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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 September 15, 2020 , 362 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
₹38.36 ↑ 0.03   (0.08 %)
₹26,139 on 31 Jul 20
30 Dec 06
Hybrid
Dynamic Allocation
18
Moderately High
2.08
0.09
0
0
Not Available
0-18 Months (1%),18 Months and above(NIL)
L&T Hybrid Equity Fund
Growth
Fund Details
₹26.972 ↓ -0.06   (-0.22 %)
₹5,912 on 31 Jul 20
7 Feb 11
Hybrid
Hybrid Equity
5
Moderately High
2.14
-0.01
-1.66
-4.63
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
0.6%
10.3%
26.1%
9.2%
5.9%
8.2%
10.3%
L&T Hybrid Equity Fund
Growth
Fund Details
1.4%
11.9%
26.9%
7.6%
1.6%
6.9%
10.9%

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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 - 3.14 Yr.
L&T Hybrid Equity Fund
Growth
Fund Details
₹500
₹5,000
Shriram Ramanathan - 4.26 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
31 Aug 15₹10,000
31 Aug 16₹11,155
31 Aug 17₹12,344
31 Aug 18₹13,309
31 Aug 19₹13,658
31 Aug 20₹14,735
Growth of 10,000 investment over the years.
L&T Hybrid Equity Fund
Growth
Fund Details
DateValue
31 Aug 15₹10,000
31 Aug 16₹11,024
31 Aug 17₹12,965
31 Aug 18₹13,869
31 Aug 19₹12,973
31 Aug 20₹13,537

Detailed Assets & Holdings Comparison

Asset Allocation
ICICI Prudential Balanced Advantage Fund
Growth
Fund Details
Asset ClassValue
Cash15.42%
Equity58.23%
Debt26.35%
Equity Sector Allocation
SectorValue
Financial Services18.22%
Consumer Cyclical8.57%
Energy7.49%
Consumer Defensive6.76%
Technology6.5%
Communication Services4.42%
Health Care3.53%
Utility3.08%
Basic Materials3.03%
Industrials2.16%
Real Estate0.47%
Debt Sector Allocation
SectorValue
Corporate18.98%
Cash Equivalent15.42%
Government7.37%
Credit Quality
RatingValue
A6.12%
AA61.79%
AAA32.09%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 08 | RELIANCE
6%₹1,624 Cr7,806,128
↓ -400,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 12 | ICICIBANK
4%₹1,173 Cr29,734,027
↑ 707,884
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 12 | HDFCBANK
4%₹1,157 Cr10,373,114
↓ -1,300,000
5.77% GOI 2030
Sovereign Bonds | -
4%₹965 Cr99,000,000
↑ 99,000,000
Nifty 50 Index
- | -
4%-₹959 Cr840,975
↑ 93,750
Infosys Ltd (Technology)
Equity, Since 31 Dec 08 | INFY
3%₹882 Cr9,493,152
↓ -100,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 15 | BHARTIARTL
3%₹766 Cr14,937,686
↑ 500,000
Axis Bank Limited
Debentures | -
3%₹701 Cr6,900
NTPC Ltd (Utilities)
Equity, Since 31 Aug 14 | 532555
2%₹651 Cr67,567,854
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Jun 15 | KOTAKBANK
2%₹649 Cr4,634,314
↓ -150,000
Asset Allocation
L&T Hybrid Equity Fund
Growth
Fund Details
Asset ClassValue
Cash4.72%
Equity74.23%
Debt21.05%
Equity Sector Allocation
SectorValue
Financial Services22.16%
Health Care10.53%
Technology9.48%
Basic Materials7.29%
Consumer Defensive7.03%
Consumer Cyclical5.88%
Energy5.64%
Communication Services2.76%
Industrials2.57%
Utility0.51%
Debt Sector Allocation
SectorValue
Government17.92%
Corporate5.36%
Cash Equivalent2.48%
Credit Quality
RatingValue
AA12.96%
AAA87.04%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 11 | HDFCBANK
7%₹380 Cr3,403,900
Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 18 | RELIANCE
6%₹329 Cr1,581,700
↓ -100,000
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 11 | ICICIBANK
5%₹284 Cr7,204,300
↑ 452,800
Infosys Ltd (Technology)
Equity, Since 31 Jan 19 | INFY
5%₹271 Cr2,918,800
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | KOTAKBANK
4%₹227 Cr1,618,300
↓ -327,700
Divi's Laboratories Ltd (Healthcare)
Equity, Since 31 Mar 20 | DIVISLAB
3%₹170 Cr544,700
Ipca Laboratories Ltd (Healthcare)
Equity, Since 31 Mar 20 | 524494
3%₹161 Cr855,068
↓ -41,865
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 17 | BHARTIARTL
3%₹161 Cr3,142,000
↓ -1,385,300
Tata Consultancy Services Ltd (Technology)
Equity, Since 28 Feb 11 | TCS
3%₹157 Cr696,800
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 May 17 | HDFC
2%₹142 Cr776,100
↑ 82,100

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.
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