Change in the Right Direction

Pioneer of the category, at one time we would have advised investors to steer clear. It would be the top performer one year (1996) and bottom of the pile later (1998). There would be moments when the equity portfolio would be dangerously compact with high allocations to few stocks. The fund’s equity allocation was known to shoot up to 80 per cent, yet there were times when it would dip so dramatically that it would get re-categorised as ‘Hybrid: Debt-oriented Aggressive’. D

This article was originally published on June 27, 2012.