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5 Best Performing Balanced Debt Funds SIP Investment 2024

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Best Balanced Debt Funds for SIP Investment 2024

Updated on November 3, 2024 , 1044 views

Balanced funds act as a combination of both equity and debt mutual fund. In a debt ordinated- Balanced Fund, a major portion of its Portfolio is invested in debt and money market instruments, while a small portion in equity instruments. These funds have the capacity to deliver consistent returns in the long-run. The equity portion of the portfolio would benefit from the rising equity markets. However, investors who want to earn the best possible returns are advised to invest in the best performing balanced debt SIP funds, as listed below.

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Top 5 Best Performing Balanced Debt Funds to Invest in a SIP

FundNAVNet Assets (Cr)Min SIP Investment3 MO (%)6 MO (%)1 YR (%)3 YR (%)2023 (%)Debt Yield (YTM)Mod. DurationEff. Maturity
HDFC Hybrid Debt Fund Growth ₹79.216
↑ 0.14
₹3,342 300 1.65.715.89.913.97.41%4Y 9M 22D8Y 2M 12D
SBI Debt Hybrid Fund Growth ₹69.8394
↑ 0.15
₹10,182 500 26.814.79.612.27.82%4Y 6M 29D7Y 6M 25D
Kotak Debt Hybrid Fund Growth ₹56.4314
↑ 0.09
₹2,886 1,000 2.26.517.29.513.96.98%7Y 7M 17D17Y 10M 24D
ICICI Prudential MIP 25 Growth ₹71.8254
↑ 0.17
₹3,254 100 1.96.514.9911.48.22%1Y 10M 6D3Y 9M 4D
DSP BlackRock Regular Savings Fund Growth ₹55.9466
↑ 0.15
₹181 500 2.36.915.38.7127.03%2Y 7M 13D3Y 3M 18D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 5 Nov 24

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 10.4% since its launch.  Ranked 16 in Hybrid Debt category.  Return for 2023 was 13.9% , 2022 was 6% and 2021 was 13.4% .

Below is the key information for HDFC Hybrid Debt Fund

HDFC Hybrid Debt Fund
Growth
Launch Date 26 Dec 03
NAV (05 Nov 24) ₹79.216 ↑ 0.14   (0.18 %)
Net Assets (Cr) ₹3,342 on 30 Sep 24
Category Hybrid - Hybrid Debt
AMC HDFC Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 1.79
Sharpe Ratio 2.64
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.

DateValue
31 Oct 19₹10,000
31 Oct 20₹10,361
31 Oct 21₹12,609
31 Oct 22₹13,161
31 Oct 23₹14,474
31 Oct 24₹16,810

HDFC Hybrid Debt Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹395,578.
Net Profit of ₹95,578
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 5 Nov 24

DurationReturns
1 Month -0.1%
3 Month 1.6%
6 Month 5.7%
1 Year 15.8%
3 Year 9.9%
5 Year 11%
10 Year
15 Year
Since launch 10.4%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2014 24.9%
Fund Manager information for HDFC Hybrid Debt Fund
NameSinceTenure
Shobhit Mehrotra1 Sep 0717.09 Yr.
Srinivasan Ramamurthy14 Dec 212.8 Yr.
Dhruv Muchhal22 Jun 231.28 Yr.

Data below for HDFC Hybrid Debt Fund as on 30 Sep 24

Asset Allocation
Asset ClassValue
Cash2.49%
Equity23.2%
Debt74.07%
Other0.25%
Equity Sector Allocation
SectorValue
Financial Services8.36%
Energy2.59%
Health Care2.51%
Technology2.45%
Industrials2.43%
Utility1.52%
Consumer Cyclical1.47%
Communication Services1.02%
Consumer Defensive0.85%
Debt Sector Allocation
SectorValue
Government40.61%
Corporate32.87%
Cash Equivalent2.49%
Securitized0.58%
Credit Quality
RatingValue
AA11.95%
AAA88.05%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Sikka Ports & Terminals Limited
Debentures | -
3%₹100 Cr1,000
7.3% Govt Stock 2053
Sovereign Bonds | -
2%₹79 Cr7,500,000
HDFC Bank Limited
Debentures | -
2%₹76 Cr7,500
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
2%₹75 Cr590,000
6.68% Govt Stock 2031
Sovereign Bonds | -
2%₹75 Cr7,500,000
07.18 Goi 2028
Sovereign Bonds | -
2%₹72 Cr7,000,000
HDFC Bank Ltd (Financial Services)
Equity, Since 15 Dec 21 | HDFCBANK
2%₹61 Cr350,000
07.23 Goi 2064
Sovereign Bonds | -
2%₹52 Cr5,000,000
Indian Railway Finance Corporation Limited
Debentures | -
2%₹52 Cr500
National Highways Authority Of India
Debentures | -
2%₹52 Cr500

