Why invest in balanced funds?
Friday, March 3, 2017, 11:07 AM
Balanced fund also called hybrid fund, is a type of mutual fund, which combines benefits of both debt (bonds) and equity (stocks). Hybrid funds can be separated into equity hybrid funds and debt hybrid funds. Equity hybrid funds invest more than 65% of your money in equity. The rest is in debt (bonds). Equity hybrid funds enjoy the same tax benefits as equity funds.