Aggressive hybrid mutual funds invest majorly in stocks with some allocation towards debt securities to provide investors cushion from potential downsides if markets fall sharply. This category of funds invest 65-80% of the total assets in equity and equity-related instruments and 20-35% in debt.
Best aggressive, hybrid MFs are top-rated mutual fund schemes that have consistently given superior returns in the defined category. They are less risky than pure hybrid funds.
Here’s a list of 5 such funds, which have given inflation-beating returns over the past 5 years:
Quant Absolute Fund Direct-Growth Fund
The current net asset value (NAV) of the Quant Absolute Fund – Direct Plan as of May 31, is Rs 317.66 for growth option. Its trailing returns over different time periods have been: 7.34% (1yr), 38.17% (3yr), 19.11% (5yr) and 16.53% (since launch). Whereas, category returns for the same time duration are: 0.98% (1yr), 20.13% (3yr) and 9.16% (5yr). The assets under management (AUM) is worth Rs 1,013.42 crore as of February 28. The expense ratio of the fund is 0.56% as of February 28. The minimum investment required is Rs 5,000 and minimum additional investment is Rs 1,000. Minimum SIP investment is Rs 1,000.
JM Equity Hybrid Fund Direct-Growth Fund
The current NAV of the JM Equity Hybrid Fund – Direct Plan as of May 31 is Rs 83.54 for the growth option. Its trailing returns over different time periods have been: 8.83% (1yr), 29.45% (3yr), 11.13% (5yr) and 11.73% (since launch). Whereas, category returns for the same time duration are: 0.98% (1yr), 20.13% (3yr) and 9.16% (5yr). The AUM is worth Rs 11.57 crore as of February 28. The expense ratio of the fund is 1.37% as of February 28. The minimum investment required is Rs 5,000 and minimum additional investment is Rs 1,000. Minimum SIP investment is Rs 500.
3) ICICI Prudential Equity & Debt Fund Direct-Growth Fund
The current NAV of the ICICI Prudential Equity & Debt Fund – Direct Plan as of May 31 is Rs 275.71 for growth option. Its trailing returns over different time periods have been: 6.83% (1yr), 30.59% (3yr), 14.33% (5yr) and 16.07% (since launch). Whereas, category returns for the same time duration are: 0.98% (1yr), 20.13% (3yr) and 9.16% (5yr). The AUM is worth Rs 21,232.91 crore as of February 28. The expense ratio of the fund is 1.2% as of February 28. Minimum investment required is Rs 5,000 and minimum additional investment is Rs 1,000. Minimum SIP investment is Rs 100.
4) Kotak Equity Hybrid Fund Direct-Growth Fund
The current NAV of the Kotak Equity Hybrid Fund – Direct Plan as of May 31 is Rs 49.22 for the growth option. Its trailing returns over different time periods have been: 5.01% (1yr), 26.87% (3yr), 12.78% (5yr) and 12.93% (since launch). Whereas, category returns for the same time duration are: 0.98% (1yr), 20.13% (3yr) and 9.16% (5yr). The AUM is worth Rs 3,269.24 crore as of February 28. The expense ratio of the fund is 0.58% as of February 28. Minimum investment required is Rs 5000 and minimum additional investment is Rs 1,000. Minimum SIP investment is Rs 1,000.
HDFC Retirement Savings Fund – Hybrid Equity Plan Direct-Growth Fund
The current NAV of the HDFC Retirement Savings Fund – Hybrid Equity Plan – Direct Plan as of May 31 is Rs 31.13 for the growth option. Its trailing returns over different time periods are: 8.03% (1yr), 24.5% (3yr), 12.25% (5yr) and 16.1% (since launch). Whereas, category returns for the same time duration are: 0.98% (1yr), 20.13% (3yr) and 9.16% (5yr). The AUM is worth Rs 932.37 crore as of February 28. The expense ratio of the fund is 1.03% for direct plan as of February 28. Minimum investment required is Rs 100 and minimum additional investment is Rs 100. Minimum SIP investment is Rs 100.
Inputs from Mutual Fund Screen
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)