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8 Best Hybrid Balanced Mutual Funds 2020
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 2020 - 2021 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 20 - 21
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2019 (%) ICICI Prudential MIP 25 Growth ₹44.6182
↑ 0.10 ₹1,581 -2.2 -1.2 3.4 6.2 7.8 9.6 Edelweiss Balanced Advantage Fund Growth ₹23.55
↑ 0.18 ₹1,329 -4.4 -4.5 -1.6 4.4 4.3 7.8 Canara Robeco Equity Debt Allocation Fund Growth ₹154.03
↑ 0.88 ₹2,912 -9.2 -7.5 -4.6 4.3 6.5 11.7 SBI Equity Hybrid Fund Growth ₹125.341
↑ 1.10 ₹29,106 -13.1 -13.6 -9 4.2 5.6 13.5 L&T Dynamic Equity Fund Growth ₹24.315
↑ 0.20 ₹646 -1.7 -3.2 -0.5 3.9 3.6 8.2 IDFC Dynamic Equity Fund Growth ₹13.02
↑ 0.06 ₹866 -8.1 -7 -3.1 3.5 4.1 8.6 DSP BlackRock Dynamic Asset Allocation Fund Growth ₹15.096
↑ 0.12 ₹1,256 -6.5 -6.1 -0.8 3.2 5.5 8.8 ICICI Prudential Balanced Advantage Fund Growth ₹33.47
↑ 0.25 ₹24,834 -9.3 -11.5 -7 3 5.4 10.8 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 29 May 20 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 |
The Scheme seeks to generate regular income through investments primarily in debt and money market instruments. As a secondary objective, the Scheme also seeks to generate long term capital appreciation from the portion of equity investments under the Scheme. However, there can be no assurance that the investment objectives of the Scheme will be realized. ICICI Prudential MIP 25 is a Hybrid - Hybrid Debt fund was launched on 30 Mar 04. It is a fund with Moderately High risk and has given a Below is the key information for ICICI Prudential MIP 25 Returns up to 1 year are on (Erstwhile Edelweiss Dynamic Equity Advantage Fund) The primary objective of the scheme will be to generate absolute returns with low volatility over a longer tenure of time. The scheme will invest in arbitrage opportunities, equity derivative strategies, pure equity investments and the balance in debt and money market instruments. The Scheme proposes to allocate assets to both equity and debt markets based upon the market view. However there is no assurance that the investment objective of the scheme will be realized. Edelweiss Balanced Advantage Fund is a Hybrid - Dynamic Allocation fund was launched on 20 Aug 09. It is a fund with Moderately High risk and has given a Below is the key information for Edelweiss Balanced Advantage Fund Returns up to 1 year are on (Erstwhile Canara Robeco Balance) To seek to generate long term capital appreciation and/or income from a
portfolio constituted of equity and equity related securities as well as fixed income securities (debt and money market securities). However, there can be no assurance that the investment objective of the scheme will be realized. Canara Robeco Equity Debt Allocation Fund is a Hybrid - Hybrid Equity fund was launched on 1 Feb 93. It is a fund with Moderately High risk and has given a Below is the key information for Canara Robeco Equity Debt Allocation Fund Returns up to 1 year are on (Erstwhile SBI Magnum Balanced Fund) To provide investors long term capital appreciation along with the liquidity of open-ended scheme by investing in a mix of debt and equity. The scheme will invest in a diversified portfolio of equities of high growth companies and balance the risk through investing the rest in a relatively safe portfolio of debt. SBI Equity Hybrid Fund is a Hybrid - Hybrid Equity fund was launched on 19 Jan 05. It is a fund with Moderately High risk and has given a Below is the key information for SBI Equity Hybrid Fund Returns up to 1 year are on To seek to generate long-term capital appreciation from a diversified portfolio of equity and equity related securities and to generate reasonable returns by investing in a portfolio of debt and money market instruments and arbitrage opportunities in the cash and derivatives segments of the equity markets. L&T Dynamic Equity Fund is a Hybrid - Dynamic Allocation fund was launched on 7 Feb 11. It is