+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 (%) 2024 (%) BOI AXA Mid and Small Cap Equity and Debt Fund Growth ₹36.53
↑ 0.31 ₹1,360 -2.9 -5.2 5.7 18.3 16.5 -0.9 ICICI Prudential Equity and Debt Fund Growth ₹384.74
↑ 1.43 ₹50,205 -6 -4.8 5.8 17.7 17.6 13.3 Sundaram Equity Hybrid Fund Growth ₹135.137
↑ 0.78 ₹1,954 0.5 10.5 27.1 16 14.2 JM Equity Hybrid Fund Growth ₹108.648
↑ 0.20 ₹735 -9.4 -11.4 -3.9 15.6 13.3 -3.1 UTI Hybrid Equity Fund Growth ₹387.665
↑ 1.28 ₹6,663 -7.1 -4.6 2.5 15.1 13.5 6.4 Bandhan Hybrid Equity Fund Growth ₹25.187
↑ 0.11 ₹1,747 -6.1 -5.4 6.3 15.1 12.4 7.7 DSP Equity and Bond Fund Growth ₹332.947
↓ -0.39 ₹11,928 -8.3 -7.9 -0.8 14.2 10.6 6.8 Nippon India Equity Hybrid Fund Growth ₹100.002
↑ 0.46 ₹4,063 -6.6 -6.2 3.7 14 12.1 6.1 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 20 Mar 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 Sundaram Equity Hybrid Fund JM Equity Hybrid Fund UTI Hybrid Equity Fund Bandhan Hybrid Equity Fund DSP Equity and Bond Fund Nippon India Equity Hybrid Fund Point 1 Bottom quartile AUM (₹1,360 Cr). Highest AUM (₹50,205 Cr). Lower mid AUM (₹1,954 Cr). Bottom quartile AUM (₹735 Cr). Upper mid AUM (₹6,663 Cr). Lower mid AUM (₹1,747 Cr). Top quartile AUM (₹11,928 Cr). Upper mid AUM (₹4,063 Cr). Point 2 Established history (9+ yrs). Established history (26+ yrs). Established history (25+ yrs). Established history (30+ yrs). Oldest track record among peers (31 yrs). Established history (9+ yrs). Established history (26+ yrs). Established history (20+ yrs). Point 3 Not Rated. Top rated. Rating: 2★ (lower mid). Rating: 1★ (lower mid). Rating: 3★ (upper mid). Not Rated. Rating: 4★ (top quartile). 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: 16.48% (top quartile). 5Y return: 17.59% (top quartile). 5Y return: 14.20% (upper mid). 5Y return: 13.27% (lower mid). 5Y return: 13.51% (upper mid). 5Y return: 12.40% (lower mid). 5Y return: 10.65% (bottom quartile). 5Y return: 12.12% (bottom quartile). Point 6 3Y return: 18.25% (top quartile). 3Y return: 17.69% (top quartile). 3Y return: 16.03% (upper mid). 3Y return: 15.56% (upper mid). 3Y return: 15.10% (lower mid). 3Y return: 15.06% (lower mid). 3Y return: 14.21% (bottom quartile). 3Y return: 13.96% (bottom quartile). Point 7 1Y return: 5.70% (upper mid). 1Y return: 5.83% (upper mid). 1Y return: 27.10% (top quartile). 1Y return: -3.95% (bottom quartile). 1Y return: 2.45% (lower mid). 1Y return: 6.33% (top quartile). 1Y return: -0.79% (bottom quartile). 1Y return: 3.65% (lower mid). Point 8 1M return: -4.45% (top quartile). 1M return: -5.94% (upper mid). 1M return: 1.80% (top quartile). 1M return: -7.75% (bottom quartile). 1M return: -6.32% (upper mid). 1M return: -6.70% (lower mid). 1M return: -6.93% (bottom quartile). 1M return: -6.83% (lower mid). Point 9 Alpha: 0.00 (lower mid). Alpha: 3.49 (upper mid). Alpha: 5.81 (top quartile). Alpha: -6.31 (bottom quartile). Alpha: -0.58 (lower mid). Alpha: 4.83 (top quartile). Alpha: -3.25 (bottom quartile). Alpha: 1.19 (upper mid). Point 10 Sharpe: 1.04 (lower mid). Sharpe: 1.45 (upper mid). Sharpe: 2.64 (top quartile). Sharpe: 0.19 (bottom quartile). Sharpe: 0.90 (lower mid). Sharpe: 1.47 (top quartile). Sharpe: 0.58 (bottom quartile). Sharpe: 1.15 (upper mid). BOI AXA Mid and Small Cap Equity and Debt Fund
