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Best Hybrid Mutual Funds

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 NameCategoryRiskNAVExpense Ratio1Y Returns3Y Returns5Y ReturnsRatingFund Size (in Cr)Exit Load
SBI Magnum Children's Benefit Fund
HybridVery HighNA-8.4%26.6%NA5₹3,589
-
SBI Magnum Children's Benefit Fund
HybridVery High46.990.856.8%23.8%NA5₹4,175
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.
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JM Aggressive Hybrid Fund
HybridVery High139.150.66-0.9%22.4%22.6%5₹804
Exit load of 1%, if redeemed within 60 days.
Nippon India Multi - Asset Omni FoF Fund
HybridVery High23.260.1512.8%21.1%NA5₹1,051
Exit load for units in excess of 10% of the investment, 1% will be charged for redemption within 12 Months.
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ICICI Prudential Multi Asset Fund
HybridVery High866.000.6810.3%20.8%25.7%5₹64,770
Exit Load for units in excess of 30% of the investment,1% will be charged for redemption within 365 days.
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ICICI Prudential Equity & Debt Fund
HybridVery High446.170.957.0%20.6%26.7%5₹45,168
Exit load for units in excess of 30% of the investment,1% will be charged for redemption within 365 days
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Nippon India Multi Asset Active FoF Fund
HybridVery HighNA-8.5%20.0%NA5₹907
-
HDFC Balanced Advantage Fund
HybridVery High564.790.744.5%19.9%25.0%5₹1,01,079
Exit Load for units in excess of 15% of the investment,1% will be charged for redemption within 1 year.
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Edelweiss Aggressive Hybrid Fund
HybridVery High73.990.374.9%19.4%21.8%5₹3,044
Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 90 days.
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SBI Balanced Advantage Fund
HybridVery High16.110.745.6%15.0%NA5₹36,673
For units in excess of 10% of the investment,1% will be charged for redemption within 1 year.
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Franklin India Dynamic Asset Allocation Active FoF Fund
HybridHigh187.291.154.6%14.5%19.6%5₹1,288
Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 year.
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Edelweiss Equity Savings Fund
HybridModerate28.410.68.8%12.6%12.1%5₹843
Exit load of 0.25%, if redeemed within 30 days.
SBI Magnum Children's Benefit Fund
HybridModerately High120.050.854.8%12.5%13.8%5₹129
Exit Load of 3% if redeemed within an year, 2% if redeemed within 2 years and 1% if redeemed within 3 years
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Parag Parikh Conservative Hybrid Fund
HybridModerately High15.500.347.4%12.3%NA5₹2,954
For units in excess of 10% of the investment,1% will be charged for redemption within 365 days
See more
ICICI Prudential Income Plus Arbitrage Active FoF Fund
HybridModerate68.170.036.3%12.2%11.7%5₹1,631
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View All

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:

  1. 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. 

  1. 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. 

  1. 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. 

  1. 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. 

  1. 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-

  1. 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. 
  2. 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. 
  3. 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.

SBI Magnum Children's Benefit Fund Investment Plan Direct Growth

Fund Performance: 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₹3,589Cr
1Y Returns8.4%

SBI Magnum Children's Benefit Fund Investment Plan Direct Growth

Fund Performance: 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₹4,175Cr
1Y Returns6.8%

JM Aggressive Hybrid Fund Direct Growth

Fund Performance: The JM Aggressive Hybrid Fund has given 22.39% annualized returns in the past three years and 22.63% in the last 5 years. The JM Aggressive Hybrid Fund comes under the Hybrid category of JM Financial Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in JM Aggressive Hybrid Fund via lump sum is ₹1,000 and via SIP is ₹100.

Min Investment Amt₹1,000
AUM₹804Cr
1Y Returns-0.9%

Nippon India Multi Asset Omni FoF Direct Growth

Fund Performance: The Nippon India Multi - Asset Omni FoF 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 Omni FoF Fund via lump sum is ₹5,000 and via SIP is ₹100.

Min Investment Amt₹5,000
AUM₹1,051Cr
1Y Returns12.8%

ICICI Prudential Multi Asset Fund Direct Growth

Fund Performance: The ICICI Prudential Multi Asset Fund has given 20.75% annualized returns in the past three years and 25.7% 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₹64,770Cr
1Y Returns10.3%

ICICI Prudential Equity & Debt Fund Direct Growth

Fund Performance: The ICICI Prudential Equity & Debt Fund has given 20.58% annualized returns in the past three years and 26.71% 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₹45,168Cr
1Y Returns7.0%

Nippon India Multi Asset Active FoF Direct Growth

Fund Performance: The Nippon India Multi Asset Active FoF 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 Active FoF Fund via lump sum is ₹5,000 and via SIP is ₹100.

Min Investment Amt₹5,000
AUM₹907Cr
1Y Returns8.5%

HDFC Balanced Advantage Fund Direct Growth

Fund Performance: The HDFC Balanced Advantage Fund has given 19.91% annualized returns in the past three years and 25.02% 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₹1,01,079Cr
1Y Returns4.5%

Edelweiss Aggressive Hybrid Fund Direct Growth

Fund Performance: The Edelweiss Aggressive Hybrid Fund has given 19.45% annualized returns in the past three years and 21.77% in the last 5 years. The Edelweiss Aggressive Hybrid Fund comes under the Hybrid category of Edelweiss Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Edelweiss Aggressive Hybrid Fund via lump sum is ₹100 and via SIP is ₹100.

Min Investment Amt₹100
AUM₹3,044Cr
1Y Returns4.9%

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₹36,673Cr
1Y Returns5.6%

Franklin India Dynamic Asset Allocation Active FoF Direct Growth

Fund Performance: The Franklin India Dynamic Asset Allocation Active FoF Fund has given 14.54% annualized returns in the past three years and 19.58% in the last 5 years. The Franklin India Dynamic Asset Allocation Active FoF Fund comes under the Hybrid category of Franklin Templeton Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Franklin India Dynamic Asset Allocation Active FoF Fund via lump sum is ₹5,000 and via SIP is ₹500.

Min Investment Amt₹5,000
AUM₹1,288Cr
1Y Returns4.6%

Edelweiss Equity Savings Fund Direct Growth

Fund Performance: The Edelweiss Equity Savings Fund has given 12.59% annualized returns in the past three years and 12.12% in the last 5 years. The Edelweiss Equity Savings Fund comes under the Hybrid category of Edelweiss Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Edelweiss Equity Savings Fund via lump sum is ₹100 and via SIP is ₹100.

Min Investment Amt₹100
AUM₹843Cr
1Y Returns8.8%

SBI Magnum Children's Benefit Fund Savings Plan Direct

Fund Performance: The SBI Magnum Children's Benefit Fund has given 12.53% annualized returns in the past three years and 13.81% 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₹129Cr
1Y Returns4.8%

Parag Parikh Conservative Hybrid Fund Direct Growth

Fund Performance: 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₹2,954Cr
1Y Returns7.4%

ICICI Prudential Income Plus Arbitrage Active FoF Direct Growth

Fund Performance: The ICICI Prudential Income Plus Arbitrage Active FoF Fund has given 12.17% annualized returns in the past three years and 11.66% in the last 5 years. The ICICI Prudential Income Plus Arbitrage Active FoF Fund comes under the Hybrid category of ICICI Prudential Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in ICICI Prudential Income Plus Arbitrage Active FoF Fund via lump sum is ₹5,000 and via SIP is ₹1,000.

Min Investment Amt₹5,000
AUM₹1,631Cr
1Y Returns6.3%

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