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Fincash » HDFC Hybrid Equity Fund Vs SBI Equity Hybrid Fund

HDFC Hybrid Equity Fund Vs SBI Equity Hybrid Fund

Updated on November 14, 2019 , 927 views

HDFC Hybrid Equity Fund and SBI Equity Hybrid Fund both are a part of Balanced Fund- equity category. These schemes invest their accumulated funds in both equity as well as debt instruments. However, the proportion of equity investments in the total portfolio is more than 65%. These schemes are suitable for investors who do not have a high-risk appetite but at the same time, they are looking for exposure in equity investments. Though both HDFC Hybrid Equity Fund and SBI Equity Hybrid Fund are a part of balanced funds yet, there are differences between both the schemes based on their returns, AUM, and other related parameters. So, let us look at the differences between both the schemes through this article.

Overview of HDFC Hybrid Equity Fund (Erstwhile with HDFC Balanced Fund)

HDFC Balanced Fund is offered and managed by HDFC Mutual Fund. HDFC Premier Multi-Cap Fund and HDFC Balanced Fund merged to form HDFC Hybrid Equity Fund. This scheme is an open-ended balanced scheme that uses CRISIL Balanced Fund Index as its benchmark to construct its portfolio. HDFC Hybrid Equity Fund was launched in the year 2000 and its objective is to attain capital appreciation along with current income. As on February 28, 2018, some of the constituents of HDFC Hybrid Equity Fund’s portfolio consisted of HDFC Bank Limited, Infosys Limited, ICICI Bank Limited, State Bank of India, and Voltas Limited. The fund managers managing HDFC Balanced Fund are Mr. Chirag Setalvad and Mr. Rakesh Vyas. The risk appetite of HDFC Hybrid Equity Fund is moderately high. Thus, this scheme is suitable for investors who are ready to some level of risk in their investments.

Overview of SBI Equity Hybrid Fund (Erstwhile SBI Magnum Balanced Fund)

SBI Equity Hybrid Fund (earlier known as SBI Magnum Balanced Fund) was launched in December 1995 and is managed by SBI Mutual Fund. The scheme uses CRISIL Balanced Fund – Aggressive Index as its yardstick to build its portfolio. The objective of this scheme is to strive for capital growth in long-term along with liquidity by Investing in a combination of equity and Debt fund. As on February 28, 2018, some of the investments that formed part of SBI Equity Hybrid Fund’s portfolio included Kotak Mahindra Bank Limited, Bharti Airtel Limited, Interglobe Aviation Limited, and Infosys Limited. The scheme invests its corpus in companies having high growth potential and balances the risk by investing certain proportion in debt instruments. SBI Equity Hybrid Fund is jointly managed by Mr. R. Srinivasan and Mr. Dinesh Ahuja.

HDFC Hybrid Equity Fund Vs SBI Equity Hybrid Fund

Though both HDFC Hybrid Equity Fund and SBI Equity Hybrid Fund belong to the same category yet; there are differences between both the schemes. So, let us look at the differences between both the schemes based on numerous parameters that are divided into four sections, namely, Basics Section, Performance Section, Yearly Performance Section, and Other Details Section.

Basics Section

The comparable elements forming part of basics section include Scheme Category, Current NAV, Fincash Rating, and so on. To begin with the scheme category, it can be said that both the schemes belong to the same category, that is, Hybrid Balanced – Equity. With respect to Fincash Ratings, it can be said that HDFC Hybrid Equity Fund is rated as a 5-Star Scheme while SBI Equity Hybrid Fund is rated as a 4-Star Scheme. The comparison of NAV of both the schemes reveals that HDFC Hybrid Equity Fund leads the race. As on March 22, 2018, the NAV of HDFC Balanced Fund was approximately INR 142 and of SBI Equity Hybrid Fund was approximately INR 121. The comparison summary of the basics section is tabulated below.

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 Hybrid Equity Fund
Growth
Fund Details
₹51.645 ↑ 0.63   (1.23 %)
₹22,762 on 31 Jul 18
6 Apr 05
Hybrid
Hybrid Equity
57
Moderately High
2.85
-0.41
0
0
Not Available
0-1 Years (1%),1 Years and above(NIL)
SBI Equity Hybrid Fund
Growth
Fund Details
₹143.27 ↑ 0.87   (0.61 %)
₹30,551 on 30 Sep 19
19 Jan 05
Hybrid
Hybrid Equity
10
Moderately High
2.44
0.87
0.18
3.47
Not Available
0-12 Months (1%),12 Months and above(NIL)

Performance Section

The Compounded Annual Growth Rate or CAGR returns at different time intervals are compared in the performance section. These different time intervals at which the returns are compared include 1 Month Return, 6 Month Return, 3 Year Returns, and so on. The comparison of performance section reveals that there is not much difference between both the returns generated by both the schemes. However, in many time intervals, the returns of HDFC Hybrid Equity Fund are higher as compared to the returns of SBI Equity Hybrid Fund. The table given below summarizes the comparison of performance section.

