Here are the best performing Balanced Funds to invest.
|2 Years||3 Years||5 Years|
|Birla SL Balanced '95 Fund(G)||16.45||25.38||15.83|
|Canara Rob Balance Scheme-Reg(G)||13.75||23.07||14.77|
|Franklin India Balanced Fund(G)||17.77||24.51||15.92|
|HDFC Balanced Fund(G)||14.29||27.13||15.92|
|ICICI Pru Balanced Advantage Fund(G)||12.44||20.27||14.97|
|L&T India Prudence Fund-Reg(G)||16.33||25.65||16.93|
|Reliance Reg Savings Fund-Balanced Plan(G)||14.22||25.73||15.68|
|SBI Magnum Balanced Fund-Reg(G)||15.55||24.25||16.87|
|Tata Balanced Fund(G)||16.69||26.51||17.66|
|UTI Balanced Fund(G)||11.46||20.24||12.46|
Features of Balanced Funds
The 3- and 5-year returns of balanced funds are on par with other good performing large-cap funds.
Balanced Funds are safer when compared to pure-play equity funds.
Equity-oriented balanced funds offer a distinct tax advantage to the investors, as holding on to equity investments for more than a year, renders the redeemed amount tax free.
The benefit of investing in balanced funds becomes more apparent when the market is volatile