ICICI Pru Balanced Advantage Fund – Dir Growth

₹ 100
Min SIP
₹ 500
Min Lumpsum
0.87 %
Expense Ratio
★★★★
Rating
55,229
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 18 March 2024 )
1Y1Y 3Y3Y 5Y5Y MaxMax
Trailing Returns 23.1% 13.3% 13.3% 13.3%
Category Average 27.9% 15.3% 15.2% -

Scheme Allocation

By Holding
By Sector
By Asset
4.69%
3.62%
3.58%
Others
80.11%
View all Holdings
Holdings Sector Instrument Asset
ICICI Bank Banks Equity 4.69%
TVS Motor Co. Automobile Equity 4.55%
HDFC Bank Banks Equity 3.62%
Infosys IT - Software Equity 3.58%
Maruti Suzuki Automobile Equity 3.45%
Reliance Industr Refineries Equity 2.45%
Larsen & Toubro Infrastructure Developers & Operators Equity 2.36%
St Bk of India Banks Equity 2.04%
Avenue Super. Retail Equity 1.93%
Bharti Airtel Telecomm-Service Equity 1.89%
ITC Tobacco Products Equity 1.82%
Hind. Unilever FMCG Equity 1.76%
Kotak Mah. Bank Banks Equity 1.64%
NTPC Power Generation & Distribution Equity 1.58%
TCS IT - Software Equity 1.43%
Sun Pharma.Inds. Pharmaceuticals Equity 1.42%
Bajaj Finance Finance Equity 1.3%
Axis Bank Banks Equity 1.26%
UltraTech Cem. Cement Equity 1.24%
M & M Automobile Equity 1.23%
HCL Technologies IT - Software Equity 1.07%
Britannia Inds. FMCG Equity 1.05%
Cipla Pharmaceuticals Equity 0.99%
Titan Company Diamond, Gems and Jewellery Equity 0.96%
Zomato Ltd E-Commerce/App based Aggregator Equity 0.94%
Hindalco Inds. Non Ferrous Metals Equity 0.89%
P I Industries Agro Chemicals Equity 0.82%
Samvardh. Mothe. Auto Ancillaries Equity 0.8%
Interglobe Aviat Air Transport Service Equity 0.69%
Tata Steel Steel Equity 0.68%
Tech Mahindra IT - Software Equity 0.61%
Container Corpn. Logistics Equity 0.49%
Muthoot Finance Finance Equity 0.45%
Mankind Pharma Pharmaceuticals Equity 0.45%
Motherson Wiring Auto Ancillaries Equity 0.42%
United Breweries Alcoholic Beverages Equity 0.4%
Ipca Labs. Pharmaceuticals Equity 0.4%
SBI Life Insuran Insurance Equity 0.39%
LIC Housing Fin. Finance Equity 0.39%
O N G C Crude Oil & Natural Gas Equity 0.39%
SBI Cards Finance Equity 0.35%
Power Grid Corpn Power Generation & Distribution Equity 0.32%
Cummins India Capital Goods-Non Electrical Equipment Equity 0.31%
ICICI Lombard Insurance Equity 0.3%
Ambuja Cements Cement Equity 0.3%
Life Insurance Insurance Equity 0.28%
H P C L Refineries Equity 0.28%
Lupin Pharmaceuticals Equity 0.28%
Indian Hotels Co Hotels & Restaurants Equity 0.26%
GAIL (India) Gas Distribution Equity 0.26%
Ashok Leyland Automobile Equity 0.23%
B P C L Refineries Equity 0.23%
Grasim Inds Textiles Equity 0.22%
Kalpataru Proj. Capital Goods - Electrical Equipment Equity 0.21%
Voltas Consumer Durables Equity 0.2%
Pidilite Inds. Chemicals Equity 0.2%
FSN E-Commerce E-Commerce/App based Aggregator Equity 0.18%
IndusInd Bank Banks Equity 0.18%
Dr Reddy's Labs Pharmaceuticals Equity 0.18%
Federal Bank Banks Equity 0.16%
Eicher Motors Automobile Equity 0.16%
Marico Edible Oil Equity 0.14%
Cholaman.Inv.&Fn Finance Equity 0.14%
Coal India Mining & Mineral products Equity 0.13%
