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Top 3 Best Balanced Funds by Nippon/Reliance Mutual Fund 2025

Updated on February 24, 2025 , 5408 views

Balanced Fund are a combination of both debt and Equity Funds. These funds provide benefits of both funds, i.e., long-term wealth creation by equity and regular returns by Investing in Debt fund. Generally, these funds are a good option for the investors who are looking for ways to diversify their investments within a short to medium time period with less risk to moderate risk.

Nippon India Mutual Fund (Formerly known as Reliance Mutual Fund), being one of the leading AMCs in India, investors often look at the top performing schemes of this fund house. Thus, we have shortlisted top 3 best balanced funds by Nippon/Reliance MF. Important parameters like AUM, NAV, past performances, have been undertaken to shortlist these funds. Investors can invest in these balanced funds and earn optimal returns.

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Important Information

From October 2019, Reliance Mutual Fund has been renamed as Nippon India Mutual Fund. Nippon Life has acquired majority (75%) stakes in Reliance Nippon Asset Management (RNAM). The company will continue to run its operations without any change in structure and management.

Why Invest in Nippon/Reliance Mutual Funds?

Innovative: The AMC consistently delivers new and innovative schemes to its investors.
Great Customer Care: The company takes great care of its investors. It has a very stable and high-functioning customer support team in place to help the investors.
Seasoned Experience: Reliance has been in the Market for over two decades. It has an experience and expertise in fund management and financial services.
Strong Network: The distribution network of Nippon India Mutual Fund is very strong. It has a presence in over 150 cities in India.

Best Nippon/Reliance Balanced Mutual Funds

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2023 (%)
Nippon India Arbitrage Fund Growth	₹25.953 ↑ 0.01	₹14,701	1.6	3.3	7.1	6.3	5.4	7.5
Nippon India Equity Hybrid Fund Growth	₹94.4249 ↓ -0.03	₹3,712	-7.1	-7.8	4.5	13.9	12.4	16.1
Nippon India Hybrid Bond Fund Growth	₹55.1036 ↓ -0.02	₹829	0.7	2.1	7	7.6	6.1	7.8
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 25 Feb 25

1. Nippon India Arbitrage Fund

(Erstwhile Reliance Arbitrage Advantage Fund)

The investment objective of the scheme is to generate income by taking advantage of the arbitrage opportunities that potentially exists between cash and derivative market and within the derivative segment along with investments in debt securities & money market instruments.

Nippon India Arbitrage Fund is a Hybrid - Arbitrage fund was launched on 14 Oct 10. It is a fund with Moderately Low risk and has given a CAGR/Annualized return of 6.9% since its launch. Ranked 3 in Arbitrage category. Return for 2024 was 7.5% , 2023 was 7% and 2022 was 4.2% .

Below is the key information for Nippon India Arbitrage Fund

Nippon India Arbitrage Fund Growth
Launch Date	14 Oct 10
NAV (25 Feb 25)	₹25.953 ↑ 0.01 (0.05 %)
Net Assets (Cr)	₹14,701 on 31 Jan 25
Category	Hybrid - Arbitrage
AMC	Nippon Life Asset Management Ltd.
Rating	☆☆☆☆
Risk	Moderately Low
Expense Ratio	1.07
Sharpe Ratio	1.1
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	100
Exit Load	0-1 Months (0.25%),1 Months and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
31 Jan 20	₹10,000
31 Jan 21	₹10,385
31 Jan 22	₹10,813
31 Jan 23	₹11,261
31 Jan 24	₹12,108
31 Jan 25	₹12,984

Nippon India Arbitrage Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹349,120.
Net Profit of ₹49,120 Invest Now

Returns for Nippon India Arbitrage Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Feb 25

Duration	Returns
1 Month	0.5%
3 Month	1.6%
6 Month	3.3%
1 Year	7.1%
3 Year	6.3%
5 Year	5.4%
10 Year
15 Year
Since launch	6.9%

Historical performance (Yearly) on absolute basis

Year	Returns
2023	7.5%
2022	7%
2021	4.2%
2020	3.8%
2019	4.3%
2018	6.2%
2017	6.8%
2016	5.5%
2015	6.6%
2014	8.1%

Fund Manager information for Nippon India Arbitrage Fund

Name	Since	Tenure
Siddharth Deb	14 Sep 24	0.38 Yr.
Vikash Agarwal	14 Sep 24	0.38 Yr.
Rohit Shah	8 Apr 24	0.82 Yr.

