+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 (%) BOI AXA Mid and Small Cap Equity and Debt Fund Growth ₹42.45
↑ 0.07 ₹1,695 3.5 11.7 12.8 17.2 14.2 -0.9 Sundaram Equity Hybrid Fund Growth ₹135.137
↑ 0.78 ₹1,954 0.5 10.5 27.1 16 14.2 ICICI Prudential Equity and Debt Fund Growth ₹411.35
↑ 0.37 ₹51,481 1.6 0.4 6.1 14.7 15.8 13.3 Bandhan Hybrid Equity Fund Growth ₹28.401
↓ -0.02 ₹2,184 4.9 5.8 10.5 14.4 11.6 7.7 Kotak Equity Hybrid Fund Growth ₹66.375
↓ -0.05 ₹8,962 2.8 4.7 7.2 13.3 12.2 4.1 JM Equity Hybrid Fund Growth ₹121.672
↓ -0.18 ₹692 4.1 3 2.3 13.2 13.2 -3.1 SBI Equity Hybrid Fund Growth ₹319.795
↓ -0.29 ₹85,633 2.9 4.1 7.1 12.9 10.8 12.3 ICICI Prudential Balanced Advantage Fund Growth ₹80.16 ₹72,486 4.3 3.6 9 12.3 11.2 12.2 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 7 Aug 26 Research Highlights & Commentary of 8 Funds showcased
Commentary BOI AXA Mid and Small Cap Equity and Debt Fund Sundaram Equity Hybrid Fund ICICI Prudential Equity and Debt Fund Bandhan Hybrid Equity Fund Kotak Equity Hybrid Fund JM Equity Hybrid Fund SBI Equity Hybrid Fund ICICI Prudential Balanced Advantage Fund Point 1 Bottom quartile AUM (₹1,695 Cr). Lower mid AUM (₹1,954 Cr). Upper mid AUM (₹51,481 Cr). Lower mid AUM (₹2,184 Cr). Upper mid AUM (₹8,962 Cr). Bottom quartile AUM (₹692 Cr). Highest AUM (₹85,633 Cr). Top quartile AUM (₹72,486 Cr). Point 2 Established history (10+ yrs). Established history (26+ yrs). Established history (26+ yrs). Established history (9+ yrs). Established history (11+ yrs). Oldest track record among peers (31 yrs). Established history (21+ yrs). Established history (19+ yrs). Point 3 Not Rated. Rating: 2★ (lower mid). Top rated. Not Rated. Rating: 3★ (upper mid). Rating: 1★ (lower mid). Rating: 4★ (top quartile). Rating: 3★ (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: 14.22% (top quartile). 5Y return: 14.20% (upper mid). 5Y return: 15.82% (top quartile). 5Y return: 11.65% (lower mid). 5Y return: 12.15% (lower mid). 5Y return: 13.20% (upper mid). 5Y return: 10.80% (bottom quartile). 5Y return: 11.20% (bottom quartile). Point 6 3Y return: 17.21% (top quartile). 3Y return: 16.03% (top quartile). 3Y return: 14.72% (upper mid). 3Y return: 14.43% (upper mid). 3Y return: 13.31% (lower mid). 3Y return: 13.21% (lower mid). 3Y return: 12.86% (bottom quartile). 3Y return: 12.25% (bottom quartile). Point 7 1Y return: 12.81% (top quartile). 1Y return: 27.10% (top quartile). 1Y return: 6.05% (bottom quartile). 1Y return: 10.53% (upper mid). 1Y return: 7.21% (lower mid). 1Y return: 2.30% (bottom quartile). 1Y return: 7.05% (lower mid). 1Y return: 9.00% (upper mid). Point 8 1M return: 1.99% (upper mid). 1M return: 1.80% (lower mid). 1M return: 0.45% (bottom quartile). 1M return: 2.76% (top quartile). 1M return: 1.63% (lower mid). 1M return: 3.48% (top quartile). 1M return: 1.15% (bottom quartile). 1M return: 2.27% (upper mid). Point 9 Alpha: 0.00 (lower mid). Alpha: 5.81 (top quartile). Alpha: 2.04 (upper mid). Alpha: 5.97 (top quartile). Alpha: 0.00 (lower mid). Alpha: -5.26 (bottom quartile). Alpha: 2.31 (upper mid). Alpha: 0.00 (bottom quartile). Point 10 Sharpe: 0.17 (top quartile). Sharpe: 2.64 (top quartile). Sharpe: -0.22 (lower mid). Sharpe: 0.05 (upper mid). Sharpe: -0.13 (lower mid). Sharpe: -0.76 (bottom quartile). Sharpe: -0.22 (bottom quartile). Sharpe: -0.12 (upper mid). BOI AXA Mid and Small Cap Equity and Debt Fund
