Equity-oriented hybrid mutual funds offer up to 5% returns in August

Equity Oriented Hybrid mutual funds In August, hybrid funds delivered returns of up to 5.25%. The funds that topped the performance table belonged to the categories of aggressive hybrid funds and dynamic asset allocation and balanced advantage funds. In the period, there were around 112 hybrid funds, of which 109 delivered positive returns and only three delivered negative returns.

The dynamic asset allocation fund Motilal Oswal Balanced Advantage Fund offered the highest return of around 5.25 per cent in August. The next two schemes on the list belonged to the aggressive hybrid category. Bandhan Hybrid Equity Fund and Bank of India Mid & Small Cap Equity & Debt Fund offered returns of 3.26 per cent and 2.79 per cent, respectively, in the said period.

NJ Balanced Advantage Fund, a balanced advantage fund, returned 2.60% in the said period. The following schemes in the performance table belonged to the category of aggressive hybrid funds. Invesco India Aggressive Hybrid Fund and JM Aggressive Hybrid Fund managed to deliver returns of 2.49% and 2.37% respectively in the same period. The following five schemes in the performance table were in the category of aggressive hybrid funds. aggressive hybrid funds offered yields ranging from 1.97% – 2.28% in August.

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Sundaram Equity Savings Fund, an equity savings fund, returned 1.65% over the same period. Invesco India Equity Savings Fund and Baroda BNP Paribas Balanced Advantage Fund each returned 1.47% over the same period.

Axis Equity Saver Fund and Edelweiss Equity Savings Fund, two equity savings funds, gave a return of 1.27% and 1.26% respectively. Around four funds gave a return of 1.11% each in the same period. ICICI Prudential Equity Savings Fund gave a return of 0.90% in the same period. Two schemes of LIC Mutual Fund – LIC MF Balanced Advantage Fund and LIC MF Equity Savings Fund – gave a return of 0.88% and 0.83% respectively in August. LIC MF Equity Savings Fund, which had an AUM of Rs 19.38 crore, is the smallest hybrid fund based on assets under management. Tata Hybrid Equity Fund, an aggressive hybrid fund, gave a return of 0.73% in the above-mentioned period. Union Equity Savings Fund and HDFC Equity Savings Fund returned 0.68% and 0.67% respectively in the period. SBI Equity Savings Fund returned 0.58% in August.

Around 16 arbitrage funds offered returns ranging between 0.43% and 0.47% in the same period. Tata Balanced Advantage fund returned 0.41% in the above mentioned period.

HDFC Balanced Advantage FundThe largest equity-oriented hybrid mutual fund by assets under management, it ranked second last in the performance table among schemes that delivered positive returns. The scheme returned 0.27% over the period.

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The three funds that posted negative returns were Quant Absolute Fund, Quant Dynamic Asset Allocation Fund and Bank of India Balanced Advantage Fund. These funds lost 1.49%, 0.68% and 0.33% respectively in August.

We consider all equity-oriented hybrid mutual funds. We consider both regular and growth options. We calculate returns between August 1 and August 31, 2024.

Please note that the above exercise does not constitute a recommendation. The exercise was conducted to assess the performance of equity-oriented hybrid instruments. mutual funds In August. Investment or redemption decisions should not be made based on the previous financial year. Risk appetite, investment horizon and objectives should always be considered before making any investment decision.

(Disclaimer:The recommendations, suggestions, views and opinions of the experts are their own and do not represent the views of The Economic Times.

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