Data below for Nippon India Arbitrage Fund as on 31 Jan 25

Asset Allocation

Asset Class	Value
Cash	95.82%
Debt	4.58%
Other	0.04%

Equity Sector Allocation

Sector	Value
Financial Services	22.01%
Energy	10.32%
Industrials	9.79%
Basic Materials	7.02%
Consumer Cyclical	5.06%
Health Care	4.12%
Technology	3.45%
Communication Services	2.96%
Consumer Defensive	2.09%
Utility	1.97%
Real Estate	0.4%

Debt Sector Allocation

Sector	Value
Cash Equivalent	87.1%
Corporate	10.63%
Government	2.67%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Nippon India Money Market Dir Gr Investment Fund \| -	11%	₹1,669 Cr	4,132,789
Future on Reliance Industries Ltd Derivatives \| -	7%	-₹1,048 Cr	8,564,500 ↑ 2,069,500
Reliance Industries Ltd (Energy) Equity, Since 31 Dec 17 \| RELIANCE	7%	₹1,041 Cr	8,564,500 ↑ 2,069,500
Nippon India Low Duration Dir Gr Investment Fund \| -	4%	₹534 Cr	1,403,663
Future on IndusInd Bank Ltd Derivatives \| -	3%	-₹427 Cr	4,422,500 ↑ 218,500
IndusInd Bank Ltd (Financial Services) Equity, Since 31 Mar 19 \| INDUSINDBK	3%	₹425 Cr	4,422,500 ↑ 218,500
HDFC Bank Ltd. Debentures \| -	3%	₹394 Cr	8,000 ↑ 8,000
Future on Hindustan Aeronautics Ltd Ordinary Shares Derivatives \| -	3%	-₹384 Cr	913,500 ↑ 53,850
Hindustan Aeronautics Ltd Ordinary Shares (Industrials) Equity, Since 30 Jun 23 \| HAL	3%	₹382 Cr	913,500 ↑ 53,850
Infosys Limited_30/01/2025 Derivatives \| -	3%	-₹373 Cr	1,976,400 ↑ 1,976,400

2. Nippon India Equity Hybrid Fund

(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.

Nippon India Equity Hybrid Fund is a Hybrid - Hybrid Equity fund was launched on 8 Jun 05. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 12.1% since its launch. Ranked 8 in Hybrid Equity category. Return for 2024 was 16.1% , 2023 was 24.1% and 2022 was 6.6% .

Below is the key information for Nippon India Equity Hybrid Fund

Nippon India Equity Hybrid Fund Growth
Launch Date	8 Jun 05
NAV (25 Feb 25)	₹94.4249 ↓ -0.03 (-0.04 %)
Net Assets (Cr)	₹3,712 on 31 Jan 25
Category	Hybrid - Hybrid Equity
AMC	Nippon Life Asset Management Ltd.
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	2.02
Sharpe Ratio	0.38
Information Ratio	0.86
Alpha Ratio	0.08
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
31 Jan 20	₹10,000
31 Jan 21	₹9,505
31 Jan 22	₹12,263
31 Jan 23	₹12,800
31 Jan 24	₹16,322
31 Jan 25	₹18,004

Nippon India Equity Hybrid 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 Nippon India 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 25 Feb 25

Duration	Returns
1 Month	-2.5%
3 Month	-7.1%
6 Month	-7.8%
1 Year	4.5%
3 Year	13.9%
5 Year	12.4%
10 Year
15 Year
Since launch	12.1%

Historical performance (Yearly) on absolute basis

Year	Returns
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%
2014	8.7%

Fund Manager information for Nippon India Equity Hybrid Fund

Name	Since	Tenure
Meenakshi Dawar	10 Sep 21	3.39 Yr.
Kinjal Desai	25 May 18	6.69 Yr.
Sushil Budhia	1 Feb 20	5 Yr.
Akshay Sharma	1 Dec 22	2.17 Yr.

Data below for Nippon India Equity Hybrid Fund as on 31 Jan 25

Asset Allocation

Asset Class	Value
Cash	2.95%
Equity	76.02%
Debt	21.03%

Equity Sector Allocation

Sector	Value
Financial Services	23.56%
Consumer Cyclical	8.94%
Industrials	8.91%
Technology	8.64%
Health Care	6.34%
Consumer Defensive	4.48%
Utility	3.63%
Energy	3.48%
Communication Services	3.19%
Basic Materials	2.63%
Real Estate	2.23%

Debt Sector Allocation

Sector	Value
Corporate	13.67%
Government	6.37%
Cash Equivalent	2.95%
Securitized	0.99%

Credit Quality

Rating	Value
A	2.83%
AA	45.93%
AAA	51.25%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 31 Jul 10 \| HDFCBANK	5%	₹210 Cr	1,182,356
ICICI Bank Ltd (Financial Services) Equity, Since 30 Apr 12 \| ICICIBANK	5%	₹201 Cr	1,570,000
Infosys Ltd (Technology) Equity, Since 28 Feb 11 \| INFY	4%	₹137 Cr	730,000
Larsen & Toubro Ltd (Industrials) Equity, Since 28 Feb 13 \| LT	3%	₹128 Cr	354,838
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Dec 19 \| BHARTIARTL	3%	₹106 Cr	665,000
Axis Bank Ltd (Financial Services) Equity, Since 30 Sep 18 \| 532215	3%	₹99 Cr	933,200
Reliance Industries Ltd (Energy) Equity, Since 31 Jul 14 \| RELIANCE	3%	₹98 Cr	806,000
NTPC Ltd (Utilities) Equity, Since 31 Aug 20 \| 532555	2%	₹93 Cr	2,800,620
State Bank of India (Financial Services) Equity, Since 31 Jul 16 \| SBIN	2%	₹80 Cr	1,010,000
7.23% Govt Stock 2039 Sovereign Bonds \| -	2%	₹77 Cr	7,500,000 ↑ 2,500,000