a fund with Moderately High risk and has given a Below is the key information for L&T Dynamic Equity Fund Returns up to 1 year are on The primary objective of the scheme is to seek to generate long term capital appreciation with relatively lower volatility through systematic allocation of funds into equity and equity related instruments; and for defensive purposes in equity derivatives. The secondary objective of the scheme will be to generate income and capital appreciation through investment in Debt & Money Market instruments.There is no assurance or guarantee that the objectives of the scheme will be realised. IDFC Dynamic Equity Fund is a Hybrid - Dynamic Allocation fund was launched on 10 Oct 14. It is a fund with Moderately High risk and has given a Below is the key information for IDFC Dynamic Equity Fund Returns up to 1 year are on The investment objective of the Scheme is to seek capital appreciation by managing the asset allocation between specified equity mutual fund schemes and debt mutual fund schemes of DSP BlackRock Mutual Fund. The Scheme will dynamically manage the asset allocation between the specified equity mutual funds schemes and debt mutual funds schemes of DSP BlackRock Mutual Fund based on the relative valuation of equity and debt markets. The Scheme may also invest a certain portion of its corpus in money market securities and/ or money market/liquid schemes of DSP BlackRock Mutual Fund, in order to meet liquidity requirements from time to time. DSP BlackRock Dynamic Asset Allocation Fund is a Hybrid - Dynamic Allocation fund was launched on 6 Feb 14. It is a fund with Moderate risk and has given a Below is the key information for DSP BlackRock Dynamic Asset Allocation Fund Returns up to 1 year are on The fund objective is to seek low volatility returns by using arbitrage and other derivative strategies in equity markets and investments in short-term debt portfolio.The fund invests in equity with usage of derivatives. ICICI Prudential Balanced Advantage Fund is a Hybrid - Dynamic Allocation fund was launched on 30 Dec 06. It is a fund with Moderately High risk and has given a Below is the key information for ICICI Prudential Balanced Advantage Fund Returns up to 1 year are on 1. ICICI Prudential MIP 25
CAGR/Annualized return of 9.7% since its launch. Ranked 2 in Hybrid Debt category. Return for 2019 was 9.6% , 2018 was 5.1% and 2017 was 12.9% . ICICI Prudential MIP 25
Growth Launch Date 30 Mar 04 NAV (29 May 20) ₹44.6182 ↑ 0.10 (0.24 %) Net Assets (Cr) ₹1,581 on 30 Apr 20 Category Hybrid - Hybrid Debt AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.99 Sharpe Ratio 0.15 Information Ratio 0 Alpha Ratio 0 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 30 Apr 15 ₹10,000 30 Apr 16 ₹10,526 30 Apr 17 ₹12,176 30 Apr 18 ₹13,114 30 Apr 19 ₹14,034 30 Apr 20 ₹14,548 Returns for ICICI Prudential MIP 25
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 29 May 20 Duration Returns 1 Month 1.6% 3 Month -2.2% 6 Month -1.2% 1 Year 3.4% 3 Year 6.2% 5 Year 7.8% 10 Year 15 Year Since launch 9.7% Historical performance (Yearly) on absolute basis
Year Returns 2019 9.6% 2018 5.1% 2017 12.9% 2016 10.9% 2015 6.4% 2014 22.5% 2013 5.9% 2012 17.3% 2011 -0.6% 2010 9% Fund Manager information for ICICI Prudential MIP 25
Name Since Tenure Rajat Chandak 17 Feb 15 5.12 Yr. Manish Banthia 19 Sep 13 6.53 Yr. Priyanka Khandelwal 15 Jun 17 2.8 Yr. Data below for ICICI Prudential MIP 25 as on 30 Apr 20
Asset Allocation
Asset Class Value Cash 4% Equity 19.54% Debt 78.06% Equity Sector Allocation
Sector Value Financial Services 4.05% Consumer Cyclical 3.21% Consumer Defensive 2.69% Industrials 1.33% Basic Materials 1.23% Energy 1.18% Communication Services 1.03% Health Care 0.86% Technology 0.62% Debt Sector Allocation
Sector Value Corporate 61.38% Government 16.67% Cash Equivalent 4% Credit Quality
Rating Value A 22.32% AA 51.44% AAA 26.24% Top Securities Holdings / Portfolio
Name Holding Value Quantity Housing And Urban Development Corporation Ltd.
