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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 November 17, 2019 , 266 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
₹37.58 ↑ 0.06   (0.16 %)
₹28,287 on 31 Oct 19
30 Dec 06
Hybrid
Dynamic Allocation
18
Moderately High
2.08
1.41
0
0
Not Available
0-18 Months (1%),18 Months and above(NIL)
L&T Hybrid Equity Fund
Growth
Fund Details
₹26.854 ↑ 0.06   (0.21 %)
₹8,241 on 31 Oct 19
7 Feb 11
Hybrid
Hybrid Equity
5
Moderately High
2.14
0.52
0
0
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
1.9%
6.8%
6.7%
11.2%
10.4%
9%
10.8%
L&T Hybrid Equity Fund
Growth
Fund Details
2%
5.6%
5.2%
5.6%
9%
8.7%
11.9%

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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 Performance2018
2017
2016
2015
2014
ICICI Prudential Balanced Advantage Fund
Growth
Fund Details
2.4%
19%
7.3%
6.7%
29%
L&T Hybrid Equity Fund
Growth
Fund Details
-3.8%
27.8%
4.3%
9.9%
44.5%

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 - 1.63 Yr.
L&T Hybrid Equity Fund
Growth
Fund Details
₹500
₹5,000
S.N. Lahiri - 6.85 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 Oct 14₹10,000
31 Oct 15₹10,839
31 Oct 16₹12,013
31 Oct 17₹13,605
31 Oct 18₹13,687
31 Oct 19₹15,490
Growth of 10,000 investment over the years.
L&T Hybrid Equity Fund
Growth
Fund Details
DateValue
31 Oct 14₹10,000
31 Oct 15₹11,367
31 Oct 16₹12,683
31 Oct 17₹15,009
31 Oct 18₹14,361
31 Oct 19₹15,560

Detailed Assets & Holdings Comparison

Asset Allocation
ICICI Prudential Balanced Advantage Fund
Growth
Fund Details
Asset ClassValue
Cash18.49%
Equity57.53%
Debt23.75%
Other0.23%
Equity Sector Allocation
SectorValue
Financial Services21.97%
Consumer Cyclical9.62%
Technology8.11%
Consumer Defensive7.15%
Energy5.01%
Basic Materials4.74%
Industrials4.39%
Health Care3.19%
Utility2.16%
Communication Services1.51%
Real Estate0.45%
Debt Sector Allocation
SectorValue
Corporate18.85%
Cash Equivalent18.49%
Government4.91%
Credit Quality
RatingValue
A3.62%
AA55.74%
AAA40.64%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Net Current Assets
Net Current Assets | -
11%₹3,140 Cr
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 12 | HDFCBANK
4%₹1,115 Cr9,080,391
↓ -254,337
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Aug 16 | HDFC
4%₹1,031 Cr5,214,116
Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 08 | RELIANCE
3%₹911 Cr6,839,602
↓ -88,597
Infosys Ltd (Technology)
Equity, Since 31 Dec 08 | INFY
3%₹780 Cr9,679,585
↓ -1,944,000
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Jun 15 | KOTAKBANK
3%₹773 Cr4,703,174
ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 12 | ICICIBANK
3%₹767 Cr17,689,161
↑ 1,906,938
Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 14 | 532215
2%₹678 Cr9,894,195
Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 12 | LT
2%₹654 Cr4,435,654
ITC Ltd (Consumer Defensive)
Equity, Since 30 Jun 13 | ITC
2%₹625 Cr24,063,436
↑ 1,185,578
Asset Allocation
L&T Hybrid Equity Fund
Growth
Fund Details
Asset ClassValue
Cash6.47%
Equity74.11%
Debt19.35%
Other0.07%
Equity Sector Allocation
SectorValue
Financial Services29.79%
Technology11.02%
Industrials8.1%
Consumer Defensive6.19%
Consumer Cyclical5.44%
Energy3.65%
Basic Materials3.24%
Communication Services2.96%
Health Care2.38%
Utility1.34%
Debt Sector Allocation
SectorValue
Corporate11.63%
Government11.22%
Cash Equivalent2.98%
Credit Quality
RatingValue
AA11.13%
AAA88.87%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 11 | ICICIBANK
7%₹614 Cr14,154,800
HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 11 | HDFCBANK
7%₹584 Cr4,760,800
↓ -110,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Oct 11 | LT
5%₹410 Cr2,781,800
↓ -61,200
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | KOTAKBANK
5%₹379 Cr2,306,300
↑ 179,736
Tata Consultancy Services Ltd (Technology)
Equity, Since 28 Feb 11 | TCS
4%₹369 Cr1,758,900
↓ -137,700
Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 18 | RELIANCE
4%₹293 Cr2,202,000
↓ -299,500
Axis Bank Ltd (Financial Services)
Equity, Since 31 Jul 17 | 532215
3%₹268 Cr3,915,300
HCL Technologies Ltd (Technology)
Equity, Since 30 Sep 17 | HCLTECH
3%₹266 Cr2,460,000
↓ -79,444
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 17 | BHARTIARTL
3%₹254 Cr6,930,594
THE TATA POWER COMPANY LIMITED
Commercial Paper | -
2%₹198 Cr4,000
↑ 4,000

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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