Keeping equity at a slightly lower level vs. longer term average: Ashutosh Bhargava, Nippon India MF

The balanced advantage fund category offers a safer approach compared to an aggressive equity portfolio. Fund managers can adjust their exposure to equity and debt based on signals from valuation and trend indicators. Nippon India Mutual Fund currently maintains a net equity exposure of around 41% and has a more conservative approach, with 80% of the equity portfolio in largecaps. The fixed income portfolio has an average duration of three years or below, with 80-85% of assets in investment-grade government securities.