Best Hybrid / Balanced Funds in India (2026)

Hybrid funds mix equity and debt for a smoother ride. Good for conservative investors or anyone wanting growth with less volatility.

Our top pick for this is ICICI Pru Equity & Debt — An aggressive hybrid fund mixing equity and debt for a smoother ride than pure equity — a solid choice for conservative investors or shorter horizons.

Market-risk warning: mutual funds are subject to market risk; past performance does not guarantee future returns. Information only, not investment advice.
#NameScoreCategory5Y Return (CAGR)*Expense Ratio*Risk
10ICICI Pru Equity & Debt7.8/10Hybrid~18%~1.0%Moderate
10

ICICI Pru Equity & Debt

An aggressive hybrid fund mixing equity and debt for a smoother ride than pure equity — a solid choice for conservative investors or shorter horizons.

7.8
/ 10
Category
Hybrid
5Y Return (CAGR)*
~18%
Expense Ratio*
~1.0%
Risk
Moderate
  • Lower volatility than pure equity
  • Equity + debt diversification
  • Consistent track record
  • Caps equity upside
  • Higher expense ratio
  • Still has market risk
View fund Official site

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Returns and expense ratios indicative as of June 2026 and change daily. Mutual funds are subject to market risk; past performance is not a guarantee. Information only, not investment advice. Consult a SEBI-registered adviser.