+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.
Talk to our investment specialist
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 (%) BOI AXA Mid and Small Cap Equity and Debt Fund Growth ₹40.02
↓ -0.47 ₹1,282 5.9 4.2 13.6 19.9 17.3 -0.9 ICICI Prudential Equity and Debt Fund Growth ₹399.84
↓ -2.36 ₹46,700 -0.8 -1.8 5.1 17.7 18.3 13.3 JM Equity Hybrid Fund Growth ₹114.296
↓ -0.92 ₹652 -2.5 -6.9 -0.9 16.3 14.1 -3.1 Sundaram Equity Hybrid Fund Growth ₹135.137
↑ 0.78 ₹1,954 0.5 10.5 27.1 16 14.2 HDFC Balanced Advantage Fund Growth ₹514.735
↓ -3.01 ₹98,458 -2.1 -3.1 2.5 15.4 17 7.2 Bandhan Hybrid Equity Fund Growth ₹26.488
↓ -0.16 ₹1,676 0.2 -1.8 8.7 15.4 13 7.7 Kotak Equity Hybrid Fund Growth ₹63.018
↓ -0.50 ₹7,812 0.9 -1.5 7.8 14.5 13.1 4.1 SBI Equity Hybrid Fund Growth ₹307.344
↓ -1.59 ₹76,292 1.8 -0.8 6.5 14.3 12 12.3 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 30 Apr 26 Research Highlights & Commentary of 8 Funds showcased
Commentary BOI AXA Mid and Small Cap Equity and Debt Fund ICICI Prudential Equity and Debt Fund JM Equity Hybrid Fund Sundaram Equity Hybrid Fund HDFC Balanced Advantage Fund Bandhan Hybrid Equity Fund Kotak Equity Hybrid Fund SBI Equity Hybrid Fund Point 1 Bottom quartile AUM (₹1,282 Cr). Upper mid AUM (₹46,700 Cr). Bottom quartile AUM (₹652 Cr). Lower mid AUM (₹1,954 Cr). Highest AUM (₹98,458 Cr). Lower mid AUM (₹1,676 Cr). Upper mid AUM (₹7,812 Cr). Top quartile AUM (₹76,292 Cr). Point 2 Established history (9+ yrs). Established history (26+ yrs). Oldest track record among peers (31 yrs). Established history (25+ yrs). Established history (25+ yrs). Established history (9+ yrs). Established history (11+ yrs). Established history (21+ yrs). Point 3 Not Rated. Top rated. Rating: 1★ (lower mid). Rating: 2★ (lower mid). Rating: 4★ (top quartile). Not Rated. Rating: 3★ (upper mid). Rating: 4★ (upper mid). Point 4 Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderately High. Point 5 5Y return: 17.29% (top quartile). 5Y return: 18.27% (top quartile). 5Y return: 14.07% (lower mid). 5Y return: 14.20% (upper mid). 5Y return: 17.04% (upper mid). 5Y return: 13.01% (bottom quartile). 5Y return: 13.10% (lower mid). 5Y return: 12.05% (bottom quartile). Point 6 3Y return: 19.86% (top quartile). 3Y return: 17.68% (top quartile). 3Y return: 16.32% (upper mid). 3Y return: 16.03% (upper mid). 3Y return: 15.43% (lower mid). 3Y return: 15.38% (lower mid). 3Y return: 14.47% (bottom quartile). 3Y return: 14.33% (bottom quartile). Point 7 1Y return: 13.63% (top quartile). 1Y return: 5.07% (lower mid). 1Y return: -0.94% (bottom quartile). 1Y return: 27.10% (top quartile). 1Y return: 2.52% (bottom quartile). 1Y return: 8.72% (upper mid). 1Y return: 7.84% (upper mid). 1Y return: 6.46% (lower mid). Point 8 1M return: 12.48% (top quartile). 1M return: 6.61% (lower mid). 1M return: 8.13% (lower mid). 1M return: 1.80% (bottom quartile). 1M return: 6.46% (bottom quartile). 1M return: 8.28% (upper mid). 1M return: 9.61% (top quartile). 1M return: 9.10% (upper mid). Point 9 Alpha: 0.00 (lower mid). Alpha: 2.02 (upper mid). Alpha: -5.37 (bottom quartile). Alpha: 5.81 (top quartile). Alpha: 0.00 (lower mid). Alpha: 2.97 (top quartile). Alpha: 0.00 (bottom quartile). Alpha: 1.22 (upper mid). Point 10 Sharpe: -0.22 (top quartile). Sharpe: -0.33 (upper mid). Sharpe: -0.95 (bottom quartile). Sharpe: 2.64 (top quartile). Sharpe: -0.60 (bottom quartile). Sharpe: -0.26 (upper mid). Sharpe: -0.33 (lower mid). Sharpe: -0.42 (lower mid). BOI AXA Mid and Small Cap Equity and Debt Fund
