ICICI Prudential Balanced Fund

NAV Date 12-12-2019
Fund Name Category NAV NAV Change 1 year %
ICICI Pru Balanced Advantage Fund(G) Hybrid - Equity Oriented 37.59 0.1000 10.79
ICICI Pru Bluechip Fund(G) Equity - Large Cap 43.67 0.1900 09.86
ICICI Pru Equity & Debt Fund(G) Hybrid - Equity Oriented 136.9 0.8500 09.11
ICICI Pru LT Equity Fund (Tax Saving)(D) Equity - Tax Saving 19.6 0.1000 06.07
ICICI Pru Midcap Fund(G) Equity - Mid Cap 93.15 0.5900 -00.72
ICICI Pru Multi-Asset Fund(G) Equity - Large Cap 270.64 1.5610 07.37
ICICI Pru Savings Fund(G) Debt - Liquid 380.07 0.0362 08.85
ICICI Pru Short Term Fund(G) Debt - Short Term Income 41.05 0.0021 09.61
ICICI Pru Value Discovery Fund(G) Equity - Large Cap 139.65 0.3800 00.85
ICICI Pru Child Care Fund-Gift Plan Hybrid - Equity Oriented 143.01 0.3000 08.01
ICICI Pru Child Care Fund-Gift Plan-Direct Plan Hybrid - Equity Oriented 151.05 0.3200 08.92
ICICI Pru Equity & Debt Fund(G)-Direct Plan Hybrid - Equity Oriented 147.27 0.9200 09.85
ICICI Pru FMCG Fund(G) Equity - FMCG 245.59 0.8400 05.43
ICICI Pru FMCG Fund(G)-Direct Plan Equity - FMCG 258.71 0.8900 06.53
ICICI Pru Floating Interest Fund(B) Debt - Ultra Short Term 148.65 0.0182 08.54
ICICI Pru Floating Interest Fund(D) Debt - Ultra Short Term 148.6 0.0181 08.50
ICICI Pru Floating Interest Fund(D)-Direct Plan Debt - Ultra Short Term 152.37 0.0217 09.72
ICICI Pru Floating Interest Fund(DP) Debt - Ultra Short Term 148.6 0.0181 08.50
ICICI Pru Floating Interest Fund(DP)-Direct Plan Debt - Ultra Short Term 152.37 0.0217 09.72
ICICI Pru Floating Interest Fund(G) Debt - Ultra Short Term 294.28 0.0360 08.50
ICICI Pru Floating Interest Fund(G)-Direct Plan Debt - Ultra Short Term 309.44 0.0441 09.35
ICICI Pru Floating Interest Fund-Option A(G) Debt - Ultra Short Term 294.63 0.0361 08.51
ICICI Pru Floating Interest Fund-Option B(G) Debt - Ultra Short Term 318.13 0.0390 08.51
ICICI Pru LT Equity Fund (Tax Saving)(G)-Direct Plan Equity - Tax Saving 408.67 1.9900 08.98
ICICI Pru Large & Mid Cap Fund(G) Equity - Large Cap 325.21 1.8900 05.23
ICICI Pru Large & Mid Cap Fund(G)-Direct Plan Equity - Large Cap 346.88 2.0200 06.13
ICICI Pru Liquid Fund(B)-Direct Plan Debt - Liquid 146.1 0.0210 06.80
ICICI Pru Liquid Fund(D) Debt - Liquid 145.31 0.0206 06.72
ICICI Pru Liquid Fund(D)-Direct Plan Debt - Liquid 145.75 0.0209 06.80
ICICI Pru Liquid Fund(DP)-Direct Plan Debt - Liquid 145.75 0.0209 06.80
ICICI Pru Liquid Fund(G) Debt - Liquid 287.66 0.0406 06.72
ICICI Pru Liquid Fund(G)-Direct Plan Debt - Liquid 288.84 0.0414 06.80
ICICI Pru Liquid Fund-Inst(G) Debt - Liquid 453.43 0.0599 06.34
ICICI Pru Liquid Fund-Inst-1(G) Debt - Liquid 270.2 0.0365 06.43
ICICI Pru Liquid Fund-Ret(G) Debt - Liquid 442.1 0.0585 06.34
ICICI Pru Money Market Fund(B)-Direct Plan Debt - Liquid 147.58 0.0225 08.26
ICICI Pru Money Market Fund(G) Debt - Liquid 272.76 0.0405 08.12
ICICI Pru Money Market Fund(G)-Direct Plan Debt - Liquid 274.4 0.0417 08.25
ICICI Pru Money Market-Ret(G) Debt - Liquid 299.83 0.0418 07.77
ICICI Pru Multi-Asset Fund(G)-Direct Plan Equity - Large Cap 286.67 1.6598 08.17
ICICI Pru Multicap Fund(G) Equity - Multi Cap 291.75 1.8500 05.56
ICICI Pru Multicap Fund(G)-Direct Plan Equity - Multi Cap 309.94 1.9700 06.58
ICICI Pru Savings Fund(B) Debt - Ultra Short Term 151.63 0.0145 08.85
ICICI Pru Savings Fund(D) Debt - Ultra Short Term 151.87 0.0145 08.85
ICICI Pru Savings Fund(D)-Direct Plan Debt - Ultra Short Term 153.25 0.0150 08.98
ICICI Pru Savings Fund(DP)-Direct Plan Debt - Ultra Short Term 153.25 0.0150 08.98
ICICI Pru Savings Fund(G)-Direct Plan Debt - Ultra Short Term 382.93 0.0374 08.98
ICICI Pru Savings Fund-Ret(G) Debt - Ultra Short Term 215.88 0.0163 08.06
ICICI Pru Sensex ETF Equity - ETF 431.94 1.7984 14.59
ICICI Pru Value Discovery Fund(G)-Direct Plan Equity - Multi Cap 148.88 0.4100 01.49
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The Balanced fund offered by ICICI Prudential is a fund that offers a mix of equity and debt investments so as to facilitate long term wealth creation. The nature of this fund brings balances growth and income through this investment philosophy. It also offers systematic investment and withdrawal options along with minimum investment amounts of Rs. 5,000. The fund also features attractive returns and has, between 2013 and 2015, managed to outperform its benchmark.

