ICICI Prudential Balanced Advantage Fund lifts equity to five year high 61.9 percent

Fund shifts 61.9 percent into equities after the sell off

ICICI Prudential’s Balanced Advantage Fund has raised its equity allocation to 61.9%, its highest in nearly five years. The move follows a recent market sell-off, suggesting managers now feel more comfortable with valuations. Using a dynamic approach, the fund can rebalance between equity and debt as conditions change, targeting investors who want automated asset allocation.