This is the most popular category and very well respected by most of the financial advisors. Since we know that the equity market is the most volatile asset class, SIP is one option to mitigate its downside. What can be the other one? Yes, Hybrid category is yet another concept for you to mitigate the extremes of equity and yet get a favourable returns over fixed debt assets. Here you give flexibility to fund manager to buy and manage both equity and debt as he seems fit. Based on the market scenario, he has flexibility of rebalancing between the both.