360 ONE Finance Equity 0.13%
Mphasis IT - Software Equity 0.12%
RHI Magnesita Refractories Equity 0.12%
ACC Cement Equity 0.12%
Apollo Hospitals Healthcare Equity 0.12%
Nazara Technolo. IT - Software Equity 0.11%
CMS Info Systems Miscellaneous Equity 0.1%
LTIMindtree IT - Software Equity 0.1%
Affle India IT - Software Equity 0.09%
I O C L Refineries Equity 0.09%
KNR Construct. Construction Equity 0.09%
Page Industries Readymade Garments/ Apparells Equity 0.09%
Siemens Capital Goods - Electrical Equipment Equity 0.08%
Asian Paints Paints/Varnish Equity 0.08%
Phoenix Mills Realty Equity 0.07%
Aurobindo Pharma Pharmaceuticals Equity 0.07%
Atul Chemicals Equity 0.07%
M & M Fin. Serv. Finance Equity 0.03%
Jubilant Food. Quick Service Restaurant Equity 0.03%
Sundaram Finance Finance Equity 0.02%
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%
Grasim Inds PP Textiles Equity 0%
Debt
28.37%
Banks
13.6%
Automobiles
9.39%
IT-Software
6.89%
Pharmaceuticals & Biotech
3.78%
Others
37.96%
View all Sectors
Sectors Asset
Debt 28.37%
Banks 13.6%
Automobiles 9.39%
IT-Software 6.89%
Pharmaceuticals & Biotech 3.78%
Diversified FMCG 3.58%
Retailing 3.06%
Petroleum Products 3.05%
Finance 2.81%
Construction 2.66%
Cash & Others 2.27%
Power 1.9%
Cement & Cement Products 1.9%
Telecom-Services 1.89%
Consumer Durables 1.24%
Auto Components 1.22%
Transport Services 1.19%
Food Products 1.05%
Insurance 0.97%
Non-Ferrous Metals 0.89%
Fertilisers & Agrochemica 0.82%
Ferrous Metals 0.68%
Others 0.45%
Industrial Products 0.43%
Beverages 0.4%
Oil 0.39%
Leisure Services 0.29%
Gas 0.28%
Chemicals & Petrochemical 0.27%
Agricultural, Commercial 0.23%
Agricultural Food & other 0.14%
Consumable Fuels 0.13%
Healthcare Services 0.12%
Entertainment 0.11%
Commercial Services & Sup 0.1%
IT-Services 0.09%
Textiles & Apparels 0.09%
Electrical Equipments 0.08%
Realty 0.07%
Equity
65.8%
Govt Securities / Sovereign
13.36%
Non Convertable Debenture
6.1%
Reverse Repos
4.3%
T-Bills
3.09%
Others
7.34%
View all Assets
Assets Asset
Equity 65.8%
Govt Securities / Sovereign 13.36%
Non Convertable Debenture 6.1%
Reverse Repos 4.3%
T-Bills 3.09%
REITs 2.81%
Net Curr Ass/Net Receivables 2.27%
Debt & Others 0.76%
Commercial Paper 0.49%
Derivatives 0.45%
InvITs 0.3%
Certificate of Deposit 0.27%

Advance Ratio

3.8
Alpha
1.33
SD
0.33
Beta
1.32
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

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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 18 March 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 - 28.37%
  2. Banks - 13.6%
  3. Automobiles - 9.39%
  4. IT-Software - 6.89%
  5. Pharmaceuticals & Biotech - 3.78%

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 18 March 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 18 March 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 - 4.69%
  2. TVS Motor Co. - 4.55%
  3. HDFC Bank - 3.62%
  4. Infosys - 3.58%
  5. Maruti Suzuki - 3.45%

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