Top Balanced Funds Over 10 years

Balanced Funds in India 

Balanced funds, available through mutual funds or ULIPs, provide a "one-stop" investment solution by diversifying across equities and fixed-income debt. Managed by professionals, these funds are ideal for investors with a medium risk appetite who seek capital appreciation without the high volatility of a 100% equity portfolio.

Top Balanced Funds in India

The table below illustrates the top balanced funds over 10 years: 

1. ICICI Prudential Equity & Debt Fund Direct - Growth

   A veteran in the category that aggressively seeks wealth creation by maintaining a high equity exposure (around 70-75%) while using debt for downside protection.

   Parameters	Details
   Fund Name	ICICI Prudential Equity & Debt Fund Direct-Growth
   NAV	₹ 448.65 (as on 30th January, 2026)
   AUM	₹44,605.00 Crs
   Expense Ratio	0.95%
   Return 5 Years	26.69%
   Minimum Investment	SIP ₹1000 & Lumpsum ₹5,000
   Risk Level	Principal at very high risk
   Launch Date	NA
   Asset Allocation	Equity: 73.55%, Debt: 17.17%, Others: 7.12%
   Top Sectors	Materials Real Estate Technology Consumer Discretionary Industrials Consumer Staples Diversified Energy & Utilities Financial Healthcare
   Top Holdings	ICICI Bank Ltd Reliance Industries Ltd NTPC Ltd Sun Pharmaceutical Industries Ltd Maruti Suzuki India Ltd Cash Margin HDFC Bank Ltd Axis Bank Ltd Infosys Ltd TVS Motor Company Ltd
   Fund Managers	Sankaran Naren Manish Banthia Mittul Kalawadia Akhil Kakkar Sri Sharma Sharmila D'Silva Nitya Mishra
   Fund Type	Open-ended

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2. UTI Aggressive Hybrid Fund Regular Plan - Growth

   Known for its conservative approach within the aggressive category, focusing on high-quality stocks and a reliable debt portfolio to deliver steady, long-term capital appreciation.

   Parameters	Details
   Fund Name	UTI Aggressive Hybrid Fund Regular Plan-Growth
   NAV	₹ 411.52 (as on 30th January, 2026)
   AUM	₹6,422.41 Crs
   Expense Ratio	1.87%
   Return 5 Years	19.54%
   Minimum Investment	SIP ₹1000 & Lumpsum ₹1,000
   Risk Level	Principal at very high risk
   Launch Date	NA
   Asset Allocation	Equity: 69.03%, Debt: 24.7%, Others: 2.83%
   Top Sectors	Consumer Discretionary Industrials Consumer Staples Energy & Utilities Financial Healthcare Materials Real Estate Technology
   Top Holdings	HDFC Bank Ltd ICICI Bank Ltd Infosys Ltd GOVERNMENT OF INDIA 35152 GOI 18NV39 6.92 FV RS 100 Reliance Industries Ltd ITC Ltd Net Current Assets GOI Sec 7.23 15/04/2039 GOVERNMENT OF INDIA 35943 GOI 05MY35 6.33 FV RS 100 GOI Sec 7.18 24/07/2037
   Fund Managers	V Srivatsa Sunil Madhukar Patil
   Fund Type	Open-ended

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3. Bandhan Aggressive Hybrid Fund Regular - Growth

   This fund aims for capital growth by investing across the market-cap spectrum and uses fixed-income securities to generate regular income for investors.

