Best Dividend Paying Balanced Mutual Funds 2026

Updated on January 19, 2026 , 54747 views

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. Dividend option in these type of mutual funds can actually be good as they generate returns and pay them of as & when there is surplus is generated, This way these type of Option is good for investors looking for consistent income from their investments. Below are some Best Dividend paying balanced mutual funds for year 2026

Advantages & Disadvantages Of Top Balanced Funds

Advantages

Provides stable returns by investing 35-40% of the assets in fixed income options.
Offers market-linked returns as swell by investing 60-65% of the assets in equities.
Suitable for conservative investors willing to take moderate risk.

Disadvantages

The funds invested in equities are volatile and have a high-risk factor.
The combined returns (returns of both debt and Equity Mutual Funds) may not yield very good returns in the long run.

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Fund Selection Methodology used to find 6 funds

Category: Hybrid
Fund Option: Ndp
AUM Range: 100 to 1000000 Cr
Sorted On : 3-year return (high to low)
Tags: fcpro
No Of Funds: 6

Top 6 Dividend Paying Balanced Mutual Funds for Regular Income

Fund	NAV	Net Assets (Cr)	Rating	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
UTI Multi Asset Fund Normal Dividend, Payout	₹30.3523 ↑ 0.16	₹6,720	☆	1	5	12.5	19.2	14.4	10.1
ICICI Prudential Multi-Asset Fund Normal Dividend, Payout	₹35.5989 ↓ -0.31	₹78,179	☆☆	1.1	6.6	15.6	18.9	20.5	18.6
Edelweiss Multi Asset Allocation Fund Normal Dividend, Payout	₹63.2 ↓ -0.26	₹3,480	☆	-3.8	-1.8	5.8	18.2	19.1	6
JM Equity Hybrid Fund Normal Dividend, Payout	₹32.4362 ↓ -0.23	₹785	☆	-5.7	-5.3	0	16.9	15.4	-3.1
BOI AXA Mid and Small Cap Equity and Debt Fund Normal Dividend, Payout	₹31.07 ↓ -0.13	₹1,349	Not Rated	-3.7	-5.7	0.4	16.8	18	-0.9
HDFC Balanced Advantage Fund Normal Dividend, Payout	₹37.893 ↓ -0.13	₹108,205	☆☆☆☆	-2.3	-0.6	6.1	16.5	18.1	6.5
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 21 Jan 26

Research Highlights & Commentary of 6 Funds showcased

Commentary	UTI Multi Asset Fund	ICICI Prudential Multi-Asset Fund	Edelweiss Multi Asset Allocation Fund	JM Equity Hybrid Fund	BOI AXA Mid and Small Cap Equity and Debt Fund	HDFC Balanced Advantage Fund
Point 1	Upper mid AUM (₹6,720 Cr).	Upper mid AUM (₹78,179 Cr).	Lower mid AUM (₹3,480 Cr).	Bottom quartile AUM (₹785 Cr).	Bottom quartile AUM (₹1,349 Cr).	Highest AUM (₹108,205 Cr).
Point 2	Established history (17+ yrs).	Established history (22+ yrs).	Established history (16+ yrs).	Oldest track record among peers (30 yrs).	Established history (9+ yrs).	Established history (25+ yrs).
Point 3	Rating: 1★ (upper mid).	Rating: 2★ (upper mid).	Rating: 1★ (lower mid).	Rating: 1★ (bottom quartile).	Not Rated.	Top rated.
Point 4	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.
Point 5	5Y return: 14.40% (bottom quartile).	5Y return: 20.47% (top quartile).	5Y return: 19.13% (upper mid).	5Y return: 15.42% (bottom quartile).	5Y return: 17.97% (lower mid).	5Y return: 18.12% (upper mid).
Point 6	3Y return: 19.15% (top quartile).	3Y return: 18.93% (upper mid).	3Y return: 18.24% (upper mid).	3Y return: 16.93% (lower mid).	3Y return: 16.76% (bottom quartile).	3Y return: 16.50% (bottom quartile).
Point 7	1Y return: 12.51% (upper mid).	1Y return: 15.61% (top quartile).	1Y return: 5.76% (lower mid).	1Y return: 0.03% (bottom quartile).	1Y return: 0.39% (bottom quartile).	1Y return: 6.13% (upper mid).
Point 8	1M return: 0.07% (top quartile).	1M return: -0.49% (upper mid).	1M return: -3.01% (bottom quartile).	1M return: -3.31% (bottom quartile).	1M return: -2.54% (upper mid).	1M return: -2.62% (lower mid).
Point 9	Alpha: 0.00 (top quartile).	Alpha: 0.00 (upper mid).	Alpha: -2.76 (bottom quartile).	Alpha: -11.83 (bottom quartile).	Alpha: 0.00 (upper mid).	Alpha: 0.00 (lower mid).
Point 10	Sharpe: 0.46 (upper mid).	Sharpe: 1.86 (top quartile).	Sharpe: 0.04 (lower mid).	Sharpe: -0.65 (bottom quartile).	Sharpe: -0.29 (bottom quartile).	Sharpe: 0.09 (upper mid).

