Best Balanced Mutual Funds 2026

Updated on April 8, 2026 , 54034 views

Top Balanced Fund are Mutual Funds that invest their assets in both equities and debt instrument to yield good overall returns. Balanced Mutual Funds are beneficial for investors who are willing to take a market risk while looking for some fixed returns as well.

The assets invested in equities and stocks offer market-linked returns while the assets invested in debt instruments offer fixed returns. Being a combination of both Equity and Debt, investors should be very careful when Investing in these funds. The investors are advised to look for top Balanced Funds before investing in Balanced Mutual Funds. We have listed top balanced mutual funds below.

Why Invest in Balanced Mutual Funds?

Generally, investors look for ways to diversify their investments within a shorter time period with less risk. Being a combination of both equity and debt instruments, balanced mutual funds offer best of both these worlds. So, these funds reduce the risk of downfall due to the constantly changing market conditions while managing some basic returns due to the debt exposure. This makes balanced funds a highly suitable investment option for investors looking for a mid-path of getting returns with slightly lower risk than investing in 100% Equity Funds.

Advantages & Disadvantages of Balanced Funds

Advantages

Provides stable returns by investing 35-40% of the assets in fixed income options
Offers market-linked returns as swell by investing 60-65% of the assets in equities
Suitable for conservative investors willing to take moderate risk

Disadvantages

The funds invested in equities are volatile and have a high-risk factor
The combined returns (returns of both debt and equity mutual funds) may not yield very good returns in the long run

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Best Performing Balanced Funds FY 26 - 27

Fund Selection Methodology used to find 5 funds

Category: Hybrid
Sub-category: Hybrid%20Equity
AUM Range: 100 to 100000 Cr
Sorted On : 3-year return (high to low)
Tags: fcpro
No Of Funds: 5

Top Performing Aggressive Hybrid Funds

This fund will invest around 65 to 85 percent of its total assets in equity-related instruments and about 20 to 35 percent of their assets in debt instruments. Mutual Fund Houses can offer either a balanced hybrid or an aggressive hybrid fund, not both.

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	₹38.34 ↑ 0.49	₹1,360	1.4	0.5	15.9	19	16.4	-0.9
ICICI Prudential Equity and Debt Fund Growth	₹397.58 ↑ 3.51	₹50,205	-2.4	-1.5	10.8	18	18.2	13.3
JM Equity Hybrid Fund Growth	₹113.754 ↑ 1.41	₹735	-3.8	-6.9	3.6	16.4	13.8	-3.1
Sundaram Equity Hybrid Fund Growth	₹135.137 ↑ 0.78	₹1,954	0.5	10.5	27.1	16	14.2
Bandhan Hybrid Equity Fund Growth	₹26.182 ↑ 0.31	₹1,747	-2	-1.3	14.1	15.5	12.7	7.7
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 10 Apr 26

Research Highlights & Commentary of 5 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	Bandhan Hybrid Equity Fund
Point 1	Bottom quartile AUM (₹1,360 Cr).	Highest AUM (₹50,205 Cr).	Bottom quartile AUM (₹735 Cr).	Upper mid AUM (₹1,954 Cr).	Lower mid AUM (₹1,747 Cr).
Point 2	Established history (9+ yrs).	Established history (26+ yrs).	Oldest track record among peers (31 yrs).	Established history (25+ yrs).	Established history (9+ yrs).
Point 3	Not Rated.	Top rated.	Rating: 1★ (lower mid).	Rating: 2★ (upper mid).	Not Rated.
Point 4	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.
Point 5	5Y return: 16.44% (upper mid).	5Y return: 18.21% (top quartile).	5Y return: 13.85% (bottom quartile).	5Y return: 14.20% (lower mid).	5Y return: 12.70% (bottom quartile).
Point 6	3Y return: 19.00% (top quartile).	3Y return: 17.96% (upper mid).	3Y return: 16.42% (lower mid).	3Y return: 16.03% (bottom quartile).	3Y return: 15.53% (bottom quartile).
Point 7	1Y return: 15.90% (upper mid).	1Y return: 10.80% (bottom quartile).	1Y return: 3.65% (bottom quartile).	1Y return: 27.10% (top quartile).	1Y return: 14.10% (lower mid).
Point 8	1M return: 2.65% (top quartile).	1M return: 0.20% (bottom quartile).	1M return: 0.91% (lower mid).	1M return: 1.80% (upper mid).	1M return: 0.45% (bottom quartile).
Point 9	Alpha: 0.00 (bottom quartile).	Alpha: 3.49 (lower mid).	Alpha: -6.31 (bottom quartile).	Alpha: 5.81 (top quartile).	Alpha: 4.83 (upper mid).
Point 10	Sharpe: 1.04 (bottom quartile).	Sharpe: 1.45 (lower mid).	Sharpe: 0.19 (bottom quartile).	Sharpe: 2.64 (top quartile).	Sharpe: 1.47 (upper mid).

BOI AXA Mid and Small Cap Equity and Debt Fund

Bottom quartile AUM (₹1,360 Cr).
Established history (9+ yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 16.44% (upper mid).
3Y return: 19.00% (top quartile).
1Y return: 15.90% (upper mid).
1M return: 2.65% (top quartile).
Alpha: 0.00 (bottom quartile).
Sharpe: 1.04 (bottom quartile).

ICICI Prudential Equity and Debt Fund

Highest AUM (₹50,205 Cr).
Established history (26+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 18.21% (top quartile).
3Y return: 17.96% (upper mid).
1Y return: 10.80% (bottom quartile).
1M return: 0.20% (bottom quartile).
Alpha: 3.49 (lower mid).
Sharpe: 1.45 (lower mid).

JM Equity Hybrid Fund

Bottom quartile AUM (₹735 Cr).
Oldest track record among peers (31 yrs).
Rating: 1★ (lower mid).
Risk profile: Moderately High.
5Y return: 13.85% (bottom quartile).
3Y return: 16.42% (lower mid).
1Y return: 3.65% (bottom quartile).
1M return: 0.91% (lower mid).
Alpha: -6.31 (bottom quartile).
Sharpe: 0.19 (bottom quartile).

Sundaram Equity Hybrid Fund

Upper mid AUM (₹1,954 Cr).
Established history (25+ yrs).
Rating: 2★ (upper mid).
Risk profile: Moderately High.
5Y return: 14.20% (lower mid).
3Y return: 16.03% (bottom quartile).
1Y return: 27.10% (top quartile).
1M return: 1.80% (upper mid).
Alpha: 5.81 (top quartile).
Sharpe: 2.64 (top quartile).

Bandhan Hybrid Equity Fund

Lower mid AUM (₹1,747 Cr).
Established history (9+ yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 12.70% (bottom quartile).
3Y return: 15.53% (bottom quartile).
1Y return: 14.10% (lower mid).
1M return: 0.45% (bottom quartile).
Alpha: 4.83 (upper mid).
Sharpe: 1.47 (upper mid).

About the Fincash Research Team

At Fincash, our mission is to help investors make informed, confident decisions. With over 10 years in Mutual Fund distribution, our team blends deep industry expertise with a commitment to transparency, accuracy, and investor education.

Who We Are

AMFI Registration No.: 112358
MCA CIN: U74999MH2016PTC282153
Location: Thane, Maharashtra, India
Experience: 10+ years in Mutual Fund distribution

Our Expertise

Certified Mutual Fund Distributors with hands-on advisory experience.
Market analysts tracking performance, macro trends, and sectors.
Data specialists processing NAVs, allocations, and risk metrics from Morning Star.

Our Research Process

Data sourcing: SEBI-registered fund houses & verified third-party provider Morning Star
Screening: Returns, manager track record, expenses, sector mix, risk-adjusted metrics.
Expert review: Senior team members review every article and list for accuracy.
Updates: Regular refreshes so performance data reflects current market conditions.

Why Trust Us

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Investor-first: No pay-to-promote lists; suitability and performance drive coverage.
Education-focused: We simplify complex concepts for everyday investors.

Disclaimer

Content is for educational and informational purposes only and is not investment advice. Please consider your risk profile and consult a financial advisor before investing.

