The buoyancy witnessed in the stock markets is already showing up in the NAVs of balanced funds.

The key market indices have logged in growth in excess of 3% over the last week. The rise was largely driven by buying interest in the FMCG and Indian pharma stocks. Also, IT majors including Satyam Computers, Infosys and NIIT recovered from their recent lows.

Open-ended, Balanced Schemes	NAV(Rs)	Last week	Last month	Last year	Since inception
K Balance	9.7	5.7%	-4.5%	0.0%	-0.4%
Zurich(I) Prudence (Gr)	19.2	3.8%	3.3%	-0.2%	16.0%
DSP ML Balanced (Gr)	10.4	3.0%	-0.7%	-5.0%	2.9%
Alliance 1995 Fund (Gr)	53.4	2.6%	-1.6%	34.4%	37.2%
Dhanavikas (1)	7.7	2.4%	-1.5%	-22.0%	-3.3%
Pru ICICI Balanced (Gr)	9.5	2.0%	-1.4%	0.0%	-2.8%
Tata Balanced	14.3	1.9%	-2.4%	14.5%	13.9%
Dhanasahayog C (Gr)	17.2	1.4%	-5.1%	-29.8%	2.5%
Sun F&C Balanced (Gr)	7.7	1.2%	-4.4%	0.0%	-27.7%
ING Balanced (Cum)	8.6	1.2%	-9.3%	0.0%	-9.1%
HDFC Balanced Fund (Gr)	9.9	1.2%	0.9%	0.0%	-0.4%
Magnum Balanced Fund	13.2	1.1%	-7.8%	19.0%	19.3%
Tata Young Citizens	10.4	1.0%	-2.5%	10.1%	17.0%
K P Balanced (Gr)	8.0	1.0%	-5.5%	0.0%	-24.8%

(The above table shows only Balanced funds with over 1% growth in last week)

Balanced funds, which have a significant portion of their investments in fixed income securities, managed to trim their losses over the last few weeks even as the equity markets slumped. Now with the equity markets turning buoyant, NAVs of the Balanced funds have further benefited as their equity portfolios have shown significant growth.

Investors, who want to be protected from the volatility in the equity markets and also desire a good return, should consider Balanced funds as a potential avenue of investment.

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