ICICI Prudential Balanced Advantage Fund Direct Growth

ICICI Prudential Balanced Advantage Fund Direct Growth is a hybrid fund. This fund was started on 1 January, 2013. The fund is managed by Manish Banthia, Sankaran Naren, Ritesh Lunawat, Rajat Chandak, Ihab Dalwai. This fund gives you the benefit of diversification.

1. ICICI Prudential Balanced Advantage Fund Direct Growth has ₹60545 Cr worth of assets under management (AUM) as on Oct 2024 and is more than category average.
2. The fund has an expense ratio 0.9.
   

ICICI Prudential Balanced Advantage Fund Direct Growth has given a CAGR return of 13.36% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 18.99%, 12.14% and 13.65% respectively.

ICICI Prudential Balanced Advantage Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Corporate, Government, Consumer Defensive, Tech, Industrial, Basic Materials, Securitize, Energy, Health, Utilities, Communication, Real Estate.

As it is a dynamic asset allocation mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

To provide capital appreciation/income by investing in equity and equity related instruments including derivatives and debt and money market instruments. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 100.00. ICICI Prudential Balanced Advantage Fund Direct Growth has no lock in period.