Overview
ICICI Prudential Balanced Advantage Direct Growth
ICICI Prudential Mutual Fund
The scheme seeks to provide capital appreciation and income distribution to the investors by using equity derivatives strategies, arbitrage opportunities and pure equity investments.
Investments in ICICI Prudential Balanced Advantage Direct Growth are subject to market risks. Please read the offer document carefully before investing to understand the potential market risks and rewards.
Latest NAV
₹ 79.3
Fund Size (AUM)
₹60591.13 Cr
Risk
Very High (Risk rating: 6/10)
Minimum Investment
Lumpsum: ₹ 500
SIP: ₹100
Launch Date
31-Dec-2012
Expense Ratio
0.92%
Exit Load
Exit Load for units in excess of 30% of the investment,1% will be charged for redemption within 1 year.
Benchmark
CRISIL Hybrid 50+50 Moderate Index
Standard Deviation
5.7
History
Performance & Ratios
1-Year SIP Return
6.74%
3-Year SIP Return
13.44%
5-Year SIP Return
13.83%
Mean Return
9.24%
Alpha
3.22
Beta
0.52
Sharpe Ratio
1.03
Sortino Ratio
1.83
Information Ratio
0.15
Returns
| 1Y | 3Y | 5Y | All Time | |
|---|---|---|---|---|
| Fund Returns | 11.47% | 13.24% | 18.15% | 13.36% |
| Category Average | 7.8% | 11.08% | 14.77% | N/A |
| Rank Within Category | 11 | 9 | 4 | N/A |
Holdings (232)
| Company | Sector | Instrument | Assets |
|---|---|---|---|
| TVS Motor Company Ltd. | Automobile | Equity | 4.49% |
| HDFC Bank Ltd. | Financial | Equity | 4.48% |
| ICICI Bank Ltd. | Financial | Equity | 4.45% |
| Maruti Suzuki India Ltd. | Automobile | Equity | 3.36% |
| Reliance Industries Ltd. | Energy | Equity | 3.13% |
| Infosys Ltd. | Technology | Equity | 3.13% |
| Larsen & Toubro Ltd. | Construction | Equity | 2.65% |
| Bharti Airtel Ltd. | Communication | Equity | 2.39% |
| Embassy Office Parks REIT | Construction | REITs | 2.22% |
| Axis Bank Ltd. | Financial | Equity | 2.21% |
Holdings Analysis
Peer Comparison
Peer Comparison
| Fund Name | AUM (₹ Cr) | 1Y Return (%) | 3Y Return (%) | Expense Ratio (%) | Rating |
|---|---|---|---|---|---|
| HDFC Balanced Advantage Fund Direct Growth | 94824.34 | 10.74 | 19.79 | 0.88 | N/A |
| Baroda BNP Paribas Balanced Advantage Fund Direct Growth | 4073.23 | 9.95 | 14.24 | 0.77 | N/A |
| SBI Balanced Advantage Fund Direct Growth | 34015.41 | 9.04 | 13.96 | 0.71 | N/A |
| ICICI Prudential Balanced Advantage Direct Growth | 60591.13 | 11.47 | 13.24 | 0.92 | N/A |
| Tata Balanced Advantage Fund Direct Growth | 10075.2 | 7.56 | 12.03 | 0.36 | N/A |
SIP, STP & SWP Details
Systematic Investment Plan (SIP):
Frequency: Monthly
Min Amount: ₹ 100
Multiplier: 1
Systematic Transfer Plan (STP):
Frequency: MONTHLY
Dates: Any day of the month
Min Amount: ₹ 1000
Min Installments: 6
Systematic Withdrawal Plan (SWP):
Frequency: MONTHLY
Dates: Any day of the month
Min Amount: ₹ 1
Min Installments: 2
AMC Details
Asset Management Company
ICICI Prudential Mutual Fund
ICICI Prudential Mutual Fund started their mutual fund on 13/10/1993 and its managing total assets of ₹2,79,369 Cr. Its ranked at 1 as per total assets at end of 30th Sep 2017. ICICI Prudential Mutual Fund employs robust strategies to manage market risks, but investments remain subject to market risks. Please read the fund’s documentation for detailed risk management policies.
ICICI Prudential is one of the most popular mutual fund investment companies in India.
It is the second largest asset management company (AMC) in the country (as per average assets under management as on 31 December 2018 of Rs. 316,029 Crores
ICICI Prudential AMC's plans to bridge the gap between savings & investments to help create long term wealth & value for investors through innovation, consistency & sustained risk adjusted performance. Invest in ICICI Prudential mutual fund schemes at your convenience and fulfill your long term & short term financial goals. Choose from an array of schemes according to your financial needs and investment objectives. Invest today a lump sum amount or start a systematic investment plan (SIP).
Launch Date
1993-10-12T00:00:00.340Z
Total AUM
₹ 879337.25 Cr
Address
One BKC , A Wing ,13th Floor, Bandra Kurla Complex, Mumbai 400051
Phone
None
Website
Sub Type
Contra
Sub Type Info
Contra funds follow Contrarian strategy which means investing in stocks in contrast to the prevailing sentiment. Minimum investment in equity is 65%.
Tax Impact
Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.
Stamp Duty
0.005% (from July 1st, 2020)
Fund Manager Details
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ICICI Prudential Balanced Advantage Direct Growth
ICICI Prudential Mutual Fund
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Frequently Asked Questions
How is the overall rating calculated?
The overall rating for ICICI Prudential Balanced Advantage Direct Growth is an aggregate score based on performance metrics (returns over 1, 3, and 5 years), risk-adjusted returns (Sharpe and Sortino ratios), and consistency relative to its category. Ratings are on a scale of 1 to 5, with 5 being the highest.
What are the top stocks of ICICI Prudential Balanced Advantage Direct Growth?
The top stocks held by ICICI Prudential Balanced Advantage Direct Growth include TVS Motor Company Ltd., HDFC Bank Ltd., ICICI Bank Ltd..
Which industries does ICICI Prudential Balanced Advantage Direct Growth invest in?
ICICI Prudential Balanced Advantage Direct Growth primarily invests in the following industries: Automobile, Financial, Energy.
Who are the fund managers of ICICI Prudential Balanced Advantage Direct Growth?
The fund managers of ICICI Prudential Balanced Advantage Direct Growth are Sankaran Naren and Rajat Chandak and Manish Banthia and Ihab Dalwai and Akhil Kakkar and Sri Sharma and Sharmila D'mello.
How many years has the fund manager been managing ICICI Prudential Balanced Advantage Direct Growth?
Sankaran Naren:
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Rajat Chandak:
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Manish Banthia:
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Ihab Dalwai:
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Akhil Kakkar:
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Sri Sharma:
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Sharmila D'mello:
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What is the minimum investment for ICICI Prudential Balanced Advantage Direct Growth?
The minimum investment for ICICI Prudential Balanced Advantage Direct Growth is ₹500 for lumpsum investments and ₹100 for SIPs.
What are the average 1-year returns for ICICI Prudential Balanced Advantage Direct Growth?
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What are the average 3-year returns for ICICI Prudential Balanced Advantage Direct Growth?
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What is the expense ratio of ICICI Prudential Balanced Advantage Direct Growth, and how does it compare to its category?
The expense ratio of ICICI Prudential Balanced Advantage Direct Growth is 0.92%. The average expense ratio for similar funds in the Hybrid is Calculating....