Have a lumpsum to invest? Go ahead, invest in dynamic asset allocation mutual fund schemes. That is the advice given by mutual fund advisors these days to investors who want to invest a lumpsum immediately.
Dynamic asset allocation funds are a relatively new category with a handful of schemes like ICICI Prudential Balanced Advantage Fund, Birla Sun Life Balanced Advantage Fund and Motilal Oswal MOSt Focused Dynamic Equity Fund. These schemes are meant to provide steady returns to ..
