|Min SIP Amount||Not Supported|
|NAV||₹18.26 (09 Apr 2021)|
|Fund Started||02 Apr 2013|
|Fund Size||₹30,284 Cr|
|ICICI Bank Ltd.||Financial||Equity||6.1%|
|Reliance Industries Ltd.||Energy||Equity||4.9%|
|HDFC Bank Ltd.||Financial||Equity||4.8%|
|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.