Mutual Funds - The Annual Returns Of The Fund Versus The Hybrid Equity Oriented Funds Category
You can see that, ICICI Prudential Balanced Advantage Fund outperformed the equity oriented balanced funds category every year over the last 5 years except in 2014, which as most of our readers may know, was a momentum year for stock market in India. In 2017 year to date also, ICICI Prudential Balanced Advantage Fund is underperforming versus the balanced funds category. The Mutual Fund Advisor's best fund is likely to underperform aggressive balanced funds in momentum years, but is likely to outperform in the volatile years. We had discussed earlier that the equity as an asset class is volatile. The investment objective of ICICI Prudential Balanced Advantage Fund is to generate steady and to limit downside risks. The fund has given around 11.5% annualized returns since inception.
Mutual Funds - The NAV growth of ICICI Prudential Balanced Advantage Fund over the last 5 years
Manish Banthia, Rajat Chandak, Sankaran Naren and Vinay Sharma are the fund managers of ICICI Prudential Balanced Advantage
The fund employs the buy low sell high strategy through dynamic asset rebalancing between equity and debt. The active equity allocation of ICICI Prudential Balanced Advantage Fund ranges between 30 – 80% based on dynamic asset allocation strategy determined by Price / Book ratio of the equity market. Buying low and selling high is the mantra of equity investing success. However, it is very difficult to execute because basic greed and fear psychology prevents investors from buying low and selling high.
ICICI Prudential Balanced Advantage Fund removes the psychological barrier for investors and makes investing a disciplined process through the dynamic Price to Book based asset rebalancing strategy. The fund shifts its asset allocation from equity to debt when equity valuations rise and from debt to equity when valuations fall.
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