Meanwhile, despite a strong trend of inflows in equity mutual funds, investors remain worried about their prospects amid stock market uncertainties and fears of a global economic slowdown. There is a class of funds which has been preferred by investors and has seen consistent inflows during this period. Hybrid Funds, which invest in equities and debts have seen inflows worth over Rs 7,200 crore over the past three months.
The aim of Hybrid funds is to balance the risk-reward ratio, thereby, optimising the return on investments.
We have collated five hybrid schemes which have given high returns over a period of 3-5 years.
Mutual Fund Screener – Top 5 funds
Quant Multi Asset Fund Direct-Growth Fund
The Current Net Asset Value (NAV) of the Quant Multi Asset Fund – Direct Plan as of March 29, 2023, was Rs 87.03. Its trailing returns over different periods stood at: 10.57% (1yr), 42.58% (3yr), 20.48% (5yr) and 13.36% (since the launch). Whereas category returns for the same time duration are 4.11% (1yr), 18.99% (3yr) and 7.73% (5yr).
The Assets Under Management (AUM) were worth Rs 634.33 crore as on February 28, 2023. The expense ratio of the fund is 0.56% as on February 28, 2023. The minimum investment required is Rs 5,000, and the minimum additional investment is Rs 1,000. The minimum SIP investment is Rs 1,000.Quant Absolute Fund Direct-Growth Fund
The current NAV of the Quant Absolute Fund – Direct Plan as of March 29, 2023, was Rs 301.40 for the growth option. Its trailing returns over different periods stood at: 7.34% (1 yr), 38.17% (3 yr), 19.11% (5 yr) and 16.53% (since launch), whereas the category returns for the same time duration were: 0.98% (1 yr), 20.13% (3 yr) and 9.16% (5 yr).
The AUM is worth Rs 1,013.42 crore as on February 28, 2023. The expense ratio of the fund was 0.56% as on February 28, 2023. The minimum investment required is Rs 5,000, and the minimum additional investment is Rs 1,000. The minimum SIP investment is Rs 1,000.
ICICI Prudential Multi Asset Fund Direct-Growth Fund
The Current NAV of the ICICI Prudential Multi-Asset Fund – Direct Plan as of March 29, 2023, was Rs 512.84. Its trailing returns over different periods stood at: 11.29% (1 yr), 31.26% (3yr), 14.24% (5 yr) and 15.53% (since launch) whereas, Category returns for the same time duration are: 4.11% (1yr), 18.99% (3yr) and 7.73% (5yr).
The AUM is worth Rs 16,449.61 crore as on February 28, 2023. The expense ratio of the fund is 1.15% for the Direct plan as on February 28, 2023. The minimum investment required is Rs 5,000, and the minimum additional investment is Rs 1,000. The minimum SIP investment is Rs 100.
ICICI Prudential Equity & Debt Fund Direct-Growth Fund
The Current NAV of the ICICI Prudential Equity & Debt Fund – Direct Plan as of March 29, 2023, is Rs 258.42. Its trailing returns over different periods stood at: 6.83% (1 yr), 30.59% (3 yr), 14.33% (5 yr) and 16.07% (since launch) whereas the category returns for the same time duration were: 0.98% (1 yr), 20.13% (3 yr) and 9.16% (5 yr).
The AUM was worth Rs 21,232.91 crore as on February 28, 2023. The expense ratio of the fund is 1.2% for Direct plan as on February 28, 2023. Minimum investment required is Rs 5,000 and minimum additional investment is Rs 1,000. Minimum SIP investment is Rs 100.
ICICI Prudential Equity & Debt Fund Direct-Growth Fund
The Current NAV of the ICICI Prudential Equity & Debt Fund – Direct Plan as of March 29, 2023, is Rs 258.42. Its trailing returns over different periods stood at: 6.83% (1 yr), 30.59% (3 yr), 14.33% (5 yr) and 16.07% (since launch) whereas the category returns for the same time duration were: 0.98% (1 yr), 20.13% (3 yr) and 9.16% (5 yr).
The AUM was worth Rs 21,232.91 crore as on February 28, 2023. The expense ratio of the fund is 1.2% for the Direct plan as on February 28, 2023. The minimum investment required is Rs 5,000, and the minimum additional investment is Rs 1,000. The minimum SIP investment is Rs 100.
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