+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 (%) 2024 (%) SBI Debt Hybrid Fund Growth ₹73.4082
↓ -0.39 ₹9,686 -0.8 0.2 5.9 9.6 9 6.7 SBI Multi Asset Allocation Fund Growth ₹63.7865
↓ -1.01 ₹16,367 -1.8 4.5 16.6 17.7 14.2 18.6 SBI Equity Hybrid Fund Growth ₹288.466
↑ 0.52 ₹82,318 -7 -5.4 4.2 13.9 10.9 12.3 SBI Arbitrage Opportunities Fund Growth ₹35.2592
↓ 0.00 ₹44,393 1.6 3.1 6.4 7.1 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 20 Mar 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 (₹9,686 Cr). Lower mid AUM (₹16,367 Cr). Highest AUM (₹82,318 Cr). Upper mid AUM (₹44,393 Cr). Bottom quartile AUM (₹655 Cr). Point 2 Oldest track record among peers (24 yrs). Established history (20+ yrs). Established history (21+ yrs). Established history (19+ yrs). Established history (10+ 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: 9.00% (lower mid). 5Y return: 14.18% (top quartile). 5Y return: 10.88% (upper mid). 5Y return: 6.15% (bottom quartile). 5Y return: 8.31% (bottom quartile). Point 6 3Y return: 9.58% (lower mid). 3Y return: 17.69% (top quartile). 3Y return: 13.85% (upper mid). 3Y return: 7.14% (bottom quartile). 3Y return: 6.92% (bottom quartile). Point 7 1Y return: 5.86% (bottom quartile). 1Y return: 16.65% (upper mid). 1Y return: 4.21% (bottom quartile). 1Y return: 6.36% (lower mid). 1Y return: 25.12% (top quartile). Point 8 1M return: -1.70% (lower mid). 1M return: -4.92% (bottom quartile). 1M return: -6.07% (bottom quartile). 1M return: 0.45% (upper mid). 1M return: 1.04% (top quartile). Point 9 Alpha: 0.00 (top quartile). Alpha: 0.00 (upper mid). Alpha: -0.34 (bottom quartile). Alpha: 0.00 (lower mid). Alpha: 0.00 (bottom quartile). Point 10 Sharpe: 1.04 (bottom quartile). Sharpe: 3.60 (top quartile). Sharpe: 0.95 (bottom quartile). Sharpe: 1.76 (lower mid). Sharpe: 2.59 (upper mid). 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 (20 Mar 26) ₹73.4082 ↓ -0.39 (-0.52 %) Net Assets (Cr) ₹9,686 on 15 Mar 26 Category Hybrid - Hybrid Debt AMC SBI Funds Management Private Limited Rating ☆☆☆☆☆ Risk Moderate Expense Ratio 1.23 Sharpe Ratio 1.04 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 28 Feb 21 ₹10,000 28 Feb 22 ₹11,084 28 Feb 23 ₹11,693 29 Feb 24 ₹13,455 28 Feb 25 ₹14,289 28 Feb 26 ₹15,660 Returns for SBI Debt Hybrid Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 20 Mar 26 Duration Returns 1 Month -1.7% 3 Month -0.8% 6 Month 0.2% 1 Year 5.9% 3 Year 9.6% 5 Year 9% 10 Year 15 Year Since launch 8.3% Historical performance (Yearly) on absolute basis
Year Returns 2024 6.7% 2023 11% 2022 12.2% 2021 4.5% 2020 14.1% 2019 13.5% 2018 8.1% 2017 -0.2% 2016 8.5% 2015 12.5% Fund Manager information for SBI Debt Hybrid Fund
Name Since Tenure Saurabh Pant 1 Jan 22 4.16 Yr. Mansi Sajeja 30 Jun 21 4.67 Yr. Milind Agrawal 1 Aug 25 0.58 Yr. Data below for SBI Debt Hybrid Fund as on 15 Mar 26
Asset Allocation
Asset Class Value Cash 8.2% Equity 22.69% Debt 68.82% Other 0.29% Equity Sector Allocation
