HybridBalanced Hybrid FundRegularIDCWModerately High

SBI Balanced Hybrid Fund

Q: What is the NAV of SBI Balanced Hybrid Fund?

As of 01 Oct 2026, the NAV of SBI Balanced Hybrid Fund is ₹9.90 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has SBI Balanced Hybrid Fund delivered?

SBI Balanced Hybrid Fund has returned -1.07% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of SBI Balanced Hybrid Fund?

SBI Balanced Hybrid Fund charges an expense ratio of 4.70% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of SBI Balanced Hybrid Fund?

SBI Balanced Hybrid Fund's largest holdings are Adani Enterprises Ltd. (0.9%), Concord Biotech Ltd. (0.9%), Balkrishna Industries Ltd. (0.8%), Bosch Ltd. (0.6%) and Sun Pharmaceutical Industries Ltd. (0.5%). Holdings are disclosed monthly and change over time.

Q: How risky is SBI Balanced Hybrid Fund?

SBI Balanced Hybrid Fund is rated moderately high on SEBI's risk-o-meter and its worst peak-to-trough fall in our sample was -1.3%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: Who manages SBI Balanced Hybrid Fund?

SBI Balanced Hybrid Fund is managed by Tanmaya Desai at SBI.

Q: How is SBI Balanced Hybrid Fund taxed?

SBI Balanced Hybrid Fund is a non-equity fund (a fund-of-funds, gold, international or balanced-hybrid scheme). Since FY 2025-26 it's no longer taxed like a pure-debt fund: gains on units held more than 2 years are long-term, taxed at 12.5% (no indexation, no ₹1.25 lakh exemption); units held 2 years or less are taxed at your income-tax slab rate.

SBI Mutual Fund

NAV

₹9.90

-0.45% 1D

as of 01 Oct 2026

This is the Regular plan of SBI Balanced Hybrid Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is distributed, which is why this NAV sits below the growth plan of the same fund.

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Performance

-1.07%absolute

52-week rangePrev NAV ₹9.95

Latest ₹9.90

Low ₹9.900th percentile of its 52-week rangeHigh ₹10.04

Key Metrics

Annual fee charged by the fund, already deducted from NAV

4.70%

Category —

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

—

Category —

Excess return per unit of total volatility (rf = 6.5%)

—

Category —

Scheme Info

Definitions

Plan

Regular · IDCW

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

NIL - If units purchased or switched in from another scheme of the Fund are redeemed or switched out upto 10% of the units (the limit) purchased or switched on or before 1 year from the date of allotment. • 1% of the applicable NAV - If units purchased or switched in from another scheme of the Fund are redeemed or switched out in excess of the limit on or before 1 year from the date of allotment •

None

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

—

Smallest recurring SIP instalment the scheme accepts

—

Smallest one-time (lumpsum) investment the scheme accepts

₹5,000

Benchmark

—

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

04 Sep 2026

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-1.07%

Absolute return over the last 3 months (not annualized)

—

Absolute return over the last 6 months (not annualized)

—

Absolute return since 1 Jan of this year (not annualized)

-1.07%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

—

3-year annualized return (CAGR)

—

5-year annualized return (CAGR)

—

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

-1.07%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

—

Excess return per unit of total volatility (rf = 6.5%)

—

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

—

Largest peak-to-trough decline over full history

-1.34%

Benchmark ratios (vs Nifty 50 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty 50 TRI

—

Sensitivity to Nifty 50 TRI moves; 1 = moves with the index

—

How much of the fund's movement Nifty 50 TRI explains

—

Excess return per unit of beta (market risk)

—

Active return over the benchmark per unit of tracking error

—

Annualized std dev of fund-minus-benchmark returns

—

Fund's share of benchmark gains in up months (100 = matches index)

—

Fund's share of benchmark losses in down months (lower is better)

—

Computed vs the Nifty 50 TRI over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (Balanced Hybrid Fund)

Period	Fund	Category avg.	Diff
1M abs	-1.07%	—	—
3M abs	—	—	—
6M abs	—	—	—
1Y CAGR	—	—	—
3Y CAGR	—	—	—
5Y CAGR	—	—	—

Category average across peers in Balanced Hybrid Fund, same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹10.00K

Current value

₹10.00K

Absolute

0.00%

XIRR

+450.01%

Value vs. invested

ValueInvested

Pick a longer period to plot the path.

1 monthly installments of ₹10,000 into SBI Balanced Hybrid Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

History points

Expense ratio

4.70%

Portfolio turnover

Exit load

Portfolio, AUM & scheme details shown from another plan of this scheme (same underlying portfolio).

Taxation

Taxed as non-equity

This is a non-equity fund — a fund-of-funds, gold/silver, international or balanced-hybrid scheme. It isn't equity-oriented, but since FY 2025-26 it's no longer taxed like a pure-debt fund either: gains held over 2 years get the 12.5% long-term rate; shorter holdings are taxed at your income-tax slab rate.

Short-term

30%

Held under 2 years

Added to your income at your slab rate

Long-term (LTCG)

12.5%

Held 2 years or more

No indexation, no ₹1.25 L exemption

Your income-tax slab

Sets the short-term (slab-rate) figure above.

