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8 Best Hybrid Balanced Mutual Funds 2023
Hybrid Funds are also commonly known as Balanced Fund. Hybrid funds are a type of Mutual Funds that invest in both equity and debt mutual fund. In other words, this fund acts as a combination of both debt and equity, where about 65% of the Portfolio is dedicated to equities and the rest to fixed Income instruments.
Hybrid funds are a great option for the investors who fear of Investing in Equity Funds. This fund will reduce the risk portion and also help in gaining optimal returns over the time. To earn the best possible profits, investors are advised to invest in best hybrid mutual funds or best balanced funds. Thus, to make the process of investing easy for you, we have shortlisted some of the top performing hybrid funds to invest in 2023 - 2024 in article below.
Why Invest in Hybrid or Balanced Mutual Funds?
Hybrid funds help in balancing the portfolio. As the fund invests in both stocks and Bonds, investors can easily create a balanced portfolio by investing in a balanced mutual fund. This scheme also provides diversification benefits. Diversification helps in generating stable returns; so that if one fund underperforms, others can stabilise the portfolio. This will reduce the overall risk of the portfolio.
Hybrid or balanced funds are also a gateway for those who want to begin their equity investments. This will help in gaining optimal returns within a short to mid tenure. This will also prevent the larger downfall of equity from the ever-changing Market conditions. Moreover, hybrid funds carry a moderate level of risk, whereas equity funds have a high level of investment risk.
Ideally, hybrid funds can be a good investment option for investors who want to invest in Mutual Funds. These funds have the best of both worlds: the advantages of equities while gaining the benefits of a Fixed Income investment. Thus, investors can choose the above listed best hybrid mutual funds and earn good profits by investing in the scheme.
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Top 8 Hybrid Mutual Funds for Investments in FY 23 - 24
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2022 (%) ICICI Prudential Equity and Debt Fund Growth ₹273.24
↑ 0.76 ₹24,990 9.6 13.8 18.8 26.8 15.9 11.7 HDFC Balanced Advantage Fund Growth ₹369.934
↑ 0.81 ₹60,641 9.8 15.2 21.7 25.4 14.1 18.8 UTI Hybrid Equity Fund Growth ₹295.495
↑ 0.49 ₹4,799 9 13.6 16.4 21.4 11.2 5.6 Kotak Equity Hybrid Fund Growth ₹45.871
↑ 0.13 ₹4,050 7.5 11.3 12.8 21.1 13.2 5 Nippon India Equity Hybrid Fund Growth ₹78.4702
↑ 0.28 ₹3,044 8.6 13.9 16.7 21.1 6.7 6.6 HDFC Hybrid Equity Fund Growth ₹93.608
↑ 0.17 ₹21,038 5.2 10.4 14.9 20.8 12.1 8.9 Franklin India Equity Hybrid Fund Growth ₹200.894
↑ 0.58 ₹1,477 8.6 12.4 14.4 18.8 11 4.7 Tata Hybrid Equity Fund Growth ₹346.011
↑ 0.32 ₹3,453 5.6 9.5 11.3 18.4 10.3 7.9 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 22 Aug 23 Assets > 500 Crore & Sorted on 3 Year CAGR Returns.
Hybrid / Balanced Mutual Funds Basics
1. Understanding Balanced Funds
In India, Balance funds typically invest 65% of their portfolio in stocks/equity/shares and the remainder of their resources in bonds and other debt instruments like corporate bond/ Government Bonds/ Infrastrcuture Bonds. So balanced funds are usually equity-oriented hybrid funds. They serve as a suitable option for first-time investors who have low-risk appetite. They are for investors who do not want to take on risky options but still want Capital appreciation. Also there are Debt oriented hybrid/balanced funds having 65% and 35% Equity.
2. Types of Hybrid Mutual Funds
Based on recent (Mar - Apr 2018) categorization of Mutual funds by SEBI. Types of hybrid fund as follows.
| Type | Details |
|---|---|
| Hybrid Equity | 65% Equity 35% Debt |
| Hybrid Debt | 65% Debt 35% Equity |
| Arbitrage | 100% Equity Arbitrage |
| Dynamic Allocation | Dynamic Allocaiton based on valuations |
| Equity Savings | arbitrage opportunities, investment in equity / equity related instruments and debt / money market instruments |
| Multi Asset | Multiple Asset like Floating Rate and fixed rate debt instruments, equity, money market instruments and derivatives |
| Balanced Hybrid | 50% Equity 50% Debt |
3. Advantages of Balanced Funds
Balance funds provide a convenience of diversification in form of a single docket of a mutual fund. An investor thus needs to go through the hassle of analyzing and selecting a bouquet of funds. A professionally trained and experienced fund manager does this job for the investor. A calculated combination of debt and equity components makes the funds less vulnerable to market Volatility. The equity components of the fund are aimed at generating capital appreciation and their debt components serve as securities to shield the investment from unforeseen market corrections.
