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Balanced advantage mutual funds in favour as pure equity play turns choppy
Balanced advantage mutual funds in favour as pure equity play turns choppy
Balanced advantage funds that dynamically manage equity allocation based on market valuations are now the largest category by assets among hybrid funds. Data from AMFI showed that assets under management (AUM) for this category surged to ₹1.56 lakh crore as of October end from ₹93,038 crore, adding more than a million new folios over the year. By contrast, aggressive hybrid funds that allocate 65-75% to equities saw their assets climb from ₹1.18 lakh crore to ₹1.46 lakh crore.
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