1. The main difference between asset allocation mutual funds and balanced funds is that the asset allocation fund a. b. c. d. O is trying to balance growth equities with income-producing equities O is trying to balance interest income with dividend income. It is not trying to balance the asset mix does not have to hold a specified minimum percentage of the fund in any class of investment O is not really a specific fund, but a plan that allows the investor to move his money from fund to fund within the same family of funds