ICICI Pru Balanced Advantage Fund(G)

View the direct plan of this scheme

Rs 69.07   0.38(0.553 %) NAV as on 22 Nov 2024
Prime Rating: 4.5 
Prime Recommendation: Upgrade to see

Fund type:
Hybrid
AUM (in crores):
₹ 60,544.87
Fund category:
Balanced Advantage
Fund manager(s):
Manish Banthia, Sankaran Naren, Rajat Chandak, Ihab Dalwai
Benchmark:
CRISIL Hybrid 50+50 - Moderate Index
Minimum investment:
₹ 500
Launch date:
30 Dec 2006
Min. additional investment:
₹ 100
Expense ratio:
1.46 %
Exit load:
Nil upto 30% of units and 1% for remaining units on or before 1Y, Nil after 1Y

Scheme Objective: To provide capital appreciation and income distribution to the investors by using equity derivatives strategies, arbitrage opportunities and pure equity investments.


Performance (As on 22 Nov 2024)

6 month returns 1 year returns3 year returns5 year returns Returns since inception
Scheme5.63 % 17.47 % 12.03 %12.98 % 11.39 %

Portfolio

Equity holdings
Allocation (%)
TVS Motor Company Ltd.
4.59%
ICICI Bank Ltd.
4.43%
HDFC Bank Ltd.
3.84%
Maruti Suzuki India Ltd.
3.45%
Infosys Ltd.
3.02%
ITC Ltd.
2.61%
Larsen & Toubro Ltd.
2.49%
Reliance Industries Ltd.
1.96%
NTPC Ltd.
1.86%
State Bank Of India
1.85%
Debt holdings
Allocation (%)
TREPS
9.53%
7.53% Government Securities
2.24%
7.93% Government Securities
1.66%
7.18% Government Securities
1.32%
91 Days Treasury Bills
0.67%
Punjab National Bank **
0.65%
7.1% Government Securities
0.59%
8.95% Bharti Telecom Ltd. **
0.53%
8.7% Bharti Telecom Ltd. **
0.51%
182 Days Treasury Bills
0.47%

About this category

Balanced advantage funds invest in stocks, but hedge part of this exposure through derivatives. They also maintain a portion of their portfolio in debt instruments. These funds shift allocations to equity, derivatives and debt based on market movement and valuations. These funds offer lower-risk participation to equity and are less volatile than even aggressive hybrid funds.

Suitability

These funds suit all investors, but especially conservative investors who wish for low-volatile equity exposure. These funds need to be held for a minimum of 1.5 years.

Taxation
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