If there is such a fund, it can earn Rs 1 to Rs 65 lakh, it gives 21% return every year.

New Delhi. Small investment and bumper returns are the biggest desires of any investor. Every investor wants to earn maximum interest on minimum amount and there is no risk involved. If you are also looking for such an option then hybrid fund can be the best option. There are some hybrid funds in the market that have turned Rs 1 lakh into Rs 65 lakh in 22 years and the risk is negligible. During this period, the fund has given an annualized return of over 21 percent. Hybrid funds provide a much-needed diversified investment option for retail investors.

Over the years, one of the leading names in the hybrid space has been ICICI Prudential Mutual Fund, which has mastered the art of building its portfolio. Its offerings have emerged as top-performing companies across all categories when it comes to wealth creation.
ICICI Prudential’s Aggressive Hybrid Fund scheme invests at least 65% in equity and the remaining 20-35% in debt. It is suitable for investors with relatively high risk appetite. ICICI Prudential Equity & Debt Fund, which has consistently performed well in this category, has returned 25.88% over 3 years and 20.69% over 5 years. If a lump sum investment of Rs 1 lakh was made on November 3, 1999, it would have grown to around Rs 34.4 lakh by April 30, 2024. The annual return has been 15.54% over this long period as well.

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Balanced Fund also filled the bag.
Similarly, the 17-year ICICI Prudential Balanced Advantage Fund (BAF) is one of the best performers. The fund has given a CAGR of 13.49% over a 3-year period and a CAGR of 12.83% over a 5-year period, outperforming in volatile markets. A lump sum investment of Rs 1 lakh on December 30, 2006 becomes around Rs 6.5 lakh by April 30, 2024, i.e. 11.40% return per annum.

Multi-asset fund made rich
The multi-asset category offers a mix of equity, debt, gold/silver, REIT, InvIT etc. within a single fund. The largest and oldest fund in this category is ICICI Prudential Multi Asset Fund. This fund has given returns of 24.69% CAGR in 3 year period and 19.65% CAGR in 5 year period. In this, an investment of Rs 1 lakh on 31 October 2002 has grown to around Rs 65.42 lakh by 30 April 2024, a return of 21.45% per annum.

Low risk and high interest in savings fund
Equity Savings Funds are better for people who prefer less risk. On the equity side, the funds use derivatives, thereby reducing the risk profile of the exposure. This type of offering gives investors better returns than debt, but less than equity. Here, a return of 8.27% per annum over a 3-year period and 8.03% per annum over a 5-year period has been received.

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