Thursday, May 10, 2018

The six new classifications of hybrid mutual funds

"SEBI has recently proposed a change in the name of balanced funds into six categories - 

  • Equity savings fund 
  • Aggressive Hybrid Fund 
  • Balanced Hybrid Fund 
  • Conservative Hybrid Fund 
  • Multi-asset allocation funds and 
  • Dynamic asset allocation fund"

Read more about them here.

(Note: Those who invested in HDFC Prudence Fund may want to switch to HDFC Balanced Fund.)

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