The aim of balanced funds is to provide both growth and regular income as such schemes invest both in equities and fixed income securities. They generally invest between 65% to 80% in equity and between 20% to 35% debt and money market. MIPs are suitable for conservative investors who desire a regular income stream periodically along with some capital appreciation. This fund invests in good quality debt instruments to provide consistency in returns, and a small allocation of 5% to 15% to equity, to ensure some growth. However the monthly income is not assured.