ICICI Prudential Balanced Advantage Direct Growth

Hybrid
Dynamic Asset Allocation
High Risk
13.62%
3Y annualised
-0.10% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 18 Mar 2024₹70.23
Min. SIP amount₹100
Rating4
Fund size₹55,229.33Cr

Return calculator

Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of 0
Would have become (%)

Returns and rankings

Category: Hybrid Dynamic Asset Allocation
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns22.5%13.6%13.2%13.3%
Category average24.4%11.6%11.5%NA
Rank with in category23117NA
Understand terms

Holdings (197)

NameSectorInstrumentAssets
GOI
SovereignGOI FRB4.76%
FinancialEquity4.69%
AutomobileEquity4.55%
FinancialEquity3.62%
TechnologyEquity3.58%
AutomobileEquity3.45%
SovereignGOI Sec3.02%
GOI
SovereignGOI Sec2.73%
ConstructionREITs2.66%
EnergyEquity2.45%
See All

Pros and cons

Category: Hybrid Dynamic Asset Allocation

Pros

Cons

3Y, 5Y and 10Y annualised returns higher than category average
1Y annualised returns lower than category average by 1.19%
Higher alpha: 4.32 The fund has generated returns higher than benchmark - CRISIL Hybrid 50+50 Moderate Index - in the last 3Y
Lower expense ratio: 0.84%
Average credit rating of the fund's holdings: AAA This fund has holdings of the highest quality

Expense ratio, exit load and tax

Expense ratio: 0.84%

Inclusive of GST

Exit load

Exit Load for units in excess of 30% of the investment,1% will be charged for redemption within 1 year.

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

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.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investment₹500
Min. for 2nd investment onwards₹100
Min. for SIP₹100

Fund management

Sankaran Naren
Jul 2017 - Present
View details

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.
Also manages these schemes

Manish Banthia
Jan 2013 - Present
View details

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.
Also manages these schemes

Akhil Kakkar
Jan 2024 - Present
View details

Education
Mr. Kakkar is B.Tech (IIT Roorkee) and PGDM (Finance)
Experience
Prior to Joining ICICI Prudential Mutual Fund he has worked with Kotak Mahindra Bank in Debt Capital Markets, SBI Capital Markets in Project Advisory & Structured Finance and Goldman Sachs Services Pvt Ltd as Analyst Developer.
Also manages these schemes

Sharmila D’mello
Jul 2022 - Present
View details

Education
Ms. D'mello is CA and BAF
Experience
She joined ICICI Prudential AMC Limited in September 2016.
Also manages these schemes

Fund house & investment objective

Fund house contact details

Address
One BKC , A Wing ,13th Floor, Bandra Kurla Complex, Mumbai 400051
Phone
NA
Launch Date
12 Oct 1993
E-mail
NA
ICICI Prudential Mutual Fund
Asset Management Company
Custodian
HDFC Bank
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,

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