ICICI Bank Balanced Advantage Fund Features and Details

ICICI Bank Balanced Advantage Fund is an open-ended equity fund that offers a unique investment strategy. It invests in a mix of equity and debt securities to provide stable returns.

The fund is designed to provide long-term growth while minimizing volatility. It has a low expense ratio of 0.51% which makes it an attractive option for investors.

The fund's investment objective is to generate returns that are higher than fixed income instruments while providing lower volatility than pure equity investments. It aims to provide a balance between growth and income.

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The NAV (Net Asset Value) of the ICICI Bank Balanced Advantage Fund as of January 17, 2025, is ₹68.82 with a minimal decrease of 0.01%.

The fund has a moderate expense ratio of 1.47% which is a crucial aspect to consider when investing.

Here are some key statistics that give you a quick snapshot of the fund's size and category:

The investment objective of a fund is essentially its purpose and what it aims to achieve. It's like setting a goal for your investments, and understanding this can help you make informed decisions.

A fund's investment objective can be to provide capital appreciation, which means it aims to grow the value of your investment over time. This can be achieved through various strategies, such as using equity derivatives.

Some funds may also aim to distribute income to investors, which means they'll focus on generating regular returns through dividend payments or interest. This can be a great option for those seeking a steady income stream.

The specific investment objective of a fund can be benchmarked against a particular index, such as the CRISIL Hybrid 50+50 Moderate Index. This index serves as a reference point to measure the fund's performance.

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The ICICI Prudential Balanced Advantage-Growth Investment is a type of investment that seeks to provide capital appreciation and income distribution to investors.

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To invest in this fund, you'll need to meet the minimum investment requirement of Rs. 500.00. You can also make additional investments of Rs. 100.00 or more, but the minimum SIP investment is Rs. 100.00.

The fund has a benchmark of CRISIL Hybrid 50+50 Moderate Index, and its return since launch is 11.27%. It's classified as a Very High risk fund, but its risk grade is Low.

The fund managers for this scheme are Sankaran Naren, and the annualized returns for the past three years are 11.25%. This is lower than the category returns of 10.02% during the same period.

Here's a summary of the key details:

The ICICI Prudential Balanced Advantage fund is a hybrid mutual fund scheme that offers a mix of equity and debt investments. It's ranked #3 in India in terms of total assets, with a significant AUM of ₹7,81,394.30Cr.

The fund was launched on October 12, 1993, and is currently managed by a team of experienced fund managers, including S Naren, Rajat Chandak, Manish Banthia, and Ihab Dalwai.

The fund aims to provide capital appreciation and income distribution to investors by using equity derivatives strategies, arbitrage opportunities, and pure equity investments.

Here are some key details about the fund:

The fund has a very high risk profile, which is suitable for experienced investors who can handle higher volatility. The minimum SIP investment is ₹100, and the minimum lumpsum investment is ₹500.

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The ICICI Bank Balanced Advantage Fund has consistently delivered strong returns over the years. Its 1-year return is 11.9%, which is higher than the category average of 10.5%.

The fund's 3-year return is 13.0%, while the category average is 11.8%. This indicates that the fund has outperformed its peers over the long term.

Here's a summary of the fund's returns over different time periods:

The fund's returns have been steady, with a 1-month return of -1.6% and a 1-year return of 11.2%. Its 3-year return is 11.3%, and its 5-year return is 12.3%.

The fund's risk-adjusted returns are also impressive, with a Sharpe ratio of 1.11 and a Treynor ratio of 13.67. This suggests that the fund has generated better returns while managing risk effectively.

Overall, the ICICI Bank Balanced Advantage Fund has delivered strong returns and has outperformed its peers in the hybrid category. Its consistent performance over the years makes it an attractive option for investors looking for a balanced portfolio.

The ICICI Bank Balanced Advantage Fund has a diverse portfolio with a mix of equity and debt investments. The fund has 211 holdings as of December 2024, with the top 5 company holdings making up 19.31% of the portfolio.

The fund's top 5 company holdings include TVS Motor Company, ICICI Bank, Maruti Suzuki India, HDFC Bank, and Infosys. These companies have a significant weightage in the portfolio, with TVS Motor Company being the company with the highest exposure at 4.94% as of December 2024.

The fund's sector allocation is also diversified, with the top 3 sector holdings making up 26.69% of the portfolio as of December 2024. The sector with the highest exposure is Financial, making up 12.67% of the portfolio.

Here is a breakdown of the top 5 company holdings and their respective weights in the portfolio:

The fund also has a significant allocation to debt securities, with Certificate of Deposit being the largest holding at 4.59% as of December 2024.

The ICICI Bank Balanced Advantage Fund has a tax implication that you should be aware of. Returns are taxed at 20% if you redeem before one year.

If you hold onto your investment for at least a year, you'll be subject to a Long-Term Capital Gains (LTCG) tax of 12.5% on returns above Rs 1.25 lakh in a financial year.

Minimum Investment Amounts can be a crucial factor in investing, and it's essential to understand the minimum amounts required for each investment type.

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The minimum investment amount for the first investment is ₹500, after which it's just ₹100 for subsequent investments.

You can invest as little as ₹100 for Systematic Investment Plans (SIPs), making it a great option for those who want to start small.

Here's a quick rundown of the minimum investment amounts:

When redeeming your investment, you'll face an exit load, which is a fee charged for early withdrawal. For units in excess of 30% of the investment, a 1% exit load is charged if you redeem within 1 year.

The exit load is a significant factor to consider when planning your investments. It's essential to factor this cost into your overall investment strategy.

Tax implications also come into play when redeeming your investment. If you redeem before one year, returns are taxed at 20%. After 1 year, you're required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.

It's crucial to understand these tax implications to make informed decisions about your investments.

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