Top 4 Best Performing Balanced Mutual Funds by HDFC MF 2025

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4 Best Performing Balanced Funds by HDFC MF 2025

Updated on July 18, 2025 , 6795 views

HDFC Mutual Fund being one of the top fund houses in India, the Balanced Fund provided by the AMC are one of the most demanded by the investors. Balanced funds, also known as hybrid funds, invest money in both debt and equity instruments.

Balanced funds provided by the AMC master in balancing the Portfolio by building long-term wealth via equity and regular returns through Debt fund. Many investors who are new to Mutual Funds prefer Investing first in balanced funds, as they give a taste of other two Mutual Funds.

Thus, investors wanting to invest in one of the top fund house, can choose these top performing balanced funds by HDFC Mutual Fund. These funds have been shortlisted based on certain criteria like AUM, past performances, etc.

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Why Invest in HDFC Mutual Fund?

Excellent Ratings: Many of the company schemes have a CRISIL rating of three and above.
Variety of Options: Investing in HDFC Mutual Fund comes with a broad Range of choices.
Catering to the Need of Investor: The company has products which will suit every type of investor. Funds range from short-term to long-term and even open-ended to closed-ended funds. The company makes sure the investor gets what they need. It also offers products with low, medium, and high risk.

Best HDFC Balanced Mutual Funds

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
HDFC Hybrid Debt Fund Growth	₹82.4617 ↓ -0.03	₹3,401	1.6	4.7	5.5	11.6	11.7	10.5
HDFC Equity Savings Fund Growth	₹65.835 ↓ -0.12	₹5,663	2.9	4.5	4.4	11.4	12.7	10.3
HDFC Balanced Advantage Fund Growth	₹519.82 ↓ -1.72	₹102,790	4.8	6	2.9	21.7	24.3	16.7
HDFC Arbitrage Fund Growth	₹30.712 ↑ 0.01	₹21,068	1.4	3.2	6.8	7	5.6	7.7
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 18 Jul 25

1. HDFC Hybrid Debt Fund

(Erstwhile HDFC MF Monthly Income Plan - LTP)

The primary objective of Scheme is to generate regular returns through investment primarily in Debt and Money Market Instruments. The secondary objective of the Scheme is to generate long-term capital appreciation by investing a portion of the Scheme`s assets in equity and equity related instruments. However, there can be no assurance that the investment objective of the Scheme will be achieved.

HDFC Hybrid Debt Fund is a Hybrid - Hybrid Debt fund was launched on 26 Dec 03. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 10.3% since its launch. Ranked 16 in Hybrid Debt category. Return for 2024 was 10.5% , 2023 was 13.9% and 2022 was 6% .

Below is the key information for HDFC Hybrid Debt Fund

HDFC Hybrid Debt Fund Growth
Launch Date	26 Dec 03
NAV (18 Jul 25)	₹82.4617 ↓ -0.03 (-0.03 %)
Net Assets (Cr)	₹3,401 on 30 Jun 25
Category	Hybrid - Hybrid Debt
AMC	HDFC Asset Management Company Limited
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	1.79
Sharpe Ratio	0.08
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
30 Jun 20	₹10,000
30 Jun 21	₹12,244
30 Jun 22	₹12,646
30 Jun 23	₹14,363
30 Jun 24	₹16,628
30 Jun 25	₹17,790

HDFC Hybrid Debt Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹405,518.
Net Profit of ₹105,518 Invest Now

Returns for HDFC Hybrid 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 18 Jul 25

Duration	Returns
1 Month	0.5%
3 Month	1.6%
6 Month	4.7%
1 Year	5.5%
3 Year	11.6%
5 Year	11.7%
10 Year
15 Year
Since launch	10.3%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	10.5%
2023	13.9%
2022	6%
2021	13.4%
2020	10.2%
2019	6.6%
2018	0.6%
2017	10.8%
2016	13%
2015	3.8%

Fund Manager information for HDFC Hybrid Debt Fund

Name	Since	Tenure
Shobhit Mehrotra	1 Sep 07	17.76 Yr.
Srinivasan Ramamurthy	14 Dec 21	3.47 Yr.
Dhruv Muchhal	22 Jun 23	1.95 Yr.

