+91-22-489139098 Best Hybrid Balanced Mutual Funds 2026
Hybrid Funds are also commonly known as Balanced Fund. Hybrid funds are a type of Mutual Funds that invest in both equity and debt mutual funds. In other words, this fund acts as a combination of both debt and equity, where about 65% of the Portfolio is dedicated to equities and the rest to fixed income instruments.
Hybrid funds are a great option for the investors who fear of Investing in Equity Funds. This fund will reduce the risk portion and also help in gaining optimal returns over the time. To earn the best possible profits, investors are advised to invest in best hybrid mutual funds or best balanced funds. Thus, to make the process of investing easy for you, we have shortlisted some of the top performing hybrid funds to invest in 2026 - 2027 in article below.
Fund Selection Methodology used to find 8 funds
Why Invest in Hybrid or Balanced Mutual Funds?
Hybrid funds help in balancing the portfolio. As the fund invests in both stocks and Bonds, investors can easily create a balanced portfolio by investing in a balanced mutual fund. This scheme also provides diversification benefits. Diversification helps in generating stable returns; so that if one fund underperforms, others can stabilise the portfolio. This will reduce the overall risk of the portfolio.
Hybrid or balanced funds are also a gateway for those who want to begin their equity investments. This will help in gaining optimal returns within a short to mid tenure. This will also prevent the larger downfall of equity from the ever-changing market conditions. Moreover, hybrid funds carry a moderate level of risk, whereas equity funds have a high level of investment risk.
Ideally, hybrid funds can be a good investment option for investors who want to invest in Mutual Funds. These funds have the best of both worlds: the advantages of equities while gaining the benefits of a fixed income investment. Thus, investors can choose the above listed best hybrid mutual funds and earn good profits by investing in the scheme.
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Top 8 Hybrid Mutual Funds for Investments in FY 26 - 27
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2025 (%) Sundaram Equity Hybrid Fund Growth ₹135.137
↑ 0.78 ₹1,954 0.5 10.5 27.1 16 14.2 Bandhan Hybrid Equity Fund Growth ₹28.726
↑ 0.12 ₹2,663 1.1 6.5 7.6 14.5 10.4 7.7 BOI AXA Mid and Small Cap Equity and Debt Fund Growth ₹42.04
↑ 0.29 ₹2,196 -1 2.5 10.5 13.8 12.4 -0.9 ICICI Prudential Equity and Debt Fund Growth ₹410.66
↑ 1.36 ₹50,706 -0.2 1.8 1.5 13.2 12.9 13.3 SBI Equity Hybrid Fund Growth ₹321.581
↑ 1.38 ₹86,163 0.6 4.1 4.6 12.6 9.2 12.3 Kotak Equity Hybrid Fund Growth ₹65.376
↑ 0.25 ₹9,040 -1.5 1.8 2.7 12.1 10 4.1 Aditya Birla Sun Life Balanced Advantage Fund Growth ₹115.89
↑ 0.30 ₹9,836 1 5.6 7.4 11.8 9.3 10.1 Axis Dynamic Equity Fund Growth ₹22.1
↑ 0.07 ₹3,651 1.4 4.1 3.2 11.7 8.7 7 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 31 Dec 21 Research Highlights & Commentary of 8 Funds showcased
Commentary Sundaram Equity Hybrid Fund Bandhan Hybrid Equity Fund BOI AXA Mid and Small Cap Equity and Debt Fund ICICI Prudential Equity and Debt Fund SBI Equity Hybrid Fund Kotak Equity Hybrid Fund Aditya Birla Sun Life Balanced Advantage Fund Axis Dynamic Equity Fund Point 1 Bottom quartile AUM (₹1,954 Cr). Lower mid AUM (₹2,663 Cr). Bottom quartile AUM (₹2,196 Cr). Top quartile AUM (₹50,706 Cr). Highest AUM (₹86,163 Cr). Upper mid AUM (₹9,040 Cr). Upper mid AUM (₹9,836 Cr). Lower mid AUM (₹3,651 Cr). Point 2 Established history (26+ yrs). Established history (9+ yrs). Established history (10+ yrs). Oldest track record among peers (27 yrs). Established history (21+ yrs). Established history (12+ yrs). Established history (26+ yrs). Established history (9+ yrs). Point 3 Rating: 2★ (lower mid). Not Rated. Not Rated. Top rated. Rating: 4★ (top quartile). Rating: 3★ (upper mid). Rating: 3★ (upper mid). Not 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. Risk profile: Moderately High. Risk profile: Moderately High. Point 5 5Y return: 14.20% (top quartile). 5Y return: 10.38% (upper mid). 5Y return: 12.42% (upper mid). 