ICICI Prudential Balanced Advantage Direct IDCW

ICICI Prudential Balanced Advantage Direct IDCW is a Hybrid Mutual Fund Scheme launched by ICICI Prudential Mutual Fund. This scheme was made available to investors on 12 Oct 1993. S Naren, Rajat Chandak, Manish Banthia, Ihab Dalwai is the Current Fund Manager of ICICI Prudential Balanced Advantage Direct IDCW fund. The fund currently has an Asset Under Management(AUM) of ₹4,70,644 Cr and the Latest NAV as of 30 Jan 2023 is ₹23.63. The ICICI Prudential Balanced Advantage Direct IDCW 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 ;

Investment Objective

The scheme seeks to provide capital appreciation and income distribution to the investors by using equity derivatives strategies, arbitrage opportunities and pure equity investments. ;