Hybrid aggressive funds invest 65-80% of their assets in equities and the remaining 20-35% in debt and money market instruments. Due to the addition of debt component, they are less volatile than pure equity funds, have lower drawdowns which also means their returns would be less than pure equity funds. Due to the higher equity allocation, gains from the fund also get taxed as equity funds. Here we review one fund within the category i.e. ICICI Equity and Debt fund that has p