2. SBI Debt Hybrid Fund

(Erstwhile SBI Magnum Monthly Income Plan)

To provide regular income, liquidity and attractive returns to the investors through an actively managed portfolio of debt, equity and money market instruments. Income may be generated through the receipt of coupon payments, the amortization of the discount on the debt instruments, receipt of dividends or purchase and sale of securities in the underlying portfolio.

SBI Debt Hybrid Fund is a Hybrid - Hybrid Debt fund was launched on 9 Apr 01. It is a fund with Moderate risk and has given a CAGR/Annualized return of 8.6% since its launch.  Ranked 5 in Hybrid Debt category.  Return for 2023 was 12.2% , 2022 was 4.5% and 2021 was 14.1% .

Below is the key information for SBI Debt Hybrid Fund

SBI Debt Hybrid Fund
Growth
Launch Date 9 Apr 01
NAV (05 Nov 24) ₹69.8394 ↑ 0.15   (0.22 %)
Net Assets (Cr) ₹10,182 on 15 Oct 24
Category Hybrid - Hybrid Debt
AMC SBI Funds Management Private Limited
Rating
Risk Moderate
Expense Ratio 1.11
Sharpe Ratio 2.65
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 500
Exit Load 0-1 Years (1%),1 Years and above(NIL)

Growth of 10,000 investment over the years.

DateValue
31 Oct 19₹10,000
31 Oct 20₹10,667
31 Oct 21₹12,832
31 Oct 22₹13,505
31 Oct 23₹14,778
31 Oct 24₹16,968

SBI Debt Hybrid Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹405,518.
Net Profit of ₹105,518
Invest Now

Returns for SBI Debt 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 5 Nov 24

DurationReturns
1 Month -0.1%
3 Month 2%
6 Month 6.8%
1 Year 14.7%
3 Year 9.6%
5 Year 11.2%
10 Year
15 Year
Since launch 8.6%
Historical performance (Yearly) on absolute basis
YearReturns
2023 12.2%
2022 4.5%
2021 14.1%
2020 13.5%
2019 8.1%
2018 -0.2%
2017 8.5%
2016 12.5%
2015 8.2%
2014 18%
Fund Manager information for SBI Debt Hybrid Fund
NameSinceTenure
Saurabh Pant1 Jan 222.75 Yr.
Mansi Sajeja30 Jun 213.26 Yr.
Pradeep Kesavan1 Dec 230.84 Yr.

Data below for SBI Debt Hybrid Fund as on 15 Oct 24

Asset Allocation
Asset ClassValue
Cash3.47%
Equity24.31%
Debt71.96%
Other0.26%
Equity Sector Allocation
SectorValue
Financial Services6.52%
Industrials5.82%
Consumer Cyclical4.01%
Consumer Defensive2.44%
Technology2.23%
Basic Materials1.77%
Health Care0.97%
Energy0.54%
Debt Sector Allocation
SectorValue
Corporate50.54%
Government20.42%
Cash Equivalent4.47%
Credit Quality
RatingValue
AA29.33%
AAA70.67%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
National Bank For Agriculture And Rural Development
Debentures | -
4%₹430 Cr42,500
7.34% Govt Stock 2064
Sovereign Bonds | -
4%₹422 Cr40,000,000
↑ 5,000,000
7.30 Goi 19062053
Sovereign Bonds | -
4%₹368 Cr35,000,000
↓ -25,000,000
Tata Power Renewable Energy Ltd. (Guaranteed By Tata Power Ltd.)
Debentures | -
3%₹301 Cr30,000
↑ 30,000
Aditya Birla Renewables Limited
Debentures | -
3%₹301 Cr30,000
↑ 30,000
Infopark Properties Ltd.
Debentures | -
3%₹300 Cr30,000
Bajaj Finance Limited
Debentures | -
3%₹251 Cr25,000
Tata Communications Limited
Debentures | -
2%₹200 Cr20,000
West Bengal (Government of) 7.15%
- | -
2%₹200 Cr20,000,000
↑ 20,000,000
Godrej Properties Limited
Debentures | -
2%₹199 Cr20,000