Data below for HDFC Hybrid Debt Fund as on 30 Jun 25

Asset Allocation

Asset Class	Value
Cash	3.05%
Equity	21.44%
Debt	75.24%
Other	0.27%

Equity Sector Allocation

Sector	Value
Financial Services	8.55%
Energy	2.1%
Technology	1.98%
Health Care	1.91%
Industrials	1.81%
Consumer Cyclical	1.42%
Utility	1.2%
Communication Services	0.99%
Consumer Defensive	0.73%
Real Estate	0.58%
Basic Materials	0.16%

Debt Sector Allocation

Sector	Value
Government	50.16%
Corporate	25.08%
Cash Equivalent	3.05%

Credit Quality

Rating	Value
AA	12.53%
AAA	87.47%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
7.34% Govt Stock 2064 Sovereign Bonds \| -	4%	₹119 Cr	11,500,000
7.09% Govt Stock 2054 Sovereign Bonds \| -	3%	₹116 Cr	11,500,000
7.23% Govt Stock 2039 Sovereign Bonds \| -	3%	₹105 Cr	10,000,000
7.3% Govt Stock 2053 Sovereign Bonds \| -	3%	₹88 Cr	8,500,000
Indian Railway Finance Corporation Limited Debentures \| -	2%	₹84 Cr	800
ICICI Bank Ltd (Financial Services) Equity, Since 31 Oct 09 \| ICICIBANK	2%	₹84 Cr	590,000
7.18% Govt Stock 2037 Sovereign Bonds \| -	2%	₹73 Cr	7,000,000
6.79% Govt Stock 2034 Sovereign Bonds \| -	2%	₹72 Cr	7,000,000
HDFC Bank Ltd (Financial Services) Equity, Since 15 Dec 21 \| HDFCBANK	2%	₹67 Cr	350,000
6.68% Govt Stock 2031 Sovereign Bonds \| -	2%	₹66 Cr	6,500,000

2. HDFC Equity Savings Fund

The investment objective of the scheme is to provide capital appreciation and income distribution to the investors using arbitrage opportunities, investment in equity / equity related instruments and debt / money market instruments.

HDFC Equity Savings Fund is a Hybrid - Equity Savings fund was launched on 17 Sep 04. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 9.5% since its launch. Ranked 12 in Equity Savings category. Return for 2024 was 10.3% , 2023 was 13.8% and 2022 was 6% .

Below is the key information for HDFC Equity Savings Fund

HDFC Equity Savings Fund Growth
Launch Date	17 Sep 04
NAV (18 Jul 25)	₹65.835 ↓ -0.12 (-0.17 %)
Net Assets (Cr)	₹5,663 on 30 Jun 25
Category	Hybrid - Equity Savings
AMC	HDFC Asset Management Company Limited
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	2
Sharpe Ratio	-0.03
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
30 Jun 20	₹10,000
30 Jun 21	₹12,854
30 Jun 22	₹13,206
30 Jun 23	₹14,875
30 Jun 24	₹17,473
30 Jun 25	₹18,591

HDFC Equity Savings Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹415,684.
Net Profit of ₹115,684 Invest Now

Returns for HDFC Equity Savings Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 18 Jul 25

Duration	Returns
1 Month	0.5%
3 Month	2.9%
6 Month	4.5%
1 Year	4.4%
3 Year	11.4%
5 Year	12.7%
10 Year
15 Year
Since launch	9.5%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	10.3%
2023	13.8%
2022	6%
2021	16.8%
2020	8.8%
2019	5.8%
2018	0.9%
2017	16.5%
2016	14.1%
2015	2%

Fund Manager information for HDFC Equity Savings Fund

Name	Since	Tenure
Anil Bamboli	17 Sep 04	20.8 Yr.
Arun Agarwal	17 Sep 04	20.8 Yr.
Srinivasan Ramamurthy	14 Dec 21	3.55 Yr.
Dhruv Muchhal	22 Jun 23	2.02 Yr.
Nandita Menezes	29 Mar 25	0.25 Yr.

Data below for HDFC Equity Savings Fund as on 30 Jun 25

Asset Allocation

Asset Class	Value
Cash	40.37%
Equity	38.07%
Debt	21.56%

Equity Sector Allocation

Sector	Value
Financial Services	22.53%
Consumer Cyclical	8.74%
Energy	7.62%
Industrials	6.9%
Technology	5.46%
Basic Materials	4.9%
Health Care	4.52%
Consumer Defensive	3.76%
Utility	2.21%
Communication Services	2.04%
Real Estate	1.6%

