New Delhi, Sept. 28 -- Mutual fund investors are not putting their largest pools of money only into equity funds. The latest ranking of India's biggest equity and hybrid schemes shows a more diversified pattern: five of the 10 largest funds are hybrid schemes, with investors holding large sums in balanced advantage, aggressive hybrid, multi-asset and arbitrage funds.

The five hybrid funds together manage around Rs.4.35 lakh crore, underscoring how much investor money has flowed into strategies that combine equity with debt or other asset classes. At the same time, the list includes some of India's biggest flexi-cap, mid-cap and small-cap funds. Their return records are just as varied, with three-, five- and 10-year SIP returns showing th...