ICICI Prudential Balanced Advantage Fund

NAV Date 09-12-2019
Fund Name Category NAV NAV Change 1 year %
ICICI Pru Balanced Advantage Fund(G) Hybrid - Equity Oriented 37.53 0.0100 11.40
ICICI Pru Bluechip Fund(G) Equity - Large Cap 43.5 0.0200 10.72
ICICI Pru Equity & Debt Fund(G) Hybrid - Equity Oriented 136.46 0.1700 09.95
ICICI Pru LT Equity Fund (Tax Saving)(D) Equity - Tax Saving 20.23 0.0100 08.31
ICICI Pru Midcap Fund(G) Equity - Mid Cap 93.11 0.1800 02.25
ICICI Pru Multi-Asset Fund(G) Equity - Large Cap 269.85 0.5508 08.78
ICICI Pru Savings Fund(G) Debt - Liquid 380.13 0.0641 08.90
ICICI Pru Short Term Fund(G) Debt - Short Term Income 41.1 0.0005 09.71
ICICI Pru Value Discovery Fund(G) Equity - Large Cap 139.7 0.2400 02.52
ICICI Pru Child Care Fund-Gift Plan Hybrid - Equity Oriented 142.74 0.0200 08.78
ICICI Pru Child Care Fund-Gift Plan-Direct Plan Hybrid - Equity Oriented 150.75 0.0100 09.70
ICICI Pru Equity & Debt Fund(G)-Direct Plan Hybrid - Equity Oriented 146.79 0.1900 10.70
ICICI Pru FMCG Fund(G) Equity - FMCG 247.09 1.1000 08.18
ICICI Pru FMCG Fund(G)-Direct Plan Equity - FMCG 260.27 1.1400 09.31
ICICI Pru Floating Interest Fund(B) Debt - Ultra Short Term 148.66 0.0049 08.56
ICICI Pru Floating Interest Fund(D) Debt - Ultra Short Term 148.61 0.0048 08.52
ICICI Pru Floating Interest Fund(D)-Direct Plan Debt - Ultra Short Term 152.37 0.0043 09.73
ICICI Pru Floating Interest Fund(DP) Debt - Ultra Short Term 148.61 0.0048 08.52
ICICI Pru Floating Interest Fund(DP)-Direct Plan Debt - Ultra Short Term 152.37 0.0043 09.73
ICICI Pru Floating Interest Fund(G) Debt - Ultra Short Term 294.32 0.0095 08.52
ICICI Pru Floating Interest Fund(G)-Direct Plan Debt - Ultra Short Term 309.46 0.0088 09.37
ICICI Pru Floating Interest Fund-Option A(G) Debt - Ultra Short Term 294.66 0.0093 08.53
ICICI Pru Floating Interest Fund-Option B(G) Debt - Ultra Short Term 318.16 0.0100 08.53
ICICI Pru LT Equity Fund (Tax Saving)(G)-Direct Plan Equity - Tax Saving 407.04 0.2700 10.81
ICICI Pru Large & Mid Cap Fund(G) Equity - Large Cap 324.62 0.8300 07.24
ICICI Pru Large & Mid Cap Fund(G)-Direct Plan Equity - Large Cap 346.23 0.8600 08.18
ICICI Pru Liquid Fund(B)-Direct Plan Debt - Liquid 146.03 0.0239 06.81
ICICI Pru Liquid Fund(D) Debt - Liquid 145.24 0.0235 06.74
ICICI Pru Liquid Fund(D)-Direct Plan Debt - Liquid 145.68 0.0239 06.81
ICICI Pru Liquid Fund(DP)-Direct Plan Debt - Liquid 145.68 0.0239 06.81
ICICI Pru Liquid Fund(G) Debt - Liquid 287.53 0.0465 06.74
ICICI Pru Liquid Fund(G)-Direct Plan Debt - Liquid 288.71 0.0472 06.81
ICICI Pru Liquid Fund-Inst(G) Debt - Liquid 453.24 0.0691 06.35
ICICI Pru Liquid Fund-Inst-1(G) Debt - Liquid 270.08 0.0420 06.45
ICICI Pru Liquid Fund-Ret(G) Debt - Liquid 441.92 0.0674 06.35
ICICI Pru Money Market Fund(B)-Direct Plan Debt - Liquid 147.5 0.0700 08.26
ICICI Pru Money Market Fund(G) Debt - Liquid 272.62 0.1263 08.12
ICICI Pru Money Market Fund(G)-Direct Plan Debt - Liquid 274.25 0.1297 08.25
ICICI Pru Money Market-Ret(G) Debt - Liquid 299.68 0.1306 07.76
ICICI Pru Multi-Asset Fund(G)-Direct Plan Equity - Large Cap 285.81 0.5689 09.59
ICICI Pru Multicap Fund(G) Equity - Multi Cap 291.53 0.3000 07.12
ICICI Pru Multicap Fund(G)-Direct Plan Equity - Multi Cap 309.69 0.2900 08.16
ICICI Pru Savings Fund(B) Debt - Ultra Short Term 151.65 0.0255 08.90
ICICI Pru Savings Fund(D) Debt - Ultra Short Term 151.89 0.0256 08.90
ICICI Pru Savings Fund(D)-Direct Plan Debt - Ultra Short Term 153.27 0.0270 09.03
ICICI Pru Savings Fund(DP)-Direct Plan Debt - Ultra Short Term 153.27 0.0270 09.03
ICICI Pru Savings Fund(G)-Direct Plan Debt - Ultra Short Term 382.99 0.0674 09.03
ICICI Pru Savings Fund-Ret(G) Debt - Ultra Short Term 215.92 0.0235 08.11
ICICI Pru Sensex ETF Equity - ETF 430.94 0.4483 14.66
ICICI Pru Value Discovery Fund(G)-Direct Plan Equity - Multi Cap 148.94 0.2500 03.17
View moreless

