Features of Hybrid Funds

Balanced Approach: By investing in both equity and debt securities, Hybrid funds strike the right balance between risk and return
Investment Horizon: These funds are generally ideal for medium-term investment horizon (3-5 yrs)
Taxable Capital Gains: There are short term and long term capital gains tax depending upon the investment period.
Risk/Return: Hybrid funds invest in a combination of debt and equity which makes it riskier than debt funds but less risky as compared to equity funds.