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ICICI Prudential Balanced Advantage Fund

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ICICI Prudential Balanced Advantage Fund

Updated on January 21, 2020 , 24 views

ICICI Prudential Balanced Advantage Fund is an open-ended Balanced Fund. This balanced fund scheme is equity-oriented and is managed by ICICI Prudential Mutual Fund. This scheme was launched on December 30, 2016. The objective of ICICI Prudential Balanced Advantage Fund is to attain growth along with maintaining a safety with respect to risk measures. It invests its corpus money in both equity and fixed income instruments. The scheme is suitable for individuals who are looking for long-term wealth creation along with the Investing in equity and fixed income schemes. As on March 31, 2018, some of the top holdings in ICICI Prudential Balanced Fund’s portfolio consisted of HDFC Bank Limited, Hindustan Unilever Limited, Infosys Limited, Tech Mahindra Limited, and Motherson Sumi Systems Limited. ICICI Prudential Balanced Advantage Fund uses CRISIL 35+65-Aggressive Index as its primary benchmark to construct its portfolio. In addition, it also uses Nifty 50 Index as the additional benchmark.

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Scheme Details

Scheme Highlights

  • Invests in both equity and debt
  • Avail the Systematic Withdrawal Plan for regular cash flows#
  • #Systematic Withdrawal Plan (SWP) feature will allow investors to redeem a fixed sum of money periodically at the prevailing Net Asset Value (NAV) depending on the option chosen by the investor. For more details, visit our website.

Why Invest?

  • Benefit from an in-house Asset Allocation model that aims to buy low & sell high
  • Aim to gain from market volatility over the long term

Scheme Features

Type of Scheme Open-Ended Equity Fund
Plans ICICI Prudential Balanced Advantage Fund and ICICI Prudential Balanced Advantage Fund - Direct; Options: Growth & Dividend
Minimum Application Amount Rs. 5,000 (plus in multiples of Re.1)
Minimum Additional Investment Rs. 1,000 (plus in multiples of Re.1)
Minimum Redemption Amount 500/- or all units where amount is below 500/-
Fund Manager Equity: Sankaren Naren has been managing this fund since July 2017 and has 26 years of experience. Rajat Chandak has been managing this fund since September 2015 and has 8 years of experience. Ihab Dalwai has been managing this fund since January 2018 and has 5 years of experience. Debt: Manish Banthia has been managing this fund since November 2009 and has 13 years of experience.*
Entry Load Not Applicable

Exit Load

Exit Load
Upto 15% of units within 18 months from the date of allotment Nil
More than 15% of units within 18 months from the date of allotment 1% of applicable NAV
After 18 months from the date of allotment Nil w.e.f 10th November 2016

ICICI Prudential Balanced Advantage Fund: Fund Performance

ICICI Prudential Balanced Advantage Fund
Growth
NAV ₹38.38 ↑ 0.15   (0.39 %)
Net Assets (Cr)₹28,528
AMC ICICI Prudential Asset Management Company Limited
Category Hybrid
Launch Date 30 Dec 06
Rating
RiskModerately High
Min SIP Investment 100
3 MO (%)4
6 MO (%)8
1 YR (%)12.5
3 YR (%)10.2
5 YR (%)8.8
2018 (%)10.8
2017 (%)2.4
2016 (%)19

Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 23 Jan 20

ICICI Prudential Balanced Advantage Fund- Suitability

ICICI Prudential Balanced Advantage Fund is suitable for individuals seeking for:

  • Wealth creation option in long-term tenure
  • An equity fund whose objective is growth by investing in equity and derivatives

    Plan Options

    Fund and PlanNAV6 Month1 Year3 Year5 YearAction
    ICICI Prudential Balanced Advantage Fund
    Normal Dividend, Reinvestment
    ₹15.46
    ↑ 0.06
    6.47 %10.9 %9.44 %7.99 %
    ICICI Prudential Balanced Advantage Fund
    Normal Dividend, Payout
    ₹15.46
    ↑ 0.06
    6.47 %10.9 %9.44 %7.99 %
    ICICI Prudential Balanced Advantage Fund
    Growth
    ₹38.38
    ↑ 0.15
    8.02 %12.52 %10.19 %8.83 %
    ICICI Prudential Balanced Advantage Fund
    Monthly Dividend, Reinvestment
    ₹14.82
    ↑ 0.05
    7.18 %11.19 %9.48 %8.29 %
    ICICI Prudential Balanced Advantage Fund
    Monthly Dividend, Payout
    ₹14.82
    ↑ 0.05
    7.18 %11.19 %9.48 %8.29 %
    Data as on 23 Jan 20
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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