4. Disadvantages of Balanced Funds
While it might seem that balanced funds are virtually risk-free, it is not entirely the case. Balanced funds have their own share of risk. While in case of a direct investment across a number of stocks and debt instruments, one can relocate the resources among different funds as diversification for Tax Planning or wealth creation. However, in balance funds, since the decision of resource allocation is with the fund manager, customized diversification is not possible.
5. Better risk-based returns
Balanced funds have given better risk-adjusted returns in the long run compared to equity returns. A comparison is given below is based on certain assumption which might change time to time in future.
| Fund Category | 5-year rolling return | Risk-based Std. deviation |
|---|---|---|
| Balanced Funds | 13.20% | 2.9 |
| Large cap funds | 12.90% | 3.47 |
| mid-cap and Large cap funds | 13.96% | 3.82 |
| Diversified Funds | 14.91% | 3.96 |
(Erstwhile ICICI Prudential Balanced Fund) To generate long term capital appreciation and current income from a portfolio
that is invested in equity and equity related securities as well as in fixed income
securities. ICICI Prudential Equity and Debt Fund is a Hybrid - Hybrid Equity fund was launched on 3 Nov 99. It is a fund with Moderately High risk and has given a Below is the key information for ICICI Prudential Equity and Debt Fund Returns up to 1 year are on (Erstwhile HDFC Growth Fund and HDFC Prudence Fund) Aims to generate long term capital appreciation from a portfolio that is invested predominantly in equity and equity related instruments. HDFC Balanced Advantage Fund is a Hybrid - Dynamic Allocation fund was launched on 11 Sep 00. It is a fund with Moderately High risk and has given a Below is the key information for HDFC Balanced Advantage Fund Returns up to 1 year are on (Erstwhile UTI Balanced Fund) The scheme aims to invest in a portfolio of equity/equity related securities and fixed income securities (debt and money market securities) with a view to generating regular income together with capital appreciation. UTI Hybrid Equity Fund is a Hybrid - Hybrid Equity fund was launched on 2 Jan 95. It is a fund with Moderately High risk and has given a Below is the key information for UTI Hybrid Equity Fund Returns up to 1 year are on (Erstwhile Kotak Balance Fund) The objective of the Scheme is to achieve growth by investing in equity and equity related instruments, balanced with income generation by investing in debt and money market instruments. Kotak Equity Hybrid Fund is a Hybrid - Hybrid Equity fund was launched on 3 Nov 14. It is a fund with Moderately High risk and has given a Below is the key information for Kotak Equity Hybrid Fund Returns up to 1 year are on (Erstwhile Reliance Regular Savings Fund - Balanced Plan) The primary investment objective of this option is to generate consistent returns and appreciation of capital by investing in mix of securities comprising of Equity, Equity related instruments & fixed income instruments. Nippon India Equity Hybrid Fund is a Hybrid - Hybrid Equity fund was launched on 8 Jun 05. It is a fund with Moderately High risk and has given a Below is the key information for Nippon India Equity Hybrid Fund Returns up to 1 year are on (Erstwhile HDFC Premier Multi-Cap Fund and HDFC Balanced Fund) To generate capital appreciation in the long term through equity
