ICICI Prudential Balanced Advantage Direct Growth

ICICI Prudential Balanced Advantage Direct Growth is a Hybrid Mutual Fund Scheme launched by ICICI Prudential Mutual Fund. This scheme was made available to investors on 12 Oct 1993. S Naren, Rajat Chandak, Manish Banthia, Ihab Dalwai is the Current Fund Manager of ICICI Prudential Balanced Advantage Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹7,33,780 Cr and the Latest NAV as of 13 May 2024 is ₹71.74. The ICICI Prudential Balanced Advantage Direct Growth is rated High risk. Minimum SIP Investment is set to ₹100. Minimum Lumpsum Investment is ₹500. Exit Load for units in excess of 30% of the investment,1% will be charged for redemption within 1 year. ;

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. ;