Balanced hybrid funds in India
5 live funds in the Balanced Hybrid category, ordered by 5-year return, highest first. Funds younger than five years follow by name. Returns are for the plan each fund's page leads with, Direct where the fund has one, to each fund's latest NAV, the newest of them on 31 Oct 2026; 3 and 5 year returns are a year, compounded.
Balanced Hybrid funds
Size is the average money the fund managed over its latest quarter. Cost is its yearly expense ratio.Filter them in the screener
360 ONE Balanced Hybrid Fund360 One Mutual FundNAV₹13.374530 Oct 20261Y+0.61%3Y+10.45%5Y–Size₹716 CrCost0.67%
ICICI Prudential Balanced Hybrid FundICICI Prudential Mutual FundNAV₹9.740030 Oct 20261Y–3Y–5Y–Size₹165 CrCost1.15%
SBI Balanced Hybrid FundSBI Mutual FundNAV₹9.81771Y–3Y–5Y–Size₹640 CrCost1.46%
UTI Balanced Hybrid FundUTI Mutual FundNAV₹9.824030 Oct 20261Y–3Y–5Y–Size₹42 CrCost1.38%
WhiteOak Capital Balanced Hybrid FundWhiteOak Capital Mutual FundNAV₹13.586030 Oct 20261Y−0.36%3Y+10.66%5Y–Size₹297 CrCost0.71%
Tax on balanced hybrid funds
Gains on units held over 24 months are taxed at 12.5%, with no yearly exemption; gains on units held 24 months or less at the income tax slab rate.
Rules in force from 23 Jul 2024, checked 27 Oct 2026. Surcharge and cess are not included.
About balanced hybrid funds in India
Balanced hybrid funds in India are mutual funds that keep 40% to 60% of their money in shares and 40% to 60% in debt, the loans and bonds that pay interest. SEBI sets this band for the category and does not allow arbitrage in it.
What SEBI requires
SEBI's hybrid group has seven categories, and balanced hybrid is the one with an even split. The fund holds 40% to 60% of its assets in equity and equity-related instruments, and 40% to 60% in debt instruments. A revised classification circular of 26 Feb 2026 keeps these bands and describes the fund as an open-ended balanced scheme investing only in equity and debt, with no arbitrage. Existing schemes were given six months from that date to comply.
Arbitrage
Arbitrage means buying shares and selling futures on the same shares, locking in a small price gap. Funds in the arbitrage category and many balanced advantage funds use it to count a share holding as hedged. A balanced hybrid fund cannot, so its equity share is real exposure to share prices, not a hedged position.
Neighbouring categories
Aggressive hybrid funds hold 65% to 80% in equity and conservative hybrid funds 10% to 25%, so balanced hybrid sits between them. Dynamic asset allocation or balanced advantage funds have no fixed band and move between equity and debt as their managers decide. A balanced hybrid fund's mix can drift only inside 40% to 60%.
Tax treatment
The tax law treats a fund with at least 65% in Indian shares as equity-oriented, and one with more than 65% in debt as a debt fund. A balanced hybrid fund holds at most 60% of either, so it meets neither test. Gains on units held more than 24 months are taxed at 12.5% without indexation; gains on units held 24 months or less are added to income and taxed at the slab rate.
What this page shows
The page lists every live fund in the category, ordered by 5-year return, highest first. Each return is for the plan the fund's page leads with, the Direct plan (the plan with no distributor commission) where there is one, run to the latest NAV. The 3-year and 5-year figures are compounded yearly. Funds younger than five years follow, sorted by name, with a dash in the 5-year column. Size is the average money the fund managed over its latest quarter, and cost is its yearly expense ratio.