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This Aggressive Hybrid Fund Has Given 19.24% Annual Average Returns, Details Here

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Investors should be careful of funds that accept credit risk on the debt side of the portfolio when choosing one from these categories. With stock markets having risen dramatically over the last two years, profits earned by hybrid schemes have lagged behind pure-play equity schemes. These funds invest in a combination of equities and debt and adjust their allocation dynamically to match market conditions.

 

Here, we have given insights into one such fund. The is a newly launched fund and not yet rated. However, this has offered promising returns since its inception.

Union Hybrid Equity Fund - Direct Plan-Growth

Union Hybrid Equity Fund - Direct Plan-Growth

This Aggressive Hybrid Mutual fund was launched on 18th December 2020 by the Union Mutual fund. It is an open-ended small fund in its category. This fund, the Direct Plan Scheme-Growth has Rs 554.43 Crore Asset Under Management. The NAV or Net Asset Value Of this fund has Rs 12.61, declared on 13th April 2022. The expense ratio of this fund is 1.67% which is high compared to its category average expense ratio. 


The fund is a highly risky fund for investments. Its benchmark is CRISIL Hybrid 35+65 Aggressive Index. To start SIP in this scheme, the minimum amount required is Rs 5000, whereas, for SIP, it is Rs 2000. The scheme has no lock-in period. However, it charges a 1% exit load if redeemed within 15 days of investment. The plan seeks long-term capital growth and income via a portfolio primarily comprised of equities and equity-related instruments. In addition, the scheme would invest in debt and money market securities.

Absolute And Annualised Returns
 

Absolute And Annualised Returns

Lump-Sum Investment Returns

This fund has given 19.24% average annual returns since its inception.

Investment PeriodAbsolute ReturnsAnnualised Returns
1 Year19.64%19.64%
Since Inception26.10%19.24%

SIP Returns

SIP PeriodAbsolute ReturnsAnnualised Returns
1 Year3.73%7.00%
Portfolio

Portfolio

Currently, the fund has a 75.86% allocation to equity and 18.25% to Debt.

The fund's debt has a low credit grade, meaning that the borrowers to whom it has given money are not of high quality.

The equity element of the fund is predominantly invested in the financial, technology, energy, healthcare, and automobile industries.

In comparison to other funds in the category, it has acquired less exposure in the financial and technology industries.

Reliance Industries Ltd., Infosys Ltd., ICICI Bank Ltd., HDFC Bank Ltd., and National Bank For Agriculture & Rural Development are the fund's top five holdings.

Disclaimer

Mutual fund investments are subject to market risk. Read all scheme-related documents, and Terms and Conditions carefully before investing. The above-mentioned 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.

Read more about: mutual funds mutual fund sip
Story first published: Saturday, April 16, 2022, 10:56 [IST]
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