Top Performing Conservative Hybrid Funds

This scheme will majorly invested in debt instruments. About 75 to 90 percent of their total assets will be invest in debt instruments and about 10 to 25 percent in equity-related instruments. This scheme is named as conservative because it is for people who are risk-averse. Investors who don't want to take much risk in their investment can prefer investing in this scheme.

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2025 (%)
ICICI Prudential MIP 25 Growth	₹77.3099 ↑ 0.31	₹3,271	-0.5	0.2	6.8	9.7	8.6	7.9
SBI Debt Hybrid Fund Growth	₹74.2789 ↑ 0.56	₹9,686	0.2	1	6.8	9.5	9	6.7
Kotak Debt Hybrid Fund Growth	₹58.6245 ↑ 0.28	₹3,031	-1	-1	3.6	9.2	8.5	5.3
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 10 Apr 26

Research Highlights & Commentary of 3 Funds showcased

Commentary	ICICI Prudential MIP 25	SBI Debt Hybrid Fund	Kotak Debt Hybrid Fund
Point 1	Lower mid AUM (₹3,271 Cr).	Highest AUM (₹9,686 Cr).	Bottom quartile AUM (₹3,031 Cr).
Point 2	Established history (22+ yrs).	Oldest track record among peers (25 yrs).	Established history (22+ yrs).
Point 3	Top rated.	Rating: 5★ (lower mid).	Rating: 4★ (bottom quartile).
Point 4	Risk profile: Moderately High.	Risk profile: Moderate.	Risk profile: Moderate.
Point 5	5Y return: 8.58% (lower mid).	5Y return: 8.99% (upper mid).	5Y return: 8.49% (bottom quartile).
Point 6	3Y return: 9.69% (upper mid).	3Y return: 9.54% (lower mid).	3Y return: 9.24% (bottom quartile).
Point 7	1Y return: 6.77% (lower mid).	1Y return: 6.79% (upper mid).	1Y return: 3.60% (bottom quartile).
Point 8	1M return: 0.22% (lower mid).	1M return: 0.36% (upper mid).	1M return: -0.46% (bottom quartile).
Point 9	Alpha: 0.00 (upper mid).	Alpha: 0.00 (lower mid).	Alpha: -0.90 (bottom quartile).
Point 10	Sharpe: 1.14 (upper mid).	Sharpe: 1.04 (lower mid).	Sharpe: 0.50 (bottom quartile).

ICICI Prudential MIP 25

Lower mid AUM (₹3,271 Cr).
Established history (22+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 8.58% (lower mid).
3Y return: 9.69% (upper mid).
1Y return: 6.77% (lower mid).
1M return: 0.22% (lower mid).
Alpha: 0.00 (upper mid).
Sharpe: 1.14 (upper mid).

SBI Debt Hybrid Fund

Highest AUM (₹9,686 Cr).
Oldest track record among peers (25 yrs).
Rating: 5★ (lower mid).
Risk profile: Moderate.
5Y return: 8.99% (upper mid).
3Y return: 9.54% (lower mid).
1Y return: 6.79% (upper mid).
1M return: 0.36% (upper mid).
Alpha: 0.00 (lower mid).
Sharpe: 1.04 (lower mid).

Kotak Debt Hybrid Fund

Bottom quartile AUM (₹3,031 Cr).
Established history (22+ yrs).
Rating: 4★ (bottom quartile).
Risk profile: Moderate.
5Y return: 8.49% (bottom quartile).
3Y return: 9.24% (bottom quartile).
1Y return: 3.60% (bottom quartile).
1M return: -0.46% (bottom quartile).
Alpha: -0.90 (bottom quartile).
Sharpe: 0.50 (bottom quartile).

Top Performing Arbitrage Funds

This fund will follow the arbitrage strategy and will invest at least 65 percent of its assets in equity-related instruments. Arbitrage funds are Mutual Funds that leverage the differential price between the cash market and derivative market to generate mutual fund returns. The returns generated by arbitrage funds are dependent on the Volatility of the stock market. Arbitrage mutual funds are hybrid in nature and in times of high or persistent volatility, these funds offer relatively risk-free returns to investors.

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2025 (%)
SBI Arbitrage Opportunities Fund Growth	₹35.3891 ↑ 0.03	₹44,393	1.5	3.2	6.2	7.1	6.2	6.5
UTI Arbitrage Fund Growth	₹36.6793 ↑ 0.03	₹11,070	1.5	3.2	6.1	7.1	6	6.5
Invesco India Arbitrage Fund Growth	₹33.3995 ↑ 0.03	₹28,527	1.5	3.2	6.1	7	6.2	6.5
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 10 Apr 26

Research Highlights & Commentary of 3 Funds showcased

Commentary	SBI Arbitrage Opportunities Fund	UTI Arbitrage Fund	Invesco India Arbitrage Fund
Point 1	Highest AUM (₹44,393 Cr).	Bottom quartile AUM (₹11,070 Cr).	Lower mid AUM (₹28,527 Cr).
Point 2	Oldest track record among peers (19 yrs).	Established history (19+ yrs).	Established history (18+ yrs).
Point 3	Rating: 2★ (bottom quartile).	Top rated.	Rating: 3★ (lower mid).
Point 4	Risk profile: Moderately Low.	Risk profile: Moderately Low.	Risk profile: Moderately Low.
Point 5	5Y return: 6.19% (upper mid).	5Y return: 6.01% (bottom quartile).	5Y return: 6.17% (lower mid).
Point 6	3Y return: 7.09% (upper mid).	3Y return: 7.08% (lower mid).	3Y return: 7.05% (bottom quartile).
Point 7	1Y return: 6.15% (upper mid).	1Y return: 6.11% (lower mid).	1Y return: 6.10% (bottom quartile).
Point 8	1M return: 0.65% (upper mid).	1M return: 0.63% (lower mid).	1M return: 0.62% (bottom quartile).
Point 9	Alpha: 0.00 (upper mid).	Alpha: 0.00 (lower mid).	Alpha: 0.00 (bottom quartile).
Point 10	Sharpe: 1.76 (upper mid).	Sharpe: 1.70 (lower mid).	Sharpe: 1.61 (bottom quartile).

SBI Arbitrage Opportunities Fund

Highest AUM (₹44,393 Cr).
Oldest track record among peers (19 yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately Low.
5Y return: 6.19% (upper mid).
3Y return: 7.09% (upper mid).
1Y return: 6.15% (upper mid).
1M return: 0.65% (upper mid).
Alpha: 0.00 (upper mid).
Sharpe: 1.76 (upper mid).

UTI Arbitrage Fund

Bottom quartile AUM (₹11,070 Cr).
Established history (19+ yrs).
Top rated.
Risk profile: Moderately Low.
5Y return: 6.01% (bottom quartile).
3Y return: 7.08% (lower mid).
1Y return: 6.11% (lower mid).
1M return: 0.63% (lower mid).
Alpha: 0.00 (lower mid).
Sharpe: 1.70 (lower mid).

Invesco India Arbitrage Fund

Lower mid AUM (₹28,527 Cr).
Established history (18+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately Low.
5Y return: 6.17% (lower mid).
3Y return: 7.05% (bottom quartile).
1Y return: 6.10% (bottom quartile).
1M return: 0.62% (bottom quartile).
Alpha: 0.00 (bottom quartile).
Sharpe: 1.61 (bottom quartile).

Top Performing Dynamic Asset Allocation Funds

This scheme would dynamically manage their investments in equity and debt instruments. These funds tend to increase the allocation to debt and reduce the weightage to equities when the market becomes costly. Also, these funds focus on providing stability at a low-risk.