The Balanced Advantage Fund offered by ICICI Prudential is a fund that allows investors to take advantage of both the equity and debt markets. It is meant for investors who are looking for returns in the long run and are ok with a higher risk profile. The fund has no entry loads and not exit loads either if investments are not withdrawn within a specific period. One of the advantages of this fund is that it can take advantage even of volatile markets.

Type or nature of fund

This is an open ended equity fund.

Investment objective

The objective of this fund is to create wealth over a long period of time through a balanced investment in equity markets as well as debt markets and money instruments. It also aims to do this by mitigating the risk from equity markets as much as possible by not sticking to a single strategy alone.

Fund information

Inception date 30 December 2006
CRISIL rank 4 as of June 2015
Plans Regular and Direct
Options Growth and Dividend
Schemes

•ICICI Prudential Balanced Advantage Fund - Direct Plan - Dividend

•ICICI Prudential Balanced Advantage Fund - Direct Plan - Growth

•ICICI Prudential Balanced Advantage Fund - Direct Plan - Monthly Dividend

•ICICI Prudential Balanced Advantage Fund - Direct Plan - Quarterly Dividend

•ICICI Prudential Balanced Advantage Fund - Regular Plan - Dividend

•ICICI Prudential Balanced Advantage Fund - Regular Plan - Growth

•ICICI Prudential Balanced Advantage Fund - Regular Plan - Monthly Dividend

•ICICI Prudential Balanced Advantage Fund - Regular Plan - Quarterly Dividend

Entry load Nil but there may be an upfront fee payable by the investor in case the scheme is purchased via a certified distributor. The fee will be paid directly to the distributor.
Exit load

1% of the NAV If the units are redeemed or switched from one scheme to another within 18 months of allotment and the units are in excess of what is allowed.

In other cases NIL

Minimum investment Rs. 5,000 with increments in multiples of Re. 1
SIP

•For monthly instalments the minimum amount is Rs. 1,000 with 5 post dated cheques for future investments.

•For quarterly investments the minimum amount is Rs. 5,000 with 4 post dated cheques.

Product label

•The risk factor of this fund is Moderately High.

•It is aimed at those investors who are looking for long term investment in equity markets but with mitigated risks.

Benchmark

CNX NIFTY Index

CNX Nifty is the index that is calculated based on free floating market capitalisation weightage. It is also referred to as Nifty 50 or just Nifty and covers 22 different sectors.

