5 Best Balanced Funds by SBI Mutual Fund 2026

Updated on July 20, 2026 , 25147 views

To enjoy the dual benefits of both equity and debt, SBI Mutual Fund have some good Balanced Fund to offer to their investors. Balanced funds, also known as hybrid funds, invest in both equity and debt funds, which allows investors to enjoy the capital growth as well as earn fixed returns at regular intervals.

SBI’s top balanced funds have been shortlisted by undertaking certain criteria such as their past performances, AUM, etc. Investors looking for top hybrid funds can invest these listed SBI Mutual Fund top schemes.

Why Invest in SBI 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.

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Fund Selection Methodology used to find 5 funds

Category: Hybrid
Asset Management Company : SBI
Sorted On : drat (high to low)
Tags: fcpro
No Of Funds: 5

Best SBI Balanced Mutual Funds

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2025 (%)
SBI Debt Hybrid Fund Growth	₹76.3168 ↓ -0.22	₹10,145	1.3	3.5	4.4	8.5	8.6	6.7
SBI Multi Asset Allocation Fund Growth	₹66.5634 ↓ -0.41	₹19,354	0.7	0.7	10.6	15.4	13.1	18.6
SBI Equity Hybrid Fund Growth	₹315.416 ↓ -2.46	₹85,633	1.4	3.9	3.7	12.5	10.9	12.3
SBI Arbitrage Opportunities Fund Growth	₹35.9648 ↑ 0.02	₹45,923	1.4	3	6	6.9	6.2	6.5
SBI Dynamic Asset Allocation Fund Growth	₹15.9463 ↑ 0.03	₹655	3.9	6.2	25.1	6.9	8.3
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 22 Jul 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	SBI Debt Hybrid Fund	SBI Multi Asset Allocation Fund	SBI Equity Hybrid Fund	SBI Arbitrage Opportunities Fund	SBI Dynamic Asset Allocation Fund
Point 1	Bottom quartile AUM (₹10,145 Cr).	Lower mid AUM (₹19,354 Cr).	Highest AUM (₹85,633 Cr).	Upper mid AUM (₹45,923 Cr).	Bottom quartile AUM (₹655 Cr).
Point 2	Oldest track record among peers (25 yrs).	Established history (20+ yrs).	Established history (21+ yrs).	Established history (19+ yrs).	Established history (11+ yrs).
Point 3	Top rated.	Rating: 4★ (upper mid).	Rating: 4★ (lower mid).	Rating: 2★ (bottom quartile).	Not Rated.
Point 4	Risk profile: Moderate.	Risk profile: Moderate.	Risk profile: Moderately High.	Risk profile: Moderately Low.	Risk profile: Moderately High.
Point 5	5Y return: 8.64% (lower mid).	5Y return: 13.15% (top quartile).	5Y return: 10.86% (upper mid).	5Y return: 6.24% (bottom quartile).	5Y return: 8.31% (bottom quartile).
Point 6	3Y return: 8.45% (lower mid).	3Y return: 15.40% (top quartile).	3Y return: 12.49% (upper mid).	3Y return: 6.89% (bottom quartile).	3Y return: 6.92% (bottom quartile).
Point 7	1Y return: 4.36% (bottom quartile).	1Y return: 10.59% (upper mid).	1Y return: 3.72% (bottom quartile).	1Y return: 5.97% (lower mid).	1Y return: 25.12% (top quartile).
Point 8	1M return: 0.24% (bottom quartile).	1M return: -0.14% (bottom quartile).	1M return: 0.40% (lower mid).	1M return: 0.53% (upper mid).	1M return: 1.04% (top quartile).
Point 9	Alpha: 0.00 (upper mid).	Alpha: 0.00 (lower mid).	Alpha: 2.31 (top quartile).	Alpha: 0.00 (bottom quartile).	Alpha: 0.00 (bottom quartile).
Point 10	Sharpe: -0.10 (bottom quartile).	Sharpe: 0.53 (upper mid).	Sharpe: -0.22 (bottom quartile).	Sharpe: 0.33 (lower mid).	Sharpe: 2.59 (top quartile).

SBI Debt Hybrid Fund

Bottom quartile AUM (₹10,145 Cr).
Oldest track record among peers (25 yrs).
Top rated.
Risk profile: Moderate.
5Y return: 8.64% (lower mid).
3Y return: 8.45% (lower mid).
1Y return: 4.36% (bottom quartile).
1M return: 0.24% (bottom quartile).
Alpha: 0.00 (upper mid).
Sharpe: -0.10 (bottom quartile).

