New Delhi: Hybrid mutual fund schemes have been gaining popularity among investors, attracting Rs20,634 crore in January, marking a 37 per cent surge from the previous month, largely due to their appeal as an alternative investment option post-change in taxation laws for debt funds.

With this, total inflow in the category reached Rs1.21 lakh crore in the January-April period of the current financial year (FY24). However, hybrid schemes saw outflow in the same period of the preceding financial year.