ICICI Prudential Equity and Debt Fund
JM Equity Hybrid Fund
Sundaram Equity Hybrid Fund
HDFC Balanced Advantage Fund
Bandhan Hybrid Equity Fund
Kotak Equity Hybrid Fund
SBI Equity Hybrid 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 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 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 JM Balanced Fund) To provide steady current income as well as long term growth of capital. Research Highlights for JM Equity Hybrid Fund Below is the key information for JM Equity Hybrid Fund Returns up to 1 year are on (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. Research Highlights for Sundaram Equity Hybrid Fund Below is the key information for Sundaram Equity Hybrid Fund Returns up to 1 year are on (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 Below is the key information for HDFC Balanced Advantage 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 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 (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 1. 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 (30 Apr 26) ₹40.02 ↓ -0.47 (-1.16 %) Net Assets (Cr) ₹1,282 on 31 Mar 26 Category Hybrid - Hybrid Equity AMC BOI AXA Investment Mngrs Private Ltd Rating Risk Moderately High Expense Ratio 2.27 Sharpe Ratio -0.22 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 30 Apr 21 ₹10,000 30 Apr 22 ₹12,651 30 Apr 23 ₹12,890 30 Apr 24 ₹19,185 30 Apr 25 ₹19,534 30 Apr 26 ₹22,196 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 30 Apr 26 Duration Returns 1 Month 12.5% 3 Month 5.9% 6 Month 4.2% 1 Year 13.6% 3 Year 19.9% 5 Year 17.3% 10 Year 15 Year Since launch 15.2% 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 9.13 Yr. Data below for BOI AXA Mid and Small Cap Equity and Debt Fund as on 31 Mar 26
Asset Allocation
Asset Class Value Cash 8.83% Equity 77.56% Debt 13.62% Equity Sector Allocation
Sector Value Financial Services 16.65% Industrials 15.04% Basic Materials 13.2% Health Care 11.96% Consumer Cyclical 10.74% Consumer Defensive 3.59% Technology 3.22% Energy 1.24% Utility 0.86% Real Estate 0.54% Communication Services 0.52% Debt Sector Allocation
Sector Value Government 8.34% Corporate 7.79% Cash Equivalent 6.32% Credit Quality
Rating Value AA 1.65% AAA 98.35% Top Securities Holdings / Portfolio
Name Holding Value Quantity Abbott India Ltd (Healthcare)
Equity, Since 31 Jan 23 | ABBOTINDIA3% ₹39 Cr 15,000 UNO Minda Ltd (Consumer Cyclical)
Equity, Since 31 Jul 19 | UNOMINDA3% ₹34 Cr 331,037
↑ 69,415 Indian Bank (Financial Services)
Equity, Since 31 Aug 23 | 5328143% ₹32 Cr 380,000
↑ 30,000 Glenmark Pharmaceuticals Ltd (Healthcare)
Equity, Since 31 Jul 25 | 5322962% ₹32 Cr 150,000 Aurobindo Pharma Ltd (Healthcare)
Equity, Since 31 Jan 26 | AUROPHARMA2% ₹31 Cr 240,000 Lloyds Metals & Energy Ltd (Basic Materials)
Equity, Since 28 Feb 25 | 5124552% ₹28 Cr 221,723
