fincash logo SOLUTIONS
EXPLORE FUNDS
CALCULATORS
LOG IN
SIGN UP

Fincash » L&T Hybrid Equity Fund Vs ICICI Prudential Balanced Advantage Fund

L&T Hybrid Equity Fund Vs ICICI Prudential Balanced Advantage Fund

Updated on January 24, 2020 , 281 views

There are a number of differences L&T Hybrid Equity Fund and ICICI Prudential Balanced Advantage Fund, though they are a part of the same category. These schemes are a part of equity-oriented balanced funds. In simple terms, balanced funds or hybrid funds enjoy the benefits of both equity and fixed income instruments. These schemes invest their accumulated fund money in both equity as well as debt instruments in a pre-determined proportion that may change over time. Balanced funds are suitable for individuals seeking long-term capital appreciation along with fixed income over time. Balanced funds can be considered as a good investment option for medium to long-term tenure. So, let us understand the differences between L&T Hybrid Equity Fund and ICICI Prudential Balanced Advantage Fund through this article.

L&T Hybrid Equity Fund (Erstwhile L&T India Prudence Fund)

L&T Hybrid Equity Fund (earlier known as L&T India Prudence Fund) is managed and offered by L&T Mutual Fund. This scheme is suitable for individuals seeking for capital appreciation in the long-term along with generation of reasonable returns earned from a portfolio consisting of both equity as well as fixed income instruments. The scheme uses S&P BSE 200 TRI Index and CRISIL Short Term bond Fund index as its base to build its portfolio. Based on the Asset Allocation objective of the scheme, it invests around 65-75% of its pooled investment money in equity and equity-related instruments while the remaining in fixed income instruments. Some of the highlights of L&T Hybrid Equity Fund are maintaining a balance between growth and stability and 360-degree approach. L&T Hybrid Equity Fund is jointly managed by Mr. S. N. Lahiri, Mr. Karan Desai and Mr. Shriram Ramanathan. This scheme was launched on February 07, 2011.

ICICI Prudential Balanced Advantage Fund

ICICI Prudential Balanced Advantage Fund is an open-ended Balanced Fund scheme managed by ICICI Prudential Mutual Fund. This scheme was incepted in the year 2006. ICICI Prudential Balanced Advantage Fund uses CRISIL Hybrid 35+65- Aggressive Index to construct its portfolio. This scheme is jointly managed by Mr. Sankaren Naren, Mr. Rajat Chandak, Mr. Ihab Dalwai, and Mr. Manish Banthia where the first three individuals manage the equity investments while the last one looks after the fixed income investment of the scheme. Eicher Motors Limited, Maruti Suzuki India Limited, Ambuja Cements Limited, and Godrej Properties Limited are some of the top constituents of this ICICI Prudential Mutual Fund’s scheme as of March 31, 2018. ICICI Prudential Balanced Advantage Fund aims to attain growth coupled with safety by Investing in a combination of equity and fixed income investments.

L&T Hybrid Equity Fund Vs ICICI Prudential Balanced Advantage Fund

L&T Hybrid Equity Fund and ICICI Prudential Balanced Advantage Fund differ on account of numerous parameters such as current NAV, AUM, performance, and so on. So, let us analyze each of these parameters that are divided into four sections listed below as follows.

Basics Section

Current NAV, Fincash Rating, and scheme category are some of the comparable elements that form part of the basics section. The comparison of NAV shows that ICICI Prudential Balanced Advantage Fund has performed better as compared to L&T Hybrid Equity Fund. The NAV of ICICI Prudential Balanced Advantage Fund was around INR 33 while of L&T Hybrid Equity Fund was approximately INR 47 as of April 26, 2018. Discussing the scheme category, it can be said that both the schemes belong to the Hybrid Balanced – Equity category. The comparison of Fincash Rating also reveals a difference. L&T Hybrid Equity Fund is a 4-star rated scheme and ICICI Prudential Balanced Advantage Fund is a 3-Star rated scheme. The basics section is summarized 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
₹38.56 ↑ 0.18   (0.47 %)
₹28,528 on 31 Dec 19
30 Dec 06
Hybrid
Dynamic Allocation
18
Moderately High
2.08
1.13
0
0
Not Available
0-18 Months (1%),18 Months and above(NIL)
L&T Hybrid Equity Fund
Growth
Fund Details
₹27.802 ↑ 0.17   (0.63 %)
₹7,628 on 31 Dec 19
7 Feb 11
Hybrid
Hybrid Equity
5
Moderately High
2.14
0.36
-0.96
-5.4
Not Available
0-1 Years (1%),1 Years and above(NIL)

Performance Section

The comparison of Compounded Annual Growth Rate or CAGR returns is done in the performance section. This comparison is done at different intervals such as 6 Month Return, 5 Year Return, and Return since Inception. With respect to performance section, it can be stated that L&T Hybrid Equity Fund has done better in many instances. The comparison summary of the performance section is 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
1.4%
4.4%
8.7%
13%
10.2%
8.9%
10.9%
L&T Hybrid Equity Fund
Growth
Fund Details
2.3%
5.1%
8.8%
11.8%
8.7%
7.8%
12.1%

Ready to Invest?
Talk to our investment specialist
Disclaimer:
By submitting this form I authorize Fincash.com to call/SMS/email me about its products and I accept the terms of Privacy Policy and Terms & Conditions.

