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ICICI Prudential Balanced Advantage Direct Growth-0.51%

13.25%
1 Year Return
Hybrid
Balanced Advantage
4.0star
6M
1Y
3Y
5Y
All

Fund Details

ICICI Prudential Balanced Advantage Direct Growth

RiskModerately High
Min SIP Amount₹100
Expense Ratio1.16%
NAV₹46.68 (22 Jan 2021)
Fund Started01 Jan 2013
Fund Size28,546 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 amount100
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

NameSectorInstrument% Assets
ICICI Bank Ltd.FinancialEquity5.8%
Reliance Industries Ltd.EnergyEquity5.0%
HDFC Bank Ltd.FinancialEquity4.6%
Infosys Ltd.TechnologyEquity4.5%
Housing Development Finance Corpn. Ltd.FinancialEquity3.0%
Motherson Sumi Systems Ltd.AutomobileEquity2.6%
Bharti Airtel Ltd.CommunicationEquity2.5%
Axis Bank Ltd.FinancialBonds/Deb2.5%
Kotak Mahindra Bank Ltd.FinancialEquity2.2%
National Thermal Power Corp. Ltd.EnergyEquity2.0%
See All

Fund Managers

Sankaran Naren
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Rajat Chandak
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Manish Banthia
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Ihab Dalwai
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Ritesh Lunawat
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Priyanka Khandelwal
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Dharmesh Kakkad
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ICICI Prudential Balanced Advantage Direct Growth Details

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

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
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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