Balanced funds which invest in a mix of equity and bonds are attracting investors, leading to surging assets. Data from the Association of Mutual Funds (AMFI) shows that assets under management of this category have soared to Rs 1,02,000 crore from Rs 42,695 crore only a year back.
“Many balanced funds have been paying consistent monthlyquarterly dividends to investors, attracting many investors,“ said Vishal Dhawan, chief financial planner, Plan Ahead Wealth Advisors.
