A mutual fund distributor’s typical response to a risk-averse investor’s fear of pure equity funds is: Buy balanced funds. “The presence of debt will ensure that the downside is capped when the equity market falls, it will also give same tax benefits as equity funds...,” he will be quick to rattle off. No wonder, investors have been flocking to these schemes. From assets under management (AUM) of Rs 13,790.7 crore in January 2013, these funds now manage assets worth Rs 98,593.9 crore, a sevenfold increase.
Mutual Funds: Small, mid cap funds saw massive surge in folios in March
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