication Services3.91%
Real Estate3.77%
Consumer Defensive3.36%
Basic Materials2.73%
Debt Sector Allocation
SectorValue
Corporate12.23%
Government6.96%
Cash Equivalent3.73%
Credit Quality
RatingValue
A2.99%
AA42.74%
AAA54.27%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 10 | HDFCBANK
6%₹237 Cr1,182,356
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 12 | 532174
5%₹181 Cr1,250,000
↓ -320,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Dec 19 | BHARTIARTL
3%₹134 Cr665,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 13 | LT
3%₹130 Cr354,838
Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 14 | RELIANCE
3%₹121 Cr806,000
Infosys Ltd (Technology)
Equity, Since 28 Feb 11 | INFY
3%₹117 Cr730,000
Axis Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | 532215
3%₹112 Cr933,200
NTPC Ltd (Utilities)
Equity, Since 31 Aug 20 | 532555
2%₹94 Cr2,800,620
State Bank of India (Financial Services)
Equity, Since 31 Jul 16 | SBIN
2%₹83 Cr1,010,000
Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Aug 20 | M&M
2%₹75 Cr235,000

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.

Research Highlights for Nippon India Hybrid Bond Fund

  • Bottom quartile AUM (₹895 Cr).
  • Oldest track record among peers (21 yrs).
  • Rating: 3★ (bottom quartile).
  • Risk profile: Moderate.
  • 5Y return: 8.89% (lower mid).
  • 3Y return: 8.78% (lower mid).
  • 1Y return: 8.11% (upper mid).
  • 1M return: -0.11% (lower mid).
  • Alpha: 0.78 (upper mid).
  • Sharpe: 0.87 (upper mid).
  • Information ratio: -0.50 (bottom quartile).
  • Top sector: Financial Services.
  • Higher exposure to Corporate (bond sector) vs peer median.
  • Debt-heavy allocation (~77%).
  • High-quality debt (AAA/AA ~78%).
  • Largest holding 7.02% Govt Stock 2031 (~5.8%).

Below is the key information for Nippon India Hybrid Bond Fund

Nippon India Hybrid Bond Fund
Growth
Launch Date 29 Dec 03
NAV (08 Aug 25) ₹58.0136 ↓ -0.04   (-0.06 %)
Net Assets (Cr) ₹895 on 30 Jun 25
Category Hybrid - Hybrid Debt
AMC Nippon Life Asset Management Ltd.
Rating
Risk Moderate
Expense Ratio 1.82
Sharpe Ratio 0.87
Information Ratio -0.5
Alpha Ratio 0.78
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.

DateValue
31 Jul 20₹10,000
31 Jul 21₹11,191
31 Jul 22₹11,860
31 Jul 23₹12,983
31 Jul 24₹14,220
31 Jul 25₹15,330

Nippon India Hybrid Bond Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹376,357.
Net Profit of ₹76,357
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 8 Aug 25

DurationReturns
1 Month -0.1%
3 Month 2.3%
6 Month 4.9%
1 Year 8.1%
3 Year 8.8%
5 Year 8.9%
10 Year
15 Year
Since launch 8.5%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Dhrumil Shah10 Sep 213.89 Yr.
Kinjal Desai29 Dec 0321.6 Yr.
Sushil Budhia1 Feb 205.5 Yr.
Akshay Sharma1 Dec 222.67 Yr.

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

Asset Allocation
Asset ClassValue
Cash7.13%
Equity15.74%
Debt76.84%
Other0.29%
Equity Sector Allocation
SectorValue
Financial Services5.19%
Real Estate1.85%
Industrials1.54%
Energy1.33%
Technology1.32%
Consumer Cyclical1.2%
Consumer Defensive0.9%
Basic Materials0.88%
Health Care0.61%
Communication Services0.57%
Utility0.36%
Debt Sector Allocation
SectorValue
Corporate65.15%
Government11.69%
Cash Equivalent7.13%
Credit Quality
RatingValue
A22.22%
AA47.7%
AAA30.08%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.02% Govt Stock 2031
Sovereign Bonds | -
6%₹52 Cr5,000,000
Aditya Birla Real Estate Limited
Debentures | -
4%₹36 Cr3,500
Suryapet Khammam Road Private Limited
Debentures | -
3%₹31 Cr3,862
7.1% Govt Stock 2029
Sovereign Bonds | -
3%₹31 Cr3,000,000
Mancherial Repallewada Road Private Limited
Debentures | -
3%₹31 Cr3,400
Renserv Global Private Limited
Debentures | -
3%₹30 Cr3,000
Bamboo Hotel And Global Centre (Delhi) Private Limited
Debentures | -
3%₹27 Cr2,700
Delhi International Airport Limited
Debentures | -
3%₹27 Cr2,600
TRuhome Finance Limited
Debentures | -
3%₹26 Cr2,500
Vedanta Limited
Debentures | -
3%₹25 Cr2,500

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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.
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