Bigger bang for your buck.
Mutual Funds – it can’t get bigger than this!
  • ICICI Prudential Balanced Advantage Fund (G)

    ICICI Pru Balanced Advantage Fund(G)
    Dividend Yearly
    NA
    Category
    Hybrid - Equity Oriented
    52-week NAV high
    34.35  (As on 31-08-2018)
    52-week NAV low
    32.46  (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 1.83 -0.21 0.89 2.23 9.57 9.94 8.71 12.55 -
    Scheme Details
    Fund Type
    Open Ended
    Investment Plan
    Growth
    Bonus
    NA
    Launch Date
    Dec 30, 2006
    Last Dividend
    NA
    Minimum Investment
    500
  • ICICI Prudential Asset Management Company Ltd. is one of the leading asset management companies (AMCs) in India. The primary objective of the AMC is to bridge the gap between savings and investments and helping investors to create long term wealth. They offer a wide range of investment solutions which can fit the need of investors of all types. ICICI Prudential Balanced Advantage Fund is one of the 6 hybrid funds which is offered by ICICI Prudential AMC Ltd.

    Investment Objective of the ICICI Prudential Balanced Advantage Fund - Growth

    The primary investment objective of the ICICI Prudential Balanced Advantage Fund - Growth is to offer appreciation of capital and distribution of income to the investors. This is done through the use of strategies based on equity derivatives, arbitrage opportunities, and investments made in equity.

    Key Features of the ICICI Prudential Balanced Advantage Fund - Growth

    The key features of the ICICI Prudential Balanced Advantage Fund - Growth are listed 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 Growth and Dividend options with Dividend Payout and Dividend Reinvestment as sub-options
    Risk Moderately High
    Systematic Investment Plan (SIP) Available
    Systematic Transfer Plan (STP) Available
    Systematic Withdrawal Plan (SWP) Available

    Investment Amount for the ICICI Prudential Balanced Advantage Fund - Growth

    Minimum application amount Rs.5,000 (in multiples of Re.1)
    Minimum additional investment Rs.1,000 (in multiples of Re.1)
    Minimum instalment for Systematic Investment Plan (SIP)
    • Monthly Frequency: Rs.1,000 (in multiples of Re.1) Minimum instalments: 6
    • Quarterly Frequency: Rs.5,000 (in multiples of Re.1) Minimum instalments: 4
    Minimum instalment for Systematic Withdrawal Plan (SWP)
    • Monthly Frequency: Rs.500 (in multiples of Re.1) Minimum instalments: 2
    • Quarterly Frequency: Rs.500 (in multiples of Re.1) Minimum instalments: 2
    Entry Load Not Applicable
    Exit Load
    • If the units purchased or switched in from another scheme are redeemed before the completion of 18 months from the date of allotment:
      • Nil - for up to 15% of the units
      • 1% - for the remaining investments
    • If the units purchased or switched in from another scheme are redeemed after the completion of 18 months from the date of allotment: Nil

    Asset Allocation for the ICICI Prudential Balanced Advantage Fund - Growth

    Type of security Indicative Allocations (percentage of total assets) Risk Profile
    Minimum Maximum High/Medium/Low
    Equity and instruments related to equity 65% 100% Medium to High
    Debt 0% 35% Low to Medium

    Who can Invest in the ICICI Prudential Balanced Advantage Fund - Growth?

    The application for subscription can be submitted by the following persons who meet the eligibility criteria for investing in ICICI Prudential Balanced Advantage Fund - Growth:

    • Resident Individuals either singly or jointly
    • Karta of Hindu Undivided Family (HUF)
    • Partnership Firms
    • Proprietorship which is under a sole proprietor
    • Limited Liability Partnerships
    • A natural guardian or a guardian appointed by the court can invest on behalf of a minor
    • Companies
    • Public Sector Undertakings (PSUs)
    • Bodies Corporate
    • Bodies of Individuals (BOI)
    • Association of Persons (AOP)
    • Religious and Charitable Trusts
    • Non-Resident Indians (NRIs)
    • Banks and Financial Institutions (banks include both Co-operative Banks and Regional Rural Banks (RRBs)
    • Persons of Indian Origin (PIOs)
    • Foreign Portfolio Investors (FPI) who are registered under SEBI
    • Overseas Citizen of India (OCI)
    • Bodies and units created by Army
    • Bodies and units created by Navy
    • Bodies and units created by Air Force
    • Bodies and units created by other paramilitary units
    • Scientific and Industrial Research Organisations
    • Multilateral Funding Agencies
    • RBI
    • Bodies Corporate incorporated outside India with the permission of the Government of India
    • A person who is a resident of Canada and so on.

    NAV Disclosure and Benchmark for the ICICI Prudential Balanced Advantage Fund - Growth

    In order to ascertain the Net Asset Value (NAV) of each unit under the scheme, the net assets of the Scheme have to be divided by the number of units outstanding on the day when the valuation is done. The fund will ascertain the value of the investments as per the recommended valuation norms specified in Schedule VIII of the Securities and Exchange Board of India (Mutual Funds) Regulations, or as per the policy of valuation and procedures of the fund provided in the Statement of Additional Information (SAI).

