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Fincash » SBI Equity Hybrid Fund Vs ICICI Prudential Equity and Debt Fund

SBI Equity Hybrid Fund Vs ICICI Prudential Equity and Debt Fund

Updated on November 17, 2019 , 622 views

SBI Equity Hybrid Fund Vs ICICI Prudential Equity and Debt fund both the schemes are a part of hybrid fund equity category. The hybrid fund, also known as balanced funds refer to the Mutual Fund schemes who invest their corpus in equity as well as fixed instruments. In case of hybrid funds, the proportion of equity and debt investments is pre-determined and may keep changing over time. If the proportion of equity investment in hybrid funds is more than 65%; then such schemes are known as balanced or hybrid funds. Contrarily, if the proportion of fixed income investments is more than 65%; then such schemes are known as Monthly Income Plan (MIPs). So, let’s look at the various comparative elements of comparison between SBI Equity Hybrid Fund Vs ICICI Prudential Equity and Debt Fund.

Overview of SBI Equity Hybrid Fund (Erstwhile SBI Magnum Balanced Fund)

SBI Mutual Fund launched SBI Equity Hybrid Fund ( the fund was earlier known as SBI Magnum Balanced Funds) on December 31, 1995. It is an open-ended scheme whose objective is to attain long-term capital growth along with liquidity by Investing in a mix of equity and debt instruments. The scheme uses CRISIL Balanced Fund – Aggressive Index to construct its portfolio.

As on January 31, 2018, some of the top 10 constituents that form part of SBI Equity Hybrid Fund include HDFC Bank Limited, ICICI Bank Limited, State Bank of India, and Tata Consultancy Services Limited.

This scheme is suitable for investors who are willing to enjoy the growth potentials in equity markets without being completely exposed to it.

About ICICI Prudential Equity and Debt Fund (Erstwhile ICICI Prudential Balanced Fund)

ICICI Prudential Equity and Debt Fund is a part of ICICI Prudential Equity and Debt Fund (the fund was earlier known as ICICI Prudential Balanced Fund) and was incepted on November 03, 1999. This scheme is a balanced fund whose objective is to generate long-term capital appreciation along with current income such by investing in a mix of equity and fixed income instruments.

Some of the Top 10 Holdings of ICICI Prudential Equity and Debt Fund’s portfolio as on January 31, 2018, include Maruti Suzuki India Limited, The Federal Bank Limited, Apollo Tyres Limited, and Larsen & Toubro Limited.

SBI Equity Hybrid Fund Vs ICICI Prudential Equity and Debt Fund

Though both SBI Equity Hybrid Fund Vs ICICI Prudential Equity and Debt Fund belong to the same category, however; they are different with respect to AUM, performance, current NAV, and other factors. These various elements are segregated into four categories, namely, Basics Section, Performance Section, Yearly Performance Section, and Other Details Section. So, let us understand each of the categories and the elements covered under it.

Basics Section

The elements that form part of basics section are Current NAV, AUM, Scheme Category, expense ratio and Fincash Rating. To begin with the Scheme Category, it can be said that the both SBI Equity Hybrid Fund Vs ICICI Prudential Equity and Debt Fund belong to the same category, that is, Hybrid Balanced – Equity.

As per Fincash Rating, it can be said that both the funds have the same rating which is 4-Star.

The table given below shows the comparison summary of basics section.

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
₹144.359 ↑ 0.63   (0.44 %)
₹30,906 on 31 Oct 19
19 Jan 05
Hybrid
Hybrid Equity
10
Moderately High
2.28
1.32
-0.12
1.67
Not Available
0-12 Months (1%),12 Months and above(NIL)
ICICI Prudential Equity and Debt Fund
Growth
Fund Details
₹137.31 ↑ 0.63   (0.46 %)
₹23,950 on 31 Oct 19
3 Nov 99
Hybrid
Hybrid Equity
7
Moderately High
2.07
0.51
-0.43
-5.98
Not Available
0-1 Years (1%),1 Years and above(NIL)

Performance Section

The performance section shows the CAGR or Compounded Annual Growth Rate returns of both the funds at different time periods. Some of the time periods that are considered are 3 Month Return, 6 Month Return, 1 Year Return, and 5 Year Return. On a hindsight, it can be said that there is not much difference between the performance of both the schemes. At some time period, ICICI Prudential Equity and Debt Fund has earned more returns while in other SBI Equity Hybrid Fund has earned more returns. The performance summary of both the schemes is tabulated as follows.

Parameters
Performance1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Since launch
SBI Equity Hybrid Fund
Growth
Fund Details
2.1%
8.1%
8.5%
15.3%
12%
10.4%
15.4%
ICICI Prudential Equity and Debt Fund
Growth
Fund Details
3.1%
6.5%
4.4%
6.8%
10%
9.3%
14%

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Yearly Performance Section

The yearly performance section compares the absolute returns between two funds for a particular year. In this section, we can find that in certain years, SBI Equity Hybrid Fund has outperformed ICICI Prudential Equity and Debt Fund while in others; the reverse has happened. The yearly performance comparison between both the schemes is shown in the table given below.

Parameters
Yearly Performance2018
2017
2016
2015
2014
SBI Equity Hybrid Fund
Growth
Fund Details
-0.1%
27.7%
3.7%
7.4%
43.2%
ICICI Prudential Equity and Debt Fund
Growth
Fund Details
-1.9%
24.8%
13.7%
2.1%
45.6%

Other Details Section

The different comparable elements in this section are Minimum SIP investment and Minimum Lumpsum Investment. To begin with the Minimum SIP Investment, we can say that the SIP invests in case of SBI Equity Hybrid Fund is INR 500 and of ICICI Prudential Equity and Debt Fund is INR 1,000. With respect to lump investment, SBI has low lumpsum investment amount for this scheme, that is, INR 1,000 while ICICI has INR 5,000.

