What are hybrid funds?

Here, let me Google that for you;

http://www.google.ca/url?sa=t&source...JE9-YA&cad=rja

Hybrid funds are those mutual funds that invest in both equity and fixed income based securities. Their main aim is to reduce the risk involved in investments while providing a steady return. Within these funds, the equity portion provides growth while the debt portion is the one that provides the income. Hybrid funds may also be known as balanced mutual funds.

The Reliance Regular Savings fund is one such fund which provides the choice of investing in Debt, Equity or Hybrid options with a pertinent investment objective and pattern for each option.