Sundaram Equity Hybrid Fund
ICICI Prudential Equity and Debt Fund
Bandhan Hybrid Equity Fund
Kotak Equity Hybrid Fund
JM Equity Hybrid Fund
SBI Equity Hybrid Fund
ICICI Prudential Balanced Advantage 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 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 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 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 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 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 The fund objective is to seek low volatility returns by using arbitrage and other derivative strategies in equity markets and investments in short-term debt portfolio.The fund invests in equity with usage of derivatives. Research Highlights for ICICI Prudential Balanced Advantage Fund Below is the key information for ICICI Prudential Balanced Advantage 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 (07 Aug 26) ₹42.45 ↑ 0.07 (0.17 %) Net Assets (Cr) ₹1,695 on 30 Jun 26 Category Hybrid - Hybrid Equity AMC BOI AXA Investment Mngrs Private Ltd Rating Risk Moderately High Expense Ratio 2.27 Sharpe Ratio 0.17 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 Jul 21 ₹10,000 31 Jul 22 ₹9,831 31 Jul 23 ₹11,950 31 Jul 24 ₹17,749 31 Jul 25 ₹17,353 31 Jul 26 ₹19,061 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 7 Aug 26 Duration Returns 1 Month 2% 3 Month 3.5% 6 Month 11.7% 1 Year 12.8% 3 Year 17.2% 5 Year 14.2% 10 Year 15 Year Since launch 15.5% 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 9.46 Yr. Data below for BOI AXA Mid and Small Cap Equity and Debt Fund as on 30 Jun 26
Asset Allocation
Asset Class Value Cash 12.46% Equity 76.14% Debt 11.4% Equity Sector Allocation
Sector Value Financial Services 17.12% Industrials 15.35% Health Care 11.33% Consumer Cyclical 9.82% Basic Materials 9.55% Technology 6.67% Consumer Defensive 2.67% Energy 1.59% Real Estate 0.95% Utility 0.7% Communication Services 0.39% Debt Sector Allocation
Sector Value Corporate 11.72% Government 6.94% Cash Equivalent 5.19% Credit Quality
Rating Value AA 7.04% AAA 92.96% Top Securities Holdings / Portfolio
Name Holding Value Quantity Abbott India Ltd (Healthcare)
Equity, Since 31 Jan 23 | ABBOTINDIA2% ₹38 Cr 15,000 Aurobindo Pharma Ltd (Healthcare)
Equity, Since 31 Jan 26 | AUROPHARMA2% ₹38 Cr 240,000 UNO Minda Ltd (Consumer Cyclical)
Equity, Since 31 Jul 19 | UNOMINDA2% ₹36 Cr 331,037 Bank of Maharashtra (Financial Services)
Equity, Since 31 May 24 | MAHABANK2% ₹36 Cr 3,910,000 Nippon Life India Asset Management Ltd Ordinary Shares (Financial Services)
Equity, Since 31 Jan 24 | NAM-INDIA2% ₹35 Cr 300,000 Bharat Dynamics Ltd Ordinary Shares (Industrials)