Sector Value Basic Materials 5.27% Financial Services 5% Industrials 3.88% Consumer Defensive 2.79% Consumer Cyclical 2.36% Health Care 2.09% Energy 1.3% Debt Sector Allocation
Sector Value Corporate 57.77% Government 11.05% Cash Equivalent 8.2% Credit Quality
Rating Value A 2.68% AA 49.9% AAA 47.43% Top Securities Holdings / Portfolio
Name Holding Value Quantity TATA Power Renewable Energy Limited
Debentures | -3% ₹307 Cr 30,000 Aditya Birla Renewables Limited
Debentures | -3% ₹302 Cr 30,000 Infopark Properties Limited
Debentures | -3% ₹300 Cr 30,000 Adani Power Limited
Debentures | -3% ₹299 Cr 30,000 6.48% Gs 2035
Sovereign Bonds | -3% ₹296 Cr 30,000,000
↑ 30,000,000 Jtpm Metal TRaders Limited
Debentures | -3% ₹261 Cr 25,000 Bajaj Finance Limited
Debentures | -3% ₹253 Cr 25,000 LIC Housing Finance Ltd
Debentures | -2% ₹226 Cr 22,500 Cholamandalam Investment And Finance Company Limited
Debentures | -2% ₹204 Cr 20,000 Small Industries Development Bank of India
Debentures | -2% ₹200 Cr 20,000 2. SBI Multi Asset Allocation Fund
SBI Multi Asset Allocation Fund
Growth Launch Date 21 Dec 05 NAV (20 Mar 26) ₹63.7865 ↓ -1.01 (-1.56 %) Net Assets (Cr) ₹16,367 on 28 Feb 26 Category Hybrid - Multi Asset AMC SBI Funds Management Private Limited Rating ☆☆☆☆ Risk Moderate Expense Ratio 1.46 Sharpe Ratio 3.6 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 28 Feb 21 ₹10,000 28 Feb 22 ₹11,210 28 Feb 23 ₹11,646 29 Feb 24 ₹14,987 28 Feb 25 ₹16,142 28 Feb 26 ₹20,311 Returns for SBI Multi Asset Allocation Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 20 Mar 26 Duration Returns 1 Month -4.9% 3 Month -1.8% 6 Month 4.5% 1 Year 16.6% 3 Year 17.7% 5 Year 14.2% 10 Year 15 Year Since launch 9.6% Historical performance (Yearly) on absolute basis
Year Returns 2024 18.6% 2023 12.8% 2022 24.4% 2021 6% 2020 13% 2019 14.2% 2018 10.6% 2017 0.4% 2016 10.9% 2015 8.7% Fund Manager information for SBI Multi Asset Allocation Fund
Name Since Tenure Dinesh Balachandran 31 Oct 21 4.33 Yr. Mansi Sajeja 1 Dec 23 2.25 Yr. Vandna Soni 1 Jan 24 2.16 Yr. Data below for SBI Multi Asset Allocation Fund as on 28 Feb 26
Asset Allocation
Asset Class Value Cash 12.26% Equity 45.54% Debt 31.72% Other 10.48% Equity Sector Allocation
Sector Value Financial Services 13.13% Real Estate 5.35% Energy 5.31% Basic Materials 4.6% Consumer Cyclical 4.56% Utility 3.02% Technology 2.35% Consumer Defensive 2.34% Industrials 1.67% Communication Services 1.62% Health Care 1.6% Debt Sector Allocation
Sector Value Corporate 26.23% Cash Equivalent 10% Government 7.75% Credit Quality
Rating Value A 3.13% AA 45.6% AAA 51.27% Top Securities Holdings / Portfolio
Name Holding Value Quantity SBI Gold ETF
- | -6% ₹904 Cr 66,591,000
↑ 29,350,000 SBI Silver ETF
- | -5% ₹836 Cr 32,296,178 Brookfield India Real Estate Trust (Real Estate)
-, Since 30 Apr 25 | BIRET3% ₹560 Cr 15,164,234 6.48% Gs 2035
Sovereign Bonds | -3% ₹493 Cr 50,000,000
