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 ₹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 Equity and Debt Fund
Growth
Fund Details ₹273.24 ↑ 0.76 (0.28 %) ₹24,990 on 31 Jul 23 3 Nov 99 ☆☆☆☆ Hybrid Hybrid Equity 7 Moderately High 1.78 1.57 1.57 7.39 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 -0.5% 5.8% 10.3% 8.6% 15.8% 11% 14.7% ICICI Prudential Equity and Debt Fund
Growth
Fund Details 2.3% 9.6% 13.8% 18.8% 26.8% 15.9% 14.9%
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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 2022 2021 2020 2019 2018 SBI Equity Hybrid Fund
Growth
Fund Details 2.3% 23.6% 12.9% 13.5% -0.1% ICICI Prudential Equity and Debt Fund
Growth
Fund Details 11.7% 41.7% 9% 9.3% -1.9%
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 - 11.67 Yr. ICICI Prudential Equity and Debt Fund
Growth
Fund Details ₹100 ₹5,000 Sankaran Naren - 7.74 Yr.
SBI Equity Hybrid Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 31 Aug 18 ₹10,000 31 Aug 19 ₹10,120 31 Aug 20 ₹10,744 31 Aug 21 ₹15,069 31 Aug 22 ₹15,644 31 Aug 23 ₹16,835 ICICI Prudential Equity and Debt Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 31 Aug 18 ₹10,000 31 Aug 19 ₹9,614 31 Aug 20 ₹9,924 31 Aug 21 ₹15,216 31 Aug 22 ₹17,574 31 Aug 23 ₹20,594
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 Equity and Debt Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 7.55% Equity 74.64% Debt 17.81% Equity Sector Allocation
Sector Value Financial Services 19.44% Consumer Cyclical 12.55% Energy 9.67% Utility 8.86% Communication Services 6.61% Technology 5.77% Health Care 3.55% Industrials 3.42% Basic Materials 1.95% Real Estate 1.47% Consumer Defensive 1.12% Debt Sector Allocation
Sector Value Government 13.37% Cash Equivalent 7.16% Corporate 4.84% Credit Quality
Rating Value A 4.2% AA 18.08% AAA 77.72% Top Securities Holdings / Portfolio
Name Holding Value Quantity NTPC Ltd Shs Dematerialised (Utilities)
Equity, Since 28 Feb 17 | 5325559% ₹2,190 Cr 100,312,803 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jul 12 | ICICIBANK7% ₹1,820 Cr 18,232,406 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 16 | BHARTIARTL6% ₹1,487 Cr 16,713,637 Oil & Natural Gas Corp Ltd (Energy)
Equity, Since 30 Apr 17 | 5003125% ₹1,218 Cr 68,788,701
↓ -2,695,000 Tata Motors Ltd Class A (Consumer Cyclical)
Equity, Since 30 Nov 16 | TATAMTRDVR4% ₹1,120 Cr 27,024,763 Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 22 | RELIANCE4% ₹1,051 Cr 4,123,676
↑ 131,192 Infosys Ltd (Technology)
Equity, Since 30 Jun 16 | INFY4% ₹951 Cr 7,013,506 8.51% Govt Stock 2033
Sovereign Bonds | -4% ₹912 Cr 90,325,000
↓ -7,625,000 7.93% Govt Stock 2034
Sovereign Bonds | -3% ₹848 Cr 85,768,010 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 21 | HDFCBANK3% ₹779 Cr 4,715,261
↑ 1,565,175
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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