SWP The minimum amount that can be withdrawn through an SWP is Rs. 500.
STP Available. The minimum amount that can be transferred is Rs. 1,000 and the maximum tenure for the STP is 10 years.
Redemption The minimum amount that can be redeemed is Rs. 500 and in multiples of thereof. Redemptions can be availed in the form of cheques which will be issued in 3 to 6 business days.

Fund manager(s)

Manish Gunwani (Equity)

  • Education: B.Tech from IIT Chennai and PGDM from IIM Banglore
  • Past experience:
    • Senior Fund Manager – ICICI Prudential AMC Ltd.
    • Head-India operations - Vicisoft Technologies Pvt. Ltd
    • Sr. Analyst - Lehman Brothers
    • Head – Midcap Team - Brics Securities
    • Analyst(portfolio management) - Lucky Securities
    • Co-founder - Vicisoft Technologies Pvt. Ltd
    • Research Analyst – SSKI
  • Other funds managed
    • ICICI Prudential Focused Bluechip Equity Fund
    • ICICI Prudential R.I.G.H.T. (Rewards of Investing and Generation of Healthy Tax Savings) Fund
    • ICICI Prudential Balanced Advantage Fund – Equity Portion
    • ICICI Prudential Equity Savings Fund Series 1
    • ICICI Prudential Growth Fund – Series 1
    • ICICI Prudential Growth Fund – Series 3
    • ICICI Prudential Growth Fund – Series 7

Ashwin Jain (Equity)

  • Education: B.E and PGDM
  • Past experience:
    • Senior Analyst at Merill Lynch
    • Research Analyst at Irevna (part of the Standards and Poor's Group)
    • Software Engineer at HCL Technologies
  • Other funds managed
    • ICICI Prudential Growth Fund – Series 3
    • ICICI Prudential Balanced Advantage Fund

Manish Banthia (Debt)

  • Education: B.COM, CA and MBA
  • Past experience:
    • Aditya Birla Nuvo Ltd.
    • Aditya Birla Management Corporation Ltd.
  • Other funds managed
    • ICICI Prudential Equity Arbitrage Fund - Debt Portion
    • ICICI Prudential Short Term Plan
    • ICICI Prudential Blended Plan A – Debt Portion
    • ICICI Prudential Long Term Plan
    • ICICI Prudential Gold Exchange Traded Fund
    • ICICI Prudential Regular Gold Savings Fund
    • ICICI Prudential Child Care Plan – Study Plan – Debt portion
    • ICICI Prudential Child Care Plan – Gift Plan – Debt portion
    • ICICI Prudential Monthly Income Plan – Debt Portion
    • ICICI Prudential MIP 25 – Debt portion
    • ICICI Prudential Income Opportunities Fund
    • ICICI Prudential Income Plan
    • ICICI Prudential Balanced Fund – Debt Portion
    • ICICI Prudential Gilt Fund Investment Plan PF Option
    • ICICI Prudential Equity Income Fund – Debt portion

Investment philosophy or strategy

The philosophy of the ICICI Prudential Balanced Advantage Fund is to invest in such a way as to provide returns that are not too volatile. This means that the returns are fairly steady which is achieved by investing in a mix of debt and equity market instruments. Equity investments in this fund are made to hedge against any bad spells in the debt markets.

