A category of equity mutual funds with portfolios that are made up of a mix of value and growth stocks.
This is also referred to as a "hybrid fund".
A blend mutual fund has its origins in the graphical representation of a fund's essential characteristics in an equity style box, which was created and popularized by the investment research firm, Morningstar, Inc.
A style box for stocks contains nine squares. The vertical axis is divided into three categories, which represent company size - large, medium, and small - as determined by a fund's market capitalization. The horizontal axis is also divided into three categories based on the stocks in a fund's stock portfolio: value, value/growth blend and growth stocks.
As such, there are three versions of a stock blend fund, which would be differentiated simply by company size.