ICICI Prudential Equity and Debt Fund
Sundaram Equity Hybrid Fund
JM Equity Hybrid Fund
UTI Hybrid Equity Fund
Bandhan Hybrid Equity Fund
DSP Equity and Bond Fund
Nippon India 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 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 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 UTI Balanced Fund) The scheme aims to invest in a portfolio of equity/equity related securities and fixed income securities (debt and money market securities) with a view to generating regular income together with capital appreciation. Research Highlights for UTI Hybrid Equity Fund Below is the key information for UTI Hybrid Equity 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 Seeks to generate long term capital appreciation and current income from a portfolio constituted of equity and equity related securities as well as fixed income securities. Research Highlights for DSP Equity and Bond Fund Below is the key information for DSP Equity and Bond Fund Returns up to 1 year are on (Erstwhile Reliance Regular Savings Fund - Balanced Plan) The primary investment objective of this option is to generate consistent returns and appreciation of capital by investing in mix of securities comprising of Equity, Equity related instruments & fixed income instruments. Research Highlights for Nippon India Equity Hybrid Fund Below is the key information for Nippon India 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 (20 Mar 26) ₹36.53 ↑ 0.31 (0.86 %) Net Assets (Cr) ₹1,360 on 28 Feb 26 Category Hybrid - Hybrid Equity AMC BOI AXA Investment Mngrs Private Ltd Rating Risk Moderately High Expense Ratio 2.27 Sharpe Ratio 1.04 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 28 Feb 21 ₹10,000 28 Feb 22 ₹13,364 28 Feb 23 ₹13,625 29 Feb 24 ₹19,897 28 Feb 25 ₹19,659 28 Feb 26 ₹23,309 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 20 Mar 26 Duration Returns 1 Month -4.4% 3 Month -2.9% 6 Month -5.2% 1 Year 5.7% 3 Year 18.3% 5 Year 16.5% 10 Year 15 Year Since launch 14.3% Historical performance (Yearly) on absolute basis
Year Returns 2024 -0.9% 2023 25.8% 2022 33.7% 2021 -4.8% 2020 54.5% 2019 31.1% 2018 -4.7% 2017 -14.2% 2016 47.1% 2015 Fund Manager information for BOI AXA Mid and Small Cap Equity and Debt Fund
Name Since Tenure Alok Singh 16 Feb 17 9.04 Yr. Data below for BOI AXA Mid and Small Cap Equity and Debt Fund as on 28 Feb 26
Asset Allocation
Asset Class Value Cash 13.7% Equity 71.67% Debt 14.62% Equity Sector Allocation
Sector Value Financial Services 17.76% Industrials 13.67% Health Care 11.31% Basic Materials 11.15% Consumer Cyclical 9.91% Consumer Defensive 2.8% Technology 2.62% Energy 1.42% Communication Services 0.52% Utility 0.48% Real Estate 0.02% Debt Sector Allocation
Sector Value Government 9.88% Corporate 9.51% Cash Equivalent 8.94% Credit Quality
