Hybrid Mutual Fund – Best Hybrid Mutual Fund

The below table shows a list Of the Hybrid Mutual Fund – Best Hybrid Mutual Funds Based on AUM, NAV and minimum SIP.

Name	AUM (Cr)	NAV (Rs)	Minimum SIP (Rs)
SBI Equity Hybrid Fund	71495.31	305.72	5000
ICICI Pru Equity & Debt Fund	39090.93	414.02	100
HDFC Hybrid Equity Fund	24596.01	123.89	2500
Canara Rob Equity Hybrid Fund	11002.30	393.37	100
DSP Equity & Bond Fund	10093.56	379.44	100
SBI Conservative Hybrid Fund	9995.52	75.27	1500
Mirae Asset Aggressive Hybrid Fund	9294.49	36.27	100
Aditya Birla SL Equity Hybrid ’95 Fund	7842.49	1658.66	100
Kotak Equity Hybrid Fund	6355.01	70.93	100
HSBC Aggressive Hybrid Fund	5893.06	62.30	1500

Introduction To Top Hybrid Mutual Funds

SBI Equity Hybrid Fund  

SBI Equity Hybrid Fund is an Aggressive Hybrid mutual fund scheme from SBI Mutual Fund. This fund is operational for 11 years and 8 months and was launched on January 1, 2013.

SBI Equity Hybrid Fund falls under the Aggressive Hybrid Fund category with an AUM of ₹71,495.31 crores, a 5-year CAGR of 16.90%, an exit load of 1% and an expense ratio of 0.73%. The SEBI risk category is Very High. Its asset allocation includes 72.63% in Equity, 11.62% in Government Securities, 9.06% in Corporate Debt, 3.77% in Cash & Equivalents and 2.92% in Others.

ICICI Prudential Equity & Debt Fund  

ICICI Prudential Equity & Debt Fund is an Aggressive Hybrid mutual fund scheme from ICICI Prudential Mutual Fund. This fund is operational for 11 years and 7 months and was launched on January 1, 2013.

ICICI Prudential Equity & Debt Fund falls under the Aggressive Hybrid Fund category with an AUM of ₹39,090.93 crores, a 5-year CAGR of 24.97%, an exit load of 1% and an expense ratio of 0.99%. The SEBI risk category is Very High. Its asset allocation includes 69.92% in Equity, 8.30% in Corporate Debt, 7.94% in Cash & Equivalents, 7.87% in Government Securities and 5.97% in Others.

HDFC Hybrid Equity Fund  

HDFC Hybrid Equity Fund is an Aggressive Hybrid mutual fund scheme from HDFC Mutual Fund. This fund has been operational for 11 years and 8 months, and it was launched on January 1, 2013.

HDFC Hybrid Equity Fund falls under the Aggressive Hybrid Fund category with an AUM of ₹24,596.01 crores, a 5-year CAGR of 18.38%, an exit load of 1% and an expense ratio of 1.02%. The SEBI risk category is Very High. Its asset allocation includes 68.21% in Equity, 19.28% in Corporate Debt, 7.82% in Government Securities, 1.46% in Cash & Equivalents and 3.23% in Others.

Canara Robeco Equity Hybrid Fund  

Canara Robeco Equity Hybrid Fund is an Aggressive Hybrid mutual fund scheme from Canara Robeco Mutual Fund. This fund is operational for 11 years and 8 months and was launched on January 1, 2013.

Canara Robeco Equity Hybrid Fund falls under the Aggressive Hybrid Fund category with an AUM of ₹11,002.30 crores, a 5-year CAGR of 19.66%, an exit load of 1% and an expense ratio of 0.56%. The SEBI risk category is Very High. Its asset allocation includes 73.08% in Equity, 11.75% in Government Securities, 11.10% in Corporate Debt, 0.22% in Cash & Equivalents and 3.85% in Others.

DSP Equity & Bond Fund  

DSP Equity & Bond Fund is an Aggressive Hybrid mutual fund scheme from DSP Mutual Fund. This fund was operational for 11 years and 8 months and was launched on January 1, 2013.

