Hybrid mutual funds have seen outflows in the recent past but that doesn't necessarily mean that you should keep your distance from this product. Hybrid funds are a tool with which you can invest across asset classes like debt, equity and gold, while maintaining the asset allocation of your choice. Apart from some tax advantages, these have the added benefit of a fund manager ensuring that your debt-equity ratio is maintained without your active involvement. So, with various types of such funds in the market, which should you choose - Aggressive, Balanced, or Conservative? Listen to this episode to understand hybrid funds, and how to invest in them.