New Delhi, Oct. 7 -- Investing in equities is undoubtedly risky, making equity mutual funds a less suitable option for conservative investors. However, those who seek the growth potential of equities while keeping risk lower by also investing in safer asset classes, such as debt, may consider hybrid mutual funds.

There are several subcategories of hybrid mutual funds, including conservative hybrid funds, balanced hybrid funds, dynamic asset allocation funds, arbitrage funds, equity savings funds, and others.

However, one category of mutual fund that provides exposure to almost all asset classes - equity, debt, and commodities such as gold- is the multi-asset allocation fund.

Here we give a lowdown on this mutual fund category:

For tho...