Best Performing Balanced Mutual Funds In Last 5 Years 2026

Updated on February 16, 2026 , 2797 views

Top Balanced Fund are Mutual Funds that invest more than 65% of their assets in equities and the remaining assets in debt instruments to yield good overall returns. Balanced Mutual Funds are beneficial for investors who are willing to take a market risk while looking for some fixed returns as well. The assets invested in equities and stocks offer market-linked returns while the assets invested in debt instruments offer fixed returns. Being a combination of both Equity and Debt, investors should be very careful when Investing in these funds.

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Fund Selection Methodology used to find 6 funds

Category: Hybrid
Minimum fund age: 5 years
Sorted On : 5-year return (high to low)
Tags: fcpro
No Of Funds: 6

Top 6 Balanced Mutual Funds by 5 Year Returns

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
ICICI Prudential Multi-Asset Fund Growth	₹823.201 ↑ 0.61	₹78,179	2	9.4	17.2	19.7	19.8	18.6
ICICI Prudential Equity and Debt Fund Growth	₹411.62 ↑ 0.78	₹49,641	0.5	4.4	15.7	19.3	19	13.3
BOI AXA Mid and Small Cap Equity and Debt Fund Growth	₹38.52 ↑ 0.22	₹1,349	0.8	2.1	16.6	19	18.5	-0.9
HDFC Balanced Advantage Fund Growth	₹535.326 ↑ 1.63	₹108,205	0.1	3.9	12.4	18.1	16.9	7.2
JM Equity Hybrid Fund Growth	₹118.844 ↑ 0.48	₹785	-2.6	0.1	7.3	17.7	14.9	-3.1
SBI Multi Asset Allocation Fund Growth	₹66.9273 ↑ 0.12	₹13,033	5.3	13	23.2	20.1	14.8	18.6
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 17 Feb 26

Research Highlights & Commentary of 6 Funds showcased

Commentary	ICICI Prudential Multi-Asset Fund	ICICI Prudential Equity and Debt Fund	BOI AXA Mid and Small Cap Equity and Debt Fund	HDFC Balanced Advantage Fund	JM Equity Hybrid Fund	SBI Multi Asset Allocation Fund
Point 1	Upper mid AUM (₹78,179 Cr).	Upper mid AUM (₹49,641 Cr).	Bottom quartile AUM (₹1,349 Cr).	Highest AUM (₹108,205 Cr).	Bottom quartile AUM (₹785 Cr).	Lower mid AUM (₹13,033 Cr).
Point 2	Established history (23+ yrs).	Established history (26+ yrs).	Established history (9+ yrs).	Established history (25+ yrs).	Oldest track record among peers (30 yrs).	Established history (20+ yrs).
Point 3	Rating: 2★ (lower mid).	Top rated.	Not Rated.	Rating: 4★ (upper mid).	Rating: 1★ (bottom quartile).	Rating: 4★ (upper mid).
Point 4	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderate.
Point 5	5Y return: 19.81% (top quartile).	5Y return: 18.97% (upper mid).	5Y return: 18.45% (upper mid).	5Y return: 16.89% (lower mid).	5Y return: 14.91% (bottom quartile).	5Y return: 14.77% (bottom quartile).
Point 6	3Y return: 19.66% (upper mid).	3Y return: 19.30% (upper mid).	3Y return: 19.05% (lower mid).	3Y return: 18.11% (bottom quartile).	3Y return: 17.68% (bottom quartile).	3Y return: 20.06% (top quartile).
Point 7	1Y return: 17.22% (upper mid).	1Y return: 15.67% (lower mid).	1Y return: 16.62% (upper mid).	1Y return: 12.44% (bottom quartile).	1Y return: 7.28% (bottom quartile).	1Y return: 23.16% (top quartile).
Point 8	1M return: 0.67% (bottom quartile).	1M return: 1.08% (upper mid).	1M return: 1.96% (top quartile).	1M return: 0.88% (lower mid).	1M return: -0.11% (bottom quartile).	1M return: 1.02% (upper mid).
Point 9	Alpha: 0.00 (upper mid).	Alpha: 4.49 (top quartile).	Alpha: 0.00 (upper mid).	Alpha: 0.00 (lower mid).	Alpha: -11.83 (bottom quartile).	Alpha: 0.00 (bottom quartile).
Point 10	Sharpe: 1.86 (top quartile).	Sharpe: 0.83 (upper mid).	Sharpe: -0.29 (bottom quartile).	Sharpe: 0.16 (lower mid).	Sharpe: -0.65 (bottom quartile).	Sharpe: 1.60 (upper mid).