↑ 35,030 Bharat Dynamics Ltd Ordinary Shares (Industrials)
Equity, Since 31 Jul 24 | BDL2% ₹27 Cr 242,000 Eris Lifesciences Ltd Registered Shs (Healthcare)
Equity, Since 31 Jul 23 | ERIS2% ₹26 Cr 202,783 JK Cement Ltd (Basic Materials)
Equity, Since 31 Aug 22 | JKCEMENT2% ₹26 Cr 51,000
↑ 7,000 Jindal Stainless Ltd (Basic Materials)
Equity, Since 30 Sep 21 | JSL2% ₹26 Cr 359,000
↑ 73,000 2. ICICI Prudential Equity and Debt Fund
ICICI Prudential Equity and Debt Fund
Growth Launch Date 3 Nov 99 NAV (30 Apr 26) ₹399.84 ↓ -2.36 (-0.59 %) Net Assets (Cr) ₹46,700 on 31 Mar 26 Category Hybrid - Hybrid Equity AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.6 Sharpe Ratio -0.33 Information Ratio 1.81 Alpha Ratio 2.02 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 30 Apr 21 ₹10,000 30 Apr 22 ₹13,080 30 Apr 23 ₹14,202 30 Apr 24 ₹19,959 30 Apr 25 ₹22,027 30 Apr 26 ₹23,144 Returns for ICICI Prudential Equity and Debt Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Apr 26 Duration Returns 1 Month 6.6% 3 Month -0.8% 6 Month -1.8% 1 Year 5.1% 3 Year 17.7% 5 Year 18.3% 10 Year 15 Year Since launch 14.9% 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 10.32 Yr. Manish Banthia 19 Sep 13 12.54 Yr. Mittul Kalawadia 29 Dec 20 5.26 Yr. Akhil Kakkar 22 Jan 24 2.19 Yr. Sri Sharma 30 Apr 21 4.92 Yr. Sharmila D'Silva 31 Jul 22 3.67 Yr. Nitya Mishra 4 Nov 24 1.41 Yr. Data below for ICICI Prudential Equity and Debt Fund as on 31 Mar 26
Asset Allocation
Asset Class Value Cash 6.74% Equity 77.78% Debt 15.44% Equity Sector Allocation
Sector Value Financial Services 18.33% Consumer Cyclical 10.7% Consumer Defensive 7.5% Industrials 7.38% Energy 7.15% Health Care 6.4% Utility 5.96% Technology 5.49% Real Estate 3.01% Communication Services 2.4% Basic Materials 2.23% Debt Sector Allocation
Sector Value Corporate 10.8% Government 8.55% Cash Equivalent 2.87% Credit Quality
Rating Value A 1.64% AA 17.56% AAA 80.8% Top Securities Holdings / Portfolio
Name Holding Value Quantity NTPC Ltd (Utilities)
Equity, Since 28 Feb 17 | 5325555% ₹2,437 Cr 65,759,814
↓ -1,300,745 Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 22 | RELIANCE5% ₹2,400 Cr 17,861,065
↓ -277,844 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jul 12 | ICICIBANK5% ₹2,341 Cr 19,413,840 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 21 | HDFCBANK5% ₹2,334 Cr 31,909,139
↑ 5,428,174 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 May 16 | SUNPHARMA5% ₹2,119 Cr 12,056,468
↓ -87,755 TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 28 Feb 18 | 5323433% ₹1,339 Cr 3,981,427 Avenue Supermarts Ltd (Consumer Defensive)
Equity, Since 31 Jan 23 | 5403763% ₹1,254 Cr 3,168,463
↓ -50,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 21 | 5322153% ₹1,243 Cr 10,707,447 InterGlobe Aviation Ltd (Industrials)
Equity, Since 28 Feb 23 | INDIGO2% ₹1,055 Cr 2,675,996
↑ 140,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Mar 24 | TCS2% ₹979 Cr 4,151,035
↑ 550,000 3. JM Equity Hybrid Fund
JM Equity Hybrid Fund
