Top Hybrid Funds by Lump Sum Investment Return: 7 schemes have turned Rs 5 lakh into at least Rs 12 lakh in 5 years; are you invested in any of these schemes?
Top-performing Hybrid Mutual Funds: Do you know about hybrid mutual funds? These are special MF schemes that park their funds in a combination of equity- and debt-based securities, sometimes also including other asset classes like commodities and even real estate. Here is a list of 7 hybrid funds that have rewarded investors handsomely over the past 5 years, as per AMFI data.
7 Top-performing Hybrid Funds: Do you know about hybrid funds? As a special kind of mutual funds, hybrid funds invest in a combination of equity- and debt-based securities, sometimes also including asset classes like commodities and real estate. The idea is simple: to strike a balance between risk and returns. Let’s look at 7 top-performing hybrid mutual funds by lump sum investment returns in the past 5 years, as of January 14, according to data from industry body AMFI. These funds have delivered annualised returns to the tune of 20-28 per cent, turning every Rs 5 lakh of investment into an estimated Rs 12.4 lakh-17.3 lakh.
Read on to learn more about these 7 top-performing hybrid MF schemes.
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Take a look at the 7 top-performing hybrid funds
These funds are: Quant Multi Asset Fund (delivering an annualised 28.18 per cent return in 5 years), Bank of India Mid & Small Cap Equity & Debt Fund (25.46 per cent), JM Aggressive Hybrid Fund (24.06 per cent), Quant Absolute Fund (23.61 per cent), ICICI Prudential Equity & Debt Fund (20.8 per cent), ICICI Prudential Multi Asset Fund (20.47 per cent) and Mahindra Manulife Aggressive Hybrid Fund (19.9 per cent).
Which types of hybrid funds are among the top performers?
While Quant Multi Asset Fund and ICICI Prudential Multi Asset Fund are multi asset allocation schemes, the remaining 5 are aggressive hybrid funds.
What are multi asset and aggressive hybrid funds?
Aggressive mutual funds invest 65-80 per cent of their total assets in equity and equity-related instruments, and the remainder in debt securities and related instruments.
With a focus on asset diversification, multi-asset allocation funds give at least 10 per cent allocation each to three or more asset classes such as equities, debt, commodities and real estate.
Now, let’s take a closer look at returns.
Quant Multi Asset Fund
This scheme has delivered an annualised return of 28.18 per cent in 5 years.
To put it into perspective, a 28.18 per cent return means that a Rs 5 lakh lump sum investment 5 years ago would be worth Rs 17.3 lakh now, calculations show.
Bank of India Mid & Small Cap Equity & Debt Fund
This MF scheme has given an annualised 25.46 per cent return in 5 years, essentially taking a Rs 5 lakh one-time investment to Rs 15.54 lakh, as per calculations.
JM Aggressive Hybrid Fund
This fund has given an annualised return of 14,69,363 per cent in 5 years. It has taken a Rs 5 lakh one-time investment to Rs 14.69 lakh.
Quant Absolute Fund
This scheme has delivered a 23.61 per cent annualised return in 5 years, taking a Rs 5 lakh investment to Rs 14.43 lakh.
ICICI Prudential Equity & Debt Fund
In 5 years, this fund has delivered an annualised return of 20.8 per cent.
In other words, a Rs 5 lakh investment in this scheme has grown to Rs 12.86 lakh during this period.
ICICI Prudential Multi Asset Fund
This scheme has delivered an annualised 20.47 per cent return to investors.
A Rs 5 lakh lump sum investment made 5 years ago is worth an estimated Rs 12.69 lakh today.
Mahindra Manulife Aggressive Hybrid Fund
This MF scheme has given an annualised return of 19.9 per cent in 5 years, taking a Rs 5 lakh one-time investment to Rs 12.39 lakh, calculations show.
Annualised Returns
These 7 funds have delivered annualised returns ranging from 19.9 per cent to 28.18 per cent during the 5-year period, according to AMFI data.
Return Estimates
These annualised returns mean that a Rs 1 lakh investment has grown to approximately Rs 2.48-3.46 lakh in 5 years, calculations show.