ICICI Prudential Balanced Advantage Fund: Returns, Details, Performance Since Inception In 2006

The ICICI Prudential Balanced Advantage Fund offers a well-balanced approach to investment with a focus on both equity and debt, ensuring optimal returns while managing risks effectively. With its significant allocation in large-cap stocks and government securities, it caters to investors looking for stable growth with a higher risk tolerance. However, potential investors should consider its below-average Crisil rank and higher risk profile.

The fund manager’s strategy includes holding stocks and bonds for longer durations than peers, as indicated by a lower portfolio turnover ratio of 32.00% against a category average of 185.03%.

Advertisement

Net Asset Value (NAV): ₹67.15 (as on 14th June, 2024)
Fund Size: ₹56,750.35 Cr (21.69% of Investment in Category)
Expense Ratio: 1.48% (versus 1.98% Category Average)
Crisil Rank: Below Average Performance Among Peers

ICICI Prudential Balanced Advantage Fund – Investment Strategy

The fund adopts a dynamic asset allocation strategy, balancing investments between equity and debt to optimise returns while mitigating risk. 

  • Domestic Equities: 67.81%
    • Large Cap Stocks: 49.96%
    • Mid Cap Stocks: 8.37%
    • Small Cap Stocks: 0.53%
  • Debt Investments: 25.34%

The fund manager’s strategy includes holding stocks and bonds for longer durations than peers, as indicated by a lower portfolio turnover ratio of 32.00% against a category average of 185.03%.

Risk Ratios

The ICICI Prudential Balanced Advantage Fund demonstrates lower volatility compared to its category average, as indicated by various risk ratios.

Ratio Value Category Average
Standard Deviation 4.5 6.29
Beta 0.55 0.75
Sharpe Ratio 1.34 0.83
Treynor’s Ratio 0.11 0.07
Jensen’s Alpha 3.22 1.74

ICICI Prudential Balanced Advantage Fund – Returns

Period Invested for ₹10000 Invested on Latest Value Absolute Returns Annualised Returns Category Avg Rank within Category
1 Week 17-May-24 10084.20 0.84% 1.13% 29/35
1 Month 24-Apr-24 10171.40 1.71% 2.32% 28/35
3 Month 23-Feb-24 10356.90 3.57% 3.86% 21/33
6 Month 24-Nov-23 11185.30 11.85% 14.25% 22/31
YTD 01-Jan-24 10689.70 6.90% 7.68% 20/33
1 Year 24-May-23 12171.10 21.71% 21.65% 25.73% 19/28
2 Year 24-May-22 13528.40 35.28% 16.29% 17.26% 15/24
3 Year 24-May-21 14457.90 44.58% 13.06% 12.49% 6/20
5 Year 24-May-19 18363.50 83.64% 12.91% 12.06% 5/17
10 Year 23-May-14 30637.20 206.37% 11.83% 10.80% 3/10
Since Inception 30-Dec-06 65870.00 558.70% 11.43% 12.68% 16/35

ICICI Prudential Balanced Advantage Fund – Portfolio Analysis

The portfolio comprises 99 stocks, with significant allocations in large-cap companies.

Stock Sector Value (Mn) % of Total Holdings 1M Change 1Y Highest Holding 1Y Lowest Holding Quantity 1M Change in Qty
ICICI Bank Ltd. Private sector bank 28,317.1 4.99% 0.20% 5.1% (Jan 2024) 4.65% (Sep 2023) 2.46 Cr 0.00
TVS Motor Company Ltd. 2/3 wheelers 25,628.5 4.52% -0.10% 4.61% (Mar 2024) 2.81% (May 2023) 1.24 Cr 3.95 L
Maruti Suzuki India Ltd. Passenger cars & utility vehicles 23,301.7 4.11% 0.21% 4.11% (Apr 2024) 2.57% (May 2023) 18.18 L 78.99 k
HDFC Bank Ltd. Private sector bank 22,127.8 3.90% 0.23% 5.49% (Jul 2023) 3.62% (Feb 2024) 1.46 Cr 3.00 L
Infosys Ltd. Computers – software & consulting 17,325.5 3.06% -0.20% 3.85% (Aug 2023) 3.06% (Apr 2024) 1.22 Cr 0.00

Tax Treatment

  • Long-Term Capital Gain (LTCG): If sold after 1 year from the purchase date, a 10% tax is applicable if the total LTCG exceeds ₹1 lakh.
  • Short-Term Capital Gain (STCG): If sold before 1 year from the purchase date, a 15% tax is applicable.

Disclaimer: The information provided in this article is for educational and informational purposes only. It should not be considered investment advice or a recommendation to invest in any particular mutual fund or asset class. Past performance does not indicate future results, and investors should research and consult with a financial advisor before making investment decisions. Investing in mutual funds involves risks, including the possible loss of principal invested.