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Balance funds safer investment than diversified equity funds

Balance funds safer investment than diversified equity funds.

27 Jul 2008

In the current market scenario, balance funds are being considered as a safer investment option compared to diversified equity funds. Balance funds have a mix of debt and equity.

30 out 50 balance funds in operation carry a negative return for a one-year period. The difference between the worst and the best performing funds in the category is even wider.

The worst performer fund has recorded an NAV erosion of 26 per cent and the best fund managed a positive return of 22 per cent.

On the other hand, the diversified equity funds turned in returns ranging from a negative 35 to a positive 23 per cent.

Many funds in the balance funds that contributed a positive return of 1-7 per cent were children's schemes with higher debt allocations.

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