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3 Year return

13.6%
Launched on January 2013 (12 years)

Investment Details

₹100

Minimum SIP Amount

₹500

Minimum one time investment

Fund has no lock-in period

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Risk Involved

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Your principal will be at

High Risk

Scheme Information

Asset Under Management

₹56709.02 Cr.

Expense Ratio

0.86% (inclusive of GST)

Exit Load

IF units purchased or switched in from another scheme of the Fund are redeemed or switched out up to 30% of the units (the limit) purchased or switched within 1 year from the date of allotment - Nil 1.00% - If units purchased or switched in from another scheme of the Fund are redeemed or switched out in excess of the limit within 1 year from the date of allotment. Nil - If units purchased or switched in from another scheme of the Fund are redeemed or switched out after 1 year from the date of allotment.

Ratings

ARQ Rating
5

Ratings by other agencies

4
0
4

Tax Implications

Withdrawal within 1 year

Exit load + 15% tax on gains

Withdrawal after 1 year

10% tax on gains over ₹1 Lakh per financial year

Fund Holdings

Holdings
Top Holdings% of Asset
ICICI Bank Ltd4.99%
TVS Motor Company Ltd4.52%
HDFC Bank Ltd3.90%
Infosys Ltd3.06%
Embassy Office Parks REIT2.49%
Others81.04%
Other Holdings% of Asset
Larsen & Toubro Ltd2.31%
Avenue Supermarts Ltd2.20%
Bharti Airtel Ltd1.89%
Hindustan Unilever Ltd1.58%
Sun Pharmaceutical Industries Ltd1.39%
Bajaj Finance Ltd1.35%
Axis Bank Ltd1.33%
Eternal Ltd1.31%
Tata Consultancy Services Ltd1.30%
UltraTech Cement Ltd1.22%
Hindalco Industries Ltd1.08%
Interglobe Aviation Ltd1.05%
Britannia Industries Ltd0.98%
Titan Company Ltd0.93%
Mahindra & Mahindra Ltd0.84%
P I Industries Ltd0.80%
Tata Steel Ltd0.78%
Samvardhana Motherson International Ltd0.77%
Muthoot Finance Ltd0.58%
Container Corporation Of India Ltd0.49%
Mankind Pharma Ltd0.48%
SBI Life Insurance Company Ltd0.45%
Cholamandalam Investment & Finance Company Ltd0.44%
Motherson Sumi Wiring India Ltd0.40%
LIC Housing Finance Ltd0.40%
United Breweries Ltd0.38%
Cipla Ltd0.37%
Eicher Motors Ltd0.36%
Cummins India Ltd0.36%
SBI Cards & Payment Services Ltd0.34%
Power Grid Corporation of India Ltd0.33%
Ipca Laboratories Ltd0.33%
Yes Bank Ltd0.33%
Ambuja Cements Ltd0.30%
Embassy Office Parks REIT0.30%
ICICI Lombard General Insurance Company Ltd0.29%
GAIL (India) Ltd0.29%
360 ONE WAM Ltd0.28%
Lupin Ltd0.28%
Voltas Ltd0.27%
Muthoot Finance Ltd0.26%
Kalpataru Projects International Ltd0.26%
Ashok Leyland Ltd0.26%
Hindustan Petroleum Corporation Ltd0.26%
Indian Hotels Co Ltd0.25%
Grasim Industries Ltd0.24%
Bharat Petroleum Corporation Ltd0.23%
Pidilite Industries Ltd0.22%
Muthoot Finance Ltd0.22%
FSN E-Commerce Ventures Ltd0.21%
Manappuram Finance Ltd0.18%
IndusInd Bank Ltd0.18%
SBFC Finance Ltd0.18%
Manappuram Finance Ltd0.18%
Dr Reddys Laboratories Ltd0.17%
Atul Ltd0.17%
Federal Bank Ltd0.17%
Prestige Estates Projects Ltd0.16%
Cholamandalam Investment & Finance Company Ltd0.15%
Altius Telecom Infrastructure Trust0.15%
Marico Ltd0.14%
Torrent Power Ltd0.13%
Great Eastern Shipping Company Ltd0.13%
Macrotech Developers Ltd0.13%
Coal India Ltd0.13%
RHI Magnesita India Ltd0.13%
ACC Ltd0.11%
Life Insurance Corporation of India0.11%
Siemens Ltd0.10%
CMS Info Systems Ltd0.10%
Indostar Capital Finance Ltd0.10%
Mindspace Business Parks REIT0.09%
Info Edge (India) Ltd0.09%
Nazara Technologies Ltd0.09%
AU Small Finance Bank Ltd0.09%
State Bank of India0.09%
Indian Oil Corporation Ltd0.09%
Muthoot Finance Ltd0.09%
Affle 3i Ltd0.09%
Asian Paints Ltd0.08%
LTIMindtree Ltd0.08%
Page Industries Ltd0.08%
Phoenix Mills Ltd0.08%
Brookfield India Real Estate Trust0.08%
Indus Infra Trust0.08%
Aurobindo Pharma Ltd0.08%
Mindspace Business Parks REIT0.06%
Mphasis Ltd0.06%
KNR Constructions Ltd0.05%
Macrotech Developers Ltd0.04%
Jubilant Foodworks Ltd0.03%
Aditya Birla Sun Life AMC Ltd0.02%
Gujarat Gas Ltd0.02%
Torrent Power Ltd0.02%
Yes Bank Ltd0.02%
Macrotech Developers Ltd0.01%
J K Cements Ltd0.01%
Syngene International Ltd0.01%
Maruti Suzuki India Ltd0.00%
ITC Ltd0.00%
Reliance Industries Ltd0.00%
State Bank of India0.00%
NTPC Ltd0.00%
Kotak Mahindra Bank Ltd0.00%
HCL Technologies Ltd0.00%
Tech Mahindra Ltd0.00%
Oil & Natural Gas Corpn Ltd0.00%
Apollo Hospitals Enterprise Ltd0.00%
NTPC Ltd0.00%
Britannia Industries Ltd0.00%
Nexus Select Trust0.00%
Grasim Industries Ltd- Partly Paidup0.00%

