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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 November 7, 2024 , 6345 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 ₹71.7785
↓ -0.07
₹3,2541.66.414.38.99.911.4
ICICI Prudential Equity and Debt Fund Growth ₹370.04
↓ -1.64
₹41,3960.58.430.718.422.128.2
ICICI Prudential Equity Arbitrage Fund Growth ₹32.8819
↑ 0.03
₹23,9581.83.87.66.25.37.1
ICICI Prudential Equity Savings Fund Growth ₹21.48
↑ 0.01
₹12,1681.85.810.38.58.29.9
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 8 Nov 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% 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 (08 Nov 24) ₹71.7785 ↓ -0.07   (-0.10 %)
Net Assets (Cr) ₹3,254 on 15 Oct 24
Category Hybrid - Hybrid Debt
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 1.74
Sharpe Ratio 3.25
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
31 Oct 19₹10,000
31 Oct 20₹10,793
31 Oct 21₹12,359
31 Oct 22₹12,929
31 Oct 23₹13,957
31 Oct 24₹16,055

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 8 Nov 24

DurationReturns
1 Month -0.2%
3 Month 1.6%
6 Month 6.4%
1 Year 14.3%
3 Year 8.9%
5 Year 9.9%
10 Year
15 Year
Since launch 10%
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 1311.04 Yr.
Akhil Kakkar22 Jan 240.69 Yr.
Roshan Chutkey2 May 222.42 Yr.
Sharmila D’mello31 Jul 222.17 Yr.

Data below for ICICI Prudential MIP 25 as on 15 Oct 24

Asset Allocation
Asset ClassValue
Cash16.54%
Equity21.69%
Debt61.5%
Other0.26%
Equity Sector Allocation
SectorValue
Financial Services7.82%
Health Care4.75%
Consumer Cyclical3.29%
Communication Services1.42%
Basic Materials1.37%
Consumer Defensive1.25%
Utility0.75%
Technology0.59%
Industrials0.44%
Debt Sector Allocation
SectorValue
Corporate44.67%
Government24.34%
Cash Equivalent7.52%
Securitized1.51%
Credit Quality
RatingValue
A10.09%
AA39.28%
AAA50.63%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
8% Govt Stock 2034
Sovereign Bonds | -
10%₹337 Cr33,404,750
07.18 Goi 14082033
Sovereign Bonds | -
8%₹265 Cr25,815,500
7.38% Govt Stock 2027
Sovereign Bonds | -
4%₹117 Cr11,500,000
L&T Metro Rail (Hyderabad) Limited
Debentures | -
3%₹83 Cr850
360 One Prime Limited
Debentures | -
2%₹75 Cr7,500
JM Financial Products Limited
Debentures | -
2%₹70 Cr700
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 19 | ICICIBANK
2%₹68 Cr536,823
Yes Bank Limited
Debentures | -
2%₹63 Cr650
Prestige Estates Projects Limited
Debentures | -
2%₹60 Cr600
7.26% Govt Stock 2033
Sovereign Bonds | -
2%₹56 Cr5,463,150

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 (08 Nov 24) ₹370.04 ↓ -1.64   (-0.44 %)
Net Assets (Cr) ₹41,396 on 30 Sep 24
Category Hybrid - Hybrid Equity
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 1.78
Sharpe Ratio 3.41
Information Ratio 2.09
Alpha Ratio 7.75
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
31 Oct 19₹10,000
31 Oct 20₹9,198
31 Oct 21₹15,945
31 Oct 22₹17,634
31 Oct 23₹20,357
31 Oct 24₹27,284

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 8 Nov 24

DurationReturns
1 Month -2.7%
3 Month 0.5%
6 Month 8.4%
1 Year 30.7%
3 Year 18.4%
5 Year 22.1%
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 158.82 Yr.
Manish Banthia19 Sep 1311.04 Yr.
Mittul Kalawadia29 Dec 203.76 Yr.
Akhil Kakkar22 Jan 240.69 Yr.
Sri Sharma30 Apr 213.42 Yr.
Sharmila D’mello31 Jul 222.17 Yr.

