Best mutual funds: These hybrid funds gave over 30 percent return in fiscal 2024. Check details

livemint.com:

mutual fund unit assets in the past one year. While the investors who invested into key benchmark index must be laughing their way to the bank as Nifty50 gave a handsome return of 30 percent in fiscal 2024, investors of mutual funds are not far behind. However, the size of returns earned by mutual fund investors is contingent on the scheme and category they opted for.

ALSO READ: FY24 Market Review: Nifty 50 jumped 30%; 5 stocks including Bajaj Auto, Tata Motors delivered returns over 100% Here we examine the returns earned by the investors of hybrid mutual funds in the past one year. These refer to the mutual fund schemes which invest in both equity and debt and provide growth in investment along with some stability. It is vital to note that percentage of allocation to equity varies from category to category of hybrid mutual funds.

Let us understand more on this here: In this variant of hybrid mutual funds, allocation to equity & equity related instruments hovers between 10 to 25 percent while the remaining assets are invested in debt instruments (i.e., 75 to 90 percent). These are primarily meant for low-risk investors who are looking for a boost in returns with a small exposure to equity. (Source: AMFI; Returns as on Mar 28, 2024) As we can see in the table above, the top performing conservative hybrid funds have given a return in the range of 14-17 percent in the past one year i.e., fiscal 2023-24.

This variant of hybrid mutual funds tends to invest a high allocation in equity which is anywhere between 65 to 80 percent while the remaining assets (25 to 35 percent) are invested in debt instruments. These are recommended for investors who are looking for growth in their investment with some stability. (Source: AMFI; Ret