Balanced funds (or equity-oriented hybrid funds) have emerged as a popular category in the past few years. From Rs 12,047 crore in September 2013, the assets under management (AUM) of these funds have risen more than five-fold to Rs 68,784 crore currently. In fact, the sale of these schemes has been on the rise in the past couple of months, as a number of fund houses are pushing these products aggressively.
Financial advisors are advising first-time investors in equities to invest in these funds for their lower volatility compared to pure equity funds. Investors should, however, bear in mind that these funds do carry certain risks.
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