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2025 (%)
Axis Dynamic Equity Fund Growth	₹20.95 ↑ 0.17	₹3,799	-2.5	-0.7	6.3	13.7	10.3	7
Franklin India Multi - Asset Solution Fund Growth	₹21.8558 ↑ 0.01	₹120	1.3	2.6	11.5	13.3	12.9	14.1
ICICI Prudential Balanced Advantage Fund Growth	₹76.12 ↑ 0.74	₹71,151	-1.6	0.5	11.4	12.9	11.4	12.2
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 10 Apr 26

Research Highlights & Commentary of 3 Funds showcased

Commentary	Axis Dynamic Equity Fund	Franklin India Multi - Asset Solution Fund	ICICI Prudential Balanced Advantage Fund
Point 1	Lower mid AUM (₹3,799 Cr).	Bottom quartile AUM (₹120 Cr).	Highest AUM (₹71,151 Cr).
Point 2	Established history (8+ yrs).	Established history (11+ yrs).	Oldest track record among peers (19 yrs).
Point 3	Not Rated.	Not Rated.	Top rated.
Point 4	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.
Point 5	5Y return: 10.34% (bottom quartile).	5Y return: 12.89% (upper mid).	5Y return: 11.40% (lower mid).
Point 6	3Y return: 13.73% (upper mid).	3Y return: 13.32% (lower mid).	3Y return: 12.89% (bottom quartile).
Point 7	1Y return: 6.35% (bottom quartile).	1Y return: 11.49% (upper mid).	1Y return: 11.35% (lower mid).
Point 8	1M return: -0.10% (bottom quartile).	1M return: 0.27% (lower mid).	1M return: 0.91% (upper mid).
Point 9	Alpha: 0.00 (upper mid).	Alpha: 0.00 (lower mid).	Alpha: 0.00 (bottom quartile).
Point 10	Sharpe: 0.79 (bottom quartile).	Sharpe: 1.73 (upper mid).	Sharpe: 1.71 (lower mid).

Axis Dynamic Equity Fund

Lower mid AUM (₹3,799 Cr).
Established history (8+ yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 10.34% (bottom quartile).
3Y return: 13.73% (upper mid).
1Y return: 6.35% (bottom quartile).
1M return: -0.10% (bottom quartile).
Alpha: 0.00 (upper mid).
Sharpe: 0.79 (bottom quartile).

Franklin India Multi - Asset Solution Fund

Bottom quartile AUM (₹120 Cr).
Established history (11+ yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 12.89% (upper mid).
3Y return: 13.32% (lower mid).
1Y return: 11.49% (upper mid).
1M return: 0.27% (lower mid).
Alpha: 0.00 (lower mid).
Sharpe: 1.73 (upper mid).

ICICI Prudential Balanced Advantage Fund

Highest AUM (₹71,151 Cr).
Oldest track record among peers (19 yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 11.40% (lower mid).
3Y return: 12.89% (bottom quartile).
1Y return: 11.35% (lower mid).
1M return: 0.91% (upper mid).
Alpha: 0.00 (bottom quartile).
Sharpe: 1.71 (lower mid).

Top Performing Equity Savings Funds

This scheme will invest in equity, arbitrage and debt. Equity savings will invest at least 65 percent of the total assets in stocks and a minimum 10 percent in debt. The scheme would state the minimum hedged and unhedged investments in the scheme information document.

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2025 (%)
SBI Equity Savings Fund Growth	₹24.343 ↑ 0.08	₹5,731	0.2	1.1	8.4	11.2	9	5
Edelweiss Equity Savings Fund Growth	₹26.0316 ↑ 0.16	₹1,270	0.2	1.2	8.7	11.1	9.1	8
Kotak Equity Savings Fund Growth	₹26.7075 ↑ 0.15	₹9,853	-1.4	-0.5	8	10.7	9.7	7.9
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 10 Apr 26

Research Highlights & Commentary of 3 Funds showcased

Commentary	SBI Equity Savings Fund	Edelweiss Equity Savings Fund	Kotak Equity Savings Fund
Point 1	Lower mid AUM (₹5,731 Cr).	Bottom quartile AUM (₹1,270 Cr).	Highest AUM (₹9,853 Cr).
Point 2	Established history (10+ yrs).	Oldest track record among peers (11 yrs).	Established history (11+ yrs).
Point 3	Not Rated.	Not Rated.	Not Rated.
Point 4	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.
Point 5	5Y return: 8.99% (bottom quartile).	5Y return: 9.06% (lower mid).	5Y return: 9.68% (upper mid).
Point 6	3Y return: 11.20% (upper mid).	3Y return: 11.12% (lower mid).	3Y return: 10.68% (bottom quartile).
Point 7	1Y return: 8.45% (lower mid).	1Y return: 8.72% (upper mid).	1Y return: 7.96% (bottom quartile).
Point 8	1M return: 0.68% (lower mid).	1M return: 0.82% (upper mid).	1M return: 0.36% (bottom quartile).
Point 9	Alpha: 0.00 (upper mid).	Alpha: 0.00 (lower mid).	Alpha: 0.00 (bottom quartile).
Point 10	Sharpe: 1.07 (bottom quartile).	Sharpe: 1.63 (upper mid).	Sharpe: 1.28 (lower mid).

SBI Equity Savings Fund

Lower mid AUM (₹5,731 Cr).
Established history (10+ yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 8.99% (bottom quartile).
3Y return: 11.20% (upper mid).
1Y return: 8.45% (lower mid).
1M return: 0.68% (lower mid).
Alpha: 0.00 (upper mid).
Sharpe: 1.07 (bottom quartile).

Edelweiss Equity Savings Fund

Bottom quartile AUM (₹1,270 Cr).
Oldest track record among peers (11 yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 9.06% (lower mid).
3Y return: 11.12% (lower mid).
1Y return: 8.72% (upper mid).
1M return: 0.82% (upper mid).
Alpha: 0.00 (lower mid).
Sharpe: 1.63 (upper mid).

Kotak Equity Savings Fund

Highest AUM (₹9,853 Cr).
Established history (11+ yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 9.68% (upper mid).
3Y return: 10.68% (bottom quartile).
1Y return: 7.96% (bottom quartile).
1M return: 0.36% (bottom quartile).
Alpha: 0.00 (bottom quartile).
Sharpe: 1.28 (lower mid).

Top Performing Multi Asset Allocation Funds

This scheme can invest in three asset classes, which means that they can invest in an extra asset class apart from equity and debt. The fund should invest at least 10 percent in each of the asset classes. Foreign securities will not be treated as a separate asset class.

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2025 (%)
UTI Multi Asset Fund Growth	₹77.0767 ↑ 0.67	₹6,944	-2.4	0.6	13.2	18.6	13.8	11.1
ICICI Prudential Multi-Asset Fund Growth	₹792.872 ↓ -4.44	₹83,045	-2.6	0.6	12.8	17.9	18.7	18.6
SBI Multi Asset Allocation Fund Growth	₹65.2433 ↑ 0.44	₹16,367	0.2	4.6	20.5	17.6	14.2	18.6
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 10 Apr 26

Research Highlights & Commentary of 3 Funds showcased

Commentary	UTI Multi Asset Fund	ICICI Prudential Multi-Asset Fund	SBI Multi Asset Allocation Fund
Point 1	Bottom quartile AUM (₹6,944 Cr).	Highest AUM (₹83,045 Cr).	Lower mid AUM (₹16,367 Cr).
Point 2	Established history (17+ yrs).	Oldest track record among peers (23 yrs).	Established history (20+ yrs).
Point 3	Rating: 1★ (bottom quartile).	Rating: 2★ (lower mid).	Top rated.
Point 4	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderate.
Point 5	5Y return: 13.83% (bottom quartile).	5Y return: 18.72% (upper mid).	5Y return: 14.25% (lower mid).
Point 6	3Y return: 18.57% (upper mid).	3Y return: 17.88% (lower mid).	3Y return: 17.60% (bottom quartile).
Point 7	1Y return: 13.16% (lower mid).	1Y return: 12.81% (bottom quartile).	1Y return: 20.46% (upper mid).
Point 8	1M return: -0.90% (lower mid).	1M return: -0.41% (upper mid).	1M return: -1.00% (bottom quartile).
Point 9	Alpha: 0.00 (upper mid).	Alpha: 0.00 (lower mid).	Alpha: 0.00 (bottom quartile).
Point 10	Sharpe: 1.86 (bottom quartile).	Sharpe: 2.37 (lower mid).	Sharpe: 3.60 (upper mid).

UTI Multi Asset Fund

Bottom quartile AUM (₹6,944 Cr).
Established history (17+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 13.83% (bottom quartile).
3Y return: 18.57% (upper mid).
1Y return: 13.16% (lower mid).
1M return: -0.90% (lower mid).
Alpha: 0.00 (upper mid).
Sharpe: 1.86 (bottom quartile).

