What are the different types of hybrid mutual funds available?

economictimes.indiatimes.com:

mutual funds, could consider hybrid funds, which combine one or two assets such as equity, debt and gold. These schemes offer tax benefits equivalent to equity-oriented funds, thus ensuring better tax-adjusted returns.What are hybrid funds?Hybrid funds are a category of mutual funds that invest in more than one asset class. While some schemes combine equity and debt, there are others that could also include gold, silver and REITs.What benefits do they offer?Hybrid funds help retail investors in automatic asset allocation as they have a mix of one or more assets. They help buy a single fund instead of buying two or multiple funds.

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How are hybrid funds taxed?Most hybrid funds are treated as equity funds for taxation. This means if they are held for less than a year, investors pay a short-term capital gains tax of 15%, while if held for more than a year, they pay a long-term capital gains tax of 10% for gains over Rs 1 lakh.What are the different types of hybrid funds available?There are different categories of hybrid funds which investors can choose from based on their risk-taking ability: a) Aggressive Hybrid Funds: These schemes allocate 65% to 80% of their portfolio in equity with the balance in a mix of debt and money market instruments. Here, the fixed income allocation is about 20% to 35%. b) Balanced Advantage or Dynamic Asset Allocation Funds: These schemes use inhouse proprietary valuation models to decide their equity allocation. These funds invest in a mix of equity and debt depending on valuations and market conditions on a pre-decided internal investment model. They could have up to 35% in debt, though it