Assets under management of balanced funds have doubled to Rs 77,100 crore from Rs 39,000 crore over the past year, according to data from AMFI.
Typically, these funds invest in a mix of equities and bonds, and allocate a minimum of 65% in equities, with the rest invested in debt instruments.
“Investors believe that markets are at elevated levels and do not want to risk their entire capital into equity-oriented mutual funds,” said Amol Joshi, founder, Plan Rupee Investme ..
