scorecardresearchBest aggressive hybrid funds 2023: 4 schemes that gave over 12% CAGR in

Best aggressive hybrid funds 2023: 4 schemes that gave over 12% CAGR in 5 years

Updated: 19 Jul 2023, 12:51 PM IST
TL;DR.

Aggressive hybrid funds invest 65 to 80 percent of their total portfolio in equity and equity-related instruments, and the remaining 20 to 35 percent in debt instruments.

Top performing aggressive hybrid mutual funds have given an annualised return of 13 to 19 percent

Top performing aggressive hybrid mutual funds have given an annualised return of 13 to 19 percent

Before investing in a mutual fund, investors tend to weigh a number of factors such as the fund’s category, reputation of fund house, macro-economic conditions and importantly – the past returns delivered by the scheme.

Here we give a lowdown on aggressive hybrid mutual funds and the returns they gave in the past five years.

Before proceeding further, however, let us understand what exactly are aggressive hybrid mutual funds.

What are aggressive mutual funds?

Aggressive hybrid funds refer to a category of equity mutual funds, which invest anywhere between 65 to 80 percent of their portfolio in equity and equity-related instruments, while the remaining 20 to 35 percent in debt instruments.

There are a total of seven sub-categories of hybrid mutual funds. Others sub-categories are balanced hybrid funds, conservative hybrid, dynamic asset allocation, multi asset allocation, arbitrage fund and equity savings funds.

Top performing aggressive mutual funds

In the past five years, some of the top-performing aggressive hybrid mutual funds gave an annualised return of 13 to 19 percent.

As we can see in the table below, highest returns in this category were given by Quant Absolute Fund, delivering an annualised return of 19.58 percent in the past five years, shows the AMFI (Association of Mutual Funds in India) data as on July 14, 2023.

Other aggressive hybrid schemes that gave high annualised returns were ICICI Prudential Equity & Debt Fund, Kotak Equity Hybrid and Baroda BNP Paribas Aggressive Fund.

Hybrid mutual funds5-year returns (%)
Quant Absolute Fund19.58
ICICI Prudential Equity & Debt Fund16.37
Kotak Equity Hybrid Fund13.43
Baroda BNP Paribas Aggressive Hybrid Fund13.11

(Source: AMFI, data as on July 14, 2023)

Now we give a snapshot of high-performing hybrid mutual funds:

Quant Absolute Fund: This was launched on Feb 19, 2001. It has given an annualised return of 16.79 percent. The fund is managed by Sanjeev Sharma, Vasav Sahgal and Ankit A Pande.

The key constituents in the scheme are RIL, HDFC Bank, Ultratech Cement, SBI, NTPC, LTI Mindtree, DLF and Dr Reddys Labs.

ICICI Prudential Equity & Debt Fund: This was launched on Nov 3, 1999, and has delivered an annualised return of 14.83 percent since inception. Minimum investment in the scheme is 5,000. The fund is managed by Sankaran Naren, Manish Banthia, Mittul Kalawadia, Nikhil Kabra, Sri Sharma and Sharmila D’mello.

The key constituents of the fund are NTPC, ICICI Bank, Bharti Airtel, ONGC, RIL, Infosys and Tata Motors DVR.

Kotak Equity Hybrid Fund: It was launched on Nov 3, 2014 and the fund is managed by Pankaj Tibrewal, Abhishek Bisen and Arjun Khanna.

The scheme has given an annualised return of 11.43 percent since inception.

The key constituent stocks in the scheme are ICICI Bank, HDFC Bank, Triparty Repo, Infosys, Larsen & Toubro and SBI.

Baroda BNP Paribas Aggressive Hybrid Fund: It was launched on April 7, 2017 and has given an annualised return of 12.27 percent since inception.

The key constituents in the fund are HDFC Bank, ICICI Bank, RIL, Larsen & Toubro, ITC, TCS, Infosys, Tata Capital Financial Services, Embassy Office Parks REIT and Muthoot Finance.

 

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