ICICI Prudential Balanced Advantage Fund Direct Plan Growth
Hybrid
Direct
Dynamic Asset Allocation
NAV: ₹ 70.95 as on 18-04-2024
Fund Performance
6869 people have invested ₹ 8.2Cr in ICICI Prudential Balanced Advantage Fund Direct Plan Growth in the last three months
Mutual Fund Insights
In the last 3 years, HDFC Balanced Advantage Fund Direct Plan Growth Option has given 26.01% return, outperforming this fund by 11.99% per annum.
In the last 5 years, HDFC Balanced Advantage Fund Direct Plan Growth Option has given 18.57% return, outperforming this fund by 5.41% per annum.
In the last 1 year, Quant Dynamic Asset Allocation Fund Direct Growth has given 60.58% return, outperforming this fund by 39.11%.
Over the last 3 months, this fund has decreased expense ratio by 9.0% moving from 0.89 to 0.81.
Over the last 6 months, this fund has experienced a 12.4% growth in AUM moving from 49.97K Cr to 56.17K Cr.
This fund expense ratio is slightly on the lower side within the category (dynamic asset allocation). Its expense ratio is 0.81% which is lower than the category average expense ratio of 1.15%.
INDmoney Rank of ICICI Prudential Balanced Advantage Fund Direct Plan Growth
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6
/15
24% Performance
66% Risk Management
21% Cost
6 out of 15 among dynamic asset allocation
About the ICICI Prudential Balanced Advantage Fund Direct Plan Growth
ICICI Prudential Balanced Advantage Fund Direct Plan Growth is a hybrid fund. This fund was started on 1 January, 2013. The fund is managed by Rajat Chandak, Sankaran Naren, Ritesh Lunawat, Ihab Dalwai, Manish Banthia. This fund gives you the benefit of diversification.
Key Parameters
- ICICI Prudential Balanced Advantage Fund Direct Plan Growth has ₹56175 Cr worth of assets under management (AUM) as on Mar 2024 and is more than category average.
- The fund has an expense ratio 0.8.
ICICI Prudential Balanced Advantage Fund Direct Plan Growth Overview
 | 0.81% |
 Benchmark | CRISIL Hybrid 50+50 - Moderate TR INR |
 | ₹56175 Cr |
 | 1 January, 2013 |
 | ₹500/₹100 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 64.02% |
ICICI Prudential Balanced Advantage Fund Direct Plan Growth Distribution as on (31-Mar-24)
Size breakup
Large cap
62.1%
Mid cap
5.2%
Small cap
0.9%
Sector Allocation
Financial Services
26%
Consumer Cyclical
19.9%
Consumer Defensive
12.3%
Tech
9.3%
Industrial
7.6%
Basic Materials
7%
Health
5.8%
Energy
5.2%
Communication
3.3%
Utilities
3.1%
Real Estate
0.4%
Top Holdings of ICICI Prudential Balanced Advantage Fund Direct Plan Growth as on (31-Mar-24)
Equity Holdings91
Debt Holdings76
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 ICICI Bank Ltd | 4.79% | 0% | |
 TVS Motor Co Ltd | 4.61% | 2.5% | |
 Maruti Suzuki India Ltd | 3.9% | 3% | |
 HDFC Bank Ltd | 3.67% | 0% | |
 Infosys Ltd | 3.25% | 3.4% |
See all
ICICI Prudential Balanced Advantage Fund Direct Plan Growth: Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 55.2K Cr as of Mar'24
- AUM has remained same between Mar'24 and Feb'24
Fund Portfolio Changes
Peer Analysis
ICICI Prudential Balanced Advantage Fund Direct Plan Growth Fund Manager
Rajat Chandak
Fund Manager of ICICI Prudential Balanced Advantage Fund Direct Plan Growth, since 7 September 2015
Top funds managed
Sankaran Naren
Fund Manager of ICICI Prudential Balanced Advantage Fund Direct Plan Growth, since 14 July 2017
Top funds managed
Ritesh Lunawat
Fund Manager of ICICI Prudential Balanced Advantage Fund Direct Plan Growth, since 29 December 2020
Top funds managed
Ihab Dalwai
Fund Manager of ICICI Prudential Balanced Advantage Fund Direct Plan Growth, since 29 January 2018
Top funds managed
Manish Banthia
Fund Manager of ICICI Prudential Balanced Advantage Fund Direct Plan Growth, since 18 November 2009
Top funds managed
ICICI Prudential Balanced Advantage Fund Direct Plan Growth Highlights
High Risk
Investors understand that their principal will be at High Risk
About the fund
This fund has delivered an average annual returns of 13.34% since inception which is more than its category average return of 11.52%
Fund Allocations
This fund has an allocation of 48.09% in Equity, 24.25% in Debt and 27.66% in Cash related instruments
AUM size ₹56175 Cr
This fund has AUM of ₹56175 Cr which is more than its category average of ₹ 8144 Cr
Expense Ratio 0.81%
This fund has an expense ratio of 0.81% which is less than its category average expense ratio of 1.38%
Frequently Asked Questions
The current NAV of ICICI Prudential Balanced Advantage Fund Direct Plan Growth is ₹70.95 as on 18-Apr-2024.
Existing (Absolute + CAGR) as on 18-Apr-2024.
ICICI Prudential Balanced Advantage Fund Direct Plan Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.05% | 1.05% |
6 Month Returns | 10.88% | 10.88% |
1 Year Returns | 21.48% | 21.48% |
3 Years Returns | 48.25% | 14.02% |
5 Years Returns | 85.48% | 13.15% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.81% as on March 2024
₹56175 Cr as on March 2024
ICICI Bank Ltd(4.79%), 8.25% Govt Stock 2033(4.65%), TVS Motor Co Ltd(4.61%), Maruti Suzuki India Ltd(3.9%), HDFC Bank Ltd(3.67%) as on March 2024
Cash Equivalent(26.44%), Government(14.58%), Financial Services(12.51%) as on March 2024
AAA | 75.52 |
AA | 19.54 |
A | 3.22 |
Rajat Chandak, Sankaran Naren, Ritesh Lunawat, Ihab Dalwai, Manish Banthia are the fund managers of ICICI Prudential Balanced Advantage Fund Direct Plan Growth
The Exit load of ICICI Prudential Balanced Advantage Fund Direct Plan Growth is 1%