 "Pension fund, wealth fund")
Bonds, mid-caps hurt balanced MFs
The market sell-off has hit balanced mutual fund schemes, where investors seek lower volatility from a mixed portfolio of equity and debt investments. In year-to-date, such schemes have given negative returns of over 21 per cent. According to industry experts, while these schemes have fallen 4-5 percentage points less than other equity schemes, allocation towards mid-cap stocks has taken a toll on their returns. Further, the debt markets have also seen a tough environment as liquidity has got tighter with overseas investors pulling out over Rs 64,000 crore worth of investments from debt markets in current