Growth Launch Date 1 Apr 95 NAV (30 Apr 26) ₹114.296 ↓ -0.92 (-0.80 %) Net Assets (Cr) ₹652 on 31 Mar 26 Category Hybrid - Hybrid Equity AMC JM Financial Asset Management Limited Rating ☆ Risk Moderately High Expense Ratio 2.3 Sharpe Ratio -0.95 Information Ratio 0.45 Alpha Ratio -5.37 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 30 Apr 21 ₹10,000 30 Apr 22 ₹11,150 30 Apr 23 ₹12,270 30 Apr 24 ₹19,179 30 Apr 25 ₹19,495 30 Apr 26 ₹19,313 Returns for JM Equity Hybrid Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Apr 26 Duration Returns 1 Month 8.1% 3 Month -2.5% 6 Month -6.9% 1 Year -0.9% 3 Year 16.3% 5 Year 14.1% 10 Year 15 Year Since launch 12% Historical performance (Yearly) on absolute basis
Year Returns 2025 -3.1% 2024 27% 2023 33.8% 2022 8.1% 2021 22.9% 2020 30.5% 2019 -8.1% 2018 1.7% 2017 18.5% 2016 3% Fund Manager information for JM Equity Hybrid Fund
Name Since Tenure Satish Ramanathan 1 Oct 24 1.5 Yr. Asit Bhandarkar 31 Dec 21 4.25 Yr. Ruchi Fozdar 4 Oct 24 1.49 Yr. Deepak Gupta 11 Apr 25 0.97 Yr. Data below for JM Equity Hybrid Fund as on 31 Mar 26
Asset Allocation
Asset Class Value Cash 6.37% Equity 74.98% Debt 18.66% Equity Sector Allocation
Sector Value Financial Services 24.26% Consumer Cyclical 11.67% Technology 11.18% Industrials 10.54% Basic Materials 4.23% Health Care 4.16% Communication Services 3.71% Consumer Defensive 2.41% Energy 1.9% Utility 0.88% Real Estate 0.04% Debt Sector Allocation
Sector Value Corporate 12.82% Government 9.54% Cash Equivalent 2.66% Credit Quality
Rating Value AA 12.89% AAA 87.11% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 24 | HDFCBANK4% ₹31 Cr 350,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 May 21 | LT4% ₹27 Cr 64,000
↓ -14,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 24 | BHARTIARTL4% ₹27 Cr 145,246 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 Jan 25 | BAJFINANCE4% ₹27 Cr 270,040
↓ -15,000 Multi Commodity Exchange of India Ltd (Financial Services)
Equity, Since 31 May 25 | MCX3% ₹23 Cr 95,380
↓ -44,000 Ujjivan Small Finance Bank Ltd Ordinary Shares (Financial Services)
Equity, Since 31 Jan 25 | UJJIVANSFB3% ₹23 Cr 3,968,585
↓ -1,505,780 6.48% Gs 2035
Sovereign Bonds | -3% ₹21 Cr 2,175,000
↑ 100,000 Vedanta Ltd (Basic Materials)
Equity, Since 31 Mar 25 | VEDL3% ₹20 Cr 280,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Oct 25 | AXISBANK3% ₹19 Cr 134,516 Canara Bank (Financial Services)
Equity, Since 30 Sep 25 | CANBK2% ₹18 Cr 1,129,319
↓ -100,000 4. 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 30 Apr 21 ₹10,000 Returns for Sundaram Equity Hybrid Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Apr 26 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 5. HDFC Balanced Advantage Fund
HDFC Balanced Advantage Fund
Growth Launch Date 11 Sep 00 NAV (30 Apr 26) ₹514.735 ↓ -3.01 (-0.58 %) Net Assets (Cr) ₹98,458 on 31 Mar 26 Category Hybrid - Dynamic Allocation AMC HDFC Asset Management Company Limited Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.36 Sharpe Ratio -0.6 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 Apr 21 ₹10,000 30 Apr 22 ₹12,384 30 Apr 23 ₹14,276 30 Apr 24 ₹19,967 30 Apr 25 ₹21,419 30 Apr 26 ₹21,959 Returns for HDFC Balanced Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Apr 26 Duration Returns 1 Month 6.5% 3 Month -2.1% 6 Month -3.1% 1 Year 2.5% 3 Year 15.4% 5 Year 17% 10 Year 15 Year Since launch 17.7% Historical performance (Yearly) on absolute basis
