Economy Steer clear of these types of hybrid funds if you are new to investing Updated : October 22, 2018 06:18 AM IST Hybrid funds managed to limit their losses because of their controlled exposure to stocks. A multi-asset allocation fund's portfolio is composed of stocks, debt market instruments and other asset classes including gold and gold exchange-traded funds. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.