Hybrid mutual funds invest in a mixture of underlying assets such as equity, debt, and gold instruments. The combination of the investment depends on the investment objective of the particular fund. Also, the returns and risk schemes will be based on the type of allocation for each asset class.

It can be a fund suitable to all kinds of investors, providing a wide range of combinations and different forms of advantages and risks associated with it. Look at the top hybrid mutual fund list here to understand more.

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List of Hybrid Mutual Funds in India

Fund Name	Category	Risk	NAV	Expense Ratio	1Y Returns	3Y Returns	5Y Returns	7Y Returns	10Y Returns	Rating	Fund Size (in Cr)	Exit Load
Nippon India Multi Asset Allocation Fund	Hybrid	Very High	26.55	0.86	16.0%	20.5%	16.7%	--	--	4	?15,481	Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 12 months. See more
ICICI Prudential Multi Asset Fund	Hybrid	Very High	892.76	0.79	7.2%	17.4%	17.9%	17.7%	16.7%	5	?84,165	Exit Load for units in excess of 30% of the investment,1% will be charged for redemption within 365 days. See more
Quant Multi Asset Allocation Fund	Hybrid	High	181.12	0.61	20.4%	24.8%	21.3%	25.4%	19.2%	5	?5,615	Exit load of 1%, if redeemed within 15 days.
HDFC Balanced Advantage Fund	Hybrid	Very High	564.46	0.77	1.3%	15.1%	15.7%	15.2%	14.8%	5	?1,04,016	Exit Load for units in excess of 15% of the investment,1% will be charged for redemption within 1 year. See more
SBI Children's Fund	Hybrid	Very High	51.38	1.17	17.7%	23.1%	25.3%	--	--	5	?6,387	With respect to units not subject to lock-in period and the holding period is less than 3 years: Exit load of 3% if redeemed within 1 year, 2% if redeemed after 1 year but within 2 year, 1% if redeemed after 2 year but within 3 year. See more
ICICI Prudential Equity & Debt Fund	Hybrid	Very High	448.16	1.06	4.3%	16.7%	17.3%	17.6%	16.4%	5	?50,032	Exit load for units in excess of 30% of the investment,1% will be charged for redemption within 365 days See more
SBI Magnum Children's Benefit Fund	Hybrid	Very High	48.21	0.82	7.3%	24.1%	32.8%	--	--	5	?5,052	With respect to units not subject to lock-in period and the holding period is less than 3 years: Exit load of 3% if redeemed within 1 year, 2% if redeemed after 1 year but within 2 year, 1% if redeemed after 2 year but within 3 year. See more
SBI Multi Asset Allocation Fund	Hybrid	Very High	74.30	0.76	13.8%	17.6%	14.4%	14.8%	12.4%	4	?18,289	For units in excess of 10% of the investment, 1% will be charged for redemption within 12 months See more
SBI Equity Hybrid Fund	Hybrid	Very High	345.91	0.77	4.6%	13.9%	11.8%	13.3%	13.0%	4	?84,010	For units in excess of 10% of the investment,1% will be charged for redemption within 365 days See more
DSP Multi Asset Allocation Fund	Hybrid	Very High	16.66	0.67	19.1%	--	--	--	--	--	?9,801	Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 12 months. See more
Kotak Multi Asset Allocation Fund	Hybrid	Very High	16.45	0.52	22.5%	--	--	--	--	--	?13,958	Exit Load for units in excess of 30% of the investment,1% will be charged for redemption within 1 year. See more
Tata Arbitrage Fund	Hybrid	Low	16.08	1.02	6.6%	7.7%	6.7%	6.5%	--	5	?22,760	Exit load of 0.25%, if redeemed within 15 days.
SBI Balanced Advantage Fund	Hybrid	Very High	16.54	0.88	4.1%	11.9%	--	--	--	4	?40,673	For units in excess of 10% of the investment,1% will be charged for redemption within 1 year. See more
Parag Parikh Conservative Hybrid Fund	Hybrid	Moderately High	15.99	0.28	4.9%	10.8%	9.7%	--	--	5	?3,344	For units in excess of 10% of the investment,1% will be charged for redemption within 365 days See more
WhiteOak Capital Multi Asset Allocation Fund	Hybrid	High	16.20	1.19	12.8%	16.7%	--	--	--	5	?7,498	-
View All

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Who Should Invest in Hybrid Mutual Funds?

Hybrid mutual funds are suitable for:

Conservative Investors
Beginner Investors
Aggressive Investors
Moderate Investors

They can suit all these categories, given that they come in various combinations. These funds vary in levels of risks, asset allocations, capital appreciation, and diversification. This makes them a fund suitable for all kinds of investment styles and objectives.

Factors to Consider While Investing in Hybrid Funds

The major factors to be considered while finding the best hybrid funds and making investments are:

Returns

These funds do not come with guaranteed returns, and their return can be affected by the performance of the underlying assets. This equity market performance can affect the returns to the tune of equity exposure of the fund.

Investment Horizon

These funds are known to be suitable for investors with a medium-term horizon (3 to 5 years.) Moreover, the longer the time period, the better the chances of getting a stable and higher return from the fund.

