Balanced funds combine equities and fixed income, aiming for growth and stability. They are ideal for conservative investors.
In 2025, strong bond rallies, moderate equity recoveries, lower interest rates, and effective diversification supported returns. Top performers were Nabo Africa Balanced Fund (38.40% average, 32.64% net), Old Mutual Balanced Fund (30.80% average, 26.18% net), and Enwealth Balanced Fund (27.10% average, 23.04% net).
| Fund Manager | Name of Fund | Average Return % p.a | Net return -tax % |
| Nabo Capital Limited | Nabo Africa balanced fund | 38.40 | 32.64 |
| Old Mutual Investment Group | Old mutual balanced fund | 30.80 | 26.18 |
| Enwealth Financial services | Enwealth balanced fund | 27.10 | 23.04 |
| ABSA Bank | Absa Balanced fund | 23.10 | 19.64 |
| Sanlam Investments East Africa Limited | Sanlam allianz balanced fund | 20.71 | 17.60 |
| Zimele Asset Management | Zimele balanced fund | 19.09 | 16.23 |
| CIC Asset Managers Limited | CIC Balanced fund | 16.20 | 13.77 |
| Annual Average Return 2025 | 25.06 | 21.30 |
Not sure whether a balanced fund fits your goals? We offer personalized, independent and unbiased investment guidance to help you build a portfolio aligned to your risk appetite and timelines.