Portfolio

Sector Investment
Equity Shares 65.30%
Debt Holdings 34.83%
CPs and CDs

•HDFC Ltd. ICRA A1+ 12.35%

•Indiabulls Housing Finance Ltd. CRISIL A1+ 0.93%

13.28%
Government Securities 12.65%
Banks

•HDFC Bank Ltd. 5.34%

•ICICI Bank Ltd. 3.08%

•State Bank Of India 1.09%

•Axis Bank Ltd. 0.78%

•Union Bank Of India 0.44%

•IndusInd Bank Ltd. 0.41%

•DCB Bank Ltd. 0.24%

•The Federal Bank Ltd. 0.21%

•Kotak Mahindra Bank Ltd. 0.20%

•City Union Bank Ltd. 0.17%

•Punjab National Bank 0.05%

12.00%
Software

•HCL Technologies Ltd. 2.37%

•Tech Mahindra Ltd. 2.36%

•Wipro Ltd. 1.76%

•Infosys Ltd. 1.53%

•Info Edge (India) Ltd. 0.66%

•Oracle Financial Services Software Ltd. 0.48%

9.15%
Auto

•Mahindra & Mahindra Ltd. 2.76%

•Mahindra & Mahindra Ltd. - Futures 0.14%

•Tata Motors Ltd. 1.28%

•Tata Motors Ltd. - Futures -0.23%

•Hero Motocorp Ltd. 1.18%

•Maruti Suzuki India Ltd. 0.64%

5.86%
Finance

•Bajaj Finserv Ltd. 1.80%

•HDFC Ltd. 1.62%

•HDFC Ltd. - Futures -0.24%

•Max India Ltd. 1.10%

•SKS Microfinance Ltd. 0.44%

•Muthoot Finance Ltd. 0.36%

•Sundaram Finance Ltd. 0.33%

•Mahindra & Mahindra Financial Services Ltd. 0.02%

5.67%
Pharmaceuticals

•Dr. Reddy's Laboratories Ltd. 1.61%

•Divi's Laboratories Ltd. 1.25%

•Cipla Ltd. 0.89%

•Alembic Pharmaceuticals Ltd. 0.63%

•Sanofi India Ltd. 0.45%

•Lupin Ltd. 0.36%

5.20%
Consumer Non Durables

•ITC Ltd. 2.91%

•ITC Ltd. - Futures -0.18%

•Procter & Gamble Hygiene and Health Care Ltd. 0.82%

•United Spirits Ltd. 0.66%

•Tata Global Beverages Ltd. 0.54%

4.93%

Risk measures

Sharpe ratio 1.23
Alpha  
Portfolio beta 0.85
Std deviation 8.81%

Performance

AUM Rs. 6258.65 crores (As of 30 June, 2015)
NAV (As of June 30, 2015)

•Regular Plan Growth Option: Rs. 25.58

•Regular Plan Dividend Option: Rs. 16.65

•Direct Plan Growth Option: Rs. 26.18

•Direct Plan Dividend Option: Rs. 19.01

Expense ratio

;ICICI Prudential Balanced Advantage Fund - Direct Plan: 1.15

ICICI Prudential Balanced Advantage Fund - Regular Plan

•First 100 crore - 2.5%

•Next 300 crore - 2.25%

•Net 300 crore - 2%

•Balance - 1.75%

•Max 30 bps on daily net asset on sales outside to 15 cities

Returns

  2014-2015 (Absolute Returns) 2013-2014 (Absolute Returns) 2012-2013 (Absolute Returns) Compound Annual Growth Rate (Since Inception)
Scheme 15.23% 21.21% 13.63% 11.68%
NIFTY 9.95% 30.28% 10.67% 9.18%
NAV (in Rs.) 22.2 16.92 14.89 -

The growth in this plan has been such that if someone had invested Rs. 10,000 at inception, their investment would now be valued at Rs. 25,580 as opposed to the value the benchmark would have provided, which would be Rs. 21,098.48.

Expert view of the fund

This is a fund that can take advantage of volatile markets. It keeps 65% for equity investments and invests in debt markets too. The investment strategy of this fund provides the returns that are slightly higher than what can be expected from debt markets but not as volatile as those provided by the equity markets. This fund also has outperformed its benchmark consistently and has investments in both large and mid cap stocks. Investments made in the debt market have also been concentrated more towards maturity period that were short or medium.

How to apply

To apply offline for this mutual fund, investors can visit any branch of ICICI Prudential. They will then be able to talk to the representatives and get any doubts answered. The representative will also be able to help them fill up and submit the forms and make payments towards the investments. These payments can be made by cheques and demand drafts. This mutual fund is also available with certified distributors.

To apply online for this mutual fund, all investors have to do is to visit the fund website and register as existing or new investors. Once that is done they will be able to invest in this fund online. Investments can be made through lump sum payments and SIPs and the payments can be done via NEFT/RTGS transfers and debit cards.

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.

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.

reTH65gcmBgCJ7k
This Page is BLOCKED as it is using Iframes.