I was looking up for good Balanced Funds to help a friend and thought of putting this up for my own reference.
Balanced mutual funds invest in both equity and debt. Here is the list of some of the good – balanced mutual funds in India, based on the 5 year returns.
Balanced mutual funds are treated as equity funds for tax purposes when the fund allocates at least 65% into equities on an annual average fund amount.
There are various kinds of Mutual funds for Investors to choose from. Balanced Mutual Funds is one category where there is a mix of Equities and Debt. These mutual funds take care of the asset allocation between equities and debt for the Investor.
|Fund||5 Year Return (%)||Inception Date||Expense Ratio|
|HDFC Children’s Gift-Inv||12.08||Feb-01||2.10%|
|Reliance Regular Savings Balanced||16.06||May-05||2.22%|
|Birla Sun Life 95||15.54||Feb-95||2.33%|
|Canara Robeco Balance||11.57||Jan-93||2.39%|
|FT India Balanced||11.85||Dec-99||2.35%|
|Principal Conservative Growth||13.32||Aug-01||2.50%|