Fincash » ICICI Prudential Equity and Debt Fund Vs ICICI Prudential Balanced Advantage Fund
Table of Contents
ICICI Prudential Equity and Debt fund and ICICI Prudential Balanced Advantage Fund both are part of hybrid funds-equity category. ICICI Prudential Mutual Fund is the fund house managing the schemes of both the fund house. Balanced Fund is the Mutual Fund scheme whose corpus is invested in a combination of both equity and fixed Income instruments. The percentage of both equity and Fixed Income investments is pre-determined. It is suitable for individuals aiming for Capital growth in the long-term along with earning regular income. Though both ICICI Prudential Balanced Fund and ICICI Prudential Balanced Advantage Fund belong to the same category yet; there exists a difference between them. So, let us understand the differences between both the schemes through this article.
ICICI Prudential Equity and Debt Fund is an open-ended balanced Mutual Fund scheme. It was launched in November 1999. The objective of this scheme is to aim for capital appreciation in the long-term along with providing current income from a diversified Portfolio consisting of equity and fixed income securities. One of the features of this scheme is to reduce the fluctuation in returns and reduce risk through diversification. As on March 31, 2018, some of the constituents of ICICI Prudential Equity and Debt Fund’s portfolio are Maruti Suzuki India Limited, ICICI Bank Limited, State Bank of India, Ambuja Cements Limited, and ITC Limited. ICICI Prudential Equity and Debt Fund is managed jointly by Mr. Sankaran Naren, Mr. Atul Patel, and Mr. Manish Banthia. Out of these, Mr. Manish Banthia manages the fixed income part, while remaining both of them manage the equity investment part.
ICICI Prudential Balanced Advantage Fund is also managed by ICICI Prudential Mutual Fund. This open-ended scheme was launched on December 30, 2006. ICICI Prudential Balanced Advantage Fund uses CRISIL Hybrid 35+65 – Aggressive Index as its benchmark to construct its portfolio. The scheme aims for growth along with safety by Investing in both equity and fixed income instruments. As on March 31, 2016, the portfolio of ICICI Prudential Balanced Advantage Fund consisted of numerous stocks like Eicher Motors Limited, Apollo Tyres Limited, HDFC Bank Limited, Godrej Properties Limited, Kotak Mahindra Bank Limited, and Ambuja Cements Limited. The fund managers managing ICICI Prudential Balanced Advantage Fund are Mr. Sankaran Naren, Mr. Rajat Chandak, Mr. Ihab Dalwai, and Mr. Manish Banthia.
Though both the schemes belong to the same fund house, however, there exist numerous differences between them. So, let have a look at the differences between both the schemes with respect to various parameters such as Fincash Ratings, Current NAV, performance, minimum SIP investment, and so on, that are divided into four sections, namely, Basics Section, Performance section, Yearly Performance section, and Other Details section.
This is the first section in the comparison of both the schemes. The parameters that form part of this section include Scheme category, Fincash Ratings, and current NAV. To begin with the Fincash Ratings, it can be said that ICICI Prudential Equity and Debt Fund is a 4-Star Fund while; ICICI Prudential Balanced Advantage Fund is a 3-Star Fund. With respect to the scheme category, it can be said that both the schemes belong to the same category, Hybrid Balanced – Equity. The comparison of NAV reveals that there is a considerable difference between the NAV of both the schemes. As on April 5, 2018, the NAV of ICICI Prudential Balanced Fund was approximately INR 126 and of ICICI Prudential Balanced Advantage Fund was approximately INR 33. The table given below summarizes the comparison 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 ICICI Prudential Equity and Debt Fund
Growth
Fund Details ₹372.34 ↓ -0.30 (-0.08 %) ₹41,396 on 30 Sep 24 3 Nov 99 ☆☆☆☆ Hybrid Hybrid Equity 7 Moderately High 1.78 3.41 2.09 7.75 Not Available 0-1 Years (1%),1 Years and above(NIL) ICICI Prudential Balanced Advantage Fund
Growth
Fund Details ₹69.53 ↓ -0.05 (-0.07 %) ₹62,051 on 30 Sep 24 30 Dec 06 ☆☆☆ Hybrid Dynamic Allocation 18 Moderately High 1.59 3.21 0 0 Not Available 0-18 Months (1%),18 Months and above(NIL)
Performance section is the second section in the comparison of both schemes. This section compares the performance of both the schemes at different time periods. These time periods include 1 Month Return, 6 Month Return, 1 Year Return, and Return Since Inception. Though there is not much significance between the performance of both the schemes, yet; in many instances, ICICI Prudential Balanced Fund leads the race. The performance section is summarized with the help of table given below.
Parameters Performance 1 Month 3 Month 6 Month 1 Year 3 Year 5 Year Since launch ICICI Prudential Equity and Debt Fund
Growth
Fund Details -4.3% -0.8% 8% 34% 19.6% 22.2% 15.6% ICICI Prudential Balanced Advantage Fund
Growth
Fund Details -2.7% 0% 6.9% 21% 12.3% 13.2% 11.5%
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This section compares the performance of both the schemes for a particular year. Even in this section, the performance of ICICI Prudential Balanced Fund leads the rate at many of the instances. The yearly performance section is tabulated as follows.
