New Delhi, Nov. 12 -- It's often said that investing is neither an art nor a science-it's a bit of both. Beyond conventional balanced funds lie newer categories of hybrid products that try to blend the art of investing with the science of using models to balance risk and manage volatility.

Often, the biggest challenge for investors lies in reducing the gap between a fund's performance and their own investment portfolio performance. And what tends to come in the way is not the market or fund outcomes-over cycles, these outcomes end up delivering-but how the investor ends up controlling their own investing journey through those cycles.

The popular adage goes, 'Get greedy when others are fearful and vice-versa,' but doing so in real life i...