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Balanced Advantage Fund. Explained by: Pankaj MathpalIcici prudential balanced advantage fund direct plan monthly dividend -
Invesco India Tax Plan - Growth1. The Current Net Asset Value of the ICICI Prudential Balanced Advantage Fund - Direct Plan as of 29 Nov 2021 is Rs 19.5600 for IDCW Monthly option of its Direct plan.
2. Its trailing returns over different time periods are: 21.79% (1yr), 14.34% (3yr), 13.06% (5yr) and 13.58% (since launch). Whereas, Category returns for the same time duration are: 21.28% (1yr), 11.72% (3yr) and 10.06% (5yr).
3. The ICICI Prudential Balanced Advantage Fund - Direct Plan currently holds Assets under Management worth of Rs 36815.96 crore as on Oct 31, 2021.
4. The expense ratio of the fund is 1.0% for Direct plan as on Sep 30, 2021.
5. ICICI Prudential Balanced Advantage Fund - Direct Plan shall attract an Exit Load, "For units in excess of 10% of the investment,1% will be charged for redemption within 1 year"
6. Minimum investment required is Rs 500 and minimum additional investment is Rs 100. Minimum SIP investment is Rs 1000.
Show More +
Things you should consider
Riskometer
Investors understand that their principal will be at High risk.
Annualized return for the last 3 years
13.4%Suggested Investment Horizon
>3 yearsAverage time taken to double the money since inception
8 years 3 months
Fund NAV Range
Investment Growth
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ETFs
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NPS Schemes
Rs. 500
Rs. 1000
Rs. 5000
OROnly one asset can be added for purpose of comparison
My Transactions
About Fund
1. ICICI Prudential Balanced Advantage Fund - Direct Plan is Open-ended Dynamic Asset Allocation Hybrid scheme which belongs to ICICI Prudential Mutual Fund House.
2. The fund was launched on Mar 24, 2013.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to provide capital appreciation and income distribution to the investors by using equity derivatives strategies, arbitrage opportunities and pure equity investments. "
2. It is benchmarked against CRISIL Hybrid 50+50 Moderate Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 36.46% in equities, 25.26% in debts and 38.28% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 32.75% of the assets, the top 3 sectors constitute around 20.92% of the assets.
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 89.24% in giant & large cap companies, 9.2% in mid cap and 1.56% in small cap companies.
4. The portfolio allocation of debt securities primarily have 2 kinds of risks: interest rate risk & credit risk. While the interest rate movements are driven by the fund's duration, credit quality of debt securities are based on the weighted average credit ratings of a fund. Generally, funds with high credit quality will have the weighted average credit rating of AA- and higher rated securities, funds with medium credit quality will hold securities having credit rating lying between A- to BBB- and funds with low credit quality will hold securities having average credit rating of less than BBB-. Credit rating is a qualitative tool that basically assesses the creditworthiness and financial soundness of a company and takes into consideration several factors including the default rate and solvency of the concerned business entity.
Tax Implications
Hybrid funds which usually invest 65% or more in equity & equity related instruments will be taxed like Equity funds and those which invest less than 65% in equity & equity related instruments will be taxed like Debt funds. Generally, tax implications are based on the average asset allocation of the last 12 months where the fund has invested. However, since the market is dynamic and asset allocation towards equity may increase or decrease depending on the prevailing market & economic conditions. So, the tax treatment of the given fund will vary accordingly and will be determined by its asset allocation. Below are the tax implications from equity as well as debt side:
Equity side:
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of upto Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
Debt side:
1. If units are redeemed within 3 years of investment, the whole amount of gain will get added to the investor's income and will be taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering down one's capital gains which brings down the taxable income and thereby reduces taxes on it.
Taxes on Dividend income:
1. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
2. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
Frequently Asked Questions (FAQs)
Q: Is it safe to invest in ICICI Prudential Balanced Advantage Fund - Direct Plan?
