Do any mutual funds invest in both stocks and bonds?

Balanced Mutual Funds are the mutual funds that invest in stocks and bonds both. It invests 65% in equity and 35% in debt. Instead of investing in multiple products, one can invest in a balanced fund for better portfolio allocation.

Additional advantage of investing in a balanced fund is that you get tax benefit on the debt portion as well. They are suitable for the needs occurring between 3 to 5 years. 

The detailed note on balanced funds can be viewed by clicking

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