Hybrid mutual funds invest in a mixture of underlying assets such as equity, debt, and gold instruments. The combination of the investment depends on the investment objective of the particular fund. Also, the returns and risk schemes will be based on the type of allocation for each asset class.
It can be a fund suitable to all kinds of investors, providing a wide range of combinations and different forms of advantages and risks associated with it. Look at the top hybrid mutual fund list here to understand more.
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| Fund Name | Category | Risk | 1Y Returns | Rating | Fund Size(in Cr) |
|---|---|---|---|---|---|
JM Aggressive Hybrid Fund | Hybrid | Very High | 36.2% | 5 | ₹642 |
HDFC Balanced Advantage Fund | Hybrid | Very High | 23.6% | 5 | ₹96,535 |
Quant Multi Asset Fund | Hybrid | High | 35.3% | 5 | ₹2,983 |
Bank of India Mid & Small Cap Equity & Debt Fund | Hybrid | Very High | 33.8% | 5 | ₹1,000 |
ICICI Prudential Multi Asset Fund | Hybrid | Very High | 22.7% | 5 | ₹50,495 |
ICICI Prudential Equity & Debt Fund | Hybrid | Very High | 24.5% | 5 | ₹41,395 |
Nippon India Asset Allocator FoF Fund | Hybrid | High | 25.2% | 5 | ₹283 |
Edelweiss Aggressive Hybrid Fund | Hybrid | Very High | 26.9% | 5 | ₹2,197 |
HDFC Dynamic PE Ratio FoF Fund | Hybrid | High | 17.7% | 5 | ₹49 |
HSBC Equity Savings Fund | Hybrid | Moderate | 26.6% | 5 | ₹477 |
ICICI Prudential Asset Allocator Fund | Hybrid | High | 18.2% | 5 | ₹23,263 |
Bank of India Conservative Hybrid Fund | Hybrid | Moderate | 10.8% | 5 | ₹66 |
Kotak Equity Savings Fund | Hybrid | Moderately High | 16.8% | 5 | ₹7,643 |
ICICI Prudential Income Optimizer Fund | Hybrid | Moderately High | 14.2% | 5 | ₹277 |
Parag Parikh Conservative Hybrid Fund | Hybrid | Moderately High | 14.3% | 5 | ₹2,250 |
| View All |
Hybrid mutual funds are suitable for:
They can suit all these categories, given that they come in various combinations. These funds vary in levels of risks, asset allocations, capital appreciation, and diversification. This makes them a fund suitable for all kinds of investment styles and objectives.
The major factors to be considered while finding the best hybrid funds and making investments are:
These funds do not come with guaranteed returns, and their return can be affected by the performance of the underlying assets. This equity market performance can affect the returns to the tune of equity exposure of the fund.
These funds are known to be suitable for investors with a medium-term horizon (3 to 5 years.) Moreover, the longer the time period, the better the chances of getting a stable and higher return from the fund.
Investments in hybrid funds do not come without risks. The risk of a hybrid fund primarily depends on the percent of allocation on equity holdings. The higher the equity holdings in the portfolio, the greater the risk associated with the fund and vice-versa.
While finding the best performing hybrid mutual funds, it is crucial to note the combination of the assets chosen, the proportion in every asset, and the strategy of investment that is determined by the fund manager. This is because an investor can't influence these components.
Hybrid funds will also come with a fee known as expense ratio, and the lower the expense ratio, the less it will bite off your investment.
Here some benefits of investing in the best hybrid mutual funds 2024:
Active risk management: Hybrid mutual funds enable fund managers to actively optimise the portfolio risk and return by investing in a prudent mix of non-correlated asset categories.
Suitable for various risk profiles: The risk factor associated with the best hybrid mutual funds ranges from low to high. It depends upon the type of fund and its asset allocation. Hence, investors can choose a scheme that is best suited for their risk profile and investment goal.
Exposure to multiple asset classes: Hybrid mutual funds invest in different asset categories and diversify the investment. Hence, investors gain exposure to more than one class of assets by investing in a single product.
