Hybrid mutual funds in India, such as those offered by SBI Mutual Fund, HDFC Mutual Fund and ICICI Prudential Mutual Fund, are gaining traction among investors seeking both equity growth and debt stability in volatile markets. The schemes employ fixed or dynamic asset-allocation strategies, allowing rebalancing between equities and debt automatically. Advisors say these funds appeal to moderate-risk investors especially now. The move suggests a shift in preference toward balanced vehicles as pure equity risks remain elevated.