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About the Scheme

ICICI Prudential Balanced Advantage Fund is an open-ended equity fund that can bring multiple benefits to your investments. It strives for growth balanced with safety by investing in equity markets as well as debt instruments.

Scheme Highlights

  • Invests in both equity and debt
  • Avail the Systematic Withdrawal Plan for regular cash flows#

#Systematic Withdrawal Plan (SWP) feature will allow investors to redeem a fixed sum of money periodically at the prevailing Net Asset Value (NAV) depending on the option chosen by the investor. For more details, visit our website.

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:

Scheme 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 Investment Rs. 1,000 (plus in multiples of Re.1)
Minimum Redemption Amount 500/- or all units where amount is below 500/-
Entry Load Not Applicable
Exit Load
Upto 15% of units within 18 months from the date of allotment Nil
More than 15% of units within 18 months from the date of allotment 1% of applicable NAV
After 18 months from the date of allotment Nil w.e.f 10th November 2016
Fund Manager Equity: Sankaren Naren has been managing this fund since July 2017 and has 26 years of experience. Rajat Chandak has been managing this fund since September 2015 and has 8 years of experience. Ihab Dalwai has been managing this fund since January 2018 and has 5 years of experience. Debt: Manish Banthia has been managing this fund since November 2009 and has 13 years of experience.*

*In addition to the fund managers managing this fund, the ADR/GDR exposure is managed by Ms. Priyanka Khandelwal

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