Rating Value AA 0.7% AAA 99.3% Top Securities Holdings / Portfolio
Name Holding Value Quantity Abbott India Ltd (Healthcare)
Equity, Since 31 Jan 23 | ABBOTINDIA3% ₹40 Cr 15,000
↑ 2,000 Indian Bank (Financial Services)
Equity, Since 31 Aug 23 | INDIANB3% ₹35 Cr 350,000
↓ -155,000 Glenmark Pharmaceuticals Ltd (Healthcare)
Equity, Since 31 Jul 25 | GLENMARK2% ₹32 Cr 150,000 UNO Minda Ltd (Consumer Cyclical)
Equity, Since 31 Jul 19 | UNOMINDA2% ₹31 Cr 261,622
↓ -32,378 Max Financial Services Ltd (Financial Services)
Equity, Since 28 Feb 26 | MFSL2% ₹31 Cr 170,000
↑ 170,000 Bharat Dynamics Ltd Ordinary Shares (Industrials)
Equity, Since 31 Jul 24 | BDL2% ₹31 Cr 242,000
↑ 46,000 Aurobindo Pharma Ltd (Healthcare)
Equity, Since 31 Jan 26 | AUROPHARMA2% ₹29 Cr 240,000
↑ 140,000 Nippon Life India Asset Management Ltd Ordinary Shares (Financial Services)
Equity, Since 31 Jan 24 | NAM-INDIA2% ₹28 Cr 300,000 Eris Lifesciences Ltd Registered Shs (Healthcare)
Equity, Since 31 Jul 23 | ERIS2% ₹28 Cr 202,783 Sundaram Finance Ltd (Financial Services)
Equity, Since 28 Feb 26 | SUNDARMFIN2% ₹26 Cr 48,000
↑ 48,000 2. ICICI Prudential Equity and Debt Fund
ICICI Prudential Equity and Debt Fund
Growth Launch Date 3 Nov 99 NAV (20 Mar 26) ₹384.74 ↑ 1.43 (0.37 %) Net Assets (Cr) ₹50,205 on 28 Feb 26 Category Hybrid - Hybrid Equity AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.6 Sharpe Ratio 1.45 Information Ratio 1.75 Alpha Ratio 3.49 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 28 Feb 21 ₹10,000 28 Feb 22 ₹12,854 28 Feb 23 ₹13,911 29 Feb 24 ₹19,226 28 Feb 25 ₹20,291 28 Feb 26 ₹23,755 Returns for ICICI Prudential Equity and Debt Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 20 Mar 26 Duration Returns 1 Month -5.9% 3 Month -6% 6 Month -4.8% 1 Year 5.8% 3 Year 17.7% 5 Year 17.6% 10 Year 15 Year Since launch 14.8% Historical performance (Yearly) on absolute basis
Year Returns 2024 13.3% 2023 17.2% 2022 28.2% 2021 11.7% 2020 41.7% 2019 9% 2018 9.3% 2017 -1.9% 2016 24.8% 2015 13.7% Fund Manager information for ICICI Prudential Equity and Debt Fund
Name Since Tenure Sankaran Naren 7 Dec 15 10.24 Yr. Manish Banthia 19 Sep 13 12.45 Yr. Mittul Kalawadia 29 Dec 20 5.17 Yr. Akhil Kakkar 22 Jan 24 2.1 Yr. Sri Sharma 30 Apr 21 4.84 Yr. Sharmila D'Silva 31 Jul 22 3.58 Yr. Nitya Mishra 4 Nov 24 1.32 Yr. Data below for ICICI Prudential Equity and Debt Fund as on 28 Feb 26
Asset Allocation
Asset Class Value Cash 7.22% Equity 75.67% Debt 17.08% Equity Sector Allocation
Sector Value Financial Services 18.71% Consumer Cyclical 11.19% Industrials 7.78% Consumer Defensive 7.09% Energy 6.91% Health Care 5.98% Utility 5.76% Technology 4.78% Real Estate 2.9% Communication Services 2.27% Basic Materials 2.27% Debt Sector Allocation
Sector Value Government 10.35% Corporate 8.49% Cash Equivalent 5.49% Credit Quality
Rating Value A 1.64% AA 17.56% AAA 80.8% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jul 12 | ICICIBANK5% ₹2,677 Cr 19,413,840
↓ -3,278,300 NTPC Ltd (Utilities)
Equity, Since 28 Feb 17 | NTPC5% ₹2,561 Cr 67,060,559
