Times are changing. These days when you walk into (usually) a private sector bank’s branch, you are likely to be sold not just an insurance policy but chances are that you would be told to put some money in a balanced fund as well.
Balanced funds have been in the news due to the growth in their inflows over the last 2 years or so. Since January 2015, the total assets under management (AUM) for the domestic mutual fund industry has grown 32%, and 2.1 times for balanced funds’ AUM. Along with consistent performance, many of these funds offer regular monthly dividends.
