Top 5 Hybrid Funds: These MF debt & equity schemes have turned every Rs 1 lakh investment into at least Rs 1.74 lakh in 3 years—Invested in these?

Five hybrid schemes -- from the aggressive hybrid and multi asset allocation groups -- have rewarded investors with returns to the tune of 20.4-22.6 per cent in three years (direct mode), according to data from industry body AMFI.

These schemes are: 

Quant Multi Asset Allocation Fund Nippon India Multi Asset Allocation Fund UTI Multi Asset Allocation Fund JM Aggressive Hybrid Fund Bank of India Mid & Small Cap Equity & Debt Fund 

 

A multi asset allocation fund, this scheme has delivered an annualised return of 22.56 per cent in three years. To put that into perspective, every Rs 1 lakh investment in it has grown to approximately Rs 1.84 lakh during this period, calculations show. 

This mutual fund has given a return of 21.94 per cent, turning Rs 1 lakh into Rs 1.81 lakh in three years, data shows. 

This multi asset allocation MF has delivered a 20.63 per cent return in three years. A Rs 1 lakh investment in it has grown to almost Rs 1.76 lakh during this period. 

Now, let's move on to aggressive hybrid funds

This scheme has given a return of 21.94 per cent in three years. 

A Rs 1 lakh invested in this scheme has appreciated to Rs 1.81 lakh during this period. 

This MF has given a return of 20.38 per cent in three years, turning every Rs 1 lakh investment into approximately Rs 1.74 lakh. 

While aggressive hybrid funds follow a fixed investment style with more equity, dynamic asset allocation or balanced advantage funds follow a more flexible investment style with a dynamic equity-debt ratio. Typically, aggressive funds allocate 65-80 per cent in equities and the rest in bonds, whereas the dynamic asset or balanced advantage funds keep switching between equity and debt allocations based on market conditions.