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ICICI Prudential Balanced Advantage Fund - Direct Plan

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Hybrid: Dynamic Asset Allocation

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1 Lakh

Investment Grown to
₹ 1.53 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.72 Lakh

Suitability:

"When you invest for five years or more, you can expect gains that beat the inflation rate as well as returns from fixed income options. But be prepared for ups and downs in your investment value along the way.

Dynamic Asset Allocation or Balanced Advantage funds invest your money in equity shares and bonds though their proportions are not fixed. The fund management team may increase of decrease the allocation to equity shares depending upon their market outlook.

These funds tend to fall less than pure equity funds when the stock markets decline because of their debt allocation. This makes them suitable for conservative equity investors.

Like for all equity-linked investments, you must invest only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other balanced hybrid fund, if you need to redeem your investment in less than five years."

Taxability of earnings:

The tax treatment of this fund may vary depending upon its asset allocation. It will be taxed in the following manner based on its average asset allocation in the last 12 months.

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
cal
cal

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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 16.30 0.07 -0.48 2.09 6.15 12.31 27.94 15.28 12.01 12.16 --
VR Balanced TRI 26.60 -0.30 -1.07 2.83 12.98 23.15 45.62 20.01 15.47 12.75 --
Hybrid: Dynamic Asset Allocation 17.31 -0.17 -0.92 1.42 6.11 13.87 28.26 13.78 10.46 10.39 --
Rank within category 14 2 6 4 11 16 12 7 2 2 --
Number of funds in category 25 27 27 27 26 26 25 17 12 10 0

As on 22-Oct-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
ICICI Prudential Balanced Advantage Fund - Direct Plan  | Invest Now
4 star
 Jan-13 27.94 15.28 12.01 1.00% 35,737
Kotak Balanced Advantage Fund - Direct Plan  | Invest Online
5 star
 Aug-18 23.36 15.83 -- 0.46% 11,286
Edelweiss Balanced Advantage Fund - Direct Plan  | Invest Online
5 star
 Jan-13 35.63 19.92 14.88 0.42% 5,845
Aditya Birla Sun Life Balanced Advantage Fund - Direct Plan  | Invest Online
4 star
 Jan-13 31.49 15.34 11.73 0.61% 5,485
Nippon India Balanced Advantage Fund - Direct Plan  | Invest Online
4 star
 Jan-13 31.31 15.02 12.01 0.61% 4,799

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 7.58 01-Apr-2020 - 09-Apr-2020 -13.51 11-Mar-2020 - 18-Mar-2020
Month 14.83 23-Mar-2020 - 22-Apr-2020 -26.73 20-Feb-2020 - 23-Mar-2020
Quarter 26.16 23-Mar-2020 - 22-Jun-2020 -26.03 23-Dec-2019 - 23-Mar-2020
Year 58.75 23-Mar-2020 - 23-Mar-2021 -19.43 22-Mar-2019 - 23-Mar-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 14.13 13.97 0.73 0.73 0.74 0.17
VR Balanced TRI 17.41 18.03 0.75 0.87 -- --
Hybrid: Dynamic Asset Allocation 12.65 12.25 0.71 0.77 0.62 0.41
Rank within category 6 15 10 11 15 11
Number of funds in category 17 17 17 17 17 17

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 30-Sep-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 72
Top 10 Holdings (%) 33.31
Top 5 Holdings (%) 22.77
Top 3 Sectors (%) 22.23
Portfolio P/B Ratio 3.04
Portfolio P/E Ratio 25.08
Avg Credit Rating AAA

