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Top 4 Best Balanced Funds by ICICI Prudential Mutual Fund 2024
Balanced Funds, also known as a hybrid scheme aim to bridge the gap between equity and Debt fund. These funds are a combination of both debt and Equity Fund. It provides the twin benefits of growth from equity markets and regular Income from debt markets.
The Balanced Fund by icici mutual fund typically holds up to 65 – 75% of its Portfolio assets in equities and the balance in Fixed Income securities. Investors wanting to invest in these funds can choose from the below-listed top 4 Best Balanced Funds by ICICI Mutual Fund. These funds have been shortlisted by undertaking certain parameters like AUM, past performances, NAV, etc.
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Why Invest in ICICI Balanced Funds?
Best of Both
Balanced funds are less volatile. They offer the best of both equity and debt funds ensuring higher return through equity component and stability through the debt component.
Low/Mid Risk, High Return
On the Basis of allocation of assets, the returns on balanced funds are risk adjusted. By Investing in small cap and mid-cap stocks, the equity gains are much higher and the associated risk Factor is controlled by the debt investment.
Best Balanced Mutual Funds by ICICI MF
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2023 (%) ICICI Prudential MIP 25 Growth ₹67.4398
↑ 0.02 ₹3,417 3.6 8.3 14.7 9.7 9.6 11.4 ICICI Prudential Equity and Debt Fund Growth ₹344.08
↑ 2.59 ₹33,502 9.3 24.1 41.9 27 20.7 28.2 ICICI Prudential Equity Arbitrage Fund Growth ₹31.6063
↓ -0.02 ₹17,729 1.8 3.7 7.6 5.5 5.2 7.1 ICICI Prudential Multi-Asset Fund Growth ₹651.146
↑ 1.62 ₹36,843 8.3 18.9 34 25.4 19.5 24.1 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 25 Apr 24
The Scheme seeks to generate regular income through investments primarily in debt and money market instruments. As a secondary objective, the Scheme also seeks to generate long term capital appreciation from the portion of equity investments under the Scheme. However, there can be no assurance that the investment objectives of the Scheme will be realized. ICICI Prudential MIP 25 is a Hybrid - Hybrid Debt fund was launched on 30 Mar 04. It is a fund with Moderately High risk and has given a Below is the key information for ICICI Prudential MIP 25 Returns up to 1 year are on (Erstwhile ICICI Prudential Balanced Fund) To generate long term capital appreciation and current income from a portfolio
that is invested in equity and equity related securities as well as in fixed income
securities. ICICI Prudential Equity and Debt Fund is a Hybrid - Hybrid Equity fund was launched on 3 Nov 99. It is a fund with Moderately High risk and has given a Below is the key information for ICICI Prudential Equity and Debt Fund Returns up to 1 year are on The investment objective of Income Optimiser Plan under the scheme is to seek to generate low volatility returns by using arbitrage and other derivative strategies in equity markets and investments in short-term debt portfolio. ICICI Prudential Equity Arbitrage Fund is a Hybrid - Arbitrage fund was launched on 30 Dec 06. It is a fund with Moderate risk and has given a Below is the key information for ICICI Prudential Equity Arbitrage Fund Returns up to 1 year are on (Erstwhile ICICI Prudential Dynamic Plan) To generate capital appreciation by actively investing in equity and equity related securities. For defensive considerations, the Scheme may invest in debt, money market instruments and derivatives. The investment manager will have the discretion to take aggressive asset calls i.e. by staying 100% invested in equity market/equity related instruments at a given point of time and 0% at another, in which case, the fund may be invested in debt related instruments at its discretion. The AMC may choose to churn the portfolio of the Scheme in order to achieve the investment objective. The Scheme is suitable for investors seeking high returns and for those who are willing to take commensurate risks. ICICI Prudential Multi-Asset Fund is a Hybrid - Multi Asset fund was launched on 31 Oct 02. It is a fund with Moderately High risk and has given a Below is the key information for ICICI Prudential Multi-Asset Fund Returns up to 1 year are on 1. ICICI Prudential MIP 25