5Y return: 12.89% (top quartile). 5Y return: 9.25% (bottom quartile). 5Y return: 9.99% (lower mid). 5Y return: 9.29% (lower mid). 5Y return: 8.70% (bottom quartile). Point 6 3Y return: 16.03% (top quartile). 3Y return: 14.47% (top quartile). 3Y return: 13.83% (upper mid). 3Y return: 13.20% (upper mid). 3Y return: 12.64% (lower mid). 3Y return: 12.05% (lower mid). 3Y return: 11.84% (bottom quartile). 3Y return: 11.67% (bottom quartile). Point 7 1Y return: 27.10% (top quartile). 1Y return: 7.55% (upper mid). 1Y return: 10.46% (top quartile). 1Y return: 1.51% (bottom quartile). 1Y return: 4.65% (lower mid). 1Y return: 2.75% (bottom quartile). 1Y return: 7.40% (upper mid). 1Y return: 3.22% (lower mid). Point 8 1M return: 1.80% (bottom quartile). 1M return: 6.44% (top quartile). 1M return: -1.18% (bottom quartile). 1M return: 5.71% (upper mid). 1M return: 5.98% (upper mid). 1M return: 3.96% (lower mid). 1M return: 5.42% (lower mid). 1M return: 6.25% (top quartile). Point 9 Alpha: 5.81 (top quartile). Alpha: 6.68 (top quartile). Alpha: 0.00 (upper mid). Alpha: -0.22 (bottom quartile). Alpha: 3.76 (upper mid). Alpha: 0.00 (lower mid). Alpha: 0.00 (lower mid). Alpha: 0.00 (bottom quartile). Point 10 Sharpe: 2.64 (top quartile). Sharpe: 0.01 (upper mid). Sharpe: 0.54 (top quartile). Sharpe: -0.47 (bottom quartile). Sharpe: -0.17 (lower mid). Sharpe: -0.24 (lower mid). Sharpe: -0.04 (upper mid). Sharpe: -0.44 (bottom quartile). Sundaram Equity Hybrid Fund
Bandhan Hybrid Equity Fund
BOI AXA Mid and Small Cap Equity and Debt Fund
ICICI Prudential Equity and Debt Fund
SBI Equity Hybrid Fund
Kotak Equity Hybrid Fund
Aditya Birla Sun Life Balanced Advantage Fund
Axis Dynamic Equity Fund
*List of Funds is bases on Assets > 500 Crore & Sorted on 3 Year CAGR Returns.
Hybrid / Balanced Mutual Funds Basics
1. Understanding Balanced Funds
In India, Balance funds typically invest 65% of their portfolio in stocks/equity/shares and the remainder of their resources in bonds and other debt instruments like corporate bond/ Government Bonds/ Infrastrcuture Bonds. So balanced funds are usually equity-oriented hybrid funds. They serve as a suitable option for first-time investors who have low-risk appetite. They are for investors who do not want to take on risky options but still want capital appreciation. Also there are Debt oriented hybrid/balanced funds having 65% and 35% Equity.
2. Types of Hybrid Mutual Funds
Based on recent (Mar - Apr 2018) categorization of Mutual funds by SEBI. Types of hybrid fund as follows.
| Type | Details |
|---|---|
| Hybrid Equity | 65% Equity 35% Debt |
| Hybrid Debt | 65% Debt 35% Equity |
| Arbitrage | 100% Equity Arbitrage |
| Dynamic Allocation | Dynamic Allocaiton based on valuations |
| Equity Savings | arbitrage opportunities, investment in equity / equity related instruments and debt / money market instruments |
| Multi Asset | Multiple Asset like floating rate and fixed rate debt instruments, equity, money market instruments and derivatives |
| Balanced Hybrid | 50% Equity 50% Debt |
3. Advantages of Balanced Funds
Balance funds provide a convenience of diversification in form of a single docket of a mutual fund. An investor thus needs to go through the hassle of analyzing and selecting a bouquet of funds. A professionally trained and experienced fund manager does this job for the investor. A calculated combination of debt and equity components makes the funds less vulnerable to market Volatility. The equity components of the fund are aimed at generating capital appreciation and their debt components serve as securities to shield the investment from unforeseen market corrections.
4. Disadvantages of Balanced Funds
While it might seem that balanced funds are virtually risk-free, it is not entirely the case. Balanced funds have their own share of risk. While in case of a direct investment across a number of stocks and debt instruments, one can relocate the resources among different funds as diversification for Tax Planning or wealth creation. However, in balance funds, since the decision of resource allocation is with the fund manager, customized diversification is not possible.
