Balanced fund is a kind of hybrid fund. Hybrid funds refer to funds that invest in stocks, bonds and money market instruments and do not meet the classification standards of stock funds and bond funds. Stock investment can exceed 20% (up to 95%) and bond investment can exceed 40% (up to 95% in extreme cases). According to the different investment ratios and investment strategies of stocks and bonds, hybrid funds can be divided into various types, such as partial stock funds, partial debt funds and allocation funds (balanced funds).

Balanced fund is a fund that pursues both long-term capital appreciation and current income, and its risk and income are between growth funds and income fund. Balanced funds are favored by many investors because of their neutral risks and benefits. In the United States, nearly a quarter of open-end funds are balanced funds.

Huaxia Return, Huaxia Return No.2, Shangtou Morgan Shuangli, Yinhe Steady, Guangfa Jufu, CITIC Classic Configuration, Baokang Flexible Configuration, Nuoan Balance and Guangfa Steady are all balanced funds.