ICICI Prudential Multi-Asset Fund

Upper mid AUM (₹78,179 Cr).
Established history (23+ yrs).
Rating: 2★ (lower mid).
Risk profile: Moderately High.
5Y return: 19.81% (top quartile).
3Y return: 19.66% (upper mid).
1Y return: 17.22% (upper mid).
1M return: 0.67% (bottom quartile).
Alpha: 0.00 (upper mid).
Sharpe: 1.86 (top quartile).

ICICI Prudential Equity and Debt Fund

Upper mid AUM (₹49,641 Cr).
Established history (26+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 18.97% (upper mid).
3Y return: 19.30% (upper mid).
1Y return: 15.67% (lower mid).
1M return: 1.08% (upper mid).
Alpha: 4.49 (top quartile).
Sharpe: 0.83 (upper mid).

BOI AXA Mid and Small Cap Equity and Debt Fund

Bottom quartile AUM (₹1,349 Cr).
Established history (9+ yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 18.45% (upper mid).
3Y return: 19.05% (lower mid).
1Y return: 16.62% (upper mid).
1M return: 1.96% (top quartile).
Alpha: 0.00 (upper mid).
Sharpe: -0.29 (bottom quartile).

HDFC Balanced Advantage Fund

Highest AUM (₹108,205 Cr).
Established history (25+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderately High.
5Y return: 16.89% (lower mid).
3Y return: 18.11% (bottom quartile).
1Y return: 12.44% (bottom quartile).
1M return: 0.88% (lower mid).
Alpha: 0.00 (lower mid).
Sharpe: 0.16 (lower mid).

JM Equity Hybrid Fund

Bottom quartile AUM (₹785 Cr).
Oldest track record among peers (30 yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 14.91% (bottom quartile).
3Y return: 17.68% (bottom quartile).
1Y return: 7.28% (bottom quartile).
1M return: -0.11% (bottom quartile).
Alpha: -11.83 (bottom quartile).
Sharpe: -0.65 (bottom quartile).

SBI Multi Asset Allocation Fund

Lower mid AUM (₹13,033 Cr).
Established history (20+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderate.
5Y return: 14.77% (bottom quartile).
3Y return: 20.06% (top quartile).
1Y return: 23.16% (top quartile).
1M return: 1.02% (upper mid).
Alpha: 0.00 (bottom quartile).
Sharpe: 1.60 (upper mid).

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.

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

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Market analysts tracking performance, macro trends, and sectors.
Data specialists processing NAVs, allocations, and risk metrics from Morning Star.

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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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Top 6 Balanced Advantage Mutual Funds

1. ICICI Prudential Multi-Asset Fund

(Erstwhile ICICI Prudential Dynamic Plan)

To generate capital appreciation by actively investing in equity and equity related securities. For defensive considerations, the Scheme may invest in debt, money market instruments and derivatives. The investment manager will have the discretion to take aggressive asset calls i.e. by staying 100% invested in equity market/equity related instruments at a given point of time and 0% at another, in which case, the fund may be invested in debt related instruments at its discretion. The AMC may choose to churn the portfolio of the Scheme in order to achieve the investment objective. The Scheme is suitable for investors seeking high returns and for those who are willing to take commensurate risks.

Research Highlights for ICICI Prudential Multi-Asset Fund

Upper mid AUM (₹78,179 Cr).
Established history (23+ yrs).
Rating: 2★ (lower mid).
Risk profile: Moderately High.
5Y return: 19.81% (top quartile).
3Y return: 19.66% (upper mid).
1Y return: 17.22% (upper mid).
1M return: 0.67% (bottom quartile).
Alpha: 0.00 (upper mid).
Sharpe: 1.86 (top quartile).
Information ratio: 0.00 (upper mid).
Top sector: Financial Services.
Higher exposure to Cash Equivalent (bond sector) vs peer median.
High-quality debt (AAA/AA ~99%).
Largest holding ICICI Pru Gold ETF (~9.1%).

