ICICI Prudential Balanced Advantage Fund
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 | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹84.4400 | -1.77% | — | — | — |
| Regular Growth | ₹75.3400 | -1.80% | +3.40% | +11.65% | +10.99% |
| Direct IDCW | ₹28.6700 | -1.75% | — | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Active Stock PickerActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
What Changed2026-03-31 → 2026-04-30
| 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
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does ICICI Prudential Balanced Advantage Fund hold?
ICICI Prudential Balanced Advantage Fund holds 210 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 19.08% of NAV.
What is the largest holding in ICICI Prudential Balanced Advantage Fund?
The largest position in ICICI Prudential Balanced Advantage Fund is TREPS, accounting for 7.96% of NAV.
Is ICICI Prudential Balanced Advantage Fund a concentrated or diversified fund?
With a Gini coefficient of 0.617, ICICI Prudential Balanced Advantage Fund is moderately concentrated. The HHI concentration index is 14,147 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 19.08% of the portfolio.
What is the market cap allocation of ICICI Prudential Balanced Advantage Fund?
Based on SEBI's AMFI classification, ICICI Prudential Balanced Advantage Fund's equity portfolio is split as: Large Cap: 57.02%, Mid Cap: 5.23%, Small Cap: 3.13%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does ICICI Prudential Balanced Advantage Fund invest in most?
ICICI Prudential Balanced Advantage Fund has the highest allocation to Banks (12.59%), SOV (8.93%), Automobiles (8.24%). The fund is invested across 58 sectors in total.
How actively managed is ICICI Prudential Balanced Advantage Fund compared to other Dynamic Asset Allocation Fund funds?
ICICI Prudential Balanced Advantage Fund has an Active Share of 50.98%, classifying it as "Active Stock Picker" among 35 Dynamic Asset Allocation Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in ICICI Prudential Balanced Advantage Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, ICICI Prudential Balanced Advantage Fund added 18 new stocks (including Vedanta Aluminium Metal Ltd.) and exited 15 stocks (including KEC International Ltd.). Total holding count increased from 210 to 213 stocks.