Debentures | -7% ₹108 Cr 1,000 Aqua Space Developers Pvt. Ltd.
Debentures | -6% ₹100 Cr 1,000 Essar Oil Limited
Debentures | -6% ₹97 Cr 100 Talwandi Sabo Power Limited
Debentures | -6% ₹97 Cr 1,000 GOVT STOCK
Sovereign Bonds | -5% ₹82 Cr 7,500,000 Tata Steel Limited
Debentures | -5% ₹77 Cr 490 Prestige Estates Projects Limited
Debentures | -5% ₹74 Cr 750 TMF HOLDINGS LIMITED
Debentures | -5% ₹74 Cr 700 IDBI Bank Limited
Debentures | -4% ₹67 Cr 694 EMBASSY OFFICE PARKS REIT
Debentures | -4% ₹63 Cr 600 2. Edelweiss Balanced Advantage Fund
CAGR/Annualized return of 8.3% since its launch. Ranked 26 in Dynamic Allocation category. Return for 2019 was 7.8% , 2018 was 1.9% and 2017 was 23.9% . Edelweiss Balanced Advantage Fund
Growth Launch Date 20 Aug 09 NAV (29 May 20) ₹23.55 ↑ 0.18 (0.77 %) Net Assets (Cr) ₹1,329 on 30 Apr 20 Category Hybrid - Dynamic Allocation AMC Edelweiss Asset Management Limited Rating ☆☆ Risk Moderately High Expense Ratio 2.33 Sharpe Ratio 0.01 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 500 Exit Load 0-365 Days (1%),365 Days and above(NIL) Growth of 10,000 investment over the years.
Date Value 30 Apr 15 ₹10,000 30 Apr 16 ₹9,812 30 Apr 17 ₹11,047 30 Apr 18 ₹12,319 30 Apr 19 ₹12,673 30 Apr 20 ₹12,925 Returns for Edelweiss Balanced Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 29 May 20 Duration Returns 1 Month -0.6% 3 Month -4.4% 6 Month -4.5% 1 Year -1.6% 3 Year 4.4% 5 Year 4.3% 10 Year 15 Year Since launch 8.3% Historical performance (Yearly) on absolute basis
Year Returns 2019 7.8% 2018 1.9% 2017 23.9% 2016 -1.5% 2015 3.7% 2014 29% 2013 9.4% 2012 12% 2011 -2.3% 2010 13.3% Fund Manager information for Edelweiss Balanced Advantage Fund
Name Since Tenure Gautam Kaul 11 Dec 17 2.3 Yr. Bhavesh Jain 3 Aug 15 4.66 Yr. Bharat Lahoti 18 Sep 17 2.54 Yr. Data below for Edelweiss Balanced Advantage Fund as on 30 Apr 20
Asset Allocation
Asset Class Value Cash 22.48% Equity 73.73% Debt 3.79% Equity Sector Allocation
Sector Value Financial Services 21.3% Consumer Defensive 10.03% Basic Materials 7.84% Health Care 7.79% Technology 6.95% Energy 5.45% Consumer Cyclical 4.68% Utility 3.47% Industrials 2.35% Communication Services 1.76% Debt Sector Allocation
Sector Value Cash Equivalent 13.53% Corporate 7.13% Government 5.61% Credit Quality
Rating Value AA 14.85% AAA 85.15% Top Securities Holdings / Portfolio
Name Holding Value Quantity Clearing Corporation Of India Ltd.