SBI Multi Asset Allocation Fund

Lower mid AUM (₹19,354 Cr).
Established history (20+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderate.
5Y return: 13.15% (top quartile).
3Y return: 15.40% (top quartile).
1Y return: 10.59% (upper mid).
1M return: -0.14% (bottom quartile).
Alpha: 0.00 (lower mid).
Sharpe: 0.53 (upper mid).

SBI Equity Hybrid Fund

Highest AUM (₹85,633 Cr).
Established history (21+ yrs).
Rating: 4★ (lower mid).
Risk profile: Moderately High.
5Y return: 10.86% (upper mid).
3Y return: 12.49% (upper mid).
1Y return: 3.72% (bottom quartile).
1M return: 0.40% (lower mid).
Alpha: 2.31 (top quartile).
Sharpe: -0.22 (bottom quartile).

SBI Arbitrage Opportunities Fund

Upper mid AUM (₹45,923 Cr).
Established history (19+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately Low.
5Y return: 6.24% (bottom quartile).
3Y return: 6.89% (bottom quartile).
1Y return: 5.97% (lower mid).
1M return: 0.53% (upper mid).
Alpha: 0.00 (bottom quartile).
Sharpe: 0.33 (lower mid).

SBI Dynamic Asset Allocation Fund

Bottom quartile AUM (₹655 Cr).
Established history (11+ yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 8.31% (bottom quartile).
3Y return: 6.92% (bottom quartile).
1Y return: 25.12% (top quartile).
1M return: 1.04% (top quartile).
Alpha: 0.00 (bottom quartile).
Sharpe: 2.59 (top quartile).

About the Fincash Research Team

At Fincash, our mission is to help investors make informed, confident decisions. With over 10 years in Mutual Fund distribution, our team blends deep industry expertise with a commitment to transparency, accuracy, and investor education.

Who We Are

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MCA CIN: U74999MH2016PTC282153
Location: Thane, Maharashtra, India
Experience: 10+ years in Mutual Fund distribution

Our Expertise

Certified Mutual Fund Distributors with hands-on advisory experience.
Market analysts tracking performance, macro trends, and sectors.
Data specialists processing NAVs, allocations, and risk metrics from Morning Star.

Our Research Process

Data sourcing: SEBI-registered fund houses & verified third-party provider Morning Star
Screening: Returns, manager track record, expenses, sector mix, risk-adjusted metrics.
Expert review: Senior team members review every article and list for accuracy.
Updates: Regular refreshes so performance data reflects current market conditions.

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Disclaimer

Content is for educational and informational purposes only and is not investment advice. Please consider your risk profile and consult a financial advisor before investing.

1. SBI Debt Hybrid Fund

(Erstwhile SBI Magnum Monthly Income Plan)

To provide regular income, liquidity and attractive returns to the investors through an actively managed portfolio of debt, equity and money market instruments. Income may be generated through the receipt of coupon payments, the amortization of the discount on the debt instruments, receipt of dividends or purchase and sale of securities in the underlying portfolio.

Research Highlights for SBI Debt Hybrid Fund

Bottom quartile AUM (₹10,145 Cr).
Oldest track record among peers (25 yrs).
Top rated.
Risk profile: Moderate.
5Y return: 8.64% (lower mid).
3Y return: 8.45% (lower mid).
1Y return: 4.36% (bottom quartile).
1M return: 0.24% (bottom quartile).
Alpha: 0.00 (upper mid).
Sharpe: -0.10 (bottom quartile).
Information ratio: 0.00 (upper mid).

Below is the key information for SBI Debt Hybrid Fund

SBI Debt Hybrid Fund Growth
Launch Date	9 Apr 01
NAV (22 Jul 26)	₹76.3168 ↓ -0.22 (-0.29 %)
Net Assets (Cr)	₹10,145 on 30 Jun 26
Category	Hybrid - Hybrid Debt
AMC	SBI Funds Management Private Limited
Rating	☆☆☆☆☆
Risk	Moderate
Expense Ratio	1.23
Sharpe Ratio	-0.1
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	500
Exit Load	0-1 Years (1%),1 Years and above(NIL)

Growth of 10,000 investment over the years.

Date	Value

SBI Debt Hybrid Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹376,357.
Net Profit of ₹76,357 Invest Now

Returns for SBI Debt 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 22 Jul 26

Duration	Returns
1 Month	0.2%
3 Month	1.3%
6 Month	3.5%
1 Year	4.4%
3 Year	8.5%
5 Year	8.6%
10 Year
15 Year
Since launch	8.4%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	6.7%
2024	11%
2023	12.2%
2022	4.5%
2021	14.1%
2020	13.5%
2019	8.1%
2018	-0.2%
2017	8.5%
2016	12.5%

Fund Manager information for SBI Debt Hybrid Fund

Name	Since	Tenure

Data below for SBI Debt Hybrid Fund as on 30 Jun 26

Asset Allocation

Asset Class	Value

Equity Sector Allocation

Sector	Value

Debt Sector Allocation

Sector	Value

Credit Quality

Rating	Value

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity

2. SBI Multi Asset Allocation Fund

(Erstwhile SBI Magnum Monthly Income Plan Floater)

To provide regular income, liquidity and attractive returns to investors in addition to mitigating the impact of interest rate risk through an actively managed portfolio of floating rate and fixed rate debt instruments, equity, money market instruments and derivatives.

