Hi Friends, I am sure you are doing excellent in your life. I believe, Mutual Fund is one of the best investment options available in India, as it caters to the needs of all kind of investors. I always search for very good mutual funds to invest and I found one very attractive fund i.e. ICICI Prudential Balanced Advantage Fund. Yes. it is Balance Fund. I love balanced mutual funds more, because they are the best combination of the equity and debt. The best advantage of the balanced fund is that, the fund manager can park his funds in the debt portfolio, until he gets the excellent opportunity to buy the equities.
Being a Chartered Accountant and a person from Finance background, I always prefer to study every mutual fund before investing money into the same. And during that process, I found this fund ICICI Prudential Balanced Advantage Fund. Because this fund truly caters to the both the goals of the investors i.e Growth and Safety! Yes!
The Fund Manager is the key person for every Mutual Fund. The Fund Managers for ICICI Prudential Balanced Advantage Funds are Manish Gunwani, Ashwin Jain and Rajat Chandak for Equity. These Managers are well experienced and managing the fund very well. And for Debt the Fund Manager is Manish Banthia who is managing this fund since Nov 2009.
If we consider the returns of this fund, it has consistently outperformed its benchmark index i.e. Crisil Balanced Fund Aggressive Index. It has also outperformed Nifty 50 Index also very consistently!
The fund Returns as of Sept 30, 2016 in % CAGR terms are as under:
Friends, considering these factors I found this fund very good investment option for the investors who wish to take care of both the aspects of investments i.e Growth and Safety. The investor can be get benefited with the wisdom of Buying Low and Selling High.
One very useful suggestion or tip to the investors from my side is that they can plan to invest in this fund for the period or more than 18 months. There are two main advantages of this. First is of course if you redeem this fund after 18 months, then there is no any exit load (for up to 20% of your total investment). And Second advantage is that, if you remain invested for the longer time then, you show more faith on the Fund Manager, and it helps to maximize your returns.
And Yes, the most important thing to say about ICICI Balanced Advantage Fund is AUM i.e. Assets Under Management for this Fund Scheme are more than 10000 crore. This is well large. This itself shows more and more investors are showing faith on this Fund. Such well large Fund definitely enjoys an edge on the fund with lesser AUM, in terms of safety and stability.
Nevertheless two most important things every mutual fund investor must remember that
Past Performance may or may not sustain in future. And Mutual Fund investments are subject to market risks, read all scheme related documents carefully
Friends, I hope you enjoyed reading this article about ICICI Prudential Balanced Advantage Fund. And you can check the following link for more details http://www.icicipruamc.com/icici-prudential-balanced-advantage-fund
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