Request a call back

About The Fund

ICICI Prudential Balanced Advantage Fund is an open-ended equity oriented fund that brings multiple benefits to your investments. It strives for growth by investing in equity markets, while providing relative safety through investments in debt instruments.

Fund Performance

Returns of ICICI Prudential Balanced Advantage Fund - Growth Option as on 31 March, 2017 - (IPBAF)

Particulars1 Year3 Year5 YearSince Inception
CAGR (%)Current Value of Investment of Rs 10000CAGR (%)Current Value of Investment of Rs 10000CAGR (%)Current Value of Investment of Rs 10000CAGR (%)Current Value of Investment of Rs. 10000
Scheme17.9411,794.0714.7015,097.3515.4820,557.4411.3930,240.00
CRISIL Balanced Fund – Aggressive Index (Benchmark)16.1011,610.0011.3613,812.3911.1116,944.959.0024,200.07
Nifty 50 Index (Additional Benchmark)18.5511,854.8411.0113,683.5911.6017,323.518.5223,128.66
NAV (Rs.) Per Unit (as on March 31,2017 : 30.24)25.64 20.03 14.71  10.00

Past performance may or may not be sustained in future and the same may not necessarily provide the basis for comparison with other investment. Date of inception:
30-Dec-06 . Performance of dividend option would be Net of Dividend distribution tax, if any. Benchmark is Crisil Balanced Fund-Aggressive Index. For computation of since inception returns (%) the allotment NAV has been taken as Rs. 10.00. Load is not considered for computation of returns. In case, the start/end date of the concerned period is a nonbusiness date (NBD), the NAV of the previous date is considered for computation of returns. The NAV per unit shown in the table is as on the start date of the said period.

See all funds managed by fund manager*This excludes the performance of close-ended funds

Mr. Manish Gunwani

Scheme Name1 Year3 Year5 YearInception Date
CAGR (%)CAGR (%)CAGR (%) 
ICICI Prudential Focused Bluechip Equity Fund24.7816.6416.0523-MAY-08
Nifty 50 Index18.5511.0111.60
ICICI Prudential Exports and Other Services Fund18.2022.1325.2530-NOV-05
Nifty Services Sector Index (Benchmark)19.2513.6113.01
Nifty 50 Index18.5511.0111.60
ICICI Prudential Technology Fund-3.529.7616.7503-MAR-00
S&P BSE Information Technology (Benchmark)-8.985.6511.24
Nifty 50 Index18.5511.0111.60

Mr. Rajat Chandak

Scheme Name1 Year3 Year5 YearInception Date
CAGR (%)CAGR (%)CAGR (%) 
ICICI Prudential Monthly Income Plan13.0211.7010.4210-NOV-00
Crisil MIP Blended Index (Benchmark start date : 30-Mar-02)12.3011.379.92
10 Year G Sec (Benchmark start date : 01-Sep-01)11.8711.438.79
ICICI Prudential MIP 2515.9013.6512.0530-MAR-04
Crisil MIP Blended Index (Benchmark)12.3011.379.92
10 Year G Sec11.8711.438.79
ICICI Prudential Child Care Plan (Study Plan)16.1617.0215.5931-AUG-01
Crisil MIP Blended Index (Benchmark start date : 30-Mar-02)12.3011.379.92
10 Year G Sec (Benchmark start date : 01-Sep-01)11.8711.438.79
ICICI Prudential Regular Income Fund9.4411.049.0903-MAY-11
Crisil MIP Blended Index (Benchmark)12.3011.379.92
10 Year G Sec11.8711.438.79
ICICI Prudential R.I.G.H.T28.3121.5621.6626-SEP-09
Nifty 50 Index18.5511.0111.60

Mr. Manish Banthia

Scheme Name1 Year3 Year5 YearInception Date
CAGR (%)CAGR (%)CAGR (%) 
ICICI Prudential Gilt Fund - Investment Plan - PF Option13.7613.2710.3619-NOV-03
I-SEC Li-BEX (Benchmark)12.4713.0710.75
10 Year G Sec11.8711.438.79
ICICI Prudential Long Term Plan13.5813.2411.8820-JAN-10
Crisil Composite Bond Fund Index (Benchmark)11.0911.269.45
1 Year T Bill7.157.857.54
ICICI Prudential Equity Income Fund16.46--05-DEC-14
30% Nifty 50 + 40% CRISIL Liquid Fund Index + 30% CRISIL Short Term Bond Fund Index (Benchmark)11.21--
Nifty 50 Index18.55--
ICICI Prudential Equity - Arbitrage Fund6.517.278.3930-DEC-06
Nifty 50 Arbitrage Index6.087.207.63
Nifty 50 Index18.5511.0111.60
ICICI Prudential Income Plan12.6511.819.3709-JUL-98
Crisil Composite Bond Fund Index (Benchmark start date : 30-Mar-02)11.0911.269.45
10 Year G Sec (Benchmark start date : 01-Sep-01)11.8711.438.79
ICICI Prudential Gold iWIN ETF-2.510.17-0.6924-AUG-10
LBMA AM Fixing Prices (Benchmark)-1.541.100.24
ICICI Prudential Short Term Plan10.249.939.3825-OCT-01
CRISIL Short Term Bond Fund Index (Benchmark start date : 31-Mar-02)9.109.299.15
1 Year T Bill7.157.857.54
ICICI Prudential Income Opportunities Fund10.2110.919.8418-AUG-08
Crisil Composite Bond Fund Index (Benchmark)11.0911.269.45
10 Year G Sec11.8711.438.79
ICICI Prudential Regular Gold Savings Fund1.61-1.04-0.5111-OCT-11
Domestic Gold Prices (Benchmark)-1.541.100.24
ICICI Prudential Child Care Plan (Study Plan)16.1617.0215.5931-AUG-01
Crisil MIP Blended Index (Benchmark start date : 30-Mar-02)12.3011.379.92
10 Year G Sec (Benchmark start date : 01-Sep-01)11.8711.438.79
ICICI Prudential MIP 2515.9013.6512.0530-MAR-04
Crisil MIP Blended Index (Benchmark)12.3011.379.92
10 Year G Sec11.8711.438.79
ICICI Prudential Monthly Income Plan13.0211.7010.4210-NOV-00
Crisil MIP Blended Index (Benchmark start date : 30-Mar-02)12.3011.379.92
10 Year G Sec (Benchmark start date : 01-Sep-01)11.8711.438.79
ICICI Prudential Balanced Fund27.6819.9518.5603-NOV-99
CRISIL Balanced Fund – Aggressive Index (Benchmark start date : 30-Mar-02)16.1011.3611.11
Nifty 50 Index18.5511.0111.60
1 Year T Bill7.157.857.54
ICICI Prudential Child Care Plan (Gift Plan)29.1020.2917.8231-AUG-01
CRISIL Balanced Fund – Aggressive Index (Benchmark start date : 30-Mar-02)16.1011.3611.11
Nifty 50 Index18.5511.0111.60

