Risk | High |
---|---|
Min SIP Amount | Not Supported |
Expense Ratio | 1.18% |
NAV | ₹16.71 (13 Apr 2021) |
---|---|
Fund Started | 24 Sep 2014 |
Fund Size | ₹30,284 Cr |
Name | Sector | Instrument | % Assets |
---|---|---|---|
HDFC Bank Ltd. | Financial | Equity | 4.6% |
Britannia Industries Ltd. | FMCG | Equity | 1.2% |
Cipla Ltd. | Healthcare | Equity | 1.0% |
Eicher Motors Ltd. | Automobile | Equity | 0.8% |
Bharat Petroleum Corpn. Ltd. | Energy | Equity | 0.7% |
Bank Of Baroda | Financial | Equity | 0.6% |
GAIL (India) Ltd. | Energy | Equity | 0.6% |
ACC Ltd. | Construction | Equity | 0.4% |
Nayara Energy Ltd. | Energy | Bonds/NCD | 0.3% |
Container Corpn. Of India Ltd. | Services | Equity | 0.3% |
ICICI Prudential Balanced Advantage Direct IDCW 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 IDCW Quarterly fund.The fund currently has an Asset Under Management(AUM) of ₹30,284 Cr and the Latest NAV as of 13 Apr 2021 is ₹16.71.
The ICICI Prudential Balanced Advantage Direct IDCW Quarterly is rated 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 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.