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  • ICICI Prudential Balanced Advantage Fund (D)

    ICICI Pru Balanced Advantage Fund(D)
    Dividend Yearly
    0.60  (As on 30-10-2018)
    Category
    Hybrid - Equity Oriented
    52-week NAV high
    34.38  (As on 31-08-2018)
    52-week NAV low
    32.49  (As on 26-10-2018)
    Expense
    1.94%  (As on 30-11-2018)

    Performance

    1 mnth 3 mnth 6 mnth 1 yr 2 yr 3 yr 4 yr 5 yr 10 yr
    Fund Returns 1.78 -0.68 0.42 1.74 9.31 9.79 8.60 12.47 -
    Scheme Details
    Fund Type
    Open Ended
    Investment Plan
    Dividend
    Bonus
    NA
    Launch Date
    Dec 30, 2006
    Last Dividend
    0.60
    Minimum Investment
    500
  • ICICI Prudential Asset Management Co. Ltd. is one of the most reputed asset management companies (AMC) in India. The firm aims at offering innovative financial products that fulfill the desire to generate monetary growth and benefits.

    The AMC is the result of a merger between India’s ICICI Bank and UK’s Prudential Plc. both leading players in the financial sector in their respective countries. The firm commenced its operations in 1998 and is among the best companies in the mutual fund industry in the country. The firm has a large employee base comprising 1,913 skilled and efficient employees catering to the investment needs of the customers across more than 200 localities. As on 31 March 2018, the firm has a customer base of over 3 million investors.

    Investment Objective of ICICI Prudential Balanced Advantage Fund - Dividend Scheme

    The objective of the ICICI Prudential Balanced Advantage Fund - Dividend Scheme is to generate capital growth and dispersal of income to the investors by investing in equity funds, equity related securities, and arbitrage opportunities.

    Key Features of ICICI Prudential Balanced Advantage Fund

    Some of the significant features of the ICICI Prudential Balanced Advantage Fund - Dividend Scheme are as indicated in the table below:

    Type of fund An open-ended dynamic asset allocation fund
    Plans available
    • ICICI Prudential Balanced Advantage Fund
    • ICICI Prudential Balanced Advantage Fund - Direct Plan
    Options under each plan Options of growth and dividend with the sub-options of Dividend Payout and Dividend Reinvestment.
    Risk Moderately high
    Systematic Investment Plan Available
    Systematic Transfer Plan Available (Flex STP/Value STP also available)
    Systematic Withdrawal Plan Available

    Investment Amount for ICICI Prudential Balanced Advantage Fund - Dividend Scheme

    Minimum application amount Rs.5,000
    Minimum additional investment Rs.1,000
    Minimum installment for Systematic Investment Plan (SIP) [if SIP is available]
    • Monthly SIP: Rs.1,000 and minimum number of installments - 6
    • Quarterly SIP: Rs.5,000 and minimum number of installments - 4
    Minimum installment for Systematic Withdrawal Plan (SWP) [if SWP is available] Rs.500
    Entry Load N/A
    Exit Load
    • Nil - In case the shares purchased/switched in from the source scheme of the fund are redeemed/switched out up to a limit of 15% of the shares purchased or switched within a period of 18 months, starting from the date of asset allocation.
    • 1% of the applicable NAV of the scheme - in case the shares purchased or switched in from source scheme of the fund are redeemed or switched out if the limit is exceeded within a period of 18 months, starting from the date of asset allocation.
    • Nil - In case the shares purchased or switched in from source scheme of the fund are redeemed or switched out after a period of 18 months, starting from the date of asset allocation.

    Asset Allocation for ICICI Prudential Balanced Advantage Fund - Dividend Scheme

    Asset allocation Instruments Asset Allocations (Percentage of total assets) Risk Profile
    Maximum Minimum
    Equities and Equity related securities 100% 65% Medium to High
    *Debt securities 35% 0% Low to Medium

    *Exposure to the securities of debt funds will not exceed 50% of the debt portfolio.

