Mutual Fund: This Balanced Advent Fund returned over 31 percent in one year.

Mutual Fund: Leaving aside bank deposits, PPF or all other investment avenues, Axis Mutual Fund's Balanced Advantage Fund has returned over 31 percent in one year. That means, if you have invested Rs 10,000, today it will be more than Rs 13,000. Axis Fund's Balanced Advantage Fund was launched on August 1, 2017 and has now completed seven years. In this, you can invest in lump sum and multiples thereof from Rs.100 through SIP. Its AUM is Rs 2,466 crore. Axis' Balanced Advantage Fund has returned over 31 per cent in one year, while its benchmark Nifty 50 Hybrid Composite returned just 17.68 per cent. The fund's returns have been over 15 percent at a compound growth rate (CAGR) over three years. Meanwhile, looking at the returns of other fund houses, Nippon's Balanced Advantage Fund has returned 28 per cent in a year. Birla's fund has returned 25 per cent, SBI Balanced 25 per cent, Kotak Balanced 24 per cent and Tata Balanced Advantage Fund 23 per cent. Balanced Advantage Fund The fund follows a dynamic approach to asset allocation. For this, the Balanced Advantage Fund uses a systematic rule-based model that adjusts the equity allocation over time. It is an internal process where the fund manager can invest in equity. The fund invests zero to 100 percent in equity or fixed income. Jayesh Sunder, Equity Fund Manager, Axis Mutual Fund, said Axis Balanced Advantage Fund adopts a dynamic strategy of equity allocation, which includes companies with strong growth potential at reasonable valuations. This fund looks at model-based valuation for investment. Thereby the danger emerges. There is an asset allocation committee that reviews investments monthly and makes investment decisions based on events. The fund follows five factors for rebalancing. It mainly includes valuations, earnings, global and domestic macro conditions, trends and global events. The fund currently invests 77.6 percent in large caps, 13.1 percent in mid caps and 9.4 percent in small caps. Talking about the top 10 sectors, they are financial services, information technology, healthcare, oil and gas, automobile and accessories, FMCG, capital goods, chemical and others. Also Read: Started his business with scrap in 1970, today it doesn't matter if he has a bad CIBIL score, the fund has returned over 31 per cent in a year recovering from these methods.