ICICI Prudential Balanced Advantage Fund<\/strong> is a Balanced Advantage Fund<\/a>, that dynamically balances investments in both equity and debt to provide growth alongside stability. Its focus on long-term investments and prudent risk management approach has resulted in remarkable returns for investors.<\/p>\n\n\n\n What is the growth of Rs 10,000 invested in ICICI Pru Balanced Advantage Fund five years ago?<\/em><\/strong><\/p>\n\n\n\n Past performance is not an indicator of future returns ICICI Prudential Balanced Advantage Fund stands as one of the longest-standing schemes in its category, boasting a track record spanning over 17 years. Categorised as a Balanced Advantage Fund, ICICI Prudential Balanced Advantage Fund dynamically manages its allocation between equity and debt to offer investors the benefit of portfolio rebalancing in line with the dynamic market conditions. It uses an in-house model to assess the valuations and decide the equity level in the portfolio. However, the fund maintains an equity allocation of a minimum of 65% at all points in time to retain the status of equity taxation.<\/p>\n\n\n\n In case the equity valuations move up, the fund achieves the desired equity level with the help of derivatives. ICICI Prudential Balanced Advantage Fund also actively manages the debt portion to offer a cushion against phases of intense market volatility. Despite witnessing bouts of underperformance in the short term, ICICI Prudential Balanced Advantage Fund holds a commendable long-term performance of outpacing most of its peers. Consequently, the fund’s corpus has increased manifold over the years, making it the second-largest scheme in the category having an AUM of Rs 56,175 crore as of March 2024.<\/p>\n\n\n\n The fund’s strategy of maintaining a diverse portfolio spread across equity and debt segments and backed by strong processes led by an experienced fund management team, has worked in its favour. In the last 5 years, ICICI Prudential Balanced Advantage Fund has grown at a CAGR of 13.4% compared to a growth of 14.3% in the CRISIL Hybrid 35+65 Aggressive index. An investment of Rs 10,000 in the fund five years ago would now be worth Rs 18,795, whereas a simultaneous investment in the index would have now appreciated to Rs 19,491.<\/p>\n\n\n\n How has ICICI Pru Balanced Advantage Fund performed on a rolling return basis?<\/em><\/strong><\/p>\n\n\n\n The securities quoted are for illustration only and are not recommendatory. In previous years, ICICI Prudential Balanced Advantage Fund consistently outperformed many peers within the Balanced Advantage Fund category, often by a significant margin. However, its performance lagged behind several prominent peers over the last 1-year period, impacting its returns. Nonetheless, ICICI Prudential Balanced Advantage Fund maintains commendable long-term performance. Over extended 5-year and 7-year periods, it consistently ranks among the top quartile performers in the category and closely mirrors the CRISIL Hybrid 35+65 Aggressive index.<\/p>\n\n\n\n Moreover, ICICI Prudential Balanced Advantage Fund distinguishes itself with superior risk-adjusted returns, demonstrating notably lower volatility compared to peers and the CRISIL Hybrid 35+65 Aggressive index. Additionally, its Sharpe Ratio (0.43) stands out as one of the best in the category, exceeding that of the index.<\/p>\n\n\n\n![\"\"](\"https:\/\/data.personalfn.com\/images\/What-is-the-growth-of-Rs-10000-invested-in-ICICI-Pru-Balanced-Advantage-Fund-five-years-ago.jpg\")
