The fund’s debt allocation protects capital while the equity exposure spices up returns

Risk-averse investors or those nearing retirement could consider shifting part of their riskier assets to conservative hybrid funds such as HDFC Multiple Yield Fund - Plan 2005. Conservative hybrid funds invest 10-25 per cent in equity and the rest in debt instruments. The higher allocation to debt helps steady growth of principal with minimal risk. The equity component, on the other hand, hel...