New Delhi, May 27 -- As an investor who is about to start investing in mutual funds, you might be wondering how to select the best mutual funds. You might spend most of your time trying to figure out the best fund for your needs based on past returns or top performing segments or star fund managers. However, fund selection is not the only aspect that can influence your investment experience, the more fundamental thing is asset allocation.

The concept of asset allocation simply means the distribution of investments among different asset classes including equity, debt, and gold investments. Asset allocation plays an important role in balancing the risk and returns of investments. Sometimes, asset allocation has more importance compared to ...