investments by investing in a diversified portfolio of Mid Cap & Large Cap ‘blue chip’ companies. HDFC Hybrid Equity Fund is a Hybrid - Hybrid Equity fund was launched on 6 Apr 05. It is a fund with Moderately High risk and has given a Below is the key information for HDFC Hybrid Equity Fund Returns up to 1 year are on (Erstwhile Franklin India Balanced Fund) The fund aims to provide long term capital appreciation and current income by investing in equity and equity related securities and high quality fixed income instruments. Franklin India Equity Hybrid Fund is a Hybrid - Hybrid Equity fund was launched on 10 Dec 99. It is a fund with Moderately High risk and has given a Below is the key information for Franklin India Equity Hybrid Fund Returns up to 1 year are on (Erstwhile TATA Balanced Fund) To provide income distribution and / or medium to long term capital gains while at all times emphasising the importance of capital appreciation. Tata Hybrid Equity Fund is a Hybrid - Hybrid Equity fund was launched on 8 Oct 95. It is a fund with Moderately High risk and has given a Below is the key information for Tata Hybrid Equity Fund Returns up to 1 year are on 1. ICICI Prudential Equity and Debt Fund
CAGR/Annualized return of 14.9% since its launch. Ranked 7 in Hybrid Equity category. Return for 2022 was 11.7% , 2021 was 41.7% and 2020 was 9% . ICICI Prudential Equity and Debt Fund
Growth Launch Date 3 Nov 99 NAV (22 Aug 23) ₹273.24 ↑ 0.76 (0.28 %) Net Assets (Cr) ₹24,990 on 31 Jul 23 Category Hybrid - Hybrid Equity AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.78 Sharpe Ratio 1.57 Information Ratio 1.57 Alpha Ratio 7.39 Min Investment 5,000 Min SIP Investment 100 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Aug 18 ₹10,000 31 Aug 19 ₹9,614 31 Aug 20 ₹9,924 31 Aug 21 ₹15,216 31 Aug 22 ₹17,574 31 Aug 23 ₹20,594 Returns for ICICI Prudential Equity and Debt Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Aug 23 Duration Returns 1 Month 2.3% 3 Month 9.6% 6 Month 13.8% 1 Year 18.8% 3 Year 26.8% 5 Year 15.9% 10 Year 15 Year Since launch 14.9% Historical performance (Yearly) on absolute basis
Year Returns 2022 11.7% 2021 41.7% 2020 9% 2019 9.3% 2018 -1.9% 2017 24.8% 2016 13.7% 2015 2.1% 2014 45.6% 2013 11.2% Fund Manager information for ICICI Prudential Equity and Debt Fund
Name Since Tenure Sankaran Naren 7 Dec 15 7.74 Yr. Manish Banthia 19 Sep 13 9.96 Yr. Mittul Kalawadia 29 Dec 20 2.67 Yr. Nikhil Kabra 29 Dec 20 2.67 Yr. Sri Sharma 30 Apr 21 2.34 Yr. Sharmila D’mello 31 Jul 22 1.09 Yr. Data below for ICICI Prudential Equity and Debt Fund as on 31 Jul 23
Asset Allocation
Asset Class Value Cash 7.55% Equity 74.64% Debt 17.81% Equity Sector Allocation
Sector Value Financial Services 19.44% Consumer Cyclical 12.55% Energy 9.67% Utility 8.86% Communication Services 6.61% Technology 5.77% Health Care 3.55% Industrials 3.42% Basic Materials 1.95% Real Estate 1.47% Consumer Defensive 1.12% Debt Sector Allocation
Sector Value Government 13.37% Cash Equivalent 7.16% Corporate 4.84% Credit Quality
Rating Value A 4.2% AA 18.08% AAA 77.72% Top Securities Holdings / Portfolio
Name Holding Value Quantity NTPC Ltd Shs Dematerialised (Utilities)
Equity, Since 28 Feb 17 | 5325559% ₹2,190 Cr 100,312,803 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jul 12 | ICICIBANK7% ₹1,820 Cr 18,232,406 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 16 | BHARTIARTL6% ₹1,487 Cr 16,713,637 Oil & Natural Gas Corp Ltd (Energy)
Equity, Since 30 Apr 17 | 5003125% ₹1,218 Cr 68,788,701
↓ -2,695,000 Tata Motors Ltd Class A (Consumer Cyclical)
Equity, Since 30 Nov 16 | TATAMTRDVR4% ₹1,120 Cr 27,024,763 Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 22 | RELIANCE4% ₹1,051 Cr 4,123,676
↑ 131,192 Infosys Ltd (Technology)
Equity, Since 30 Jun 16 | INFY4% ₹951 Cr 7,013,506 8.51% Govt Stock 2033
Sovereign Bonds | -4% ₹912 Cr 90,325,000
↓ -7,625,000 7.93% Govt Stock 2034
Sovereign Bonds | -3% ₹848 Cr 85,768,010 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 21 | HDFCBANK3% ₹779 Cr 4,715,261