A: As per SEBI’s latest guidelines to calculate risk grades, investment in the ICICI Prudential Balanced Advantage Fund - Direct Plan comes under High risk category.
Q: What is the category of ICICI Prudential Balanced Advantage Fund - Direct Plan?
A: ICICI Prudential Balanced Advantage Fund - Direct Plan belongs to the Hybrid: Dynamic Asset Allocation category of funds.
Q: How Long should I Invest in ICICI Prudential Balanced Advantage Fund - Direct Plan?
A: The suggested investment horizon of investing into ICICI Prudential Balanced Advantage Fund - Direct Plan is >3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
Q: Who manages the ICICI Prudential Balanced Advantage Fund - Direct Plan?
A: The ICICI Prudential Balanced Advantage Fund - Direct Plan is managed by Priyanka Khandelwal (Since Jun 16, 2017), Manish Banthia (Since Jan 01, 2013), Ritesh Lunawat (Since Dec 28, 2020), Rajat Chandak (Since Sep 07, 2015), Ihab Dalwai (Since Jan 29, 2018), Sankaran Naren (Since Jul 14, 2017) and Atul Patel (Since Jan 01, 2013).
Data Sources: Mutual Funds, ETFs, and NPS data are sourced from Value Research
All times stamps are reflecting IST (Indian Standard Time). By using this site, you agree to the Terms of Service and Privacy Policy.
Name | Options | 1Y Returns (%) | 3Y Returns (%) | 5Y Returns (%) |
Historical Dividends of HDFC Flexi Cap Fund - IDCW Plan

Category | Launch Date | Benchmark | Expense Ratio | AUM |
---|---|---|---|---|
Equity: Flexi Cap | 01-01-1995 | NIFTY 500 TRI | 1.72% As on (31-10-2021) | 27,105 Cr As on (31-10-2021) |
Dividend Record Date | Dividend ( / Unit) | NAV () | Dividend Yield (%) |
---|---|---|---|
18-03-2021 | 5.0000 | 52.126 | 9.59% |
19-03-2020 | 4.2500 | 33.678 | 12.62% |
20-03-2019 | 5.2500 | 56.417 | 9.31% |
22-03-2018 | 5.5000 | 55.48 | 9.91% |
23-03-2017 | 5.0000 | 54.903 | 9.11% |
17-03-2016 | 4.5000 | 45.848 | 9.82% |
19-03-2015 | 5.5000 | 59.842 | 9.19% |
20-03-2014 | 4.0000 | 43.809 | 9.13% |
21-03-2013 | 4.0000 | 41.388 | 9.66% |
23-03-2012 | 4.0000 | 43.951 | 9.10% |
22-03-2011 | 4.0000 | 49.043 | 8.16% |
25-03-2010 | 4.0000 | 46.947 | 8.52% |
19-03-2009 | 3.0000 | 23.252 | 12.90% |
07-03-2008 | 5.5000 | 45.447 | 12.10% |
07-03-2007 | 5.0000 | 40.352 | 12.39% |
17-03-2006 | 5.0000 | 41.877 | 11.94% |
30-11-2004 | 3.0000 | 23.445 | 12.80% |
19-03-2004 | 1.5000 | 20.79 | 7.22% |
30-09-2003 | 2.5000 | 18.792 | 13.30% |
15-07-2003 | 2.0000 | 17.097 | 11.70% |
15-03-2002 | 1.2000 | 13.47 | 8.91% |
22-12-2000 | 1.7000 | 10.96 | 15.51% |
24-03-2000 | 3.0000 | 21.52 | 13.94% |
29-11-1999 | 2.0000 | 19.1 | 10.47% |
06-08-1999 | 1.6000 | 16.03 | 9.98% |
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ETMONEY Rank
4
Out of 14
★★★★★
Good
Generated returns consistently
3/5
Increased returns for each unit of additional risk
3/5
★★★★★
Poor
Controlled losses during market corrections
2/5
Delivered returns without frequent ups and downs
2/5
About ICICI Prudential Balanced Advantage Fund
- ICICI Prudential Balanced Advantage Direct-Growth returns of last 1-year are 19.16%. Since launch, it has delivered 13.30% average annual returns. The fund has doubled the money invested in it every 6 yrs.
