|Min SIP Amount||₹100|
|NAV||₹46.68 (22 Jan 2021)|
|Fund Started||01 Jan 2013|
|Fund Size||₹28,546 Cr|
|ICICI Bank Ltd.||Financial||Equity||5.8%|
|Reliance Industries Ltd.||Energy||Equity||5.0%|
|HDFC Bank Ltd.||Financial||Equity||4.6%|
|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%|
ICICI Prudential Balanced Advantage Direct Growth is a Hybrid Mutual Fund Scheme launched by ICICI Prudential Mutual Fund. This scheme was made available to investors on 01 Jan 2013. S Naren, Rajat Chandak, Manish Banthia, Ihab Dalwai is the Current Fund Manager of ICICI Prudential Balanced Advantage Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹28,546 Cr and the Latest NAV as of 22 Jan 2021 is ₹46.68.
The ICICI Prudential Balanced Advantage Direct Growth 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.