No, equity funds and hybrid funds are more likely to get higher returns in the bull market. In a bull market, stocks generally rise, while stock-based and hybrid funds mainly allocate stocks, so it is suitable to buy stock-based and hybrid funds in a bull market.

Stocks and bonds have a seesaw effect. Generally speaking, when the stock market is bad, the bond market is good, and when the bond market is good, the stock market is bad, so it is not suitable to buy bond funds in the bull market.