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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.
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About the Author
M. Pattabiraman is the co-author of two books: You can be rich too with goal based investing and Gamechanger. “Pattu” as he is popularly known, publishes unbiased, promotion-free research, analysis and holistic money management advice. Freefincal serves more than one million readers a year with numbers based analysis on topical issues and has more than a 100 free calculators on different aspects of insurance and investment analysis, including a robo advisory template for use by beginners. Contact information: freefincal {at} Gmail {dot} com He conducts free money management sessions for corporates (see details below). Previous engagements include World Bank, RBI, BHEL, Asian Paints.Content Policy
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