Investment Tips: Getting double the interest from FD and PPF, money doubled in 7 years..

If you also wait for years to make a huge corpus by investing money in schemes like bank FD and PPF, then take a look at this. There is an investment option in the market, which is giving you double the interest of FD and PPF without taking much risk. The situation is such that the amount invested here 7 years ago has now increased to two and a half times. This option has given a return of 31 percent in the last year, which is far ahead of its other competitors.

We are talking about Axis Mutual Fund's Balanced Advantage Fund. This fund has given a return of 31 percent in just one year, leaving behind bank deposits, PPF, or all other means of investment. This means that if you had invested Rs 10,000 in this fund a year ago, it would have increased to Rs 13,000 today. Axis Fund's Balanced Advantage Fund was started on August 1, 2017, and now it has completed seven years.

We are talking about Axis Mutual Fund's Balanced Advantage Fund. Both SIP and Lumpsum from Rs 100
This fund is for all types of investors, small and big, because in this you can start your SIP from Rs 100, while the minimum limit of lumpsum investment is also Rs 100. So far, the asset under management (AUM) of this fund has increased to Rs 2,466 crore.
While Axis' Balanced Advantage Fund has given more than 31 percent return in a year, its benchmark Nifty 50 Hybrid Composite has given a return of only 17.68 percent.

Money has increased two and a half times in 7 years
Let us tell you that this fund has given compound interest at the rate of 15 percent in the last 7 years. This means that if someone had invested a lump sum of Rs 1 lakh at the beginning of the fund, then by now his amount would have increased to Rs 2.66 lakh. That is, the investor would have got Rs 1.66 lakh only as interest. If we look at the returns of other fund houses, Nippon's Balanced Advantage Fund has given a return of 28 percent in one year. Birla's fund has given a return of 25 percent, SBI Balanced 25 percent, Kotak Balanced 24 percent and Tata Balanced Advantage Fund has given a return of only 23 percent.

Why is there not much risk?
Jayesh Sundar, equity fund manager of Axis Mutual Fund, says that this fund adopts a dynamic strategy for equity allocation. It looks at model-based evaluation for investment, which reduces the risk. The fund currently has 77.6 percent investment in large cap, while 13.1 percent in mid-cap and 9.4 percent in small cap. Talking about the top 10 sectors, there is more focus on companies related to financial services, IT, healthcare, oil and gas, automobile and its parts, FMCG, capital goods, and chemicals.