fincash logo SOLUTIONS
EXPLORE FUNDS
CALCULATORS
fincash number+91-22-48913909
Top 4 Best Balanced Funds by ICICI Prudential Mutual Fund 2024

Fincash » ICICI Mutual Fund » Balanced Funds

Top 4 Best Balanced Funds by ICICI Prudential Mutual Fund 2024

Updated on July 13, 2024 , 6207 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.

Ready to Invest?
Talk to our investment specialist
Disclaimer:
By submitting this form I authorize Fincash.com to call/SMS/email me about its products and I accept the terms of Privacy Policy and Terms & Conditions.

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 ₹70.0308
↑ 0.11
₹3,3384.47.514.2101011.4
ICICI Prudential Equity and Debt Fund Growth ₹368.19
↑ 1.73
₹35,1228.816.239.224.722.328.2
ICICI Prudential Equity Arbitrage Fund Growth ₹32.1322
↓ -0.02
₹20,8941.73.87.75.75.27.1
ICICI Prudential Multi-Asset Fund Growth ₹694.243
↑ 0.90
₹41,1606.615.533.42420.924.1
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 15 Jul 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 10.1% 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 (15 Jul 24) ₹70.0308 ↑ 0.11   (0.16 %)
Net Assets (Cr) ₹3,338 on 31 May 24
Category Hybrid - Hybrid Debt
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 1.74
Sharpe Ratio 2.57
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
30 Jun 19₹10,000
30 Jun 20₹10,542
30 Jun 21₹12,108
30 Jun 22₹12,733
30 Jun 23₹14,081
30 Jun 24₹16,030

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 ₹395,578.
Net Profit of ₹95,578
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 15 Jul 24

DurationReturns
1 Month 1.5%
3 Month 4.4%
6 Month 7.5%
1 Year 14.2%
3 Year 10%
5 Year 10%
10 Year
15 Year
Since launch 10.1%
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 1310.71 Yr.
Akhil Kakkar22 Jan 240.36 Yr.
Roshan Chutkey2 May 222.08 Yr.
Sharmila D’mello31 Jul 221.84 Yr.

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

Asset Allocation
Asset ClassValue
Cash17.88%
Equity23.21%
Debt58.66%
Other0.26%
Equity Sector Allocation
SectorValue
Financial Services8.21%
Health Care3.87%
Consumer Cyclical3.55%
Consumer Defensive2.1%
Communication Services1.94%
Basic Materials1.28%
Utility0.84%
Industrials0.78%
Technology0.46%
Energy0.17%
Debt Sector Allocation
SectorValue
Corporate33.05%
Government26.57%
Cash Equivalent15.51%
Securitized1.4%
Credit Quality
RatingValue
A7.45%
AA31.26%
AAA61.29%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
8% Govt Stock 2034
Sovereign Bonds | -
11%₹359 Cr35,904,750
7.18% Govt Stock 2033
Sovereign Bonds | -
6%₹210 Cr20,846,850
↓ -40,000,000
182 DTB 22082024
Sovereign Bonds | -
5%₹158 Cr16,000,000
↑ 16,000,000
7.26% Govt Stock 2033
Sovereign Bonds | -
5%₹156 Cr15,431,800
7.38% Govt Stock 2027
Sovereign Bonds | -
3%₹116 Cr11,500,000
182 DTB 29082024
Sovereign Bonds | -
3%₹89 Cr9,000,000
↑ 9,000,000
L&T Metro Rail (Hyderabad) Limited
Debentures | -
2%₹83 Cr850
91 DTB 25072024
Sovereign Bonds | -
2%₹65 Cr6,500,000
↑ 6,500,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 24 | HDFCBANK
2%₹64 Cr397,858
↑ 60,700
Yes Bank Limited
Debentures | -
2%₹63 Cr650

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 15.7% 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 (15 Jul 24) ₹368.19 ↑ 1.73   (0.47 %)
Net Assets (Cr) ₹35,122 on 31 May 24
Category Hybrid - Hybrid Equity
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 1.78
Sharpe Ratio 3.13
Information Ratio 2.11
Alpha Ratio 10.58
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
30 Jun 19₹10,000
30 Jun 20₹8,994
30 Jun 21₹13,597
30 Jun 22₹15,664
30 Jun 23₹18,994
30 Jun 24₹26,177

