A hybrid mutual fund is a mutual fund that invests in debt as well as equity assets. This helps give an investor the right mix of diversification and helps balance the inherent risk that comes with investing in equity asset class. Due to this, a hybrid mutual fund is also called a balanced fund.

The choice of hybrid fund depends on your risk-taking ability and investment objective.

If the fund’s manager invests 65% or more of the fund’s capital in equity and the rest in debt, then it is an equity-oriented fund. And if the fund manager invests 65% or more in debt instruments, then the mutual fund will be called a debt-oriented fund.

Top 10 equity-oriented dividend hybrid funds:

Top 10 debt-oriented dividend hybrid funds:

You too can search for the best performing hybrid funds by using various filter options provided by various brokers. The above funds were a result of the search of top 10 hybrid funds on IIFL’s website. You can check it here: https://mf.indiainfoline.com/MFOnline/FundScreener