11 aggressive hybrid (balanced) mutual funds that have beat Nifty 100!!

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

three year rolling return performance of 11 aggressive hybrid (balanced) mutual funds that have beat Nifty 100!!

Screener results for 4 years

four year rolling return performance of 11 aggressive hybrid (balanced) mutual funds that have beat Nifty 100!!

Screener results for 5 years

five year rolling return performance of 11 aggressive hybrid (balanced) mutual funds that have beat Nifty 100!!

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.

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Updated: December 22, 2018 — 9:24 am

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M. Pattabiraman

This article is authored by M. Pattabiraman. He is the co-author of two books: You can be rich too with goal based investing and Gamechanger. He is a patron and co-founder of "Fee-only India" an organisation to promote unbiased, commission-free investment advice “Pattu” as he is popularly known, publishes research, analysis and holistic money management advice at freefincal.com which serves more than one million readers a year. Frefincal.com has more than a 100 free calculators on different aspects of insurance and investment analysis, including a robo advisory template for use by beginners.