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ICICI Prudential Balanced Advantage Fund
ICICI Prudential Balanced Advantage Fund was launched on 30 December 2006 as an open-ended scheme. The scheme uses in-house asset allocation to allocate equity investment levels above 65% with dynamic asset allocation.
Investment Plans
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Guaranteed Tax Savings
Under sec 80C & 10(10D) -
₹1 Crore
Invest ₹10k per month* -
Zero LTCG Tax
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Invest ₹10K/month & Get ₹1 Crore returns*
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- ICICI Prudential Balanced Advantage Fund
Best SIP Funds
Payment Mode
Invest
₹ 10,000
Invest for
Instant tax receipt
Instant tax receipt
Opportunities Fund
AUM (Cr)
₹35,672
Estimated Value
₹
After 5 years
Returns (p.a.)
+ 25.73 %
Instant tax receipt
Accelerator Mid-Cap Fund II
AUM (Cr)
₹5,410
Estimated Value
₹
After 5 years
Returns (p.a.)
+ 24.15 %
Instant tax receipt
Diversified Equity Fund
AUM (Cr)
₹3,524
Estimated Value
₹
After 5 years
Returns (p.a.)
+ 21.02 %
Instant tax receipt
Frontline Equity Fund
AUM (Cr)
₹4,206
Estimated Value
₹
After 5 years
Returns (p.a.)
+ 24.13 %
Instant tax receipt
Grow Money Plus Fund
AUM (Cr)
₹434
Estimated Value
₹
After 5 years
Returns (p.a.)
+ 20.74 %
Instant tax receipt
Instant tax receipt
Instant tax receipt
Instant tax receipt
Diversified Equity Fund
AUM (Cr)
₹3,524
Estimated Value
₹
After 5 years
Returns (p.a.)
+ 21.02 %
Frontline Equity Fund
AUM (Cr)
₹4,206
Estimated Value
₹
After 5 years
Returns (p.a.)
+ 24.13 %
Grow Money Plus Fund
AUM (Cr)
₹434
Estimated Value
₹
After 5 years
Returns (p.a.)
+ 20.74 %
Growth Super Fund
AUM (Cr)
₹13,305
Estimated Value
₹
After 5 years
Returns (p.a.)
+ 20.11 %
Opportunities Fund
AUM (Cr)
₹35,672
Estimated Value
₹
After 5 years
Returns (p.a.)
+ 25.73 %
Accelerator Mid-Cap Fund II
AUM (Cr)
₹5,410
Estimated Value
₹
After 5 years
Returns (p.a.)
+ 24.15 %
Growth Opportunities Plus Fund
AUM (Cr)
₹969
Estimated Value
₹
After 5 years
Returns (p.a.)
+ 23.22 %
Classic Opportunities Fund
AUM (Cr)
₹13,357
Estimated Value
₹
After 5 years
Returns (p.a.)
+ 21.83 %
Opportunities Fund
AUM (Cr)
₹3,245
Estimated Value
₹
After 5 years
Returns (p.a.)
+ 22.95 %
Equity Top 250 Fund
AUM (Cr)
₹535
Estimated Value
₹
After 5 years
Returns (p.a.)
+ 20.13 %
Whole Life Income Fund
AUM (Cr)
₹872
Estimated Value
₹
After 5 years
Returns (p.a.)
+ 6.22 %
Whole Life Aggressive Growth Fund
AUM (Cr)
₹849
Estimated Value
₹
After 5 years
Returns (p.a.)
+ 22.92 %
Save N Grow Money Fund
AUM (Cr)
₹63
Estimated Value
₹
After 5 years
Returns (p.a.)
+ 11.95 %
Asset Allocation Fund II
AUM (Cr)
₹297
Estimated Value
₹
After 5 years
Returns (p.a.)
+ 13.85 %
Multi Cap Balanced Fund
AUM (Cr)
₹2,007
Estimated Value
₹
After 5 years
Returns (p.a.)
+ 14.34 %
Super Select Equity Fund
AUM (Cr)
₹1,239
Estimated Value
₹
After 5 years
Returns (p.a.)
+ 21.56 %
View More
Fund in Brief
To provide capital appreciation, the fund has a combined annual portfolio turnover of 4.68 times. Managed by professional experts, the fund provides an average dividend yield of 0.96%. The scheme can be availed by daily, weekly, monthly, or fortnightly SIP or SWP of any amount.