5. Better risk-based returns
Balanced funds have given better risk-adjusted returns in the long run compared to equity returns. A comparison is given below is based on certain assumption which might change time to time in future.
| Fund Category | 5-year rolling return | Risk-based Std. deviation |
|---|---|---|
| Balanced Funds | 13.20% | 2.9 |
| Large cap funds | 12.90% | 3.47 |
| mid-cap and Large cap funds | 13.96% | 3.82 |
| Diversified Funds | 14.91% | 3.96 |
(Erstwhile Sundaram Balanced Fund) The scheme seeks to generate capital appreciation and current income through a judicious mix of investments in equities and fixed income securities. Below is the key information for Sundaram Equity Hybrid Fund Returns up to 1 year are on (Erstwhile IDFC Balanced Fund) The Fund seeks to generate long term capital appreciation along with current income by investing in a mix of equity and equity related securities, debt securities and money market instruments. There is no assurance or guarantee that the objectives of the scheme will be realised. Research Highlights for Bandhan Hybrid Equity Fund Below is the key information for Bandhan Hybrid Equity Fund Returns up to 1 year are on (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 Below is the key information for BOI AXA Mid and Small Cap Equity and Debt Fund Returns up to 1 year are on (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 Below is the key information for ICICI Prudential Equity and Debt Fund Returns up to 1 year are on (Erstwhile SBI Magnum Balanced Fund) To provide investors long term capital appreciation along with the liquidity of open-ended scheme by investing in a mix of debt and equity. The scheme will invest in a diversified portfolio of equities of high growth companies and balance the risk through investing the rest in a relatively safe portfolio of debt. Research Highlights for SBI Equity Hybrid Fund Below is the key information for SBI Equity Hybrid Fund Returns up to 1 year are on (Erstwhile Kotak Balance Fund) The objective of the Scheme is to achieve growth by investing in equity and equity related instruments, balanced with income generation by investing in debt and money market instruments. Research Highlights for Kotak Equity Hybrid Fund Below is the key information for Kotak Equity Hybrid Fund Returns up to 1 year are on The primary objective of the Scheme is to generate long term growth of capital and income distribution with relatively lower volatility by investing in a dynamically balanced portfolio of Equity & Equity linked investments and fixed-income securities. Research Highlights for Aditya Birla Sun Life Balanced Advantage Fund Below is the key information for Aditya Birla Sun Life Balanced Advantage Fund Returns up to 1 year are on To generate capital appreciation by investing in a portfolio of equity or equity linked securities while secondary objective is to generate income through investments in debt and money market instruments. It also aims to manage risk through active asset allocation. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns. Research Highlights for Axis Dynamic Equity Fund Below is the key information for Axis Dynamic Equity Fund Returns up to 1 year are on 1. Sundaram Equity Hybrid Fund
Sundaram Equity Hybrid Fund
Growth Launch Date 23 Jun 00 NAV (31 Dec 21) ₹135.137 ↑ 0.78 (0.58 %) Net Assets (Cr) ₹1,954 on 30 Nov 21 Category Hybrid - Hybrid Equity AMC Sundaram Asset Management Company Ltd Rating ☆☆ Risk Moderately High Expense Ratio 2.18 Sharpe Ratio 2.64 Information Ratio -0.12 Alpha Ratio 5.81 Min Investment 5,000 Min SIP Investment 100 Exit Load 0-12 Months (1%),12 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value Returns for Sundaram Equity Hybrid Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Dec 21 Duration Returns 1 Month 1.8% 3 Month 0.5% 6 Month 10.5% 1 Year 27.1% 3 Year 16% 5 Year 14.2% 10 Year 15 Year Since launch 12.8% Historical performance (Yearly) on absolute basis
Year Returns 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 Fund Manager information for Sundaram Equity Hybrid Fund
Name Since Tenure Data below for Sundaram Equity Hybrid Fund as on 30 Nov 21
