Risk | Moderately High |
---|---|
Min SIP Amount | ₹100 |
Expense Ratio | 1.16% |
NAV | ₹21.81 (22 Jan 2021) |
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Fund Started | 07 Jan 2013 |
Fund Size | ₹28,546 Cr |
Name | Sector | Instrument | % Assets |
---|---|---|---|
ICICI Bank Ltd. | Financial | Equity | 5.8% |
Reliance Industries Ltd. | Energy | Equity | 5.0% |
HDFC Bank Ltd. | Financial | Equity | 4.6% |
Infosys Ltd. | Technology | Equity | 4.5% |
Housing Development Finance Corpn. Ltd. | Financial | Equity | 3.0% |
Motherson Sumi Systems Ltd. | Automobile | Equity | 2.6% |
Bharti Airtel Ltd. | Communication | Equity | 2.5% |
Axis Bank Ltd. | Financial | Bonds/Deb | 2.5% |
Kotak Mahindra Bank Ltd. | Financial | Equity | 2.2% |
National Thermal Power Corp. Ltd. | Energy | Equity | 2.0% |
ICICI Prudential Balanced Advantage Direct Dividend is a Hybrid Mutual Fund Scheme launched by ICICI Prudential Mutual Fund. This scheme was made available to investors on 07 Jan 2013. S Naren, Rajat Chandak, Manish Banthia, Ihab Dalwai is the Current Fund Manager of ICICI Prudential Balanced Advantage Direct Dividend fund.The fund currently has an Asset Under Management(AUM) of ₹28,546 Cr and the Latest NAV as of 22 Jan 2021 is ₹21.81.
The ICICI Prudential Balanced Advantage Direct Dividend is rated Moderately High risk. Minimum SIP Investment is set to 100. Minimum Lumpsum Investment is 500. For units in excess of 10% of the investment,1% will be charged for redemption within 1 year
The scheme seeks to provide capital appreciation and income distribution to the investors by using equity derivatives strategies, arbitrage opportunities and pure equity investments.
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.