One of the key factors that can help you achieve consistent investment success is to follow a goal-based investment process. Apart from creating a roadmap, it allows you to have clarity in terms of time horizon and target for each of the goals. Besides, it helps you decide how much you need to invest to achieve these goals as well as maintain the right balance in terms of risk and reward through an ideal asset allocation. 

Unlike static allocation strategies, balanced advantage funds (BAFs), also known as dynamic asset allocation funds, actively rebalance portfolios to suit changing market conditions. If the equities are overvalued, the managers might reduce equity exposure and allocate more to bonds or alternative investments. Also, if certain assets appear undervalued, the managers might increase exposure to these assets expecting mean reversion. The article explain the financial benefits that can be derived from such funds 

Every fortnight, we recommend one open-ended equity diversified fund that has the best potential of returns for the next one year considering its constituents remain the same.