Sebi re-categorisation created some new mutual fund categories, including six new hybrid fund categories. Hybrid funds are schemes that invest in both debt and equity. One of the six new sub-categories of hybrid schemes is the conservative hybrid schemes.
The conservative hybrid schemes are mandated to invest 10 to 25 per cent of their total assets in equity and equity-related instruments. The rest (75 per cent to 90 per cent) of the corpus will be invested in debt instruments. The litt ..