Asset Allocation
Asset Class Value Equity Sector Allocation
Sector Value Debt Sector Allocation
Sector Value Credit Quality
Rating Value Top Securities Holdings / Portfolio
Name Holding Value Quantity 2. Bandhan Hybrid Equity Fund
Bandhan Hybrid Equity Fund
Growth Launch Date 30 Dec 16 NAV (09 Nov 26) ₹28.726 ↑ 0.12 (0.40 %) Net Assets (Cr) ₹2,663 on 30 Sep 26 Category Hybrid - Hybrid Equity AMC IDFC Asset Management Company Limited Rating Risk Moderately High Expense Ratio 2.15 Sharpe Ratio 0.01 Information Ratio 0.83 Alpha Ratio 6.68 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 Oct 21 ₹10,000 31 Oct 22 ₹10,129 31 Oct 23 ₹10,877 31 Oct 24 ₹14,191 31 Oct 25 ₹15,645 31 Oct 26 ₹15,679 Returns for Bandhan Hybrid Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Dec 21 Duration Returns 1 Month 6.4% 3 Month 1.1% 6 Month 6.5% 1 Year 7.6% 3 Year 14.5% 5 Year 10.4% 10 Year 15 Year Since launch 11.3% Historical performance (Yearly) on absolute basis
Year Returns 2025 7.7% 2024 21% 2023 20.4% 2022 -1.1% 2021 30.8% 2020 13.9% 2019 4.7% 2018 -3.8% 2017 16.2% 2016 Fund Manager information for Bandhan Hybrid Equity Fund
Name Since Tenure Harshal Joshi 28 Jul 21 5.18 Yr. Brijesh Shah 10 Jun 24 2.31 Yr. Prateek Poddar 7 Jun 24 2.32 Yr. Ritika Behera 7 Oct 23 2.98 Yr. Gaurav Satra 7 Jun 24 2.32 Yr. Data below for Bandhan Hybrid Equity Fund as on 30 Sep 26
Asset Allocation
Asset Class Value Cash 4.13% Equity 78.35% Debt 17.51% Other 0% Equity Sector Allocation
Sector Value Financial Services 22.79% Consumer Cyclical 12.51% Industrials 8.01% Technology 7.74% Health Care 6.12% Basic Materials 6.06% Consumer Defensive 4.12% Energy 3.6% Utility 3.43% Communication Services 2.63% Real Estate 1.33% Debt Sector Allocation
Sector Value Corporate 15.24% Cash Equivalent 3.44% Government 2.97% Credit Quality
Rating Value AA 2.38% AAA 97.62% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jul 24 | ICICIBANK5% ₹145 Cr 1,100,588
↑ 65,081 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 24 | HDFCBANK5% ₹125 Cr 1,764,594
↑ 129,696 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 20 | RELIANCE4% ₹96 Cr 808,517
↑ 31,144 State Bank of India (Financial Services)
Equity, Since 28 Feb 21 | SBIN3% ₹77 Cr 807,383
↑ 34,077 NTPC Ltd (Utilities)
Equity, Since 28 Feb 23 | 5325553% ₹73 Cr 2,251,786
↑ 39,877 Power Finance Corporation Limited
Debentures | -3% ₹70 Cr 7,000,000
↑ 2,500,000 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 May 24 | M&M2% ₹55 Cr 187,507
↑ 16,570 7.3% Govt Stock 2053
Sovereign Bonds | -2% ₹53 Cr 5,500,000 JSW Steel Ltd (Basic Materials)
Equity, Since 31 Mar 25 | JSWSTEEL2% ₹53 Cr 420,659
↑ 29,496 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Jan 17 | LT2% ₹51 Cr 135,989
↑ 3,229 3. 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 (09 Nov 26) ₹42.04 ↑ 0.29 (0.69 %) Net Assets (Cr) ₹2,196 on 30 Sep 26 Category Hybrid - Hybrid Equity AMC BOI AXA Investment Mngrs Private Ltd Rating Risk Moderately High Expense Ratio 2.04 Sharpe Ratio 0.54 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 Oct 21 ₹10,000 31 Oct 22 ₹10,013 31 Oct 23 ₹12,110 31 Oct 24 ₹16,781 31 Oct 25 ₹16,958 31 Oct 26 ₹17,894 Returns for BOI AXA Mid and Small Cap Equity and Debt Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Dec 21 Duration Returns 1 Month -1.2% 3 Month -1% 6 Month 2.5% 1 Year 10.5% 3 Year 13.8% 5 Year 12.4% 10 Year 15 Year Since launch 15% Historical performance (Yearly) on absolute basis
Year Returns 2025 -0.9% 2024 25.8% 2023 33.7% 2022 -4.8% 2021 54.5% 2020 31.1% 2019 -4.7% 2018 -14.2% 2017 47.1% 2016 Fund Manager information for BOI AXA Mid and Small Cap Equity and Debt Fund
Name Since Tenure Alok Singh 16 Feb 17 9.63 Yr. Data below for BOI AXA Mid and Small Cap Equity and Debt Fund as on 30 Sep 26
Asset Allocation
Asset Class Value Cash 15.42% Equity 70.02% Debt 14.56% Equity Sector Allocation
Sector Value Financial Services 15.69% Industrials 14.08% Health Care 9.62% Technology 9.52% Basic Materials 7.21% Consumer Cyclical 7.15% Consumer Defensive 3.54% Energy 1.04% Real Estate 0.7% Utility 0.48% Communication Services 0.29% Debt Sector Allocation