↑ 1,565,175 2. HDFC Balanced Advantage Fund
CAGR/Annualized return of 18.1% since its launch. Ranked 23 in Dynamic Allocation category. Return for 2022 was 18.8% , 2021 was 26.4% and 2020 was 7.6% . HDFC Balanced Advantage Fund
Growth Launch Date 11 Sep 00 NAV (22 Aug 23) ₹369.934 ↑ 0.81 (0.22 %) Net Assets (Cr) ₹60,641 on 31 Jul 23 Category Hybrid - Dynamic Allocation AMC HDFC Asset Management Company Limited Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.61 Sharpe Ratio 1.77 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 300 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Aug 18 ₹10,000 31 Aug 19 ₹9,667 31 Aug 20 ₹9,475 31 Aug 21 ₹13,641 31 Aug 22 ₹15,936 31 Aug 23 ₹19,044 Returns for HDFC Balanced Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Aug 23 Duration Returns 1 Month 2.4% 3 Month 9.8% 6 Month 15.2% 1 Year 21.7% 3 Year 25.4% 5 Year 14.1% 10 Year 15 Year Since launch 18.1% Historical performance (Yearly) on absolute basis
Year Returns 2022 18.8% 2021 26.4% 2020 7.6% 2019 6.9% 2018 -3.1% 2017 27.9% 2016 9.4% 2015 0.3% 2014 51.8% 2013 2.1% Fund Manager information for HDFC Balanced Advantage Fund
Name Since Tenure Anil Bamboli 29 Jul 22 1.09 Yr. Gopal Agrawal 29 Jul 22 1.09 Yr. Arun Agarwal 6 Oct 22 0.9 Yr. Srinivasan Ramamurthy 29 Jul 22 1.09 Yr. Nirman Morakhia 15 Feb 23 0.54 Yr. Dhruv Muchhal 22 Jun 23 0.19 Yr. Data below for HDFC Balanced Advantage Fund as on 31 Jul 23
Asset Allocation
Asset Class Value Cash 13.8% Equity 60.56% Debt 25.64% Equity Sector Allocation
Sector Value Financial Services 25.02% Industrials 10.41% Energy 7.31% Utility 5.72% Technology 4.35% Consumer Cyclical 3.71% Health Care 3.44% Consumer Defensive 3.2% Basic Materials 1.9% Communication Services 1.72% Real Estate 1.22% Debt Sector Allocation
Sector Value Government 19.15% Cash Equivalent 12.3% Corporate 7.98% Credit Quality
Rating Value AA 2.21% AAA 97.79% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 22 | HDFCBANK7% ₹4,106 Cr 26,129,301
↑ 1,576,300 7.38% Govt Stock 2027
Sovereign Bonds | -4% ₹2,740 Cr 272,081,800 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK4% ₹2,636 Cr 27,493,024
↑ 116,200 Coal India Ltd (Energy)
Equity, Since 31 Jan 18 | COALINDIA4% ₹2,258 Cr 98,170,711 State Bank of India (Financial Services)
Equity, Since 31 May 07 | SBIN4% ₹2,257 Cr 40,214,771 NTPC Ltd Shs Dematerialised (Utilities)
Equity, Since 31 Aug 16 | 5325553% ₹2,148 Cr 97,489,178
↓ -2,500,000 ITC Ltd (Consumer Defensive)
Equity, Since 30 Apr 18 | ITC3% ₹1,829 Cr 41,596,926 Infosys Ltd (Technology)
Equity, Since 31 Oct 09 | INFY3% ₹1,709 Cr 11,903,498 7.1% Govt Stock 2029
Sovereign Bonds | -3% ₹1,559 Cr 156,500,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Jun 12 | LT2% ₹1,531 Cr 5,666,515
↓ -178,500 3. UTI Hybrid Equity Fund
CAGR/Annualized return of 14.9% since its launch. Ranked 12 in Hybrid Equity category. Return for 2022 was 5.6% , 2021 was 30.5% and 2020 was 13.2% . UTI Hybrid Equity Fund
Growth Launch Date 2 Jan 95 NAV (22 Aug 23) ₹295.495 ↑ 0.49 (0.17 %) Net Assets (Cr) ₹4,799 on 31 Jul 23 Category Hybrid - Hybrid Equity AMC UTI Asset Management Company Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 1.95 Sharpe Ratio 1.32 Information Ratio 1.49 Alpha Ratio 5.01 Min Investment 1,000 Min SIP Investment 500 Exit Load 0-12 Months (1%),12 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Aug 18 ₹10,000 31 Aug 19 ₹9,079 31 Aug 20 ₹9,339 31 Aug 21 ₹13,757 31 Aug 22 ₹14,663 31 Aug 23 ₹16,910 Returns for UTI Hybrid Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Aug 23 Duration Returns 1 Month 0.7% 3 Month 9% 6 Month 13.6% 1 Year 16.4% 3 Year 21.4% 5 Year 11.2% 10 Year 15 Year Since launch 14.9% Historical performance (Yearly) on absolute basis
