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Why a balanced advantage fund makes sense in current market scenario

"If you look at the ICICI Prudential Balanced Advantage Fund, in March 2020, when the markets fell a lot, we had reached almost 77% equity level which is on the higher side as far as equity levels are concerned because the markets were very cheap. In the last two years, the markets have rallied significantly and today the fund is around 35% equity level."
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