April 15, 2023
mayank
IDBI Hybrid Equity Fund
NAV Growth: Rs 17.1152
NAV IDCW: Rs 15.6978
Suitable For Which Investors?
When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. But be prepared for ups and downs in your investment value along the way.
Aggressive hybrid funds invest 65-80 per cent of your money in equity shares and the rest in bonds. Their returns are slightly lower than those of pure equity funds which invest all your money in shares, but they also fall relatively less when the stock markets decline. This makes them suitable for conservative equity investors or first-time equity investors who are not used to sharp ups and downs.
Like for all equity-linked investments, you must invest only through the SIP route.
Fund’s Investment Strategy:
The scheme seeks to generate long-term capital appreciation and current income from a portfolio constituted of equity and equity related securities as well as fixed income securities (debt and money market securities).
Fund Manager:
1) Alok Ranjan
Education: Mr. Ranjan has done MBA (Finance), BSc Physics (Honors)
Experience: Prior to joining IDBI Asset Management Limited he was associated with Shriram Asset Management Ltd. as Fund Manager (Equity), Way2wealth Securities Ltd. as Head of Research and Advisory and First Global Ltd. as Vice President- Research.
2) Raju Sharma
Education: Mr. Sharma is a Commerce Graduate and holds a degree of CA and LLB.
Experience: Prior to joining IDBI Mutual Fund, he has worked with Tata Mutual Fund, Indiabulls Mutual Fund, JM Morgan Stanley and DHFL.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | 1 |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 365 days |
Basic Details
| Fund House | IDBI Mutual Fund |
| Launch Date | 24-Oct-16 |
| Return Since Launch | 8.66% |
| Benchmark | CRISIL Hybrid 35+65 Aggressive Index |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 170 Cr |
| (As on 31-Mar-2023) | |
| Expense | 1.67% |
| (As on 28-Feb-2023) | |
| Risk Grade | Average |
| Return Grade | Below Average |
| Turnover | 134.00% |
IDBI Hybrid Equity Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| IDBI Hybrid Eqt Dir | -1.55 | 0.01 | 2.51 | -0.79 | 3.06 | -0.02 | 17.63 | 6.60 | — | — |
| VR Balanced TRI | -1.00 | 0.08 | 3.58 | -0.33 | 4.90 | 3.60 | 23.08 | 11.54 | — | — |
| Hybrid: Aggressive Hybrid | -0.58 | 0.03 | 2.80 | -0.19 | 3.09 | 2.90 | 21.99 | 10.33 | — | — |
| Rank within category | 36 | 25 | 36 | 38 | 21 | 37 | 36 | 30 | — | — |
| Number of funds in category | 46 | 46 | 46 | 46 | 46 | 45 | 42 | 31 | 26 | 21 |
IDBI Hybrid Equity Fund Peer Comparison
| Fund name | Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) |
| IDBI Hybrid Eqt Dir | 2 star | -0.02 | 17.63 | 6.60 | 1.67 | 170 | 8.66 | 1.00 (365) | 6yrs 5mo | 134.00 |
| ICICI Pru Eqt & Debt Dir | 5 star | 5.92 | 29.86 | 14.53 | 1.20 | 21,436 | 16.25 | 1.00 (365) | 10yrs 3mo | 35.00 |
| Canara Robeco Eqt Hybrid Dir | 4 star | 2.81 | 20.08 | 12.21 | 0.63 | 8,247 | 13.83 | 1.00 (365) | 10yrs 3mo | 23.00 |
| Mirae Asset Hybrid Eqt Dir | 4 star | 2.96 | 22.09 | 12.29 | 0.36 | 6,949 | 12.77 | 1.00 (365) | 7yrs 8mo | 61.00 |
| HDFC Children’s Gift Dir | 5 star | 11.03 | 27.74 | 12.85 | 0.96 | 6,282 | 15.38 | — | 10yrs 3mo | 4.78 |
Portfolio Analysis
| No. of Stocks | 42 |
| Top 10 Holdings | 51.36% |
| Top 5 Stocks | 34.96% |
| Top 3 Sectors | 44.07% |
| Portfolio P/B Ratio | 3.41 |
| Portfolio P/E Ratio | 23.20 |
| Avg Credit Rating | AAA |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,86,688 | 1,57,588 |
| Giant (%) | 61.35 | 58.73 |
| Large (%) | 16.48 | 15.22 |
| Mid (%) | 17.90 | 19.62 |
| Small (%) | 4.26 | 8.05 |
| Tiny (%) | — | 0.04 |
| Number of Securities | 47 | 64 |
| Modified Duration (yrs) | 2.99 | 2.43 |
| Average Maturity (yrs) | 3.82 | 3.86 |
| Yield to Maturity (%) | 7.55 | 7.59 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For IDBI Hybrid Equity Fund
Do not invest in this, or any other aggressive hybrid fund, if you need to redeem your investment in less than five years.
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