As the name suggests, this category of funds invests in both the asset classes - equity & debt. At least 65% will be invested in equity and the remaining will get invested in debt. You are getting a ready made portfolio that invests between equity and debt & need not worry on rebalancing the portfolio as the same is taken care by the professional fund manager.
As for as taxation goes, these funds will get the treatment of an equity fund. There is no dividend distribution tax & no long term capital gain tax if the units are sold after 1 year.
The best of Balanced Funds are covered here:
| Fund Name | Launch Date | NAV As on 04.11.2011 (Rs.) | Return as a % as on 04.11.2011 | Value Research Rating | ||
| 3 Yrs | 5 Yrs | Since Inception | ||||
| Birla Sun Life 95 Fund | Feb-1995 | 301.89 | 26.19 | 11.84 | 22.88 | **** |
| Canara Robeco Balance | Jan-1993 | 60.86 | 22.98 | 10.17 | 11.79 | **** |
| DSP BlackRock Balanced Fund | May-1999 | 64.13 | 20.15 | 11.70 | 16.10 | **** |
| HDFC Balanced Fund | Aug-2000 | 56.48 | 28.10 | 12.18 | 16.79 | ***** |
| HDFC Prudence Fund | Jan-1994 | 208.39 | 30.09 | 13.87 | 20.61 | ***** |
| Reliance Regular Savings Fund - Balanced Plan | May-2005 | 21.16 | 24.83 | 13.38 | 12.41 | **** |
| Tata Balanced Fund | Oct-1995 | 82.24 | 23.59 | 11.81 | 16.21 | **** |
For more informations and application forms, kindly contact your nearest branch of Integrated.
For list of branches visit http://www.iepindia.com/contact.aspx
Risk Factors : Mutual Fund investments are subject to market risk. Please read scheme information document carefully before investing.
Regards,
Integrated Enterprises (India) Ltd.,