A merchant sent his son to find the secret of happiness.

The young man wandered till he reached a beautiful castle where he found a wise man who listened to him and suggested he take a stroll of his castle.

He was given a spoon which had 2 drops of oil and was

told to carry it without spilling the oil. He wandered around the castle, always keeping his eyes on the spoon.

When he returned, he was asked by the wise man if he saw the Persian tapestries, the garden, the library, etc.

But the young man said he saw nothing as he didn't want to spill the oil. The wise man then told him to see the castle without worrying about the

Now at ease, the young man took the spoon and strolled the castle.

On return, he was asked, "But where are the 2 drops of oil?"

The young man realized he had spilled the oil.

The Secret of Happiness was in striking the balance to enjoy life but without forgetting our responsibilities (the two drops of oil).

Striking a balance is crucial in every facet of life including investments.

Like the young man in the story, investors should maintain the right balance by diversifying across asset classes as per his/her risk profile.

Franklin India Balanced Advantage Funds (FIBAF) can provide you an opportunity to strike a right balance between risk and returns by investing in equity and debt instruments,

• Equity exposure provides potential for long term capital appreciation Debt exposure helps in providing stability to the overall portfolio and cushions volatility.
• An important feature of FIBAF is that it dynamically manages asset allocation. It automatically allocates more towards equity when valuations are cheaper (falling market) and less when valuations are expensive (rising market).

FIBAF uses a quantitative and qualitative model that gauge market valuations and help decide the equity allocation without any emotional bias of greed and fear. However, it endeavors to maintain the gross equity allocation at 65% or above using derivatives wherever necessary, which make it eligible for equity-oriented taxation^.

Thus, FIBAF can be a complete portfolio solution as it is suitable for various investment needs from accumulation (wealth creation) to decumulation (regular income).