Around 43 equity oriented hybrid schemes have never offered negative returns in the last years (2018-2023), an analysis by ETMutualFunds showed. Around 83 equity oriented hybrid schemes have completed six years of existence.
ETMutualFunds considered all equity-oriented schemes such as aggressive hybrid funds, arbitrage funds, dynamic asset allocation/balanced advantage fund, and equity savings schemes. We did not consider the multi asset allocation category as when it comes to taxation, it is taxed as per debt funds. We considered yearly returns starting from 2018 to 2023.
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Around 18 arbitrage funds, 11 equity savings funds, 10 balanced advantage/ dynamic asset allocation funds, and 4 aggressive hybrid funds made it to the list of equity oriented hybrid funds which have never offered negative returns in the last six years.
ICICI Prudential Balanced Advantage Fund, the second largest scheme in the balanced advantage/ dynamic asset allocation fund category based on assets managed, never offered negative returns in the last six years.
Maximum schemes were from four fund houses. There were three schemes each from Baroda BNP Paribas Mutual Fund, Edelweiss Mutual Fund, ICICI Prudential Mutual Fund, and Kotak Mutual Fund.We considered yearly performance of equity oriented hybrid mutual fund schemes from 2018 as Sebi did recategorization of mutual funds in 2018.
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Note, the above exercise is not a recommendation. The exercise was done to find equity oriented hybrid schemes that have never posted negative returns in the last six years.
One should not make investment or redemption decisions based on the above exercise. One should always consider risk appetite, investment horizon,and goal before making investment decisions.