UTI Multi Asset Fund

Upper mid AUM (₹6,720 Cr).
Established history (17+ yrs).
Rating: 1★ (upper mid).
Risk profile: Moderately High.
5Y return: 14.40% (bottom quartile).
3Y return: 19.15% (top quartile).
1Y return: 12.51% (upper mid).
1M return: 0.07% (top quartile).
Alpha: 0.00 (top quartile).
Sharpe: 0.46 (upper mid).

ICICI Prudential Multi-Asset Fund

Upper mid AUM (₹78,179 Cr).
Established history (22+ yrs).
Rating: 2★ (upper mid).
Risk profile: Moderately High.
5Y return: 20.47% (top quartile).
3Y return: 18.93% (upper mid).
1Y return: 15.61% (top quartile).
1M return: -0.49% (upper mid).
Alpha: 0.00 (upper mid).
Sharpe: 1.86 (top quartile).

Edelweiss Multi Asset Allocation Fund

Lower mid AUM (₹3,480 Cr).
Established history (16+ yrs).
Rating: 1★ (lower mid).
Risk profile: Moderately High.
5Y return: 19.13% (upper mid).
3Y return: 18.24% (upper mid).
1Y return: 5.76% (lower mid).
1M return: -3.01% (bottom quartile).
Alpha: -2.76 (bottom quartile).
Sharpe: 0.04 (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: 15.42% (bottom quartile).
3Y return: 16.93% (lower mid).
1Y return: 0.03% (bottom quartile).
1M return: -3.31% (bottom quartile).
Alpha: -11.83 (bottom quartile).
Sharpe: -0.65 (bottom quartile).

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: 17.97% (lower mid).
3Y return: 16.76% (bottom quartile).
1Y return: 0.39% (bottom quartile).
1M return: -2.54% (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).
Top rated.
Risk profile: Moderately High.
5Y return: 18.12% (upper mid).
3Y return: 16.50% (bottom quartile).
1Y return: 6.13% (upper mid).
1M return: -2.62% (lower mid).
Alpha: 0.00 (lower mid).
Sharpe: 0.09 (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

AMFI Registration No.: 112358
MCA CIN: U74999MH2016PTC282153
Location: Thane, Maharashtra, India
Experience: 10+ years in Mutual Fund distribution

Our Expertise

Certified Mutual Fund Distributors with hands-on advisory experience.
Market analysts tracking performance, macro trends, and sectors.
Data specialists processing NAVs, allocations, and risk metrics from Morning Star.

Our Research Process

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.

*Above is list of best Dividend Paying Balanced funds having AUM/Net Assets above 100 Crore. Sorted on Last 1 Year Return.

1. UTI Multi Asset Fund

(Erstwhile UTI Wealth Builder Fund)

The objective of the Scheme is to achieve long term capital appreciation by investing predominantly in a diversified portfolio of equity and equity related instruments along with investments in Gold ETFs and Debt and Money Market Instruments. However, there can be no assurance that the investment objective of the Scheme will be achieved.

Research Highlights for UTI Multi Asset Fund

Upper mid AUM (₹6,720 Cr).
Established history (17+ yrs).
Rating: 1★ (upper mid).
Risk profile: Moderately High.
5Y return: 14.40% (bottom quartile).
3Y return: 19.15% (top quartile).
1Y return: 12.51% (upper mid).
1M return: 0.07% (top quartile).
Alpha: 0.00 (top quartile).
Sharpe: 0.46 (upper mid).
Information ratio: 0.00 (upper mid).

