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Top 4 Best Balanced Funds by ICICI Prudential Mutual Fund 2024

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Top 4 Best Balanced Funds by ICICI Prudential Mutual Fund 2024

Updated on February 29, 2024 , 6033 views

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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ICICI

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

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2023 (%)
ICICI Prudential MIP 25 Growth ₹66.255
↑ 0.14
₹3,3813.96.714.39.19.711.4
ICICI Prudential Equity and Debt Fund Growth ₹333.36
↑ 3.93
₹31,19612.320.338.224.321.228.2
ICICI Prudential Equity Arbitrage Fund Growth ₹31.2545
↑ 0.01
₹16,30723.77.55.45.27.1
ICICI Prudential Multi-Asset Fund Growth ₹618.739
↑ 1.45
₹32,8317.914.930.722.719.724.1
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 1 Mar 24

1. ICICI Prudential MIP 25

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 CAGR/Annualized return of 9.9% since its launch.  Ranked 2 in Hybrid Debt category.  Return for 2023 was 11.4% , 2022 was 5.1% and 2021 was 9.9% .

Below is the key information for ICICI Prudential MIP 25

ICICI Prudential MIP 25
Growth
Launch Date 30 Mar 04
NAV (01 Mar 24) ₹66.255 ↑ 0.14   (0.21 %)
Net Assets (Cr) ₹3,381 on 31 Jan 24
Category Hybrid - Hybrid Debt
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 1.74
Sharpe Ratio 2.01
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.

DateValue
28 Feb 19₹10,000
29 Feb 20₹10,976
28 Feb 21₹12,231
28 Feb 22₹13,279
28 Feb 23₹13,918
29 Feb 24₹15,903

ICICI Prudential MIP 25 SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹385,859.
Net Profit of ₹85,859
Invest Now

Returns for ICICI Prudential MIP 25

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 1 Mar 24

DurationReturns
1 Month 0.9%
3 Month 3.9%
6 Month 6.7%
1 Year 14.3%
3 Year 9.1%
5 Year 9.7%
10 Year
15 Year
Since launch 9.9%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Manish Banthia19 Sep 1310.37 Yr.
Akhil Kakkar22 Jan 240.02 Yr.
Roshan Chutkey2 May 221.75 Yr.
Sharmila D’mello31 Jul 221.5 Yr.

Data below for ICICI Prudential MIP 25 as on 31 Jan 24

Asset Allocation
Asset ClassValue
Cash19.5%
Equity22.76%
Debt57.49%
Other0.25%
Equity Sector Allocation
SectorValue
Financial Services6.38%
Consumer Cyclical3.65%
Communication Services3.33%
Basic Materials2.26%
Health Care2.25%
Energy1.9%
Utility1.07%
Consumer Defensive0.8%
Industrials0.58%
Technology0.51%
Debt Sector Allocation
SectorValue
Corporate32.11%
Government28.64%
Cash Equivalent15.66%
Securitized0.59%
Credit Quality
RatingValue
A6.57%
AA34.19%
AAA59.24%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
8.1% Govt Stock 2034
Sovereign Bonds | -
11%₹357 Cr35,904,750
7.26% Govt Stock 2033
Sovereign Bonds | -
5%₹155 Cr15,431,800
7.18% Govt Stock 2033
Sovereign Bonds | -
4%₹125 Cr12,500,000
7.38% Govt Stock 2027
Sovereign Bonds | -
3%₹116 Cr11,500,000
7.18% Govt Stock 2037
Sovereign Bonds | -
3%₹101 Cr10,158,050
L&T Metro Rail (Hyderabad) Limited
Debentures | -
2%₹82 Cr850
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 19 | ICICIBANK
2%₹73 Cr723,226
Yes Bank Limited
Debentures | -
2%₹63 Cr650
Prestige Estates Projects Limited
Debentures | -
2%₹59 Cr600
Dlf Cyber City Developers Ltd
Debentures | -
2%₹59 Cr600

2. ICICI Prudential Equity and Debt Fund

(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 CAGR/Annualized return of 15.5% since its launch.  Ranked 7 in Hybrid Equity category.  Return for 2023 was 28.2% , 2022 was 11.7% and 2021 was 41.7% .

Below is the key information for ICICI Prudential Equity and Debt Fund

ICICI Prudential Equity and Debt Fund
Growth
Launch Date 3 Nov 99
NAV (01 Mar 24) ₹333.36 ↑ 3.93   (1.19 %)
Net Assets (Cr) ₹31,196 on 31 Jan 24
Category Hybrid - Hybrid Equity
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 1.78
Sharpe Ratio 2.6
Information Ratio 2
Alpha Ratio 9.16
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.

