Fincash » SBI Equity Hybrid Fund Vs ICICI Prudential Equity and Debt Fund
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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.
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.
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.
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.
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 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 ₹281.431 ↓ -2.74 (-0.97 %) ₹73,405 on 31 Aug 24 19 Jan 05 ☆☆☆☆ Hybrid Hybrid Equity 10 Moderately High 1.46 2.58 -0.59 1.52 Not Available 0-12 Months (1%),12 Months and above(NIL) ICICI Prudential Equity and Debt Fund
Growth
Fund Details ₹381.24 ↓ -1.93 (-0.50 %) ₹40,095 on 31 Aug 24 3 Nov 99 ☆☆☆☆ Hybrid Hybrid Equity 7 Moderately High 1.78 3.54 2.2 9.22 Not Available 0-1 Years (1%),1 Years and above(NIL)
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 Performance 1 Month 3 Month 6 Month 1 Year 3 Year 5 Year Since launch SBI Equity Hybrid Fund
Growth
Fund Details 0.6% 3.2% 11.9% 26.2% 11.8% 15.5% 15.3% ICICI Prudential Equity and Debt Fund
Growth
Fund Details 0.7% 6.3% 13.1% 36.4% 21.4% 24.3% 15.8%
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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 Performance 2023 2022 2021 2020 2019 SBI Equity Hybrid Fund
Growth
Fund Details 16.4% 2.3% 23.6% 12.9% 13.5% ICICI Prudential Equity and Debt Fund
Growth
Fund Details 28.2% 11.7% 41.7% 9% 9.3%
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 Details Min SIP Investment Min Investment Fund Manager SBI Equity Hybrid Fund
Growth
Fund Details ₹500 ₹1,000 R. Srinivasan - 12.68 Yr. ICICI Prudential Equity and Debt Fund
Growth
Fund Details ₹100 ₹5,000 Sankaran Naren - 8.74 Yr.
SBI Equity Hybrid Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 30 Sep 19 ₹10,000 30 Sep 20 ₹9,915 30 Sep 21 ₹14,559 30 Sep 22 ₹14,589 30 Sep 23 ₹16,113 30 Sep 24 ₹20,629 ICICI Prudential Equity and Debt Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 30 Sep 19 ₹10,000 30 Sep 20 ₹9,549 30 Sep 21 ₹16,336 30 Sep 22 ₹17,486 30 Sep 23 ₹21,502 30 Sep 24 ₹29,614
SBI Equity Hybrid Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 4.18% Equity 74.25% Debt 21.57% Equity Sector Allocation
Sector Value Financial Services 23.55% Industrials 9.44% Basic Materials 9.17% Consumer Cyclical 6.41% Communication Services 6.31% Energy 6.07% Health Care 4.4% Technology 4.15% Consumer Defensive 4.02% Real Estate 0.73% Debt Sector Allocation
Sector Value Government 13.78% Corporate 7.03% Cash Equivalent 4.18% Securitized 0.76% Credit Quality
Rating Value A 0.77% AA 21.65% AAA 77.58% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 21 | 5003256% ₹4,453 Cr 14,750,000 ICICI Bank Ltd (Financial Services)
Equity, Since 28 Feb 17 | 5321746% ₹4,056 Cr 33,000,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 17 | 5324545% ₹3,973 Cr 25,000,000 7.18% Govt Stock 2033
Sovereign Bonds | -5% ₹3,885 Cr 381,335,900
↓ -20,000,000 State Bank of India (Financial Services)
Equity, Since 28 Feb 14 | 5001125% ₹3,589 Cr 44,000,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 May 11 | 5001804% ₹3,110 Cr 19,000,000 Solar Industries India Ltd (Basic Materials)
Equity, Since 31 Jul 16 | 5327254% ₹2,962 Cr 2,761,006 InterGlobe Aviation Ltd (Industrials)
Equity, Since 31 Jan 22 | 5394484% ₹2,850 Cr 5,900,000 Divi's Laboratories Ltd (Healthcare)
Equity, Since 30 Apr 16 | DIVISLAB3% ₹2,547 Cr 5,000,000 Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Sep 16 | 5000343% ₹2,376 Cr 3,300,000 ICICI Prudential Equity and Debt Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 16.56% Equity 69.78% Debt 13.66% Equity Sector Allocation
Sector Value Financial Services 19.14% Consumer Cyclical 11.45% Utility 7.38% Energy 6.43% Health Care 6.27% Industrials 4.84% Communication Services 4.74% Technology 3.03% Consumer Defensive 2.66% Basic Materials 2.29% Real Estate 1.54% Debt Sector Allocation
Sector Value Cash Equivalent 12.89% Corporate 9.94% Government 7.39% Credit Quality
Rating Value A 3.64% AA 29.2% AAA 65.34% Top Securities Holdings / Portfolio
Name Holding Value Quantity NTPC Ltd (Utilities)
Equity, Since 28 Feb 17 | 5325557% ₹2,879 Cr 69,169,100 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jul 12 | 5321746% ₹2,407 Cr 19,579,632
↓ -1,423,100 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 21 | 5001805% ₹2,156 Cr 13,170,672
↑ 2,892,667 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Jul 21 | 5325005% ₹1,957 Cr 1,578,091
↑ 258,856 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 May 16 | SUNPHARMA4% ₹1,648 Cr 9,044,134
↓ -532,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 16 | 5324544% ₹1,609 Cr 10,124,205
↓ -522,500 Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 22 | 5003253% ₹1,212 Cr 4,014,343 Oil & Natural Gas Corp Ltd (Energy)
Equity, Since 30 Apr 17 | 5003123% ₹1,140 Cr 34,477,501 TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 28 Feb 18 | 5323433% ₹1,080 Cr 3,840,285 8.34% Govt Stock 2033
Sovereign Bonds | -2% ₹832 Cr 80,746,220
↓ -7,500,000
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.
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