Amid high market volatility last year, investors took refuge in balanced funds. Net inflows into balanced funds, which invest in a mix of equity and debt instruments, more than doubled to Rs 19,743 crore in 2015-16. Steady returns and equity fund-like tax treatment have made them popular. But their more sophisticated cousins, the dynamic asset allocation funds, which have performed better over the past year, haven't got the same attention. Here's why:
