ICICI Prudential Balanced Advantage Fund Direct Growth
Hybrid
Direct
Dynamic Asset Allocation
NAV as on 17-01-2025
₹ 76.56
▲0.4%
1D
Inception Returns
13.2%
/yr
About 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 Sankaran Naren, Akhil Kakkar, Rajat Chandak, Manish Banthia, Ihab Dalwai. This fund gives you the benefit of diversification.
Key Parameters
- ICICI Prudential Balanced Advantage Fund Direct Growth has ₹60434 Cr worth of assets under management (AUM) as on Nov 2024 and is more than category average.
- The fund has an expense ratio 0.9.
Returns
ICICI Prudential Balanced Advantage Fund Direct Growth has given a CAGR return of 13.15% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 11.31%, 12.00% and 13.01% respectively.
Holdings
ICICI Prudential Balanced Advantage Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Corporate, Financial Services, Consumer Cyclical, Government, Tech, Consumer Defensive, Securitize, Industrial, Basic Materials, Energy, Health, Communication, Utilities, Real Estate.
Taxation
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 benefitGains up to Rs 1 lakh are exempt from taxation (more than 12 months).
Investment objective of ICICI Prudential Balanced Advantage Fund Direct Growth
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 and lockin period
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.
Historical NAV & Returns
INDmoney Rank for ICICI Prudential Balanced Advantage Fund Direct Growth
ICICI Prudential Balanced Advantage Fund Direct Growth Overview
| Expense ratio | 0.91% |
Benchmark | CRISIL Hybrid 50+50 - Moderate TR INR |
| AUM | ₹60434 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹500/₹100 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 64.02% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (17-Jan-25)
Fund Distribution
as on (30-Nov-24)
- AUM of the fund stands at 60.5K Cr as of Dec'24
- AUM has remained same between Dec'24 and Nov'24
Top 3 Sectors in December were Financial Services, Corporate & Consumer Cyclical
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 TVS Motor Co Ltd | 4.36% | 0% | |
 ICICI Bank Ltd | 4.14% | 0% | |
 HDFC Bank Ltd | 4.08% | 0.6% | |
 Maruti Suzuki India Ltd | 3.39% | 0% | |
 Infosys Ltd | 3.34% | 3.1% |
Mutual Fund Insights
ICICI Prudential Balanced Advantage Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹60434 Cr
Expense Ratio 0.91%
Frequently Asked Questions for ICICI Prudential Balanced Advantage Fund Direct Growth
ICICI Prudential Balanced Advantage Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -2.1% | -2.1% |
6 Month Returns | 0.58% | 0.58% |
1 Year Returns | 11.31% | 11.31% |
3 Years Returns | 40.5% | 12% |
5 Years Returns | 84.35% | 13.01% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
AAA | 67.96 |
AA | 28.86 |
A | 3.18 |