WHAT INVESTMENT OBJECTIVES DO GROWTH AND INCOME FUNDS FULFILL?
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Growth and income funds seek a combination of growth in value and the payment of steady income. To achieve this, they invest in stocks that do two things: grow in value and pay dividends that are competitive or better than average. They emphasize growth of capital more than income.
Growth and income funds are popular with investors who want current income and can tolerate moderate levels of volatility in their mutual funds.
Now, let's look at how growth and income funds achieve their objective.