ICICI Prudential cuts fund’s equity allocation to 20-month low

ICICI Prudential Balanced Advantage Fund decreased its equity allocation to 31.2% in July, the lowest in 20 months, owing to rising market valuations. The fund’s equity allocation can range from 30% to 80%. The fund’s lowest equity allocation since its March 2010 launch was 30.13% in August 2018.

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