Top MFs: These mutual funds gave up to 22% returns in one year

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Hybrid Funds are balanced funds that invest primarily 65 to 80% of their total portfolio in equity, and the remaining 20 to 35% in debt instruments like fixed deposits. Hybrid funds can be classified into three categories - conservative, balanced, and aggressive.

With the changes announced by Finance Minister Nirmala Sitharaman in Union Budget 2023, investment in hybrid funds has emerged as a suitable option for investor. Though it may involve taking some additional risk.

Be it stocks or equity mutual funds, investment is associated with risks. As per data available on SMC, one of the leading financial service providers in India, the top 10 aggressive hybrid funds in India with the highest one-year returns are HDFC Small Cap, Quant Small Cap, Franklin India Smaller Companies, Nippon India Small Cap, Tata Small Cap, HSBC Small Cap, ITI Small Cap, DSP Small Cap, Sundaram Small Cap, Invesco India Smallcap.

Here is a list of aggressive hybrid mutual funds which delivered up to 22% returns in one year. Your investment decision should not get influenced by these returns as there is no guarantee of repetition of past performance.

ICICI Prudential Equity & Debt Fund - Growth 21.90% Edelweiss Aggressive Hybrid Fund - Growth 20.20% HDFC Hybrid Equity Fund - Growth 19.50% Nippon India Equity Hybrid Fund - Reg - Growth 19.50% UTI Hybrid Equity Fund - Growth18.80% Franklin India Equity Hybrid Fund - Growth 17.10% Mahindra Manulife Aggressive Hybrid Fund - Reg - Growth 16.90% Tata Hybrid Equity Fund - Reg - Growth 16.20% Kotak Equity Hybrid Fund - Growth 15.80% Baroda BNP Paribas Aggresive Hybrid Fund - Reg - Growth 15.70% The taxation rules for hybrid funds are similar to those applicable for equity mutual funds. As per the rule, if