Below is the key information for ICICI Prudential Multi-Asset Fund

ICICI Prudential Multi-Asset Fund Growth
Launch Date	31 Oct 02
NAV (17 Feb 26)	₹823.201 ↑ 0.61 (0.07 %)
Net Assets (Cr)	₹78,179 on 31 Dec 25
Category	Hybrid - Multi Asset
AMC	ICICI Prudential Asset Management Company Limited
Rating	☆☆
Risk	Moderately High
Expense Ratio	1.47
Sharpe Ratio	1.86
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	100
Exit Load	0-1 Years (1%),1 Years and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
31 Jan 21	₹10,000
31 Jan 22	₹14,181
31 Jan 23	₹15,831
31 Jan 24	₹20,109
31 Jan 25	₹23,330
31 Jan 26	₹27,072

ICICI Prudential Multi-Asset Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹493,520.
Net Profit of ₹193,520 Invest Now

Returns for ICICI Prudential Multi-Asset Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 17 Feb 26

Duration	Returns
1 Month	0.7%
3 Month	2%
6 Month	9.4%
1 Year	17.2%
3 Year	19.7%
5 Year	19.8%
10 Year
15 Year
Since launch	20.8%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	18.6%
2023	16.1%
2022	24.1%
2021	16.8%
2020	34.7%
2019	9.9%
2018	7.7%
2017	-2.2%
2016	28.2%
2015	12.5%

Fund Manager information for ICICI Prudential Multi-Asset Fund

Name	Since	Tenure
Sankaran Naren	1 Feb 12	14.01 Yr.
Manish Banthia	22 Jan 24	2.03 Yr.
Ihab Dalwai	3 Jun 17	8.67 Yr.
Akhil Kakkar	22 Jan 24	2.03 Yr.
Sri Sharma	30 Apr 21	4.76 Yr.
Gaurav Chikane	2 Aug 21	4.5 Yr.
Sharmila D'Silva	31 Jul 22	3.51 Yr.
Masoomi Jhurmarvala	4 Nov 24	1.24 Yr.

Data below for ICICI Prudential Multi-Asset Fund as on 31 Dec 25

Asset Allocation

Asset Class	Value
Cash	17.14%
Equity	64.5%
Debt	8.61%
Other	9.75%

Equity Sector Allocation

Sector	Value
Financial Services	21.64%
Consumer Cyclical	11.89%
Consumer Defensive	6.97%
Industrials	6.24%
Technology	5.51%
Basic Materials	5.43%
Energy	4.1%
Health Care	3.53%
Utility	2.33%
Communication Services	1.97%
Real Estate	1.93%

Debt Sector Allocation

Sector	Value
Cash Equivalent	15.9%
Corporate	5.03%
Government	4.81%

Credit Quality

Rating	Value
A	1.28%
AA	17.26%
AAA	81.46%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Pru Gold ETF - \| -	9%	₹7,375 Cr	528,202,636 ↑ 38,731,754
ICICI Bank Ltd (Financial Services) Equity, Since 31 May 06 \| ICICIBANK	4%	₹3,153 Cr	23,271,875
HDFC Bank Ltd (Financial Services) Equity, Since 31 Jan 22 \| HDFCBANK	4%	₹2,932 Cr	31,556,280 ↑ 8,362,197
Axis Bank Ltd (Financial Services) Equity, Since 31 Dec 20 \| AXISBANK	3%	₹2,292 Cr	16,726,017 ↓ -950,000
ITC Ltd (Consumer Defensive) Equity, Since 31 Mar 24 \| ITC	3%	₹2,208 Cr	68,525,718 ↑ 19,307,692
Reliance Industries Ltd (Energy) Equity, Since 31 Dec 20 \| RELIANCE	3%	₹2,142 Cr	15,349,805
Infosys Ltd (Technology) Equity, Since 31 Oct 19 \| INFY	2%	₹1,842 Cr	11,225,639 ↓ -188,000
InterGlobe Aviation Ltd (Industrials) Equity, Since 28 Feb 23 \| INDIGO	2%	₹1,705 Cr	3,709,974 ↑ 1,141,295
Bajaj Finserv Ltd (Financial Services) Equity, Since 31 Jan 24 \| BAJAJFINSV	2%	₹1,580 Cr	8,094,127 ↑ 2,792,657
Maruti Suzuki India Ltd (Consumer Cyclical) Equity, Since 31 Aug 21 \| MARUTI	2%	₹1,487 Cr	1,018,654 ↑ 100,000

2. ICICI Prudential Equity and Debt Fund

(Erstwhile ICICI Prudential Balanced Fund)

To generate long term capital appreciation and current income from a portfolio that is invested in equity and equity related securities as well as in fixed income securities.

Research Highlights for ICICI Prudential Equity and Debt Fund

Upper mid AUM (₹49,641 Cr).
Established history (26+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 18.97% (upper mid).
3Y return: 19.30% (upper mid).
1Y return: 15.67% (lower mid).
1M return: 1.08% (upper mid).
Alpha: 4.49 (top quartile).
Sharpe: 0.83 (upper mid).
Information ratio: 1.94 (top quartile).
Top sector: Financial Services.
Top bond sector: Government.
Equity-heavy allocation (~77%).
High-quality debt (AAA/AA ~98%).
Largest holding ICICI Bank Ltd (~6.2%).

