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 Top 5 Best Balanced Funds by SBI Mutual Fund 2024 | Fincash

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5 Best Balanced Funds by SBI Mutual Fund 2024

Updated on March 1, 2024 , 23087 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 fund, which allows investors to enjoy the Capital growth as well as earn fixed returns at regular intervals.

sbi-mutual-funds

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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Best SBI Balanced Mutual Funds

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2023 (%)
SBI Debt Hybrid Fund Growth ₹64.3199
↑ 0.14
₹9,4824.45.915.110.410.812.2
SBI Multi Asset Allocation Fund Growth ₹49.8284
↑ 0.23
₹3,6275.511.828.714.413.724.4
SBI Equity Hybrid Fund Growth ₹246.925
↑ 1.99
₹65,0106.210.423.912.614.216.4
SBI Arbitrage Opportunities Fund Growth ₹30.8117
↑ 0.02
₹26,63023.77.75.75.27.4
SBI Dynamic Asset Allocation Fund Growth ₹15.9463
↑ 0.03
₹6553.96.225.16.98.3
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 1 Mar 24

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.

SBI Debt Hybrid Fund is a Hybrid - Hybrid Debt fund was launched on 9 Apr 01. It is a fund with Moderate risk and has given a CAGR/Annualized return of 8.4% since its launch.  Ranked 5 in Hybrid Debt category.  Return for 2023 was 12.2% , 2022 was 4.5% and 2021 was 14.1% .

Below is the key information for SBI Debt Hybrid Fund

SBI Debt Hybrid Fund
Growth
Launch Date 9 Apr 01
NAV (01 Mar 24) ₹64.3199 ↑ 0.14   (0.21 %)
Net Assets (Cr) ₹9,482 on 31 Jan 24
Category Hybrid - Hybrid Debt
AMC SBI Funds Management Private Limited
Rating
Risk Moderate
Expense Ratio 1.11
Sharpe Ratio 2.13
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.

DateValue
28 Feb 19₹10,000
29 Feb 20₹10,871
28 Feb 21₹12,438
28 Feb 22₹13,787
28 Feb 23₹14,544
29 Feb 24₹16,735

SBI Debt 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 ₹395,578.
Net Profit of ₹95,578
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 1 Mar 24

DurationReturns
1 Month 1%
3 Month 4.4%
6 Month 5.9%
1 Year 15.1%
3 Year 10.4%
5 Year 10.8%
10 Year
15 Year
Since launch 8.4%
Historical performance (Yearly) on absolute basis
YearReturns
2023 12.2%
2022 4.5%
2021 14.1%
2020 13.5%
2019 8.1%
2018 -0.2%
2017 8.5%
2016 12.5%
2015 8.2%
2014 18%
Fund Manager information for SBI Debt Hybrid Fund
NameSinceTenure
Saurabh Pant1 Jan 222.08 Yr.
Mansi Sajeja30 Jun 212.59 Yr.
Mohit Jain1 Jan 204.09 Yr.

Data below for SBI Debt Hybrid Fund as on 31 Jan 24

Asset Allocation
Asset ClassValue
Cash12.12%
Equity24.14%
Debt63.49%
Other0.25%
Equity Sector Allocation
SectorValue
Financial Services6.39%
Industrials6.24%
Consumer Cyclical3.35%
Consumer Defensive3.04%
Basic Materials1.78%
Technology1.57%
Health Care0.66%
Communication Services0.55%
Energy0.55%
Debt Sector Allocation
SectorValue
Corporate32.54%
Government31.76%
Cash Equivalent11.32%
Credit Quality
RatingValue
AA26.77%
AAA73.23%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.18% Govt Stock 2033
Sovereign Bonds | -
9%₹877 Cr87,500,000
↓ -12,500,000
7.3% Govt Stock 2053
Sovereign Bonds | -
5%₹497 Cr50,000,000
07.76 MH Sgs 2030
Sovereign Bonds | -
2%₹202 Cr20,000,000
Tata Communications Limited
Debentures | -
2%₹199 Cr20,000
Godrej Properties Limited
Debentures | -
2%₹198 Cr20,000
Small Industries Development Bank Of India
Debentures | -
2%₹188 Cr19,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK
2%₹184 Cr1,820,000
National Bank For Agriculture And Rural Development
Debentures | -
2%₹179 Cr18,000
Mahanagar Telephone Nigam Limited.
Debentures | -
2%₹151 Cr1,500
Mahindra Rural Housing Finance Limited
Debentures | -
2%₹149 Cr15,000

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.

