Balanced funds; Unbalanced Portfolios

Once bitten but never shy! Despite a monumental fall in the tech meltdown, balanced funds have persisted with their imbalance asset allocation and tech-heavy portfolios. As many as 19 balanced funds are now trading below par and have defied their spirit - of providing steady returns with prudent risk management. In the post-budget meltdown, balanced funds have lost a little over 10%, which is alarming, since the category of diversified equity funds has dropped by only 14%. Further, balanced fund managers have failed to stem the loss despite an average 35% debt exposure. And i