Also called “hybrid” funds as they invest in both equities and debt instruments, they are primarily for those investors who have very restricted capacities to take risks but still want the best of both worlds. In most cases a 60-40 ratio (60% equities, 40% debts) is what constitutes the base of such funds and they are known to provide good returns at restricted risks Investors of this kind of mutual funds are entire past their 50s and want limited risks or are newbie’s who want to test the waters before plunging headlong into the field of equity investing.