Best Performing Balanced Mutual Funds In Last 5 Years 2026

Updated on February 8, 2026 , 2790 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	₹827.626 ↑ 5.00	₹78,179	4.1	10.7	16.3	19.9	20.2	18.6
ICICI Prudential Equity and Debt Fund Growth	₹412.89 ↑ 1.64	₹49,641	1.9	7.1	14.3	19.6	19.6	13.3
BOI AXA Mid and Small Cap Equity and Debt Fund Growth	₹38.41 ↑ 0.01	₹1,349	0.7	3.4	8.5	18.8	18.7	-0.9
HDFC Balanced Advantage Fund Growth	₹535.405 ↑ 1.10	₹108,205	1.1	5.1	10.5	18.2	17.4	7.2
JM Equity Hybrid Fund Growth	₹119.441 ↑ 0.31	₹785	-1.8	1.9	3.1	18	15.1	-3.1
SBI Multi Asset Allocation Fund Growth	₹67.2963 ↑ 0.09	₹13,033	6.6	14.3	21.6	20.1	15.1	18.6
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 9 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: 20.17% (top quartile).	5Y return: 19.64% (upper mid).	5Y return: 18.71% (upper mid).	5Y return: 17.38% (lower mid).	5Y return: 15.10% (bottom quartile).	5Y return: 15.10% (bottom quartile).
Point 6	3Y return: 19.91% (upper mid).	3Y return: 19.63% (upper mid).	3Y return: 18.76% (lower mid).	3Y return: 18.19% (bottom quartile).	3Y return: 18.00% (bottom quartile).	3Y return: 20.09% (top quartile).
Point 7	1Y return: 16.34% (upper mid).	1Y return: 14.28% (upper mid).	1Y return: 8.50% (bottom quartile).	1Y return: 10.47% (lower mid).	1Y return: 3.15% (bottom quartile).	1Y return: 21.60% (top quartile).
Point 8	1M return: 1.67% (upper mid).	1M return: 1.39% (lower mid).	1M return: 1.56% (upper mid).	1M return: 1.03% (bottom quartile).	1M return: 1.05% (bottom quartile).	1M return: 3.37% (top quartile).
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: 20.17% (top quartile).
3Y return: 19.91% (upper mid).
1Y return: 16.34% (upper mid).
1M return: 1.67% (upper mid).
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: 19.64% (upper mid).
3Y return: 19.63% (upper mid).
1Y return: 14.28% (upper mid).
1M return: 1.39% (lower 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: 18.71% (upper mid).
3Y return: 18.76% (lower mid).
1Y return: 8.50% (bottom quartile).
1M return: 1.56% (upper mid).
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: 17.38% (lower mid).
3Y return: 18.19% (bottom quartile).
1Y return: 10.47% (lower mid).
1M return: 1.03% (bottom quartile).
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: 15.10% (bottom quartile).
3Y return: 18.00% (bottom quartile).
1Y return: 3.15% (bottom quartile).
1M return: 1.05% (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: 15.10% (bottom quartile).
3Y return: 20.09% (top quartile).
1Y return: 21.60% (top quartile).
1M return: 3.37% (top quartile).
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.

Who We Are

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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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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.

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: 20.17% (top quartile).
3Y return: 19.91% (upper mid).
1Y return: 16.34% (upper mid).
1M return: 1.67% (upper mid).
Alpha: 0.00 (upper mid).
Sharpe: 1.86 (top quartile).
Information ratio: 0.00 (upper mid).

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

ICICI Prudential Multi-Asset Fund Growth
Launch Date	31 Oct 02
NAV (09 Feb 26)	₹827.626 ↑ 5.00 (0.61 %)
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 ₹505,644.
Net Profit of ₹205,644 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 9 Feb 26

Duration	Returns
1 Month	1.7%
3 Month	4.1%
6 Month	10.7%
1 Year	16.3%
3 Year	19.9%
5 Year	20.2%
10 Year
15 Year
Since launch	20.9%

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	13.93 Yr.
Manish Banthia	22 Jan 24	1.94 Yr.
Ihab Dalwai	3 Jun 17	8.59 Yr.
Akhil Kakkar	22 Jan 24	1.94 Yr.
Sri Sharma	30 Apr 21	4.68 Yr.
Gaurav Chikane	2 Aug 21	4.42 Yr.
Sharmila D'Silva	31 Jul 22	3.42 Yr.
Masoomi Jhurmarvala	4 Nov 24	1.16 Yr.

