This risk is avoided on behalf of the high probability of greater returns and different amount of funds are invested in equities and related securities. (policybazaar.com)
Note that these bond funds are investing in bonds where the number of years left for the bonds to mature match the target maturity for the fund. (money.stackexchange.com)
Balanced Funds are a kind of mutual fund scheme where funds are invested in equities as well as debt. (groww.in)