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Data as of April 24, 2024
(Source: ACE MF, data collated by PersonalFN)\u00a0<\/p>\n\n\n\n\n\t\n\t\t
\n\t\t\t Scheme Name<\/td>\n\t\t\t Corpus (Cr.)<\/td>\n\t\t\t 1 Year<\/td>\n\t\t\t 2 Year<\/td>\n\t\t\t 3 Year<\/td>\n\t\t\t 5 Year<\/td>\n\t\t\t 7 Year<\/td>\n\t\t\t Std Dev<\/td>\n\t\t\t Sharpe<\/td>\n\t\t<\/tr>\n\t\t \n\t\t\t HDFC Balanced Advantage Fund<\/a><\/td>\n\t\t\t 79,875<\/td>\n\t\t\t 28.13<\/td>\n\t\t\t 21.15<\/td>\n\t\t\t 27.13<\/td>\n\t\t\t 16.85<\/td>\n\t\t\t 15.28<\/td>\n\t\t\t 10.68<\/td>\n\t\t\t 0.50<\/td>\n\t\t<\/tr>\n\t\t \n\t\t\t Baroda BNP Paribas Balanced Advantage Fund<\/a><\/td>\n\t\t\t 3,784<\/td>\n\t\t\t 19.42<\/td>\n\t\t\t 11.87<\/td>\n\t\t\t 16.09<\/td>\n\t\t\t 16.58<\/td>\n\t\t\t —<\/td>\n\t\t\t 9.30<\/td>\n\t\t\t 0.28<\/td>\n\t\t<\/tr>\n\t\t \n\t\t\t Tata Balanced Adv Fund<\/a><\/td>\n\t\t\t 8,943<\/td>\n\t\t\t 16.45<\/td>\n\t\t\t 11.54<\/td>\n\t\t\t 15.53<\/td>\n\t\t\t 14.81<\/td>\n\t\t\t —<\/td>\n\t\t\t 6.49<\/td>\n\t\t\t 0.37<\/td>\n\t\t<\/tr>\n\t\t \n\t\t\t ICICI Pru Balanced Advantage Fund<\/a><\/td>\n\t\t\t 56,175<\/td>\n\t\t\t 15.11<\/td>\n\t\t\t 11.41<\/td>\n\t\t\t 15.21<\/td>\n\t\t\t 12.33<\/td>\n\t\t\t 11.85<\/td>\n\t\t\t 5.30<\/td>\n\t\t\t 0.43<\/td>\n\t\t<\/tr>\n\t\t \n\t\t\t Nippon India Balanced Advantage Fund<\/a><\/td>\n\t\t\t 7,719<\/td>\n\t\t\t 15.74<\/td>\n\t\t\t 10.57<\/td>\n\t\t\t 15.14<\/td>\n\t\t\t 11.78<\/td>\n\t\t\t 11.88<\/td>\n\t\t\t 7.02<\/td>\n\t\t\t 0.34<\/td>\n\t\t<\/tr>\n\t\t \n\t\t\t Aditya Birla SL Balanced Advantage Fund<\/a><\/td>\n\t\t\t 7,062<\/td>\n\t\t\t 15.74<\/td>\n\t\t\t 9.89<\/td>\n\t\t\t 14.59<\/td>\n\t\t\t 11.90<\/td>\n\t\t\t 11.15<\/td>\n\t\t\t 6.96<\/td>\n\t\t\t 0.29<\/td>\n\t\t<\/tr>\n\t\t \n\t\t\t Kotak Balanced Advantage Fund<\/a><\/td>\n\t\t\t 15,721<\/td>\n\t\t\t 14.91<\/td>\n\t\t\t 9.89<\/td>\n\t\t\t 13.39<\/td>\n\t\t\t 12.49<\/td>\n\t\t\t —<\/td>\n\t\t\t 6.14<\/td>\n\t\t\t 0.29<\/td>\n\t\t<\/tr>\n\t\t \n\t\t\t Bank of India Balanced Advantage Fund<\/a><\/td>\n\t\t\t 122<\/td>\n\t\t\t 16.28<\/td>\n\t\t\t 14.44<\/td>\n\t\t\t 13.35<\/td>\n\t\t\t 7.98<\/td>\n\t\t\t 7.50<\/td>\n\t\t\t 12.05<\/td>\n\t\t\t 0.22<\/td>\n\t\t<\/tr>\n\t\t \n\t\t\t Axis Balanced Advantage Fund<\/a><\/td>\n\t\t\t 2,103<\/td>\n\t\t\t 16.77<\/td>\n\t\t\t 9.48<\/td>\n\t\t\t 12.99<\/td>\n\t\t\t 10.12<\/td>\n\t\t\t —<\/td>\n\t\t\t 7.94<\/td>\n\t\t\t 0.29<\/td>\n\t\t<\/tr>\n\t\t \n\t\t\t ITI Balanced Advantage Fund<\/a><\/td>\n\t\t\t 340<\/td>\n\t\t\t 16.32<\/td>\n\t\t\t 8.49<\/td>\n\t\t\t 12.85<\/td>\n\t\t\t —<\/td>\n\t\t\t —<\/td>\n\t\t\t 8.15<\/td>\n\t\t\t 0.29<\/td>\n\t\t<\/tr>\n\t\t \n\t\t\t CRISIL Hybrid 35+65 – Aggressive Index<\/td>\n\t\t\t <\/td>\n\t\t\t 15.97<\/td>\n\t\t\t 9.80<\/td>\n\t\t\t 15.71<\/td>\n\t\t\t 13.03<\/td>\n\t\t\t 12.59<\/td>\n\t\t\t 9.49<\/td>\n\t\t\t 0.24<\/td>\n\t\t<\/tr>\n\t<\/tbody>\n<\/table>\n<\/div>\n<\/center>\n\n\n\n
Returns are on a rolling basis and in %. Direct Plan-Growth option. Those depicted over 1-Yr are compounded annualised. Risk ratios are calculated over a 3-year period assuming a risk-free rate of 6% p.a.
Data as of April 24, 2024
(Source: ACE MF, data collated by PersonalFN)
Please note, this table only represents the best-performing funds based solely on past returns and is NOT a recommendation. Mutual Fund investments are subject to market risks. Read all scheme-related documents carefully before investing. Past performance is not an indicator for future returns. The percentage returns shown are only for indicative purposes.<\/strong><\/p>\n\n\n\n
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