3 Hybrid Funds You Should Add To Your SIP Portfolio, Rated No 1 By CRISIL

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oi-Shubham Kumar

| Published: Monday, June 13, 2022, 16:33 [IST]

The fears of a global recession have caused equities to plummet and bond yields to rise. Investors believe the market will remain volatile as RBI also hiked the interest rates 2 times this year. Investors are unsure how much they should invest in debt, equity, and/or gold as the equity market continues to fall. In this case, hybrid funds could provide a solution. These 3 Hybrid funds for each category rated No 1 by the CRISIL, a Mutal Fund Rating agency are good to start SIP and add to your portfolio.

BOI AXA Mid & Small Cap Equity & Debt Fund (Direct-Growth Option)

This is an Aggressive Hybrid category fund launched on July 20, 2016, by the BOI AXA Mutual Fund and has been rated 5-star by CRISIL. It is a small fund in its category.

The fund has worth Rs 337.01 crore Asset Under Management (AUM). Whereas, its Net Asset Value (NAV) is Rs 20.7 declared on 10th June 2022. The fund has an expense ratio of 2.55%, while the category average is 2.14%. This fund has a slightly high expense ratio compared to its category average.

Currently, the fund has a 77.95% allocation to equity and 13.30% to Debt. NIFTY Mid Smallcap 400 TRI: 70%; and CRISIL Short Term Bond Fund Index: 30% are the fund’s benchmarks.

It has given 13.14% annual average return and 107% absolute returns since its inception. Whereas in last 1-year it has given 5.78% annualised returns, in 2 years 35.23% annualised returns, in 3 years 18.89% annualised returns, and in 5 years 12.36% annualized returns, respectively. The fund outperformed the benchmark in all investment tenure in terms of returns. Also, the fund has doubled the money invested in it every 3 years.

Annualised SIP Returns

It has given a negative return on a 1-year SIP.

1 Year 2 Year 3 Year 5 Year
-14.62% 16.23% 21.68% 14.88%

Edelweiss Arbitrage Fund (Direct-Growth Option)

Edelweiss Arbitrage Fund is an Arbitrage category hybrid fund rated 5-star by the CRISIL. The fund was launched on 27 June 2014 by the Edelweiss Mutual Fund. It is a medium-sized open-ended fund of its category.

The fund seeks to generate returns by investing in arbitrage opportunities in the cash and the derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market instruments.

The fund has Rs 7,133.98 Crores worth of assets under management (AUM). Its Net Asset Value (NAV) declared on 10th June 2022 is Rs 16.6266. The fund’s expense ratio is 0.35%, which is equal to its category average expense ratio. The fund has 56.55% investment in domestic equities, while the 37.23% investment in Debt, of which 19.18% is in Government securities, and 18.05% is in Low-Risk securities.

It has given better than its category average returns across the investment tenure on lump-sum investment. Since its launch, it has delivered 6.60% annualised returns, better than its category average of 5.78%. In 1 year it have 4.54%, in 2 years it gave 4.34%, in 3 years it gave 5.12% and in 5 years it gave 5.86% annualised returns, respectively.

Annualised SIP Returns

1 Year 2 Year 3 Year 5 Year
5.32% 4.70% 4.54% 4.46%

Kotak Debt Hybrid Fund (Direct-Growth Option)

This is the Conservative Hybrid Category from Kotak Mahindra Mutual Fund. This is also a medium-sized opened ended and moderately high risky fund of its category. The fund has been rated 5-star by the CRISIL, given good performance among its peer funds. The has also been rated moderately high risky for investments. It seeks capital appreciation by investing in debt securities, the Scheme will aim at generating regular returns, while enhancement of return is intended through investing in equity and equity-related securities.

It has Rs 1,456.69 Crores worth of assets under management (AUM). The Net Asset Value (NAV) of the fund is Rs 46.4105, declared on 10 June 2022. Its expense ratio is 0.45% which is less than its category average of 0.86%. The fund has 24.94% investment in domestic equities of which 14.91%, and 59.51% investment in Debt, of which 51.79% in Government securities, and 5.69% is in Low-Risk securities.

Over the last 10 years, the fund maintained healthy annualised returns, comparatively better than its category average across the horizon. The fund has given 4.98% returns in 1 year, 13.82% in 2 years, 11.50% in 3 years, and 8.99% in 5 years. It also maintained a healthy 10.41% annual average return since its launch. Also, it has doubled the money invested in it every 8 years.

Annualised SIP Returns

1 Year 2 Year 3 Year 5 Year
6.62% 9.06% 8.92% 9.12%


Mutual Fund investments are subject to market risk. Reall all terms and conditions carefully before investing. The above-mentioend information is purely informational and doesn’t guarantee any return. The Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article.

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Story first published: Monday, June 13, 2022, 16:33 [IST]

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