Debt Sector Allocation

Sector	Value
Cash Equivalent	38.63%
Corporate	12.32%
Government	10.98%

Credit Quality

Rating	Value
AA	7.32%
AAA	92.68%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 31 Mar 17 \| HDFCBANK	9%	₹504 Cr	2,593,450
Reliance Industries Ltd (Energy) Equity, Since 31 Dec 15 \| RELIANCE	6%	₹339 Cr	2,388,500
Future on HDFC Bank Ltd Derivatives \| -	6%	-₹321 Cr
ICICI Bank Ltd (Financial Services) Equity, Since 31 May 12 \| ICICIBANK	5%	₹300 Cr	2,071,900
Future on Reliance Industries Ltd Derivatives \| -	4%	-₹234 Cr
Infosys Ltd (Technology) Equity, Since 30 Nov 16 \| INFY	3%	₹177 Cr	1,129,600
Future on Titan Co Ltd Derivatives \| -	3%	-₹171 Cr
Titan Co Ltd (Consumer Cyclical) Equity, Since 31 Jul 17 \| TITAN	3%	₹170 Cr	479,325
Adani Ports & Special Economic Zone Ltd (Industrials) Equity, Since 31 Mar 20 \| ADANIPORTS	3%	₹147 Cr	1,027,200
7.18% Govt Stock 2033 Sovereign Bonds \| -	2%	₹139 Cr	13,100,000

3. 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.

HDFC Balanced Advantage Fund is a Hybrid - Dynamic Allocation fund was launched on 11 Sep 00. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 18.2% since its launch. Ranked 23 in Dynamic Allocation category. Return for 2024 was 16.7% , 2023 was 31.3% and 2022 was 18.8% .

Below is the key information for HDFC Balanced Advantage Fund

HDFC Balanced Advantage Fund Growth
Launch Date	11 Sep 00
NAV (18 Jul 25)	₹519.82 ↓ -1.72 (-0.33 %)
Net Assets (Cr)	₹102,790 on 30 Jun 25
Category	Hybrid - Dynamic Allocation
AMC	HDFC Asset Management Company Limited
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	1.43
Sharpe Ratio	0
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
30 Jun 20	₹10,000
30 Jun 21	₹15,130
30 Jun 22	₹16,392
30 Jun 23	₹20,654
30 Jun 24	₹28,965
30 Jun 25	₹30,783

HDFC Balanced Advantage Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹556,833.
Net Profit of ₹256,833 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 18 Jul 25

Duration	Returns
1 Month	0.9%
3 Month	4.8%
6 Month	6%
1 Year	2.9%
3 Year	21.7%
5 Year	24.3%
10 Year
15 Year
Since launch	18.2%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	16.7%
2023	31.3%
2022	18.8%
2021	26.4%
2020	7.6%
2019	6.9%
2018	-3.1%
2017	27.9%
2016	9.4%
2015	0.3%

Fund Manager information for HDFC Balanced Advantage Fund

Name	Since	Tenure
Anil Bamboli	29 Jul 22	2.84 Yr.
Gopal Agrawal	29 Jul 22	2.84 Yr.
Arun Agarwal	6 Oct 22	2.65 Yr.
Srinivasan Ramamurthy	29 Jul 22	2.84 Yr.
Dhruv Muchhal	22 Jun 23	1.95 Yr.
Nandita Menezes	29 Mar 25	0.18 Yr.

Data below for HDFC Balanced Advantage Fund as on 30 Jun 25

Asset Allocation

Asset Class	Value
Cash	10.49%
Equity	62.08%
Debt	27.44%

Equity Sector Allocation

Sector	Value
Financial Services	22.31%
Industrials	8.65%
Energy	7.39%
Technology	6.23%
Consumer Cyclical	5.51%
Utility	4.41%
Health Care	4.16%
Communication Services	3.4%
Consumer Defensive	2.71%
Basic Materials	2%
Real Estate	1.45%

Debt Sector Allocation

Sector	Value
Corporate	14.1%
Government	12.91%
Cash Equivalent	10.92%

Credit Quality

Rating	Value
AA	0.93%
AAA	97.51%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 31 Mar 22 \| HDFCBANK	5%	₹5,427 Cr	27,904,351
ICICI Bank Ltd (Financial Services) Equity, Since 31 Oct 09 \| ICICIBANK	4%	₹4,005 Cr	27,699,224
Reliance Industries Ltd (Energy) Equity, Since 31 Dec 21 \| RELIANCE	3%	₹3,505 Cr	24,664,288
Infosys Ltd (Technology) Equity, Since 31 Oct 09 \| INFY	3%	₹3,149 Cr	20,151,803
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Aug 20 \| BHARTIARTL	3%	₹3,022 Cr	16,279,354 ↑ 1,800,000
State Bank of India (Financial Services) Equity, Since 31 May 07 \| SBIN	3%	₹2,843 Cr	35,000,000
Larsen & Toubro Ltd (Industrials) Equity, Since 30 Jun 12 \| LT	2%	₹2,442 Cr	6,645,683
7.18% Govt Stock 2033 Sovereign Bonds \| -	2%	₹2,418 Cr	228,533,300
Axis Bank Ltd (Financial Services) Equity, Since 31 Aug 17 \| AXISBANK	2%	₹2,364 Cr	19,827,457
NTPC Ltd (Utilities) Equity, Since 31 Aug 16 \| NTPC	2%	₹2,335 Cr	69,932,915 ↓ -405,000

4. HDFC Arbitrage Fund

"To generate income through arbitrage opportunities between cash and derivative market and arbitrage opportunities within the derivative segment and by deployment of surplus cash in debt securities and money market instruments."