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

Asset Allocation

Asset Class	Value
Cash	18.84%
Equity	64.99%
Debt	6.49%
Other	9.67%

Equity Sector Allocation

Sector	Value
Financial Services	21.15%
Consumer Cyclical	11.33%
Consumer Defensive	6.77%
Basic Materials	6.33%
Industrials	5.88%
Technology	5.88%
Energy	4.96%
Health Care	4.01%
Utility	2.25%
Communication Services	2.17%
Real Estate	1.58%

Debt Sector Allocation

Sector	Value
Cash Equivalent	15.41%
Corporate	5.02%
Government	4.91%

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 - \| -	7%	₹5,594 Cr	489,470,882 ↑ 177,210,000
ICICI Bank Ltd (Financial Services) Equity, Since 31 May 06 \| 532174	4%	₹3,125 Cr	23,271,875
Reliance Industries Ltd (Energy) Equity, Since 31 Dec 20 \| RELIANCE	3%	₹2,411 Cr	15,349,805
HDFC Bank Ltd (Financial Services) Equity, Since 31 Jan 22 \| HDFCBANK	3%	₹2,299 Cr	23,194,083
Axis Bank Ltd (Financial Services) Equity, Since 31 Dec 20 \| 532215	3%	₹2,244 Cr	17,676,017
ITC Ltd (Consumer Defensive) Equity, Since 31 Mar 24 \| ITC	3%	₹1,983 Cr	49,218,026 ↑ 19,913,362
Infosys Ltd (Technology) Equity, Since 31 Oct 19 \| INFY	2%	₹1,844 Cr	11,413,639 ↓ -861,234
Maruti Suzuki India Ltd (Consumer Cyclical) Equity, Since 31 Aug 21 \| MARUTI	2%	₹1,534 Cr	918,654 ↓ -99,000
SBI Cards and Payment Services Ltd Ordinary Shares (Financial Services) Equity, Since 30 Nov 22 \| 543066	2%	₹1,510 Cr	17,529,181 ↓ -54,400
Larsen & Toubro Ltd (Industrials) Equity, Since 30 Nov 19 \| LT	2%	₹1,409 Cr	3,450,617

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: 19.64% (upper mid).
3Y return: 19.63% (upper mid).
1Y return: 14.28% (upper mid).
1M return: 1.39% (lower mid).
Alpha: 4.49 (top quartile).
Sharpe: 0.83 (upper mid).
Information ratio: 1.94 (top quartile).

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 (10 Feb 26)	₹412.89 ↑ 1.64 (0.40 %)
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 ₹493,520.
Net Profit of ₹193,520 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 9 Feb 26

Duration	Returns
1 Month	1.4%
3 Month	1.9%
6 Month	7.1%
1 Year	14.3%
3 Year	19.6%
5 Year	19.6%
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	10.08 Yr.
Manish Banthia	19 Sep 13	12.29 Yr.
Mittul Kalawadia	29 Dec 20	5.01 Yr.
Akhil Kakkar	22 Jan 24	1.94 Yr.
Sri Sharma	30 Apr 21	4.68 Yr.
Sharmila D'Silva	31 Jul 22	3.42 Yr.
Nitya Mishra	4 Nov 24	1.16 Yr.

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

Asset Allocation

Asset Class	Value
Cash	11.56%
Equity	75.68%
Debt	12.73%
Other	0%

Equity Sector Allocation

Sector	Value
Financial Services	18.61%
Consumer Cyclical	11.39%
Energy	8.31%
Health Care	6.84%
Industrials	6.48%
Consumer Defensive	5.58%
Utility	5.46%
Technology	5.2%
Real Estate	2.96%
Basic Materials	2.63%
Communication Services	2.21%