DSP Equity & Bond Fund falls under the Aggressive Hybrid Fund category with an AUM of ₹10,093.56 crores, a 5-year CAGR of 19.45%, an exit load of 1% and an expense ratio of 0.68%. The SEBI risk category is Very High. Its asset allocation includes 70.41% in Equity, 17.05% in Corporate Debt, 10.48% in Government Securities, 1.35% in Cash & Equivalents and 0.71% in Others.

SBI Conservative Hybrid Fund  

SBI Conservative Hybrid Fund is a Conservative Hybrid mutual fund scheme from SBI Mutual Fund. This fund was operational for 11 years and 8 months and was launched on January 1, 2013.

SBI Conservative Hybrid Fund falls under the Conservative Hybrid Fund category with an AUM of ₹9,995.52 crores, a 5-year CAGR of 12.46%, an exit load of 1% and an expense ratio of 0.62%. The SEBI risk category is High. Its asset allocation includes 51.94% in Corporate Debt, 24.21% in Equity, 18.77% in Government Securities, 2.83% in Cash & Equivalents and 2.25% in Others.

Mirae Asset Aggressive Hybrid Fund  

Mirae Asset Aggressive Hybrid Fund is an Aggressive Hybrid mutual fund scheme from Mirae Asset Mutual Fund. This fund was operational for 9 years and 1 month and was launched on July 29, 2015.

Mirae Asset Aggressive Hybrid Fund falls under the Aggressive Hybrid Fund category with an AUM of ₹9,294.49 crores, a 5-year CAGR of 18.88%, an exit load of 1% and an expense ratio of 0.39%. The SEBI risk category is Very High. Its asset allocation includes 73.66% in Equity, 13.54% in Corporate Debt, 7.38% in Government Securities, 3.46% in Cash & Equivalents and 2.96% in Others.

Aditya Birla Sun Life Equity Hybrid ’95 Fund  

Aditya Birla Sun Life Equity Hybrid ’95 Fund is an Aggressive Hybrid mutual fund scheme from Aditya Birla Sun Life Mutual Fund. This fund was operational for 11 years and 8 months and was launched on January 1, 2013.

Aditya Birla Sun Life Equity Hybrid ’95 Fund falls under the Aggressive Hybrid Fund category with an AUM of ₹7,842.49 crores, a 5-year CAGR of 16.99%, an exit load of 1% and an expense ratio of 1.06%. The SEBI risk category is Very High. Its asset allocation includes 76.62% in Equity, 10.63% in Corporate Debt, 8.20% in Government Securities, 2.81% in Cash & Equivalents and 1.74% in Others.

Kotak Equity Hybrid Fund  

Kotak Equity Hybrid Fund is an Aggressive Hybrid mutual fund scheme from Kotak Mahindra Mutual Fund. This fund has been operational for 9 years and 10 months, having been launched on November 1, 2014.

Kotak Equity Hybrid Fund falls under the Aggressive Hybrid Fund category with an AUM of ₹6,355.01 crores, a 5-year CAGR of 22.47%, an exit load of 1% and an expense ratio of 0.44%. The SEBI risk category is Very High. Its asset allocation includes 73.62% in Equity, 18.70% in Government Securities, 4.41% in Corporate Debt, 3.18% in Cash & Equivalents and 0.09% in Others.

HSBC Aggressive Hybrid Fund  

HSBC Aggressive Hybrid Fund is an Aggressive Hybrid mutual fund scheme from HSBC Mutual Fund. This fund was operational for 11 years and 8 months and was launched on January 1, 2013.

HSBC Aggressive Hybrid Fund falls under the Aggressive Hybrid Fund category with an AUM of ₹5,893.06 crores, a 5-year CAGR of 18.43%, an exit load of 1% and an expense ratio of 0.81%. The SEBI risk category is Very High. Its asset allocation includes 75.86% in Equity, 10.96% in Government Securities, 9.83% in Corporate Debt, 3.35% in Cash & Equivalents and 0.09% in Others.

What Is a Hybrid Mutual Fund?

A Hybrid Mutual Fund is a type of mutual fund that invests in a mix of asset classes, typically combining equities and fixed-income securities. These funds aim to provide investors with the benefits of both growth potential from stocks and stability from bonds, offering a balanced approach to investing.

Hybrid funds can vary in their allocation between equity and debt, depending on the fund’s specific strategy and market conditions. This flexibility allows fund managers to adjust the portfolio based on their market outlook and risk management considerations.

