In the long run, equity scores above fixed return schemes without any doubt. However, certain balanced funds have done a commendable job and have come to match and in a few cases, out beat the equity funds. Now that these few balanced funds have done well, they have become the darling of the media managers to write articles in mass media.
Had it been the other way around, you will never hear about this.
I have investments in both these different class of funds and I would suggest you the same as well. That way, which ever fund wins, you can laugh your way to the banks.