Sector Value Corporate 14.02% Cash Equivalent 9.68% Government 6.28% Credit Quality
Rating Value AA 4.67% AAA 95.33% Top Securities Holdings / Portfolio
Name Holding Value Quantity Bank of Maharashtra (Financial Services)
Equity, Since 31 May 24 | MAHABANK3% ₹72 Cr 9,070,000
↑ 2,970,000 The Federal Bank Ltd (Financial Services)
Equity, Since 30 Jun 26 | FEDERALBNK2% ₹54 Cr 1,700,004
↑ 550,000 Sterlite Technologies Ltd (Technology)
Equity, Since 30 Apr 26 | STLTECH2% ₹54 Cr 592,439 Balrampur Chini Mills Ltd (Consumer Defensive)
Equity, Since 31 Jan 21 | BALRAMCHIN2% ₹44 Cr 670,000 Optiemus Infracom Ltd (Technology)
Equity, Since 30 Sep 26 | OPTIEMUS2% ₹43 Cr 559,789
↑ 559,789 Quality Power Electrical Equipments Ltd (Industrials)
Equity, Since 30 Sep 25 | QPOWER2% ₹43 Cr 271,005
↑ 9,427 Power Finance Corporation Limited
Debentures | -2% ₹42 Cr 4,200,000 Abbott India Ltd (Healthcare)
Equity, Since 31 Jan 23 | ABBOTINDIA2% ₹41 Cr 15,000 Aurobindo Pharma Ltd (Healthcare)
Equity, Since 31 Jan 26 | AUROPHARMA2% ₹40 Cr 240,000 Mankind Pharma Ltd (Healthcare)
Equity, Since 30 Jun 26 | MANKIND2% ₹40 Cr 160,000 4. ICICI Prudential Equity and Debt Fund
ICICI Prudential Equity and Debt Fund
Growth Launch Date 3 Nov 99 NAV (09 Nov 26) ₹410.66 ↑ 1.36 (0.33 %) Net Assets (Cr) ₹50,706 on 30 Sep 26 Category Hybrid - Hybrid Equity AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.55 Sharpe Ratio -0.47 Information Ratio 1.31 Alpha Ratio -0.22 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 Oct 21 ₹10,000 31 Oct 22 ₹11,059 31 Oct 23 ₹12,767 31 Oct 24 ₹17,111 31 Oct 25 ₹18,712 31 Oct 26 ₹17,816 Returns for ICICI Prudential Equity and Debt Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Dec 21 Duration Returns 1 Month 5.7% 3 Month -0.2% 6 Month 1.8% 1 Year 1.5% 3 Year 13.2% 5 Year 12.9% 10 Year 15 Year Since launch 14.7% Historical performance (Yearly) on absolute basis
Year Returns 2025 13.3% 2024 17.2% 2023 28.2% 2022 11.7% 2021 41.7% 2020 9% 2019 9.3% 2018 -1.9% 2017 24.8% 2016 13.7% Fund Manager information for ICICI Prudential Equity and Debt Fund
Name Since Tenure Sankaran Naren 7 Dec 15 10.82 Yr. Manish Banthia 19 Sep 13 13.04 Yr. Mittul Kalawadia 29 Dec 20 5.76 Yr. Akhil Kakkar 22 Jan 24 2.69 Yr. Sharmila D'Silva 31 Jul 22 4.17 Yr. Nitya Mishra 4 Nov 24 1.91 Yr. Data below for ICICI Prudential Equity and Debt Fund as on 30 Sep 26
Asset Allocation
Asset Class Value Cash 2.87% Equity 74.93% Debt 22.19% Equity Sector Allocation
Sector Value Financial Services 22.85% Consumer Cyclical 10.79% Industrials 7.48% Energy 6.62% Consumer Defensive 6.43% Health Care 5.38% Utility 4.18% Basic Materials 3.54% Real Estate 2.68% Communication Services 2.35% Technology 1.35% Debt Sector Allocation
Sector Value Government 12.87% Corporate 10.63% Cash Equivalent 1.57% Credit Quality
Rating Value A 1.76% AA 26.53% AAA 71.71% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 21 | HDFCBANK6% ₹3,014 Cr 42,532,166
↓ -2,275,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jul 12 | ICICIBANK5% ₹2,483 Cr 18,783,840 Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 22 | RELIANCE4% ₹2,219 Cr 18,689,980 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 May 16 | SUNPHARMA4% ₹1,790 Cr 9,853,039 NTPC Ltd (Utilities)
Equity, Since 28 Feb 17 | 5325553% ₹1,677 Cr 51,962,814 TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 28 Feb 18 | 5323433% ₹1,635 Cr 3,981,427 Life Insurance Corporation of India (Financial Services)
Equity, Since 31 Dec 25 | LICI3% ₹1,463 Cr 37,007,543 Avenue Supermarts Ltd (Consumer Defensive)
Equity, Since 31 Jan 23 | 5403763% ₹1,370 Cr 3,604,932
↑ 79,050 6.94% Govt Stock 2036
Sovereign Bonds | -3% ₹1,359 Cr 138,183,800
↑ 120,000,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 21 | 5322153% ₹1,291 Cr 10,531,926 5. SBI Equity Hybrid Fund
SBI Equity Hybrid Fund
Growth Launch Date 19 Jan 05 NAV (09 Nov 26) ₹321.581 ↑ 1.38 (0.43 %) Net Assets (Cr) ₹86,163 on 30 Sep 26 Category Hybrid - Hybrid Equity AMC SBI Funds Management Private Limited Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.38 Sharpe Ratio -0.17 Information Ratio 0.91 Alpha Ratio 3.76 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.
