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 (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 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 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.
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 Basics NAV 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 ₹75.17 ↑ 0.13 (0.17 %) ₹65,711 on 31 Aug 25 30 Dec 06 ☆☆☆ Hybrid Dynamic Allocation 18 Moderately High 1.47 -0.15 0 0 Not Available 0-18 Months (1%),18 Months and above(NIL) UTI Long Term Equity Fund
Growth
Fund Details ₹204.214 ↑ 0.76 (0.38 %) ₹3,665 on 31 Aug 25 15 Dec 99 ☆☆ Equity ELSS 29 Moderately High 1.88 -0.82 -0.84 -3.02 Not Available NIL
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 Performance 1 Month 3 Month 6 Month 1 Year 3 Year 5 Year Since launch ICICI Prudential Balanced Advantage Fund
Growth
Fund Details 0.8% 1.4% 8.3% 6.3% 13.6% 14.5% 11.4% UTI Long Term Equity Fund
Growth
Fund Details 0.4% -2.6% 7.5% -5.4% 13.4% 18% 14.4%
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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 Performance 2024 2023 2022 2021 2020 ICICI Prudential Balanced Advantage Fund
Growth
Fund Details 12.3% 16.5% 7.9% 15.1% 11.7% UTI Long Term Equity Fund
Growth
Fund Details 13.9% 24.3% -3.5% 33.1% 20.2%
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 Details Min SIP Investment Min Investment Fund Manager ICICI Prudential Balanced Advantage Fund
Growth
Fund Details ₹100 ₹5,000 Rajat Chandak - 9.99 Yr. UTI Long Term Equity Fund
Growth
Fund Details ₹500 ₹500 Amit Premchandani - 0.21 Yr.
ICICI Prudential Balanced Advantage Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 30 Sep 20 ₹10,000 30 Sep 21 ₹12,833 30 Sep 22 ₹13,602 30 Sep 23 ₹15,268 30 Sep 24 ₹18,892 30 Sep 25 ₹19,765 UTI Long Term Equity Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 30 Sep 20 ₹10,000 30 Sep 21 ₹16,471 30 Sep 22 ₹16,113 30 Sep 23 ₹18,096 30 Sep 24 ₹24,943 30 Sep 25 ₹22,958
ICICI Prudential Balanced Advantage Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 33.44% Equity 51.75% Debt 14.75% Other 0% Equity Sector Allocation
Sector Value Financial Services 18.53% Consumer Cyclical 13.24% Technology 6.61% Industrials 6.13% Consumer Defensive 4.95% Real Estate 4.54% Basic Materials 4.44% Energy 4.02% Communication Services 3.24% Health Care 2.75% Utility 1.68% Debt Sector Allocation
Sector Value Cash Equivalent 30.4% Government 10.02% Corporate 7.82% Credit Quality
Rating Value A 1.9% AA 14.49% AAA 83.61% Top Securities Holdings / Portfolio
Name Holding Value Quantity Nifty 50 Index
Derivatives | -6% -₹3,648 Cr 1,484,925
↑ 117,975 TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 30 Sep 16 | TVSMOTOR5% ₹3,414 Cr 10,420,037 ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 12 | ICICIBANK4% ₹2,880 Cr 20,604,805 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 12 | HDFCBANK4% ₹2,671 Cr 28,064,738
↑ 500,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 08 | RELIANCE3% ₹2,262 Cr 16,669,440
↑ 895,384 Infosys Ltd (Technology)
Equity, Since 31 Dec 08 | INFY3% ₹1,891 Cr 12,868,415
↑ 562,000 Embassy Office Parks REIT (Real Estate)
-, Since 30 Apr 25 | EMBASSY3% ₹1,870 Cr 48,202,903 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 15 | BHARTIARTL3% ₹1,861 Cr 9,851,717
↑ 2,004,444 Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 12 | LT2% ₹1,525 Cr 4,234,729 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 30 Apr 16 | MARUTI2% ₹1,453 Cr 982,207
↓ -157,000 UTI Long Term Equity Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 1.02% Equity 98.98% Equity Sector Allocation
Sector Value Financial Services 32.36% Consumer Cyclical 14.57% Technology 10.21% Industrials 8.19% Communication Services 7.21% Health Care 6.66% Consumer Defensive 6.13% Energy 4.54% Utility 3.58% Basic Materials 3.21% Real Estate 2.31% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 11 | HDFCBANK9% ₹347 Cr 3,650,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 07 | ICICIBANK7% ₹252 Cr 1,800,000
↓ -100,000 Infosys Ltd (Technology)
Equity, Since 31 Jan 03 | INFY5% ₹178 Cr 1,210,185 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Mar 13 | BHARTIARTL5% ₹170 Cr 900,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Jun 25 | KOTAKBANK4% ₹137 Cr 700,000 Reliance Industries Ltd (Energy)
Equity, Since 31 May 24 | RELIANCE4% ₹134 Cr 990,000 Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 10 | AXISBANK3% ₹126 Cr 1,210,000 Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Nov 19 | BAJFINANCE3% ₹101 Cr 1,150,000 Tech Mahindra Ltd (Technology)
Equity, Since 31 Aug 13 | TECHM2% ₹89 Cr 600,000 Tata Steel Ltd (Basic Materials)
Equity, Since 29 Feb 24 | TATASTEEL2% ₹86 Cr 5,535,778
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.
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