- ICICI Prudential Balanced Advantage Direct-Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is below average.
- The fund's equity portion is primarily invested in Financial, Energy, Technology, Automobile, FMCG sectors. It has taken less exposure in Financial, Energy sectors compared to other funds in the category.
- The debt portion of the fund has low credit quality indicating the quality of borrowers it has lent it to is not too great.
- The fund's top 5 holdings are in Reserve Bank of India, ICICI Bank Ltd., Reliance Industries Ltd., Infosys Ltd., Bharti Airtel Ltd.
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Total investmentInvested
Profit
Current value of investmentCurrent value
You would have earned ₹ 1,001 more by investing in ETMONEY Direct Plan
Total value | Profit |
---|---|
Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.
- Top Stock Holdings
- Allocation by Market Cap
- Allocation by Sector
Top Stock Holdings
Reliance Industries Ltd.5.35%
Allocation by Market Cap
Allocation by Sector
- Top Debt Holdings
- Allocation by Credit Quality
- Allocation by Instruments
Top Debt Holdings
Reserve Bank of India8.06%
Allocation by Credit Quality
Allocation by Instruments
Net Current Assets10.64%
Other Holdings
Period | Trailing returns | Category average | Rank within category |
---|---|---|---|
1 month | -1.51% | -1.6% | 12 / 20 |
3 months | 2.28% | 1.38% | 3 / 19 |
6 months | 6.24% | 7.26% | 11 / 19 |
1 year | 18.18% | 19.63% | 10 / 18 |
3 years | 13.36% | 12.77% | 7 / 15 |
5 years | 12.22% | 11.78% | 5 / 13 |
Investors understand that their principal will be at High risk
Investment objective
The scheme seeks to provide capital appreciation and income distribution to the investors by using equity derivatives strategies, arbitrage opportunities and pure equity investments.
Fund Manager
Manish Banthia
Mr. Banthia is B.Com, CA and MBA
He is associated with ICICI Prudential Asset Management Company since Oct 2005, ICICI Prudential AMC - Fixed Income Investments - Aug 2007 to Oct 2009, ICICI Prudential AMC - New Product Development - Oct 2005 to Jul 2007, Aditya Birla Nuvo Ltd. - From May 2005 to Oct 2005, Aditya Birla Management Corporation Ltd. - From May 2004 to May 2005.
Sankaran Naren
Mr. Naren is a B.Tech from IIT Chennai and MBA (Finance)from IIM Kolkata.
Prior to joining ICICI Prudential AMC he has worked with Refco Sify Securities India Pvt. Ltd., HDFC Securities Ltd. and Yoha Securities.
Ihab Dalwai
Mr. Dalwai is a Chartered Accountant.
He state bank of cross plains associated with ICICI Prudential AMC since April 2011.
Ritesh Lunawat
Mr. Lunawat is B.Com and Chartered Accountant.
He has been Working with ICICI Prudential AMC Since September 2013.
Rajat Chandak
Mr. Chandak is a B.Com (H) and MBA.
He has been associated with ICICI Prudential AMC since 2008.
- Email: [email protected]
- Phone: 022-26525000 / 1800-222-999 / 1800-200-6666
- Address: One BKC A Wing ,
13th Floor, Bandra Kurla Complex,
Mumbai, 400051
ICICI Bank Ltd.
6.01%Reliance Industries Ltd.
5.35%Infosys Ltd.
4.66%HDFC Bank Ltd.
3.95%Bharti Airtel Ltd.
2.44%Housing Development Finance Corpn. Ltd.
2.28%State Bank of India
2.28%TVS Motor Co. Ltd.
2.05%Kotak Mahindra Bank Ltd.
1.87%Motherson Sumi Systems Ltd.
