What are balanced mutual funds?
What are balanced funds?
As the name suggests, this category of funds invests in both asset classes – equity & debt. At least 65% will be invested in equity and the remaining in debt.
You are getting a ready made portfolio that invests between equity and debt & need not worry on rebalancing the portfolio as the same is taken care by the professional fund manager.
With regard to taxation, these funds will get the treatment of an equity fund. Thus they are less risky compared to regular equity funds and get benefit like quity investment!
Previous Article