ICICI Prudential Multi-Asset Fund

Highest AUM (₹83,045 Cr).
Oldest track record among peers (23 yrs).
Rating: 2★ (lower mid).
Risk profile: Moderately High.
5Y return: 18.72% (upper mid).
3Y return: 17.88% (lower mid).
1Y return: 12.81% (bottom quartile).
1M return: -0.41% (upper mid).
Alpha: 0.00 (lower mid).
Sharpe: 2.37 (lower mid).

SBI Multi Asset Allocation Fund

Lower mid AUM (₹16,367 Cr).
Established history (20+ yrs).
Top rated.
Risk profile: Moderate.
5Y return: 14.25% (lower mid).
3Y return: 17.60% (bottom quartile).
1Y return: 20.46% (upper mid).
1M return: -1.00% (bottom quartile).
Alpha: 0.00 (bottom quartile).
Sharpe: 3.60 (upper mid).

*Below list is of Hybrid Funds having AUM >= 200 Crore & Sorted on 3 Year CAGR Return.

1. BOI AXA Mid and Small Cap Equity and Debt Fund

(Erstwhile BOI AXA Mid Cap Equity And Debt Fund)

The scheme's objective is to provide capital appreciation and income distribution to investors from a portfolio constituting of mid cap equity and equity related securities as well as fixed income securities.However there can be no assurance that the investment objectives of the Scheme will be realized

Research Highlights for BOI AXA Mid and Small Cap Equity and Debt Fund

Bottom quartile AUM (₹1,360 Cr).
Established history (9+ yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 16.44% (upper mid).
3Y return: 19.00% (top quartile).
1Y return: 15.90% (upper mid).
1M return: 2.65% (top quartile).
Alpha: 0.00 (upper mid).
Sharpe: 1.04 (lower mid).
Information ratio: 0.00 (lower mid).
Top sector: Financial Services.
Top bond sector: Government.
Equity-heavy allocation (~72%).
High-quality debt (AAA/AA ~100%).
Largest holding Abbott India Ltd (~2.9%).

Below is the key information for 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 (10 Apr 26)	₹38.34 ↑ 0.49 (1.29 %)
Net Assets (Cr)	₹1,360 on 28 Feb 26
Category	Hybrid - Hybrid Equity
AMC	BOI AXA Investment Mngrs Private Ltd
Rating	Not Rated
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
31 Mar 21	₹10,000
31 Mar 22	₹13,441
31 Mar 23	₹12,955
31 Mar 24	₹18,917
31 Mar 25	₹20,174
31 Mar 26	₹20,614

BOI AXA Mid and Small Cap Equity and Debt Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹458,689.
Net Profit of ₹158,689 Invest Now

Returns for BOI AXA Mid and Small Cap Equity and Debt Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 10 Apr 26

Duration	Returns
1 Month	2.7%
3 Month	1.4%
6 Month	0.5%
1 Year	15.9%
3 Year	19%
5 Year	16.4%
10 Year
15 Year
Since launch	14.8%

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	9.04 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 \| ABBOTINDIA	3%	₹40 Cr	15,000 ↑ 2,000
Indian Bank (Financial Services) Equity, Since 31 Aug 23 \| INDIANB	3%	₹35 Cr	350,000 ↓ -155,000
Glenmark Pharmaceuticals Ltd (Healthcare) Equity, Since 31 Jul 25 \| GLENMARK	2%	₹32 Cr	150,000
UNO Minda Ltd (Consumer Cyclical) Equity, Since 31 Jul 19 \| UNOMINDA	2%	₹31 Cr	261,622 ↓ -32,378
Max Financial Services Ltd (Financial Services) Equity, Since 28 Feb 26 \| MFSL	2%	₹31 Cr	170,000 ↑ 170,000
Bharat Dynamics Ltd Ordinary Shares (Industrials) Equity, Since 31 Jul 24 \| BDL	2%	₹31 Cr	242,000 ↑ 46,000
Aurobindo Pharma Ltd (Healthcare) Equity, Since 31 Jan 26 \| AUROPHARMA	2%	₹29 Cr	240,000 ↑ 140,000
Nippon Life India Asset Management Ltd Ordinary Shares (Financial Services) Equity, Since 31 Jan 24 \| NAM-INDIA	2%	₹28 Cr	300,000
Eris Lifesciences Ltd Registered Shs (Healthcare) Equity, Since 31 Jul 23 \| ERIS	2%	₹28 Cr	202,783
Sundaram Finance Ltd (Financial Services) Equity, Since 28 Feb 26 \| SUNDARMFIN	2%	₹26 Cr	48,000 ↑ 48,000

2. UTI Multi Asset Fund

(Erstwhile UTI Wealth Builder Fund)

The objective of the Scheme is to achieve long term capital appreciation by investing predominantly in a diversified portfolio of equity and equity related instruments along with investments in Gold ETFs and Debt and Money Market Instruments. However, there can be no assurance that the investment objective of the Scheme will be achieved.

Research Highlights for UTI Multi Asset Fund

Upper mid AUM (₹6,944 Cr).
Established history (17+ yrs).
Rating: 1★ (lower mid).
Risk profile: Moderately High.
5Y return: 13.83% (bottom quartile).
3Y return: 18.57% (top quartile).
1Y return: 13.16% (lower mid).
1M return: -0.90% (bottom quartile).
Alpha: 0.00 (lower mid).
Sharpe: 1.86 (upper mid).
Information ratio: 0.00 (lower mid).
Top sector: Financial Services.
Top bond sector: Government.
Equity-heavy allocation (~68%).
High-quality debt (AAA/AA ~100%).
Largest holding UTI Gold ETF (~14.6%).

Below is the key information for UTI Multi Asset Fund

UTI Multi Asset Fund Growth
Launch Date	21 Oct 08
NAV (10 Apr 26)	₹77.0767 ↑ 0.67 (0.88 %)
Net Assets (Cr)	₹6,944 on 28 Feb 26
Category	Hybrid - Multi Asset
AMC	UTI Asset Management Company Ltd
Rating	☆
Risk	Moderately High
Expense Ratio	1.79
Sharpe Ratio	1.86
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
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 Mar 21	₹10,000
31 Mar 22	₹10,999
31 Mar 23	₹11,528
31 Mar 24	₹16,109
31 Mar 25	₹17,493
31 Mar 26	₹18,071

UTI Multi Asset Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹426,080.
Net Profit of ₹126,080 Invest Now

Returns for UTI Multi Asset Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 10 Apr 26

Duration	Returns
1 Month	-0.9%
3 Month	-2.4%
6 Month	0.6%
1 Year	13.2%
3 Year	18.6%
5 Year	13.8%
10 Year
15 Year
Since launch	12.4%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	11.1%
2024	20.7%
2023	29.1%
2022	4.4%
2021	11.8%
2020	13.1%
2019	3.9%
2018	-0.5%
2017	17.1%
2016	7.3%

Fund Manager information for UTI Multi Asset Fund

Name	Since	Tenure
Sharwan Kumar Goyal	12 Nov 21	4.3 Yr.
Jaydeep Bhowal	1 Oct 24	1.41 Yr.