Date Value 31 Oct 21 ₹10,000 31 Oct 22 ₹10,210 31 Oct 23 ₹10,872 31 Oct 24 ₹13,511 31 Oct 25 ₹15,190 31 Oct 26 ₹14,934 Returns for SBI Equity Hybrid Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Dec 21 Duration Returns 1 Month 6% 3 Month 0.6% 6 Month 4.1% 1 Year 4.6% 3 Year 12.6% 5 Year 9.2% 10 Year 15 Year Since launch 14.4% Historical performance (Yearly) on absolute basis
Year Returns 2025 12.3% 2024 14.2% 2023 16.4% 2022 2.3% 2021 23.6% 2020 12.9% 2019 13.5% 2018 -0.1% 2017 27.7% 2016 3.7% Fund Manager information for SBI Equity Hybrid Fund
Name Since Tenure R. Srinivasan 1 Jan 12 14.76 Yr. Rajeev Radhakrishnan 1 Dec 23 2.84 Yr. Data below for SBI Equity Hybrid Fund as on 30 Sep 26
Asset Allocation
Asset Class Value Cash 6.96% Equity 73.26% Debt 19.78% Equity Sector Allocation
Sector Value Financial Services 21.09% Industrials 7.53% Utility 7.41% Basic Materials 7.4% Health Care 6.08% Consumer Cyclical 5.57% Energy 5.24% Technology 4.99% Consumer Defensive 4.4% Communication Services 2.24% Real Estate 1.3% Debt Sector Allocation
Sector Value Corporate 15.44% Cash Equivalent 6.85% Government 4.46% Credit Quality
Rating Value A 2.87% AA 48.26% AAA 48.87% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 28 Feb 17 | ICICIBANK4% ₹3,569 Cr 27,000,000 Solar Industries India Ltd (Basic Materials)
Equity, Since 31 Jul 16 | SOLARINDS4% ₹3,498 Cr 1,775,495
↓ -14,505 State Bank of India (Financial Services)
Equity, Since 28 Feb 14 | SBIN4% ₹3,166 Cr 33,000,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Apr 24 | KOTAKBANK3% ₹2,919 Cr 70,000,000 Adani Power Ltd (Utilities)
Equity, Since 30 Sep 25 | 5330963% ₹2,652 Cr 130,000,000 Adani Energy Solutions Ltd (Utilities)
Equity, Since 31 Aug 25 | ADANIENSOL3% ₹2,498 Cr 19,000,000 Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Sep 16 | 5000343% ₹2,207 Cr 23,000,000 Adani Enterprises Ltd (Energy)
Equity, Since 30 Jun 26 | 5125993% ₹2,166 Cr 7,460,874 MRF Ltd (Consumer Cyclical)
Equity, Since 31 May 18 | 5002902% ₹2,130 Cr 170,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 May 11 | HDFCBANK2% ₹2,126 Cr 30,000,000
↑ 3,000,000 6. Kotak Equity Hybrid Fund
Kotak Equity Hybrid Fund
Growth Launch Date 3 Nov 14 NAV (09 Nov 26) ₹65.376 ↑ 0.25 (0.38 %) Net Assets (Cr) ₹9,040 on 30 Sep 26 Category Hybrid - Hybrid Equity AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 1.78 Sharpe Ratio -0.24 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 Oct 21 ₹10,000 31 Oct 22 ₹10,495 31 Oct 23 ₹11,517 31 Oct 24 ₹15,283 31 Oct 25 ₹16,166 31 Oct 26 ₹15,633 Returns for Kotak Equity Hybrid Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Dec 21 Duration Returns 1 Month 4% 3 Month -1.5% 6 Month 1.8% 1 Year 2.7% 3 Year 12.1% 5 Year 10% 10 Year 15 Year Since launch 11.5% Historical performance (Yearly) on absolute basis
Year Returns 2025 4.1% 2024 21.7% 2023 20.1% 2022 5% 2021 28.9% 2020 15.4% 2019 14.1% 2018 -6.2% 2017 23.2% 2016 11% Fund Manager information for Kotak Equity Hybrid Fund
Name Since Tenure Abhishek Bisen 4 Jun 09 17.33 Yr. Atul Bhole 22 Jan 24 2.69 Yr. Data below for Kotak Equity Hybrid Fund as on 30 Sep 26
Asset Allocation
Asset Class Value Cash 17% Equity 74.41% Debt 8.59% Equity Sector Allocation
Sector Value Financial Services 26.81% Health Care 10.44% Industrials 9.59% Technology 7.75% Consumer Cyclical 7.55% Basic Materials 5.67% Communication Services 2.9% Consumer Defensive 1.68% Energy 1.43% Real Estate 0.6% Debt Sector Allocation
