Top Hybrid Mutual Funds for Investment in India (2025 Guide)

When looking at the top hybrid mutual funds for investment in India, some names stand out for their consistent performance and ability to manage risks.

The JM Aggressive Hybrid Fund (Direct – Growth) has given strong results, delivering returns of 22.65% annually over the last three years. It has assets under management of around Rs. 804 crore and an expense ratio close to 0.66%. Another good performer is the ICICI Prudential Retirement Fund – Hybrid Aggressive Plan, which has returned 22.53% over the last three years and comes from a highly trusted fund house.

The ICICI Prudential Equity & Debt Fund (Direct – Growth) is also a reliable choice, with 21.16% annual returns in the last three years and a very large asset base of Rs. 45,168 crore. Similarly, the HDFC Balanced Advantage Fund, with assets of over Rs. 1,01,079 crore, has produced returns of 20.05% in three years and remains one of the largest and most well-known hybrid schemes in the country.

Other strong hybrid funds include Kotak Aggressive Hybrid Fund, which returned 17.54% in three years, and Edelweiss Aggressive Hybrid Fund, which delivered around 19.78% over the same period. The Bank of India Mid & Small Cap Equity & Debt Fund is another standout, offering one-year returns of 31.84%, three-year returns of 19.31%, and five-year returns of 27.77%. These numbers highlight its ability to balance mid- and small-cap exposure with debt.

For those looking for diversification across different asset classes, the SBI Multi Asset Allocation Fund is a strong option. It has given around 17.6% returns over three years and 16.3% over five years. Meanwhile, the Quant Aggressive Hybrid Fund has delivered an impressive 24.1% over five years, although it has been volatile recently with a small decline of 0.5% over the last year.