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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 July 15, 2025 , 4506 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
₹302.968 ↓ -1.04   (-0.34 %)
₹75,639 on 31 May 25
19 Jan 05
Hybrid
Hybrid Equity
10
Moderately High
1.46
0.66
0.06
3.93
Not Available
0-12 Months (1%),12 Months and above(NIL)
ICICI Prudential Balanced Advantage Fund
Growth
Fund Details
₹73.77 ↓ -0.12   (-0.16 %)
₹63,787 on 31 May 25
30 Dec 06
Hybrid
Dynamic Allocation
18
Moderately High
1.59
0.61
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
1.5%
6.7%
11.8%
9.2%
16.4%
17.2%
15.1%
ICICI Prudential Balanced Advantage Fund
Growth
Fund Details
0.7%
4.5%
7.4%
7.6%
14.3%
15.1%
11.4%

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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 Performance2024
2023
2022
2021
2020
SBI Equity Hybrid Fund
Growth
Fund Details
14.2%
16.4%
2.3%
23.6%
12.9%
ICICI Prudential Balanced Advantage Fund
Growth
Fund Details
12.3%
16.5%
7.9%
15.1%
11.7%

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 - 13.42 Yr.
ICICI Prudential Balanced Advantage Fund
Growth
Fund Details
₹100
₹5,000
Sankaran Naren - 7.89 Yr.

Growth of 10k Investments over the years

Growth of 10,000 investment over the years.
SBI Equity Hybrid Fund
Growth
Fund Details
DateValue
30 Jun 20₹10,000
30 Jun 21₹13,961
30 Jun 22₹14,163
30 Jun 23₹16,344
30 Jun 24₹20,576
30 Jun 25₹23,161
Growth of 10,000 investment over the years.
ICICI Prudential Balanced Advantage Fund
Growth
Fund Details
DateValue
30 Jun 20₹10,000
30 Jun 21₹13,102
30 Jun 22₹13,861
30 Jun 23₹15,754
30 Jun 24₹19,085
30 Jun 25₹21,028

Detailed Assets & Holdings Comparison

Asset Allocation
SBI Equity Hybrid Fund
Growth
Fund Details
Asset ClassValue
Cash3.91%
Equity74.17%
Debt21.92%
Equity Sector Allocation
SectorValue
Financial Services24.58%
Industrials9.93%
Basic Materials9.35%
Consumer Cyclical7.06%
Technology5.11%
Communication Services5.04%
Health Care4.45%
Consumer Defensive4.23%
Energy2.44%
Utility1.26%
Real Estate0.73%
Debt Sector Allocation
SectorValue
Corporate11.65%
Government10.89%
Cash Equivalent3.29%
Credit Quality
RatingValue
A7.74%
AA15.4%
AAA75.15%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 May 11 | HDFCBANK
7%₹5,251 Cr27,000,000
↑ 4,000,000
6.79% Govt Stock 2034
Sovereign Bonds | -
6%₹4,429 Cr427,501,100
↑ 45,000,000
ICICI Bank Ltd (Financial Services)
Equity, Since 28 Feb 17 | ICICIBANK
4%₹3,325 Cr23,000,000
Solar Industries India Ltd (Basic Materials)
Equity, Since 31 Jul 16 | SOLARINDS
4%₹3,211 Cr1,994,133
↓ -505,867
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 17 | BHARTIARTL
4%₹3,156 Cr17,000,000
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Apr 24 | KOTAKBANK
4%₹2,905 Cr13,999,900
↑ 4,999,900
Divi's Laboratories Ltd (Healthcare)
Equity, Since 30 Apr 16 | DIVISLAB
3%₹2,579 Cr3,900,000
↓ -250,924
State Bank of India (Financial Services)
Equity, Since 28 Feb 14 | SBIN
3%₹2,437 Cr30,000,000
MRF Ltd (Consumer Cyclical)
Equity, Since 31 May 18 | MRF
3%₹2,361 Cr170,000
Infosys Ltd (Technology)
Equity, Since 31 Dec 17 | INFY
3%₹2,344 Cr15,000,000
Asset Allocation
ICICI Prudential Balanced Advantage Fund
Growth
Fund Details
Asset ClassValue
Cash39.72%
Equity46.75%
Debt13.11%
Other0.42%
Equity Sector Allocation
SectorValue
Financial Services19.58%
Consumer Cyclical13.28%
Industrials6.28%
Technology6.16%
Consumer Defensive4.81%
Basic Materials4.73%
Energy4.38%
Real Estate4.1%
Health Care2.94%
Communication Services2.83%
Utility1.59%
Debt Sector Allocation
SectorValue
Cash Equivalent34.81%
Corporate9.04%
Government8.98%
Credit Quality
RatingValue
A3.48%
AA21.67%
AAA71.18%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Nifty 50 Index
Derivatives | -
8%-₹4,960 Cr1,994,475
↓ -26,700
TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 30 Sep 16 | TVSMOTOR
5%₹3,156 Cr11,349,287
↑ 298,887
ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 12 | ICICIBANK
4%₹2,834 Cr19,604,805
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 12 | HDFCBANK
4%₹2,681 Cr13,782,369
Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 08 | RELIANCE
3%₹2,127 Cr14,970,609
↓ -302,461
Embassy Office Parks REIT (Real Estate)
-, Since 30 Apr 25 | EMBASSY
3%₹1,838 Cr48,202,903
↑ 4,606,642
Infosys Ltd (Technology)
Equity, Since 31 Dec 08 | INFY
3%₹1,760 Cr11,260,368
↓ -800,000
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 30 Apr 16 | MARUTI
3%₹1,655 Cr1,343,407
↓ -212,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 12 | LT
3%₹1,621 Cr4,412,068
↓ -69,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 15 | BHARTIARTL
2%₹1,532 Cr8,252,566
↑ 549,059

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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