If you watched any cricket in the past few days, you could not have missed the ad from a prominent fund house, extolling the virtues of (their) balanced advantage funds. Whether its AMCs, fund managers, media, or your neighbour, the advice is that the best way to manage current markets is to add a balanced advantage/dynamic asset allocation fund to your portfolio. Should you?
The balanced advantage funds /dynamic asset allocation funds (BA/DAA) category was created after SEBI’s new categorisation rules. According to the rules these funds need to