| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹100 |
| Expense Ratio | 1.17% |
| NAV | ₹19.62 (27 Oct 2020) |
|---|---|
| Fund Started | 07 Jan 2013 |
| Fund Size | ₹26,175 Cr |
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Reliance Industries Ltd. | Energy | Equity | 7.3% |
| HDFC Bank Ltd. | Financial | Equity | 4.3% |
| ICICI Bank Ltd. | Financial | Equity | 4.2% |
| Infosys Ltd. | Technology | Equity | 4.2% |
| GOI | Sovereign | GOI Sec | 3.7% |
| Axis Bank Ltd. | Financial | Bonds/Deb | 2.7% |
| Bharti Airtel Ltd. | Communication | Equity | 2.5% |
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 2.5% |
| Motherson Sumi Systems Ltd. | Automobile | Equity | 2.4% |
| National Thermal Power Corp. Ltd. | Energy | Equity | 2.2% |
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 ₹26,175 Cr and the Latest NAV as of 27 Oct 2020 is ₹19.62.
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.