Below is the key information for ICICI Prudential Equity and Debt Fund

ICICI Prudential Equity and Debt Fund Growth
Launch Date	3 Nov 99
NAV (18 Feb 26)	₹411.62 ↑ 0.78 (0.19 %)
Net Assets (Cr)	₹49,641 on 31 Dec 25
Category	Hybrid - Hybrid Equity
AMC	ICICI Prudential Asset Management Company Limited
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	1.6
Sharpe Ratio	0.83
Information Ratio	1.94
Alpha Ratio	4.49
Min Investment	5,000
Min SIP Investment	100
Exit Load	0-1 Years (1%),1 Years and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
31 Jan 21	₹10,000
31 Jan 22	₹14,720
31 Jan 23	₹15,731
31 Jan 24	₹20,942
31 Jan 25	₹23,632
31 Jan 26	₹26,355

ICICI Prudential Equity and Debt Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹481,656.
Net Profit of ₹181,656 Invest Now

Returns for ICICI Prudential Equity and Debt Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 17 Feb 26

Duration	Returns
1 Month	1.1%
3 Month	0.5%
6 Month	4.4%
1 Year	15.7%
3 Year	19.3%
5 Year	19%
10 Year
15 Year
Since launch	15.2%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	13.3%
2023	17.2%
2022	28.2%
2021	11.7%
2020	41.7%
2019	9%
2018	9.3%
2017	-1.9%
2016	24.8%
2015	13.7%

Fund Manager information for ICICI Prudential Equity and Debt Fund

Name	Since	Tenure
Sankaran Naren	7 Dec 15	10.16 Yr.
Manish Banthia	19 Sep 13	12.38 Yr.
Mittul Kalawadia	29 Dec 20	5.1 Yr.
Akhil Kakkar	22 Jan 24	2.03 Yr.
Sri Sharma	30 Apr 21	4.76 Yr.
Sharmila D'Silva	31 Jul 22	3.51 Yr.
Nitya Mishra	4 Nov 24	1.24 Yr.

Data below for ICICI Prudential Equity and Debt Fund as on 31 Dec 25

Asset Allocation

Asset Class	Value
Cash	6.36%
Equity	76.7%
Debt	16.9%
Other	0%

Equity Sector Allocation

Sector	Value
Financial Services	19.7%
Consumer Cyclical	11.2%
Energy	7.7%
Industrials	7.23%
Consumer Defensive	6.67%
Health Care	6.43%
Utility	5.97%
Technology	3.91%
Real Estate	3.01%
Basic Materials	2.64%
Communication Services	2.28%

Debt Sector Allocation

Sector	Value
Government	10.1%
Corporate	8.8%
Cash Equivalent	4.4%

Credit Quality

Rating	Value
A	1.7%
AA	19.74%
AAA	78.57%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Bank Ltd (Financial Services) Equity, Since 31 Jul 12 \| ICICIBANK	6%	₹3,075 Cr	22,692,140 ↓ -270,713
NTPC Ltd (Utilities) Equity, Since 28 Feb 17 \| NTPC	5%	₹2,663 Cr	74,795,559 ↓ -1,565,210
Reliance Industries Ltd (Energy) Equity, Since 30 Jun 22 \| RELIANCE	5%	₹2,643 Cr	18,943,909 ↑ 400,000
HDFC Bank Ltd (Financial Services) Equity, Since 30 Apr 21 \| HDFCBANK	5%	₹2,382 Cr	25,630,965 ↑ 3,908,272
Sun Pharmaceuticals Industries Ltd (Healthcare) Equity, Since 31 May 16 \| SUNPHARMA	5%	₹2,262 Cr	14,178,073 ↑ 616,988
Axis Bank Ltd (Financial Services) Equity, Since 31 Mar 21 \| AXISBANK	3%	₹1,570 Cr	11,459,322
TVS Motor Co Ltd (Consumer Cyclical) Equity, Since 28 Feb 18 \| TVSMOTOR	3%	₹1,464 Cr	3,981,427 ↓ -30,966
Avenue Supermarts Ltd (Consumer Defensive) Equity, Since 31 Jan 23 \| DMART	2%	₹1,187 Cr	3,218,463
InterGlobe Aviation Ltd (Industrials) Equity, Since 28 Feb 23 \| INDIGO	2%	₹1,166 Cr	2,535,996 ↑ 76,418
Maruti Suzuki India Ltd (Consumer Cyclical) Equity, Since 31 Jul 21 \| MARUTI	2%	₹1,132 Cr	775,315 ↓ -14,852

