ICICI Pru Balanced Advantage Fund(G)-Direct Plan

View the regular plan of this scheme

Rs 72.99   0.03(0.041 %) NAV as on 24 May 2024
Prime Rating: 5 
Prime Recommendation: Upgrade to see

Fund type:
Hybrid
AUM (in crores):
₹ 56,709.02
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:
01 Jan 2013
Min. additional investment:
₹ 100
Expense ratio:
0.86 %
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 24 May 2024)

6 month returns 1 year returns3 year returns5 year returns Returns since inception
Scheme12.21 % 22.47 % 13.79 %13.60 % 13.47 %

Portfolio

Equity holdings
Allocation (%)
ICICI Bank Ltd.
4.99%
TVS Motor Company Ltd.
4.52%
Maruti Suzuki India Ltd.
4.11%
HDFC Bank Ltd.
3.9%
Infosys Ltd.
3.06%
ITC Ltd.
2.89%
Reliance Industries Ltd.
2.4%
Larsen & Toubro Ltd.
2.31%
Avenue Supermarts Ltd.
2.2%
State Bank Of India
2.03%
Debt holdings
Allocation (%)
7.18% Government Securities
4.89%
8.34% Government Securities
3.61%
TREPS
3.28%
8% Government Securities
2.69%
182 Days Treasury Bills
1.01%
7.26% Government Securities
0.97%
7.06% Government Securities
0.71%
8.95% Bharti Telecom Ltd. **
0.57%
8.7% Bharti Telecom Ltd. **
0.55%
7.38% Government Securities
0.5%

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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