↓ -7,735,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 22 | RELIANCE5% ₹2,528 Cr 18,138,909
↓ -805,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 21 | HDFCBANK5% ₹2,351 Cr 26,480,965
↑ 850,000 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 May 16 | SUNPHARMA4% ₹2,109 Cr 12,144,223
↓ -2,033,850 TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 28 Feb 18 | TVSMOTOR3% ₹1,541 Cr 3,981,427 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 21 | AXISBANK3% ₹1,482 Cr 10,707,447
↓ -751,875 Avenue Supermarts Ltd (Consumer Defensive)
Equity, Since 31 Jan 23 | DMART2% ₹1,238 Cr 3,218,463 InterGlobe Aviation Ltd (Industrials)
Equity, Since 28 Feb 23 | INDIGO2% ₹1,224 Cr 2,535,996 6.48% Gs 2035
Sovereign Bonds | -2% ₹987 Cr 99,986,200
↑ 12,500,000 3. 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 28 Feb 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 20 Mar 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 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 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 4. JM Equity Hybrid Fund
JM Equity Hybrid Fund
Growth Launch Date 1 Apr 95 NAV (20 Mar 26) ₹108.648 ↑ 0.20 (0.18 %) Net Assets (Cr) ₹735 on 28 Feb 26 Category Hybrid - Hybrid Equity AMC JM Financial Asset Management Limited Rating ☆ Risk Moderately High Expense Ratio 2.3 Sharpe Ratio 0.19 Information Ratio 0.45 Alpha Ratio -6.31 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 28 Feb 21 ₹10,000 28 Feb 22 ₹11,252 28 Feb 23 ₹12,334 29 Feb 24 ₹18,400 28 Feb 25 ₹18,699 28 Feb 26 ₹20,043 Returns for JM Equity Hybrid Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 20 Mar 26 Duration Returns 1 Month -7.8% 3 Month -9.4% 6 Month -11.4% 1 Year -3.9% 3 Year 15.6% 5 Year 13.3% 10 Year 15 Year Since launch 11.9% Historical performance (Yearly) on absolute basis
Year Returns 2024 -3.1% 2023 27% 2022 33.8% 2021 8.1% 2020 22.9% 2019 30.5% 2018 -8.1% 2017 1.7% 2016 18.5% 2015 3% Fund Manager information for JM Equity Hybrid Fund
Name Since Tenure Satish Ramanathan 1 Oct 24 1.41 Yr. Asit Bhandarkar 31 Dec 21 4.16 Yr. Ruchi Fozdar 4 Oct 24 1.4 Yr. Deepak Gupta 11 Apr 25 0.89 Yr. Data below for JM Equity Hybrid Fund as on 28 Feb 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 5. UTI Hybrid Equity Fund
UTI Hybrid Equity Fund
Growth Launch Date 2 Jan 95 NAV (20 Mar 26) ₹387.665 ↑ 1.28 (0.33 %) Net Assets (Cr) ₹6,663 on 28 Feb 26 Category Hybrid - Hybrid Equity AMC UTI Asset Management Company Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 1.88 Sharpe Ratio 0.9 Information Ratio 1.16 Alpha Ratio -0.58 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 28 Feb 21 ₹10,000 28 Feb 22 ₹11,726 28 Feb 23 ₹12,537 29 Feb 24 ₹16,537 28 Feb 25 ₹17,754 28 Feb 26 ₹20,030 Returns for UTI Hybrid Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 20 Mar 26 Duration Returns 1 Month -6.3% 3 Month -7.1% 6 Month -4.6% 1 Year 2.5% 3 Year 15.1% 5 Year 13.5% 10 Year 15 Year Since launch 14.6% Historical performance (Yearly) on absolute basis