CBLO | -11% ₹143 Cr Indian Oil Corporation Limited
Commercial Paper | -6% ₹75 Cr 7,500,000
↑ 7,500,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 14 | RELIANCE5% ₹64 Cr 434,413 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 31 Jul 14 | 5006964% ₹56 Cr 255,193
↑ 176,412 Hdfc Bank Ltd.28/05/2020
Derivatives, Since 30 Apr 20 | -4% ₹55 Cr 554,500
↑ 554,500 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Mar 18 | HDFC4% ₹48 Cr 248,581 HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED
Commercial Paper | -3% ₹44 Cr 4,500,000 Nifty 28/05/2020
- | -3% -₹44 Cr 45,000
↑ 45,000 ITC Ltd (Consumer Defensive)
Equity, Since 31 Jul 15 | ITC3% ₹38 Cr 2,099,088 Dr Reddy's Laboratories Ltd (Healthcare)
Equity, Since 30 Jun 19 | 5001243% ₹37 Cr 94,056 3. Canara Robeco Equity Debt Allocation Fund
CAGR/Annualized return of 10.5% since its launch. Ranked 14 in Hybrid Equity category. Return for 2019 was 11.7% , 2018 was 1.3% and 2017 was 25.2% . Canara Robeco Equity Debt Allocation Fund
Growth Launch Date 1 Feb 93 NAV (29 May 20) ₹154.03 ↑ 0.88 (0.57 %) Net Assets (Cr) ₹2,912 on 30 Apr 20 Category Hybrid - Hybrid Equity AMC Canara Robeco Asset Management Co. Ltd. Rating ☆☆☆ Risk Moderately High Expense Ratio 2.31 Sharpe Ratio -0.12 Information Ratio 0.11 Alpha Ratio 2.85 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 30 Apr 15 ₹10,000 30 Apr 16 ₹10,085 30 Apr 17 ₹12,304 30 Apr 18 ₹13,690 30 Apr 19 ₹14,460 30 Apr 20 ₹14,249 Returns for Canara Robeco Equity Debt Allocation Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 29 May 20 Duration Returns 1 Month -0.1% 3 Month -9.2% 6 Month -7.5% 1 Year -4.6% 3 Year 4.3% 5 Year 6.5% 10 Year 15 Year Since launch 10.5% Historical performance (Yearly) on absolute basis
Year Returns 2019 11.7% 2018 1.3% 2017 25.2% 2016 3.6% 2015 6.1% 2014 45.7% 2013 4.1% 2012 26.4% 2011 -9.8% 2010 17.4% Fund Manager information for Canara Robeco Equity Debt Allocation Fund
Name Since Tenure Avnish Jain 7 Oct 13 6.49 Yr. Shridatta Bhandwaldar 12 Jul 16 3.72 Yr. Cheenu Gupta 1 Oct 19 0.5 Yr. Data below for Canara Robeco Equity Debt Allocation Fund as on 30 Apr 20
Asset Allocation
Asset Class Value Cash 7.54% Equity 69.43% Debt 22.81% Other 0.22% Equity Sector Allocation
Sector Value Financial Services 20.37% Consumer Defensive 7.53% Health Care 7.24% Basic Materials 7.08% Technology 6.47% Energy 6.26% Industrials 5.73% Consumer Cyclical 4.36% Communication Services 2.45% Utility 1.94% Debt Sector Allocation
Sector Value Corporate 15.25% Government 7.56% Cash Equivalent 7.54% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity Treps
CBLO/Reverse Repo | -7% ₹215 Cr HDFC Bank Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFCBANK5% ₹159 Cr 1,584,950
↓ -80,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 15 | RELIANCE5% ₹153 Cr 1,046,900
↑ 32,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 11 | ICICIBANK5% ₹139 Cr 3,653,600
↓ -250,000 Infosys Ltd (Technology)
Equity, Since 31 May 10 | INFY4% ₹109 Cr 1,520,472
↑ 45,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Apr 17 | HDFC3% ₹77 Cr 403,000
↓ -35,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Apr 19 | BHARTIARTL2% ₹71 Cr 1,389,640
↑ 225,000 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 31 Jul 17 | 5006962% ₹65 Cr 294,800
