ICICI Prudential Balanced Advantage Fund
ICICI Prudential Mutual Fund·Dynamic Asset Allocation Fund·vs CRISIL Hybrid 50+50
The fund has tilted distinctly defensive with a 70% equity stance, building conviction in cash and government securities while reducing volatility hedges. Banking and automotive sectors dominate, reflecting a bet on domestic consumption resilience over growth narratives. The sharp increase in TREPS and tactical entry into value plays like Vedanta suggest the manager is positioning for rate stability and economically sensitive recovery, signaling cautious optimism tempered by near-term uncertainty.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹84.1100 | -0.79% | — | — | — | — | — |
| Regular Growth | ₹75.0400 | -0.85% | -3.15% | -2.06% | +3.88% | +11.52% | +10.90% |
| Direct IDCW | ₹28.5500 | -0.80% | — | — | — | — | — |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
210
Top 5 Weight
19.08%
Top 10 Weight
29.82%
Active Share
—
Large Cap
57.02%
Gini
0.617
What Changed2026-03-31 → 2026-04-30
Holdings: 210 → 213+18 added−15 removed31 weight shifts ≥ 0.1%
| Stock | Weight |
|---|---|
| Vedanta Aluminium Metal Ltd. | 0.16% |
| Vedanta Iron And Steel Ltd. | 0.16% |
| Malco Energy Ltd. | 0.16% |
| Talwandi Sabo Power Ltd. | 0.16% |
| Nifty 50 Index Put option $$ | 0.10% |
| Nifty 50 Index Put option $$ | 0.05% |
| Nifty 50 Index Put option $$ | 0.01% |
| Government Securities | 0.20% |
| Muthoot Finance Ltd. ** | 0.43% |
| Manappuram Finance Ltd. ** | 0.14% |
| Bharti Telecom Ltd. ** | 0.11% |
| TVS Credit Services Ltd. ** | 0.04% |
| Aditya Birla Housing Finance Ltd. ** | 0.21% |
| 91 Days Treasury Bills | 0.53% |
| 364 Days Treasury Bills | 0.19% |
| 182 Days Treasury Bills | 0.09% |
| 364 Days Treasury Bills | 0.09% |
| 91 Days Treasury Bills | 0.06% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | TREPS | 7.96% |
| 2 | TVS Motor Company Ltd. INE494B01023 | 5.25% |
| 3 | ICICI Bank Ltd. INE090A01021 | 3.97% |
| 4 | HDFC Bank Ltd. INE040A01034 | 3.65% |
| 5 | Reliance Industries Ltd. INE002A01018 | 3.27% |
| 6 | Infosys Ltd. INE009A01021 | 2.95% |
| 7 | EMBASSY OFFICE PARKS REIT INE041025011 | 2.90% |
| 8 | Larsen & Toubro Ltd. INE018A01030 | 2.25% |
| 9 | Maruti Suzuki India Ltd. INE585B01010 | 1.97% |
| 10 | State Bank Of India INE062A01020 | 1.88% |
| 11 | Axis Bank Ltd. INE238A01034 | 1.74% |
| 12 | Eternal Ltd. INE758T01015 | 1.70% |
| 13 | HDFC Bank Ltd. INE040A16JC3 | 1.47% |
| 14 | Interglobe Aviation Ltd. INE646L01027 | 1.44% |
| 15 | Britannia Industries Ltd. INE216A01030 | 1.38% |
| 16 | Bharti Airtel Ltd. INE397D01024 | 1.32% |
| 17 | Trent Ltd. INE849A01020 | 1.30% |
| 18 | NTPC Ltd. INE733E01010 | 1.28% |
| 19 | HCL Technologies Ltd. INE860A01027 | 1.26% |
| 20 | Avenue Supermarts Ltd. INE192R01011 | 1.25% |
Sector Allocation
Banks12.6%
SOV8.9%
Automobiles8.2%
It - Software6.0%
Retailing4.9%
Units of Real Estate Investment Trust (REITs)3.9%
CRISIL A1+3.5%
Petroleum Products3.3%
Capital Markets2.5%
Finance2.5%
Top 10 sectors by % to NAV. Excludes derivatives.