ICICI Pru Balanced Advantage Fund – Dir Growth

Hybrid · Dynamic Asset Allocation or Balanced Advantage
 · ★★★★
100
Min SIP
500
Min Lumpsum
0.87 %
Expense Ratio
★★★★
Rating
54,141
Fund Size (in Cr)
11 Years
Fund Age
Mutual Fund SIP Calculator
Monthly Investment
Max: ₹1,00,000
Investment Period
Yrs
Max: 5 yrs
  • Invested Amount
    --
  • Wealth Gained
    --
  • Expected Amount
    --

Scheme Performance

Returns and Ranks ( as on 29 February 2024 )
1Y1Y 3Y3Y 5Y5Y MaxMax
Trailing Returns 21.7% 13.4% 13.9% 13.3%
Category Average 24.6% 14.7% 16.5% -

Scheme Allocation

By Holding
By Sector
By Asset
5.1%
3.93%
3.43%
Others
79.59%
View all Holdings
Holdings Sector Instrument Asset
ICICI Bank Banks Equity 5.1%
TVS Motor Co. Automobile Equity 4.27%
HDFC Bank Banks Equity 3.93%
Maruti Suzuki Automobile Equity 3.67%
Infosys IT - Software Equity 3.43%
St Bk of India Banks Equity 2.22%
Reliance Industr Refineries Equity 2.15%
Larsen & Toubro Infrastructure Developers & Operators Equity 2.13%
ITC Tobacco Products Equity 2.01%
Bharti Airtel Telecomm-Service Equity 2%
NTPC Power Generation & Distribution Equity 1.93%
Avenue Super. Retail Equity 1.9%
Kotak Mah. Bank Banks Equity 1.87%
Hind. Unilever FMCG Equity 1.72%
Bajaj Finance Finance Equity 1.4%
Sun Pharma.Inds. Pharmaceuticals Equity 1.31%
UltraTech Cem. Cement Equity 1.3%
TCS IT - Software Equity 1.25%
Britannia Inds. FMCG Equity 1.12%
Axis Bank Banks Equity 1.08%
M & M Automobile Equity 1.05%
HCL Technologies IT - Software Equity 1.04%
Titan Company Diamond, Gems and Jewellery Equity 0.97%
Cipla Pharmaceuticals Equity 0.95%
Zomato Ltd E-Commerce/App based Aggregator Equity 0.89%
Hindalco Inds. Non Ferrous Metals Equity 0.86%
Samvardh. Mothe. Auto Ancillaries Equity 0.84%
P I Industries Agro Chemicals Equity 0.77%
Tata Steel Steel Equity 0.72%
Interglobe Aviat Air Transport Service Equity 0.72%
Tech Mahindra IT - Software Equity 0.58%
Muthoot Finance Finance Equity 0.49%
O N G C Crude Oil & Natural Gas Equity 0.47%
United Breweries Alcoholic Beverages Equity 0.44%
Container Corpn. Logistics Equity 0.43%
Mankind Pharma Pharmaceuticals Equity 0.43%
Motherson Wiring Auto Ancillaries Equity 0.39%
LIC Housing Fin. Finance Equity 0.38%
Ipca Labs. Pharmaceuticals Equity 0.38%
SBI Life Insuran Insurance Equity 0.36%
SBI Cards Finance Equity 0.35%
Lupin Pharmaceuticals Equity 0.31%
Life Insurance Insurance Equity 0.3%
Power Grid Corpn Power Generation & Distribution Equity 0.3%
Cummins India Capital Goods-Non Electrical Equipment Equity 0.29%
Ambuja Cements Cement Equity 0.28%
B P C L Refineries Equity 0.28%
ICICI Lombard Insurance Equity 0.27%
H P C L Refineries Equity 0.26%
GAIL (India) Gas Distribution Equity 0.25%
Ashok Leyland Automobile Equity 0.25%
Grasim Inds Textiles Equity 0.22%
Voltas Consumer Durables Equity 0.21%
FSN E-Commerce E-Commerce/App based Aggregator Equity 0.19%
Indian Hotels Co Hotels & Restaurants Equity 0.19%
IndusInd Bank Banks Equity 0.19%
Pidilite Inds. Chemicals Equity 0.19%
Kalpataru Proj. Capital Goods - Electrical Equipment Equity 0.18%
Coal India Mining & Mineral products Equity 0.17%
Dr Reddy's Labs Pharmaceuticals Equity 0.17%
