ICICI Prudential Balanced Advantage Dividend Quarterly+0.36%

5.34%
1 Year Return
Hybrid
Balanced Advantage
4.0star
6M
1Y
3Y
5Y
All

Fund Details

ICICI Prudential Balanced Advantage Dividend Quarterly

RiskModerately High
Min SIP AmountNot Supported
Expense Ratio1.73%
NAV13.93 (23 Oct 2020)
Fund Started22 Sep 2014
Fund Size26,175 Cr

Returns

1Y
3Y*
5Y*
Since inception*
ICICI Prudential Balanced Advantage Dividend Quarterly
5.3%
6.3%
8.0%
10.3%
Category Average
6.2%
4.3%
6.5%
-
Rank within category
15
4
3
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    For how many years?
    1 Year
    3 Years
    5 Years
    Estimated Value
    as per Historical Returns
    0
    with 5.3% annual returns

    Comparison

    Data not available
    Pros
    1. Age is more than 10 years
    2. Age is more than 10 years
    3. 3Y Returns are higher than the category average returns
    4. 5Y Returns are higher than the category average returns
    5. 10Y Returns are higher than the category average returns
    Cons
    1. Asset under management(AUM) is more than 20000 Crs. Returns tend to go low once AUM exceeds a certain amount
    2. Risk-adjusted returns are lower compared to the category
    3. Risk is higher compared to the benchmark
    4. Higher expense ratio
    5. 1Y Returns are lower than the benchmark
    6. 3Y Returns are lower than the benchmark
    7. 5Y Returns are lower than the benchmark
    8. Asset under management(AUM) is more than 20000 Crs. Returns tend to go low once AUM exceeds a certain amount
    9. Risk-adjusted returns are lower compared to the category
    10. Higher expense ratio - 1.73%

    Top Holdings

    NameSectorInstrument% Assets
    Reliance Industries Ltd.EnergyEquity7.3%
    HDFC Bank Ltd.FinancialEquity4.3%
    ICICI Bank Ltd.FinancialEquity4.2%
    Infosys Ltd.TechnologyEquity4.2%
    GOISovereignGOI Sec3.7%
    Axis Bank Ltd.FinancialBonds/Deb2.7%
    Bharti Airtel Ltd.CommunicationEquity2.5%
    Housing Development Finance Corpn. Ltd.FinancialEquity2.5%
    Motherson Sumi Systems Ltd.AutomobileEquity2.4%
    National Thermal Power Corp. Ltd.EnergyEquity2.2%
    See All

    Fund Managers

    addSankaran Naren
    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.
    Funds Managed
    addRajat Chandak
    Education
    Mr. Chandak is a B.Com (H) and MBA.
    Experience
    He has been associated with ICICI Prudential AMC since 2008.
    Funds Managed
    addManish Banthia
    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.
    Funds Managed
    addIhab Dalwai
    Education
    Mr. Dalwai is a Chartered Accountant.
    Experience
    He is associated with ICICI Prudential AMC since April 2011.
    Funds Managed
    addPriyanka Khandelwal
    Education
    Ms. Khandelwal is Chartered Accountant and Company Secretary
    Experience
    She has been Working with ICICI Prudential Mutual Fund Since October 2014.
    Funds Managed
    addDharmesh Kakkad
    Education
    Mr. kakkad is B.com., CA & CFA.
    Experience
    Mr. Kakkad is Manager in ICICI Prudential Mutual Fund since 2009.
    Funds Managed

    ICICI Prudential Balanced Advantage Dividend Quarterly Details

    ICICI Prudential Balanced Advantage Dividend Quarterly is a Hybrid Mutual Fund Scheme launched by ICICI Prudential Mutual Fund. This scheme was made available to investors on 22 Sep 2014. S Naren, Rajat Chandak, Manish Banthia, Ihab Dalwai is the Current Fund Manager of ICICI Prudential Balanced Advantage Dividend Quarterly fund.The fund currently has an Asset Under Management(AUM) of ₹26,175 Cr and the Latest NAV as of 23 Oct 2020 is ₹13.93.

    The ICICI Prudential Balanced Advantage 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

    Investment Objective

    The scheme seeks to provide capital appreciation and income distribution to the investors by using equity derivatives strategies, arbitrage opportunities and pure equity investments.

    Tax Implications

    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.

    Scheme Information Document(SID)

    Not Supported
    Min for First Investment
    Not Supported
    Min for Second Investment
    For units in excess of 10% of the investment,1% will be charged for redemption within 1 year
    Exit Load

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    About ICICI Prudential Mutual Fund

    Address
    One BKC, A-Wing, 13th Floor, Bandra Kurla Complex Mumbai 400051
    Phone
    022-26525000
    Launch Date
    13 Oct 1993
    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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