Mr. Ashwin Jain

Performance for Schemes not having Growth/Cumulative Options have been calculated considering the Dividend Option, Post Adjustment of the Dividend Factor. Wherever applicable, for calculating returns, NAV of ICICI Prudential Gold iWIN ETF has been adjusted on account of change in face value. With effect from July 22, 2016, the benchmark of ICICI Prudential Equity - Arbitrage Fund has been changed from Crisil Liquid Index Fund to Nifty 50 Arbitrage Index. Past performance may or may not be sustained in future and the same may not necessarily provide the basis for comparison with other investment. Performance of dividend option would be Net of Dividend distribution tax, if any. For computation of since inception returns the allotment NAV has been taken as Rs. 10.00 or Rs.100.00 as may be applicable. Load is not considered for computation of returns. In case, the start/end date of the concerned period is nonbusiness date (NBD), the NAV of the previous date is considered for computation of returns. ”-” - not available. “--” - Schemes in existence for > 1 year < 3 years, performance provided for as many 12 months period as possible, for the quarter ended March 31, 2017. The NAV per unit shown in the table is as on the start date of the said period.

ICICI Prudential Balanced Advantage Fund the Equity Portion is managed by Manish Gunwani and Rajat Chandak and Debt Portion by Manish Banthia. ICICI Prudential Equity - Arbitrage Fund the Equity Portion is managed by Kayzad Eghlim and Debt Portion by Manish Banthia. ICICI Prudential Balanced Fund the Equity Portion is managed by Sankaran Naren and Yogesh Bhatt and Debt Portion by Manish Banthia. ICICI Prudential Equity Income Fund the Equity Portion is managed by Sankaran Naren and Chintan Haria and Debt Portion by Manish Banthia. ICICI Prudential Child Care Plan (Study Plan) the Equity Portion is managed by Rajat Chandak and Debt Portion by Manish Banthia. ICICI Prudential MIP 25 the Equity Portion is managed by Rajat Chandak and Debt Portion by Manish Banthia. ICICI Prudential Monthly Income Plan the Equity Portion is managed by Rajat Chandak and Debt Portion by Manish Banthia. ICICI Prudential Regular Income Fund the Equity Portion is managed by Rajat Chandak and Debt Portion by Rahul Bhuskute. ICICI Prudential Child Care Plan (Gift Plan) the Equity Portion is managed by George Heber Joseph and Debt Portion by Manish Banthia.

Fund Highlights

  • Invests in both equity & debt instruments
  • Provides tax-free returns#
  • Aims to provide month-on-month tax-free dividends$
  • Manage your monthly cash flow with Automatic Withdrawal Plan^ & Monthly Dividend Feature

#As per prevailing tax laws for FY16-17, returns earned after one year are tax free.

$Distribution of dividend is subject to approval from Trustees & availability of distributable surplus

^Automatic Withdrawal Plan is only a feature for regular withdrawal from the scheme and shall not be construed as an assurance or guarantee of return.

Why Invest?

  • Benefit from an in-house asset allocation model that aims to buy low & sell high
  • Aim to gain from market volatility over the long term

To know more about ICICI Prudential Balanced Advantage Fund, watch this video:

Fund Features

Type of Scheme Open-Ended Equity Fund
Plans ICICI Prudential Balanced Advantage Fund and ICICI Prudential Balanced Advantage Fund - Direct; Options: Growth & Dividend
Minimum Application Amount Rs. 5,000 (plus in multiples of Re.1)
Minimum Additional Application Amount Rs. 1,000 (plus in multiples of Re.1)
Minimum Redemption Amount Rs. 500 (and in multiples thereof)
Entry Load Nil
Exit Load
20% of units up to 18 months from allotment Nil
More than 20% of units within 18 months of allotment 1% of applicable NAV
More than 18 months Nil
Fund Manager Equity: Manish Gunwani has been managing this scheme since Jan 2012 and has 20 years of experience. Rajat Chandak has been managing this fund since Sep 2015 and has 8 years of experience. Manish Banthia has been managing this fund since Nov, 2009 and has an overall experience of 13 years.

Download the factsheet and stay up-to-date with ICICI Prudential Mutual Fund.

Download Now


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