Year Returns 2024 6.4% 2023 19.7% 2022 25.5% 2021 5.6% 2020 30.5% 2019 13.2% 2018 2.5% 2017 -5.6% 2016 25.7% 2015 8.8% Fund Manager information for UTI Hybrid Equity Fund
Name Since Tenure V Srivatsa 24 Sep 09 16.44 Yr. Jaydeep Bhowal 3 Nov 25 0.32 Yr. Data below for UTI Hybrid Equity Fund as on 28 Feb 26
Asset Allocation
Asset Class Value Cash 4.16% Equity 71.88% Debt 23.95% Equity Sector Allocation
Sector Value Financial Services 21.44% Technology 7.21% Industrials 7.13% Consumer Cyclical 6.38% Energy 5.67% Basic Materials 5.36% Communication Services 4.89% Health Care 4.53% Consumer Defensive 4.48% Real Estate 2.75% Utility 2.05% Debt Sector Allocation
Sector Value Government 16.04% Corporate 8.77% Cash Equivalent 3.31% Credit Quality
Rating Value AA 1.3% AAA 98.7% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 29 Feb 20 | HDFCBANK5% ₹351 Cr 3,958,634
↓ -69,312 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Mar 10 | ICICIBANK5% ₹306 Cr 2,218,644 Infosys Ltd (Technology)
Equity, Since 31 Mar 06 | INFY3% ₹222 Cr 1,709,717
↑ 42,222 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 12 | LT3% ₹185 Cr 432,809
↑ 19,500 Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 19 | RELIANCE3% ₹181 Cr 1,301,903
↓ -34,463 Vedanta Ltd (Basic Materials)
Equity, Since 30 Apr 24 | VEDL2% ₹157 Cr 2,181,845
↓ -143,649 ITC Ltd (Consumer Defensive)
Equity, Since 31 Aug 06 | ITC2% ₹155 Cr 4,954,969
↑ 50,000 6.48% Gs 2035
Sovereign Bonds | -2% ₹149 Cr 1,510,260,000
↑ 250,000,000 7.24% Gs 2055
Sovereign Bonds | -2% ₹148 Cr 1,500,000,000
↑ 250,000,000 Power Grid Corp Of India Ltd (Utilities)
Equity, Since 30 Apr 24 | POWERGRID2% ₹136 Cr 4,565,707
↑ 253,982 6. Bandhan Hybrid Equity Fund
Bandhan Hybrid Equity Fund
Growth Launch Date 30 Dec 16 NAV (20 Mar 26) ₹25.187 ↑ 0.11 (0.42 %) Net Assets (Cr) ₹1,747 on 28 Feb 26 Category Hybrid - Hybrid Equity AMC IDFC Asset Management Company Limited Rating Risk Moderately High Expense Ratio 2.35 Sharpe Ratio 1.47 Information Ratio 0.56 Alpha Ratio 4.83 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 28 Feb 21 ₹10,000 28 Feb 22 ₹11,739 28 Feb 23 ₹12,028 29 Feb 24 ₹15,228 28 Feb 25 ₹15,944 28 Feb 26 ₹19,161 Returns for Bandhan Hybrid Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 20 Mar 26 Duration Returns 1 Month -6.7% 3 Month -6.1% 6 Month -5.4% 1 Year 6.3% 3 Year 15.1% 5 Year 12.4% 10 Year 15 Year Since launch 10.5% Historical performance (Yearly) on absolute basis
Year Returns 2024 7.7% 2023 21% 2022 20.4% 2021 -1.1% 2020 30.8% 2019 13.9% 2018 4.7% 2017 -3.8% 2016 16.2% 2015 Fund Manager information for Bandhan Hybrid Equity Fund
Name Since Tenure Harshal Joshi 28 Jul 21 4.59 Yr. Brijesh Shah 10 Jun 24 1.72 Yr. Prateek Poddar 7 Jun 24 1.73 Yr. Ritika Behera 7 Oct 23 2.4 Yr. Gaurav Satra 7 Jun 24 1.73 Yr. Data below for Bandhan Hybrid Equity Fund as on 28 Feb 26
Asset Allocation
Asset Class Value Cash 3.88% Equity 78.15% Debt 17.97% Equity Sector Allocation
Sector Value Financial Services 23.73% Consumer Cyclical 12.16% Technology 6.97% Industrials 6.87% Basic Materials 6.04% Health Care 5.67% Consumer Defensive 4.85% Energy 4.13% Utility 3.63% Communication Services 2.94% Real Estate 1.17% Debt Sector Allocation