Equity, Since 31 Jul 24 | BDL2% ₹33 Cr 242,000 Indian Bank (Financial Services)
Equity, Since 31 Aug 23 | 5328142% ₹33 Cr 405,000 Glenmark Pharmaceuticals Ltd (Healthcare)
Equity, Since 31 Jul 25 | 5322962% ₹33 Cr 150,000 Quality Power Electrical Equipments Ltd (Industrials)
Equity, Since 30 Sep 25 | QPOWER2% ₹32 Cr 261,578 Lloyds Metals & Energy Ltd (Basic Materials)
Equity, Since 28 Feb 25 | 5124552% ₹31 Cr 172,133
↓ -49,590 2. 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 7 Aug 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 3. ICICI Prudential Equity and Debt Fund
ICICI Prudential Equity and Debt Fund
Growth Launch Date 3 Nov 99 NAV (07 Aug 26) ₹411.35 ↑ 0.37 (0.09 %) Net Assets (Cr) ₹51,481 on 30 Jun 26 Category Hybrid - Hybrid Equity AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.6 Sharpe Ratio -0.22 Information Ratio 1.74 Alpha Ratio 2.04 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 Jul 21 ₹10,000 31 Jul 22 ₹11,616 31 Jul 23 ₹14,095 31 Jul 24 ₹19,320 31 Jul 25 ₹20,111 31 Jul 26 ₹21,024 Returns for ICICI Prudential Equity and Debt Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 7 Aug 26 Duration Returns 1 Month 0.4% 3 Month 1.6% 6 Month 0.4% 1 Year 6.1% 3 Year 14.7% 5 Year 15.8% 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 10.66 Yr. Manish Banthia 19 Sep 13 12.87 Yr. Mittul Kalawadia 29 Dec 20 5.59 Yr. Akhil Kakkar 22 Jan 24 2.53 Yr. Sri Sharma 30 Apr 21 5.26 Yr. Sharmila D'Silva 31 Jul 22 4.01 Yr. Nitya Mishra 4 Nov 24 1.74 Yr. Data below for ICICI Prudential Equity and Debt Fund as on 30 Jun 26
Asset Allocation
Asset Class Value Cash 6.23% Equity 74.76% Debt 18.95% Equity Sector Allocation
Sector Value Financial Services 21.37% Consumer Cyclical 10.26% Industrials 7.35% Consumer Defensive 6.68% Energy 6.38% Health Care 4.97% Utility 4.41% Technology 3.45% Basic Materials 3.15% Real Estate 2.81% Communication Services 2.44% Debt Sector Allocation
Sector Value Corporate 11.67% Government 10% Cash Equivalent 3.57% Credit Quality
Rating Value A 2.7% AA 25.31% AAA 68.95% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 21 | HDFCBANK7% ₹3,496 Cr 43,807,166
↑ 3,023,388 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jul 12 | ICICIBANK5% ₹2,477 Cr 18,013,840
↓ -1,400,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 22 | RELIANCE5% ₹2,418 Cr 18,689,980
↑ 850,000 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 May 16 | SUNPHARMA4% ₹1,855 Cr 9,957,398
↓ -1,618,750 NTPC Ltd (Utilities)
Equity, Since 28 Feb 17 | 5325554% ₹1,853 Cr 51,962,814 Avenue Supermarts Ltd (Consumer Defensive)
Equity, Since 31 Jan 23 | 5403763% ₹1,388 Cr 3,168,463 TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 28 Feb 18 | 5323433% ₹1,378 Cr 3,981,427 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 21 | 5322153% ₹1,350 Cr 10,031,926
↓ -1,508,750 InterGlobe Aviation Ltd (Industrials)
Equity, Since 28 Feb 23 | INDIGO2% ₹1,115 Cr 2,077,841
↓ -616,350 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 31 Jan 24 | HINDUNILVR2% ₹861 Cr 4,065,360 4. Bandhan Hybrid Equity Fund
Bandhan Hybrid Equity Fund
