What are the different types of hybrid schemes?
Hybrid funds have total 7 different schemes:
Conservation hybrid fund
Balance hybrid fund
Balance hybrid fund invests in equity and debt instruments in equal proportion, but in most cases investment in equity instruments are slightly higher than debt instruments.
Aggressive hybrid fund
Aggressive hybrid funds invests predominantly in equity, about 65-80% and the remaining 20-35% is invested in debt instruments.
Dynamic assets allocation or balanced hybrid fund
Equity saving fund
A mutual fund company can offer either an aggressive hybrid fund or balanced fund.