CAGR/Annualized return of 10% since its launch. Ranked 2 in Hybrid Debt category. Return for 2023 was 11.4% , 2022 was 5.1% and 2021 was 9.9% . ICICI Prudential MIP 25
Growth Launch Date 30 Mar 04 NAV (25 Apr 24) ₹67.4398 ↑ 0.02 (0.03 %) Net Assets (Cr) ₹3,417 on 31 Mar 24 Category Hybrid - Hybrid Debt AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.74 Sharpe Ratio 3.16 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 100 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹10,218 31 Mar 21 ₹11,993 31 Mar 22 ₹13,120 31 Mar 23 ₹13,691 31 Mar 24 ₹15,710 Returns for ICICI Prudential MIP 25
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Apr 24 Duration Returns 1 Month 1.3% 3 Month 3.6% 6 Month 8.3% 1 Year 14.7% 3 Year 9.7% 5 Year 9.6% 10 Year 15 Year Since launch 10% Historical performance (Yearly) on absolute basis
Year Returns 2023 11.4% 2022 5.1% 2021 9.9% 2020 10.9% 2019 9.6% 2018 5.1% 2017 12.9% 2016 10.9% 2015 6.4% 2014 22.5% Fund Manager information for ICICI Prudential MIP 25
Name Since Tenure Manish Banthia 19 Sep 13 10.54 Yr. Akhil Kakkar 22 Jan 24 0.19 Yr. Roshan Chutkey 2 May 22 1.92 Yr. Sharmila D’mello 31 Jul 22 1.67 Yr. Data below for ICICI Prudential MIP 25 as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 16.72% Equity 22.71% Debt 60.32% Other 0.25% Equity Sector Allocation
Sector Value Financial Services 8.13% Consumer Cyclical 3.93% Health Care 2.62% Communication Services 2.58% Consumer Defensive 1.79% Basic Materials 1.21% Industrials 0.97% Utility 0.72% Technology 0.5% Real Estate 0.26% Debt Sector Allocation
Sector Value Government 31.35% Corporate 30.66% Cash Equivalent 14.36% Securitized 0.67% Credit Quality
Rating Value A 6.53% AA 31.51% AAA 61.95% Top Securities Holdings / Portfolio
Name Holding Value Quantity 7.18% Govt Stock 2033
Sovereign Bonds | -11% ₹380 Cr 37,658,050 8.1% Govt Stock 2034
Sovereign Bonds | -11% ₹358 Cr 35,904,750 7.26% Govt Stock 2033
Sovereign Bonds | -5% ₹156 Cr 15,431,800 7.38% Govt Stock 2027
Sovereign Bonds | -3% ₹116 Cr 11,500,000 L&T Metro Rail (Hyderabad) Limited
Debentures | -2% ₹83 Cr 850 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 19 | ICICIBANK2% ₹71 Cr 654,930 Yes Bank Limited
Debentures | -2% ₹63 Cr 650 Dlf Cyber City Developers Ltd
Debentures | -2% ₹59 Cr 600 Prestige Estates Projects Limited
Debentures | -2% ₹59 Cr 600 Tata Housing Development Company Limited
Debentures | -1% ₹50 Cr 5,000 2. ICICI Prudential Equity and Debt Fund
CAGR/Annualized return of 15.6% since its launch. Ranked 7 in Hybrid Equity category. Return for 2023 was 28.2% , 2022 was 11.7% and 2021 was 41.7% . ICICI Prudential Equity and Debt Fund
Growth Launch Date 3 Nov 99 NAV (25 Apr 24) ₹344.08 ↑ 2.59 (0.76 %) Net Assets (Cr) ₹33,502 on 31 Mar 24 Category Hybrid - Hybrid Equity AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.78 Sharpe Ratio 3.84 Information Ratio 2.49 Alpha Ratio 12.16 Min Investment 5,000 Min SIP Investment 100 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹7,882 31 Mar 21 ₹12,623 31 Mar 22 ₹16,807 31 Mar 23 ₹17,757 31 Mar 24 ₹25,057 Returns for ICICI Prudential Equity and Debt Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Apr 24 Duration Returns 1 Month 3.4% 3 Month 9.3% 6 Month 24.1% 1 Year 41.9% 3 Year 27% 5 Year 20.7% 10 Year 15 Year Since launch 15.6% Historical performance (Yearly) on absolute basis