↓ -40,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Mar 18 | TCS2% ₹59 Cr 293,200
↑ 8,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | KOTAKBANK2% ₹59 Cr 434,256
↓ -140,000 4. SBI Equity Hybrid Fund
CAGR/Annualized return of 13.8% since its launch. Ranked 10 in Hybrid Equity category. Return for 2019 was 13.5% , 2018 was -0.1% and 2017 was 27.7% . SBI Equity Hybrid Fund
Growth Launch Date 19 Jan 05 NAV (29 May 20) ₹125.341 ↑ 1.10 (0.89 %) Net Assets (Cr) ₹29,106 on 30 Apr 20 Category Hybrid - Hybrid Equity AMC SBI Funds Management Private Limited Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.28 Sharpe Ratio -0.26 Information Ratio 0.08 Alpha Ratio -0.14 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 30 Apr 15 ₹10,000 30 Apr 16 ₹10,217 30 Apr 17 ₹11,734 30 Apr 18 ₹13,605 30 Apr 19 ₹14,285 30 Apr 20 ₹13,584 Returns for SBI Equity Hybrid Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 29 May 20 Duration Returns 1 Month -0.6% 3 Month -13.1% 6 Month -13.6% 1 Year -9% 3 Year 4.2% 5 Year 5.6% 10 Year 15 Year Since launch 13.8% Historical performance (Yearly) on absolute basis
Year Returns 2019 13.5% 2018 -0.1% 2017 27.7% 2016 3.7% 2015 7.4% 2014 43.2% 2013 11.9% 2012 35% 2011 -22.2% 2010 12.5% Fund Manager information for SBI Equity Hybrid Fund
Name Since Tenure R. Srinivasan 1 Jan 12 8.25 Yr. Dinesh Ahuja 1 Jan 12 8.25 Yr. Data below for SBI Equity Hybrid Fund as on 30 Apr 20
Asset Allocation
Asset Class Value Cash 4.93% Equity 72.57% Debt 22.5% Equity Sector Allocation
Sector Value Financial Services 27.34% Health Care 7.23% Industrials 6.7% Energy 6.3% Consumer Defensive 5.16% Consumer Cyclical 5.13% Communication Services 5.03% Basic Materials 4.11% Technology 3.54% Utility 2.04% Debt Sector Allocation
Sector Value Corporate 12.14% Government 10.09% Cash Equivalent 4.93% Securitized 0.27% Credit Quality
Rating Value A 15.27% AA 29.16% AAA 55.57% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 May 11 | HDFCBANK7% ₹2,104 Cr 21,000,000
↓ -2,000,000 Divi's Laboratories Ltd (Healthcare)
Equity, Since 30 Apr 16 | DIVISLAB4% ₹1,244 Cr 5,332,777
↓ -161,254 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 17 | BHARTIARTL4% ₹1,183 Cr 23,000,000
↓ -4,000,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | 5322154% ₹1,031 Cr 23,184,885
↓ -1,815,115 State Bank of India (Financial Services)
Equity, Since 28 Feb 14 | SBIN3% ₹953 Cr 50,000,000 Infosys Ltd (Technology)
Equity, Since 31 Dec 17 | INFY3% ₹952 Cr 13,300,000 ICICI Bank Ltd (Financial Services)
Equity, Since 28 Feb 17 | ICICIBANK3% ₹874 Cr 23,000,000 Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Sep 16 | 5000343% ₹765 Cr 3,300,000
↑ 300,000 Treps
CBLO/Reverse Repo | -3% ₹750 Cr Bharat Petroleum Corp Ltd (Energy)
Equity, Since 30 Jun 18 | 5005472% ₹703 Cr 19,000,000 5. L&T Dynamic Equity Fund
CAGR/Annualized return of 10% since its launch. Ranked 28 in Dynamic Allocation category. Return for 2019 was 8.2% , 2018 was 3.4% and 2017 was 11.4% . L&T Dynamic Equity Fund
