Best L&T Hybrid Mutual Funds

L&T Mutual Fund offers a bouquet of mutual fund schemes for investors of various investing ideologies. It is one of the pioneering asset management companies of India that has made a mark of its own in the financial industry. L&T Investment Management Limited is the Asset Management Company for all L&T Mutual Fund schemes.

The fund was launched on 3rd January 1997 and as of June 2018, it has an asset under management of Rs.71118.29 crores. Being a well-known brand in India, this AMC maintains a reputation to giving consistent returns to investors and has funds performing brilliantly across different categories.

Over the last twenty one years, this fund has put investor needs to the forefront and will continue to do so in the future as well.

Equity Savings Fund typically invests the total capital in three segments- pure equity, arbitrage and debt funds. Generally, one-third of the total capital in pure equity, one-third in debt funds and the balance in arbitrage funds. However, the composition varies from fund to fund. The equity component can vary from 20-40% approx and depends on the type of mutual fund.

These funds outperform debt funds over taxation and treated as equity funds for taxation. If sold before a year, short term capital gains are taxed at 15% and if sold after a year, no tax is levied on the gains.

Purpose: Invest here for your longer duration to get higher returns than debt funds.

If we allocate 65 to 80 percent of a fund to equity and assign remaining to debt and similar instruments, then what we get in return is a Hybrid-Equity fund. These funds allow you to enjoy good returns and low-risk rates courtesy their significant allocation in debt funds. Market gurus believe that it is better to invest in these than to go for an equity-debt portfolio as there is no tax imposed on the debt funds in the mix. It has returns that are taxed at 15% if sold before one year, post this period a 10% tax is applicable on the gains.

Purpose: Invest in these funds instead of buying a different kind of equity-debt funds with 60-40 allocations. These funds are best to moderate your risk with a fair return in the high-risk portfolio.

Top 10 Lt Mutual Funds

Fund NameCategoryRisk1Y ReturnsRatingFund Size(in Cr)
Aditya Birla Sun Life Regular Savings FundHybridModerately High-2.0%4star2,486
ICICI Prudential Multi-Asset FundHybridModerately High0.6%4star10,060
HDFC Hybrid Equity FundHybridModerately High-9.3%2star21,231
SBI Multi Asset Allocation FundHybridModerate1.5%2star325
Axis Triple Advantage FundHybridModerately High1.1%2star270
Kotak Multi Asset Allocation FundHybridModerate11.9%1star15
Essel 3 in 1 FundHybridModerate2.6%1star17
HDFC Multi - Asset Fund HybridModerate-1.5%1star145
UTI Multi Asset FundHybridModerately High0.4%1star896
Sundaram Multi Asset FundHybridModerately High5.2%1star39
View All Top 10 Lt Mutual Funds

Let's have a closer look

Now let us jump and check about these top 10 mutual fund schemes.

Aditya Birla Sun Life Regular Savings Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Conservative segment and provided 9.58% annualized returns in the last 3 years. In the last 1 year, it gave -2.05% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -2.05% returns in the last 1 year. Groww rated this fund as 4 Star. This is one of the best Hybrid mutual fund in India.

Fund Manager: Satyabrata Mohanty, Vineet Maloo, Pranay Sinha

Launch Date25 Dec 2012
Min Investment Amt500
Groww Rating4star
AUM2,486Cr
1Y Returns-2.0%

ICICI Prudential Multi-Asset Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Multi Asset Allocation segment and provided 13.21% annualized returns in the last 3 years. In the last 1 year, it gave 0.62% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 0.62% returns in the last 1 year. Groww rated this fund as 4 Star. This is one of the best Hybrid mutual fund in India.

Fund Manager: S Naren, Ihab Dalwai

Launch Date31 Dec 2012
Min Investment Amt5,000
Groww Rating4star
AUM10,060Cr
1Y Returns0.6%

HDFC Hybrid Equity Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Aggressive segment and provided 6.54% annualized returns in the last 3 years. In the last 1 year, it gave -9.31% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -9.31% returns in the last 1 year. Groww rated this fund as 2 Star. This is one of the best Hybrid mutual fund in India.

Fund Manager: Vinay Kulkarni

Launch Date31 Dec 2012
Min Investment Amt5,000
Groww Rating2star
AUM21,231Cr
1Y Returns-9.3%

SBI Multi Asset Allocation Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Multi Asset Allocation segment and provided 7.66% annualized returns in the last 3 years. In the last 1 year, it gave 1.49% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 1.49% returns in the last 1 year. Groww rated this fund as 2 Star. This is one of the best Hybrid mutual fund in India.

Fund Manager: Dinesh Ahuja, Ruchit Mehta

Launch Date14 Mar 2013
Min Investment Amt5,000
Groww Rating2star
AUM325Cr
1Y Returns1.5%

Axis Triple Advantage Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Multi Asset Allocation segment and provided 7.98% annualized returns in the last 3 years. In the last 1 year, it gave 1.14% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 1.14% returns in the last 1 year. Groww rated this fund as 2 Star. This is one of the best Hybrid mutual fund in India.

