DYNAMIC FUNDS: WHAT YOU NEED TO KNOW ABOUT THEM…

    A dynamic fund is a recent innovation to the battery of products that mutual funds have been offering to customers. Conceptually, it is almost similar to a balanced fund as it entails a mix of equity and debt in its portfolio. But that is where the similarity ends. A Dynamic Fund is a lot more aggressive in concept as the fund manager has much more leeway to shift the asset allocation either in favour of equity or debt. Here is how it works…