Growth Launch Date 7 Feb 11 NAV (29 May 20) ₹24.315 ↑ 0.20 (0.84 %) Net Assets (Cr) ₹646 on 30 Apr 20 Category Hybrid - Dynamic Allocation AMC L&T Investment Management Ltd Rating ☆☆ Risk Moderately High Expense Ratio 2.66 Sharpe Ratio -0.08 Information Ratio 0 Alpha Ratio 0 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 30 Apr 15 ₹10,000 30 Apr 16 ₹9,792 30 Apr 17 ₹10,940 30 Apr 18 ₹11,846 30 Apr 19 ₹12,285 30 Apr 20 ₹12,370 Returns for L&T Dynamic Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 29 May 20 Duration Returns 1 Month 1.2% 3 Month -1.7% 6 Month -3.2% 1 Year -0.5% 3 Year 3.9% 5 Year 3.6% 10 Year 15 Year Since launch 10% Historical performance (Yearly) on absolute basis
Year Returns 2019 8.2% 2018 3.4% 2017 11.4% 2016 1.9% 2015 3.8% 2014 49.7% 2013 7.2% 2012 31.3% 2011 2010 Fund Manager information for L&T Dynamic Equity Fund
Name Since Tenure Venugopal Manghat 17 Dec 19 0.29 Yr. Jalpan Shah 30 May 16 3.84 Yr. Praveen Ayathan 1 Feb 16 4.17 Yr. Vihang Naik 17 Dec 19 0.29 Yr. Data below for L&T Dynamic Equity Fund as on 30 Apr 20
Asset Allocation
Asset Class Value Cash 25.37% Equity 63% Debt 11.63% Equity Sector Allocation
Sector Value Financial Services 26.48% Consumer Defensive 9.48% Technology 9.31% Health Care 7.26% Basic Materials 5.54% Industrials 4.94% Energy 3.47% Consumer Cyclical 2.72% Communication Services 2.19% Utility 1.91% Debt Sector Allocation
Sector Value Cash Equivalent 25.37% Government 11.63% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY5% ₹35 Cr 493,200
↓ -102,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 17 | HDFCBANK5% ₹34 Cr 342,500 Export-Import Bank Of India
Debentures | -4% ₹28 Cr 250 (C) Tri Party Repo Dealing System (Treps)
CBLO/Reverse Repo | -4% ₹28 Cr Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Aug 19 | KOTAKBANK4% ₹27 Cr 200,400
↑ 53,400 Reliance Industries Ltd (Energy)
Equity, Since 31 May 18 | RELIANCE4% ₹27 Cr 184,000 HDFC Life Insurance Co Ltd (Financial Services)
Equity, Since 31 Aug 19 | 5407774% ₹26 Cr 520,200 National Highways Authority Of India
Debentures | -4% ₹26 Cr 250 Torrent Pharmaceuticals Ltd (Healthcare)
Equity, Since 31 Mar 20 | TORNTPHARM3% ₹21 Cr 89,000
↑ 25,000 Rural Electrification Corporation Limited
Debentures | -3% ₹20 Cr 200 6. IDFC Dynamic Equity Fund
CAGR/Annualized return of 4.8% since its launch. Return for 2019 was 8.6% , 2018 was 1.3% and 2017 was 17.3% . IDFC Dynamic Equity Fund
Growth Launch Date 10 Oct 14 NAV (29 May 20) ₹13.02 ↑ 0.06 (0.46 %) Net Assets (Cr) ₹866 on 30 Apr 20 Category Hybrid - Dynamic Allocation AMC IDFC Asset Management Company Limited Rating Risk Moderately High Expense Ratio 2.36 Sharpe Ratio -0.06 Information Ratio 0 Alpha Ratio 0 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 30 Apr 15 ₹10,000 30 Apr 16 ₹10,084 30 Apr 17 ₹10,971 30 Apr 18 ₹12,413 30 Apr 19 ₹12,644 30 Apr 20 ₹12,578 Returns for IDFC Dynamic Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 29 May 20 Duration Returns 1 Month 0% 3 Month -8.1% 6 Month -7% 1 Year -3.1% 3 Year 3.5% 5 Year 4.1% 10 Year 15 Year Since launch 4.8% Historical performance (Yearly) on absolute basis
Year Returns 2019 8.6% 2018 1.3% 2017 17.3% 2016 3.4% 2015 1.5% 2014 2013 2012 2011 2010 Fund Manager information for IDFC Dynamic Equity Fund
Name Since Tenure Arpit Kapoor 1 Mar 17 3.09 Yr. Sumit Agrawal 1 Mar 17 3.09 Yr. Arvind Subramanian 9 Nov 15 4.4 Yr. Data below for IDFC Dynamic Equity Fund as on 30 Apr 20
Asset Allocation
Asset Class Value Cash 12.77% Equity 75.31% Debt 11.92% Equity Sector Allocation