Below is the key information for UTI Multi Asset Fund

UTI Multi Asset Fund Normal Dividend, Payout
Launch Date	21 Oct 08
NAV (21 Jan 26)	₹30.3523 ↑ 0.16 (0.53 %)
Net Assets (Cr)	₹6,720 on 31 Dec 25
Category	Hybrid - Multi Asset
AMC	UTI Asset Management Company Ltd
Rating	☆
Risk	Moderately High
Expense Ratio	1.79
Sharpe Ratio	0.46
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 Dec 20	₹10,000
31 Dec 21	₹11,178
31 Dec 22	₹11,664
31 Dec 23	₹15,055
31 Dec 24	₹18,165
31 Dec 25	₹20,001

UTI Multi Asset 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 UTI 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 21 Jan 26

Duration	Returns
1 Month	0.1%
3 Month	1%
6 Month	5%
1 Year	12.5%
3 Year	19.2%
5 Year	14.4%
10 Year
15 Year
Since launch	12.5%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	10.1%
2023	20.7%
2022	29.1%
2021	4.4%
2020	11.8%
2019	12.9%
2018	2.7%
2017	-1.1%
2016	17.1%
2015	7.3%

Fund Manager information for UTI Multi Asset Fund

Name	Since	Tenure
Sharwan Kumar Goyal	12 Nov 21	4.14 Yr.
Jaydeep Bhowal	1 Oct 24	1.25 Yr.

Data below for UTI Multi Asset Fund as on 31 Dec 25

Asset Allocation

Asset Class	Value
Cash	7.62%
Equity	69.13%
Debt	10.27%
Other	12.98%

Equity Sector Allocation

Sector	Value
Financial Services	15.92%
Technology	11.06%
Consumer Defensive	9.19%
Consumer Cyclical	9.07%
Industrials	5.46%
Basic Materials	5.35%
Health Care	4.35%
Real Estate	3.77%
Energy	3.13%
Communication Services	3.04%

Debt Sector Allocation

Sector	Value
Government	7.85%
Cash Equivalent	7.61%
Corporate	2.43%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
UTI Gold ETF - \| -	13%	₹880 Cr	76,018,936
Asian Paints Ltd (Basic Materials) Equity, Since 31 Oct 24 \| 500820	3%	₹180 Cr	650,377 ↑ 125,386
ITC Ltd (Consumer Defensive) Equity, Since 31 Oct 22 \| ITC	3%	₹171 Cr	4,253,690
Infosys Ltd (Technology) Equity, Since 31 Mar 24 \| INFY	3%	₹171 Cr	1,055,798 ↓ -76,394
State Bank of India (Financial Services) Equity, Since 31 Oct 25 \| SBIN	3%	₹169 Cr	1,716,730 ↑ 196,803
Maruti Suzuki India Ltd (Consumer Cyclical) Equity, Since 31 Oct 23 \| MARUTI	2%	₹144 Cr	86,404 ↑ 11,417
Nestle India Ltd (Consumer Defensive) Equity, Since 29 Feb 24 \| NESTLEIND	2%	₹144 Cr	1,119,520
Bharti Airtel Ltd (Communication Services) Equity, Since 30 Apr 24 \| BHARTIARTL	2%	₹143 Cr	677,566
Tata Consultancy Services Ltd (Technology) Equity, Since 29 Feb 24 \| TCS	2%	₹138 Cr	431,841
Coal India Ltd (Energy) Equity, Since 31 Oct 22 \| COALINDIA	2%	₹133 Cr	3,341,545

2. 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 (22+ yrs).
Rating: 2★ (upper mid).
Risk profile: Moderately High.
5Y return: 20.47% (top quartile).
3Y return: 18.93% (upper mid).
1Y return: 15.61% (top quartile).
1M return: -0.49% (upper mid).
Alpha: 0.00 (upper mid).
Sharpe: 1.86 (top quartile).
Information ratio: 0.00 (lower mid).

