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

ICICI Prudential Balanced Advantage Fund

ICICI Prudential Balanced Advantage Fund is an Open ended Equity Fund that aims to make investing easy and less stressful, by allocating between different investment options as per changing market conditions. Now you need not worry about when to enter and exit the market.

Investment Philosophy

The fund aims to generate low volatility returns by investing in a judicious mix of cash equities, equity derivatives and debt markets. The usage of Equity derivatives in this fund is intended to hedge the portfolio against the downside risks, thereby allowing it to generate low volatility returns. This way the fund aims to provide better returns than typical debt instruments and lower volatility in comparison to equity.

Investor Profile

The is ideal for

  • Investors seeking to participate in the equity markets with risk mitigation capability
  • Investors who have been long-term investors in debt products and are seeking some exposure to long term equity with lower volatility / downside risks.

Key Benefits

  • It invests in a judicious mix of cash equities, equity derivatives and debt & money market securities
  • It is structured to control volatility and has an equity related tax status
  • It uses multiple strategies to allow flexibility
  • Allows you to participate in equity markets at a controlled risk

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

Regular & Direct

Options

Growth and Dividend

Default 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

Nil. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor.

Exit Load

• If units purchased or switched in from another scheme of the Fund are redeemed or switched out upto 15% of units 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 more than 15% of units 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 after 18 months from the date of allotment – Nil.
w.e.f 10-11-15

Redemption Cheques Issued

Generally within 3 Business Days for specified RBI locations and an additional 3 Business Days for Non RBI locations.

Minimum Redemption Amt.

Rs.500 (plus in multiples of Re.1)

Systematic Investment Plan

Monthly: Minimum Rs.1,000 + 5 post - dated cheques for a minimum of Rs.1000 each Quarterly : Minimum Rs. 5000 + 4 post - dated cheques of Rs. 5000 each Exit Load (w.e.f. 24-8-09): (a) If the amount,sought to be redeemed or switched out, is invested for a period of upto two years ? 1%; (b) If the amount, sought to be redeemed or switched out, is invested for a period of more than two years ? Nil.

Systematic Withdrawal Plan

Rs.500 and in multiples of Re. 1/-



Fund Manager

Equity - Jointly by Manish Gunwani and Ashwin Jain.
Debt -
Manish Banthia - Overall 6 ½ years experience of which 3 years as Fixed Income Dealer.

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