Hybrid funds try to enhance the return by allocating funds in equity but reduce the portfolio volatility by balancing allocation in debt.

Investment Horizon:
This depends on type of hybrid funds. Balance funds allocate minmum 65% to equity and are most aggressive hybrid funds whereas Monthly Income Funds allocation small portion to equity and hence are less volatile.

Entry Load: Nil
Exit Load : Typical Hyrbid funds have 1% exit load if redeemed within 1 year.

Investment Instruments:
Hybrid funds invest in mix of debt and equity instruments.