ICICI Prudential Balanced Advantage Fund
ICICI Prudential Mutual Fund · Best Balanced Advantage Mutual Funds
This is the Direct plan of ICICI Prudential Balanced Advantage Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.
Performance
Scorecard
★★★★★5/5 vs 30 of 36 Dynamic Asset Allocation or Balanced Advantage peers- Performance 60%
- Risk 15%
- Cost 10%
- Downside 15%
How this is computed
Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Dynamic Asset Allocation or Balanced Advantage (same plan and option). 30 of the 36 Dynamic Asset Allocation or Balanced Advantage funds in this cohort carry the full record the stars need, so they are the ones ranked against.
3Y CAGR +10.31% · ranks 8 of 30 Dynamic Asset Allocation or Balanced Advantage funds
Volatility 7.1% vs 8.5% category avg
1.0% expense vs 1.1% category avg
99% of rolling 3Y windows were positive
Strengths & concerns
Generated from this fund's own numbers against its sub-category — each point names the figure behind it.
Strengths
- 1-year return (+1.60%) beats the Dynamic Asset Allocation or Balanced Advantage average (+0.42%)
- 3-year return (+10.31%) beats the Dynamic Asset Allocation or Balanced Advantage average (+8.89%)
- 5-year return (+9.90%) beats the Dynamic Asset Allocation or Balanced Advantage average (+8.31%)
- Stronger risk-adjusted returns — Sharpe 0.54 vs 0.29 Dynamic Asset Allocation or Balanced Advantage average
- Less volatile than its Dynamic Asset Allocation or Balanced Advantage peers (7.1% vs 8.5%)
Concerns
No significant concerns identified.
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk and benchmark ratios
Fund vs category average (Dynamic Asset Allocation or Balanced Advantage)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | -3.71% | -2.95% | -0.76% |
| 3M abs | -2.67% | -2.14% | -0.53% |
| 6M abs | +4.70% | +5.03% | -0.33% |
| 1Y CAGR | +1.60% | +0.42% | +1.18% |
| 3Y CAGR | +10.31% | +8.89% | +1.42% |
| 5Y CAGR | +9.90% | +8.31% | +1.59% |
Category average across peers in Dynamic Asset Allocation or Balanced Advantage (up to 36 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).
Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.
Category rank
Vs 36 peers in Dynamic Asset Allocation or Balanced Advantage
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
60 monthly installments of ₹10,000 into ICICI Prudential Balanced Advantage Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.
Calendar-year returns
What the fund actually returned in each year, not the smoothed average.
| Year | Fund | Nifty 50 TRI | Diff | |
|---|---|---|---|---|
| 2026part | -1.73% | -12.85% | +11.12% | |
| 2025 | +12.87% | +11.97% | +0.90% | |
| 2024 | +12.98% | +10.16% | +2.82% | |
| 2023 | +17.24% | +21.69% | -4.45% | |
| 2022 | +8.62% | +5.68% | +2.94% | |
| 2021 | +15.86% | +25.49% | -9.63% | |
| 2020 | +12.37% | +16.57% | -4.20% | |
| 2019 | +11.42% | +13.43% | -2.01% | |
| 2018 | +3.66% | +4.40% | -0.74% | |
| 2017 | +20.59% | +30.12% | -9.53% |
January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.
Taxation
Taxed as equityThis is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.
Flat, on the whole gain
On gains above ₹1.25 L per financial year
Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.
Asset allocation
As on 31 Aug 2026 · AMC disclosure- Equity70.31%
- Debt18.16%
- Cash & Equivalents7.53%
- Real Estate / REITs4.01%
Fund size over time
Quarterly average AUM · AMFIAt or near its largest, ₹70,787Cr in April - June 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.
Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.
AMC Profile
ICICI Prudential Mutual Fund is a joint venture between ICICI Bank and Prudential plc of the UK, in business since 1993. It is among India's largest houses by assets and runs one of the industry's widest scheme line-ups across equity, debt and hybrid.
Fund Managers
RCRajat ChandakManaging since 07 Sep 2015
Senior Fund Manager – MF Equity
B.Com, PGDM (Finance)
Mr. Rajat Chandak has over 17 years of experience in fund management research analysis. He is associated with ICICI Prudential Asset Management Company Limited from May 2008 till date.