↑ 50,000,000 GAIL (India) Ltd (Utilities)
Equity, Since 31 Mar 21 | GAIL2% ₹396 Cr 23,350,297
↑ 1,916,287 Bandhan Bank Ltd (Financial Services)
Equity, Since 30 Sep 24 | BANDHANBNK2% ₹373 Cr 20,500,000
↑ 9,000,000 Oil & Natural Gas Corp Ltd (Energy)
Equity, Since 15 Apr 24 | ONGC2% ₹322 Cr 11,500,000 Adani Power Limited
Debentures | -2% ₹299 Cr 30,000 Punjab National Bank (Financial Services)
Equity, Since 31 Oct 24 | PNB2% ₹272 Cr 21,000,000 The Federal Bank Ltd (Financial Services)
Equity, Since 15 Jul 25 | FEDERALBNK2% ₹270 Cr 9,000,000
↑ 2,500,000 3. SBI Equity Hybrid Fund
SBI Equity Hybrid Fund
Growth Launch Date 19 Jan 05 NAV (20 Mar 26) ₹288.466 ↑ 0.52 (0.18 %) Net Assets (Cr) ₹82,318 on 28 Feb 26 Category Hybrid - Hybrid Equity AMC SBI Funds Management Private Limited Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.4 Sharpe Ratio 0.95 Information Ratio 0.59 Alpha Ratio -0.34 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 28 Feb 21 ₹10,000 28 Feb 22 ₹11,558 28 Feb 23 ₹11,519 29 Feb 24 ₹14,271 28 Feb 25 ₹15,428 28 Feb 26 ₹17,741 Returns for SBI Equity Hybrid Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 20 Mar 26 Duration Returns 1 Month -6.1% 3 Month -7% 6 Month -5.4% 1 Year 4.2% 3 Year 13.9% 5 Year 10.9% 10 Year 15 Year Since launch 14.3% Historical performance (Yearly) on absolute basis
Year Returns 2024 12.3% 2023 14.2% 2022 16.4% 2021 2.3% 2020 23.6% 2019 12.9% 2018 13.5% 2017 -0.1% 2016 27.7% 2015 3.7% Fund Manager information for SBI Equity Hybrid Fund
Name Since Tenure R. Srinivasan 1 Jan 12 14.17 Yr. Rajeev Radhakrishnan 1 Dec 23 2.25 Yr. Mansi Sajeja 1 Dec 23 2.25 Yr. Pradeep Kesavan 1 Dec 23 2.25 Yr. Data below for SBI Equity Hybrid Fund as on 28 Feb 26
Asset Allocation
Asset Class Value Cash 7.76% Equity 74.02% Debt 18.22% Equity Sector Allocation
Sector Value Financial Services 20.64% Basic Materials 9.86% Industrials 9.29% Consumer Cyclical 7.54% Utility 7.23% Health Care 4.96% Energy 3.93% Communication Services 3.63% Technology 3.17% Consumer Defensive 2.95% Real Estate 0.83% Debt Sector Allocation
Sector Value Corporate 13.24% Cash Equivalent 7.67% Government 5.07% Credit Quality
Rating Value A 5.9% AA 38.09% AAA 53.6% Top Securities Holdings / Portfolio
Name Holding Value Quantity State Bank of India (Financial Services)
Equity, Since 28 Feb 14 | SBIN5% ₹3,966 Cr 33,000,000 6.48% Gs 2035
Sovereign Bonds | -4% ₹3,524 Cr 357,000,000
↓ -61,000,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 17 | BHARTIARTL4% ₹2,988 Cr 15,900,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Apr 24 | KOTAKBANK4% ₹2,906 Cr 70,000,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 May 11 | HDFCBANK3% ₹2,663 Cr 30,000,000
↓ -3,000,000 ICICI Bank Ltd (Financial Services)
Equity, Since 28 Feb 17 | ICICIBANK3% ₹2,620 Cr 19,000,000 Solar Industries India Ltd (Basic Materials)
Equity, Since 31 Jul 16 | SOLARINDS3% ₹2,417 Cr 1,790,000 MRF Ltd (Consumer Cyclical)
