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Axis Balanced Advantage Fund gave 31% return in one year, which is much more than FD-PPF

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Axis Balanced Advantage Fund gave 31% return in one year, which is much more than FD-PPF

Investment Tips: If you are still investing in schemes like FD and PPF, then wait a bit. We will tell you about such an option, where the risk is very low and the return is double as compared to FD-PPF.

If you also wait for years to make a big corpus by investing in schemes like bank FD and PPF, then look at this side. There is such an investment option in the market, which is giving you double the interest of FD and PPF without taking much risk. The situation is such that the amount invested here 7 years ago has now increased to two and a half times. This option has given a return of 31 percent in the last one year, which is far ahead of its other competitors.

Actually, we are talking about Axis Mutual Fund’s Balanced Advantage Fund. This fund gave a return of 31 percent in a year, leaving behind bank deposits, PPF or all other means of investment. This means that if you had invested Rs 10,000 in this fund a year ago, it would have increased to Rs 13,000 today. Axis Fund’s Balanced Advantage Fund was launched on August 1, 2017 and now it has completed seven years.

SIP and Lumpsum both from Rs 100

This fund is for all types of investors, small and big, because in this you can start your SIP from Rs 100, while the minimum limit for lumpsum investment is also Rs 100. So far, the asset under management (AUM) of this fund has increased to Rs 2,466 crore.

While Axis’s Balanced Advantage Fund has given more than 31 percent return in a year, its benchmark Nifty 50 Hybrid Composite has given a return of only 17.68 percent.

Money has increased 2.5 times in 7 years

Let us tell you that this fund has given compound interest at the rate of 15 percent in the last 7 years. This means that if someone had invested a lump sum of Rs 1 lakh at the beginning of the fund, then by now his amount would have increased to Rs 2.66 lakh. That is, the investor would have got Rs 1.66 lakh only as interest. If we look at the returns of other fund houses, Nippon’s Balanced Advantage Fund has given a return of 28 percent in a year. Birla’s fund has given a return of 25 percent, SBI Balanced has given 25 percent, Kotak Balanced has given 24 percent and Tata Balanced Advantage Fund has given only 23 percent.

Why is there not much risk

Jayesh Sundar, equity fund manager of Axis Mutual Fund, says that this fund adopts a dynamic strategy for equity allocation. It looks at model based evaluation for investment, which reduces the risk. The fund currently has 77.6 percent investment in large cap, 13.1 percent in mid cap and 9.4 percent in small cap. Talking about the top 10 sectors, the focus is more on companies related to financial services, IT, healthcare, oil and gas, automobile and its parts, FMCG, capital goods, chemicals.

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