   Parameters	Details
   Fund Name	Bandhan Aggressive Hybrid Fund Regular-Growth
   NAV	₹ 26.44 (as on 30th January, 2026)
   AUM	₹1,082.56 Crs
   Expense Ratio	2.19%
   Return 5 Years	17.59%
   Minimum Investment	SIP ₹1000 & Lumpsum ₹1,000
   Risk Level	Principal at very high risk
   Launch Date	30th December, 2016
   Asset Allocation	Equity: 78.23%, Debt: 18.44%, Others: 3.33%
   Top Sectors	Consumer Discretionary Industrials Consumer Staples Energy & Utilities Financial Healthcare Materials Real Estate Technology
   Top Holdings	GOVERNMENT OF INDIA 33071 GOI 19JU53 7.3 FV RS 100 HDFC Bank Ltd INDIAN RAILWAY FINANCE CORPORATION LIMITED SR 181 7.37 BD 31JL29 FVRS1LAC Reliance Industries Ltd BAJAJ HOUSING FINANCE LIMITED 7.02 NCD 26MY28 FVRS1LAC ICICI Bank Ltd TATA CAPITAL LIMITED SR D STRPP II 8.0980 NCD 23SP27 FVRS1LAC Reverse Repo Zomato Ltd Axis Bank Ltd
   Fund Managers	Harshal Joshi Gaurav Satra Prateek Poddar Ritika Behera Brijesh Shah
   Fund Type	Open-ended

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4. Nippon India Aggressive Hybrid Fund Direct - Growth

   Strategically blends large-cap stock stability with a high-accrual debt strategy, making it a strong choice for consistent, risk-adjusted returns.

   Parameters	Details
   Fund Name	Nippon India Aggressive Hybrid Fund Direct-Growth
   NAV	₹ 119.31 (as on 30th January, 2026)
   AUM	₹3,936.34 Crs
   Expense Ratio	1.1%
   Return 5 Years	19.7%
   Minimum Investment	SIP ₹1000 & Lumpsum ₹500
   Risk Level	Principal at very high risk
   Launch Date	NA
   Asset Allocation	Equity: 72.24%, Debt: 18.98%, Others: 3.16%
   Top Sectors	Consumer Discretionary Diversified Real Estate Industrials Consumer Staples Energy & Utilities Financial Healthcare Materials Technology
   Top Holdings	HDFC Bank Ltd ICICI Bank Ltd Repo Larsen & Toubro Ltd Bharti Airtel Ltd Reliance Industries Ltd Axis Bank Ltd Infosys Ltd State Bank of India NTPC Ltd
   Fund Managers	Meenakshi Dawar Sushil Budhia
   Fund Type	Open-ended

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5. Kotak Aggressive Hybrid Fund Regular - Growth

   Focuses on "value" and "intrinsic growth," picking stocks that are less prone to market swings and balancing them with high-rated government and corporate bonds.

   Parameters	Details
   Fund Name	Kotak Aggressive Hybrid Fund Regular-Growth
   NAV	₹ 62.46 (as on 30th January, 2026)
   AUM	₹7,864.24 Crs
   Expense Ratio	1.75%
   Return 5 Years	18.9%
   Minimum Investment	SIP ₹1000 & Lumpsum ₹100
   Risk Level	Principal at very high risk
   Launch Date	NA
   Asset Allocation	Equity: 78.79%, Debt: 17.37%, Others: 3.56%
   Top Sectors	Consumer Discretionary Industrials Consumer Staples Diversified Energy & Utilities Financial Healthcare Materials Real Estate Technology
   Top Holdings	HDFC Bank Ltd GOVERNMENT OF INDIA 34238 GOI 22AP64 7.34 FV RS 100 Repo GOVERNMENT OF INDIA 33071 GOI 19JU53 7.3 FV RS 100 Zomato Ltd Fortis Healthcare Ltd GE T&D India Ltd Bajaj Finance Ltd GOVERNMENT OF INDIA 35840 GOI 15AP65 6.9 FV RS 100 Reverse Repo
   Fund Managers	Atul Bhole Abhishek Bisen
   Fund Type	Open-ended

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6. SBI Equity Hybrid Fund Direct Plan - Growth

   One of the largest and most popular funds in India, it targets high-growth companies while maintaining a diversified debt component to manage interim volatility.

