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Baroda Hybrid Equity Fund


1 Lakh

Investment Grown to
₹ 1.18 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.76 Lakh

Analyst's Choice?

Suitability:

When you invest for five years or above, you can expect gains that comfortably beat the inflation rate and are also higher than fixed income options. But be prepared for ups and downs in your investment value along the way.

Aggressive hybrid funds invest 65-80% of your money in equity shares and the rest in bonds and commodities. Their returns are slightly lower than 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 its sharp ups and downs.

Like all equity-linked investments, you must invest only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other aggressive hybrid fund, if you need to redeem your investment in less than five years.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends paid by the mutual fund scheme are taxed at the rate of 10% (effectively 11.648%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 2.14 -1.39 -0.68 -0.23 3.52 10.31 7.43 5.64 5.51 9.66 8.69
VR Balanced TRI -0.30 0.63 -0.57 -0.72 0.98 8.85 13.08 11.35 7.72 11.23 10.27
Hybrid: Aggressive Hybrid 0.91 -1.33 -0.71 -1.10 2.25 10.45 11.24 7.09 6.89 12.19 10.73
Rank within category 10 27 24 11 11 19 32 23 21 21 18
Number of funds in category 44 44 44 44 43 43 39 32 25 23 21

As on 24-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 17.21 (22-Oct-2007 - 29-Oct-2007) -14.29 (15-May-2006 - 22-May-2006)
Month 26.26 (28-Sep-2007 - 30-Oct-2007) -26.72 (12-May-2006 - 13-Jun-2006)
Quarter 54.55 (09-Mar-2009 - 10-Jun-2009) -33.65 (02-Sep-2008 - 02-Dec-2008)
Year 66.10 (09-Mar-2009 - 09-Mar-2010) -51.12 (14-Jan-2008 - 13-Jan-2009)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.80 10.05 0.11 0.16 0.82 -3.99
VR Balanced TRI 11.92 10.21 0.61 0.95 -- --
Hybrid: Aggressive Hybrid 8.38 9.75 0.28 0.44 0.83 -2.46
Rank within category 25 23 25 26 16 25
Number of funds in category 33 33 33 33 33 33

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-Jan-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 36
Top 10 Holdings (%) 44.03
Top 5 Holdings (%) 29.06
Top 3 Sectors (%) 48.28
Portfolio P/B Ratio 3.63
Portfolio P/E Ratio 26.87

Value Research Equity Fund Style

Value Research Debt Fund Style

Credit Rating vis-à-vis Category

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Top Debt Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 9.20% ICICI Bank 31/12/2050 Bonds AA+ 3.61 - 4.81 4.41
equal 8.75% State Bank of India Non Convertible Debenture AA+ 0.00 - 3.15 3.15
equal 8.65% Bank of Baroda 2022 Debenture AA+ 1.97 - 2.90 2.90
equal 8.20% National Bank Agr. Rur. Devp 13/03/2020 Privately Placed Debts AAA 0.00 - 2.48 2.48
equal 7.87% Larsen & Toubro 18/04/2022 Non Convertible Debenture AAA 0.00 - 1.48 1.48
equal 9.72% Punjab State 28/08/2023 State Development Loan SOV 0.78 - 1.13 1.13
equal Yes Bank Bonds/NCDs BBB 0.00 - 0.89 0.89
equal 7.85% National Bank Agr. Rur. Devp 23/05/2022 Non Convertible Debenture AAA 0.00 - 0.85 0.85
equal 8.75% Muthoot Finance 19/06/2021 Bonds/NCDs AA 0.59 - 1.41 0.82
equal Dewan Housing Fin. Corpn. 2023 Non Convertible Debenture D 0.00 - 0.70 0.70
equal 7.17% Nat. Highways Authority 23/12/2021 Non Convertible Debenture AAA 0.42 - 0.59 0.59
equal 7.83% IRFC 21/03/2027 Bonds AAA 0.48 - 2.35 0.55
equal 5.25% HDFC Bank 91-D Term Deposits -- 0.00 - 0.47 0.47
equal 8.24% GOI 15/02/2027 Central Government Loan SOV 0.20 - 0.29 0.29
equal 7.59% GOI 2026 GOI Securities SOV 0.15 - 0.21 0.21
equal 7.88% GOI 19/03/2030 GOI Securities SOV 0.10 - 0.15 0.15
equal 9.30% Dewan Housing Fin. Corpn. 16/08/2026 Bonds/NCDs D 0.00 - 0.09 0.09
equal 8.28% GOI 21/09/2027 Central Government Loan SOV 0.02 - 0.02 0.02
equal 7.17% GOI 2028 GOI Securities SOV 0.00 - 0.00 0.00

