Hybrid Mutual Funds: Do you know about hybrid mutual funds? Hybrid mutual fund (MF) schemes—popularly known as just hybrid funds—are mutual funds that spread their assets across equity and debt asset classes to provide the investors with a more balanced risk reward than pure equity-related funds. In this article, let’s look at some of the top-performing hybrid mutual funds, as of December 24. Seven funds have delivered annualised returns to the tune of 21-29 per cent in the last 5 years, according to mutual fund industry body AMFI’s website, amfiindia.com. These funds are: Bank of India Mid & Small Cap Equity & Debt Fund, Quant Multi Asset Fund, JM Aggressive Hybrid Fund, Quant Absolute Fund, ICICI Prudential Equity & Debt Fund, Mahindra Manulife Aggressive Hybrid and ICICI Prudential Multi Asset Fund. Read on to learn about these MF schemes in detail.
Top Hybrid Mutual Funds | Take a look at the top-performing hybrid mutual funds as of December 24
| Scheme | Benchmark(s) | Category | Annualised 5-year Return (%)-Direct |
| Quant Multi Asset Fund | BSE 200 TRI(65.00), MCX I-COMDEX Composite Index(20.00), CRISIL Short-Term Bond Index(15.00) | Multi asset allocation | 29.3 |
| Bank of India Mid & Small Cap Equity & Debt Fund | NIFTY Mid Small Cap 400 TRI(70.00), CRISIL Short-Term Bond Index(30.00) | Aggressive hybrid | 28.2 |
| JM Aggressive Hybrid Fund | CRISIL Hybrid 35+65 Aggressive Index | Aggressive hybrid | 25.3 |
| Quant Absolute Fund | NIFTY 50 Hybrid Composite Debt 65:35 Index | Aggressive hybrid | 24.6 |
| ICICI Prudential Equity & Debt Fund | CRISIL Hybrid 35+65 Aggressive Index | Aggressive hybrid | 21.8 |
| ICICI Prudential Multi Asset Fund | NIFTY 200 TRI(65.00), NIFTY Composite Debt Index(25.00), Domestic Price of Gold(6.00), MCX I-COMDEX Composite Index(3.00), Domestic Prices of Silver(1.00) | Multi asset allocation | 21.2 |
| Mahindra Manulife Aggressive Hybrid Fund | CRISIL Hybrid 35+65 Aggressive Index | Aggressive hybrid | 21 |
Estimated Lump Sum Returns
The annualised returns of 21-29.3 per cent mean that a lump sum investment of Rs 50,000 in each fund has grown to approximately Rs 1.30-1.81 lakh in the 5-year period, calculations show.
Also, the top three schemes have built corpses of at least Rs 1.54 lakh, as per the calculations.
Estimated SIP Returns
A monthly SIP of Rs 2,000 in each fund has grown to Rs 2.13-2.73 lakh in these schemes in the 5-year period.