Data below for ICICI Prudential Equity and Debt Fund as on 30 Sep 24

Asset Allocation
Asset ClassValue
Cash16.21%
Equity68.06%
Debt14.99%
Equity Sector Allocation
SectorValue
Financial Services18.98%
Consumer Cyclical11.57%
Utility6.93%
Energy6.16%
Health Care6.01%
Communication Services4.82%
Industrials4.72%
Technology2.86%
Consumer Defensive2.61%
Basic Materials1.94%
Real Estate1.51%
Debt Sector Allocation
SectorValue
Corporate12.9%
Cash Equivalent12.03%
Government7%
Credit Quality
RatingValue
A3.78%
AA30.35%
AAA65.87%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
NTPC Ltd (Utilities)
Equity, Since 28 Feb 17 | 532555
7%₹2,784 Cr62,807,600
↓ -6,361,500
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jul 12 | ICICIBANK
6%₹2,492 Cr19,579,632
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 21 | HDFCBANK
5%₹2,213 Cr12,775,772
↓ -394,900
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Jul 21 | MARUTI
5%₹2,089 Cr1,578,091
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 16 | BHARTIARTL
4%₹1,679 Cr9,820,680
↓ -303,525
Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 May 16 | SUNPHARMA
4%₹1,650 Cr8,561,834
↓ -482,300
Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 22 | RELIANCE
3%₹1,185 Cr4,014,343
Oil & Natural Gas Corp Ltd (Energy)
Equity, Since 30 Apr 17 | 500312
3%₹1,133 Cr38,077,802
↑ 3,600,301
TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 28 Feb 18 | 532343
3%₹1,091 Cr3,840,285
Govt Stock 22092033
Sovereign Bonds | -
2%₹829 Cr80,746,220

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 (08 Nov 24) ₹32.8819 ↑ 0.03   (0.09 %)
Net Assets (Cr) ₹23,958 on 30 Sep 24
Category Hybrid - Arbitrage
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk Moderate
Expense Ratio 0.97
Sharpe Ratio 0.76
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
31 Oct 19₹10,000
31 Oct 20₹10,443
31 Oct 21₹10,832
31 Oct 22₹11,233
31 Oct 23₹12,038
31 Oct 24₹12,936

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 8 Nov 24

DurationReturns
1 Month 0.8%
3 Month 1.8%
6 Month 3.8%
1 Year 7.6%
3 Year 6.2%
5 Year 5.3%
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
Nikhil Kabra29 Dec 203.76 Yr.
Sharmila D’mello31 Jul 222.17 Yr.
Darshil Dedhia13 Sep 240.05 Yr.
Ajaykumar Solanki23 Aug 240.1 Yr.
Archana Nair1 Feb 240.66 Yr.

Data below for ICICI Prudential Equity Arbitrage Fund as on 30 Sep 24

Asset Allocation
Asset ClassValue
Cash93.57%
Debt6.92%
Other0.03%
Equity Sector Allocation
SectorValue
Financial Services20.81%
Industrials11.63%
Basic Materials8.71%
Energy7.13%
Consumer Cyclical6.27%
Technology5.52%
Communication Services3.78%
Health Care3.34%
Consumer Defensive3.32%
Utility2.66%
Real Estate1.72%
Debt Sector Allocation
SectorValue
Cash Equivalent83.67%
Corporate15.09%
Government1.72%
Securitized0%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Pru Money Market Dir Gr
Investment Fund | -
11%₹2,634 Cr72,657,622
Future on HDFC Bank Ltd
Derivatives | -
5%-₹1,257 Cr7,199,500
↑ 7,199,500
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 21 | HDFCBANK
5%₹1,247 Cr7,199,500
↓ -168,850
ICICI Pru Savings Dir Gr
Investment Fund | -
4%₹855 Cr16,474,508
Future on Tata Motors Ltd
Derivatives | -
3%-₹742 Cr7,549,850
↑ 7,549,850
Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 Jan 23 | TATAMOTORS
3%₹736 Cr7,549,850
Future on Tata Consultancy Services Ltd
Derivatives | -
3%-₹606 Cr1,412,250
↑ 1,412,250
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Oct 20 | TCS
3%₹603 Cr1,412,250
↑ 58,100
Future on Kotak Mahindra Bank Ltd
Derivatives | -
2%-₹592 Cr3,165,200
↑ 3,165,200
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Jun 23 | KOTAKBANK
2%₹587 Cr3,165,200
↑ 7,200

4. ICICI Prudential Equity Savings Fund

(Erstwhile ICICI Prudential Equity Income Fund)

The Scheme seeks to generate regular income through investments in fixed income securities and using arbitrage and other derivative strategies. The Scheme also intends to generate long-term capital appreciation by investing a portion of the Scheme?s assets in equity and equity related instruments

ICICI Prudential Equity Savings Fund is a Hybrid - Equity Savings fund was launched on 5 Dec 14. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 8% since its launch.  Return for 2023 was 9.9% , 2022 was 7.1% and 2021 was 9.5% .

