How Can ICICI Prudential Balanced Advantage Fund (G) Add Laurels to Your Investment?

It is difficult to choose an equity-oriented mutual fund when the equity market is facing irregular ups and downs. The new investors under such condition may hesitate to invest in mutual funds. Hybrid mutual funds can shape themselves according to the market conditions so that the volatility in NAV gets minimized. One such popular fund is ICICI Prudential Balanced Advantage Fund. This fund can increase or decrease the allocation of the amount invested in each asset class. If equity market is on the rise, it can shift the majority of corpus allocation towards equity instruments while during the bear market the allocation on equity instruments can be decreased, hence such schemes can be more beneficial than 100% equity or debt funds. To invest in this scheme, connect with the official website of MySIPonline and enhance your investment strategy.

ICICI Prudential Balanced Advantage Fund (G)

It is an equity-oriented hybrid fund which has been chosen by thousands of investors as a result within 12 years of its launch in December 2006. It has assets under management of Rs 27,123 crore (as on April 30, 2018). The fund aims to deliver consistent growth in returns in the long-term. It has fulfilled the goals of the investor in the longer horizons.

The fund manager invests 60-70% of the corpus in equity instruments and 30-40% in debt instruments. The allocation of the corpus can be changed according to the market condition to get the maximum output while exposing the corpus to the low-risk factor. The equity instruments are based on companies of finance, automotive, technology, and pharmaceutical sector. The debt instruments comprise commercial papers, bonds, fixed deposits, certificate of deposits, and government securities.

The fund has shown an annualized growth of 11.8% in 2 years and 14.2% in 5 years. It competes with the benchmark of CRISIL Hybrid 50+50 Moderate Index. Rs 10,000 invested 5 years ago would have become 19,457 by now.

Fund Manager

The fund is managed by a team of 5 highly qualified and professional fund managers which are introduced below.

• Sankaran Naren (Since Jul 2017): He is the CIO of ICICI Prudential AMC and a graduate from IIT Chennai and IIM Kolkata. He is the equity specialist and has a good experience in equity market.
• Rajat Chandak (Since Sep 2015): He is associated with ICICI Prudential AMC since 2008, and is a B.Com and MBA.
• Manish Banthia (Since Nov 2009): He is a B.Com, CA, and MBA. He is associated with ICICI Prudential AMC since October 2005, and has more than 15 years of experience. 
• Atul Patel (Since May 2012): He has national as well as international experience in the finance sector. He is B.Com, CA, and CWA.
• Ihab Dalwai (Since Jan 2018): He is associated with ICICI Prudential AMC since April 2011, and is a B.Com and CA.

ICICI Prudential Balanced Advantage Fund G comes under the umbrella of ICICI Prudential Mutual Fund which is one of the most trusted and popular AMCs in India. The fund is designed for the investors who want to keep a balance between equity and debt. It is also advisable to the investors who are new to the world of mutual fund investments. For more details about the scheme and to check your suitability with the scheme, browse through the official website of MySIPonline where investors are introduced with every pros and con of the schemes and are provided honest opinions by experienced financial experts.