|Min SIP Amount||Not Supported|
|NAV||₹16.72 (23 Jul 2021)|
|Fund Started||26 Mar 2013|
|Fund Size||₹32,942 Cr|
|Reliance Industries Ltd.||Energy||Equity||6.1%|
|ICICI Bank Ltd.||Financial||Equity||5.9%|
|HDFC Bank Ltd.||Financial||Equity||4.2%|
|Housing Development Finance Corpn. Ltd.||Financial||Equity||2.7%|
|Bharti Airtel Ltd.||Communication||Equity||2.4%|
|Reserve Bank of India||Financial||T-Bills||2.4%|
|Reserve Bank of India||Financial||T-Bills||2.3%|
|State Bank of India||Financial||Equity||2.2%|
ICICI Prudential Balanced Advantage IDCW Monthly is a Hybrid Mutual Fund Scheme launched by ICICI Prudential Mutual Fund. This scheme was made available to investors on 26 Mar 2013. S Naren, Rajat Chandak, Manish Banthia, Ihab Dalwai is the Current Fund Manager of ICICI Prudential Balanced Advantage IDCW Monthly fund.The fund currently has an Asset Under Management(AUM) of ₹32,942 Cr and the Latest NAV as of 23 Jul 2021 is ₹16.72.
The ICICI Prudential Balanced Advantage 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.