ICICI Prudential Balanced Advantage Fund

ICICI Prudential Balanced Advantage Fund was launched on 30 December 2006 as an open-ended scheme. The scheme uses in-house asset allocation to allocate equity investment levels above 65% with dynamic asset allocation.

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Fund in Brief

To provide capital appreciation, the fund has a combined annual portfolio turnover of 4.68 times. Managed by professional experts, the fund provides an average dividend yield of 0.96%. The scheme can be availed by daily, weekly, monthly, or fortnightly SIP or SWP of any amount.  

ICICI Prudential Balanced Advantage Fund Facts 

Scheme Description 

Open-ended dynamic asset allocation fund 

Scheme Options

Growth and IDCW

Purchase Amount 

Rs. 500 (minimum)

Additional Investment 

Rs. 100 (minimum)

Entry load

Not Applicable 

Exit Load 

Up to 10% of the units within one year from the allotment date: Zero 

After one year: 1% of the NAV

Minimum Amount for Redemption 

Any amount 

Investment Horizon - Indicative

More than 3 Years

Systematic Transfer Plan 

Daily: Rs 250, Monthly and Yearly: Rs 1000

Benchmark 

CRISIL Hybrid 50-50 Moderate Index

Investment Objective

The scheme invests in equities and derivatives to hedge the downside risk. 

Derivatives Approach: It uses the derivative approach for hedging or portfolio rebalancing and index strategies as allowed under the SEBI Regulations.   

Asset Allocation: Based on long-term historical means Price to Book value, it aims to increase exposure when valuations are attractive.   

Flexi-Cap: For investing across the large-cap stocks, i.e., business entities with long-term growth potentials. 

A portion of the scheme is also invested in fixed income securities issued by the government, private companies, and public sector undertakings aiming to generate accrual income and capital appreciation. 

People Also Read: ICICI Prudential Nifty Midcap 150 Index Fund

Fund Summary 

The fund has the following options: 

  1. Direct Plan Growth - ICICI Prudential Balanced Advantage Fund 

    CAGR

    13.74%

    NAV (as on 15 Nov 2021)

    Rs 54.23

    AUM

    Rs 36815.96 Cr

    Age

    8 years and 10 months 

  2. Monthly IDCW Payout - ICICI Prudential Balanced Advantage Fund  

    CAGR

    NA

    NAV (as on 15 Nov 2021)

    NA

    AUM

    Rs 36815.96 Cr

    Age

    NA

  3. Growth - ICICI Prudential Balanced Advantage Fund 

    CAGR

    11.38%

    NAV (as on 15 Nov 2021)

    Rs 49.74

    AUM

    Rs 36815.96 Cr

    Age

    14 years and 10 months 

  4. Quarterly IDCW - ICICI Prudential Balanced Advantage Fund 

    CAGR

    10.91%

    NAV (as on 15 Nov 2021)

    Rs 16.73

    AUM

    Rs 36815.96 Cr

    Age

    7 years and 1 months 

  5. Monthly IDCW - ICICI Prudential Balanced Advantage Fund 

    CAGR

    13.23%

    NAV (as on 15 Nov 2021)

    Rs.17.57

    AUM

    Rs.36815.96 Cr

    Age

    8 years and 7 months 

  6. Direct Plan Monthly IDCW - ICICI Prudential Balanced Advantage Fund 

    CAGR

    14.10%

    NAV (as on 15 Nov 2021)

    Rs 20.02

    AUM

    Rs 36815.96 Cr

    Age

    8 years and 7 months 

  7. Direct Plan Quarterly IDCW - ICICI Prudential Balanced Advantage Fund 

    CAGR

    11.10%

    NAV (as on 15 Nov 2021)

    Rs 18.26

    AUM

    Rs 36815.96 Cr

    Age

    7 years and 1 months 

  8. IDCW - ICICI Prudential Balanced Advantage Fund 

    CAGR

    10.18%

    NAV (as on 15 Nov 2021)

    Rs 17.03

    AUM

    Rs 36815.96 Cr

    Age

    14 years and 10 months 

  9. Direct Plan IDCW - ICICI Prudential Balanced Advantage Fund 

    CAGR

    13.65%

    NAV (as on 15 Nov 2021)

    Rs 23.75

    AUM

    Rs 36815.96 Cr

    Age

    8 years and 10 months 

  10. Direct Plan Monthly IDCW - ICICI Prudential Balanced Advantage Fund 

    CAGR

    NA

    NAV (as on 15 Nov 2021)

    NA

    AUM

    Rs 36815.96 Cr

    Age

    NA

Fund Return Summary

The returns of the ICICI Prudential Balanced Advantage Fund-Growth option are reproduced as under:

Time  

CAGR

Current Value of Investment of Rs.10,000/-

1 Year 

27.94%

12,785.73/-

3 Year

14.06%

14,832.38/-

Since Inception 

11.05%

16,899.52/-

*Returns are subject to change. The investment risk in the investment portfolio is borne by the policyholder.