DateValue
28 Feb 19₹10,000
29 Feb 20₹10,380
28 Feb 21₹13,615
28 Feb 22₹17,502
28 Feb 23₹18,941
29 Feb 24₹26,176

ICICI Prudential Equity and Debt Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹518,033.
Net Profit of ₹218,033
Invest Now

Returns for ICICI Prudential Equity and Debt Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 1 Mar 24

DurationReturns
1 Month 2.9%
3 Month 12.3%
6 Month 20.3%
1 Year 38.2%
3 Year 24.3%
5 Year 21.2%
10 Year
15 Year
Since launch 15.5%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Sankaran Naren7 Dec 158.16 Yr.
Manish Banthia19 Sep 1310.38 Yr.
Mittul Kalawadia29 Dec 203.09 Yr.
Akhil Kakkar22 Jan 240.03 Yr.
Sri Sharma30 Apr 212.76 Yr.
Sharmila D’mello31 Jul 221.51 Yr.

Data below for ICICI Prudential Equity and Debt Fund as on 31 Jan 24

Asset Allocation
Asset ClassValue
Cash9.42%
Equity73.85%
Debt16.73%
Equity Sector Allocation
SectorValue
Financial Services18.34%
Consumer Cyclical12.88%
Energy8.95%
Utility8.26%
Communication Services6.38%
Health Care4.62%
Technology4.33%
Industrials3.7%
Basic Materials3.26%
Real Estate1.69%
Consumer Defensive1.43%
Debt Sector Allocation
SectorValue
Government10.31%
Cash Equivalent9.36%
Corporate6.48%
Credit Quality
RatingValue
A4.66%
AA26.62%
AAA66.32%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
NTPC Ltd (Utilities)
Equity, Since 28 Feb 17 | NTPC
8%₹2,394 Cr76,932,803
↓ -2,700,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jul 12 | ICICIBANK
7%₹2,092 Cr20,991,832
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 16 | BHARTIARTL
6%₹1,710 Cr16,569,480
Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 22 | RELIANCE
4%₹1,314 Cr5,084,343
↑ 1,089,780
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Jul 21 | MARUTI
4%₹1,182 Cr1,147,441
↑ 113,241
Oil & Natural Gas Corp Ltd (Energy)
Equity, Since 30 Apr 17 | 500312
4%₹1,082 Cr52,757,301
↓ -7,280,350
Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 May 16 | SUNPHARMA
3%₹1,004 Cr7,973,496
↑ 950,388
Infosys Ltd (Technology)
Equity, Since 30 Jun 16 | INFY
3%₹896 Cr5,809,506
8.25% Govt Stock 2033
Sovereign Bonds | -
3%₹865 Cr85,279,550
↓ -10,000,000
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 21 | HDFCBANK
3%₹859 Cr5,027,371
↓ -264,000

3. ICICI Prudential Equity Arbitrage Fund

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 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% .

Below is the key information for ICICI Prudential Equity Arbitrage Fund

ICICI Prudential Equity Arbitrage Fund
Growth
Launch Date 30 Dec 06
NAV (01 Mar 24) ₹31.2545 ↑ 0.01   (0.04 %)
Net Assets (Cr) ₹16,307 on 31 Jan 24
Category Hybrid - Arbitrage
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk Moderate
Expense Ratio 0.97
Sharpe Ratio 1.43
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.

DateValue
28 Feb 19₹10,000
29 Feb 20₹10,639
28 Feb 21₹11,000
28 Feb 22₹11,464
28 Feb 23₹11,980
29 Feb 24₹12,875

ICICI Prudential Equity Arbitrage Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹349,120.
Net Profit of ₹49,120
Invest Now

Returns for ICICI Prudential Equity Arbitrage Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 1 Mar 24

DurationReturns
1 Month 0.6%
3 Month 2%
6 Month 3.7%
1 Year 7.5%
3 Year 5.4%
5 Year 5.2%
10 Year
15 Year
Since launch 6.9%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Kayzad Eghlim1 Feb 1113.01 Yr.
Rohan Maru29 Dec 203.09 Yr.
Nikhil Kabra29 Dec 203.09 Yr.
Sharmila D’mello31 Jul 221.5 Yr.

