There are around 116 equity-oriented hybrid funds in the market. Around 90 schemes offered double-digit returns, according to data pulled from ACE MF.
2 JM Aggressive Hybrid Fund
This aggressive hybrid scheme topped the returns chart offering 48.98% in FY2024. The scheme is benchmarked against CRISIL Hybrid 35+65 - Aggressive Index, which gave 27.27% returns in FY24.This aggressive hybrid scheme topped the returns chart offering 48.98% in FY2024. The scheme is benchmarked against CRISIL Hybrid 35+65 - Aggressive Index, which gave 27.27% returns in FY24.
3 Bank of India Mid & Small Cap Equity & Debt Fund
The scheme gave 46.02% in FY24. It is benchmarked against Nifty MidSmallcap 400 - TRI, which gave 59.75% during the period.
4 Quant Multi Asset Fund
This multi-asset allocation fund gave 43.48% in FY24. The scheme is benchmarked against CRISIL Short Term Bond Index, which gave 7.61%.
5 ICICI Pru Equity & Debt Fund
The scheme gave 41.11% returns in FY24. It is benchmarked against CRISIL Hybrid 35+65 - Aggressive Index, which gave 27.27% during the period.
6 UTI Multi Asset Allocation Fund
A multi-asset allocation, UTI Multi Asset Allocation Fund, gave 39.73% in FY24. The tier 2 benchmark of the scheme is S&P BSE 200, which gave 36.69% during the same period.
7 HDFC Balanced Advantage Fund
The scheme gave 39.65% in FY24. It is benchmarked against NIFTY 50 - TRI, which gave 30.08% during the same period.
8 Quant Absolute Fund
The scheme gave 36.61% in FY24. It is benchmarked against NIFTY 50 - TRI, which gave 30.08% during the period.