Value Research Equity Fund Style

Value Research Debt Fund Style

Credit Rating vis-à-vis Category

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Top Debt Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 8.75% Axis Bank Additional Tier 1 Bond AA+ 1.27 - 2.68 3.23
down 6.64% GOI 16/06/2035 GOI Securities SOV 0.00 - 3.45 1.94
equal Reserve Bank of India 364-D 25/11/2021 Treasury Bills SOV 0.00 - 1.77 1.73
equal GOI 22/09/2033 GOI Securities Floating Rate Bond SOV 0.00 - 1.85 1.71
equal 9.20% ICICI Bank Additional Tier 1 Bond AA+ 1.30 - 1.82 1.30
equal Reserve Bank of India 91-D 28/10/2021 Treasury Bills SOV 0.00 - 1.28 1.24
equal Reserve Bank of India 182-D 04/11/2021 Treasury Bills SOV 0.00 - 1.26 1.23
equal Reserve Bank of India 364-D 04/11/2021 Treasury Bills SOV 0.00 - 0.86 0.84
equal 9.15% ICICI Bank Additional Tier 1 Bond AA+ 0.77 - 1.06 0.77
equal 9.50% Nirma Perpetual Bond AA- 0.75 - 1.01 0.75
equal Embassy Office Parks REIT 2022 Zero Coupon Bonds AAA 0.73 - 0.95 0.73
equal 7.19% Uttar Pradesh State 2031 State Development Loan SOV 0.00 - 0.84 0.72
equal Reserve Bank of India 91-D 14/10/2021 Treasury Bills SOV 0.00 - 0.60 0.59
new Reserve Bank of India 182-D 16/12/2021 Treasury Bills SOV 0.00 - 0.56 0.56
equal 9.50% Indusind Bank Additional Tier 1 Bond AA 0.45 - 0.58 0.45
equal Sattva Holding And Trading 2023 Zero Coupon Bonds AA+ 0.44 - 0.57 0.44
equal 9.15% NUVOCO Vistas Corp. 30/08/2022 Non Convertible Debenture AA 0.43 - 0.58 0.43
equal Reserve Bank of India 91-D 19/11/2021 Treasury Bills SOV 0.00 - 0.40 0.39
new Reserve Bank of India 182-D 23/12/2021 Treasury Bills SOV 0.00 - 0.36 0.36
equal TMF Holdings 2022 Debenture AA- 0.36 - 0.45 0.36
equal 9.70% Coastal Gujarat Power 27/08/2023 Non Convertible Debenture AA 0.33 - 0.45 0.33
equal Reserve Bank of India 91-D 07/10/2021 Treasury Bills SOV 0.00 - 0.33 0.31
equal 9.40% IDBI Bank Additional Tier 1 Bond A+ 0.00 - 0.30 0.30
equal 11.40% Avanse Financial Services 2022 Non Convertible Debenture A+ 0.29 - 0.40 0.29
equal 9.50% Muthoot Finance 2022 Non Convertible Debenture AA+ 0.00 - 0.35 0.29

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

Sector Allocation vis-à-vis Category

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Top Equity Holdings

Company Sector P/E 3Y High 3Y Low % Assets
equal ICICI Bank Financial 26.31 6.36 1.83 6.02
down Reliance Industries Energy 34.00 7.26 1.72 5.25
up Infosys Technology 34.62 4.93 2.27 4.66
up HDFC Bank Financial 27.22 5.20 3.57 4.10
equal HDFC Financial 26.03 4.42 1.65 2.74
down Bharti Airtel Communication 360.64 3.25 0.94 2.46
down State Bank of India Financial 17.95 2.28 1.09 2.18
equal Motherson Sumi Systems Automobile 33.93 2.80 1.36 1.99
equal NTPC Energy 10.54 2.68 0.96 1.85
equal TVS Motor Company Automobile 35.69 2.19 1.08 1.75
down Kotak Mahindra Bank Financial 43.30 3.15 1.56 1.73
up SBI Life Insurance Company Insurance 90.50 1.54 0.00 1.54
down Avenue Supermarts Services 213.17 1.56 0.37 1.53
equal Axis Bank Financial 29.64 3.22 0.93 1.49
down Hindustan Unilever FMCG 68.66 2.29 0.64 1.34
equal Maruti Suzuki India Automobile 43.62 1.65 0.90 1.32
down Sun Pharmaceutical Industries Healthcare 32.54 1.48 0.72 1.28
up Oil & Natural Gas Corporation Energy 8.83 1.25 0.41 1.25
up Tata Steel Metals 7.50 1.40 0.32 1.23
down HCL Technologies Technology 28.09 1.75 0.96 1.19
up Mahindra & Mahindra Automobile 47.18 1.20 0.09 1.14
down Larsen & Toubro Construction 20.20 2.52 0.52 1.09
down ITC FMCG 20.93 2.54 1.05 1.08
equal Tata Consultancy Services Technology 35.39 1.97 0.68 1.05
down Hindalco Inds. Metals 15.15 1.08 0.45 0.99

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 30-Sep-2021

Fund Manager

— Ihab Dalwai since 29-Jan-2018

Education: Mr. Dalwai is a Chartered Accountant.

