Is balanced fund a debt fund?
Excuse me, but could you clarify something for me? I've been researching about investment options and came across the term "balanced fund." From my understanding, a debt fund primarily invests in fixed-income securities like bonds. So, is it accurate to say that a balanced fund is essentially a debt fund, or are there some key differences between the two? I'm trying to get a clear picture of how these funds operate and how they differ in terms of risk, return, and investment strategies. Thank you for your help.