Data below for UTI Multi Asset Fund as on 28 Feb 26

Asset Allocation

Asset Class	Value
Cash	6.71%
Equity	67.97%
Debt	10.83%
Other	14.49%

Equity Sector Allocation

Sector	Value
Financial Services	16.39%
Technology	9.89%
Consumer Cyclical	9.44%
Consumer Defensive	8.77%
Industrials	5.97%
Basic Materials	4.93%
Health Care	4.28%
Real Estate	3.67%
Energy	3.17%
Communication Services	2.96%

Debt Sector Allocation

Sector	Value
Government	7.78%
Cash Equivalent	6.36%
Corporate	3.4%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
UTI Gold ETF - \| -	15%	₹1,016 Cr	75,949,369
State Bank of India (Financial Services) Equity, Since 31 Oct 25 \| SBIN	3%	₹206 Cr	1,716,730
Asian Paints Ltd (Basic Materials) Equity, Since 31 Oct 24 \| ASIANPAINT	2%	₹160 Cr	671,457 ↑ 21,080
ITC Ltd (Consumer Defensive) Equity, Since 31 Oct 22 \| ITC	2%	₹152 Cr	4,844,836 ↑ 221,870
Infosys Ltd (Technology) Equity, Since 31 Mar 24 \| INFY	2%	₹149 Cr	1,147,926 ↑ 61,451
Nestle India Ltd (Consumer Defensive) Equity, Since 29 Feb 24 \| NESTLEIND	2%	₹148 Cr	1,142,201
Coal India Ltd (Energy) Equity, Since 31 Oct 22 \| COALINDIA	2%	₹144 Cr	3,341,545
Bharti Airtel Ltd (Communication Services) Equity, Since 30 Apr 24 \| BHARTIARTL	2%	₹139 Cr	737,392 ↑ 39,418
HDFC Bank Ltd (Financial Services) Equity, Since 30 Apr 25 \| HDFCBANK	2%	₹134 Cr	1,507,729 ↑ 109,019
Maruti Suzuki India Ltd (Consumer Cyclical) Equity, Since 31 Oct 23 \| MARUTI	2%	₹132 Cr	89,156

3. ICICI Prudential Equity and Debt Fund

(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

Top quartile AUM (₹50,205 Cr).
Established history (26+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 18.21% (top quartile).
3Y return: 17.96% (upper mid).
1Y return: 10.80% (lower mid).
1M return: 0.20% (lower mid).
Alpha: 3.49 (upper mid).
Sharpe: 1.45 (lower mid).
Information ratio: 1.75 (top quartile).
Top sector: Financial Services.
Top bond sector: Government.
Equity-heavy allocation (~76%).
High-quality debt (AAA/AA ~98%).
Largest holding ICICI Bank Ltd (~5.3%).

Below is the key information for ICICI Prudential Equity and Debt Fund

ICICI Prudential Equity and Debt Fund Growth
Launch Date	3 Nov 99
NAV (10 Apr 26)	₹397.58 ↑ 3.51 (0.89 %)
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
31 Mar 21	₹10,000
31 Mar 22	₹13,315
31 Mar 23	₹14,068
31 Mar 24	₹19,851
31 Mar 25	₹21,726
31 Mar 26	₹22,101

ICICI Prudential Equity and Debt Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹481,656.
Net Profit of ₹181,656 Invest Now

Returns for ICICI Prudential Equity and Debt Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 10 Apr 26

Duration	Returns
1 Month	0.2%
3 Month	-2.4%
6 Month	-1.5%
1 Year	10.8%
3 Year	18%
5 Year	18.2%
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	10.24 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 \| ICICIBANK	5%	₹2,677 Cr	19,413,840 ↓ -3,278,300
NTPC Ltd (Utilities) Equity, Since 28 Feb 17 \| NTPC	5%	₹2,561 Cr	67,060,559 ↓ -7,735,000
Reliance Industries Ltd (Energy) Equity, Since 30 Jun 22 \| RELIANCE	5%	₹2,528 Cr	18,138,909 ↓ -805,000
HDFC Bank Ltd (Financial Services) Equity, Since 30 Apr 21 \| HDFCBANK	5%	₹2,351 Cr	26,480,965 ↑ 850,000
Sun Pharmaceuticals Industries Ltd (Healthcare) Equity, Since 31 May 16 \| SUNPHARMA	4%	₹2,109 Cr	12,144,223 ↓ -2,033,850
TVS Motor Co Ltd (Consumer Cyclical) Equity, Since 28 Feb 18 \| TVSMOTOR	3%	₹1,541 Cr	3,981,427
Axis Bank Ltd (Financial Services) Equity, Since 31 Mar 21 \| AXISBANK	3%	₹1,482 Cr	10,707,447 ↓ -751,875
Avenue Supermarts Ltd (Consumer Defensive) Equity, Since 31 Jan 23 \| DMART	2%	₹1,238 Cr	3,218,463
InterGlobe Aviation Ltd (Industrials) Equity, Since 28 Feb 23 \| INDIGO	2%	₹1,224 Cr	2,535,996
6.48% Gs 2035 Sovereign Bonds \| -	2%	₹987 Cr	99,986,200 ↑ 12,500,000

4. ICICI Prudential Multi-Asset Fund

(Erstwhile ICICI Prudential Dynamic Plan)

To generate capital appreciation by actively investing in equity and equity related securities. For defensive considerations, the Scheme may invest in debt, money market instruments and derivatives. The investment manager will have the discretion to take aggressive asset calls i.e. by staying 100% invested in equity market/equity related instruments at a given point of time and 0% at another, in which case, the fund may be invested in debt related instruments at its discretion. The AMC may choose to churn the portfolio of the Scheme in order to achieve the investment objective. The Scheme is suitable for investors seeking high returns and for those who are willing to take commensurate risks.

Research Highlights for ICICI Prudential Multi-Asset Fund

Highest AUM (₹83,045 Cr).
Established history (23+ yrs).
Rating: 2★ (upper mid).
Risk profile: Moderately High.
5Y return: 18.72% (top quartile).
3Y return: 17.88% (upper mid).
1Y return: 12.81% (lower mid).
1M return: -0.41% (lower mid).
Alpha: 0.00 (lower mid).
Sharpe: 2.37 (upper mid).
Information ratio: 0.00 (lower mid).
Top sector: Financial Services.
Higher exposure to Cash Equivalent (bond sector) vs peer median.
High-quality debt (AAA/AA ~99%).
Largest holding ICICI Pru Gold ETF (~9.4%).

Below is the key information for ICICI Prudential Multi-Asset Fund

ICICI Prudential Multi-Asset Fund Growth
Launch Date	31 Oct 02
NAV (09 Apr 26)	₹792.872 ↓ -4.44 (-0.56 %)
Net Assets (Cr)	₹83,045 on 28 Feb 26
Category	Hybrid - Multi Asset
AMC	ICICI Prudential Asset Management Company Limited
Rating	☆☆
Risk	Moderately High
Expense Ratio	1.47
Sharpe Ratio	2.37
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	100
Exit Load	0-1 Years (1%),1 Years and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
31 Mar 21	₹10,000
31 Mar 22	₹13,110
31 Mar 23	₹14,472
31 Mar 24	₹19,185
31 Mar 25	₹21,737
31 Mar 26	₹22,851

ICICI Prudential Multi-Asset Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹481,656.
Net Profit of ₹181,656 Invest Now

Returns for ICICI Prudential Multi-Asset Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 10 Apr 26

Duration	Returns
1 Month	-0.4%
3 Month	-2.6%
6 Month	0.6%
1 Year	12.8%
3 Year	17.9%
5 Year	18.7%
10 Year
15 Year
Since launch	20.5%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	18.6%
2024	16.1%
2023	24.1%
2022	16.8%
2021	34.7%
2020	9.9%
2019	7.7%
2018	-2.2%
2017	28.2%
2016	12.5%

Fund Manager information for ICICI Prudential Multi-Asset Fund

Name	Since	Tenure
Sankaran Naren	1 Feb 12	14.09 Yr.
Manish Banthia	22 Jan 24	2.1 Yr.
Ihab Dalwai	3 Jun 17	8.75 Yr.
Akhil Kakkar	22 Jan 24	2.1 Yr.
Sri Sharma	30 Apr 21	4.84 Yr.
Gaurav Chikane	2 Aug 21	4.58 Yr.
Sharmila D'Silva	31 Jul 22	3.58 Yr.
Masoomi Jhurmarvala	4 Nov 24	1.32 Yr.

