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Fincash » ICICI Pru Bal Adv. Fund Vs HDFC Hybrid Equity Fund

ICICI Prudential Balanced Advantage Fund Vs HDFC Hybrid Equity Fund

Updated on November 14, 2019 , 759 views

ICICI Prudential Balanced Advantage Fund and HDFC Hybrid Equity Fund both belong to the same category of Balanced Fund. Balanced Funds invest their corpus in both equity and fixed income instruments in a pre-determined proportion that can change over time. This scheme is good for individuals seeking Capital Gain over long-term along with regular income. Balanced Funds invest a minimum of 65% or more of its accumulated money in equity and equity-related instruments and the remaining in fixed income instruments. It is a good investment option for medium and long-term tenure. Though ICICI Prudential Balanced Advantage Fund and HDFC Hybrid Equity Fund both belong to balanced fund category, yet; there exist differences between them. So, let us understand the differences between both the scheme based on various parameters.

ICICI Prudential Balanced Advantage Fund

ICICI Prudential Balanced Advantage Fund is a part of ICICI Prudential Mutual Fund. This open-ended balanced fund scheme was launched on December 30, 2006. ICICI Prudential Balanced Advantage Fund strives to attain growth along with safety by Investing in both equity as well as debt instruments. ICICI Prudential Balanced Advantage Fund is jointly managed by Mr. Sankaren Naren, Mr. Rajat Chandak, Mr. Ihab Dalwai, and Mr. Manish Banthia. Out of them, Mr. Manish Banthia looks after the fixed income investments, while the others take care of the equity investments. 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.

HDFC Balanced Fund (Erstwhile HDFC Hybrid Equity Fund)

HDFC Hybrid Equity Fund is an open-ended balanced fund scheme offered by HDFC Mutual Fund. HDFC Premier Multi-Cap Fund and HDFC Balanced Fund merged to form HDFC Hybrid Equity Fund. The scheme was incepted in the year 2000. The objective of HDFC Hybrid Equity Fund is to attain capital appreciation along with regular income. This objective is achieved by investing in a portfolio of equity and fixed income instruments in a predetermined proportion. HDFC Hybrid Equity Fund is managed by Mr. Chirag Setalvad and Mr. Rakesh Vyas. As on March 31, 2018, some of the top components of HDFC Balanced Fund included HDFC Bank Limited, Larsen & Toubro Limited, Axis Bank Limited, Voltas Limited, and Aurobindo Pharma Limited. HDFC Hybrid Equity Fund uses CRISIL Balanced Fund index as its primary benchmark and NIFTY 50 as its additional benchmark to construct its portfolio.

ICICI Prudential Balanced Advantage Fund Vs HDFC Hybrid Equity Fund

Though ICICI Prudential Balanced Advantage Fund and HDFC Hybrid Equity Fund both belong to the same category yet, there exists a difference between them. So, let us understand the differences between both the schemes using different elements that are divided into four sections, namely, basics section, performance section, yearly performance section, and other details section.

Basics Section

It is the first section in the comparison of the schemes whose elements include current NAV, scheme category, and Fincash Rating. To begin with the Fincash Rating, it can be said that, ICICI Prudential Balanced Advantage Fund is rated as 3-Star and HDFC Hybrid Equity Fund is rated as 5-Star. The comparison of current NAV reveals that is a significant difference between the NAV of both the schemes. As on April 20, 2018, the NAV of ICICI Prudential Mutual Fund’s scheme was approximately INR 33 while of HDFC Hybrid Equity Fund was approximately INR 149. With respect to the scheme category, it can be said that both the schemes belong to the same category, that is, Hybrid Balanced-Equity. The table given below shows the summary comparison of the basics section.