Sector Value Corporate 12.53% Government 6.81% Cash Equivalent 2.51% 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 | ICICIBANK7% ₹122 Cr 883,287
↑ 308,787 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 24 | HDFCBANK5% ₹84 Cr 945,394
↓ -46,648 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 20 | RELIANCE4% ₹64 Cr 459,348
↑ 18,379 State Bank of India (Financial Services)
Equity, Since 28 Feb 21 | SBIN3% ₹52 Cr 430,622
↑ 14,385 National Bank For Agriculture And Rural Development
Debentures | -3% ₹50 Cr 5,000,000
↑ 5,000,000 Small Industries Development Bank Of India
Debentures | -3% ₹49 Cr 5,000,000
↑ 5,000,000 Infosys Ltd (Technology)
Equity, Since 31 Jan 17 | INFY3% ₹49 Cr 375,552
↑ 108,890 NTPC Ltd (Utilities)
Equity, Since 28 Feb 23 | NTPC3% ₹49 Cr 1,272,917
↑ 182,129 Power Finance Corporation Limited
Debentures | -3% ₹45 Cr 4,500,000
↑ 4,500,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Jan 17 | LT2% ₹39 Cr 90,789
↑ 5,909 7. DSP Equity and Bond Fund
DSP Equity and Bond Fund
Growth Launch Date 27 May 99 NAV (20 Mar 26) ₹332.947 ↓ -0.39 (-0.12 %) Net Assets (Cr) ₹11,928 on 28 Feb 26 Category Hybrid - Hybrid Equity AMC DSP BlackRock Invmt Managers Pvt. Ltd. Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.76 Sharpe Ratio 0.58 Information Ratio 0.51 Alpha Ratio -3.25 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 28 Feb 21 ₹10,000 28 Feb 22 ₹11,214 28 Feb 23 ₹11,441 29 Feb 24 ₹14,530 28 Feb 25 ₹16,090 28 Feb 26 ₹17,776 Returns for DSP Equity and Bond Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 20 Mar 26 Duration Returns 1 Month -6.9% 3 Month -8.3% 6 Month -7.9% 1 Year -0.8% 3 Year 14.2% 5 Year 10.6% 10 Year 15 Year Since launch 14% Historical performance (Yearly) on absolute basis
Year Returns 2024 6.8% 2023 17.7% 2022 25.3% 2021 -2.7% 2020 24.2% 2019 17% 2018 14.2% 2017 -5.1% 2016 27.6% 2015 8.3% Fund Manager information for DSP Equity and Bond Fund
Name Since Tenure Abhishek Singh 1 Mar 24 2 Yr. Shantanu Godambe 1 Aug 24 1.58 Yr. Data below for DSP Equity and Bond Fund as on 28 Feb 26
Asset Allocation
Asset Class Value Cash 4.46% Equity 66.7% Debt 28.83% Other 0.01% Equity Sector Allocation
Sector Value Financial Services 31.86% Health Care 8.32% Consumer Cyclical 7.49% Consumer Defensive 6.18% Utility 3.62% Technology 2.96% Basic Materials 2.8% Energy 1.69% Communication Services 1.12% Industrials 0.66% Debt Sector Allocation
Sector Value Government 17.7% Corporate 11.94% Cash Equivalent 3.65% Credit Quality
Rating Value AA 15.68% AAA 84.32% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 14 | HDFCBANK9% ₹1,065 Cr 11,995,360
↑ 1,837,924 6.90% Gs 2065
Sovereign Bonds | -5% ₹650 Cr 67,500,000 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 15 | ICICIBANK5% ₹628 Cr 4,555,949 Axis Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | AXISBANK4% ₹439 Cr 3,172,205
↓ -666,282 ITC Ltd (Consumer Defensive)
Equity, Since 31 Mar 24 | ITC4% ₹430 Cr 13,710,317
