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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 June 1, 2023 , 6896 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
₹54.54 ↑ 0.13   (0.24 %)
₹45,584 on 30 Apr 23
30 Dec 06
Hybrid
Dynamic Allocation
18
Moderately High
1.67
0.39
0
0
Not Available
0-18 Months (1%),18 Months and above(NIL)
HDFC Hybrid Equity Fund
Growth
Fund Details
₹89.787 ↑ 0.28   (0.32 %)
₹19,439 on 30 Apr 23
6 Apr 05
Hybrid
Hybrid Equity
57
Moderately High
1.77
0.46
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
1.5%
4.1%
2.7%
10.3%
16.6%
10.2%
10.9%
HDFC Hybrid Equity Fund
Growth
Fund Details
2.1%
6.8%
3.2%
16.3%
24%
11.9%
15.4%

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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 Performance2022
2021
2020
2019
2018
ICICI Prudential Balanced Advantage Fund
Growth
Fund Details
7.9%
15.1%
11.7%
10.8%
2.4%
HDFC Hybrid Equity Fund
Growth
Fund Details
8.9%
25.7%
13.4%
7.5%
-2.8%

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 - 5.8 Yr.
HDFC Hybrid Equity Fund
Growth
Fund Details
₹300
₹5,000
Chirag Setalvad - 16.09 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 May 18₹10,000
31 May 19₹10,734
31 May 20₹9,944
31 May 21₹13,627
31 May 22₹14,691
31 May 23₹16,185
Growth of 10,000 investment over the years.
HDFC Hybrid Equity Fund
Growth
Fund Details
DateValue
31 May 18₹10,000
31 May 19₹10,674
31 May 20₹8,867
31 May 21₹13,963
31 May 22₹14,895
31 May 23₹17,341

Detailed Assets & Holdings Comparison

Asset Allocation
ICICI Prudential Balanced Advantage Fund
Growth
Fund Details
Asset ClassValue
Cash34.49%
Equity43.28%
Debt22.23%
Equity Sector Allocation
SectorValue
Financial Services21.42%
Consumer Cyclical9.91%
Energy7.76%
Technology6.59%
Consumer Defensive6.04%
Industrials3.89%
Basic Materials3.57%
Communication Services3.29%
Health Care2.99%
Utility1.89%
Real Estate0.11%
Debt Sector Allocation
SectorValue
Cash Equivalent32.44%
Government15.24%
Corporate6.48%
Securitized2.57%
Credit Quality
RatingValue
A2.42%
AA13.62%
AAA83.97%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 08 | RELIANCE
6%₹2,708 Cr11,186,089
↓ -42,431
8.51% Govt Stock 2033
Sovereign Bonds | -
6%₹2,571 Cr257,450,350
ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 12 | ICICIBANK
5%₹2,207 Cr24,049,605
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 12 | HDFCBANK
4%₹1,793 Cr10,626,077
↓ -781,000
7.93% Govt Stock 2034
Sovereign Bonds | -
4%₹1,770 Cr180,976,540
Infosys Ltd (Technology)
Equity, Since 31 Dec 08 | INFY
4%₹1,702 Cr13,587,911
↑ 400,000
Nifty 50 Index
- | -
3%-₹1,502 Cr829,200
↑ 829,200
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Aug 16 | HDFC
3%₹1,167 Cr4,203,875
↓ -300,000
TVS Motor Co Ltd Shs Dematerialised (Consumer Cyclical)
Equity, Since 30 Sep 16 | TVSMOTOR
3%₹1,166 Cr10,246,187
↑ 400,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 15 | BHARTIARTL
3%₹1,153 Cr14,421,239
Asset Allocation
HDFC Hybrid Equity Fund
Growth
Fund Details
Asset ClassValue
Cash0.77%
Equity68.77%
Debt30.47%
Equity Sector Allocation
SectorValue
Financial Services26.34%
Industrials11.26%
Technology6.91%
Energy6.19%
Consumer Defensive5.12%
Health Care2.6%
Communication Services2.59%
Utility2.56%
Basic Materials2.42%
Consumer Cyclical2.04%
Real Estate0.36%
Debt Sector Allocation
SectorValue
Government24.8%
Corporate5.67%
Cash Equivalent0.77%
Credit Quality
RatingValue
AA4.94%
AAA95.06%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
7.1% Govt Stock 2029
Sovereign Bonds | -
8%₹1,503 Cr150,000,000
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 10 | ICICIBANK
7%₹1,340 Cr14,600,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Aug 13 | HDFCBANK
5%₹996 Cr5,900,000
ITC Ltd Shs Dematerialised (Consumer Defensive)
Equity, Since 31 May 15 | ITC
5%₹971 Cr22,814,004
Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 18 | RELIANCE
5%₹890 Cr3,675,000
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Nov 16 | HDFC
4%₹833 Cr3,000,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Nov 11 | LT
4%₹732 Cr3,096,440
State Bank of India (Financial Services)
Equity, Since 31 Oct 11 | SBIN
4%₹723 Cr12,508,071
Infosys Ltd (Technology)
Equity, Since 31 Jan 03 | INFY
4%₹692 Cr5,523,368
Axis Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | 532215
3%₹624 Cr7,250,000

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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