
Debt Fund Classification
Overnight Fund
An open-ended debt scheme investing in overnight securities. The investment is in overnight securities having maturity of 1 day.
Liquid Fund
An open-ended liquid scheme whose investment is into debt and money market securities with maturity of upto 91 days only
Ultra Short Duration Fund
An open ended ultra-short term debt scheme investing in debt and money market instruments with Macaulay duration between 3 months and 6 months.

Hybrid Fund Classification
Conservative Hybrid Fund
An open-ended hybrid scheme investing predominantly in debt instruments. Investment in debt instruments shall be between 75 percent and 90 percent of total assets while investment in equity and equity instruments shall be between 10 percent and 25 percent of total assets.
Balanced Hybrid Fund
An open-ended balanced scheme investing in equity and debt instruments. The investment in equity and equity related instruments shall be between 40 percent and 60 percent of total assets while investment in debt instruments shall be between 40 percent and 60 percent. No arbitrage is permitted in this scheme.
Aggressive Hybrid Fund
An open-ended hybrid scheme investing predominantly in equity and equity related instruments. Investment in equity and equity related instruments shall be between 65 percent and 80 percent of total assets while investment in debt instruments shall be between 20 percent and 35 percent of total assets.