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Fincash » ICICI Prudential Equity and Debt Fund Vs ICICI Prudential Balanced Advantage Fund

ICICI Prudential Equity and Debt Fund Vs ICICI Prudential Balanced Advantage Fund

Updated on April 10, 2024 , 5822 views

ICICI Prudential Equity and Debt fund and ICICI Prudential Balanced Advantage Fund both are part of hybrid funds-equity category. ICICI Prudential Mutual Fund is the fund house managing the schemes of both the fund house. Balanced Fund is the Mutual Fund scheme whose corpus is invested in a combination of both equity and fixed Income instruments. The percentage of both equity and Fixed Income investments is pre-determined. It is suitable for individuals aiming for Capital growth in the long-term along with earning regular income. Though both ICICI Prudential Balanced Fund and ICICI Prudential Balanced Advantage Fund belong to the same category yet; there exists a difference between them. So, let us understand the differences between both the schemes through this article.

ICICI Prudential Equity and Debt Fund (Erstwhile ICICI Prudential Balanced Fund)

ICICI Prudential Equity and Debt Fund is an open-ended balanced Mutual Fund scheme. It was launched in November 1999. The objective of this scheme is to aim for capital appreciation in the long-term along with providing current income from a diversified Portfolio consisting of equity and fixed income securities. One of the features of this scheme is to reduce the fluctuation in returns and reduce risk through diversification. As on March 31, 2018, some of the constituents of ICICI Prudential Equity and Debt Fund’s portfolio are Maruti Suzuki India Limited, ICICI Bank Limited, State Bank of India, Ambuja Cements Limited, and ITC Limited. ICICI Prudential Equity and Debt Fund is managed jointly by Mr. Sankaran Naren, Mr. Atul Patel, and Mr. Manish Banthia. Out of these, Mr. Manish Banthia manages the fixed income part, while remaining both of them manage the equity investment part.

Overview of ICICI Prudential Balanced Advantage Fund

ICICI Prudential Balanced Advantage Fund is also managed by ICICI Prudential Mutual Fund. This open-ended scheme was launched on December 30, 2006. ICICI Prudential Balanced Advantage Fund uses CRISIL Hybrid 35+65 – Aggressive Index as its benchmark to construct its portfolio. The scheme aims for growth along with safety by Investing in both equity and fixed income instruments. As on March 31, 2016, the portfolio of ICICI Prudential Balanced Advantage Fund consisted of numerous stocks like Eicher Motors Limited, Apollo Tyres Limited, HDFC Bank Limited, Godrej Properties Limited, Kotak Mahindra Bank Limited, and Ambuja Cements Limited. The fund managers managing ICICI Prudential Balanced Advantage Fund are Mr. Sankaran Naren, Mr. Rajat Chandak, Mr. Ihab Dalwai, and Mr. Manish Banthia.

ICICI Prudential Equity and Debt Fund Vs ICICI Prudential Balanced Advantage Fund

Though both the schemes belong to the same fund house, however, there exist numerous differences between them. So, let have a look at the differences between both the schemes with respect to various parameters such as Fincash Ratings, Current NAV, performance, minimum SIP investment, and so on, that are divided into four sections, namely, Basics Section, Performance section, Yearly Performance section, and Other Details section.

