+91-22-489139095 Best Balanced Funds by SBI Mutual Fund 2026
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
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 ₹76.6134
↓ -0.12 ₹10,210 2 3 5.3 8.1 8.2 6.7 SBI Multi Asset Allocation Fund Growth ₹66.8264
↓ -0.14 ₹20,240 0.9 -0.6 12.2 14.4 12.7 18.6 SBI Equity Hybrid Fund Growth ₹316.753
↑ 0.18 ₹88,036 2.7 5 6.5 12.4 9.7 12.3 SBI Arbitrage Opportunities Fund Growth ₹36.1958
↓ -0.06 ₹46,803 1.8 2.9 6 6.8 6.3 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 2 Sep 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 (₹10,210 Cr). Lower mid AUM (₹20,240 Cr). Highest AUM (₹88,036 Cr). Upper mid AUM (₹46,803 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: 8.24% (bottom quartile). 5Y return: 12.74% (top quartile). 5Y return: 9.69% (upper mid). 5Y return: 6.30% (bottom quartile). 5Y return: 8.31% (lower mid). Point 6 3Y return: 8.08% (lower mid). 3Y return: 14.38% (top quartile). 3Y return: 12.42% (upper mid). 3Y return: 6.80% (bottom quartile). 3Y return: 6.92% (bottom quartile). Point 7 1Y return: 5.31% (bottom quartile). 1Y return: 12.18% (upper mid). 1Y return: 6.54% (lower mid). 1Y return: 6.00% (bottom quartile). 1Y return: 25.12% (top quartile). Point 8 1M return: 0.10% (bottom quartile). 1M return: 0.22% (lower mid). 1M return: -0.35% (bottom quartile). 1M return: 0.51% (upper mid). 1M return: 1.04% (top quartile). Point 9 Alpha: 0.00 (upper mid). Alpha: 0.00 (lower mid). Alpha: 2.74 (top quartile). Alpha: 0.00 (bottom quartile). Alpha: 0.00 (bottom quartile). Point 10 Sharpe: -0.07 (bottom quartile). Sharpe: 0.63 (upper mid). Sharpe: 0.09 (bottom quartile). Sharpe: 0.46 (lower mid). Sharpe: 2.59 (top quartile). SBI Debt Hybrid Fund
SBI Multi Asset Allocation Fund
SBI Equity Hybrid Fund
SBI Arbitrage Opportunities Fund
SBI Dynamic Asset Allocation 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. Below is the key information for SBI Debt Hybrid Fund Returns up to 1 year are on (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 Below is the key information for SBI Multi Asset Allocation Fund Returns up to 1 year are on (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 Below is the key information for SBI Equity Hybrid Fund Returns up to 1 year are on 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 Below is the key information for SBI Arbitrage Opportunities Fund Returns up to 1 year are on 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 Below is the key information for SBI Dynamic Asset Allocation Fund Returns up to 1 year are on 1. SBI Debt Hybrid Fund
SBI Debt Hybrid Fund
Growth Launch Date 9 Apr 01 NAV (02 Sep 26) ₹76.6134 ↓ -0.12 (-0.16 %) Net Assets (Cr) ₹10,210 on 31 Jul 26 Category Hybrid - Hybrid Debt AMC SBI Funds Management Private Limited Rating ☆☆☆☆☆ Risk Moderate Expense Ratio 1.23 Sharpe Ratio -0.07 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 31 Aug 21 ₹10,000 31 Aug 22 ₹10,676 31 Aug 23 ₹11,799 31 Aug 24 ₹13,523 31 Aug 25 ₹14,120 31 Aug 26 ₹14,965 Returns for SBI Debt Hybrid Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Sep 26 Duration Returns 1 Month 0.1% 3 Month 2% 6 Month 3% 1 Year 5.3% 3 Year 8.1% 5 Year 8.2% 10 Year 15 Year Since launch 8.3% 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 Saurabh Pant 1 Jan 22 4.67 Yr. Mansi Sajeja 30 Jun 21 5.17 Yr. Data below for SBI Debt Hybrid Fund as on 31 Jul 26
Asset Allocation
Asset Class Value Cash 5.17% Equity 24.15% Debt 70.38% Other 0.29% Equity Sector Allocation
Sector Value Financial Services 6.31% Basic Materials 5.4% Industrials 3.97% Health Care 3.3% Consumer Defensive 1.95% Consumer Cyclical 1.94% Energy 1.17% Technology 0.11% Debt Sector Allocation
Sector Value Corporate 60.59% Government 11.79% Cash Equivalent 3.17% Credit Quality
Rating Value A 2.52% AA 43.11% AAA 54.37% Top Securities Holdings / Portfolio
