A balanced fund is targeted at investors seeking a mixture of stability, income, and moderate appreciation of assets. Usually, the amounts invested in each asset class by such a mutual fund must remain within a set minimum and maximum. Balanced Mutual Funds invest both in equity and debt. These are also called HYBRID FUNDS. These typically yield less than equity funds, but they yield better returns in difficult times due to the hedge of interest on the debt portion.

Blanced Hybrid Fund : In both shares and debt / bonds, these mutual funds invest. Debt and socks allocation may vary depending on market conditions.
Risk :Moderately High