Risk | High |
---|---|
Min SIP Amount | Not Supported |
Expense Ratio | 1.18% |
NAV | ₹18.26 (09 Apr 2021) |
---|---|
Fund Started | 02 Apr 2013 |
Fund Size | ₹30,284 Cr |
Name | Sector | Instrument | % Assets |
---|---|---|---|
ICICI Bank Ltd. | Financial | Equity | 6.1% |
Reliance Industries Ltd. | Energy | Equity | 4.9% |
HDFC Bank Ltd. | Financial | Equity | 4.8% |
Infosys Ltd. | Technology | Equity | 4.2% |
Housing Development Finance Corpn. Ltd. | Financial | Equity | 3.0% |
Bharti Airtel Ltd. | Communication | Equity | 2.6% |
Axis Bank Ltd. | Financial | AT1 Bond | 2.4% |
State Bank of India | Financial | Equity | 2.3% |
Motherson Sumi Systems Ltd. | Automobile | Equity | 2.1% |
National Thermal Power Corp. Ltd. | Energy | Equity | 2.1% |
ICICI Prudential Balanced Advantage Direct IDCW Monthly is a Hybrid Mutual Fund Scheme launched by ICICI Prudential Mutual Fund. This scheme was made available to investors on 02 Apr 2013. S Naren, Rajat Chandak, Manish Banthia, Ihab Dalwai is the Current Fund Manager of ICICI Prudential Balanced Advantage Direct IDCW Monthly fund.The fund currently has an Asset Under Management(AUM) of ₹30,284 Cr and the Latest NAV as of 09 Apr 2021 is ₹18.26.
The ICICI Prudential Balanced Advantage Direct IDCW Monthly is rated High risk. Minimum SIP Investment is set to 100. 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.