ICICI Prudential Balanced Advantage Fund Direct Plan
The ICICI Prudential Balanced Advantage Fund is an actively managed mutual fund that seeks to provide its investors with long-term capital appreciation and income through investments in equity and equity related instruments and debt and other money market instruments. As this is a balanced fund it also provides investors with good capital protection. The ICICI Prudential Balanced Advantage Fund was launched in December 2006 and has outperformed its benchmark and category on a number of occasions.
Scheme Type
Open-ended
Scheme Category
Dynamic Asset Allocation
Benchmark Type
Crisil Balanced Fund Index
Scheme AUM (in Crs.)
₹ 28243.95
Expense Ratio
0.99%
Scheme Class
Hybrid
AMC AUM (in Crs.)
₹ 307735
Min Subscription
₹ 500
Min Addition Subscription
₹ 100
Performance
Comparison
Portfolio
Details
Analysis
AMC Details
Launch Date
13 Oct 1993
Sponsor
NA
Email
enquiry@icicipamc.com
Phone
022 - 26525000
Address
3rd Floor, Hallmark Business Plaza,,Sant Dyaneshwar Marg,,Bandra (East), Mumbai - 400 051
Tax Implications
Short Term Capital Gain (Holding period < 12months):
Rates applicable to the Investor as per Tax slab.
Long Term Capital Gain:
22.88% - 23.92%
(20% with Indexation Benefit + Surcharge @ 10%-15% + 4% Health & Education Cess)
Taxation on Dividends:
28.84%
(Dividend Distribution Tax is paid by the mutual funds and not by investors.)
Risk
Moderately High
Exit Load
For units in excess of 15% of the investment,1% will be charged for redemption within 18 months
Scheme Information Document (SID)
Read mutual fund scheme information document on AMC website to know fund information in detail.
Objective
To provide capital appreciation and income distribution to the investors by using equity derivatives strategies, arbitrage opportunities and pure equity investments.
Suitability
This product is suitable for investors who are seeking
• An equity fund that aims for growth by
• investing in equity and derivatives.
SIP/Lump Sum Calculator
Enter Investment Amount
For how many years?
₹1,000
Investment per month for 0.5 Years
₹6,045
Portfolio Value
₹45
Total Returns
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Mutual Funds investments are subject to market risks, read all scheme related documents carefully.