Year Returns 2025 7.2% 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% Fund Manager information for HDFC Balanced Advantage Fund
Name Since Tenure Anil Bamboli 29 Jul 22 3.68 Yr. Gopal Agrawal 29 Jul 22 3.68 Yr. Arun Agarwal 6 Oct 22 3.49 Yr. Srinivasan Ramamurthy 29 Jul 22 3.68 Yr. Dhruv Muchhal 22 Jun 23 2.78 Yr. Nandita Menezes 29 Mar 25 1.01 Yr. Data below for HDFC Balanced Advantage Fund as on 31 Mar 26
Asset Allocation
Asset Class Value Cash 4.15% Equity 71.07% Debt 24.78% Equity Sector Allocation
Sector Value Financial Services 24.04% Industrials 8.07% Energy 7.52% Consumer Cyclical 7.42% Technology 5.66% Health Care 4.44% Utility 4.37% Communication Services 3.16% Basic Materials 2.39% Consumer Defensive 2.2% Real Estate 1.78% Debt Sector Allocation
Sector Value Corporate 12.81% Government 12.45% Cash Equivalent 3.66% Credit Quality
Rating Value AA 0.92% AAA 99.08% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK5% ₹5,136 Cr 37,244,463
↑ 5,000,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 22 | HDFCBANK4% ₹4,837 Cr 54,490,502
↑ 3,000,000 State Bank of India (Financial Services)
Equity, Since 31 May 07 | SBIN4% ₹4,206 Cr 35,000,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 21 | RELIANCE4% ₹4,039 Cr 28,973,065
↑ 901,323 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Aug 20 | BHARTIARTL3% ₹3,039 Cr 16,172,037
↑ 1,000,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Jun 12 | LT3% ₹2,815 Cr 6,579,083 Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 17 | AXISBANK3% ₹2,744 Cr 19,825,582 NTPC Ltd (Utilities)
Equity, Since 31 Aug 16 | NTPC2% ₹2,425 Cr 63,500,000 7.18% Gs 2033
Sovereign Bonds | -2% ₹2,255 Cr 218,533,300 Infosys Ltd (Technology)
Equity, Since 31 Oct 09 | INFY2% ₹2,115 Cr 16,266,004 6. Bandhan Hybrid Equity Fund
Bandhan Hybrid Equity Fund
Growth Launch Date 30 Dec 16 NAV (30 Apr 26) ₹26.488 ↓ -0.16 (-0.59 %) Net Assets (Cr) ₹1,676 on 31 Mar 26 Category Hybrid - Hybrid Equity AMC IDFC Asset Management Company Limited Rating Risk Moderately High Expense Ratio 2.35 Sharpe Ratio -0.26 Information Ratio 0.56 Alpha Ratio 2.97 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 30 Apr 21 ₹10,000 30 Apr 22 ₹11,580 30 Apr 23 ₹12,000 30 Apr 24 ₹15,244 30 Apr 25 ₹16,954 30 Apr 26 ₹18,433 Returns for Bandhan Hybrid Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Apr 26 Duration Returns 1 Month 8.3% 3 Month 0.2% 6 Month -1.8% 1 Year 8.7% 3 Year 15.4% 5 Year 13% 10 Year 15 Year Since launch 11% 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 4.68 Yr. Brijesh Shah 10 Jun 24 1.81 Yr. Prateek Poddar 7 Jun 24 1.82 Yr. Ritika Behera 7 Oct 23 2.48 Yr. Gaurav Satra 7 Jun 24 1.82 Yr. Data below for Bandhan Hybrid Equity Fund as on 31 Mar 26
Asset Allocation
Asset Class Value Cash 3.6% Equity 76.68% Debt 19.72% Equity Sector Allocation
Sector Value Financial Services 21.6% Consumer Cyclical 11.85% Industrials 7.02% Technology 6.83% Basic Materials 6.27% Health Care 5.69% Energy 4.69% Consumer Defensive 4.16% Utility 3.96% Communication Services 3.41% Real Estate 1.2% Debt Sector Allocation
Sector Value Corporate 13.23% Government 8.21% Cash Equivalent 1.88% Credit Quality
