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What is ICICI Prudential Balanced Advantage Fund?

ICICI Prudential Balanced Advantage Fund is an open-ended scheme that generates income and income distribution to the investors by using equity derivatives strategies, arbitrage opportunities, and pure equity investments.


Some of the main features and benefits of ICICI Prudential Balanced Advantage Fund are as follows:

  • The scheme invests in both equity and debt.
  • It aims to provide an opportunity for reasonable returns with relatively lower volatility.
  • It provides investors with an opportunity to benefit out of market volatility.
  • In-house valuation model seeking to limit the downside risk during a falling market.
  • In-house valuation model aims to capture growth opportunities in a rising market.
  • Long term wealth creation
  • Riskometer: Moderately high-risk.
  • Investors looking to participate in equity markets with a relatively conservative approach can invest in this scheme.

Fund details

Fund HouseICICI Prudential Mutual Fund
Launch DateDec 30, 2006
BenchmarkCRISIL Hybrid 50+50 Moderate Index
RiskometerModerately High
Risk GradeAverage
Return GradeAbove Average
Turnover33%
TypeOpen-ended
Return since Launch:10.45%
Minimum Investment (R)500
Minimum Addl Investment (R)100
Minimum SIP Investment (R)1,000
Minimum No of Cheques6
Minimum Withdrawal (R)-
Minimum Balance (R)-
Exit Load (%)For units in excess of 10% of the investment,1% will be charged for redemption within 365 days

 YTD1-Month3-Month1-Year3-Year5-Year10-Year
Fund2.790.06-1.893.286.748.3612.01
VR Balanced TRI3.09-0.69-5.26-1.558.507.599.45
Category1.39-0.22-2.56-0.415.056.5110.03
Rank within Category6284111
Number of funds in category161918151064

Performance as on 5 September 2019

Please note that past performance of a mutual fund may not be a guarantee of future results. However, if you know how to analyze fund performance and know what to look for, you can make better investment decisions. This increases the odds that future performance will meet or exceed your expectations.

SIP Performance

Period Invested for₹1000 SIP Started onInvestmentsLatest ValueAbsolute ReturnsAnnualized Returns
1 Year06-Sep-181200012250.592.09 %3.88 %
2 Year06-Sep-172400024998.24.16 %3.96 %
3 Year06-Sep-163600039183.088.84 %5.57 %
5 Year05-Sep-146000072370.5620.62 %7.43 %
10 Year04-Sep-09120000214017.878.35 %11.13 %

NAV as on 5th September 2019


Top Equity Holdings

CompanySectorPE3Y High3Y Low% Assets
HDFCFinancial33.484.420.744.41
HDFC BankFinancial27.905.682.883.88
InfosysTechnology22.653.631.683.43
Kotak Mahindra BankFinancial37.153.150.322.93
Axis BankFinancial32.923.221.182.46
ICICI BankFinancial47.252.871.392.41
Larsen & ToubroConstruction20.792.521.002.32
State Bank of IndiaFinancial30.812.260.582.24
ITCFMCG23.532.540.842.22
Reliance IndustriesEnergy19.262.260.242.09

Top Debt Holdings

CompanyInstrumentCredit Rating1Y Range% Assets
8.75% Axis BankBonds/DebenturesAA+1.33 - 1.991.99
9.2% ICICI Bank 2050BondsAA+1.60 - 1.841.84
8.75% Axis Bank 2022BondsAA+0.30 - 1.401.40
HDFC Bank 91-D 29/10/2019Fixed Deposits-0.00 - 1.011.01
9.15% ICICI BankDebentureAA+0.86 - 0.950.95
9.37% State Bank of India 2023DebentureAA+0.00 - 0.910.91
HDFC Bank 91-D 26/08/2019Fixed Deposits-0.00 - 0.900.90
7.74% Power Finance Corp. 2028Non-Convertible DebentureAAA0.82 - 0.880.88
9.1106% LIC Housing Fin. 2020Non-Convertible DebentureAAA0.00 - 1.060.82
Cholamandalam Invest. & Fin. 56-D 02/08/2019Commercial PaperA1+0.00 - 0.720.72

Most Recent Dividends

PlanRecord DateDividend (R / Unit)
DividendOct 30, 20180.5312
Dividend MonthlySep 03, 20190.0620
Dividend QuarterlyFeb 20, 20180.7500

The NAV or the Net asset value represents a fund's per share market value. It is the price at which investors buy fund shares from a fund company and sell them to a fund company.

PlansNAV (Rs)
Growth35.34
Dividend12.67

There is a 0.37% change from previous, NAV as on Sep 05, 2019


Investing in ICICI Prudential Balanced Advantage Fund is fairly straightforward. There are several easy ways of doing this:

Online: 

  • You can simply click on the “Invest Now” option on the company’s official website, where after you will be prompted for your basic information, like name, mobile number, and PAN number. You will need to fill up the one-time registration form to complete the process.

Offline:

  • You may approach your nearest ICICI Mutual Fund office and submit the relevant forms and documents to proceed with the application process. Alternatively, you may also approach third party dealers for applying to this scheme. However, make sure that the dealer is genuine as there are a lot of fraudulent dealers.

Request for a callback:

  • You can request for a call back by entering your contact details (name and phone number) on their contact form whereupon an expert will get in touch with you to further discuss your investment options.

Email:

  • You can email their customer service on the email address listed on the company’s website for more information.

Tollfree number:

  • You can call their toll-free number listed on their official website and talk to an expert.

Chat:

  • You can also chat with an online assistant using the chat option on their website and have your questions addressed.

1. What is ICICI Prudential Balanced Advantage Fund?

ICICI Prudential Balanced Advantage Fund is an open-ended scheme that generates income and income distribution to the investors by using equity derivatives strategies, arbitrage opportunities, and pure equity investments.

2. What are the options offered under the ICICI Prudential Balanced Advantage Fund scheme?

The plan offers growth and dividend options with payout and reinvestment sub-options.

3. What is the exit load under this scheme?

For units in excess of 10% of the investment, 1% exit load will be charged for redemption within 365 days.

4. Who is it suitable for?

This kind of scheme is good for those looking to generate long term wealth creation. Investors looking to participate in equity markets with a relatively conservative approach can invest in this scheme.

5. How do I apply for ICICI Prudential Balanced Advantage Fund offline?

You may approach any of the ICICI Mutual Fund offices and submit the relevant forms and documents to proceed with the application process. You may also approach third party dealers for applying to this scheme.

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