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Fincash » L&T Hybrid Equity Fund Vs Tata Hybrid Equity Fund

L&T Hybrid Equity Fund Vs Tata Hybrid Equity Fund

Updated on December 2, 2021 , 379 views

L&T Hybrid Equity Fund and Tata Hybrid Equity Fund both the schemes are a part of Balanced Fund. Also known as hybrid funds, these schemes are equity-oriented balanced funds. These schemes invest their pooled corpus in a combination of equity and fixed Income instruments with more concentration on equity investments. A minimum of 65% or more of the pooled money is invested in equity instruments. Balanced Funds are a good investment option for individuals who are looking for Capital growth in the long-term along with regular income. Balanced funds in most instances have given good returns in the long-run. Though both L&T Hybrid Equity Fund and Tata Hybrid Equity Fund belong to the same category, yet; there are numerous differences between the schemes. So, let us understand the differences between L&T Hybrid Equity Fund Vs Tata Hybrid Equity Fund.

About L&T Hybrid Equity Fund (Erstwhile L&T India Prudence Fund)

L&T Hybrid Equity Fund (earlier known as L&T India Prudence Fund) is an open-ended hybrid fund of L&T Mutual Fund. It was incepted on February 07, 2011 and its objective is to earn long-term capital growth and regular income from a diversified portfolio of consisting of both equity and fixed income instruments. As per the scheme’s objective, it invests around 65-75% of its fund money in equity-related instruments and the remaining in fixed income instruments. It uses S&P BSE 200 TRI Index and CRISIL Short Term bond Fund Index as a benchmark to build its portfolio. As on March 31, 2018, some of the constituents of L&T Hybrid Equity Fund included HDFC Bank Limited, The Federal Bank Limited, Tata Consultancy Services Limited, and Engineers India Limited. L&T Hybrid Equity Fund is jointly managed by Mr. S. N. Lahiri, Mr. Sriram Ramanathan, and Mr. Karan Desai.

About Tata Hybrid Equity Fund (Erstwhile Tata Balanced Fund)

Tata Hybrid Equity Fund's (earlier known as Tata Balanced Fund) objective is to provide its investors regular income or Capital Gains along with always emphasizing on the importance of capital appreciation. The scheme was launched in the year 1995 and uses CRISIL Hybrid 35+65 – Aggressive Index as its benchmark to construct its portfolio. Tata Hybrid Equity Fund is jointly managed by Mr. Pradeep Gokhale and Mr. Murthy Nagarajan. Some of the top holdings of Tata Hybrid Equity Fund as on March 31, 2018, included Reliance Industries Limited, Kotak Mahindra Bank, Zee Entertainment Enterprises Limited, and Infosys Limited. This scheme is suitable for individuals seeking long-term capital gains by Investing a major portion in equity investments and remaining in fixed income investments.

L&T Hybrid Equity Fund Vs Tata Hybrid Equity Fund

Though both L&T Hybrid Equity Fund and Tata Hybrid Equity Fund belong to the same category, yet; they differ on account of numerous parameters such as NAV, Fincash Ratings, and much more. So, let’s understand the differences between L&T Hybrid Equity Fund Vs Tata Hybrid Equity Fund on the aforesaid parameters that are divided into four sections, namely, basics section, performance section, yearly performance section, and other details section.

Basics Section

Basics Section refers is the first section in comparison of both the schemes. The parameters forming part of basics section include Fincash Ratings, Current NAV, Scheme Category, and so on. The comparison of current NAV reveals that there is a significant difference between the NAV of both the schemes. As on April 18, 2018, the NAV of L&T’s scheme was approximately INR 26 while of Tata’s scheme was approximately INR 207. The comparison of Fincash Rating shows that L&T Hybrid Equity Fund is a 4-Star Rated Fund and Tata Hybrid Equity Fund is a 3-Star Rated Fund. With respect to the scheme’s category, it can be said that both the scheme belongs to the same category, that is, hybrid balanced – equity. The table given below shows the comparison of basics section.

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
L&T Hybrid Equity Fund
Growth
Fund Details
₹37.02 ↓ -0.18   (-0.48 %)
₹5,367 on 31 Oct 21
7 Feb 11
Hybrid
Hybrid Equity
5
Moderately High
1.86
3.09
-0.93
3.3
Not Available
0-1 Years (1%),1 Years and above(NIL)
Tata Hybrid Equity Fund
Growth
Fund Details
₹299.583 ↓ -1.87   (-0.62 %)
₹3,428 on 31 Oct 21
8 Oct 95
Hybrid
Hybrid Equity
22
Moderately High
1.89
2.82
0
0
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 and it compares the Compounded Annual Growth Rate or CAGR returns between them. These CAGR returns are compared at different time intervals such as 1 Month Return, 6 Month Return, 3 Year Return, and Return Since Inception. The comparison of CAGR returns shows that at many time instances the returns generated by L&T Hybrid Equity Fund is higher as compared to the returns generated by Tata Hybrid Equity Fund. The summary comparison of performance section is tabulated as follows.

Parameters
Performance1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Since launch
L&T Hybrid Equity Fund
Growth
Fund Details
-2%
0.2%
8.3%
24.9%
13.3%
12.2%
12.9%
Tata Hybrid Equity Fund
Growth
Fund Details
-3.1%
-0.8%
9.2%
28.8%
13.5%
11.1%
15.2%

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Yearly Performance Section

It is the third section in comparison and compares the Absolute Returns for a particular year between both the schemes. The comparison of yearly performance section also reveals that L&T Hybrid Equity Fund has performed better as compared to Tata Hybrid Equity Fund. The table given below gives a summary comparison of the yearly performance section.