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

Sector Allocation vis-à-vis Category

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Top Equity Holdings

Company Sector P/E 3Y High 3Y Low % Assets
equal HDFC Financial 18.27 6.96 0.00 6.96
down HDFC Bank Financial 25.03 9.61 3.16 6.95
equal ICICI Bank Financial 36.24 6.82 0.00 6.82
equal Infosys Technology 20.80 4.92 0.00 3.92
equal State Bank of India Financial 24.82 3.28 0.70 3.28
equal City Union Bank Financial 21.61 3.05 0.00 2.96
equal HCL Technologies Technology 15.16 2.68 0.00 2.68
equal Tech Mahindra Technology 18.24 2.59 0.00 2.46
equal Larsen & Toubro Construction 17.85 3.05 0.55 2.40
equal Solar Industries Chemicals 37.15 2.35 0.00 2.35
equal Pidilite Industries Chemicals 66.20 2.34 0.00 2.34
equal Bajaj Finance Financial 53.25 2.25 0.00 2.25
equal Indraprastha Gas Energy 26.76 2.76 0.00 2.09
equal Axis Bank Financial 42.95 4.14 0.00 1.95
up Security and Intelligence Services Services 28.68 1.73 0.00 1.73
equal Nestle India FMCG 80.12 1.58 0.00 1.58
down Reliance Industries Energy 20.70 5.35 0.00 1.45
equal Divi's Laboratories Healthcare 44.25 3.04 0.00 1.41
equal KEC International Engineering 15.37 2.32 0.87 1.39
equal Ultratech Cement Construction 35.50 1.36 0.00 1.36
equal Atul Chemicals 22.85 1.32 0.00 1.32
new Escorts Automobile 22.08 1.32 0.00 1.32
down Marico FMCG 32.15 2.86 0.00 1.30
equal Fortis Healthcare (India) Healthcare 49.14 1.26 0.00 1.26
equal Bharti Airtel Communication -- 1.55 0.00 1.24

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Jan-2020

Fund Manager

— Dipak Acharya since 16-Mar-2006

Education: Mr.Acharya is M.Com., AICWA, CAIIB & PGPMS

Experience: Prior to joining Baroda AMC in 2008 he has worked with BOB.

Funds Managed:

— Sanjay Chawla since 01-Nov-2015

Education: Mr. Sanjay Chawla holds a Masters degree in Management Studies from BITS, Pilani.

Experience: Prior to joining Baroda Mutual Fund, he worked as Senior Fund Manager with BSL AMC. Before joining Birla, he worked as Head of Research with SBI Capital Markets and has worked in various capacities in equity research space in Motilal Oswal Securities, IDBI Capital Markets, SMIFS Securities, IIT Invest Trust & Lloyds Securities.

Interviews:

Funds Managed:


-1.39%

Change from previous, NAV as on 24-Feb-2020

Growth: ₹ 56.8200

Dividend: ₹ 15.4600


Investment Strategy

The scheme aims to provide long term capital appreciation along with stability through a well balanced portfolio comprising of equity, equity related instruments, highly rated debt portfolio and money market instruments.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 1
Minimum Balance (₹) 1
Exit Load 1% for redemption within 365 days

Basic Details

Fund House: Baroda Mutual Fund
Launch Date: 12-Sep-2003
Return Since Launch: 11.13%
Benchmark: CRISIL Hybrid 35+65 Aggressive
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 485 Cr (As on 31-Jan-2020)
Expense: 2.51% (As on 31-Jan-2020)
Risk Grade: High
Return Grade: Below Average
Turnover: 126.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend24-Dec-20190.2922

 04-Oct-20190.2922
 27-Jun-20190.3010
 22-Mar-20190.2922
 26-Dec-20180.3099
 26-Sep-20180.3542
 02-Jul-20180.3542
 16-Mar-20180.6000
 29-Dec-20170.5000
 27-Sep-20170.5000
 30-Jun-20170.4000
 24-Mar-20170.4000
 30-Dec-20160.5000
 30-Sep-20160.5000
 24-Jun-20160.5000
 23-Mar-20161.0000
 30-Dec-20151.5000
 28-Sep-20151.9000
 26-Jun-20154.0000
 30-Jan-201510.0000
 17-Jan-20143.5000
 25-Jan-20132.0000

Contact Information

AMC: Baroda Asset Management India Ltd

Address: 501, Raheja Titanium, Western Express Highway, Goregoan, (E) Mumbai - 400063

Phone: +91 22-3074 1000

Fax: +91 22-3074 1001

Email: [email protected]

Website: www.barodapioneer.in

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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