|Infosys||IT - Software||Equity||3.85%|
|TVS Motor Co.||Automobile||Equity||3.24%|
|St Bk of India||Banks||Equity||2.02%|
|Larsen & Toubro||Infrastructure Developers & Operators||Equity||1.85%|
|NTPC||Power Generation & Distribution||Equity||1.79%|
|TCS||IT - Software||Equity||1.32%|
|Kotak Mah. Bank||Banks||Equity||1.28%|
|Samvardh. Mothe.||Auto Ancillaries||Equity||1.24%|
|M & M||Automobile||Equity||1.1%|
|HCL Technologies||IT - Software||Equity||1.04%|
|Titan Company||Diamond, Gems and Jewellery||Equity||0.98%|
|O N G C||Crude Oil & Natural Gas||Equity||0.9%|
|Hindalco Inds.||Non Ferrous Metals||Equity||0.71%|
|Interglobe Aviat||Air Transport Service||Equity||0.68%|
|Bank of Baroda||Banks||Equity||0.67%|
|P I Industries||Agro Chemicals||Equity||0.6%|
|Tech Mahindra||IT - Software||Equity||0.58%|
|Zomato Ltd||E-Commerce/App based Aggregator||Equity||0.52%|
|United Breweries||Alcoholic Beverages||Equity||0.5%|
|SBI Life Insuran||Insurance||Equity||0.46%|
|Motherson Wiring||Auto Ancillaries||Equity||0.41%|
|Jubilant Food.||Quick Service Restaurant||Equity||0.41%|
|Wipro||IT - Software||Equity||0.38%|
|B P C L||Refineries||Equity||0.37%|
|M & M Fin. Serv.||Finance||Equity||0.35%|
|FSN E-Commerce||E-Commerce/App based Aggregator||Equity||0.34%|
|LIC Housing Fin.||Finance||Equity||0.27%|
|Coal India||Mining & Mineral products||Equity||0.25%|
|Power Grid Corpn||Power Generation & Distribution||Equity||0.25%|
|GAIL (India)||Gas Distribution||Equity||0.19%|
|Indian Hotels Co||Hotels & Restaurants||Equity||0.18%|
|Kalpataru Proj.||Capital Goods - Electrical Equipment||Equity||0.16%|
|H P C L||Refineries||Equity||0.14%|
|Mphasis||IT - Software||Equity||0.14%|
|Nazara Technolo.||IT - Software||Equity||0.12%|
|Cummins India||Capital Goods-Non Electrical Equipment||Equity||0.12%|
|LTIMindtree||IT - Software||Equity||0.11%|
|CMS Info Systems||Miscellaneous||Equity||0.1%|
|Affle India||IT - Software||Equity||0.1%|
|I O C L||Refineries||Equity||0.05%|
|Page Industries||Readymade Garments/ Apparells||Equity||0.05%|
|NHPC Ltd||Power Generation & Distribution||Equity||0.05%|
|Gujarat Gas||Gas Distribution||Equity||0.02%|
|Oil India||Crude Oil & Natural Gas||Equity||0.01%|
|Pharmaceuticals & Biotech||2.81%|
|Cement & Cement Products||1.58%|
|Fertilisers & Agrochemica||0.6%|
|Agricultural Food & other||0.16%|
|Chemicals & Petrochemical||0.09%|
|Textiles & Apparels||0.05%|
|Cash & Others||-0.76%|
|Govt Securities / Sovereign||12.99%|
|Non Convertable Debenture||4.71%|
|Net Curr Ass/Net Receivables||2.01%|
|Certificate of Deposit||0.88%|
|Debt & Others||0.37%|
|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.|
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
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.
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.
- Fund Name
- Fund Size
- 3Y Returns
- HDFC Balanced Advantage Fund – Direct Growth
28.5%Fund Size - 61,598
30.8%Fund Size - 61,598
16.8%Fund Size - 61,598
- Edelweiss Balanced Advantage Fund – Dir Growth
15%Fund Size - 9,394
16.6%Fund Size - 9,394
13.6%Fund Size - 9,394
- Aditya Birla SL Balanced Advantage Fund-Dir Growth
15.1%Fund Size - 6,794
16.2%Fund Size - 6,794
11.9%Fund Size - 6,794
- Nippon India Balanced Advantage Fund – Direct Growth
13.7%Fund Size - 6,956
16%Fund Size - 6,956
11.7%Fund Size - 6,956
- Invesco India Balanced Advantage Fund-Direct Growth
16.1%Fund Size - 621
13.8%Fund Size - 621
9.9%Fund Size - 621
Frequently Asked Questions
How to invest in ICICI Pru Balanced Advantage Fund – Dir Growth ?
- 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 ?
How to redeem ICICI Pru Balanced Advantage Fund – Dir Growth holding ?
What is the minimum sip amount of ICICI Pru Balanced Advantage Fund – Dir Growth?
What are the top sectors ICICI Pru Balanced Advantage Fund – Dir Growth has invested in?
- Debt - 31.2%
- Banks - 16.73%
- Automobiles - 7.31%
- IT-Software - 6.92%
- Petroleum Products - 3.61%
Can I make investments in both the SIP and Lump Sum schemes of ICICI Pru Balanced Advantage Fund – Dir Growth?
How much returns have ICICI Pru Balanced Advantage Fund – Dir Growth generated ?
What is the expense ratio of ICICI Pru Balanced Advantage Fund – Dir Growth ?
What is the AUM of ICICI Pru Balanced Advantage Fund – Dir Growth?
What are the top stock holdings of ICICI Pru Balanced Advantage Fund – Dir Growth?
How can I redeem my investments in ICICI Pru Balanced Advantage Fund – Dir Growth?
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.