ICICI Prudential Balanced Advantage Fund - Growth

Fund House: ICICI Prudential Mutual Fund
Category: Hybrid: Dynamic Asset Allocation
Launch Date: 01-12-2006
Asset Class: Mixed Asset
Benchmark: CRISIL Hybrid 50+50 Moderate TRI
Expense Ratio: 1.58% As on (31-12-2022)
Status: Open Ended Schemes
Minimum Investment: 500.0
Minimum Topup: 100.0
Total Assets: 44,633.87 Cr As on (31-12-2022)
Turn over: 25% | Exit Load: For units in excess of 10% of the investment,1% will be charged for redemption within 365 days

52.63

10.85%

PERFORMANCE

Returns Type:
of  
Start :  
End : 
Period:  
This Scheme
-
vs
NIFTY 50 TRI
-
Gold
-
PPF
-
Returns Type:
of  
  Period:  

Start :  
Period:  

RETURNS ANALYSIS

Fund Multiplier

Time it would have taken to make your money double (2x), quadruple (4x) and quintuple (5x)

Time Taken To Multiply
2x
4x
5x
10x
FUND
7 Years 4 Months
13 Years 11 Months
15 Years 4 Months
There is no value for 10x
FD
11 years 10 Months
GOLD
8 years 9 Months
NIFTY
5 years 5 Months

 

Investment Objective

The scheme seeks to provide capital appreciation and income distribution to the investors by using equity derivatives strategies, arbitrage opportunities and pure equity investments.

Current Asset Allocation (%)

Indicators

Standard Deviation 13.81
Sharpe Ratio 0.6
Alpha 0.52
Beta 0.69
Yield to Maturity 7.14
Average Maturity 5.55

PEER COMPARISON

Scheme Name Inception
Date
1 Year
Return(%)
2 Year
Return(%)
3 Year
Return(%)
5 Year
Return(%)
10 Year
Return(%)
ICICI Prudential Balanced Advantage Fund - Growth 01-12-2006 6.69 9.37 10.94 9.67 11.85
BANK OF INDIA BALANCED ADVANTAGE FUND REGULAR PLAN GROWTH 14-03-2014 13.65 8.8 8.59 4.72 -
HDFC Balanced Advantage Fund - Growth Plan 01-02-1994 13.37 16.39 17.26 11.2 13.96
SBI Balanced Advantage Fund - Regular Plan - Growth 05-08-2021 6.04 - - - -
Kotak Balanced Advantage Fund -Regular Plan - Growth Option 05-07-2018 5.13 7.63 9.75 - -
Tata Balanced Advantage Fund-Regular Plan-Growth 05-01-2019 4.94 8.49 11.76 - -
LIC MF Balanced Advantage Fund-Regular Plan-Growth 12-11-2021 4.82 - - - -
Baroda BNP Paribas Balanced Advantage Fund-Regular Plan -Growth Option 04-11-2018 4.63 8.2 13.73 - -
Nippon India Balanced Advantage Fund-Growth Plan-Growth Option 05-11-2004 4.62 8.2 9.5 8.26 11.03
Sundaram Balanced Advantage Fund (Formerly Known as Principal Balanced Advantage Fund) - Growth Option 02-01-2013 4.05 7.4 13.06 8.92 10.17

Scheme Characteristics

Investment in equity/ debt that is managed dynamically.

Riskometer

riskometer

PORTFOLIO

Market Cap Distribution

Small Cap

0.63%

Others

35.13%

Large Cap

58.13%

Mid Cap

6.12%

Scheme Documents

There are no scheme documents available

Tax Benefits of investing in this fund

Long term capital gains (LTCG) tax @10% (plus surcharge, if applicable and cess) without indexation if units held for more than 12 months#

Short term capital gains (STCG) tax @ 15% (plus surcharge, if applicable and cess) if units are held for less than 12 months.

Investor does not pay any tax on dividends but a Dividend Distribution Tax (DDT) is deducted at source @11.648% (10% + 12% surcharge + 4% Health & education cess) **

# Capital gain accrued up to January 31st 2018 is exempt from LTCG tax in respect of units acquired before January 31, 2018 & redeemed on or after April 1, 2018. ** The DDT is to be paid by the mutual fund

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