These products are appropriate for first time investors with little or no knowledge of the market places. Given that nature of funds, these can be considered for lump sum investment as well, irrespective of the market conditions as the fund manager here will be the needful in terms of allocation across multiple asset classes. Historical trends, suggest that adhering to asset allocation matters more than any other step. However, investors stress more on aspects like security selection, portfolio churning, timing the market etc. which over the long term tends to be a futile exercise.