SBI Multi Asset Allocation Fund is a Hybrid - Multi Asset fund was launched on 21 Dec 05. It is a fund with Moderate risk and has given a CAGR/Annualized return of 9.2% since its launch.  Ranked 11 in Multi Asset category.  Return for 2023 was 24.4% , 2022 was 6% and 2021 was 13% .

Below is the key information for SBI Multi Asset Allocation Fund

SBI Multi Asset Allocation Fund
Growth
Launch Date 21 Dec 05
NAV (01 Mar 24) ₹49.8284 ↑ 0.23   (0.47 %)
Net Assets (Cr) ₹3,627 on 31 Jan 24
Category Hybrid - Multi Asset
AMC SBI Funds Management Private Limited
Rating
Risk Moderate
Expense Ratio 1.8
Sharpe Ratio 2.76
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.

DateValue
28 Feb 19₹10,000
29 Feb 20₹10,899
28 Feb 21₹12,654
28 Feb 22₹14,184
28 Feb 23₹14,736
29 Feb 24₹18,963

SBI Multi Asset Allocation Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual 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 1 Mar 24

DurationReturns
1 Month 0.2%
3 Month 5.5%
6 Month 11.8%
1 Year 28.7%
3 Year 14.4%
5 Year 13.7%
10 Year
15 Year
Since launch 9.2%
Historical performance (Yearly) on absolute basis
YearReturns
2023 24.4%
2022 6%
2021 13%
2020 14.2%
2019 10.6%
2018 0.4%
2017 10.9%
2016 8.7%
2015 9.9%
2014 17.3%
Fund Manager information for SBI Multi Asset Allocation Fund
NameSinceTenure
Dinesh Balachandran31 Oct 212.25 Yr.
Mansi Sajeja1 Dec 230.17 Yr.
Pradeep Kesavan1 Dec 230.17 Yr.
Vandna Soni1 Jan 240.08 Yr.

Data below for SBI Multi Asset Allocation Fund as on 31 Jan 24

Asset Allocation
Asset ClassValue
Cash16.9%
Equity42.63%
Debt28.72%
Other10.85%
Equity Sector Allocation
SectorValue
Financial Services12.05%
Technology7.15%
Industrials3.59%
Health Care3.58%
Basic Materials3.56%
Utility3.31%
Real Estate3.26%
Consumer Defensive2.78%
Consumer Cyclical2.5%
Communication Services0.84%
Debt Sector Allocation
SectorValue
Corporate19.49%
Cash Equivalent13.8%
Government10.31%
Securitized2.92%
Credit Quality
RatingValue
AA40.64%
AAA54.01%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
SBI Gold ETF
- | -
11%₹379 Cr69,216,000
Embassy Office Parks Reit
Unlisted bonds | -
3%₹100 Cr2,900,000
↑ 153,464
7.3% Govt Stock 2053
Sovereign Bonds | -
3%₹99 Cr10,000,000
↓ -2,500,000
Tata Projects Limited
Debentures | -
2%₹85 Cr8,500
Tata Technologies Ltd (Technology)
Equity, Since 30 Nov 23 | 544028
2%₹83 Cr711,574
7.18% Govt Stock 2033
Sovereign Bonds | -
2%₹75 Cr7,500,000
↑ 2,500,000
Muthoot Finance Ltd.
Debentures | -
2%₹75 Cr7,500
Godrej Industries Limited
Debentures | -
2%₹75 Cr7,500
Wipro Ltd (Technology)
Equity, Since 15 Jan 24 | 507685
2%₹74 Cr1,500,000
↑ 1,500,000
GAIL (India) Ltd (Utilities)
Equity, Since 31 Mar 21 | 532155
2%₹72 Cr4,350,297

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.