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

ICICI Prudential Multi-Asset Fund Normal Dividend, Payout
Launch Date	9 Jan 04
NAV (20 Jan 26)	₹35.5989 ↓ -0.31 (-0.86 %)
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 Dec 20	₹10,000
31 Dec 21	₹13,467
31 Dec 22	₹15,730
31 Dec 23	₹19,521
31 Dec 24	₹22,669
31 Dec 25	₹26,880

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 21 Jan 26

Duration	Returns
1 Month	-0.5%
3 Month	1.1%
6 Month	6.6%
1 Year	15.6%
3 Year	18.9%
5 Year	20.5%
10 Year
15 Year
Since launch	17.2%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	18.6%
2023	16.1%
2022	24.1%
2021	16.8%
2020	34.7%
2019	9.4%
2018	5.9%
2017	-4.3%
2016	28.1%
2015	12.5%

Fund Manager information for ICICI Prudential Multi-Asset Fund

Name	Since	Tenure
Sankaran Naren	1 Feb 12	13.92 Yr.
Manish Banthia	22 Jan 24	1.94 Yr.
Ihab Dalwai	3 Jun 17	8.58 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

3. Edelweiss Multi Asset Allocation Fund

(Erstwhile Edelweiss Prudent Advantage Fund)

The objective of the Scheme is to generate returns through capital appreciation by investing in diversified portfolio of equity and equity-related securities, fixed income instruments and Gold Exchange Traded Funds. However, there is no assurance that the investment objective of the Scheme will be realized.

Research Highlights for Edelweiss Multi Asset Allocation Fund

Lower mid AUM (₹3,480 Cr).
Established history (16+ yrs).
Rating: 1★ (lower mid).
Risk profile: Moderately High.
5Y return: 19.13% (upper mid).
3Y return: 18.24% (upper mid).
1Y return: 5.76% (lower mid).
1M return: -3.01% (bottom quartile).
Alpha: -2.76 (bottom quartile).
Sharpe: 0.04 (lower mid).
Information ratio: 2.14 (top quartile).

Below is the key information for Edelweiss Multi Asset Allocation Fund

Edelweiss Multi Asset Allocation Fund Normal Dividend, Payout
Launch Date	16 Jun 09
NAV (21 Jan 26)	₹63.2 ↓ -0.26 (-0.41 %)
Net Assets (Cr)	₹3,480 on 31 Dec 25
Category	Hybrid - Multi Asset
AMC	Edelweiss Asset Management Limited
Rating	☆
Risk	Moderately High
Expense Ratio	1.98
Sharpe Ratio	0.04
Information Ratio	2.14
Alpha Ratio	-2.76
Min Investment	5,000
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
31 Dec 20	₹10,000
31 Dec 21	₹13,467
31 Dec 22	₹14,874
31 Dec 23	₹19,507
31 Dec 24	₹24,137
31 Dec 25	₹25,577

Edelweiss Multi Asset Allocation Fund SIP Returns

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

Purchase not allowed

Returns for Edelweiss 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 21 Jan 26

Duration	Returns
1 Month	-3%
3 Month	-3.8%
6 Month	-1.8%
1 Year	5.8%
3 Year	18.2%
5 Year	19.1%
10 Year
15 Year
Since launch	14.7%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	6%
2023	23.7%
2022	31.2%
2021	10.4%
2020	34.7%
2019	22.7%
2018	14%
2017	1.1%
2016	33%
2015	6.5%

Fund Manager information for Edelweiss Multi Asset Allocation Fund

Name	Since	Tenure
Kedar Karnik	15 Jan 26	0 Yr.
Bhavesh Jain	14 Oct 15	10.22 Yr.
Bharat Lahoti	1 Oct 21	4.25 Yr.
Rahul Dedhia	1 Jul 24	1.5 Yr.

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

Asset Allocation

Asset Class	Value
Cash	10.62%
Equity	76.79%
Debt	12.58%
Other	0%

Equity Sector Allocation

Sector	Value
Financial Services	24.14%
Consumer Cyclical	11.75%
Health Care	8.32%
Technology	6.25%
Basic Materials	5.11%
Energy	5.04%
Communication Services	4.55%
Industrials	4.14%
Consumer Defensive	3.28%
Utility	2.37%
Real Estate	0.72%