Rating Value AA 3.88% AAA 96.12% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jul 24 | ICICIBANK6% ₹106 Cr 876,361
↓ -6,926 Small Industries Development Bank Of India
Debentures | -6% ₹93 Cr 9,500,000
↑ 4,500,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 24 | HDFCBANK4% ₹72 Cr 989,533
↑ 44,139 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 20 | RELIANCE4% ₹69 Cr 514,918
↑ 55,570 NTPC Ltd (Utilities)
Equity, Since 28 Feb 23 | 5325553% ₹53 Cr 1,437,828
↑ 164,911 National Bank For Agriculture And Rural Development
Debentures | -3% ₹50 Cr 5,000,000 Infosys Ltd (Technology)
Equity, Since 31 Jan 17 | INFY3% ₹47 Cr 374,614
↓ -938 State Bank of India (Financial Services)
Equity, Since 28 Feb 21 | SBIN3% ₹43 Cr 436,405
↑ 5,783 National Bank For Agriculture And Rural Development
Debentures | -2% ₹35 Cr 3,500,000
↑ 1,500,000 Eternal Ltd (Consumer Cyclical)
Equity, Since 31 May 24 | 5433202% ₹34 Cr 1,484,611
↑ 73,762 7. Kotak Equity Hybrid Fund
Kotak Equity Hybrid Fund
Growth Launch Date 3 Nov 14 NAV (30 Apr 26) ₹63.018 ↓ -0.50 (-0.79 %) Net Assets (Cr) ₹7,812 on 31 Mar 26 Category Hybrid - Hybrid Equity AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 1.78 Sharpe Ratio -0.34 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 30 Apr 21 ₹10,000 30 Apr 22 ₹11,618 30 Apr 23 ₹12,337 30 Apr 24 ₹15,741 30 Apr 25 ₹17,160 30 Apr 26 ₹18,506 Returns for Kotak Equity Hybrid Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Apr 26 Duration Returns 1 Month 9.6% 3 Month 0.9% 6 Month -1.5% 1 Year 7.8% 3 Year 14.5% 5 Year 13.1% 10 Year 15 Year Since launch 11.7% 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 16.83 Yr. Atul Bhole 22 Jan 24 2.19 Yr. Data below for Kotak Equity Hybrid Fund as on 31 Mar 26
Asset Allocation
Asset Class Value Cash 7.41% Equity 79.72% Debt 12.87% Equity Sector Allocation
Sector Value Financial Services 25.65% Industrials 12.29% Basic Materials 8.49% Consumer Cyclical 8.32% Technology 7.89% Health Care 7.06% Communication Services 3.4% Consumer Defensive 2.28% Utility 1.81% Energy 1.44% Real Estate 1.09% Debt Sector Allocation
Sector Value Government 9.84% Cash Equivalent 5.51% Corporate 4.93% Credit Quality
Rating Value AA 6.4% AAA 93.6% Top Securities Holdings / Portfolio
Name Holding Value Quantity GE Vernova T&D India Ltd (Industrials)
Equity, Since 30 Sep 24 | 5222754% ₹334 Cr 917,501 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 11 | HDFCBANK4% ₹285 Cr 3,891,624 Bharti Airtel Ltd (Communication Services)
Equity, Since 29 Feb 24 | BHARTIARTL3% ₹266 Cr 1,491,129 Eternal Ltd (Consumer Cyclical)
Equity, Since 30 Nov 24 | 5433203% ₹259 Cr 11,329,208
↑ 2,000,000 Fortis Healthcare Ltd (Healthcare)
Equity, Since 31 Mar 24 | 5328433% ₹254 Cr 3,201,167 State Bank of India (Financial Services)
Equity, Since 31 Aug 25 | SBIN3% ₹235 Cr 2,400,000 7.34% Govt Stock 2064
Sovereign Bonds | -3% ₹228 Cr 24,000,000 Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 31 Jul 25 | CHOLAFIN3% ₹212 Cr 1,567,811 Bajaj Finance Ltd (Financial Services)
Equity, Since 28 Feb 25 | 5000343% ₹200 Cr 2,490,321 UltraTech Cement Ltd (Basic Materials)
Equity, Since 30 Sep 24 | 5325382% ₹193 Cr 179,764 8. SBI Equity Hybrid Fund
SBI Equity Hybrid Fund
