After the Sebi-mandated recategorisation exercise, there are now primarily 10 categories of equity schemes and six categories of hybrid funds (where there is some exposure to direct equities). Now, while 15 of these categories have a well-defined allocation limit of equity and debt exposure levels, one category remains without any such mandate - balanced advantage funds.
Due to this, it becomes difficult to select funds from this category. If you want to invest in a balanced advantage ..
