As the name indicates, the mutual fund invests the corpus partly in equities and partly in debt so that the risk is evenly balanced, at the same time providing scope for higher returns and growth.

Ideally suited for investors who want to avail the income tax benefits under Section 80C and at the same time take advantage of the growth in equities.

Debt Funds are ideally suited for those who are averse to taking any risk but are keen on getting a steady income. The returns are normally in the range of 8-9% per annum.

Since the investments by the fund under the scheme are made exclusively in equities that are linked to market, there is scope for high returns and capital appreciation. This is most suited for investors having higher appetite for taking risks.