Basics Section

This is the first section in the comparison of both the schemes. The parameters that form part of this section include Scheme category, Fincash Ratings, and current NAV. To begin with the Fincash Ratings, it can be said that ICICI Prudential Equity and Debt Fund is a 4-Star Fund while; ICICI Prudential Balanced Advantage Fund is a 3-Star Fund. With respect to the scheme category, it can be said that both the schemes belong to the same category, Hybrid Balanced – Equity. The comparison of NAV reveals that there is a considerable difference between the NAV of both the schemes. As on April 5, 2018, the NAV of ICICI Prudential Balanced Fund was approximately INR 126 and of ICICI Prudential Balanced Advantage Fund was approximately INR 33. The table given below summarizes the comparison of 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 Equity and Debt Fund
Growth
Fund Details
₹339.83 ↓ -3.18   (-0.93 %)
₹32,429 on 29 Feb 24
3 Nov 99
Hybrid
Hybrid Equity
7
Moderately High
1.78
3.33
2.05
9.77
Not Available
0-1 Years (1%),1 Years and above(NIL)
ICICI Prudential Balanced Advantage Fund
Growth
Fund Details
₹64.64 ↓ -0.48   (-0.74 %)
₹55,229 on 29 Feb 24
30 Dec 06
Hybrid
Dynamic Allocation
18
Moderately High
1.59
3.09
0
0
Not Available
0-18 Months (1%),18 Months and above(NIL)

Performance Section

Performance section is the second section in the comparison of both schemes. This section compares the performance of both the schemes at different time periods. These time periods include 1 Month Return, 6 Month Return, 1 Year Return, and Return Since Inception. Though there is not much significance between the performance of both the schemes, yet; in many instances, ICICI Prudential Balanced Fund leads the race. The performance section is summarized with the help of table given below.

Parameters
Performance1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Since launch
ICICI Prudential Equity and Debt Fund
Growth
Fund Details
1.8%
7.9%
20.1%
39.7%
27.1%
20.3%
15.5%
ICICI Prudential Balanced Advantage Fund
Growth
Fund Details
1.1%
4.1%
11.4%
21.7%
14%
12.8%
11.4%

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Yearly Performance Section

This section compares the performance of both the schemes for a particular year. Even in this section, the performance of ICICI Prudential Balanced Fund leads the rate at many of the instances. The yearly performance section is tabulated as follows.

Parameters
Yearly Performance2023
2022
2021
2020
2019
ICICI Prudential Equity and Debt Fund
Growth
Fund Details
28.2%
11.7%
41.7%
9%
9.3%
ICICI Prudential Balanced Advantage Fund
Growth
Fund Details
16.5%
7.9%
15.1%
11.7%
10.8%

Other Details Section

It is the last section in comparison of both the schemes. The elements forming part of this section are Minimum SIP and Lumpsum investment, AUM, and exit load. The minimum SIP investment in both the schemes is same, that is, INR 1,000. Similarly, the lumpsum investment for both the schemes is INR 5,000. With respect to AUM, there is a difference between both the schemes. As on February 28, 2018, the AUM of ICICI Prudential Balanced Advantage Fund is INR 25,663 crores and of ICICI Prudential Balanced Fund is INR 27,801 crores. Even the exit load is different in case of both schemes. For ICICI Prudential Equity and Debt Fund, the exit load is 1% if the Redemption is within 1 year, and nil if the redemption is after a year. For ICICI Prudential Balanced Advantage fund, the exit load is 1% if redemption is done within 18 months from the date of purchase and Nil after 18 months. The comparison of other details section is tabulated as follows.

Parameters
Other DetailsMin SIP Investment
Min Investment
Fund Manager
ICICI Prudential Equity and Debt Fund
Growth
Fund Details
₹100
₹5,000
Sankaran Naren - 8.32 Yr.
ICICI Prudential Balanced Advantage Fund
Growth
Fund Details
₹100
₹5,000
Sankaran Naren - 6.72 Yr.

Growth of 10k Investments over the years

Growth of 10,000 investment over the years.
ICICI Prudential Equity and Debt Fund
Growth
Fund Details
DateValue
31 Mar 19₹10,000
31 Mar 20₹7,882
31 Mar 21₹12,623
31 Mar 22₹16,807
31 Mar 23₹17,757
31 Mar 24₹25,057
Growth of 10,000 investment over the years.
ICICI Prudential Balanced Advantage Fund
Growth
Fund Details
DateValue
31 Mar 19₹10,000
31 Mar 20₹8,650
31 Mar 21₹12,518
31 Mar 22₹14,021
31 Mar 23₹14,861
31 Mar 24₹18,237

