Which mutual fund would be better to invest in, HDFC equity hybrid multi-cap or Aditya Birla Sunlife equity multi-cap fund for around 20 years?

HDFC Equity and Aditya Birla Sun Life Equity Fund are multi cap funds, though the word multi is not in their names.

• HDFC Mutual Fund merged two of its schemes, HDFCPremier Multi-Cap Fund and HDFC Balanced Fund, to form a new scheme called HDFC Hybrid Equity Fund. There is no hybrid multi-cap fund as such.

Both funds are good, though Aditya Birla has an edge over the other as of now. Over the long term (5 years plus), HDFC’s fund has done better.

Note that fund performance varies over time. When you invest, ensure you only do in Direct Plan variants of the Mutual Funds. You then get upto 40% more in long term portfolio size by avoiding commissions and brokers.

Links:

1. HDFC Equity Fund
2. Aditya Birla Sun Life Equity Fund