Overcome Market Volatility with ICICI Prudential Balanced Advantage Fund (G)

Current market volatility is creating panic among thousands of investors. People are selling their holdings of equity funds and are looking for an alternative with the help of which they can sail through these volatile markets. If you are one of them, then you are in luck today, as in this post, we are going to discuss a scheme which can help you in gaining stable returns even during this unstable market and that scheme is ICICI Prudential Balanced Advantage Fund.

Basic Scheme Details

This is a hybrid- dynamic asset allocation category fund which was launched on Dec 30, 2006, with the objective to provide long-term capital growth by investing in a dynamic portfolio of instruments from different asset classes. The scheme constantly make changes in the portfolio based on the behavior of the capital market. Currently, ICICI Prudential Balanced Advantage Fund NAV is Rs 33.6 (as on Jul 23, 2018) and the assets under management as recorded on Jun 30, 2018, are worth Rs 27,877 crores. The whopping asset size shows the trust that lakhs of investors have in this scheme and the growth which it has made over the years. The annual expense ratio of the scheme is 2.15% (as on Jun 30, 2018), and you will have to pay an exit load of 1% if you take out your investments before completion of 365 days. You can invest in this scheme through MySIponline with a minimum investment amount of Rs 500 and can start a SIP with a minimum of Rs 1000. 

Asset Distribution

ICICI Prudential Balanced Advantage Fund invests in a mix of different asset classes and currently has 40.11% investment in equity instruments, 32.9% in debt instruments and the remaining 26.99% in cash and cash equivalents. The equity instruments are mainly from finance, automobile, energy, FMCG, services, technology, and healthcare sectors. The top holdings from equities include companies like HDFC Bank, Infosys, HDFC, Hindustan Unilever, and ICICI bank. As for the debt, GOI Securities, Commercial Paper, Fixed Deposits, Bonds, and Debentures are the most favored instruments and you don't have to worry about the quality of these instruments as most of these have a credit rating of A1+ and more. 

How Can it Help in Overcoming Market Volatility?

ICICI Prudential Balanced Advantage Fund is one of the best choices you can make right now and the reasons are diversity in assets and the dynamic style of investing which it follows. With the help of these, the scheme can stay stable even when the equity market is flickering. How? Well, let's see. Say, the equity market is down and almost all the sectors are underperforming, now to avoid the drop in NAV the scheme will change the allocation and will guide more investments towards the debt instruments. This change will make the effect of the equity losses lower as the stable returns from debt and cash instruments will provide a support to the scheme.

Going through the post you must have known that what ICICI Prudential Balanced Advantage Fund is and how it can help you in beating the market volatility. This scheme is a perfect combination of growth and security and has provided investors with satisfactory returns over the years. If you have any queries about this or any other mutual fund scheme, then you can visit MySIPonline and can get the solution to all your investment-related queries 24x7.