Research Highlights for SBI Multi Asset Allocation Fund

Lower mid AUM (₹19,354 Cr).
Established history (20+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderate.
5Y return: 13.15% (top quartile).
3Y return: 15.40% (top quartile).
1Y return: 10.59% (upper mid).
1M return: -0.14% (bottom quartile).
Alpha: 0.00 (lower mid).
Sharpe: 0.53 (upper mid).
Information ratio: 0.00 (lower mid).

Below is the key information for SBI Multi Asset Allocation Fund

SBI Multi Asset Allocation Fund Growth
Launch Date	21 Dec 05
NAV (22 Jul 26)	₹66.5634 ↓ -0.41 (-0.61 %)
Net Assets (Cr)	₹19,354 on 30 Jun 26
Category	Hybrid - Multi Asset
AMC	SBI Funds Management Private Limited
Rating	☆☆☆☆
Risk	Moderate
Expense Ratio	1.46
Sharpe Ratio	0.53
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	500
Exit Load	0-12 Months (1%),12 Months and above(NIL)

Growth of 10,000 investment over the years.

Date	Value

SBI Multi Asset Allocation 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 SBI Multi Asset Allocation Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Jul 26

Duration	Returns
1 Month	-0.1%
3 Month	0.7%
6 Month	0.7%
1 Year	10.6%
3 Year	15.4%
5 Year	13.1%
10 Year
15 Year
Since launch	9.6%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	18.6%
2024	12.8%
2023	24.4%
2022	6%
2021	13%
2020	14.2%
2019	10.6%
2018	0.4%
2017	10.9%
2016	8.7%

Fund Manager information for SBI Multi Asset Allocation Fund

Name	Since	Tenure

Data below for SBI Multi Asset Allocation Fund as on 30 Jun 26

Asset Allocation

Asset Class	Value

Equity Sector Allocation

Sector	Value

Debt Sector Allocation

Sector	Value

Credit Quality

Rating	Value

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity

3. SBI Equity Hybrid Fund

(Erstwhile SBI Magnum Balanced Fund)

To provide investors long term capital appreciation along with the liquidity of open-ended scheme by investing in a mix of debt and equity. The scheme will invest in a diversified portfolio of equities of high growth companies and balance the risk through investing the rest in a relatively safe portfolio of debt.

Research Highlights for SBI Equity Hybrid Fund

Highest AUM (₹85,633 Cr).
Established history (21+ yrs).
Rating: 4★ (lower mid).
Risk profile: Moderately High.
5Y return: 10.86% (upper mid).
3Y return: 12.49% (upper mid).
1Y return: 3.72% (bottom quartile).
1M return: 0.40% (lower mid).
Alpha: 2.31 (top quartile).
Sharpe: -0.22 (bottom quartile).
Information ratio: 0.90 (top quartile).

Below is the key information for SBI Equity Hybrid Fund

SBI Equity Hybrid Fund Growth
Launch Date	19 Jan 05
NAV (22 Jul 26)	₹315.416 ↓ -2.46 (-0.77 %)
Net Assets (Cr)	₹85,633 on 30 Jun 26
Category	Hybrid - Hybrid Equity
AMC	SBI Funds Management Private Limited
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	1.4
Sharpe Ratio	-0.22
Information Ratio	0.9
Alpha Ratio	2.31
Min Investment	1,000
Min SIP Investment	500
Exit Load	0-12 Months (1%),12 Months and above(NIL)

Growth of 10,000 investment over the years.

Date	Value

SBI 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 SBI 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 22 Jul 26

Duration	Returns
1 Month	0.4%
3 Month	1.4%
6 Month	3.9%
1 Year	3.7%
3 Year	12.5%
5 Year	10.9%
10 Year
15 Year
Since launch	14.5%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	12.3%
2024	14.2%
2023	16.4%
2022	2.3%
2021	23.6%
2020	12.9%
2019	13.5%
2018	-0.1%
2017	27.7%
2016	3.7%

Fund Manager information for SBI Equity Hybrid Fund

Name	Since	Tenure

Data below for SBI Equity Hybrid Fund as on 30 Jun 26

Asset Allocation

Asset Class	Value

Equity Sector Allocation

Sector	Value

Debt Sector Allocation

Sector	Value

Credit Quality

Rating	Value

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity

4. SBI Arbitrage Opportunities Fund

To provide capital appreciation and regular income for unitholders by identifying profitable arbitrage opportunities between the spot and derivative market segments as also through investment of surplus cash in debt and money market instruments.