Growth Launch Date 30 Dec 16 NAV (07 Aug 26) ₹28.401 ↓ -0.02 (-0.08 %) Net Assets (Cr) ₹2,184 on 30 Jun 26 Category Hybrid - Hybrid Equity AMC IDFC Asset Management Company Limited Rating Risk Moderately High Expense Ratio 2.35 Sharpe Ratio 0.05 Information Ratio 0.71 Alpha Ratio 5.97 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 31 Jul 21 ₹10,000 31 Jul 22 ₹10,310 31 Jul 23 ₹11,751 31 Jul 24 ₹14,985 31 Jul 25 ₹16,045 31 Jul 26 ₹17,298 Returns for Bandhan Hybrid Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 7 Aug 26 Duration Returns 1 Month 2.8% 3 Month 4.9% 6 Month 5.8% 1 Year 10.5% 3 Year 14.4% 5 Year 11.6% 10 Year 15 Year Since launch 11.5% 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 5.01 Yr. Brijesh Shah 10 Jun 24 2.14 Yr. Prateek Poddar 7 Jun 24 2.15 Yr. Ritika Behera 7 Oct 23 2.82 Yr. Gaurav Satra 7 Jun 24 2.15 Yr. Data below for Bandhan Hybrid Equity Fund as on 30 Jun 26
Asset Allocation
Asset Class Value Cash 9.69% Equity 79.34% Debt 10.95% Other 0.02% Equity Sector Allocation
Sector Value Financial Services 23.8% Consumer Cyclical 12.73% Industrials 7.48% Technology 7.02% Basic Materials 5.96% Health Care 5.85% Consumer Defensive 4.58% Energy 4.02% Utility 3.71% Communication Services 2.63% Real Estate 1.56% Debt Sector Allocation
Sector Value Corporate 14.43% Cash Equivalent 4.08% Government 2.13% Credit Quality
Rating Value AA 4.54% AAA 95.46% Top Securities Holdings / Portfolio
Name Holding Value Quantity Bandhan Low Duration Dir Gr
Investment Fund | -7% ₹150 Cr 35,739,309
↑ 35,739,309 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jul 24 | ICICIBANK6% ₹132 Cr 959,204
↑ 54,505 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 24 | HDFCBANK5% ₹105 Cr 1,318,335
↑ 64,609 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 20 | RELIANCE4% ₹85 Cr 655,194
↑ 92,725 Power Finance Corporation Limited
Debentures | -3% ₹75 Cr 7,500,000
↑ 6,700,000 State Bank of India (Financial Services)
Equity, Since 28 Feb 21 | SBIN3% ₹67 Cr 655,783
↑ 77,156 NTPC Ltd (Utilities)
Equity, Since 28 Feb 23 | 5325553% ₹66 Cr 1,838,456
↓ -71,158 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Jan 17 | LT2% ₹55 Cr 131,703
↑ 33,324 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 May 24 | M&M2% ₹45 Cr 147,978
↑ 17,407 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 30 Apr 25 | SUNPHARMA2% ₹42 Cr 227,682
↑ 11,069 5. Kotak Equity Hybrid Fund
Kotak Equity Hybrid Fund
Growth Launch Date 3 Nov 14 NAV (07 Aug 26) ₹66.375 ↓ -0.05 (-0.07 %) Net Assets (Cr) ₹8,962 on 30 Jun 26 Category Hybrid - Hybrid Equity AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 1.78 Sharpe Ratio -0.13 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 Jul 21 ₹10,000 31 Jul 22 ₹10,742 31 Jul 23 ₹12,437 31 Jul 24 ₹16,586 31 Jul 25 ₹16,870 31 Jul 26 ₹17,703 Returns for Kotak Equity Hybrid Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 7 Aug 26 Duration Returns 1 Month 1.6% 3 Month 2.8% 6 Month 4.7% 1 Year 7.2% 3 Year 13.3% 5 Year 12.2% 10 Year 15 Year Since launch 11.9% 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 17.17 Yr. Atul Bhole 22 Jan 24 2.53 Yr. Data below for Kotak Equity Hybrid Fund as on 30 Jun 26
