Request a call back

About The Fund

ICICI Prudential Balanced Advantage Fund is an open-ended equity oriented fund that brings multiple benefits to your investments. It strives for growth by investing in equity markets, while providing relative safety through investments in debt instruments.

Fund 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 for FY16-17, 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:

Fund 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 Application Amount Rs. 1,000 (plus in multiples of Re.1)
Minimum Redemption Amount Rs. 500 (and in multiples thereof)
Entry Load Nil
Exit Load
20% of units up to 18 months from allotment Nil
More than 20% of units within 18 months of allotment 1% of applicable NAV
More than 18 months Nil
Fund Manager Equity: Sankaran 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

Download the factsheet and stay up-to-date with ICICI Prudential Mutual Fund.

Download Now


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