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NAV as of ( Sep 09, 2022 )
₹ 57.03 0.09 % 1-D Change
You get upto 0.67% extra returns
ET Money Rank
Out of 16
Generated returns consistently
Increased returns for each unit of additional risk
Controlled losses during market corrections
Delivered returns without frequent ups and downs
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|ET Money Rank||2 Out of 16|
|Expense ratio||0.93% As on Jul 31, 2022|
|AUM (Fund Size)||₹ 42,930 Crs|
|Age||9 yrs 8 m Since Jan 01, 2013|
|Benchmark||CRISIL Hybrid 50+50 Moderate Index|
SIP ₹ 100 &
Lumpsum ₹ 500
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Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.
Large Cap 34.64%
Mid Cap 3.33%
Small Cap 0.43%
Other Cap 0%
Reserve Bank of India 5.87%
Vedanta Ltd. 0.71%
ICICI Bank Ltd. 0.65%
Cash & Call Money 12.51%
Cash Margin 22.68%
Net Current Assets 7.75%
GOI Securities 7.49%
Treasury Bills 6.72%
ICICI Prudential Flexible Income Plan - Direct Plan 0.96%
|Fund name||Annual Return %||Consistency||Value Research Rating|
|HDFC Balanced Advantage Fund||13.09%|
|Edelweiss Balanced Advantage Fund||12.43%|
|ICICI Prudential Balanced Advantage Fund||10.86%|
|Aditya Birla Sun Life Asset Allocator FoF||9.92%|
|Franklin India Dynamic Asset Allocation FoF||9.71%|
|IDFC Balanced Advantage Fund||9.61%|
Sign-up for free to compare fund with dynamic asset allocation funds
|Period||Trailing returns||Category average||Rank within category|
|1 month||1.35%||1.62%||10 / 20|
|3 months||7.18%||9.58%||18 / 19|
|6 months||6.96%||6.26%||5 / 19|
|1 year||9.13%||5.68%||3 / 19|
|3 years||14.47%||13.78%||6 / 17|
|5 years||10.86%||9.5%||3 / 14|
Level of Risk in the Scheme
Investors understand that their principal will be at High risk
HYBRID DYNAMIC ASSET ALLOCATION
The scheme seeks to provide capital appreciation and income distribution to the investors by using equity derivatives strategies, arbitrage opportunities and pure equity investments.
Mr. Banthia is B.Com, CA and MBA
He is associated with ICICI Prudential Asset Management Company since Oct 2005, ICICI Prudential AMC - Fixed Income Investments - Aug 2007 to Oct 2009, ICICI Prudential AMC - New Product Development - Oct 2005 to Jul 2007, Aditya Birla Nuvo Ltd. - From May 2005 to Oct 2005, Aditya Birla Management Corporation Ltd. - From May 2004 to May 2005.
Mr. Naren is a B.Tech from IIT Chennai and MBA (Finance)from IIM Kolkata.
Prior to joining ICICI Prudential AMC he has worked with Refco Sify Securities India Pvt. Ltd., HDFC Securities Ltd. and Yoha Securities.
Mr. Dalwai is a Chartered Accountant.
He is associated with ICICI Prudential AMC since April 2011.
Mr. Lunawat is B.Com and Chartered Accountant.
He has been Working with ICICI Prudential AMC Since September 2013.
Mr. Chandak is a B.Com (H) and MBA.
He has been associated with ICICI Prudential AMC since 2008.
As on Jun 30, 2022
The ICICI Prudential Balanced Advantage Fund is a 9 yrs 8 m old fund and has delivered average annual returns of 13.02% since inception.
NAV or Net Asset Value is the per-unit price of the Mutual Fund. The NAV of a Mutual Fund changes every day. It is calculated by taking the current value of the holdings of the fund at end of the day, subtracting the expenses, and dividing the value by the number of units issued to date.
The NAV of ICICI Prudential Balanced Advantage Fund for Sep 09, 2022 is 57.03 .
ICICI Prudential Balanced Advantage Fund has an ET Money Rank of # 2 of 16 and a consistency rating of 3 .
This indicates the fund has generated solid returns, however, the consistency at which it generates returns is not so great. If you won't get restless during periods of low returns, you can go for this fund.
On ET Money, Investing in ICICI Prudential Balanced Advantage Fund is fast, easy, and 100% paperless. And it takes only minutes. Here is what you need to do -
The Expense Ratio of a Mutual Fund is the annual charges you pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio is a percentage of Assets Under Management (AUM) and is taken from the returns generated by the fund. For this reason, a fund with a lower expense ratio is always better because a smaller part of the returns will be taken and that means more returns for you.
The Expense Ratio of the direct plan of ICICI Prudential Balanced Advantage Fund is 0.93%. .
Redeeming your investments in ICICI Prudential Balanced Advantage Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.
If you have invested in ICICI Prudential Balanced Advantage Fund from anywhere else, you can go to the fund house website and put a request through it.
AUM or Asset Under Management is the total value of the assets held by a Mutual Fund scheme. For instance, for an equity Mutual Fund, the AUM will be the total value of its portfolio's equity shares (plus any other asset it might have invested in). The AUM of the fund changes every day because the price of the underlying asset fluctuates daily. However, the Mutual Fund company doesn't update it every day. It is updated only at the end of the month and released within few days of the next month.
The AUM of the fund is a good indicator of its popularity. A fund with a high AUM means a lot of money has been invested in it, and investors like it. However, the AUM should never be the primary criteria while selecting a fund. There are funds with huge AUMs that continue to perform well despite their size.
The AUM of ICICI Prudential Balanced Advantage Fund is ₹42,930 Crs.
The ICICI Prudential Balanced Advantage Fund's equity portion has been invested in the stocks of the following companies
|Company||Percentage of Portfolio|
|Reliance Industries Ltd.||5.92%|
|ICICI Bank Ltd.||4.86%|
|HDFC Bank Ltd.||3.59%|
|Bharti Airtel Ltd.||3.01%|
|State Bank of India||2.44%|
|Mahindra & Mahindra Ltd.||2.26%|
|Housing Development Finance Corpn. Ltd.||2.17%|
|TVS Motor Co. Ltd.||2.09%|
|Axis Bank Ltd.||1.96%|
The ICICI Prudential Balanced Advantage Fund's equity portion is primarily invested in the following sectors -
|Sector||Percentage of Portfolio|
|Metals & Mining||1.68%|
The credit rating of the instruments in which the fund invests represents the quality of the borrower.The ICICI Prudential Balanced Advantage Fund's debt portion's allocation by credit quality is given below
|Credit Quality||Percentage of Portfolio|
|Cash & Call Money||12.51%|
The top 3 debt holdings of ICICI Prudential Balanced Advantage Fund are as follows
|Holding Name||Percentage of Portfolio|
|Reserve Bank of India||5.87%|