3. Kotak Debt Hybrid Fund

(Erstwhile Kotak Monthly Income Plan)

To enhance returns over a portfolio of debt instruments with a moderate exposure in equity and equity related instruments.

Kotak Debt Hybrid Fund is a Hybrid - Hybrid Debt fund was launched on 2 Dec 03. It is a fund with Moderate risk and has given a CAGR/Annualized return of 8.6% since its launch.  Ranked 9 in Hybrid Debt category.  Return for 2023 was 13.9% , 2022 was 4.3% and 2021 was 13.3% .

Below is the key information for Kotak Debt Hybrid Fund

Kotak Debt Hybrid Fund
Growth
Launch Date 2 Dec 03
NAV (05 Nov 24) ₹56.4314 ↑ 0.09   (0.16 %)
Net Assets (Cr) ₹2,886 on 30 Sep 24
Category Hybrid - Hybrid Debt
AMC Kotak Mahindra Asset Management Co Ltd
Rating
Risk Moderate
Expense Ratio 1.76
Sharpe Ratio 2.8
Information Ratio 1.36
Alpha Ratio 2.06
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.

DateValue
31 Oct 19₹10,000
31 Oct 20₹10,844
31 Oct 21₹13,075
31 Oct 22₹13,543
31 Oct 23₹14,620
31 Oct 24₹17,240

Kotak Debt Hybrid Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹405,518.
Net Profit of ₹105,518
Invest Now

Returns for Kotak Debt 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 5 Nov 24

DurationReturns
1 Month -0.6%
3 Month 2.2%
6 Month 6.5%
1 Year 17.2%
3 Year 9.5%
5 Year 11.5%
10 Year
15 Year
Since launch 8.6%
Historical performance (Yearly) on absolute basis
YearReturns
2023 13.9%
2022 4.3%
2021 13.3%
2020 13.9%
2019 11.2%
2018 -0.1%
2017 10.2%
2016 13%
2015 5.4%
2014 19.7%
Fund Manager information for Kotak Debt Hybrid Fund
NameSinceTenure
Abhishek Bisen1 Apr 0816.51 Yr.
Shibani Kurian3 Sep 240.08 Yr.

Data below for Kotak Debt Hybrid Fund as on 30 Sep 24

Asset Allocation
Asset ClassValue
Cash7.31%
Equity23.56%
Debt68.9%
Other0.23%
Equity Sector Allocation
SectorValue
Consumer Cyclical4.96%
Financial Services4.51%
Consumer Defensive3.64%
Utility2.25%
Technology2.19%
Energy1.75%
Industrials1.61%
Communication Services1.38%
Basic Materials0.71%
Health Care0.42%
Real Estate0.14%
Debt Sector Allocation
SectorValue
Government64.25%
Cash Equivalent7.31%
Corporate4.65%
Credit Quality
RatingValue
A1.04%
AA2.03%
AAA96.93%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
07.18 Goi 2028
Sovereign Bonds | -
20%₹586 Cr56,780,510
↓ -500,000
7.25% Govt Stock 2063
Sovereign Bonds | -
8%₹229 Cr22,000,000
7.3% Govt Stock 2053
Sovereign Bonds | -
7%₹210 Cr19,941,510
↓ -1,500,000
7.02% Govt Stock 2031
Sovereign Bonds | -
6%₹173 Cr17,000,000
7.34% Govt Stock 2064
Sovereign Bonds | -
5%₹138 Cr13,099,200
↑ 5,599,200
7.46% Govt Stock 2073
Sovereign Bonds | -
5%₹134 Cr12,499,990
7.32% Govt Stock 2030
Sovereign Bonds | -
4%₹119 Cr11,500,000
7.17% Govt Stock 2030
Sovereign Bonds | -
2%₹59 Cr5,805,420
7.09% Govt Stock 2054
Sovereign Bonds | -
2%₹51 Cr5,000,000
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Dec 20 | MARUTI
2%₹45 Cr33,850

