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Best Performing Hybrid Mutual Funds To Invest In 2023

Personal Finance Know More 24-11-2022 | 5 min read

Are you looking for the best performing hybrid mutual funds to invest into in 2023? Then this article is for you! As the name implies, hybrid funds invest in a wide range of assets, most commonly in stocks and debt. Their main goal is to reduce concentration risk through diversification. If equity funds are a worry for you then hybrid funds are your best option. It lessens the risk while still allowing you to pursue the highest possible profits over time. You can put your money in the most satisfactory hybrid mutual funds or best-balanced funds. For your convenience, we have compiled a list of the best performing hybrid funds to put your money into in 2023.

  1. IClCI Prudential Equity & Debt Fund

In the last three years, the ICICI Prudential Equity & Debt Fund has had a CAGR of 29.2%, and CAGR of 14.6% since its inception. The hybrid sub-category of ICICI Prudential Mutual Funds includes the ICICI Prudential Equity & Debt Fund. Rs. 5,000 in a lump-sum or Rs 100 in a SIP is the minimum amount needed to invest in the ICICI Prudential Equity & Debt Fund. For additional investment, the minimum amount is Rs. 1,000.

2. ICICI Prudential Regular Savings Fund

This is the second best hybrid mutual fund to invest in 2023. It has maintained a CAGR of 10.2% for the last three years, and has a CAGR of 9.7% till date. This scheme is Suitable for investors aiming to invest a major portion of their investment in debt related instruments and the remaining one in equity. It needs a minimum investment of Rs 5,000 And Rs. 500 for additional investment. Minimum SIP is Rs. 100.

3. HDFC Hybrid Debt Fund

For the past three years, HDFC Hybrid Debt Fund has had a CAGR of 13% and a CAGR Of 10.1% since its inception. It has a minimum investment, minimum additional Investment and minimum SIP investment of Rs. 100. Furthermore, this fund is suitable for investors with a primary interest to invest in debt securities and money market instruments, and have moderate exposure to equities. HDFC Hybrid Mutual Funds are also suitable for the people seeking to generate long-term or capital appreciation.

4. UTI Hybrid Equity Fund

In the last three years, UTI Hybrid Equity Fund has shown a consistent CAGR of 24.9% and a CAGR of 14.6% since its inception. It has a proven performance track record of over 25 years across the market cycles. Investors looking for long term wealth creation And the ones looking to diversify through portfolio mix of equity (for growth) and debt (for limiting downside), this fund is ideal for you. It has a minimum investment amount and minimum additional investment of Rs. 1000. The minimum SIP amount is Rs. 500.

5. HDFC Hybrid Equity Fund

In the past three years, HDFC Hybrid Equity Fund has shown a CAGR of 24.8% and a CAGR of 15.3%. Its objective is to generate capital appreciation or income, predominantly of equity and equity related instruments. This scheme also invests in debt and money market instruments. Like HDFC Hybrid Debt Fund, this fund has a minimum Investment, minimum additional investment, and minimum SIP investment of Rs. 100.

6. Aditya Birla Sun Life Savings Fund

The CAGR of Aditya Birla Sun Life Savings Fund is 13.8% over the last three years, and an all time CAGR of 9.3%. It has a minimum investment of Rs. 5,000 and a minimum of Rs. 1,000 for SIP. This fund is ideal for investors looking for reasonable returns with convenience of liquidity over the short term.

7. DSP Saving Fund 

DSP Saving Fund has had a CAGR of 9.3% for the last three years, and of 8.4% since its inception. It has a track record of over 23 years and invests in high-quality money market securities. It has a minimum lump-sum investment, additional investment, and SIP investment of Rs. 500.

Who Should Invest in These Funds?

If you are aiming to diversify your portfolio, or if you are a conservative investor, who is unwilling to take higher risk and are seeking to earn a decent return, then this fund is ideal for you. However, hybrid funds with an emphasis on equities can accommodate investors who need their money to grow rapidly.

Before investing in hybrid mutual funds, it is vital to think about the following:

  • Investing Aims:

Each investor has their unique reasons for investing. You should first determine what you want to achieve financially before settling on a savings vehicle.

  • Risk assessment:

Investors’ comfortability with different risk levels varies. You may prefer a high-risk portfolio, while another may prefer a low-risk fund. Before putting money into the stock market, you should know your comfort level with risk.

  • This fund’s historical returns:

Always research the fund’s track record of performance and compare it to similar choices, before making a decision.

  • Rate of spending:

The term is shorthand for an asset management firm’s upkeep fee (AMC). This cost differs across different plans. Hence, before investing money in a hybrid fund, one must be aware of the fund’s expense ratio.

  • Intentional and consistent strategy:

There are no middlemen involved in direct plans, as they are provided directly by the fund firms. However, conventional plans require individuals to invest through intermediaries such as brokers or distributors. When compared to standard mutual fund programmes, the fee ratio is lower in the former. Because of this, their NAV is higher than that of standard plans.


The goal of a hybrid mutual fund is to provide investors with the advantages of both equity and fixed-income markets. The plan’s objective is to provide short-term stability and consistent income via debt while providing long-term capital appreciation through equity. The management of a mutual fund keeps the portfolio properly diversified at all times, taking into account the fund’s stated purpose and the current and future state of the market.If you’re new to both mutual funds and investing, Piramal Finance offers accurate information on banking and financial services and helps you to learn more by explaining the basics of hybrid mutual funds. Make sure your financial knowledge is up to date about essential services and products, such as personal loans an

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