1.86%National Thermal Power Corp. Ltd.
1.78%Axis Bank Ltd.
1.68%Avenue Supermarts Ltd.
1.47%SBI Life Insurance Company Ltd.
1.41%HCL Technologies Ltd.
1.33%Maruti Suzuki India Ltd.
1.31%Sun Pharmaceutical Inds. Ltd.
1.27%Oil & Natural Gas Corpn. Ltd.
1.25%Tata Steel Ltd.
1.22%Mahindra & Mahindra Ltd.
1.22%Hindustan Unilever Ltd.
1.15%Tech Mahindra Ltd.
1.02%Larsen & Toubro Ltd.
1%Tata Consultancy Services Ltd.
1%ITC Ltd.
0.99%Hindalco Industries Ltd.
0.9%United Breweries Ltd.
0.86%Cipla Ltd.
0.85%Ultratech Cement Ltd.
0.79%Titan Company Ltd.
0.74%PVR Ltd.
0.65%Britannia Industries Ltd.
0.65%Bank Of Baroda
0.64%Bharat Petroleum Corpn. Ltd.
0.63%Others
0.57%PI Industries Ltd.
0.41%GAIL (India) Ltd.
0.4%SBI Cards & Payments Services Ltd.
0.39%Eicher Motors Ltd.
0.36%Voltas Ltd.
0.33%Container Corpn. Of India Ltd.
0.32%ICICI Lombard General Insurance Comapny Limited
0.32%Embassy Office Parks REIT
0.31%Wipro Ltd.
0.3%LIC Housing Finance Ltd.
0.24%Federal Bank Ltd.
0.23%Indian Oil Corpn. Ltd.
0.23%Divi's Laboratories Ltd.
0.21%ACC Ltd.
0.2%Phoenix Mills Ltd.
0.19%Gland Pharma Ltd.
0.19%Lupin Ltd.
0.19%Relaxo Footwears Ltd.
0.18%Mahindra & Mahindra Financial Services Ltd.
0.17%Bharat Forge Ltd.
0.16%Vedanta Ltd.
0.14%Indian Hotels Co. Ltd.
0.14%Bharti Airtel Ltd. Partly Paid Equity
0.12%HDFC Standard Life Insurance Company Ltd.
0.12%Kalpataru Power Transmission Ltd.
0.11%Sanofi India Ltd.
0.1%GMM Bank of america wire transfer routing number california Ltd.
0.1%UTI Asset Management Company Ltd.
0.06%Grameen Financial Services Pvt Ltd.
0.06%Mindspace Business Parks Ltd.
0.06%Oil India Ltd.
0.05%Hindustan Aeronautics Ltd.
0.04%Bajaj Corp Ltd.
0.03%DCB Bank Ltd.
0.02%INOX Leisure Ltd.
0.02%Karur Vysya Bank Ltd.
0.01%
Financial
19.89%Energy
9.69%Technology
8.31%Automobile
6.96%FMCG
3.86%Healthcare
2.81%Construction
2.66%Services
2.6%Communication
2.56%Metals
2.26%Insurance
1.85%Consumer Durable
1.07%Others
0.57%Chemicals
0.41%Engineering
0.14%
Reserve Bank of India
8.06%Axis Bank Ltd.
3.11%ICICI Bank Ltd.
2.03%GOI
1.65%Nirma Ltd.
0.74%Indusind Bank Ltd.
0.72%Uttar Pradesh State
0.69%Sattva Holding And Trading Pvt. Ltd.
0.43%Lafarge India Ltd
0.42%Tata Motor Finance Ltd.
0.35%Coastal Gujarat Power Ltd.
0.32%IDBI Bank Ltd.
0.3%Muthoot Finance Ltd.
0.28%Avanse Financial Services Ltd
0.28%Manappuram Finance Ltd.
0.25%Embassy Office Parks REIT
0.23%Great Eastern Shipping Company Ltd.
0.21%Essar Oil Ltd.
