Last updated 1 July 2026 · vs April 2026 · How the score is calculated
Balanced hybrid funds hold 40-60% in equity and the rest in debt, by SEBI mandate. The category is the simplest 'all-in-one' allocation in the Indian mutual fund industry, suitable for investors who want one fund that combines equity growth and debt stability without managing two SIPs. The expected return is roughly 3-4 percentage points below a pure equity fund over a full cycle, with a standard deviation that is also 3-4 points below. The category was renamed from 'Balanced Fund' to 'Balanced Hybrid' in the 2017 SEBI re-categorisation, and the old aggressive-balanced funds were pushed into the 'Aggressive Hybrid' bucket. How to read this table. Compare the 5-year return to 60% Nifty 50 + 40% gilt. A balanced hybrid fund should roughly match that blended benchmark (before tax) and beat it (after tax, for investors in the highest slab).
Each Balanced Hybrid fund in the table is scored on a blend of five factors: 1-year, 3-year, and 5-year returns, the 3-year Sharpe ratio, and the 3-year maximum drawdown. The 5-year return carries the heaviest weight; the 1-year return carries the lightest, because a single year is mostly noise. Funds with less than three years of history are kept out of the 3Y / 5Y windows but are still listed if they have a 1-year track record.
The underlying NAV data is sourced nightly from the AMFI daily NAV file and the AMC factsheets. The score is re-run every month after the latest upload. Two funds with a score within 5 points of each other are essentially interchangeable for retail purposes; pick from the top 3-5 names in the list, not just the top 1. The full formula, weights, and edge cases are in the rankings methodology post.
| Rank | Scheme | Score |
|---|---|---|
1↑1 | Nippon India Balanced Advantage Fund-Growth Plan-Growth Option Nippon India Mutual Fund · Regular | 0.0 |
Rankings based on data up to 1 July 2026. Direct plans and regular plans are scored separately; this table shows the regular plan of each fund. For educational purposes only, not investment advice. Mutual fund investments are subject to market risks. Read the full disclaimer.
Balanced hybrid funds differ in the equity-debt split (40-60 versus 50-50 versus 60-40) and in the debt quality (government securities only versus AA+ and below corporate bond). Equity-skewed balanced hybrids behave more like aggressive hybrid; debt-heavy ones behave more like conservative hybrid.
FinvestR Research Desk
Research team, FinvestR
The FinvestR research desk produces the monthly fund rankings and the underlying scoring engine. The team includes AMFI-registered distributors (ARN-142502) and NISM-Series-V-A certified research analysts. Plain English, no product pitches, full methodology on every page.
AMFI-registered Mutual Fund Distributor · ARN-142502 · NISM-Series-V-A: Mutual Fund Distributors
Last updated 1 July 2026. The full ranking methodology and the data sources are published in the July 2026 rankings post. Past performance does not indicate future results.
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. FinvestR Capital is registered with AMFI as a Mutual Fund Distributor (ARN-142502). The rankings on this page are research output and not personalised investment advice. Consult a SEBI- registered investment advisor for advice tailored to your situation.