Type or nature of fund

This is an open-ended balanced fund.

Investment objective

The objective of this investment is to provide long term capital returns through a balanced investment in both the equity and debt markets. It also aims to reduce the volatility of the returns through measured investments.

Fund information

Inception date 3 November 1999
CRISIL rank 3 as of June 2015
Plans Regular and Direct
Options The default option is Growth
Schemes
  • ICICI Prudential Balanced Fund - Direct Plan - Dividend
  • ICICI Prudential Balanced Fund - Direct Plan - Growth
  • ICICI Prudential Balanced Fund - Direct Plan - Half Yearly Dividend
  • ICICI Prudential Balanced Fund - Regular Plan - Dividend
  • ICICI Prudential Balanced Fund - Regular Plan - Growth
  • ICICI Prudential Balanced Fund - Regular Plan - Half Yearly Dividend
Entry load Nil
Exit load 1% of the NAV if the amount being withdrawn or switched has been invested from less than 1 year since allocation.
Minimum investment
  • Rs. 5,000 for new investments.
  • Rs. 1,000 for additional investments.
SIP
  • Rs. 1,000 for monthly SIP with 5 post dated cheques.
  • Rs. 5,000 for quarterly SIP with 3 post dated cheques.
Product label
  • The risk factor associated with this fund is Moderately High
  • It is ideal for those who are looking to create wealth over a long term with returns that are not very volatile.
Benchmark

CNX Nifty Index

CNX Nifty is the equity benchmark used by the NSE. It is computed based on the free floating method and covers 22 sectors of the Indian economy.

SWP The minimum amount that can be withdrawn in an SWP is Rs. 500 with increments in multiples of of Re. 1.
STP Available
Redemption The minimum amount that can be withdrawn is Rs. 500 with increments in multiples of Re. 1.

Fund manager(s)

Yogesh Bhatt (Equity)

  • Education: ACA and CWA
  • Past experience:
    • Senior Fund Manager MF Equity, ICICI Prudential AMC Ltd
    • Fund Manager - International advisory, ICICI Prudential AMC Ltd
    • Dealer, ICICI Prudential AMC Ltd.
    Other funds managed
    • ICICI Prudential Infrastructure Fund
    • ICICI Prudential Top 200 Fund
    • ICICI Prudential Exports and Other Services Fund
    • ICICI Prudential Growth Fund – Series 2
    • ICICI Prudential Growth Fund – Series 4
    • ICICI Prudential Growth Fund – Series 5
    • ICICI Prudential Growth Fund – Series 6

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 Balanced Advantage Fund – Debt Portion
    • 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

Investment philosophy or strategy

The investment philosophy followed in this fund is to adjust for risk on the returns through balanced investments in equity and debt. This means that if the markets are bullish, exporsure to equity may be increased to as much as 80% while it may be reduced to as little as 65% if the markets are bearish.

