We consider the balanced pantograph equation (BPE) \(y{\prime}\left(x\right)+y\left(x\right)={\sum }_{k=1}^{m}{p}_{k}y\left({a}_{k}x\right)\) , where ak, pk > 0 and \({\sum }_{k=1}^{m}{p}_{k}=1\) . It is known that if \(K={\sum }_{k=1}^{m}{p}_{k}{\text{ln}}{a}_{k}\le 0\) then, under mild technical conditions, the BPE does not have bounded solutions that are not constant, whereas for K > 0 these solutions exist. In the present paper, we deal with a BPE of mixed type, i.e., a1 < 1 < am, and prove that, in this case, the BPE has a nonconstant solution y and that y(x) ~ cxσ as x → ∞, where c > 0 and σ is the unique positive root of the characteristic equation \(P\left(s\right)=1-\sum_{k=1}^{m} {p}_{k}{a}_{k}^{-s}=0\) . We also show that y is unique (up to a multiplicative constant) among the solutions of the BPE that decay to zero as x → ∞.