Debt Sector Allocation

Sector	Value
Corporate	8.9%
Cash Equivalent	8.45%
Government	6.98%

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 \| 532174	6%	₹3,084 Cr	22,962,853
Reliance Industries Ltd (Energy) Equity, Since 30 Jun 22 \| RELIANCE	6%	₹2,912 Cr	18,543,909
NTPC Ltd (Utilities) Equity, Since 28 Feb 17 \| 532555	5%	₹2,516 Cr	76,360,769
Sun Pharmaceuticals Industries Ltd (Healthcare) Equity, Since 31 May 16 \| SUNPHARMA	5%	₹2,332 Cr	13,561,085 ↑ 84,115
HDFC Bank Ltd (Financial Services) Equity, Since 30 Apr 21 \| HDFCBANK	4%	₹2,153 Cr	21,722,693
TVS Motor Co Ltd (Consumer Cyclical) Equity, Since 28 Feb 18 \| 532343	3%	₹1,493 Cr	4,012,393
Axis Bank Ltd (Financial Services) Equity, Since 31 Mar 21 \| 532215	3%	₹1,455 Cr	11,459,322
Maruti Suzuki India Ltd (Consumer Cyclical) Equity, Since 31 Jul 21 \| MARUTI	3%	₹1,319 Cr	790,167 ↓ -52,000
InterGlobe Aviation Ltd (Industrials) Equity, Since 28 Feb 23 \| INDIGO	3%	₹1,244 Cr	2,459,578 ↑ 1,016,302
Avenue Supermarts Ltd (Consumer Defensive) Equity, Since 31 Jan 23 \| 540376	2%	₹1,217 Cr	3,218,463 ↑ 48,000

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: 18.71% (upper mid).
3Y return: 18.76% (lower mid).
1Y return: 8.50% (bottom quartile).
1M return: 1.56% (upper mid).
Alpha: 0.00 (upper mid).
Sharpe: -0.29 (bottom quartile).
Information ratio: 0.00 (lower mid).

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 (10 Feb 26)	₹38.41 ↑ 0.01 (0.03 %)
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 9 Feb 26

Duration	Returns
1 Month	1.6%
3 Month	0.7%
6 Month	3.4%
1 Year	8.5%
3 Year	18.8%
5 Year	18.7%
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	8.88 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	10.89%
Equity	76.22%
Debt	12.88%

Equity Sector Allocation

Sector	Value
Basic Materials	18.8%
Financial Services	16.46%
Industrials	14%
Consumer Cyclical	9.26%
Health Care	8.19%
Consumer Defensive	3.88%
Technology	3.87%
Utility	0.87%
Energy	0.49%
Real Estate	0.4%

Debt Sector Allocation

Sector	Value
Government	9.94%
Corporate	7.09%
Cash Equivalent	6.75%

Credit Quality

Rating	Value
AA	2.3%
AAA	97.7%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Hindustan Copper Ltd (Basic Materials) Equity, Since 31 Oct 24 \| HINDCOPPER	4%	₹57 Cr	1,101,000 ↑ 51,000
Jindal Stainless Ltd (Basic Materials) Equity, Since 30 Sep 21 \| JSL	4%	₹48 Cr	566,000
Indian Bank (Financial Services) Equity, Since 31 Aug 23 \| 532814	3%	₹42 Cr	505,000
UNO Minda Ltd (Consumer Cyclical) Equity, Since 31 Jul 19 \| UNOMINDA	3%	₹40 Cr	314,000
PB Fintech Ltd (Financial Services) Equity, Since 29 Feb 24 \| 543390	3%	₹37 Cr	202,000 ↑ 22,000
Housing & Urban Development Corp Ltd (Financial Services) Equity, Since 31 May 24 \| HUDCO	3%	₹36 Cr	1,580,000
TD Power Systems Ltd (Industrials) Equity, Since 31 Jul 24 \| TDPOWERSYS	2%	₹34 Cr	480,000 ↑ 100,000
Lloyds Metals & Energy Ltd (Basic Materials) Equity, Since 28 Feb 25 \| 512455	2%	₹32 Cr	242,000 ↑ 20,000
Eris Lifesciences Ltd Registered Shs (Healthcare) Equity, Since 31 Jul 23 \| ERIS	2%	₹31 Cr	202,783
Glenmark Pharmaceuticals Ltd (Healthcare) Equity, Since 31 Jul 25 \| 532296	2%	₹31 Cr	150,000

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: 17.38% (lower mid).
3Y return: 18.19% (bottom quartile).
1Y return: 10.47% (lower mid).
1M return: 1.03% (bottom quartile).
Alpha: 0.00 (lower mid).
Sharpe: 0.16 (lower mid).
Information ratio: 0.00 (bottom quartile).