3. BOI AXA Mid and Small Cap Equity and Debt Fund

(Erstwhile BOI AXA Mid Cap Equity And Debt Fund)

The scheme's objective is to provide capital appreciation and income distribution to investors from a portfolio constituting of mid cap equity and equity related securities as well as fixed income securities.However there can be no assurance that the investment objectives of the Scheme will be realized

Research Highlights for BOI AXA Mid and Small Cap Equity and Debt Fund

Bottom quartile AUM (₹1,349 Cr).
Established history (9+ yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 18.45% (upper mid).
3Y return: 19.05% (lower mid).
1Y return: 16.62% (upper mid).
1M return: 1.96% (top quartile).
Alpha: 0.00 (upper mid).
Sharpe: -0.29 (bottom quartile).
Information ratio: 0.00 (lower mid).
Higher exposure to Basic Materials vs peer median.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~72%).
High-quality debt (AAA/AA ~100%).
Largest holding Hindustan Copper Ltd (~3.7%).

Below is the key information for BOI AXA Mid and Small Cap Equity and Debt Fund

BOI AXA Mid and Small Cap Equity and Debt Fund Growth
Launch Date	20 Jul 16
NAV (18 Feb 26)	₹38.52 ↑ 0.22 (0.57 %)
Net Assets (Cr)	₹1,349 on 31 Dec 25
Category	Hybrid - Hybrid Equity
AMC	BOI AXA Investment Mngrs Private Ltd
Rating	Not Rated
Risk	Moderately High
Expense Ratio	2.27
Sharpe Ratio	-0.29
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	1,000
Exit Load	0-1 Years (1%),1 Years and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
31 Jan 21	₹10,000
31 Jan 22	₹15,099
31 Jan 23	₹14,650
31 Jan 24	₹20,648
31 Jan 25	₹22,842
31 Jan 26	₹24,240

BOI AXA Mid and Small Cap Equity and Debt Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹481,656.
Net Profit of ₹181,656 Invest Now

Returns for BOI AXA Mid and Small Cap Equity and Debt Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 17 Feb 26

Duration	Returns
1 Month	2%
3 Month	0.8%
6 Month	2.1%
1 Year	16.6%
3 Year	19%
5 Year	18.5%
10 Year
15 Year
Since launch	15.1%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	-0.9%
2023	25.8%
2022	33.7%
2021	-4.8%
2020	54.5%
2019	31.1%
2018	-4.7%
2017	-14.2%
2016	47.1%
2015

Fund Manager information for BOI AXA Mid and Small Cap Equity and Debt Fund

Name	Since	Tenure
Alok Singh	16 Feb 17	8.96 Yr.

Data below for BOI AXA Mid and Small Cap Equity and Debt Fund as on 31 Dec 25

Asset Allocation

Asset Class	Value
Cash	14.93%
Equity	71.7%
Debt	13.38%

Equity Sector Allocation

Sector	Value
Basic Materials	16.1%
Financial Services	15.09%
Industrials	13.85%
Health Care	9.77%
Consumer Cyclical	8.98%
Technology	3.72%
Consumer Defensive	2.75%
Utility	0.94%
Energy	0.47%
Real Estate	0.02%

Debt Sector Allocation

Sector	Value
Cash Equivalent	10.12%
Government	9.58%
Corporate	8.61%

Credit Quality

Rating	Value
AA	0.7%
AAA	99.3%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Hindustan Copper Ltd (Basic Materials) Equity, Since 31 Oct 24 \| HINDCOPPER	4%	₹49 Cr	708,412 ↓ -392,588
Indian Bank (Financial Services) Equity, Since 31 Aug 23 \| INDIANB	3%	₹46 Cr	505,000
Abbott India Ltd (Healthcare) Equity, Since 31 Jan 23 \| ABBOTINDIA	3%	₹36 Cr	13,000 ↑ 4,000
UNO Minda Ltd (Consumer Cyclical) Equity, Since 31 Jul 19 \| UNOMINDA	3%	₹35 Cr	294,000 ↓ -20,000
PB Fintech Ltd (Financial Services) Equity, Since 29 Feb 24 \| 543390	3%	₹33 Cr	202,000
Jindal Stainless Ltd (Basic Materials) Equity, Since 30 Sep 21 \| JSL	2%	₹33 Cr	400,000 ↓ -166,000
Bank of Maharashtra (Financial Services) Equity, Since 31 May 24 \| MAHABANK	2%	₹30 Cr	4,641,000
Housing & Urban Development Corp Ltd (Financial Services) Equity, Since 31 May 24 \| 540530	2%	₹30 Cr	1,580,000
Glenmark Pharmaceuticals Ltd (Healthcare) Equity, Since 31 Jul 25 \| GLENMARK	2%	₹30 Cr	150,000
Bharat Dynamics Ltd Ordinary Shares (Industrials) Equity, Since 31 Jul 24 \| BDL	2%	₹30 Cr	196,000

4. HDFC Balanced Advantage Fund

(Erstwhile HDFC Growth Fund and HDFC Prudence Fund)

Aims to generate long term capital appreciation from a portfolio that is invested predominantly in equity and equity related instruments.