Year Returns 2022 5.6% 2021 30.5% 2020 13.2% 2019 2.5% 2018 -5.6% 2017 25.7% 2016 8.8% 2015 2.4% 2014 32.8% 2013 6.8% Fund Manager information for UTI Hybrid Equity Fund
Name Since Tenure V Srivatsa 24 Sep 09 13.94 Yr. Sunil Patil 5 Feb 18 5.57 Yr. Data below for UTI Hybrid Equity Fund as on 31 Jul 23
Asset Allocation
Asset Class Value Cash 4.07% Equity 70.62% Debt 25.3% Equity Sector Allocation
Sector Value Debt Sector Allocation
Sector Value Government 13.56% Corporate 10.99% Cash Equivalent 3.68% Credit Quality
Rating Value AA 11.13% AAA 88.87% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 29 Feb 20 | HDFCBANK7% ₹330 Cr 2,102,248 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Mar 10 | ICICIBANK6% ₹264 Cr 2,755,978 7.26% Govt Stock 2033
Sovereign Bonds | -5% ₹252 Cr 2,500,000,000 Infosys Ltd (Technology)
Equity, Since 31 Mar 06 | INFY5% ₹218 Cr 1,515,520 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 12 | LT4% ₹174 Cr 644,059 ITC Ltd (Consumer Defensive)
Equity, Since 31 Aug 06 | ITC3% ₹155 Cr 3,525,746 Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 19 | RELIANCE3% ₹134 Cr 555,397
↑ 203,694 7.41% Govt Stock 2036
Sovereign Bonds | -3% ₹127 Cr 1,250,000,000 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Mar 21 | M&M3% ₹126 Cr 797,162
↑ 52,607 IndusInd Bank Ltd (Financial Services)
Equity, Since 31 Jul 22 | INDUSINDBK2% ₹107 Cr 775,173
↓ -86,670 4. Kotak Equity Hybrid Fund
CAGR/Annualized return of 11.4% since its launch. Ranked 17 in Hybrid Equity category. Return for 2022 was 5% , 2021 was 28.9% and 2020 was 15.4% . Kotak Equity Hybrid Fund
Growth Launch Date 3 Nov 14 NAV (22 Aug 23) ₹45.871 ↑ 0.13 (0.28 %) Net Assets (Cr) ₹4,050 on 31 Jul 23 Category Hybrid - Hybrid Equity AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 1.91 Sharpe Ratio 1.16 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Aug 18 ₹10,000 31 Aug 19 ₹9,678 31 Aug 20 ₹10,339 31 Aug 21 ₹15,332 31 Aug 22 ₹16,553 31 Aug 23 ₹18,532 Returns for Kotak Equity Hybrid Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Aug 23 Duration Returns 1 Month 0.7% 3 Month 7.5% 6 Month 11.3% 1 Year 12.8% 3 Year 21.1% 5 Year 13.2% 10 Year 15 Year Since launch 11.4% Historical performance (Yearly) on absolute basis
Year Returns 2022 5% 2021 28.9% 2020 15.4% 2019 14.1% 2018 -6.2% 2017 23.2% 2016 11% 2015 1.9% 2014 2013 Fund Manager information for Kotak Equity Hybrid Fund
Name Since Tenure Pankaj Tibrewal 25 Aug 15 8.02 Yr. Abhishek Bisen 4 Jun 09 14.25 Yr. Arjun Khanna 30 Apr 22 1.34 Yr. Data below for Kotak Equity Hybrid Fund as on 31 Jul 23
Asset Allocation
Asset Class Value Cash 3.27% Equity 71.79% Debt 24.95% Equity Sector Allocation
Sector Value Financial Services 18.48% Industrials 12.09% Consumer Cyclical 8.87% Basic Materials 8.81% Technology 6.07% Health Care 5.22% Consumer Defensive 4.33% Energy 3.75% Real Estate 2.11% Utility 1.84% Debt Sector Allocation
Sector Value Government 20.96% Corporate 3.98% Cash Equivalent 3.27% Credit Quality
Rating Value A 1.48% AA 2.48% AAA 96.04% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 11 | HDFCBANK5% ₹214 Cr 1,295,812 7.26% Govt Stock 2033
Sovereign Bonds | -5% ₹197 Cr 19,534,950
↑ 4,500,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 10 | ICICIBANK5% ₹186 Cr 1,865,708 7.17% Govt Stock 2030
Sovereign Bonds | -4% ₹162 Cr 16,248,510
↑ 6,248,510 8.51% Govt Stock 2033
Sovereign Bonds | -3% ₹115 Cr 11,442,800 Infosys Ltd (Technology)
Equity, Since 30 Apr 10 | INFY3% ₹114 Cr 839,800 State Bank of India (Financial Services)
Equity, Since 31 Aug 12 | SBIN3% ₹113 Cr 1,819,100 7.41% Govt Stock 2036
Sovereign Bonds | -3% ₹106 Cr 10,500,000
↑ 10,500,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Sep 10 | LT2% ₹95 Cr 356,028 Carborundum Universal Ltd (Industrials)
