The income and risk of balanced funds are between growth funds and income-based funds, which pursue both current income and long-term value-added; Index fund tracks a specific index, and the fund buys all or part of the shares of the index in order to pursue the same income as the index; A combined fund is to sell several funds together, and the funds mainly invest in ETFs.

Index funds do not belong to balanced funds and combined funds, and their concepts are different.