Research Highlights for HDFC Balanced Advantage Fund

Highest AUM (₹108,205 Cr).
Established history (25+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderately High.
5Y return: 16.89% (lower mid).
3Y return: 18.11% (bottom quartile).
1Y return: 12.44% (bottom quartile).
1M return: 0.88% (lower mid).
Alpha: 0.00 (lower mid).
Sharpe: 0.16 (lower mid).
Information ratio: 0.00 (bottom quartile).
Top sector: Financial Services.
Top bond sector: Corporate.
Equity-heavy allocation (~70%).
High-quality debt (AAA/AA ~100%).
Largest holding HDFC Bank Ltd (~4.5%).

Below is the key information for HDFC Balanced Advantage Fund

HDFC Balanced Advantage Fund Growth
Launch Date	11 Sep 00
NAV (18 Feb 26)	₹535.326 ↑ 1.63 (0.30 %)
Net Assets (Cr)	₹108,205 on 31 Dec 25
Category	Hybrid - Dynamic Allocation
AMC	HDFC Asset Management Company Limited
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	1.36
Sharpe Ratio	0.16
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	300
Exit Load	0-1 Years (1%),1 Years and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
31 Jan 21	₹10,000
31 Jan 22	₹13,218
31 Jan 23	₹14,923
31 Jan 24	₹20,498
31 Jan 25	₹22,567
31 Jan 26	₹24,283

HDFC Balanced Advantage Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹458,689.
Net Profit of ₹158,689 Invest Now

Returns for HDFC Balanced Advantage Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 17 Feb 26

Duration	Returns
1 Month	0.9%
3 Month	0.1%
6 Month	3.9%
1 Year	12.4%
3 Year	18.1%
5 Year	16.9%
10 Year
15 Year
Since launch	17.9%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	7.2%
2023	16.7%
2022	31.3%
2021	18.8%
2020	26.4%
2019	7.6%
2018	6.9%
2017	-3.1%
2016	27.9%
2015	9.4%

Fund Manager information for HDFC Balanced Advantage Fund

Name	Since	Tenure
Anil Bamboli	29 Jul 22	3.51 Yr.
Gopal Agrawal	29 Jul 22	3.51 Yr.
Arun Agarwal	6 Oct 22	3.33 Yr.
Srinivasan Ramamurthy	29 Jul 22	3.51 Yr.
Dhruv Muchhal	22 Jun 23	2.62 Yr.
Nandita Menezes	29 Mar 25	0.85 Yr.

Data below for HDFC Balanced Advantage Fund as on 31 Dec 25

Asset Allocation

Asset Class	Value
Cash	5.6%
Equity	69.51%
Debt	24.9%

Equity Sector Allocation

Sector	Value
Financial Services	22.73%
Industrials	7.81%
Energy	7.42%
Consumer Cyclical	7.05%
Technology	6.71%
Health Care	4.24%
Utility	4.18%
Communication Services	3.14%
Basic Materials	2.2%
Consumer Defensive	2.2%
Real Estate	1.81%

Debt Sector Allocation

Sector	Value
Corporate	12.72%
Government	12.48%
Cash Equivalent	5.29%

Credit Quality

Rating	Value
AA	0.92%
AAA	99.08%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 31 Mar 22 \| HDFCBANK	4%	₹4,785 Cr	51,490,502 ↓ -6,318,200
ICICI Bank Ltd (Financial Services) Equity, Since 31 Oct 09 \| ICICIBANK	4%	₹4,369 Cr	32,244,463 ↓ -2,519,300
Reliance Industries Ltd (Energy) Equity, Since 31 Dec 21 \| RELIANCE	4%	₹3,917 Cr	28,071,742 ↑ 99,000
State Bank of India (Financial Services) Equity, Since 31 May 07 \| SBIN	4%	₹3,770 Cr	35,000,000
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Aug 20 \| BHARTIARTL	3%	₹2,987 Cr	15,172,037 ↓ -1,582,317
Axis Bank Ltd (Financial Services) Equity, Since 31 Aug 17 \| AXISBANK	3%	₹2,717 Cr	19,825,582 ↓ -1,875
Infosys Ltd (Technology) Equity, Since 31 Oct 09 \| INFY	2%	₹2,669 Cr	16,266,004
Larsen & Toubro Ltd (Industrials) Equity, Since 30 Jun 12 \| LT	2%	₹2,587 Cr	6,579,083
NTPC Ltd (Utilities) Equity, Since 31 Aug 16 \| NTPC	2%	₹2,261 Cr	63,500,000 ↓ -3,437,415
7.18% Gs 2033 Sovereign Bonds \| -	2%	₹2,243 Cr	218,533,300