Equity, Since 30 Sep 21 | CARBORUNIV2% ₹87 Cr 716,030
↑ 15,000 5. Nippon India Equity Hybrid Fund
CAGR/Annualized return of 12% since its launch. Ranked 8 in Hybrid Equity category. Return for 2022 was 6.6% , 2021 was 27.8% and 2020 was -5.3% . Nippon India Equity Hybrid Fund
Growth Launch Date 8 Jun 05 NAV (22 Aug 23) ₹78.4702 ↑ 0.28 (0.36 %) Net Assets (Cr) ₹3,044 on 31 Jul 23 Category Hybrid - Hybrid Equity AMC Nippon Life Asset Management Ltd. Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.06 Sharpe Ratio 1.33 Information Ratio 1.37 Alpha Ratio 4.96 Min Investment 500 Min SIP Investment 100 Exit Load 0-12 Months (1%),12 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Aug 18 ₹10,000 31 Aug 19 ₹8,748 31 Aug 20 ₹7,760 31 Aug 21 ₹11,252 31 Aug 22 ₹11,915 31 Aug 23 ₹13,735 Returns for Nippon India Equity Hybrid Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Aug 23 Duration Returns 1 Month 0.7% 3 Month 8.6% 6 Month 13.9% 1 Year 16.7% 3 Year 21.1% 5 Year 6.7% 10 Year 15 Year Since launch 12% Historical performance (Yearly) on absolute basis
Year Returns 2022 6.6% 2021 27.8% 2020 -5.3% 2019 3% 2018 -4.9% 2017 29.5% 2016 4.2% 2015 8.7% 2014 43.2% 2013 3.5% Fund Manager information for Nippon India Equity Hybrid Fund
Name Since Tenure Meenakshi Dawar 10 Sep 21 1.98 Yr. Kinjal Desai 25 May 18 5.27 Yr. Sushil Budhia 1 Feb 20 3.58 Yr. Akshay Sharma 1 Dec 22 0.75 Yr. Data below for Nippon India Equity Hybrid Fund as on 31 Jul 23
Asset Allocation
Asset Class Value Cash 4.42% Equity 74.6% Debt 20.98% Equity Sector Allocation
Sector Value Financial Services 24.77% Industrials 9.31% Technology 7.77% Consumer Cyclical 7.21% Health Care 6.61% Consumer Defensive 5.63% Energy 5.15% Basic Materials 2.84% Utility 2.55% Communication Services 2.16% Real Estate 0.6% Debt Sector Allocation
Sector Value Corporate 16.73% Cash Equivalent 4.42% Government 4.25% Credit Quality
Rating Value A 3.25% AA 34.18% AAA 62.57% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 10 | HDFCBANK7% ₹209 Cr 1,332,356 Infosys Ltd (Technology)
Equity, Since 28 Feb 11 | INFY5% ₹155 Cr 1,080,000 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 12 | ICICIBANK5% ₹151 Cr 1,570,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 14 | RELIANCE4% ₹132 Cr 548,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 13 | LT4% ₹123 Cr 455,000 Axis Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | 5322154% ₹106 Cr 1,089,000 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 Oct 11 | SUNPHARMA3% ₹93 Cr 840,000 ITC Ltd (Consumer Defensive)
Equity, Since 31 Mar 16 | ITC3% ₹86 Cr 1,950,000 State Bank of India (Financial Services)
Equity, Since 31 Jul 16 | SBIN2% ₹73 Cr 1,300,000 NTPC Ltd Shs Dematerialised (Utilities)
Equity, Since 31 Aug 20 | 5325552% ₹65 Cr 2,950,620 6. HDFC Hybrid Equity Fund
CAGR/Annualized return of 15.4% since its launch. Ranked 57 in Hybrid Equity category. Return for 2022 was 8.9% , 2021 was 25.7% and 2020 was 13.4% . HDFC Hybrid Equity Fund
Growth Launch Date 6 Apr 05 NAV (22 Aug 23) ₹93.608 ↑ 0.17 (0.18 %) Net Assets (Cr) ₹21,038 on 31 Jul 23 Category Hybrid - Hybrid Equity AMC HDFC Asset Management Company Limited Rating ☆☆ Risk Moderately High Expense Ratio 1.76 Sharpe Ratio 1.45 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 300 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Aug 18 ₹10,000 31 Aug 19 ₹9,726 31 Aug 20 ₹9,966 31 Aug 21 ₹14,382 31 Aug 22 ₹15,513 31 Aug 23 ₹17,548 Returns for HDFC Hybrid Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Aug 23 Duration Returns 1 Month -1.4% 3 Month 5.2% 6 Month 10.4% 1 Year 14.9% 3 Year 20.8% 5 Year 12.1% 10 Year 15 Year Since launch 15.4% Historical performance (Yearly) on absolute basis
