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ICICI Prudential Balanced Advantage Fund

ICICI Prudential Balanced Advantage Fund is an open-ended dynamic asset allocation fund. The scheme, which was launched on December 30, 2006, uses an in-house asset allocation model for maintaining an effective equity investment level, endeavoured to be more than 65%. The actual equity level could, however, go below 65% after factoring in the derivative exposure.

About ICICI Prudential: ICICI Prudential Asset Management Company is one of the top AMCs in India, focused on bridging the gap between savings and investment. It is a joint venture between ICICI Bank and Prudential Plc. Over the years, the company has forged a position of pre-eminence in the mutual fund industry.

(Note - All the information contained in this page has been sourced from the official website of ICICI Prudential Mutual Fund.)

Features of ICICI Prudential Balanced Advantage Fund

The features of ICICI Prudential Balanced Advantage Fund are as under:

Type of SchemeAn open-ended dynamic asset allocation fund
PlansICICI Prudential Balanced Advantage Fund and ICICI Prudential Balanced Advantage Fund - Direct; Options: Growth & Dividend
Minimum Application AmountRs. 500 (plus in multiples of Re.1)
Minimum Additional Application AmountRs. 100 (plus in multiples of Re.1)
Minimum Redemption AmountRs. 500/- or all units where amount is below Rs. 500/-
Benchmark IndexCRISIL Hybrid 50 + 50 - Moderate Index

Performance of ICICI Prudential Balanced Advantage Fund

Returns of ICICI Prudential Balanced Advantage Fund - Growth Option as on December 31, 2019 - (IPBAF)

Particulars1 Year CAGR (%)1 Year Current Value of Investment of Rs. 10,0003 Years CAGR (%)3 Years Current Value of Investment of Rs. 10,0005 Years CAGR (%)5 Years Current Value of Investment of Rs. 10,000Since InceptionSince Inception - Current Value of Investment of Rs. 10,000
Scheme10.7911,079.1210.5313,507.099.1115,471.1610.8338,090.00
CRISIL Hybrid 50+50 - Moderate Index (Benchmark)10.7311,073.1610.9413,657.909.3015,605.109.7233,422.30
Nifty 50 TRI Index 2 (Additional Benchmark)13.4811,347.6515.6315,467.789.3815,661.0210.3235,887.86
NAV (Rs.) Per Unit34.3834.3828.2028.2024.6224.621010

Top Holdings of ICICI Prudential Balanced Advantage Fund

HDFC Bank Ltd.4.15%
HDFC Ltd.3.74%
ICICI Bank Ltd.3.68%
Axis Bank Ltd.3.35%
ICICI Bank Ltd.2.77%

How to Invest in ICICI Prudential Balanced Advantage Fund?

Users can invest in the schemes of ICICI Prudential Mutual Fund through the company's website. A new investor would first have to register with the company by providing the folio number. Those who have already registered with the fund house will need to login using their username and password. There is also the option of visiting one of the branch offices of the company and placing a request to purchase the scheme. The nearest branch office can be located through the website of ICICI Prudential Mutual Fund.

Documents Required for ICICI Prudential Balanced Advantage Fund

Individuals who wish to invest in the schemes of ICICI Prudential Mutual Fund would have to provide a duly-completed application form, along with documents that serve as proof of identity and proof of address.

Some of the documents that can serve as identity proof include - Aadhaar, passport, PAN card, voter ID, etc. The documents that be used as proof of address include ration card, passport, driving license, insurance copy, etc.

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