Below is the key information for ICICI Prudential Equity Savings Fund

ICICI Prudential Equity Savings Fund
Growth
Launch Date 5 Dec 14
NAV (08 Nov 24) ₹21.48 ↑ 0.01   (0.05 %)
Net Assets (Cr) ₹12,168 on 30 Sep 24
Category Hybrid - Equity Savings
AMC ICICI Prudential Asset Management Company Limited
Rating Not Rated
Risk Moderately High
Expense Ratio 1
Sharpe Ratio 1.92
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
31 Oct 19₹10,000
31 Oct 20₹9,958
31 Oct 21₹11,606
31 Oct 22₹12,346
31 Oct 23₹13,398
31 Oct 24₹14,837

ICICI Prudential Equity Savings Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹376,357.
Net Profit of ₹76,357
Invest Now

Returns for ICICI Prudential Equity Savings Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 8 Nov 24

DurationReturns
1 Month 0%
3 Month 1.8%
6 Month 5.8%
1 Year 10.3%
3 Year 8.5%
5 Year 8.2%
10 Year
15 Year
Since launch 8%
Historical performance (Yearly) on absolute basis
YearReturns
2023 9.9%
2022 7.1%
2021 9.5%
2020 4.8%
2019 10.4%
2018 3.4%
2017 10.9%
2016 11.4%
2015 4%
2014
Fund Manager information for ICICI Prudential Equity Savings Fund
NameSinceTenure
Manish Banthia5 Dec 149.83 Yr.
Ritesh Lunawat29 Dec 203.76 Yr.
Dharmesh Kakkad23 Feb 213.6 Yr.
Sri Sharma30 Apr 213.42 Yr.
Sharmila D’mello31 Jul 222.17 Yr.
Ajaykumar Solanki23 Aug 240.1 Yr.
Archana Nair1 Feb 240.66 Yr.

Data below for ICICI Prudential Equity Savings Fund as on 30 Sep 24

Asset Allocation
Asset ClassValue
Cash73.62%
Equity17.83%
Debt8.54%
Other0.02%
Equity Sector Allocation
SectorValue
Financial Services17.6%
Consumer Cyclical9.19%
Consumer Defensive8.95%
Energy8.89%
Technology7.67%
Health Care7.64%
Basic Materials6.61%
Utility4.97%
Industrials4.14%
Communication Services2.4%
Real Estate1.52%
Debt Sector Allocation
SectorValue
Cash Equivalent69.54%
Corporate6.92%
Government5.7%
Credit Quality
RatingValue
AA19.84%
AAA80.16%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Pru Money Market Dir Gr
Investment Fund | -
8%₹993 Cr27,397,169
↑ 2,760,709
Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 16 | RELIANCE
6%₹782 Cr2,646,890
↑ 1,356,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 21 | HDFCBANK
6%₹686 Cr3,963,358
↓ -155,650
ITC Ltd (Consumer Defensive)
Equity, Since 31 Aug 23 | ITC
5%₹562 Cr10,855,285
↑ 1,877,685
Future on HDFC Bank Ltd
Derivatives | -
5%-₹562 Cr3,218,600
↑ 435,600
Future on Reliance Industries Ltd
Derivatives | -
5%-₹550 Cr1,846,750
↑ 994,750
Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 30 Apr 15 | SUNPHARMA
4%₹544 Cr2,821,993
↑ 1,050
Future on Sun Pharmaceuticals Industries Ltd
Derivatives | -
4%-₹456 Cr2,347,100
↓ -156,450
Future on Tata Motors Ltd
Derivatives | -
4%-₹450 Cr4,585,350
Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 Aug 24 | TATAMOTORS
4%₹447 Cr4,588,847

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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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