- Insurance Companies
- Mutual Funds
| Returns | ||||
|---|---|---|---|---|
| Fund Name | 5 Years | 7 Years | 10 Years | |
| High Growth Fund Max Life | 27.23% | 21.27% |
18.4%
View Plan
|
|
| Top 200 Fund Tata AIA | 31.36% | 21.73% |
17.46%
View Plan
|
|
| Accelerator Mid-Cap Fund II Bajaj Allianz | 24.15% | 12.92% |
14.99%
View Plan
|
|
| Opportunities Fund HDFC Standard | 25.73% | 14.99% |
15.14%
View Plan
|
|
| Equity II Fund Canara HSBC Oriental Bank | 19.44% | 10.32% |
10.53%
View Plan
|
|
| Grow Money Plus Fund Bharti AXA | 20.74% | 13.95% |
14.2%
View Plan
|
|
| Multiplier Birla Sun Life | 26.67% | 14.27% |
15.83%
View Plan
|
|
| Equity Top 250 Fund Edelwiess Tokio | 20.13% | 12.14% |
11.86%
View Plan
|
|
| Opportunities Fund ICICI Prudential | 22.95% | 13.36% |
12.55%
View Plan
|
|
| Flexi Growth Fund LIC | - | - |
-
View Plan
|
|
Fund rating powered by
Last updated:
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| Returns | ||||
|---|---|---|---|---|
| Fund Name | 3 Years | 5 Years | 10 Years | |
| Active Fund QUANT | 23.92% | 31.48% |
21.87%
|
|
| Flexi Cap Fund PARAG PARIKH | 20.69% | 26.41% |
19.28%
|
|
| Large and Mid-Cap Fund EDELWEISS | 22.34% | 24.29% |
17.94%
|
|
| Equity Opportunities Fund KOTAK | 24.64% | 25.01% |
19.45%
|
|
| Large and Midcap Fund MIRAE ASSET | 19.74% | 24.32% |
22.50%
|
|
| Flexi Cap Fund PGIM INDIA | 14.75% | 23.39% |
-
|
|
| Flexi Cap Fund DSP | 18.41% | 22.33% |
16.91%
|
|
| Emerging Equities Fund CANARA ROBECO | 20.05% | 21.80% |
15.92%
|
|
| Focused fund SUNDARAM | 18.27% | 18.22% |
16.55%
|
|
Last updated: May 2025
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ICICI Prudential Balanced Advantage Fund Facts
|
Scheme Description |
Open-ended dynamic asset allocation fund |
|
Scheme Options |
Growth and IDCW |
|
Purchase Amount |
Rs. 500 (minimum) |
|
Additional Investment |
Rs. 100 (minimum) |
|
Entry load |
Not Applicable |
|
Exit Load |
Up to 10% of the units within one year from the allotment date: Zero After one year: 1% of the NAV |
|
Minimum Amount for Redemption |
Any amount |
|
Investment Horizon - Indicative |
More than 3 Years |
|
Systematic Transfer Plan |
Daily: Rs 250, Monthly and Yearly: Rs 1000 |
|
Benchmark |
CRISIL Hybrid 50-50 Moderate Index |
Investment Objective
The scheme invests in equities and derivatives to hedge the downside risk.
Derivatives Approach: It uses the derivative approach for hedging or portfolio rebalancing and index strategies as allowed under the SEBI Regulations.
Asset Allocation: Based on long-term historical means Price to Book value, it aims to increase exposure when valuations are attractive.
Flexi-Cap: For investing across the large-cap stocks, i.e., business entities with long-term growth potentials.
A portion of the scheme is also invested in fixed income securities issued by the government, private companies, and public sector undertakings aiming to generate accrual income and capital appreciation.
People Also Read: ICICI Prudential Nifty Midcap 150 Index Fund
Fund Summary
The fund has the following options:
-
Direct Plan Growth - ICICI Prudential Balanced Advantage Fund
CAGR
13.74%
NAV (as on 15 Nov 2021)
Rs 54.23
AUM
Rs 36815.96 Cr
Age
8 years and 10 months
-
Monthly IDCW Payout - ICICI Prudential Balanced Advantage Fund
CAGR
NA
NAV (as on 15 Nov 2021)
NA
AUM
Rs 36815.96 Cr
Age
NA
-
Growth - ICICI Prudential Balanced Advantage Fund
CAGR
11.38%
NAV (as on 15 Nov 2021)
Rs 49.74
AUM
Rs 36815.96 Cr
Age
14 years and 10 months
-
Quarterly IDCW - ICICI Prudential Balanced Advantage Fund
CAGR
10.91%
NAV (as on 15 Nov 2021)
Rs 16.73
AUM
Rs 36815.96 Cr
Age
7 years and 1 months
-
Monthly IDCW - ICICI Prudential Balanced Advantage Fund
CAGR
13.23%
NAV (as on 15 Nov 2021)
Rs.17.57
AUM
Rs.36815.96 Cr
Age
8 years and 7 months
-
Direct Plan Monthly IDCW - ICICI Prudential Balanced Advantage Fund
CAGR
14.10%
NAV (as on 15 Nov 2021)
Rs 20.02
AUM
Rs 36815.96 Cr
Age
8 years and 7 months
-
Direct Plan Quarterly IDCW - ICICI Prudential Balanced Advantage Fund
CAGR
11.10%
NAV (as on 15 Nov 2021)
Rs 18.26
AUM
Rs 36815.96 Cr
Age
7 years and 1 months
-
IDCW - ICICI Prudential Balanced Advantage Fund
CAGR
10.18%
NAV (as on 15 Nov 2021)
Rs 17.03
AUM
Rs 36815.96 Cr
Age
14 years and 10 months
-
Direct Plan IDCW - ICICI Prudential Balanced Advantage Fund
CAGR
13.65%
NAV (as on 15 Nov 2021)
Rs 23.75
AUM
Rs 36815.96 Cr
Age
8 years and 10 months
-
Direct Plan Monthly IDCW - ICICI Prudential Balanced Advantage Fund
CAGR
NA
NAV (as on 15 Nov 2021)
NA
AUM
Rs 36815.96 Cr
Age
NA
Fund Return Summary
The returns of the ICICI Prudential Balanced Advantage Fund-Growth option are reproduced as under:
|
Time |
CAGR |
Current Value of Investment of Rs.10,000/- |
|
1 Year |
27.94% |
12,785.73/- |
|
3 Year |
14.06% |
14,832.38/- |
|
Since Inception |
11.05% |
16,899.52/- |
*Returns are subject to change. The investment risk in the investment portfolio is borne by the policyholder.
