Mutual fund investing stands as a cornerstone for individuals seeking to grow their wealth. As of now, five mutual funds have breached the ₹50,000-crore asset under management (AUM) mark. These funds, namely HDFC Balanced Advantage Fund, SBI Equity Hybrid Fund, HDFC Mid-Cap Opportunities Fund, ICICI Prudential Balanced Advantage Fund, and Parag Parikh Flexi Cap Fund, cater to different investment objectives.
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HDFC Balanced Advantage Fund
The HDFC Balanced Advantage Fund, with an AUM of ₹77,011 crore as of January 31, 2024, employs a dynamic asset allocation strategy, investing in a mix of equity and fixed-income securities.
This 30-year old fund aims to provide long-term capital appreciation while mitigating risks through its debt allocation.
Here's a look at returns of the fund:
| Time horizon | Returns (%) |
| 1-Year | 35.54% |
| 3-Year | 22.48% |
| 5-Year | 19.31% |
| 7-Year | 15.11% |
| 10-Year | 17.35% |
| Since Inception | 18.47% |
(Source: Value Research)
SBI Equity Hybrid Fund
SBI Equity Hybrid Fund has amassed an AUM of ₹65,010 crore as of January 31, 2024.
With an investment strategy balancing 65-80% in equity stocks and the remaining in bonds, the fund seeks to offer long-term capital appreciation with the liquidity of an open-ended scheme.
As an aggressive hybrid fund, it is suitable for investors looking for a balance between equity returns and risk mitigation, Value Research said.
Here's a look at returns of the fund:
| Time Horizon | Returns (%) |
| 1-Year | 20.44% |
| 3-Year | 11.69% |
| 5-Year | 14.17% |
| 7-Year | 12.62% |
| 10-Year | 14.8% |
| Since Inception | 15.52% |
(Source: Value Research)
HDFC Mid-Cap Opportunities Fund
The HDFC Mid-Cap Opportunities Fund, managing ₹59,027 crore in AUM as of January 31, 2024, focuses on mid-cap stocks, maintaining at least 65% of its assets in this category.
With a history of 16 years and seven months, the fund has delivered a return of 17.84% since inception.
Here's a look at returns of the fund:
| Time Horizon | Returns (%) |
| 1-Year | 49.4% |
| 3-Year | 29.23% |
| 5-Year | 25.22% |
| 7-Year | 18.35% |
| 10-Year | 22.42% |
| Since Inception | 17.84% |
(Source: Value Research)
ICICI Prudential Balanced Advantage Fund
With an AUM of ₹54,142 crore as of January 31, 2024, the ICICI Prudential Balanced Advantage Fund employs dynamic asset allocation, adapting its equity and fixed-income proportions based on market outlook.
With a track record of 17 years and one month, the fund has delivered a return of 11.30% since inception.
Here's a look at returns of the fund:
| Time Horizon | Returns (%) |
| 1-Year | 18.33% |
| 3-Year | 12.03% |
| 5-Year | 13.05% |
| 7-Year | 11.34% |
| 10-Year | 12.76% |
| Since Inception | 11.3% |
(Source: Value Research)
Parag Parikh Flexi Cap Fund
The Parag Parikh Flexi Cap Fund is managing an AUM of ₹55,034 crore as of January 31, 2024. Celebrating over a decade in existence, the fund has outperformed benchmarks and secured the top position in terms of inflows in 2023.
In 2023 alone, the Parag Parikh Flexi Cap Fund witnessed inflows of ₹11,400 crore, marking an 18% year-on-year (YoY) surge.
Its success can be attributed to the fund's average returns of over 38% in the past year, Value Research said.
Here's a look at returns of the fund:
| Time Horizon | Returns (%) |
| 1-Year | 39.23% |
| 3-Year | 22.31% |
| 5-Year | 24.4% |
| 7-Year | 21% |
| 10-Year | 21.22% |
| Since Inception | 20.45% |
(Source: Value Research)
(Edited by : Shoma Bhattacharjee)
First Published: Feb 13, 2024 5:25 PM IST
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