As a category, Equity Oriented Balanced funds have grown by an average of 11.5 per cent per annum over a 10 year period as of 7th July, 2016. Factor in the tax efficiency of this return (returns from Equity Oriented Balanced Funds are tax free after a year), and this actually works out to quite an impressive growth rate for a moderate risk investor. To put it in perspective, an 11.5 per cent return would have nearly tripled the value of Rs. 1 Lac to nearly 3 Lacs over the past decade - which has seen its fair share of turmoil; what with subprime mortgages, government changes and more recently, the prospects of a divided EU creating bouts of volatility on more than one occasion!
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