IFIC Mutual Funds Licensing Practice Exam · Question
Which type of mutual fund typically aims to provide both income and capital appreciation by investing in a diversified mix of equities and fixed-income securities?
A Balanced Fund invests in a mix of equity and fixed-income securities, aiming to provide a balance between capital appreciation and income, while also managing
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Question: Which type of mutual fund typically aims to provide both income and capital appreciation by investing in a diversified mix of equities and fixed-income securities?
Answer options:
- Money Market Fund
- Equity Fund ✅ Balanced Fund
- Bond Fund
Correct answer: Balanced Fund
Explanation: A Balanced Fund invests in a mix of equity and fixed-income securities, aiming to provide a balance between capital appreciation and income, while also managing risk. This is its defining characteristic.
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