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Fincash » SBI Equity Hybrid Fund Vs ICICI Prudential Balanced Advantage Fund

SBI Equity Hybrid Fund Vs ICICI Prudential Balanced Advantage Fund

Updated on January 20, 2020 , 543 views

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

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 (Erstwhile SBI Magnum Balanced Fund)

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.

ICICI Prudential Balanced Advantage Fund Vs SBI Equity Hybrid Fund

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.

Basics 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
BasicsNAV
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
₹147.899 ↑ 1.12   (0.76 %)
₹31,620 on 31 Dec 19
19 Jan 05
Hybrid
Hybrid Equity
10
Moderately High
2.28
1.05
0.38
1.63
Not Available
0-12 Months (1%),12 Months and above(NIL)
ICICI Prudential Balanced Advantage Fund
Growth
Fund Details
₹38.38 ↓ -0.08   (-0.21 %)
₹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)

Performance Section

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
Performance1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Since launch
SBI Equity Hybrid Fund
Growth
Fund Details
1.6%
5%
9.2%
16.5%
12.8%
9.3%
15.4%
ICICI Prudential Balanced Advantage Fund
Growth
Fund Details
0.8%
4%
8%
12.5%
10.2%
8.8%
10.8%

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Yearly Performance Section

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 Performance2019
2018
2017
2016
2015
SBI Equity Hybrid Fund
Growth
Fund Details
13.5%
-0.1%
27.7%
3.7%
7.4%
ICICI Prudential Balanced Advantage Fund
Growth
Fund Details
10.8%
2.4%
19%
7.3%
6.7%

Other Details Section

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 DetailsMin SIP Investment
Min Investment
Fund Manager
SBI Equity Hybrid Fund
Growth
Fund Details
₹500
₹1,000
R. Srinivasan - 7.33 Yr.
ICICI Prudential Balanced Advantage Fund
Growth
Fund Details
₹100
₹5,000
Sankaran Naren - 2.38 Yr.

Growth of 10k Investments over the years

Growth of 10,000 investment over the years.
SBI Equity Hybrid Fund
Growth
Fund Details
DateValue
31 Dec 14₹10,000
31 Dec 15₹10,736
31 Dec 16₹11,132
31 Dec 17₹14,212
31 Dec 18₹14,203
31 Dec 19₹16,119
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

Detailed Assets & Holdings Comparison

Asset Allocation
SBI Equity Hybrid Fund
Growth
Fund Details
Asset ClassValue
Cash1.91%
Equity74.9%
Debt23.19%
Equity Sector Allocation
SectorValue
Financial Services32.69%
Consumer Cyclical6.61%
Industrials6.45%
Communication Services5.58%
Basic Materials5.21%
Energy4.77%
Technology4.63%
Health Care3.96%
Consumer Defensive2.8%
Utility2.2%
Debt Sector Allocation
SectorValue
Corporate14.27%
Government8.93%
Cash Equivalent1.91%
Credit Quality
RatingValue
A10.26%
AA28.93%
AAA60.81%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 May 11 | HDFCBANK
7%₹2,295 Cr18,000,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 17 | BHARTIARTL
5%₹1,454 Cr32,855,223
State Bank of India (Financial Services)
Equity, Since 28 Feb 14 | SBIN
4%₹1,367 Cr40,000,000
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jul 15 | KOTAKBANK
4%₹1,276 Cr7,900,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | 532215
4%₹1,185 Cr16,038,183
Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Sep 16 | 500034
3%₹1,019 Cr2,500,000
Divi's Laboratories Ltd (Healthcare)
Equity, Since 30 Apr 16 | DIVISLAB
3%₹981 Cr5,494,031
↑ 473,490
Infosys Ltd (Technology)
Equity, Since 31 Dec 17 | INFY
3%₹926 Cr13,300,000
Bharat Petroleum Corp Ltd (Energy)
Equity, Since 30 Jun 18 | 500547
3%₹786 Cr15,358,612
ICICI Lombard General Insurance Co Ltd (Financial Services)
Equity, Since 30 Sep 19 | 540716
2%₹726 Cr5,328,700
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

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.

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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