Federal Bank Banks Equity 0.16%
Eicher Motors Automobile Equity 0.16%
Cholaman.Inv.&Fn Finance Equity 0.15%
RHI Magnesita Refractories Equity 0.15%
Marico Edible Oil Equity 0.15%
Nazara Technolo. IT - Software Equity 0.13%
Zee Entertainmen Entertainment Equity 0.13%
Apollo Hospitals Healthcare Equity 0.12%
Mphasis IT - Software Equity 0.12%
ACC Cement Equity 0.12%
360 ONE Finance Equity 0.11%
Affle India IT - Software Equity 0.11%
LTIMindtree IT - Software Equity 0.1%
CMS Info Systems Miscellaneous Equity 0.1%
KNR Construct. Construction Equity 0.09%
Asian Paints Paints/Varnish Equity 0.08%
I O C L Refineries Equity 0.08%
Atul Chemicals Equity 0.08%
Siemens Capital Goods - Electrical Equipment Equity 0.07%
Phoenix Mills Realty Equity 0.07%
Sundaram Finance Finance Equity 0.06%
NHPC Ltd Power Generation & Distribution Equity 0.05%
Page Industries Readymade Garments/ Apparells Equity 0.04%
M & M Fin. Serv. Finance Equity 0.04%
Jubilant Food. Quick Service Restaurant Equity 0.03%
NCC Construction Equity 0.03%
Jio Financial Finance Equity 0.03%
Gujarat Gas Gas Distribution Equity 0.02%
J K Cements Cement Equity 0.02%
Info Edg.(India) E-Commerce/App based Aggregator Equity 0.01%
Debt
30.29%
Banks
14.55%
Automobiles
9.14%
IT-Software
6.53%
Diversified FMCG
3.74%
Others
35.75%
View all Sectors
Sectors Asset
Debt 30.29%
Banks 14.55%
Automobiles 9.14%
IT-Software 6.53%
Diversified FMCG 3.74%
Pharmaceuticals & Biotech 3.55%
Finance 3.02%
Retailing 2.99%
Petroleum Products 2.77%
Construction 2.43%
Power 2.29%
Telecom-Services 2%
Cement & Cement Products 1.94%
Consumer Durables 1.25%
Auto Components 1.23%
Transport Services 1.15%
Food Products 1.12%
Insurance 0.93%
Non-Ferrous Metals 0.86%
Fertilisers & Agrochemica 0.77%
Ferrous Metals 0.72%
Oil 0.47%
Industrial Products 0.44%
Beverages 0.44%
Others 0.33%
Gas 0.27%
Chemicals & Petrochemical 0.26%
Entertainment 0.25%
Agricultural, Commercial 0.25%
Leisure Services 0.22%
Consumable Fuels 0.17%
Agricultural Food & other 0.15%
Healthcare Services 0.12%
IT-Services 0.11%
Commercial Services & Sup 0.1%
Electrical Equipments 0.07%
Realty 0.07%
Textiles & Apparels 0.04%
Cash & Others -0.18%
Equity
66.43%
Govt Securities / Sovereign
13.8%
Reverse Repos
6.89%
Non Convertable Debenture
5.49%
REITs
2.89%
Others
4.5%
View all Assets
Assets Asset
Equity 66.43%
Govt Securities / Sovereign 13.8%
Reverse Repos 6.89%
Non Convertable Debenture 5.49%
REITs 2.89%
T-Bills 2.68%
Debt & Others 0.8%
Commercial Paper 0.36%
Derivatives 0.33%
Certificate of Deposit 0.27%
InvITs 0.24%
Net Curr Ass/Net Receivables -0.18%

Advance Ratio

3.93
Alpha
1.44
SD
0.34
Beta
1.38
Sharpe

Exit Load

Exit Load IF units purchased or switched in from another scheme of the Fund are redeemed or switched out up to 30% of the units (the limit) purchased or switched within 1 year from the date of allotment - Nil 1.00% - If units purchased or switched in from another scheme of the Fund are redeemed or switched out in excess of the limit within 1 year from the date of allotment. Nil - If units purchased or switched in from another scheme of the Fund are redeemed or switched out after 1 year from the date of allotment.