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
₹37.52 ↑ 0.03   (0.08 %)
₹27,956 on 30 Sep 19
30 Dec 06
Hybrid
Dynamic Allocation
18
Moderately High
2.36
0.84
0
0
Not Available
0-18 Months (1%),18 Months and above(NIL)
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)

Performance Section

Being the second section in the comparison of both the schemes, it compares the Compounded Annual Growth Rate or CAGR returns for both the schemes. These returns are compared at different time intervals such as 6 Month Return, 1 Year Return, 5 Year Return, and Return since Inception. The comparison of the performance section reveals that in most of the situations, the performance of HDFC Hybrid Equity Fund is better as compared to ICICI Prudential Balanced Advantage Fund. 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
3%
6.8%
7.4%
11.9%
10.3%
9%
10.8%
HDFC Hybrid Equity Fund
Growth
Fund Details
1.5%
1.7%
-1.4%
-5.1%
12.7%
13%
12.5%

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Yearly Performance Section

Yearly performance section compares the absolute returns generated by both the schemes for a particular year. It is the third section in comparison of the schemes. The comparison of yearly performance reveals that for certain years, the performance of HDFC Hybrid Equity Fund is better as compared to ICICI Prudential Balanced Advantage Fund. However, for certain years, the performance is vice versa. The table given below shows the summary comparison of the yearly performance section.

Parameters
Yearly Performance2018
2017
2016
2015
2014
ICICI Prudential Balanced Advantage Fund
Growth
Fund Details
2.4%
19%
7.3%
6.7%
29%
HDFC Hybrid Equity Fund
Growth
Fund Details
0%
0%
0%
0%
0%

Other Details Section

It is the last section in the comparison of both the schemes. The comparable elements forming part of the other details section include AUM, Minimum SIP and lumpsum investment, and exit load. The comparison of AUM shows that there is a difference between the AUM of both the schemes. As on March 31, 2018, the AUM of ICICI Prudential Balanced Advantage Fund is approximately INR 26,050 Crores while of HDFC Balanced Fund is approximately INR 20,401 Crores. The minimum SIP investment is also different for both the schemes. For HDFC Mutual Fund’s scheme, the SIP amount is INR 500 while for ICICI Prudential Mutual Fund’s scheme, it is INR 1,000. However, the minimum lumpsum investment in case of both the schemes is same, that is, INR 5,000. Even the exit load for both the scheme shows a difference. In case of HDFC’s scheme, the exit load is 1% if the redemption is done within one year and of ICICI’s scheme, the exit load is 1% if the redemption is done within 18 months from the date of investment. The table given below shows the comparison summary 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 - 1.63 Yr.
HDFC Hybrid Equity Fund
Growth
Fund Details
₹500
₹5,000

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 Oct 14₹10,000
31 Oct 15₹10,839
31 Oct 16₹12,013
31 Oct 17₹13,605
31 Oct 18₹13,687
31 Oct 19₹15,490
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

Detailed Assets & Holdings Comparison

Asset Allocation
ICICI Prudential Balanced Advantage Fund
Growth
Fund Details
Asset ClassValue
Cash18.49%
Equity57.53%
Debt23.75%
Other0.23%
Equity Sector Allocation
SectorValue
Financial Services21.97%
Consumer Cyclical9.62%
Technology8.11%
Consumer Defensive7.15%
Energy5.01%
Basic Materials4.74%
Industrials4.39%
Health Care3.19%
Utility2.16%
Communication Services1.51%
Real Estate0.45%
Debt Sector Allocation
SectorValue
Corporate18.85%
Cash Equivalent18.49%
Government4.91%
Credit Quality
RatingValue
A3.62%
AA55.74%
AAA40.64%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Net Current Assets
Net Current Assets | -
11%₹3,140 Cr
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 12 | HDFCBANK
4%₹1,115 Cr9,080,391
↓ -254,337
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Aug 16 | HDFC
4%₹1,031 Cr5,214,116
Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 08 | RELIANCE
3%₹911 Cr6,839,602
↓ -88,597
Infosys Ltd (Technology)
Equity, Since 31 Dec 08 | INFY
3%₹780 Cr9,679,585
↓ -1,944,000
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Jun 15 | KOTAKBANK
3%₹773 Cr4,703,174
ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 12 | ICICIBANK
3%₹767 Cr17,689,161
↑ 1,906,938
Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 14 | 532215
2%₹678 Cr9,894,195
Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 12 | LT
2%₹654 Cr4,435,654
ITC Ltd (Consumer Defensive)
Equity, Since 30 Jun 13 | ITC
2%₹625 Cr24,063,436
↑ 1,185,578
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

Therefore, in a nutshell, it can be said that there is a difference between both the schemes. As a consequence, individuals should be careful while choosing any of the schemes for investment. They should understand its modalities completely and check whether it matches their investment criteria or not. This will help the individuals to invest 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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