Sector Value Cash Equivalent 13.73% Government 6.14% Corporate 5.71% Credit Quality
Rating Value AA 9.78% AAA 90.22% Top Securities Holdings / Portfolio
Name Holding Value Quantity Eternal Ltd (Consumer Cyclical)
Equity, Since 30 Nov 24 | ETERNAL3% ₹294 Cr 9,187,882 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 10 | ICICIBANK3% ₹270 Cr 2,040,708
↓ -100,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 29 Feb 24 | BHARTIARTL3% ₹262 Cr 1,491,129
↓ -100,000 State Bank of India (Financial Services)
Equity, Since 31 Aug 25 | SBIN3% ₹259 Cr 2,700,000 Fortis Healthcare Ltd (Healthcare)
Equity, Since 31 Mar 24 | 5328433% ₹246 Cr 3,201,167 Shriram Finance Ltd (Financial Services)
Equity, Since 31 Jan 24 | SHRIRAMFIN3% ₹229 Cr 2,334,465 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 11 | HDFCBANK3% ₹226 Cr 3,191,624 Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 31 Jul 25 | CHOLAFIN3% ₹226 Cr 1,395,184 Molbio Diagnostics Ltd (Healthcare)
Equity, Since 31 Aug 26 | MOLBIO2% ₹196 Cr 1,500,000
↑ 300,000 Bharat Electronics Ltd (Industrials)
Equity, Since 31 Mar 24 | BEL2% ₹185 Cr 4,752,357 7. Aditya Birla Sun Life Balanced Advantage Fund
Aditya Birla Sun Life Balanced Advantage Fund
Growth Launch Date 25 Apr 00 NAV (09 Nov 26) ₹115.89 ↑ 0.30 (0.26 %) Net Assets (Cr) ₹9,836 on 30 Sep 26 Category Hybrid - Dynamic Allocation AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 1.77 Sharpe Ratio -0.04 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 100 Exit Load 0-365 Days (1%),365 Days and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Oct 21 ₹10,000 31 Oct 22 ₹10,242 31 Oct 23 ₹11,120 31 Oct 24 ₹13,669 31 Oct 25 ₹14,750 31 Oct 26 ₹14,978 Returns for Aditya Birla Sun Life Balanced Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Dec 21 Duration Returns 1 Month 5.4% 3 Month 1% 6 Month 5.6% 1 Year 7.4% 3 Year 11.8% 5 Year 9.3% 10 Year 15 Year Since launch Historical performance (Yearly) on absolute basis
Year Returns 2025 10.1% 2024 13% 2023 16.5% 2022 4.2% 2021 13.4% 2020 15.4% 2019 8.1% 2018 0.7% 2017 15.2% 2016 16.3% Fund Manager information for Aditya Birla Sun Life Balanced Advantage Fund
Name Since Tenure Harish Krishnan 31 Oct 24 1.92 Yr. Lovelish Solanki 9 Oct 19 6.98 Yr. Mohit Sharma 1 Apr 17 9.51 Yr. Rohit Karan 2 Apr 26 0.5 Yr. Data below for Aditya Birla Sun Life Balanced Advantage Fund as on 30 Sep 26
Asset Allocation
Asset Class Value Cash 10.01% Equity 74.92% Debt 15.07% Equity Sector Allocation
Sector Value Financial Services 20.48% Consumer Cyclical 10.26% Industrials 8.69% Technology 6.58% Basic Materials 6.29% Health Care 5.76% Real Estate 5.05% Consumer Defensive 4.76% Utility 3.52% Communication Services 1.94% Energy 1.87% Debt Sector Allocation
Sector Value Corporate 12.37% Cash Equivalent 10.01% Government 2.7% Credit Quality
Rating Value AA 35.73% AAA 64.27% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK4% ₹375 Cr 2,839,476 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Apr 18 | KOTAKBANK3% ₹290 Cr 6,962,513
↓ -20,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 17 | HDFCBANK3% ₹263 Cr 3,708,552 IndiGrid Infrastructure Trust Units Series - IV (Utilities)
Equity, Since 31 Dec 23 | INDIGRID2% ₹217 Cr 12,713,026 Reliance Industries Ltd (Energy)
Equity, Since 30 Sep 18 | RELIANCE2% ₹197 Cr 1,660,633 State Bank of India (Financial Services)
Equity, Since 31 Oct 20 | SBIN2% ₹191 Cr 1,988,137 Future on Axis Bank Ltd
Derivatives | -2% -₹166 Cr Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 18 | 5322152% ₹166 Cr 1,350,000 Tech Mahindra Ltd (Technology)
