Last Updated on
Here are 11 aggressive hybrid (balanced) mutual funds that have beat Nifty 100!! The point is to illustrate how easy it is to get such fund shortlists using the freefincal mutual fund consistency screener. The Dec 2018 was published a couple of days ago. As readers may be aware, I have been comparing the performance of aggressive hybrid funds like HDFC Hybrid Equity Fund and ICICI Prudential Equity & Debt Fund with Nifty 100 and it would be instructional to see how the category has fared against the Nifty 100.
Using the screener, we first shortlist the aggressive hybrid category (this can be done at the click of a button if you use the macro screener). There are 25 such funds.
Then you ask: How many funds have a rolling return outperformance score of greater than or equal to 70% with regard to the Nifty 100 Total returns index. This means that suppose we compute the return over 3Y in 700 different periods, the fund (direct plan) should have beat the index at least 490 times or more.
We demand a rolling return outperformance score of >= 70% for every possible 3Y, 4Y and 5Y between now and Jan 1st 2013 (when direct plans were introduced).
Next, we demand a downside protection consistency score of greater than or equal to 90% with regard to the Nifty 100 Total Returns Index. So here we compare the monthly returns of the fund with the index over every possible 3Y, 4Y and 5Y. The fund should have fallen less than the index when the index monthly return was negative with a consistency of 70% or more. See the screener download post for a technical definition.
We demand a downside protection consistency score of >= 70% for every possible 3Y, 4Y and 5Y between now and Jan 1st 2013. So with this, we have the 11 funds.
11 aggressive hybrid (balanced) mutual funds that have beat Nifty 100!!
| Franklin India Equity Hybrid Fund – Direct – Growth |
| HDFC Children’s Gift Fund Investment Plan-Direct Plan |
| Aditya Birla Sun Life Equity Hybrid’95 Fund – Direct Plan-Growth |
| Canara Robeco Equity Debt Allocation Fund – Direct Plan – Growth |
| DSP BlackRock Equity & Bond Fund – Direct Plan – Growth |
| ICICI Prudential Equity & Debt Fund – Direct Plan – Growth |
| Principal Hybrid Equity Fund- Direct Plan – Growth Option |
| Reliance Equity Hybrid Fund – Direct Plan Growth Plan |
| SBI EQUITY HYBRID FUND – DIRECT PLAN – Growth |
| Tata Retirement Savings Fund Moderate -Direct Plan Growth |
| L&T Hybrid Equity Fund – Direct Plan-Growth |
Screener results for 3 years
Screener results for 4 years
Screener results for 5 years
The data for five years is quite less in number, but it is, what it is.
Video Version
How to use this list
The idea here is to encourage such an analysis with your funds. I am not suggesting that you exit your current funds and choose these. Please recognise that Nifty 100 is too tough a benchmark for an aggressive hybrid fund normally. The point here is that it is possible to beat it because of the good downside protection the balanced fund have by nature.
Download the freefincal equity mutual fund outperformance screener
More videos from freefincal @ Youtube
About the Author
M. Pattabiraman(PhD) is the founder, managing editor and primary author of freefincal. He is an associate professor at the Indian Institute of Technology, Madras. since Aug 2006. Connect with him via Twitter or Linkedin
Pattabiraman has co-authored two print-books, You can be rich too with goal-based investing (CNBC TV18) and Gamechanger and seven other free e-books on various topics of money management. He is a patron and co-founder of “Fee-only India” an organisation to promote unbiased, commission-free investment advice.He conducts free money management sessions for corporates and associations on the basis of money management. Previous engagements include World Bank, RBI, BHEL, Asian Paints, Cognizant, Madras Atomic Power Station, Honeywell, Tamil Nadu Investors Association. For speaking engagements write to pattu [at] freefincal [dot] com
About freefincal & its content policy
Freefincal is a News Media Organization dedicated to providing original analysis, reports, reviews and insights on developments in mutual funds, stocks, investing, retirement and personal finance. We do so without conflict of interest and bias. We operate in a non-profit manner. All revenue is used only for expenses and for the future growth of the site. Follow us on Google NewsFreefincal serves more than one million readers a year (2.5 million page views) with articles based only on factual information and detailed analysis by its authors. All statements made will be verified from credible and knowledgeable sources before publication.Freefincal does not publish any kind of paid articles, promotions or PR, satire or opinions without data. All opinions presented will only be inferences backed by verifiable, reproducible evidence/data. Contact information: letters {at} freefincal {dot} com (sponsored posts or paid collaborations will not be entertained)
Connect with us on social media
- Twitter @freefincal
- Subscribe to our Youtube Videos
- Posts feed via: Feedburner
Our Publications
You Can Be Rich Too with Goal-Based Investing
This book is meant to help you ask the right questions, seek the right answers and since it comes with nine online calculators, you can also create custom solutions for your lifestyle! Get it now. It is also available in Kindle format.Gamechanger: Forget Startups, Join Corporate & Still Live the Rich Life You Want
This book is meant for young earners to get their basics right from day one! It will also help you travel to exotic places at low cost! Get it or gift it to a young earnerYour Ultimate Guide to Travel
Free Apps for your Android Phone
- All calculators from our book, “You can be Rich Too” are now available on Google Play!
- Install Financial Freedom App! (Google Play Store)
- Install Freefincal Retirement Planner App! (Google Play Store)
- Find out if you have enough to say "FU" to your employer (Google Play Store)