Fund Objective

ICICI Prudential Mutual Fund’s newest mutual fund scheme, ICICI Prudential Balanced Advantage-Growth, utilises a Dynamic Asset Allocation investment approach. This fund has been around for 16 years and two months, having been established on November 8th, 2006, and is now managed by Manish Banthia, Ritesh Lunawat, Ihab Dalwai, Sankaran Naren, Rajat Chandak, and Sri Sharma.

The portfolio has a 65.63% allocation to domestic equities, with 53.04% allocated to Large Cap stocks, 4.57% to Mid Cap companies, and 0.55% to Small Cap stocks. The fund has a debt allocation of 23.44%, with 16.75% invested in government securities and 6.16% in low-risk assets.

The returns for the previous year on the ICICI Prudential Balanced Advantage-Growth were 5.50%. Since its inception, investors have seen average yearly returns of 10.90%. Every 7 years, the amount of money that was invested in the fund has increased by a factor of 2. The minimum investment for a lump sum payment is 500 INR, whereas the minimum investment for SIP is 100 INR. There is no lock-in period for the ICICI Prudential Balanced Advantage Fund Direct Plan-Growth.

The objective of the investment strategy is to generate capital appreciation as well as income by investing in stocks and other equity-related securities, such as derivatives, as well as debt and money market instruments. However, there is neither a promise nor a warranty that the investment goal of the Scheme will be attained in any way, shape, or form.

Pros & Cons

Pros Cons

1 year, 3 year, 5 year, 10 year returns higher than category average.

Higher AUM (44633cr) tends to have lower returns in the future.

The average rating of this fund is AAA which is of the highest quality.

How to invest in ICICI Balanced Advantage Fund?

5paisa makes it easy to invest in the ICICI Balanced Advantage fund. Paperwork has been eliminated completely, and the procedure has been simplified. Simply follow the directions outlined below:

What is the expense ratio of the ICICI Balanced Advantage Fund?

For each year that your money is invested in a particular Mutual Fund, the annual fees charged by the Mutual Fund provider to manage your money are expressed as the Expense Ratio. Fund returns are reduced by an amount equal to the Expense Ratio, which is calculated as a percentage of AUM.

A fund with a lower cost ratio is preferred since a smaller percentage of your gains will go toward covering expenses.

Who should invest in ICICI Balanced Advantage Fund?

Investors that are looking for a product that can be traded throughout the year and does not need market timing, and seek to profit from volatility might consider this scheme. It is also recommended for investors who want to take part in stock markets while maintaining a somewhat cautious stance.

What are the benefits of investing in the ICICI Balanced Advantage Fund?

Uses market uncertainty to your advantage

By actively managing the net equity levels based on the premise of buying low and selling high, asset allocation provides investors with the ability to better control market volatility.

Best of both worlds

The scheme makes investments in both equity and debt, providing investors with exposure to both asset classes in a manner that is strategic and tailored to the current market circumstances.

Manages investor behaviour

Since the portfolio is handled dynamically, asset allocation may assist in the management of human emotions such as fear and greed. In this way, investors are protected from making choices that might undermine their long-term financial objectives.

Fund Managers

Sankaran Naren - Investment Team - Fund Manager

Mr Sankaran is in charge of the investment function for the Mutual Fund and International Advisory Business. He graduated from IIT Madras and IIM Kolkata and has worked in the financial services industry in a variety of capacities. In his twelve years as a fund manager, he has managed 29 funds.

Risk-O-Meter

Peer Comparison

Fund Name

AMC Contact Details

ICICI Prudential Mutual Fund
AUM:
6,41,296 Cr
Address:
One BKC, A-Wing, 13th Floor, Bandra Kurla Complex, Mumbai 400051
Contact:
26525000
Email ID:
enquiry@icicipruamc.com