Portfolio (As of June 2015)

Company/Sector Investment
Government Securities 20.61%
Long Terms (Debt)
  • 08.60% GOI 2028 SOV 7.74%
  • 08.30% GOI 2042 SOV 4.96%
  • 07.88% GOI 2030 SOV 4.58%
  • 08.24% GOI 2033 SOV 0.47%
  • 08.15% GOI 2026 SOV 0.23%
17.98%
Software
  • Infosys Ltd. 3.28%
  • Tech Mahindra Ltd. 2.06%
  • HCL Technologies Ltd. 1.88%
  • Wipro Ltd. 1.86%
9.07%
Banks
  • HDFC Bank Ltd. 6.19%
  • City Union Bank Ltd. 1.63%
  • ICICI Bank Ltd. 1.36%
  • The Federal Bank Ltd. 1.30%
  • The Federal Bank Ltd. - Futures 0.34%
  • The South Indian Bank Ltd. 1.15%
  • State Bank Of India 0.98%
  • State Bank Of India - Futures 0.49%
  • Punjab National Bank 0.66%
  • Oriental Bank Of Commerce 0.60%
13.86%
Auto
  • Tata Motors Ltd. 2.67%
  • Maruti Suzuki India Ltd. 2.34%
  • Mahindra & Mahindra Ltd. 1.57%
  • V.S.T Tillers Tractors Ltd. 0.41%
6.98%
Consumer Non Durables
  • ITC Ltd. 2.74%
  • Britannia Industries Ltd. 1.93%
  • United Spirits Ltd. 1.86%
6.53%
Pharmaceuticals
  • Dr. Reddy's Laboratories Ltd. 2.85%
  • Alembic Pharmaceuticals Ltd. 1.54%
  • Sanofi India Ltd. 0.98%
  • Sun Pharmaceutical Industries Ltd. 0.98%
6.35%
Construction Project
  • Larsen & Toubro Ltd. 2.68%
  • Ashoka Buildcon Ltd. 1.36%
4.04%
Cement
  • Grasim Industries Ltd. 3.22%
3.22%
Finance
  • Bajaj Finserv Ltd. 3.02%
3.02%

Risk measures

Sharpe ratio

1.29

Alpha

Portfolio beta

1.06

Std deviation

10.89% (annual)

Performance

AUM Rs. 2032.01 crores (As of 30 June 2015)
NAV (As of June 30, 2015)
  • Regular Plan Growth Option: 91.14
  • Regular Plan Dividend Option: 22.84
  • Direct Plan Growth Option: 93.06
  • Direct Plan Dividend Option: 25.86
Expense ratio
  • ICICI Prudential Balanced Fund Direct Plan - 0.95
  • ICICI Prudential Balanced Fund Regular Plan
  • First 100 crores of daily net assets - 2.5%
  • Next 300 crores of daily net assets - 2.25%
  • Next 300 crores of daily net assets - 2%
  • Balance daily net assets - 1.75%
  • Additional charge of a maximum of 30 bps on sales outside top 15 cities

Returns

2014-2015 (Absolute Returns) 2013-2014 (Absolute Returns) 2012-2013 (Absolute Returns) Compound Annual Growth Rate (Since Inception)
Scheme 17.06% 41.23% 13.58% 15.15%
NIFTY 9.95% 30.28% 10.67% 12.48%
NAV (in Rs.) 77.86 55.13 48.54 -

The growth in this fund has been such that if Rs. 10,000 had been invested in it in the year of its inception, today it would have grown to about Rs. 91,140 in the scheme and to about Rs. 63,091 in the CNX Nifty index. This calculation has been done assuming the NAV to be Rs. 10.

Expert view of the fund

This is a fund that has consistently outperformed its benchmark between 2013 and 2015. It has a good ranking from CRISIL and has provided returns that have been in double digits, especially if the investment was made in SIP. The fund has about 67% investment in the equity market and about 32% in the debt markets. The best performing sectors in this fund have been banks, software and Government Securities.

How to apply

To be able to invest in this fund, ICICI Prudential has provided investors with two options. The first option is the offline investment choice where investors can approach the ICICI Prudential branch where they can get a complete understanding of the fund and get help with filling up all the forms required to initiate the investment.

The other option for investment is the online option where investors can log onto the ICICI Prudential website and start investing in the plan of their choice. This option is available to both new and existing investors. Payments for these investments can be done either through cheques and demand drafts or through debit cards and online options like NEFT and RTGS transfers.

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