3 Year return

13.57%
Launched on January 2013 (11 years)

Investment Details

₹100

Minimum SIP Amount

₹500

Minimum one time investment

Fund has no lock-in period

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Risk Involved

scale

Your principal will be at

High Risk

Scheme Information

Asset Under Management

₹56709.02 Cr.

Expense Ratio

0.86% (inclusive of GST)

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.

Ratings

ARQ Rating
5

Ratings by other agencies

4
0
4

Tax Implications

Withdrawal within 1 year

Exit load + 15% tax on gains

Withdrawal after 1 year

10% tax on gains over ₹1 Lakh per financial year

Fund Holdings

Holdings

ICICI Prudential Mutual Fund Managers

SN

Sankaran Naren

Fund Manager since Apr 2022

Fund House Details

ICICI Prudential Mutual Fund

ICICI Prudential Mutual Fund Asset management company

AUM ₹711,553.09 Cr.
No. of Schemes 296
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by ICICI Prudential Mutual Fund

List of mutual fund schemes by AMC

About ICICI Prudential Balanced Advantage Fund Direct Plan Growth

The ICICI Prudential Balanced Advantage Fund Direct Plan — Growth is an open-ended scheme offered by ICICI Prudential Mutual Fund. It follows the dynamic asset allocation strategy, where the mix of assets in the fund’s portfolio is frequently adjusted as per prevailing market conditions. Since it contains both equity and debt components in its portfolio, it is categorised as a balanced fund. The minimum required equity allocation is 65% of the fund’s net assets, while the rest of the fund is invested across debt and money market instruments, preference shares, and units of REIT/InvIT.

Investment Objective of the Scheme

ICICI Prudential Balanced Advantage Fund Direct Plan Growth aims to use equity derivatives strategies and tap into the potential of pure equity assets and arbitrage opportunities to give investors the benefit of capital appreciation and periodic income.

Key Features of The Fund

5-year return 13.57%
Expense Ratio 0.86%
Fund Manager Sankaran Naren
Fund Size ₹56709.02 Cr
Risk Profile High

Is This Scheme Right for Me?

If you want to improve the chances of your portfolio benefiting from different phases of the market cycle, this mutual fund scheme could be a suitable option for you. Since the fund is open-ended and offers customisable SIPs and SWPs, it may also be suitable for you if you want to ensure that your portfolio is significantly tailored to your specific financial situation. However, it carries a high level of risk, which may be slightly offset by the inclusion of debt instruments. So, make sure that you are aware of the risks before choosing this fund.

AMC Contact Details

Name ICICI Prudential Mutual Fund
Launch Date June 1993
Addresss One BKC 13th Floor, Bandra Kurla Complex, Bandra, Mumbai – 400 051
Contact 18002006000 91 22 2652 5000
Email enquiry@icicipruamc.com
Website https://www.icicipruamc.com/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

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FAQs

What is today's NAV of ICICI Prudential Balanced Advantage Fund?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of ICICI Prudential Balanced Advantage Fund May 23 2024 is 72.96

What is the AUM of ICICI Prudential Balanced Advantage Fund?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of ICICI Prudential Balanced Advantage Fund is 56709.02 crore.

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

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of ICICI Prudential Balanced Advantage Fund is 0.86%

What are the returns of ICICI Prudential Balanced Advantage Fund since inception?

The ICICI Prudential Balanced Advantage Fund was launched on Jan 01 2013. The fund has delivered a CAGR of 13.34 since inception.

What is the minimum SIP amount to invest in ICICI Prudential Balanced Advantage Fund?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for ICICI Prudential Balanced Advantage Fund is 100.

How do I invest in ICICI Prudential Balanced Advantage Fund?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in ICICI Prudential Balanced Advantage Fund?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in ICICI Prudential Balanced Advantage Fund?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in ICICI Prudential Balanced Advantage Fund?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.