ICICI Prudential Balanced Advantage Direct Growth-0.74%

5Groww
2.13%
1 Year Return
Hybrid
Balanced Advantage
5.0 star
6M
1Y
3Y
5Y
All

Fund Details

ICICI Prudential Balanced Advantage Direct Growth

RiskModerate
Min SIP Amount₹100
Expense Ratio1.27%
NAV38.53 (08 Jul 2019)
Fund Started31 Dec 2012
Fund Size27,798 Cr

Returns

1Y
3Y*
5Y*
Since inception*
ICICI Prudential Balanced Advantage Direct Growth
2.1%
8.0%
9.8%
12.2%
Category Average
NA
NA
NA
-
Rank within category
NA
NA
NA
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    For how many years?
    1 Year
    3 Years
    5 Years
    Estimated Value
    as per Historical Returns
    30
    with 2.1% annual returns

    Comparison

    Data not available
    Pros
    1. Age is more than 10 years
    2. Risk is lower compared to the benchmark
    3. 3Y Returns are higher than the benchmark
    4. 5Y Returns are higher than the benchmark
    5. 10Y Returns are higher than the benchmark
    Cons
    1. Asset under management(AUM) is more than 10000 Crs. Returns tend to go low once AUM exceeds a certain amount

    Top Holdings

    NameSectorInstrument% Assets
    Current AssetsCurrent AssetsCurrent Assets26.2%
    Housing Development Finance Corporation Ltd.Financial ServicesEquity4.3%
    HDFC Bank Ltd.Financial ServicesEquity4.0%
    NiftyMiscellaneousFutures3.4%
    Infosys Ltd.ITEquity3.2%
    Axis Bank Ltd.Financial ServicesEquity2.5%
    ITC Ltd.Consumer GoodsEquity2.5%
    Larsen & Toubro Ltd.ConstructionEquity2.1%
    State Bank of IndiaFinancial ServicesEquity2.1%
    Kotak Mahindra Bank Ltd.Financial ServicesEquity2.0%
    See All

    Fund Managers

    addDharmesh Kakkad
    Education
    Mr. kakkad is B.com., CA & CFA.
    Experience
    Mr. Kakkad is Manager in ICICI Prudential Mutual Fund since 2009.
    Funds Managed

    Other Details

    ICICI Prudential Balanced Advantage Direct Growth is a Hybrid Mutual Fund Scheme launched by ICICI Prudential Mutual Fund. This scheme was introduced to investors on 31 Dec 2012. S Naren, Rajat Chandak, Manish Banthia, Ihab Dalwai is the Current Fund Manager of ICICI Prudential Balanced Advantage Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹27,798 Cr and the Latest NAV as of 08 Jul 2019 is ₹38.53.

    The ICICI Prudential Balanced Advantage Direct Growth is rated Moderate risk. Minimum SIP Investment is 100. Minimum Lumpsum Investment is 500. For units in excess of 10% of the investment,1% will be charged for redemption within 1 year.

    Investment Objective

    The investment objective of Wealth Optimiser Plan under the scheme is to seek to provide capital appreciation and income distribution to the investors by using equity derivatives strategies, arbitrage opportunities and pure equity investments.

    Tax Implications

    Scheme Information Document(SID)

    ₹500
    Min for First Investment
    ₹100
    Min for Second Investment
    For units in excess of 10% of the investment,1% will be charged for redemption within 1 year
    Exit Load

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    About ICICI Prudential Mutual Fund

    Address
    One BKC, A-Wing, 13th Floor, Bandra Kurla Complex Mumbai 400051
    Phone
    022-26525000
    Launch Date
    12 Oct 1993
    ICICI Prudential Mutual Fund
    Asset Management Company
    Custodian
    HDFC Bank
    Registrar & Transfer Agent
    Cams
    Address
    NA
    Website
    NA
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