ICICI Prudential Balanced Advantage Direct Dividend+0.51%

5Groww
2.63%
1 Year Return
Hybrid
Balanced Advantage
5.0 star
6M
1Y
3Y
5Y
All

Fund Details

ICICI Prudential Balanced Advantage Direct Dividend

RiskModerate
Min SIP Amount₹100
Expense Ratio1.27%
NAV19.7 (23 Aug 2019)
Fund Started07 Jan 2013
Fund Size27,798 Cr

Returns

1Y
3Y*
5Y*
Since inception*
ICICI Prudential Balanced Advantage Direct Dividend
2.6%
8.2%
9.9%
12.3%
Category Average
-0.2%
5.8%
7.8%
-
Rank within category
4
2
2
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    For how many years?
    1 Year
    3 Years
    5 Years
    Estimated Value
    as per Historical Returns
    30
    with 2.6% annual returns

    Comparison

    Data not available
    Pros
    1. Risk-adjusted returns are higher compared to the category
    2. 1Y Returns are higher than the benchmark
    3. 3Y Returns are higher than the benchmark
    4. 5Y Returns are higher than the benchmark
    Cons
    1. Asset under management(AUM) is more than 20000 Crs. Returns tend to go low once AUM exceeds a certain amount
    2. Risk is higher compared to the benchmark

    Top Holdings

    NameSectorInstrument% Assets
    Housing Development Finance Corpn. Ltd.FinancialEquity4.4%
    HDFC Bank Ltd.FinancialEquity3.9%
    Infosys Ltd.TechnologyEquity3.4%
    Kotak Mahindra Bank Ltd.FinancialEquity2.9%
    Axis Bank Ltd.FinancialEquity2.5%
    ICICI Bank Ltd.FinancialEquity2.4%
    Larsen & Toubro Ltd.ConstructionEquity2.3%
    State Bank of IndiaFinancialEquity2.2%
    ITC Ltd.FMCGEquity2.2%
    Reliance Industries Ltd.EnergyEquity2.1%
    See All

    Fund Managers

    addSankaran 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
    addRajat Chandak
    Education
    Mr. Chandak is a B.Com (H) and MBA.
    Experience
    He has been associated with ICICI Prudential AMC since 2008.
    Funds Managed
    addManish 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
    addPriyanka 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
    addDharmesh Kakkad
    Education
    Mr. kakkad is B.com., CA & CFA.
    Experience
    Mr. Kakkad is Manager in ICICI Prudential Mutual Fund since 2009.
    Funds Managed

    Other Details

    ICICI Prudential Balanced Advantage Direct Dividend is a Hybrid Mutual Fund Scheme launched by ICICI Prudential Mutual Fund. This scheme was introduced 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.The fund currently has an Asset Under Management(AUM) of ₹27,798 Cr and the Latest NAV as of 23 Aug 2019 is ₹19.7.

    The ICICI Prudential Balanced Advantage Direct Dividend is rated Moderate risk. Minimum SIP Investment is 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 investment objective of Wealth Optimiser Plan under the scheme is to seek 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
    12 Oct 1993
    ICICI Prudential Mutual Fund
    Asset Management Company
    Custodian
    HDFC Bank
    Registrar & Transfer Agent
    Cams
    Address
    7th Floor, Tower II, Rayala Towers, 158, Anna Salai,
    Invest Now
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    Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing.
    Past performance is not indicative of future returns. Please consider your specific investment requirements, risk tolerance, investment goal, time frame, risk and reward balance and the cost associated with the investment before choosing a fund, or designing a portfolio that suits your needs.
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