best mutual funds 2019

Hybrid Funds invest in both debt instruments and equities, thereby catering to investors who have a balanced approach towards investing and want the best of both worlds. While the equity part provides the capital appreciation, the debt part provides income generation. The fund category was earlier known as Balanced Funds, but post the re-categorization of mutual funds by SEBI, got its new name.

This scheme aims to achieve maximum diversification and assured returns. And they do it via asset allocation, market analysis and portfolio diversification, ensuring maximum returns at minimal risk. Hybrid Mutual Funds provide higher returns than pure equity funds and also provide a cushion against extreme market turbulence on the back of the debt component.

Best Hybrid Mutual Funds available for investment in the market are:

#1 Hybrid Mutual Funds – Canara Robeco Equity Hybrid Fund – Direct – Growth

Canara Robeco Equity Hybrid Fund

Canara Robeco Equity Hybrid Fund (Erstwhile Canara Robeco Balance) seeks to build a balanced portfolio, which would provide a combination of high annual return and capital appreciation. And it does so by creating a balanced portfolio made of fixed income securities along with equity shares.

The consistent performance is likely to continue given the balanced nature of the fund that comprises fundamentally sound stocks across market capitalization with mid-small tilt. It has 24.56% investment in the finance sector, the next 11.75% is allocated to cash equivalents while another 8.99% is invested into corporate Bonds.

Minimum SIP amount: Rs.1,000

Fund Manager: Krishna Sanghavi, Avnish Jain & Shridatta Bhandwaldar

Exit Load: 1.00% (if redeemed within 365 days)

Fund Name1 year3 year5 year
Canara Robeco Equity Hybrid Fund10.02%11.78%11.74%

#2 Hybrid Mutual Funds: DSP Equity & Bond Fund – Direct – Growth

DSP Equity & Bond Fund

The main objective of the DSP Equity & Bond fund is to create long term capital appreciation from a portfolio constituted of equity and equity related securities as well as fixed income securities. 25.95% of the Fund’s Investment is in the Finance Sector, 18.32% is in Corporate bonds while 11.69% is invested in Consumer Cyclicals.

Minimum SIP amount: Rs. 500

Fund Manager: Vikram Chopra & Atul Bhole

Exit Load: 1.00% (if redeemed within 360 days)

Fund Name1 year3 year5 year
DSP Equity & Bond Fund8.77%10.55%12.01%

#3 Hybrid Mutual Funds – Franklin India Equity Hybrid Fund – Direct – Growth

Franklin India Equity Hybrid Fund

Franklin India Balanced Fund seeks to achieve long-term capital appreciation with the stability of investment and current income from a balanced portfolio of high-quality equity and fixed-income securities. The fund managed to generate over 15% returns over the five-year period.

The moderate performance of the fund is likely to continue given that the fund takes very few risks both on its equity or debt market investments and is an ideal fit for conservative investors. Over 50% of the fund’s investment is in Corporate bonds, Financial sector and Consumer cyclical sector.

Minimum SIP amount: Rs. 500

Fund Manager: Krishna Prasad Natarajan, Sachin Padwal-Desai, Umesh Sharma, Srikesh Nair, Lakshmikanth Reddy

Exit Load: 1.00% (if redeemed within 365 days)

Fund Name1 year3 year5 year
Franklin India Equity Hybrid Fund6.91%8.24%11.37%

#4 Hybrid Mutual Funds – HDFC Hybrid Equity Fund – Direct – Growth

HDFC Hybrid Equity Fund

HDFC Balanced Fund seeks to generate capital appreciation with current income from a combined portfolio of equity and debt instruments. The fund generated over 18% returns in the five-year period and the performance is likely to continue as the fund typically maintains a 2/3rd allocation to equity instruments and seeks to minimize the risk by investing in debt instruments.

Minimum SIP Amount: Rs. 500

Fund Manager: Chirag Setalvad

Exit Load: 1.00% (if redeemed within 365 days)

Fund Name1 year3 year5 year
HDFC Balanced Fund10.76%12.78%12.71%

#5 Hybrid Mutual Funds – ICICI Prudential Equity & Debt Fund – Direct – Growth

ICICI Prudential Equity & Debt Fund

ICICI Prudential Equity & Debt Fund (erstwhile ICICI Prudential Balanced Fund) seeks to generate long-term capital appreciation and current income by investing in a portfolio that is investing in equities and related securities as well as fixed income and money market securities.