Below is the key information for HDFC Balanced Advantage Fund

HDFC Balanced Advantage Fund Growth
Launch Date	11 Sep 00
NAV (10 Feb 26)	₹535.405 ↑ 1.10 (0.21 %)
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 ₹470,047.
Net Profit of ₹170,047 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 9 Feb 26

Duration	Returns
1 Month	1%
3 Month	1.1%
6 Month	5.1%
1 Year	10.5%
3 Year	18.2%
5 Year	17.4%
10 Year
15 Year
Since launch	18%

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	3.43 Yr.
Gopal Agrawal	29 Jul 22	3.43 Yr.
Arun Agarwal	6 Oct 22	3.24 Yr.
Srinivasan Ramamurthy	29 Jul 22	3.43 Yr.
Dhruv Muchhal	22 Jun 23	2.53 Yr.
Nandita Menezes	29 Mar 25	0.76 Yr.

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

Asset Allocation

Asset Class	Value
Cash	6.55%
Equity	67.51%
Debt	25.94%

Equity Sector Allocation

Sector	Value
Financial Services	23.72%
Industrials	8.05%
Energy	7.8%
Consumer Cyclical	6.99%
Technology	6.48%
Health Care	4.22%
Utility	3.94%
Communication Services	3.63%
Consumer Defensive	2.5%
Basic Materials	2.21%
Real Estate	1.83%

Debt Sector Allocation

Sector	Value
Corporate	12.87%
Government	12.84%
Cash Equivalent	6.77%

Credit Quality

Rating	Value
AA	0.88%
AAA	97.59%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 31 Mar 22 \| HDFCBANK	5%	₹5,730 Cr	57,808,702 ↑ 2,000,000
ICICI Bank Ltd (Financial Services) Equity, Since 31 Oct 09 \| 532174	4%	₹4,668 Cr	34,763,763
Reliance Industries Ltd (Energy) Equity, Since 31 Dec 21 \| RELIANCE	4%	₹4,393 Cr	27,972,742 ↑ 67,108
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Aug 20 \| BHARTIARTL	3%	₹3,528 Cr	16,754,354
State Bank of India (Financial Services) Equity, Since 31 May 07 \| SBIN	3%	₹3,438 Cr	35,000,000
Larsen & Toubro Ltd (Industrials) Equity, Since 30 Jun 12 \| LT	2%	₹2,687 Cr	6,579,083
Infosys Ltd (Technology) Equity, Since 31 Oct 09 \| INFY	2%	₹2,628 Cr	16,266,004 ↓ -497,799
Axis Bank Ltd (Financial Services) Equity, Since 31 Aug 17 \| 532215	2%	₹2,517 Cr	19,827,457
7.18% Govt Stock 2033 Sovereign Bonds \| -	2%	₹2,255 Cr	218,533,300
NTPC Ltd (Utilities) Equity, Since 31 Aug 16 \| 532555	2%	₹2,206 Cr	66,937,415 ↓ -1,648,500

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: 15.10% (bottom quartile).
3Y return: 18.00% (bottom quartile).
1Y return: 3.15% (bottom quartile).
1M return: 1.05% (bottom quartile).
Alpha: -11.83 (bottom quartile).
Sharpe: -0.65 (bottom quartile).
Information ratio: 0.64 (upper mid).

Below is the key information for JM Equity Hybrid Fund

JM Equity Hybrid Fund Growth
Launch Date	1 Apr 95
NAV (10 Feb 26)	₹119.441 ↑ 0.31 (0.26 %)
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 ₹447,579.
Net Profit of ₹147,579 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 9 Feb 26

Duration	Returns
1 Month	1.1%
3 Month	-1.8%
6 Month	1.9%
1 Year	3.1%
3 Year	18%
5 Year	15.1%
10 Year
15 Year
Since launch	12.3%

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	1.25 Yr.
Asit Bhandarkar	31 Dec 21	4.01 Yr.
Ruchi Fozdar	4 Oct 24	1.24 Yr.
Deepak Gupta	11 Apr 25	0.73 Yr.

