Financial planners recommended aggressive hybrid funds for first-time investors because they combine equity and debt, offering reduced volatility. The category manages ₹2.19 lakh crore of assets in 31 schemes and has favorable tax treatment. These funds are ideal for conservative investors seeking automatic asset allocation and moderate risk, with a minimum five-year investment horizon.
US markets fall as Middle East concerns offset earnings optimism
US markets saw a dip as American stocks fell. Early gains vanished due to renewed worries about the Middle East conflict. This overshadowed positive corporate