↑ 1,779,432 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jul 24 | KOTAKBANK3% ₹390 Cr 9,403,042
↑ 1,413,012 Infosys Ltd (Technology)
Equity, Since 30 Jun 20 | INFY3% ₹344 Cr 2,642,116 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Mar 24 | M&M3% ₹332 Cr 976,517
↓ -340,769 SBI Life Insurance Co Ltd (Financial Services)
Equity, Since 30 Apr 24 | SBILIFE3% ₹327 Cr 1,604,873 Cipla Ltd (Healthcare)
Equity, Since 31 May 24 | CIPLA3% ₹311 Cr 2,306,772
↑ 315,515 8. Nippon India Equity Hybrid Fund
Nippon India Equity Hybrid Fund
Growth Launch Date 8 Jun 05 NAV (20 Mar 26) ₹100.002 ↑ 0.46 (0.46 %) Net Assets (Cr) ₹4,063 on 28 Feb 26 Category Hybrid - Hybrid Equity AMC Nippon Life Asset Management Ltd. Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.98 Sharpe Ratio 1.15 Information Ratio 0.83 Alpha Ratio 1.19 Min Investment 500 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 28 Feb 21 ₹10,000 28 Feb 22 ₹11,534 28 Feb 23 ₹12,271 29 Feb 24 ₹16,177 28 Feb 25 ₹16,659 28 Feb 26 ₹19,108 Returns for Nippon India Equity Hybrid Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 20 Mar 26 Duration Returns 1 Month -6.8% 3 Month -6.6% 6 Month -6.2% 1 Year 3.7% 3 Year 14% 5 Year 12.1% 10 Year 15 Year Since launch 11.7% Historical performance (Yearly) on absolute basis
Year Returns 2024 6.1% 2023 16.1% 2022 24.1% 2021 6.6% 2020 27.8% 2019 -5.3% 2018 3% 2017 -4.9% 2016 29.5% 2015 4.2% Fund Manager information for Nippon India Equity Hybrid Fund
Name Since Tenure Meenakshi Dawar 10 Sep 21 4.47 Yr. Kinjal Desai 25 May 18 7.77 Yr. Sushil Budhia 1 Feb 20 6.08 Yr. Lokesh Maru 5 Sep 25 0.48 Yr. Divya Sharma 5 Sep 25 0.48 Yr. Data below for Nippon India Equity Hybrid Fund as on 28 Feb 26
Asset Allocation
Asset Class Value Cash 3.53% Equity 79.09% Debt 17.37% Equity Sector Allocation
Sector Value Financial Services 24.04% Consumer Cyclical 10.2% Industrials 9.69% Technology 6.12% Utility 5.22% Health Care 4.78% Real Estate 4.55% Communication Services 3.8% Energy 3.71% Consumer Defensive 3.59% Basic Materials 3.39% Debt Sector Allocation
Sector Value Corporate 11.81% Government 5.57% Cash Equivalent 3.53% Credit Quality
Rating Value A 3.22% AA 46.05% AAA 50.74% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 10 | HDFCBANK5% ₹210 Cr 2,364,712 Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 13 | LT4% ₹152 Cr 354,838 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 12 | ICICIBANK4% ₹144 Cr 1,046,000 Axis Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | AXISBANK3% ₹129 Cr 933,200 State Bank of India (Financial Services)
Equity, Since 31 Jul 16 | SBIN3% ₹121 Cr 1,010,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Dec 19 | BHARTIARTL3% ₹119 Cr 635,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 14 | RELIANCE3% ₹112 Cr 806,000 NTPC Ltd (Utilities)
Equity, Since 31 Aug 20 | NTPC3% ₹107 Cr 2,800,620 Infosys Ltd (Technology)
Equity, Since 28 Feb 11 | INFY2% ₹87 Cr 670,896 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Aug 20 | M&M2% ₹80 Cr 235,000
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