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Home>Mutual Funds>ICICI Prudential Mutual Fund>ICICI Prudential Balanced Advantage Direct IDCW Quarterly

ICICI Prudential Balanced Advantage Direct IDCW Quarterly

Hybrid
Dynamic Asset Allocation
High Risk
Payout
11.41%
3Y annualised
+0.47% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 06 Jul 2022₹17.08
Min. SIP amountNA
Rating4
Fund size₹40,145.82Cr

Returns and rankings

Category: Hybrid Dynamic Asset Allocation
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns6.7%11.4%10.4%12.6%
Category average24.8%9.3%9.1%NA
Rank with in category572NA
Understand terms

Holdings (106)

NameSectorInstrumentAssets
GOI
SovereignGOI FRB6.3%
Reliance Industries Ltd.EnergyEquity5.7%
ICICI Bank Ltd.FinancialEquity5.0%
Infosys Ltd.TechnologyEquity4.5%
HDFC Bank Ltd.FinancialEquity3.8%
GOI
SovereignGOI Sec3.2%
Bharti Airtel Ltd.CommunicationEquity3.0%
GOI
SovereignGOI Sec2.8%
Housing Development Finance Corpn. Ltd.FinancialEquity2.5%
State Bank of IndiaFinancialEquity2.4%
See All

Pros and cons

Category: Hybrid Dynamic Asset Allocation

Pros

Cons

3Y and 5Y annualised returns higher than category average
Higher AUM: 40145Cr. Funds with a higher AUM tend to have lower returns in the future
Higher alpha: 2.29 The fund has generated returns higher than benchmark - CRISIL Hybrid 50+50 Moderate Index - in the last 3Y
1Y annualised returns lower than category average by 18.06%
Lower expense ratio: 0.95%
Average credit rating of the fund's holdings: AAA This fund has holdings of the highest quality

Expense ratio, exit load and tax

Expense ratio: 0.95%

Inclusive of GST

Exit load

For units in excess of 10% of the investment,1% will be charged for redemption within 1 year

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

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.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investmentNA
Min. for 2nd investment onwardsNA
Min. for SIPNA

Fund management

Sankaran Naren
Jul 2017 - Present
View details

Education
Mr. Naren is a B.Tech from IIT Chennai and MBA (Finance)from IIM Kolkata.
Experience
Prior to joining ICICI Prudential AMC he has worked with Refco Sify Securities India Pvt. Ltd., HDFC Securities Ltd. and Yoha Securities.
Also manages these schemes

Rajat Chandak
Sep 2015 - Present
View details

Education
Mr. Chandak is a B.Com (H) and MBA.
Experience
He has been associated with ICICI Prudential AMC since 2008.
Also manages these schemes

Manish Banthia
Jan 2013 - Present
View details

Education
Mr. Banthia is B.Com, CA and MBA
Experience
He is associated with ICICI Prudential Asset Management Company since Oct 2005, ICICI Prudential AMC - Fixed Income Investments - Aug 2007 to Oct 2009, ICICI Prudential AMC - New Product Development - Oct 2005 to Jul 2007, Aditya Birla Nuvo Ltd. - From May 2005 to Oct 2005, Aditya Birla Management Corporation Ltd. - From May 2004 to May 2005.
Also manages these schemes

Ihab Dalwai
Jan 2018 - Present
View details

Education
Mr. Dalwai is a Chartered Accountant.
Experience
He is associated with ICICI Prudential AMC since April 2011.
Also manages these schemes

Ritesh Lunawat
Dec 2020 - Present
View details

Education
Mr. Lunawat is B.Com and Chartered Accountant.
Experience
He has been Working with ICICI Prudential AMC Since September 2013.
Also manages these schemes

Priyanka Khandelwal
Jun 2017 - Present
View details

Education
Ms. Khandelwal is Chartered Accountant and Company Secretary
Experience
She has been Working with ICICI Prudential Mutual Fund Since October 2014.
Also manages these schemes

Sri Sharma
Apr 2021 - Present
View details

Also manages these schemes

Fund house & investment objective

Fund house contact details

Address
One BKC , A Wing ,13th Floor, Bandra Kurla Complex, Mumbai 400051
Phone
022-26525000 / 1800-222-999 / 1800-200-6666
Launch Date
12 Oct 1993
Website
NA
Amc Image
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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FAQs

How to Invest in ICICI Prudential Balanced Advantage Direct IDCW Quarterly?

You can easily invest in ICICI Prudential Balanced Advantage Direct IDCW Quarterly in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps:

  • Log on to your Groww account
  • Search for ICICI Prudential Balanced Advantage Direct IDCW Quarterly from the search box
  • In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete
  • Once you are done with that, you can start investing in ICICI Prudential Balanced Advantage Direct IDCW Quarterly as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does ICICI Prudential Balanced Advantage Direct IDCW Quarterly provide?

The ICICI Prudential Balanced Advantage Direct IDCW Quarterly has been there from 23 Sep 2014 and the average annual returns provided by this fund is 6.72% since its inception.

How much expense ratio is charged by ICICI Prudential Balanced Advantage Direct IDCW Quarterly?

The term Expense Ratio used for ICICI Prudential Balanced Advantage Direct IDCW Quarterly or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund.

The Expense Ratio of ICICI Prudential Balanced Advantage Direct IDCW Quarterly is 0.95% as of 07 Jul 2022...

What is the AUM of ICICI Prudential Balanced Advantage Direct IDCW Quarterly?

The AUM, short for Assets Under Management of ICICI Prudential Balanced Advantage Direct IDCW Quarterly is ₹40,145.82Cr as of 07 Jul 2022.

How to Redeem ICICI Prudential Balanced Advantage Direct IDCW Quarterly?

If you want to sell your ICICI Prudential Balanced Advantage Direct IDCW Quarterly holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of ICICI Prudential Balanced Advantage Direct IDCW Quarterly?

You can select either SIP or Lumpsum investment of ICICI Prudential Balanced Advantage Direct IDCW Quarterly based on your investment objective and risk tolerance.

What is the NAV of ICICI Prudential Balanced Advantage Direct IDCW Quarterly?

The NAV of ICICI Prudential Balanced Advantage Direct IDCW Quarterly is ₹17.08 as of 06 Jul 2022.

What is the PE and PB ratio of ICICI Prudential Balanced Advantage Direct IDCW Quarterly?

The PE ratio ratio of ICICI Prudential Balanced Advantage Direct IDCW Quarterly is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

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