ICICI Prudential Balanced Advantage Fund: Offering Growth

ICICI Prudential Balanced Advantage Fund is a mutual fund investment plan designed by ICICI Mutual Fund with an aim to provide well-balanced growth opportunities to the investors in order to grow wealth for their future. It falls under the ‘Balanced Fund’ category (Dynamic Asset Allocation)  and thus invests investors’ money in the equity and debt instruments on a simultaneous basis. It was earlier known by the name ICICI Prudential Equity - Volatility Advantage Fund, but with effect from November 01, 2013, it was renamed as ICICI Pru Balanced Advantage Fund Growth.

The investors seeking investments in both equities and debts and wish to gain the advantage of both of them must consider this plan for their portfolio. Being part of one of the leading mutual fund houses, i.e., ICICI Mutual Fund, This Fund is mostly preferred by the investors and falls under the best performing mutual funds in India due to its performance and stable records. Here we have provided a brief about this strategy to help you gain substantial knowledge about the same:

ICICI Pru Balanced Advantage Fund: Key Features

The Balanced Advantage Fund offered by ICICI Prudential is an investment programme that enables the investors to gain the substantial advantage of both equity and debt security markets.The Fund Growth is beneficial for the investors who are seeking returns in the long run and have the high risk-bearing capacity. It does not have entry loads, while 1% exit loads are chargeable if investments are not withdrawn(redeemed or switched) within the prescribed time period. The best advantage of this programme is that it grabs the most effective opportunity even in the volatile market scenario.

The Fund Nav is an open-ended scheme that aims to generate capital appreciation and income distribution for the investors in order to help them attain financial stability and growth. Its performance is measured against CRISIL Balance Fund, and one can invest in it via SIP or Lump sum. Launched in 2006, it has gained a remarkable position in the market by providing appreciable profits until now. You can take a review of the same as under.

ICICI Prudential Balanced Advantage Fund Growth : Performance

The NAV of ICICI Prudential Balanced Advantage Fund which determines its per-unit market price amounted to Rs.28.330 as on December 13, 2016. The annualised returns of this plan for three- and five-year investments are 14.90 and 16.40 percent respectively which determines its high-yielding capacity in the long run.

This Fund has been performing immensely and has outperformed its category and benchmark. It holds appreciable market possession due to its overall performance as compared to its peers. You can invest in this plan by availing our online services and tools that would assist you in taking an informed decision. SIP Calculator has been designed to compute the exact value of your invested capital after a certain period of time; you can use the same prior to investing in this programme.

ICICI Pru Balanced Advantage Fund: Portfolio Review

The Asset Under Management(AUM) of this plan amounts to Rs.16,487 crore as on November 30, 2016, which depicts its gross market holdings. The 67.37% of the total assets have been invested in the equity and equity-related instruments, and the remaining have been put in the debt and cash & call instruments in the proportion of 30.7 and 1.93 percent respectively.

The sector allocation graph of the fund imparts that maximum funds have been allocated in the financial, energy, FMCG, automobile, healthcare, and technology industries. The top holdings of this fund include HDFC Bank, Motherson Sumi Systems, Hindustan Unilever, ICICI Bank, HCL Technologies, NTPC and Tech Mahindra.