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Fincash » ICICI Pru Bal Adv Fund Vs HDFC Balanced Advantage Fund

ICICI Prudential Balanced Advantage Fund Vs HDFC Balanced Advantage Fund

Updated on September 21, 2020 , 2465 views

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

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 (Erstwhile HDFC Prudence Fund)

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 Advantage Fund Vs HDFC Balanced Advantage Fund

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.

Basics Section

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
BasicsNAV
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
₹37.42 ↓ -0.07   (-0.19 %)
₹26,638 on 31 Aug 20
30 Dec 06
Hybrid
Dynamic Allocation
18
Moderately High
2.08
0.23
0
0
Not Available
0-18 Months (1%),18 Months and above(NIL)
HDFC Balanced Advantage Fund
Growth
Fund Details
₹173.61 ↓ -1.06   (-0.61 %)
₹37,192 on 31 Aug 20
11 Sep 00
Hybrid
Dynamic Allocation
23
Moderately High
2.15
-0.14
0
0
Not Available
0-1 Years (1%),1 Years and above(NIL)

Performance Section

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
Performance1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Since launch
ICICI Prudential Balanced Advantage Fund
Growth
Fund Details
-2.1%
4.6%
33.1%
1.8%
5.4%
7.9%
10.1%
HDFC Balanced Advantage Fund
Growth
Fund Details
-7.5%
-1.2%
27.3%
-11.6%
-1.1%
4.9%
16.9%

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Yearly Performance Section

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 Performance2019
2018
2017
2016
2015
ICICI Prudential Balanced Advantage Fund
Growth
Fund Details
10.8%
2.4%
19%
7.3%
6.7%
HDFC Balanced Advantage Fund
Growth
Fund Details
6.9%
-3.1%
27.9%
9.4%
0.3%

Other Details Section

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 DetailsMin SIP Investment
Min Investment
Fund Manager
ICICI Prudential Balanced Advantage Fund
Growth
Fund Details
₹100
₹5,000
Sankaran Naren - 3.14 Yr.
HDFC Balanced Advantage Fund
Growth
Fund Details
₹500
₹5,000
Prashant Jain - 17.21 Yr.

Growth of 10k Investments over the years

Growth of 10,000 investment over the years.
ICICI Prudential Balanced Advantage Fund
Growth
Fund Details
DateValue
31 Aug 15₹10,000
31 Aug 16₹11,155
31 Aug 17₹12,344
31 Aug 18₹13,309
31 Aug 19₹13,658
31 Aug 20₹14,735
Growth of 10,000 investment over the years.
HDFC Balanced Advantage Fund
Growth
Fund Details
DateValue
31 Aug 15₹10,000
31 Aug 16₹11,286
31 Aug 17₹13,180
31 Aug 18₹14,232
31 Aug 19₹13,758
31 Aug 20₹13,485

Detailed Assets & Holdings Comparison

Asset Allocation
ICICI Prudential Balanced Advantage Fund
Growth
Fund Details
Asset ClassValue
Cash15.42%
Equity58.23%
Debt26.35%
Equity Sector Allocation
SectorValue
Financial Services18.22%
Consumer Cyclical8.57%
Energy7.49%
Consumer Defensive6.76%
Technology6.5%
Communication Services4.42%
Health Care3.53%
Utility3.08%
Basic Materials3.03%
Industrials2.16%
Real Estate0.47%
Debt Sector Allocation
SectorValue
Corporate18.98%
Cash Equivalent15.42%
Government7.37%
Credit Quality
RatingValue
A6.12%
AA61.79%
AAA32.09%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 08 | RELIANCE
6%₹1,624 Cr7,806,128
↓ -400,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 12 | ICICIBANK
4%₹1,173 Cr29,734,027
↑ 707,884
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 12 | HDFCBANK
4%₹1,157 Cr10,373,114
↓ -1,300,000
5.77% GOI 2030
Sovereign Bonds | -
4%₹965 Cr99,000,000
↑ 99,000,000
Nifty 50 Index
- | -
4%-₹959 Cr840,975
↑ 93,750
Infosys Ltd (Technology)
Equity, Since 31 Dec 08 | INFY
3%₹882 Cr9,493,152
↓ -100,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 15 | BHARTIARTL
3%₹766 Cr14,937,686
↑ 500,000
Axis Bank Limited
Debentures | -
3%₹701 Cr6,900
NTPC Ltd (Utilities)
Equity, Since 31 Aug 14 | 532555
2%₹651 Cr67,567,854
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Jun 15 | KOTAKBANK
2%₹649 Cr4,634,314
↓ -150,000
Asset Allocation
HDFC Balanced Advantage Fund
Growth
Fund Details
Asset ClassValue
Cash4.08%
Equity83.04%
Debt12.88%
Equity Sector Allocation
SectorValue
Financial Services27.06%
Utility13%
Industrials11%
Energy7.9%
Basic Materials6.89%
Technology5.98%
Consumer Defensive4.63%
Health Care4.01%
Consumer Cyclical1.47%
Communication Services1.1%
Debt Sector Allocation
SectorValue
Government7.21%
Corporate5.68%
Cash Equivalent4.08%
Credit Quality
RatingValue
A18.81%
AA67.88%
AAA13.32%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
State Bank of India (Financial Services)
Equity, Since 31 May 07 | SBIN
8%₹3,058 Cr144,261,476
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
8%₹2,865 Cr72,607,834
↓ -5,964,400
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Jun 12 | LT
6%₹2,225 Cr23,549,708
↓ -630,000
Infosys Ltd (Technology)
Equity, Since 31 Oct 09 | INFY
6%₹2,176 Cr23,435,692
Power Grid Corp Of India Ltd (Utilities)
Equity, Since 30 Nov 15 | 532898
5%₹1,885 Cr105,346,000
NTPC Ltd (Utilities)
Equity, Since 31 Aug 16 | 532555
5%₹1,776 Cr184,231,360
↑ 555,000
ITC Ltd (Consumer Defensive)
Equity, Since 30 Apr 18 | ITC
5%₹1,719 Cr89,964,949
↓ -4,000,000
Coal India Ltd (Energy)
Equity, Since 31 Jan 18 | COALINDIA
4%₹1,562 Cr116,287,984
↑ 2,565,000
Power Finance Corp Ltd (Financial Services)
Equity, Since 30 Apr 17 | 532810
3%₹1,139 Cr121,107,902
Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 17 | 532215
2%₹919 Cr18,502,735
↑ 2,380,285

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.

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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