|Min SIP Amount||Not Supported|
|NAV||₹13.93 (23 Oct 2020)|
|Fund Started||22 Sep 2014|
|Fund Size||₹26,175 Cr|
|Reliance Industries Ltd.||Energy||Equity||7.3%|
|HDFC Bank Ltd.||Financial||Equity||4.3%|
|ICICI Bank Ltd.||Financial||Equity||4.2%|
|Axis Bank Ltd.||Financial||Bonds/Deb||2.7%|
|Bharti Airtel Ltd.||Communication||Equity||2.5%|
|Housing Development Finance Corpn. Ltd.||Financial||Equity||2.5%|
|Motherson Sumi Systems Ltd.||Automobile||Equity||2.4%|
|National Thermal Power Corp. Ltd.||Energy||Equity||2.2%|
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
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.