Although every investor should have a presence across asset classes—or as we typically call it, asset allocation—the reality is that many investors do not. One easy way to correct this mistake is by allocating some portion of your portfolio to a mutual fund that does the asset allocation for you.
Broadly speaking, there are two types of schemes that do just this: dynamic asset allocation and aggressive hybrid funds . Both invest in equity and debt assets to balance capital appreciation and lower volatility. But there is one difference.