SBI Equity Hybrid Fund is a Hybrid - Hybrid Equity fund was launched on 19 Jan 05. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 14.9% since its launch.  Ranked 10 in Hybrid Equity category.  Return for 2023 was 16.4% , 2022 was 2.3% and 2021 was 23.6% .

Below is the key information for SBI Equity Hybrid Fund

SBI Equity Hybrid Fund
Growth
Launch Date 19 Jan 05
NAV (01 Mar 24) ₹246.925 ↑ 1.99   (0.81 %)
Net Assets (Cr) ₹65,010 on 31 Jan 24
Category Hybrid - Hybrid Equity
AMC SBI Funds Management Private Limited
Rating
Risk Moderately High
Expense Ratio 1.5
Sharpe Ratio 1.62
Information Ratio -0.11
Alpha Ratio -0.45
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.

DateValue
28 Feb 19₹10,000
29 Feb 20₹11,447
28 Feb 21₹13,617
28 Feb 22₹15,738
28 Feb 23₹15,686
29 Feb 24₹19,434

SBI 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 ₹436,710.
Net Profit of ₹136,710
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 1 Mar 24

DurationReturns
1 Month 0.3%
3 Month 6.2%
6 Month 10.4%
1 Year 23.9%
3 Year 12.6%
5 Year 14.2%
10 Year
15 Year
Since launch 14.9%
Historical performance (Yearly) on absolute basis
YearReturns
2023 16.4%
2022 2.3%
2021 23.6%
2020 12.9%
2019 13.5%
2018 -0.1%
2017 27.7%
2016 3.7%
2015 7.4%
2014 43.2%
Fund Manager information for SBI Equity Hybrid Fund
NameSinceTenure
R. Srinivasan1 Jan 1212.09 Yr.
Rajeev Radhakrishnan1 Dec 230.17 Yr.
Mansi Sajeja1 Dec 230.17 Yr.
Pradeep Kesavan1 Dec 230.17 Yr.

Data below for SBI Equity Hybrid Fund as on 31 Jan 24

Asset Allocation
Asset ClassValue
Cash1.82%
Equity77.54%
Debt20.64%
Equity Sector Allocation
SectorValue
Financial Services26.17%
Industrials9.94%
Basic Materials9.14%
Consumer Cyclical8.31%
Health Care6.33%
Communication Services5.31%
Technology5.05%
Consumer Defensive4.09%
Energy2.82%
Utility0.39%
Debt Sector Allocation
SectorValue
Government13.73%
Corporate6.2%
Cash Equivalent1.81%
Securitized0.73%
Credit Quality
RatingValue
AA15.19%
AAA84.81%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 28 Feb 17 | ICICIBANK
7%₹4,385 Cr44,000,000
↑ 6,000,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 May 11 | HDFCBANK
6%₹3,589 Cr21,000,000
↓ -2,000,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 17 | BHARTIARTL
5%₹3,406 Cr33,000,000
Infosys Ltd (Technology)
Equity, Since 31 Dec 17 | INFY
5%₹3,240 Cr21,000,000
State Bank of India (Financial Services)
Equity, Since 28 Feb 14 | SBIN
4%₹2,825 Cr44,000,000
MRF Ltd (Consumer Cyclical)
Equity, Since 31 May 18 | MRF
4%₹2,721 Cr210,000
Divi's Laboratories Ltd (Healthcare)
Equity, Since 30 Apr 16 | DIVISLAB
4%₹2,694 Cr6,900,000
Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Sep 16 | BAJFINANCE
4%₹2,576 Cr3,515,833
Shree Cement Ltd (Basic Materials)
Equity, Since 30 Sep 18 | SHREECEM
4%₹2,264 Cr790,000
InterGlobe Aviation Ltd (Industrials)
Equity, Since 31 Jan 22 | INDIGO
3%₹2,077 Cr7,000,000
↑ 2,600,000

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.

SBI Arbitrage Opportunities Fund is a Hybrid - Arbitrage fund was launched on 3 Nov 06. It is a fund with Moderately Low risk and has given a CAGR/Annualized return of 6.7% since its launch.  Ranked 15 in Arbitrage category.  Return for 2023 was 7.4% , 2022 was 4.6% and 2021 was 4% .