5. JM Equity Hybrid Fund

(Erstwhile JM Balanced Fund)

To provide steady current income as well as long term growth of capital.

Research Highlights for JM Equity Hybrid Fund

Bottom quartile AUM (₹785 Cr).
Oldest track record among peers (30 yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 14.91% (bottom quartile).
3Y return: 17.68% (bottom quartile).
1Y return: 7.28% (bottom quartile).
1M return: -0.11% (bottom quartile).
Alpha: -11.83 (bottom quartile).
Sharpe: -0.65 (bottom quartile).
Information ratio: 0.64 (upper mid).
Higher exposure to Financial Services vs peer median.
Higher exposure to Corporate (bond sector) vs peer median.
Equity-heavy allocation (~73%).
High-quality debt (AAA/AA ~100%).
Largest holding Ujjivan Small Finance Bank Ltd Ordinary Shares (~4.7%).

Below is the key information for JM Equity Hybrid Fund

JM Equity Hybrid Fund Growth
Launch Date	1 Apr 95
NAV (18 Feb 26)	₹118.844 ↑ 0.48 (0.40 %)
Net Assets (Cr)	₹785 on 31 Dec 25
Category	Hybrid - Hybrid Equity
AMC	JM Financial Asset Management Limited
Rating	☆
Risk	Moderately High
Expense Ratio	2.3
Sharpe Ratio	-0.65
Information Ratio	0.64
Alpha Ratio	-11.83
Min Investment	5,000
Min SIP Investment	500
Exit Load	0-60 Days (1%),60 Days and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
31 Jan 21	₹10,000
31 Jan 22	₹12,731
31 Jan 23	₹13,411
31 Jan 24	₹19,573
31 Jan 25	₹21,726
31 Jan 26	₹22,012

JM Equity Hybrid Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹436,710.
Net Profit of ₹136,710 Invest Now

Returns for JM 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 17 Feb 26

Duration	Returns
1 Month	-0.1%
3 Month	-2.6%
6 Month	0.1%
1 Year	7.3%
3 Year	17.7%
5 Year	14.9%
10 Year
15 Year
Since launch	12.2%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	-3.1%
2023	27%
2022	33.8%
2021	8.1%
2020	22.9%
2019	30.5%
2018	-8.1%
2017	1.7%
2016	18.5%
2015	3%

Fund Manager information for JM Equity Hybrid Fund

Name	Since	Tenure
Satish Ramanathan	1 Oct 24	1.33 Yr.
Asit Bhandarkar	31 Dec 21	4.09 Yr.
Ruchi Fozdar	4 Oct 24	1.33 Yr.
Deepak Gupta	11 Apr 25	0.81 Yr.

Data below for JM Equity Hybrid Fund as on 31 Dec 25

Asset Allocation

Asset Class	Value
Cash	8.79%
Equity	72.79%
Debt	18.42%

Equity Sector Allocation

Sector	Value
Financial Services	25.96%
Technology	12.56%
Industrials	10.21%
Consumer Cyclical	9.98%
Health Care	4.26%
Communication Services	3.8%
Basic Materials	3.64%
Consumer Defensive	2.36%
Real Estate	0.03%