    The Net Asset Value (NAV) of the scheme is usually rounded up to 2 decimal places. NAVs are calculated and disclosed on all business days at the close of every business day. In case of any delay, the AMC will have to explain the reason in details to AMFI and SEBI by the next day.

    The benchmark of the ICICI Prudential Balanced Advantage Fund - Growth is CRISIL Hybrid 35+65 - Aggressive Index.

    ICICI Prudential Balanced Advantage Fund - Growth Fund Manager

    As on 31 January 2018, the Fund Managers for the ICICI Prudential Balanced Advantage Fund - Growth are:

    1. Mr. Sankaran Naren - Equity
    2. Mr. Rajat Chandak - Equity
    3. Mr. Ihab Dalwai - Equity
    4. Mr. Manish Banthia - Debt

    Mr. Sankaran Naren has a B.Tech degree from IIT Chennai and a PGDM degree from IIM Kolkata and he has been managing the equity portion of this fund since July 2017. Mr. Rajat Chandak has a Bachelor's degree in Commerce along with an MBA degree in Finance and he has been managing the equity portion of this fund since September 2015. Mr. Ihab Dalwai is a Chartered Accountant with a B.Com degree and he has been managing the equity portion of this fund since January 2018. Mr. Manish Banthia has a B.Com, a CA, and an MBA degree and he has been managing the debt portion of this fund since November 2009.

    Investment Restrictions of the ICICI Prudential Balanced Advantage Fund - Growth

    At the time of making investments, there are certain restrictions that are applicable with respect to the scheme. These restrictions are set on the basis of the Trust Deed read with the Securities and Exchange Board of India (Mutual Fund) Regulations. Some of these restrictions are as follows:

    • Investments made in debt instruments which comprise both money market instruments and non-money instruments issued by a single issuer should not be more than 10% of the Net Asset Value (NAV) of the mutual fund scheme. However, the limit of such investment might be extended to 12% of the Net Asset Value (NAV) of the scheme with prior approval of the Board of Trustees and the Board of Directors (BOD) of the Asset Management Company (AMC).
    • The investments can be transferred from one scheme to another scheme under the same mutual fund. However, there are certain conditions which are required to be fulfilled to make the transfer.
    • Investments in unrated debt instruments issued by a single issuer should not exceed 10% of the Net Asset Value (NAV) of the mutual fund scheme. The total investment in such instruments, on the other hand, should not be more than 25% of the Net Asset Value (NAV) of the mutual fund scheme.
    • A company’s paid up capital which carries the voting rights should not be owned by all the schemes under a mutual fund beyond the extent of 10%.
    • Investments should be not be made in fund of fund scheme by the schemes.
    • The schemes should not make an investment in any security of an associate or group company of the sponsor which is unlisted.
    • Investments should not be made by mutual fund schemes in equity shares of any one company exceeding the limit of 10% of its Net Asset Value (NAV).
    • The schemes should not make investments in the securities belonging to group companies of the sponsor which are in excess of 25% of the net assets while being listed.
    • The scheme should not advance any loans for any purpose.
    • A mutual fund can only invest 5% of its Net Asset Value (NAV) in equity shares and other instruments related to equity which are unlisted. However, this limit is for open ended schemes only. For close ended schemes, the limit is 10% of its Net Asset Value (NAV).

    Dividend Policy of the ICICI Prudential Balanced Advantage Fund - Growth

    Under the ICICI Prudential Balanced Advantage Fund - Growth scheme, dividends are not declared. The income which is invested in the scheme will be reinvested and it will reflect in the Net Asset Value (NAV). The growth scheme is suitable for investors who are not seeking regular income. This scheme provides capital appreciation only.

    Other facilities under the ICICI Prudential Balanced Advantage Fund - Growth

    The ICICI Prudential Asset Management Company (AMC) Ltd. offers a number of additional facilities. Some of these facilities which are offered for the ICICI Prudential Balanced Advantage Fund - Growth are listed below:

    • Systematic Investment Plan (SIP)
    • Systematic Investment Plan (SIP) Top up Facility
    • Systematic Withdrawal Plan (SWP)
    • National Automated Clearing House (NACH) platform facility for Systematic Investment Plan (SIP)
    • Systematic Transfer Plan (STP)
    • Automatic Withdrawal Plan (AWP)
    • Flex-Systematic Investment Plan (Flex SIP)
    • Flex-Systematic Transfer Plan (Flex STP)

    Why should you invest in the ICICI Prudential Balanced Advantage Fund - Growth?

    ICICI Prudential Asset Management Company (AMC) Ltd. is one of the most reliable asset management companies (AMC) in the country. The AMC offers a variety of funds and schemes to suit the requirements of every type of investors. Being a very reliable fund house, it has a huge investor base as well. It is sponsored by the likes of ICICI Bank and Prudential Corporation Asia (PCA). This makes the ICICI Prudential Asset Management Company (AMC) Ltd. a better and safer option to invest in.

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

    GST rate of 18% applicable for all financial services effective July 1, 2017.

    reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.