More Funds from ICICI Prudential Mutual Fund

Fund Name

Mutual Funds By Category

Equity

Debt

Hybrid

equity
Large Cap Mutual Funds Large Cap Mutual Funds
Large Cap
Fund Name
Mid Cap Mutual Funds Mid Cap Mutual Funds
Mid Cap
Fund Name
Small Cap Mutual Funds Small Cap Mutual Funds
Small Cap
Fund Name
Multi Cap Funds Multi Cap Funds
Multi Cap
Fund Name
ELSS Mutual Funds ELSS Mutual Funds
ELSS
Fund Name
Dividend Yield Funds Dividend Yield Funds
Dividend Yield
Fund Name
Sectoral / Thematic Mutual Funds Sectoral / Thematic Mutual Funds
Sectoral / Thematic
Fund Name
Focused Funds Focused Funds
Focused
Fund Name
debt
Ultra Short Duration Funds Ultra Short Duration Funds
Ultra Short Duration
Fund Name
Liquid Mutual Funds Liquid Mutual Funds
Liquid
Fund Name
Gilt Mutual Funds Gilt Mutual Funds
Gilt
Fund Name
Long Duration Funds Long Duration Funds
Long Duration
Fund Name
Overnight Mutual Funds Overnight Mutual Funds
Overnight
Fund Name
Floater Mutual Funds Floater Mutual Funds
Floater
Fund Name
hybrid
Arbitrage Mutual Funds Arbitrage Mutual Funds
Arbitrage
Fund Name
Equity Savings Mutual Funds Equity Savings Mutual Funds
Equity Savings
Fund Name
Aggressive Hybrid Mutual Funds Aggressive Hybrid Mutual Funds
Aggressive Hybrid
Fund Name

Frequently Asked Questions

How to invest in ICICI Pru Balanced Advantage Fund – Dir Growth ?

You can invest in ICICI Pru Balanced Advantage Fund – Dir Growth in a quick and simple process. Follow the below steps;
  • Login to your 5paisa account, Go to the Mutual Funds section.
  • Search for ICICI Pru Balanced Advantage Fund – Dir Growth in the search box.
  • Click on "Start SIP" if you wish to do a SIP or click on “One-time” if you wish to invest a lumpsum amount then click on "Invest Now"

What is the NAV of ICICI Pru Balanced Advantage Fund – Dir Growth ?

The NAV of ICICI Pru Balanced Advantage Fund – Dir Growth is ₹70.2 as of 29 February 2024.

How to redeem ICICI Pru Balanced Advantage Fund – Dir Growth holding ?

You can go to your holding on the app and click on the fund name you will get two options Invest More and Redeem; click on redeem and enter the amount or units you desire to redeem or you can tick on “Redeem all units”.

What is the minimum sip amount of ICICI Pru Balanced Advantage Fund – Dir Growth?

The minimum SIP amount of ICICI Pru Balanced Advantage Fund – Dir Growth is ₹100

What are the top sectors ICICI Pru Balanced Advantage Fund – Dir Growth has invested in?

The top sectors ICICI Pru Balanced Advantage Fund – Dir Growth has invested in are
  1. Debt - 30.29%
  2. Banks - 14.55%
  3. Automobiles - 9.14%
  4. IT-Software - 6.53%
  5. Diversified FMCG - 3.74%

Can I make investments in both the SIP and Lump Sum schemes of ICICI Pru Balanced Advantage Fund – Dir Growth?

Yes, You can select both SIP or Lumpsum investment of ICICI Pru Balanced Advantage Fund – Dir Growth based on your investment objective and risk tolerance.

How much returns have ICICI Pru Balanced Advantage Fund – Dir Growth generated ?

The ICICI Pru Balanced Advantage Fund – Dir Growth has delivered 13.3% since inception

What is the expense ratio of ICICI Pru Balanced Advantage Fund – Dir Growth ?

The expense ratio of ICICI Pru Balanced Advantage Fund – Dir Growth is 0.87 % as of 29 February 2024.

What is the AUM of ICICI Pru Balanced Advantage Fund – Dir Growth?

The AUM of ICICI Pru Balanced Advantage Fund – Dir Growth is ₹6,41,296 Cr as of 29 February 2024

What are the top stock holdings of ICICI Pru Balanced Advantage Fund – Dir Growth?

The top stock holdings of ICICI Pru Balanced Advantage Fund – Dir Growth are
  1. ICICI Bank - 5.1%
  2. TVS Motor Co. - 4.27%
  3. HDFC Bank - 3.93%
  4. Maruti Suzuki - 3.67%
  5. Infosys - 3.43%

How can I redeem my investments in ICICI Pru Balanced Advantage Fund – Dir Growth?

Step 1: Visit the fund house's website
Step 2: Log in to your account by adding Folio No. and M-Pin
Step 3: Click on Widhrawal > Redemption
Step 4: Select ICICI Pru Balanced Advantage Fund – Dir Growth in Scheme, enter the redemption amount, and click on submit button.
Invest Now