These funds are designed to provide diversification within a single investment vehicle, potentially offering smoother returns compared to pure equity or debt funds. They can be suitable for investors seeking a balance between growth and income.

Features Of Best Hybrid Mutual Fund

The main features of the best Hybrid Mutual Funds include balanced asset allocation, diversification, professional management, flexibility and the potential for moderate returns with managed risk. These funds offer a comprehensive investment solution for investors seeking a mix of growth and stability.

• Balanced asset allocation: Hybrid funds invest in both equity and debt instruments, providing a balance between growth potential and income stability.

• Diversification: These funds offer inherent diversification across asset classes, potentially reducing overall portfolio risk.

• Professional management: Experienced fund managers actively manage the portfolio, adjusting allocations based on market conditions and economic outlook.

• Flexibility: Hybrid funds can adjust their equity-debt mix within predefined limits, allowing them to adapt to changing market scenarios.

Top Hybrid Mutual Funds In India Based On Expense Ratio

The table below shows the top Hybrid Mutual Funds In India Based On Expense ratios based on the lowest to highest expense ratio.

Name	Expense Ratio (%)	Minimum SIP (Rs)
Mirae Asset Aggressive Hybrid Fund	0.39	100
Kotak Equity Hybrid Fund	0.44	100
Canara Rob Equity Hybrid Fund	0.56	100
SBI Conservative Hybrid Fund	0.62	1500
DSP Equity & Bond Fund	0.68	100
SBI Equity Hybrid Fund	0.73	5000
HSBC Aggressive Hybrid Fund	0.81	1500
ICICI Pru Equity & Debt Fund	0.99	100
HDFC Hybrid Equity Fund	1.02	2500
Aditya Birla SL Equity Hybrid ’95 Fund	1.06	100

Best Hybrid Mutual Fund Based On 3Y CAGR

The table below shows the Best Hybrid Mutual Fund Based On 3Y CAGR based on the Highest 3Y CAGR.

Name	CAGR 3Y (Cr)	Minimum SIP (Rs)
ICICI Pru Equity & Debt Fund	25.24	100
Kotak Equity Hybrid Fund	19.78	100
HSBC Aggressive Hybrid Fund	17.25	1500
HDFC Hybrid Equity Fund	16.33	2500
Mirae Asset Aggressive Hybrid Fund	15.88	100
Canara Rob Equity Hybrid Fund	15.64	100
DSP Equity & Bond Fund	15.61	100
Aditya Birla SL Equity Hybrid ’95 Fund	14.18	100
SBI Equity Hybrid Fund	14.05	5000
SBI Conservative Hybrid Fund	11.61	1500

Top Hybrid Mutual Funds Based On Exit Load

The table below shows the Top Hybrid Mutual Funds Based On Exit Load, i.e., the fee that the AMC charges investors when they exit or redeem their fund units.

Name	AMC	Exit Load (%)
ICICI Pru Equity & Debt Fund	ICICI Prudential Asset Management Company Limited	1
Kotak Equity Hybrid Fund	Kotak Mahindra Asset Management Company Limited	1
HSBC Aggressive Hybrid Fund	HSBC Global Asset Management (India) Private Limited	1
HDFC Hybrid Equity Fund	HDFC Asset Management Company Limited	1
Mirae Asset Aggressive Hybrid Fund	Mirae Asset Investment Managers (India) Private Limited	1
Canara Rob Equity Hybrid Fund	Canara Robeco Asset Management Company Limited	1
DSP Equity & Bond Fund	DSP Investment Managers Private Limited	1
Aditya Birla SL Equity Hybrid ’95 Fund	Aditya Birla Sun Life AMC Limited	1
SBI Equity Hybrid Fund	SBI Funds Management Limited	1
SBI Conservative Hybrid Fund	SBI Funds Management Limited	1

Hybrid Mutual Funds Returns

The table below shows Hybrid Mutual Funds Returns Based on 1Y return.

