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Fincash » HDFC Hybrid Equity Fund Vs Tata Hybrid Equity Fund

HDFC Hybrid Equity Fund Vs Tata Hybrid Equity Fund

Updated on May 17, 2024 , 2783 views

HDFC Hybrid Equity Fund and Tata Hybrid Equity Fund both the schemes belong to Balanced Fund equity category. These schemes invest their corpus in both equity as well as fixed Income instruments. Balanced Funds are suitable for individuals seeking regular income along with Capital appreciation. In Balanced funds, the investment proportion with respect to equity and debt instruments is pre-determined and may change over time. Balanced Funds are a good investment option for medium and long-term investments. Balanced Funds have generated good returns in many instances. Though HDFC Hybrid Equity Fund and Tata Hybrid Equity Fund both belong to the same category, there are differences between both the schemes based on both the parameters. So, let understand the differences between both the schemes.

HDFC Balanced Fund (Erstwhile HDFC Hybrid Equity Fund)

HDFC Hybrid Equity Fund is a part of HDFC Mutual Fund. it is an open-ended balanced fund scheme that was incepted on September 11, 2000. The objective of this scheme is to attain capital appreciation in the long-run combined with regular income. This capital appreciation and income generation is achieved by Investing the scheme’s corpus in a Portfolio comprising of equity and Fixed Income instruments. As on March 31, 2018, some of the top constituents of HDFC Hybrid Equity Fund’s portfolio consisted of HDFC Bank Limited, Infosys Limited, ICICI Bank Limited, and Voltas Limited. HDFC Hybrid Equity Fund is jointly managed by Mr. Chirag Setalvad and Mr. Rakesh Vyas. In a normal situation, the scheme would invest around 60% of its corpus in equity instruments while the remaining amount would be invested in fixed income instruments.

Tata Hybrid Equity Fund (Erstwhile Tata Balanced Fund)

Tata Hybrid Equity Fund (earlier known as Tata Balanced Fund) is managed and offered by Tata Mutual Fund. This open-ended hybrid-equity Mutual Fund was launched in the year 1995. The objective of this scheme is to cater individuals with income distribution over a time horizon of medium to long-term. However, at each time, its emphasis is on capital appreciation. The Fund managers managing the Tata Hybrid Equity Fund are Mr. Pradeep Gokhale and Mr. Murthy Nagarajan. Tata Hybrid Equity Fund tries to enhance the returns of the portfolio along with managing the Volatility of the scheme. The scheme uses CRISIL Hybrid 35+65 Index as its benchmark to construct its portfolio. As on March 31, 2018, some of the top 10 equity holdings of Tata Hybrid Equity Fund included HDFC Bank Limited, Reliance Industries Limited, Yes Bank Limited, and Zee Entertainment Enterprises Limited.

HDFC Hybrid Equity Fund Vs Tata Hybrid Equity Fund

HDFC Hybrid Equity Fund and Tata Hybrid Equity Fund both the schemes belong to balanced category, however, there are differences between both the schemes have different attributes. So, let us understand the differences between HDFC Hybrid Equity Fund and Tata Hybrid Equity Fund based on various parameters such as Fincash Ratings, Current NAV, AUM, and many more. These parameters are divided into four sections, namely, Basics Section, Performance Section, Yearly Performance Section, and Other Details Section.

Basics Section

The parameters that form part of basics section include Current NAV, Fincash Ratings, and Scheme Category. To begin with the scheme category, it can be said that both the schemes belong to the same category, that is, Hybrid Balanced – Equity. The comparison of Fincash Ratings states that, HDFC Hybrid Equity Fund is rated as 5-Star while Tata Hybrid Equity Fund is rated as 3-Star. With respect to the Current NAV, it can be said that there are differences between both the schemes. As on April 13, 2016, the NAV of HDFC Hybrid Equity Fund was approximately INR 149 while of Tata Hybrid Equity Fund was approximately INR 206. The summary of the basics section is as shown in the given below.

Parameters
BasicsNAV
Net Assets (Cr)
Launch Date
Rating
Category
Sub Cat.
Category Rank
Risk
Expense Ratio
Sharpe Ratio
Information Ratio
Alpha Ratio
Benchmark
Exit Load
HDFC Hybrid Equity Fund
Growth
Fund Details
₹106.782 ↑ 0.34   (0.32 %)
₹23,113 on 30 Apr 24
6 Apr 05
Hybrid
Hybrid Equity
57
Moderately High
1.76
1.8
0
0
Not Available
0-1 Years (1%),1 Years and above(NIL)
Tata Hybrid Equity Fund
Growth
Fund Details
₹402.793 ↑ 1.05   (0.26 %)
₹3,749 on 30 Apr 24
8 Oct 95
Hybrid
Hybrid Equity
22
Moderately High
1.89
1.73
0.49
-4.21
Not Available
0-365 Days (1%),365 Days and above(NIL)

Performance Section

It is the second section in the comparison of both the schemes. In this section, the Compounded Annual Growth Rate or CAGR returns of both the schemes at different time intervals are compared. The various time intervals include 1 Month Return, 6 Month Return, 3 Year Return, 5 Year Return, and Return since Inception. The comparison of performance section shows that there is not much significant difference between the returns generated by both the schemes though, in almost all the instances, HDFC Hybrid Equity Fund leads the race. The summary comparison of the performance section is tabulated as follows.

Parameters
Performance1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Since launch
HDFC Hybrid Equity Fund
Growth
Fund Details
2.9%
3.5%
12.8%
20.6%
15.4%
15.2%
15.5%
Tata Hybrid Equity Fund
Growth
Fund Details
2.4%
3.8%
14.9%
23%
15.5%
13.9%
15%

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Yearly Performance Section

The yearly performance section compares the absolute returns between the schemes for a particular year. It is the third section in comparison of both the schemes. In case of yearly performance section too, the comparison shows that HDFC Hybrid Equity Fund leads the race. The table given below shows the summary comparison of yearly performance section.