ICICI Prudential Mutual Fund Managers

SN

Sankaran Naren

Fund Manager since Jul 2017

View Details

Fund House Details

ICICI Prudential Mutual Fund

ICICI Prudential Mutual Fund Asset management company

AUM ₹711,553.09 Cr.
No. of Schemes 296
Setup Date June 1993

Peer Comparison

Comparison with other similar funds

Schemes by ICICI Prudential Mutual Fund

List of mutual fund schemes by AMC

About ICICI Prudential Balanced Advantage Fund Direct Plan Growth

The ICICI Prudential Balanced Advantage Fund Direct Plan — Growth is an open-ended scheme offered by ICICI Prudential Mutual Fund. It follows the dynamic asset allocation strategy, where the mix of assets in the fund’s portfolio is frequently adjusted as per prevailing market conditions. Since it contains both equity and debt components in its portfolio, it is categorised as a balanced fund. The minimum required equity allocation is 65% of the fund’s net assets, while the rest of the fund is invested across debt and money market instruments, preference shares, and units of REIT/InvIT.

Investment Objective of the Scheme

ICICI Prudential Balanced Advantage Fund Direct Plan Growth aims to use equity derivatives strategies and tap into the potential of pure equity assets and arbitrage opportunities to give investors the benefit of capital appreciation and periodic income.

Key Features of The Fund

5-year return 13.44%
Expense Ratio 0.86%
Fund Manager Sankaran Naren
Fund Size ₹56709.02 Cr
Risk Profile High

Is This Scheme Right for Me?

If you want to improve the chances of your portfolio benefiting from different phases of the market cycle, this mutual fund scheme could be a suitable option for you. Since the fund is open-ended and offers customisable SIPs and SWPs, it may also be suitable for you if you want to ensure that your portfolio is significantly tailored to your specific financial situation. However, it carries a high level of risk, which may be slightly offset by the inclusion of debt instruments. So, make sure that you are aware of the risks before choosing this fund.

AMC Contact Details

Name ICICI Prudential Mutual Fund
Launch Date June 1993
Addresss One BKC 13th Floor, Bandra Kurla Complex, Bandra, Mumbai – 400 051
Contact 18002006000 91 22 2652 5000
Email enquiry@icicipruamc.com
Website https://www.icicipruamc.com/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

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FAQs

What is today's NAV of ICICI Prudential Balanced Advantage Fund?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of ICICI Prudential Balanced Advantage Fund on May 29 2024, is ₹72.63

What is the AUM of ICICI Prudential Balanced Advantage Fund?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of ICICI Prudential Balanced Advantage Fund, is ₹56709.02 crore.

What is the expense ratio of ICICI Prudential Balanced Advantage Fund?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of ICICI Prudential Balanced Advantage Fund is 0.86%

What are the returns of ICICI Prudential Balanced Advantage Fund since inception?

The ICICI Prudential Balanced Advantage Fund was launched on Jan 01 2013. The fund has delivered a CAGR of 13.37 since inception.

What is the minimum SIP amount to invest in ICICI Prudential Balanced Advantage Fund?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for ICICI Prudential Balanced Advantage Fund is ₹100.

How do I invest in ICICI Prudential Balanced Advantage Fund?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in ICICI Prudential Balanced Advantage Fund?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in ICICI Prudential Balanced Advantage Fund?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in ICICI Prudential Balanced Advantage Fund?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.

FAQs

What is today's NAV of ICICI Prudential Balanced Advantage Fund?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of ICICI Prudential Balanced Advantage Fund on May 29 2024, is ₹72.63

What is the AUM of ICICI Prudential Balanced Advantage Fund?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of ICICI Prudential Balanced Advantage Fund, is ₹56709.02 crore.

What is the expense ratio of ICICI Prudential Balanced Advantage Fund?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of ICICI Prudential Balanced Advantage Fund is 0.86%

What are the returns of ICICI Prudential Balanced Advantage Fund since inception?

The ICICI Prudential Balanced Advantage Fund was launched on Jan 01 2013. The fund has delivered a CAGR of 13.37 since inception.

What is the minimum SIP amount to invest in ICICI Prudential Balanced Advantage Fund?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for ICICI Prudential Balanced Advantage Fund is ₹100.

How do I invest in ICICI Prudential Balanced Advantage Fund?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in ICICI Prudential Balanced Advantage Fund?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in ICICI Prudential Balanced Advantage Fund?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in ICICI Prudential Balanced Advantage Fund?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.