ICICI Prudential Balanced Advantage Fund: Fund review
The scheme is the top performer in the five and 10-year periods.
Experts believe that such schemes tend to do well only in the long term.
Updated: Dec 17, 2019, 01.49 PM IST
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Depending upon the valuation of markets, balanced advantage schemes allocate 40-60% of their portfolios to equities and the remaining portion in arbitrage and debt products.
This flexibility helps to a considerable extent to tide over the prevailing uncertainties in the markets, especially in the long term.
Among balanced advantage schemes, ICICI Prudential Balanced Advantage Fund is the top performer in the past five-year and 10-year periods.
ICICI Prudential IPO
It has given returns of 9.2% and 12% in the past five-year and 10-year periods, respectively, when its peers generated average returns of 8.9% and 9.7% over the same time periods. The scheme’s fund managers S Naren, Rajat Chandak, and Dharmesh Kakkad have constructed a balanced and well-diversified portfolio which includes a fair amount of well-placed large- and blue-chip companies and AAA-rated debt securities.
All You Need To Know About The ICICI Prudential IPO
Retail investors may consider adding this scheme to the portfolio with an investment horizon of at least five years as such schemes tend to do well only in the long term.
Portfolio Change (Past 6 months)
|New Entrants||Complete Exits||Increase in Allocation|
|BPCL||Dabur India||ICICI Lombard General Insurance|
|Divis Laboratories||Glaxosmithkline Comsumer Healthcare||Mahindra & Mahindra Financial Services|
|Equitas Holdings||IndusInd Bank||Oberoi Realty|
|Inox Leisure||Marico, Max FinancialServices, Petronet LNG||United Breweries|
|Jubilant FoodWorks||ICICI Prudential Life Insurance|
|Kalpataru Power Transmission||Page Industries|
|LIC Housing Finance||Power Grid Corporation of India|
Returns (In %)
|Period||CAGR Return||SIP CAGR Return||Balanced Advantage Fund - Average CAGR Return (%)|
Vishal Dhawan, Founder, Plan Ahead Wealth Advisors
An excellent scheme that has performed over a long period.
Ideal for conservative investors. They can invest lump sum.
Not to be Missed
The flexibility in shifting investments from equity to debt and vice versa depending upon the attractiveness of each asset class suits retail investors. To a large extent, this flexibility helps protect the portfolio value better in a down market.