ICICI Prudential Mutual Fund · Direct Growth · SEBI Category: Balanced Advantage
ICICI Prudential Balanced Advantage Fund is India's largest balanced advantage fund by AUM with over Rs.68,000 crore in assets. Launched in December 2006, it is one of the pioneers of the dynamic asset allocation category in India. The fund uses a proprietary Price-to-Book ratio based model to determine equity allocation — when markets are expensive, equity is reduced; when they are cheap, equity increases. This model-driven approach has been consistent since the fund's early days.
The fund is managed by a large experienced team at ICICI Prudential AMC — one of India's most established fund houses with deep research capabilities. Its large AUM reflects exceptional investor confidence built over nearly two decades. The P/B model used by ICICI Pru BAF has historically led the fund to carry higher equity during corrections and reduce it during expensive markets, giving it a distinctive risk-return profile compared to peers.
ICICI Prudential BAF is co-managed by a specialist team — Rajat Chandak leads the equity component, Manish Banthia heads fixed income, while Ihab Dalwai, Akhil Kakkar and Sri Sharma manage specific portfolio sleeves. This multi-manager structure, overseen by CIO Sankaran Naren, ensures no single point of failure and brings specialist expertise to each part of the portfolio.
For current co-manager details and full biography, refer to the latest ICICI Prudential Mutual Fund factsheet on AMFI or the AMC website.
Informational points to help you form your own view — not judgements or recommendations.
Live data. Current fund highlighted. Click any fund name for full analysis.
| Fund | NAV | AAUM | 1Y Return | 3Y CAGR | 5Y CAGR | Sharpe (3Y) |
|---|---|---|---|---|---|---|
| HDFC Balanced Advantage Fund | ₹550.20 | ₹74.0K Cr Jan–Mar 2026 | -1.2% | +14.8% p.a. | +15.4% p.a. | 0.93 |
| ICICI Prudential Balanced Advantage Fund ▲ | ₹84.33 | ₹68.5K Cr Jan–Mar 2026 | +4.1% | +12.0% p.a. | +11.1% p.a. | 0.93 |
| Edelweiss Balanced Advantage Fund | ₹58.81 | ₹12.5K Cr Jan–Mar 2026 | +3.5% | +11.7% p.a. | +10.6% p.a. | 0.67 |
| Nippon India Balanced Advantage Fund | ₹202.08 | ₹9.3K Cr Jan–Mar 2026 | +2.6% | +11.8% p.a. | +10.6% p.a. | 0.81 |
| Kotak Balanced Advantage Fund | ₹22.33 | ₹17.2K Cr Jan–Mar 2026 | +1.2% | +10.4% p.a. | +9.8% p.a. | 0.62 |
Calculated from 2,566 daily NAV records in RightAdvise DB. Last calculated: Jun 2026.
1M / 3M / 6M / 1Y — simple point-to-point return · 3Y / 5Y / 10Y — CAGR (compounded annual growth rate)
Based on all rolling windows in full NAV history. Dates show the start and end of each period.
Jan 1 to Dec 31 each year. Simple point-to-point — not CAGR.
Rolling returns show performance across every possible investment start date — not one cherry-picked number. Learn more →
How much the fund fell from its peak NAV — what investors actually experience during crashes. Calculated from full NAV history.
Calculated from actual NAV data. "Pre-inception" means the fund didn't exist during that period.
Calculated from 3 years of daily NAV — industry standard. Risk-free rate: 6.5% p.a. Last updated: Jun 2026. What do these mean? →
Our portfolio holdings page shows every stock the fund owns, sector allocation, and month-over-month changes — from official AMC disclosures.
See how ICICI Prudential Balanced Advantage Fund ranks against other Balanced Advantage funds on returns, drawdown, Sharpe ratio and AAUM — side by side.
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