0.2%Walwhan Renewables Energy Pvt. Ltd.
0.17%HDFC Bank Ltd.
0.15%JMC Projects (India) Ltd.
0.15%Bharti Telecom Ltd.
0.14%Aspire Home Finance Corporation Ltd.
0.14%Angel Broking Ltd.
0.14%State Bank of India
0.14%AU Financiers India Pvt. Ltd.
0.14%Tata Motors Ltd.
0.14%Tata Steel Ltd.
0.12%IDFC Bank Ltd.
0.11%Bajaj Finance Ltd.
0.1%Phoenix ARC Pvt Ltd.
0.1%Sundaram Finance Ltd.
0.08%Prism Cement Ltd.
0.07%Power Finance Corpn. Ltd.
0.04%Britannia Industries Ltd.
0.01%National Thermal Power Corp. Ltd.
0.01%Rural Electrification Corpn. Ltd.
0.01%
Cash
20.18%Cash & Call Money
17.28%SOV
12.89%AA+
6.67%AA
2.41%AAA
1.8%AA-
1.52%A+
0.64%A1+
0.14%
Cash Margin
21%Net Current Assets
10.64%Treasury Bills
8.07%Repo
6.64%Additional Tier 1 Bond
6.5%Non Convertible Debenture
2.57%GOI Securities
2.48%Debenture
1.71%GOI Securities Floating Rate Bond
1.65%Zero Coupon Bonds
1.33%Perpetual Bond
0.74%State Development Loan
0.69%Additional Tier 2 Bond
0.14%Commercial Paper
0.14%Bonds
0.06%Bonds/NCDs
0.01%Interest Rate Swap
-0.81%Index Derivatives
-9.02%
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Frequently asked questions
Mutual fund investments are subject to market risks. Read all scheme related documents carefully.
SEBI Reg. No. INA100006898
1. The Current Net Asset Value of the ICICI Prudential Balanced Advantage Fund - Direct Plan as of 29 Nov 2021 is Rs 19.5600 for IDCW Monthly option of its Direct plan.
2. Its trailing returns over different time periods are: 21.79% (1yr), 14.34% (3yr), 13.06% (5yr) and 13.58% (since launch). Whereas, Category returns for the same time duration are: 21.28% (1yr), 11.72% (3yr) and 10.06% (5yr).
3. The ICICI Prudential Balanced Advantage Fund - Direct Plan currently holds Assets under Management worth of Rs 36815.96 crore as on Oct 31, 2021.
4. The expense ratio of the fund is 1.0% for Direct plan as on Sep 30, 2021.
5. ICICI Prudential Balanced Advantage Fund - Direct Plan shall attract an Exit Load, "For units in excess of 10% of the investment,1% will be charged for redemption within 1 year"
6. Minimum investment required is Rs 500 and minimum additional investment is Rs 100. Minimum SIP investment is Rs 1000.
Show More +
Things you should consider
Riskometer
Investors understand that their principal will be at High risk.
Annualized return for the last 3 years
13.4%Suggested Investment Horizon
>3 yearsAverage time taken to double the money since inception
8 years 3 months
Fund NAV Range
Investment Growth
Loading.
Other MFs
Indices
ETFs
Stocks
NPS Schemes
Rs. 500
Rs. 1000
Rs. 5000
OROnly one asset can be added for purpose of comparison
My Transactions
About Fund
1. ICICI Prudential Balanced Advantage Fund - Direct Plan is Open-ended Dynamic Asset Allocation Icici prudential balanced advantage fund direct plan monthly dividend scheme which belongs to ICICI Prudential Mutual Fund House.
2. The fund was launched on Mar 24, 2013.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to provide capital appreciation and income distribution to the investors by using equity derivatives strategies, arbitrage opportunities and pure equity investments. "
2. It is benchmarked against CRISIL Hybrid 50+50 Moderate Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 36.46% in equities, 25.26% in debts and 38.28% in cash & cash equivalents.
coldwell banker in avalon nj. While the top 10 equity holdings constitute around 32.75% of the assets, the top 3 sectors constitute around icici prudential balanced advantage fund direct plan monthly dividend of the assets.
