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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 July 6, 2020 , 1590 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
₹36.2 ↓ -0.22   (-0.60 %)
₹24,834 on 30 Apr 20
30 Dec 06
Hybrid
Dynamic Allocation
18
Moderately High
2.08
-0.3
0
0
Not Available
0-18 Months (1%),18 Months and above(NIL)
HDFC Hybrid Equity Fund
Growth
Fund Details
₹50.429 ↓ -0.11   (-0.22 %)
₹16,333 on 30 Apr 20
6 Apr 05
Hybrid
Hybrid Equity
57
Moderately High
2.05
-0.56
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
3.4%
17.2%
-4.5%
1.2%
5.1%
7%
10%
HDFC Hybrid Equity Fund
Growth
Fund Details
5%
18.4%
-8.1%
-7%
1.1%
6.1%
14.4%

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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 Performance2019
2018
2017
2016
2015
ICICI Prudential Balanced Advantage Fund
Growth
Fund Details
10.8%
2.4%
19%
7.3%
6.7%
HDFC Hybrid Equity Fund
Growth
Fund Details
7.5%
-2.8%
27.5%
9.7%
3%

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 - 2.96 Yr.
HDFC Hybrid Equity Fund
Growth
Fund Details
₹500
₹5,000
Chirag Setalvad - 13.26 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
30 Jun 15₹10,000
30 Jun 16₹10,731
30 Jun 17₹12,123
30 Jun 18₹13,038
30 Jun 19₹14,117
30 Jun 20₹13,800
Growth of 10,000 investment over the years.
HDFC Hybrid Equity Fund
Growth
Fund Details
DateValue
30 Jun 15₹10,000
30 Jun 16₹10,597
30 Jun 17₹12,879
30 Jun 18₹13,484
30 Jun 19₹14,697
30 Jun 20₹13,056

Detailed Assets & Holdings Comparison

Asset Allocation
ICICI Prudential Balanced Advantage Fund
Growth
Fund Details
Asset ClassValue
Cash3.13%
Equity70.71%
Debt26.16%
Equity Sector Allocation
SectorValue
Financial Services17.62%
Consumer Cyclical9.97%
Consumer Defensive6.93%
Energy6.74%
Technology6.33%
Communication Services4.4%
Health Care4.19%
Basic Materials3.92%
Utility3.34%
Industrials2.84%
Real Estate0.42%
Debt Sector Allocation
SectorValue
Corporate23.72%
Cash Equivalent3.13%
Government2.44%
Credit Quality
RatingValue
A5.76%
AA81.47%
AAA12.77%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 08 | RELIANCE
5%₹1,255 Cr8,568,061
↓ -277,555
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 12 | HDFCBANK
5%₹1,166 Cr12,255,940
↓ -63,901
ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 12 | ICICIBANK
3%₹858 Cr25,842,201
↑ 944,782
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 15 | BHARTIARTL
3%₹798 Cr14,437,686
↑ 1,139,892
Infosys Ltd (Technology)
Equity, Since 31 Dec 08 | INFY
3%₹706 Cr10,216,534
↑ 729,901
Axis Bank Limited
Debentures | -
3%₹683 Cr6,900
↑ 600
NTPC Ltd (Utilities)
Equity, Since 31 Aug 14 | 532555
3%₹660 Cr67,411,523
↑ 3,277,921
Nifty 50 Index
- | -
3%₹635 Cr668,625
↑ 668,625
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Jun 15 | KOTAKBANK
2%₹599 Cr4,890,626
↑ 773,439
Motherson Sumi Systems Ltd (Consumer Cyclical)
Equity, Since 31 Jul 11 | MOTHERSUMI
2%₹545 Cr57,217,759
↓ -8,965,498
Asset Allocation
HDFC Hybrid Equity Fund
Growth
Fund Details
Asset ClassValue
Cash2.29%
Equity69.2%
Debt28.51%
Other0%
Equity Sector Allocation
SectorValue
Financial Services25.12%
Basic Materials8.38%
Industrials8.36%
Technology7.79%
Energy5.59%
Health Care4.12%
Consumer Defensive3.44%
Communication Services2.54%
Consumer Cyclical2.18%
Utility1.58%
Debt Sector Allocation
SectorValue
Corporate16.25%
Government12.27%
Cash Equivalent2.29%
Credit Quality
RatingValue
A5.67%
AA26.8%
AAA67.53%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Aug 13 | HDFCBANK
9%₹1,432 Cr15,050,000
Infosys Ltd (Technology)
Equity, Since 31 Jan 03 | INFY
6%₹978 Cr14,146,892
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 10 | ICICIBANK
6%₹920 Cr27,712,700
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Nov 16 | HDFC
5%₹815 Cr4,911,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 18 | RELIANCE
4%₹577 Cr3,941,010
Aurobindo Pharma Ltd (Healthcare)
Equity, Since 30 Sep 12 | AUROPHARMA
3%₹549 Cr7,361,000
ITC Ltd (Consumer Defensive)
Equity, Since 31 May 15 | ITC
3%₹528 Cr26,767,500
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Nov 11 | LT
3%₹525 Cr5,632,000
Tata Sons Limited
Debentures | -
3%₹494 Cr5,000
Aarti Industries Ltd (Basic Materials)
Equity, Since 30 Sep 12 | 524208
3%₹421 Cr4,311,922
↓ -99,000

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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