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Fincash » HDFC Balanced Advantage Fund Vs ICICI Prudential Balanced Fund

HDFC Balanced Advantage Fund Vs ICICI Prudential Equity and Debt Fund

Updated on November 13, 2019 , 1856 views

HDFC Balanced Advantage Fund and ICICI Prudential Equity and Debt fund both belong to the Balanced Fund category of Mutual Funds. These schemes invest a considerable stake of their fund money in equity and equity-related instruments while the remaining amount in fixed income instruments. These schemes are suitable for individuals seeking for capital appreciation in long-term along with regular flow of income. Equity-oriented debt funds invest more than 65% of their pooled money in equity instruments. Balanced funds in many situations have given more returns as compared to other schemes. Though both HDFC Balanced Advantage Fund and ICICI Prudential Equity and Debt Fund belong to the same category they differ on various parameters such as NAV, performance, Fincash Ratings, and so on. So, let us have an in-depth understanding about the differences between HDFC Balanced Advantage Fund and ICICI Prudential Mutual Fund.

HDFC Balanced Advantage Fund (Erstwhile HDFC Growth Fund)

HDFC Balanced Advantage Fund (earlier known as HDFC Balanced Fund) is a part of HDFC Mutual Fund. It is an open-ended Mutual Fund scheme that was launched in September 2000. The objective of the scheme is to attain growth of capital along with regular income from a portfolio that contains equity, equity-related, debt, and money market instruments. The scheme invests around 65-72% of its corpus in equity-related instruments. It uses CRISIL Balanced Fund Index as its primary benchmark and NIFTY 50 as an additional benchmark to construct its portfolio. As on March 31, 2018, some of the top constituents that form part of HDFC Balanced Advantage Fund’s portfolio included HDFC Bank Limited, ITC Limited, Larsen & Toubro Limited, ICICI Bank Limited, and Voltas Limited. HDFC Balanced Advantage Fund is jointly managed by Mr. Chirag Setalvad and Mr. Rakesh Vyas.

ICICI Prudential Equity and Debt Fund (Erstwhile ICICI Prudential Balanced Fund)

ICICI Prudential Equity and Debt Fund is managed and offered by ICICI Prudential Mutual Fund. The inception date of the scheme is November 03, 1999 and is an open-ended scheme. ICICI Prudential Equity and Debt Fund is jointly managed by Mr. Sankaran Naren, Mr. Atul Patel, and Mr. Manish Banthia. Here, Mr. Manish Banthia looks after the debt investment while the others manage equity investments. The scheme uses CRISIL Hybrid 35+65- Aggressive Index as its benchmark to construct its portfolio. It also uses Nifty 50 Index and 1 Year T Bill as an additional benchmark. The key benefits of this scheme include:

  • It provides dual benefits of regular income and capital growth
  • Through diversification, the scheme tries to reduce the fluctuation in risks and lower the risks involved.

HDFC Balanced Advantage Fund Vs ICICI Prudential Equity and Debt Fund

Though both HDFC Balanced Advantage Fund and ICICI Prudential Equity and Debt Fund belong to the same category of balanced fund equity category, yet there are differences between them in terms of NAV, AUM, portfolio composition, and others. So, let us compare and understand the differences between the schemes that are divided into four sections, namely, basics section, performance section, yearly performance section, and other details section.

Basics Section

Basics section is the first section that includes parameters like Fincash Ratings, Scheme Category, and Current NAV. The comparison of Current NAV of both the schemes reveals that HDFC Balanced Advantage Fund leads the race. As on April 11, 2018, the NAV of HDFC Balanced Advantage Fund was approximately INR 149 while NAV of ICICI Prudential Equity and Debt Fund was approximately INR 127. With respect to scheme category, it can be said that both the scheme belong to the same category, which is, Hybrid Balanced – Equity. Moving on to Fincash Ratings, it can be said that ICICI Prudential Equity and Debt Fund is a 5-Star rated scheme while ICICI Prudential Equity and Debt Fund is a 4-Star rated scheme. The summary of basics section is tabulated as follows.

Parameters
BasicsNAV
Net Assets (Cr)
Launch Date
Rating
Category
Sub Cat.
Category Rank
Risk
Expense Ratio
Sharpe Ratio
Information Ratio
Alpha Ratio
Benchmark
Exit Load
HDFC Balanced Advantage Fund
Growth
Fund Details
₹188.872 ↑ 2.91   (1.56 %)
₹37,850 on 31 Jul 18
11 Sep 00
Hybrid
Dynamic Allocation
23
Moderately High
2.53
0.27
0
0
Not Available
0-1 Years (1%),1 Years and above(NIL)
ICICI Prudential Equity and Debt Fund
Growth
Fund Details
₹135.93 ↑ 0.70   (0.52 %)
₹23,487 on 30 Sep 19
3 Nov 99
Hybrid
Hybrid Equity
7
Moderately High
2.32
0
-0.44
-4.73
Not Available
0-1 Years (1%),1 Years and above(NIL)

Performance Section

Performance section compares the Compounded Annual Growth Rate or CAGR returns of both the schemes at different time intervals. These time intervals include 1 Month Return, 6 Month Return, 3 Year Return, 5 Year Return, and Return Since Inception. Comparison of the performance section reveals that there is no significant difference between both the schemes though, in many instances, HDFC Balanced Advantage Fund leads the race. The comparison summary of performance section is given the table below.