Name	Absolute Returns  1Y (%)	Minimum SIP (Rs)
ICICI Pru Equity & Debt Fund	37.81	100
HSBC Aggressive Hybrid Fund	35.61	1500
Kotak Equity Hybrid Fund	34.62	100
DSP Equity & Bond Fund	31.35	100
Canara Rob Equity Hybrid Fund	30.56	100
Aditya Birla SL Equity Hybrid ’95 Fund	29.61	100
Mirae Asset Aggressive Hybrid Fund	28.68	100
SBI Equity Hybrid Fund	26.59	5000
HDFC Hybrid Equity Fund	23.23	2500
SBI Conservative Hybrid Fund	15.24	1500

Historical Performance Of Hybrid Mutual Fund

The table below shows Historical Performance Of Hybrid Mutual Funds Based on 5Y return

Name	CAGR 5Y (Cr)	Minimum SIP (Rs)
ICICI Pru Equity & Debt Fund	24.97	100
Kotak Equity Hybrid Fund	22.47	100
Canara Rob Equity Hybrid Fund	19.66	100
DSP Equity & Bond Fund	19.45	100
Mirae Asset Aggressive Hybrid Fund	18.88	100
HSBC Aggressive Hybrid Fund	18.43	1500
HDFC Hybrid Equity Fund	18.38	2500
Aditya Birla SL Equity Hybrid ’95 Fund	16.99	100
SBI Equity Hybrid Fund	16.90	5000
SBI Conservative Hybrid Fund	12.46	1500

Factors To Consider When Investing In Hybrid Mutual Funds

When investing in Hybrid Mutual Funds, consider the fund’s asset allocation, historical performance, expense ratio, fund manager expertise and risk tolerance. Also, evaluate the fund’s investment strategy and how it aligns with your financial goals.

• Asset allocation: Examine the fund’s equity-debt mix and ensure it aligns with your risk appetite and investment objectives.

• Historical performance: Analyze the fund’s returns over various periods and compare them with its benchmark and category average.

• Expense ratio: Compare expense ratios across different hybrid funds. Lower expenses can contribute to better overall returns.

• Fund manager expertise: Evaluate the fund manager’s experience and track record in managing hybrid funds.

• Investment strategy: Understand the fund’s approach to asset allocation and security selection. Ensure it aligns with your investment philosophy.

How To Invest In Top Hybrid Mutual Funds?

To invest in top Hybrid Mutual Funds, start by researching and comparing different funds based on their performance, asset allocation and investment strategy. Once you’ve selected a fund that aligns with your financial goals and risk tolerance, you can invest through Alice Blue.

Alice Blue is a user-friendly online investment platform that provides tools and resources to help you make informed investment decisions. You can choose to invest a lump sum amount or opt for a Systematic Investment Plan (SIP), which allows you to invest a fixed amount regularly.

For most investors, a SIP is recommended as it helps in rupee cost averaging and reduces the impact of market volatility on your investment over time. Remember to review and rebalance your investment periodically to ensure it remains aligned with your financial goals.

Impact Of Market Trends On Hybrid Mutual Funds

Market trends significantly influence Hybrid Mutual Funds due to their mixed portfolio of equity and debt instruments. During bullish equity markets, the equity component of these funds tends to drive performance, while in bearish markets, the debt portion provides stability.

The fund manager’s ability to adjust the asset allocation based on market trends can impact returns. Economic factors, interest rate movements, and sector-specific trends all play a role in shaping the performance of Hybrid Mutual Funds, affecting both their equity and debt components.

How Does Hybrid Mutual Funds Perform In Volatile Markets?

Hybrid Mutual Funds generally demonstrate more stability during volatile markets compared to pure equity funds, due to their balanced portfolio structure. The debt component of these funds acts as a cushion, potentially mitigating losses during equity market downturns.

However, their performance can still be affected by market volatility, especially in the equity portion of the portfolio. The extent of the impact depends on the fund’s specific equity-debt allocation and the fund manager’s ability to navigate market fluctuations through timely asset allocation adjustments.

Advantages Of Hybrid Mutual Funds

The main advantages of Hybrid Mutual Funds include a balanced risk-return profile, diversification, professional management and flexibility. These funds offer a comprehensive investment solution for investors seeking a mix of growth and stability within a single investment vehicle.

• Balanced risk-return profile: Hybrid funds aim to provide a balance between the growth potential of equities and the stability of debt instruments.

• Diversification: These funds offer inherent diversification across asset classes, potentially reducing overall portfolio risk.

