SBI Mutual Fund:
Among the three largest funds in the aggressive hybrid fund segment, SBI Mutual Fund has the lowest returns. It has given investors a lower advantage than even the Nifty 50 hybrid debt benchmark.
The same scheme of ICICI Prudential Fund has given the highest return among the top three funds. According to ValueU Research, the average asset under management (AAUM) of SBI Equity Hybrid Fund stood at Rs 49,425 crore as on March 2022, while the AUM of ICICI Prudential’s hybrid fund stood at Rs 18,928 crore.
HDFC Mutual Fund’s hybrid fund has an AUM of Rs 18,430 crore. Statistics show that SBI’s scheme has given a return of only 3.38 per cent in one year, 20.78 per cent in two years and 11.33 per cent in three years.
ICICI Prudential’s hybrid scheme has given a return of 16.77 per cent in one year, 33.68 per cent in two years and 17.20 per cent in three years. HDFC’s hybrid scheme has given investors a profit of 4.31, 25.83 and 11.41 per cent in the same year. The benchmark Nifty 50 hybrid and debt fund of this scheme has given returns of 4.71 per cent in one year, 20.29 per cent in two years and 11.49 per cent in three years.
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According to data, the total AUM of this scheme in the mutual fund till May 31, 2022 was Rs 1.44 lakh crore. There are a total of 32 schemes with 51.16 lakh folios. Folio means customers’ mutual fund account. Most of the conservative investors come in this fund i.e. those who want a moderate return on low risk.
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SBI
Mutual Fund had set a record of raising the highest amount of Rs 14,500 crore through New Fund Offer (NFO) in August last year, but in 6 months, the fund has lost 2.78 per cent. The mutual fund industry continues to grow well and its total assets under management (AUM) in May stood at Rs 38.79 lakh crore.
SBI Mutual Fund is the largest fund house in the mutual fund industry with an AUM of Rs 6.47 lakh crore (March-2022). ICICI is the second largest company in terms of Prudential AUM. Experts say that investors should turn to those fund houses which have better returns. However, the basis of return is determined by the company’s portfolio and may vary from company to company.
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