Year Returns 2022 8.9% 2021 25.7% 2020 13.4% 2019 7.5% 2018 -2.8% 2017 27.5% 2016 9.7% 2015 3% 2014 51.5% 2013 8.8% Fund Manager information for HDFC Hybrid Equity Fund
Name Since Tenure Chirag Setalvad 2 Apr 07 16.43 Yr. Anupam Joshi 6 Oct 22 0.9 Yr. Dhruv Muchhal 22 Jun 23 0.19 Yr. Data below for HDFC Hybrid Equity Fund as on 31 Jul 23
Asset Allocation
Asset Class Value Cash 2.35% Equity 68.31% Debt 29.34% Equity Sector Allocation
Sector Value Financial Services 25.28% Industrials 12.02% Technology 7.54% Energy 5.74% Consumer Defensive 4.95% Communication Services 2.63% Utility 2.47% Consumer Cyclical 2.46% Health Care 2.33% Basic Materials 1.81% Real Estate 0.78% Debt Sector Allocation
Sector Value Government 19.02% Corporate 10.32% Cash Equivalent 2.35% Credit Quality
Rating Value AA 4.45% AAA 95.55% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Aug 13 | HDFCBANK8% ₹1,719 Cr 10,940,000 7.1% Govt Stock 2029
Sovereign Bonds | -7% ₹1,495 Cr 150,000,000 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 10 | ICICIBANK7% ₹1,400 Cr 14,600,000 ITC Ltd (Consumer Defensive)
Equity, Since 31 May 15 | ITC5% ₹1,003 Cr 22,814,004 Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 18 | RELIANCE4% ₹885 Cr 3,675,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Nov 11 | LT4% ₹837 Cr 3,096,440 Infosys Ltd (Technology)
Equity, Since 31 Jan 03 | INFY4% ₹750 Cr 5,223,368 Axis Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | 5322153% ₹706 Cr 7,250,000 State Bank of India (Financial Services)
Equity, Since 31 Oct 11 | SBIN3% ₹702 Cr 12,508,071 National Bank For Agriculture And Rural Development
Debentures | -3% ₹599 Cr 60,000 7. Franklin India Equity Hybrid Fund
CAGR/Annualized return of 13.5% since its launch. Ranked 16 in Hybrid Equity category. Return for 2022 was 4.7% , 2021 was 23.8% and 2020 was 13.7% . Franklin India Equity Hybrid Fund
Growth Launch Date 10 Dec 99 NAV (22 Aug 23) ₹200.894 ↑ 0.58 (0.29 %) Net Assets (Cr) ₹1,477 on 31 Jul 23 Category Hybrid - Hybrid Equity AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.22 Sharpe Ratio 1.18 Information Ratio 0.76 Alpha Ratio 3.62 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Aug 18 ₹10,000 31 Aug 19 ₹9,569 31 Aug 20 ₹9,925 31 Aug 21 ₹14,413 31 Aug 22 ₹14,783 31 Aug 23 ₹16,724 Returns for Franklin India Equity Hybrid Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Aug 23 Duration Returns 1 Month 1.3% 3 Month 8.6% 6 Month 12.4% 1 Year 14.4% 3 Year 18.8% 5 Year 11% 10 Year 15 Year Since launch 13.5% Historical performance (Yearly) on absolute basis
Year Returns 2022 4.7% 2021 23.8% 2020 13.7% 2019 7.9% 2018 -1.6% 2017 21% 2016 7.6% 2015 4.8% 2014 47% 2013 6.6% Fund Manager information for Franklin India Equity Hybrid Fund
Name Since Tenure Sachin Padwal-Desai 1 Feb 11 12.59 Yr. Anand Radhakrishnan 6 Sep 21 1.99 Yr. Umesh Sharma 1 Feb 11 12.59 Yr. Varun Sharma 1 Sep 23 0 Yr. Sandeep Manam 18 Oct 21 1.87 Yr. Rajasa Kakulavarapu 6 Sep 21 1.99 Yr. Data below for Franklin India Equity Hybrid Fund as on 31 Jul 23
Asset Allocation
Asset Class Value Cash 6.18% Equity 69.09% Debt 24.73% Equity Sector Allocation
Sector Value Financial Services 20.1% Industrials 11.96% Consumer Cyclical 9.65% Technology 6.62% Consumer Defensive 4.89% Utility 3.59% Energy 3.48% Health Care 3.39% Basic Materials 2.79% Communication Services 2.61% Debt Sector Allocation
Sector Value Government 18.87% Cash Equivalent 6.18% Corporate 5.85% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK5% ₹80 Cr 839,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 07 | HDFCBANK5% ₹80 Cr 506,400
↓ -9,500 5.63% Govt Stock 2026
Sovereign Bonds | -5% ₹73 Cr 7,400,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Dec 19 | LT4% ₹53 Cr 195,000 Infosys Ltd (Technology)
