Mutual Fund schemes investing in a single asset category are like specialist bowlers or batsmen. Whereas certain other schemes, known as hybrid funds, invest in more than one asset categories, e.g. some invest in equity and debt both. Some may also invest in gold apart from equity and debt.
In cricket, we see batting all-rounders as well as bowling all-rounders depending on the skill they are better at. Similarly, there are Mutual Fund schemes that invest heavily in one asset category as compared to another.
The oldest category, the balanced fund category, invests in equity and debt. The allocation to equity is normally higher (over 65%) and the rest is in debt.
The other popular category known as MIP or the monthly income plan endeavours to provide monthly (or regular) income to
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