Asset Allocation
Asset Class Value Cash 8.54% Equity 78.29% Debt 13.18% Equity Sector Allocation
Sector Value Financial Services 29.33% Industrials 9.95% Consumer Cyclical 8.19% Basic Materials 8.07% Health Care 7.78% Technology 6.13% Communication Services 3.29% Consumer Defensive 1.87% Utility 1.57% Energy 1.51% Real Estate 0.61% Debt Sector Allocation
Sector Value Government 8.82% Corporate 7.82% Cash Equivalent 5.07% Credit Quality
Rating Value AA 8.68% AAA 91.32% Top Securities Holdings / Portfolio
Name Holding Value Quantity Eternal Ltd (Consumer Cyclical)
Equity, Since 30 Nov 24 | ETERNAL4% ₹353 Cr 13,329,208 Fortis Healthcare Ltd (Healthcare)
Equity, Since 31 Mar 24 | 5328433% ₹306 Cr 3,201,167 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 11 | HDFCBANK3% ₹303 Cr 3,791,624 Bharti Airtel Ltd (Communication Services)
Equity, Since 29 Feb 24 | BHARTIARTL3% ₹295 Cr 1,591,129 Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 31 Jul 25 | CHOLAFIN3% ₹281 Cr 1,567,811 State Bank of India (Financial Services)
Equity, Since 31 Aug 25 | SBIN3% ₹277 Cr 2,700,000
↑ 100,000 Shriram Finance Ltd (Financial Services)
Equity, Since 31 Jan 24 | SHRIRAMFIN3% ₹243 Cr 2,334,465
↑ 300,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 10 | ICICIBANK2% ₹212 Cr 1,540,708
↑ 500,000 UltraTech Cement Ltd (Basic Materials)
Equity, Since 30 Sep 24 | 5325382% ₹202 Cr 179,764 Bajaj Finance Ltd (Financial Services)
Equity, Since 28 Feb 25 | 5000342% ₹200 Cr 1,990,321 6. JM Equity Hybrid Fund
JM Equity Hybrid Fund
Growth Launch Date 1 Apr 95 NAV (07 Aug 26) ₹121.672 ↓ -0.18 (-0.15 %) Net Assets (Cr) ₹692 on 30 Jun 26 Category Hybrid - Hybrid Equity AMC JM Financial Asset Management Limited Rating ☆ Risk Moderately High Expense Ratio 2.3 Sharpe Ratio -0.76 Information Ratio 0.42 Alpha Ratio -5.26 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-60 Days (1%),60 Days and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Jul 21 ₹10,000 31 Jul 22 ₹10,358 31 Jul 23 ₹12,929 31 Jul 24 ₹19,697 31 Jul 25 ₹18,570 31 Jul 26 ₹18,579 Returns for JM Equity Hybrid Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 7 Aug 26 Duration Returns 1 Month 3.5% 3 Month 4.1% 6 Month 3% 1 Year 2.3% 3 Year 13.2% 5 Year 13.2% 10 Year 15 Year Since launch 12.1% 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 1.83 Yr. Asit Bhandarkar 31 Dec 21 4.59 Yr. Ruchi Fozdar 4 Oct 24 1.82 Yr. Deepak Gupta 11 Apr 25 1.31 Yr. Data below for JM Equity Hybrid Fund as on 30 Jun 26
Asset Allocation
Asset Class Value Cash 6.35% Equity 77.74% Debt 15.91% Equity Sector Allocation
Sector Value Financial Services 20.92% Technology 11.21% Consumer Cyclical 10.56% Industrials 9.15% Health Care 6.26% Basic Materials 5.56% Communication Services 3.31% Energy 3.3% Consumer Defensive 2.6% Utility 2.59% Real Estate 2.29% Debt Sector Allocation
Sector Value Corporate 12.58% Government 7.79% Cash Equivalent 1.9% Credit Quality
