Introduction
Hybrid funds are a popular investment option that strikes a balance between risk and reward. By opting for hybrid funds, you can invest in a mix of equity and debt instruments to balance the risk and gain optimal returns. You can choose them if your investment style is conservative to moderate. If you are wondering which are the best hybrid mutual funds, this blog is for you.
Top 10 hybrid mutual funds
Listed below are the top-performing hybrids you can invest in 2024:
The Quant Multi Asset Fund invests across various asset classes, including equity, debt, and gold. This multi-asset approach reduces the risk of market volatility and ensures better diversification. Its NAV is Rs.135.306 with a 1-year return of 42.73%, Rs.2,983.94 crores fund size, and the expense ratio is 1.88%.
The HDFC Balanced Advantage Fund is one of the most popular Balanced Advantage Funds in India. It dynamically adjusts the equity and debt allocation depending on the market conditions. Its NAV is at Rs.501.884 with a 1-year return record of 30.58% with Rs.96,535.5 crores fund size, and its expense ratio is 1.35%.
The ICICI Prudential Equity & Debt Fund offers a strong balance between equity for growth and debt for stability. It has a proven track record of giving consistent returns. Hence, it is suitable for both capital appreciation and income. Its NAV is Rs.375.55 with a 1-year return of Rs.32.92% with a fund size of Rs.41,395.98 crores, and its expense ratio is 1.58%.
This fund invests in a mix of equity, debt, and other asset classes, such as gold and real estate. It is designed for those who prefer more diversified exposure. The multi-asset strategy used in it helps mitigate risks during market fluctuations. Its NAV is Rs.56.0475 with a Rs.6,257.71 crores fund size and a 1-year return of 23.84%. The fund's expense ratio is 1.46% currently.
The Nippon India Asset Allocator Funds of Funds (FoF) allocates across various mutual funds. It offers exposure to multiple assets, including equity and debt. This fund is a good choice if you want to distribute your risk across different types of investments. Its NAV is Rs.19.951 with a Rs.283.47 crore fund size, 28.24% 1-year return, and an expense ratio of 1.24%.
The JM Aggressive Hybrid Fund focuses heavily on equity investments, almost 65%-80% while allocating a small portion to debt. It lets you take a bit more risk for the potential of higher returns. It is ideal for long-term investment. The fund's NAV is Rs.125.0295, Rs.642.94 crores fund size, 40.67% 1-year return, and its expense ratio is 2.28%.
The Tata Hybrid Equity Fund combines equity and debt in a way that seeks to provide you with steady returns while minimising risk. The equity portion helps with capital appreciation, while the debt portion ensures stability during volatility. This fund's NAV is Rs.484.72 with Rs.4,312.06 crores fund size, 26.4% 1-year return rate, and its expense ratio is 0.98%.
The Kotak Equity Savings Fund invests in a mix of equity, equity derivatives, and debt instruments. Its focus on equity savings makes it appealing for tax efficiency and relatively lower risk than pure equity funds. The fund's NAV is Rs.25.0868, with Rs.7,643.87 crores and a 17.52% 1-year return rate. Its expense ratio currently is 1.77%.
The Edelweiss Aggressive Hybrid Fund predominantly invests in equities, with a smaller allocation in debt instruments. It is designed for aggressive investing, where you take a higher market risk for higher returns in the long run. This fund's NAV is Rs.61.42 with Rs.2,197.83 crores fund size and a 1-year return rate of 31.67%. Its expense ratio is 1.98%.
The Bank of India Conservative Hybrid Fund leans more toward debt (about 75%%), with a smaller portion invested in equity (the remaining 25%). This makes it suitable for conservative investing, where you get stable returns with minimal risk exposure. Its NAV is Rs.33.0674 with Rs.66.73 crores fund size, 11.12% 1-year return. Its expense ratio is 2.23%.
Note: The data for the funds above is as updated on 23rd October 2024.
Conclusion
You can pick from any of the above best hybrid mutual funds. When you do, make sure they align with your investment horizon, risk tolerance, and financial goals. The funds listed cater to a wide range of investing styles, from conservative to aggressive. They provide an excellent balance between risk and reward, making them an ideal choice to invest in both equity and debt in 2024.
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