A good choice for first-time investors
Financial Express Mumbai|October 16, 2023
These funds protect the portfolio from large drawdowns
SAIKAT NEOGI
A good choice for first-time investors

INDIVIDUALS ARE LOOKING atbalanced advantage funds for incremental investments as these funds have been able to navigate market volatility effectively and have delivered superior risk-adjusted returns.

Since July this year, these hybrid funds have seen net inflows after nine consecutive months of net outflows. These invest in a mix of stocks and debt instruments, based on a dynamic asset allocation process.

During phases of market volatility, indecisive investors tend to favour balanced advantage funds, effectively outsourcing asset allocation decisions to well-equipped investment teams. Moreover, the pause in the Reserve Bank of India's (RBI's) interest rates coupled with rising market valuations have prompted investors to switch some of their investments from pure equity to balanced advantage funds.

Dynamic management

In H1FY24, hybrid schemes as a category sawnet inflows of ₹62,174 crore, of which ₹43,455 crore were into arbitrage funds, ₹11,830 crore into multi-asset allocation funds, and 3,486 crore into balanced advantage funds, data from Association of Mutual Funds in India show.

Nirav Karkera, head, Research, Fisdom, says the flexibility to manage asset allocation as per market cycles offers balanced advantage funds a distinct edge, especially during times of heightened volatility.

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