ICICI Pru Balanced Advantage Fund(G)

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

AMC Name
ICICI Prudential Asset Management Company Limited
Balanced Advantage


NAV as on 20 Apr 2021 ₹ 43.81
Min. Investment: ₹ 500
Min Addl. Investment:  ₹ 100
Exit load: Nil upto 10% of units and 1% for Excess units on or before 1Y, Nil after 1Y
Launch date: 30 Dec 2006
Risk-O-Meter High
Benchmark Name: CRISIL Hybrid 50+50 - Moderate Index
Expense Ratio: 1.74
Scheme AUM (in Crores): ₹ 30,280.66
Fund Manager: Manish Banthia, Sankaran Naren, Rajat Chandak, Ihab Dalwai

Performance (As on 20 Apr 2021)

Returns (%)
  Scheme Benchmark
6 Months 13.23 N/A
1 Year 34.18 N/A
3 Years 9.18 N/A
5 Years 10.73 N/A
Since inception (30-Dec-2006) 10.87 N/A
Returns over 1 year are annualised
Key ratios
Lowest 1 year return -19.72%
Average 1 year return 6.47%
% instances of 1-year losses 12%
Standard deviation 8.65
Sharpe 0.35
Calculated based on 1-year rolling return for the past three years, as of March, 2021.


Equity holdings Allocation (%)
ICICI Bank Ltd. 5.9%
Reliance Industries Ltd. 4.61%
HDFC Bank Ltd. 4.55%
Infosys Ltd. 4.5%
HDFC Ltd. 2.83%
Bharti Airtel Ltd. 2.48%
State Bank Of India 2.08%
Motherson Sumi Systems Ltd. 2.06%
NTPC Ltd. 2.03%
TVS Motor Company Ltd. 1.92%

Debt holdings Allocation (%)
Net Current Assets 28.76%
TREPS 5.11%
364 Days Treasury Bills 3.37%
Axis Bank Ltd. (Additional Tier 1 - Basel III) ** 2.3%
364 Days Treasury Bills 2.13%
Government Securities 1.72%
ICICI Bank Ltd. (Additional Tier 1 - Basel III) ** 1.55%
Axis Bank Ltd. (Additional Tier 1 - Basel III) ** 1.47%
182 Days Treasury Bills 1.15%
State Government of Uttar Pradesh 1.01%

Asset allocation


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.


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.


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.

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