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 89.24% in giant & large cap companies, 9.2% in mid cap and 1.56% in small cap companies.
4. The portfolio allocation of debt securities primarily have 2 kinds of risks: interest rate risk & credit risk. While the interest rate movements are driven by the fund's duration, credit quality of debt securities are based on the weighted average credit ratings of a fund. Generally, funds with high credit quality will have the weighted average credit rating of AA- and higher rated securities, funds with medium credit quality will hold securities having credit rating lying between A- to BBB- and funds with low credit quality will hold securities having average credit rating of less than BBB. Credit rating is a qualitative tool that basically assesses the creditworthiness and financial soundness of a company and takes into consideration several factors including the default rate and solvency of the concerned business entity.
Tax Implications
Hybrid funds which usually invest 65% or more in equity & equity related instruments will be taxed like Equity funds and those which invest less than 65% in equity & equity related instruments will be taxed like Debt funds. Generally, tax implications are based on the average asset allocation of the last 12 months where the fund has invested. However, since the market is dynamic and asset allocation towards equity may increase or decrease depending on the prevailing market & economic conditions. So, the tax treatment of icici prudential balanced advantage fund direct plan monthly dividend given fund will vary accordingly and will be determined by its asset allocation. Below are the tax implications from equity as well as debt side:
Equity side:
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed icici prudential balanced advantage fund direct plan monthly dividend 1 year of investment.
2. For units redeemed icici prudential balanced advantage fund direct plan monthly dividend 1 year of investment, gains of upto Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
Debt side:
1. If units are redeemed within 3 years of investment, the whole amount of gain will get added to the investor's income and will be taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering down one's capital gains which brings down the taxable income and thereby reduces taxes on it.
Taxes on Dividend income:
1. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according icici prudential balanced advantage fund direct plan monthly dividend his/her respective tax slabs.
2. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
Frequently Asked Questions (FAQs)
Q: Is it safe to invest in ICICI Prudential Balanced Advantage Fund - Direct Plan?
A: As per SEBI’s latest guidelines to calculate risk grades, investment in the ICICI Prudential Balanced Advantage Fund - Direct Plan comes under High risk category.
Q: What is the category of ICICI Prudential Balanced Advantage Fund - Direct Plan?
A: ICICI Prudential Balanced Advantage Fund - Direct Plan belongs to the Hybrid: Dynamic Asset Allocation category of funds.
Q: How Long should I Invest in ICICI Prudential Balanced Advantage Fund - Direct Plan?
A: The suggested investment horizon of investing into ICICI Prudential Balanced Advantage Fund - Direct Plan is >3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and americas test kitchen sourdough that the returns become more predictable.
Q: Who manages the ICICI Prudential Balanced Advantage Fund - Direct Plan?
A: The ICICI Prudential Balanced Advantage Fund - Direct Plan is managed by Priyanka Places that give cash for gift cards near me (Since Jun 16, 2017), Manish Banthia (Since Jan 01, 2013), Ritesh Lunawat (Since Dec 28, 2020), Rajat Chandak (Since Sep 07, 2015), Ihab Dalwai (Since Jan 29, 2018), Sankaran Naren (Since Jul 14, 2017) and Atul Patel (Since Jan 01, 2013).
Data Sources: Mutual Funds, ETFs, and NPS data are sourced from Value Research
All times stamps are reflecting IST (Indian Standard Time). By using this site, you agree to the Terms of Service and Privacy Policy.
ICICI Prudential Balanced Advantage Fund Monthly Rnvstmnt of Inc Dist cum Cap Wdrl
Frequently Asked Questions
What are equity funds?
Equity funds are schemes which concentrate their investments in shares of companies of different market capitalization
What is recommended investment duration?
