In the current market scenario, on one hand, the markets are trading near an all-time high, while on the other hand, uncertainty around the new Covid variant is leading to volatility in the equity market. In such a scenario, it would be a wiser decision to invest in a product that helps you balance market volatility while also offering growth. For this purpose, balanced advantage funds come in handy as they derive benefit from the market opportunities arising in both the asset classes. A balanced advantage fund offers exposure to both worlds via a dynamic allocation in both equity and debt.