Investing in a balanced fund is a great way to diversify your portfolio and minimize risk. A balanced fund is a type of mutual fund that invests in a mix of stocks, bonds, and other assets. This type of fund is designed to provide investors with a steady stream of income while
From Wikipedia
An index fund is a mutual fund or exchange-traded fund (ETF) designed to follow certain preset rules so that it can replicate the performance of a specified basket of underlying securities.