Research Highlights for SBI Arbitrage Opportunities Fund

Upper mid AUM (₹45,923 Cr).
Established history (19+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately Low.
5Y return: 6.24% (bottom quartile).
3Y return: 6.89% (bottom quartile).
1Y return: 5.97% (lower mid).
1M return: 0.53% (upper mid).
Alpha: 0.00 (bottom quartile).
Sharpe: 0.33 (lower mid).
Information ratio: 0.00 (bottom quartile).

Below is the key information for SBI Arbitrage Opportunities Fund

SBI Arbitrage Opportunities Fund Growth
Launch Date	3 Nov 06
NAV (22 Jul 26)	₹35.9648 ↑ 0.02 (0.04 %)
Net Assets (Cr)	₹45,923 on 30 Jun 26
Category	Hybrid - Arbitrage
AMC	SBI Funds Management Private Limited
Rating	☆☆
Risk	Moderately Low
Expense Ratio	0.95
Sharpe Ratio	0.33
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	500
Exit Load	0-1 Months (0.5%),1 Months and above(NIL)

Growth of 10,000 investment over the years.

Date	Value

SBI Arbitrage Opportunities Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹357,992.
Net Profit of ₹57,992 Invest Now

Returns for SBI Arbitrage Opportunities Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Jul 26

Duration	Returns
1 Month	0.5%
3 Month	1.4%
6 Month	3%
1 Year	6%
3 Year	6.9%
5 Year	6.2%
10 Year
15 Year
Since launch	6.7%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	6.5%
2024	7.5%
2023	7.4%
2022	4.6%
2021	4%
2020	3.5%
2019	6%
2018	6.2%
2017	5.3%
2016	6.4%

Fund Manager information for SBI Arbitrage Opportunities Fund

Name	Since	Tenure

Data below for SBI Arbitrage Opportunities Fund as on 30 Jun 26

Asset Allocation

Asset Class	Value

Equity Sector Allocation

Sector	Value

Debt Sector Allocation

Sector	Value

Credit Quality

Rating	Value

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity

5. SBI Dynamic Asset Allocation Fund

The objective of the fund will be to provide investors with an opportunity to invest in a portfolio of a mix of equity and equity related securities and fixed income instruments. The allocation between fixed income and equity instruments will be managed dynamically so as to provide investors with long term capital appreciation However, there can be no assurance that the investment objective of the Scheme will be achieved.

Research Highlights for SBI Dynamic Asset Allocation Fund

Bottom quartile AUM (₹655 Cr).
Established history (11+ yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 8.31% (bottom quartile).
3Y return: 6.92% (bottom quartile).
1Y return: 25.12% (top quartile).
1M return: 1.04% (top quartile).
Alpha: 0.00 (bottom quartile).
Sharpe: 2.59 (top quartile).
Information ratio: 0.00 (bottom quartile).

Below is the key information for SBI Dynamic Asset Allocation Fund

SBI Dynamic Asset Allocation Fund Growth
Launch Date	26 Mar 15
NAV (02 Jul 21)	₹15.9463 ↑ 0.03 (0.18 %)
Net Assets (Cr)	₹655 on 31 May 21
Category	Hybrid - Dynamic Allocation
AMC	SBI Funds Management Private Limited
Rating	Not Rated
Risk	Moderately High
Expense Ratio	2.07
Sharpe Ratio	2.59
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	500
Exit Load	0-12 Months (1%),12 Months and above(NIL)

Growth of 10,000 investment over the years.

Date	Value

SBI Dynamic Asset Allocation Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹376,357.
Net Profit of ₹76,357 Invest Now

Returns for SBI Dynamic Asset Allocation Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Jul 26

Duration	Returns
1 Month	1%
3 Month	3.9%
6 Month	6.2%
1 Year	25.1%
3 Year	6.9%
5 Year	8.3%
10 Year
15 Year
Since launch	7.7%

Historical performance (Yearly) on absolute basis

Year	Returns
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Fund Manager information for SBI Dynamic Asset Allocation Fund

Name	Since	Tenure

Data below for SBI Dynamic Asset Allocation Fund as on 31 May 21

Asset Allocation

Asset Class	Value

Equity Sector Allocation

Sector	Value

Debt Sector Allocation

Sector	Value

Credit Quality

Rating	Value

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity

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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.