ICICI Prudential Balanced Advantage Fund

download factsheet Factsheet

Value Research Rating

4 star

Analyst’s Choice

premium-user

Riskometer

fund-quick-summary-circle

High

₹63.5300 0.32%

As on 29-Feb-2024

Returns

to
Please wait...

Calculate SIP Returns of ICICI Prudential Balanced Advantage Fund

Upfront Investment

Monthly SIP Amount

Investment Duration

years

Risk info

This fund has High risk.

low
Low to Moderate
Moderate
Moderately High
High
Very High

As per SEBI's Riskometer.

Portfolio of ICICI Prudential Balanced Advantage Fund

Asset Allocation

Split between different types of investments

Please wait...

Market Cap Weightage

Split between categories of Equity investments

Please wait...

Peer Comparison

Other details of ICICI Prudential Balanced Advantage Fund

Assets info

₹54,142 Cr

Exit Load (Days) info

1.00 (365)

Min. Investment (₹)

500

Min. Withdrawal (₹)

--

Min. SIP Investment (₹)

100

Min. No of Cheques

6

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.

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 dynamic asset allocation fund, if you need to redeem your investment in less than five years."

Taxation

Capital Gains Taxation

  • 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.

Dividend Taxation

  • 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.

FAQ for ICICI Prudential Balanced Advantage Fund

ICICI Prudential Balanced Advantage Fund invests in a mix of equity and fixed-income securities. The proportion of the two is dynamically managed and may keep varying depending on the market outlook of the fund manager.

Mutual funds can be bought directly from the website of the fund house. For instance, ICICI Prudential Balanced Advantage Fund fund can be purchased from the website of ICICI Prudential Mutual Fund. You can also buy mutual funds through platforms like MF Central, MF Utility, among others. However, if you are not comfortable buying mutual funds online, you can seek help of a mutual fund distributor. Most banks also act as mutual fund distributors. So you can connect with your bank for assistance.

The NAV of ICICI Prudential Balanced Advantage Fund is ₹63.5300 as of 01-Mar-2024.

The AUM of ICICI Prudential Balanced Advantage Fund Fund is ₹54,142 Cr as of 31-Jan-2024

The riskometer level of ICICI Prudential Balanced Advantage Fund is High. See More

Company Percentage of Portfolio

GOI GOI FRB 22/09/2033

4.48

GOI Sec 7.18 14/08/2033

3.07

GOI Sec 4.45 30/10/2034

2.78

Embassy Office Parks REIT

2.61

GOI Sec 7.26 06/02/2033

1.01
See More

As of 31-Jan-2024, ICICI Prudential Balanced Advantage Fund had invested 41.77% in Equity, 31.7% in Cash & Cash Eq., 23.4% in Debt and 3.13% in Real Estate See More

ICICI Prudential Balanced Advantage Fund is 17 years 2 months old. It has delivered 11.36% returns since inception. See More

1Y
3Y
5Y
7Y
10Y
Since Inception
21.40%
12.80%
13.28%
11.51%
12.76%
11.36%

No, There is no lock in period in ICICI Prudential Balanced Advantage Fund.

The expense ratio of ICICI Prudential Balanced Advantage Fund is 1.49.

Please wait...
Please wait...
Please wait...
Please wait...
Please wait...
Please wait...
Invest Now