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 ₹530,691.
Net Profit of ₹230,691
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 15 Jul 24

DurationReturns
1 Month 3.8%
3 Month 8.8%
6 Month 16.2%
1 Year 39.2%
3 Year 24.7%
5 Year 22.3%
10 Year
15 Year
Since launch 15.7%
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 158.49 Yr.
Manish Banthia19 Sep 1310.71 Yr.
Mittul Kalawadia29 Dec 203.42 Yr.
Akhil Kakkar22 Jan 240.36 Yr.
Sri Sharma30 Apr 213.09 Yr.
Sharmila D’mello31 Jul 221.84 Yr.

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

Asset Allocation
Asset ClassValue
Cash5.81%
Equity74.83%
Debt19.36%
Equity Sector Allocation
SectorValue
Financial Services20.33%
Consumer Cyclical11.45%
Utility7.22%
Energy7.18%
Health Care6.19%
Communication Services5.3%
Industrials4.86%
Technology4%
Consumer Defensive3.66%
Basic Materials3.3%
Real Estate1.52%
Debt Sector Allocation
SectorValue
Government12.17%
Corporate7.48%
Cash Equivalent5.53%
Credit Quality
RatingValue
A3.84%
AA29.15%
AAA65.24%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
NTPC Ltd (Utilities)
Equity, Since 28 Feb 17 | 532555
7%₹2,537 Cr70,672,100
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jul 12 | ICICIBANK
7%₹2,416 Cr21,550,832
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 16 | BHARTIARTL
5%₹1,617 Cr11,781,005
↓ -619,875
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 21 | HDFCBANK
5%₹1,603 Cr10,466,177
↑ 1,349,792
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Jul 21 | MARUTI
5%₹1,587 Cr1,280,135
7.18% Govt Stock 2033
Sovereign Bonds | -
4%₹1,569 Cr155,483,160
↓ -14,000,000
Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 May 16 | SUNPHARMA
4%₹1,480 Cr10,139,925
↑ 1,733,511
Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 22 | RELIANCE
4%₹1,276 Cr4,459,343
8.34% Govt Stock 2033
Sovereign Bonds | -
3%₹1,001 Cr98,246,220
↑ 7,500,000
Oil & Natural Gas Corp Ltd (Energy)
Equity, Since 30 Apr 17 | 500312
3%₹997 Cr37,719,201

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 (15 Jul 24) ₹32.1322 ↓ -0.02   (-0.06 %)
Net Assets (Cr) ₹20,894 on 31 May 24
Category Hybrid - Arbitrage
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk Moderate
Expense Ratio 0.97
Sharpe Ratio 1.32
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
30 Jun 19₹10,000
30 Jun 20₹10,567
30 Jun 21₹10,940
30 Jun 22₹11,330
30 Jun 23₹11,994
30 Jun 24₹12,910

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 15 Jul 24

DurationReturns
1 Month 0.5%
3 Month 1.7%
6 Month 3.8%
1 Year 7.7%
3 Year 5.7%
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
Rohan Maru29 Dec 203.42 Yr.
Nikhil Kabra29 Dec 203.42 Yr.
Sharmila D’mello31 Jul 221.84 Yr.
Archana Nair1 Feb 240.33 Yr.
Kaivalya Nadkarni1 Feb 240.33 Yr.

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

Asset Allocation
Asset ClassValue
Cash89.21%
Debt11.24%
Other0.02%
Equity Sector Allocation
SectorValue
Financial Services24.76%
Industrials11.4%
Basic Materials10.48%
Energy7.69%
Utility4.39%
Technology4.18%
Consumer Cyclical4.06%
Communication Services3.81%
Consumer Defensive3.6%
Health Care3.17%
Real Estate0.89%
Debt Sector Allocation
SectorValue
Cash Equivalent84.78%
Corporate10.67%
Government5%
Securitized0%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Future on HDFC Bank Ltd
Derivatives | -
8%-₹1,578 Cr10,245,400
↑ 1,544,950
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 21 | HDFCBANK
8%₹1,569 Cr10,245,400
↑ 1,544,950
ICICI Pru Money Market Dir Gr
Investment Fund | -
7%₹1,530 Cr43,277,968
ICICI Pru Savings Dir Gr
Investment Fund | -
4%₹833 Cr16,474,508
Future on Kotak Mahindra Bank Ltd
Derivatives | -
3%-₹572 Cr3,374,400
↓ -328,000
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Jun 23 | KOTAKBANK
3%₹567 Cr3,374,400
↓ -328,000
Future on Adani Enterprises Ltd
Derivatives | -
3%-₹541 Cr1,577,700
↑ 60,900
Adani Enterprises Ltd (Energy)
Equity, Since 31 May 23 | 512599
3%₹538 Cr1,577,700
↑ 60,900
Future on Adani Ports & Special Economic Zone Ltd
Derivatives | -
3%-₹530 Cr3,676,000
↑ 139,200
Adani Ports & Special Economic Zone Ltd (Industrials)
Equity, Since 31 Aug 19 | ADANIPORTS
3%₹528 Cr3,676,000
↑ 139,200

