Top hybrid funds showed strong 3-year returns; evaluate other factors. Hybrid mutual funds have become a popular choice among investors looking for a balance between growth and stability. Unlike pure equity or Debt Funds, Hybrid Funds invest across multiple asset classes, primarily equities and fixed-income securities. Hybrid mutual funds offer several advantages that make them suitable for a wide range of investors. Top Performing Hybrid Mutual Funds Based on 3-Year ReturnsThe following hybrid mutual funds have delivered the highest annualised returns over the past three years.