Equity, Since 31 May 18 | MRF3% ₹2,397 Cr 170,000 Muthoot Finance Ltd (Financial Services)
Equity, Since 28 Feb 22 | MUTHOOTFIN3% ₹2,347 Cr 7,000,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 20 | LT3% ₹2,205 Cr 5,153,000 4. SBI Arbitrage Opportunities Fund
SBI Arbitrage Opportunities Fund
Growth Launch Date 3 Nov 06 NAV (20 Mar 26) ₹35.2592 ↓ 0.00 (0.00 %) Net Assets (Cr) ₹44,393 on 28 Feb 26 Category Hybrid - Arbitrage AMC SBI Funds Management Private Limited Rating ☆☆ Risk Moderately Low Expense Ratio 0.95 Sharpe Ratio 1.76 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 28 Feb 21 ₹10,000 28 Feb 22 ₹10,449 28 Feb 23 ₹10,960 29 Feb 24 ₹11,802 28 Feb 25 ₹12,656 28 Feb 26 ₹13,467 Returns for SBI Arbitrage Opportunities Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 20 Mar 26 Duration Returns 1 Month 0.4% 3 Month 1.6% 6 Month 3.1% 1 Year 6.4% 3 Year 7.1% 5 Year 6.2% 10 Year 15 Year Since launch 6.7% Historical performance (Yearly) on absolute basis
Year Returns 2024 6.5% 2023 7.5% 2022 7.4% 2021 4.6% 2020 4% 2019 3.5% 2018 6% 2017 6.2% 2016 5.3% 2015 6.4% Fund Manager information for SBI Arbitrage Opportunities Fund
Name Since Tenure Neeraj Kumar 5 Oct 12 13.41 Yr. Ardhendu Bhattacharya 27 Dec 24 1.17 Yr. Data below for SBI Arbitrage Opportunities Fund as on 28 Feb 26
Asset Allocation
Asset Class Value Cash 92.99% Debt 7.64% Other 0.05% Equity Sector Allocation
Sector Value Financial Services 24.97% Basic Materials 9.2% Industrials 7.99% Consumer Cyclical 5.83% Energy 5.04% Health Care 4.27% Communication Services 3.68% Consumer Defensive 3.6% Technology 3.09% Utility 2.58% Real Estate 1.09% Debt Sector Allocation
Sector Value Cash Equivalent 85.31% Corporate 13.48% Government 1.85% Credit Quality
Rating Value AA 1.39% AAA 98.61% Top Securities Holdings / Portfolio
Name Holding Value Quantity SBI Savings Dir Gr
Investment Fund | -8% ₹3,369 Cr 726,722,883 SBI Liquid Dir Gr
Investment Fund | -7% ₹2,924 Cr 6,824,454
↑ 1,167,672 Future on HDFC Bank Ltd
Derivatives | -6% -₹2,683 Cr 30,002,500
↑ 30,002,500 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 22 | HDFCBANK6% ₹2,663 Cr 30,002,500
↑ 3,997,400 Future on ICICI Bank Ltd
Derivatives | -4% -₹1,822 Cr 13,137,600
↑ 13,137,600 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 21 | ICICIBANK4% ₹1,812 Cr 13,137,600
↓ -295,400 SBI Low Duration Dir Gr
Investment Fund | -2% ₹1,099 Cr 2,904,125 Future on Reliance Industries Ltd
Derivatives | -2% -₹899 Cr 6,403,000
↑ 6,403,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 21 | RELIANCE2% ₹893 Cr 6,403,000
↓ -180,000 Future on Axis Bank Ltd
Derivatives | -2% -₹763 Cr 5,484,375
↑ 5,484,375 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 28 Feb 21 ₹10,000 Returns for SBI Dynamic Asset Allocation Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 20 Mar 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 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 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