Risks

Investments in hybrid funds do not come without risks. The risk of a hybrid fund primarily depends on the percent of allocation on equity holdings. The higher the equity holdings in the portfolio, the greater the risk associated with the fund and vice-versa.

Strategy of Investment

While finding the best performing hybrid mutual funds, it is crucial to note the combination of the assets chosen, the proportion in every asset, and the strategy of investment that is determined by the fund manager. This is because an investor can't influence these components.

Other Costs

Hybrid funds will also come with a fee known as expense ratio, and the lower the expense ratio, the less it will bite off your investment.

Major Advantages

Here some benefits of investing in the best hybrid mutual funds 2025:

Active risk management: Hybrid mutual funds enable fund managers to actively optimise the portfolio risk and return by investing in a prudent mix of non-correlated asset categories.

Suitable for various risk profiles: The risk factor associated with the best hybrid mutual funds ranges from low to high. It depends upon the type of fund and its asset allocation. Hence, investors can choose a scheme that is best suited for their risk profile and investment goal.

Exposure to multiple asset classes: Hybrid mutual funds invest in different asset categories and diversify the investment. Hence, investors gain exposure to more than one class of assets by investing in a single product.

Investment in asset sub-classes: Besides investing in multiple asset categories, hybrid funds invest across different sub-classes within an asset category. For example, the equity component of these funds may include investments in large-cap, small-cap and mid-cap stocks.

Investment modes: There are two ways to invest in hybrid MF schemes – lumpsum and SIP. The former allows investors to invest once in a mutual fund scheme. That said, please note that one may have to invest at least Rs.1,000 for this route. A systematic investment plan (SIP) enables investors to allocate their funds to a hybrid scheme by paying a fixed sum at regular intervals, for example, monthly or quarterly. The SIP amount can be as low as Rs.500, which varies for individual schemes.

Risks Involved While Investing in Hybrid Funds

The major risks to consider while finding the best hybrid mutual funds to invest in 2025 are-

Market Risks: Given that the equity markets are volatile and hybrid funds have exposure to equities, they can carry market risks. Therefore, the fall in stock prices can also impact the fund's value.
Interest Rate Risk: Interest rates are inversely connected to bond prices. Bond prices decline when interest rates rise. This may result in a decrease in the fund's value again.
Credit Risk: If a hybrid fund invests in debt instruments with low credit ratings, the risk of failure is considerable. If an organization fails to return interest and/or principle, the fund's value may fall dramatically.

FAQs

Q1. What is meant by a hybrid mutual fund?

A hybrid mutual fund is when the fund is invested in various assets such as equities, securities, gold instruments, and more. Simply put, an individual investing in a hybrid fund is investing in the combination of its underlying assets.

Q2. What is the difference between a hybrid fund and a balance fund?

Hybrid funds are a blend of more than one asset class, whereas balanced funds are only a type of hybrid fund.

Q3. Is it a safe option to invest in hybrid mutual funds?

These funds would work best for first-time investors who are not looking forward to handling their own asset allocations. However, there is some amount of volatility, given the exposure to equity funds.

Q4. What are conservative hybrid funds?

Conservative hybrid funds are the ones that primarily invest in FD-like investment vehicles. They provide more returns with minimal risks than equities.

Q5. What is an aggressive hybrid mutual fund?

These funds invest in stocks with some allocation to FD-like instruments, while most of the investment is spread across pure equity funds.

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.

Let's have a closer look

Now let us jump and check about these top 15 mutual fund schemes.

Nippon India Multi Asset Allocation Fund Direct Growth

Fund Performance: The Nippon India Multi Asset Allocation Fund has given 20.5% annualized returns in the past three years and 16.72% in the last 5 years. The Nippon India Multi Asset Allocation Fund comes under the Hybrid category of Nippon India Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Nippon India Multi Asset Allocation Fund via lump sum is ?5,000 and via SIP is ?100.

Min Investment Amt	?5,000
AUM	?15,481Cr
1Y Returns	16.0%

ICICI Prudential Multi Asset Fund Direct Growth

Fund Performance: The ICICI Prudential Multi Asset Fund has given 17.41% annualized returns in the past three years and 17.91% in the last 5 years. The ICICI Prudential Multi Asset Fund comes under the Hybrid category of ICICI Prudential Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in ICICI Prudential Multi Asset Fund via lump sum is ?5,000 and via SIP is ?100.

Min Investment Amt	?5,000
AUM	?84,165Cr
1Y Returns	7.2%

Quant Multi Asset Allocation Fund Direct Growth

Fund Performance: The Quant Multi Asset Allocation Fund has given 24.82% annualized returns in the past three years and 21.3% in the last 5 years. The Quant Multi Asset Allocation Fund comes under the Hybrid category of Quant Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Quant Multi Asset Allocation Fund via lump sum is ?5,000 and via SIP is ?1,000.