Name Holding Value Quantity National Bank For Agriculture And Rural Development
Debentures | -3% ₹323 Cr 32,500
↑ 32,500 Sundaram Finance Limited
Debentures | -3% ₹300 Cr 30,000 Adani Power Limited
Debentures | -3% ₹299 Cr 30,000 Jtpm Metal TRaders Limited
Debentures | -3% ₹297 Cr 27,500 Torrent Power Limited
Debentures | -2% ₹253 Cr 25,000 The Tata Power Company Limited
Debentures | -2% ₹250 Cr 25,000 Jsw Jfe Kalinga Steel Limited
Debentures | -2% ₹234 Cr 22,500 Aditya Birla Renewables Limited
Debentures | -2% ₹226 Cr 22,500 LIC Housing Finance Ltd
Debentures | -2% ₹225 Cr 22,500 Rec Limited
Debentures | -2% ₹225 Cr 22,500 2. SBI Multi Asset Allocation Fund
SBI Multi Asset Allocation Fund
Growth Launch Date 21 Dec 05 NAV (02 Sep 26) ₹66.8264 ↓ -0.14 (-0.20 %) Net Assets (Cr) ₹20,240 on 31 Jul 26 Category Hybrid - Multi Asset AMC SBI Funds Management Private Limited Rating ☆☆☆☆ Risk Moderate Expense Ratio 1.46 Sharpe Ratio 0.63 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 31 Aug 21 ₹10,000 31 Aug 22 ₹10,559 31 Aug 23 ₹12,175 31 Aug 24 ₹15,332 31 Aug 25 ₹16,168 31 Aug 26 ₹18,476 Returns for SBI Multi Asset Allocation Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Sep 26 Duration Returns 1 Month 0.2% 3 Month 0.9% 6 Month -0.6% 1 Year 12.2% 3 Year 14.4% 5 Year 12.7% 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 Dinesh Balachandran 31 Oct 21 4.75 Yr. Mansi Sajeja 1 Dec 23 2.67 Yr. Vandna Soni 1 Jan 24 2.58 Yr. Data below for SBI Multi Asset Allocation Fund as on 31 Jul 26
Asset Allocation
Asset Class Value Cash 6.72% Equity 50.58% Debt 32.36% Other 10.33% Equity Sector Allocation
Sector Value Financial Services 14.24% Consumer Cyclical 5.51% Health Care 4.8% Real Estate 4.52% Utility 4.31% Industrials 3.74% Energy 3.62% Basic Materials 3.32% Consumer Defensive 2.86% Technology 1.94% Communication Services 1.71% Debt Sector Allocation
Sector Value Corporate 26.86% Government 6.22% Cash Equivalent 6.01% Credit Quality
Rating Value A 2.74% AA 53.23% AAA 44.04% Top Securities Holdings / Portfolio
Name Holding Value Quantity SBI Gold ETF
- | -7% ₹1,389 Cr 107,591,000 SBI Silver ETF
- | -4% ₹791 Cr 34,896,178 Brookfield India Real Estate Trust (Real Estate)
-, Since 30 Apr 25 | 5432613% ₹523 Cr 15,164,234 GAIL (India) Ltd (Utilities)
Equity, Since 31 Mar 21 | 5321552% ₹408 Cr 23,350,297 Delhivery Ltd (Industrials)
Equity, Since 15 Apr 26 | 5435292% ₹397 Cr 8,638,573 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 22 | HDFCBANK2% ₹383 Cr 5,262,000 6.94% Govt Stock 2036
Sovereign Bonds | -2% ₹380 Cr 37,500,000 Mahindra & Mahindra Financial Services Ltd (Financial Services)
Equity, Since 15 Oct 25 | M&MFIN2% ₹360 Cr 9,232,926 Bandhan Bank Ltd (Financial Services)
Equity, Since 30 Sep 24 | 5411532% ₹358 Cr 20,500,000 Biocon Ltd (Healthcare)
Equity, Since 30 Nov 24 | 5325232% ₹330 Cr 7,920,476 3. SBI Equity Hybrid Fund
SBI Equity Hybrid Fund
Growth Launch Date 19 Jan 05 NAV (02 Sep 26) ₹316.753 ↑ 0.18 (0.06 %) Net Assets (Cr) ₹88,036 on 31 Jul 26 Category Hybrid - Hybrid Equity AMC SBI Funds Management Private Limited Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.4 Sharpe Ratio 0.09 Information Ratio 0.88 Alpha Ratio 2.74 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 31 Aug 21 ₹10,000 31 Aug 22 ₹10,382 31 Aug 23 ₹11,172 31 Aug 24 ₹14,214 31 Aug 25 ₹14,870 31 Aug 26 ₹16,020 Returns for SBI Equity Hybrid Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Sep 26 Duration Returns 1 Month -0.4% 3 Month 2.7% 6 Month 5% 1 Year 6.5% 3 Year 12.4% 5 Year 9.7% 10 Year 15 Year Since launch 14.4% 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 R. Srinivasan 1 Jan 12 14.59 Yr. Rajeev Radhakrishnan 1 Dec 23 2.67 Yr. Data below for SBI Equity Hybrid Fund as on 31 Jul 26
Asset Allocation
Asset Class Value Cash 2.74% Equity 74.87% Debt 22.39% Equity Sector Allocation