Pros and Cons
|
Pros |
Cons |
|
Medium Risk |
Not suitable for Short term Goals |
|
Suitable for Long term Investment |
Subject to market volatility and equity risk |
|
Good Expense Ratio |
|
|
Promising Returns |
|
|
Good risk mitigation strategies in place |
Benefits of ICICI Prudential Balanced Advantage Fund
The fund offers the following benefits:
-
Consistency in Performance: When you look into the fund's performance for the past few years, it can be easily inferred that the fund is capable of providing significant returns over time.
-
Appropriate Asset Allocation: The fund allocates assets based on market developments and expected returns.
-
Suitable for long-term needs: Over three years, the fund can provide an exponential rate of returns.
Who Should Invest in the Fund?
The following category of investors should invest in the fund:
-
Looking to invest in Equity Markets
-
Have a conservative approach
-
Seek the benefit of market volatility
-
Maintain fair equity allocations based on market valuation
In Conclusion
If you wish to invest for more than 5 years, you can expect a fair rate of return on your investment. With the up and downs of the volatile market, returns are expected and probable but not 100% sure.
As an investor, understand your needs and aspirations. Opt for the plan that suits your requirements and is the most feasible.
FAQ's
-
Q. How will the scheme allocate its assets?
A. The asset allocation of the scheme shall be as under:Type of Security Maximum Minimum Risk Profile Equity & Equity related instruments 100 65 High Debt and Money Market Instruments, including Units of Debt oriented mutual fund schemes 35 0 Low to Medium Preference Shares 10 0 Medium to High Units issued by REITs and InvITs 10 0 Medium to High -
Q. Who is the manager of the fund?
A. Equity:- Mr Sankaran Naren (Managing this fund for 4 years 3 months since July 2017)
- Mr Rajat Chandak (6 years 1 month since Sept. 2015)
- Mr Ihab Dalwai (Managing this fund for 3 years 9 months since Jan 2018)
- Mr Manish Banthia (Managing this fund for 11 years 11 months since Nov 2009)
- Mr Ritesh Lunawat (Managing this fund for 10 months since Dec 2020)
-
Q. What are the top 10 holdings of the scheme? (as of 30 September 2021)
A.Company % to NAV Government Securities 12.73% Index/Future Options 8.95% ICICI Bank Ltd 8.10% Reliance Industries ltd 5.25% CCIL 5.05% Axis Bank Ltd 4.72% Infosys Ltd 4.66% HDFC Bank Ltd 4.25% HDFC Ltd 2.74% State Bank of India 2.55% Total 59.00% -
Q. What are the sector-wise holdings of the fund?
A.Sector % to NAV Financial Services 31.08% Government Securities 12.73% Derivatives 10.19% IT 8.18% Oil and Gas 8.15% Automobile 7.04% Consumer Goods 5.25% Construction 2.97% Pharma 2.90% Telecom 2.51% Metals 2.48% Power 2.45% Consumer Services 1.67% Cement and Cement products 1.46% Chemicals 0.75% Media, Entertainment and Publication 0.69% Services 0.57% Fertilizers and Pesticides 0.45% Industrial Manufacturing 0.30% Cash, Cash Equivalents, and Net Current Assets -1.82% Total assets 100% -
Q. How are the earnings from the fund taxable?
A. Capital gains:- If you sell the mutual fund units after 1 year from the investment date:
- Gains up to INR 1,00,000 in a financial year are exempt from tax
- Gains over INR 1,00,000 are taxed at the rate of 10%
- If you sell the mutual fund units within 1 year from the investment date, the 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 are added to the income of the investors and are taxable according to their respective tax slabs.
*All savings are provided by the insurer as per the IRDAI approved insurance
plan.
*Tax benefit is subject to changes in tax laws. Standard T&C Apply
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
˜Top 5 plans based on annualized premium, for bookings made in the first 6 months of FY 24-25. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.
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