Detailed Assets & Holdings Comparison

Asset Allocation
ICICI Prudential Equity and Debt Fund
Growth
Fund Details
Asset ClassValue
Cash7.93%
Equity73.81%
Debt18.26%
Equity Sector Allocation
SectorValue
Financial Services18.86%
Consumer Cyclical12.86%
Energy8.04%
Utility7.56%
Communication Services5.65%
Health Care5.23%
Industrials4.34%
Technology4.2%
Basic Materials2.97%
Consumer Defensive2.26%
Real Estate1.72%
Debt Sector Allocation
SectorValue
Government11.6%
Cash Equivalent7.53%
Corporate7.06%
Credit Quality
RatingValue
A3.72%
AA26.54%
AAA67.99%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
NTPC Ltd (Utilities)
Equity, Since 28 Feb 17 | 532555
7%₹2,362 Cr70,386,803
↓ -6,546,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jul 12 | ICICIBANK
7%₹2,314 Cr21,991,832
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 16 | BHARTIARTL
5%₹1,640 Cr14,595,380
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Jul 21 | MARUTI
4%₹1,445 Cr1,280,135
Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 22 | RELIANCE
4%₹1,303 Cr4,459,343
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 21 | HDFCBANK
4%₹1,279 Cr9,116,385
↑ 1,794,215
Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 May 16 | SUNPHARMA
4%₹1,236 Cr7,835,635
↓ -137,861
7.18% Govt Stock 2033
Sovereign Bonds | -
4%₹1,215 Cr120,666,240
8.25% Govt Stock 2033
Sovereign Bonds | -
3%₹1,065 Cr105,279,550
↑ 20,000,000
Oil & Natural Gas Corp Ltd (Energy)
Equity, Since 30 Apr 17 | 500312
3%₹1,051 Cr39,721,201
↓ -3,927,000
Asset Allocation
ICICI Prudential Balanced Advantage Fund
Growth
Fund Details
Asset ClassValue
Cash33.21%
Equity43.83%
Debt22.96%
Equity Sector Allocation
SectorValue
Financial Services17.38%
Consumer Cyclical13.07%
Consumer Defensive7.1%
Technology6.89%
Industrials4.89%
Basic Materials4.64%
Health Care3.9%
Energy3.57%
Utility2.18%
Communication Services2.1%
Real Estate0.36%
Debt Sector Allocation
SectorValue
Cash Equivalent32.23%
Government14.13%
Corporate7.06%
Securitized2.75%
Credit Quality
RatingValue
A3.22%
AA19.54%
AAA75.52%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Nifty 50 Index
- | -
6%-₹3,039 Cr1,371,150
↓ -776,150
8.25% Govt Stock 2033
Sovereign Bonds | -
5%₹2,628 Cr259,689,000
↑ 20,000,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 12 | ICICIBANK
5%₹2,590 Cr24,615,005
↓ -2,256,100
TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 30 Sep 16 | 532343
5%₹2,513 Cr11,748,525
↑ 200,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 12 | HDFCBANK
4%₹2,001 Cr14,256,793
↓ -299,200
Infosys Ltd (Technology)
Equity, Since 31 Dec 08 | INFY
4%₹1,975 Cr11,796,331
↑ 600,000
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 30 Apr 16 | MARUTI
3%₹1,907 Cr1,688,980
↓ -260,000
7.18% Govt Stock 2033
Sovereign Bonds | -
3%₹1,668 Cr165,699,810
8.1% Govt Stock 2034
Sovereign Bonds | -
3%₹1,507 Cr151,976,540
Embassy Office Parks Reit
Unlisted bonds | -
3%₹1,469 Cr39,307,913

Thus, from the above factors, it can be said that there exists a difference between both the schemes on various parameters. However, individuals should be careful while choosing the scheme. They should understand the modalities of the scheme completely before identifying it. If required, they can even consult a financial advisor. This will help them to attain their objectives on time.

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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S K Srivastava, posted on 12 Oct 21 4:55 PM

Very good comparison

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