Equity, Since 29 Feb 12 | INFY3% ₹51 Cr 356,567 5.74% Govt Stock 2026
Sovereign Bonds | -3% ₹49 Cr 5,000,000 Indian Railway Finance Corporation Limited
Debentures | -3% ₹40 Cr 4,000
↑ 4,000 Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 14 | 5322153% ₹39 Cr 403,000 5.15% Govt Stock 2025
Sovereign Bonds | -3% ₹39 Cr 4,000,000 National Bank For Agriculture And Rural Development
Debentures | -2% ₹35 Cr 3,500
↑ 3,500 8. Tata Hybrid Equity Fund
CAGR/Annualized return of 14.8% since its launch. Ranked 22 in Hybrid Equity category. Return for 2022 was 7.9% , 2021 was 23.6% and 2020 was 10.9% . Tata Hybrid Equity Fund
Growth Launch Date 8 Oct 95 NAV (22 Aug 23) ₹346.011 ↑ 0.32 (0.09 %) Net Assets (Cr) ₹3,453 on 31 Jul 23 Category Hybrid - Hybrid Equity AMC Tata Asset Management Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 1.89 Sharpe Ratio 1.04 Information Ratio 0.75 Alpha Ratio 2.34 Min Investment 5,000 Min SIP Investment 150 Exit Load 0-365 Days (1%),365 Days and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Aug 18 ₹10,000 31 Aug 19 ₹9,654 31 Aug 20 ₹9,757 31 Aug 21 ₹14,020 31 Aug 22 ₹14,763 31 Aug 23 ₹16,153 Returns for Tata Hybrid Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Aug 23 Duration Returns 1 Month -0.8% 3 Month 5.6% 6 Month 9.5% 1 Year 11.3% 3 Year 18.4% 5 Year 10.3% 10 Year 15 Year Since launch 14.8% Historical performance (Yearly) on absolute basis
Year Returns 2022 7.9% 2021 23.6% 2020 10.9% 2019 6.9% 2018 -2.5% 2017 19.4% 2016 4% 2015 7% 2014 49.6% 2013 7.5% Fund Manager information for Tata Hybrid Equity Fund
Name Since Tenure Murthy Nagarajan 1 Apr 17 6.42 Yr. Chandraprakash Padiyar 3 Sep 18 5 Yr. Satish Mishra 1 Nov 19 3.84 Yr. Data below for Tata Hybrid Equity Fund as on 31 Jul 23
Asset Allocation
Asset Class Value Cash 6.08% Equity 77.1% Debt 16.82% Equity Sector Allocation
Sector Value Financial Services 27.25% Technology 10.21% Consumer Defensive 8.79% Energy 6.5% Basic Materials 5.63% Industrials 5.32% Consumer Cyclical 5.28% Communication Services 5.28% Health Care 1.33% Utility 0.84% Debt Sector Allocation
Sector Value Corporate 8.62% Government 8.2% Cash Equivalent 6.08% Credit Quality
Rating Value AA 12.9% AAA 87.1% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 08 | HDFCBANK9% ₹305 Cr 1,938,800 State Bank of India (Financial Services)
Equity, Since 29 Feb 16 | SBIN7% ₹225 Cr 4,000,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 16 | RELIANCE6% ₹212 Cr 880,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 16 | ICICIBANK4% ₹146 Cr 1,525,000
↓ -199,373 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Aug 17 | TCS4% ₹144 Cr 430,000 ITC Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC4% ₹123 Cr 2,800,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 20 | BHARTIARTL4% ₹121 Cr 1,410,563
↓ -89,437 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Nov 16 | LT4% ₹120 Cr 445,000 Infosys Ltd (Technology)
Equity, Since 30 Nov 13 | INFY3% ₹105 Cr 730,000
↓ -20,000 Varun Beverages Ltd (Consumer Defensive)
Equity, Since 28 Feb 19 | VBL3% ₹97 Cr 1,080,000
Tax Implications
All the mutual funds with an equity exposure of 65% or more on an average are treated as equity asset class for taxation purpose. So the short-term Capital Gains meaning the gains booked with one year of the equity-oriented balance are taxed at 15%. If these funds are held for a period more than 12 months, their long-term capital gains are taxed at 10% if the gains booked exceed Rs. 1 lakh (as per the latest budget of 2018).
For debt oriented Hybrid Funds tax is 20% with indexation benefit as any other debt instrument if holding is for 3 years or above. Short term is taxed at marginal rate of tax (as per tax slab).
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