Parameters
Performance1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Since launch
HDFC Hybrid Equity Fund
Growth
Fund Details
1.5%
1.7%
-1.4%
-5.1%
12.7%
13%
12.5%
SBI Equity Hybrid Fund
Growth
Fund Details
3.1%
7.5%
8.9%
15.3%
11.7%
10.4%
15.4%

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Yearly Performance Section

Yearly Performance section compares the returns generated by both the schemes for a particular year. The comparison of yearly performance reveals that for certain years, the performance of HDFC Hybrid Equity Fund is better while for certain years; the performance of SBI Equity Hybrid Fund is better. The table given below summarizes the comparison of yearly performance section.

Parameters
Yearly Performance2018
2017
2016
2015
2014
HDFC Hybrid Equity Fund
Growth
Fund Details
0%
0%
0%
0%
0%
SBI Equity Hybrid Fund
Growth
Fund Details
-0.1%
27.7%
3.7%
7.4%
43.2%

Other Details

This is the last section of comparison between both the schemes. The elements that form part of this section include AUM, Minimum SIP investment, Minimum Lump sum Investment, and so on. The minimum SIP investment for both the schemes is same that is, INR 500. However, in case of Minimum Lumpsum investment, the amount is different for both the schemes. The minimum lump sum amount for HDFC Hybrid Equity Fund is INR 5,000 and for SBI Equity Hybrid Fund is INR 1,000. The AUM of both the schemes is also different though the difference isn’t much. As on February 28, 2018, the AUM of HDFC is approximately INR 20,191 crores and of SBI is approximately INR 21,404 crores. The summary of other details section is as follows.

Parameters
Other DetailsMin SIP Investment
Min Investment
Fund Manager
HDFC Hybrid Equity Fund
Growth
Fund Details
₹500
₹5,000
SBI Equity Hybrid Fund
Growth
Fund Details
₹500
₹1,000
R. Srinivasan - 7.33 Yr.

Growth of 10k Investments over the years

Growth of 10,000 investment over the years.
HDFC Hybrid Equity Fund
Growth
Fund Details
DateValue
31 Oct 14₹10,000
31 Oct 15₹9,889
31 Oct 16₹10,745
31 Oct 17₹13,057
Growth of 10,000 investment over the years.
SBI Equity Hybrid Fund
Growth
Fund Details
DateValue
31 Oct 14₹10,000
31 Oct 15₹11,203
31 Oct 16₹12,584
31 Oct 17₹14,436
31 Oct 18₹14,221
31 Oct 19₹16,614

Detailed Assets & Holdings Comparison

Asset Allocation
HDFC Hybrid Equity Fund
Growth
Fund Details
Asset ClassValue
Equity Sector Allocation
SectorValue
Debt Sector Allocation
SectorValue
Credit Quality
RatingValue
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Asset Allocation
SBI Equity Hybrid Fund
Growth
Fund Details
Asset ClassValue
Cash2.74%
Equity72.35%
Debt24.91%
Equity Sector Allocation
SectorValue
Financial Services31.96%
Industrials6.99%
Consumer Cyclical6.73%
Technology5.92%
Basic Materials4.55%
Consumer Defensive4.39%
Energy3.63%
Health Care3.52%
Communication Services3.24%
Utility1.41%
Debt Sector Allocation
SectorValue
Corporate14.36%
Government10.55%
Cash Equivalent2.74%
Credit Quality
RatingValue
A5.33%
AA23.74%
AAA70.48%
BBB0.13%
Below B0.33%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 May 11 | HDFCBANK
7%₹2,209 Cr18,000,000
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jul 15 | KOTAKBANK
4%₹1,299 Cr7,900,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | 532215
4%₹1,099 Cr16,038,183
↑ 6,038,183
State Bank of India (Financial Services)
Equity, Since 28 Feb 14 | SBIN
4%₹1,083 Cr40,000,000
Infosys Ltd (Technology)
Equity, Since 31 Dec 17 | INFY
4%₹1,072 Cr13,300,000
Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Sep 16 | 500034
3%₹1,012 Cr2,500,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 17 | BHARTIARTL
3%₹989 Cr26,955,223
Divi's Laboratories Ltd (Healthcare)
Equity, Since 30 Apr 16 | DIVISLAB
3%₹836 Cr5,020,541
InterGlobe Aviation Ltd (Industrials)
Equity, Since 30 Sep 17 | INDIGO
3%₹797 Cr4,219,349
↓ -42,584
ICICI Prudential Life Insurance Co Ltd (Financial Services)
Equity, Since 31 Mar 19 | ICICIPRULI
3%₹788 Cr17,000,000

Thus, from the above pointers, it can be said that there are a lot of differences between both the schemes. However, individuals need to be very careful while choosing any of the schemes for investment. They should understand its modalities completely and check whether it is in-line with their objectives or not. If required, people can even consult a financial advisor. This will help them to choose the right scheme and achieve their objectives in a timely 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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