The table given below tabulates the various comparable elements of other details section.

SBI Equity Hybrid Fund is jointly managed by Mr. R Srinivasan and Mr. Dinesh Ahuja.

ICICI Prudential Equity and Debt Fund is managed jointly by Mr. Sankaren Naren, Mr. Atul Patel, and Mr. Manish Banthia. Mr. Manish Banthia takes care of the fixed income investments while the other two people take care of equity investments.

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 Equity and Debt Fund
Growth
Fund Details
₹100
₹5,000
Sankaran Naren - 3.23 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 Oct 14₹10,000
31 Oct 15₹11,203
31 Oct 16₹12,584
31 Oct 17₹14,436
31 Oct 18₹14,221
31 Oct 19₹16,614
Growth of 10,000 investment over the years.
ICICI Prudential Equity and Debt Fund
Growth
Fund Details
DateValue
31 Oct 14₹10,000
31 Oct 15₹10,625
31 Oct 16₹12,318
31 Oct 17₹14,735
31 Oct 18₹14,514
31 Oct 19₹15,744

Detailed Assets & Holdings Comparison

Asset Allocation
SBI Equity Hybrid Fund
Growth
Fund Details
Asset ClassValue
Cash2.74%
Equity72.35%
Debt24.91%
Equity Sector Allocation
SectorValue
Financial Services31.96%
Industrials6.99%
Consumer Cyclical6.73%
Technology5.92%
Basic Materials4.55%
Consumer Defensive4.39%
Energy3.63%
Health Care3.52%
Communication Services3.24%
Utility1.41%
Debt Sector Allocation
SectorValue
Corporate14.36%
Government10.55%
Cash Equivalent2.74%
Credit Quality
RatingValue
A5.33%
AA23.74%
AAA70.48%
BBB0.13%
Below B0.33%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 May 11 | HDFCBANK
7%₹2,209 Cr18,000,000
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jul 15 | KOTAKBANK
4%₹1,299 Cr7,900,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | 532215
4%₹1,099 Cr16,038,183
↑ 6,038,183
State Bank of India (Financial Services)
Equity, Since 28 Feb 14 | SBIN
4%₹1,083 Cr40,000,000
Infosys Ltd (Technology)
Equity, Since 31 Dec 17 | INFY
4%₹1,072 Cr13,300,000
Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Sep 16 | 500034
3%₹1,012 Cr2,500,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 17 | BHARTIARTL
3%₹989 Cr26,955,223
Divi's Laboratories Ltd (Healthcare)
Equity, Since 30 Apr 16 | DIVISLAB
3%₹836 Cr5,020,541
InterGlobe Aviation Ltd (Industrials)
Equity, Since 30 Sep 17 | INDIGO
3%₹797 Cr4,219,349
↓ -42,584
ICICI Prudential Life Insurance Co Ltd (Financial Services)
Equity, Since 31 Mar 19 | ICICIPRULI
3%₹788 Cr17,000,000
Asset Allocation
ICICI Prudential Equity and Debt Fund
Growth
Fund Details
Asset ClassValue
Cash2.51%
Equity73.99%
Debt23.49%
Other0.02%
Equity Sector Allocation
SectorValue
Financial Services20.91%
Basic Materials9.56%
Utility7.94%
Energy7.9%
Communication Services6.14%
Health Care5.16%
Technology5.1%
Consumer Cyclical4.86%
Consumer Defensive4.29%
Industrials3.09%
Real Estate0.58%
Debt Sector Allocation
SectorValue
Corporate20.94%
Government2.65%
Cash Equivalent2.4%
Credit Quality
RatingValue
A0.03%
AA73.08%
AAA26.9%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jul 12 | ICICIBANK
8%₹1,828 Cr42,146,000
↓ -1,300,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 16 | BHARTIARTL
6%₹1,434 Cr39,055,066
NTPC Ltd (Utilities)
Equity, Since 28 Feb 17 | 532555
6%₹1,395 Cr118,685,805
↑ 587,779
ITC Ltd (Consumer Defensive)
Equity, Since 28 Feb 17 | ITC
4%₹952 Cr36,648,129
State Bank of India (Financial Services)
Equity, Since 30 Apr 15 | SBIN
4%₹914 Cr33,768,512
↑ 1,000,000
Oil & Natural Gas Corp Ltd (Energy)
Equity, Since 30 Apr 17 | 500312
4%₹894 Cr67,813,925
Vedanta Ltd (Basic Materials)
Equity, Since 31 May 17 | 500295
4%₹837 Cr54,318,094
Indian Oil Corp Ltd (Energy)
Equity, Since 30 Jun 17 | IOC
3%₹781 Cr53,013,417
Hindalco Industries Ltd (Basic Materials)
Equity, Since 31 Mar 17 | HINDALCO
3%₹727 Cr37,972,141
Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 17 | 532215
2%₹509 Cr7,435,272
↑ 901,245

Thus, with the help of other parameters and categories, it can be said that though both the schemes belong to the same category yet; there are a lot of differences between them. Therefore, people should be very careful while choosing the schemes. They should understand the modalities of the scheme completely before investing in it. They should check and confirm whether the scheme matches their investment objective or not. In case if required, they can consult a financial advisor so that they can ensure their money is safe and they 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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