Experience: He is associated with ICICI Prudential AMC since April 2011.

Funds Managed:

— Rajat Chandak since 07-Sep-2015

Education: Mr. Chandak is a B.Com (H) and MBA.

Experience: He has been associated with ICICI Prudential AMC since 2008.

Funds Managed:

— Sankaran Naren since 14-Jul-2017

Education: Mr. Naren is a B.Tech from IIT Chennai and MBA (Finance)from IIM Kolkata.

Experience: Prior to joining ICICI Prudential AMC he has worked with Refco Sify Securities India Pvt. Ltd., HDFC Securities Ltd. and Yoha Securities.

Interviews:

Funds Managed:

— Manish Banthia since 01-Jan-2013

Education: Mr. Banthia is B.Com, CA and MBA

Experience: 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.

Funds Managed:

— Ritesh Lunawat since 28-Dec-2020

Education: Mr. Lunawat is B.Com and Chartered Accountant.

Experience: He has been Working with ICICI Prudential AMC Since September 2013.

Funds Managed:

Invest Now
0.07%

Change from previous, NAV as on 22-Oct-2021

Growth: ₹ 53.6600

IDCW Quarterly: ₹ 18.7600

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IDCW Monthly: ₹ 19.8800

IDCW: ₹ 25.0700

Investment Strategy

The scheme seeks to provide capital appreciation and income distribution to the investors by using equity derivatives strategies, arbitrage opportunities and pure equity investments.

Investment Details

Minimum Investment (₹) 500
Minimum Addl Investment (₹) 100
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 1
Minimum Balance (₹) --
Lock-in Period Not Applicable
Exit Load For units in excess of 10% of the investment,1% will be charged for redemption within 365 days

Basic Details

Fund House: ICICI Prudential Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 13.64%
Benchmark: CRISIL Hybrid 50+50 Moderate Index
Riskometer: High
Type: Open-ended
Assets: ₹ 35,737 Cr (As on 30-Sep-2021)
Expense: 1.00% (As on 30-Sep-2021)
Risk Grade: Average
Return Grade: Above Average
Turnover: 22.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Monthly05-Oct-20210.0700

 01-Sep-20210.0700
 03-Aug-20210.0700
 01-Jul-20210.0700
 01-Jun-20210.0700
 03-May-20210.0700
 06-Apr-20210.0700
 02-Mar-20210.0700
 02-Feb-20210.0700
 06-Jan-20210.0700
 02-Dec-20200.0700
 02-Nov-20200.0700
 05-Oct-20200.0700
 08-Sep-20200.0700
 05-Aug-20200.0700
 03-Jul-20200.0700
 12-Jun-20200.0500
 03-Mar-20200.0620
 08-Jan-20200.0620
 09-Dec-20190.0620
 08-Nov-20190.0620
 09-Oct-20190.0620
 09-Sep-20190.0620
 08-Aug-20190.0620
 10-Jul-20190.0620
IDCW Quarterly18-Mar-20210.3600

 20-Feb-20180.7500
 02-Jun-20170.2500
 24-Mar-20170.2000
 23-Dec-20160.2000
 08-Jul-20160.1500
 24-Dec-20150.1500
 30-Sep-20150.1500
IDCW20-Oct-20201.1100

 15-Oct-20191.1068
 30-Oct-20180.4870
 16-Mar-20180.6400
 06-Oct-20171.5300
 23-Sep-20161.7000
 30-Sep-20151.7500
 19-Sep-20141.5000

Contact Information

AMC: ICICI Prudential Asset Management Company Ltd

Address: One BKC , A Wing , 13th Floor, Bandra Kurla Complex, Mumbai - 400051

Phone: 022-26525000 / 1800-222-999 / 1800-200-6666

Fax: 022-26528100

Email: [email protected]

Website: http://www.icicipruamc.com

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

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