• Professional management: Experienced fund managers actively manage the portfolio, adjusting allocations based on market conditions and economic outlook.

• Flexibility: Hybrid funds can adjust their equity-debt mix within predefined limits, allowing them to adapt to changing market scenarios.

What Are The Disadvantages Of Hybrid Mutual Funds?

The main disadvantages of Hybrid Mutual Funds include the potential for lower returns compared to pure equity funds, complexity in performance evaluation, higher expense ratios and the risk of underperformance in strongly trending markets. These factors should be considered when investing in hybrid funds.

• Lower return potential: Compared to pure equity funds, hybrid funds may offer lower returns during strong bull markets due to their debt component.

• Complexity: The mixed portfolio can make it challenging for investors to evaluate performance against a single benchmark.

• Higher expenses: Hybrid funds may have higher expense ratios compared to pure equity or debt funds due to their more complex management.

• Underperformance risk: In strongly trending markets (either bullish or bearish), hybrid funds may underperform compared to pure equity or debt funds.

Contribution Of Hybrid Mutual Funds To Portfolio Diversification

Hybrid Mutual Funds contribute significantly to portfolio diversification by offering exposure to both equity and debt instruments within a single investment. This built-in diversification can help balance risk and potentially smooth out returns, especially during periods of market volatility.

By including Hybrid Mutual Funds in a portfolio, investors can achieve a level of asset allocation without having to manually balance multiple funds. This can be particularly beneficial for investors who prefer a simpler approach to diversification or those who are new to investing and seeking a balanced starting point.

Who Should Invest In Hybrid Mutual Funds?

Hybrid Mutual Funds are suitable for investors seeking a balance between growth and stability in their investment portfolio. They are ideal for moderate-risk investors, first-time investors looking for a diversified starting point and those who want professional management of their asset allocation.

These funds can be appropriate for investors with a medium to long-term investment horizon, typically 3-5 years or more. They can also be suitable for conservative investors who want some equity exposure without the full risk of pure equity funds or for those looking to transition from debt to equity investments gradually.

Impact Of Manager Expertise On Hybrid Mutual Funds Performance

The expertise of the fund manager plays a crucial role in the performance of Hybrid Mutual Funds. A skilled manager can add significant value through effective asset allocation decisions, security selection in both equity and debt portions and timely adjustments based on market conditions.

The manager’s ability to analyze both equity and fixed-income markets is vital for hybrid funds. Their expertise in balancing risk and return across asset classes, sector allocation within equities and duration management in the debt portion can greatly influence the fund’s overall performance and risk-adjusted returns.

Types Of Corporate Bonds

The main types of corporate bonds include secured bonds, which are backed by specific assets, and unsecured bonds, which rely on the company’s creditworthiness. Other types include convertible bonds that can be converted into shares, and callable bonds, allowing companies to redeem early.

• Secured Bonds: These bonds are backed by specific company assets, such as property or equipment, which serve as collateral. In the event of a default, investors have a claim on these assets, making secured bonds relatively safer and less risky compared to unsecured bonds.

• Unsecured Bonds: Also known as debentures, these bonds are not backed by any collateral and rely solely on the company’s creditworthiness. If the company defaults, bondholders have no claim to specific assets, making these bonds riskier but potentially offering higher returns.

• Convertible Bonds: These bonds provide the option for investors to convert them into a predetermined number of company shares at a future date. This feature allows investors to benefit from equity growth if the company performs well while still earning fixed interest until conversion.

• Callable Bonds: Callable bonds give companies the right to redeem the bonds before their maturity date, typically at a premium price. Companies may do this when interest rates drop, allowing them to refinance their debt at a lower cost, but it introduces reinvestment risk for investors.

• Fixed-rate Bonds: These bonds pay a consistent and predetermined interest rate throughout the life of the bond. Fixed-rate bonds are attractive to investors looking for stable income, but they may be less appealing if inflation or market interest rates rise significantly.

• Floating-rate Bonds: Unlike fixed-rate bonds, floating-rate bonds have interest rates that are adjusted periodically, often linked to benchmarks like LIBOR or the U.S. Treasury rate. This makes them a good choice for investors looking to hedge against rising interest rates.

FAQs – Best Hybrid Mutual Funds  

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Disclaimer: The above article is written for educational purposes and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.