   Parameters	Details
   Fund Name	SBI Equity Hybrid Fund Direct Plan-Growth
   NAV	₹ 334.82 (as on 30th January, 2026)
   AUM	₹77,793.99 Crs
   Expense Ratio	0.73%
   Return 5 Years	17.31%
   Minimum Investment	SIP ₹1000 & Lumpsum ₹1,000
   Risk Level	Principal at very high risk
   Launch Date	NA
   Asset Allocation	Equity: 74.9%, Debt: 20.94%, Others: 3.74%
   Top Sectors	Real Estate Consumer Discretionary Industrials Consumer Staples Energy & Utilities Financial Healthcare Materials Technology
   Top Holdings	HDFC Bank Ltd GOVERNMENT OF INDIA 36574 GOI 06OT35 6.48 FV RS 100 Repo GOVERNMENT OF INDIA 35031 GOI 07OT34 6.79 FV RS 100 Bharti Airtel Ltd ICICI Bank Ltd State Bank of India Kotak Mahindra Bank Ltd GOVERNMENT OF INDIA 35943 GOI 05MY35 6.33 FV RS 100 Solar Industries India Ltd
   Fund Managers	Rajeev Radhakrishnan Mansi Sajeja Pradeep Kesavan Rama Iyer Srinivasan
   Fund Type	Open-ended

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7. Invesco India Aggressive Hybrid Fund Regular - Growth

   Uses a disciplined bottom-up and top-down approach to select a diversified mix of 50–70 stocks, supported by a shield of sovereign-rated debt.

   Parameters	Details
   Fund Name	Invesco India Aggressive Hybrid Fund Regular - Growth
   NAV	₹ 21.89 (as on 30th January, 2026)
   AUM	₹753.70 Crs
   Expense Ratio	2.25%
   Return 5 Years	15.45%
   Minimum Investment	SIP ₹1000 & Lumpsum ₹1,000
   Risk Level	Principal at very high risk
   Launch Date	30th June, 2018
   Asset Allocation	Equity: 70.49%, Debt: 23.31%, Others: 6.2%
   Top Sectors	Consumer Discretionary Industrials Consumer Staples Energy & Utilities Financial Healthcare Materials Real Estate Technology
   Top Holdings	Invesco India Low Duration Fund Direct-Growth HDFC Bank Ltd Repo ICICI Bank Ltd Infosys Ltd NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR F24 7.68 BD 30AP29 FVRS1LAC ULTRATECH CEMENT LIMITED SR I 7.34 NCD 03MR28 FVRS1LAC JIO FINANCE LIMITED SR 1 7.19 NCD 15MR28 FVRS1LAC Interglobe Aviation Ltd Mahindra & Mahindra Ltd
   Fund Managers	Krishna Venkat Cheemalapati Hiten Jain
   Fund Type	Open-ended

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8. Mirae Asset Aggressive Hybrid Fund Regular - Growth

   A high-performing fund that leans toward a large-cap equity bias and an active debt management style to optimise wealth creation over 5+ years.

   Parameters	Details
   Fund Name	Mirae Asset Aggressive Hybrid Fund Regular-Growth
   NAV	₹ 32.99 (as on 30th January, 2026)
   AUM	₹9,181.25 Crs
   Expense Ratio	1.72%
   Return 5 Years	15.54%
   Minimum Investment	SIP ₹1000 & Lumpsum ₹5,000
   Risk Level	Principal at very high risk
   Launch Date	29th July, 2015
   Asset Allocation	Equity: 75.55%, Debt: 22.98%, Others: 1.48%
   Top Sectors	Consumer Discretionary Industrials Consumer Staples Energy & Utilities Financial Healthcare Materials Real Estate Technology
   Top Holdings	HDFC Bank Ltd Net Receivables ICICI Bank Ltd State Bank of India GOVERNMENT OF INDIA 35031 GOI 07OT34 6.79 FV RS 100 Reliance Industries Ltd Infosys Ltd Axis Bank Ltd GOVERNMENT OF INDIA 34208 GOI 08AP34 7.1 FV RS 100 NTPC Ltd
   Fund Managers	Mahendra Kumar Jajoo Harshad Borawake Vrijesh Kasera
   Fund Type	Open-ended

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9. HDFC Retirement Savings Fund - Hybrid Equity Plan Regular - Growth

   Specifically designed for retirement goals, it offers a diversified hybrid portfolio with the added benefit of no exit load to encourage long-term holding.

