Balanced advantage funds — a mutual fund product category that invests in both equities and bonds — have pruned their allocation to stocks as the recent market run-up has made valuations rich. These schemes are structured to shuffle between equity and debt based on the outlook for the asset classes. After touching a four-year low of Rs 7,511 on March 23, the Nifty has rallied over 50 per cent.
Nine big financial changes that you must watch out for in October
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