Fincash » HDFC Balanced Advantage Fund Vs ICICI Prudential Balanced Fund
Table of Contents
HDFC Balanced Advantage Fund and ICICI Prudential Equity and Debt fund both belong to the Balanced Fund category of Mutual Funds. These schemes invest a considerable stake of their fund money in equity and equity-related instruments while the remaining amount in fixed Income instruments. These schemes are suitable for individuals seeking for Capital appreciation in long-term along with regular flow of income. Equity-oriented debt funds invest more than 65% of their pooled money in equity instruments. Balanced funds in many situations have given more returns as compared to other schemes. Though both HDFC Balanced Advantage Fund and ICICI Prudential Equity and Debt Fund belong to the same category they differ on various parameters such as NAV, performance, Fincash Ratings, and so on. So, let us have an in-depth understanding about the differences between HDFC Balanced Advantage Fund and ICICI Prudential Mutual Fund.
HDFC Balanced Advantage Fund (earlier known as HDFC Balanced Fund) is a part of HDFC Mutual Fund. It is an open-ended Mutual Fund scheme that was launched in September 2000. The objective of the scheme is to attain growth of capital along with regular income from a Portfolio that contains equity, equity-related, debt, and money market instruments. The scheme invests around 65-72% of its corpus in equity-related instruments. It uses CRISIL Balanced Fund Index as its primary benchmark and Nifty 50 as an additional benchmark to construct its portfolio. As on March 31, 2018, some of the top constituents that form part of HDFC Balanced Advantage Fund’s portfolio included HDFC Bank Limited, ITC Limited, Larsen & Toubro Limited, ICICI Bank Limited, and Voltas Limited. HDFC Balanced Advantage Fund is jointly managed by Mr. Chirag Setalvad and Mr. Rakesh Vyas.
ICICI Prudential Equity and Debt Fund is managed and offered by ICICI Prudential Mutual Fund. The inception date of the scheme is November 03, 1999 and is an open-ended scheme. ICICI Prudential Equity and Debt Fund is jointly managed by Mr. Sankaran Naren, Mr. Atul Patel, and Mr. Manish Banthia. Here, Mr. Manish Banthia looks after the debt investment while the others manage equity investments. The scheme uses CRISIL Hybrid 35+65- Aggressive Index as its benchmark to construct its portfolio. It also uses Nifty 50 Index and 1 Year T Bill as an additional benchmark. The key benefits of this scheme include:
Though both HDFC Balanced Advantage Fund and ICICI Prudential Equity and Debt Fund belong to the same category of balanced fund equity category, yet there are differences between them in terms of NAV, AUM, portfolio composition, and others. So, let us compare and understand the differences between the schemes that are divided into four sections, namely, basics section, performance section, yearly performance section, and other details section.
Basics section is the first section that includes parameters like Fincash Ratings, Scheme Category, and Current NAV. The comparison of Current NAV of both the schemes reveals that HDFC Balanced Advantage Fund leads the race. As on April 11, 2018, the NAV of HDFC Balanced Advantage Fund was approximately INR 149 while NAV of ICICI Prudential Equity and Debt Fund was approximately INR 127. With respect to scheme category, it can be said that both the scheme belong to the same category, which is, Hybrid Balanced – Equity. Moving on to Fincash Ratings, it can be said that ICICI Prudential Equity and Debt Fund is a 5-Star rated scheme while ICICI Prudential Equity and Debt Fund is a 4-Star rated scheme. The summary of basics section is tabulated as follows.
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 HDFC Balanced Advantage Fund
Growth
Fund Details ₹499.175 ↑ 1.32 (0.27 %) ₹95,570 on 30 Nov 24 11 Sep 00 ☆☆☆☆ Hybrid Dynamic Allocation 23 Moderately High 1.43 1.98 0 0 Not Available 0-1 Years (1%),1 Years and above(NIL) ICICI Prudential Equity and Debt Fund
Growth
Fund Details ₹362.97 ↑ 1.26 (0.35 %) ₹40,089 on 30 Nov 24 3 Nov 99 ☆☆☆☆ Hybrid Hybrid Equity 7 Moderately High 1.78 1.74 1.76 3.85 Not Available 0-1 Years (1%),1 Years and above(NIL)
Performance section compares the Compounded Annual Growth Rate or CAGR returns of both the schemes at different time intervals. These time intervals include 1 Month Return, 6 Month Return, 3 Year Return, 5 Year Return, and Return Since Inception. Comparison of the performance section reveals that there is no significant difference between both the schemes though, in many instances, HDFC Balanced Advantage Fund leads the race. The comparison summary of performance section is given the table below.
Parameters Performance 1 Month 3 Month 6 Month 1 Year 3 Year 5 Year Since launch HDFC Balanced Advantage Fund
Growth
Fund Details 0.8% -3% 2.3% 18.5% 22.3% 20% 18.4% ICICI Prudential Equity and Debt Fund
Growth
Fund Details -0.2% -6.7% 2.5% 19.1% 19.4% 21.2% 15.4%
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It is the third section in the comparison of both the schemes. The yearly performance section compares the absolute returns between both the schemes for a particular year. The assessment of yearly performance section shows at for certain years, HDFC Balanced Advantage Fund leads the race while for other, ICICI Prudential Equity and Debt Fund leads the race. The table given below shows the summary comparison of yearly performance section.