Data below for ICICI Prudential Multi-Asset Fund as on 28 Feb 26

Asset Allocation

Asset Class	Value
Cash	17.74%
Equity	63.65%
Debt	8.88%
Other	9.73%

Equity Sector Allocation

Sector	Value
Financial Services	21.33%
Consumer Cyclical	12.32%
Consumer Defensive	6.56%
Industrials	6.23%
Basic Materials	5.47%
Technology	4.87%
Health Care	3.69%
Energy	3.66%
Utility	2.39%
Real Estate	2.1%
Communication Services	2.09%

Debt Sector Allocation

Sector	Value
Cash Equivalent	16.37%
Government	5.38%
Corporate	4.87%

Credit Quality

Rating	Value
A	1.16%
AA	16.55%
AAA	82.29%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Pru Gold ETF - \| -	9%	₹7,793 Cr	571,818,912 ↑ 43,616,276
HDFC Bank Ltd (Financial Services) Equity, Since 31 Jan 22 \| HDFCBANK	4%	₹3,121 Cr	35,156,280 ↑ 3,600,000
ICICI Bank Ltd (Financial Services) Equity, Since 31 May 06 \| ICICIBANK	4%	₹2,939 Cr	21,315,375 ↓ -1,956,500
Axis Bank Ltd (Financial Services) Equity, Since 31 Dec 20 \| AXISBANK	3%	₹2,189 Cr	15,814,767 ↓ -911,250
Reliance Industries Ltd (Energy) Equity, Since 31 Dec 20 \| RELIANCE	2%	₹2,070 Cr	14,849,805 ↓ -500,000
ITC Ltd (Consumer Defensive) Equity, Since 31 Mar 24 \| ITC	2%	₹1,840 Cr	58,664,918 ↓ -9,860,800
Bajaj Finserv Ltd (Financial Services) Equity, Since 31 Jan 24 \| BAJAJFINSV	2%	₹1,818 Cr	9,120,598 ↑ 1,026,471
InterGlobe Aviation Ltd (Industrials) Equity, Since 28 Feb 23 \| INDIGO	2%	₹1,813 Cr	3,756,044 ↑ 46,070
Infosys Ltd (Technology) Equity, Since 31 Oct 19 \| INFY	2%	₹1,781 Cr	13,702,101 ↑ 2,476,462
Maruti Suzuki India Ltd (Consumer Cyclical) Equity, Since 31 Aug 21 \| MARUTI	2%	₹1,557 Cr	1,047,836 ↑ 29,182

5. SBI Multi Asset Allocation Fund

(Erstwhile SBI Magnum Monthly Income Plan Floater)

To provide regular income, liquidity and attractive returns to investors in addition to mitigating the impact of interest rate risk through an actively managed portfolio of floating rate and fixed rate debt instruments, equity, money market instruments and derivatives.

Research Highlights for SBI Multi Asset Allocation Fund

Upper mid AUM (₹16,367 Cr).
Established history (20+ yrs).
Rating: 4★ (top quartile).
Risk profile: Moderate.
5Y return: 14.25% (upper mid).
3Y return: 17.60% (upper mid).
1Y return: 20.46% (top quartile).
1M return: -1.00% (bottom quartile).
Alpha: 0.00 (upper mid).
Sharpe: 3.60 (top quartile).
Information ratio: 0.00 (bottom quartile).
Top sector: Financial Services.
Higher exposure to Corporate (bond sector) vs peer median.
High-quality debt (AAA/AA ~97%).
Largest holding SBI Gold ETF (~5.5%).

Below is the key information for SBI Multi Asset Allocation Fund

SBI Multi Asset Allocation Fund Growth
Launch Date	21 Dec 05
NAV (10 Apr 26)	₹65.2433 ↑ 0.44 (0.67 %)
Net Assets (Cr)	₹16,367 on 28 Feb 26
Category	Hybrid - Multi Asset
AMC	SBI Funds Management Private Limited
Rating	☆☆☆☆
Risk	Moderate
Expense Ratio	1.46
Sharpe Ratio	3.6
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
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 Mar 21	₹10,000
31 Mar 22	₹11,389
31 Mar 23	₹11,969
31 Mar 24	₹15,185
31 Mar 25	₹16,774
31 Mar 26	₹18,978

SBI Multi Asset Allocation Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹436,710.
Net Profit of ₹136,710 Invest Now

Returns for SBI Multi Asset Allocation Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 10 Apr 26

Duration	Returns
1 Month	-1%
3 Month	0.2%
6 Month	4.6%
1 Year	20.5%
3 Year	17.6%
5 Year	14.2%
10 Year
15 Year
Since launch	9.7%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	18.6%
2024	12.8%
2023	24.4%
2022	6%
2021	13%
2020	14.2%
2019	10.6%
2018	0.4%
2017	10.9%
2016	8.7%

Fund Manager information for SBI Multi Asset Allocation Fund

Name	Since	Tenure
Dinesh Balachandran	31 Oct 21	4.33 Yr.
Mansi Sajeja	1 Dec 23	2.25 Yr.
Vandna Soni	1 Jan 24	2.16 Yr.

Data below for SBI Multi Asset Allocation Fund as on 28 Feb 26

Asset Allocation

Asset Class	Value
Cash	12.26%
Equity	45.54%
Debt	31.72%
Other	10.48%

Equity Sector Allocation

Sector	Value
Financial Services	13.13%
Real Estate	5.35%
Energy	5.31%
Basic Materials	4.6%
Consumer Cyclical	4.56%
Utility	3.02%
Technology	2.35%
Consumer Defensive	2.34%
Industrials	1.67%
Communication Services	1.62%
Health Care	1.6%

Debt Sector Allocation

Sector	Value
Corporate	26.23%
Cash Equivalent	10%
Government	7.75%

Credit Quality

Rating	Value
A	3.13%
AA	45.6%
AAA	51.27%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
SBI Gold ETF - \| -	6%	₹904 Cr	66,591,000 ↑ 29,350,000
SBI Silver ETF - \| -	5%	₹836 Cr	32,296,178
Brookfield India Real Estate Trust (Real Estate) -, Since 30 Apr 25 \| BIRET	3%	₹560 Cr	15,164,234
6.48% Gs 2035 Sovereign Bonds \| -	3%	₹493 Cr	50,000,000 ↑ 50,000,000
GAIL (India) Ltd (Utilities) Equity, Since 31 Mar 21 \| GAIL	2%	₹396 Cr	23,350,297 ↑ 1,916,287
Bandhan Bank Ltd (Financial Services) Equity, Since 30 Sep 24 \| BANDHANBNK	2%	₹373 Cr	20,500,000 ↑ 9,000,000
Oil & Natural Gas Corp Ltd (Energy) Equity, Since 15 Apr 24 \| ONGC	2%	₹322 Cr	11,500,000
Adani Power Limited Debentures \| -	2%	₹299 Cr	30,000
Punjab National Bank (Financial Services) Equity, Since 31 Oct 24 \| PNB	2%	₹272 Cr	21,000,000
The Federal Bank Ltd (Financial Services) Equity, Since 15 Jul 25 \| FEDERALBNK	2%	₹270 Cr	9,000,000 ↑ 2,500,000

6. JM Equity Hybrid Fund

(Erstwhile JM Balanced Fund)

To provide steady current income as well as long term growth of capital.

Research Highlights for JM Equity Hybrid Fund

Bottom quartile AUM (₹735 Cr).
Oldest track record among peers (31 yrs).
Rating: 1★ (lower mid).
Risk profile: Moderately High.
5Y return: 13.85% (lower mid).
3Y return: 16.42% (lower mid).
1Y return: 3.65% (bottom quartile).
1M return: 0.91% (upper mid).
Alpha: -6.31 (bottom quartile).
Sharpe: 0.19 (bottom quartile).
Information ratio: 0.45 (upper mid).
Top sector: Financial Services.
Top bond sector: Corporate.
Equity-heavy allocation (~75%).
High-quality debt (AAA/AA ~100%).
Largest holding HDFC Bank Ltd (~4.2%).