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 21.6% 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 (12 Jul 24) ₹694.243 ↑ 0.90   (0.13 %)
Net Assets (Cr) ₹41,160 on 31 May 24
Category Hybrid - Multi Asset
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 1.83
Sharpe Ratio 3.3
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
30 Jun 19₹10,000
30 Jun 20₹9,204
30 Jun 21₹13,202
30 Jun 22₹15,367
30 Jun 23₹18,773
30 Jun 24₹24,851

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 ₹505,644.
Net Profit of ₹205,644
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 15 Jul 24

DurationReturns
1 Month 3.1%
3 Month 6.6%
6 Month 15.5%
1 Year 33.4%
3 Year 24%
5 Year 20.9%
10 Year
15 Year
Since launch 21.6%
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 1212.34 Yr.
Manish Banthia22 Jan 240.36 Yr.
Ihab Dalwai3 Jun 177 Yr.
Akhil Kakkar22 Jan 240.36 Yr.
Sri Sharma30 Apr 213.09 Yr.
Gaurav Chikane2 Aug 212.83 Yr.
Sharmila D’mello31 Jul 221.84 Yr.

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

Asset Allocation
Asset ClassValue
Cash18.22%
Equity67.49%
Debt9.64%
Other4.65%
Equity Sector Allocation
SectorValue
Financial Services20.78%
Consumer Cyclical7.34%
Energy6.73%
Basic Materials5.49%
Utility5.16%
Consumer Defensive4.87%
Health Care4.76%
Technology4.61%
Industrials4.49%
Communication Services2.37%
Real Estate0.95%
Debt Sector Allocation
SectorValue
Cash Equivalent17.42%
Government5.99%
Corporate4.44%
Credit Quality
RatingValue
A2.63%
AA15.39%
AAA79.62%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 22 | HDFCBANK
5%₹2,101 Cr13,716,687
↑ 704,950
ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 06 | ICICIBANK
5%₹2,023 Cr18,049,200
↑ 250,000
NTPC Ltd (Utilities)
Equity, Since 31 Mar 17 | 532555
4%₹1,724 Cr48,022,663
↑ 691,500
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Aug 21 | MARUTI
3%₹1,380 Cr1,112,935
↑ 45,776
Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 20 | RELIANCE
3%₹1,226 Cr4,285,376
↑ 167,500
7.18% Govt Stock 2033
Sovereign Bonds | -
3%₹1,160 Cr115,005,600
↓ -7,500,000
ICICI Prudential Silver ETF
- | -
3%₹1,127 Cr119,871,983
SBI Cards and Payment Services Ltd Ordinary Shares (Financial Services)
Equity, Since 30 Nov 22 | SBICARD
2%₹972 Cr14,038,556
↑ 224,800
Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 30 Sep 16 | SUNPHARMA
2%₹926 Cr6,345,946
↑ 840,469
Infosys Ltd (Technology)
Equity, Since 31 Oct 19 | INFY
2%₹921 Cr6,546,714
↑ 950,000

How to Invest in ICICI Mutual Fund Online?

  1. Open Free Investment Account for Lifetime at Fincash.com.

  2. Complete your Registration and KYC Process

  3. Upload Documents (PAN, Aadhaar, etc.). And, You are Ready to Invest!

    Get Started

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.
How helpful was this page ?
Rated 5, based on 2 reviews.
POST A COMMENT