3. Nippon India Hybrid Bond Fund

(Erstwhile Reliance Monthly Income Plan)

The primary investment objective of the Scheme is to generate regular income in order to make regular dividend payments to unit holders and the secondary objective is growth of capital.

Nippon India Hybrid Bond Fund is a Hybrid - Hybrid Debt fund was launched on 29 Dec 03. It is a fund with Moderate risk and has given a CAGR/Annualized return of 8.4% since its launch. Ranked 30 in Hybrid Debt category. Return for 2024 was 7.8% , 2023 was 10.2% and 2022 was 4.8% .

Below is the key information for Nippon India Hybrid Bond Fund

Nippon India Hybrid Bond Fund Growth
Launch Date	29 Dec 03
NAV (25 Feb 25)	₹55.1036 ↓ -0.02 (-0.04 %)
Net Assets (Cr)	₹829 on 31 Jan 25
Category	Hybrid - Hybrid Debt
AMC	Nippon Life Asset Management Ltd.
Rating	☆☆☆
Risk	Moderate
Expense Ratio	1.82
Sharpe Ratio	0.53
Information Ratio	-0.13
Alpha Ratio	-0.34
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 Jan 20	₹10,000
31 Jan 21	₹9,542
31 Jan 22	₹10,531
31 Jan 23	₹10,993
31 Jan 24	₹12,160
31 Jan 25	₹13,113

Nippon India Hybrid Bond Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹357,992.
Net Profit of ₹57,992 Invest Now

Returns for Nippon India Hybrid Bond Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Feb 25

Duration	Returns
1 Month	0.3%
3 Month	0.7%
6 Month	2.1%
1 Year	7%
3 Year	7.6%
5 Year	6.1%
10 Year
15 Year
Since launch	8.4%

Historical performance (Yearly) on absolute basis

Year	Returns
2023	7.8%
2022	10.2%
2021	4.8%
2020	10.1%
2019	-8.5%
2018	2.8%
2017	4%
2016	9.3%
2015	9.2%
2014	6.2%

Fund Manager information for Nippon India Hybrid Bond Fund

Name	Since	Tenure
Dhrumil Shah	10 Sep 21	3.39 Yr.
Kinjal Desai	29 Dec 03	21.11 Yr.
Sushil Budhia	1 Feb 20	5 Yr.
Akshay Sharma	1 Dec 22	2.17 Yr.

Data below for Nippon India Hybrid Bond Fund as on 31 Jan 25

Asset Allocation

Asset Class	Value
Cash	13.75%
Equity	14.64%
Debt	71.34%
Other	0.27%

Equity Sector Allocation

Sector	Value
Financial Services	4.07%
Industrials	1.75%
Technology	1.72%
Consumer Cyclical	1.29%
Energy	1.27%
Real Estate	1.17%
Consumer Defensive	0.97%
Basic Materials	0.86%
Health Care	0.64%
Communication Services	0.52%
Utility	0.38%

Debt Sector Allocation

Sector	Value
Corporate	57.85%
Cash Equivalent	13.75%
Government	12.75%
Securitized	0.74%

Credit Quality

Rating	Value
A	14.19%
AA	60.02%
AAA	25.79%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
National Bank For Agriculture And Rural Development Debentures \| -	6%	₹50 Cr	5,000
Century Textiles And Industries Limited Debentures \| -	4%	₹35 Cr	3,500
7.1% Govt Stock 2029 Sovereign Bonds \| -	4%	₹30 Cr	3,000,000
Piramal Capital & Housing Finance Limited Debentures \| -	4%	₹30 Cr	400,000
Bamboo Hotel & Global Centre (Delhi) Pvt Ltd. 10.81% Debentures \| -	3%	₹27 Cr	2,700 ↑ 2,700
Delhi International Airport Limited Debentures \| -	3%	₹26 Cr	2,600
Truhome Finance Ltd. 9.25% Debentures \| -	3%	₹25 Cr	2,500
Prestige Projects Private Limited 11.75% Debentures \| -	3%	₹25 Cr	2,500
Indostar Capital Finance Limited Debentures \| -	3%	₹25 Cr	2,500
Summit Digitel Infrastructure Limited Debentures \| -	3%	₹25 Cr	250

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Disclaimer:
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.