Parameters
Yearly Performance2023
2022
2021
2020
2019
HDFC Hybrid Equity Fund
Growth
Fund Details
17.7%
8.9%
25.7%
13.4%
7.5%
Tata Hybrid Equity Fund
Growth
Fund Details
16.2%
7.9%
23.6%
10.9%
6.9%

Other Details Section

The other details section is the last section in comparison of both the schemes. The comparable elements that form part of the Other Details section include AUM, minimum SIP investment, and minimum lumpsum investment. With respect to the AUM of both the schemes, it can be said that there is a considerable difference between the AUMs of them. As on March 31, 2018, the AUM of HDFC Hybrid Equity Fund was approximately INR 20,191 crores while of Tata Hybrid Equity Fund was approximately INR 5,371 crores. The minimum SIP investment for both the schemes is same, that is, INR 500. Similarly, even the minimum lump sum investment for both the schemes is same, that is, INR 5,000. The summary of other details section is as shown below.

Parameters
Other DetailsMin SIP Investment
Min Investment
Fund Manager
HDFC Hybrid Equity Fund
Growth
Fund Details
₹300
₹5,000
Chirag Setalvad - 17.01 Yr.
Tata Hybrid Equity Fund
Growth
Fund Details
₹150
₹5,000
Murthy Nagarajan - 7 Yr.

Growth of 10k Investments over the years

Growth of 10,000 investment over the years.
HDFC Hybrid Equity Fund
Growth
Fund Details
DateValue
30 Apr 19₹10,000
30 Apr 20₹8,728
30 Apr 21₹12,552
30 Apr 22₹14,656
30 Apr 23₹16,249
30 Apr 24₹19,797
Growth of 10,000 investment over the years.
Tata Hybrid Equity Fund
Growth
Fund Details
DateValue
30 Apr 19₹10,000
30 Apr 20₹8,786
30 Apr 21₹12,046
30 Apr 22₹13,933
30 Apr 23₹15,225
30 Apr 24₹18,801

Detailed Assets & Holdings Comparison

Asset Allocation
HDFC Hybrid Equity Fund
Growth
Fund Details
Asset ClassValue
Cash1.95%
Equity69.75%
Debt28.31%
Equity Sector Allocation
SectorValue
Financial Services25.11%
Industrials11.75%
Consumer Defensive6.76%
Technology6.65%
Energy6.57%
Health Care3.59%
Communication Services3.4%
Consumer Cyclical2.88%
Utility1.5%
Real Estate0.73%
Basic Materials0.54%
Debt Sector Allocation
SectorValue
Government16.9%
Corporate11.41%
Cash Equivalent1.95%
Credit Quality
RatingValue
AA4.56%
AAA93.57%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 10 | ICICIBANK
7%₹1,596 Cr14,600,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Aug 13 | HDFCBANK
6%₹1,439 Cr9,940,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Nov 11 | LT
5%₹1,181 Cr3,137,093
Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 18 | RELIANCE
5%₹1,092 Cr3,675,000
State Bank of India (Financial Services)
Equity, Since 31 Oct 11 | SBIN
4%₹941 Cr12,508,071
ITC Ltd (Consumer Defensive)
Equity, Since 31 May 15 | ITC
4%₹857 Cr20,000,000
↓ -2,814,004
Infosys Ltd (Technology)
Equity, Since 31 Jan 03 | INFY
3%₹782 Cr5,223,368
Axis Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | 532215
3%₹759 Cr7,250,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 12 | BHARTIARTL
3%₹737 Cr6,000,000
National Bank For Agriculture And Rural Development
Debentures | -
3%₹573 Cr57,500
Asset Allocation
Tata Hybrid Equity Fund
Growth
Fund Details
Asset ClassValue
Cash3.84%
Equity75.61%
Debt20.55%
Equity Sector Allocation
SectorValue
Financial Services24.2%
Technology8.67%
Basic Materials7.97%
Consumer Defensive7.62%
Energy7.09%
Industrials6.69%
Communication Services5.55%
Consumer Cyclical5.11%
Health Care1.74%
Utility0.97%
Debt Sector Allocation
SectorValue
Government11.04%
Corporate9.52%
Cash Equivalent3.84%
Credit Quality
RatingValue
AA3.29%
AAA96.71%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 08 | HDFCBANK
8%₹281 Cr1,938,800
Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 16 | RELIANCE
7%₹262 Cr880,000
State Bank of India (Financial Services)
Equity, Since 29 Feb 16 | SBIN
6%₹232 Cr3,088,440
↓ -211,560
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 16 | ICICIBANK
5%₹167 Cr1,525,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 20 | BHARTIARTL
4%₹166 Cr1,350,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Nov 16 | LT
4%₹151 Cr401,808
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Aug 17 | TCS
4%₹147 Cr380,000
↓ -17,773
ITC Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC
3%₹111 Cr2,600,000
BASF India Ltd (Basic Materials)
Equity, Since 30 Jun 18 | 500042
3%₹103 Cr310,000
PI Industries Ltd (Basic Materials)
Equity, Since 31 Dec 23 | PIIND
3%₹98 Cr253,500

Thus, from the above parameters, it can be said that there exist numerous differences between HDFC Hybrid Equity Fund and Tata Hybrid Equity Fund based on various parameters. However, individuals should be careful while investing in any of the schemes. They should understand the parameters of the scheme completely and if required should seek opinion of a financial advisor. This will help them to achieve their goals on time and in a hassle-free manner.

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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