Year Returns 2023 28.2% 2022 11.7% 2021 41.7% 2020 9% 2019 9.3% 2018 -1.9% 2017 24.8% 2016 13.7% 2015 2.1% 2014 45.6% Fund Manager information for ICICI Prudential Equity and Debt Fund
Name Since Tenure Sankaran Naren 7 Dec 15 8.32 Yr. Manish Banthia 19 Sep 13 10.54 Yr. Mittul Kalawadia 29 Dec 20 3.26 Yr. Akhil Kakkar 22 Jan 24 0.19 Yr. Sri Sharma 30 Apr 21 2.92 Yr. Sharmila D’mello 31 Jul 22 1.67 Yr. Data below for ICICI Prudential Equity and Debt Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 7.93% Equity 73.81% Debt 18.26% Equity Sector Allocation
Sector Value Financial Services 18.86% Consumer Cyclical 12.86% Energy 8.04% Utility 7.56% Communication Services 5.65% Health Care 5.23% Industrials 4.34% Technology 4.2% Basic Materials 2.97% Consumer Defensive 2.26% Real Estate 1.72% Debt Sector Allocation
Sector Value Government 11.6% Cash Equivalent 7.53% Corporate 7.06% Credit Quality
Rating Value A 3.72% AA 26.54% AAA 67.99% Top Securities Holdings / Portfolio
Name Holding Value Quantity NTPC Ltd (Utilities)
Equity, Since 28 Feb 17 | 5325557% ₹2,362 Cr 70,386,803
↓ -6,546,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jul 12 | ICICIBANK7% ₹2,314 Cr 21,991,832 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 16 | BHARTIARTL5% ₹1,640 Cr 14,595,380 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Jul 21 | MARUTI4% ₹1,445 Cr 1,280,135 Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 22 | RELIANCE4% ₹1,303 Cr 4,459,343 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 21 | HDFCBANK4% ₹1,279 Cr 9,116,385
↑ 1,794,215 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 May 16 | SUNPHARMA4% ₹1,236 Cr 7,835,635
↓ -137,861 7.18% Govt Stock 2033
Sovereign Bonds | -4% ₹1,215 Cr 120,666,240 8.25% Govt Stock 2033
Sovereign Bonds | -3% ₹1,065 Cr 105,279,550
↑ 20,000,000 Oil & Natural Gas Corp Ltd (Energy)
Equity, Since 30 Apr 17 | 5003123% ₹1,051 Cr 39,721,201
↓ -3,927,000 3. ICICI Prudential Equity Arbitrage Fund
CAGR/Annualized return of 6.9% since its launch. Ranked 4 in Arbitrage category. Return for 2023 was 7.1% , 2022 was 4.2% and 2021 was 3.9% . ICICI Prudential Equity Arbitrage Fund
Growth Launch Date 30 Dec 06 NAV (25 Apr 24) ₹31.6063 ↓ -0.02 (-0.07 %) Net Assets (Cr) ₹17,729 on 31 Mar 24 Category Hybrid - Arbitrage AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆☆ Risk Moderate Expense Ratio 0.97 Sharpe Ratio 1.31 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load 0-1 Months (0.25%),1 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹10,626 31 Mar 21 ₹10,991 31 Mar 22 ₹11,414 31 Mar 23 ₹11,992 31 Mar 24 ₹12,895 Returns for ICICI Prudential Equity Arbitrage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Apr 24 Duration Returns 1 Month 0.7% 3 Month 1.8% 6 Month 3.7% 1 Year 7.6% 3 Year 5.5% 5 Year 5.2% 10 Year 15 Year Since launch 6.9% Historical performance (Yearly) on absolute basis
Year Returns 2023 7.1% 2022 4.2% 2021 3.9% 2020 4.3% 2019 5.9% 2018 6.2% 2017 5.5% 2016 6.8% 2015 7.6% 2014 8.6% Fund Manager information for ICICI Prudential Equity Arbitrage Fund
Name Since Tenure Rohan Maru 29 Dec 20 3.26 Yr. Nikhil Kabra 29 Dec 20 3.26 Yr. Sharmila D’mello 31 Jul 22 1.67 Yr. Archana Nair 1 Feb 24 0.16 Yr. Kaivalya Nadkarni 1 Feb 24 0.16 Yr. Data below for ICICI Prudential Equity Arbitrage Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 95.76% Debt 4.67% Other 0.02% Equity Sector Allocation
Sector Value Financial Services 21.84% Energy 9.84% Basic Materials 9.73% Industrials 8.67% Utility 4.06% Consumer Defensive 3.45% Health Care 2.86% Consumer Cyclical 2.85% Technology 2.65% Communication Services 2.63% Real Estate 0.58% Debt Sector Allocation
Sector Value Cash Equivalent 88.83% Corporate 8.64% Government 2.96% Securitized 0% Credit Quality
Rating Value AAA 100% Top Securities Holdings / Portfolio