4. ICICI Prudential MIP 25

The Scheme seeks to generate regular income through investments primarily in debt and money market instruments. As a secondary objective, the Scheme also seeks to generate long term capital appreciation from the portion of equity investments under the Scheme. However, there can be no assurance that the investment objectives of the Scheme will be realized.

ICICI Prudential MIP 25 is a Hybrid - Hybrid Debt fund was launched on 30 Mar 04. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 10% since its launch.  Ranked 2 in Hybrid Debt category.  Return for 2023 was 11.4% , 2022 was 5.1% and 2021 was 9.9% .

Below is the key information for ICICI Prudential MIP 25

ICICI Prudential MIP 25
Growth
Launch Date 30 Mar 04
NAV (05 Nov 24) ₹71.8254 ↑ 0.17   (0.24 %)
Net Assets (Cr) ₹3,254 on 15 Oct 24
Category Hybrid - Hybrid Debt
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 1.74
Sharpe Ratio 3.25
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.

DateValue
31 Oct 19₹10,000
31 Oct 20₹10,793
31 Oct 21₹12,359
31 Oct 22₹12,929
31 Oct 23₹13,957
31 Oct 24₹16,055

ICICI Prudential MIP 25 SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹385,859.
Net Profit of ₹85,859
Invest Now

Returns for ICICI Prudential MIP 25

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 5 Nov 24

DurationReturns
1 Month -0.1%
3 Month 1.9%
6 Month 6.5%
1 Year 14.9%
3 Year 9%
5 Year 9.9%
10 Year
15 Year
Since launch 10%
Historical performance (Yearly) on absolute basis
YearReturns
2023 11.4%
2022 5.1%
2021 9.9%
2020 10.9%
2019 9.6%
2018 5.1%
2017 12.9%
2016 10.9%
2015 6.4%
2014 22.5%
Fund Manager information for ICICI Prudential MIP 25
NameSinceTenure
Manish Banthia19 Sep 1311.04 Yr.
Akhil Kakkar22 Jan 240.69 Yr.
Roshan Chutkey2 May 222.42 Yr.
Sharmila D’mello31 Jul 222.17 Yr.

Data below for ICICI Prudential MIP 25 as on 15 Oct 24

Asset Allocation
Asset ClassValue
Cash16.54%
Equity21.69%
Debt61.5%
Other0.26%
Equity Sector Allocation
SectorValue
Financial Services7.82%
Health Care4.75%
Consumer Cyclical3.29%
Communication Services1.42%
Basic Materials1.37%
Consumer Defensive1.25%
Utility0.75%
Technology0.59%
Industrials0.44%
Debt Sector Allocation
SectorValue
Corporate44.67%
Government24.34%
Cash Equivalent7.52%
Securitized1.51%
Credit Quality
RatingValue
A10.09%
AA39.28%
AAA50.63%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
8% Govt Stock 2034
Sovereign Bonds | -
10%₹337 Cr33,404,750
07.18 Goi 14082033
Sovereign Bonds | -
8%₹265 Cr25,815,500
7.38% Govt Stock 2027
Sovereign Bonds | -
4%₹117 Cr11,500,000
L&T Metro Rail (Hyderabad) Limited
Debentures | -
3%₹83 Cr850
360 One Prime Limited
Debentures | -
2%₹75 Cr7,500
JM Financial Products Limited
Debentures | -
2%₹70 Cr700
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 19 | ICICIBANK
2%₹68 Cr536,823
Yes Bank Limited
Debentures | -
2%₹63 Cr650
Prestige Estates Projects Limited
Debentures | -
2%₹60 Cr600
7.26% Govt Stock 2033
Sovereign Bonds | -
2%₹56 Cr5,463,150

5. DSP BlackRock Regular Savings Fund

(Erstwhile DSP BlackRock MIP Fund)

The scheme is seeking to generate an attractive return, consistent with prudent risk, from a portfolio which is substantially constituted of quality debt securities. The scheme will also seek to generate capital appreciation by investing a smaller portion of its corpus in equity and equity related securities of the 100 largest corporates by market capitalisation, listed in India.