Rating Value AA 15.64% AAA 84.36% Top Securities Holdings / Portfolio
Name Holding Value Quantity Multi Commodity Exchange of India Ltd (Financial Services)
Equity, Since 31 May 25 | MCX3% ₹23 Cr 81,671 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 24 | BHARTIARTL3% ₹23 Cr 123,746 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 Jan 25 | 5000343% ₹22 Cr 218,040
↓ -17,000 One97 Communications Ltd (Technology)
Equity, Since 30 Jun 25 | PAYTM3% ₹18 Cr 157,147 Reliance Industries Ltd (Energy)
Equity, Since 28 Feb 26 | RELIANCE2% ₹17 Cr 133,000 Coforge Ltd (Technology)
Equity, Since 31 May 25 | COFORGE2% ₹17 Cr 116,000 Apollo Hospitals Enterprise Ltd (Healthcare)
Equity, Since 31 Dec 25 | APOLLOHOSP2% ₹16 Cr 18,664 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 24 | HDFCBANK2% ₹16 Cr 200,000 Eternal Ltd (Consumer Cyclical)
Equity, Since 31 Aug 23 | ETERNAL2% ₹16 Cr 600,000 Bagmane Prime Office REIT Units (Real Estate)
-, Since 31 May 26 | BAGMANE2% ₹16 Cr 1,497,959
↓ -58,769 7. SBI Equity Hybrid Fund
SBI Equity Hybrid Fund
Growth Launch Date 19 Jan 05 NAV (07 Aug 26) ₹319.795 ↓ -0.29 (-0.09 %) Net Assets (Cr) ₹85,633 on 30 Jun 26 Category Hybrid - Hybrid Equity AMC SBI Funds Management Private Limited Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.4 Sharpe Ratio -0.22 Information Ratio 0.9 Alpha Ratio 2.31 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 Jul 21 ₹10,000 31 Jul 22 ₹10,628 31 Jul 23 ₹11,773 31 Jul 24 ₹14,770 31 Jul 25 ₹15,859 31 Jul 26 ₹16,804 Returns for SBI Equity Hybrid Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 7 Aug 26 Duration Returns 1 Month 1.2% 3 Month 2.9% 6 Month 4.1% 1 Year 7.1% 3 Year 12.9% 5 Year 10.8% 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 14.59 Yr. Rajeev Radhakrishnan 1 Dec 23 2.67 Yr. Mansi Sajeja 1 Dec 23 2.67 Yr. Pradeep Kesavan 1 Dec 23 2.67 Yr. Data below for SBI Equity Hybrid Fund as on 30 Jun 26
Asset Allocation
Asset Class Value Cash 3.79% Equity 74.61% Debt 21.6% Equity Sector Allocation
Sector Value Financial Services 19.16% Basic Materials 8.9% Utility 8.61% Industrials 7.58% Consumer Cyclical 7.15% Energy 5.85% Technology 4.87% Health Care 4.07% Consumer Defensive 3.63% Communication Services 2.92% Real Estate 1.87% Debt Sector Allocation
Sector Value Corporate 16.23% Government 6.71% Cash Equivalent 2.44% Credit Quality
Rating Value A 5.58% AA 39.86% AAA 54.56% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 28 Feb 17 | ICICIBANK4% ₹3,713 Cr 27,000,000 State Bank of India (Financial Services)
Equity, Since 28 Feb 14 | SBIN4% ₹3,389 Cr 33,000,000 Solar Industries India Ltd (Basic Materials)
Equity, Since 31 Jul 16 | SOLARINDS4% ₹3,347 Cr 1,790,000 6.94% Govt Stock 2036
Sovereign Bonds | -4% ₹3,044 Cr 300,000,000
↑ 300,000,000 Adani Energy Solutions Ltd (Utilities)
Equity, Since 31 Aug 25 | ADANIENSOL4% ₹3,009 Cr 20,174,466 Adani Power Ltd (Utilities)
Equity, Since 30 Sep 25 | 5330963% ₹2,909 Cr 130,000,000
↓ -9,066,510 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Apr 24 | KOTAKBANK3% ₹2,746 Cr 70,000,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 17 | BHARTIARTL3% ₹2,408 Cr 13,000,000
