54% equity hybrid schemes beat benchmarks in 2023
We considered all equity hybrid categories such as aggressive hybrid, balanced advantage or dynamic asset allocation fund, arbitrage fund, equity savings. No arbitrage scheme managed to beat its benchmark in 2023.
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View Details»Aggressive hybrid category and equity savings category had the highest percentage of outperformance. There were around 30 schemes in the aggressive hybrid fund category, out of which 22 schemes outperformed their respective benchmarks. In the equity savings category, there were around 22 schemes. 16 schemes beat their benchmarks. This indicates around 73% outperformance by these categories.
The balanced advantage and dynamic asset allocation category had around 70% of outperformance. Out of 27 schemes in the category, 19 schemes outperformed their respective benchmarks.
There were around 26 schemes in the arbitrage category, and all the schemes failed to beat their respective benchmarks.
We considered equity-oriented hybrid categories such as aggressive hybrid, arbitrage funds, balanced advantage or dynamic asset allocation, and equity savings categories for the study. The year-to-date returns of the schemes were compared with their respective benchmarks during the same horizon. The returns for the year-to-date were calculated from January 1, 2023 to October 20, 2023.
Note, the above exercise is not a recommendation. This is just to see how equity-oriented hybrid mutual fund categories have performed vis-a-vis their benchmarks in 2023. One should not make investment or redemption decisions based on the above exercise. Past performance does not guarantee future performance.
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