balanced mutual funds meaning
Balanced Mutual Fund. A mutual fund with a portfolio mixing stocks, bonds, and cash equivalents in different types of securities in a more-or-less fixed ratio. Balanced mutual funds are used for long-term investing.They also seek to diversify one's portfolio and avoid volatility in any one market.It is an example of an asset allocation fund. mutual fund with a portfolio mixing stocks, bonds, and cash equivalents in different types of securities in a more-or-less fixed ratio.