BALANCED FUNDS
Balanced Advantage Fund - Equity Mutual Funds - ICICI Prudential

ICICI Prudential Balanced Advantage Fund

Investment Objective

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

Key Benefits

  • It invests in a judicious mix of cash, equity, derivatives and debt & money market securities.
  • It is structured to benefit from volatility and has an equity related tax status.

This product is suitable for investors who are seeking* :

  • Long term wealth creation solution
  • An equity fund that aims for growth by investing in equity and derivatives

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.


Key Features

Type

Open-ended Equity fund

Plan

ICICI Prudential Balanced Advantage Fund & ICICI Prudential Balanced Advantage Fund - Direct Plan

Options

Growth and Dividend options with Dividend Payout and Dividend Reinvestment Sub-options

Default Option

Growth, Default sub-option Dividend Reinvestment

Application Amount

Rs.5000 (plus in multiples of Rs.1)

Min. Additional Investment

Rs.1000 (plus in multiples of Re.1)

Entry Load

Not Applicable

Exit Load

•  Nil - If units purchased or switched in from another scheme of the Fund are redeemed or switched out upto 15% of the units (the limit) purchased or switched in within 18 months from the date of allotment.
•  1% of applicable NAV - If units purchased or switched in from another scheme of the Fund are redeemed or switched out in excess of the limit within 18 months from the date of allotment
• Nil - If units purchased or switched in from another scheme of the Fund are redeemed or switched out after 18 months from the date of allotment.

Minimum Redemption Amt.

Rs. 500 or all units where amount is less than Rs. 500

Systematic Investment Plan

Available

Systematic Transfer Plan

Available (Flex STP/Value STP also available)

Systematic Withdrawal Plan

Available



Fund Manager

Equity - Mr. Sankaran Naren, Mr. Rajat Chandak & Mr. Vinay Sharma
Debt - Mr. Manish Banthia

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