Fincash » SBI Equity Hybrid Fund Vs ICICI Prudential Balanced Advantage Fund
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SBI Equity Hybrid Fund and ICICI Prudential Balanced Advantage Fund both the schemes form part of equity-oriented balanced funds. Balanced Funds, in simple terms, are the schemes that enjoy the benefits of equity and debt instruments. Balanced funds invest their corpus in both equity and fixed Income instruments in a pre-determined proportion that can change over time. Balanced Funds are a good option for investors seeking Capital appreciation over a long-term tenure along with regular income. Equity-oriented balanced funds invest a minimum of 65% or more of their fund money in equity and equity-related instruments of various companies. Though ICICI Prudential Balanced Advantage Fund and SBI Equity Hybrid Fund belong to the same category, nevertheless; there are numerous differences between them. So, let’s understand the differences between these schemes through this article.
ICICI Prudential Balanced Advantage Fund is a part of ICICI Prudential Mutual Fund and was incepted on December 30, 2006. ICICI Prudential Balanced Advantage Fund strives for growth along with safety. It tries to achieve this goal by Investing its corpus in a combination of equity and Fixed Income investments. CRISIL Hybrid 35+65- Aggressive Index is used by the scheme to build its basket of assets. Eicher Motors Limited, Maruti Suzuki India Limited, Ambuja Cements Limited, and Godrej Properties Limited are some of the constituents of ICICI Prudential Balanced Advantage Fund’s Portfolio as on March 31, 2018. The scheme is jointly managed by Mr. Sankaren Naren, Mr. Rajat Chandak, and others. The risk-appetite of ICICI Prudential Balanced Advantage Fund is moderately high.
SBI Equity Hybrid Fund (earlier known as SBI Magnum Balanced Fund) is jointly looked after by Mr. R. Srinivasan and Mr. Dinesh Ahuja and is managed and offered by SBI Mutual Fund. This scheme was launched in the month of December 1995. The objective ofSBI Equity Hybrid Fund is to strive for capital growth in long-term by investing in Equity Funds. Along with capital growth, liquidity by investing in a combination of Debt fund. SBI Equity Hybrid Fund is suitable for individuals seeking advantages from the potential growth of equities without having complete exposure. The scheme uses CRISIL Balanced Fund – Aggressive Index as its yardstick to construct its portfolio. Based on the Asset Allocation of the scheme, it invests a minimum of 50% of its accumulated fund money in equity and equity-related instruments. Also, it would not invest more than 40% of its corpus in fixed income and money market instruments.
Though both the schemes belong to the scheme category, nevertheless; they differ on account of numerous parameters, such as AUM, performance, and so on. So, let us analyse the differences between these schemes by comparing the parameters that are divided into four sections, namely, basics section, performance section, yearly performance section, and other details section.
Current NAV, Fincash Rating, scheme category, and others are some of the comparable elements forming part of this first section. To begin with the current NAV, it can be stated that both the schemes differ drastically. The NAV of SBI Equity Hybrid Fund was around INR 127 and of ICICI Prudential Balanced Advantage Fund was nearly INR 33 as of April 26, 2018. The comparison of Fincash Rating states that * ICICI Prudential Balanced Advantage Fund is rated as a 3-Star Scheme while SBI Equity Hybrid Fund is rated as a 4-Star Scheme*. With respect to the scheme category, it can be said that form schemes are part of Hybrid Balanced – Equity category. The comparison summary of the basics section is tabulated 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 SBI Equity Hybrid Fund
Growth
Fund Details ₹220.536 ↑ 0.17 (0.08 %) ₹59,810 on 31 Jul 23 19 Jan 05 ☆☆☆☆ Hybrid Hybrid Equity 10 Moderately High 1.5 0.54 0 -1.56 Not Available 0-12 Months (1%),12 Months and above(NIL) ICICI Prudential Balanced Advantage Fund
Growth
Fund Details ₹56.67 ↑ 0.05 (0.09 %) ₹48,721 on 31 Jul 23 30 Dec 06 ☆☆☆ Hybrid Dynamic Allocation 18 Moderately High 1.59 1.22 0 0 Not Available 0-18 Months (1%),18 Months and above(NIL)
The Compounded Annual Growth Rate or CAGR returns at different time intervals are compared in the performance section. The comparison of performance section reveals that there is a significant difference between both the returns generated by both the schemes. In many of these instances, the returns generated by SBI Equity Hybrid Fund is higher as compared to the returns of ICICI Prudential Balanced Advantage Fund. The table given below summarizes the comparison of performance section.
Parameters Performance 1 Month 3 Month 6 Month 1 Year 3 Year 5 Year Since launch SBI Equity Hybrid Fund
Growth
Fund Details -0.5% 5.8% 10.3% 8.6% 15.8% 11% 14.7% ICICI Prudential Balanced Advantage Fund
Growth
Fund Details 0.7% 4.8% 7.7% 10.7% 14% 10.6% 11%
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This section compares the absolute returns earned by both the schemes for a particular year. The comparison of yearly performance also states that in many years, SBI Equity Hybrid Fund leads the race. The table given below summarizes the comparison of yearly performance section.