Parameters
Yearly Performance2020
2019
2018
2017
2016
L&T Hybrid Equity Fund
Growth
Fund Details
13.6%
6.5%
-3.8%
27.8%
4.3%
Tata Hybrid Equity Fund
Growth
Fund Details
10.9%
6.9%
-2.5%
19.4%
4%

Other Details Section

It is the last section in the comparison of both the sections. Some of the comparable elements forming part of other details section include AUM, minimum SIP and lumpsum investment, and exit load. The AUM comparison reveals that there is a significant difference between the AUM of both the schemes. As on March 31, 2018, the AUM of L&T Hybrid Equity Fund was approximately INR 9,820 Crores while of Tata Hybrid Equity Fund was approximately INR 5,371 crores. The minimum SIP amount for both the schemes is same, that is, INR 500. Similarly, the minimum lumpsum amount is also same for both the schemes, that is, INR 5,000. The summary comparison of other details section is tabulated as follows.

Parameters
Other DetailsMin SIP Investment
Min Investment
Fund Manager
L&T Hybrid Equity Fund
Growth
Fund Details
₹500
₹5,000
Shriram Ramanathan - 5.43 Yr.
Tata Hybrid Equity Fund
Growth
Fund Details
₹500
₹5,000
Murthy Nagarajan - 4.59 Yr.

Growth of 10k Investments over the years

Growth of 10,000 investment over the years.
L&T Hybrid Equity Fund
Growth
Fund Details
DateValue
30 Nov 16₹10,000
30 Nov 17₹12,267
30 Nov 18₹12,049
30 Nov 19₹12,767
30 Nov 20₹13,935
30 Nov 21₹17,392
Growth of 10,000 investment over the years.
Tata Hybrid Equity Fund
Growth
Fund Details
DateValue
30 Nov 16₹10,000
30 Nov 17₹11,414
30 Nov 18₹11,421
30 Nov 19₹12,268
30 Nov 20₹12,874
30 Nov 21₹16,537

Detailed Assets & Holdings Comparison

Asset Allocation
L&T Hybrid Equity Fund
Growth
Fund Details
Asset ClassValue
Cash3.67%
Equity73.79%
Debt22.53%
Equity Sector Allocation
SectorValue
Financial Services22%
Consumer Cyclical12.22%
Technology11.52%
Basic Materials10.66%
Health Care7.2%
Industrials3.35%
Consumer Defensive3.32%
Energy1.78%
Real Estate1%
Communication Services0.75%
Debt Sector Allocation
SectorValue
Government17.9%
Corporate4.64%
Cash Equivalent3.67%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 11 | ICICIBANK
7%₹351 Cr4,372,300
↓ -789,800
Infosys Ltd (Technology)
Equity, Since 31 Jan 19 | INFY
5%₹264 Cr1,585,700
HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 11 | HDFCBANK
5%₹245 Cr1,549,400
↓ -172,200
Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 30 Apr 15 | SUNPHARMA
3%₹179 Cr2,252,100
State Bank of India (Financial Services)
Equity, Since 31 Dec 20 | SBIN
3%₹161 Cr3,196,700
↓ -1,488,300
K.P.R. Mill Ltd (Consumer Cyclical)
Equity, Since 28 Feb 15 | 532889
3%₹149 Cr3,316,315
Sona BLW Precision Forgings Ltd (Consumer Cyclical)
Equity, Since 31 Jul 21 | 543300
3%₹141 Cr2,182,600
6.18% Govt Stock 2024
Sovereign Bonds | -
3%₹138 Cr13,000,000
UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 Oct 19 | ULTRACEMCO
2%₹125 Cr163,600
7.32% Govt Stock 2024
Sovereign Bonds | -
2%₹118 Cr11,000,000
Asset Allocation
Tata Hybrid Equity Fund
Growth
Fund Details
Asset ClassValue
Cash8.62%
Equity77.43%
Debt13.96%
Equity Sector Allocation
SectorValue
Financial Services27.8%
Technology11.91%
Energy7.62%
Consumer Defensive7.12%
Basic Materials6.59%
Industrials5.67%
Consumer Cyclical3.81%
Communication Services3%
Health Care2.14%
Utility1.7%
Debt Sector Allocation
SectorValue
Corporate12.84%
Cash Equivalent5.37%
Government4.37%
Credit Quality
RatingValue
AA1.15%
AAA98.85%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 16 | ICICIBANK
10%₹333 Cr4,150,000
↓ -200,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 16 | RELIANCE
8%₹261 Cr1,030,000
↓ -70,000
State Bank of India (Financial Services)
Equity, Since 29 Feb 16 | SBIN
7%₹239 Cr4,750,000
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 08 | HDFCBANK
6%₹198 Cr1,250,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Aug 17 | TCS
5%₹160 Cr470,000
↓ -15,000
Infosys Ltd (Technology)
Equity, Since 30 Nov 13 | INFY
4%₹147 Cr880,000
↓ -20,000
BASF India Ltd (Basic Materials)
Equity, Since 30 Jun 18 | 500042
4%₹136 Cr418,127
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Aug 17 | HDFC
3%₹117 Cr410,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 20 | BHARTIARTL
3%₹103 Cr1,500,000
ITC Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC
3%₹87 Cr3,900,000

To conclude in a nutshell, it can be said that there exist numerous differences between both the schemes on various parameters. Resultantly, individuals should be cautious before investing in any scheme. They should understand the modalities of the scheme completely and check whether their investment objective is in-line with the scheme or not. This will help the investors to accomplish their objectives on time 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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