Investors can put their money into the equity market using hybrid mutual funds, as these offer a great level of diversification. It offers a broad portfolio of investments such as bonds, stocks, and other assets. Let’s explore the top Hybrid Mutual Funds with the highest SIP returns in 5 years. Rs 20,000 monthly investment in No. 1 fund has jumped to Rs 20.68 in just 5 years.
ICICI Prudential Equity & Debt Fund
In 5 years, the ICICI Prudential hybrid aggressive Fund has given a 21.49 per cent annualised return. Its assets under management (AUM) are Rs 44,552 crore, while its net asset value (NAV) is Rs 435.07 as of July 30. This fund has given annualised returns of 17.59 per cent since its launch in January 2013.
With an expense ratio of 0.96 per cent, the fund has Rs 500 as the minimum SIP investment and Rs 5,000 as the minimum lump sum investment. With a monthly investment of 20,000 in 5 years, the fund has grown to Rs 20,68,000.
Bank of India Mid & Small Cap Equity & Debt Fund
This Bank of India hybrid aggressive mutual fund has delivered a 20.43 per cent annualised return in 5 years. It has a fund size of Rs 1,250 crore and a unit price of Rs 41.74 as of July 30. Since its launch in June 2016, it has achieved an annualised return of 17 per cent.
With an expense ratio of 0.86 per cent, the fund’s minimum investment requirements are Rs 1000 for SIPs and Rs 5,000 for lump sum. In 5 years, a Rs 20,000 monthly investment has grown to Rs 20,43,000.
JM Aggressive Hybrid Fund
In 5 years, JM Aggressive Hybrid Fund has given a 20.19 per cent annualised return. Its assets under management (AUM) are Rs 862 crore, while its net asset value (NAV) is Rs 137.58. Benchmarked against CRISIL Hybrid 35+65 Aggressive, the fund has given annualised returns of 14.26 per cent since its launch in January 2013.
With an expense ratio of 0.54 per cent, the fund has Rs 500 as the minimum SIP investment and Rs 5,000 as the minimum lump sum investment. With a monthly investment of 20,000 in 5 years, the fund has grown to Rs 20,19,000.