Yearly Performance Section

The comparison of absolute returns generated by both the section is done in this yearly performance section. The comparison of yearly performance section shows that for certain years, L&T Hybrid Equity Fund leads the race while in other ICICI Prudential Balanced Advantage Fund leads the race. The table given below shows the 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%
L&T Hybrid Equity Fund
Growth
Fund Details
6.5%
-3.8%
27.8%
4.3%
9.9%

Other Details Section

Being the last section, it compares details such as AUM, minimum SIP investment and minimum lumpsum investment. The minimum lumpsum investment for both the schemes is same, that is, INR 5,000. However, there is a difference in the minimum SIP amount of both the schemes. In case of L&T Mutual Fund’s scheme, the SIP amount is INR 500, while for ICICI Prudential Mutual Fund’s scheme, it is INR 1,000. Also, the comparison of AUM reveals a significant difference for both the schemes. the AUM of ICICI Prudential Balanced Advantage Fund is approximately INR 26,050 Crores and of L&T Hybrid Equity Fund is around INR 9,820 Crores as on March 31, 2018. The table given below summarizes the comparison of the 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 - 2.38 Yr.
L&T Hybrid Equity Fund
Growth
Fund Details
₹500
₹5,000
Shriram Ramanathan - 3.5 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 Dec 14₹10,000
31 Dec 15₹10,670
31 Dec 16₹11,454
31 Dec 17₹13,631
31 Dec 18₹13,964
31 Dec 19₹15,471
Growth of 10,000 investment over the years.
L&T Hybrid Equity Fund
Growth
Fund Details
DateValue
31 Dec 14₹10,000
31 Dec 15₹10,993
31 Dec 16₹11,470
31 Dec 17₹14,658
31 Dec 18₹14,097
31 Dec 19₹15,013

Detailed Assets & Holdings Comparison

Asset Allocation
ICICI Prudential Balanced Advantage Fund
Growth
Fund Details
Asset ClassValue
Cash28.32%
Equity47.37%
Debt23.76%
Other0.55%
Equity Sector Allocation
SectorValue
Financial Services22.98%
Consumer Cyclical7.8%
Technology7.02%
Consumer Defensive6.83%
Energy4.6%
Basic Materials3.9%
Industrials3.5%
Health Care3.48%
Communication Services3.15%
Utility1.97%
Real Estate0.45%
Debt Sector Allocation
SectorValue
Cash Equivalent27.97%
Corporate19.41%
Government4.7%
Credit Quality
RatingValue
A4.45%
AA52.92%
AAA42.63%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Net Current Assets
Net Current Assets | -
21%₹6,061 Cr
Future on Nifty 50 Index
- | -
6%-₹1,759 Cr1,453,650
↑ 650,025
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 12 | HDFCBANK
4%₹1,186 Cr9,301,415
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Aug 16 | HDFC
4%₹1,078 Cr4,692,463
↓ -412,014
ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 12 | ICICIBANK
4%₹999 Cr19,490,177
Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 08 | RELIANCE
3%₹864 Cr5,569,500
↓ -1,046,725
Treps
CBLO/Reverse Repo | -
3%₹842 Cr
Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 14 | 532215
2%₹698 Cr9,446,420
↓ -447,775
Infosys Ltd (Technology)
Equity, Since 31 Dec 08 | INFY
2%₹664 Cr9,529,600
↑ 170,334
ITC Ltd (Consumer Defensive)
Equity, Since 30 Jun 13 | ITC
2%₹646 Cr26,232,177
Asset Allocation
L&T Hybrid Equity Fund
Growth
Fund Details
Asset ClassValue
Cash5.41%
Equity74.01%
Debt19.22%
Other1.37%
Equity Sector Allocation
SectorValue
Financial Services31.6%
Technology10.52%
Industrials7.16%
Consumer Defensive6.09%
Consumer Cyclical4.96%
Energy3.87%
Basic Materials3.19%
Communication Services2.98%
Health Care2.73%
Utility0.9%
Debt Sector Allocation
SectorValue
Government12.8%
Corporate9.77%
Cash Equivalent2.06%
Credit Quality
RatingValue
AA10.38%
AAA89.62%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 11 | ICICIBANK
8%₹638 Cr12,454,800
HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 11 | HDFCBANK
7%₹567 Cr4,447,300
↓ -313,500
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | KOTAKBANK
5%₹373 Cr2,306,300
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Oct 11 | LT
4%₹322 Cr2,419,800
↓ -205,500
Tata Consultancy Services Ltd (Technology)
Equity, Since 28 Feb 11 | TCS
4%₹321 Cr1,563,600
↓ -95,300
Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 18 | RELIANCE
4%₹305 Cr1,968,800
↓ -84,600
Axis Bank Ltd (Financial Services)
Equity, Since 31 Jul 17 | 532215
4%₹289 Cr3,915,300
HCL Technologies Ltd (Technology)
Equity, Since 30 Sep 17 | HCLTECH
3%₹270 Cr2,393,022
↓ -50,000
GOVT STOCK
Sovereign Bonds | -
3%₹239 Cr23,000,000
↑ 10,000,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 17 | BHARTIARTL
3%₹236 Cr5,324,284
↓ -1,195,210

Thus, based on the above-mentioned pointers, it can be said that both the schemes differ on account of numerous parameters. As a result, individuals should be careful before choosing any of the schemes. They should understand the modalities of the scheme completely. In addition, they should also check whether it suits their investment requirements or not. If required, individuals can also consult for an opinion from a financial advisor. This will help them to achieve 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.
How helpful was this page ?
Rated 5, based on 1 reviews.
POST A COMMENT