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Balanced Hybrid Fund

Compare all


SBI Balanced Hybrid FundThis fund SBI · Regular · IDCW	—	—	—	—	—	4.70%	—
360 ONE Balanced Hybrid Fund 360 One · Regular · IDCW	—	+2.16%	+8.80%	—	—	2.19%	₹734.54Cr
ICICI Prudential Balanced Hybrid Fund ICICI Prudential · Regular · IDCW	—	—	—	—	—	2.33%	—
360 ONE Balanced Hybrid Fund 360 One · Direct · Growth	★★★★☆ CAT	+3.73%	+10.45%	—	25.16	0.62%	₹734.54Cr
360 ONE Balanced Hybrid Fund 360 One · Direct · IDCW	—	+3.73%	+10.45%	—	—	0.62%	₹734.54Cr
360 ONE Balanced Hybrid Fund 360 One · Regular · Growth	★★★★☆ CAT	+2.16%	+8.80%	—	—	2.19%	₹734.54Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 100% of the equity sleeve priced.

Large cap56.7%
Mid cap24.7%
Small cap18.5%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Cash & Equivalents95.03%
Equity4.97%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
LIC MF Healthcare Fund LIC · Sectoral/ Thematic	25.4%	★★★★★	1.38%	+20.83%
PGIM India Healthcare Fund PGIM India · Sectoral/ Thematic	24.5%	★★★★★	1.00%	—
SBI Healthcare Opportunities Fund SBI · Sectoral/ Thematic	21.8%	★★★★★	1.01%	+22.78%
SBI MNC Fund SBI · Sectoral/ Thematic	21.4%	★★☆☆☆	1.39%	+6.60%
Nippon India Nifty Pharma ETF Nippon India · Other ETFs	21.3%	—	0.23%	+19.93%
ICICI Prudential Nifty Pharma Index Fund ICICI Prudential · Index Funds	21.3%	★★★★★	0.51%	+19.50%
DSP Nifty Healthcare Index Fund DSP · Index Funds	21.2%	★★★★★	0.40%	—
Mirae Asset Healthcare Fund Mirae Asset · Sectoral/ Thematic	20.8%	★★★★★	0.62%	+21.71%

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

AMC Profile

SBI Mutual Fund is a joint venture between the State Bank of India and Amundi of France, and was set up in 1987 as the first fund house in India outside UTI. It is the largest by assets, helped by managing a share of the EPFO's ETF investments.

Launched

28 Jun 1987

Total AUM

₹12,57,352Cr+0.7% QoQ

Avg AUM · April - June 2026

Website

sbimf.com

Fund Managers

TDTanmaya DesaiManaging since 09 Jun 2008

Role

Fund Manager

Education

Qualificatio B.E (Electronics), MBA (Finance), C.F.A(USA) Level III candidate

Experience

Mr. Desai has close to 15years of work experience with over 6 years of experience in Indian capital markets. Past experiences: • From May 2008 till date - as Research Analyst - Investments with SBI Funds Management Limited. • From August 2004 to June 2006 - as Lecturer, Electronics Department with D J Sanghvi College of Engineering, Mumbai. • From Sept 2003 – April 2004 – as Software Engineer with Patni Computer Systems Ltd, Mumbai. He is currently managing SBI Healthcare Opportunities Fund

Funds managed (3)

All schemes Tanmaya Desai runs →

Fund manager, benchmark and dealing terms from this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Explore from here

Fund managers

Tanmaya Desai

Top holdings

Adani Enterprises Ltd.Concord Biotech Ltd.Balkrishna Industries Ltd.Bosch Ltd.Sun Pharmaceutical Industries Ltd.Divi's Laboratories Ltd.Navin Fluorine International Ltd.Hyundai Motor India Ltd.

SBI in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Hybrid funds

Hybrid funds mix equity and debt in one portfolio. The bond portion cushions falls, offering a middle path between the growth of equity and the stability of debt.

Frequently asked questions

What is the NAV of SBI Balanced Hybrid Fund?

As of 01 Oct 2026, the NAV of SBI Balanced Hybrid Fund is ₹9.90 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has SBI Balanced Hybrid Fund delivered?

SBI Balanced Hybrid Fund has returned -1.07% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of SBI Balanced Hybrid Fund?

SBI Balanced Hybrid Fund charges an expense ratio of 4.70% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of SBI Balanced Hybrid Fund?

SBI Balanced Hybrid Fund's largest holdings are Adani Enterprises Ltd. (0.9%), Concord Biotech Ltd. (0.9%), Balkrishna Industries Ltd. (0.8%), Bosch Ltd. (0.6%) and Sun Pharmaceutical Industries Ltd. (0.5%). Holdings are disclosed monthly and change over time.

How risky is SBI Balanced Hybrid Fund?

SBI Balanced Hybrid Fund is rated moderately high on SEBI's risk-o-meter and its worst peak-to-trough fall in our sample was -1.3%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Who manages SBI Balanced Hybrid Fund?

SBI Balanced Hybrid Fund is managed by Tanmaya Desai at SBI.

How is SBI Balanced Hybrid Fund taxed?

SBI Balanced Hybrid Fund is a non-equity fund (a fund-of-funds, gold, international or balanced-hybrid scheme). Since FY 2025-26 it's no longer taxed like a pure-debt fund: gains on units held more than 2 years are long-term, taxed at 12.5% (no indexation, no ₹1.25 lakh exemption); units held 2 years or less are taxed at your income-tax slab rate.