Balanced advantage funds (BAFs) invest in equity and debt. They often change their equity and debt allocation depending on how they view the market.
If they expect the equity market to weaken, these funds lower their equity exposure. Conversely, if they sense the market to get stronger, they up their equity allocation.
Since these funds can change their equity allocation depending on prevailing market conditions, we identified two funds that are most bullish about the current market.
(1) Quant, (2) BOI
HSBC, Mahindra Manulife, Edelweiss, PGIM, Baroda BNP, Union, Nippon, Shriram, Axis, Bajaj Finserv
Data based on portfolio disclosures as on Dec 31, 2023. Cash and debt make up the rest of the portfolio