    Who can Invest in ICICI Prudential Balanced Advantage Fund - Dividend Scheme

    Investors seeking to generate capital growth by investing in equity funds, equity related securities, and arbitrage opportunities over a long period can invest in the scheme.

    NAV Disclosure and Benchmark for ICICI Prudential Balanced Advantage Fund - Dividend Scheme

    • Benchmark index of the scheme - CRISIL Hybrid 35+65 - Aggressive Index
    • NAV Disclosure of the scheme:
      • The scheme’s NAV will be calculated and disclosed at the end of business hours every day.
      • The scheme’s NAV will be determined on every business day except under special circumstances where it is difficult to disclose the figures due to a specific reason.
      • The scheme’s NAV is made available at all the customer centres of ICICI Prudential.
      • The complete portfolio of the scheme will be disclosed every 6 months on the ICICI Prudential website and AMFI (Association of Mutual Funds of India) website.
      • The scheme’s portfolio, as on the last day of every month, will also be disclosed on the official website of ICICI Prudential on or before the 10th of every following month.
      • The scheme’s portfolio will be published every 6 months in an English daily newspaper and in a newspaper published in the regional language of the place where ICICI Prudential’s head office for mutual funds is located.
      • The scheme’s portfolio that exhibits top 10 holdings will be disclosed in the scheme information document that is available on the official website of ICICI Prudential mutual funds.
      • ICICI Prudential will update the scheme’s NAV on the AMFi website by 9:00 p.m. on every day of business.
      • In case there is a delay in disclosing the scheme’s NAV, ICICI Prudential will have to explain the reason for delay to the AMFI and SEBI (Securities and Exchange Board of India) by the following day. If due to some reason, the NAV is not available before the commencement of the business on the following day, the fund should issue a press release stating the reason for the delay and informing when the NAV will be ready to be published.

    ICICI Prudential Balanced Advantage Fund - Dividend Scheme Manager

    As on 31 January 2018, the ICICI Prudential Balanced Advantage Fund - Dividend Scheme is being managed by the following fund managers.

    • Mr. Sankaran Naren has been managing the asset portfolio for the scheme since July 2017.
    • Rajat Chandak has been managing the asset portfolio for the scheme since September 2015.
    • Mr. Ihab Dalwai has been managing the asset portfolio for the scheme since January 2018.
    • Mr. Manish Banthia has been managing the asset portfolio for the scheme since November 2009.
    • Priyanka Khandelwal is the dedicated fund manager who manages the overseas scheme investments of the fund which has a mandate to invest in overseas financial instruments.

    Investment Restrictions of ICICI Prudential Balanced Advantage Fund - Dividend Scheme

    The investment restrictions of the Balanced Advantage Fund - Dividend Scheme are as follows:

    • The scheme cannot invest more than 10% of its NAV in the debt fund instruments that include equity and non-equity market instruments, that are issued by a single entity. This is the case provided the equity and non-equity market instruments are rated above the standard investment grade by an authorised credit rating agency.
    • The scheme cannot own more than 10% of any firm’s paid-up capital that carries the voting rights.
    • The scheme cannot invest more than 10% of its NAV in un-rated debt fund securities that have been issued by a single entity. The total capital invested in such instruments should not exceed 25% of the scheme’s NAV.
    • The scheme cannot invest in fund of funds scheme.
    • The scheme can have the purchased securities transferred in the scheme’s name if the investments made are for a long period.
    • The scheme cannot invest more than 10% of its NAV in equity stocks of any firm.
    • The scheme cannot sanction any loans for any purpose.
    • The scheme should adhere to the set norms that are applicable to the mutual fund investments.

    Dividend Policy of ICICI Prudential Balanced Advantage Fund - Dividend Scheme

    The dividend policy of ICICI Prudential Balanced Advantage Fund - Dividend Scheme are as follows:

    • Dividend Option

    The option of dividend is suitable for those who are looking to generate capital via dividends earned from the investments made by the scheme. The remaining amount after the deduction of tax and issuing of dividend income to the concerned individual, will be reinvested in the scheme itself.