It is the suggested period for which one should invest in a mutual fund. It does not mean that the money will be locked-in for that period. While the investor can withdraw the money anytime before, it is advisable to stay invested for the suggested period to reap the best benefits (returns).
What are large cap, mid cap, small cap and multi cap equity funds?
SEBI ranks all listed companies based on the overall market capitalization (total value of outstanding shares). Equity funds are schemes which concentrate their investments in shares of companies of different market capitalization. Large-cap funds invest in top 100 companies Mid-cap funds invest in companies ranking from 101 to 250 Small-cap funds invest in companies ranking from 251st onwards Multi-cap funds invest in small cap, mid cap and large cap companies
What are liquid funds?
Liquid funds is a type of mutual funds which have a very short maturity period, not more than 91 days. The shorter maturity period, makes it almost a risk-free investment. Investing in mutual funds will give you higher returns as compared to a savings account which generally offer interests below 4%. At the same time, you can get your money out of liquid funds any time without any penalty or cost.
What are Icici prudential balanced advantage fund direct plan monthly dividend funds?
ELSS funds are tax saving mutual funds, in which majority of the icici prudential balanced advantage fund direct plan monthly dividend are invested in equity schemes. ELSS has a lock-in period of 3 years. ELSS has benefits over other conventional tax saving instruments like FDs, NPS, etc. It has icici prudential balanced advantage fund direct plan monthly dividend lowest lock in period and the returns are higher than the other tax-saving schemes.
What are Balanced/ Hybrid funds?
Hybrid funds are mutual funds in which the fund manager allocates your money icici prudential balanced advantage fund direct plan monthly dividend both equity and debt in a certain ratio. The ratio is decided when the fund is announced and it remains constant santander bank address usa are annualized returns?
The return for a period more than 1 year is annualized. For instance, a 3-Year Return (annualized) of 18% means the fund gave 18% return each year, on an average, for the last 3 years. An initial investment of Rs 1000 would have grow into: Rs 1000*1.18*1.18*1.18 = Rs 1643 in 3 years.
What is a lock-in period?
It is the period becu online banking login which your money will remain locked in the mutual fund. Most mutuals do not have any lock-in period. ELSS, Tax-Savers, come with a lock-in of 3 years which is the lowest compared to other 80C investment options.
Should I choose Monthly SIP or One time investment?
An SIP allows you to invest a fixed sum regularly in mutual fund(s) of your choice. A one-time investment is when you invest on-time in bulk in mutual fund(s). SIP comes with few advantages: It allows you to invest small amount every month without the stress of paying in bulk. Investing all through the year averages the cost of investing - you don?t end up paying too much per unit of mutual fund. Gives you financial discipline
Is KYC necessary for ClearTax?
KYC is necessary for all fund houses. If you are investing through ClearTax, you need to do your KYC just once. The same KYC will be used for all further investments.
How to do KYC on ClearTax?
KYC verification through ClearTax is a very simple process. You can verify by: Icici prudential balanced advantage fund direct plan monthly dividend OTP sent to your Aadhaar-registered mobile number OR By uploading photos/scans of the required documents
Will the NAV be alloted on the same day as the date of payment?
Once the payment is successful and the KYC is complete, the NAV allocation is expected to be done by the next working day of the date of payment. In case of bank and trading market holidays, delay in allocation is expected from the Fund Houses
How much time will it take to get the folio number after the payment?
It takes 2-3 working days to get the folio number once we receive the payment and transaction is processed to the respective Fund House.
What are short terms funds?
Short term funds are mainly those funds which invest in instruments with short maturities, ranging from 1-3 years. These are ideal for conservative investors as they are not majorly affected by interest rate movement.
What are debt-funds?
Debt funds is an investment vehicle that mainly invest in fixed income securities like corporate bonds, treasury bills, government securities and other money market instruments.
What are Bluechip funds?
Bluechip funds are those funds that invest in stocks of well established companies which have proved to perform financially well over a long period of time.
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