Below is the key information for JM Equity Hybrid Fund

JM Equity Hybrid Fund Growth
Launch Date	1 Apr 95
NAV (10 Apr 26)	₹113.754 ↑ 1.41 (1.26 %)
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
31 Mar 21	₹10,000
31 Mar 22	₹11,498
31 Mar 23	₹12,169
31 Mar 24	₹18,130
31 Mar 25	₹19,398
31 Mar 26	₹18,103

JM Equity Hybrid Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹426,080.
Net Profit of ₹126,080 Invest Now

Returns for JM Equity Hybrid Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 10 Apr 26

Duration	Returns
1 Month	0.9%
3 Month	-3.8%
6 Month	-6.9%
1 Year	3.6%
3 Year	16.4%
5 Year	13.8%
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	1.41 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 \| HDFCBANK	4%	₹31 Cr	350,000
Larsen & Toubro Ltd (Industrials) Equity, Since 31 May 21 \| LT	4%	₹27 Cr	64,000 ↓ -14,000
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Oct 24 \| BHARTIARTL	4%	₹27 Cr	145,246
Bajaj Finance Ltd (Financial Services) Equity, Since 31 Jan 25 \| BAJFINANCE	4%	₹27 Cr	270,040 ↓ -15,000
Multi Commodity Exchange of India Ltd (Financial Services) Equity, Since 31 May 25 \| MCX	3%	₹23 Cr	95,380 ↓ -44,000
Ujjivan Small Finance Bank Ltd Ordinary Shares (Financial Services) Equity, Since 31 Jan 25 \| UJJIVANSFB	3%	₹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 \| VEDL	3%	₹20 Cr	280,000
Axis Bank Ltd (Financial Services) Equity, Since 31 Oct 25 \| AXISBANK	3%	₹19 Cr	134,516
Canara Bank (Financial Services) Equity, Since 30 Sep 25 \| CANBK	2%	₹18 Cr	1,129,319 ↓ -100,000

7. Sundaram Equity Hybrid Fund

(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

Lower mid AUM (₹1,954 Cr).
Established history (25+ yrs).
Rating: 2★ (lower mid).
Risk profile: Moderately High.
5Y return: 14.20% (upper mid).
3Y return: 16.03% (lower mid).
1Y return: 27.10% (top quartile).
1M return: 1.80% (top quartile).
Alpha: 5.81 (top quartile).
Sharpe: 2.64 (upper mid).
Information ratio: -0.12 (bottom quartile).

Below is the key information for 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
31 Mar 21	₹10,000

Sundaram Equity Hybrid Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹436,710.
Net Profit of ₹136,710 Invest Now

Returns for Sundaram Equity Hybrid Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 10 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

8. Bandhan Hybrid Equity Fund

(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

Bottom quartile AUM (₹1,747 Cr).
Established history (9+ yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 12.70% (bottom quartile).
3Y return: 15.53% (lower mid).
1Y return: 14.10% (upper mid).
1M return: 0.45% (upper mid).
Alpha: 4.83 (top quartile).
Sharpe: 1.47 (lower mid).
Information ratio: 0.56 (upper mid).
Top sector: Financial Services.
Top bond sector: Corporate.
Equity-heavy allocation (~78%).
High-quality debt (AAA/AA ~100%).
Largest holding ICICI Bank Ltd (~7.0%).

Below is the key information for Bandhan Hybrid Equity Fund

Bandhan Hybrid Equity Fund Growth
Launch Date	30 Dec 16
NAV (10 Apr 26)	₹26.182 ↑ 0.31 (1.19 %)
Net Assets (Cr)	₹1,747 on 28 Feb 26
Category	Hybrid - Hybrid Equity
AMC	IDFC Asset Management Company Limited
Rating	Not Rated
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
31 Mar 21	₹10,000
31 Mar 22	₹11,975
31 Mar 23	₹11,880
31 Mar 24	₹15,208
31 Mar 25	₹16,977
31 Mar 26	₹17,313

Bandhan Hybrid Equity Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹415,684.
Net Profit of ₹115,684 Invest Now

Returns for Bandhan Hybrid Equity Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 10 Apr 26

Duration	Returns
1 Month	0.4%
3 Month	-2%
6 Month	-1.3%
1 Year	14.1%
3 Year	15.5%
5 Year	12.7%
10 Year
15 Year
Since launch	10.9%

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	4.59 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 \| ICICIBANK	7%	₹122 Cr	883,287 ↑ 308,787
HDFC Bank Ltd (Financial Services) Equity, Since 30 Jun 24 \| HDFCBANK	5%	₹84 Cr	945,394 ↓ -46,648
Reliance Industries Ltd (Energy) Equity, Since 30 Apr 20 \| RELIANCE	4%	₹64 Cr	459,348 ↑ 18,379
State Bank of India (Financial Services) Equity, Since 28 Feb 21 \| SBIN	3%	₹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 \| INFY	3%	₹49 Cr	375,552 ↑ 108,890
NTPC Ltd (Utilities) Equity, Since 28 Feb 23 \| NTPC	3%	₹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 \| LT	2%	₹39 Cr	90,789 ↑ 5,909

9. Edelweiss Multi Asset Allocation Fund

(Erstwhile Edelweiss Prudent Advantage Fund)

The objective of the Scheme is to generate returns through capital appreciation by investing in diversified portfolio of equity and equity-related securities, fixed income instruments and Gold Exchange Traded Funds. However, there is no assurance that the investment objective of the Scheme will be realized.

Research Highlights for Edelweiss Multi Asset Allocation Fund

Lower mid AUM (₹3,546 Cr).
Established history (16+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 14.16% (lower mid).
3Y return: 15.43% (bottom quartile).
1Y return: 8.76% (bottom quartile).
1M return: 0.37% (upper mid).
Alpha: -0.88 (bottom quartile).
Sharpe: 0.88 (bottom quartile).
Information ratio: 1.00 (upper mid).
Top sector: Financial Services.
Top bond sector: Corporate.
Equity-heavy allocation (~76%).
High-quality debt (AAA/AA ~100%).
Largest holding ICICI Bank Ltd (~4.8%).

Below is the key information for Edelweiss Multi Asset Allocation Fund

Edelweiss Multi Asset Allocation Fund Growth
Launch Date	12 Aug 09
NAV (10 Apr 26)	₹62.58 ↑ 0.58 (0.94 %)
Net Assets (Cr)	₹3,546 on 28 Feb 26
Category	Hybrid - Multi Asset
AMC	Edelweiss Asset Management Limited
Rating	☆
Risk	Moderately High
Expense Ratio	1.98
Sharpe Ratio	0.88
Information Ratio	1
Alpha Ratio	-0.88
Min Investment	5,000
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
31 Mar 21	₹10,000
31 Mar 22	₹11,974
31 Mar 23	₹12,548
31 Mar 24	₹16,868
31 Mar 25	₹18,618
31 Mar 26	₹18,331

Edelweiss Multi Asset Allocation Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹436,710.
Net Profit of ₹136,710 Invest Now

Returns for Edelweiss Multi Asset Allocation Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 10 Apr 26

Duration	Returns
1 Month	0.4%
3 Month	-2.2%
6 Month	-2.6%
1 Year	8.8%
3 Year	15.4%
5 Year	14.2%
10 Year
15 Year
Since launch

Historical performance (Yearly) on absolute basis

Year	Returns
2025	6%
2024	20.2%
2023	25.4%
2022	5.3%
2021	27.1%
2020	12.7%
2019	10.4%
2018	-0.1%
2017	26.1%
2016	0.2%

Fund Manager information for Edelweiss Multi Asset Allocation Fund

Name	Since	Tenure
Kedar Karnik	15 Jan 26	0.12 Yr.
Bhavesh Jain	14 Oct 15	10.38 Yr.
Bharat Lahoti	1 Oct 21	4.41 Yr.
Rahul Dedhia	1 Jul 24	1.66 Yr.

