Balanced Funds are a combination of equity and debt fund. These schemes invest their fund money in both equity and debt instruments in a fixed proportion that may vary over time. This scheme is suitable for individuals who are seeking for capital growth along with regular income. Balanced Funds are classified into two types. They are:
- Balanced Funds: if the equity proportion is more than 65%.
- Monthly Income Plans or MIPs: if the equity proportion is less than 65%.
To know more, read here: https://www.fincash.com/l/hybrid-funds-balanced-funds