Parameters Yearly Performance 2023 2022 2021 2020 2019 HDFC Balanced Advantage Fund
Growth
Fund Details 31.3% 18.8% 26.4% 7.6% 6.9% ICICI Prudential Equity and Debt Fund
Growth
Fund Details 28.2% 11.7% 41.7% 9% 9.3%
It is the last section in comparison of both the schemes. This section includes parameters such as AUM, Minimum SIP investment, Minimum Lumpsum investment, and others. To begin with the AUM, it can be said that ICICI Prudential Equity and Debt Fund leads the race. As on February 28, 2018, the AUM of ICICI Prudential Equity and Debt Fund was approximately INR 27,801 crores. On the other hand, the AUM of HDFC Balanced Advantage Fund was approximately INR 20,191 crores. The Minimum SIP investment is different for both the schemes. For HDFC Balanced Advantage Fund it is INR 500 while for ICICI Prudential Equity and Debt Fund it is INR 1,000. Nevertheless, the Minimum lumpsum amount for both the schemes is same, that is INR 5,000. The table given below summarizes the comparison of other details section.
Parameters Other Details Min SIP Investment Min Investment Fund Manager HDFC Balanced Advantage Fund
Growth
Fund Details ₹300 ₹5,000 Anil Bamboli - 2.34 Yr. ICICI Prudential Equity and Debt Fund
Growth
Fund Details ₹100 ₹5,000 Sankaran Naren - 8.99 Yr.
HDFC Balanced Advantage Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 30 Nov 19 ₹10,000 30 Nov 20 ₹9,985 30 Nov 21 ₹13,508 30 Nov 22 ₹16,323 30 Nov 23 ₹19,916 30 Nov 24 ₹24,965 ICICI Prudential Equity and Debt Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 30 Nov 19 ₹10,000 30 Nov 20 ₹10,154 30 Nov 21 ₹15,389 30 Nov 22 ₹17,785 30 Nov 23 ₹21,172 30 Nov 24 ₹26,558
HDFC Balanced Advantage Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 16.67% Equity 53.2% Debt 30.13% Equity Sector Allocation
Sector Value Financial Services 23.11% Industrials 9.45% Energy 7.72% Consumer Cyclical 4.98% Utility 4.78% Technology 4.34% Health Care 4.26% Consumer Defensive 2.91% Communication Services 2.68% Basic Materials 1.87% Real Estate 1.37% Debt Sector Allocation
Sector Value Government 18.18% Cash Equivalent 16.67% Corporate 11.95% Credit Quality
Rating Value AA 2.32% AAA 96.3% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 22 | HDFCBANK7% ₹6,173 Cr 35,564,751 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK4% ₹3,598 Cr 27,841,624
↑ 53,900 State Bank of India (Financial Services)
Equity, Since 31 May 07 | SBIN3% ₹3,236 Cr 39,455,000 NTPC Ltd (Utilities)
Equity, Since 31 Aug 16 | 5325553% ₹2,872 Cr 70,355,915
↓ -500,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 21 | RELIANCE3% ₹2,856 Cr 21,437,788
↑ 6,417,422 7.38% Govt Stock 2027
Sovereign Bonds | -3% ₹2,767 Cr 272,581,800 Coal India Ltd (Energy)
Equity, Since 31 Jan 18 | COALINDIA3% ₹2,525 Cr 55,854,731
↓ -1,427,383 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Jun 12 | LT2% ₹2,346 Cr 6,476,733
↑ 3,150 Infosys Ltd (Technology)
Equity, Since 31 Oct 09 | INFY2% ₹2,340 Cr 13,314,298 7.18% Govt Stock 2033
Sovereign Bonds | -2% ₹2,333 Cr 228,533,300 ICICI Prudential Equity and Debt Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 12.19% Equity 71.37% Debt 15.7% Equity Sector Allocation
Sector Value Financial Services 19.95% Consumer Cyclical 11.29% Utility 6.66% Energy 6.35% Health Care 6.05% Industrials 4.92% Communication Services 4.67% Consumer Defensive 3.79% Technology 3.57% Basic Materials 2.32% Real Estate 1.57% Debt Sector Allocation
Sector Value Cash Equivalent 12.19% Corporate 9.49% Government 6.95% Credit Quality
Rating Value A 3.14% AA 29.48% AAA 67.38% Top Securities Holdings / Portfolio
Name Holding Value Quantity NTPC Ltd (Utilities)
Equity, Since 28 Feb 17 | 5325556% ₹2,601 Cr 63,727,942
↑ 920,342 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jul 12 | ICICIBANK6% ₹2,530 Cr 19,579,632 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 21 | HDFCBANK6% ₹2,217 Cr 12,775,772 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Jul 21 | MARUTI5% ₹1,912 Cr 1,726,496
↑ 148,405 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 16 | BHARTIARTL4% ₹1,584 Cr 9,820,680 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 May 16 | SUNPHARMA4% ₹1,583 Cr 8,561,834 Oil & Natural Gas Corp Ltd (Energy)
Equity, Since 30 Apr 17 | 5003123% ₹1,239 Cr 46,537,101
↑ 8,459,299 Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 22 | RELIANCE3% ₹1,132 Cr 8,498,686
↑ 470,000 TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 28 Feb 18 | 5323432% ₹999 Cr 4,004,547
↑ 164,262 Avenue Supermarts Ltd (Consumer Defensive)
Equity, Since 31 Jan 23 | 5403762% ₹861 Cr 2,189,548
↑ 1,412,144
Thus, from the above pointers, it can be said that there are significant differences between both the schemes based on numerous parameters. As a result, investors should be careful while choosing the appropriate Mutual Fund scheme to invest. They should check whether the scheme matches with their investment objectives and understand the functioning of the scheme thoroughly. Even, individuals can consult a financial advisor, if required. This will help them to accomplish their objectives on time and in a hassle-free manner.
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