Parameters Yearly Performance 2022 2021 2020 2019 2018 SBI Equity Hybrid Fund
Growth
Fund Details 2.3% 23.6% 12.9% 13.5% -0.1% ICICI Prudential Balanced Advantage Fund
Growth
Fund Details 7.9% 15.1% 11.7% 10.8% 2.4%
Being the last section of comparison it includes parameters like AUM, minimum SIP investment, Minimum lumpsum investment, and so on. The minimum SIP investment for both the schemes is different. For SBI Mutual Fund’s scheme, the SIP amount is INR 500 and in case of ICICI Prudential Balanced Advantage Fund, the SIP amount is INR 1,000. Additionally, the lumpsum investment, the amount is also different. The lumpsum amount for SBI Equity Hybrid Fund is INR 1,000 and for ICICI Prudential Balanced Advantage Fund is INR 5,000. The AUM of both the schemes is also different though the difference isn’t much. As on March 31, 2018, the AUM of SBI’s scheme is around INR 21,802 Crores and of ICICI’s scheme is nearly INR 26,050 crores. The summary of other details section as shown in the table given below.
Parameters Other Details Min SIP Investment Min Investment Fund Manager SBI Equity Hybrid Fund
Growth
Fund Details ₹500 ₹1,000 R. Srinivasan - 11.67 Yr. ICICI Prudential Balanced Advantage Fund
Growth
Fund Details ₹100 ₹5,000 Sankaran Naren - 6.14 Yr.
SBI Equity Hybrid Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 30 Sep 18 ₹10,000 30 Sep 19 ₹11,242 30 Sep 20 ₹11,146 30 Sep 21 ₹16,368 30 Sep 22 ₹16,402 30 Sep 23 ₹18,115 ICICI Prudential Balanced Advantage Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 30 Sep 18 ₹10,000 30 Sep 19 ₹10,913 30 Sep 20 ₹11,314 30 Sep 21 ₹14,518 30 Sep 22 ₹15,389 30 Sep 23 ₹17,274
SBI Equity Hybrid Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 4.93% Equity 77.63% Debt 17.44% Equity Sector Allocation
Sector Value Financial Services 28.33% Consumer Cyclical 9.45% Industrials 8.11% Basic Materials 8.09% Health Care 6.14% Communication Services 5.08% Technology 4.08% Consumer Defensive 3.96% Energy 3.2% Utility 1.19% Real Estate 0% Debt Sector Allocation
Sector Value Government 10.72% Corporate 6.9% Cash Equivalent 4.75% Credit Quality
Rating Value AA 22.09% AAA 77.91% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 May 11 | HDFCBANK8% ₹4,557 Cr 28,999,900
↑ 1,000,000 ICICI Bank Ltd (Financial Services)
Equity, Since 28 Feb 17 | ICICIBANK6% ₹3,643 Cr 38,000,000
↑ 3,000,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 17 | BHARTIARTL5% ₹3,040 Cr 35,500,000 State Bank of India (Financial Services)
Equity, Since 28 Feb 14 | SBIN4% ₹2,638 Cr 47,000,000 Infosys Ltd (Technology)
Equity, Since 31 Dec 17 | INFY4% ₹2,440 Cr 17,000,000 Divi's Laboratories Ltd (Healthcare)
Equity, Since 30 Apr 16 | DIVISLAB4% ₹2,287 Cr 6,366,138
↑ 221,410 MRF Ltd Shs Dematerialised (Consumer Cyclical)
Equity, Since 31 May 18 | 5002904% ₹2,282 Cr 210,000 Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Sep 16 | 5000344% ₹2,149 Cr 3,000,000 Shree Cement Ltd (Basic Materials)
Equity, Since 30 Sep 18 | 5003873% ₹1,880 Cr 790,000
↑ 56,627 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 21 | RELIANCE3% ₹1,685 Cr 7,000,000 ICICI Prudential Balanced Advantage Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 33.94% Equity 45.71% Debt 20.35% Equity Sector Allocation
Sector Value Financial Services 19.01% Consumer Cyclical 11.62% Consumer Defensive 7.6% Technology 7.42% Energy 4.53% Industrials 4.09% Basic Materials 3.71% Communication Services 3.19% Health Care 2.92% Utility 2.29% Real Estate 0.62% Debt Sector Allocation
Sector Value Cash Equivalent 32.52% Government 14.38% Corporate 5.11% Securitized 2.28% Credit Quality
Rating Value A 3.48% AA 10.57% AAA 85.95% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 12 | HDFCBANK5% ₹2,547 Cr 16,205,571 8.51% Govt Stock 2033
Sovereign Bonds | -5% ₹2,483 Cr 244,689,000
↓ -5,136,350 ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 12 | ICICIBANK5% ₹2,339 Cr 24,399,605 Infosys Ltd (Technology)
Equity, Since 31 Dec 08 | INFY4% ₹1,892 Cr 13,181,111
↑ 388,800 Nifty 50 Index
- | -3% -₹1,660 Cr 855,100
↓ -535,000 TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 30 Sep 16 | 5323433% ₹1,589 Cr 11,188,240
↑ 699,570 7.93% Govt Stock 2034
Sovereign Bonds | -3% ₹1,514 Cr 151,976,540
↓ -29,000,000 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 30 Apr 16 | MARUTI3% ₹1,481 Cr 1,480,538
↓ -51,664 7.26% Govt Stock 2033
Sovereign Bonds | -3% ₹1,466 Cr 145,642,570
↑ 20,000,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 08 | RELIANCE3% ₹1,372 Cr 5,702,113
Thus, based on the above-mentioned pointers, it can be said that both the schemes differ on account of numerous parameters. As a consequence, individuals should be careful before choosing any of the schemes for investment. They should do a thorough analysis of the scheme and check whether it matches their investment objective or not. This will help the individuals to attain their objectives on time.
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