Fincash » ICICI Pru Bal Adv Fund Vs HDFC Balanced Advantage Fund
Table of Contents
ICICI Prudential Balanced Advantage Fund and HDFC Balanced Advantage Fund both the schemes are open-ended balanced funds with more exposure in equity investments. Though these schemes belong to the same category of balanced funds yet they differ on account of various parameters. On a general note, balanced funds refer to the schemes whose corpus is invested in both equity as well as fixed Income instruments in a predetermined proportion. However, these schemes have a minimum of 65% of their corpus invested in equity instruments. Individuals seeking regular income along with Capital growth in the long-term can choose to invest in balanced funds. So, let us understand the differences between ICICI Prudential Balanced Advantage Fund and HDFC Balanced Advantage Fund.
ICICI Prudential Balanced Advantage Fund is an open-ended Balanced Fund scheme that was launched in the year 2006. This scheme is a part of ICICI Prudential Mutual Fund. ICICI Prudential Balanced Advantage Fund is jointly managed by Mr. Sankaren Naren, Mr. Rajat Chandak, Mr. Ihab Dalwai, and Mr. Manish Banthia. Here, the first three individuals manage the equity investments while the last one looks after the Fixed Income investment. As on March 31, 2018, some of the top holdings of ICICI Prudential Balanced Advantage Fund included Eicher Motors Limited, Maruti Suzuki India Limited, Ambuja Cements Limited, and Godrej Properties Limited. The scheme aims to attain growth coupled with safety by Investing in a combination of equity and fixed income investments. ICICI Prudential Balanced Advantage Fund uses CRISIL Hybrid 35+65- Aggressive Index to construct its Portfolio.
HDFC Balanced Advantage Fund was launched on February 01, 1994. HDFC Prudence Fund and HDFC Growth Fund merged to form HDFC Balanced Advantage Fund. This scheme is an open-ended balanced fund that is managed by HDFC Mutual Fund. The scheme aims to attain periodic returns along with growth in a long-time tenure. HDFC Balanced Advantage Fund tries to attain its objective by investing in a portfolio consisting of equity and fixed income instruments. HDFC Balanced Advantage Fund uses CRISIL Balanced Fund Index as its primary benchmark and Nifty 50 as its additional benchmark to construct its portfolio. HDFC Balanced Advantage Fund is jointly managed by Mr. Rakesh Vyas and Mr. Prashant Jain. As on March 31, 2018, some of the top holdings of HDFC Balanced Advantage Fund’s portfolio included NTPC Limited, Larsen & Toubro Limited, State Bank of India, ICICI Bank Limited, and Tata Consultancy Services.
ICICI Prudential Balanced Fund and HDFC Balanced Advantage Fund differ from each other based on various parameters that are divided into four sections, namely, basics section, performance section, yearly performance section, and other details section. So, let’s compare and analyze the differences between both the schemes.
Current NAV, scheme category, and Fincash Rating are some of the comparable elements that form part of basics section. It is the first section in the comparison of both the schemes. 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 Rating, it can be said that both *ICICI Prudential Balanced Advantage Fund and HDFC Balanced Advantage Fund are rated as 3-Star. The current NAV comparison shows that there is a difference between the NAV of both the schemes. As on April 20, 2018, the NAV of ICICI Mutual Fund’s scheme was approximately INR 33 and of HDFC Mutual Fund’s scheme was approximately INR 497. The summary comparison of the basics section is as shown in the table given below.
Parameters Basics NAV Net Assets (Cr) Launch Date Rating Category Sub Cat. Category Rank Risk Expense Ratio Sharpe Ratio Information Ratio Alpha Ratio Benchmark Exit Load ICICI Prudential Balanced Advantage Fund
Growth
Fund Details ₹69.42 ↑ 0.19 (0.27 %) ₹60,545 on 31 Oct 24 30 Dec 06 ☆☆☆ Hybrid Dynamic Allocation 18 Moderately High 1.59 2.08 0 0 Not Available 0-18 Months (1%),18 Months and above(NIL) HDFC Balanced Advantage Fund
Growth
Fund Details ₹502.736 ↑ 2.85 (0.57 %) ₹94,866 on 31 Oct 24 11 Sep 00 ☆☆☆☆ Hybrid Dynamic Allocation 23 Moderately High 1.43 2.5 0 0 Not Available 0-1 Years (1%),1 Years and above(NIL)
Compounded Annual Growth Rate or CAGR returns at different time intervals is compared in the performance section. It is the second section in the comparison of both the schemes. The different time intervals at which the performance is compared include 1 Month Return, 3 Month Return, 3 Year Return, and 5 Year Return. The comparison of performance section shows that for certain time intervals, the performance of HDFC Balanced Advantage Fund is better while at other time intervals, the performance of ICICI Prudential Balanced Advantage Fund is better. The summary comparison of the performance section is tabulated as follows.
Parameters Performance 1 Month 3 Month 6 Month 1 Year 3 Year 5 Year Since launch ICICI Prudential Balanced Advantage Fund
Growth
Fund Details -0.3% -1.2% 5.9% 16.9% 12.6% 12.9% 11.4% HDFC Balanced Advantage Fund
Growth
Fund Details 0% -1.7% 4.9% 25.8% 22.7% 20.1% 18.5%
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It is the third section in the comparison of both the schemes. In this section, the Absolute Returns between both the schemes generated for a particular year is compared. The comparison of Yearly Performance section also reveals that for certain years, ICICI Prudential Balanced Advantage Fund has done better while for others, HDFC Balanced Advantage Fund has done better. The summary comparison of the yearly performance section is as shown in the table given below.