Sector Value Financial Services 19.11% Basic Materials 8.52% Utility 8.47% Industrials 7.12% Consumer Cyclical 7.03% Energy 6.14% Technology 5.48% Health Care 4.44% Consumer Defensive 3.6% Communication Services 3.04% Real Estate 1.91% Debt Sector Allocation
Sector Value Corporate 14.77% Government 7.62% Cash Equivalent 2.73% Credit Quality
Rating Value A 5.65% AA 39.53% AAA 52.73% Top Securities Holdings / Portfolio
Name Holding Value Quantity 6.94% Govt Stock 2036
Sovereign Bonds | -5% ₹4,051 Cr 402,000,000
↑ 102,000,000 ICICI Bank Ltd (Financial Services)
Equity, Since 28 Feb 17 | ICICIBANK4% ₹3,876 Cr 27,000,000 State Bank of India (Financial Services)
Equity, Since 28 Feb 14 | SBIN4% ₹3,390 Cr 33,000,000 Adani Energy Solutions Ltd (Utilities)
Equity, Since 31 Aug 25 | ADANIENSOL4% ₹3,320 Cr 20,174,466 Solar Industries India Ltd (Basic Materials)
Equity, Since 31 Jul 16 | SOLARINDS4% ₹3,292 Cr 1,790,000 Adani Power Ltd (Utilities)
Equity, Since 30 Sep 25 | 5330963% ₹2,747 Cr 130,000,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Apr 24 | KOTAKBANK3% ₹2,732 Cr 70,000,000 Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Sep 16 | 5000343% ₹2,625 Cr 23,000,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 17 | BHARTIARTL3% ₹2,564 Cr 13,000,000 MRF Ltd (Consumer Cyclical)
Equity, Since 31 May 18 | 5002903% ₹2,257 Cr 170,000 4. SBI Arbitrage Opportunities Fund
SBI Arbitrage Opportunities Fund
Growth Launch Date 3 Nov 06 NAV (02 Sep 26) ₹36.1958 ↓ -0.06 (-0.18 %) Net Assets (Cr) ₹46,803 on 31 Jul 26 Category Hybrid - Arbitrage AMC SBI Funds Management Private Limited Rating ☆☆ Risk Moderately Low Expense Ratio 0.95 Sharpe Ratio 0.46 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 31 Aug 21 ₹10,000 31 Aug 22 ₹10,384 31 Aug 23 ₹11,124 31 Aug 24 ₹11,969 31 Aug 25 ₹12,784 31 Aug 26 ₹13,540 Returns for SBI Arbitrage Opportunities Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Sep 26 Duration Returns 1 Month 0.5% 3 Month 1.8% 6 Month 2.9% 1 Year 6% 3 Year 6.8% 5 Year 6.3% 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 Neeraj Kumar 5 Oct 12 13.91 Yr. Ardhendu Bhattacharya 27 Dec 24 1.68 Yr. Data below for SBI Arbitrage Opportunities Fund as on 31 Jul 26
Asset Allocation
Asset Class Value Cash 90.16% Equity 2.05% Debt 7.79% Other 0.05% Equity Sector Allocation
Sector Value Financial Services 2.22% Consumer Defensive 0.99% Communication Services 0.64% Consumer Cyclical 0.61% Energy 0.45% Basic Materials 0.45% Real Estate 0.1% Debt Sector Allocation
Sector Value Cash Equivalent 78.77% Corporate 15.23% Government 3.9% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity SBI Savings Dir Gr
Investment Fund | -13% ₹5,879 Cr 1,234,606,835 Future on HDFC Bank Ltd
Derivatives | -5% -₹2,140 Cr 28,407,600
↓ -3,430,050 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 22 | HDFCBANK5% ₹2,125 Cr 28,407,600
↓ -3,430,050 Future on Reliance Industries Ltd
Derivatives | -4% -₹1,707 Cr 13,007,000
↑ 1,129,500 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 21 | RELIANCE4% ₹1,701 Cr 13,007,000
↑ 1,129,500 Future on State Bank of India
Derivatives | -3% -₹1,552 Cr 15,012,000
↑ 1,034,250 State Bank of India (Financial Services)
Equity, Since 31 May 23 | SBIN3% ₹1,542 Cr 15,012,000
↑ 1,034,250 SBI Low Duration Dir Gr
Investment Fund | -3% ₹1,292 Cr 3,329,932 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 21 | ICICIBANK3% ₹1,284 Cr 8,946,000
↓ -5,166,700 SBI Liquid Dir Gr
Investment Fund | -3% ₹1,282 Cr 2,908,677
↓ -2,505,630 5. 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 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 Returns for SBI Dynamic Asset Allocation Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Sep 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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Research Highlights for SBI Debt Hybrid Fund