Worried about market volatility? Here are 7 hybrid funds that can provide stability, high growth

The wild swings in the market — from record highs following the exit polls to one of the biggest drops on June 4 as results trickled in — have left many investors jittery. The market is expected to remain volatile for some time as concerns about the stability of the government and “coalition compulsions” weigh on sentiment. Experts, however, advise investors not to get swayed by short-term volatility and focus on long-term investment goals. Investors with a medium risk profile who are concerned about the current volatility can consider investing in the aggressive hybrid funds. Within the hybrid funds categories, aggressive hybrid funds are investing 65-80 percent in equity and the rest in debt assets. These funds are good picks for many portfolios as they allow you investors to participate on the upside, while cushioning the downside better compared to pure equity funds. Here's a list of seven top-performing schemes from the aggressive hybrid funds category. We have only considered schemes with 10-year track record. These have been shortlisted based on the five-year rolling return which has been calculated on their 10-year data.

Quant Absolute Fund

5-year rolling return (CAGR) (calculated on the basis of last 10 year’s data): 15.7%
Fund managers: Ankit A Pande, Vasav Sahgal and Sanjeev Sharma

Also see: Ignore short-term gyrations. Here are five simple index funds for long-term wealth creation

ICICI Prudential Equity & Debt Fund

5-year rolling return (CAGR) (calculated on the basis of last 10 year’s data): 13.1%
Fund managers: Mittul Kalawadia and Sankaran Naren, Akhil Kakkar, Manish Banthia, Sharmila D'mello and Sri Sharma

Canara Robeco Equity Hybrid Fund

5-year rolling return (CAGR) (calculated on the basis of last 10 year’s data): 12.2%
Fund managers: Ennette Fernandes, Shridatta Bhandwaldar and Avnish Jain

DSP Equity & Bond Fund

Five-year rolling return (CAGR): 11.3%
Fund managers: Abhishek Singh and Kedar Karnik

Also see: Check out these election-proof sectors; Are you invested in them?

SBI Equity Hybrid Fund

Five-year rolling return (CAGR): 11.2%
Fund managers: Rama Iyer Srinivasan, Rajeev Radhakrishnan and Mansi Sajeja

Kotak Equity Hybrid Fund

5-year rolling return (CAGR): 11.1%
Fund managers: Abhishek Bisen and Atul Bhole

Sundaram Aggressive Hybrid Fund

5-year rolling return (CAGR): 10.8%
Fund managers: Ravi Gopalakrishnan, Bharath S, Dwijendra Srivastava and Sandeep Agarwal

Also see: Mid-cap and Small-cap Funds: How can retail investors get the best out of them?