Sector Value Financial Services 21.9% Health Care 9.23% Consumer Cyclical 7.17% Consumer Defensive 6.52% Technology 6.25% Basic Materials 5.7% Energy 4.78% Industrials 4.61% Communication Services 3.51% Utility 0.94% Debt Sector Allocation
Sector Value Corporate 11.8% Cash Equivalent 9.92% Government 2.97% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity Triparty Repo
CBLO/Reverse Repo | -6% ₹50 Cr HDFC Bank Ltd (Financial Services)
Equity, Since 31 Oct 14 | HDFCBANK5% ₹46 Cr 456,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 14 | RELIANCE5% ₹41 Cr 282,500
↑ 13,000 Cash Offset For Derivatives
Derivative Margin | -5% -₹41 Cr 4,055
↑ 4,055 Nifty 50 Index May 2020 Future
- | -5% ₹41 Cr 41,250
↑ 41,250 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 14 | ICICIBANK5% ₹40 Cr 1,050,000
↓ -50,000 Reliance Industries Limited
Debentures | -4% ₹37 Cr 3,500,000
↓ -1,500,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 19 | BHARTIARTL4% ₹30 Cr 590,000
↑ 164,270 Infosys Ltd (Technology)
Equity, Since 31 Oct 14 | INFY3% ₹29 Cr 400,000
↑ 30,000 INDIAN RAILWAY FINANCE CORPORATION LIMITED
Debentures | -3% ₹25 Cr 2,500,000 7. DSP BlackRock Dynamic Asset Allocation Fund
CAGR/Annualized return of 6.7% since its launch. Return for 2019 was 8.8% , 2018 was 3.6% and 2017 was 12.5% . DSP BlackRock Dynamic Asset Allocation Fund
Growth Launch Date 6 Feb 14 NAV (29 May 20) ₹15.096 ↑ 0.12 (0.79 %) Net Assets (Cr) ₹1,256 on 30 Apr 20 Category Hybrid - Dynamic Allocation AMC DSP BlackRock Invmt Managers Pvt. Ltd. Rating ☆ Risk Moderate Expense Ratio 2.5 Sharpe Ratio 0.04 Information Ratio -0.48 Alpha Ratio -19.13 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 30 Apr 15 ₹10,000 30 Apr 16 ₹10,421 30 Apr 17 ₹11,892 30 Apr 18 ₹12,501 30 Apr 19 ₹13,173 30 Apr 20 ₹13,462 Returns for DSP BlackRock Dynamic Asset Allocation Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 29 May 20 Duration Returns 1 Month -0.7% 3 Month -6.5% 6 Month -6.1% 1 Year -0.8% 3 Year 3.2% 5 Year 5.5% 10 Year 15 Year Since launch 6.7% Historical performance (Yearly) on absolute basis
Year Returns 2019 8.8% 2018 3.6% 2017 12.5% 2016 7.7% 2015 4.5% 2014 2013 2012 2011 2010 Fund Manager information for DSP BlackRock Dynamic Asset Allocation Fund
Name Since Tenure Atul Bhole 15 Feb 18 2.12 Yr. Saurabh Bhatia 15 Feb 18 2.12 Yr. Data below for DSP BlackRock Dynamic Asset Allocation Fund as on 30 Apr 20
Asset Allocation
Asset Class Value Cash 19.05% Equity 71.2% Debt 9.75% Equity Sector Allocation
Sector Value Financial Services 35.33% Basic Materials 11.28% Consumer Cyclical 6.96% Communication Services 5.61% Health Care 4.48% Industrials 3.9% Utility 2.01% Consumer Defensive 1.04% Technology 0.6% Debt Sector Allocation
Sector Value Cash Equivalent 19.05% Government 8.89% Corporate 0.86% Credit Quality
Rating Value AA 7.84% AAA 92.16% Top Securities Holdings / Portfolio
Name Holding Value Quantity Net Receivables/Payables
Net Current Assets | -9% ₹112 Cr Treps / Reverse Repo Investments / Corporate Debt Repo
CBLO/Reverse Repo | -6% ₹81 Cr ICICI Bank Ltd (Financial Services)
Equity, Since 28 Feb 18 | ICICIBANK6% ₹79 Cr 2,073,129
↓ -116,269 HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 18 | HDFCBANK6% ₹79 Cr 784,757
↓ -128,118 Bajaj Finance Ltd (Financial Services)
Equity, Since 28 Feb 18 | 5000346% ₹72 Cr 310,894
↓ -21,250 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 19 | BHARTIARTL6% ₹71 Cr 1,371,430