Parameters Yearly Performance 2023 2022 2021 2020 2019 ICICI Prudential Balanced Advantage Fund
Growth
Fund Details 16.5% 7.9% 15.1% 11.7% 10.8% HDFC Balanced Advantage Fund
Growth
Fund Details 31.3% 18.8% 26.4% 7.6% 6.9%
AUM, minimum SIP and lumpsum investment are some of the comparable elements that form part of other details section. It is the last section in comparison of both the schemes. With respect to the AUM, we can say that there is a significant difference between both the schemes. As on March 31, 2018, the AUM of HDFC Balanced Advantage Fund was approximately INR 36,594 Crores while of ICICI Prudential Balanced Advantage Fund was approximately INR 26,050 Crores. Similarly, the minimum SIP investment in case of HDFC’s scheme is INR 500 while of ICICI’s scheme is INR 1,000. However, the lumpsum investment for both the schemes is constant, that is, INR 5,000. The table given below shows the summary comparison of other details section.
Parameters Other Details Min SIP Investment Min Investment Fund Manager ICICI Prudential Balanced Advantage Fund
Growth
Fund Details ₹100 ₹5,000 Sankaran Naren - 7.31 Yr. HDFC Balanced Advantage Fund
Growth
Fund Details ₹300 ₹5,000 Anil Bamboli - 2.26 Yr.
ICICI Prudential Balanced Advantage Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 31 Oct 19 ₹10,000 31 Oct 20 ₹10,251 31 Oct 21 ₹13,106 31 Oct 22 ₹14,033 31 Oct 23 ₹15,332 31 Oct 24 ₹18,556 HDFC Balanced Advantage Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 31 Oct 19 ₹10,000 31 Oct 20 ₹8,901 31 Oct 21 ₹14,022 31 Oct 22 ₹15,913 31 Oct 23 ₹18,913 31 Oct 24 ₹25,111
ICICI Prudential Balanced Advantage Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 36.11% Equity 47.11% Debt 16.41% Equity Sector Allocation
Sector Value Financial Services 17.84% Consumer Cyclical 14.33% Consumer Defensive 7% Technology 6.23% Industrials 5.75% Basic Materials 5.09% Energy 3.36% Health Care 3.08% Utility 2.51% Communication Services 1.88% Real Estate 0.37% Debt Sector Allocation
Sector Value Cash Equivalent 34.43% Corporate 9.2% Government 6.67% Securitized 2.59% Credit Quality
Rating Value A 3.89% AA 27.77% AAA 68.33% Top Securities Holdings / Portfolio
Name Holding Value Quantity Nifty 50 Index
Derivatives | -8% -₹5,016 Cr 1,930,000
↑ 1,930,000 TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 30 Sep 16 | 5323435% ₹3,063 Cr 10,787,443
↓ -50,239 ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 12 | ICICIBANK4% ₹2,645 Cr 20,775,205
↓ -1,619,800 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 30 Apr 16 | MARUTI4% ₹2,377 Cr 1,795,308
↓ -342,721 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 12 | HDFCBANK4% ₹2,320 Cr 13,394,287
↓ -282,700 Infosys Ltd (Technology)
Equity, Since 31 Dec 08 | INFY3% ₹1,954 Cr 10,419,568 ITC Ltd (Consumer Defensive)
Equity, Since 30 Jun 13 | ITC3% ₹1,677 Cr 32,372,717 Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 12 | LT2% ₹1,527 Cr 4,153,549
↓ -379,500 8% Govt Stock 2034
Sovereign Bonds | -2% ₹1,509 Cr 149,643,240 Embassy Office Parks Reit
Unlisted bonds | -2% ₹1,447 Cr 37,107,913
↓ -1,000,000 HDFC Balanced Advantage Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 19.39% Equity 50.78% Debt 29.83% Equity Sector Allocation
Sector Value Financial Services 22.26% Industrials 9.44% Energy 7.88% Utility 5.23% Technology 4.45% Health Care 4.12% Consumer Cyclical 3.85% Consumer Defensive 2.96% Communication Services 2.57% Basic Materials 1.97% Real Estate 1.33% Debt Sector Allocation
Sector Value Cash Equivalent 19.39% Government 17.27% Corporate 12.56% Credit Quality
Rating Value AA 2.33% AAA 97.67% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 22 | HDFCBANK6% ₹6,160 Cr 35,564,751 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK4% ₹3,537 Cr 27,787,724 NTPC Ltd (Utilities)
Equity, Since 31 Aug 16 | 5325553% ₹3,140 Cr 70,855,915
↓ -1,000,000 State Bank of India (Financial Services)
Equity, Since 31 May 07 | SBIN3% ₹3,109 Cr 39,455,000
↑ 722,250 Coal India Ltd (Energy)
Equity, Since 31 Jan 18 | COALINDIA3% ₹2,922 Cr 57,282,114 7.38% Govt Stock 2027
Sovereign Bonds | -3% ₹2,773 Cr 272,581,800 Infosys Ltd (Technology)
Equity, Since 31 Oct 09 | INFY3% ₹2,497 Cr 13,314,298 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Jun 12 | LT2% ₹2,379 Cr 6,473,583 07.18 Goi 2033
Sovereign Bonds | -2% ₹2,348 Cr 228,533,300 ITC Ltd (Consumer Defensive)
Equity, Since 30 Apr 18 | ITC2% ₹2,278 Cr 43,955,326
↑ 1,171,200
As a consequence, it can be concluded that there exist differences between both the schemes. Resultantly, individuals should be very cautious before investing in any of the schemes. They should check whether the scheme matches their investment objective or not. This will help the investors to attain their objectives on time in a hassle-free manner.
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