Fund Manager: R Sivakumar, Ashish Naik

Launch Date31 Dec 2012
Min Investment Amt5,000
Groww Rating2star
AUM270Cr
1Y Returns1.1%

Kotak Multi Asset Allocation Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Balanced Advantage segment and provided 9.93% annualized returns in the last 3 years. In the last 1 year, it gave 11.91% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 11.91% returns in the last 1 year. Groww rated this fund as 1 Star. This is one of the best Hybrid mutual fund in India.

Fund Manager: Abhishek Bisen, Deepak Gupta

Launch Date31 Dec 2012
Min Investment Amt10,000
Groww Rating1star
AUM15Cr
1Y Returns11.9%

Essel 3 in 1 Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Multi Asset Allocation segment and provided 7.24% annualized returns in the last 3 years. In the last 1 year, it gave 2.58% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 2.58% returns in the last 1 year. Groww rated this fund as 1 Star. This is one of the best Hybrid mutual fund in India.

Fund Manager: Amit Nigam, Killol Pandya

Launch Date1 Jan 2013
Min Investment Amt1,000
Groww Rating1star
AUM17Cr
1Y Returns2.6%

HDFC Multi - Asset Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Multi Asset Allocation segment and provided 6.51% annualized returns in the last 3 years. In the last 1 year, it gave -1.46% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -1.46% returns in the last 1 year. Groww rated this fund as 1 Star. This is one of the best Hybrid mutual fund in India.

Fund Manager: Anil Bamboli, Chirag Setalvad

Launch Date31 Dec 2012
Min Investment Amt5,000
Groww Rating1star
AUM145Cr
1Y Returns-1.5%

UTI Multi Asset Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Multi Asset Allocation segment and provided 8.1% annualized returns in the last 3 years. In the last 1 year, it gave 0.37% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 0.37% returns in the last 1 year. Groww rated this fund as 1 Star. This is one of the best Hybrid mutual fund in India.

Fund Manager: V Srivatsa

Launch Date31 Dec 2012
Min Investment Amt5,000
Groww Rating1star
AUM896Cr
1Y Returns0.4%

Sundaram Multi Asset Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Multi Asset Allocation segment and provided 9.3% annualized returns in the last 3 years. In the last 1 year, it gave 5.19% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 5.19% returns in the last 1 year. Groww rated this fund as 1 Star. This is one of the best Hybrid mutual fund in India.

Fund Manager: Rahul Baijal

Launch Date1 Jan 2013
Min Investment Amt5,000
Groww Rating1star
AUM39Cr
1Y Returns5.2%

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What does investing in L&T Hybrid Mutual Funds actually mean?

Suppose a mutual fund invests in ten stocks and total current market value of these stocks is 1.1 Crore. Out of this, the AMC deducts say, 0.1 Crore for operating the fund (this is known as the expense ratio). So the net value is 1 crore. Now the AMC will divide this 1 Crore into say, 10,000 parts. These parts are known as units. The cost of one unit is 1Cr/10,000 = Rs. 1000. This is known as the Net Asset Value (NAV) of the mutual fund. Suppose the AMC has set a minimum investment requirement of Rs. 500. Then if you pay Rs. 500, you will get 0.5 units of the fund. Remember that the cost of one unit is the cost when you made the purchase. Suppose after one year, the NAV has fallen to Rs. 700 per unit and you wish to exit the fund (also known as redemption), then you sell your 0.5 units back to the AMC and get 0.5 x Rs. 700 = Rs. 350 back. Yes, you invested Rs. 500 and got back Rs. 350 – a loss of 150 over a year. The point is, that you buy units at current NAV and sell units (fully or partially) at current NAV. This is what investing in mutual fund actually means.

How to invest in L&T Mutual Funds on Groww?

One of the best ways to hedge against the small-cap volatility is to adopt a phased approach, also known as Systematic Investment Plan (SIP) approach. We are sure that you must be aware of SIP and its benefits. Buying in small quantity but buying regularly provides you with faster growth. On Groww.in, all transactions to and from AMC is done via BSE. When you decide to invest in a large cap mutual fund of your choice, you choose that mutual fund on the website and click ‘invest’. Following that, you are redirected to the BSE page where you make the payment. BSE then directs your money to the AMC managing your mutual fund. To be assured at your end, you can visit the individual AMC website after the payment. You would be able to see all your purchased units against your folio number.

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Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing.
Past performance is not indicative of future returns. Please consider your specific investment requirements, risk tolerance, investment goal, time frame, risk and reward balance and the cost associated with the investment before choosing a fund, or designing a portfolio that suits your needs.
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