Debt Sector Allocation

Sector	Value
Corporate	15.78%
Government	9.02%
Cash Equivalent	2.4%

Credit Quality

Rating	Value
AA	9.56%
AAA	90.44%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Ujjivan Small Finance Bank Ltd Ordinary Shares (Financial Services) Equity, Since 31 Jan 25 \| UJJIVANSFB	5%	₹36 Cr	5,474,365 ↓ -500,000
Multi Commodity Exchange of India Ltd (Financial Services) Equity, Since 31 May 25 \| MCX	5%	₹35 Cr	139,380
HDFC Bank Ltd (Financial Services) Equity, Since 30 Jun 24 \| HDFCBANK	4%	₹33 Cr	350,000
Larsen & Toubro Ltd (Industrials) Equity, Since 31 May 21 \| LT	4%	₹31 Cr	78,000
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Oct 24 \| BHARTIARTL	4%	₹29 Cr	145,246
Bajaj Finance Ltd (Financial Services) Equity, Since 31 Jan 25 \| BAJFINANCE	4%	₹27 Cr	285,040
6.48% Gs 2035 Sovereign Bonds \| -	3%	₹20 Cr	2,075,000 ↓ -200,000
Tech Mahindra Ltd (Technology) Equity, Since 31 Dec 23 \| TECHM	3%	₹20 Cr	113,000
Coforge Ltd (Technology) Equity, Since 31 May 25 \| COFORGE	3%	₹19 Cr	116,000 ↓ -9,000
Vedanta Ltd (Basic Materials) Equity, Since 31 Mar 25 \| VEDL	3%	₹19 Cr	280,000

6. 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 (₹13,033 Cr).
Established history (20+ yrs).
Rating: 4★ (upper mid).
Risk profile: Moderate.
5Y return: 14.77% (bottom quartile).
3Y return: 20.06% (top quartile).
1Y return: 23.16% (top quartile).
1M return: 1.02% (upper mid).
Alpha: 0.00 (bottom quartile).
Sharpe: 1.60 (upper mid).
Information ratio: 0.00 (bottom quartile).
Top sector: Financial Services.
Higher exposure to Corporate (bond sector) vs peer median.
High-quality debt (AAA/AA ~98%).
Largest holding SBI Silver ETF (~6.2%).

Below is the key information for SBI Multi Asset Allocation Fund

SBI Multi Asset Allocation Fund Growth
Launch Date	21 Dec 05
NAV (18 Feb 26)	₹66.9273 ↑ 0.12 (0.17 %)
Net Assets (Cr)	₹13,033 on 31 Dec 25
Category	Hybrid - Multi Asset
AMC	SBI Funds Management Private Limited
Rating	☆☆☆☆
Risk	Moderate
Expense Ratio	1.46
Sharpe Ratio	1.6
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
31 Jan 21	₹10,000
31 Jan 22	₹11,431
31 Jan 23	₹11,977
31 Jan 24	₹15,246
31 Jan 25	₹16,963
31 Jan 26	₹20,613

SBI Multi Asset Allocation Fund SIP 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 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 17 Feb 26

Duration	Returns
1 Month	1%
3 Month	5.3%
6 Month	13%
1 Year	23.2%
3 Year	20.1%
5 Year	14.8%
10 Year
15 Year
Since launch	9.9%

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	4.26 Yr.
Mansi Sajeja	1 Dec 23	2.17 Yr.
Vandna Soni	1 Jan 24	2.09 Yr.

Data below for SBI Multi Asset Allocation Fund as on 31 Dec 25

Asset Allocation

Asset Class	Value
Cash	14.55%
Equity	46.65%
Debt	29.4%
Other	9.4%

Equity Sector Allocation

Sector	Value
Financial Services	12.84%
Real Estate	5.6%
Basic Materials	5.35%
Consumer Cyclical	4.86%
Energy	4.05%
Technology	3.18%
Consumer Defensive	2.54%
Utility	2.11%
Industrials	1.84%
Communication Services	1.75%
Health Care	1.67%

Debt Sector Allocation

Sector	Value
Corporate	25.73%
Cash Equivalent	13.22%
Government	5.01%

Credit Quality

Rating	Value
A	2.03%
AA	55.85%
AAA	42.12%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
SBI Silver ETF - \| -	6%	₹920 Cr	32,296,178 ↓ -8,000,000
Brookfield India Real Estate Trust (Real Estate) -, Since 30 Apr 25 \| BIRET	4%	₹535 Cr	15,164,234
SBI Gold ETF - \| -	3%	₹508 Cr	37,241,000
Adani Power Limited Debentures \| -	2%	₹299 Cr	30,000 ↑ 30,000
Punjab National Bank (Financial Services) Equity, Since 31 Oct 24 \| PNB	2%	₹263 Cr	21,000,000
Jtpm Metal TRaders Limited Debentures \| -	2%	₹258 Cr	25,000
HDFC Bank Ltd (Financial Services) Equity, Since 30 Nov 22 \| HDFCBANK	2%	₹247 Cr	2,662,000
Union Bank of India Domestic Bonds \| -	2%	₹244 Cr	5,000 ↑ 5,000
GAIL (India) Ltd (Utilities) Equity, Since 31 Mar 21 \| GAIL	2%	₹240 Cr	14,350,297
Reliance Industries Ltd (Energy) Equity, Since 15 Sep 24 \| RELIANCE	2%	₹240 Cr	1,720,000

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.