Investment in asset sub-classes: Besides investing in multiple asset categories, hybrid funds invest across different sub-classes within an asset category. For example, the equity component of these funds may include investments in large-cap, small-cap and mid-cap stocks.
Investment modes: There are two ways to invest in hybrid MF schemes – lumpsum and SIP. The former allows investors to invest once in a mutual fund scheme. That said, please note that one may have to invest at least Rs.1,000 for this route. A systematic investment plan (SIP) enables investors to allocate their funds to a hybrid scheme by paying a fixed sum at regular intervals, for example, monthly or quarterly. The SIP amount can be as low as Rs.500, which varies for individual schemes.
The major risks to consider while finding the best hybrid mutual funds to invest in 2024 are-
A hybrid mutual fund is when the fund is invested in various assets such as equities, securities, gold instruments, and more. Simply put, an individual investing in a hybrid fund is investing in the combination of its underlying assets.
Hybrid funds are a blend of more than one asset class, whereas balanced funds are only a type of hybrid fund.
These funds would work best for first-time investors who are not looking forward to handling their own asset allocations. However, there is some amount of volatility, given the exposure to equity funds.
Conservative hybrid funds are the ones that primarily invest in FD-like investment vehicles. They provide more returns with minimal risks than equities.
These funds invest in stocks with some allocation to FD-like instruments, while most of the investment is spread across pure equity funds.
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.
Now let us jump and check about these top 15 mutual fund schemes.
Fund Performance: The JM Aggressive Hybrid Fund has given 24.71% annualized returns in the past three years and 26.52% in the last 5 years. The JM Aggressive Hybrid Fund comes under the Hybrid category of JM Financial Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in JM Aggressive Hybrid Fund via lump sum is ₹1,000 and via SIP is ₹100.
| Min Investment Amt | ₹1,000 |
|---|---|
| AUM | ₹642Cr |
| 1Y Returns | 36.2% |
Fund Performance: The HDFC Balanced Advantage Fund has given 23.11% annualized returns in the past three years and 21.88% in the last 5 years. The HDFC Balanced Advantage Fund comes under the Hybrid category of HDFC Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in HDFC Balanced Advantage Fund via lump sum is ₹100 and via SIP is ₹100.
| Min Investment Amt | ₹100 |
|---|---|
| AUM | ₹96,535Cr |
| 1Y Returns | 23.6% |
Fund Performance: The Quant Multi Asset Fund has given 22.1% annualized returns in the past three years and 30.21% in the last 5 years. The Quant Multi Asset Fund comes under the Hybrid category of Quant Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in Quant Multi Asset Fund via lump sum is ₹5,000 and via SIP is ₹1,000.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹2,983Cr |
| 1Y Returns | 35.3% |
Fund Performance: The Bank of India Mid & Small Cap Equity & Debt Fund has given 20.78% annualized returns in the past three years and 29.13% in the last 5 years. The Bank of India Mid & Small Cap Equity & Debt Fund comes under the Hybrid category of Bank of India Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in Bank of India Mid & Small Cap Equity & Debt Fund via lump sum is ₹5,000 and via SIP is ₹1,000.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹1,000Cr |
| 1Y Returns | 33.8% |
Fund Performance: The ICICI Prudential Multi Asset Fund has given 20.61% annualized returns in the past three years and 22.32% in the last 5 years. The ICICI Prudential Multi Asset Fund comes under the Hybrid category of ICICI Prudential Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in ICICI Prudential Multi Asset Fund via lump sum is ₹5,000 and via SIP is ₹100.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹50,495Cr |
| 1Y Returns | 22.7% |
Fund Performance: The ICICI Prudential Equity & Debt Fund has given 20.33% annualized returns in the past three years and 23% in the last 5 years. The ICICI Prudential Equity & Debt Fund comes under the Hybrid category of ICICI Prudential Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in ICICI Prudential Equity & Debt Fund via lump sum is ₹5,000 and via SIP is ₹100.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹41,395Cr |
| 1Y Returns | 24.5% |
Fund Performance: The Nippon India Asset Allocator FoF Fund comes under the Hybrid category of Nippon India Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in Nippon India Asset Allocator FoF Fund via lump sum is ₹5,000 and via SIP is ₹100.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹283Cr |
| 1Y Returns | 25.2% |
Fund Performance: The Edelweiss Aggressive Hybrid Fund has given 19.17% annualized returns in the past three years and 20.77% in the last 5 years. The Edelweiss Aggressive Hybrid Fund comes under the Hybrid category of Edelweiss Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in Edelweiss Aggressive Hybrid Fund via lump sum is ₹100 and via SIP is ₹100.