Debt Sector Allocation

Sector	Value
Cash Equivalent	10.5%
Corporate	7.76%
Government	4.94%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 31 Oct 15 \| HDFCBANK	5%	₹160 Cr	1,613,634 ↑ 43,698
ICICI Bank Ltd (Financial Services) Equity, Since 31 Mar 15 \| 532174	4%	₹149 Cr	1,110,789 ↓ -263,196
National Bank For Agriculture And Rural Development Debentures \| -	4%	₹142 Cr	14,000,000 ↑ 14,000,000
State Bank of India (Financial Services) Equity, Since 30 Jun 15 \| SBIN	4%	₹124 Cr	1,264,882 ↑ 148,642
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Oct 19 \| BHARTIARTL	4%	₹123 Cr	583,607
Reliance Industries Ltd (Energy) Equity, Since 31 Aug 20 \| RELIANCE	3%	₹102 Cr	647,748 ↑ 46,564
Infosys Ltd (Technology) Equity, Since 31 May 15 \| INFY	3%	₹91 Cr	566,220 ↓ -49,883
NTPC Ltd (Utilities) Equity, Since 30 Nov 21 \| 532555	2%	₹82 Cr	2,497,975
Aditya Birla Capital Limited Debentures \| -	2%	₹76 Cr	7,500,000
Hdb Financial Services Limited Debentures \| -	2%	₹76 Cr	7,500,000

4. 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: 15.42% (bottom quartile).
3Y return: 16.93% (lower mid).
1Y return: 0.03% (bottom quartile).
1M return: -3.31% (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 Normal Dividend, Payout
Launch Date	1 Apr 95
NAV (21 Jan 26)	₹32.4362 ↓ -0.23 (-0.71 %)
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 Dec 20	₹10,000
31 Dec 21	₹12,294
31 Dec 22	₹13,284
31 Dec 23	₹17,781
31 Dec 24	₹22,579
31 Dec 25	₹21,873

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 21 Jan 26

Duration	Returns
1 Month	-3.3%
3 Month	-5.7%
6 Month	-5.3%
1 Year	0%
3 Year	16.9%
5 Year	15.4%
10 Year
15 Year
Since launch	11.2%

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	1.25 Yr.
Asit Bhandarkar	31 Dec 21	4 Yr.
Ruchi Fozdar	4 Oct 24	1.24 Yr.
Deepak Gupta	11 Apr 25	0.72 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

5. 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: 17.97% (lower mid).
3Y return: 16.76% (bottom quartile).
1Y return: 0.39% (bottom quartile).
1M return: -2.54% (upper mid).
Alpha: 0.00 (upper mid).
Sharpe: -0.29 (bottom quartile).
Information ratio: 0.00 (bottom quartile).

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 Normal Dividend, Payout
Launch Date	20 Jul 16
NAV (21 Jan 26)	₹31.07 ↓ -0.13 (-0.42 %)
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 Dec 20	₹10,000
31 Dec 21	₹15,423
31 Dec 22	₹14,690
31 Dec 23	₹19,642
31 Dec 24	₹24,706
31 Dec 25	₹24,482

BOI AXA Mid and Small Cap Equity and Debt 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 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 21 Jan 26

Duration	Returns
1 Month	-2.5%
3 Month	-3.7%
6 Month	-5.7%
1 Year	0.4%
3 Year	16.8%
5 Year	18%
10 Year
15 Year
Since launch	14.6%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	-0.9%
2023	25.8%
2022	33.7%
2021	-4.8%
2020	54.2%
2019	31.1%
2018	-4.7%
2017	-14.4%
2016	47.3%
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

6. 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).
Top rated.
Risk profile: Moderately High.
5Y return: 18.12% (upper mid).
3Y return: 16.50% (bottom quartile).
1Y return: 6.13% (upper mid).
1M return: -2.62% (lower mid).
Alpha: 0.00 (lower mid).
Sharpe: 0.09 (upper mid).
Information ratio: 0.00 (bottom quartile).

Below is the key information for HDFC Balanced Advantage Fund

HDFC Balanced Advantage Fund Normal Dividend, Payout
Launch Date	11 Sep 00
NAV (21 Jan 26)	₹37.893 ↓ -0.13 (-0.35 %)
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	0.09
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 Dec 20	₹10,000
31 Dec 21	₹12,637
31 Dec 22	₹15,003
31 Dec 23	₹19,697
31 Dec 24	₹22,986
31 Dec 25	₹24,491

HDFC Balanced Advantage 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 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 21 Jan 26

Duration	Returns
1 Month	-2.6%
3 Month	-2.3%
6 Month	-0.6%
1 Year	6.1%
3 Year	16.5%
5 Year	18.1%
10 Year
15 Year
Since launch	6.1%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	6.5%
2023	16.7%
2022	31.3%
2021	18.7%
2020	26.4%
2019	7%
2018	5%
2017	-11.7%
2016	22.6%
2015	-3.7%

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

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.