Pros and Cons 

Pros

Cons

Medium Risk 

Not suitable for Short term Goals 

Suitable for Long term Investment 

Subject to market volatility and equity risk

Good Expense Ratio 

Promising Returns

Good risk mitigation strategies in place

Benefits of ICICI Prudential Balanced Advantage Fund

The fund offers the following benefits: 

  • Consistency in Performance: When you look into the fund's performance for the past few years, it can be easily inferred that the fund is capable of providing significant returns over time. 

  • Appropriate Asset Allocation: The fund allocates assets based on market developments and expected returns.

  • Suitable for long-term needs: Over three years, the fund can provide an exponential rate of returns. 

Who Should Invest in the Fund?

The following category of investors should invest in the fund: 

  • Looking to invest in Equity Markets

  • Have a conservative approach

  • Seek the benefit of market volatility

  • Maintain fair equity allocations based on market valuation

In Conclusion

If you wish to invest for more than 5 years, you can expect a fair rate of return on your investment. With the up and downs of the volatile market, returns are expected and probable but not 100% sure. 

As an investor, understand your needs and aspirations. Opt for the plan that suits your requirements and is the most feasible.

FAQ's

  • Q. How will the scheme allocate its assets? 

    A. The asset allocation of the scheme shall be as under:
    Type of Security Maximum Minimum Risk Profile
    Equity & Equity related instruments 100 65 High 
    Debt and Money Market Instruments, including Units of Debt oriented mutual fund schemes 35 0 Low to Medium 
    Preference Shares 10 0 Medium to High 
    Units issued by REITs and InvITs 10 0 Medium to High

  • Q. Who is the manager of the fund? 

    A. Equity: 
    • Mr Sankaran Naren (Managing this fund for 4 years 3 months since July 2017)
    • Mr Rajat Chandak (6 years 1 month since Sept. 2015)
    • Mr Ihab Dalwai (Managing this fund for 3 years 9 months since Jan 2018)
    Debt:
    • Mr Manish Banthia (Managing this fund for 11 years 11 months since Nov 2009)
    • Mr Ritesh Lunawat (Managing this fund for 10 months since Dec 2020)

  • Q. What are the top 10 holdings of the scheme? (as of 30 September 2021)

    A.
    Company  % to NAV
    Government Securities  12.73%
    Index/Future Options 8.95%
    ICICI Bank Ltd 8.10%
    Reliance Industries ltd  5.25%
    CCIL 5.05%
    Axis Bank Ltd  4.72%
    Infosys Ltd 4.66%
    HDFC Bank Ltd  4.25%
    HDFC Ltd 2.74%
    State Bank of India 2.55%
    Total  59.00%

  • Q. What are the sector-wise holdings of the fund?

    A.
    Sector  % to NAV 
    Financial Services 31.08%
    Government Securities  12.73%
    Derivatives 10.19%
    IT  8.18%
    Oil and Gas  8.15%
    Automobile 7.04%
    Consumer Goods  5.25%
    Construction  2.97%
    Pharma 2.90%
    Telecom 2.51%
    Metals 2.48%
    Power 2.45%
    Consumer Services  1.67%
    Cement and Cement products  1.46%
    Chemicals 0.75%
    Media, Entertainment and Publication 0.69%
    Services  0.57%
    Fertilizers and Pesticides 0.45%
    Industrial Manufacturing  0.30%
    Cash, Cash Equivalents, and Net Current Assets  -1.82%
    Total assets  100%

  • Q. How are the earnings from the fund taxable?

    A. Capital gains: 
    • If you sell the mutual fund units after 1 year from the investment date:
      • Gains up to INR 1,00,000 in a financial year are exempt from tax
      • Gains over INR 1,00,000 are taxed at the rate of 10%
    • If you sell the mutual fund units within 1 year from the investment date, the entire amount of gain is taxed at the rate of 15%.
    • No tax is to be paid as long as you continue to hold the units.
    Dividends
    • Dividends are added to the income of the investors and are taxable according to their respective tax slabs.

*All savings are provided by the insurer as per the IRDAI approved insurance plan.
*Tax benefit is subject to changes in tax laws. Standard T&C Apply
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.

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