|Min SIP Amount||Not Supported|
|NAV||₹18.91 (22 Jun 2021)|
|Fund Started||02 Apr 2013|
|Fund Size||₹32,188 Cr|
|Reliance Industries Ltd.||Energy||Equity||6.4%|
|ICICI Bank Ltd.||Financial||Equity||6.3%|
|HDFC Bank Ltd.||Financial||Equity||4.6%|
|Reserve Bank of India||Financial||T-Bills||3.2%|
|Housing Development Finance Corpn. Ltd.||Financial||Equity||2.8%|
|Bharti Airtel Ltd.||Communication||Equity||2.5%|
|State Bank of India||Financial||Equity||2.3%|
|Motherson Sumi Systems Ltd.||Automobile||Equity||2.2%|
|Axis Bank Ltd.||Financial||2.2%|
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 ₹32,188 Cr and the Latest NAV as of 22 Jun 2021 is ₹18.91.
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.