Hi Hi, Sagar Hi, good morning Nirav. Good morning. Nirav, I just wanted to understand, you know, a few things from the perspective of a new investor. Okay. Now if you know a new investor who is not having any idea about the market, okay, and having turned around volatility or no regards to equity market then have a new investor look at volatility. um, so at the very outset, you know, generally volatility is associated with a negative connotation, which is quite unfair in regards to no one must view volatility as a friend rather than an enemy because General volatility at the end of the day is nothing but a sign of life and profits are made when markets are volatile just imagine a situation where if you've invested into something and the prices are not either going up not giving you the the appreciation neither going down not giving you the opportunity to buy more petal or cause it it becomes very difficult to create profits in a rather Stable Market and you know volatility is where the opportunity lies. I got it. But you know the real confusion is is there any category, you know, which know specifically manages the volatility because a new investor like me, you know, or any other investor know can't really time the market right? So can can you just please let me know about the category which one should look at? So you know while this is a very specific question. Ian, you know, there is no real category for volatility per se however having said that, you know considering you know, or other presuming that you know, new investors are trying to get into your own. I've investors are trying to get into investing and touching mutual funds for perhaps the first time, you know, there is a category specifically called as Dynamic asset allocation fund which has the mandatory. Rather allows the fund manager to play around with the allocations within that or fixed income securities, which includes government securities corporate defenses Etc. I will rot which is typically minimal risk form of a trade where and you know price differences between two markets are exploited and profits are booked and the normal open Equity markets. So, you know dynamic asset allocation funds are typically known to be The best during volatile times, you know presuming faith in the fund manager and different management that note. Let's say if there's Caesar, you know, if the fund manager season opportunity opening up and Equity is he Kris has his allocation towards equities in the particular fund at the same time of dearest to gory. He starts moving his portfolio allocation towards Arbitrage and holds onto it till another opportunity arises and at the same. Timely manages the dead portion to continually generate very good returns, you know as a supporting Factor. So Dynamic asset allocation funds, you know in the fun names more popularly known as balanced Advantage Funds are you know kind of moderate risk kind of mandates moderate to moderate High kind of a mandate wherein they have the flexibility to, you know, maneuver around Market movements, so So this is the category one must look at I wanted me to but little why I've just heard know many things around it. So as you rightly speak about and classification of know this Dynamic asset allocation funds into Equity Arbitrage and fixed income, right? So what is the taxation for it? Because it will be a detection rate if you know it investing into an Arbitrage and fixed income or No No, in fact on the contrary the best About this is it is taxed as equity which is far more efficient than debt instruments in general. So the Mandate typically, you know us for a minimum allocation of 65% into Equity however for classification purpose, although the you know, risk involved is very similar to that. So for debt instrument Arbitrage is also classified as Equity so, you know while while it is managed, you know in a very optimal fashion be taxed Ation always continues to remain as that of equity for most dynamic asset allocation and balanced Advantage Funds as you may call it. So which is far more efficient, you know, if you in redeem within a year on the profits realized it as hardly 15% and if you manage to hold it for beyond the Earth you pay taxes only and only above gains of Rupees to unlock and that only 10% on that so it is far more efficient than the other instruments available. Well in the market, you know where you need to pay as per your personal tax lab? Okay. So like I got it. I got it completely tanks tanks me Robert De Niro so balance advantage and balanced fund right there looks a more. There is a difference between both of this category because both care is balance balance of balance advantage in balancer. How do you prefer this both categories? So you have a balanced and balanced Advantage are more, you know, cool. Local terms used in common usage while talking about it the you know sebi has classified in a more Crystal manner by calling a dynamic asset allocation and aggressive hybrids parents and hybrid funds but I'm so balance majorly falls under the hybrid and aggressive hybrid fund, whereas balanced Advantage, you know falls under the dynamic asset allocation fund. So while the normal fundings may be slightly confusing because of the Common usage of the word balance but no balance find the typically, you know largely represents, you know an allocation of 65 to Pure equity and 35 to fixed income as a basic mandate. Now these allocations can change per the fund manager, but the key point of Distinction is generally balanced funds do not utilize Arbitrage. They have only equity and debt but balance Advantage utilizes a in a very healthy manner utilizes the Arbitrage. Parent as well. I got it. So, but correct me if I'm wrong. So balanced Advantage is the category is food if also suitable for those who wanted to know right the volatility and along with that who wants and tax-efficient returns, right? Absolutely. Okay. Thank you so much in a row. I guess you have resolved all my queries against. Thank you so much for your time. Thank you, sir. Thank you.