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

Asset Allocation

Asset Class	Value
Cash	1.48%
Equity	77.34%
Debt	21.18%

Equity Sector Allocation

Sector	Value
Financial Services	24.87%
Technology	16.01%
Industrials	12.55%
Consumer Cyclical	9.05%
Health Care	4.48%
Basic Materials	4.15%
Communication Services	3.89%
Consumer Defensive	2.3%
Real Estate	0.04%

Debt Sector Allocation

Sector	Value
Corporate	11.22%
Government	9.96%
Cash Equivalent	1.48%

Credit Quality

Rating	Value
AA	9.56%
AAA	90.44%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 30 Jun 24 \| HDFCBANK	4%	₹35 Cr	350,000
Larsen & Toubro Ltd (Industrials) Equity, Since 31 May 21 \| LT	4%	₹32 Cr	78,000
Ujjivan Small Finance Bank Ltd Ordinary Shares (Financial Services) Equity, Since 31 Jan 25 \| UJJIVANSFB	4%	₹32 Cr	5,974,365
Multi Commodity Exchange of India Ltd (Financial Services) Equity, Since 31 May 25 \| MCX	4%	₹31 Cr	27,876 ↓ -1,800
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Oct 24 \| BHARTIARTL	4%	₹31 Cr	145,246
Bajaj Finance Ltd (Financial Services) Equity, Since 31 Jan 25 \| 500034	4%	₹28 Cr	285,040 ↑ 20,000
Waaree Energies Ltd (Technology) Equity, Since 31 May 25 \| 544277	3%	₹23 Cr	77,000
6.48% Govt Stock 2035 Sovereign Bonds \| -	3%	₹23 Cr	2,275,000
One97 Communications Ltd (Technology) Equity, Since 30 Jun 25 \| 543396	3%	₹22 Cr	170,000
Maruti Suzuki India Ltd (Consumer Cyclical) Equity, Since 31 May 25 \| MARUTI	3%	₹21 Cr	12,500

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: 15.10% (bottom quartile).
3Y return: 20.09% (top quartile).
1Y return: 21.60% (top quartile).
1M return: 3.37% (top quartile).
Alpha: 0.00 (bottom quartile).
Sharpe: 1.60 (upper mid).
Information ratio: 0.00 (bottom quartile).

Below is the key information for SBI Multi Asset Allocation Fund

SBI Multi Asset Allocation Fund Growth
Launch Date	21 Dec 05
NAV (10 Feb 26)	₹67.2963 ↑ 0.09 (0.13 %)
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 ₹447,579.
Net Profit of ₹147,579 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 9 Feb 26

Duration	Returns
1 Month	3.4%
3 Month	6.6%
6 Month	14.3%
1 Year	21.6%
3 Year	20.1%
5 Year	15.1%
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	4.17 Yr.
Mansi Sajeja	1 Dec 23	2.09 Yr.
Vandna Soni	1 Jan 24	2 Yr.

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

Asset Allocation

Asset Class	Value
Cash	12.13%
Equity	45.25%
Debt	32.2%
Other	10.42%

Equity Sector Allocation

Sector	Value
Financial Services	13.68%
Real Estate	6.21%
Consumer Cyclical	5.57%
Energy	3.81%
Basic Materials	3.79%
Technology	3.61%
Consumer Defensive	3.18%
Industrials	2.21%
Utility	1.61%
Health Care	1.08%
Communication Services	0.32%

Debt Sector Allocation

Sector	Value
Corporate	24.92%
Cash Equivalent	10.61%
Government	8.8%

Credit Quality

Rating	Value
A	2.11%
AA	50.36%
AAA	47.54%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
SBI Silver ETF - \| -	7%	₹961 Cr	43,430,907 ↓ -865,271
Brookfield India Real Estate Trust (Real Estate) -, Since 30 Apr 25 \| BIRET	4%	₹503 Cr	15,164,234
SBI Gold ETF - \| -	3%	₹423 Cr	37,241,000
6.68% Govt Stock 2040 Sovereign Bonds \| -	3%	₹340 Cr	35,000,000
Reliance Industries Ltd (Energy) Equity, Since 15 Sep 24 \| RELIANCE	2%	₹270 Cr	1,720,000
HDFC Bank Ltd (Financial Services) Equity, Since 30 Nov 22 \| HDFCBANK	2%	₹264 Cr	2,662,000
Jtpm Metal TRaders Limited Debentures \| -	2%	₹258 Cr	25,000
6.28% Govt Stock 2032 Sovereign Bonds \| -	2%	₹246 Cr	25,000,000 ↑ 25,000,000
6.01% Govt Stock 2030 Sovereign Bonds \| -	2%	₹227 Cr	23,000,000 ↑ 5,500,000
PB Fintech Ltd (Financial Services) Equity, Since 31 Jul 25 \| 543390	2%	₹223 Cr	1,222,500

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.