| Risk | Moderately High |
|---|---|
| Min SIP Amount | Not Supported |
| Expense Ratio | 1.17% |
| NAV | ₹14.58 (12 Aug 2020) |
|---|---|
| Fund Started | 24 Sep 2014 |
| Fund Size | ₹26,139 Cr |
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Reliance Industries Ltd. | Energy | Equity | 5.9% |
| HDFC Bank Ltd. | Financial | Equity | 5.2% |
| ICICI Bank Ltd. | Financial | Equity | 4.0% |
| Infosys Ltd. | Technology | Equity | 3.2% |
| Bharti Airtel Ltd. | Communication | Equity | 3.2% |
| Axis Bank Ltd. | Financial | Bonds/Deb | 2.7% |
| National Thermal Power Corp. Ltd. | Energy | Equity | 2.5% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 2.5% |
| Hindustan Unilever Ltd. | FMCG | Equity | 2.2% |
| Motherson Sumi Systems Ltd. | Automobile | Equity | 1.9% |
ICICI Prudential Balanced Advantage Direct Dividend Quarterly is a Hybrid Mutual Fund Scheme launched by ICICI Prudential Mutual Fund. This scheme was made available to investors on 24 Sep 2014. S Naren, Rajat Chandak, Manish Banthia, Ihab Dalwai is the Current Fund Manager of ICICI Prudential Balanced Advantage Direct Dividend Quarterly fund.The fund currently has an Asset Under Management(AUM) of ₹26,139 Cr and the Latest NAV as of 12 Aug 2020 is ₹14.58.
The ICICI Prudential Balanced Advantage Direct Dividend Quarterly is rated Moderately High risk. Minimum SIP Investment is set to 1000. For units in excess of 10% of the investment,1% will be charged for redemption within 1 year
The investment objective of Wealth Optimiser Plan under the scheme is to seek 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.