Parameters
Performance1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Since launch
HDFC Balanced Advantage Fund
Growth
Fund Details
2.6%
2.9%
-1.2%
3.1%
16.6%
15.5%
17.2%
ICICI Prudential Equity and Debt Fund
Growth
Fund Details
3.5%
5.9%
4.3%
6.7%
9.7%
9.2%
13.9%

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Yearly Performance Section

It is the third section in the comparison of both the schemes. The yearly performance section compares the absolute returns between both the schemes for a particular year. The assessment of yearly performance section shows at for certain years, HDFC Balanced Advantage Fund leads the race while for other, ICICI Prudential Equity and Debt Fund leads the race. The table given below shows the summary comparison of yearly performance section.

Parameters
Yearly Performance2018
2017
2016
2015
2014
HDFC Balanced Advantage Fund
Growth
Fund Details
0%
0%
0%
0%
0%
ICICI Prudential Equity and Debt Fund
Growth
Fund Details
-1.9%
24.8%
13.7%
2.1%
45.6%

Other Details Section

It is the last section in comparison of both the schemes. This section includes parameters such as AUM, Minimum SIP investment, Minimum Lumpsum investment, and others. To begin with the AUM, it can be said that ICICI Prudential Equity and Debt Fund leads the race. As on February 28, 2018, the AUM of ICICI Prudential Equity and Debt Fund was approximately INR 27,801 crores. On the other hand, the AUM of HDFC Balanced Advantage Fund was approximately INR 20,191 crores. The Minimum SIP investment is different for both the schemes. For HDFC Balanced Advantage Fund it is INR 500 while for ICICI Prudential Equity and Debt Fund it is INR 1,000. Nevertheless, the Minimum lumpsum amount for both the schemes is same, that is INR 5,000. The table given below summarizes the comparison of other details section.

Parameters
Other DetailsMin SIP Investment
Min Investment
Fund Manager
HDFC Balanced Advantage Fund
Growth
Fund Details
₹500
₹5,000
ICICI Prudential Equity and Debt Fund
Growth
Fund Details
₹100
₹5,000
Sankaran Naren - 3.23 Yr.

Growth of 10k Investments over the years

Growth of 10,000 investment over the years.
HDFC Balanced Advantage Fund
Growth
Fund Details
DateValue
31 Oct 14₹10,000
31 Oct 15₹10,091
31 Oct 16₹11,476
31 Oct 17₹14,134
Growth of 10,000 investment over the years.
ICICI Prudential Equity and Debt Fund
Growth
Fund Details
DateValue
31 Oct 14₹10,000
31 Oct 15₹10,625
31 Oct 16₹12,318
31 Oct 17₹14,735
31 Oct 18₹14,514
31 Oct 19₹15,744

Detailed Assets & Holdings Comparison

Asset Allocation
HDFC Balanced Advantage Fund
Growth
Fund Details
Asset ClassValue
Equity Sector Allocation
SectorValue
Debt Sector Allocation
SectorValue
Credit Quality
RatingValue
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Asset Allocation
ICICI Prudential Equity and Debt Fund
Growth
Fund Details
Asset ClassValue
Cash2.51%
Equity73.99%
Debt23.49%
Other0.02%
Equity Sector Allocation
SectorValue
Financial Services20.91%
Basic Materials9.56%
Utility7.94%
Energy7.9%
Communication Services6.14%
Health Care5.16%
Technology5.1%
Consumer Cyclical4.86%
Consumer Defensive4.29%
Industrials3.09%
Real Estate0.58%
Debt Sector Allocation
SectorValue
Corporate20.94%
Government2.65%
Cash Equivalent2.4%
Credit Quality
RatingValue
A0.03%
AA73.08%
AAA26.9%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jul 12 | ICICIBANK
8%₹1,828 Cr42,146,000
↓ -1,300,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 16 | BHARTIARTL
6%₹1,434 Cr39,055,066
NTPC Ltd (Utilities)
Equity, Since 28 Feb 17 | 532555
6%₹1,395 Cr118,685,805
↑ 587,779
ITC Ltd (Consumer Defensive)
Equity, Since 28 Feb 17 | ITC
4%₹952 Cr36,648,129
State Bank of India (Financial Services)
Equity, Since 30 Apr 15 | SBIN
4%₹914 Cr33,768,512
↑ 1,000,000
Oil & Natural Gas Corp Ltd (Energy)
Equity, Since 30 Apr 17 | 500312
4%₹894 Cr67,813,925
Vedanta Ltd (Basic Materials)
Equity, Since 31 May 17 | 500295
4%₹837 Cr54,318,094
Indian Oil Corp Ltd (Energy)
Equity, Since 30 Jun 17 | IOC
3%₹781 Cr53,013,417
Hindalco Industries Ltd (Basic Materials)
Equity, Since 31 Mar 17 | HINDALCO
3%₹727 Cr37,972,141
Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 17 | 532215
2%₹509 Cr7,435,272
↑ 901,245

Thus, from the above pointers, it can be said that there are significant differences between both the schemes based on numerous parameters. As a result, investors should be careful while choosing the appropriate Mutual Fund scheme to invest. They should check whether the scheme matches with their investment objectives and understand the functioning of the scheme thoroughly. Even, individuals can consult a financial advisor, if required. This will help them to accomplish their objectives on time and in a hassle-free manner.

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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