Data below for ICICI Prudential Equity Arbitrage Fund as on 31 Jan 24

Asset Allocation
Asset ClassValue
Cash97.71%
Debt2.87%
Other0.01%
Equity Sector Allocation
SectorValue
Financial Services20.45%
Basic Materials12.36%
Industrials8.29%
Energy8.25%
Health Care5.52%
Consumer Cyclical5.33%
Utility4.43%
Consumer Defensive4.11%
Technology3.5%
Communication Services3.22%
Real Estate0.97%
Debt Sector Allocation
SectorValue
Cash Equivalent91.9%
Corporate4.54%
Government4.13%
Securitized0%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Pru Savings Dir Gr
Investment Fund | -
5%₹806 Cr16,474,508
Future on HDFC Bank Ltd
Derivatives | -
4%-₹692 Cr4,026,550
↓ -915,200
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 21 | HDFCBANK
4%₹688 Cr4,026,550
↓ -915,200
Future on Reliance Industries Ltd
Derivatives | -
3%-₹530 Cr2,035,000
↑ 228,750
Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 18 | RELIANCE
3%₹526 Cr2,035,000
↑ 228,750
Future on ICICI Bank Ltd
Derivatives | -
2%-₹391 Cr3,885,000
↓ -849,800
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 19 | ICICIBANK
2%₹387 Cr3,885,000
↓ -849,800
Future on Adani Ports & Special Economic Zone Ltd
Derivatives | -
2%-₹309 Cr2,986,400
↑ 2,986,400
Adani Ports & Special Economic Zone Ltd (Industrials)
Equity, Since 31 Aug 19 | ADANIPORTS
2%₹306 Cr2,986,400
↑ 114,400
Future on Tata Motors Ltd
Derivatives | -
2%-₹303 Cr3,856,050
↑ 145,350

4. ICICI Prudential Multi-Asset Fund

(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 CAGR/Annualized return of 21.3% since its launch.  Ranked 53 in Multi Asset category.  Return for 2023 was 24.1% , 2022 was 16.8% and 2021 was 34.7% .

Below is the key information for ICICI Prudential Multi-Asset Fund

ICICI Prudential Multi-Asset Fund
Growth
Launch Date 31 Oct 02
NAV (29 Feb 24) ₹618.739 ↑ 1.45   (0.23 %)
Net Assets (Cr) ₹32,831 on 31 Jan 24
Category Hybrid - Multi Asset
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 1.83
Sharpe Ratio 2.51
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.

DateValue
28 Feb 19₹10,000
29 Feb 20₹10,174
28 Feb 21₹13,283
28 Feb 22₹16,770
28 Feb 23₹18,771
29 Feb 24₹24,536

ICICI Prudential Multi-Asset Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹493,520.
Net Profit of ₹193,520
Invest Now

Returns for ICICI Prudential Multi-Asset Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 1 Mar 24

DurationReturns
1 Month 1.7%
3 Month 7.9%
6 Month 14.9%
1 Year 30.7%
3 Year 22.7%
5 Year 19.7%
10 Year
15 Year
Since launch 21.3%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Sankaran Naren1 Feb 1212.01 Yr.
Manish Banthia22 Jan 240.03 Yr.
Ihab Dalwai3 Jun 176.67 Yr.
Akhil Kakkar22 Jan 240.03 Yr.
Sri Sharma30 Apr 212.76 Yr.
Gaurav Chikane2 Aug 212.5 Yr.
Sharmila D’mello31 Jul 221.5 Yr.

Data below for ICICI Prudential Multi-Asset Fund as on 31 Jan 24

Asset Allocation
Asset ClassValue
Cash22.91%
Equity67.31%
Debt7.4%
Other2.37%
Equity Sector Allocation
SectorValue
Financial Services19.76%
Energy7.78%
Consumer Cyclical7.04%
Utility6.76%
Health Care5.52%
Technology4.88%
Basic Materials4.83%
Industrials3.92%
Communication Services3.54%
Consumer Defensive2.41%
Real Estate0.88%
Debt Sector Allocation
SectorValue
Cash Equivalent22.87%
Corporate3.99%
Government3.46%
Credit Quality
RatingValue
A4.7%
AA8.47%
AAA82.23%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 06 | ICICIBANK
6%₹1,867 Cr18,738,381
↑ 504,000
NTPC Ltd (Utilities)
Equity, Since 31 Mar 17 | NTPC
6%₹1,745 Cr56,094,163
↓ -1,200,000
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Aug 21 | MARUTI
3%₹1,041 Cr1,010,351
↑ 85,850
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 22 | HDFCBANK
3%₹923 Cr5,399,109
↓ -880,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 20 | RELIANCE
3%₹916 Cr3,542,758
↑ 9,767
Infosys Ltd (Technology)
Equity, Since 31 Oct 19 | INFY
3%₹818 Cr5,302,222
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 16 | BHARTIARTL
3%₹809 Cr7,842,138
↑ 292,600
Oil & Natural Gas Corp Ltd (Energy)
Equity, Since 30 Jun 17 | 500312
3%₹794 Cr38,738,399
↓ -789,250
ICICI Pru Gold ETF
- | -
2%₹741 Cr134,474,055
↑ 33,440,000
SBI Cards and Payment Services Ltd Ordinary Shares (Financial Services)
Equity, Since 30 Nov 22 | SBICARD
2%₹710 Cr9,344,891
↑ 2,207,659

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Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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