You need to remember the factors that would affect your asset allocation strategy. Some of them are as follows:-
The investment choices that an individual makes should be aligned to their financial risk profiles. The risk profile defines how much risk that particular investor is willing and able to take.
Balanced funds, which are often called hybrid funds, own both stocks and bonds. They earn the "balanced" moniker by keeping the balance between the two asset classes pretty steady, usually placing about 60% of their assets in stocks and 40% in bonds.