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Is ICICI Prudential Balanced Advantage Fund a good Mutual Fund

Tell whether ICICI Prudential Balanced Advantage - Regular Growth is good fund. My time horizon is 5 years, Or should I switch to a better fund?

Feb 4, 2015 by Rajiv Ahuja, New Delhi  |   Mutual Fund

Your fund selection will depend on your risk profile and investment objectives. Firstly ICICI Prudential Balanced Advantage fund is a good fund in the balanced fund category. ICICI Prudential Balanced Advantage fund’s returns are lower than some of the top performing funds in the balanced fund category, e.g. ICICI Prudential Balanced fund. The 3 year returns of ICICI Prudential Balanced Advantage fund is about 22.4%, whereas the 3 year returns of ICICI Prudential Balanced Fund is 26.67%. However it is important to note that the debt component of ICICI Prudential Balanced Advantage Fund is higher than the funds with the highest returns in this category. Therefore this fund has slightly lower risk compared to funds with higher equity weighting. If you compare the volatility of the ICICI Prudential Balanced Advantage Fund with the volatility of the Balanced Fund category, you will observe that the volatility of the fund is significantly lower than the category. As discussed earlier, your investment decision will depend on the your risk profile. If you prefer slightly lower risks then you can stay with this fund. If you can afford to take slightly more risk, then you can consider switching to good funds with higher equity weighting, e.g. ICICI Prudential Balanced Fund, HDFC Balanced Fund, L&T India Prudence etc.

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