Top 3 Best Performing Hybrid: Aggressive Mutual Fund Schemes in Last 5 Years
Top-performing hybrid aggressive mutual funds offer a balanced approach, providing stability in volatile markets with impressive long-term returns.
Hybrid mutual funds, which invest in both equity and debt, perform well in uncertain or volatile markets. Experts believe that cautious investing will be important in the coming year. Aggressive Hybrid Funds, a popular category, invest 65-80 per cent in stocks and 20-35 per cent in debt, as per Sebi guidelines. This balanced approach helps reduce the impact of stock market fluctuations, as the debt portion provides stability when equities are volatile. This makes these funds a good choice for new investors, allowing them to continue investing without being overly concerned about market ups and downs.
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Following are the top 3 hybrid aggressive funds in the last 5 years:
|
Scheme Name
|
AUM (Crore)
|
TER (Per cent)
|
1 Year (in Per cent)
|
3 Years (in Per cent)
|
5 Years (in Per cent)
|
|
Bank of India Mid & Small Cap Equity & Debt
|
1,000.31
|
2.26
|
37.24
|
18.66
|
26.71
|
|
JM Aggressive Hybrid
|
647.06
|
2.28
|
43.02
|
21.61
|
25.84
|
|
Quant Absolute Fund
|
2,370.08
|
1.99
|
32.48
|
15.48
|
25.02
|
Source: advisorkhoj.com, data as of October 21, 2024.
BANK OF INDIA MID & SMALL CAP EQUITY & DEBT, formerly known as BOI AXA Mid Cap Equity & Debt Fund, is a hybrid aggressive fund launched on July 5, 2016, by Bank of India Mutual Fund. It follows a mixed asset class approach with benchmarks CRISIL Short-Term Bond TRI and NIFTY Mid Small Cap 400 TRI. The total expense ratio is 2.26 per cent as of September 30, 2024. The minimum investment is Rs 5,000, with a top-up requirement of Rs 1,000.
As of September 30, 2024, the fund has total assets of Rs 1,000.31 crore and a turnover of 123 per cent. An exit load of 1 per cent applies if redeemed within three months. The NAV as of October 21, 2024, is Rs 38.44. The compound annual growth rate (CAGR) since inception is 17.57 per cent, with the benchmark's return at 11.73 per cent.
JM Aggressive Hybrid Fund, previously known as JM Balanced Fund, is part of JM Financial Mutual Fund. It was launched on April 1, 1995, and belongs to the Hybrid: Aggressive category, with a mix of assets. The fund's benchmark is the CRISIL Hybrid 35+65 Aggressive TRI, and it has a total expense ratio (TER) of 2.28 per cent as of September 30, 2024. The minimum investment required is Rs 1,000, and the fund's total assets stand at Rs 647.06 crore.
As of October 21, 2024, the NAV is Rs 127. The fund has a turnover of 115.33 per cent and an exit load of 1 per cent for redemptions or switches within 60 days. Since its inception, the fund has delivered a compounded annual growth rate (CAGR) of 12.8 per cent, compared to the benchmark return of 12.65 per cent.
Quant Absolute Fund, previously known as the Escorts Balanced Fund, is managed by Quant Mutual Fund and belongs to the Hybrid: Aggressive category. It was launched on 21st March 2001 and follows a mixed asset class with the CRISIL Hybrid 35+65 Aggressive Index as its benchmark. The fund's total expense ratio is 1.99 per cent as of 30th September 2024. It is an open-ended scheme with a minimum investment of Rs 5,000 and a top-up amount of Rs 1,000. As of 30th September 2024.
Its total assets amount to Rs 2,370.08 crore. The fund has an exit load of 1 per cent for redemptions within 15 days of allotment. On 21st October 2024, the NAV was Rs 425.5757, down 0.5261 per cent, with a compound annual growth rate (CAGR) of 17.22 per cent since inception, compared to the benchmark's 12.65 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.