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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 August 16, 2022 , 502 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
₹36.769 ↑ 0.05   (0.14 %)
₹4,322 on 30 Jun 22
7 Feb 11
Hybrid
Hybrid Equity
5
Moderately High
1.86
-0.68
0
0
Not Available
0-1 Years (1%),1 Years and above(NIL)
Tata Hybrid Equity Fund
Growth
Fund Details
₹316.956 ↑ 0.59   (0.19 %)
₹3,027 on 30 Jun 22
8 Oct 95
Hybrid
Hybrid Equity
22
Moderately High
1.89
-0.01
-0.39
2.02
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
7.3%
7.8%
1.1%
2.4%
13.1%
8%
12%
Tata Hybrid Equity Fund
Growth
Fund Details
8%
10.9%
5.7%
8.2%
15.2%
9.7%
15%

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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 Performance2021
2020
2019
2018
2017
L&T Hybrid Equity Fund
Growth
Fund Details
23.1%
13.6%
6.5%
-3.8%
27.8%
Tata Hybrid Equity Fund
Growth
Fund Details
23.6%
10.9%
6.9%
-2.5%
19.4%

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 - 6.17 Yr.
Tata Hybrid Equity Fund
Growth
Fund Details
₹150
₹5,000
Murthy Nagarajan - 5.33 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
31 Jul 17₹10,000
31 Jul 18₹10,515
31 Jul 19₹10,023
31 Jul 20₹10,215
31 Jul 21₹13,978
31 Jul 22₹14,023
Growth of 10,000 investment over the years.
Tata Hybrid Equity Fund
Growth
Fund Details
DateValue
31 Jul 17₹10,000
31 Jul 18₹10,238
31 Jul 19₹10,238
31 Jul 20₹9,981
31 Jul 21₹13,803
31 Jul 22₹14,790

Detailed Assets & Holdings Comparison

Asset Allocation
L&T Hybrid Equity Fund
Growth
Fund Details
Asset ClassValue
Cash6.37%
Equity71.15%
Debt22.48%
Equity Sector Allocation
SectorValue
Financial Services20.06%
Consumer Cyclical19.62%
Technology10.08%
Energy4.92%
Health Care4.73%
Basic Materials3.53%
Utility2.85%
Industrials2.37%
Consumer Defensive1.84%
Communication Services0.67%
Real Estate0.47%
Debt Sector Allocation
SectorValue
Government18.72%
Cash Equivalent6.37%
Corporate3.76%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 11 | ICICIBANK
7%₹286 Cr4,039,000
Infosys Ltd (Technology)
Equity, Since 31 Jan 19 | INFY
5%₹232 Cr1,585,700
Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 18 | RELIANCE
5%₹213 Cr819,400
K.P.R. Mill Ltd (Consumer Cyclical)
Equity, Since 28 Feb 15 | KPRMILL
4%₹164 Cr3,173,050
State Bank of India (Financial Services)
Equity, Since 31 Dec 20 | SBIN
3%₹149 Cr3,196,700
6.18% Govt Stock 2024
Sovereign Bonds | -
3%₹130 Cr13,000,000
Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 31 Oct 21 | 500850
3%₹127 Cr5,655,600
Sona BLW Precision Forgings Ltd (Consumer Cyclical)
Equity, Since 31 Jul 21 | 543300
3%₹121 Cr2,182,600
HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 11 | HDFCBANK
3%₹118 Cr874,300
Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 Oct 21 | TATAMOTORS
3%₹112 Cr2,716,400
Asset Allocation
Tata Hybrid Equity Fund
Growth
Fund Details
Asset ClassValue
Cash9.01%
Equity77.65%
Debt13.34%
Equity Sector Allocation
SectorValue
Financial Services26.35%
Technology11.73%
Consumer Defensive9.01%
Energy7.54%
Basic Materials6.12%
Consumer Cyclical5.71%
Industrials4.14%
Communication Services3.5%
Health Care2.43%
Utility1.1%
Debt Sector Allocation
SectorValue
Corporate12.26%
Cash Equivalent6.49%
Government3.6%
Credit Quality
RatingValue
AA23.99%
AAA76.01%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 16 | ICICIBANK
9%₹272 Cr3,850,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 16 | RELIANCE
8%₹228 Cr880,000
State Bank of India (Financial Services)
Equity, Since 29 Feb 16 | SBIN
7%₹221 Cr4,750,000
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 08 | HDFCBANK
6%₹169 Cr1,250,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Aug 17 | TCS
5%₹150 Cr458,444
Infosys Ltd (Technology)
Equity, Since 30 Nov 13 | INFY
4%₹124 Cr850,000
BASF India Ltd (Basic Materials)
Equity, Since 30 Jun 18 | BASF
4%₹114 Cr418,127
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%₹100 Cr3,641,655
Varun Beverages Ltd (Consumer Defensive)
Equity, Since 28 Feb 19 | VBL
3%₹89 Cr1,129,000
↓ -26,000

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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