Mutual Fund: In one year the Balanced Advantage Fund gave 31% of the profits, surpassing fixed deposits and other instruments

New Delhi| The Balanced Advantage Fund has given profits of up to 31 per cent in a year, surpassing other means of investment, including the bank’s fixed deposits. That is, during this period, if you had invested Rs 10,000 in the Balanced Advantage Fund, today it would have been more than Rs 13,000. This scheme of mutual funds invests from zero to 100 per cent in the equity market.

According to the data released by the Association of Mutual Funds in India (Amfi) on Tuesday, investors are trending in equity funds. The Balanced Advantage Fund uses a systematic rule-based model that integrates equity allocation over time. This is an in-house process with the help of which the fund manager is able to invest in equity. The fund invests from zero to 100 per cent in equity or fixed income.

Jayesh Sundar, Equity Fund Manager, Axis Mutual Fund, says Axis Balanced Advantage Fund adopts a dynamic strategy for equity allocation, involving companies with strong growth potential at reasonable valuations. The fund currently has 77.6 per cent investment in largecap stocks. Midcap stocks account for 13.1 per cent of investments and small caps for 9.4 per cent. The top 10 sectors are Financial Services, IT, Healthcare, Oil & Gas, Automobile & Its Parts, FMCG Sector, Capital Goods, Chemical and others.