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aboutICICI Prudential Balanced Advantage Fund

ICICI Prudential Balanced Advantage Fund, is an open ended equity oriented scheme that aims to generate reasonable returns in various market scenarios.

  • Scheme Highlights

    •Invests in both equity and debt
    •The scheme aims to provide an opportunity for reasonable returns with relatively lower volatility.
    •The scheme seeks to provide investors an opportunity to benefit out of market volatility.
    •The Scheme uses an in-house valuation model seeking to limit the downside risk during a falling market and aiming to capture growth opportunities in a rising market

  • Why Invest in the Fund?

    •Investors can consider ICICI Prudential Balanced Advantage Fund for their long-term goals
    •In terms of risk profiling, scheme is suitable for investors with a moderately high risk appetite
    •Investors who seek to benefit from market volatility may consider this scheme in their portfolio, since the scheme is structured with intent to benefit out of volatility
    •Investors who wish to participate in equity markets with relatively conservative approach can invest in this scheme

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Scheme Features

  • Type of Scheme
    Open-Ended Dynamic Asset Allocation Fund
  • Plans
    ICICI Prudential Balanced Advantage Fund and ICICI Prudential Balanced Advantage Fund - Direct; Options: Growth & Dividend
  • Min. Application Amount
    `500 (plus in multiples of Re. 1)
  • Min. Additional Investment
    `100 (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 Portion: Mr. Sankaran Naren, Mr. Rajat Chandak, Mr. Ihab Dalwai and Mr. Dharmesh Kakkad

    Debt Portion: Mr. Manish Banthia*

#In addition to the fund manager managing this scheme, overseas investment is managed by Ms. Priyanka Khandelwal.

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.
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