Name Holding Value Quantity Future on HDFC Bank Ltd
Derivatives | -8% -₹1,455 Cr 10,288,300
↑ 5,552,250 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 21 | HDFCBANK8% ₹1,444 Cr 10,288,300
↑ 5,552,250 ICICI Pru Savings Dir Gr
Investment Fund | -5% ₹816 Cr 16,474,508 ICICI Pru Money Market Dir Gr
Investment Fund | -5% ₹801 Cr 23,107,758
↑ 23,107,758 364 DTB 14032024
Sovereign Bonds | -4% ₹624 Cr 62,500,000
↑ 15,000,000 Future on Reliance Industries Ltd
Derivatives | -3% -₹595 Cr 2,019,250
↑ 36,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 18 | RELIANCE3% ₹590 Cr 2,019,250
↑ 36,000 Future on Adani Ports & Special Economic Zone Ltd
Derivatives | -2% -₹421 Cr 3,164,800
↓ -92,000 Adani Ports & Special Economic Zone Ltd (Industrials)
Equity, Since 31 Aug 19 | ADANIPORTS2% ₹418 Cr 3,164,800
↓ -92,000 Future on Adani Enterprises Ltd
Derivatives | -2% -₹393 Cr 1,186,500
↑ 301,200 4. ICICI Prudential Multi-Asset Fund
CAGR/Annualized return of 21.5% since its launch. Ranked 53 in Multi Asset category. Return for 2023 was 24.1% , 2022 was 16.8% and 2021 was 34.7% . ICICI Prudential Multi-Asset Fund
Growth Launch Date 31 Oct 02 NAV (24 Apr 24) ₹651.146 ↑ 1.62 (0.25 %) Net Assets (Cr) ₹36,843 on 31 Mar 24 Category Hybrid - Multi Asset AMC ICICI Prudential Asset Management Company Limited Rating ☆☆ Risk Moderately High Expense Ratio 1.83 Sharpe Ratio 3.6 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 100 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹7,873 31 Mar 21 ₹12,356 31 Mar 22 ₹16,198 31 Mar 23 ₹17,881 31 Mar 24 ₹23,704 Returns for ICICI Prudential Multi-Asset Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Apr 24 Duration Returns 1 Month 3.5% 3 Month 8.3% 6 Month 18.9% 1 Year 34% 3 Year 25.4% 5 Year 19.5% 10 Year 15 Year Since launch 21.5% Historical performance (Yearly) on absolute basis
Year Returns 2023 24.1% 2022 16.8% 2021 34.7% 2020 9.9% 2019 7.7% 2018 -2.2% 2017 28.2% 2016 12.5% 2015 -1.4% 2014 37% Fund Manager information for ICICI Prudential Multi-Asset Fund
Name Since Tenure Sankaran Naren 1 Feb 12 12.17 Yr. Manish Banthia 22 Jan 24 0.19 Yr. Ihab Dalwai 3 Jun 17 6.83 Yr. Akhil Kakkar 22 Jan 24 0.19 Yr. Sri Sharma 30 Apr 21 2.92 Yr. Gaurav Chikane 2 Aug 21 2.66 Yr. Sharmila D’mello 31 Jul 22 1.67 Yr. Data below for ICICI Prudential Multi-Asset Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 19.11% Equity 67.25% Debt 8.8% Other 4.84% Equity Sector Allocation
Sector Value Financial Services 20.87% Consumer Cyclical 7.59% Energy 7.4% Utility 5.84% Basic Materials 5.07% Health Care 4.92% Technology 4.59% Industrials 3.74% Consumer Defensive 3.22% Communication Services 2.95% Real Estate 1.06% Debt Sector Allocation
Sector Value Cash Equivalent 18.07% Government 5.63% Corporate 4.21% Credit Quality
Rating Value A 2.72% AA 9.35% AAA 85.49% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 06 | ICICIBANK6% ₹1,981 Cr 18,829,681
↓ -308,700 NTPC Ltd (Utilities)
Equity, Since 31 Mar 17 | 5325555% ₹1,646 Cr 49,047,163
↓ -4,467,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 22 | HDFCBANK4% ₹1,552 Cr 11,057,759
↑ 3,218,650 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Aug 21 | MARUTI4% ₹1,306 Cr 1,157,159
↓ -23,500 Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 20 | RELIANCE3% ₹1,118 Cr 3,827,758
↑ 450,000 ICICI Pru Gold ETF
- | -3% ₹971 Cr 179,088,851
↑ 15,175,925 SBI Cards and Payment Services Ltd Ordinary Shares (Financial Services)
Equity, Since 30 Nov 22 | SBICARD3% ₹882 Cr 12,250,556
↑ 247,558 Infosys Ltd (Technology)
Equity, Since 31 Oct 19 | INFY2% ₹819 Cr 4,891,022
↑ 216,800 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 16 | BHARTIARTL2% ₹794 Cr 7,066,516
↑ 506,878 ICICI Lombard General Insurance Co Ltd (Financial Services)
Equity, Since 31 Oct 21 | ICICIGI2% ₹787 Cr 4,600,295
↓ -101,900
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