    • Dividend Payout Option
      • Under the option of dividend payout, the dividend warrants should be issued to the shareholder by the scheme within 30 days from the time of declaring the dividend.
      • The dividends under the option should be issued to the shareholders via cheque, provided that the names of the stakeholders as on the recorded date are present in the Register of Unit Holders.
    • Dividend Reinvestment Option

    As per the guidelines for dividend reinvestment option, the investors can choose to receive the dividends or to have the dividend, that they are about to receive, reinvested in additional units under the scheme.

    • Dividend Transfer Plan (DTP)

    Under the Dividend Transfer Plan, the dividend can be transferred from the source scheme to an open-ended scheme that offers the option of issuing dividends.

    Other facilities under ICICI Prudential Balanced Advantage Fund - Dividend Scheme

    Some of the other facilities offered by ICICI Prudential Balanced Advantage Fund - Dividend Scheme are as follows:

    • SIP Top Up Facility

    SIP Top Up Facility can be opted in any of the two variants available, Fixed Top Up option and Variable Top Up option.

    • Fixed Top Up option

    The SIP amount, under the Fixed Top Up option is set to increase at regular intervals and the same can be topped-up in multiples of Rs.500

    • Variable Top Up option

    The SIP amount, under the Variable Top Up option is set to increase by a certain percentage at fixed intervals. The SIP amount under this option can be topped-up in multiples of 5%.

    • Micro Systematic Investment Plan (Micro SIP)

    In the Micro Systematic Investment Plan, the individual investing in the scheme will be offered the Micro SIP facility under the SIP. However, the total investment made under the plan cannot be more than Rs.50,000. Under the plan, the investor can reclaim Rs.500.

    • Mode of Payment for SIP
      • The SIP installment towards the scheme can be paid via National Automated Clearing House (NACH) or by setting a mandate at the bank that holds the investor’s account to debit the amount towards the SIP at fixed intervals.
      • NACH facility - to avail this facility, the investor will have to submit the SIP Registration cum mandate form to the concerned ICICI Prudential officer. Post the submission of the form, a unique number known as Unique Mandate Reference Number (UMRN) will be issued to the concerned individual. The investor should use the UMRN for any future SIP transactions carried out.
      • Bank mandate facility - to avail the facility, the investor has to submit a photocopy of the cheque/cancelled cheque drawn from the respective bank that holds the investor’s account for which the bank mandate has been requested.
    • Automatic Withdrawal Plan (AWP)

    By opting for the Automatic Withdrawal Plan, the investors can redeem a fixed amount at the present NAV of the scheme at fixed intervals.

    • Systematic Investment Plan Plus (SIP PLUS)

    On availing the SIP PLUS, the investor will be given the opportunity to opt for a Group life insurance cover in addition to the SIP, if deemed necessary by the individual. The premium for the life insurance cover will be borne by ICICI Prudential itself and only individuals up to the age of 55 years can opt for the same.

    Why you should Invest in ICICI Prudential Balanced Advantage Fund - Dividend Scheme

    The benefits of investing in ICICI Prudential Balanced Advantage Fund - Dividend Scheme are as follows:

    • The ICICI Prudential Balanced Advantage Fund - Dividend Scheme offered by ICICI Prudential Asset Management Co. Ltd. is strongly backed by two of the most reputed firms in the respective financial sectors, ICICI Bank and Prudential Plc.
    • Expert advice is offered to all the clients prior to investing in the scheme.
    • The scheme generates long-term income and growth of wealth for the investors.
    • The NAV of the scheme is disclosed on a regular basis using various mediums such as via newspapers, official websites, customer service centres, etc., thus making the investments and the capital growth transparent to all.
    • The scheme offers certain tax benefits under the Indian Income Tax Act, 1961.
    • The fund manager is experienced and manages the individual fund portfolios using various scientific and mathematical platforms.
    • The fund manager aims at building long-lasting relationships with the clients.

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