Hybrid funds offer a balanced investment approach, blending equity and debt to cushion portfolios against market volatility while still pursuing growth. For many investors, especially those unsure about market timing, aggressive hybrid funds can provide better post-tax outcomes than managing equity and debt separately.
US stocks: US market closes down sharply after Fed holds rates unchanged
Wall Street experienced a sharp decline as the Federal Reserve maintained interest rates. AI-related chip stocks also saw further losses ahead of key earnings reports.