Min Investment Amt	?5,000
AUM	?5,615Cr
1Y Returns	20.4%

HDFC Balanced Advantage Fund Direct Growth

Fund Performance: The HDFC Balanced Advantage Fund has given 15.09% annualized returns in the past three years and 15.72% in the last 5 years. The HDFC Balanced Advantage Fund comes under the Hybrid category of HDFC Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in HDFC Balanced Advantage Fund via lump sum is ?100 and via SIP is ?100.

Min Investment Amt	?100
AUM	?1,04,016Cr
1Y Returns	1.3%

SBI Children's Fund Investment Plan Direct Growth

Fund Performance: The SBI Children's Fund has given 23.07% annualized returns in the past three years and 25.33% in the last 5 years. The SBI Children's Fund comes under the Hybrid category of SBI Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in SBI Children's Fund via lump sum is ?5,000 and via SIP is ?500.

Min Investment Amt	?5,000
AUM	?6,387Cr
1Y Returns	17.7%

ICICI Prudential Equity & Debt Fund Direct Growth

Fund Performance: The ICICI Prudential Equity & Debt Fund has given 16.7% annualized returns in the past three years and 17.26% in the last 5 years. The ICICI Prudential Equity & Debt Fund comes under the Hybrid category of ICICI Prudential Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in ICICI Prudential Equity & Debt Fund via lump sum is ?5,000 and via SIP is ?100.

Min Investment Amt	?5,000
AUM	?50,032Cr
1Y Returns	4.3%

SBI Magnum Children's Benefit Fund Investment Plan Direct Growth

Fund Performance: The SBI Magnum Children's Benefit Fund has given 24.11% annualized returns in the past three years and 32.78% in the last 5 years. The SBI Magnum Children's Benefit Fund comes under the Hybrid category of SBI Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in SBI Magnum Children's Benefit Fund via lump sum is ?5,000 and via SIP is ?500.

Min Investment Amt	?5,000
AUM	?5,052Cr
1Y Returns	7.3%

SBI Multi Asset Allocation Fund Direct Growth

Fund Performance: The SBI Multi Asset Allocation Fund has given 17.6% annualized returns in the past three years and 14.45% in the last 5 years. The SBI Multi Asset Allocation Fund comes under the Hybrid category of SBI Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in SBI Multi Asset Allocation Fund via lump sum is ?5,000 and via SIP is ?500.

Min Investment Amt	?5,000
AUM	?18,289Cr
1Y Returns	13.8%

SBI Equity Hybrid Fund Direct Plan Growth

Fund Performance: The SBI Equity Hybrid Fund has given 13.86% annualized returns in the past three years and 11.83% in the last 5 years. The SBI Equity Hybrid Fund comes under the Hybrid category of SBI Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in SBI Equity Hybrid Fund via lump sum is ?1,000 and via SIP is ?500.

Min Investment Amt	?1,000
AUM	?84,010Cr
1Y Returns	4.6%

DSP Multi Asset Allocation Fund Direct Growth

Fund Performance: The DSP Multi Asset Allocation Fund comes under the Hybrid category of DSP Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in DSP Multi Asset Allocation Fund via lump sum is ?100 and via SIP is ?100.

Min Investment Amt	?100
AUM	?9,801Cr
1Y Returns	19.1%

Kotak Multi Asset Allocation Fund Direct Growth

Fund Performance: The Kotak Multi Asset Allocation Fund comes under the Hybrid category of Kotak Mahindra Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Kotak Multi Asset Allocation Fund via lump sum is ?100 and via SIP is ?100.

Min Investment Amt	?100
AUM	?13,958Cr
1Y Returns	22.5%

Tata Arbitrage Fund Direct Growth

Fund Performance: The Tata Arbitrage Fund has given 7.66% annualized returns in the past three years and 6.72% in the last 5 years. The Tata Arbitrage Fund comes under the Hybrid category of Tata Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Tata Arbitrage Fund via lump sum is ?5,000 and via SIP is ?150.

Min Investment Amt	?5,000
AUM	?22,760Cr
1Y Returns	6.6%

SBI Balanced Advantage Fund Direct Growth

Fund Performance: The SBI Balanced Advantage Fund comes under the Hybrid category of SBI Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in SBI Balanced Advantage Fund via lump sum is ?5,000 and via SIP is ?250.

Min Investment Amt	?5,000
AUM	?40,673Cr
1Y Returns	4.1%

Parag Parikh Conservative Hybrid Fund Direct Growth

Fund Performance: The Parag Parikh Conservative Hybrid Fund has given 10.8% annualized returns in the past three years and 9.71% in the last 5 years. The Parag Parikh Conservative Hybrid Fund comes under the Hybrid category of PPFAS Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Parag Parikh Conservative Hybrid Fund via lump sum is ?5,000 and via SIP is ?1,000.

Min Investment Amt	?5,000
AUM	?3,344Cr
1Y Returns	4.9%

WhiteOak Capital Multi Asset Allocation Fund Direct Growth

Fund Performance: The WhiteOak Capital Multi Asset Allocation Fund comes under the Hybrid category of WhiteOak Capital Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in WhiteOak Capital Multi Asset Allocation Fund via lump sum is ?500 and via SIP is ?100.