   Parameters	Details
   Fund Name	HDFC Retirement Savings Fund - Hybrid Equity Plan Regular-Growth
   NAV	₹ 38.58 (as on 30th January, 2026)
   AUM	₹1,672.73 Crs
   Expense Ratio	2.07%
   Return 5 Years	17.25%
   Minimum Investment	SIP ₹1000 & Lumpsum ₹100
   Risk Level	Principal at very high risk
   Launch Date	25th February, 2016
   Asset Allocation	Equity: 74.06%, Debt: 15.93%, Others: 9.14%
   Top Sectors	Consumer Discretionary Industrials Consumer Staples Diversified Energy & Utilities Financial Healthcare Materials Technology
   Top Holdings	Repo HDFC Bank Ltd ICICI Bank Ltd BAJAJ FINANCE LIMITED 7.93 NCD 02MY34 FVRS1LAC Reliance Industries Ltd Axis Bank Ltd Maruti Suzuki India Ltd State Bank of India Infosys Ltd Bharti Airtel Ltd
   Fund Managers	Arun Agarwal Nandita Menezes Shobhit Mehrotra Srinivasan Ramamurthy Dhruv Muchhal
   Fund Type	Open-ended

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10. HSBC Aggressive Hybrid Fund Direct - Growth

    Employs a rigorous "fundamental research" model to select scalable businesses, ensuring the portfolio stays true to its mandate of balancing inflation-adjusted growth with stability.

    Parameters	Details
    Fund Name	HSBC Aggressive Hybrid Fund Direct-Growth
    NAV	₹ 63.20 (as on 30th January, 2026)
    AUM	₹5,513.48 Crs
    Expense Ratio	0.83%
    Return 5 Years	17.06%
    Minimum Investment	SIP ₹1000 & Lumpsum ₹5,000
    Risk Level	Principal at very high risk
    Launch Date	1st January, 2013
    Asset Allocation	Equity: 74.73%, Debt: 21.05%, Others: 4.22%
    Top Sectors	Consumer Discretionary Industrials Consumer Staples Diversified Energy & Utilities Financial Healthcare Materials Real Estate Technology
    Top Holdings	Zomato Ltd Mahindra & Mahindra Ltd GE T&D India Ltd Repo Bharat Electronics Ltd ICICI Bank Ltd HDFC Bank Ltd CG Power & Industrial Solutions Ltd Trent Ltd Karur Vysya Bank Ltd
    Fund Managers	Shriram Ramanathan Gautam Bhupal Asif Rizwi Sonal Gupta
    Fund Type	Open-ended

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Key Features of Balanced Funds

Here are some of the features of balanced funds:

1. Structure:

   Typically invests 50% to 70% in equities, with the remainder in government securities and bonds.

2. Classification:

   Funds with over 65% equity exposure are equity-oriented; those below are debt-oriented.

3. ULIP Benefit:

   ULIP-based balanced funds provide the added advantage of life insurance coverage alongside the investment.

4. Goal:

   To balance market growth with the safety of fixed income, ensuring a more stable path to wealth creation.

Advantages of Balanced Funds 

• One of the major advantages of investing in a balanced fund is that it provides an option to switch the investment from one type of fund to another. Like you can easily transfer units partially or fully between the different fund options – debt, equity, equity to debt, or debt to equity. 
• These funds also provide good returns by investing 35% - 40% of the assets in the fixed income option. 
• It offers market-linked returns. 
• It is ideal for conservative investors who are ready to take moderate risks. 

What are the Risks Involved in Balanced Funds? 

Since the balanced funds are invested in debt and equity instruments, they carry all the risk that equity and debt have. The following risks of equity instruments are associated with the balanced funds – 

• Market risk, 
• volatility risk, and 
• concentration risk

Whereas the debt instruments carry credit and internal rate risk. 

Final Word 

Investors who are planning to invest for the long term, such as a child’s higher education, wedding, buying a house, and who have a high risk-taking appetite, can choose to invest in the balanced funds in India. In ULIP balanced funds, you can easily switch funds from one to another fund option, i.e., from debt to equity or equity to debt, based on the market performance. As we have already discussed the top balanced funds over 10 years, based on that, you can select your fund as per your risk appetite.