Data below for Edelweiss Multi Asset Allocation Fund as on 28 Feb 26

Asset Allocation

Asset Class	Value
Cash	10.68%
Equity	76.32%
Debt	12.98%
Other	0.01%

Equity Sector Allocation

Sector	Value
Financial Services	23.17%
Health Care	8.98%
Consumer Cyclical	7.5%
Basic Materials	6.85%
Industrials	5.89%
Technology	5.42%
Energy	5.04%
Communication Services	4.93%
Consumer Defensive	3.7%
Utility	2.69%
Real Estate	0.49%

Debt Sector Allocation

Sector	Value
Corporate	9.78%
Cash Equivalent	9.03%
Government	4.85%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Bank Ltd (Financial Services) Equity, Since 31 Mar 15 \| ICICIBANK	5%	₹170 Cr	1,235,789
Edelweiss Liquid Dir Gr Investment Fund \| -	5%	₹161 Cr	454,381
State Bank of India (Financial Services) Equity, Since 30 Jun 15 \| SBIN	4%	₹152 Cr	1,264,882
HDFC Bank Ltd (Financial Services) Equity, Since 31 Oct 15 \| HDFCBANK	4%	₹143 Cr	1,613,634
National Bank For Agriculture And Rural Development Debentures \| -	4%	₹141 Cr	14,000,000
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Oct 19 \| BHARTIARTL	3%	₹110 Cr	583,607
NTPC Ltd (Utilities) Equity, Since 30 Nov 21 \| NTPC	3%	₹95 Cr	2,497,975
Reliance Industries Ltd (Energy) Equity, Since 31 Aug 20 \| RELIANCE	3%	₹90 Cr	647,748
Aditya Birla Capital Limited Debentures \| -	2%	₹76 Cr	7,500,000
Hdb Financial Services Limited Debentures \| -	2%	₹75 Cr	7,500,000

10. UTI Hybrid Equity Fund

(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

Upper mid AUM (₹6,663 Cr).
Established history (31+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderately High.
5Y return: 13.85% (lower mid).
3Y return: 15.15% (bottom quartile).
1Y return: 8.06% (bottom quartile).
1M return: -0.53% (lower mid).
Alpha: -0.58 (bottom quartile).
Sharpe: 0.90 (bottom quartile).
Information ratio: 1.16 (top quartile).
Top sector: Financial Services.
Higher exposure to Government (bond sector) vs peer median.
Equity-heavy allocation (~72%).
High-quality debt (AAA/AA ~100%).
Largest holding HDFC Bank Ltd (~5.3%).

Below is the key information for UTI Hybrid Equity Fund

UTI Hybrid Equity Fund Growth
Launch Date	2 Jan 95
NAV (10 Apr 26)	₹399.331 ↑ 3.60 (0.91 %)
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
31 Mar 21	₹10,000
31 Mar 22	₹11,989
31 Mar 23	₹12,497
31 Mar 24	₹16,678
31 Mar 25	₹18,466
31 Mar 26	₹18,272

UTI Hybrid Equity Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹426,080.
Net Profit of ₹126,080 Invest Now

Returns for UTI Hybrid Equity Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 10 Apr 26

Duration	Returns
1 Month	-0.5%
3 Month	-3.5%
6 Month	-1.6%
1 Year	8.1%
3 Year	15.2%
5 Year	13.8%
10 Year
15 Year
Since launch	14.7%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	6.4%
2024	19.7%
2023	25.5%
2022	5.6%
2021	30.5%
2020	13.2%
2019	2.5%
2018	-5.6%
2017	25.7%
2016	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 \| HDFCBANK	5%	₹351 Cr	3,958,634 ↓ -69,312
ICICI Bank Ltd (Financial Services) Equity, Since 31 Mar 10 \| ICICIBANK	5%	₹306 Cr	2,218,644
Infosys Ltd (Technology) Equity, Since 31 Mar 06 \| INFY	3%	₹222 Cr	1,709,717 ↑ 42,222
Larsen & Toubro Ltd (Industrials) Equity, Since 31 Mar 12 \| LT	3%	₹185 Cr	432,809 ↑ 19,500
Reliance Industries Ltd (Energy) Equity, Since 31 Dec 19 \| RELIANCE	3%	₹181 Cr	1,301,903 ↓ -34,463
Vedanta Ltd (Basic Materials) Equity, Since 30 Apr 24 \| VEDL	2%	₹157 Cr	2,181,845 ↓ -143,649
ITC Ltd (Consumer Defensive) Equity, Since 31 Aug 06 \| ITC	2%	₹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 \| POWERGRID	2%	₹136 Cr	4,565,707 ↑ 253,982

11. Axis Triple Advantage Fund

To generate long term capital appreciation by investing in a diversified portfolio of equity and equity related instruments, fixed income instruments & gold exchange traded funds.

Research Highlights for Axis Triple Advantage Fund

Lower mid AUM (₹2,175 Cr).
Established history (15+ yrs).
Rating: 2★ (upper mid).
Risk profile: Moderately High.
5Y return: 10.70% (bottom quartile).
3Y return: 14.91% (bottom quartile).
1Y return: 18.53% (upper mid).
1M return: -1.96% (bottom quartile).
Alpha: 0.00 (lower mid).
Sharpe: 3.65 (top quartile).
Information ratio: 0.00 (bottom quartile).
Top sector: Financial Services.
Higher exposure to Cash Equivalent (bond sector) vs peer median.
High-quality debt (AAA/AA ~90%).
Largest holding Axis Gold ETF (~13.3%).

Below is the key information for Axis Triple Advantage Fund

Axis Triple Advantage Fund Growth
Launch Date	23 Aug 10
NAV (10 Apr 26)	₹43.384 ↑ 0.46 (1.07 %)
Net Assets (Cr)	₹2,175 on 28 Feb 26
Category	Hybrid - Multi Asset
AMC	Axis Asset Management Company Limited
Rating	☆☆
Risk	Moderately High
Expense Ratio	2.1
Sharpe Ratio	3.65
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	1,000
Exit Load	0-12 Months (1%),12 Months and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
31 Mar 21	₹10,000
31 Mar 22	₹11,756
31 Mar 23	₹10,984
31 Mar 24	₹13,189
31 Mar 25	₹14,663
31 Mar 26	₹16,108

Axis Triple Advantage Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹395,578.
Net Profit of ₹95,578 Invest Now

Returns for Axis Triple Advantage Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 10 Apr 26

Duration	Returns
1 Month	-2%
3 Month	-1.7%
6 Month	2%
1 Year	18.5%
3 Year	14.9%
5 Year	10.7%
10 Year
15 Year
Since launch	9.8%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	15.3%
2024	15.4%
2023	12.9%
2022	-5.8%
2021	22.8%
2020	18%
2019	15.3%
2018	1.9%
2017	15.9%
2016	7.1%

Fund Manager information for Axis Triple Advantage Fund

Name	Since	Tenure
Devang Shah	5 Apr 24	1.9 Yr.
Aditya Pagaria	1 Jun 24	1.75 Yr.
Ashish Naik	22 Jun 16	9.69 Yr.
Hardik Shah	5 Apr 24	1.9 Yr.
Pratik Tibrewal	1 Feb 25	1.07 Yr.
Krishnaa N	16 Dec 24	1.2 Yr.

Data below for Axis Triple Advantage Fund as on 28 Feb 26

Asset Allocation

Asset Class	Value
Cash	14.36%
Equity	58.61%
Debt	11.21%
Other	15.81%

Equity Sector Allocation

Sector	Value
Financial Services	24.35%
Consumer Cyclical	9.91%
Industrials	5.67%
Basic Materials	5.43%
Health Care	5.33%
Consumer Defensive	4.69%
Technology	3.99%
Energy	3.48%
Communication Services	2.25%
Real Estate	0.44%

Debt Sector Allocation

Sector	Value
Cash Equivalent	14.95%
Corporate	5.95%
Government	4.67%

Credit Quality

Rating	Value
A	10.39%
AA	38.79%
AAA	50.82%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Axis Gold ETF - \| -	13%	₹290 Cr	21,787,291 ↑ 1,527,439
HDFC Bank Ltd (Financial Services) Equity, Since 30 Sep 10 \| HDFCBANK	8%	₹170 Cr	1,909,649 ↑ 390,896
Future on BANK Index - \| -	6%	-₹122 Cr	1,244,000 ↑ 659,350
ICICI Bank Ltd (Financial Services) Equity, Since 30 Nov 18 \| ICICIBANK	5%	₹110 Cr	795,412 ↑ 38,862
State Bank of India (Financial Services) Equity, Since 30 Nov 22 \| SBIN	4%	₹86 Cr	716,029
Reliance Industries Ltd (Energy) Equity, Since 30 Apr 19 \| RELIANCE	3%	₹71 Cr	511,956 ↑ 56,500
Axis Silver ETF - \| -	3%	₹60 Cr	2,297,575 ↓ -619,425
National Bank For Agriculture And Rural Development Debentures \| -	2%	₹50 Cr	5,000 ↑ 5,000
Infosys Ltd (Technology) Equity, Since 31 May 18 \| INFY	2%	₹44 Cr	334,914 ↑ 58,152
Axis Bank Ltd (Financial Services) Equity, Since 31 Jan 26 \| AXISBANK	2%	₹41 Cr	293,304 ↑ 116,499

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