HDFC Arbitrage Fund is a Hybrid - Arbitrage fund was launched on 23 Oct 07. It is a fund with Moderately Low risk and has given a CAGR/Annualized return of 6.5% since its launch. Ranked 10 in Arbitrage category. Return for 2024 was 7.7% , 2023 was 7.2% and 2022 was 4.2% .

Below is the key information for HDFC Arbitrage Fund

HDFC Arbitrage Fund Growth
Launch Date	23 Oct 07
NAV (18 Jul 25)	₹30.712 ↑ 0.01 (0.02 %)
Net Assets (Cr)	₹21,068 on 30 Jun 25
Category	Hybrid - Arbitrage
AMC	HDFC Asset Management Company Limited
Rating	☆☆☆
Risk	Moderately Low
Expense Ratio	0.86
Sharpe Ratio	0.92
Information Ratio	0
Alpha Ratio	0
Min Investment	100,000
Min SIP Investment	300
Exit Load	0-1 Months (0.25%),1 Months and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
30 Jun 20	₹10,000
30 Jun 21	₹10,343
30 Jun 22	₹10,698
30 Jun 23	₹11,324
30 Jun 24	₹12,198
30 Jun 25	₹13,053

HDFC Arbitrage Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹349,120.
Net Profit of ₹49,120 Invest Now

Returns for HDFC Arbitrage Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 18 Jul 25

Duration	Returns
1 Month	0.5%
3 Month	1.4%
6 Month	3.2%
1 Year	6.8%
3 Year	7%
5 Year	5.6%
10 Year
15 Year
Since launch	6.5%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	7.7%
2023	7.2%
2022	4.2%
2021	3.6%
2020	3.7%
2019	6%
2018	5.7%
2017	5.3%
2016	6.6%
2015	7.6%

Fund Manager information for HDFC Arbitrage Fund

Name	Since	Tenure
Anil Bamboli	1 Feb 22	3.33 Yr.
Arun Agarwal	24 Aug 20	4.77 Yr.
Dhruv Muchhal	22 Jun 23	1.95 Yr.
Nandita Menezes	29 Mar 25	0.18 Yr.

Data below for HDFC Arbitrage Fund as on 30 Jun 25

Asset Allocation

Asset Class	Value
Cash	95.7%
Debt	4.64%
Other	0.04%

Equity Sector Allocation

Sector	Value
Financial Services	23.91%
Basic Materials	8.62%
Technology	7.64%
Consumer Cyclical	7.62%
Energy	5.84%
Industrials	5.34%
Health Care	4.93%
Utility	4.75%
Consumer Defensive	3.81%
Communication Services	3.64%
Real Estate	1.18%

Debt Sector Allocation

Sector	Value
Cash Equivalent	88.84%
Corporate	7.99%
Government	3.52%

Credit Quality

Rating	Value
AA	8%
AAA	92%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Money Market Dir Gr Investment Fund \| -	11%	₹2,341 Cr	4,031,366
Future on ICICI Bank Ltd Derivatives \| -	6%	-₹1,202 Cr
ICICI Bank Ltd (Financial Services) Equity, Since 30 Jun 24 \| ICICIBANK	6%	₹1,194 Cr	8,259,300 ↓ -642,600
Future on HDFC Bank Ltd Derivatives \| -	6%	-₹1,148 Cr
HDFC Bank Ltd (Financial Services) Equity, Since 31 Jan 23 \| HDFCBANK	6%	₹1,142 Cr	5,870,150 ↑ 1,046,650
HDFC Liquid Dir Gr Investment Fund \| -	5%	₹1,126 Cr	2,185,844 ↑ 97,116
Infosys Limited Derivatives \| -	4%	-₹825 Cr
Infosys Ltd (Technology) Equity, Since 31 Oct 23 \| INFY	4%	₹821 Cr	5,255,200 ↑ 701,600
Future on Reliance Industries Ltd Derivatives \| -	4%	-₹753 Cr
Reliance Industries Ltd (Energy) Equity, Since 31 Oct 21 \| RELIANCE	4%	₹748 Cr	5,261,500 ↑ 1,827,000

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Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.