ICICI Prudential Balanced Advantage Fund Growth - Latest NAV, Returns, Performance & Portfolio

ICICI Prudential Balanced Advantage

  • highlight10.9%
  • highlight0.18(0.51%)

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Min amount: 1000

Calculate Returns

Rs. 1,000 invested monthly becomes Rs. 8.62 Lakhs in a period of 20 years

Fund Summarystar

PeriodReturns(per year)
10 Years14%
5 Years10.9%
3 Years10.22%
1 Year5.29%
6 Months4.6%
Fund Details
ISININF109K01BH2
RiskModerately High risk
Fund TypeDynamic Asset Allocation
NAV35.22
Exit Load1% for 365 Days

More about this fundstar

Top HoldingsWeightage
Nifty 50 Index7.02%
Housing Development Finance Corp Ltd4.18%
HDFC Bank Ltd3.67%
Infosys Ltd3.24%
Kotak Mahindra Bank Ltd3.03%
Axis Bank Ltd2.79%
ITC Ltd2.47%
Hdfc Ltd.2.21%
Reliance Industries Ltd2.2%
Larsen & Toubro Ltd2.16%

About ICICI Prudential Balanced Advantage Fund

ICICI Prudential Balanced Advantage Fund is an open ended equity oriented scheme that aims to generate reasonable returns by investing in a blend of large and mid-caps stocks and using derivatives to hedge the downside risk of the portfolio. The fund also aims at investing a portion of its assets in fixed income securities issued by the government, public sector undertakings, and private companies with an aim to generate accrual income and potential capital appreciation.

Pros & Cons of ICICI Prudential Balanced Advantage Fund

ICICI Prudential Balanced Advantage Fund offers the following benefits: 1. This scheme provides a convenience of diversification in form of a single docket of mutual fund. An investor thus need not go through the hassle of analyzing and selecting a bouquet of funds. 2. A calculated combination of debt and equity components makes the funds less vulnerable to market volatility. The equity components of the fund are aimed at generating capital appreciation and their debt components serve as securities to shield the investment from unforeseen market corrections. 3. It seeks to provide investors an opportunity to benefit out of market volatility.

Certain drawbacks of ICICI Prudential Balanced Advantage Fund 1. While it might seem that ICICI Prudential Balanced Advantage Fund is virtually risk free, it is not entirely the case. Balanced funds have their own share of risk. While in case of a direct investment across a number of stocks and debt instruments, one can relocate the resources among different funds as diversification for tax planning or wealth creation.

Fund Information and Statistics of ICICI Prudential Balanced Advantage Fund

i) Inception / Launch date

ICICI Prudential Balanced Advantage Fund was launched on Dec 30, 2006 by ICICI Mutual Fund AMC.

ii) Risk level

Being an open ended large and mid-cap, this fund is a moderately high risk bet and suitable for investors who have a long-term investment horizon of more than 5 years.

iii) Redemption

Redemption of Units will be done by a repurchase/buyback by the fund house. Under normal circumstances, your fund house will dispatch the redemption proceeds within 10 business days from date of receipt of request.

iv) Fund Manager

The fund is managed by different fund managers. The equity portion is managed by Mr. Sankaran Naren, Mr. Rajat Chandak, Mr. Ihab Dalwai and Mr. Dharmesh Kakkad. The Debt portion is managed by Mr. Manish Banthia and overseas portion is managed by Ms. Priyanka Khandelwal.

v) Entry / Exit load

Upto 15% of units within 18 months from the date of allotmentNil
More than 15% of units within 18 months from the date of allotment1% of applicable NAV
After 18 months from the date of allotmentNil w.e.f 10th November 2016

Tax benefits of investing in the fund

Long term capital gains tax applies to returns on this fund. A capital gain registered during a period of less than 1 year is defined as Short-term Capital Gain (STCG). A capital gain registered over a period of more than 1 year is defined as Long-term Capital Gains (LTCG). STCG are taxed at the rate of 15%. Long term capital gains in excess of Rs 1 lakh are taxed at the rate of 10% without the benefit of indexation.

About ICICI Mutual Fund

ICICI Prudential Balanced Advantage Fund is managed by ICICI Mutual Fund AMC, one of India’s largest Fund houses with a proven track record of delivering returns. The fund has been on the forefront of financial innovation leading to a well-diversified portfolio of around 47 mutual fund products, across equity and debt.

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Frequently Asked Questions

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Start your investment

Min amount: 1000

Calculate Returns

Rs. 1,000 invested monthly becomes Rs. 8.62 Lakhs in a period of 20 years
Need help?
Moderately High risk

All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,

  • High Risk = High possible returns
  • Low Risk = Stable, relatively lower returns