↓ -2,000,000 Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Sep 16 | 5000343% ₹2,311 Cr 23,000,000 MRF Ltd (Consumer Cyclical)
Equity, Since 31 May 18 | 5002903% ₹2,173 Cr 170,000 8. ICICI Prudential Balanced Advantage Fund
ICICI Prudential Balanced Advantage Fund
Growth Launch Date 30 Dec 06 NAV (07 Aug 26) ₹80.16 Net Assets (Cr) ₹72,486 on 30 Jun 26 Category Hybrid - Dynamic Allocation AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 1.47 Sharpe Ratio -0.12 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 100 Exit Load 0-18 Months (1%),18 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Jul 21 ₹10,000 31 Jul 22 ₹10,848 31 Jul 23 ₹12,137 31 Jul 24 ₹14,882 31 Jul 25 ₹15,773 31 Jul 26 ₹16,974 Returns for ICICI Prudential Balanced Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 7 Aug 26 Duration Returns 1 Month 2.3% 3 Month 4.3% 6 Month 3.6% 1 Year 9% 3 Year 12.3% 5 Year 11.2% 10 Year 15 Year Since launch 11.2% Historical performance (Yearly) on absolute basis
Year Returns 2025 12.2% 2024 12.3% 2023 16.5% 2022 7.9% 2021 15.1% 2020 11.7% 2019 10.8% 2018 2.4% 2017 19% 2016 7.3% Fund Manager information for ICICI Prudential Balanced Advantage Fund
Name Since Tenure Rajat Chandak 7 Sep 15 10.91 Yr. Manish Banthia 18 Nov 09 16.71 Yr. Akhil Kakkar 22 Jan 24 2.53 Yr. Sri Sharma 30 Apr 21 5.26 Yr. Sharmila D'Silva 31 Jul 22 4.01 Yr. Data below for ICICI Prudential Balanced Advantage Fund as on 30 Jun 26
Asset Allocation
Asset Class Value Cash 13.84% Equity 67.79% Debt 18.27% Equity Sector Allocation
Sector Value Financial Services 20.42% Consumer Cyclical 17.25% Industrials 8.8% Technology 5.75% Basic Materials 4.91% Real Estate 4.64% Energy 3.66% Consumer Defensive 3.25% Health Care 1.97% Communication Services 1.69% Utility 1.57% Debt Sector Allocation
Sector Value Cash Equivalent 11.21% Government 10.68% Corporate 10.32% Credit Quality
Rating Value A 1.79% AA 21.88% AAA 76.33% Top Securities Holdings / Portfolio
Name Holding Value Quantity TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 30 Sep 16 | 5323435% ₹3,704 Cr 10,702,390 ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 12 | ICICIBANK4% ₹2,952 Cr 21,463,105 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 12 | HDFCBANK4% ₹2,635 Cr 33,026,632
↓ -300,000 Embassy Office Parks REIT (Real Estate)
-, Since 30 Apr 25 | EMBASSY3% ₹2,111 Cr 48,202,903 Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 08 | RELIANCE3% ₹2,088 Cr 16,138,623
↑ 24,767 Infosys Ltd (Technology)
Equity, Since 31 Dec 08 | INFY2% ₹1,754 Cr 17,537,365
↑ 344,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 12 | LT2% ₹1,706 Cr 4,116,573
↓ -67,858 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 30 Apr 16 | MARUTI2% ₹1,612 Cr 1,142,069
↑ 50,000 Nifty 50 Index $$
- | -2% -₹1,519 Cr 632,580
↓ -957,190 Eternal Ltd (Consumer Cyclical)
Equity, Since 31 Mar 23 | ETERNAL2% ₹1,414 Cr 53,446,779
↑ 4,026,576
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 BOI AXA Mid and Small Cap Equity and Debt Fund