Total Networth

31,634.74 Cr.

The ICICI Prudential Balanced Advantage Fund is a fund offered by the asset management company ICICI Prudential Mutual Fund. As the name indicates, this is a hybrid fund that follows the dynamic asset allocation strategy, making it best suited for investors keen on creating wealth over the long term with a net worth of about Rs.28,000 crores. In terms of portfolio composition, the fund has over 50% of its capital invested in the banking and finance sector. Within the equity category, the fund has predominantly invested in large cap stocks, and within the debt category, the capital is primarily invested in government securities to offset the risk from the equity market. Stocks from HDFC Bank, Avenue Super., Hindalco and Zomato Ltd. form most of the ICICI Prudential Balanced Advantage Fund’s portfolio value as of February 2024.