Look at the position of the fund in the fund file and you will know what the fund bought. Hybrid funds can simultaneously invest in stocks, bonds and money market funds. Funds with no clear investment direction have lower risks than equity funds and higher expected returns than bond funds.

Hybrid funds are divided into: partial stock funds (50%-70% stocks, 20%-40% bonds), partial debt funds (50%-70% bonds, 20%-40% stocks) and balanced funds (the ratio of stocks to bonds is relatively average, about 40%-60%).