MBManish BanthiaManaging since 14 Jul 2017
Chief Investment Officer - Fixed Income
Chartered Accountant, MBA and B.Com
Mr. Manish Banthia is the Chief Investment Officer for the Fixed Income Investments. He is associated with ICICI Prudential Asset Management Company Limited since October 2005. He has an overall work experience of around 21 years. Past Experience: ~ ICICI Prudential Asset Management Company Limited - Fixed Income Investments - August 2007 to October 2009. ~ ICICI Prudential Asset Management Company Limited - New Product Development - October 2005 to July 2007. ~ Aditya Birla Nuvo Ltd. – June 2005 to October 2005. ~ Aditya Birla Management Corporation Ltd. – May 2004 to May 2005.
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AKAkhil KakkarManaging since 22 Jan 2024
Senior Fund Manager – Fixed Income
PGDM (Finance) and B. Tech (Electrical)
Mr. Akhil joined ICICI Prudential Asset Management Company Limited in September 2015. He has around 18 years of experience. Past Experience: ~ Kotak Mahindra Bank Vice President, Debt Capital Markets - February 2010 to September 2015. ~ SBI Capital Markets Associate, Project Advisory ICICI Prudential Credit Risk Fund & Structured Finance - May 2009 to February 2010. ~Goldman Sachs Services Pvt Ltd - Analyst Developer - June 2005 to June 2007.
SSri SharmaManaging since 04 Nov 2024
Fund Manager – MF Equity
Over 8 years
Chartered Accountant, Chartered Financial Analyst (CFA) and M.Com
She had joined in the Product Development Department of the AMC and is associated with the AMC since 2017. She has been appointed as a Fund Manager to manage certain Equity Schemes. Further Sri is also designated as the Fund Manager for managing derivatives investments of specific Schemes. Past Experience: ~ ICICI Prudential Asset Management Company Limited – ICICI Prudential Asset Management Company Limited - January 2017 to March 2021. ~ PriceWaterhouse Coopers - Article Trainee/ Senior Associate- Statutory Audit - August 2013 to September 2016.
SDSharmila D'silvaStart date not disclosed
Fund Manager – MF Equity
Over 8 years
CA and Bachelor of Commerce in Accounting and Finance (BAF)
Sharmila D’silva is associated with ICICI in Prudential Asset Management Company Limited from September 2016. She is involved in economics research, strategy research and business cycle research.
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- ICICI Prudential Flexi Cap fund
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Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.
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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.
About Balanced Advantage funds
Balanced advantage (dynamic asset allocation) funds move between equity and debt based on market valuations, adding more stocks when they look cheap and trimming when they look dear. The goal is a smoother ride.
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Frequently asked questions
What is the NAV of ICICI Prudential Balanced Advantage Fund?
As of 05 Oct 2026, the NAV of ICICI Prudential Balanced Advantage Fund is ₹85.32 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has ICICI Prudential Balanced Advantage Fund delivered?
ICICI Prudential Balanced Advantage Fund has returned +1.60% over 1 year, +10.31% per year over 3 years, +9.90% per year over 5 years and +12.25% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.
What is the expense ratio of ICICI Prudential Balanced Advantage Fund?
ICICI Prudential Balanced Advantage Fund charges an expense ratio of 1.03% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.
What are the top holdings of ICICI Prudential Balanced Advantage Fund?
ICICI Prudential Balanced Advantage Fund's largest holdings are TVS Motor Company Ltd. (6.2%), ICICI Bank Ltd. (4.1%), HDFC Bank Ltd. (3.3%), EMBASSY OFFICE PARKS REIT (2.8%) and Reliance Industries Ltd. (2.6%). Holdings are disclosed monthly and change over time.
How risky is ICICI Prudential Balanced Advantage Fund?
ICICI Prudential Balanced Advantage Fund is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 7.1% and its worst peak-to-trough fall in our sample was -27.0%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.
What does the Sharpe ratio of 0.54 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. ICICI Prudential Balanced Advantage Fund's 0.54 means it has rewarded its volatility with excess return. Higher is better.
What is the benchmark of ICICI Prudential Balanced Advantage Fund?
ICICI Prudential Balanced Advantage Fund is benchmarked against the CRISIL Hybrid 50+50 Moderate Index. Its alpha and beta on this page are measured against that index.
Who manages ICICI Prudential Balanced Advantage Fund?
ICICI Prudential Balanced Advantage Fund is managed by Rajat Chandak, Manish Banthia, Akhil Kakkar, Sri Sharma and Sharmila D'silva at ICICI Prudential.
How is ICICI Prudential Balanced Advantage Fund taxed?
ICICI Prudential Balanced Advantage Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.