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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 August 7, 2022 , 10537 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
₹80.963 ↑ 0.36   (0.44 %)
₹17,192 on 30 Jun 22
6 Apr 05
Hybrid
Hybrid Equity
57
Moderately High
1.79
-0.17
0
0
Not Available
0-1 Years (1%),1 Years and above(NIL)
SBI Equity Hybrid Fund
Growth
Fund Details
₹204.519 ↑ 0.71   (0.35 %)
₹48,908 on 30 Jun 22
19 Jan 05
Hybrid
Hybrid Equity
10
Moderately High
1.68
-0.21
-0.12
0.28
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
5.7%
5.6%
1.7%
7.2%
15.7%
10.1%
15.4%
SBI Equity Hybrid Fund
Growth
Fund Details
5.9%
4.6%
1.5%
6.8%
15.1%
11.5%
15.2%

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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 Performance2021
2020
2019
2018
2017
HDFC Hybrid Equity Fund
Growth
Fund Details
25.7%
13.4%
7.5%
-2.8%
27.5%
SBI Equity Hybrid Fund
Growth
Fund Details
23.6%
12.9%
13.5%
-0.1%
27.7%

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
₹300
₹5,000
Chirag Setalvad - 15.34 Yr.
SBI Equity Hybrid Fund
Growth
Fund Details
₹500
₹1,000
R. Srinivasan - 10.59 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 Jul 17₹10,000
31 Jul 18₹10,395
31 Jul 19₹10,493
31 Jul 20₹10,189
31 Jul 21₹14,865
31 Jul 22₹15,882
Growth of 10,000 investment over the years.
SBI Equity Hybrid Fund
Growth
Fund Details
DateValue
31 Jul 17₹10,000
31 Jul 18₹10,850
31 Jul 19₹11,317
31 Jul 20₹11,649
31 Jul 21₹15,894
31 Jul 22₹16,893

Detailed Assets & Holdings Comparison

Asset Allocation
HDFC Hybrid Equity Fund
Growth
Fund Details
Asset ClassValue
Cash15.32%
Equity71.24%
Debt13.44%
Equity Sector Allocation
SectorValue
Financial Services26.05%
Industrials12.72%
Technology7.64%
Energy7.14%
Consumer Defensive4.36%
Utility3.06%
Basic Materials2.81%
Communication Services2.74%
Health Care2.47%
Consumer Cyclical1.76%
Debt Sector Allocation
SectorValue
Cash Equivalent15.32%
Government9.85%
Corporate3.59%
Credit Quality
RatingValue
AA10.22%
AAA89.78%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 10 | ICICIBANK
8%₹1,330 Cr18,800,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 18 | RELIANCE
6%₹954 Cr3,675,000
Infosys Ltd (Technology)
Equity, Since 31 Jan 03 | INFY
5%₹822 Cr5,623,368
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Aug 13 | HDFCBANK
5%₹795 Cr5,900,000
ITC Ltd (Consumer Defensive)
Equity, Since 31 May 15 | ITC
4%₹732 Cr26,767,500
State Bank of India (Financial Services)
Equity, Since 31 Oct 11 | SBIN
4%₹727 Cr15,597,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Nov 11 | LT
4%₹701 Cr4,500,000
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Nov 16 | HDFC
4%₹651 Cr3,000,000
4.26% Govt Stock 2023
Sovereign Bonds | -
3%₹566 Cr57,500,000
TATA Sons Private Limited
Debentures | -
3%₹501 Cr5,000
Asset Allocation
SBI Equity Hybrid Fund
Growth
Fund Details
Asset ClassValue
Cash15.78%
Equity68.92%
Debt15.3%
Equity Sector Allocation
SectorValue
Financial Services22.26%
Basic Materials8.78%
Health Care7.95%
Consumer Cyclical7.28%
Industrials5.99%
Technology5.36%
Energy5.31%
Communication Services2.73%
Consumer Defensive2.73%
Utility0.53%
Debt Sector Allocation
SectorValue
Cash Equivalent12.4%
Government10.31%
Corporate8.37%
Credit Quality
RatingValue
A2.39%
AA20.94%
AAA76.67%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 28 Feb 17 | ICICIBANK
6%₹2,831 Cr40,037,500
HDFC Bank Ltd (Financial Services)
Equity, Since 31 May 11 | HDFCBANK
5%₹2,561 Cr19,000,000
Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 21 | RELIANCE
4%₹1,817 Cr7,000,000
Infosys Ltd (Technology)
Equity, Since 31 Dec 17 | INFY
3%₹1,651 Cr11,291,028
↑ 291,028
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jul 15 | KOTAKBANK
3%₹1,456 Cr8,763,544
Divi's Laboratories Ltd (Healthcare)
Equity, Since 30 Apr 16 | DIVISLAB
3%₹1,452 Cr4,000,000
MRF Ltd (Consumer Cyclical)
Equity, Since 31 May 18 | 500290
3%₹1,385 Cr195,669
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 17 | BHARTIARTL
3%₹1,338 Cr19,528,428
State Bank of India (Financial Services)
Equity, Since 28 Feb 14 | SBIN
3%₹1,258 Cr27,000,000
6.54% Govt Stock 2032
Sovereign Bonds | -
2%₹1,137 Cr121,066,250
↓ -74,621,900

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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