The performance is likely to continue as the fund seeks to provide the twin benefits of growth from equity markets and steady income from debt markets. The fund has 69.81% investments in Equity Funds while 24.73% investments are done in Debt Funds.

Minimum SIP amount: Rs. 100

Fund Manager: Sankaran Naren, Manish Banthia & Atul Patel

Exit Load: 1.00% (if redeemed within 365 days) 

Fund Name1 year3 year5 year
ICICI Prudential Equity & Debt Fund11.57%12.86%12.23%

#6 Hybrid Mutual Funds – Kotak Equity Hybrid Fund – Direct – Growth

Kotak Equity Hybrid Fund

Kotak Equity Hybrid Fund (erstwhile Kotak Balance) seeks to achieve growth by investing in equity and equity related instruments, balanced with income generation by investing in debt and money market instruments. The fund’s steady show is likely to continue given the balanced nature of the fund and returns are topped up with moderately high equity allocation in mid-cap and small-cap category.

Minimum SIP Amount: Rs. 1000

Fund Managers: Abhishek Bisen and Pankaj Tibrewal

Exit Load: 1.00% (if redeemed within 365 days) 

Fund Name1 year3 year5 year
Kotak Equity Hybrid Fund9.29%10.78%NA

#7 Hybrid Mutual Funds – Tata Hybrid Equity Fund – Direct – Growth

Tata Hybrid Equity Fund

Tata Hybrid Equity Fund (Erstwhile Tata Balanced) seeks steady returns from debt along with growth from equities instruments. The likely equity to debt investment ratio is 70 to 30. The fund generated over 15% returns over five-year period and has been a consistent performer but not a spectacular one and is more suited for a risk-averse investor.

Minimum SIP Amount: Rs. 1000

Fund Managers: Murthy Nagarajan & Chandraprakash Padiyar

Exit Load: 1.00% (if redeemed within 365 days) 

Fund Name1 year3 year5 year
Tata Hybrid Equity Fund9.59%9.04%10.78%

#8 Hybrid Mutual Funds – UTI Hybrid Equity Fund – Direct – Growth

UTI Hybrid Equity Fund

UTI Hybrid Equity Fund (Erstwhile UTI Balanced) seeks to generate long-term capital appreciation by investing predominantly in equity and equity-related securities of companies across the market capitalization spectrum. The fund also invests in debt and money market instruments with a view to generating regular income.

Minimum SIP Amount: Rs. 500

Fund Managers: V Srivatsa & Sunil Madhukar Patil

Exit Load: 1.00% (if redeemed within 365 days) 

Fund Name1 year3 year5 year
Tata Hybrid Equity Fund3.53%8.85%8.88%

#9 Hybrid Mutual Funds – Mirae Asset Hybrid Equity Fund Direct – Growth

Mirae Asset Hybrid Equity Fund

Mirae Asset Hybrid Equity Fund (Erstwhile Mirae Asset Prudence Fund), aims to generate capital appreciation along with current income from a portfolio of investment in equity & equity related instruments and the balance in debt and money market instruments. Also, the fund has made over 50% investments in the Finance sector, Consumer Cyclical and other cash equivalents.

Minimum SIP amount: Rs. 1000

Fund Manager: Mahendra Jajoo

Exit Load: 1.00% (if redeemed within 365 days) 

Fund Name1 year3 year5 year
Mirae Asset Hybrid Equity Fund12.25%13.07%

 

#10 Hybrid Mutual Funds – L&T Hybrid Equity Fund – Direct – Growth

L&T Hybrid Equity Fund

L&T Hybrid Equity Fund’s (Erstwhile L&T India Prudence) main goal is to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity related securities and to generate reasonable returns through a portfolio of debt and money market instruments.

The fund has 74.74% investment in indian stocks out of which 53.23% is in large cap stocks, 16.7% is in mid cap stocks, 4.3% in small cap stocks.Fund has 21.84% investment in Debt out of which 4.03% in Government securities while 17.81% in funds invested in very low risk securities.

Minimum SIP amount: Rs. 500

Fund Manager: Shriram Ramanathan, Soumendra Nath LahiriKaran Desai

Exit Load: 1.00% (if redeemed within 365 days)

Fund Name1 year3 year5 year
L&T Hybrid Equity Fund3.61%10.05%11.88%

 

So what are you waiting for? March on and start investing from here.

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