Growth Launch Date 19 Jan 05 NAV (30 Apr 26) ₹307.344 ↓ -1.59 (-0.51 %) Net Assets (Cr) ₹76,292 on 31 Mar 26 Category Hybrid - Hybrid Equity AMC SBI Funds Management Private Limited Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.4 Sharpe Ratio -0.42 Information Ratio 0.74 Alpha Ratio 1.22 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 30 Apr 21 ₹10,000 30 Apr 22 ₹11,596 30 Apr 23 ₹11,815 30 Apr 24 ₹14,860 30 Apr 25 ₹16,588 30 Apr 26 ₹17,660 Returns for SBI Equity Hybrid Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Apr 26 Duration Returns 1 Month 9.1% 3 Month 1.8% 6 Month -0.8% 1 Year 6.5% 3 Year 14.3% 5 Year 12% 10 Year 15 Year Since launch 14.5% 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 14.26 Yr. Rajeev Radhakrishnan 1 Dec 23 2.33 Yr. Mansi Sajeja 1 Dec 23 2.33 Yr. Pradeep Kesavan 1 Dec 23 2.33 Yr. Data below for SBI Equity Hybrid Fund as on 31 Mar 26
Asset Allocation
Asset Class Value Cash 5.91% Equity 75% Debt 19.09% Equity Sector Allocation
Sector Value Financial Services 19.57% Basic Materials 9.83% Industrials 8.63% Consumer Cyclical 7.58% Utility 7.39% Health Care 5.81% Energy 4.24% Consumer Defensive 3.79% Communication Services 3.27% Technology 3.2% Real Estate 1.69% Debt Sector Allocation
Sector Value Corporate 16.53% Cash Equivalent 4.43% Government 4.04% Credit Quality
Rating Value A 5.9% AA 38.09% AAA 53.6% Top Securities Holdings / Portfolio
Name Holding Value Quantity State Bank of India (Financial Services)
Equity, Since 28 Feb 14 | SBIN4% ₹3,232 Cr 33,000,000 ICICI Bank Ltd (Financial Services)
Equity, Since 28 Feb 17 | ICICIBANK4% ₹2,894 Cr 24,000,000
↑ 5,000,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 17 | BHARTIARTL3% ₹2,495 Cr 14,000,000
↓ -1,900,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Apr 24 | KOTAKBANK3% ₹2,474 Cr 70,000,000 Muthoot Finance Ltd (Financial Services)
Equity, Since 28 Feb 22 | 5333983% ₹2,212 Cr 7,000,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 May 11 | HDFCBANK3% ₹2,195 Cr 30,000,000 MRF Ltd (Consumer Cyclical)
Equity, Since 31 May 18 | 5002903% ₹2,184 Cr 170,000 Solar Industries India Ltd (Basic Materials)
Equity, Since 31 Jul 16 | SOLARINDS3% ₹2,162 Cr 1,790,000 Adani Power Ltd (Utilities)
Equity, Since 30 Sep 25 | 5330963% ₹2,093 Cr 139,152,354
↑ 5,528,435 Hindalco Industries Ltd (Basic Materials)
Equity, Since 31 Dec 20 | HINDALCO3% ₹2,034 Cr 23,000,000
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).
How to Invest in Balanced Funds Online?
Open Free Investment Account for Lifetime at Fincash.com.
Complete your Registration and KYC Process
Upload Documents (PAN, Aadhaar, etc.). And, You are Ready to Invest!
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.
AMFI Registration No. 112358 | CIN: U74999MH2016PTC282153
Shepard Technologies Pvt. Ltd. (with ARN code 112358) makes no warranties or representations, express or implied, on products offered through the platform. It accepts no liability for any damages or losses, however caused, in connection with the use of, or on the reliance of its product or related services. Terms and conditions of the website are applicable.
©2026 Shepard Technologies Private Limited. All Rights Reserved
Research Highlights for BOI AXA Mid and Small Cap Equity and Debt Fund