↓ -7,934 Bajaj Finserv Ltd (Financial Services)
Equity, Since 31 Jul 19 | 5329785% ₹66 Cr 129,119
↑ 24,092 UltraTech Cement Ltd (Basic Materials)
Equity, Since 28 Feb 18 | ULTRACEMCO3% ₹44 Cr 123,677 ICICI Lombard General Insurance Co Ltd (Financial Services)
Equity, Since 31 Dec 18 | 5407163% ₹42 Cr 323,835
↑ 147,114 Coromandel International Ltd (Basic Materials)
Equity, Since 31 Jan 20 | 5063953% ₹36 Cr 601,428 8. ICICI Prudential Balanced Advantage Fund
CAGR/Annualized return of 9.4% since its launch. Ranked 18 in Dynamic Allocation category. Return for 2019 was 10.8% , 2018 was 2.4% and 2017 was 19% . ICICI Prudential Balanced Advantage Fund
Growth Launch Date 30 Dec 06 NAV (29 May 20) ₹33.47 ↑ 0.25 (0.75 %) Net Assets (Cr) ₹24,834 on 30 Apr 20 Category Hybrid - Dynamic Allocation AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 2.08 Sharpe Ratio -0.3 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 100 Exit Load 0-18 Months (1%),18 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value 30 Apr 15 ₹10,000 30 Apr 16 ₹10,463 30 Apr 17 ₹12,213 30 Apr 18 ₹13,496 30 Apr 19 ₹14,207 30 Apr 20 ₹13,392 Returns for ICICI Prudential Balanced Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 29 May 20 Duration Returns 1 Month 2.1% 3 Month -9.3% 6 Month -11.5% 1 Year -7% 3 Year 3% 5 Year 5.4% 10 Year 15 Year Since launch 9.4% Historical performance (Yearly) on absolute basis
Year Returns 2019 10.8% 2018 2.4% 2017 19% 2016 7.3% 2015 6.7% 2014 29% 2013 10.9% 2012 33.3% 2011 -8.8% 2010 15.2% Fund Manager information for ICICI Prudential Balanced Advantage Fund
Name Since Tenure Sankaran Naren 14 Jul 17 2.8 Yr. Rajat Chandak 7 Sep 15 4.65 Yr. Manish Banthia 18 Nov 09 10.46 Yr. Ihab Dalwai 29 Jan 18 2.25 Yr. Priyanka Khandelwal 15 Jun 17 2.88 Yr. Data below for ICICI Prudential Balanced Advantage Fund as on 30 Apr 20
Asset Allocation
Asset Class Value Cash 4.75% Equity 67.56% Debt 27.41% Other 0.28% Equity Sector Allocation
Sector Value Financial Services 19.57% Consumer Cyclical 10.31% Energy 6.93% Consumer Defensive 6.73% Technology 5.99% Communication Services 3.99% Health Care 3.85% Basic Materials 3.53% Utility 3.16% Industrials 3.07% Real Estate 0.45% Debt Sector Allocation
Sector Value Corporate 25.7% Cash Equivalent 3.6% Government 2.86% Credit Quality
Rating Value A 5.53% AA 73.82% AAA 20.66% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 08 | RELIANCE5% ₹1,297 Cr 8,845,616
↓ -34,355 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 12 | HDFCBANK5% ₹1,234 Cr 12,319,841
↑ 600,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 12 | ICICIBANK4% ₹946 Cr 24,897,419 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 15 | BHARTIARTL3% ₹684 Cr 13,297,794
↑ 181,554 Infosys Ltd (Technology)
Equity, Since 31 Dec 08 | INFY3% ₹679 Cr 9,486,633
↓ -547,177 Treps
CBLO/Reverse Repo | -3% ₹642 Cr NTPC Ltd (Utilities)
Equity, Since 31 Aug 14 | 5325552% ₹610 Cr 64,133,602
↑ 211,341 Axis Bank Limited
Debentures | -2% ₹607 Cr 6,300
↑ 600 Motherson Sumi Systems Ltd (Consumer Cyclical)
Equity, Since 31 Jul 11 | MOTHERSUMI2% ₹579 Cr 66,183,257
↓ -2,500,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Jun 15 | KOTAKBANK2% ₹559 Cr 4,117,187
↑ 627,340
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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