Axis Balanced Advantage Fund completes seven years, offers 11% CAGR since inception
Axis Balanced Advantage Fund, an open-ended dynamic asset allocation fund, has completed seven years in the market and offered 10.70% CAGR since inception.
Launched in August 2017, the scheme has offered 13.51% CAGR in the last five years. In the last three years, it offered 12.88% CAGR. The scheme delivered 29.26% and 16.88% returns, respectively, in the last one-year and six-month horizons.
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The scheme is benchmarked against Nifty 50 Hybrid Composite Debt 50:50 Index and had an AUM of Rs 2,523 crore as on August 2024.
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