Balanced advantage funds (BAFs) offer a compelling alternative to DIY investments, automatically adjusting equity-debt allocations based on valuation or momentum models. These funds, managing ₹2.93 lakh crore across 5,250,000 folios, utilize in-house models to dynamically allocate assets. Taxed as equity funds, BAFs are suitable for investors seeking higher returns than fixed deposits with managed volatility.
US stocks: US market ends higher as Amazon soothes AI jitters
Wall Street closed higher on Friday, driven by Amazon’s strong quarterly report. The tech giant’s results eased concerns about AI infrastructure spending. Apple’s stock dropped