Below is the key information for SBI Arbitrage Opportunities Fund

SBI Arbitrage Opportunities Fund
Growth
Launch Date 3 Nov 06
NAV (01 Mar 24) ₹30.8117 ↑ 0.02   (0.05 %)
Net Assets (Cr) ₹26,630 on 31 Jan 24
Category Hybrid - Arbitrage
AMC SBI Funds Management Private Limited
Rating
Risk Moderately Low
Expense Ratio 0.82
Sharpe Ratio 1.91
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.

DateValue
28 Feb 19₹10,000
29 Feb 20₹10,664
28 Feb 21₹10,925
28 Feb 22₹11,416
28 Feb 23₹11,973
29 Feb 24₹12,894

SBI Arbitrage Opportunities 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 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 1 Mar 24

DurationReturns
1 Month 0.6%
3 Month 2%
6 Month 3.7%
1 Year 7.7%
3 Year 5.7%
5 Year 5.2%
10 Year
15 Year
Since launch 6.7%
Historical performance (Yearly) on absolute basis
YearReturns
2023 7.4%
2022 4.6%
2021 4%
2020 3.5%
2019 6%
2018 6.2%
2017 5.3%
2016 6.4%
2015 7.3%
2014 8.6%
Fund Manager information for SBI Arbitrage Opportunities Fund
NameSinceTenure
Neeraj Kumar5 Oct 1211.33 Yr.
Arun R.30 Jun 212.59 Yr.

Data below for SBI Arbitrage Opportunities Fund as on 31 Jan 24

Asset Allocation
Asset ClassValue
Cash97.92%
Debt2.63%
Other0.03%
Equity Sector Allocation
SectorValue
Financial Services20.99%
Basic Materials11.07%
Energy8.72%
Industrials8.4%
Utility5.69%
Consumer Cyclical4.64%
Health Care4%
Consumer Defensive3.68%
Technology3.46%
Communication Services3.2%
Real Estate0.93%
Debt Sector Allocation
SectorValue
Cash Equivalent93.39%
Corporate5.36%
Government1.8%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
SBI Savings Dir Gr
Investment Fund | -
8%₹1,922 Cr484,998,142
Future on Reliance Industries Ltd
Derivatives | -
6%-₹1,524 Cr5,855,500
↓ -197,750
Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 21 | RELIANCE
6%₹1,514 Cr5,855,500
↓ -197,750
Future on HDFC Bank Ltd
Derivatives | -
5%-₹1,287 Cr7,482,200
↓ -4,079,900
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 22 | HDFCBANK
5%₹1,279 Cr7,482,200
↓ -4,079,900
SBI Magnum Low Duration Dir Gr
Investment Fund | -
3%₹756 Cr2,338,487
Future on Adani Ports & Special Economic Zone Ltd
Derivatives | -
3%-₹645 Cr6,245,600
↑ 6,245,600
Adani Ports & Special Economic Zone Ltd (Industrials)
Equity, Since 30 Jun 18 | ADANIPORTS
3%₹640 Cr6,245,600
↓ -56,000
Future on Tata Motors Ltd
Derivatives | -
2%-₹498 Cr6,324,150
↑ 515,850
Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 Mar 22 | TATAMOTORS
2%₹493 Cr6,324,150
↑ 515,850

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.

SBI Dynamic Asset Allocation Fund is a Hybrid - Dynamic Allocation fund was launched on 26 Mar 15. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 7.7% since its launch. .

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.

DateValue
28 Feb 19₹10,000
29 Feb 20₹9,826
28 Feb 21₹11,655

SBI Dynamic Asset Allocation 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 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 1 Mar 24

DurationReturns
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
YearReturns
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Fund Manager information for SBI Dynamic Asset Allocation Fund
NameSinceTenure

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

Asset Allocation
Asset ClassValue
Equity Sector Allocation
SectorValue
Debt Sector Allocation
SectorValue
Credit Quality
RatingValue
Top Securities Holdings / Portfolio
NameHoldingValueQuantity

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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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