Equity, Since 31 May 17 | 5327552% ₹159 Cr 1,043,641 Sona BLW Precision Forgings Ltd (Consumer Cyclical)
Equity, Since 31 Aug 22 | SONACOMS2% ₹158 Cr 1,900,000 8. Axis Dynamic Equity Fund
Axis Dynamic Equity Fund
Growth Launch Date 1 Aug 17 NAV (09 Nov 26) ₹22.1 ↑ 0.07 (0.32 %) Net Assets (Cr) ₹3,651 on 30 Sep 26 Category Hybrid - Dynamic Allocation AMC Axis Asset Management Company Limited Rating Risk Moderately High Expense Ratio 1.93 Sharpe Ratio -0.45 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load 0-12 Months (1%),12 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Oct 21 ₹10,000 31 Oct 22 ₹10,035 31 Oct 23 ₹10,861 31 Oct 24 ₹14,056 31 Oct 25 ₹14,882 31 Oct 26 ₹14,549 Returns for Axis Dynamic Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 31 Dec 21 Duration Returns 1 Month 6.3% 3 Month 1.4% 6 Month 4.1% 1 Year 3.2% 3 Year 11.7% 5 Year 8.7% 10 Year 15 Year Since launch 8.9% Historical performance (Yearly) on absolute basis
Year Returns 2025 7% 2024 17.5% 2023 20% 2022 -0.4% 2021 15.7% 2020 10.1% 2019 5.9% 2018 2.7% 2017 2016 Fund Manager information for Axis Dynamic Equity Fund
Name Since Tenure Devang Shah 5 Apr 24 2.49 Yr. Hardik Shah 31 Jan 22 4.67 Yr. Jayesh Sundar 28 Sep 23 3.01 Yr. Data below for Axis Dynamic Equity Fund as on 30 Sep 26
Asset Allocation
Asset Class Value Cash 17.71% Equity 61.77% Debt 20.52% Equity Sector Allocation
Sector Value Financial Services 21.61% Consumer Cyclical 9.62% Industrials 5.63% Technology 4.78% Health Care 4.54% Energy 3.8% Consumer Defensive 3.38% Communication Services 3.12% Real Estate 2.24% Basic Materials 1.93% Utility 1.6% Debt Sector Allocation
Sector Value Cash Equivalent 15.8% Corporate 15.72% Government 6.71% Credit Quality
Rating Value AA 42.66% AAA 57.34% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | ICICIBANK6% ₹212 Cr 1,605,062 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Aug 17 | HDFCBANK6% ₹206 Cr 2,908,646
↓ -650 Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 17 | RELIANCE4% ₹162 Cr 1,363,657 State Bank of India (Financial Services)
Equity, Since 31 May 21 | SBIN3% ₹119 Cr 1,238,820
↓ -38,004 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Aug 17 | KOTAKBANK2% ₹87 Cr 2,094,719 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 22 | BHARTIARTL2% ₹87 Cr 494,498 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Jul 21 | LT2% ₹80 Cr 214,070
↓ -5,950 Infosys Ltd (Technology)
Equity, Since 31 Dec 17 | INFY2% ₹80 Cr 808,320 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Jul 20 | M&M2% ₹73 Cr 249,129
↓ -18,000 Apollo Hospitals Enterprise Ltd (Healthcare)
Equity, Since 30 Apr 24 | APOLLOHOSP2% ₹67 Cr 81,790
↑ 3,354
Tax Implications
All the mutual funds with an equity exposure of 65% or more on an average are treated as equity asset class for taxation purpose. So the short-term Capital Gains meaning the gains booked with one year of the equity-oriented balance are taxed at 15%. If these funds are held for a period more than 12 months, their long-term capital gains are taxed at 10% if the gains booked exceed Rs. 1 lakh (as per the latest budget of 2018).
For debt oriented Hybrid Funds tax is 20% with indexation benefit as any other debt instrument if holding is for 3 years or above. Short term is taxed at marginal rate of tax (as per tax slab).
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Research Highlights for Sundaram Equity Hybrid Fund