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About the Scheme

ICICI Prudential Balanced Advantage Fund is an open-ended equity fund that brings 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 & 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 , 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:

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
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. Vinay Sharma has been managing this fund since July 2017 and has 11 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.