Hybrid: Equity-oriented
- This Mutual Fund is also called Balanced Fund.
- 65 to 80 % of total money in this type of Mutual Fund is invested in equity / stock market & rest 20 to 35 % of balance money is invested in fixed income instruments like Bond, Govt securities etc.
- The risk factor is minimum in this type of Mutual Fund.
- Return on investment is good and well above Fixed Deposit/ PPF/TD present in Indian market.
- Profit gained after minimum one year of investment is termed as' Long Term Capital Gain'.
- This long term capital gain is totally exempted from paying income tax.
Now, there are numbers of Mutual fund schemes from different mutual fund houses. We will discuss few good funds as examples of 'Hybrid: Equity-oriented' category.
- HDFC Balanced Fund: Invests in stock market as well as fixed income instruments. Yearly return of this fund is roughly 20 % as on date.
- L & T Prudence Fund: Invests in stock market as well as fixed income instruments. Yearly return of this fund is roughly 19 % as on date.
- ICICI Prudential Balanced Fund : Invests in stock market as well as fixed income instruments. Yearly return of this fund is roughly 19 % as on date.
The examples are given above for your easy understanding. There are other good funds available in this category, which may be found easily in the internet.
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