News From Press Why retirees should opt for savings scheme, and not aggressive hybrid funds

Why retirees should opt for savings scheme, and not aggressive hybrid funds

If you were mis-sold this product with the promise of regular dividend, you should exit it

Business Standard Jan 21, 2020

Aggressive hybrid funds, popularly known as balanced funds, which have an equity allocation of above 65 per cent in their portfolio, have seen large outflows in recent month. The assets under management of this category declined by Rs 1,931 crore in December and Rs 4,071 crore in November 2019.

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