| Min Investment Amt | ₹100 |
|---|---|
| AUM | ₹2,197Cr |
| 1Y Returns | 26.9% |
Fund Performance: The HDFC Dynamic PE Ratio FoF Fund has given 15.65% annualized returns in the past three years and 17.32% in the last 5 years. The HDFC Dynamic PE Ratio FoF Fund comes under the Hybrid category of HDFC Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in HDFC Dynamic PE Ratio FoF Fund via lump sum is ₹100 and via SIP is ₹100.
| Min Investment Amt | ₹100 |
|---|---|
| AUM | ₹49Cr |
| 1Y Returns | 17.7% |
Fund Performance: The HSBC Equity Savings Fund has given 15.01% annualized returns in the past three years and 15.05% in the last 5 years. The HSBC Equity Savings Fund comes under the Hybrid category of HSBC Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in HSBC Equity Savings Fund via lump sum is ₹5,000 and via SIP is ₹500.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹477Cr |
| 1Y Returns | 26.6% |
Fund Performance: The ICICI Prudential Asset Allocator Fund has given 14.92% annualized returns in the past three years and 15.92% in the last 5 years. The ICICI Prudential Asset Allocator Fund comes under the Hybrid category of ICICI Prudential Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in ICICI Prudential Asset Allocator Fund via lump sum is ₹5,000 and via SIP is ₹1,000.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹23,263Cr |
| 1Y Returns | 18.2% |
Fund Performance: The Bank of India Conservative Hybrid Fund has given 14.11% annualized returns in the past three years and 12.84% in the last 5 years. The Bank of India Conservative Hybrid Fund comes under the Hybrid category of Bank of India Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in Bank of India Conservative Hybrid Fund via lump sum is ₹10,000 and via SIP is ₹1,000.
| Min Investment Amt | ₹10,000 |
|---|---|
| AUM | ₹66Cr |
| 1Y Returns | 10.8% |
Fund Performance: The Kotak Equity Savings Fund has given 13.05% annualized returns in the past three years and 12.75% in the last 5 years. The Kotak Equity Savings Fund comes under the Hybrid category of Kotak Mahindra Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in Kotak Equity Savings Fund via lump sum is ₹100 and via SIP is ₹100.
| Min Investment Amt | ₹100 |
|---|---|
| AUM | ₹7,643Cr |
| 1Y Returns | 16.8% |
Fund Performance: The ICICI Prudential Income Optimizer Fund has given 11.89% annualized returns in the past three years and 11.58% in the last 5 years. The ICICI Prudential Income Optimizer Fund comes under the Hybrid category of ICICI Prudential Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in ICICI Prudential Income Optimizer Fund via lump sum is ₹5,000 and via SIP is ₹1,000.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹277Cr |
| 1Y Returns | 14.2% |
Fund Performance: The Parag Parikh Conservative Hybrid Fund comes under the Hybrid category of PPFAS Mutual Funds.
Minimum Investment Amount: The minimum amount required to invest in Parag Parikh Conservative Hybrid Fund via lump sum is ₹5,000 and via SIP is ₹1,000.
| Min Investment Amt | ₹5,000 |
|---|---|
| AUM | ₹2,250Cr |
| 1Y Returns | 14.3% |
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