DSP BlackRock Regular Savings Fund is a Hybrid - Hybrid Debt fund was launched on 11 Jun 04. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 8.8% since its launch.  Ranked 22 in Hybrid Debt category.  Return for 2023 was 12% , 2022 was 3.5% and 2021 was 7.8% .

Below is the key information for DSP BlackRock Regular Savings Fund

DSP BlackRock Regular Savings Fund
Growth
Launch Date 11 Jun 04
NAV (05 Nov 24) ₹55.9466 ↑ 0.15   (0.27 %)
Net Assets (Cr) ₹181 on 30 Sep 24
Category Hybrid - Hybrid Debt
AMC DSP BlackRock Invmt Managers Pvt. Ltd.
Rating
Risk Moderately High
Expense Ratio 1.14
Sharpe Ratio 2.99
Information Ratio 0.4
Alpha Ratio 3.42
Min Investment 1,000
Min SIP Investment 500
Exit Load 0-12 Months (1%),12 Months and above(NIL)

Growth of 10,000 investment over the years.

DateValue
31 Oct 19₹10,000
31 Oct 20₹10,530
31 Oct 21₹11,819
31 Oct 22₹12,115
31 Oct 23₹13,136
31 Oct 24₹15,153

DSP BlackRock Regular Savings Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹376,357.
Net Profit of ₹76,357
Invest Now

Returns for DSP BlackRock Regular 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 5 Nov 24

DurationReturns
1 Month 0.1%
3 Month 2.3%
6 Month 6.9%
1 Year 15.3%
3 Year 8.7%
5 Year 8.7%
10 Year
15 Year
Since launch 8.8%
Historical performance (Yearly) on absolute basis
YearReturns
2023 12%
2022 3.5%
2021 7.8%
2020 9.3%
2019 6.9%
2018 -5.3%
2017 11%
2016 10.7%
2015 4.8%
2014 18.5%
Fund Manager information for DSP BlackRock Regular Savings Fund
NameSinceTenure
Abhishek Singh31 May 213.34 Yr.
Shantanu Godambe1 Aug 240.17 Yr.

Data below for DSP BlackRock Regular Savings Fund as on 30 Sep 24

Asset Allocation
Asset ClassValue
Cash2.43%
Equity22.61%
Debt74.67%
Other0.29%
Equity Sector Allocation
SectorValue
Financial Services10.06%
Consumer Cyclical2.82%
Health Care2.72%
Basic Materials1.79%
Consumer Defensive1.3%
Technology1.29%
Industrials0.81%
Utility0.76%
Energy0.56%
Communication Services0.49%
Debt Sector Allocation
SectorValue
Government55.7%
Corporate18.96%
Cash Equivalent2.43%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
07.32 Goi 2030
Sovereign Bonds | -
13%₹23 Cr2,200,000
7.02% Govt Stock 2031
Sovereign Bonds | -
9%₹16 Cr1,500,000
Power Grid Corporation Of India Limited
Debentures | -
6%₹11 Cr100
7.10% Govt Stock 18042028
Sovereign Bonds | -
6%₹10 Cr1,000,000
07.06 Goi 2028
Sovereign Bonds | -
6%₹10 Cr1,000,000
Rec Limited
Debentures | -
6%₹10 Cr100
Indian Oil Corporation Limited
Debentures | -
6%₹10 Cr100
Power Finance Corporation Limited
Debentures | -
4%₹8 Cr250
HDFC Bank Ltd (Financial Services)
Equity, Since 15 Jul 23 | HDFCBANK
3%₹5 Cr30,613
7.10%Goi 08/04/2034
Sovereign Bonds | -
3%₹5 Cr500,000

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.
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