Parameters Yearly Performance 2023 2022 2021 2020 2019 ICICI Prudential Equity and Debt Fund
Growth
Fund Details 28.2% 11.7% 41.7% 9% 9.3% ICICI Prudential Balanced Advantage Fund
Growth
Fund Details 16.5% 7.9% 15.1% 11.7% 10.8%
It is the last section in comparison of both the schemes. The elements forming part of this section are Minimum SIP and Lumpsum investment, AUM, and exit load. The minimum SIP investment in both the schemes is same, that is, INR 1,000. Similarly, the lumpsum investment for both the schemes is INR 5,000. With respect to AUM, there is a difference between both the schemes. As on February 28, 2018, the AUM of ICICI Prudential Balanced Advantage Fund is INR 25,663 crores and of ICICI Prudential Balanced Fund is INR 27,801 crores. Even the exit load is different in case of both schemes. For ICICI Prudential Equity and Debt Fund, the exit load is 1% if the Redemption is within 1 year, and nil if the redemption is after a year. For ICICI Prudential Balanced Advantage fund, the exit load is 1% if redemption is done within 18 months from the date of purchase and Nil after 18 months. The comparison of other details section is tabulated as follows.
Parameters Other Details Min SIP Investment Min Investment Fund Manager ICICI Prudential Equity and Debt Fund
Growth
Fund Details ₹100 ₹5,000 Sankaran Naren - 8.82 Yr. ICICI Prudential Balanced Advantage Fund
Growth
Fund Details ₹100 ₹5,000 Sankaran Naren - 7.22 Yr.
ICICI Prudential Equity and Debt Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 31 Oct 19 ₹10,000 31 Oct 20 ₹9,198 31 Oct 21 ₹15,945 31 Oct 22 ₹17,634 31 Oct 23 ₹20,357 31 Oct 24 ₹27,284 ICICI Prudential Balanced Advantage Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 31 Oct 19 ₹10,000 31 Oct 20 ₹10,251 31 Oct 21 ₹13,106 31 Oct 22 ₹14,033 31 Oct 23 ₹15,332 31 Oct 24 ₹18,556
ICICI Prudential Equity and Debt Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 16.21% Equity 68.06% Debt 14.99% Equity Sector Allocation
Sector Value Financial Services 18.98% Consumer Cyclical 11.57% Utility 6.93% Energy 6.16% Health Care 6.01% Communication Services 4.82% Industrials 4.72% Technology 2.86% Consumer Defensive 2.61% Basic Materials 1.94% Real Estate 1.51% Debt Sector Allocation
Sector Value Corporate 12.9% Cash Equivalent 12.03% Government 7% Credit Quality
Rating Value A 3.78% AA 30.35% AAA 65.87% Top Securities Holdings / Portfolio
Name Holding Value Quantity NTPC Ltd (Utilities)
Equity, Since 28 Feb 17 | 5325557% ₹2,784 Cr 62,807,600
↓ -6,361,500 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jul 12 | ICICIBANK6% ₹2,492 Cr 19,579,632 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 21 | HDFCBANK5% ₹2,213 Cr 12,775,772
↓ -394,900 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Jul 21 | MARUTI5% ₹2,089 Cr 1,578,091 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 16 | BHARTIARTL4% ₹1,679 Cr 9,820,680
↓ -303,525 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 May 16 | SUNPHARMA4% ₹1,650 Cr 8,561,834
↓ -482,300 Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 22 | RELIANCE3% ₹1,185 Cr 4,014,343 Oil & Natural Gas Corp Ltd (Energy)
Equity, Since 30 Apr 17 | 5003123% ₹1,133 Cr 38,077,802
↑ 3,600,301 TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 28 Feb 18 | 5323433% ₹1,091 Cr 3,840,285 Govt Stock 22092033
Sovereign Bonds | -2% ₹829 Cr 80,746,220 ICICI Prudential Balanced Advantage Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 36.11% Equity 47.11% Debt 16.41% Equity Sector Allocation
Sector Value Financial Services 17.84% Consumer Cyclical 14.33% Consumer Defensive 7% Technology 6.23% Industrials 5.75% Basic Materials 5.09% Energy 3.36% Health Care 3.08% Utility 2.51% Communication Services 1.88% Real Estate 0.37% Debt Sector Allocation
Sector Value Cash Equivalent 34.43% Corporate 9.2% Government 6.67% Securitized 2.59% Credit Quality
Rating Value A 3.98% AA 28.44% AAA 67.58% Top Securities Holdings / Portfolio
Name Holding Value Quantity Nifty 50 Index
Derivatives | -8% -₹5,016 Cr 1,930,000
↑ 1,930,000 TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 30 Sep 16 | 5323435% ₹3,063 Cr 10,787,443
↓ -50,239 ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 12 | ICICIBANK4% ₹2,645 Cr 20,775,205
↓ -1,619,800 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 30 Apr 16 | MARUTI4% ₹2,377 Cr 1,795,308
↓ -342,721 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 12 | HDFCBANK4% ₹2,320 Cr 13,394,287
↓ -282,700 Infosys Ltd (Technology)
Equity, Since 31 Dec 08 | INFY3% ₹1,954 Cr 10,419,568 ITC Ltd (Consumer Defensive)
Equity, Since 30 Jun 13 | ITC3% ₹1,677 Cr 32,372,717 Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 12 | LT2% ₹1,527 Cr 4,153,549
↓ -379,500 8% Govt Stock 2034
Sovereign Bonds | -2% ₹1,509 Cr 149,643,240 Embassy Office Parks Reit
Unlisted bonds | -2% ₹1,447 Cr 37,107,913
↓ -1,000,000
Thus, from the above factors, it can be said that there exists a difference between both the schemes on various parameters. However, individuals should be careful while choosing the scheme. They should understand the modalities of the scheme completely before identifying it. If required, they can even consult a financial advisor. This will help them to attain their objectives on time.
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Very good comparison