ICICI Pru Balanced Advantage Fund(G)

View the direct plan of this scheme

Rs 64.19   0.23(0.36 %) NAV as on 27 Mar 2024
Prime Rating: 5 
Prime Recommendation: Upgrade to see

Fund type:
Hybrid
AUM (in crores):
₹ 55,229.33
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:
1.48 %
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 27 Mar 2024)

6 month returns 1 year returns3 year returns5 year returns Returns since inception
Scheme11.25 % 23.66 % 13.39 %12.84 % 11.38 %

Portfolio

Equity holdings
Allocation (%)
ICICI Bank Ltd.
4.69%
TVS Motor Company Ltd.
4.55%
HDFC Bank Ltd.
3.62%
Infosys Ltd.
3.58%
Maruti Suzuki India Ltd.
3.45%
Reliance Industries Ltd.
2.45%
Larsen & Toubro Ltd.
2.36%
State Bank Of India
2.04%
Avenue Supermarts Ltd.
1.93%
Bharti Airtel Ltd.
1.89%
Debt holdings
Allocation (%)
8.25% Government Securities
4.76%
TREPS
4.3%
7.18% Government Securities
3.02%
8.10% Government Securities
2.73%
Net Current Assets
2.27%
182 Days Treasury Bills
1.03%
7.26% Government Securities
1%
364 Days Treasury Bills
0.98%
7.06% Government Securities
0.91%
8.95% Bharti Telecom Ltd. **
0.58%

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

Short-term: Holding period is less than 12 months.

Taxation: Capital gains are taxed at 15%


Long-term: Holding period is 12 months or more.

Taxation: Capital gains up to Rs 100,000 each financial year is tax-exempt. Remaining capital gains is taxed at 10%. For investments made on or before January 31st, 2018: Capital gain up to this date is tax-free.

How are mutual funds taxed?

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