6M
1Y
3Y
5Y
All
Fund Details
ICICI Prudential Balanced Advantage Direct Dividend
| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹100 |
| Expense Ratio | 1.16% |
| NAV | ₹21.81 (22 Jan 2021) |
|---|---|
| Fund Started | 07 Jan 2013 |
| Fund Size | ₹28,546 Cr |
Returns
1Y
3Y*
5Y*
Since inception*
Fund Returns
13.3%
9.3%
12.6%
13.1%
Category Average
12.6%
6.7%
9.4%
-
Rank Within Category
15
5
3
-
*All returns are annualized.
SIP
ONE TIME
Minimum SIP amount₹100
Amount Per Month₹5,000
Duration
1Y back
3Y back
5Y back
Would have become
₹0
with 13.3% returns per annum
Comparison
Data not available
Pros
1. 3Y Returns are higher than the category average returns
2. 5Y Returns are higher than the category average returns
Cons
1. Asset under management(AUM) is more than 20000 Crs. Returns tend to go low once AUM exceeds a certain amount
2. Risk-adjusted returns are lower compared to the category
3. 1Y Returns are lower than the category average returns
Top Holdings
| 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% |
See All
Fund Managers
Sankaran Naren
Education
Mr. Naren is a B.Tech from IIT Chennai and MBA (Finance)from IIM Kolkata.
Experience
Prior to joining ICICI Prudential AMC he has worked with Refco Sify Securities India Pvt. Ltd., HDFC Securities Ltd. and Yoha Securities.
Funds Managed
Rajat Chandak
Education
Mr. Chandak is a B.Com (H) and MBA.
Experience
He has been associated with ICICI Prudential AMC since 2008.
Funds Managed
Manish Banthia
Education
Mr. Banthia is B.Com, CA and MBA
Experience
He is associated with ICICI Prudential Asset Management Company since Oct 2005, ICICI Prudential AMC - Fixed Income Investments - Aug 2007 to Oct 2009, ICICI Prudential AMC - New Product Development - Oct 2005 to Jul 2007, Aditya Birla Nuvo Ltd. - From May 2005 to Oct 2005, Aditya Birla Management Corporation Ltd. - From May 2004 to May 2005.
Funds Managed
Ihab Dalwai
Education
Mr. Dalwai is a Chartered Accountant.
Experience
He is associated with ICICI Prudential AMC since April 2011.
Funds Managed
Ritesh Lunawat
Education
Mr. Lunawat is B.Com and Chartered Accountant.
Experience
He has been Working with ICICI Prudential AMC Since September 2013.
Funds Managed
Priyanka Khandelwal
Education
Ms. Khandelwal is Chartered Accountant and Company Secretary
Experience
She has been Working with ICICI Prudential Mutual Fund Since October 2014.
Funds Managed
Dharmesh Kakkad
Education
Mr. kakkad is B.com., CA & CFA.
Experience
Mr. Kakkad is Manager in ICICI Prudential Mutual Fund since 2009.
Funds Managed
ICICI Prudential Balanced Advantage Direct Dividend Details
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
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.
Tax Implications
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.
Scheme Information Document(SID)
₹500
Min for First Investment
₹100
Min for Second Investment
For units in excess of 10% of the investment,1% will be charged for redemption within 1 year
Exit Load
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About ICICI Prudential Mutual Fund
Address
One BKC, A-Wing, 13th Floor, Bandra Kurla Complex Mumbai 400051
Phone
022-26525000
Launch Date
13 Oct 1993
E-mail
enquiry@icicipruamc.comWebsite
NAICICI Prudential Mutual Fund
Asset Management Company
Custodian
HDFC Bank
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,
Email
enq_h@camsonline.comWebsite
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